MIRA INFORM REPORT

 

 

Report Date :            

23.04.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

JOLO HANDELSONDERNEMING B.V.

 

 

Registered Office :

Watertorenstraat 4, 4921XG Made

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

08.06.1976

 

 

Com. Reg. No.:

18116006

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of outerwear

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

€ 75.000

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Netherlands

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION    

 

Company name

Jolo Handelsonderneming B.V.

Tradename

Jolo Handelsonderneming B.V.

 

Jolo Fashion

Address

Watertorenstraat 4

 

4921XG Made

 

Netherlands

Mail address

Postbus 183

 

4920AD Made

 

Netherlands

Telephone number

0162686634

E-mail address

jolo@jolo.nl

Website

www.jolo.nl

 

 

CREDIT LIMIT    

 

Credit limit

A credit of € 75.000 may be granted

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

18116006

Registered in

Chamber of commerce Zuidwest-Netherlands

Act of foundation

24-12-1985

Date of constitution

08-06-1976

Continuation date

24-12-1985

Legal form

Besloten Vennootschap (Limited Company)

Place of constitution

Low Zwaluwe

Capital

EUR 113.445,05

Issued capital

EUR 34.033,52

Paid up capital

EUR 34.033,52

 

NACE-code                   Wholesale of outerwear (51421)

 

SBI-code                      Wholesale of outerwear (46421)

 

Formal objective           De handel in- en de im- en export van kledingen textiel, een en ander in de meestuitgebreide betekenis genomen

 

(The trade and import and export of textile apparel, and another one in the widest sense taken)

 

Employees                   Total: 21

 

 

Bookyear                                  2010                             2009                             2007

 

Number                                     21                                 17                                 39

Change                                     23,53%                         -56,41%                        95,00%

 

 

Bankers                        ABN Amro Bankers NV

 

Real estate                    Lease

Value: € 135.000

The real estate is checked at the land registration office

Object code: MADE EN DRIMMELEN H 6882

Owner: PATRICK LOHLE ONROHONORND GOED B.V

Description: Watertorenstraat 4

 

 

MANAGEMENT

 

Management                            P.F.M. Lohle

Patrick Frederick Maria

Authorization: Fully authorized

Position: Manager

Date appointed: 30-12-1996

Date of birth: 09-06-1966

 

E.H.E. van den Broek

Edith Hendrika Elisabeth

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-1996

Date of birth: 03-06-1972

 

S.L.G. Oomes-Trieling

Sandra Loes Gaitske

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2000

Date of birth: 05-01-1976

 

J.H.R. Terlouw

Johannes Huibert Remco

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2000

Date of birth: 29-09-1973

 

 

PAYMENT INFORMATION

 

Payment experiences    Payments are regular

 

Payments                     Based on multiple payment experiences up to € 7.500

 

·         Quarter: 3 2010: 46 Average days

·         Quarter: 4 2010: 66 Average days

·         Quarter: 1 2011: 76 Average days

·         Quarter: 2 2011: 72 Average days

 

 

Invoices

Current Quarter

2011 Q1

2010 Q4

2010 Q3

Total

44

100%

4.521

4.528

5.104

4.602

Within terms

16

35,7%

1.614

1.401

850

2.632

Delayed 0 - 30

 

61,9%

2.800

3.007

4.044

1.970

Delayed 31 - 60

 

 

 

 

 

 

Delayed 61 - 90

1

0,0%

 

 

210

 

Delayed 91 - 120

2

1,0%

43

48

 

 

Delayed 120+ days

2

1,4%

64

72

 

 

 

 

FINANCIAL INFORMATION

 

Auditor

Accountants kantoor Unknown

Publication financial statement

Annual accounts 2010 are published on 11-04-2011

 

Annual accounts 2009 are published on 28-06-2010

 

Annual accounts 2008 are published on 29-05-2009

 

Annual accounts 2007 are published on 27-08-2008

Type of publication

Corporate

Publication

Steady

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

0,84

0,60

0,56

Current ratio

1,24

1,41

1,25

Nett workingcapital / Balance total

0,18

0,25

0,18

Capital and reserves / Balance total

0,25

0,31

0,21

Capital and reserves / Fixed assets

3,58

2,16

1,77

Solvency

0,33

0,44

0,27

Nett workingcapital

736.609

672.727

467.000

Capital and reserves

1.004.883

831.209

551.000

Change capital and reserves

20,89%

50,85%

129,58%

change short term liabilities

82,12%

-9,76%

-40,36%

 

Annual accounts                        The company is obligated to publish its annual accounts 2010

 

Last annual accounts                 2010

 

Type of publication                   Corporate

 

Gross profit                              2006: 1.523.000

Operating profit                                     2006: 219.000

Result after taxes                      2006: 192.000

 

Tendency                                  Upward

 

 

BALANCE sheet

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Tangible assets

280.907

385.372

303.000

Financial assets

 

 

7.000

Fixed assets

280.907

385.372

311.000

Stocks and work in progress

1.211.190

1.340.864

1.278.000

Accounts receivable

2.193.219

614.279

1.006.000

Liquid assets

342.897

370.758

15.000

Current assets

3.747.306

2.325.901

2.299.000

Total assets

4.028.213

2.711.273

2.609.000

Capital and reserves

1.004.883

831.209

551.000

Provisions

12.633

 

 

Other Long Term Debts

 

 

227.000

Long Term Liabilities

 

226.890

227.000

Other Short Term Debts

 

 

1.832.000

Total Short Term Debt

3.010.697

1.653.174

1.832.000

Total Debt

3.023.330

1.880.064

2.059.000

Total Liabilities

4.028.213

2.711.273

2.609.000

 

 

Company structure

 

·         Jolo Handelsonderneming B.V. (18116006)

Made

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.30

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.