MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Green Works Productions B.V |
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Registered Office : |
Kanaalkade, 1756 Ad `T |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/02/2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Ornamental
flower grower; growing also of cut flowers. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Green Works Productions B.V
Kanaalkade
1756 AD `T ZAND NH
Tel.:+31 (0)224-590523
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/02/2002 as Ltd.
Trade register
37101090
Capital
nominal EUR 100.000,--
issued and paid up EUR 20.000,--
Management
-Green
Works Beheer BV,
Kanaalkade 76, 1756 AD T ZAND NH
Activity
Ornamental
flower grower; growing also of cut flowers.
Staff
15
employees
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 :
-Green
Works Beheer BV,
Kanaalkade 76,
1756 AD T ZAND NH
The
shareholders equity was as of:
31/12/2005 Euro (338.026)
31/12/2004 Euro (177.562)
31/12/2003 Euro (134.491)
The working
capital was as of:
31/12/2005 Euro (353.697)
31/12/2004 Euro (203.775)
31/12/2003 Euro (168.575)
Website :
www.green-works.nl
Related company
Banks
not known
Mode of payment
No
complaints have been registered
Credit demand
No direct
objections against entering into a business relationship.
With regard
to the financial situation, we advise you to deal on cash-payment terms only.
The following financial data is retrieved from the corporate balance
sheet of :
Green Works Productions B.V
Kanaalkade , 1756 AD `T ZAND NH
Trade register 37101090
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Green Works Productions B.V *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 26.213 15.671
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 26.213 15.671
Stock 70.000 70.050
Receivables 39.911 12.965
Shares 0 0
Liquid assets 2.873 0
Miscellaneous current assets 0 0
Total current
assets 112.784 83.015
Shareholders
equity -177.562 -338.026
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 316.559 436.712
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 138.997 98.686
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Green Works
Productions B.V *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing -127,7 -342,5
Equity/outside
capital -56,1 -77,4
LIQUIDITY
Current ratio 0,4 0,2
Acid test 0,1 0
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 -203.775 -353.697
Shareholders equity + Equalization acc. -177.562 -338.026
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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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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%)