MIRA INFORM REPORT

 

 

Report Date :

26.03.2011

 

IDENTIFICATION DETAILS

 

Name :

MAXIMUM TRADING B.V

 

 

Registered Office :

Amstelveenseweg 645, 1081JD Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

15.10.1983

 

 

Com. Reg. No.:

33233084

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of health food and diet products

 

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 :

€ 400.000

 

 

Status :

Satisfactory

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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                                      Maximum Trading B.V.

Tradename                                            Maximum Trading B.V.

Address                                                 Amstelveenseweg 645

1081JD Amsterdam

Netherlands

Mail address                                          Amstelveenseweg 645

1081JD Amsterdam

Netherlands

Telephone number                                  0206612820

Telefax number                                       0206445087

E-mail address                                       wolf@maximumtrading.com  

Website                                                                                                            www.maximumtrading.com

 

 

CREDIT LIMIT

 

Credit limit                                              A credit of € 400.000 may be granted

 

 

COMPANY INFORMATION

 

Handelsregisternummer                          33233084

Registered in                                          Chamber of commerce Amsterdam

First registration                                     28-10-1991

Act of foundation                                     07-10-1991

Date of constitution                                 15-10-1983

Continuation date                                   07-10-1991

Legal form                                              Besloten Vennootschap (Limited Company)

Place of constitution                               Amstelveen

Capital                                                   EUR 90.756,04

Issued capital                                         EUR 18.151,21

Paid up capital                                       EUR 18.151,21

NACE-code                                            Wholesale of health food and diet products (513832)

SBI-code                                                Wholesale of other food n.e.c. (46383)

Formal objective                                     De im- en export van en de groothandel in natuurprodukten en aanverwante artikelen, alsmede de fabricage daarvan

(Import and export and wholesale of natural products and related articles and their manufacture)

 

Employees                                                                                                       Total: 7

 

Bookyear                                                                      2009                              2008                              2007

Number                                                                          7                                   5                                   3

Change                                                                          40,00%                          66,67%                 -25,00%

 

 

COMPANY STRUCTURE

 

Ultimate parent company                        FoundationAdministratiekantoor Max J. Wolf Beheer

Herinkhave 13

1081HM AMSTERDAM KvK: 34245634

 

Holding company                                    Max J. Wolf Beheer B.V.

Herinkhave 13

1081HM AMSTERDAM KvK: 33174175

 

 

Affiliated companies                                Max J. Wolf Pensioen B.V.

Herinkhave 13

1081HM AMSTERDAM KvK: 33232215

 

Kowach B.V. Herinkhave 13

1081HM AMSTERDAM

KvK: 3420926

Bankers                                                 Hollandsche Bankers-Unie NV

  Real estate        Lease

  Value: € 36.000

  The real estate is checked at the land registration office

 Object code: No registration

 

 

MANAGEMENT

 

Management                                                      Max J. Wolf Beheer B.V.

Herinkhave 13

1081HM AMSTERDAM Netherlands

KvK: 33174175

Authorization: Fully authorized

Position: Manager

Date appointed: 07-10-1991

 

M.J. Wolf

Max Jaap

Authorization: Fully authorized

Position: Manager

Date appointed: 01-01-1999

Date of birth: 07-05-1956

 

 

W.F.M. Dijkstra Wouter Felix Marcus

Authorization: Fully authorized

Position: Proxy

Date appointed: 01-01-1995

Date of birth: 14-05-1966

 

 

 

PAYMENT INFORMATION

 

Payment experiences                                                                                    No complaints are known

 

 

FINANCIAL INFORMATION

 

Auditor                                                  Londen & Van Holland Accountant and management consultants

 

Auditor's report                                                                                             Negative judgement by the auditor

 

Publication financial statement                28-07-2010

 

Type of publication                                  Corporate

 

Publication                                                                                                       Steady

 

 

Core Figures 

 

BOOK YEAR

2009

2008

2007

Quick Ratio      

0,41

0,30

0,71

Current Ratio    

1,43

1,36

2,08

Nett Working Capital / Balance Total     

0,30

0,26

0,52

Capital and Reserves / Balance Total

0,28

0,27

0,36

Capital and Reserves / Fixed assets                                              

61,26

51,67

55,16

Solvency          

0,41

0,36

0,76

Nett Working capital

5.987.759

6.403.696

6.478.000

Capital and Reserves

5.647.958

6.530.074

4.578.000

Change Capital and Reserves    

-13,51%

42,64%

131,10%

change Short Term Liabilities    

-22,56%

199,05%

-6,66%

Operating Profit

1.958.159

3.016.032

3.747.000

Profitability

Positive

Positive

Positive

 

Annual accounts                                    The company is obligated to publish its annual accounts

Last annual accounts                              2009

 

Type of publication                                 Corporate

 

Gross profit                                            2008: 4.493.000

2007: 4.601.000

2006: 2.831.000

 

Operating profit                                       2008: 3.016.000

2007: 3.747.000

2006: 1.826.000

 

Result after taxes                                   2008: 1.952.000

2007: 2.597.000

2006: 1.093.000

 

Tendency                                 Changeable

 

Tendency capital and reserves

 

 

 

Capital and reserves       2009 5.647.958

 

Total debt                       2009 14.330.809

 

Current ratio                   2009 1,43

 

Quick ratio                     2009 0,41

 

Nett workingcapital         2009 5.987.759

 

Profitability         Positive

Solvency           Positive

Liquidity              Positive

 

Current- & Quickratio

 

 

BALANCE Sheet

 

                                                                                                                                    Currency in Euro

BOOKYEAR      

2009

2008

2007

End of book year

31.12.2009

31.12.2008

31.12.2007

Tangible Assets

91.741

125.920

83.000

Financial Assets

458

458

----

Fixed Assets

92.199

126.378

83.000

Stocks and work in progress

14.132.780

18.925.189

8.210.000

Accounts Receivable

4.827.661

5.167.518

4.003.000

Liquid Assets

926.127

259.870

267.000

Current Assets              

19.886.568

24.352.577

12.480.000

Total Assets

19.978.767

24.478.955

12.562.000

Capital And Reserves

5.647.958

6.530.074

4.578.000

Provisions

432.000

----

----

Trade Debts Suppliers

---

---

2.777.000

Other Short Term Debts

---

---

3.226.000

Total Short Term Debt

13.898.809

17.948.881

6.002.000

Other Liabilities

---

----

1.982.000

Total Debt

14.330.809

17.948.881

7.987.000

Total Liabilities              

19.978.767

24.478.955

12.562.000

 

 

Profit & Loss A/C

                                                                                                                                    Currency in Euro

BOOK YEAR

2009

2008

2007

Gross Profit

3.259.276

4.492.585

4.601.000

Wages Employees

315.521

227.353

206.000

Social Securities

33.529

24.125

----

Pension Costs

32.131

7.212

----

Sales Costs

---

---

19.000

Depreciation and Amortization

40.468

24.508

32.000

Other Operating Charges

879.468

1.193.355

598.000

Operating Charges

1.301.117

1.476.553

854.000

Operating Profit

1.958.159

3.016.032

3.747.000

Financial Income

0

0

----

Financial Charges

463.983

415.647

---

Financial Result

-463.983

-415.647

-263.000

Result before Taxes

1.494.176

2.600.385

3.483.000

Income Taxes

426.292

648.714

886.000

Result after Taxes

1.067.884

1.951.671

2.597.000

Nett Result

1.067.884

1.951.674

2.597.000

 

 

COMPANY STRUCTURE

 

FoundationAdministratiekantoor Max J. Wolf Beheer

(34245634) AMSTERDAM

 

Max J. Wolf Beheer B.V.

(33174175) AMSTERDAM

Subsidiary (100%)

 

Max J. Wolf Pensioen B.V.

(33232215) AMSTERDAM

Several liability relation (100%)

 

Maximum Trading B.V.

(33233084) Amsterdam

Management relation (100%)

 

Kowach B.V.

(34209261) AMSTERDAM

Subsidiary

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.91

Euro

1

Rs.63.28

 

 

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.