MIRA INFORM REPORT

Report No. :	488165
Report Date :	29.01.2018

IDENTIFICATION DETAILS

Name :	NETHERLANDS GLASS INVESTMENT B.V.
Registered Office :	Prins Bernhardplein 200 1097JB Amsterdam
Country :	Netherlands
Financials (as on) :	31.12.2016
Date of Incorporation :	20.03.2013
Com. Reg. No.:	KvK-nummer: 57517584
Legal Form :	Private Limited Company
Line of Business :	Subject is engaged in holding and financing activities.
No. of Employees :	Not Available

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 :	Slow but Correct
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 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

Company name and Summary

Company name	Netherlands Glass Investment B.V.
Operative address	Prins Bernhardplein 200 1097JB Amsterdam Netherlands
Status	Active

Legal form	Private Limited Company
Registration number	KvK-nummer: 57517584
VAT-number	852616132
European VAT-number	NL852616132B01
Year	2016	Mutation	2015	Mutation	2014
Fixed assets	42.082.469	20,79	34.839.437	138,21	14.625.457
Total receivables	108.394
Total equity	14.522.245	-1,04	14.674.414	519,63	2.368.240
Short term liabilities			41.564	132,75	17.858
Working capital	108.394	-34,93	166.572	35.768,52	-467
Quick ratio			5,01	416,49	0,97

Contact information

Company name	Netherlands Glass Investment B.V.
Trade names	Netherlands Glass Investment B.V.
Operative address	Prins Bernhardplein 200 1097JB Amsterdam Netherlands
Correspondence address	Postbus 990 1000AZ Amsterdam Netherlands

Telephone number	0205214777
Fax number	0205214888

Registration

Registration number	KvK-nummer: 57517584
Branch number	000026953501
VAT-number	852616132
European VAT-number	NL852616132B01
Status	Active
First registration company register	2013-03-21
Memorandum	2013-03-20
Establishment date	2013-03-20

Legal form	Private Limited Company
Last proposed admendment	2014-02-25
Issued placed capital	EUR 1
Paid up share capital	EUR 1

Activities

SBI	6420: Financial holding
Exporter	No
Importer	No

Goal	Houdster- en financieringsactiviteiten

Relations

Shareholders	SGD Group S.A.S. 14 bis, Terrasse Bellini 92800 Puteaux France Percentage: 100%
Shareholders	Naam: SGD Group S.A.S. Bezoekadres: 14 bis, Terrasse Bellini, 92800 Puteaux, Frankrijk Ingeschreven in: Registre du commerce Nanterre, Frankrijk onder nummer 494163876RCS Enig aandeelhouder sedert: 13-05-2015 (datum registratie: 18-05-2015)
Companies on same address (number)	3115

Real Estate

Details operative address

Surface area: 1 m2 Purpose: Office function Construction year: 1991 Status: Building in use Under investigation: No

Management

Active management

H.J. Witsenburg Hendrik Jan Netherlands Competence: Jointly authorized Function: Manager Starting date: 2017-08-02 Date of birth: 1974-03-24, Hengelo (O), NL Involved with the following companies: Brand Energy Holdings B.V. George Stephensonweg 15 3133KJ VLAARDINGEN Netherlands Registration number: 59001712 Function: Manager Starting date: 2014-03-03 Bullseye International Holdings (Netherlands) Cooperatief U.A. George Stephensonweg 15 3133KJ VLAARDINGEN Netherlands Registration number: 58985719 Function: Manager Starting date: 2014-01-31 Pinafore Holdings B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 50729705 Status: Dissolved Function: Manager Starting date: 2014-07-03 M4 Global Solutions Holding B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 59825332 Function: Manager Starting date: 2014-01-24 Omaha Acquiror B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 60509155 Function: Manager Starting date: 2014-04-18 LG Windward B.V. 41 River Terr 2602 NEW YORK, NY 10282-1123 Registration number: 54154391 Status: Dissolved Function: Manager Starting date: 2015-02-06 Symmetry Surgical Netherlands B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 56541090 Function: Manager Starting date: 2015-02-12 LG Amsterdam Holdings Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63002299 Function: Manager Starting date: 2015-03-31 Sanchez Oil & Gas B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63547317 Function: Manager Starting date: 2015-06-16 Sanchez Oil & Gas Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63546175 Function: Manager Starting date: 2015-06-16 East West Manufacturing Netherlands B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63869322 Function: Manager Starting date: 2015-08-05 PX Capital Partners B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 27259068 Function: Manager Starting date: 2015-05-05 ENR Partners Cooperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 64586839 Function: Manager Starting date: 2015-11-19 MBAC International Finance B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 34318694 Function: Manager Starting date: 2013-07-31 M4 Global Solutions Holding Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 59823585 Function: Manager Starting date: 2014-01-24 Lumentum Netherlands B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63043076 Function: Manager Starting date: 2015-04-03 Printpack Global Holding Coöperatie U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 58983996 Function: Manager Starting date: 2015-04-08 East West Manufacturing Netherlands Coöperatief U.A. Prins Bernhardplein 200 AMSTERDAM 1097JB AMSTERDAM Netherlands Registration number: 63864681 Function: Manager Starting date: 2015-08-04 Cabot Microelectronics B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 60786647 Function: Manager Starting date: 2014-06-02 Krause Global B.V. Beursplein 37 RUIMTE504 3011AA ROTTERDAM Netherlands Registration number: 61316008 Function: Manager Starting date: 2015-02-02 Metaldyne Netherlands Sintered Holdings B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 34268858 Function: Manager Starting date: 2016-04-22 Sargeant Marine Coöperatief U.A. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 64682471 Function: Manager Starting date: 2015-12-03 102 Champs-Élysées B.V. Naritaweg 165 Telestone 8 1043BW Amsterdam Netherlands Registration number: 63779404 Function: Manager Starting date: 2015-07-21 The North West Finance Company Coöperatie U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 54349788 Function: Manager Starting date: 2013-07-03 CAP Orange Holding B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 33111532 Function: Manager Starting date: 2015-05-05 BCP VII Jade Netherlands Holdco B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 67872735 Status: Dissolved Function: Manager Starting date: 2017-01-20 Michael Baker International Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 59775688 Function: Manager Starting date: 2015-09-21 LG Federal Way Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 54070759 Function: Manager Starting date: 2015-02-20 Thor 102 Champs B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63625970 Function: Manager Starting date: 2015-06-29 ENR Partners Acquisition 1 B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 64595048 Function: Manager Starting date: 2015-11-19 Modine Netherlands Holding B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 67138896 Function: Manager Starting date: 2016-10-25 Falcon Metals B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63005409 Function: Manager Starting date: 2015-03-31 Printpack Global Financing B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 59161574 Function: Manager Starting date: 2015-04-08 Printpack Eastern European Holding B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 58948759 Function: Manager Starting date: 2015-04-08 LG Windward Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 54151082 Status: Dissolved Function: Manager Starting date: 2015-02-06 Panda Upstream Holding B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 64182924 Function: Manager Starting date: 2015-09-24 FAF International Property Services Holdings B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 34363604 Function: Manager Starting date: 2016-01-12 FAF International Holdings B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 34363615 Function: Manager Starting date: 2016-01-12 Oronzio De Nora International B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 33185996 Function: Manager Starting date: 2017-07-28 CB Richard Ellis B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33303893 Status: Dissolved Function: Proxy Starting date: 2014-05-21 Intertrust Beheer B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33153071 Function: Proxy Starting date: 2013-04-02 PhastabeWEK B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33151567 Function: Proxy Starting date: 2013-04-02 Intertrust (Rotterdam) B.V. Beursplein 37 3011AA ROTTERDAM Netherlands Registration number: 24146099 Function: Proxy Starting date: 2013-04-02 Administratie- & Trustkantoor ''s-Gravenhage' B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 27000716 Function: Proxy Starting date: 2013-04-02 Mextrust B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33058755 Function: Proxy Starting date: 2013-04-02 Intertrust Management B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33226415 Function: Proxy Starting date: 2014-01-16 Intertrust (Netherlands) B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33144202 Function: Proxy Starting date: 2013-04-02 D.C.A. Braat David Cornelis Adrianus Netherlands Competence: Jointly authorized Function: Manager Starting date: 2016-05-23 Date of birth: 1981-01-18, Roosendaal en Nispen, NL Involved with the following companies: Solenis Holdings Sub I B.V. Fascinatio Boulevard 522 1STFLOOR 2909VA CAPELLE AAN DEN IJSSEL Netherlands Registration number: 60933771 Function: Manager Starting date: 2015-02-20 Solenis Holdings Top I B.V. Fascinatio Boulevard 522 1STFLOOR 2909VA CAPELLE AAN DEN IJSSEL Netherlands Registration number: 60852682 Function: Manager Starting date: 2015-02-20 Solenis Holdings Top II B.V. Fascinatio Boulevard 522 1STFLOOR 2909VA CAPELLE AAN DEN IJSSEL Netherlands Registration number: 60954671 Function: Manager Starting date: 2015-02-20 Solenis Holdings Sub II B.V. Fascinatio Boulevard 522 1STFLOOR 2909VA CAPELLE AAN DEN IJSSEL Netherlands Registration number: 60896906 Function: Manager Starting date: 2015-02-20 Commission Junction Holding B.V. Koningsweg 101 5211BH 'S-HERTOGENBOSCH Netherlands Registration number: 34138553 Function: Manager Starting date: 2016-03-29 Nexif Energy Holdings B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 63785900 Function: Manager Starting date: 2016-05-13 Cherry TopCo B.V. Barbara Strozzilaan 201 1083HN Amsterdam Netherlands Registration number: 63830620 Function: Manager Starting date: 2016-05-02 ACR II Millar Holdings Coöperatief U.A. Prof. J.H. Bavincklaan 2 1183AT AMSTELVEEN Netherlands Registration number: 66325161 Function: Manager Starting date: 2016-06-27 KSH Netherlands Holdings B.V. Barbara Strozzilaan 201 1083HN AMSTERDAM Netherlands Registration number: 55808336 Function: Manager Starting date: 2016-12-08 OCM Netherlands Opportunities Coöperatief U.A. Barbara Strozzilaan 201 1083HN AMSTERDAM Netherlands Registration number: 34303842 Function: Manager Starting date: 2016-05-02 OCM Netherlands Dental Clinics Holdings B.V. Barbara Strozzilaan 201 1083HN AMSTERDAM Netherlands Registration number: 58437908 Function: Manager Starting date: 2016-05-02 Solenis Holdings II Coöperatief U.A. Fascinatio Boulevard 522 1STFLOOR 2909VA CAPELLE AAN DEN IJSSEL Netherlands Registration number: 60988622 Function: Manager Starting date: 2015-02-20 Tredegar International Holdings Coöperatief U.A. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 62133624 Function: Manager Starting date: 2014-12-19 Cherry MidCo B.V. Barbara Strozzilaan 201 1083HN AMSTERDAM Netherlands Registration number: 65894391 Function: Manager Starting date: 2016-04-22 AGI Global Holdings Coöperatief U.A. Prof. J.H. Bavincklaan 2 1183AT Amstelveen Netherlands Registration number: 50870904 Function: Manager Starting date: 2016-05-10 ACR II Motus Integrated Technologies Coöperatief U.A. Prof. J.H. Bavincklaan 2 1183AT Amstelveen Netherlands Registration number: 59957131 Function: Manager Starting date: 2016-05-10 Intertrust Beheer B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33153071 Function: Proxy Starting date: 2015-01-01 PhastabeWEK B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33151567 Function: Proxy Starting date: 2015-01-01 Intertrust (Rotterdam) B.V. Beursplein 37 3011AA ROTTERDAM Netherlands Registration number: 24146099 Function: Proxy Starting date: 2015-01-01 Administratie- & Trustkantoor ''s-Gravenhage' B.V. Prins Bernhardplein 200 1097JB AMSTERDAM Netherlands Registration number: 27000716 Function: Proxy Starting date: 2015-01-01 Mextrust B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33058755 Function: Proxy Starting date: 2015-01-01 Intertrust Management B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33226415 Function: Proxy Starting date: 2015-01-01 Intertrust (Netherlands) B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33144202 Function: Proxy Starting date: 2015-01-01 J. Sackhoff Jürgen Netherlands Competence: Jointly authorized Function: Manager Starting date: 2015-05-13 Date of birth: 1961-11-24, Minden, NL J. Bancel Jean-Jacques Netherlands Competence: Jointly authorized Function: Manager Starting date: 2017-08-02 Date of birth: 1968-07-22, Mantes, FR

Employees

Year	2018	2015
Chamber of Commerce	0	0

Payments

Payments within industry	Last quarter	Last year
Average payment period (days)	45	38
Average delay (days)	28	22

Quarter	Not overdue	1-30	31-60	61-90	91-120	121+
2018 Q1	60,00%	28,00%	4,00%	2,00%	2,00%	5,00%
2017 Q4	60,00%	28,00%	4,00%	2,00%	2,00%	5,00%
2017 Q3	41,00%	25,00%	4,00%	1,00%	1,00%	28,00%
2017 Q2	53,00%	34,00%	6,00%	3,00%	1,00%	2,00%
2017 Q1	57,00%	34,00%	5,00%	2,00%	0,00%	2,00%

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
Quick ratio		5,01	0,97	0,02
Current ratio		5,01	0,97	0,02
Working capital/ balance total	0,00	0,00	0,00	-0,20
Equity / balance total	0,34	0,42	0,16	0,79
Equity / Fixed assets	0,35	0,42	0,16	0,80
Equity / liabilities	0,52	0,72	0,19	3,80
Balance total / liabilities	1,52	1,72	1,19	4,80
Working capital	108.394	166.572	-467	-1.624.371
Equity	14.522.245	14.674.414	2.368.240	6.309.816
Mutation equity	-1,04	519,63	-62,47
Mutation short term liabilities		132,75	-98,92
Summary	The 2016 financial result structure is a postive working captial of 108.394 euro, which is in agreement with 0 % of the total assets of the company. The working capital has diminished with -34.93 % 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 mainly been caused by a change of the current assets. The 2015 financial result structure is a postive working captial of 166.572 euro, which is in agreement with 0 % of the total assets of the company. The working capital has increased with 35768.52 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased. The improvement between 2014 and 2015 has mainly been caused by a change of the current assets. The current ratio of the company in 2015 was 5.01. 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 5.01. 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 company is obliged to file its financial statements.
Type of annual account	Corporate
Annual account	Netherlands Glass Investment B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 57517584

Balance

Year	2016	2015	2014	2013
End date	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Type of annual account	Corporate	Corporate	Corporate	Corporate
Other tangible fixed assets	42.082.469
Tangible fixed assets	42.082.469
Financial fixed assets		34.839.437	14.625.457	7.934.187
Fixed assets	42.082.469	34.839.437	14.625.457	7.934.187
Other receivables	108.394
Total receivables	108.394			9.535
Liquid funds		208.136	17.391	25.730
accruals	108.394
Current assets	108.394	208.136	17.391	35.265
Total assets	42.190.863	35.047.573	14.642.848	7.969.452
Issued capital		1	1	1
Share premium reserve		15.155.809	15.155.809	15.125.809
Other reserves	14.522.245	-481.396	-12.787.570	-8.815.994
Total reserves	14.522.245	14.674.413	2.368.239	6.309.815
Total equity	14.522.245	14.674.414	2.368.240	6.309.816
Long term interest yielding debt		20.331.595	237.115
Financial debts			12.019.635
Long term liabilities		20.331.595	12.256.750
Short term liabilities		41.564	17.858	1.659.636
Other liabilities	27.668.618
Total short and long term liabilities	27.668.618	20.373.159	12.274.608	1.659.636
Total liabilities	42.190.863	35.047.573	14.642.848	7.969.452
Summary	The total assets of the company increased with 20.38 % between 2015 and 2016. The total asset increase is retrievable in the fixed asset growth of 20.79 %. Asset growth is in contrasts with the net worth decline of -1.04 %. The company's indebtedness has, therefore, increased with 35.81 %. In 2016 the assets of the company were 99.74 % composed of fixed assets and 0.26000000000001 % by current assets. The assets are being financed by an equity of 34.42 %, and total debt of 65.58 %. The total assets of the company increased with 139.35 % between 2014 and 2015. The fixed asset growth of 138.21 % is lower than the total asset growth. The asset growth has mainly been financed by a Net Worth increase of 519.63 %. Debt, however, grew with 65.98 %. In 2015 the assets of the company were 99.41 % composed of fixed assets and 0.59 % by current assets. The assets are being financed by an equity of 41.87 %, and total debt of 58.13 %.

Analysis

Branch (SBI)	Financial holding (SBI code 6420)
Region	Groot Amsterdam
Summary	In the Netherlands 393129 of the companies are registered with the SBI code 6420 In the region Groot Amsterdam 62422 of the companies are registered with the SBI code 6420 In the Netherlands 3131 of the bankrupcties are published within this sector In the region Groot Amsterdam 321 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 Amsterdam is normal
Year	2016	Company	2015	Company	2014
Equity	228.692	14.522.245	221.666	14.674.414	214.914
Working capital	79.189	108.394	63.315	166.572	61.244
Balance total	506.749	42.190.863	513.827	35.047.573	522.086
Quick ratio			3,34	5,01	3,25
Current ratio			2,22	5,01	2,68
Equity / balance total	0,62	0,34	0,60	0,42	0,57

Publications

Deposits	28-11-2017: De jaarrekening over 2016 is gepubliceerd. 29-11-2016: De jaarrekening over 2015 is gepubliceerd. 08-12-2015: De jaarrekening over 2014 is gepubliceerd. 04-12-2014: De jaarrekening over 2013 is gepubliceerd.
Functions	10-08-2017: Per 02-08-2017 is bestuurder Jean-Jacques Bancel in functie getreden. 10-08-2017: Per 02-08-2017 is bestuurder Hendrik Jan Witsenburg in functie getreden. 10-08-2017: Per 08-02-2017 is bestuurder Johan Antoon Broekhuis uit functie getreden. 24-11-2016: Per 22-11-2016 is bestuurder Alain Jean Comel uit functie getreden. 27-05-2016: Per 23-05-2016 is bestuurder David Cornelis Adrianus Braat in functie getreden. 27-05-2016: Per 23-05-2016 is bestuurder Linda Kuiters uit functie getreden. 13-07-2015: Per 03-07-2015 is bestuurder Alain Jean Comel in functie getreden. 13-07-2015: Per 03-07-2015 is bestuurder Emmanuelle Françoise Marie Camus-Nikitine uit functie getreden. 19-05-2015: Per 13-05-2015 is bestuurder Jürgen Sackhoff in functie getreden. 19-05-2015: Per 13-05-2015 is bestuurder Emmanuelle Françoise Marie Camus-Nikitine in functie getreden. 19-05-2015: Per 13-05-2015 is bestuurder Anton van Zandvoort uit functie getreden. 19-05-2015: Per 13-05-2015 is bestuurder Martin David Graham uit functie getreden. 31-12-2014: Per 29-12-2014 is bestuurder Anton van Zandvoort in functie getreden. 29-08-2014: Per 27-08-2014 is bestuurder Ntsakisi Dawn Chuma uit functie getreden.
Other	04-12-2017: ... Datum deponering: 30-11-2017 Boekjaar: 2016 Soort deponering: Geconsolideerde jaarrekening (art. 408 BW2). 29-11-2016: Datum deponering: 28-11-2016 Boekjaar: 2015 Soort deponering: Geconsolideerde jaarrekening (art. 408 BW2). 27-02-2014: Per 25-2-2014 statuten gewijzigd.

Company structure

Relations	2
Company	Registration number
SGD Group S.A.S. (92800 Puteaux)
| - - Netherlands Glass Investment B.V. (Amsterdam)	57517584

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.50
UK Pound	1	INR 90.92
Euro	1	INR 79.07
EURO	1	INR 78.86

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

INFORMATION DETAILS

Analysis Done by :	PRI
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)

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