MIRA
INFORM REPORT
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Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
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Name : |
JED TEXTILES B.V. |
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Registered Office : |
Postbus 69166 1060CG Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.05.1998 |
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Reg. No.: |
36053002 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale
of outerwear |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
CONTACTINFORMATION
Company name JED
TEXTILES B.V.
Tradename JED
Textiles B.V.
Address Dorpsweg
44
1697KB Schellinkhout
Netherlands
Mail address Postbus
69166
1060CG Amsterdam
Netherlands
Telephone number 0203468125
Telefax number 0203468147
Mobile phone 0614444749
E-mail address info@jedtextiles.nl
Website www.jedtextiles.nl
VAT number / RSIN 806962963
Special remarks Guaranteed
by the parent company Nieboy B.V. a credit of EUR 30.000 may be granted.
COMPANY INFORMATION
Handelsregisternummer 36053002
Registered in Chamber
of commerce Noordwest-Holland
First registration 10-06-1998
Act of foundation 29-05-1998
Date of constitution 29-05-1998
Legal form Private Company
Place of constitution Hoorn
Issued capital 18.151,21
Paid up capital 18.151,21
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NACE-code |
Wholesale
of outerwear (51421) |
|
SBI-code |
Wholesale
of outerwear (46421) |
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Formal
objective |
Textielproductie
Groothandel in kleding voor dames en heren |
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Employees |
Total:
6 |
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|
|
Employees according
to CoC |
Chamber
of commerce: 6 |
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|
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Bookyear |
2012 |
2010 |
2009 |
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Number |
6 |
20 |
6 |
|
Change |
-70,00% |
233,33% |
0,00% |
COMPANY STRUCTURE
|
Shareholder |
Nieboy
B.V. |
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|
Dorpsweg
44 |
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1697KB
SCHELLINKHOUT |
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Netherlands |
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KvK:
37140651 |
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Active
since: 01-04-2009 |
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Percentage:
100.00% |
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Ultimate parent
company |
Stichting
Administratiekantoor Nieboy |
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Dorpsweg
44 |
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|
1697KB
SCHELLINKHOUT |
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KvK:
37141897 |
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Holding company |
Nieboy
B.V. |
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Dorpsweg
44 |
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|
1697KB
SCHELLINKHOUT |
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KvK:
37140651 |
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Affiliated companies |
Stitch
Fashion B.V. |
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|
Dorpsweg
44 |
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|
1697KB
SCHELLINKHOUT |
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KvK:
37162478 |
Bank ABN Amro Bank NV
Account number: 52.57.04.078
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Real
estate |
Privately-property
owned |
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The
real estate is checked at the land registration office |
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Object
code: VENHUIZEN T 501 |
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Owner:
Johan Eelco Dijkstra |
MANAGEMENT
|
Management |
J.E.
Dijkstra Holding B.V. |
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|
Dorpsweg
44 |
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|
1697KB
SCHELLINKHOUT |
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Netherlands |
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KvK:
36042864 |
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Authorization:
Fully authorized |
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Position:
Manager |
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Date
appointed: 29-05-1998 |
PAYMENT INFORMATION
Payment experiences According to
terms
Payments Based
on multiple payment experiences up to € 7.500
Quarter: 1 2012: 30 Average days
Quarter: 2 2012: 30 Average days
Quarter: 3 2012: 30 Average days
Quarter: 4 2012:
30 Average days
invoices current quarter 2012 Q3 2012 Q2 2012 Q1
Total 20 100% 4.635 3.870 4.778 4.969
Within terms 20 100,0% 4.635 3.870 4.778 4.969
Delayed 0 - 30
Delayed 31 - 60
Delayed 61 - 90
Delayed 91 - 120
Delayed 120+ days
FINANCIAL INFORMATION
Auditor Crop, De Kleuver & Co.
Publication financial statement Annual
accounts 2010 are published on 02-02-2012
Annual accounts 2008 are published on
02-02-2010
Annual accounts 2007 are published on
10-02-2009
Type of publication Corporate
Publication Publication
according to obligations by law
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Quick ratio |
0,69 |
0,92 |
0,73 |
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Current ratio |
0,90 |
1,06 |
0,87 |
|
Nett workingcapital
/ Balance total |
-0,10 |
0,05 |
-0,12 |
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Capital and
reserves / Balance total |
0,01 |
0,01 |
0,01 |
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Capital and
reserves / Fixed assets |
0,09 |
0,10 |
0,10 |
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Solvency |
0,01 |
0,01 |
0,01 |
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Nett workingcapital |
-177.443 |
87.544 |
-159.000 |
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Capital and
reserves |
18.151 |
18.151 |
18.000 |
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Change capital and
reserves |
0,00% |
0,84% |
0,00% |
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change short term
liabilities |
16,60% |
17,09% |
-8,04% |
Annual accounts The company is obligated to publish its annual accounts
Last annual accounts 2010
Tendency
Tendency capital and reserves
Capital and reserves 2010
18.151
Total debt 2010 1.733.969
Current ratio 2010 0,90
Quick ratio 2010 0,69
Nett workingcapital 2010 -177.443
Profitability Negative
Solvency Own resources are worn out
Liquidity Negative
Current- &
Quickratio
BALANCE
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BOOKYEAR |
2010 |
2009 |
2008 |
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End of
bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
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Intangible
assets |
40.019 |
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|
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Tangible
assets |
96.825 |
181.493 |
178.000 |
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Financial
assets |
58.750 |
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Fixed
assets |
195.594 |
181.493 |
178.000 |
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|||
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Stocks and
work in progress |
367.238 |
203.316 |
182.000 |
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Accounts
receivable |
1.156.768 |
775.812 |
546.000 |
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Stocks |
17.100 |
26.230 |
9.000 |
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Liquid
assets |
15.420 |
569.257 |
373.000 |
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Current
assets |
1.556.526 |
1.574.615 |
1.111.000 |
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Total
assets |
1.752.120 |
1.756.108 |
1.288.000 |
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|||
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Capital
and reserves |
18.151 |
18.151 |
18.000 |
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Other
short term debts |
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|
1.270.000 |
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Total
short term debt |
1.733.969 |
1.487.071 |
1.270.000 |
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Total debt |
1.733.969 |
1.487.071 |
1.270.000 |
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Total
Liabilities |
1.752.120 |
1.756.108 |
1.288.000 |
Company structure
- Stichting Administratiekantoor Nieboy
(37141897)
SCHELLINKHOUT
- Nieboy B.V. (37140651)
SCHELLINKHOUT
Subsidiary
- JED Textiles B.V. (36053002)
Schellinkhout
Subsidiary
- Stitch Fashion B.V. (37162478)
SCHELLINKHOUT
Management
relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.