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Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
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Name : |
KONINKLIJKE ASSCHER DIAMANT MAATSCHAPPIJ B.V. |
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Registered Office : |
Tolstraat 127 1074VJ Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.07.1936 |
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Com. Reg. No.: |
33048183 |
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Legal Form : |
Besloten Vennootschap |
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Line of Business : |
Wholesale of jeweller's articles |
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No. of Employees : |
11 |
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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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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.
Source
: CIA
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Company name |
Koninklijke Asscher Diamant
Maatschappij B.V. |
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Tradename |
Koninklijke Asscher
Diamant Maatschappij B.V. |
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Royal Asscher Cut |
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Royal Asscher Diamond |
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Royal Asscher Diamond
Company |
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Address |
Tolstraat 127 |
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1074VJ Amsterdam |
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Netherlands |
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Mail address |
Postbus 75059 |
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1070AB Amsterdam |
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Netherlands |
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Telephone number |
0206791311 |
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Telefax number |
0206792237 |
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E-mail address |
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Website |
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VAT number / RSIN |
001442326 |
Handelsregisternummer 33048183
Registered in Chamber of commerce Amsterdam
Act of foundation 02-07-1936
Date of constitution 1854
Continuation date 19-12-1972
Last change in statutes 05-05-2004
Legal form Besloten Vennootschap
Place of constitution Amsterdam
Issued capital 1.270.927,60
Paid up capital 1.270.927,60
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NACE-code |
Wholesale
of jeweller's articles (51476) |
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SBI-code |
Working
of precious stones and manufacture of jewellery (no imitation) (3212)
Wholesale of jeweller's articles (4648) |
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Formal objective |
The wholesale and retail
trade in precious stones, in
particular in polished and rough diamonds, jewelery, watches and pearls editing and do editing of
rough diamonds and other stones, and of pearls, and participating in other companies with
the same or similar objective , all
this in the broadest sense |
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Import |
Belgium,
United States of America, Switzerland |
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Export |
France,
United States of America |
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Employees |
Total: 11 |
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Employees according to
CoC |
Chamber of commerce: 11 |
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Bookyear |
2013 |
2012 |
2011 |
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Number |
11 |
11 |
12 |
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Change |
0,00% |
-8,33% |
0,00% |
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Bank |
ABN Amro Bank NV |
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Account number: 43.60.03.708 |
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ING Bank NV |
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Account number: 54326 |
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Real estate |
Lease |
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The real estate is checked at the land registration office |
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Object code: AMSTERDAM V V 11690 A5 |
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Owner: Georgius Martinus van der Vlugt |
Management E. Asscher Edward
Authorization: Fully authorized
Position: Manager
Date appointed: 01-07-1976
Date of birth: 07-10-1946
M.E. Asscher Mike Edward
Authorization: Fully authorized
Position: Manager
Date appointed: 07-10-2011
Date of birth: 14-09-1980
L.N. Asscher Lita Natascha
Authorization: Fully authorized
Position: Manager
Date appointed: 07-10-2011
Date of birth: 15-06-1977
R.M.M. Boelen Robertus Maximilianus Maria
Position: Commissaris
Date appointed: 23-06-2005
Date of birth: 25-08-1944
Other directorships: - Commissaris: Regardz Hospitality Group B.V. - AMERSFOORT (KvK: 32129469)
P.C.E. Swelheim Peter Carol Eduard
Position: Commissaris
Date appointed: 01-06-2002
Date of birth: 08-01-1947
Payment experiences Payments are regular, no complaints are known
Payments Based on multiple payment experiences up to € 7.500
Quarter: 2 2012: 31 Average days
Quarter: 3 2012: 33 Average days
Quarter: 4 2012: 42 Average days
Quarter: 1 2013: 46 Average days
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invoices |
current quarter |
2012 Q4 |
2012 Q3 |
2012 Q2 |
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Total |
40 |
100% |
8.331 |
8.129 |
7.687 |
7.606 |
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Within terms |
31 |
56,3% |
4.691 |
5.447 |
7.112 |
7.414 |
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Delayed 0 - 30 |
9 |
43,7% |
3.640 |
2.682 |
575 |
192 |
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Delayed 31 - 60 |
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Delayed 61 - 90 |
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Delayed 91 – 120 |
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Delayed 120 + days |
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Auditor Deloitte & Touche
Publication financial statement Annual accounts 2011 are published on 07-09-2012
Annual accounts 2010 are published on 18-07-2011
Annual accounts 2009 are published on 29-06-2010
Annual accounts 2008 are published on 24-07-2009
Annual accounts 2007 are published on 30-07-2008
Type of publication Consolidated
Annual accounts van Koninklijke Asscher Diamant Maatschappij B.V. Tolstraat 127 1074VJ Amsterdam KvK: 33048183
Publication Steady
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BOOKYEAR |
2011 |
2010 |
2009 |
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Quick ratio |
0,76 |
1,11 |
0,69 |
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Current ratio |
2,25 |
2,73 |
2,76 |
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Nett workingcapital / Balance total |
0,50 |
0,57 |
0,50 |
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Capital and reserves / Balance total |
0,47 |
0,52 |
0,56 |
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Capital and reserves / Fixed assets |
4,42 |
5,55 |
2,66 |
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Solvency |
0,90 |
1,11 |
1,28 |
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Nett workingcapital |
3.037.267 |
3.121.519 |
2.629.422 |
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Capital and reserves |
2.890.466 |
2.846.286 |
2.914.841 |
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Change capital and reserves |
1,55% |
-2,35% |
-7,85% |
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change short term liabilities |
34,56% |
20,80% |
-26,10% |
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Annual accounts The company
is obligated to publish its annual accounts
Last annual accounts 2011
Tendency Changeable
Capital and reserves 2011
2.890.466
Total debt 2011
3.227.381
Current ratio 2011
2,25
Quick ratio 2011
0,76
Nett workingcapital 2011 3.037.267
Profitability
Just satisfactory
Solvency Sufficient
Liquidity Sufficient
Currency Euro
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BOOKYEAR |
2011 |
2010 |
2009 |
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End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
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Intangible assets |
18.098 |
31.192 |
34.468 |
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Tangible assets |
167.524 |
145.939 |
163.014 |
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Financial assets |
468.526 |
335.684 |
897.399 |
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Fixed assets |
654.148 |
512.815 |
1.094.881 |
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Stocks and work in progress |
3.629.496 |
2.929.883 |
3.092.017 |
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Accounts receivable |
1.827.654 |
1.988.450 |
811.193 |
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Liquid assets |
6.549 |
6.462 |
218.961 |
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Current assets |
5.463.699 |
4.924.795 |
4.122.171 |
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Total assets |
6.117.847 |
5.437.610 |
5.217.052 |
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Capital and reserves |
2.890.466 |
2.846.286 |
2.914.841 |
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Provisions |
12.560 |
17.186 |
32.118 |
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Long term liabilities |
788.389 |
770.862 |
777.344 |
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Total short term debt |
2.426.432 |
1.803.276 |
1.492.749 |
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Total debt |
3.227.381 |
2.591.324 |
2.302.211 |
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Total Liabilities |
6.117.847 |
5.437.610 |
5.217.052 |
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Merger and demerger |
Op 30-06-2009 gedeponeerd
Proposal - split Demerging entity: Koninklijke Asscher Diamant Maatschappij
B.V. (33048183) New registration: Royal Asscher Holding B.V. nog op in richten
Date of filing: 15 february 2010 Type of deposit: mededeling van het niet
doorgaan van het Proposal - split van de date of filing 30 June 2009.. |
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Management |
Per 07-10-2011 manager Lita Natascha
Asscher appointed. Per 07-10-2011 manager Mike Edward Asscher appointed. Per
07-10-2011 is Proxy Lita Natascha Asscher out of office. Per 07-10-2011 is
Proxy Mike Edward Asscher out of office. |
|
Modifications |
Per 1-7-1976 is the
responsibility of manager Edward Asscher changed.. |
• Koninklijke Asscher
Diamant Maatschappij B.V. (33048183) Amsterdam
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
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|
1 |
Rs.87.45 |
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Euro |
1 |
Rs.72.65 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.