MIRA
INFORM REPORT
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Report Date : |
24.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
King Products B.V. |
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Registered Office : |
Talmastraat 109A, 3038 SP Rotterdam |
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Country : |
Netherlands
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
03.07.1992 |
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Legal Form : |
Private
Company Limited |
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Line of Business : |
Wholesale
business in foreign food stuffs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR
5000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
King Products B.V.
ADDRESS
Talmastraat 109A
3038 SP ROTTERDAM
Tel.:+31 (0)10-2939966
Fax.:+31 (0)10-2939967
Legal status
BV
Private Company Ltd. acc. nat. law
Founded
03/07/1992
as Prop., Ltd. since 31/10/2000
Trade register
24197214
Capital
nominal EUR 90.000,--
issued and paid up EUR 18.000,--
Management
Bhoepalsing Ramhit, born 29/01/1957, Kruisweg 5-A, NOOTDORP
Activity
Wholesale business in foreign food stuffs.
Sole shareholder
Bhoepalsing Ramhit, born
29/01/1957, Kruisweg 5-A, NOOTDORP
Trade name
-Lal's Fresh Food
Staff
2 employees
Real
estate
The business premises at the mentioned address has been rented by the
company, as far as we know.
Finances
See
balance sheet
Remarks
The shareholders equity was as of:
31/12/2004 Euro 46.545
31/12/2003 Euro 39.889
31/12/2002 Euro 45.296
The working capital
was as of:
31/12/2004 Euro 26.248
31/12/2003 Euro 29.215
31/12/2002 Euro 27.850
Correspondence
address:
POSTBUS 536
3000 AM ROTTERDAM
Banks
Postbank,
Arnhem, 00.19.08.481
Rabobank,
Rotterdam
Mode of payment
No
complaints have been registered
Credit demand
No
objections against entering into a business relationship.
A
maximum credit limit of EUR 5.000 is advised
The following financial data is retrieved from the corporate balance sheet of :
King Products B.V.
Talmastraat 109A, 3038 SP ROTTERDAM
Trade register 24197214
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King Products B.V. *** BALANCE SHEET ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Intangible assets 0 0
Tangible assets 10.674 20.297
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 10.674 20.297
Stock 84.559 107.760
Receivables 381.568 555.639
Shares 0 0
Liquid assets 239.863 290.669
Miscellaneous current assets 0 0
Total current assets 705.990 954.068
Shareholders equity 39.889 46.545
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 676.775 927.820
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 716.664 974.365
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King Products B.V. *** FINANCIAL RATIOS ***
-----2003----- -----2004-----
EQUITY %
Equity gearing 5,6 4,8
Equity/outside capital 5,9 5
LIQUIDITY
Current ratio 1 1
Acid test 0,9 0,9
RATES OF RETURN %
Total assets 0 0
Shareholders equity 0 0
Pre tax margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
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Working capital 29.215 26.248
Shareholders equity + Equalization acc. 39.889 46.545
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RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we have
no basis upon which to recommend credit dealings |
No Rating |
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