Attachment 1
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Report
Update On |
10th June, 1999 |
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Report on |
BEMONTEX B. V. |
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Registered Office |
Morsebaan 2, Nieuwegein, 3439 NA, Netherlands |
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Tel. No. |
030-605 2260 |
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Fax No. |
030-605 1334 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
S U M M A R Y
|
Incorporated |
1977 |
Status |
Satisfactory |
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Registration No. |
-- |
Chief Executive |
Mr. P. Van Beck |
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Capital (NLG) |
100,000 |
Payments |
Regular |
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Sales (NLG) |
380,668 |
Litigation |
-- |
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Net Worth (NLG) |
(-) 3,820,234 |
Banking Reputation |
Satisfactory |
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No. of Employees |
44 |
Auditors |
-- |
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Credit Rating |
Ba (See attachment 3) |
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Identification
|
Subject Reported On |
BEMONTEX
B.V. |
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Order Number |
396517000470972/000006/19 |
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V.A.T Number |
NL009125929B01 |
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Chamber of Commerce No |
30.055108.0000 |
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Company Address |
MORSEBAAN
2, NIEUWEGEIN, 3439 NA, Netherlands |
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Telephone Number |
030-6052260 |
|
Fax Number |
030-6051334 |
Credit
Recommendations
Current
Rating 4
Amount
Advised NLG 250,000
Rating
Explanation
The
Dutch rating system ranges from 1, indicating a high risk to 5, the lowest
risk.
A
rating of 8 indicates an unclassified risk(risk unknown), used on brand new
companies as an example. A rating of 9 is used for companies who are in
liquidation, or are no longer trading.
The
amount advised is a recommended maximum credit exposure at any one time.
Exchange
Rate as at 12/05/99
1
GBP = Guilder 3.34
1
USD = Guilder 2.04
1
EURO = Guilder 2.20
Summary
Details
|
Liquidity |
Abundant |
|
Payments |
No complaints |
|
Trend |
Level |
|
Gearing Trend |
Improving |
|
Gearing Percentage |
-20.670% |
|
Nominal Capital |
NLG 500,000 |
|
Issued Capital |
NLG 100,000 |
|
Net Income |
NLG 380,668 |
|
Total Equity |
NLG 3,820,234- |
|
Total Fixed Assets |
NLG 468,024 |
|
Stocks |
NLG 14,926,736 |
|
Summary Year |
31/12/1997 |
Official
Company Details
|
Legal Form |
Private
limited company |
|
Legal Form Since |
28/03/1988 |
|
Previous Legal Form |
UNKNOWN |
|
Latest Accounts Date |
31/12/1997 |
|
Date of Incorporation |
01/01/1977 |
|
Registered Office |
MORSEBAAN
2, NIEUWEGEIN, 3439 NA, Netherlands |
|
Subjects Status |
Trading |
|
Subjects Status Date |
01/01/1977 |
|
Annual Report |
Subject is
required to file an annual report |
Share
Capital Structure
|
Nominal Capital |
NLG
500,000 |
|
Issued Capital |
NLG
100,000 |
|
Company |
ARMY
SURPLUS B.V. MORSEBAAN 2, NIEUWEGEIN, 3439 NA, Netherlands. |
|
Percentage of Shares |
100.000% |
Known
Directors/Partners
|
Managing director |
P VAN
BEEK BAARN, 0000, Netherlands |
Additional
Information
SUBJECT
COMPANY NO LONGER DISPOSES OF CREDIT FACILITIES. - CREDIT-SECURITY
DEBTORSCESSION
A
CREDIT OF 250.000 IS CONSIDERED TO BE SAFE. IN CASE THE PARENT COMPANY (ARMY
SURPLUS B.V.) STANDS SURETY, A MAXIMUM AMOUNT OF 4.000.000 CAN BE GRANTED. (NB
IN CASE A GUARANTEE FROM THE PARENTCOMPANY IS BEING USED, WE RECOMMEND TO
REQUEST A CREDITREPORT ON THAT COMPANY AS WELL.)
Operation
Details
|
Staff Employed |
44 |
|
NACE Code |
5142
Wholesalers of clothing and footwear |
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Branches |
There are
no known branch outlets |
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Outwork |
Work is
sub-contracted out |
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Premises Description |
OWNED BY THE
GROUP |
|
Premises Description |
MORTGAGED YES |
|
Premises Description |
SURFACE 16500 SQ. MTRS. |
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Export Markets |
Belgium |
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Export Markets |
Germany |
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Export Markets |
France |
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Trade Names |
LIFE-LINE
FREEBOOTER NEW YOKE |
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Banker |
ABN AMRO
BANK N.V. GOUDA, Netherlands. |
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Associate |
ARMY
SURPLUS ONROEREND GOED B.V. MORSEBAAN 2, NIEUWEGEIN, 3439 NA, Netherlands. |
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Parent company |
ARMY
SURPLUS B.V. MORSEBAAN 2, NIEUWEGEIN, 3439 NA, Netherlands. |
|
Percent Shareholding |
100.000% |
|
VAT Number |
NL009125929B01 |
|
Chamber of Commerce No |
30.085293.0000 |
General
Information
SUBJECT
COMPANY NO LONGER DISPOSES OF CREDIT FACILITIES. - CREDIT-SECURITY
DEBTORSCESSION
Financial Data
Profit and Loss
|
Year of Accounts |
31/12/1997 |
31/12/1996 |
31/12/1995 |
|
Currency |
NLG |
NLG |
NLG |
|
|
|
|
|
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OPERATING
PROFIT |
1800639 |
193119- |
529408- |
|
PROFIT
AFTER TAX |
380668 |
889380- |
1674198- |
Balance Sheet
|
Year of Accounts |
31/12/1997 |
31/12/1996 |
31/12/1995 |
|
Currency |
NLG |
NLG |
NLG |
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|
|
|
|
|
FIXED
ASSETS |
468024 |
424625 |
640651 |
|
Intangible
assets |
- |
25000 |
50000 |
|
Tangible
assets |
468024 |
399625 |
590651 |
|
CURRENT
ASSETS |
18013977 |
9236804 |
11515727 |
|
Finished
goods |
14926736 |
7117070 |
8680502 |
|
Stock
& WIP |
14926736 |
7117070 |
8680502 |
|
Trade
debtors |
2972176 |
2052640 |
2784102 |
|
Cash |
115065 |
67094 |
51123 |
|
TOTAL
ASSETS |
18482001 |
9661429 |
12156378 |
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CURRENT
LIABILITIES |
12878780 |
5055364 |
7237090 |
|
Due to
group |
12789074 |
5055364 |
7237090 |
|
Accruals |
- |
89706 |
- |
|
WORKING
CAPITAL |
5135197 |
4181440 |
4278637 |
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LONG TERM
LIABILITIES |
9423455 |
8806967 |
8230810 |
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Mortgage/loans |
9423455 |
8806967 |
8230810 |
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TOTAL
LIABILITIES |
18482001 |
9661429 |
12156378 |
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Issued
cap. & res. |
3820234- |
4200902- |
3311522- |
|
SHAREHOLDERS
FUNDS |
3820234- |
4200902- |
3311522- |
Ratios
|
Year of Accounts |
31/12/1997 |
31/12/1996 |
31/12/1995 |
|
Current
Ratio |
1.4 |
1.8 |
1.6 |
|
Quick
Ratio |
1.4 |
1.8 |
1.6 |
|
Equity
Gearing |
0.2- |
0.4- |
0.2- |
Financial
Notes
ANNUAL
FIGURES SHOWN REFER TO THE COMPANY BALANCE SHEET OF BEMONTEX B.V.
LAST
ANNUAL ACCOUNT LODGED FOR SUBJECT COMPANY 1997 DEFINITIVE COMPANY
BALANCE SHEET
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution
needed for credit transaction. It has above average (strong) capability for payment
of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded
healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to
meet normal commitments. Maybe drawn to slightly difficult position as
unfavourable conditions arise. Minimal assurance for timely payment on
interest and principal sums |
Moderate |
|
26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest
and principal sums in default or expected to be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature