MIRA
INFORM REPORT
|
Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
MD GROUP B.V. |
|
|
|
|
Registered Office : |
Delftseplein 30 K 3013AA
Rotterdam |
|
|
|
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Country : |
Netherlands |
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|
|
|
Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
07.01.2000 |
|
|
|
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Com. Reg. No.: |
24299905 |
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|
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Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Wholesale of underwear |
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|
|
|
No. of Employees : |
1 |
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 |
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|
|
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Payment Behaviour : |
Slow |
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|
|
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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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
CONTACT INFORMATION
|
Company name |
MD
GROUP B.V. |
|
Tradename |
MD
Group B.V. |
|
Address |
Delftseplein
30 K |
|
|
3013AA
Rotterdam |
|
|
Netherlands |
|
Mail address |
Postbus
61136 |
|
|
3002HC
Rotterdam |
|
|
Netherlands |
|
Telephone number |
0104760414 |
|
Telefax number |
0104762274 |
|
Mobile phone |
0622967764 |
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E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
809050523 |
COMPANY INFORMATION
Handelsregisternummer 24299905
Registered in Chamber
of commerce Rotterdam
First registration 24-03-2000
Act of foundation 04-02-2000
Date of constitution 07-01-2000
Continuation date 04-02-2000
Last change in statutes 24-06-2010
Legal form Private Company
Place of constitution Rotterdam
Issued capital 20.010
Paid up capital 20.010
NACE-code Wholesale
of underwear (51423)
SBI-code Wholesale
of underwear (46423)
Formal objective Het ontwerpen en
verkopen van exclusieve lingerie en andere textielproducten en accessoires
onder de tradename en in de stijl van Undressed
|
Employees |
Total: 1 |
|
|
|
|
Bookyear |
|
2013 |
2012 |
2011 |
|
Number Change |
|
1 0,00% |
1 0,00% |
1 0,00% |
COMPANY STRUCTURE
|
Holding company |
Marlies
Dekkers Holding B.V. |
|
|
Delftseplein
30 |
|
|
3013AA
Rotterdam |
|
|
KvK:
24419150 |
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Subsidiary |
MD Design
Company B.V. |
|
|
Delftseplein
30 |
|
|
3013AA
ROTTERDAM |
|
|
KvK:
24335168 |
|
|
MD Design
& Communication B.V. |
|
|
Delftseplein
30 |
|
|
3013AA
Rotterdam |
|
|
KvK:
24356853 |
|
|
MD Hotels
& Suites B.V. |
|
|
Delftseplein
30 |
|
|
3013AA
ROTTERDAM |
|
|
KvK:
24356859 |
|
|
MD Retail
B.V. |
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Delftseplein
30 |
|
|
3013AA
ROTTERDAM |
|
|
KvK:
24356861 |
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|
MD Sales
& Distribution B.V. |
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|
Delftseplein
30 |
|
|
3013AA
Rotterdam |
|
|
KvK:
34091242 |
|
Affiliated companies |
Foundation
Gemeenschappelijk Bezit MD Group |
|
|
Delftseplein
30 |
|
|
3013AA
ROTTERDAM |
|
|
KvK:
24439202 |
Bank ING
Bank NV
Account number: 68.07.21.339
Real estate Unknown
The real estate is checked at the land
registration office
Object code: none registration type Kadaster
Description:
Delftseplein 30 K 3013 AA ROTTERDAM
MANAGEMENT
Management A.M.
de Rond
Angelique Maria
Authorization: Jointly authorized
Position: Manager
Date appointed: 24-06-2010
Date of birth: 14-03-1967
Marlies Dekkers Holding B.V.
Delftseplein 30
3013AA Rotterdam
Netherlands
KvK: 24419150
Authorization: Fully authorized
Position: General director
Date appointed: 28-07-2007
A.F. Tulp
Albertus Frederik
Position: Commissaris
Date appointed: 24-01-2011
Date of birth: 10-05-1957
Other directorships:
- Commissaris: Euretco Holding B.V. - BREDA
(KvK: 20135263)
- Proxy: NIBC Bank N.V. - 's-Gravenhage
(KvK: 27032036)
- Commissaris: Janssen de Jong Groep B.V. -
Son (KvK: 17094991)
V. van Zon
Vincent
Position: Commissaris
Date appointed: 24-01-2011
Date of birth:
16-08-1963
PAYMENT INFORMATION
Payment experiences There
are no payment experiences known
FINANCIAL INFORMATION
Auditor ERNST
& YOUNG
ROTTERDAM
Publication financial statement Annual
accounts 2011 are published on 08-06-2012 (Broken accounting year)
Annual accounts 2010 are published on
04-01-2011 (Broken accounting year)
Annual accounts 2009 are published on
04-01-2011 (Broken accounting year)
Annual accounts 2008 are published on
03-03-2009 (Broken accounting year)
Annual accounts 2007 are published on
25-09-2008 (Broken accounting year)
Type of publication Consolidated
Annual accounts van MD Group B.V.
Delftseplein 30
3013AA Rotterdam
KvK: 24299905
Publication Steady
CORE FIGURES
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,40 |
0,39 |
0,42 |
|
Current ratio |
0,68 |
0,65 |
0,64 |
|
Nett workingcapital / Balance
total |
-0,34 |
-0,38 |
-0,42 |
|
Capital and reserves / Balance
total |
-0,07 |
-0,11 |
-0,37 |
|
Capital and reserves / Fixed
assets |
-0,25 |
-0,37 |
-1,43 |
|
Solvency |
-0,07 |
-0,10 |
-0,29 |
|
Nett workingcapital |
-5.339.003 |
-5.210.607 |
-7.896.633 |
|
Capital and reserves |
-1.140.965 |
-1.469.721 |
-6.977.420 |
|
Change capital and reserves |
22,37% |
78,94% |
-1.540,92% |
|
change short term liabilities |
11,59% |
-32,57% |
73,21% |
|
Operating profit |
1.368.292 |
2.682.049 |
-6.456.140 |
|
Profitability operating profit |
positive |
positive |
negative |
Annual accounts The
company is obligated to publish its annual accounts
|
Last annual accounts |
2011 |
|
|
Type of publication |
Corporate |
|
|
Turnover |
2008: |
26.045.055 |
|
Gross profit |
2011: |
16.773.119 |
|
|
2010: |
16.630.657 |
|
|
2009: |
17.004.615 |
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|
2008: |
18.028.987 |
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|
2007: |
17.838.105 |
|
Operating profit |
2011: |
1.368.292 |
|
|
2010: |
2.682.049 |
|
|
2009: |
-6.456.140 |
|
|
2008: |
-525.189 |
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|
2007: |
2.096.599 |
|
Result after taxes |
2011: |
390.825 |
|
|
2010: |
1.330.841 |
|
|
2009: |
-5.803.249 |
|
|
2008: |
-935.490 |
|
|
2007: |
1.026.034 |
Capital and reserves 2011
-1.140.965
Total debt 2011
17.002.053
Current ratio 2011
0,68
Quick ratio 2011
0,40
Nett workingcapital 2011
-5.339.003
Profitability Positive
Solvency Negative
Liquidity Negative
Current- & Quickratio
Balance
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
30-06-2011 |
30-06-2010 |
30-06-2009 |
|
Intangible assets |
974.096 |
148.889 |
314.085 |
|
Tangible assets |
2.711.063 |
2.909.486 |
3.046.504 |
|
Financial assets |
957.129 |
869.400 |
1.517.624 |
|
Fixed assets |
4.642.288 |
3.927.775 |
4.878.213 |
|
|
|||
|
Stocks and work in progress |
4.575.832 |
3.809.404 |
4.943.377 |
|
Trade debtors |
3.653.119 |
2.961.360 |
5.653.943 |
|
Other amounts receivable |
1.800.634 |
1.323.736 |
2.251.213 |
|
Accounts receivable |
5.453.753 |
4.285.096 |
7.905.156 |
|
Liquid assets |
1.189.215 |
1.532.974 |
1.261.304 |
|
Current assets |
11.218.800 |
9.627.474 |
14.109.837 |
|
Total assets |
15.861.088 |
13.555.249 |
18.988.050 |
|
|
|||
|
Capital and reserves |
-1.140.965 |
-1.469.721 |
-6.977.420 |
|
Provisions |
|
186.889 |
1.109.000 |
|
Achtergestelde leningen |
|
|
850.000 |
|
Financial debts |
|
|
850.000 |
|
other long term debts |
|
|
1.150.000 |
|
Long term liabilities |
444.250 |
|
2.000.000 |
|
Trade debts suppliers |
3.509.028 |
2.020.376 |
2.681.800 |
|
Other short term debts |
13.048.775 |
12.817.705 |
19.324.670 |
|
Total short term debt |
16.557.803 |
14.838.081 |
22.006.470 |
|
Total debt |
17.002.053 |
15.024.970 |
25.115.470 |
|
Total Liabilities |
15.861.088 |
13.555.249 |
18.988.050 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
16.773.119 |
16.630.657 |
17.004.615 |
|
Wages employees |
7.668.431 |
7.588.028 |
9.174.226 |
|
Depreciation and amortization |
799.536 |
1.004.666 |
2.300.987 |
|
Other operating charges |
6.936.860 |
5.355.914 |
11.985.542 |
|
Operating charges |
15.404.827 |
13.948.608 |
23.460.755 |
|
Operating profit |
1.368.292 |
2.682.049 |
-6.456.140 |
|
Financial income |
82.371 |
116.529 |
|
|
Financial charges |
931.524 |
1.067.596 |
903.511 |
|
Financial result |
-849.153 |
-951.067 |
-903.511 |
|
Result before taxes |
519.139 |
1.730.982 |
-7.359.651 |
|
Income taxes |
128.314 |
400.141 |
-1.556.402 |
|
Result after taxes |
390.825 |
1.330.841 |
-5.803.249 |
|
Nett result |
390.825 |
1.330.841 |
-5.803.249 |
History
Management Per
18-07-2011 is Commissaris Cornelis Anne Lieve out of office.
Per 18-07-2011 is Commissaris Jacob Hendrik
Gerrit Bruggeman out of office.
Per 01-06-2011 manager Frederik Noordanus
out of office.
Per 24-01-2011 is Commissaris Cornelis Anne
Lieve appointed.
Per 24-01-2011 is Commissaris Vincent van
Zon appointed.
Per 24-01-2011 is Commissaris Albertus
Frederik Tulp appointed.
Per 24-01-2011 is Commissaris Jacob Hendrik
Gerrit Bruggeman appointed.
Per 24-06-2010 manager Angelique Maria de
Rond appointed.
Per 24-06-2010 manager Frederik Noordanus
appointed.
Modifications Issued
capital changed to EUR 20.010,00 Paid up capital changed to EUR 20.010,00.
Per 28-7-2007 is
the responsibility of manager 24419150 Marlies Dekkers Holding B.V.
Changed..
Per 24-6-2010
statutes modified.
Company structure
• Marlies
Dekkers Holding B.V. (24419150) Rotterdam
o MD Group
B.V. (24299905) Rotterdam
Management relation
■ MD Design
Company B.V. (24335168)
ROTTERDAM
Subsidiary
(100%)
■ MD Design
& Communication B.V. (24356853) Rotterdam
Subsidiary (100%)
■ MD Hotels
& Suites B.V. (24356859)
ROTTERDAM
Subsidiary
(100%)
■ MD Retail
B.V. (24356861)
ROTTERDAM
Subsidiary
(100%)
■ MD Stores Netherlands B.V.
(24356862) Rotterdam Subsidiary
■ MD Sales
& Distribution B.V. (34091242) Rotterdam
Subsidiary
(100%) o Foundation Gemeenschappelijk Bezit
MD Group (24439202)
ROTTERDAM
Management relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.