MIRA INFORM REPORT

 

 

Report Date :

05.01.2013

 

IDENTIFICATION DETAILS

 

Name :

VAN DEN DOOL INTERNATIONAL B.V.

 

 

Registered Office :

Oudelandsedijk 10 a 3244LR New-Tonge

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01.11.1996

 

 

Com. Reg. No.:

24270933

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale of arable farming products and cattle feeds

 

 

No. of Employees :

1

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

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

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

VAN DEN DOOL INTERNATIONAL B.V.

Tradename

Van den Dool International B.V.

Address

Oudelandsedijk 10 a

 

3244LR New-Tonge

 

Netherlands

Mail address

Oudelandsedijk 10 a

 

3244LR New-Tonge

 

Netherlands

Telephone number

0181486766

Telefax number

0181486877

E-mail address

dickdool@xs4all.nl

Website

unknown

VAT number / RSIN

805351140

 

 

CREDIT LIMIT    

 

Credit limit

Cash payments are preferred.

 

 

COMPANY INFORMATION

           

Handelsregisternummer

24270933

Registered in

Chamber of commerce Rotterdam

First registration

14-04-1997

Act of foundation

10-04-1997

Date of constitution

01-11-1996

Continuation date

10-04-1997

Legal form

Private Company

Issued capital                            22.689,01

Paid up capital                           22.689,01

 

NACE-code                   Wholesale of arable farming products and cattle feeds (51217)

SBI-code                       Wholesale of raw vegetable and animal fats and oils and oleaginous raw materials (46216)

Wholesale of arable farming products and cattle feeds (46218)

 

Formal objective             Handel, im- en export van oliehoudende zaden, plantaardige oliën en veevoedergrondstoffen.

 

Employees                                Total: 1

Employees according to CoC      Chamber of commerce: 1

 

Bookyear                                             2012                 2007                 2006

Number                                                 1                      1                     1

Change                                                 0,00%               0,00%               0,00%

 

 

COMPANY STRUCTURE

 

Shareholder

Dirk den Dool

 

Active since: 10-04-1997

 

Percentage: 100.00%

 

 

Bank                                         ABN Amro Bank NV

Account number: 60.62.16.642

 

Real estate                                Lease

 

 

MANAGEMENT

 

Management                             D. van den Dool

Dirk

Authorization: Fully authorized

Position: Manager

Date appointed: 10-04-1997

Date of birth: 16-03-1950

 

 

PAYMENT INFORMATION

 

Payment experiences                 No complaints are known

 

 

FINANCIAL INFORMATION

 

Type of publication                     Corporate

Publication                                The company does not publish its annual accounts

 

 

CORE FIGURES

 

BOOKYEAR

2006

2005

2004

Capital and reserves

-171.000

-15.000

-26.000

 

Annual accounts            Although the statutory deadline, the company's annual documents are not yet published

in the register of the Chamber of Commerce.

Last annual accounts                 2006

 

Tendency                                  Changeable

Capital and reserves                   2006 -171.000

Total debt                                  2006 305.000

Current ratio                              2006

Quick ratio                                2006

Nett workingcapital                     2006

 

Profitability                                Negative

Solvency                                   Negative

Liquidity                                    Negative

Currency                                   Euro

 

BALANCE

 

 

 

BOOKYEAR

2006

2005

2004

End of bookyear

31-12-2006

31-12-2005

31-12-2004

Tangible assets

18.000

24.000

30.000

Financial assets

 

 

53.000

Fixed assets

18.000

24.000

 

 

Accounts receivable

103.000

423.000

156.000

Liquid assets

13.000

43.000

15.000

Current assets

116.000

465.000

171.000

Total assets

134.000

489.000

254.000

 

Capital and reserves

-171.000

-15.000

-26.000

Provisions

82.000

77.000

73.000

Long term liabilities

44.000

79.000

108.000

Other short term debts

179.000

348.000

98.000

Total short term debt

179.000

348.000

98.000

Total debt

305.000

505.000

280.000

Total Liabilities

134.000

489.000

254.000

 

 

Company structure

 

·         Van den Dool International B.V. (24270933)

New-Tonge

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.84

UK Pound

1

Rs.88.16

Euro

1

Rs.71.54

 

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%)

 

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.