MIRA
INFORM REPORT
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Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
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Name : |
March 15 Trading B.V. |
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Registered Office : |
Toussaintkade 39, 2513 Cl `S-Gravenhage |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
03/05/1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Management consulting. Trade business in luggage. |
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 5.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
March 15 Trading
B.V.
Toussaintkade 39
2513 CL
`S-GRAVENHAGE
Tel. : +31
(0)70-3459099
Fax.: +31
(0)70-5177145
Legal status
BV Private Company Ltd.
acc. nat. law
Founded
03/05/1999, Ltd. since
25/06/1999
Trade register
27179856
Capital
nominal EUR 90.000,--
issued and paid up EUR 18.200,--
Management
-March 15 Consulting
Van Neckstraat 77, 2597 SC DEN HAAG
Activity
Management
consulting. Trade business in luggage.
Staff
1 employee.
The business
premises at the mentioned address has been rented by the company, as far as we
know.
See balance sheet
Remarks
Subsidiary company
of
-March 15
Consulting
Van Neckstraat
77, 2597 SC DEN HAAG
The
shareholders equity was as of:
31/12/2006 Euro 18.200
31/12/2005 Euro 18.200
31/12/2004 Euro 18.200
The working
capital was as of:
31/12/2006 Euro 18.200
31/12/2005 Euro 18.200
31/12/2004 Euro 18.200
Correspondence
address:
Van Neckstraat 77
2597 SC 'S-GRAVENHAGE
Mobile tel. nr.: 06-20391759
Website: www.march15.nl
E-mail: luggage@march15.nl
Banks
Mode of payment
Within terms
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 :
March 15 Trading B.V.
Toussaintkade 39, 2513 CL `S-GRAVENHAGE
Trade register 27179856
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March 15 Trading B.V. *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 0 0
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 0 0
Stock 307.920 395.575
Receivables 102.496 247.073
Shares 0 0
Liquid assets 94.380 210
Miscellaneous current assets 0 0
Total current
assets 504.796 642.858
Shareholders
equity 18.200 18.200
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 486.596 624.658
Minority interests 0 0
Miscellaneous liabilities 0 0
Total
liabilities 504.796 642.858
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March 15 Trading B.V. *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity gearing 3,6 2,8
Equity/outside capital 3,7 2,9
LIQUIDITY
Current ratio 1 1
Acid test 0,4 0,4
RATES OF RETURN %
Total assets 0 0
Shareholders
equity 0 0
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 18.200 18.200
Shareholders
equity + Equalization acc. 18.200 18.200
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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. |
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)