MIRA INFORM REPORT

 

 

Report Date :

07.09.2012

 

IDENTIFICATION DETAILS

 

Name :

RIVIERA MAISON B.V.  

 

 

Registered Office :

Middenweg 11A, Aalsmeer, 1432 DE

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

10.05.1999

 

 

Com. Reg. No.:

34115327

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

retail sale of floor coverings

 

 

No. of Employees :

47 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct 

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

 

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

 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

Company name & address 

 

Riviera Maison B.V. 

Middenweg 11A

Aalsmeer, 1432 DE

Netherlands

 

Tel:       +31 0297-239100

Fax:      +31 0297-239101

 

 

Synthesis  

 

Employees:                  47

Company Type:            Private Subsidiary

Corporate Family:          4 Companies

Ultimate Parent:            Riviera Jacques Holding B.V.

Incorporation Date:         10-May-1999   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                NA

Total Assets:                8.7

 

 

Business Description     

 

Riviera Maison B.V. is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.

 

Industry             

Industry            Retail (Specialty)

ANZSIC 2006:    421 - Furniture, Floor Coverings, Houseware and Textile Goods Retailing

NACE 2002:      5244 - Retail sale of furniture, lighting equipment and household articles not elsewhere classified

NAICS 2002:     442 - Furniture and Home Furnishings Stores

UK SIC 2003:    5244 - Retail sale of furniture, lighting equipment and household articles not elsewhere classified

UK SIC 2007:    47599 - Retail sale of furniture, lighting equipment and other household articles (other than

musical instruments) n.e.c., in specialised stores

US SIC 1987:    5261 - Retail Nurseries, Lawn and Garden Supply Stores

 

Registered No.(NLD):   34115327

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

Corporate Overview

 

Location

Middenweg 11A

Aalsmeer, 1432 DE

Netherlands

Tel:       +31 0297-239100

Fax:      +31 0297-239101

           

Sales EUR(mil):             NA

Assets EUR(mil):           6.5

Employees:                   34

Fiscal Year End:            31-Dec-2010

Industry:                        Retail (Specialty)

Incorporation Date:         10-May-1999

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(NLD):     34115327

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

421       -          Furniture, Floor Coverings, Houseware and Textile Goods Retailing

4279     -          Other Store-Based Retailing Not Elsewhere Classified

 

NACE 2002 Codes:

5244     -          Retail sale of furniture, lighting equipment and household articles not elsewhere classified

5248     -          Other retail sale in specialised stores

 

NAICS 2002 Codes:

442       -          Furniture and Home Furnishings Stores

453       -          Miscellaneous Store Retailers

 

US SIC 1987:

5261     -          Retail Nurseries, Lawn and Garden Supply Stores

599       -          Retail Stores, Not Elsewhere Classified

 

UK SIC 2003:

5244     -          Retail sale of furniture, lighting equipment and household articles not elsewhere classified

5248     -          Other retail sale in specialised stores

 

UK SIC 2007:

47599   -          Retail sale of furniture, lighting equipment and other household articles (other than musical

instruments) n.e.c., in specialised stores

477       -          Retail sale of other goods in specialised stores

Business Description

Riviera Maison B.V. is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

6.5

Current Assets:

5.8

 

Total Liabilities:

6.5

 

Net Worth:

-2.6

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Corporate Family

Corporate Structure News:

 

Riviera Maison B.V.

Riviera Maison B.V. 
Total Corporate Family Members: 4 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Riviera Jacques Holding B.V.

Parent

 

 

 

 

 

 

Riviera Holding B.V.

Subsidiary

Aalsmeer, Noord-Holland

Netherlands

Commercial Banks

 

 

 

Riviera Maison B.V.

Subsidiary

Aalsmeer, Noord-Holland

Netherlands

Retail (Specialty)

 

34

 

Riviera Groothandel B.V.

Subsidiary

Aalsmeer, Noord-Holland

Netherlands

Miscellaneous Capital Goods

 

11

 

 

 

Annual Financial Reports

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Other reserves

-3.5

-2.4

-1.4

Total stockholders equity

-3.5

-2.4

-1.4

Provisions and allowances

0.0

-

-

Total current liabilities

12.2

5.5

3.7

Total liabilities (including net worth)

8.7

3.0

2.3

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.9

0.8

0.9

Total non-current assets

1.0

0.8

0.9

Net stocks and work in progress

-

-

0.1

Total receivables

0.6

0.4

1.1

Cash and liquid assets

7.1

1.8

0.2

Total current assets

7.7

2.2

1.4

Total assets

8.7

3.0

2.3

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

0.60

0.40

0.40

Acid test ratio

0.60

0.40

0.40

Current liabilities to net worth

-3.44%

-2.22%

-2.56%

Fixed assets to net worth

-0.28%

-0.33%

-0.64%

Net worth

-3.5

-2.5

-1.5

Number of employees

47

44

46

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.97

UK Pound

1

Rs.89.02

Euro

1

Rs.70.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

 

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