MIRA INFORM REPORT

 

 

Report Date :

29.09.2012

 

IDENTIFICATION DETAILS

 

Name :

CARS JEANS & CASUALS B.V.

 

 

 

 

Registered Office :

Generaal Vetterstraat 67 Amsterdam, 1059 BT

 

 

 

 

Country :

Netherlands

 

 

 

 

Financials (as on) :

31.12.2010

 

 

 

 

Date of Incorporation :

31.12.2002

 

 

 

 

Com. Reg. No.:

34184655

 

 

 

 

Legal Form :

Private Subsidiary

 

 

 

 

Line of Business :

Manufacture of soft furnishings, canvas goods, sacks, etc.

 

 

 

 

No. of Employees :

32

 

 

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 :

Satisfactory

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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 and address

 

Top of Form

Bottom of Form

Cars Jeans & Casuals B.V.

                                                                                                                                                   

 

Generaal Vetterstraat 67

 

 

Amsterdam, 1059 BT

Netherlands

 

Tel:

+31 020-6143007

Fax:

+31 020-6143703

 

 

Employees:

32

Company Type:

Private Subsidiary

Corporate Family:

4 Companies

Ultimate Parent:

Stichting Administratiekantoor Aandelen Cees Van Bueren B.V.

 

 

Incorporation Date:

31-Dec-2002

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

NA

Total Assets:

14.1

                                      

Business Description       

 

Cars Jeans & Casuals B.V. is primarily engaged in manufacture of soft furnishings; manufacture of canvas goods, sacks, etc.; and manufacture of household textiles.

 

Industry                                                                                                                               

 

Industry

Textiles - Non Apparel

ANZSIC 2006:

133 - Textile Product Manufacturing

NACE 2002:

1740 - Manufacture of made-up textile articles, except apparel

NAICS 2002:

313 - Textile Mills

UK SIC 2003:

1740 - Manufacture of made-up textile articles, except apparel

UK SIC 2007:

1392 - Manufacture of made-up textile articles, except apparel

US SIC 1987:

2399 - Fabricated Textile Products, Not Elsewhere Classified

 

Key Executives             

 

Name

Title

C. Van Dueren

Personnel manager

     

News                                                

 

Title

Date

USPTO ISSUES TRADEMARK: CARS JEANS & CASUALS
U.S. Fed News (162 Words)

27-Aug-2012

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
Generaal Vetterstraat 67
Amsterdam, 1059 BT
Netherlands

 

Tel:

+31 020-6143007

Fax:

+31 020-6143703

 

Suggest Company URL

 

Sales EUR(mil):

NA

Assets EUR(mil):

10.5

Employees:

32

Fiscal Year End:

31-Dec-2010

 

Industry:

Textiles - Non Apparel

Incorporation Date:

31-Dec-2002

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(NLD):

34184655

 

Personnel manager:

C. Van Dueren

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

133

-

Textile Product Manufacturing

371

-

Textile, Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

1740

-

Manufacture of made-up textile articles, except apparel

5142

-

Wholesale of clothing and footwear

 

NAICS 2002 Codes:

313

-

Textile Mills

4243

-

Apparel, Piece Goods, and Notions Merchant Wholesalers

 

US SIC 1987:

2399

-

Fabricated Textile Products, Not Elsewhere Classified

513

-

Apparel, Piece Goods, and Notions

 

UK SIC 2003:

1740

-

Manufacture of made-up textile articles, except apparel

5142

-

Wholesale of clothing and footwear

 

UK SIC 2007:

1392

-

Manufacture of made-up textile articles, except apparel

4642

-

Wholesale of clothing and footwear

 

 

Business Description

Cars Jeans & Casuals B.V. is primarily engaged in manufacture of soft furnishings; manufacture of canvas goods, sacks, etc.; and manufacture of household textiles.

 

 

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Assets:

10.5

Current Assets:

10.2

 

Total Liabilities:

10.5

 

Net Worth:

9.3

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

ING Bank NV

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Cars Jeans & Casuals B.V.
Total Corporate Family Members: 4

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Stichting Administratiekantoor Aandelen Cees Van Bueren B.V.

Parent

 

 

 

 

 

Cees Van Bueren B.V.

Subsidiary

Aerdenhout, Noord-Holland

Netherlands

Apparel and Accessories

 

1

Mascha Beheer B.V.

Subsidiary

Amsterdam, Noord-Holland

Netherlands

Miscellaneous Financial Services

 

 

Cars Jeans & Casuals B.V.

Subsidiary

Amsterdam, Noord-Holland

Netherlands

Textiles - Non Apparel

 

32

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

C. Van Dueren

 

Personnel manager

Human Resources Executive

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Gross profit

6.5

6.7

7.2

Total payroll costs

1.6

1.7

1.6

Change in value of fixed assets arising from revaluation

0.2

0.2

0.1

Other operating costs

2.4

2.9

3.2

Net operating income

2.3

2.0

2.3

Total financial income

-

0.2

-

Profit before tax

2.6

2.2

2.6

Profit attributable to minority interest shareholdings

-

-

0.0

Profit on ordinary activities after tax

1.9

1.7

1.9

Total taxation

0.6

0.6

0.6

Profit after tax

1.9

1.7

1.9

Net profit

1.9

1.7

1.9

 

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

 

 

 

 

Share premium account

6.2

10.0

9.7

Other reserves

5.8

5.0

3.9

Total stockholders equity

12.4

15.5

14.1

Total current liabilities

1.7

2.5

1.5

Total liabilities (including net worth)

14.1

18.0

15.6

Total tangible fixed assets

0.3

0.5

0.6

Total asset investment

-

0.1

0.1

Total non-current assets

0.3

0.5

0.7

Net stocks and work in progress

5.5

2.8

3.3

Total receivables

3.1

11.1

9.5

Cash and liquid assets

5.1

3.5

2.1

Total current assets

13.7

17.5

14.9

Total assets

14.1

18.0

15.6

 

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

8.20

7.10

9.90

Acid test ratio

4.90

5.90

7.70

Current liabilities to net worth

0.13%

0.16%

0.11%

Fixed assets to net worth

0.03%

0.03%

0.05%

Return on assets

0.19%

0.13%

0.16%

Shareholders' return

0.21%

0.15%

0.17%

Profit per employee

72.15

59.12

60.57

Return on capital

0.21%

0.15%

0.17%

Average wage per employee

44.76

43.96

38.72

Net worth

12.4

15.5

14.1

Number of employees

27

27

29

 

 

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.69

UK Pound

1

Rs.85.71

Euro

1

Rs.68.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.