MIRA INFORM REPORT

 

 

Report Date :

28.12.2007

 

IDENTIFICATION DETAILS

 

Name :

Yme Kuiper B.V.

 

 

Registered Office :

Businesspark Friesland-W 9, 8466 Sl  Nijehaske

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

10/07/1995

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import and whole sale of bakery products.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

name & address

 

Yme Kuiper B.V.

Businesspark Friesland-W 9

8466 SL  NIJEHASKE

Tel.:+31 (0)513-617010

 

 

Legal status

 

BV Private Company Ltd. acc. nat. law

 

 

Founded

 

10/07/1995 as Ltd.

 

 

Trade register

 

01072169

 

 

Capital

 

nominal                         EUR     90.000,--

issued and paid up         EUR     18.000,--

 

 

Management

 

-QPR Holding BV,

Businesspark Friesland-W. 9, 8466 SL  NIJEHASKE

 

 

Activity

 

Import and whole sale of bakery products.

 

                                          

Staff

 

1 employee.

 

 

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

 

Subsidiary company of

-QPR Holding BV,

Businesspark Friesland-W. 9, 8466 SL  NIJEHASKE

 

The shareholders  equity was as of:

31/12/2005     Euro        212.905

31/12/2004     Euro        92.922

31/12/2003     Euro        51.844

 

The working capital was as of:

31/12/2005     Euro        1.311.920

31/12/2004     Euro        (8.800)

31/12/2003     Euro        000

 

Correspondence address:

PO box 295

8440 AG Heerenveen

 

 

Banks    

 

Rabobank

 

 

Mode of payment

 

No complaints have been registered

 

 

Credit demand

 

No objections against entering into a business relationship.

                                          

 


 

The following financial data is retrieved from the corporate balance sheet of :

 

Yme Kuiper B.V.

Businesspark Friesland-W 9, 8466 SL  NIJEHASKE

Trade register                    01072169

----------------------------------------------------------------------------

Yme Kuiper B.V. ***   BALANCE SHEET   ***

Corporate in              Euro(x 1)        Euro(x 1)

                          ---31-12-2004--- ------31-12-2005---

 

Intangible assets                0              100.000

Tangible assets                  0               98.443

Financial assets               101.722          206.560

Miscellaneous fixed assets       0                0

 Total fixed assets              101.722          405.003

 

Stock                            0                1.393.011

Receivables                      0                2.866.416

Shares                           0                0

Liquid assets                    0                8.420

Miscellaneous current assets     0                0

 Total current assets              0                4.267.847

 

Shareholders  equity            92.922          212.905

Provisions                       0                0

Long-term liabilities            0                1.504.018

Current liabilities              8.800            2.955.927

Minority interests               0                0

Miscellaneous liabilities        0                0

 Total liabilities               101.722            4.672.850


 

----------------------------------------------------------------------------

Yme Kuiper B.V.            ***   FINANCIAL RATIOS   ***

                           -----2004-----   -----2005-----

 

EQUITY         %

Equity gearing                91,3              4,6

Equity/outside capital      1055,9              4,8

 

LIQUIDITY

Current ratio                    0              1,4

Acid test                        0                1

 

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                 -8.800            1.311.920

Shareholders  equity + Equalization acc.        92.922    212.905

----------------------------------------------------------------------------

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions