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Report Date : |
03.01.2013 |
IDENTIFICATION DETAILS
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Name : |
BETAP TUFTING B.V. |
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Registered Office : |
De Blokmat 29 8281JH
Genemuiden |
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Country : |
Netherlands |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
15.08.2008 |
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Com. Reg. No.: |
08179923 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale of furnishing textiles and floor coverings |
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No. of Employees : |
98 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
€ 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
|
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.
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Source : CIA |
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Company name |
BETAP
TUFTING B.V. |
|
Tradename |
Betap
Tufting B.V. |
|
Address |
De Blokmat
29 |
|
|
8281JH
Genemuiden |
|
|
Netherlands |
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Mail address |
Postbus
119 |
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|
8280AC
Genemuiden |
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|
Netherlands |
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Telephone number |
0383861060 |
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Telefax number |
0383861080 |
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E-mail address |
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|
Website |
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VAT number / RSIN |
819796451 |
Credit limit A
credit of € 500.000 may be granted
Risk factor
Normal
Creditscore The
company has a creditscore of 6,8
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Handelsregisternummer |
08179923 |
|
Registered in |
Chamber of commerce Oost
Netherlands |
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First registration |
19-08-2008 |
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Act of foundation |
15-08-2008 |
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Date of constitution |
15-08-2008 |
|
Legal form |
Private Company |
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Place of constitution |
Genemuiden |
|
Issued capital |
18.000 |
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Paid up Capital |
18.000 |
NACE-code Wholesale
of furnishing textiles and floor coverings (51481)
SBI-code Wholesale
of furnishing textiles and floor coverings (46472)
Formal objective Het
ontwikkelen, produceren en mondiaal verko- pen van tapijt
Employees Total:
98
Employees according to CoC Chamber
of commerce: 98
Bookyear 2012 2010
Number 98
85
Change 15,29%
Shareholder Betap
Tufting Onroerende Zaak B.V.
De Blokmat 29
8281JH GENEMUIDEN
Netherlands
KvK: 05032751
Active since: 15-08-2008
Percentage: 100.00%
Ultimate parent company Stichting
Administratiekantoor Betap
De Blokmat 29
8281JH GENEMUIDEN
KvK: 05078896
Holding company Betap
Tufting Onroerende Zaak B.V.
De Blokmat 29
8281JH GENEMUIDEN
KvK: 05032751
Real estate Lease
The real estate is
checked at the land registration office
Management A.
van Lente
Arend
Authorization: Fully authorized
Position: General director
Date appointed: 15-08-2008
Date of birth: 03-10-1970
J. van Lente
Johannes
Authorization: Fully authorized
Position: General director
Date appointed: 15-08-2008
Date of birth:
29-06-1975
Payment experiences Payments
are regular, no complaints are known
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 1 2012: 62 Average days
Quarter: 2 2012: 48 Average days
Quarter: 3 2012: 45 Average days
Quarter: 4 2012:
44 Average days
|
|
invoices |
current quarter |
2012 Q3 |
2012 Q2 |
2012 Q1 |
|
|
Total |
103 |
100% |
370.032 |
373.485 |
369.941 |
377.045 |
|
Within terms |
56 |
66,6% |
246.309 |
238.845 |
220.185 |
123.155 |
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Delayed 0 - 30 |
44 |
33,4% |
123.723 |
134.640 |
145.556 |
232.890 |
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Delayed 31 - 60 |
2 |
0,0% |
|
|
4.200 |
8.400 |
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Delayed 61 - 90 |
1 |
0,0% |
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|
12.600 |
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Delayed 91 - 120 |
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Delayed 120+ days |
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Publication financial statement |
Annual accounts 2010 are published
on 13-02-2012 |
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Type of publication |
Corporate |
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Publication |
Publication according to
obligations by law |
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CORE FIGURES |
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|
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BOOKYEAR |
2010 |
|
|
Quick ratio |
0,82 |
|
|
Current ratio |
1,20 |
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Nett workingcapital / Balance
total |
0,15 |
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Capital and reserves / Balance
total |
0,09 |
|
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Capital and reserves / Fixed
assets |
0,60 |
|
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Solvency |
0,10 |
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Nett workingcapital |
4.740.633 |
|
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Capital and reserves |
2.848.587 |
|
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Nett Turnover |
91.968.632 |
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Operating profit |
4.222.412 |
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Profitability operating profit |
positive |
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|
|
|
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Annual accounts |
The company is obligated to
publish its annual accounts |
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Last annual accounts |
2010 |
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Type of publication |
Corporate |
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Turnover |
2010: 91.968.632 |
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Operating profit |
2010: 4.222.412 |
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Result after taxes |
2010: 2.830.587 |
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Tendency |
Not to be judged because of the
absence of sufficient financial information |
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Capital and reserves |
2010 2.848.587 |
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Total debt |
2010 29.792.587 |
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Current ratio |
2010 1,20 |
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Quick ratio |
2010 0,82 |
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Nett
workingcapital |
2010 4.740.633 |
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Profitability |
More than
sufficient |
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Solvency |
Limited |
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Liquidity |
Moderate |
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Currency |
Euro |
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BALANCE |
|
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BOOKYEAR |
2010 |
|
End of bookyear |
31-12-2010 |
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Tangible assets |
4.655.310 |
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Financial assets |
99.644 |
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Fixed assets |
4.754.954 |
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Stocks and work in progress |
8.835.100 |
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Trade debtors |
18.102.081 |
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Accounts receivable |
19.050.830 |
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Liquid assets |
290 |
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Current assets |
27.886.220 |
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Total assets |
32.641.174 |
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Capital and reserves |
2.848.587 |
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Provisions |
647.000 |
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Long term liabilities |
6.000.000 |
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Other short term debts |
15.282.518 |
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Total short term debt |
23.145.587 |
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Total debt |
29.792.587 |
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Total Liabilities |
32.641.174 |
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PROFIT & LOSS ACCOUNT |
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BOOKYEAR |
2010 |
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Turnover |
91.927.354 |
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Other operating income |
82.556 |
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Nett Turnover |
91.968.632 |
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Operating charges |
87.746.220 |
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Operating profit |
4.222.412 |
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Financial income |
174.012 |
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Financial charges |
596.978 |
|
Financial result |
-422.966 |
|
Result before taxes |
3.799.446 |
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Income taxes |
968.859 |
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Result after taxes |
2.830.587 |
|
Nett result |
2.830.587 |
Liability statements Per 19-07-2010 filed a withdrawal of declaration of liability by Betap Holding B.V..
Per 02-12-2008 filed a declaration of liability by Betap Holding B.V..
· Stichting Administratiekantoor Betap (05078896)
GENEMUIDEN
o Betap Holding B.V. (05059988)
GENEMUIDEN
Subsidiary
§ Betap Tufting Onroerende Zaak B.V. (05032751)
GENEMUIDEN
Subsidiary
· Betap Tufting B.V. (08179923)
Genemuiden
Subsidiary
· Betap Onroerende Zaak B.V. (05059996)
GENEMUIDEN
Subsidiary
· Betap B.V. (08179916)
GENEMUIDEN
Subsidiary
o Select-Yarns Onroerende Zaak B.V. (08166316)
GENEMUIDEN
Subsidiary
§ Select-Yarns B.V. (08179915)
GENEMUIDEN
Subsidiary
· Betap Nonwovens Onroerende Zaak B.V. (53084764)
GENEMUIDEN
Subsidiary
o Betap Nonwovens B.V. (53084896)
GENEMUIDEN
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.88.76 |
|
Euro |
1 |
Rs.72.19 |
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 |
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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 |
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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 |
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NB |
New Business |
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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.