MIRA INFORM REPORT

Report No. :	489114
Report Date :	30.01.2018

IDENTIFICATION DETAILS

Name :	OMNIVENT TECHNIEK B.V.
Registered Office :	Morseweg 1, 3899BP Zeewolde
Country :	Netherlands
Financials (as on) :	31.12.2016
Date of Incorporation :	26.03.2004
Com. Reg. No.:	39085601
Legal Form :	Private Limited Company
Line of Business :	The sale (wholesale) of materials and air handling systems for the drying, storage and storage of agricultural products, as well as the design, development and service provision thereof. Making available workers.
No. of Employees :	32 [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 :	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 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	OMNIVENT TECHNIEK B.V.
Operative address	Morseweg 1 3899BP Zeewolde Netherlands
Status	Active

Legal form	Private Limited Company
Registration number	KvK-nummer: 39085601
VAT-number	812961894
European VAT-number	NL812961894B01

Year	2016	Mutation	2015	Mutation	2014
Fixed assets	323.697	-23,16	421.286	-37,87	678.113
Total receivables	3.632.877	87,50	1.937.576	19,17	1.625.876
Total equity	2.291.775	0,55	2.279.172	0,75	2.262.169
Short term liabilities	3.509.109	155,68	1.372.479	14,15	1.202.331
Working capital	2.039.758	6,36	1.917.771	-4,77	2.013.868
Quick ratio	1,04	-26,76	1,42	-10,13	1,58

Contact information

Company name	OMNIVENT TECHNIEK B.V.
Trade names	OMNIVENT TECHNIEK B.V.
Operative address	Morseweg 1 3899BP Zeewolde Netherlands
Correspondence address	Postbus 1232 3890BA Zeewolde Netherlands

Telephone number	0365222177
Fax number	0365221867
Email address	info@omnivent.nl
Website	www.omnivent.nl

Registration

Registration number	KvK-nummer: 39085601
Branch number	000018168426
VAT-number	812961894
European VAT-number	NL812961894B01
Status	Active
First registration company register	2004-03-26
Memorandum	2004-03-26
Establishment date	2004-03-26

Legal form	Private Limited Company
Issued placed capital	EUR 18.000
Paid up share capital	EUR 18.000

Activities

SBI	2825: Manufacture of non-domestic cooling and ventilation equipment 7112: Engineers and other technical design and consultancy 78201: Employment agencies
Exporter	Yes
Importer	Yes

Branche organisations	Fedecom
Goal	The sale (wholesale) of materials and air handling systems for the drying, storage and storage of agricultural products, as well as the design, development and service provision thereof. Making available workers.

Relations

Shareholders	Salomons B.V. Krommekamp 59 3848CB HARDERWIJK Netherlands Registration number: 08215622 Percentage: 100%
Affiliates	M.B. Koeltechniek B.V. Industrieweg 11 A 5324JX AMMERZODEN Netherlands Registration number: 22038280 Omnivent International B.V. Morseweg 1 3899BP ZEEWOLDE Netherlands Registration number: 39087628

Companies on same address

Omnivent International B.V. Registration number: 39087628

Real Estate

Details operative address

Surface area: 2372 m2 Purpose: Store function Construction year: 2000 Status: Building in use Under investigation: No

Management

Active management

Salomons B.V. Krommekamp 59 3848CB HARDERWIJK Netherlands Registration number: 08215622 Competence: Fully authorized Function: Manager Starting date: 2010-01-01 L. Salomons Lucas Netherlands Competence: Fully authorized Function: Manager Starting date: 2006-03-01 Date of birth: 1969-01-24, Zuidelijke IJsselmeerpold, NL Involved with the following companies: Modosal B.V. Krommekamp 59 3848CB HARDERWIJK Netherlands Registration number: 08061606 Function: Manager Starting date: 2009-03-24 Salomons B.V. Krommekamp 59 3848CB HARDERWIJK Netherlands Registration number: 08215622 Function: Manager Starting date: 2010-01-01 Omnivent International B.V. Morseweg 1 3899BP ZEEWOLDE Netherlands Registration number: 39087628 Function: Manager Starting date: 2006-03-01 P.J. Kok Paul Johannes Netherlands Competence: Limited authorization Function: Proxy Starting date: 2015-01-01 Date of birth: 1982-05-15, Noordoostpolder, NL E. van Groenewoud Errol Netherlands Competence: Limited authorization Function: Proxy Starting date: 2015-01-01 Date of birth: 1964-05-01, Deventer, NL

Employees

Year	2017	2016	2015	2014	2013
Annual		33			35
Chamber of Commerce	32		32	32	32

Payments

Description	Regular
Payments within industry	Last quarter	Last year
Average payment period (days)	48	41
Average delay (days)	28	22

Quarter	Not overdue	1-30	31-60	61-90	91-120	121+
2018 Q1	64,00%	19,00%	4,00%	2,00%	0,00%	11,00%
2017 Q4	58,00%	21,00%	4,00%	1,00%	2,00%	14,00%
2017 Q3	57,00%	27,00%	5,00%	2,00%	1,00%	7,00%
2017 Q2	67,00%	27,00%	3,00%	1,00%	2,00%	1,00%
2017 Q1	59,00%	28,00%	5,00%	3,00%	2,00%	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	1,04	1,42	1,58	1,61	1,10
Current ratio	1,58	2,40	2,67	2,86	1,76
Working capital/ balance total	0,35	0,52	0,52	0,54	0,31
Equity / balance total	0,39	0,61	0,58	0,66	0,56
Equity / Fixed assets	7,08	5,41	3,34	4,01	2,03
Equity / liabilities	0,64	1,59	1,39	1,97	1,27
Balance total / liabilities	1,64	2,59	2,39	2,97	2,27
Working capital	2.039.758	1.917.771	2.013.868	2.132.037	1.720.659
Equity	2.291.775	2.279.172	2.262.169	2.608.372	3.079.478
Mutation equity	0,55	0,75	-13,27	-15,30	15,34
Mutation short term liabilities	155,68	14,15	4,61	-49,29	93,48
Summary	The 2016 financial result structure is a postive working captial of 2.039.758 euro, which is in agreement with 35 % of the total assets of the company. The working capital has increase with 6.36 % compared to previous year. The ratio with respect to the total assets of the company has however, declined. The improvement between 2015 and 2016 has mainly been caused by a change of the current liabilities. The current ratio of the company in 2016 was 1.58. 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 1.04. 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 1.917.771 euro, which is in agreement with 52 % of the total assets of the company. The working capital has diminished with -4.77 % compared to previous year. The ratio with respect to the total assets of the company remains unchanged. The deterioration between 2014 and 2015 has mainly been caused by a change of the current liabilities. The current ratio of the company in 2015 was 2.4. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength. The quick ratio in 2015 of the company was 1.42. 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	Omnivent Techniek B.V. Morseweg 1 3899BP Zeewolde Netherlands Registration number: 39085601

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
Tangible fixed assets	220.389	248.309	217.301	163.798	153.767
Financial fixed assets	103.308	172.977	460.812	486.378	1.364.192
Fixed assets	323.697	421.286	678.113	650.176	1.517.959
Total stock	1.902.918	1.342.847	1.322.436	1.427.794	1.492.980
Total receivables	3.632.877	1.937.576	1.625.876	1.273.049	1.677.649
Liquid funds	13.072	9.827	267.887	580.513	816.468
Current assets	5.548.867	3.290.250	3.216.199	3.281.356	3.987.097
Total assets	5.872.564	3.711.536	3.894.312	3.931.532	5.505.056
Issued capital	18.000		18.000	18.000	18.000
Share premium reserve	210.000			210.000	210.000
Other reserves	2.063.775	2.279.172	2.244.169	2.380.372	2.851.478
Total reserves	2.273.775	2.279.172	2.244.169	2.590.372	3.061.478
Total equity	2.291.775	2.279.172	2.262.169	2.608.372	3.079.478
Provisions	71.680	59.885	129.812	173.841	159.140
Long term interest yielding debt			300.000
Long term liabilities			300.000
Short term liabilities	3.509.109	1.372.479	1.202.331	1.149.319	2.266.438
Total short and long term liabilities	3.580.789	1.432.364	1.632.143	1.323.160	2.425.578
Total liabilities	5.872.564	3.711.536	3.894.312	3.931.532	5.505.056
Summary	The total assets of the company increased with 58.22 % between 2015 and 2016. Despite the assets growth, the non current assets decreased with -23.16 %. The asset growth is explained by a reduction of 149.99 % of the company's indebtness, this while, the Net Worth remains unchanged. In 2016 the assets of the company were 5.51 % composed of fixed assets and 94.49 % by current assets. The assets are being financed by an equity of 39.03 %, and total debt of 60.97 %. The total assets of the company decreased with -4.69 % between 2014 and 2015. This downturn is mainly retrievable in the fixed asset decrease of -37.87 %. Assets reduction is being explained by an indebtedness decrease -12.24 % while the Net Worth remains unchanged. In 2015 the assets of the company were 11.35 % composed of fixed assets and 88.65 % by current assets. The assets are being financed by an equity of 61.41 %, and total debt of 38.59 %.

Analysis

Branch (SBI)	Engineers and other technical design and consultancy (SBI code 7112)
Region	Flevoland
Summary	In the Netherlands 57393 of the companies are registered with the SBI code 7112 In the region Flevoland 1165 of the companies are registered with the SBI code 7112 In the Netherlands 518 of the bankrupcties are published within this sector In the region Flevoland 16 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 Flevoland is normal
Year	2016	Company	2015	Company	2014
Equity	64.981	2.291.775	62.281	2.279.172	61.078
Working capital	75.802	2.039.758	56.241	1.917.771	48.670
Balance total	204.117	5.872.564	201.439	3.711.536	204.359
Quick ratio	1,71	1,04	1,73	1,42	1,67
Current ratio	1,06	1,58	1,67	2,40	1,73
Equity / balance total	0,44	0,39	0,43	0,61	0,41

Publications

Deposits	19-12-2016: De jaarrekening over 2015 is gepubliceerd. 21-04-2016: De jaarrekening over 2014 is gepubliceerd. 10-12-2014: De jaarrekening over 2013 is gepubliceerd. 04-09-2013: De jaarrekening over 2012 is gepubliceerd.
Functions	03-01-2017: Per 01-01-2017 is gevolmachtigde Mark Johannes van der Velde uit functie getreden. 01-05-2015: Per 01-01-2015 is gevolmachtigde Errol van Groenewoud in functie getreden. 20-04-2015: Per 01-01-2015 is gevolmachtigde Paul Johannes Kok in functie getreden. 20-03-2015: Per 01-01-2015 is gevolmachtigde Mark Johannes van der Velde in functie getreden.

Company structure

Relations	5
Company	Registration number
Modosal B.V. (HARDERWIJK)	08061606
| - - Salomons B.V. (HARDERWIJK)	08215622
| - - | - - Omnivent International B.V. (ZEEWOLDE)	39087628
| - - | - - Omnivent Techniek B.V. (Zeewolde)	39085601
| - - | - - M.B. Koeltechniek B.V. (AMMERZODEN)	22038280

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.55
UK Pound	1	INR 89.82
Euro	1	INR 78.87
Euro	1	INR 79.05

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

INFORMATION DETAILS

Analysis Done by :	PRI
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)

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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.