MIRA
INFORM REPORT
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Report Date : |
26.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
GERWIG
DYEWARE COMPANY GEDYECO BV |
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Registered Office : |
Nijverheidstraat 27 7581 PV
Losser |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
14.02.1978 |
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Legal Form : |
BV Private Company Limited |
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Line of Business : |
Manufacture, Processing and
Working of and Wholesale Business in Dye Stuffs and Related Articles. |
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 : |
No Complaints |
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Litigation : |
Clear |
name
& address
Gerwig Dyeware Company Gedyeco BV
Nijverheidstraat
27
7581 PV LOSSER
Tel.:+31
(0)53-5360222
Fax.:+31
(0)53-5382673
Legal status
BV Private Company Ltd. acc. nat. law
Founded
14/02/1978 as Ltd.
Trade register
06051893
Capital
nominal EUR 226.890,--
issued and paid up EUR 45.378,--
Management
G.J. van Buiten, born 19/11/1947,
Signatory
S.G.C. Paans, born
21/08/1945,
Activity
The manufacture,
processing and working of and wholesale business in dye stuffs and related
articles.
Trade name:
-Artichemie
-Frado
-Van Asperen en Co
-Muhlen International
Staff
8 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
-Gedyeco Holding BV,
Nijverheidstraat 27, 7581 PV LOSSER
The
shareholders equity was as of:
31/12/2006 Euro 1.701.777
31/12/2005 Euro 1.722.286
The working
capital was as of:
31/12/2006 Euro 1.589.228
31/12/2005 Euro 1.174.598
Import : Europe,
the USA, Asia and Australia
Export : Europe,
the USA, Asia and Australia
Import
share : 95 %
Export
share : 40 %
Correspondence
address:
Postbus 165
7580
AD LOSSER
Style as
suggested by you is not entirely correct.
Van Buiten
is the name of the manager; S.G. Paans (and
not Paan)
is the name of a signatoree (limited powers).
Website : www.gedyeco.nl
Banks
Rabobank, LOSSER, 38.03.40.844
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Gerwig Dyeware Company Gedyeco BV
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 750.071 683.553
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 750.071 683.553
Stock 675.000 650.000
Receivables 1.317.629 1.017.390
Shares 0 0
Liquid assets 92.440 143.633
Miscellaneous current assets 0 0
Total current assets 2.085.069 1.811.023
Shareholders
equity 1.722.286 1.701.777
Provisions 0 0
Long-term liabilities 202.383 571.004
Current liabilities 910.471 221.795
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.835.140 2.494.576
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 60,7 68,2
Equity/outside capital 154,8 214,7
LIQUIDITY
Current ratio 2,3 8,2
Acid test 1,5 5,2
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 1.174.598 1.589.228
Shareholders
equity + Equalization acc. 1.722.286 1.701.777
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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%)