MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GENEREX BV |
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Registered Office : |
Delftechpark 26,
2628 XH DELFT |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
27.05.2004 |
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Legal Form : |
BV Private Company Ltd |
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Line of Business : |
Wholesale Business in Construction
Materials |
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 : |
Regular |
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Litigation : |
Clear |
Name & address
Generex BV
Delftechpark 26
2628 XH DELFT
Tel.:+31
(0)15-2850944
Legal status
BV Private Company Ltd. acc. nat. law
Founded
27/05/2004 as Ltd.
Trade register
27267679
Capital
nominal EUR
250.000,--
issued and paid up EUR 50.000,--
Management
S. Kuldipsingh, born 07/11/1973,
Condorstraat 34, PARAMARIBO, SURINAME
Activity
Wholesale business in construction
materials; holding company.
Staff
4 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
The shareholders equity was as
of:
31/12/2006 Euro 68.595
31/12/2005 Euro 28.953
31/12/2004 Euro 50.000
The working capital was as of:
31/12/2006 Euro 43.254
31/12/2005 Euro (8.839)
31/12/2004 Euro 4.000
There is no manager or signatoree on record
with an address in the Netherlands.
Parent company
Beleggingsmaatschappij Duberlysse NV,
Netherlands Antilles
Reg. nr. : 69056
Banks
ABN-AMRO NV
Mode of payment
Within terms
Credit demand
No objections against entering into a business relationship.
The following financial data is
retrieved from the corporate balance sheet of :
Generex
BV
Delftechpark 26, 2628 XH DELFT
Trade register 27267679
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Generex BV *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 37.792 25.341
Financial assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 37.792 25.341
Stock 0 0
Receivables 2.061.173 1.184.509
Shares 0 0
Liquid assets 212.250 70.118
Miscellaneous
current assets 0 0
Total current assets 2.273.423 1.254.627
Shareholders equity 28.953 68.595
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 2.282.262 1.211.373
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.311.215 1.279.968
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 1,3 5,4
Equity/outside
capital 1,3 5,7
LIQUIDITY
Current ratio 1 1
Acid test 1 1
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 -8.839 43.254
Shareholders equity + Equalization acc. 28.953 68.595
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%)