MIRA INFORM REPORT

Report No. :	486296
Report Date :	15.01.2018

IDENTIFICATION DETAILS

Name :	ECONOSTO NEDERLAND B.V.
Registered Office :	Cypresbaan 63 2908LT Capelle Aan Den Ijssel
Country :	Netherlands
Financials (as on) :	31.12.2016
Date of Incorporation :	11.12.1981
Com. Reg. No.:	24227439
Legal Form :	Private Limited Company
Line of Business :	Manufacture of rubber products (no tires) Wholesale of fittings, technical supplies.
No. of Employees :	310 (2017)

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	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
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 persistently 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 2016, the government budget returned to a surplus of 0.3% of GDP, with economic growth of 2.1%, and GDP per capita finally surpassed pre-crisis levels. The Dutch government projects steady but modest economic growth of 2.1% in 2017 and unemployment decreasing to 4.9%.

Source : CIA

Summary

Company name	Econosto Nederland B.V.
Operative address	Cypresbaan 63 2908LT Capelle aan den IJssel Netherlands
Status	Active

Legal form	Private Limited Company
Registration number	KvK-nummer: 24227439
VAT-number	005572824
European VAT-number	NL005572824B01

Year	2016	Mutation	2015	Mutation	2014
Fixed assets	33.575	-99,97	111.877.000		111.877.000
Total receivables	6.059	-99,96	13.857.000	6,39	13.025.000
Total equity	38.755	-99,97	123.449.000	0,11	123.318.000
Short term liabilities	879	-99,96	2.308.000	43,98	1.603.000
Working capital	5.180	-99,96	11.572.000	1,15	11.441.000
Quick ratio	6,89	14,64	6,01	-26,17	8,14

Contact information

Company name	Econosto Nederland B.V.
Trade names	Econosto Nederland B.V.
Operative address	Cypresbaan 63 2908LT Capelle aan den IJssel Netherlands
Correspondence address	Postbus 8988 3009TJ Rotterdam Netherlands

Telephone number	0102841100
Fax number	0104516851
Email address	info@econosto.com
Website	www.econosto.com

Registration

Registration number	KvK-nummer: 24227439
Branch number	000015785955
VAT-number	005572824
European VAT-number	NL005572824B01
Status	Active
First registration company register	1981-12-18
Memorandum	1981-12-11
Establishment date	1981-12-11

Legal form	Private Limited Company
Last proposed admendment	2014-05-28
Issued placed capital	EUR 907.560
Paid up share capital	EUR 907.560

Activities

SBI	2219: Manufacture of rubber products (no tires) 46694: Wholesale of fittings, technical supplies etc.
Exporter	No
Importer	No

Branche organisations	Scheepsbouw Nederland
Goal	Groothandel in, alsmede het ontwerpen, fabrice- ren of repareren van technische apparaten en het verlenen van diensten hierop betrekking hebbend. Produktie afdichtingen voor industriële afdichtingen.

Relations

Shareholders	Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Percentage: 100%
Affiliates	Noton B.V. Cypresbaan 63 2908LT CAPELLE AAN DEN IJSSEL Netherlands Registration number: 32040187 Elastomer Research Testing B.V. Teugseweg 27 7418AM Deventer Netherlands Registration number: 08117577

Branches	Econosto Nederland B.V. Rouaanstraat 8 9723CD GRONINGEN Netherlands Registration number: 24227439
Companies on same address	Econosto International Holding B.V. Registration number: 24186754 Econosto Mideast B.V. Registration number: 24157531 Econosto N.V. Registration number: 24001525 Noton B.V. Registration number: 32040187

Liability statements

Econosto N.V. Cypresbaan 63 2908LT Capelle aan den IJssel Netherlands Registration number: 24001525 date of issue: 2009-08-10 Starting date: 2009-08-10

Bank details

Accounts

ABN Amro Bank NV Account number: NL59RBOS0502815345 BIC: ABNANL2A

Real Estate

Details operative address

Surface area: 17378 m2 Purpose: Office function Construction year: 1990 Status: Building in use Under investigation: No

Management

Active management

F. Terol Lobelle Francisco Netherlands Competence: Jointly authorized Function: Manager Starting date: 2013-12-18 Date of birth: 1972-07-17, Rotterdam, NL Involved with the following companies: Noton B.V. Cypresbaan 63 2908LT CAPELLE AAN DEN IJSSEL Netherlands Registration number: 32040187 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 J. Quant Johannes Netherlands Competence: Jointly authorized Function: Manager Starting date: 2015-09-01 Date of birth: 1954-10-26, Alkmaar, NL Involved with the following companies: Eriks Onroerend Goed B.V. Toermalijnstraat 5 1812RL ALKMAAR Netherlands Registration number: 37046811 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Proxy Starting date: 2009-06-01 Van Eyle & Ruygers Schwartz B.V. Sevillaweg 75 3047AL ROTTERDAM Netherlands Registration number: 24046420 Status: Dissolved Function: Manager Starting date: 2005-07-01 F.H. Stasse Franciscus Hubertus Netherlands Competence: Jointly authorized Function: Manager Starting date: 2015-09-01 Date of birth: 1954-07-11, Amsterdam, NL Involved with the following companies: Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 Eriks Aandrijftechniek B.V. Albert Einsteinweg 8 6045 GX Roermond Netherlands Registration number: 13033432 Status: Dissolved Function: General Director Starting date: 2005-01-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Proxy Starting date: 2012-06-01 V.J.H. Geerdink Vincentius Jeroen Henk Netherlands Competence: Jointly authorized Function: Manager Starting date: 2016-06-15 Date of birth: 1956-08-26, Hengelo (O), NL Involved with the following companies: Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2016-06-15 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Financieel Manager Starting date: 2015-12-07 V.J.H. Geerdink Vincentius Jeroen Henk Netherlands Competence: Limited authorization Function: Financieel Manager Starting date: 2015-12-07 Date of birth: 1956-08-26, Hengelo (O), NL Involved with the following companies: Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2016-06-15 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Financieel Manager Starting date: 2015-12-07 J. Berkhout Johannes Netherlands Competence: Limited authorization Function: Proxy Starting date: 1998-01-01 Date of birth: 1956-01-25, Gouda, NL C.W.P. Zorge Cornelis Willem Pieter Netherlands Competence: Limited authorization Function: Proxy Starting date: 1998-10-01 Date of birth: 1966-07-14, Rotterdam, NL F. Terol Lobelle Francisco Netherlands Competence: Limited authorization Function: Proxy Starting date: 2013-12-18 Date of birth: 1972-07-17, Rotterdam, NL Involved with the following companies: Noton B.V. Cypresbaan 63 2908LT CAPELLE AAN DEN IJSSEL Netherlands Registration number: 32040187 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 C.N. Freije Cornelis Nicolaas Netherlands Competence: Limited authorization Function: Proxy Starting date: 2000-01-01 Date of birth: 1963-01-21, Rotterdam, NL J. Quant Johannes Netherlands Competence: Limited authorization Function: Proxy Starting date: 2013-12-18 Date of birth: 1954-10-26, Alkmaar, NL Involved with the following companies: Eriks Onroerend Goed B.V. Toermalijnstraat 5 1812RL ALKMAAR Netherlands Registration number: 37046811 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Proxy Starting date: 2009-06-01 Van Eyle & Ruygers Schwartz B.V. Sevillaweg 75 3047AL ROTTERDAM Netherlands Registration number: 24046420 Status: Dissolved Function: Manager Starting date: 2005-07-01 E. Kempers - van den Bos Elze Netherlands Competence: Limited authorization Function: Proxy Starting date: 1998-10-01 Date of birth: 1952-08-01, Rotterdam, NL M.J.M. van Lieshout Marcus Jacques Marie Netherlands Competence: Limited authorization Function: Proxy Starting date: 2008-02-01 Date of birth: 1961-05-03, Venlo, NL Involved with the following companies: Noton B.V. Cypresbaan 63 2908LT CAPELLE AAN DEN IJSSEL Netherlands Registration number: 32040187 Function: Proxy Starting date: 2015-09-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Proxy Starting date: 2015-09-01 R. Hantelmann Rob Netherlands Competence: Limited authorization Function: Proxy Starting date: 2011-08-16 Date of birth: 1964-08-28, Rotterdam, NL F.H. Stasse Franciscus Hubertus Netherlands Competence: Limited authorization Function: Proxy Starting date: 2013-12-18 Date of birth: 1954-07-11, Amsterdam, NL Involved with the following companies: Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Manager Starting date: 2015-09-01 Eriks Aandrijftechniek B.V. Albert Einsteinweg 8 6045 GX Roermond Netherlands Registration number: 13033432 Status: Dissolved Function: General Director Starting date: 2005-01-01 Eriks B.V. Toermalijnstraat 5 1812RL Alkmaar Netherlands Registration number: 37050277 Function: Proxy Starting date: 2012-06-01 G. Aardoom Gerrit Netherlands Competence: Limited authorization Function: Proxy Starting date: 2015-09-01 Date of birth: 1959-10-14, Dordrecht, NL Involved with the following companies: Noton B.V. Cypresbaan 63 2908LT CAPELLE AAN DEN IJSSEL Netherlands Registration number: 32040187 Function: Proxy Starting date: 2015-09-01 C. van Veen Christiaan Netherlands Competence: Limited authorization Function: Proxy Starting date: 2015-09-01 Date of birth: 1977-10-18, Lekkerkerk, NL

Employees

Year	2017	2016	2015	2014	2013
Annual		281	293	306	303
Chamber of Commerce	310	310	310	310

Payments

Description

No Complaints

Total	EUR 59.466
	Last quarter	Last year
Average payment period (days)	16	34
Average delay (days)	0	5

Quarter	Volume	Not overdue	1-30	31-60	61-90	91-120	121+
2018 Q1	C	99,00%	1,00%	0,00%	0,00%	0,00%	0,00%
2017 Q4	C	99,00%	1,00%	0,00%	0,00%	0,00%	0,00%
2017 Q3	A	88,00%	12,00%	0,00%	0,00%	0,00%	0,00%
2017 Q2	A	91,00%	9,00%	0,00%	0,00%	0,00%	0,00%
2017 Q1	A	12,00%	49,00%	39,00%	0,00%	0,00%	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)		37			35
Average delay (days)		18			15
Quarter	Not overdue	1-30	31-60	61-90		91-120	121+
2018 Q1	73,00%	21,00%	3,00%	1,00%		1,00%	2,00%
2017 Q4	73,00%	21,00%	3,00%	1,00%		1,00%	2,00%
2017 Q3	61,00%	32,00%	4,00%	2,00%		0,00%	1,00%
2017 Q2	54,00%	38,00%	5,00%	1,00%		0,00%	1,00%
2017 Q1	60,00%	27,00%	6,00%	3,00%		1,00%	3,00%

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	2016	2015	2014	2013	2012
Quick ratio	6,89	6,01	8,14	0,23	0,14
Current ratio	6,89	6,01	8,14	0,23	0,14
Working capital/ balance total	0,13	0,09	0,09	-0,20	-0,49
Equity / balance total	0,98	0,98	0,99	0,74	0,43
Equity / Fixed assets	1,15	1,10	1,10	0,79	0,47
Equity / liabilities	44,09	53,49	76,93	2,87	0,75
Balance total / liabilities	45,09	54,49	77,93	3,87	1,75
Working capital	5.180	11.572.000	11.441.000	-25.421.000	-69.404.000
Equity	38.755	123.449.000	123.318.000	94.902.000	60.850.000
Mutation equity	-99,97	0,11	29,94	55,96	-2,88
Mutation short term liabilities	-99,96	43,98	-95,14	-59,09	-1,59
Summary	The 2016 financial result structure is a postive working captial of 5.180 euro, which is in agreement with 13 % of the total assets of the company. The working capital has diminished with -99.96 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased . The deterioration between 2015 and 2016 has been caused by a current assets reduction and current liabilities increase. The current ratio of the company in 2016 was 6.89. If the current ratio exeeds 3.0, the company may not be using its current assets or its short-term financing facilities efficiently . The quick ratio in 2016 of the company was 6.89. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities. The 2015 financial result structure is a postive working captial of 11.572.000 euro, which is in agreement with 9 % of the total assets of the company. The working capital has increased with 1.15 % compared to previous year. The ratio with respect to the total assets of the company remains unchanged. The improvement between 2014 and 2015 has mainly been caused by a change of the current liabilities. The current ratio of the company in 2015 was 6.01. If the current ratio exeeds 3.0, the company may not be using its current assets or its short-term financing facilities efficiently . The quick ratio in 2015 of the company was 6.01. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

Financial statement

Last annual account	2016
Remark annual account	The financial statements shown in the report relate to the consolidated financial statements of the group.
Type of annual account	Corporate
Annual account	Econosto N.V. Cypresbaan 63 2908LT Capelle aan den IJssel Netherlands Registration number: 24001525

Balance

Year	2016	2015	2014	2013	2012
End date	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Type of annual account	Corporate	Corporate	Corporate	Corporate	Corporate
Financial fixed assets	33.575	111.877.000	111.877.000	120.323.000	130.254.000
Fixed assets	33.575	111.877.000	111.877.000	120.323.000	130.254.000
Total receivables	6.059	13.857.000	13.025.000	7.549.000	11.136.000
Liquid funds		23.000	19.000	47.000	162.000
Current assets	6.059	13.880.000	13.044.000	7.596.000	11.298.000
Total assets	39.634	125.757.000	124.921.000	127.919.000	141.552.000
Issued capital	8.095	8.095.000	8.095.000	8.095.000	8.095.000
Share premium reserve	46.493	46.493.000	46.493.000	46.493.000	11.493.000
Legal and statutory reserve	3.352	-4.064.000	-4.064.000	-4.064.000	-4.064.000
Other reserves	-19.185	72.925.000	72.794.000	44.378.000	45.326.000
Total reserves	30.660	115.354.000	115.223.000	86.807.000	52.755.000
Total equity	38.755	123.449.000	123.318.000	94.902.000	60.850.000
Short term liabilities	879	2.308.000	1.603.000	33.017.000	80.702.000
Total short and long term liabilities	879	2.308.000	1.603.000	33.017.000	80.702.000
Total liabilities	39.634	125.757.000	124.921.000	127.919.000	141.552.000
Summary	The total assets of the company decreased with -99.97 % between 2015 and 2016. Assets reduction is explained by a Net Worth decrease of -99.97 %, and an indebtedness reduction of -99.96 %. In 2016 the assets of the company were 84.71 % composed of fixed assets and 15.29 % by current assets. The assets are being financed by an equity of 97.78 %, and total debt of 2.22 %. The total assets remained the same between 2014 and 2015. The total assets are entirely composed of current assets. In 2015 the assets of the company were 88.96 % composed of fixed assets and 11.04 % by current assets. The assets are being financed by an equity of 98.16 %, and total debt of 1.84 %.

Analysis

Branch (SBI)	Wholesale of fittings, technical supplies etc. (SBI code 46694)
Region	Groot Rotterdam
Summary	In the Netherlands 13324 of the companies are registered with the SBI code 46694 In the region Groot Rotterdam 1591 of the companies are registered with the SBI code 46694 In the Netherlands 242 of the bankrupcties are published within this sector In the region Groot Rotterdam 34 of the bankruptcies 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 Groot Rotterdam is normal
Year	2016	Company	2015	Company	2014
Equity	150.000	38.755	141.931	123.449.000	142.103
Working capital	150.262	5.180	115.647	11.572.000	112.243
Balance total	488.136	39.634	488.552	125.757.000	507.996
Quick ratio	1,23	6,89	1,21	6,01	1,19
Current ratio	1,37	6,89	1,59	6,01	1,61
Equity / balance total	0,40	0,98	0,39	0,98	0,37

Publications

Deposits	08-11-2017: De jaarrekening over 2016 is gepubliceerd. 27-07-2016: De jaarrekening over 2015 is gepubliceerd. 24-07-2015: De jaarrekening over 2014 is gepubliceerd. 02-05-2014: De jaarrekening over 2013 is gepubliceerd. 16-04-2013: De jaarrekening over 2012 is gepubliceerd.
Functions	19-10-2017: Per 07-09-2017 is bestuurder Eric Christiaan Otto uit functie getreden. 19-10-2017: Per 07-09-2017 is gevolmachtigde Eric Christiaan Otto uit functie getreden. 19-09-2017: Per 14-09-2017 is gevolmachtigde Maurice Laurence Roosenschoon uit functie getreden. 19-07-2017: Per 01-07-2017 is gevolmachtigde Maurice Laurence Roosenschoon in functie getreden. 10-07-2017: Per 01-07-2017 is gevolmachtigde Albert Robert Dirk Dros uit functie getreden. 22-08-2016: Per 01-08-2016 is bestuurder Paul Menno Vos uit functie getreden. 22-08-2016: Per 01-08-2016 is gevolmachtigde Paul Menno Vos uit functie getreden. 30-06-2016: Per 15-06-2016 is bestuurder Vincentius Jeroen Henk Geerdink in functie getreden. 08-02-2016: Per 01-02-2016 is bestuurder Eric Christiaan Otto in functie getreden. 08-02-2016: Per 01-02-2016 is bestuurder Menno Robert Jan Peeters uit functie getreden. 08-02-2016: Per 01-02-2016 is gevolmachtigde Eric Christiaan Otto in functie getreden. 08-02-2016: Per 01-02-2016 is gevolmachtigde Menno Robert Jan Peeters uit functie getreden. 31-12-2015: Per 07-12-2015 is gevolmachtigde Vincentius Jeroen Henk Geerdink in functie getreden. 12-11-2015: Per 01-09-2015 is bestuurder Menno Robert Jan Peeters in functie getreden. 12-11-2015: Per 01-09-2015 is bestuurder Johannes Quant in functie getreden. 12-11-2015: Per 01-09-2015 is bestuurder Franciscus Hubertus Stasse in functie getreden. 12-11-2015: Per 01-09-2015 is bestuurder Paul Menno Vos in functie getreden. 12-11-2015: Per 01-09-2015 is bestuurder 24001525 Econosto N.V. uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Christiaan van Veen in functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Gerrit Aardoom in functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Albert Robert Dirk Dros in functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Menno Robert Jan Peeters in functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Franciscus Adrianus Maria Vollering uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Robert Jacques Marie Gerritse uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Cornelis Nicolaas Freije uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Elze Kempers-van den Bos uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Johannes Berkhout uit functie getreden. 12-11-2015: Per 01-09-2015 is gevolmachtigde Hermanus Schot uit functie getreden. 30-09-2014: Per 01-08-2014 is gevolmachtigde Thera Désirée Cazemier-den Braber uit functie getreden. 30-09-2014: Per 01-08-2014 is gevolmachtigde Willem Alexander Cornelis Peels uit functie getreden. 30-09-2014: Per 01-08-2014 is gevolmachtigde Johan Mari de Blois uit functie getreden. 16-06-2014: Per 18-12-2013 is gevolmachtigde Francisco Terol Lobelle in functie getreden. 16-06-2014: Per 18-12-2013 is gevolmachtigde Franciscus Adrianus Maria Vollering in functie getreden. 16-06-2014: Per 18-12-2013 is gevolmachtigde Franciscus Hubertus Stasse in functie getreden. 21-02-2014: Per 23-12-2013 is bestuurder Paul Menno Vos uit functie getreden. 21-02-2014: Per 23-12-2013 is gevolmachtigde Paul Menno Vos in functie getreden. 19-02-2014: Per 18-12-2013 is gevolmachtigde Francisco Terol Lobelle uit functie getreden. 30-01-2014: Per 18-12-2013 is gevolmachtigde Johannes Quant in functie getreden. 23-01-2014: Per 18-12-2013 is bestuurder Francisco Terol Lobelle in functie getreden.
Other	16-06-2014: Per 28-5-2014 is de bevoegdheid van Bestuurder Francisco Terol Lobelle gewijzigd. 29-05-2014: Geplaatst kapitaal gewijzigd in EUR 907.560,00 Gestort kapitaal gewijzigd in EUR 907.560,00. 29-05-2014: Per 28-5-2014 statuten gewijzigd.

Company structure

Relations	123
Company	Registration number
SHV Holdings N.V. (Utrecht)	30065974
| - - SHV Nederland B.V. (Utrecht)	30048815
| - - | - - Dyas Holdings B.V. (UTRECHT)	69855188
| - - | - - NPM Capital N.V. (Amsterdam)	33071274
| - - | - - | - - NPM Investments XVIII B.V. (AMSTERDAM)	69798788
| - - | - - | - - NPM Investments XIII B.V. (AMSTERDAM)	69798648
| - - | - - | - - NPM Investments XVII B.V. (AMSTERDAM)	69798613
| - - | - - | - - NPM Investments XV B.V. (AMSTERDAM)	69798605
| - - | - - | - - NPM Investments XVI B.V. (AMSTERDAM)	69798567
| - - | - - | - - NPM Investments XIV B.V. (AMSTERDAM)	69798478
| - - | - - | - - Neerlands Glorie Holding B.V. (AMSTERDAM)	53870581
| - - | - - | - - NPM Investments XII B.V. (AMSTERDAM)	65470524
| - - | - - | - - NPM Investments XI B.V. (AMSTERDAM)	65470508
| - - | - - | - - NPM Investments X B.V. (AMSTERDAM)	65470494
| - - | - - | - - NPM Investments IX B.V. (AMSTERDAM)	65470478
| - - | - - | - - Elsona Investments B.V. (AMSTERDAM)	16074285
| - - | - - | - - NPM Investments VIII B.V. (Amsterdam)	63855518
| - - | - - | - - NPM Investments IV B.V. (AMSTERDAM)	63854465
| - - | - - | - - NPM Investments II B.V. (Amsterdam)	61865710
| - - | - - | - - NPM Investments III B.V. (AMSTERDAM)	62190652
| - - | - - | - - Landstones B.V. (Amsterdam)	34314954
| - - | - - | - - | - - Landstones Giessen B.V. (AMSTERDAM)	18109575
| - - | - - | - - NPM International N.V. (AMSTERDAM)	33218469
| - - | - - | - - NPM Healthcare Holding B.V. (AMSTERDAM)	34303393
| - - | - - | - - | - - NL Healthcare B.V. (AMSTERDAM)	51939592
| - - | - - | - - | - - | - - NL Healthcare Clinics B.V. (Amersfoort)	59167351
| - - | - - | - - | - - | - - | - - Oogziekenhuis Zonnestraal Holding B.V.(Amersfoort)	32115672
| - - | - - | - - | - - | - - | - - | - - Oogcentrum Haarlem B.V. (Haarlem)	34079498
| - - | - - | - - | - - | - - | - - | - - Oogheelkunde Zonnestraal B.V. (Hilversum)	32101788
| - - | - - | - - | - - | - - | - - Dermicis Holding B.V. (HAARLEM)	34372561
| - - | - - | - - | - - | - - | - - | - - Dermicis Alkmaar B.V. (ALKMAAR)	34386043
| - - | - - | - - | - - | - - | - - | - - Dermicis Haarlem B.V. (HAARLEM)	32128059
| - - | - - | - - | - - | - - | - - | - - Dermicis Doetinchem B.V. (DOETINCHEM)	53092988
| - - | - - | - - Wielco B.V. (Utrecht)	34253842
| - - | - - | - - | - - Medux B.V. (Utrecht)	52852679
| - - | - - | - - | - - | - - Medipoint B.V. (Utrecht)	01164181
| - - | - - | - - | - - | - - | - - Atlas Revalidatie Techniek B.V. (Ravenstein)	16089370
| - - | - - | - - | - - | - - | - - Ligtvoet B.V. (Utrecht)	17050264
| - - | - - | - - | - - | - - | - - EmCart Thuiszorg Uitleen B.V. (Utrecht)	41235573
| - - | - - | - - | - - | - - Vitalis Nederland B.V. (Drachten)	01057582
| - - | - - | - - | - - | - - EmCart B.V. (Utrecht)	36051388
| - - | - - | - - | - - | - - Eureva B.V. (HELMOND)	27157730
| - - | - - | - - | - - | - - Harting-Bank B.V. (Utrecht)	30000130
| - - | - - | - - | - - | - - | - - MHG B.V. (Utrecht)	24195831
| - - | - - | - - | - - | - - | - - | - - Dyna Products B.V. (DORDRECHT)	24319671
| - - | - - | - - | - - | - - Duxxie Netherlands B.V. (UTRECHT)	67263194
| - - | - - | - - | - - | - - Duxxie Technologies B.V. (UTRECHT)	67263186
| - - | - - | - - | - - | - - Digital Angel IP B.V. (UTRECHT)	68052634
| - - | - - | - - | - - | - - Digital Angel Netherlands B.V. (UTRECHT)	68052626
| - - | - - | - - | - - | - - Wielco Verhuur B.V. (Utrecht)	50131753
| - - | - - | - - Landstones Holding B.V. (AMSTERDAM)	34369621
| - - | - - | - - | - - Landstones Rucphen Deventer B.V. (AMSTERDAM)	34370517
| - - | - - SHV Finance B.V. (Utrecht)	34235025
| - - | - - Nutreco N.V. (Amersfoort)	16074305
| - - | - - | - - Nutreco Chile Holding B.V. (BOXMEER)	56544340
| - - | - - | - - Nutreco Nederland B.V. (Boxmeer)	16058721
| - - | - - | - - | - - Sloten B.V. (Deventer)	38024128
| - - | - - | - - | - - Trouw Nutrition Hifeed B.V. (Boxmeer)	38021507
| - - | - - | - - | - - Trouw Nutrition Nederland B.V. (Putten)	08013919
| - - | - - | - - | - - Selko B.V. (Tilburg)	18025624
| - - | - - | - - Nutreco International B.V. (Boxmeer)	16074327
| - - | - - | - - | - - Nutreco Investments B.V. (AMERSFOORT)	53219716
| - - | - - | - - | - - Trouw Nutrition International B.V. (Putten)	08118433
| - - | - - | - - | - - Nutreco Asia Support B.V. (Amersfoort)	32143371
| - - | - - | - - | - - Nutritional Ingredients B.V. (Amersfoort)	32136257
| - - | - - | - - | - - Nutreco Brasil B.V. (Boxmeer)	17263185
| - - | - - | - - | - - Nutreco Procurement B.V. (Boxmeer)	17221186
| - - | - - | - - | - - Trouw Nutrition Russia B.V. (Boxmeer)	17190366
| - - | - - | - - | - - Nutreco Africa B.V. (Boxmeer)	61481173
| - - | - - | - - | - - Nutreco IP Assets B.V. (Boxmeer)	16054174
| - - | - - Beheermaatschappij Trajectum B.V. (Utrecht)	30218709
| - - | - - | - - Mammoet Holding B.V. (UTRECHT)	30105738
| - - | - - | - - | - - Mammoet Finance B.V. (UTRECHT)	30121338
| - - | - - | - - | - - | - - MAC 2 B.V. (UTRECHT)	51619350
| - - | - - | - - | - - | - - MAC 1 B.V. (UTRECHT)	51619040
| - - | - - | - - | - - | - - Mammoet Global Assets B.V. (UTRECHT)	20081904
| - - | - - | - - | - - | - - Mammoet America North Holding B.V. (UTRECHT)	20039661
| - - | - - | - - | - - | - - Combinatie Mobiele Kranen "C.M.K."-Mammoth Gulf B.V.(UTRECHT)	20026445
| - - | - - | - - | - - | - - Mammoet Europe Holding B.V. (Schiedam)	33129474
| - - | - - | - - | - - | - - | - - M-Shipping B.V. (Schiedam)	02323554
| - - | - - | - - | - - | - - | - - Mammoet Heavy Duty Pavements B.V. (Schiedam)	63161753
| - - | - - | - - | - - | - - | - - Mammoet Montage B.V. (Etten-Leur)	30140826
| - - | - - | - - | - - | - - | - - Mammoet Maritime B.V. (SCHIEDAM)	02076382
| - - | - - | - - | - - | - - | - - Mammoet Nederland B.V. (Schiedam)	20007052
| - - | - - | - - | - - | - - | - - Mammoet Europe B.V. (Schiedam)	33275222
| - - | - - | - - | - - | - - | - - | - - Sucof B.V. (UTRECHT)	64661709
| - - | - - | - - | - - | - - | - - Mammoet Merchandise B.V. (Schiedam)	33275046
| - - | - - | - - | - - | - - Mammoet Asia Holding B.V. (UTRECHT)	33297888
| - - | - - | - - | - - | - - | - - Mammoet India B.V. (Schiedam)	24251296
| - - | - - | - - | - - | - - Mammoet Salvage B.V. (SCHIEDAM)	24391974
| - - | - - | - - | - - | - - Mammoet Caspian B.V. (Schiedam)	24341728
| - - | - - | - - | - - | - - Mammoet America South Holding B.V. (UTRECHT)	30144679
| - - | - - | - - | - - | - - Mammoet Global Holding B.V. (Utrecht)	59473789
| - - | - - | - - | - - | - - | - - Mammoet Engineering B.V. (Schiedam)	34033279
| - - | - - | - - | - - | - - | - - Mammoet Equipment B.V. (UTRECHT)	30171635
| - - | - - | - - | - - | - - | - - Mammoet Decom B.V. (Schiedam)	29038288
| - - | - - | - - | - - | - - | - - Mammoet Global Support B.V. (Utrecht)	59486244
| - - | - - | - - | - - | - - | - - Mammoet Global Projects B.V. (Utrecht)	59482214
| - - | - - | - - | - - | - - | - - | - - Suhtummam B.V. (SCHIEDAM)	63161842
| - - | - - | - - | - - Intramar B.V. (UTRECHT)	30048701
| - - | - - Eriks International B.V. (UTRECHT)	30264522
| - - | - - | - - ERIKS N.V. (Utrecht)	37013289
| - - | - - | - - | - - Eriks B.V. (Alkmaar)	37050277
| - - | - - | - - | - - | - - Elastomer Research Testing B.V. (Deventer)	08117577
| - - | - - | - - | - - | - - Econosto Nederland B.V. (Capelle aan den IJssel)	24227439
| - - | - - | - - | - - | - - Noton B.V. (CAPELLE AAN DEN IJSSEL)	32040187
| - - | - - | - - | - - Eriks Onroerend Goed B.V. (ALKMAAR)	37046811
| - - | - - | - - | - - Econosto N.V. (Capelle aan den IJssel)	24001525
| - - | - - | - - | - - | - - Econosto International Holding B.V. (CAPELLE AAN DEN IJSSEL)	24186754
| - - | - - | - - | - - | - - | - - Econosto Mideast B.V. (CAPELLE AAN DEN IJSSEL)	24157531
| - - | - - | - - | - - | - - Econosto Nederland Holding B.V. (CAPELLE AAN DEN IJSSEL)	24227441
| - - | - - | - - | - - | - - | - - Econosto International B.V. (CAPELLE AAN DEN IJSSEL)	24156585
| - - | - - | - - | - - Eriks Holding Switzerland B.V. (UTRECHT)	60101342
| - - | - - | - - | - - Zamro B.V. (AMSTERDAM)	65316673
| - - | - - Dyas B.V. (Utrecht)	30108055
| - - | - - | - - Dyas Malaysia Holdings B.V. (UTRECHT)	64684156
| - - | - - | - - | - - Dyas Sarawak B.V. (UTRECHT)	64686248
| - - | - - | - - | - - Dyas Sabah B.V. (UTRECHT)	64686175
| - - | - - | - - | - - Dyas PM B.V. (UTRECHT)	64686159
| - - | - - | - - Dyas Infrastructure B.V. (Utrecht)	30221313
| - - | - - | - - Dyas Tunisia B.V. (UTRECHT)	30278663
| - - | - - | - - Dyas Colombia B.V. (UTRECHT)	30239327
| - - | - - The Clean Energy Company B.V. (HOOFDDORP)	30225725

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.53
UK Pound	1	INR 86.05
Euro	1	INR 76.53
Euro	1	INR 77.49

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	TRU

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.