MIRA INFORM REPORT

Report No. :	347474
Report Date :	30.10.2015

IDENTIFICATION DETAILS

Name :	TOLSMA TECHNIEK EMMELOORD B.V.

Registered Office :	Fabrieksweg 7 8304AT Emmeloord

Country :	Netherlands

Financials (as on) :	31.12.2014

Date of Incorporation :	19.05.2003

Com. Reg. No.:	39082729

Legal Form :	Private company

Line of Business :	Manufacture of non-domestic cooling and ventilation equipment

No. of Employees :	37

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Netherlands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

NETHERLANDS - ECONOMIC OVERVIEW

The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.

Source : CIA

Summary

Company name Tolsma Techniek Emmeloord B.V.

Operative address Fabrieksweg 7

8304AT Emmeloord

Netherlands

Legal form Private company

Registration number KvK-nummer: 39082729

VAT-number 811949916

Year	2014	Mutation	2013	Mutation		2012
Fixed assets	4.062.838	-7,43	4.389.016	13,84	3.855.329
Total receivables	2.925.149	-45,62	5.379.461	36,98	3.927.296
Total equity	6.416.778	43,09	4.484.509	47,69	3.036.531
Short term liabilities	4.732.968	-45,54	8.690.156	19,92	7.246.348
Net result	1.932.269	33,45	1.447.978	-21,13	1.835.946
Working capital	2.634.669	572,96	391.502	197,04	-403.464
Quick ratio	0,82	30,16	0,63	6,78	0,59

Contact information

Company name Tolsma Techniek Emmeloord B.V.

Trade names Tolsma Techniek Emmeloord B.V.

Operative address Fabrieksweg 7

8304AT Emmeloord

Netherlands

Correspondence address Postbus 1010

8300BA Emmeloord

Netherlands

Telephone number 0527636465

Fax number 0527699532

Email address info@tolsma.com

Website www.tolsma.com

Registration

Registration number KvK-nummer: 39082729

Branch number 000017647681

VAT-number 811949916

Status Active

First registration company register 2003-05-20

Memorandum 2003-05-19

Establishment date 2003-05-19

Legal form Private company

Issued placed capital EUR 18.000

Paid up share capital EUR 18.000

Activities

SBI 2825: Manufacture of non-domestic cooling and ventilation equipment

Exporter Yes

Importer Yes

Branche organisations UNETO VNI

GMV - Groep Fabrieken van Machines voor de Voedings- en Genotmiddelenindustrie Fedecom

Goal Het fabriceren en installeren van koel-, luchttechnische en electrische installaties alsmede het ontwerpen en uitvoeren van turnkey projekten voor de agrarische en voedselindustrie alsmede het deelnemen in- of anderszins betrokken zijn bij andere ondernemingen.

Relations

Shareholders Tolsma Beheer Emmeloord B.V.

Fabrieksweg 7

8304AT EMMELOORD

Netherlands

Registration number: 39053635

Percentage: 100%

Companies on same address De Pionier B.V.

Registration number: 39084364

Personeelsvereniging De Piepers

Registration number: 39081841

Tolsma Beheer Emmeloord B.V.

Registration number: 39053635

Dimmen B.V.

Registration number: 39098751

Stichting Administratiekantoor T-G Holding

Registration number: 57027056

T-G Holding B.V.

Registration number: 57050007

Management

Active management A.P. Wesseling Anne Pieter

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2012-10-10

Date of birth: 1957-03-23, Hardenberg, NL

G.J. Felten Gerrit Jan

Netherlands