MIRA
INFORM REPORT
|
Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BEDDING HOUSE B.V. |
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Registered Office : |
Heereweg 33 A, 2161AC Lisse |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.02.1979 |
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Com. Reg. No.: |
28033268 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of furnishing
textiles and floor coverings |
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No. of Employees : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Netherlands |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
CONTACT INFORMATION
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Company name |
Bedding House B.V. |
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Tradename |
Bedding
House B.V. |
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|
Kardol
& Verstraten |
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|
Beddingshop |
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Address |
Heereweg
33 A |
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|
2161AC
Lisse |
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|
Netherlands |
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Mail address |
Postbus
135 |
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|
2160AC
Lisse |
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Netherlands |
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Telephone number |
0252419050 |
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Telefax number |
0252412846 |
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Mobile phone |
0653378433 |
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E-mail address |
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Website |
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VAT number / RSIN |
004823813 |
COMPANY INFORMATION
Handelsregisternummer 28033268
Registered in Chamber
of commerce Den Haag
Act of foundation 05-02-1979
Date of constitution 09-10-1978
Continuation date 05-02-1979
Last change in statutes 25-05-1984
Legal form Besloten
Vennootschap (Limited Company)
|
Place of constitution |
Lisse |
|
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Issued capital |
113.445,05 |
|
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Paid up capital |
113.445,05 |
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NACE-code |
Wholesale
of furnishing textiles and floor coverings (51481) |
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SBI-code |
Agents
involved in the sale of textiles, clothing, footwear and leather goods (4616) |
|
|
Wholesale
of furnishing textiles and floor coverings (46472) |
|
Formal objective |
De
groothandel en agenturen in huishoud- en slaapkamertextiel |
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Employees |
Total: 14 |
|
|
|
Employees according to CoC |
Chamber of
commerce: 14 |
|
|
|
Bookyear |
2013 |
2006 |
2005 |
|
Number |
14 |
14 |
|
|
Change |
0,00% |
0,00% |
|
COMPANY STRUCTURE
Shareholder Bedding Company B.V.
Heereweg 33
2161AC Lisse
Netherlands
KvK: 28084625
Active since: 03-01-2000
Percentage: 100.00%
Holding company Bedding Company B.V.
Heereweg 33
2161AC Lisse
KvK: 28084625
Affiliated
companies Bedding Plaza Ede
B.V.
Maanderweg 2
6711ND EDE GLD
KvK: 09186456
Droomdomein Goes B.V.
Marconistraat 32
4461HH GOES
KvK: 20143992
LinkerLisse Rotterdam-Centrum B.V.
Goudsesingel 213
3031EH ROTTERDAM
KvK: 24381679
DroomDomein Spijkenisse B.V.
Lucebertstraat 36
3202SW SPIJKENISSE
KvK: 24447306
Bedding Plaza Spijkenisse B.V.
Lucebertstraat 34
3202SW SPIJKENISSE
KvK: 24465329
Bedding Holding B.V.
Heereweg 33
2161AC LISSE
KvK: 27322344
LinkerLisse Alexandrium B.V.
Watermanweg 117
3067GA ROTTERDAM
KvK: 28027747
Droomdomein Rotterdam B.V.
Heereweg 33
2161AC LISSE
KvK: 28095944
Droomdomein Den Haag B.V.
Heereweg 33
2161AC LISSE
KvK: 28095945
Droomdomein Amsterdam B.V.
Heereweg 33
2161AC LISSE
KvK: 28095946
LinkerLisse Lisse B.V.
Kanaalstraat 94
2161JP LISSE
KvK: 28106595
LinkerLisse Amsterdam B.V.
Arena boulevard 2
1101DJ AMSTERDAM ZUIDOOST
KvK: 34231344
Liability
declaration Bedding Company B.V. (28084625)
Heereweg 33
2161AC Lisse
Issue date: 14-03-2008
Since: 01-01-2006
Bank Rabobank Netherlands
Account number: 33.65.82.900
ING Bank NV
Account number: 4073535
Real estate Lease
Surface: 550 m2
The real estate is checked at the land
registration office
Object code: LISSE D 7367
Owner: Linkerlisse Beheer Bv
|
Bank |
Rabobank Netherlands |
|
|
Account number:
33.65.82.900 |
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|
ING Bank NV |
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Account number: 4073535 |
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Real estate |
Lease |
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Surface:
550 m2 |
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|
The real
estate is checked at the land registration office |
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Object
code: LISSE D 7367 |
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Owner:
Linkerlisse Beheer Bv |
MANAGEMENT
Management H.W. van Beijnum
Henriëtte Willemina
Authorization: Fully authorized
Position: Manager
Date appointed: 03-01-2000
Date of birth: 19-01-1969
Other directorships:
- General director: Bedding Company B.V. -
Lisse (KvK: 28084625)
J.J. Linker
Jan Johan
Authorization: Fully authorized
Position: Manager
Date appointed: 05-02-1979
Date of birth: 05-10-1947
Other directorships:
- General director: Bedding Company B.V. -
Lisse (KvK: 28084625)
E.B. Linker
Everdina Bartha
Authorization: Fully authorized
Position: Manager
Date appointed: 01-03-1983
Date of birth: 14-06-1950
Other directorships:
- General director: Bedding Company B.V. -
Lisse (KvK: 28084625)
PAYMENT INFORMATION
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 3 2012: 179 Average days
Quarter: 4 2012: 36 Average days
Quarter: 1 2013: 42 Average days
Quarter: 2 2013: 41 Average days
|
|
invoices |
current quarter |
2013 Q1 |
2012 Q4 |
2012 Q3 |
|
|
Total |
55 |
100% |
153.264 |
153.886 |
145.793 |
197.569 |
|
Within terms |
30 |
71,1% |
108.922 |
107.525 |
125.679 |
13.965 |
|
Delayed 0 – 30 |
9 |
27,7% |
42.400 |
44.419 |
18.172 |
30.286 |
|
Delayed 31 - 60 |
3 |
0,0% |
|
|
|
58.253 |
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Delayed 61 - 90 |
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|
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Delayed 91 - 120 |
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0,5% |
777 |
777 |
777 |
38.026 |
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Delayed 120+ days |
|
0,8% |
1.165 |
1.165 |
1.165 |
57.039 |
FINANCIAL INFORMATION
Auditor Deloitte
& Touche
Type of
publication Consolidated
Annual
accounts van Bedding
Company B.V.
Heereweg 33
2161AC Lisse
KvK: 28084625
Publication Publication according to
obligations by law
|
CORE FIGURES |
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|
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BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,33 |
0,40 |
0,53 |
|
Current ratio |
1,06 |
1,11 |
1,32 |
|
Nett workingcapital / Balance
total |
0,05 |
0,09 |
0,21 |
|
Capital and reserves / Balance
total |
0,20 |
0,19 |
0,30 |
|
Capital and reserves / Fixed
assets |
1,28 |
1,69 |
2,27 |
|
Solvency |
0,25 |
0,23 |
0,43 |
|
Nett workingcapital |
450.356 |
1.026.839 |
2.218.121 |
|
Capital and reserves |
1.951.402 |
2.159.690 |
3.209.853 |
|
Change capital and reserves |
-9,64% |
-32,72% |
0,04% |
|
change short term liabilities |
-17,00% |
33,55% |
27,17% |
|
Operating profit |
371.800 |
-947.302 |
213.900 |
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2011
|
Type of publication |
Corporate |
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Gross profit |
2011: |
8.883.192 |
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2010: |
7.462.696 |
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2009: |
7.679.844 |
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2008: |
8.170.099 |
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2007: |
7.820.056 |
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2006: |
6.475.000 |
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Operating profit |
2011: |
371.800 |
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2010: |
-947.302 |
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2009: |
213.900 |
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2008: |
815.221 |
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2007: |
1.188.901 |
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2006: |
902.000 |
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Result after taxes |
2011: |
-147.678 |
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2010: |
-1.050.163 |
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2009: |
1.342 |
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2008: |
451.875 |
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2007: |
756.139 |
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2006: |
555.000 |
Capital and reserves 2011
1.951.402
Total debt 2011
7.781.559
Current ratio 2011
1,06
Quick ratio 2011
0,33
Balance sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
1.353.086 |
|
|
|
Tangible assets |
1.353.086 |
1.156.634 |
1.137.311 |
|
Financial assets |
176.710 |
122.967 |
274.511 |
|
Fixed assets |
1.529.796 |
1.279.601 |
1.411.822 |
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|
|||
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Stocks and work in progress |
5.638.268 |
6.606.398 |
5.489.864 |
|
Accounts receivable |
2.499.137 |
3.711.498 |
3.658.557 |
|
Liquid assets |
65.760 |
50.030 |
64.030 |
|
Current assets |
8.203.165 |
10.367.926 |
9.212.451 |
|
Total assets |
9.732.961 |
11.647.527 |
10.624.273 |
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|||
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Minority interest |
|
|
10.847 |
|
Capital and reserves |
1.951.402 |
2.159.690 |
3.209.853 |
|
Long term liabilities |
28.750 |
146.750 |
409.243 |
|
Total short term debt |
7.752.809 |
9.341.087 |
6.994.330 |
|
Total debt |
7.781.559 |
9.487.837 |
7.403.573 |
|
Total Liabilities |
9.732.961 |
11.647.527 |
10.624.273 |
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|
|||
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PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
8.883.192 |
7.462.696 |
7.679.844 |
|
Wages employees |
3.483.513 |
1.958.870 |
2.823.549 |
|
Depreciation and amortization |
457.579 |
189.659 |
409.895 |
|
Other operating charges |
4.570.300 |
6.261.469 |
4.232.500 |
|
Operating charges |
8.511.392 |
8.409.998 |
7.465.944 |
|
Result participations |
-34.661 |
-172.306 |
5.216 |
|
Operating profit |
371.800 |
-947.302 |
213.900 |
|
Financial income |
162.800 |
258.961 |
5.014 |
|
Financial charges |
635.634 |
506.200 |
217.515 |
|
Financial result |
-472.834 |
-247.239 |
-212.501 |
|
Result before taxes |
-135.695 |
-1.366.847 |
6.615 |
|
Income taxes |
-24.462 |
-305.837 |
13.969 |
|
Result after taxes |
-111.233 |
-1.061.010 |
-7.354 |
|
Extraordinary charges |
36.445 |
|
|
|
Extraordinary result after taxes |
-36.445 |
|
|
|
Nett result |
-147.678 |
-1.050.163 |
1.342 |
|
Income attributable to minority
interest |
|
-10.847 |
-8.696 |
History
Liability statements Per
14-03-2008 filed a declaration of liability by Bedding Company B.V..
Consent statements Over
bookyear 2009 a consent agreement is filed
Company structure
Bedding Company B.V. (28084625)
Lisse
Bedding Plaza Ede B.V. (09186456)
EDE GLD
Subsidiary
Droomdomein Goes B.V. (20143992)
GOES
Subsidiary (100%)
LinkerLisse Rotterdam-Centrum B.V. (24381679)
ROTTERDAM
Subsidiary (100%)
DroomDomein Spijkenisse B.V. (24447306)
SPIJKENISSE
Subsidiary (100%)
Bedding Plaza Spijkenisse B.V. (24465329)
SPIJKENISSE
Subsidiary
Bedding Holding B.V. (27322344)
LISSE
Subsidiary (100%)
Bedding Logistiek & Services B.V. (27321687)
LISSE
Subsidiary
LinkerLisse Alexandrium B.V. (28027747)
ROTTERDAM
Subsidiary (100%)
Bedding House B.V. (28033268)
Lisse
Subsidiary
Droomdomein Rotterdam B.V. (28095944)
LISSE
Subsidiary (100%)
Droomdomein Den Haag B.V. (28095945)
LISSE
Subsidiary (100%)
Droomdomein Amsterdam B.V. (28095946)
LISSE
Subsidiary (100%)
LinkerLisse Lisse B.V. (28106595)
LISSE
Subsidiary (100%)
LinkerLisse Amsterdam B.V. (34231344)
AMSTERDAM ZUIDOOST
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
UK Pound |
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.71.05 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.