MIRA INFORM REPORT

 

 

Report Date :           

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

ZETEX B.V.

 

 

Registered Office :

Peter Schreursweg 24 -26, 6081NX Haelen

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

18.11.1980

 

 

Com. Reg. No.:

13017383

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Agents involved in the sale of textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

€ 100.000

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

CONTACTINFORMATION    

 

Company name

Zetex B.V.

Tradename

Zetex Body Favourites

Address

Peter Schreursweg 24 -26

 

6081NX Haelen

 

Netherlands

Mail address

Postbus 4006

 

6080AA Haelen

 

Netherlands

Telephone number

0475593855

Telefax number

0475594560

E-mail address

info@zetex.nl

Website

www.zetex.nl

 

 

CREDIT LIMIT

 

Credit limit                     A credit of € 100.000 may be granted Decreased

 

COMPANY INFORMATION

 

Handelsregisternummer                          13017383         

 

Registered in                                          chamber of commerce Limburg

 

First registration                                     18-11-1980

 

Act of foundation                                                                                                                                               18-09-1976       

 

Date of constitution                                                                                                                               15-07-1976       

 

Continuation date                                   18-09-1980

 

Last change in statutes                           16-09-1999

 

Legal form                                              Besloten Vennootschap (Limited Company)

 

Place of constitution                               Roermond

 

Capital                                                   EUR 31.764,62

 

Issued capital                                         EUR 15.882,31

 

Paid up capital                                       EUR 15,882,31

 

 

NACE-code                   Agents involved in the sale of textiles (5116)

 

SBI-code                       Wholesale on a fee or contract basis in textiel, kleding, schoeisel en lederwaren (4616

(Wholesale on a fee or contract basis in textiel, kleding, schoeisel en lederwaren (4616)

 

Formal objective             Het importeren van textiel, de sales en gros en detail van textiel, doch met name van linge- rie, corsetterie en badkleding, agentuurhandel

 

(The import of textiles, wholesale and retail sales of textiles, but particularly odd-ree, corsetry and swimwear, agentuurhandel)

 

Employees                    Total: 21

 

Bookyear                                  2009                 2008                 2007

Number                                     21                     18                     28

Change                                     16,67%             -35,71%                        -9,68%

 

COMPANY STRUCTURE

 

Shareholder                               Euro Textiles Roermond B.V.

Peter Schreursweg 24 6081NX HAELEN

Netherlands

KvK: 13018646

Active since: 25-03-2004

Percentage: 100.00%

 

Ultimate shareholder/ manager F. Zeegers Roermond Beheer B.V.

Voorstad Sint Jacob 91 6041LL ROERMOND Netherlands

KvK: 13009793

Monique Zeegers Holding B.V. Peter Schreursweg 24 6081NX HAELEN Netherlands

KvK: 13025034

 

Pascale Zeegers Holding B.V. Bergerweg 16

6085AT HORN

Netherlands

KvK: 13027608

 

Stichting Administratiekantoor Euro Textiles Roermond

Peter Schreursweg

24 6081NX HAELEN

Netherlands

KvK: 12053997

Ultimate parent company Stichting Administratiekantoor Euro Textiles Roermond

Peter Schreursweg 24 6081NX HAELEN

KvK: 12053997

 

Holding company                       Euro Textiles Roermond B.V.

Peter Schreursweg 24

                                               6081NX HAELEN

                                               KvK: 13018646

 

Affiliated companies                  P & M Zeegers Fashion B.V.

                                               Peter Schreursweg 24

                                               6081NX HAELEN

                                               KvK: 12068161

 

Bankers                        ING Bankers NV

ING Bankers NV

 

Real estate                    Lease

Value:                           € 125.000

The real estate is checked at the land registration office

Object code: F. ZEEGERS ROERMOND BEHEER B.V.

Owner: HAELEN B 1873

 

 

MANAGEMENT

 

Management                 Euro Textiles Roermond B.V.

Peter Schreursweg 24 6081NX

HAELEN Netherlands

KvK: 13018646

Authorization: Fully authorized

Position: Manager

Date appointed: 01-08-2007

 

A.F. Zeegers Alphonsus Franciscus

6081CX

Authorization: Fully authorized

Position: Manager

Date appointed: 18-09-1980

Date of birth: 21-01-1938

 

M.C.M. Zeegers

Monique Catharine Marie

Authorization: Fully authorized

Position: Manager

Date appointed: 01-01-2004

Date of birth: 11-04-1964

R.M.P.J. Peeters

Robert Matheus Peter Johannes

6019CW

Authorization: Limited authorization

Position: Proxy

Date appointed: 28-05-2004

Date of birth: 20-10-1963

 

 

PAYMENT INFORMATION

 

Payment experiences     Payments are regular

 

Payments                     Based on multiple payment experiences up to € 7.500

 

 

invoices

current quarter

2011 Q2

2011 Q1

2010 Q4

Total

39

100%

7.281

2.236

7.619

7.619

Within terms

 

88,6%

6.454

151

6.904

6.904

Delayed 0 - 30

4

9,8%

715

358

715

715

Delayed 31 - 60

 

 

 

 

 

 

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91 - 120

5

0,6%

 

691

 

 

Delayed 120+ days

6

0,9%

67

1.036

 

 

 

 

FINANCIAL INFORMATION

 

Auditor                                                  Baat Accountants en Fiscalisten

 

Publication financial statement                Annual accounts 2009 are published on 27-04-2011

Annual accounts 2008 are published on 20-04-2009

Annual accounts 2007 are published on 01-10-2008

 

Type of publication                                 Corporate

 

Publication Publication according to obligations by law

CORE FIGURES

 

 

 

BOOKYEAR

2009

2008

2007

Quick ratio

1,44

1,13

1,12

Current ratio

1,87

2,01

1,82

Nett workingcapital / Balance total

0,40

0,44

0,38

Capital and reserves / Balance total

0,31

0,20

0,15

Solvency

0,45

0,26

0,17

Capital and reserves / Fixed assets

2,27

1,52

0,96

Nett workingcapital

1.050.129

1.430.315

1.498.000

Capital and reserves

805.228

671.785

573.000

Change capital and reserves

19,86%

17,24%

-36,54%

change short term liabilities

-14,49%

-22,32%

3,41%

 

 

Annual accounts                        The company is obligated to publish its annual accounts

 

Last annual accounts                 2009

 

Tendency                                  Positive

 

Tendency capital and reserves

1000K 500K

 

 

 

 

 

 

 

0

 

 

1

i

 

 

 

2006

2007

2008

2009

 

 


BALANCE SHEET                

 

BOOKYEAR

2009

2008

2007

End of bookyear

31-12-2009

31-12-2008

31-12-2007

Tangible assets

250.115

262.261

363.000

Financial assets

104.984

179.209

235.000

Fixed assets

355.099

441.470

597.000

 

Stocks and work in progress

517.983

1.246.734

1.275.000

Accounts receivable

1.168.206

1.508.445

1.207.000

Liquid assets

570.821

86.588

834.000

Current assets

2.257.010

2.841.767

3.315.000

Total assets

2.612.109

3.283.237

3.912.000

 

Capital and reserves

805.228

671.785

573.000

other long term debts

 

 

1.522.000

Long term liabilities

600.000

1.200.000

1.522.000

Debts to credit institutions

604.927

609.555

 

Other short term debts

601.954

801.897

1.817.000

Total short term debt

1.206.881

1.411.452

1.817.000

Total debt

1.806.881

2.611.452

3.339.000

Total Liabilities

2.612.109

3.283.237

3.912.000

 

 

Company structure

 

Stichting Administratiekantoor Euro Textiles Roermond (12053997)

HAELEN

 

Euro Textiles Roermond B.V. (13018646)

HAELEN

Subsidiary (100%)

 

P & M Zeegers Fashion B.V. (12068161)

HAELEN

Subsidiary

 

Zetex B.V. (13017383)

Haelen

Subsidiary

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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.