MIRA INFORM REPORT

 

 

Report Date :

04.01.2008

 

IDENTIFICATION DETAILS

 

Name :

Nature's Pride BV

 

 

Registered Office :

Honderdland 70, 2676 Ls Maasdijk               

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

17/10/2005

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale business in vegetables and fruits as well as the import and export of these products.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Average 5 days beyond terms

 

 

Litigation :

Clear


name & address

 

Nature's Pride BV

Honderdland 70

2676 LS  MAASDIJK               

Tel.:+31 (0)174-525900

Fax.:+31 (0)174-525909

 

 

Legal status

 

BV Private Company Ltd. acc. nat. law

 

 

Founded

 

17/10/2005, Ltd. since 17/10/2005

 

 

Trade register   

 

27281627

 

 

Capital

 

Nominal                        EUR     90.000,--

issued and paid up         EUR     18.000,--

 

 

Management   

 

-Nature's Management BV,

 Honderdland 70, 2676 LS  MAASDIJK

 

 

Activity

 

Wholesale business in vegetables and fruits as well as the import and export of these products.

                                          

 

Staff

 

50 employees

 

 

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

 

-Nature's Management BV,

Honderdland 70, 2676 LS  MAASDIJK

 

The shareholders  equity was as of:

31/12/2006     Euro        2.384.412

31/12/2005     Euro        18.000

 

The working capital was as of:

31/12/2006     Euro        1.968.727

31/12/2005     Euro        18.000

 

Correspondence address:

POSTBUS 126

2678 ZJ DE LIER

 

The name of the parent company changed effective 17.10.2005 from Nature's Pride into Nature's Management BV; at the same was Nature's Pack BV established. The wholesale and im/export operations were placed in Nature's Pride  BV eff. 01.01.2006 and the packing operations at the same time in Nature's Pack BV.

 

The actual operations date back till 2001.

 

Website: www.naturepride.nl

 

The balance sheet is as registered at the Chamber of Commerce.

 

The phone number you provided is the mobile nr. of Mr. Herman Hoogendoorn which concerns an employee with subject matter.

 

 

Banks    

 

Rabobank

 

 

VAT-nr.

 

NL814962907B02

 

Mode of payment

 

On average 5 days beyond terms.

 

 

Credit demand

 

No objections against entering into a business relationship.

                                          

 


 

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

 

Nature's Pride BV

Honderdland 70, 2676 LS  MAASDIJK               

Trade register                    27281627

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

Nature's Pride BV ***   BALANCE SHEET   ***

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

                          ---31-12-2005--- ------31-12-2006---

 

Intangible assets                0                0

Tangible assets                  0              412.126

Financial assets                 0                3.559

Miscellaneous fixed assets       0                0

 Total fixed assets                0              415.685

 

Stock                            0              195.459

Receivables                     18.000            9.195.451

Shares                           0                0

Liquid assets                    0                1.701.137

Miscellaneous current assets     0                0

 Total current assets             18.000           11.092.047

 

Shareholders  equity            18.000            2.384.412

Provisions                       0                0

Long-term liabilities            0                0

Current liabilities              0                9.123.320

Minority interests               0                0

Miscellaneous liabilities        0                0

 Total liabilities                18.000           11.507.732


 

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

Nature's Pride BV            ***   FINANCIAL RATIOS   ***

                           -----2005-----   -----2006-----

 

EQUITY         %

Equity gearing                 100             20,7

Equity/outside capital           0             26,1

 

LIQUIDITY

Current ratio                    0              1,2

Acid test                        0              1,2

 

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                 18.000            1.968.727

Shareholders  equity + Equalization acc.        18.000    2.384.412

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

 


 

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