MIRA INFORM REPORT

 

 

Report Date :           

08.12.2011

 

IDENTIFICATION DETAILS

 

Name :

THE SHIRTMAKERS B.V.

 

 

Registered Office :

De Beek 10, Hoevelaken, 3871 MS

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

30.11.1977

 

 

Com. Reg. No.:

090377960000

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Wholesale Distribution of men's and boys' apparel and furnishings, sportswear, hosiery, underwear, nightwear, and work clothing.

 

 

No. of Employees :

14 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

The Shirtmakers B.V.

De Beek 10

Hoevelaken, 3871 MS

Netherlands

Tel:       +31 033-2581570

Fax:      +31 0881-020401

 

 

Synthesis

 

Employees:                  14

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             R.S.V.P. Vreeland B.V.

Incorporation Date:         30-Nov-1977     

Financials in:                 USD (Millions)

 Fiscal Year End:           31-Mar-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                5.3

 

 

Business Description

 

The Shirtmakers B.V. is primarily engaged in the wholesale distribution of men's and boys' apparel and furnishings, sportswear, hosiery, underwear, nightwear, and work clothing.

 

Industry

Industry            Apparel and Accessories

ANZSIC 2006:    371 - Textile, Clothing and Footwear Wholesaling

NACE 2002:      5142 - Wholesale of clothing and footwear

NAICS 2002:     4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

UK SIC 2003:    5142 - Wholesale of clothing and footwear

US SIC 1987:    5136 - Men's and Boy's Clothing and Furnishings

 

Registered No.(NLD): 090377960000

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7086099

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7390437

 

 

Corporate Overview

 

Location

De Beek 10

Hoevelaken, 3871 MS

Netherlands

Tel:       +31 033-2581570

Fax:      +31 0881-020401

           

Sales EUR(mil):             NA

Assets EUR(mil):           3.9

Employees:                   14

Fiscal Year End:            31-Mar-2010

Industry:                        Apparel and Accessories

Incorporation Date:         30-Nov-1977

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(NLD):     090377960000

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

371       -          Textile, Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

5142     -          Wholesale of clothing and footwear

 

NAICS 2002 Codes:

4243     -          Apparel, Piece Goods, and Notions Merchant Wholesalers

 

US SIC 1987:

5136     -          Men's and Boy's Clothing and Furnishings

 

UK SIC 2003:

5142     -          Wholesale of clothing and footwear

 

Business Description

The Shirtmakers B.V. is primarily engaged in the wholesale distribution of men's and boys' apparel and furnishings, sportswear, hosiery, underwear, nightwear, and work clothing.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

3.9

Current Assets:

3.5

 

Total Liabilities:

3.9

 

Net Worth:

2.1

 

 

 

Date of Financial Data:

31-Mar-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

ABN AMRO Bank NV

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

R.S.V.P. Vreeland B.V.
The Shirtmakers B.V.

The Shirtmakers B.V. 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

R.S.V.P. Vreeland B.V.

Parent

Vreeland, Utrecht

Netherlands

Miscellaneous Financial Services

 

 

 

The Shirtmakers B.V.

Subsidiary

Hoevelaken, Gelderland

Netherlands

Apparel and Accessories

 

14

 

 

 

 

 

 

Annual Financial Reports

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.739044

0.753182

0.631094

Consolidated

No

No

No

 

 

 

 

Share premium account

0.0

0.0

0.0

Other reserves

2.8

2.3

2.6

Total reserves

0.0

0.0

0.0

Total stockholders equity

2.8

2.3

2.6

Total long-term liabilities

-

0.0

0.1

Total current liabilities

2.4

1.7

5.0

Total liabilities (including net worth)

5.3

4.1

7.7

Total tangible fixed assets

0.6

0.8

0.9

Total non-current assets

0.6

0.8

0.9

Net stocks and work in progress

0.1

0.1

0.2

Total receivables

2.5

2.4

3.0

Cash and liquid assets

2.0

0.8

3.5

Total current assets

4.7

3.3

6.8

Total assets

5.3

4.1

7.7

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.739044

0.753182

0.631094

Consolidated

No

No

No

 

 

 

 

Current ratio

1.90

1.90

1.40

Acid test ratio

1.90

1.80

1.30

Current liabilities to net worth

0.86%

0.75%

1.90%

Fixed assets to net worth

0.20%

0.33%

0.35%

Net worth

2.8

2.3

2.6

Number of employees

-

-

20

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.45

UK Pound

1

Rs.80.38

Euro

1

Rs.69.12

 

 

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

----

NB

New Business

----

 

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.