MIRA
INFORM REPORT
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Report Date : |
22nd February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
P.H. ASSCHER HOLDING BV |
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Registered Office : |
Hogehilweg 14, 1101 CD Amsterdam Zuidoost |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
27.12.1984 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Holding Company |
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 60.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
P.H. Asscher Holding BV
Hogehilweg 14
1101 CD AMSTERDAM ZUIDOOST
Tel.:+31
(0)20-6916576
Fax.:+31
(0)20-6915546
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
27/12/1984 as Ltd.
Trade
register
33182109
Capital
nominal EUR 90.756,--
issued and paid up EUR 20.420,--
Management
P.H. Asscher, born
02/04/1944, Avé Princesse Grace 3b 3, 98000 MONTE CARLO-MONACO
Activity
Holding company.
Staff
1 employee.
Turnover
from the
consolidated balance sheet of P.H. Asscher Holding BV
2005 Euro 5.472.028
2004 Euro 5.891.241
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[ies]:
-M.S. Kinsbergen/Exclusive Times BV,
Hogehilweg 14,
1101 CD AMSTERDAM ZUIDOOST
-S. Asscher
Diamantair BV,
Hogehilweg 14,
1101 CD AMSTERDAM ZUIDOOST
-Amsterdamse
Diamant Maatschappij BV,
Hogehilweg 14,
1101 CD AMSTERDAM ZUIDOOST
-P.H. Asscher
Pensioen BV,
Hogehilweg 14, 1101 CD AMSTERDAM
ZUIDOOST
The next financial data is extracted from the consolidated balance sheet
of
'P.H. Asscher Holding BV '
Consolidated net result:
2005 Euro (15.872)
2004 Euro (61.479)
The shareholders equity was as
of:
31/12/2005 Euro 1.887.222
31/12/2004 Euro 5.852
The working capital was as of:
31/12/2005 Euro 3.344.181
31/12/2004 Euro 3.534.784
Subsidary:
Exclusive Times & Jewellery Ltd. (100%) UK.
Mothercompany:
Charlestown Corporation NV (further information unknown).
Activities subsidiaries:
- Wholesale business in juwels, watches and precious stones.
There is no registration of managers living in the Netherlands.
The phone number you have provided is not completely correct.
Banks
ABN-AMRO NV, Amsterdam
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
A maximum credit limit of
EUR 60.000 is advised
The following financial data is retrieved from the consolidated balance
sheet of :
P.H. Asscher Holding BV
Hogehilweg 14, 1101 CD AMSTERDAM ZUIDOOST
Trade register 33182109
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BALANCE
SHEET
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 127.595 155.614
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 127.595 155.614
Stock 2.956.002 2.783.817
Receivables 3.071.604 3.565.162
Shares 0 0
Liquid assets 0 0
Miscellaneous current assets 0 0
Total current
assets 6.027.606 6.348.979
Shareholders
equity 5.852 1.887.222
Provisions 1.292.490 1.340.347
Long-term liabilities 461.791 272.226
Current liabilities 2.492.822 3.004.798
Minority interests 0 0
Miscellaneous liabilities 1.902.246 0
Total liabilities 6.155.201 6.504.593
PROFIT
& LOSS ACCOUNT
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 5.891.241 5.472.028
Other income 0 14.280
Total expenses 5.825.037 5.395.625
Operating profit 66.204 90.683
Balance financial P/L -177.279 -114.974
Net profit/loss 1] -111.075 -24.291
Taxation -49.596 -8.419
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -61.479 -15.872
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result -61.479 -15.872
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2004----- -----2005-----
EQUITY
%
Equity gearing 0,1 29
Equity/outside capital 0,1 40,9
LIQUIDITY
Current ratio 2,4 2,1
Acid test 1,2 1,2
RATES OF RETURN %
Total assets -1,8 -0,4
Shareholders
equity -1898,1 -1,3
Pre tax margin
% -1,9 -0,4
Turnover rate 95,7 84,1
(x
1) (x 1)
-------------------- --------------------
Working capital 3.534.784 3.344.181
Shareholders
equity + Equalization acc. 5.852 1.887.222
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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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