MIRA INFORM REPORT

 

 

Report Date :

04.12.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

CARETREX B.V.

 

 

Registered Office :

Kapelmeesterlaan 86 90, 5049NL Tilburg

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.12.2003

 

 

Com. Reg. No.:

18072331

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Forwarding agencies

 

 

No. of Employees :

08 employees

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

 

CONTACTINFORMATION

 

Company name

Caretrex B.V.

 

 

Tradename

Caretrex B.V.

 

Caretrex Warehousing & Logistics

 

 

Address

Kapelmeesterlaan 86 90

 

5049NL Tilburg

 

Netherlands

 

 

Mail address

Postbus 4121

 

5004JC Tilburg

 

Netherlands

Telephone number

0135447027

Telefax number

0135434900

E-mail address

info@caretrex.com

Website

www.caretrex.com

 

 

VAT number / RSIN

812699816

 

 

COMPANY INFORMATION

 

Handelsregisternummer 18072331

Registered in                             Chamber of commerce Brabant

First registration                         01-12-2003

Act of foundation                        28-11-2003

Date of constitution                    28-11-2003

Legal form                                 Besloten Vennootschap (Limited Company)

Place of constitution                   Tilburg

 

Issued capital

Paid up capital

18.500

18.500

 

 

 

NACE-code

Forwarding agencies (63401)

SBI-code

Forwarding agencies (52291)

Formal objective

De inslag, storage and warehousing en uitslag van goods, het verplaatsen, sorteren en het voorraadbeheer van goods

 

Employees                                            Total: 8

Employees according to CoC                  Chamber of commerce: 8

 

Bookyear                                             2012                 2011                 2010

Number                                                 8                                             19 18

Change                                                 -57,89%            5,56%               125,00%

 

COMPANY STRUCTURE

 

Shareholder                   Caretrex Beheer B.V.

Kapelmeesterlaan 86

5049NL TILBURG

Netherlands

KvK: 17227248

Active since: 29-05-2008

Percentage: 100.00%

 

Ultimate parent company Abelot B.V.

Kapelmeesterlaan 86

5049NL TILBURG

KvK: 17227219

 

Holding company           Caretrex Beheer B.V.

Kapelmeesterlaan 86

5049NL TILBURG

KvK: 17227248

 

Affiliated companies       Caretrex Supply & Services B.V.

Kapelmeesterlaan 86

5049NL TILBURG

KvK: 17240379

 

Bank

Fortis Bank (Netherlands) NV

 

Account number: 24.46.38.012

 

ABN Amro Bank NV

 

 

MANAGEMENT

 

Management

Caretrex Beheer B.V.

 

Kapelmeesterlaan 86

 

5049NL TILBURG

 

Netherlands

 

KvK: 17227248

 

Authorization: Fully authorized

 

Position: Manager

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 7.500

l                                                                                                      Quarter: 1 2012: 68 Average days

l                                                                                                      Quarter: 2 2012: 67 Average days

l                                                                                                      Quarter: 3 2012: 56 Average days

l                                                                                                     Quarter: 4 2012: 59 Average days

 

 

 

invoices

current quarter

2012 Q3

2012 Q2

2012 Q1

Total

29

100%

15.436

15.331

15.853

15.886

Within terms

10

29,9%

4.615

5.624

4.615

5.048

Delayed 0 - 30

16

70,1%

10.821

9.707

8.275

7.320

Delayed 31 - 60

3

0,0%

 

 

2.963

3.518

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91 - 120

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Publication financial statement

Annual accounts 2011 are published on 15-06-2012

 

Annual accounts 2010 are published on 28-06-2011

 

Annual accounts 2009 are published on 29-04-2011

 

Annual accounts 2008 are published on 21-10-2009

 

Annual accounts 2007 are published on 29-04-2008

Type of publication

Corporate

Publication

Steady

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2011

2010

2009

Quick ratio

1,02

1,17

1,42

Current ratio

1,02

1,17

1,42

Nett workingcapital / Balance total

0,02

0,14

0,28

Capital and reserves / Balance total

0,13

0,18

0,33

Capital and reserves / Fixed assets

1,18

3,96

6,13

Solvency

0,16

0,22

0,50

Nett workingcapital

14.565

247.901

359.719

Capital and reserves

96.272

331.577

429.895

Change capital and reserves

-70,97%

-22,87%

37,35%

change short term liabilities

-58,21%

73,67%

-43,76%

 

 

BALANCE sheet

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Tangible assets

22.881

83.676

70.176

Financial assets

58.826

 

 

Fixed assets

81.707

83.676

70.176

 

Accounts receivable

626.175

1.452.866

1.021.130

Liquid assets

9.188

280.728

194.040

Current assets

635.363

1.733.594

1.215.170

Total assets

717.070

1.817.270

1.285.346

 

Capital and reserves

96.272

331.577

429.895

Total short term debt

620.798

1.485.693

855.451

Total debt

620.798

1.485.693

855.451

Total Liabilities

717.070

1.817.270

1.285.346

 

 

Company structure

 

l      Abelot B.V. (17227219) TILBURG

l      Caretrex Beheer B.V. (17227248)

TILBURG

Management relation

 

l      Caretrex Supply & Services B.V. (17240379)

TILBURG

Subsidiary (100%)

 

l      Caretrex B.V. (18072331) Tilburg

Subsidiary (100%) Vritra B.V. (17240395)

TILBURG

Management relation

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.56

UK Pound

1

Rs.87.46

Euro

1

Rs.71.08

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.