MIRA INFORM REPORT

 

Report Date :

23rd February, 2007

 

IDENTIFICATION DETAILS

 

Name :

KROCOM FORRESTRIES B.V.

 

 

Registered Office :

Honingerhof 29

3063 BZ  ROTTERDAM

 

 

Country :

Netherlands

 

 

Date of Incorporation :

01/01/2006

 

 

Legal Form :

Private Company Ltd

 

 

Line of Business :

Engaged in the business of wholesale business, including import and export, in food and non- food products; financing of and investment in the development of food and non-food 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 :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

Krocom Forrestries B.V.

Honingerhof 29

3063 BZ  ROTTERDAM

Tel.:+31 (0)10-2123401

 

 

Legal status

 

BV Private Company Ltd. acc. nat. law

 

 

Founded

 

01/01/2006, Ltd. since 16/02/2006

 

 

Trade register

 

24389455

 

 

Capital  nominal

 

EUR     90.000,--

 

 

Issued and paid up

 

EUR     18.000,--

 

 

Management   

 

Everardus Maria Johannes Vincentius Kronenburg, born 09/11/1970, Honingerhof 29, ROTTERDAM

 

Activity  Wholesale business, including import and export, in food and non- food products; financing of and investment in the development of food and non-food products.

 

 

Staff

 

3 employees

 

 

Real estate

 

The business premises at the mentioned address has been rented by the company, as far as we know.

 

 

Finances

 

The course of business and financial affairs are satisfactory. Average stocks are held.

The liquid assets have remained adequate to date.

 

 

Remarks

 

Subsidiary company of -Krocom Holding B.V.,

Honingerhof 29,    ROTTERDAM

 

The address as suggested by you is of the Fortis Bank, where subject matter has an accounts. A restructuring took place; the former Krocom Forrestries BV became the holding company, and the operations were placed in subject matter.

The actual operations commenced in April 2004.

According to own statement, the turnover is around USD 1.200.000,- per year and comes mostly from wood products.

 

 

Banks    

 

Fortis Bank, 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

 

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/normal.

 

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