MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
NO-EXCESS B.V. |
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Registered Office : |
New Yorkstraat
70 1175 RD Lijnden |
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Com. Reg. No.: |
3407368 |
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Country : |
Netherlands |
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Date of Incorporation : |
01.08.1989 |
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Financial as on : |
31.12.2005 |
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Legal Form : |
BV Private Company Ltd.
acc. nat. law |
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Line of Business : |
Import and Export of And
Wholesale Business in Textile and Textile Products |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name and address of the company
No-Excess B.V.
New Yorkstraat 70
1175 RD LIJNDEN
Tel.:+31
(0)20-6587676
Fax.:+31
(0)20-6595610
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
01/08/1989, Ltd. since
16/08/1991
Trade
register
34073682
Capital
Nominal EUR 225.000,--
Issued and paid up EUR 45.000,--
Management
R. de Veer, born 12/01/1958, Burg. Amersfoordtlaan 34, 1171 DP BADHOEVEDORP
Activity
Import and export of
and wholesale business in textile and textile products.
Staff
27 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
-Naluji
Holding BV,
Burg
Amersfoordtlaan 34, 1171 DP
BADHOEVEDORP
Subsidiary[ies]:
-Its Noize
BV,
New Yorkstraat 70, 1175 RD LIJNDEN
Net result:
2005 Euro (204.771)
2004 Euro 643.224
2003 Euro 964.943
The
shareholders equity was as of:
31/12/2005 Euro 4.416.623
31/12/2004 Euro 4.621.395
31/12/2003 Euro 3.978.171
The working
capital was as of:
31/12/2005 Euro 4.509.582
31/12/2004 Euro 5.209.045
31/12/2003 Euro 1.819.971
The parent
company did not register a declaration
of
liability.
Correspondence
address:
Postbus 117
1170 AC BADHOEVEDORP
Website : www.no-excess.com
Banks
ABN-AMRO NV, Schiphol, 58.69.57.731
Mode
of payment
On average 5 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
name
and address
No-Excess B.V.
New Yorkstraat 70
1175 RD LIJNDEN
Tel.:+31
(0)20-6587676
Fax.:+31
(0)20-6595610
The following financial data is retrieved from the corporate balance
sheet of :
No-Excess B.V.
New Yorkstraat 70, 1175 RD
LIJNDEN
Trade register 34073682
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 487.663 689.905
Financial assets 2.471.030 2.718.478
Miscellaneous fixed assets 0 0
Total fixed
assets 2.958.693 3.408.383
Stock 739.208 933.455
Receivables 4.848.575 4.864.503
Shares 0 0
Liquid assets 365.399 31.435
Miscellaneous current assets 0 0
Total current
assets 5.953.182 5.829.393
Shareholders
equity 4.621.395 4.416.623
Provisions 446.343
446.342
Long-term liabilities 3.100.000 3.055.000
Current liabilities 744.137 1.319.811
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 8.911.875 9.237.776
name and address
No-Excess B.V.
New Yorkstraat 70
1175 RD LIJNDEN
Tel.:+31
(0)20-6587676
Fax.:+31
(0)20-6595610
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other income 0 0
Total expenses 3.133.318 4.007.591
Operating profit 394.021 -618.648
Balance financial P/L -83.564 -58.466
Net profit/loss 1] 310.457 -677.114
Taxation 129.738 -224.894
Share in P/L of subsidiaries 462.505 247.448
Net profit/loss 2] 643.224 -204.771
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 643.224 -204.771
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Legend : 1]
= Before tax
2]
= After tax
No-Excess B.V.
New Yorkstraat 70
1175 RD LIJNDEN
Tel.:+31
(0)20-6587676
Fax.:+31
(0)20-6595610
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FINANCIAL
RATIOS
-----2004----- -----2005-----
EQUITY
%
Equity gearing 51,9 47,8
Equity/outside capital 107,7 91,6
LIQUIDITY
Current ratio 8 4,4
Acid test 7 3,7
RATES OF RETURN %
Total assets 3,5 -7,3
Shareholders
equity 6,7 -15,3
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 5.209.045 4.509.582
Shareholders equity
+ Equalization acc. 4.621.395 4.416.623
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. |
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%)