MIRA
INFORM REPORT
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Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EURETCO LABEL CO. B.V. |
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Registered Office : |
Meidoornkade 22 Houten, 3992 AE |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.09.1982 |
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Com. Reg. No.: |
20076107 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name and address
Euretco Label Co. B.V.
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Business Description
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Euretco Label Company B.V. is primarily engaged in wholesale of yarn;
wholesale of fabrics; wholesale of household linen, etc.; and wholesale of
haberdashery: needles, sewing thread, etc. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
3711 - Textile Product Wholesaling |
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NACE 2002: |
5141 - Wholesale of textiles |
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NAICS 2002: |
424310 - Piece Goods, Notions, and Other
Dry Goods Merchant Wholesalers |
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5141 - Wholesale of textiles |
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US SIC 1987: |
5131 - Piece Goods, Notions, and Other Dry
Good |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Corporate Structure News
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Euretco Label
Co. B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
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Apparel and Accessories |
979.7 |
673 |
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Subsidiary |
Cheung Sha Wan, Kowloon |
Hong Kong |
Apparel and Accessories |
19.3 |
20 |
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Subsidiary |
Houten, Utrecht |
Netherlands |
Apparel and Accessories |
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1 |
Executives Report
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Annual Profit & Loss
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31-Dec-2009 |
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Period Length |
12 Months |
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Filed Currency |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
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Consolidated |
No |
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Gross profit |
9.4 |
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Total payroll costs |
2.9 |
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Change in value of fixed assets arising from revaluation |
0.1 |
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Other operating costs |
5.7 |
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Net operating income |
0.6 |
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Total financial income |
0.0 |
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Total expenses |
0.7 |
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Profit on ordinary activities after tax |
0.0 |
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Total taxation |
0.0 |
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Profit after tax |
0.0 |
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Net loss |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Share premium account |
0.0 |
- |
- |
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Other reserves |
0.2 |
0.2 |
0.0 |
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Total stockholders equity |
0.2 |
0.2 |
0.0 |
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Provisions and allowances |
0.1 |
0.1 |
- |
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Trade creditors |
0.7 |
- |
- |
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Total current liabilities |
11.3 |
8.0 |
- |
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Total liabilities (including net worth) |
11.5 |
8.3 |
0.0 |
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Total tangible fixed assets |
0.4 |
0.6 |
- |
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Total asset investment |
0.1 |
0.1 |
- |
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Total non-current assets |
0.5 |
0.6 |
- |
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Net stocks and work in progress |
4.6 |
1.7 |
- |
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Trade debtors |
5.1 |
- |
- |
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Other receivables |
1.3 |
- |
- |
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Total receivables |
6.4 |
5.9 |
0.0 |
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Cash and liquid assets |
0.1 |
- |
- |
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Total current assets |
11.1 |
7.6 |
0.0 |
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Total assets |
11.5 |
8.3 |
0.0 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.00 |
1.00 |
- |
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Acid test ratio |
0.60 |
0.70 |
- |
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Current liabilities to net worth |
10.00% |
10.00% |
- |
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Fixed assets to net worth |
2.12% |
2.80% |
- |
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Return on assets |
0.00% |
- |
- |
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Shareholders' return |
-0.06% |
- |
- |
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Profit per employee |
-0.30 |
- |
- |
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Return on capital |
-2.49% |
- |
- |
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Average wage per employee |
69.27 |
- |
- |
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Net worth |
0.2 |
0.2 |
0.0 |
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Number of employees |
30 |
33 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.65 |
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1 |
Rs.85.89 |
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Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.