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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486924

Report Date :

17.01.2018

 

IDENTIFICATION DETAILS

 

Name :

HOLLAND COLOURS EUROPE B.V.

 

 

Registered Office :

Halvemaanweg 1 7323RW Apeldoorn

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

30.03.1979

 

 

Com. Reg. No.:

KvK-nummer: 08034922

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Manufacture of dyes and pigments.

 

 

No. of Employees :

129

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd 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

(30.06.2017)

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

 

Company name and Summary

 

Company name

Holland Colours Europe B.V.

Operative address

Halvemaanweg 1
7323RW Apeldoorn
Netherlands

Status

Active

Specification

This company can meet all its obligations.

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 08034922

VAT-number

004812153

European VAT-number

NL004812153B01

Year

2017

Mutation

2016

Mutation

2015

Fixed assets

19.315.000

12,46 

17.175.000

-4,23 

17.934.000

Total receivables

13.624.000

2,01 

13.356.000

-13,46 

15.434.000

Total equity

35.882.000

11,99 

32.041.000

4,51 

30.659.000

Short term liabilities

12.260.000

11,04 

11.041.000

-15,30 

13.035.000

Net result

5.180.000

43,21 

3.617.000

5,02 

3.444.000

Working capital

17.831.000

4,49 

17.064.000

10,26 

15.476.000

Quick ratio

1,75

-3,85 

1,82

14,47 

1,59

 

 

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Contact information

 

Company name

Holland Colours Europe B.V.

Trade names

Holland Colours Europe B.V.

Operative address

Halvemaanweg 1
7323RW Apeldoorn
Netherlands

Correspondence address

Postbus 720
7300AS Apeldoorn
Netherlands

 

Telephone number

0553663143

Fax number

0553662981

Email address

info@hollandcolours.com

Website

www.hollandcolours.com

 

 

Registration

 

Registration number

KvK-nummer: 08034922

Branch number

000017538122

VAT-number

004812153

European VAT-number

NL004812153B01

Status

Active

First registration company register

1979-03-30

Memorandum

1979-03-30

Establishment date

1979-03-30

 

Legal form

Private Limited Company

Last proposed admendment

2013-08-07

Issued placed capital

EUR 1.462.500

Paid up share capital

EUR 1.462.500

 

 

Activities

 

SBI

2012: Manufacture of dyes and pigments

Exporter

Yes

Importer

Yes

 

Goal

A. Het (doen) produceren en (doen) verhandelen van chemische producten import en export daaronder begrepen; B. Het (doen) verstrekken van adviezen op het gebied van management en/of engineering en/of organisatiesystemen.

 

 

Relations

 

Shareholders

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Percentage: 100%

Companies on same address

Emco Belegging Nederland B.V.
Registration number: 08046966

 

Gebroeders A. & R. Beheer B.V.
Registration number: 08081101

 

Gerrin Holding B.V.
Registration number: 08081102

 

Holland Colours N.V.
Registration number: 08036180

 

Holland Pigments B.V.
Registration number: 08046208

 

Pool Pigments B.V.
Registration number: 08092357

 

Rob & C. Holding B.V.
Registration number: 08081103

 

Stichting Administratiekantoor Aandelen Emco B.V.
Registration number: 41207968

 

FAEVS Holding B.V.
Registration number: 56955650

 

Stichting Continuïteit Holland Pigments
Registration number: 58555080

 

Liability statements

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
date of issue: 1994-07-06
Starting date: 1994-01-01

 

 

Real Estate

 

Details operative address

Surface area: 4435 m2
Purpose: Other functions
Construction year: 1991
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

M.G. Kleinsman Maria Gezina
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2014-11-01
Date of birth: 1963-10-24, Haaksbergen, NL
Involved with the following companies:

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Function: Manager
Starting date: 2014-11-01

 

R. Harmsen Robert
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2017-06-01
Date of birth: 1957-09-13, Arnhem, NL
Involved with the following companies:

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Function: General Director
Starting date: 2012-01-05

 

G.J. Luiten Gerrit Jan
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-11-01
Date of birth: 1962-05-26, Haarlemmermeer, NL
Involved with the following companies:

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Function: Proxy
Starting date: 2011-11-01

 

W.J. van Essen Willem Jan
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-11-01
Date of birth: 1977-05-10, Apeldoorn, NL
Involved with the following companies:

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Function: Proxy
Starting date: 2011-11-01

 

J.C. van Vliet Johannes Cornelis
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-10-19
Date of birth: 1957-10-30, Rotterdam, NL
Involved with the following companies:

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180
Function: Proxy
Starting date: 2013-10-19

 

E. Gerritsen Eelco
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1999-11-01
Date of birth: 1971-10-13, Hengelo (Gld), NL

 

S.L.G. Tirmarche Sylvie Laure Gabrielle
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2001-12-01
Date of birth: 1971-01-02, Cucq-Trépied, FR

 

A.A.M. Steenwoerd - Vollering Adriana Antonia Maria
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2001-12-01
Date of birth: 1962-05-08, Epe, NL

 

S. Popping - Jongsma Sara
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2002-02-01
Date of birth: 1969-06-14, Haskerland, NL

 

P. Weulen Kranenbarg Pascal
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2002-03-01
Date of birth: 1974-10-10, Ruurlo, NL

 

S.A. van Asselt Stijn Arjen
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2002-04-01
Date of birth: 1976-10-19, Apeldoorn, NL

 

W. Koldenhof Wouter
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2004-07-15
Date of birth: 1973-09-13, Apeldoorn, NL

 

M.K. Edwards Mark Keir
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-08-01
Date of birth: 1966-11-10, Aberdeen, GB

 

T. Chiang Tunghai
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-08-15
Date of birth: 1964-09-13, Tainan, TW

 

R.P. Jongman Raymond Patrick
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-07-01
Date of birth: 1975-05-13, Enschede, NL

 

W.A. Grob Wilfried Albertus
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-07-01
Date of birth: 1967-07-17, Herwen en Aerdt, NL

 

 

Employees

 

Year

2017

2015

2014

2007

1993

Chamber of Commerce

129

129

129

91

91

 

 

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Payments

 

Description

Payments made under regular condition

 

Payments within industry

Last quarter

Last year

Average payment period (days)

39

45

Average delay (days)

16

20

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

52,00%

32,00%

6,00%

2,00%

2,00%

7,00%

2017 Q4

52,00%

32,00%

6,00%

2,00%

2,00%

7,00%

2017 Q3

58,00%

34,00%

5,00%

1,00%

1,00%

2,00%

2017 Q2

61,00%

34,00%

2,00%

1,00%

0,00%

1,00%

2017 Q1

51,00%

36,00%

4,00%

2,00%

1,00%

6,00%

 

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

1,75

1,82

1,59

1,62

1,44

Current ratio

2,45

2,55

2,19

2,37

2,20

Working capital/ balance total

0,36

0,38

0,33

0,34

0,32

Equity / balance total

0,73

0,71

0,66

0,64

0,61

Equity / Fixed assets

1,86

1,87

1,71

1,54

1,46

Equity / liabilities

2,65

2,42

1,95

1,81

1,57

Balance total / liabilities

3,65

3,42

2,95

2,82

2,58

Working capital

17.831.000

17.064.000

15.476.000

13.586.000

12.985.000

Equity

35.882.000

32.041.000

30.659.000

25.891.000

24.925.000

Mutation equity

11,99

4,51

18,42

3,88

11,07

Mutation short term liabilities

11,04

-15,30

31,85

-8,40

-15,29

Return on total assets (ROA)

14,35

12,40

10,89

12,79

11,00

Return on equity (ROE)

19,76

17,52

16,49

19,89

18,04

Gross profit margin

9,33

7,80

7,79

8,18

7,41

Net profit margin

6,69

4,91

5,05

5,36

4,43

Average collection ratio

6,32

6,68

5,24

6,67

6,11

Average payment ratio

5,69

5,52

4,42

5,13

4,70

Equity turnover ratio

2,16

2,30

2,23

2,55

2,64

Total assets turnover ratio

1,57

1,63

1,47

1,64

1,61

Fixed assets turnover ratio

4,01

4,29

3,81

3,92

3,85

Inventory conversion ratio

8,91

9,27

8,78

8,88

8,05

Turnover

77.485.000

73.732.000

68.246.000

65.950.000

65.904.000

Operating result

7.234.000

5.748.000

5.317.000

5.393.000

4.883.000

Net result after taxes

5.180.000

3.617.000

3.444.000

3.536.000

2.922.000

Gross profit

68.246.000

EBIT

7.234.000

5.748.000

5.317.000

5.393.000

4.883.000

EBITDA

9.136.000

Summary

The 2017 financial result structure is a postive working captial of 17.831.000 euro, which is in agreement with 36 % of the total assets of the company.
The working capital has increase with 4.49 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.
The improvement between 2016 and 2017 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2017 was 2.45. 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 1.75. 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 17.064.000 euro, which is in agreement with 38 % of the total assets of the company.
The working capital has increased with 10.26 % 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 2.55. 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 1.82. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

 

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Financial statement

 

Last annual account

2017

Remark annual account

The financial statements shown in the report relate to the consolidated financial statements of the group.

Type of annual account

Consolidated

Annual account

Holland Colours N.V.
Halvemaanweg 1
7323RW Apeldoorn
Netherlands
Registration number: 08036180

 

 

Balance

 

Year

2017

2016

2015

2014

2013

End date

2017-03-31

2016-03-31

2015-03-31

2014-03-31

2013-03-31

Type of annual account

Consol.

Consol.

Consol.

Consol.

Consol.

Intangible fixed assets

437.000

376.000

363.000

303.000

327.000

Real estate

16.705.000

Tangible fixed assets

16.705.000

14.940.000

15.139.000

14.345.000

14.292.000

Other financial fixed assets

2.173.000

Financial fixed assets

2.173.000

1.859.000

2.432.000

2.165.000

2.499.000

Fixed assets

19.315.000

17.175.000

17.934.000

16.813.000

17.118.000

Total stock

8.695.000

7.958.000

7.772.000

7.425.000

8.189.000

Accounts receivable

13.662.000

11.246.000

12.114.000

Other receivables

13.624.000

1.772.000

1.618.000

1.895.000

Total receivables

13.624.000

13.356.000

15.434.000

12.864.000

14.009.000

Liquid funds

7.515.000

6.791.000

5.305.000

3.183.000

1.580.000

Other current assets

258.000

accruals

-1.000

Current assets

30.091.000

28.105.000

28.511.000

23.472.000

23.778.000

Total assets

49.406.000

45.280.000

46.445.000

40.285.000

40.896.000

Other reserves

4.026.000

Non-distributable profit

31.849.000

Total reserves

35.875.000

Minority interests

7.000

16.000

43.000

96.000

135.000

Total equity

35.882.000

32.041.000

30.659.000

25.891.000

24.925.000

Provisions

58.000

Long term interest yielding debt

2.182.000

2.708.000

4.354.000

5.043.000

Other long term liabilities

1.264.000

Long term liabilities

1.264.000

2.182.000

2.708.000

4.354.000

5.043.000

Accounts payable

6.163.000

4.920.000

6.541.000

Other short term liabilities

12.260.000

6.872.000

4.966.000

4.252.000

Short term liabilities

12.260.000

11.041.000

13.035.000

9.886.000

10.793.000

Total short and long term liabilities

13.524.000

13.223.000

15.743.000

14.298.000

15.836.000

Total liabilities

49.406.000

45.280.000

46.445.000

40.285.000

40.896.000

Summary

The total assets of the company increased with 9.11 % between 2016 and 2017.
The total asset increase is retrievable in the fixed asset growth of 12.46 %.
The asset growth has mainly been financed by a Net Worth increase of 11.99 %. Debt, however, grew with 2.28 %.
In 2017 the assets of the company were 39.09 % composed of fixed assets and 60.91 % by current assets. The assets are being financed by an equity of 72.63 %, and total debt of 27.37 %.

The total assets of the company decreased with -2.51 % between 2015 and 2016.
This downturn is mainly retrievable in the fixed asset decrease of -4.23 %.
The asset reduction is in contrast with the equity growth of 4.51 %. Due to this the total debt decreased with -16.01 %.
In 2016 the assets of the company were 37.93 % composed of fixed assets and 62.07 % by current assets. The assets are being financed by an equity of 70.76 %, and total debt of 29.24 %.

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Profit and loss

 

Year

2017

2016

2015

2014

2013

Revenues

73.790.000

68.294.000

65.906.000

65.838.000

Other operating income

58.000

48.000

-44.000

-66.000

Net turnover

77.485.000

73.732.000

68.246.000

65.950.000

65.904.000

Cost of sales

39.437.000

Gross margin

38.048.000

Extra operating income

38.000

Wages and salaries

17.700.000

Amorization and depreciation

1.902.000

other operating costs

11.251.000

Changes in inventories of finished goods and work in progress

58.000

-44.000

-66.000

Operating expenses

30.853.000

68.042.000

62.977.000

60.513.000

60.955.000

Operating result

7.233.000

5.748.000

5.317.000

5.393.000

4.883.000

Financial income

47.000

156.000

87.000

69.000

22.000

Financial expenses

190.000

289.000

347.000

311.000

408.000

Financial result

-143.000

-133.000

-260.000

-242.000

-386.000

Result on ordinary operations before taxes

7.090.000

5.615.000

5.057.000

5.151.000

4.497.000

Taxation on the result of ordinary activities

1.699.000

1.998.000

1.613.000

1.615.000

1.575.000

Result of ordinary activities after taxes

5.391.000

3.617.000

3.444.000

3.536.000

2.922.000

Extraordinary expense

-211.000

Extraordinary result before taxation

-211.000

Extraordinary result after taxation

-211.000

Net result

5.180.000

3.617.000

3.444.000

3.536.000

2.922.000

Attributable to shareholders

5.180.000

Summary

The turnover of the company grew with 5.09 % between 2016 and 2017.
The operating result of the company grew with 25.85 % between 2016 and 2017. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 15.73 % of the analysed period, being equal to 14.35 in the year 2017.
Despite the growth the assets turnover decreased, whose index evolved with -3.68 % to a level of 1.57.
The Net Result of the company increased by 43.21 % between 2016 and 2017.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of 12.79 % of the analysed period, being 19.76 in the year 2017.
The company's financial structure has slowed down its financial profitability.

The turnover of the company grew with 8.04 % between 2015 and 2016.
The operating result of the company grew with 8.11 % between 2015 and 2016. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 13.87 % of the analysed period, being equal to 12.4 in the year 2016.
This growth has contributed to the increase in assets turnover, increasing by 10.88 % reaching 1.63.
The Net Result of the company increased by 5.02 % 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 6.25 % of the analysed period, being 17.52 in the year 2016.
The company's financial structure has slowed down its financial profitability.

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Analysis

 

Branch (SBI)

Manufacture of dyes and pigments (SBI code 2012)

Region

Veluwe

Summary

In the Netherlands 1699 of the companies are registered with the SBI code 2012
In the region Veluwe 60 of the companies are registered with the SBI code 2012
In the Netherlands 29 of the bankrupcties are published within this sector
In the region Veluwe 2 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 Veluwe is normal

Year

2017

Company

2016

Company

2015

Equity

479.633

35.882.000 

508.381

32.041.000 

430.951

Working capital

197.836

17.831.000 

137.846

17.064.000 

114.214

Balance total

1.261.783

49.406.000 

1.538.614

45.280.000 

1.672.887

Quick ratio

1,17

1,75 

1,06

1,82 

1,02

Current ratio

1,31

2,45 

1,46

2,55 

1,41

Equity / balance total

0,49

0,73 

0,45

0,71 

0,44

Turnover

39.886.652

77.485.000 

35.133.052

73.732.000 

18.016.852

Net result

1.648.615

5.180.000 

514.185

3.617.000 

362.507

 

 

Publications

 

Consent statements

30-05-2017: Voor boekjaar 2018 is een instemmingsverklaring gedeponeerd.
09-05-2016: Voor boekjaar 2017 is een instemmingsverklaring gedeponeerd.
14-04-2015: Voor boekjaar 2016 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2013 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd.
08-04-2014: Voor boekjaar 2015 is een instemmingsverklaring gedeponeerd.

Functions

22-06-2017: Per 01-06-2017 is gevolmachtigde Robert Harmsen uit functie getreden.
08-06-2017: Per 02-06-2017 is gevolmachtigde Maria Johanna van Aartrijk-Strootman uit functie getreden.
02-06-2017: Per 01-06-2017 is bestuurder Robert Harmsen in functie getreden.
02-06-2017: Per 01-06-2017 is bestuurder Robert Paul Karrenbeld uit functie getreden.
02-07-2015: Per 01-07-2015 is gevolmachtigde Maroesja Selena Klomp uit functie getreden.
02-07-2015: Per 01-07-2015 is gevolmachtigde Wilfried Albertus Grob in functie getreden.
02-07-2015: Per 01-07-2015 is gevolmachtigde Raymond Patrick Jongman in functie getreden.
28-11-2014: Per 01-11-2014 is gevolmachtigde Maria Gezina Wielens-Kleinsman in functie getreden.
28-11-2014: Per 01-11-2014 is gevolmachtigde Marco Michel Kok uit functie getreden.
28-11-2014: Per 01-06-2014 is gevolmachtigde Hendrik Marinus Jacobs uit functie getreden.

 

 

Company structure

 

Relations

2

Company

Registration number

Holland Colours N.V. (Apeldoorn)

08036180  

| - - Holland Colours Europe B.V. (Apeldoorn)

08034922  

 

 

Disclaimer

 

THE REPORT HAS BEEN COMPILED AS CAREFULLY AS POSSIBLE. ANY INACCURACIES ARE BEYOND OUR RESPONSIBILITY. THE GENERAL CONDITIONS ARE APPLICABLE TO THIS PRODUCT.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.76

UK Pound

1

INR 87.91

Euro

1

INR 78.20

EURO

1

INR 78.16

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

DNS

 

 

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.