MIRA INFORM REPORT

 

 

Report Date :

21.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BUZZARD COMPANY B.V.

 

 

Registered Office :

Industrieweg 10, 4311RM Bruinisse

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

02.09.2005

 

 

Com. Reg. No.:

22058901

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Manufacture of outerwear

 

 

No. of Employees :

1

 

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

 

Status :

Good

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

Buzzard Company B.V.

Tradename

Buzzard Company B.V.

Address

Industrieweg 10

 

4311RM Bruinisse

 

Netherlands

Mail address

Industrieweg 10

 

4311RM Bruinisse

 

Netherlands

Telephone number

0111-439499

Telefax number

0111-482451

E-mail address

info@buzzard.nl

Website

www.buzzard.nl

VAT number / RSIN

814869580

 

 

COMPANY INFORMATION

 

Handelsregisternummer 22058901

Registered in Chamber of            commerce Zuidwest-Netherlands

First registration                         09-09-2005

Act of foundation                         02-09-2005

Date of constitution                     02-09-2005

Legal form                                 Besloten Vennootschap

Place of constitution                   Bruinisse

Capital                                      EUR 90.000

Issued capital                            EUR 18.000

Paid up capital                           EUR 18.000

 

NACE-code

Manufacture of outerwear (182201)

 

Retail sale of ladies' and men's outerwear (general assortment) (524241)

SBI-code

Manufacture of other outerwear (1413)

Formal objective

De fabricage en im- en export van alsmede de groothandel in kleding en modische

 

accessoires.

 

Employees                                Total: 1

 

Bookyear                                 2012                             2011                             2010

Number                                          1                                  1                                  1

Change                                     0,00%                           0,00%

 

 

COMPANY STRUCTURE

 

Shareholder                               Buzzard Holding B.V.

Industrieweg 10

4311RM BRUINISSE

Netherlands

KvK: 22058902

Active since: 02-09-2005

Percentage: 100.00%

 

Ultimate shareholder/ manager  Stichting Administratiekantoor Baloe Holding

Kievitstraat 19

4302WC ZIERIKZEE

Netherlands

KvK: 50392743

 

Hoep Beheer B.V.

Korte Ring 19

4311AP BRUINISSE

Netherlands

KvK: 22037249

 

Aarloma Beheer B.V.

Tarwestraat 18

4311CK BRUINISSE

Netherlands

KvK: 22054965

 

Ultimate parent company            Stichting Administratiekantoor Baloe Holding

Kievitstraat 19

4302WC ZIERIKZEE

KvK: 50392743

 

Holding company                       Buzzard Holding B.V.

Industrieweg 10

4311RM BRUINISSE

KvK: 22058902

 

 

Bank                                         ING Bank NV

 

 

MANAGEMENT

                                      

Management

Buzzard Holding B.V.

 

Industrieweg 10

 

4311RM BRUINISSE

 

Netherlands

 

KvK: 22058902

 

Authorization: Fully authorized

 

Position: General director

 

Date appointed: 02-09-2005

PAYMENT INFORMATION

 

Payment experiences                 There are no payment experiences known

 

 

FINANCIAL INFORMATION 

 

Publication financial statement

Annual accounts 2011 are published on 27-04-2012

 

Annual accounts 2010 are published on 01-06-2011

 

Annual accounts 2009 are published on 10-03-2010

 

Annual accounts 2008 are published on 18-06-2009

 

Annual accounts 2007 are published on 27-08-2008

Type of publication

Corporate

Publication

Steady

 

 

CORE FIGURES

                                                                                                                                      

BOOKYEAR

2011

2010

2009

Quick ratio

4,42

3,45

3,72

Current ratio

4,42

3,45

3,72

Nett workingcapital / Balance total

0,77

0,71

0,73

Capital and reserves / Balance total

0,77

0,71

0,73

Capital and reserves / Fixed assets

-

-

-

Solvency

3,42

2,45

2,72

Nett workingcapital

754.161

585.673

419.996

Capital and reserves

754.161

585.673

419.996

Change capital and reserves

28,77%

39,45%

72,84%

change short term liabilities

-7,66%

54,49%

4,44%

 

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2011

Tendency                                  Constant

 

Tendency capital and reserves

 

Capital and reserves                   2011 754.161

Total debt                                  2011 220.515

Current ratio                              2011 4,42

Quick ratio                                2011 4,42

Nett workingcapital                     2011 754.161

 

Profitability                                Positive

Solvency                                   More than sufficient

Liquidity                                    More than sufficient

 

Current- & Quickratio

 

Currency                                   Euro

 

 

BALANCE

                                                                                                                                    

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

 

Accounts receivable Liquid assets Current assets

967.161 7.515 974.676

819.677

4.794 824.471

536.722

37.841

574.563

Total assets

974.676

824.471

574.563

 

Capital and reserves Total short term debt Total debt

754.161 220.515

220.515

585.673 238.798 238.798

419.996 154.567

154.567

Total Liabilities

974.676

824.471

574.563

 

Company structure

 

Stichting Administratiekantoor Baloe Holding (50392743)

ZIERIKZEE

·         Baloe Holding B.V. (22026051)

ZIERIKZEE

Subsidiary (100%)

o        Midas B.V. (22026807)

ZIERIKZEE

Subsidiary (100%)

§         Anlaro B.V. (22052971)

ZIERIKZEE

Subsidiary (100%)

§         Geronimo Holding B.V. (22037285)

BRUINISSE

Management relation

§         Geronimo B.V. (22025818)

BRUINISSE

Subsidiary

·         Buzzard Holding B.V. (22058902)

BRUINISSE

Management relation

§         Buzzard Company B.V. (22058901)

Bruinisse

Subsidiary (100%)

§         (55487653)

 

Management relation

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.58

Euro

1

Rs.67.60

 

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

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.