MIRA INFORM REPORT

 

 

Report Date :

22.02.2013

 

IDENTIFICATION DETAILS

 

Name :

VERDI IMPORT B.V.

 

 

Registered Office :

Koopliedenweg 38 2991LN Barendrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

04.06.2012

 

 

Com. Reg. No.:

55424309

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Wholesale of fruit and vegetables

 

 

No. of Employees :

16

 

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 :

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

 

CONTACTINFORMATION    

 

Company name

Verdi Import B.V.

Tradename

Verdi Import B.V.

Address

Koopliedenweg 38

 

2991LN Barendrecht

 

Netherlands

Mail address

Koopliedenweg 38

 

2991 LN Barendrecht

 

Netherlands

Telephone number

0180618811

Telefax number

0180618825

E-mail address

sales@verdiimport.nl

Website

www.verdiimport.nl

VAT number / RSIN

851703884

 

Special remarks             Guaranteed by the parent company Verdi Holding B.V. is a credit of 250.000 granted.

The last consolidated annual accounts of Verdi Holding B.V. are over the bookyear 2011. Verdi Import B.V. was first registered at 31-05-2012.

 

 

COMPANY INFORMATION

 

Handelsregisternummer 55424309

Registered in                             Chamber of commerce Rotterdam

 

First registration                         04-06-2012

Act of foundation                        31-05-2012

Date of constitution                    31-05-2012

 

Legal form

Besloten Vennootschap

Place of constitution

Barendrecht

Capital

EUR 90.000

Issued capital

EUR 18.000

Paid up capital

EUR 18.000

 

SBI-code                       Wholesale of fruit and vegetables (46311)

Formal objective             Het importeren en exporteren van- en transitohandel in groente en fruit.

 

Employees                    Total: 16

 

 

COMPANY STRUCTURE

 

Shareholder                               Verdi Holding B.V.

Koopliedenweg 38 2991LN BARENDRECHT

Netherlands

KvK: 24143184

Active since: 31-05-2012

Percentage: 100.00%

 

Ultimate parent company            C. Kooijman Beheer B.V. Boerhaavelaan 42 2992KA BARENDRECHT

KvK: 24395165

 

Holding company                       Verdi Holding B.V. Koopliedenweg 38 2991LN BARENDRECHT

KvK: 24143184

 

Affiliated companies                   Verdi Export B.V. Koopliedenweg 38 2991LN BARENDRECHT

KvK: 53549139

 

Real estate

Lease

 

The real estate is checked at the land registration office

 

Object code: BARENDRECHT D 9415

 

Owner: Kover B.V.

 

 

MANAGEMENT   

 

Management

Verdi Holding B.V.

 

Koopliedenweg 38

 

2991LN BARENDRECHT

 

Netherlands

 

KvK: 24143184

 

Authorization: Fully authorized

 Position: Manager

 Date appointed: 31-05-2012

 

 

FINANCIAL INFORMATION 

 

Type of publication

Consolidated

Annual accounts van

Verdi Holding B.V.

 

Koopliedenweg 38

 

2991LN BARENDRECHT

 

KvK: 24143184

Publication

Steady

 

 

CORE FIGURES       

           

BOOKYEAR

2011

2010

2009

Quick ratio

1,47

1,60

1,35

Current ratio

1,54

1,73

1,40

Nett workingcapital / Balance total

0,33

0,42

0,28

Capital and reserves / Balance total

0,26

0,23

0,22

Capital and reserves / Fixed assets

6,31

16,43

12,33

Solvency

0,41

0,41

0,31

Nett workingcapital

2.949.945

3.064.751

1.770.170

Capital and reserves

2.259.793

1.716.186

1.382.320

Change capital and reserves

31,68%

24,15%

28,59%

change short term liabilities

31,38%

-6,18%

14,70%

Nett Turnover

 

 

3.084.183

Operating profit

1.108.717

974.791

402.423

 

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

Last annual accounts               2011

 

Type of publication                  Consolidated

 

Turnover                                  2009: 3.084.183

 

Gross profit                              2011: 4.542.852

2010: 3.829.674

 

Operating profit                       2011: 1.108.717

2010: 974.791

2009: 402.423

 

Result after taxes                     2011: 843.607

2010: 733.866

2009: 307.324

 

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

 

Capital and reserves                2011 2.259.793

Total debt                                2011 6.551.828

Current ratio                            2011 1,54

Quick ratio                               2011 1,47

Nett workingcapital                 2011 2.949.945

 

Profitability                              Not to be judged

Solvency                                  Not to be judged

Liquidity                                 Because of recent foundation the liquidity position of the company can not be judged

 

Currency                                  Euro

 

Balance

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Tangible assets

329.819

104.435

112.150

Financial assets

28.244

 

 

Fixed assets

358.063

104.435

112.150

 

Stocks and work in progress

350.912

539.610

187.133

Accounts receivable

4.971.905

4.648.345

4.775.238

Liquid assets

3.130.741

2.066.008

1.273.096

Current assets

8.453.558

7.253.963

6.235.467

Total assets

8.811.621

7.358.398

6.347.617

 

Capital and reserves

2.259.793

1.716.186

1.382.320

Provisions

1.048.215

1.453.000

500.000

Total short term debt

5.503.613

4.189.212

4.465.297

Total debt

6.551.828

5.642.212

4.965.297

Total Liabilities

8.811.621

7.358.398

6.347.617

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2011

2010

2009

Nett Turnover

 

 

3.084.183

Gross profit

4.542.852

3.829.674

 

Wages employees

1.887.936

1.697.146

 

Depreciation and amortization

59.776

44.279

 

Other operating charges

1.486.423

1.113.458

 

Operating charges

3.434.135

2.854.883

2.681.760

Operating profit

1.108.717

974.791

402.423

Financial income

28.766

14.341

 

Financial charges

18.509

20.874

 

Financial result

10.257

-6.533

-3.964

Result before taxes

1.118.974

968.258

398.459

Income taxes

275.367

234.392

91.135

Result after taxes

843.607

733.866

307.324

Nett result

843.607

733.866

307.324

 

 

Company structure

• C. Kooijman Beheer B.V. (24395165) BARENDRECHT

o Verdi Holding B.V. (24143184)

BARENDRECHT

Management relation

■ Verdi Export B.V. (53549139)

BARENDRECHT

Subsidiary (100%)

■ Verdi Import B.V. (55424309) Barendrecht

Subsidiary (100%) o Kover B.V. (24191338)

BARENDRECHT

Management relation

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.48

UK Pound

1

Rs.82.71

Euro

1

Rs.72.23

 

 

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.