MIRA INFORM REPORT

 

 

Report Date :

29.04.2013

 

IDENTIFICATION DETAILS

 

Name :

JMD METAL TRADE B.V.

 

 

Registered Office :

Siriusdreef 17, 2132WT Hoofddorp

 

 

Country :

Netherlands

 

 

Date of Incorporation :

26.07.2012

 

 

Com. Reg. No.:

55758657

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of iron and steel scrap and used nonferrous metals

 

 

No. of Employees :

Not available 

 

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 sixth-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 in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

 

Source : CIA

 

CONTACTINFORMATION

 

Company name                         JMD Metal Trade B.V.

 

Tradename                                JMD Metal Trade B.V.

 

Address                                    Siriusdreef 17

2132WT Hoofddorp

Netherlands

 

Mail address                             Siriusdreef 17

2132WT Hoofddorp

Netherlands

 

Telephone number                     0235689100

E-mail address                         unknown

Website                                    unknown

VAT number / RSIN                   851849040

 

 

COMPANY INFORMATION

 

Handelsregisternummer             55758657

Registered in                             Chamber of commerce Amsterdam

First registration                        26-07-2012

Act of foundation                      25-07-2012

Date of constitution                   25-07-2012

Legal form                                Besloten Vennootschap (Limited Company)

Place of constitution                 Amsterdam

Issued capital                            18.000

Paid up capital                          18.000

 

SBI-code                                  Wholesale of iron and steel scrap and used nonferrous metals (46772)

 

Formal objective                       De im- en export van, alsmede het opslaan, verkopen en handelen

(groothandelen) in staal- en metaalproducten

 

 

COMPANY STRUCTURE

 

Shareholder                              D&K Group B.V.

Siriusdreef 17

2132WT HOOFDDORP

Netherlands

KvK: 55754449

Active since: 25-07-2012

Percentage: 100.00%

MANAGEMENT

 

Management                 D.N. Kochhar

Dhruv Neeraj

Authorization: Fully authorized

Position: Manager

Date appointed: 25-07-2012

Date of birth: 23-05-1981

 

FINANCIAL INFORMATION

 

Annual accounts            The company is not obligated to publish its financial account.

Tendency                      Not to be judged because of the absence of sufficient financial information

Profitability                   Not to be judged

Solvency                      Not to be judged

Liquidity                        Positive

Currency                       Euro

 

 

History

 

Management                 Per 25-07-2012 manager Dhruv Neeraj Kochhar appointed.

 

Company structure

 

JMD Metal Trade B.V. (55758657)

Hoofddorp

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.83.88

Euro

1

Rs.70.68

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.