MIRA INFORM REPORT

 

 

Report Date :           

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

ENGELVAART TRICOT B.V.

 

 

Registered Office :

Mercuriusweg 3, 2741TB Waddinxveen

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

11.06.1993

 

 

Com. Reg. No.:

29039780

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of textiles

 

 

No. of Employees :

20

 

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

 

Maximum Credit Limit :

€ 400.000

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACT INFORMATION   

 

Company name

Engelvaart Tricot B.V.

Tradename

Engelvaart Tricot B.V.

 

Engelvaart Bodywear

Address

Mercuriusweg 3

 

2741TB Waddinxveen

 

Netherlands

Mail address

Mercuriusweg 3

 

2741TB Waddinxveen

 

Netherlands

Telephone number

0182516195

Telefax number

0182571133

E-mail address

info@engelvaartbodywear.com

Website

www.engelvaartbodywear.nl / www.beeren-tricot.nl

VAT number / RSIN

801663404

 

 

CREDIT LIMIT

 

Credit limit Risk factor                A credit of € 400.000 may be granted

 

 

History

NIEUWE GOUWE OZ 40

 

2803 RA GOUDA

 

Date modified: 3-2-2011

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

29039780

Registered in

Chamber of commerce Rotterdam

First registration

11-06-1993

Act of foundation

28-05-1993

Date of constitution

29-04-1951

Continuation date

28-05-1993

Legal form

Besloten Vennootschap (Limited Company)

Place of constitution

Gouda

Capital

EUR 1.361.340,65

Issued capital

EUR 453.780,22

Paid up capital

EUR 453.780,22

 

 

NACE-code

MANUFACTURE OF TEXTILES (17)

SBI-code

MANUFACTURE OF TEXTILES (13)

 

Manufacture of knitted and crocheted apparel (none kousen en sokken) (1439)

 

Wholesale of outerwear (46421)

 

Wholesale of underwear (46423)

Formal objective

De vervaardiging van en de groothandel in tricotages in de ruimste zin des woords.

 

(The manufacture and wholesale stocking passages in the broadest sense.)

 

Employees

Total: 20

 

 

Employees according to CoC

Chamber of commerce: 20

 

 

Bookyear

2012

2010

2009

Number

20

17

22

Change

17,65%

-22,73%

-55,10%

 

 

COMPANY STRUCTURE

 

Shareholder

P. Engelvaart Holding B.V.

 

Mercuriusweg 3

 

2741TB WADDINXVEEN

 

Netherlands

 

KvK: 24481378

 

Active since: 31-03-2010

 

Percentage: 100.00%

Holding company

P. Engelvaart Holding B.V.

 

Mercuriusweg 3

 

2741TB WADDINXVEEN

 

KvK: 24481378

Affiliated companies

Engelvaart Real estate B.V.

 

Mercuriusweg 3

 

2741TB WADDINXVEEN

 

KvK: 24481376

Company structure

SUBSIDIARY:

 

INXTU KNIT'S SARL

 

INBOULBA

 

- percentage: 50,0 %

 

 

Bank                                         ABN Amro Bank NV

 

Real estate                                Lease

The real estate is checked at the land registration office

Object code: GOUDA M 4491

Owner: ENGELVAART EXPLOITATIE B.V.

 

 

MANAGEMENT   

 

 

 

Management

P. Engelvaart Holding B.V.

 

Mercuriusweg 3

 

2741TB WADDINXVEEN

 

Netherlands

 

KvK: 24481378

 

Authorization: Limited authorization

 

Position: Manager

 

Date appointed: 31-03-2010

 

 

 

A.J. ENGELVAART

 

Male

 

Resigned

 

Authorization: Alleen bevoegd

 

Position: Manager

 

Date appointed: 28-05-1993

 

Date of birth: 24-05-1954

 

 

 

P.J.W. ENGELVAART

 

Male

 

Resigned

 

Authorization: Alleen bevoegd

 

Position: Proxy

 

Date appointed: 22-05-2008

 

Date of birth: 13-02-1981

 

 

PAYMENT INFORMATION

 

Payment experiences                             According to terms                                            

Payments                                             based on multiple payment experiences up to € 2.000

 

·         Quarter: 2 2011: 69 Average days

·         Quarter: 3 2011: 30 Average days

·         Quarter: 4 2011: 30 Average days

·         Quarter: 1 2012: 30 Average days

 

Quarter

 

Invoices

Current Quarter

2011 Q4

2011 Q3

2011 Q2

Total

49

100%

3.697

4.395

4.108

10.553

Within terms

39

100,0%

 

 

 

945

Delayed

0 – 30

8

0,0%

 

 

 

8.978

Delayed

31 - 60

2

0,0%

 

 

 

630

Delayed

61 - 90

 

 

 

 

 

 

Delayed

91 - 120

 

 

 

 

 

 

Delayed

120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

 

Auditor                                      ADM. OFFICE W. BORSBUNCLE

VLAARDINGEN

 

Publication financial statement

·         Annual accounts 2010 are published on 14-11-2011

·         Annual accounts 2009 are published on 29-07-2010

·         Annual accounts 2008 are published on 19-11-2009

·         Annual accounts 2007 are published on 12-02-2009

Type of publication

 

Publication

Corporate

 

Publication according to obligations by law

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

                                1,77

0,56

0,72

Current ratio

3,26

1,04

1,36

Nett workingcapital / Balance total

0,64

0,04

0,25

Capital and reserves / Balance total

0,31

0,09

0,29

Capital and reserves / Fixed assets

4,30

1,84

6,53

Solvency

0,45

0,09

0,41

Nett workingcapital

5.033.181

329.392

2.363.000

Capital and reserves

2.398.912

698.970

2.722.000

Change capital and reserves

243,21%

-74,32%

0,00%

change short term liabilities

-69,91%

12,43%

43,98%

Operating profit

2.572.279

2.441.463

2.603.000

Profitability operating profit

positive

positive

positive

 

Annual accounts                        The company is obligated to publish its annual accounts

 

Last annual accounts                 2010

Type of publication                     Corporate

Gross profit                               2010: 4.213.013

2009: 4.675.899

2008: 4.846.000

2007: 5.019.000

2006: 6.465.000

2005: 5.933.000

 

 

Operating Profit                          2010:  2.572.279

                                                2009:  2.441.463

2008: 2.603.000

2007: 3.074.000

2006: 3.578.000

2005: 3.147.000

 

 

Result after taxes                       2010: 4.180.125

2009: 1.789.353

2008: 2.050.000

2007: 2.276.000

2006: 2.350.000

2005: 2.093.000

 

Tendency                                  Changeable


Balance sheet

 

BOOKYEAR

2010

2009

2008

End of book year

31-12-2010

31-12-2009

31-12-2008

Tangible assets

86.599

85.177

204.000

Financial assets

470.920

294.194

213.000

Fixed assets

557.519

379.371

417.000

 

Stocks and work in progress

3.310.952

3.552.644

4.223.000

Accounts receivable

2.125.865

2.890.572

3.839.000

Liquid assets

1.823.359

1.288.422

886.000

Current assets

7.260.176

7.731.638

8.947.000

Total assets

7.817.695

8.111.009

9.364.000

 

Capital and reserves

2.398.912

698.970

2.722.000

Provisions

41.788

9.793

59.000

Long term liabilities

3.150.000

 

 

Other short term debts

2.226.995

7.402.246

6.584.000

Total short term debt

2.226.995

7.402.246

6.584.000

Total debt

5.418.783

7.412.039

6.643.000

Total Liabilities

7.817.695

8.111.009

9.364.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2010

2009

2008

Gross profit

4.213.013

4.675.899

4.846.000

Wages employees

948.277

1.542.043

1.440.000

Depreciation and amortization

32.888

54.780

61.000

Other operating charges

659.569

637.613

742.000

Operating charges

1.640.734

2.234.436

2.243.000

Operating profit

2.572.279

2.441.463

2.603.000

Financial income

27.344

17.038

33.000

Financial charges

209.637

156.065

151.000

Financial result

-182.293

-139.027

-117.000

Result participations

173.169

71.173

21.000

Result before taxes

2.563.155

2.373.609

2.506.000

Income taxes

625.298

567.990

473.000

Result after taxes

1.937.857

1.805.619

2.033.000

Extraordinary income

112.085

 

17.000

Extraordinary charges

 

16.266

 

Extraordinary result

112.085

16.266

17.000

Taxes on extraordinary result

112.085

-16.266

17.000

Extraordinary result after taxes

112.085

-16.266

17.000

Nett result

2.049.942

1.789.353

2.050.000

 

History                 

 

Management                 Since    31-03-2010 manager 24481378 P. Engelvaart Holding B.V. appointed.

                                    Since    31-03-2010 manager Adriaan Jan Engelvaart out of office.

                                    Since    31-03-2010 is Proxy Patricia Johanna Wilhelmina Buis-Engelvaart out of

office.

 

 

Company structure

 

P. Engelvaart Holding B.V. (24481378) WADDINXVEEN

 

Engelvaart Real estate B.V. (24481376)

WADDINXVEEN

Subsidiary (100%)

 

Engelvaart Tricot B.V. (29039780)

Waddinxveen

Subsidiary (100%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                      


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.94

UK Pound

1

Rs.77.95

Euro

1

Rs.65.94

 

 

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.