|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
CONDOR CARPETS B.V. |
|
|
|
|
Registered Office : |
Randweg 14, 8061RW |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
22.03.1973 |
|
|
|
|
Com. Reg. No.: |
05054016 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of carpets
and rugs |
|
|
|
|
No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
€ 250.000 |
|
Status : |
Moderate |
|
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company name |
Condor Carpets B.V. |
|
Tradename |
Condor Carpets B.V. |
|
Address |
Randweg 14 |
|
|
8061RW |
|
|
|
|
Mail address |
Postbus 21 |
|
|
8060AA |
|
|
|
|
Telephone number |
0384778111 |
|
Telefax number |
0384778122 |
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E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
802729964 |
A credit of € 250.000 may
be granted Slightly increased
Handels
register number Registered in 05054016
Registered
Chamber
of commerce Oost
First
registration 20-05-1994
Act
of foundation 11-03-1994
Date
of constitution 22-03-1973
Continuation
date 11-03-1994
Last
change in statutes 16-05-2006
Legal
form Besloten
Vennootschap
Place
of constitution
|
Capital |
EUR 91.000 |
|
Issued capital |
EUR 18.200 |
|
Paid up capital |
EUR 18.200 |
|
NACE-code |
Manufacture of carpets
and rugs (1751) |
|
|
Manufacture of carpets
(175102) |
|
SBI-code |
Manufacture of carpets
and rugs (1393) |
|
|
Wholesale of furnishing
textiles and floor coverings (46472) |
|
Formal objective |
Vervaardigen en de
groothandel in en export van stoffen, tapijten en soortgelijke |
|
|
aanverwante zaken. |
|
Employees |
Total: 130 |
|
|
|
Employees according to
CoC |
Chamber of commerce: 130 |
|
|
|
Bookyear |
2012 |
2010 |
2009 |
|
Number |
130 |
183 |
130 |
|
Change |
-28,96% |
40,77% |
-8,45% |
Shareholder Condor
Capital B.V.
Randweg 4
8061RW
KvK:
33278238
Active since: 31-12-2008
Percentage: 100.00%
Ultimate shareholder/
manager B.V. Hoekman
Commercial Technical and Business Managing
Greente 3
8281KL GENEMUIDEN
KvK: 05035871
Hoekman Management B.V.
Roebol 36
8281LM GENEMUIDEN
KvK: 05042738
Ultimate parent company B.V. Hoekman Commercial
Technical and Business Managing
Greente 3
8281KL
GENEMUIDEN
KvK: 05035871
Holding company Condor
Capital B.V. Randweg 4
8061RW
KvK: 33278238
Affiliated companies VeBe
Floorcoverings B.V.
Inslag 12
8281JV Genemuiden
KvK: 05022291
Condor Cartex B.V. Inslag 12
8281JV GENEMUIDEN
KvK: 05086004
Ossfloor Tapijtfabrieken B.V.
Kantsingel 15
5349AJ
KvK: 16020110
|
Bank |
ING Bank NV |
|
|
Account number:
68.10.48.786 |
|
|
ING Bank NV |
|
|
Account number:
69.18.11.504 |
Management Condor
Capital B.V.
Randweg
4
8061RW
KvK:
33278238
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 31-12-2008
D.
Abma Dennis
Authorization:
Limited authorization Position: Proxy Date appointed: 01-07-2004 Date of birth:
25-02-1983
L. Elken
Lennart
Authorization:
Limited authorization Position: Proxy Date appointed: 26-09-2001 Date of birth:
01-09-1972
G. Hoekman
Gerrit
Authorization:
Fully authorized Position: Proxy Date appointed: 17-01-1995 Date of birth:
20-04-1960
J.
Hoekman Jan
Authorization:
Fully authorized Position: Proxy Date appointed: 17-01-1995 Date of birth:
17-03-1955
R.H.
Oostenbrink Roelof Hendrik
Authorization:
Limited authorization Position: Proxy Date appointed: 26-09-2001 Date of birth:
16-02-1964
F.R.K.
Scheper
Frank
Robbert Kors
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 26-09-2001
Date
of birth: 10-03-1971
R.E.
Scholte Renee Erwin
Authorization:
Limited authorization Position: Proxy Date appointed: 11-06-2004 Date of birth:
17-03-1967
H. Wielink
Hendrikje
Authorization:
Limited authorization Position: Proxy Date appointed: 21-02-2000 Date of birth:
28-12-1972
Payment experiences Payments are regular
Payments Based on multiple payment
experiences up to € 50.000
Quarter:
3 2011: 65 Average days Quarter: 4 2011: 48 Average days Quarter: 1 2012: 50
Average days Quarter: 2 2012: 86 Average days
|
|
invoices |
current quarter |
2012 Q1 |
2011 Q4 |
2011 Q3 |
|
|
Total |
165 |
100% |
244.574 |
295.739 |
308.230 |
267.464 |
|
Within terms |
107 |
77,7% |
190.033 |
168.000 |
159.738 |
212.066 |
|
Delayed 0 - 30 |
37 |
7,2% |
17.678 |
123.743 |
148.492 |
35.356 |
|
Delayed 31 - 60 |
|
|
|
|
|
|
|
Delayed 61 - 90 |
6 |
4,4% |
10.655 |
3.996 |
|
|
|
Delayed 91 - 120 |
6 |
4,3% |
10.483 |
|
|
8.017 |
|
Delayed 120+ days |
9 |
6,4% |
15.725 |
|
|
12.025 |
Auditor Deloitte & Touche
Publication financial
statement Annual accounts
2010 are published on 30-01-2012
Annual accounts 2009 are published on 10-06-2010
Annual accounts 2008 are published on 18-02-2010
Annual accounts 2007 are published on 26-09-2008
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,50 |
0,45 |
0,63 |
|
Current ratio |
1,20 |
1,21 |
1,10 |
|
Nett workingcapital /
Balance total |
0,16 |
0,17 |
0,09 |
|
Capital and reserves /
Balance total |
0,16 |
0,17 |
0,11 |
|
Capital and reserves /
Fixed assets |
3,51 |
3,44 |
2,71 |
|
Solvency |
0,20 |
0,21 |
0,12 |
|
Nett workingcapital |
10.079.000 |
10.575.000 |
8.121.000 |
|
Capital and reserves |
10.225.000 |
10.768.000 |
10.036.000 |
|
Change capital and
reserves |
-5,04% |
7,29% |
-25,88% |
|
change short term
liabilities |
-0,74% |
-38,62% |
39,62% |
|
Nett Turnover |
132.040.000 |
137.386.000 |
139.458.000 |
|
Operating profit |
|
2.693.000 |
-1.857.000 |
|
Profitability operating
profit |
|
positive |
negative |
|
Last annual accounts |
2010 |
|
|
Type of publication |
Corporate |
|
|
Turnover |
2010: |
132.040.000 |
|
|
2009: |
137.386.000 |
|
|
2008: |
139.458.000 |
|
|
2007: |
148.091.000 |
|
|
2006: |
127.265.000 |
|
|
2005: |
111.133.000 |
|
Gross profit |
2007: |
27.817.000 |
|
|
2006: |
23.477.000 |
|
|
2005: |
19.612.000 |
|
Operating profit |
2009: |
2.693.000 |
|
|
2008: |
-1.857.000 |
|
|
2007: |
4.995.000 |
|
|
2006: |
2.858.000 |
|
|
2005: |
1.923.000 |
|
Result after taxes |
2010: |
-543.000 |
|
|
2009: |
732.000 |
|
|
2008: |
-3.505.000 |
|
|
2007: |
1.786.000 |
|
|
2006: |
810.000 |
|
|
2005: |
439.000 |
Capital and reserves 2010 10.225.000
Total debt Current ratio 2010 52.034.000
Quick ratio Nett 2010 1,20 2010
Workingcapital 0,50 2010
10.079.000
Profitability Negative
Solvency Limited
Liquidity Limited
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Tangible assets |
2.914.000 |
3.130.000 |
3.699.000 |
|
Fixed assets |
2.914.000 |
3.130.000 |
3.699.000 |
|
|
|||
|
Stocks and work in
progress |
34.647.000 |
37.951.000 |
37.835.000 |
|
Trade debtors |
24.210.000 |
21.467.000 |
34.699.000 |
|
Other amounts receivable |
488.000 |
791.000 |
16.448.000 |
|
Accounts receivable |
|
22.258.000 |
51.147.000 |
|
Current assets |
59.345.000 |
60.209.000 |
88.982.000 |
|
Total assets |
62.259.000 |
63.339.000 |
92.681.000 |
|
|
|||
|
Capital and reserves |
10.225.000 |
10.768.000 |
10.036.000 |
|
Provisions |
1.408.000 |
1.408.000 |
1.784.000 |
|
other long term debts |
|
1.530.000 |
|
|
Long term liabilities |
1.360.000 |
1.530.000 |
|
|
Other short term debts |
37.197.000 |
38.421.000 |
64.561.000 |
|
Total short term debt |
49.266.000 |
49.634.000 |
80.861.000 |
|
Total debt |
52.034.000 |
52.572.000 |
82.645.000 |
|
Total Liabilities |
62.259.000 |
63.339.000 |
92.681.000 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Turnover |
132.040.000 |
137.386.000 |
139.458.000 |
|
Nett Turnover |
132.040.000 |
137.386.000 |
139.458.000 |
|
Wages employees |
11.641.000 |
11.847.000 |
10.211.000 |
|
Depreciation and
amortization |
|
|
1.161.000 |
|
Raw materials |
109.653.000 |
113.023.000 |
117.056.000 |
|
Other operating charges |
9.990.000 |
9.823.000 |
12.887.000 |
|
Operating charges |
|
134.693.000 |
141.315.000 |
|
Operating profit |
|
2.693.000 |
-1.857.000 |
|
Financial income |
|
682.000 |
|
|
Financial charges |
1.484.000 |
2.392.000 |
2.848.000 |
|
Financial result |
|
-1.710.000 |
-2.848.000 |
|
Result before taxes |
|
983.000 |
-4.705.000 |
|
Income taxes |
-186.000 |
251.000 |
-1.200.000 |
|
Result after taxes |
|
732.000 |
-3.505.000 |
|
Nett result |
-543.000 |
732.000 |
-3.505.000 |
|
History |
|
|
|
|
|
|
Management |
Since |
01-02-2010 |
is Proxy |
Frederik Ewald de |
Lange out of office. |
|
|
Since |
31-12-2008 |
manager |
33278238 Condor |
Capital B.V. appointed. |
|
|
Since |
31-12-2008 |
manager |
05046612 Condor |
Control B.V. out of
office. |
Company
structure
•
B.V. Hoekman Commercial Technical and Business Managing (05035871) GENEMUIDEN
o
B.V. Beleggingsmaatschappij
"Genua (05044448)
GENEMUIDEN
Subsidiary
(100%) o Condor Capital B.V. (33278238)
Management relation
■ VeBe Floorcoverings B.V. (05022291) Genemuiden
Subsidiary
■ Condor Carpets B.V. (05054016)
Subsidiary (100%)
■
Condor
Cartex B.V. (05086004)
GENEMUIDEN
Subsidiary (100%)
■ Ossfloor Tapijtfabrieken B.V. (16020110)
Subsidiary (100%) Calamity: Default
o Hova B.V. (54532884)
Management
relation
■
Bonthuis
Real estate B.V. (39016772)
MARKNESSE
Subsidiary (100%)
Description creditscore:
= Insolvent / Activities
ceased
= Insufficient data
= Very high risk
= High Risk
= Increased risk
= Medium Risk
= Reduced Risk
= Low risk
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.