MIRA INFORM REPORT

Report No. :	506100
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	EEKELS TECHNOLOGY B.V.
Registered Office :	A. Plesmanlaan 2, 9615th Kolham
Country :	Netherlands
Financials (as on) :	31.12.2017
Date of Incorporation :	01.01.1901
Com. Reg. No.:	02309166
Legal Form :	Private Limited Company
Line of Business :	Installation of General-Purpose Machinery (No Tools)
No. of Employees :	479 [Chamber of Commerce- 2018]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Netherlands	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 consistently high trade surplus, stable industrial relations, and low 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 euro zone, 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 80% of banking assets, and is four times the size of Dutch GDP.

In 2008, during the financial crisis, the government budget deficit hit 5.3% of GDP. Following a protracted recession from 2009 to 2013, during which unemployment doubled to 7.4% and household consumption contracted for four consecutive years, economic growth began inching forward in 2014. Since 2010, Prime Minister Mark RUTTE’s government has 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. In 2017, the government budget returned to a surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita finally surpassed pre-crisis levels. The fiscal policy announced by the new government in the 2018-2021 coalition plans for increases in government consumption and public investment, fueling domestic demand and household consumption and investment. The new government’s policy also plans to increase demand for workers in the public and private sector, forecasting a further decline in the unemployment rate, which hit 4.8% in 2017.

Source : CIA

Summary

Company name	EEKELS TECHNOLOGY B.V.
Operative address	A. Plesmanlaan 2 9615TH Kolham Netherlands
Status	Active
Specification	This company can meet all its obligations.

Legal form	Private Limited Company
Registration number	KvK-nummer: 02309166
VAT-number	001609610
European VAT-number	NL001609610B01
Year	2017	Mutation	2016	Mutation	2015
Fixed assets	6.697.000	15,23	5.812.000	-40,06	9.696.000
Total receivables	11.263.000	-15,56	13.339.000	-15,70	15.823.000
Total equity	14.501.000	-5,25	15.304.000	1,25	15.115.000
Short term liabilities	14.013.000	16,27	12.052.000	-46,07	22.347.000
Net result	2.932.000	-20,71	3.698.000	-19,03	4.567.000
Working capital	10.024.000	-0,50	10.074.000	39,41	7.226.000
Quick ratio	1,33	-13,64	1,54	23,20	1,25

Contact information

Company name	Eekels Technology B.V.
Trade names	Eekels Technology B.V. Eekels Technology Joure Eekels Technology Emmen Eekels Mechanical MarPower
Operative address	A. Plesmanlaan 2 9615TH Kolham Netherlands
Correspondence address	Postbus 4 9600AA Hoogezand Netherlands

Telephone number	0598361736
Fax number	0598361720
Email address	info@eekels.com
Website	www.eekels.com

Registration

Registration number	KvK-nummer: 02309166
Branch number	000019193602
VAT-number	001609610
European VAT-number	NL001609610B01
Status	Active
First registration company register	1949-08-10
Memorandum	1949-08-10
Establishment date	1901-01-01

Legal form	Private Limited Company
Legal person since	1973-03-08
Last proposed admendment	2013-05-31
Issued placed capital	EUR 898.920
Paid up share capital	EUR 898.920

Activities

SBI	33221: Installation of general-purpose machinery (no tools)
Exporter	Yes
Importer	Yes

Branche organisations	UNETO VNI Scheepsbouw Nederland
Goal	To carry out projects and maintenance and service activities in the market segments Marine & Offshore and Industry & Infrastructure through the provision of services, systems and products, particularly in the disciplines of electrical engineering and mechanical engineering, as well as holding and finance companies.

Relations

Involved with the following companies	Eekels 'Diamant' B.V. Marktstraat 10 9934CK DELFZIJL Netherlands Registration number: 51513730 Function: Manager Eekels Scheepsparticipaties III B.V. Marktstraat 10 9934CK DELFZIJL Netherlands Registration number: 02330885 Function: Manager Starting date: 2012-06-29
Shareholders	TBI Techniek B.V. Wilhelminaplein 37 3072DE Rotterdam Netherlands Registration number: 24336115 Percentage: 100%

Affiliates	WTH Vloerverwarming B.V. Mijlweg 75 3316BE Dordrecht Netherlands Registration number: 23074562 Croonwolter&dros B.V. Marten Meesweg 25 3068AV Rotterdam Netherlands Registration number: 64954153 Comfort Partners B.V. Hanzeweg 16 2803MC Gouda Netherlands Registration number: 32157437
Subsidiaries	Greenland Engineering B.V. A. Plesmanlaan 2 9615TH KOLHAM Netherlands Registration number: 04061534

Branches	Eekels Technology B.V. Albert Einsteinweg 3 8501XE JOURE Netherlands Registration number: 02309166 Eekels Technology B.V. Jacob le Mairestraat 243 7825XE EMMEN Netherlands Registration number: 02309166
Companies on same address	Greenland Engineering B.V. Registration number: 04061534 Personeelsvereniging Eekels Elektrotechniek B.V. Registration number: 40038648

Bank details

Accounts

ABN Amro Bank NV Account number: NL13RBOS0574820825 BIC: ABNANL2A ING Bank NV Account number: NL39INGB0651020832 BIC: INGBNL2A ING Bank NV Account number: NL51INGB0000807403 BIC: INGBNL2A ING Bank NV Account number: NL40INGB0677262612 BIC: INGBNL2A

Real Estate

Details operative address

Surface area: 7586 m2 Purpose: Industrial function Construction year: 2002 Status: Building in use Under investigation: No

Management

Active management

H. de Haan Hendrik Netherlands Competence: Fully authorized Function: Manager Starting date: 2009-06-01 Date of birth: 1966-02-21, Groningen, NL C.K.H. Schepers Christiaan Katharina Hermanus Netherlands Competence: Limited authorization Function: Manager Starting date: 2010-01-01 Date of birth: 1969-09-02, Schoonebeek, NL J.H. Hoegee Jan Hendrikus Netherlands Competence: Fully authorized Function: Manager Starting date: 2018-01-01 Date of birth: 1962-12-21, Leerdam, NL Involved with the following companies: Stichting Topconsortium voor Kennis en Innovatie (TKI) Maritiem Boompjes 40 3011XB Rotterdam Netherlands Registration number: 55953212 Function: Manager Starting date: 2012-09-24 D.A. Sperling Daniël Arie 's-Gravenweg 26 2911CG Nieuwerkerk aan den IJssel Netherlands Function: Commissaris Starting date: 2012-05-01 Date of birth: 1955-09-02, Maassluis, NL Involved with the following companies: TBI Techniek B.V. Wilhelminaplein 37 3072DE Rotterdam Netherlands Registration number: 24336115 Function: Manager Starting date: 2011-03-01 TBI Bouw B.V. Wilhelminaplein 37 3072DE Rotterdam Netherlands Registration number: 24144107 Function: Manager Starting date: 2002-02-01 TBI Holdings B.V. Wilhelminaplein 37 3072DE Rotterdam Netherlands Registration number: 24144064 Function: Chairman Starting date: 2002-02-01 Hopman Interheem Beheer B.V. Tielweg 28 2803PK Gouda Netherlands Registration number: 27093903 Status: Dissolved Function: Commissaris Starting date: 2007-03-30 TBI Acdmy B.V. Wilhelminaplein 37 3072DE ROTTERDAM Netherlands Registration number: 24422500 Status: Dissolved Function: Commissaris Starting date: 2007-10-04 Heijmerink Bouw B.V. Schoudermantel 2 a 3981AH Bunnik Netherlands Registration number: 30035984 Status: Dissolved Function: Commissaris Starting date: 2002-02-01 Stichting SBRCURnet Van der Burghweg 1 2628CS Delft Netherlands Registration number: 41125378 Function: Commissaris Starting date: 2009-01-01 Croon Elektrotechniek B.V. Schiemond 20 3024EE Rotterdam Netherlands Registration number: 24002312 Status: Dissolved Function: Commissaris Starting date: 2011-03-10 Albert Schweitzer Ziekenhuis, locatie Dordwijk Albert Schweitzerplaats 25 3318AT Dordrecht Netherlands Registration number: 23091362 Function: Commissaris Starting date: 2017-01-01 Ingenieursbureau Wolter & Dros B.V. Amsterdamseweg 53 3812RP Amersfoort Netherlands Registration number: 31006867 Status: Dissolved Function: Commissaris Starting date: 2011-03-10 TBI Assurantiën B.V. Wilhelminaplein 37 3072DE ROTTERDAM Netherlands Registration number: 24124224 Status: Dissolved Function: Commissaris Starting date: 2013-02-01 WTH Vloerverwarming B.V. Mijlweg 75 3316BE Dordrecht Netherlands Registration number: 23074562 Function: Commissaris Starting date: 2016-10-01 J.P. van Eesteren B.V. Hanzeweg 16 2803MC Gouda Netherlands Registration number: 54206669 Function: Commissaris Starting date: 2011-12-27 Aanneming Maatschappij J.P. van Eesteren B.V. Zweth 2 2991LH Barendrecht Netherlands Registration number: 24094910 Status: Dissolved Function: Commissaris Starting date: 2002-02-01 Comfort Partners B.V. Hanzeweg 16 2803MC Gouda Netherlands Registration number: 32157437 Function: Commissaris Starting date: 2016-11-01 ERA Contour B.V. Zilverstraat 39 2718RP Zoetermeer Netherlands Registration number: 27094203 Function: Commissaris Starting date: 2002-02-01 Mobilis B.V. Landdrostlaan 49 7327GM Apeldoorn Netherlands Registration number: 24289439 Function: Commissaris Starting date: 2006-07-20 Hevo B.V. Statenlaan 8 5223LA 's-Hertogenbosch Netherlands Registration number: 16029774 Function: Commissaris Starting date: 2007-08-10 Koopmans Bouwgroep B.V. Marssteden 66 7547TD Enschede Netherlands Registration number: 06028999 Function: Commissaris Starting date: 2002-12-24 Croonwolter&dros B.V. Marten Meesweg 25 3068AV Rotterdam Netherlands Registration number: 64954153 Function: Commissaris Starting date: 2016-01-01 Synchroon B.V. Zilverstraat 39 2718RP Zoetermeer Netherlands Registration number: 24437966 Function: Commissaris Starting date: 2008-06-18 Hazenberg Bouw B.V. Molenstraat 2 5262ED Vught Netherlands Registration number: 16026700 Function: Commissaris Starting date: 2002-02-01 TBI Infra B.V. Landdrostlaan 49 7327GM Apeldoorn Netherlands Registration number: 24402189 Function: Commissaris Starting date: 2006-10-03 P.J. Heijboer Pieter Johannes Hovenlaan 40 3329BB Dordrecht Netherlands Function: Commissaris Starting date: 2012-10-01 Date of birth: 1963-09-30, Rotterdam, NL Involved with the following companies: Stichting Universiteitsfonds Delft Prometheusplein 1 2628ZC DELFT Netherlands Registration number: 41145319 Function: Manager Starting date: 2013-02-07 Aanneming Maatschappij J.P. van Eesteren B.V. Zweth 2 2991LH Barendrecht Netherlands Registration number: 24094910 Status: Dissolved Function: Manager Starting date: 2005-01-01 New Main B.V. De Bruyn Kopsstraat 12 2288ED RIJSWIJK Netherlands Registration number: 58411453 Function: Manager Starting date: 2016-01-01 Croonwolter&dros B.V. Marten Meesweg 25 3068AV Rotterdam Netherlands Registration number: 64954153 Function: Manager Starting date: 2016-01-01 TBI Acdmy B.V. Wilhelminaplein 37 3072DE ROTTERDAM Netherlands Registration number: 24422500 Status: Dissolved Function: Commissaris Starting date: 2012-05-01 J.G.J. Meijer Jan Gerardus Johannes Netherlands Competence: Limited authorization Function: Proxy Starting date: 2010-03-01 Date of birth: 1972-04-22, Tubbergen, NL R. Keen Ronald Netherlands Competence: Limited authorization Function: Proxy Starting date: 2002-05-01 Date of birth: 1964-09-10, Assen, NL Involved with the following companies: Stichting Topsport Achilles 1894 Martin Luther Kingweg 11 9403PA ASSEN Netherlands Registration number: 41019357 Function: Chairman Starting date: 2012-02-01 A.J. de Graaf Arie Johannes Netherlands Competence: Limited authorization Function: Proxy Starting date: 2018-01-01 Date of birth: 1963-04-02, Leiden, NL Involved with the following companies: Graafwerk B.V. Anjelier 56 7621AM BORNE Netherlands Registration number: 08125503 Function: Manager Starting date: 2004-05-24

Employees

Year	2018	2017	2016	2015	2014
Annual		558	557	526	521
Chamber of Commerce	479	369		362	293

Payments

Description

Regular

Total	EUR 423.999
	Last quarter	Last year
Average payment period (days)	31	36
Average delay (days)	1	7

Quarter	Volume	Not overdue	1-30	31-60	61-90	91-120	121+
2018 Q2	A	100,00%	0,00%	0,00%	0,00%	0,00%	0,00%
2018 Q1	A	65,00%	35,00%	0,00%	0,00%	0,00%	0,00%
2017 Q4	E	51,00%	2,00%	45,00%	1,00%	0,00%	1,00%
2017 Q3	C	61,00%	39,00%	0,00%	0,00%	0,00%	0,00%
2017 Q2	C	85,00%	13,00%	1,00%	1,00%	1,00%	0,00%

A = < 10.000, B = < 25.000, C = < 50.000, D = < 125.000, E = > 125.000

Payments within industry		Last quarter			Last year
Average payment period (days)		43			43
Average delay (days)		20			22
Quarter	Not overdue	1-30	31-60	61-90		91-120	121+
2018 Q2	59,00%	33,00%	6,00%	2,00%		0,00%	0,00%
2018 Q1	62,00%	29,00%	6,00%	1,00%		1,00%	1,00%
2017 Q4	60,00%	19,00%	7,00%	2,00%		2,00%	9,00%
2017 Q3	56,00%	31,00%	4,00%	2,00%		1,00%	5,00%
2017 Q2	34,00%	51,00%	9,00%	4,00%		0,00%	1,00%

The above data is an indication of the average payment behaviour of the client. the payment experieneces can be affected by disputes, payment arrangements, etc.

Key figures

Year	2017	2016	2015	2014	2013
Quick ratio	1,33	1,54	1,25	1,07	0,93
Current ratio	1,72	1,84	1,32	1,15	1,06
Working capital/ balance total	0,33	0,36	0,18	0,09	0,03
Equity / balance total	0,47	0,55	0,38	0,29	0,34
Equity / Fixed assets	2,17	2,63	1,56	1,00	0,67
Equity / liabilities	0,89	1,21	0,63	0,41	0,51
Balance total / liabilities	1,89	2,21	1,63	1,41	1,51
Working capital	10.024.000	10.074.000	7.226.000	3.343.000	691.000
Equity	14.501.000	15.304.000	15.115.000	10.567.000	8.926.000
Mutation equity	-5,25	1,25	43,04	18,38	5,83
Mutation short term liabilities	16,27	-46,07	0,96	78,23	0,65
Return on total assets (ROA)	13,16	17,67	14,96	11,04	2,43
Return on equity (ROE)	27,89	32,25	38,86	37,71	7,18
Gross profit margin	3,50	8,34	12,81	8,33	1,25
Net profit margin	2,59	6,19	9,77	5,76	0,78
Average collection ratio	8,07	4,96	2,09	2,43	5,13
Average payment ratio	10,04	4,48	2,95	3,72	6,34
Equity turnover ratio	7,80	3,90	3,09	5,09	7,13
Total assets turnover ratio	3,68	2,14	1,19	1,49	2,42
Fixed assets turnover ratio	16,88	10,28	4,82	5,07	4,81
Inventory conversion ratio	21,04	16,48	27,31	30,57	40,03
Turnover	113.069.000	59.761.000	46.735.000	53.795.000	63.650.000
Operating result	3.960.000	4.985.000	5.987.000	4.483.000	794.000
Net result after taxes	2.932.000	3.698.000	4.567.000	3.101.000	497.000
EBIT	3.960.000	4.985.000	5.987.000	4.483.000	794.000
Summary	The 2017 financial result structure is a postive working captial of 10.024.000 euro, which is in agreement with 33 % of the total assets of the company. The working capital remained unchanged compared to previous year. The ratio with respect to the total assets of the company has however, declined. The unchanged capital can be explained by a decrease in current assets and an increase in current liabilities. The current ratio of the company in 2017 was 1.72. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength. The quick ratio in 2017 of the company was 1.33. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities. The 2016 financial result structure is a postive working captial of 10.074.000 euro, which is in agreement with 36 % of the total assets of the company. The working capital has increased with 39.41 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased. The improvement between 2015 and 2016 has mainly been caused by a change of the current assets. The current ratio of the company in 2016 was 1.84. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength. The quick ratio in 2016 of the company was 1.54. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

Financial statement

Last annual account	2017
Remark annual account	The company is obliged to file its financial statements.
Type of annual account	Consolidated
Annual account	Eekels Technology B.V. A. Plesmanlaan 2 9615TH Kolham Netherlands Registration number: 02309166

Balance

Year	2017	2016	2015	2014	2013
End date	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Type of annual account	Consol.	Consol.	Consol.	Consol.	Consol.
Tangible fixed assets	6.697.000	5.812.000	6.239.000	5.523.000	6.172.000
Financial fixed assets			3.457.000	5.086.000	7.061.000
Fixed assets	6.697.000	5.812.000	9.696.000	10.609.000	13.233.000
Total stock	5.374.000	3.626.000	1.711.000	1.760.000	1.590.000
Accounts receivable			14.943.000	14.105.000	9.413.000
Other receivables			880.000	371.000	631.000
Total receivables	11.263.000	13.339.000	15.823.000	14.476.000	10.044.000
Liquid funds	7.400.000	5.161.000	12.039.000	9.242.000	1.476.000
Current assets	24.037.000	22.126.000	29.573.000	25.478.000	13.110.000
Total assets	30.734.000	27.938.000	39.269.000	36.087.000	26.343.000
Total equity	14.501.000	15.304.000	15.115.000	10.567.000	8.926.000
Provisions	690.000	582.000	1.805.000	3.377.000	4.998.000
Long term interest yielding debt	1.530.000		2.000	8.000
Long term liabilities	1.530.000		2.000	8.000
Accounts payable			11.032.000	8.601.000	6.066.000
Other short term liabilities			11.315.000	13.534.000	6.353.000
Short term liabilities	14.013.000	12.052.000	22.347.000	22.135.000	12.419.000
Total short and long term liabilities	16.233.000	12.634.000	24.154.000	25.520.000	17.417.000
Total liabilities	30.734.000	27.938.000	39.269.000	36.087.000	26.343.000
Summary	The total assets of the company increased with 10.01 % between 2016 and 2017. The total asset increase is retrievable in the fixed asset growth of 15.23 %. Asset growth is in contrasts with the net worth decline of -5.25 %. The company's indebtedness has, therefore, increased with 28.49 %. In 2017 the assets of the company were 21.79 % composed of fixed assets and 78.21 % by current assets. The assets are being financed by an equity of 47.18 %, and total debt of 52.82 %. The total assets of the company decreased with -28.85 % between 2015 and 2016. This downturn is mainly retrievable in the fixed asset decrease of -40.06 %. The asset reduction is in contrast with the equity growth of 1.25 %. Due to this the total debt decreased with -47.69 %. In 2016 the assets of the company were 20.8 % composed of fixed assets and 79.2 % by current assets. The assets are being financed by an equity of 54.78 %, and total debt of 45.22 %.

Profit and loss

Year	2017	2016	2015	2014	2013
Revenues	66.443.000	77.000.000	88.547.000	61.734.000	49.734.000
Other operating income	-46.626.000	17.239.000	41.812.000	7.939.000	-13.916.000
Net turnover	113.069.000	59.761.000	46.735.000	53.795.000	63.650.000
Changes in inventories of finished goods and work in progress	-46.626.000	17.239.000	41.812.000	7.939.000	-13.916.000
Operating expenses	62.483.000	72.015.000	82.560.000	57.251.000	48.940.000
Result in subsidiaries		-138.000	-257.000	-551.000	-175.000
Operating result	3.960.000	4.985.000	5.987.000	4.483.000	794.000
Financial income	95.000	92.000	147.000	57.000	77.000
Financial expenses	10.000	3.000	3.000	4.000	55.000
Financial result	85.000	89.000	144.000	53.000	22.000
Result on ordinary operations before taxes	4.045.000	4.936.000	5.874.000	3.985.000	641.000
Taxation on the result of ordinary activities	1.113.000	1.238.000	1.307.000	884.000	144.000
Result of ordinary activities after taxes	2.932.000	3.698.000	4.567.000	3.101.000	497.000
Net result	2.932.000	3.698.000	4.567.000	3.101.000	497.000
Summary	The turnover of the company grew with 89.2 % between 2016 and 2017. The operating result of the company declined with -20.56 % between 2016 and 2017. This evolution implies an decrease of the company's economic profitability. The result of these changes is a reduction of the company's Economic Profitability of -25.52 % of the analysed period, being equal to 13.16 in the year 2017. Despite the decline the assets turnover increased by 71.96 % reaching 3.68. The Net Result of the company decreased by -20.71 % between 2016 and 2017. The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -13.52 % of the analysed period, being 27.89 in the year 2017. The company's financial profitability has been positively affected by its financial structure. The turnover of the company grew with 27.87 % between 2015 and 2016. The operating result of the company declined with -16.74 % between 2015 and 2016. This evolution implies an decrease of the company's economic profitability. The result of these changes is an increase of the company's Economic Profitability of 18.11 % of the analysed period, being equal to 17.67 in the year 2016. This growth has contributed to the increase in assets turnover, increasing by 79.83 % reaching 2.14. The Net Result of the company decreased by -19.03 % between 2015 and 2016. The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -17.01 % of the analysed period, being 32.25 in the year 2016. The company's financial profitability has been positively affected by its financial structure.

Analysis

Branch (SBI)	Installation of general-purpose machinery (no tools) (SBI code 33221)
Region	Oost-Groningen
Summary	In the Netherlands 2909 of the companies are registered with the SBI code 33221 In the region Oost-Groningen 22 of the companies are registered with the SBI code 33221 In the Netherlands 9 of the bankrupcties are published within this sector The risk of this specific sector in the Netherlands is normal The risk of this specific sector in the region Oost-Groningen is normal
Year	2017	Company	2016	Company	2015
Equity	15.750.194	14.501.000	16.239.000	15.304.000	15.115.000
Working capital	10.965.109	10.024.000	9.136.000	10.074.000	7.701.198
Balance total	31.669.470	30.734.000	31.480.000	27.938.000	36.078.000
Quick ratio	1,33	1,33	1,29	1,54	1,25
Current ratio	1,74	1,72	1,50	1,84	1,67
Equity / balance total	0,48	0,47	0,48	0,55	0,52
Turnover	72.345.000	113.069.000	51.053.302	59.761.000
Net result	2.234.048	2.932.000	1.472.381	3.698.000

Publications

Deposits

21-03-2018: De jaarrekening over 2017 is gepubliceerd. 31-03-2017: De jaarrekening over 2016 is gepubliceerd. 08-04-2016: De jaarrekening over 2015 is gepubliceerd. 14-04-2015: De jaarrekening over 2014 is gepubliceerd. 28-03-2014: De jaarrekening over 2013 is gepubliceerd.

Functions

19-02-2018: Per 16-02-2018 is gevolmachtigde Erik Kroeze uit functie getreden. 08-02-2018: Per 01-01-2018 is bestuurder Jan Hendrikus Hoegee in functie getreden. 22-01-2018: Per 01-01-2018 is gevolmachtigde Arie Johannes de Graaf in functie getreden. 04-09-2017: Per 01-09-2017 is gevolmachtigde Djurre Siccama uit functie getreden. 04-09-2017: Per 01-09-2017 is bestuurder Lambertus Huibertus Jacobus Dirk Brom uit functie getreden. 10-02-2017: Per 01-02-2017 is gevolmachtigde Oscar Hendrikus Grooten uit functie getreden. 23-12-2014: Per 01-01-2014 is gevolmachtigde Oscar Hendrikus Grooten in functie getreden. 13-10-2014: Per 01-10-2014 is gevolmachtigde Adrianus Fokke Dillema uit functie getreden. 13-10-2014: Per 01-10-2014 is gevolmachtigde Jan Zinger uit functie getreden. 07-07-2014: Per 30-04-2014 is gevolmachtigde Jan Broekema uit functie getreden.

Company structure

Relations	86
Company	Registration number
Stichting TBI (Ammerzoden)	41201971
| - - TBI Beheer B.V. (Rotterdam)	24144065
| - - | - - TBI Holdings B.V. (Rotterdam)	24144064
| - - | - - | - - TBI SSC-ICT Diensten B.V. (DORDRECHT)	24414042
| - - | - - | - - TBI Vastgoed B.V. (Rotterdam)	24405768
| - - | - - | - - TBI Concessies B.V. ('S-HERTOGENBOSCH)	24403034
| - - | - - | - - Synchroon B.V. (Zoetermeer)	24437966
| - - | - - | - - | - - Synchroon Locaties B.V. (ZOETERMEER)	70603464
| - - | - - | - - | - - yoreM B.V. (Zoetermeer)	64466116
| - - | - - | - - | - - Synchroon Projecten B.V. (ZOETERMEER)	24355971
| - - | - - | - - | - - CETC Getsewoud I B.V. (Zoetermeer)	32067032
| - - | - - | - - | - - Johan Matser Investments B.V. (Zoetermeer)	32096112
| - - | - - | - - | - - Vaartpoort XVIII B.V. (Zoetermeer)	32092353
| - - | - - | - - | - - Madestein I B.V. (Zoetermeer)	32092338
| - - | - - | - - | - - JMP/BFP Holding B.V. (Zoetermeer)	32089377
| - - | - - | - - | - - | - - Stadscentrum-Oost Zoetermeer B.V. (Zoetermeer)	32096008
| - - | - - | - - | - - Vaartpoort XV B.V. (Zoetermeer)	32081601
| - - | - - | - - | - - Vaartpoort XIV B.V. (Zoetermeer)	32081595
| - - | - - | - - | - - Vaartpoort XI B.V. (Zoetermeer)	32081592
| - - | - - | - - | - - Vaartpoort IX B.V. (Zoetermeer)	32080781
| - - | - - | - - | - - Vaartpoort VI B.V. (Zoetermeer)	32074204
| - - | - - | - - | - - Vaartpoort V. B.V. (Zoetermeer)	32074203
| - - | - - | - - | - - Vaartpoort XXX B.V. (Zoetermeer)	32127188
| - - | - - | - - | - - Vaartpoort XXIX B.V. (Zoetermeer)	32127186
| - - | - - | - - | - - Vaartpoort XXVII B.V. (Zoetermeer)	32127182
| - - | - - | - - | - - Vaartpoort XXVI B.V. (Zoetermeer)	32127179
| - - | - - | - - | - - Vaartpoort XXIV B.V. (Zoetermeer)	32114313
| - - | - - | - - | - - Vaartpoort XXIII B.V. (Zoetermeer)	32114311
| - - | - - | - - | - - Vaartpoort XXII B.V. (Zoetermeer)	32114309
| - - | - - | - - | - - Vaartpoort XXI B.V. (Zoetermeer)	32114306
| - - | - - | - - | - - Synchroon Merwede B.V. (ZOETERMEER)	70170568
| - - | - - | - - | - - Synchroon PhilHavana B.V. (ZOETERMEER)	69634653
| - - | - - | - - | - - Beleggingsmaatschappij Hagor B.V. (ZOETERMEER)	27138986
| - - | - - | - - TBI Bedrijfspanden B.V. (ROTTERDAM)	62562509
| - - | - - | - - Hevo B.V. ('s-Hertogenbosch)	16029774
| - - | - - | - - Armada Groep B.V. (ROTTERDAM)	17078440
| - - | - - | - - | - - Armada Ventana International B.V. (ROTTERDAM)	17094490
| - - | - - | - - TBI Techniek B.V. (Rotterdam)	24336115
| - - | - - | - - | - - Eekels Technology B.V. (Kolham)	02309166
| - - | - - | - - | - - | - - Greenland Engineering B.V. (KOLHAM)	04061534
| - - | - - | - - | - - Comfort Partners B.V. (Gouda)	32157437
| - - | - - | - - | - - Croonwolter&dros B.V. (Rotterdam)	64954153
| - - | - - | - - | - - | - - Croonwolter&dros International B.V. (ROTTERDAM)	64952576
| - - | - - | - - | - - | - - Duurzame Energie B.V. (ROTTERDAM)	69840229
| - - | - - | - - | - - | - - | - - Duurzame Warmte/koude Exploitatie B.V. (ROTTERDAM)	70757860
| - - | - - | - - | - - WTH Vloerverwarming B.V. (Dordrecht)	23074562
| - - | - - | - - | - - | - - Durinck B.V. (DORDRECHT)	09075982
| - - | - - | - - TBI Bouw B.V. (Rotterdam)	24144107
| - - | - - | - - | - - Hazenberg Bouw B.V. (Vught)	16026700
| - - | - - | - - | - - | - - Het Groene Woud Vastgoed B.V. (Vught)	24321205
| - - | - - | - - | - - | - - De Groene Wel Vastgoed B.V. (Vught)	24356610
| - - | - - | - - | - - | - - De Groene Heij Vastgoed B.V. (VUGHT)	24356605
| - - | - - | - - | - - | - - Aannemingsbedrijf Nico de Bont B.V. (Vught)	16026142
| - - | - - | - - | - - TBI Infra B.V. (Apeldoorn)	24402189
| - - | - - | - - | - - | - - Voorbij Betonsystemen B.V. (Amsterdam)	34291316
| - - | - - | - - | - - | - - Voorbij Funderingstechniek B.V. (Amsterdam)	34291302
| - - | - - | - - | - - | - - | - - Voton B.V. (Amsterdam)	62044648
| - - | - - | - - | - - | - - Mobilis B.V. (Apeldoorn)	24289439
| - - | - - | - - | - - | - - | - - Haverkort Bouw B.V. (Apeldoorn)	05048330
| - - | - - | - - | - - | - - Servicis B.V. (Rotterdam)	24141431
| - - | - - | - - | - - | - - Timmermans Infratechniek B.V. (Hoensbroek)	24402999
| - - | - - | - - | - - Koopmans Bouwgroep B.V. (Enschede)	06028999
| - - | - - | - - | - - | - - Koopmans Cruquiusweg B.V. (ENSCHEDE)	63495570
| - - | - - | - - | - - | - - Koopmans Service & Onderhoud B.V. (Enschede)	06002660
| - - | - - | - - | - - | - - Koopmans Projecten B.V. (Enschede)	06051197
| - - | - - | - - | - - | - - | - - Het Groene Duin Vastgoed B.V. (ENSCHEDE)	24356609
| - - | - - | - - | - - | - - | - - De Groene Vaart Vastgoed B.V. (ENSCHEDE)	24356607
| - - | - - | - - | - - | - - | - - De Groene Boom Vastgoed B.V. (Enschede)	24321202
| - - | - - | - - | - - | - - Koopmans Building Consultants B.V. (ENSCHEDE)	06049043
| - - | - - | - - | - - | - - Koopmans Bouw B.V. (Enschede)	06038150
| - - | - - | - - | - - | - - Koopmans Vastgoed B.V. (ENSCHEDE)	06034324
| - - | - - | - - | - - | - - Remonde B.V. (ENSCHEDE)	08222925
| - - | - - | - - | - - Groothuis Wonen B.V. (Harbrinkhoek)	51705842
| - - | - - | - - | - - J.P. van Eesteren B.V. (Gouda)	54206669
| - - | - - | - - | - - | - - Remise010 B.V. (GOUDA)	64630021
| - - | - - | - - | - - | - - Funderingsconstructies J.P. van Eesteren B.V. (GOUDA)	24108466
| - - | - - | - - | - - | - - Voormolen Bouw B.V. (Gouda)	24105303
| - - | - - | - - | - - | - - De Groene Bergen Vastgoed B.V. (BUNNIK)	24356608
| - - | - - | - - | - - ERA Contour B.V. (Zoetermeer)	27094203
| - - | - - | - - | - - | - - Kanters Bouw en Vastgoed B.V. (ZOETERMEER)	23055838
| - - | - - | - - | - - | - - | - - Biesland Projectontwikkeling B.V. (ZOETERMEER)	24330880
| - - | - - | - - | - - | - - | - - Kanters Bouwbedrijf Zuid B.V. (Zoetermeer)	24330877
| - - | - - | - - | - - | - - | - - Kanters Projektontwikkeling B.V. (ZOETERMEER)	23060300
| - - | - - | - - | - - Voorbij Prefab B.V. (Amsterdam)	33296540
| - - | - - | - - | - - Voorbij Groep B.V. (AMSTERDAM)	33288116
| - - | - - | - - TBI Assurantiën B.V. (ROTTERDAM)	24124224

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
Euro	1	INR 80.42

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.