MIRA
INFORM REPORT
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Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
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Name : |
THE SHIRTMAKERS B.V. |
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Registered Office : |
De Beek 10 Hoevelaken, 3871 MS |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
30.11.1977 |
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Com. Reg. No.: |
09037796 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
19 |
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
The Shirtmakers B.V.
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Business Description
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The Shirtmakers B.V. is primarily engaged in wholesale of adults' fur and
leather clothing; wholesale of children's and infants' clothing; wholesale of
footwear; and wholesale of clothing not elsewhere classified. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
371 - Textile, Clothing and Footwear Wholesaling
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
5136 - Men's and Boy's Clothing and
Furnishings |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7571683
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.704672
Corporate Overview
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Corporate Structure News
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The Shirtmakers
B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Vreeland, |
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Miscellaneous Financial Services |
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Subsidiary |
Hoevelaken, |
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Apparel and Accessories |
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19 |
Annual Financial Reports
Financials in: USD (mil)
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.704672 |
0.739044 |
0.753182 |
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Consolidated |
No |
No |
No |
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Share premium account |
0.0 |
0.0 |
0.0 |
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Other reserves |
2.4 |
2.8 |
2.3 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Total stockholders equity |
2.4 |
2.8 |
2.3 |
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Total long-term liabilities |
- |
- |
0.0 |
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Total current liabilities |
2.4 |
2.4 |
1.7 |
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Total liabilities (including net worth) |
4.8 |
5.3 |
4.1 |
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Intangibles |
0.1 |
- |
- |
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Total tangible fixed assets |
0.3 |
0.6 |
0.8 |
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Total non-current assets |
0.3 |
0.6 |
0.8 |
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Net stocks and work in progress |
0.5 |
0.1 |
0.1 |
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Total receivables |
3.9 |
2.5 |
2.4 |
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Cash and liquid assets |
0.0 |
2.0 |
0.8 |
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Total current assets |
4.5 |
4.7 |
3.3 |
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Total assets |
4.8 |
5.3 |
4.1 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
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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 |
0.704672 |
0.739044 |
0.753182 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.80 |
1.90 |
1.90 |
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Acid test ratio |
1.60 |
1.90 |
1.80 |
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Current liabilities to net worth |
1.04% |
0.86% |
0.75% |
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Fixed assets to net worth |
0.15% |
0.20% |
0.33% |
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Net worth |
2.3 |
2.8 |
2.3 |
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Number of employees |
29 |
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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.55.34 |
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1 |
Rs.86.55 |
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Euro |
1 |
Rs.67.95 |
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.