|
Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANGRO B. V. |
|
|
|
|
Registered Office : |
Edisonweg 1 C 5482TJ Schijndel |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.11.2002 |
|
|
|
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Com. Reg. No.: |
17149791 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
Wholesale of underwear |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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
|
Company name |
Angro B.V. |
|
Tradename |
Angro B.V. |
|
|
BOA-B |
|
Address |
Edisonweg 1 C |
|
|
5482TJ Schijndel |
|
|
Netherlands |
|
Mail address |
Edisonweg 1 C |
|
|
5482TJ Schijndel |
|
|
Netherlands |
|
Telephone number |
0735478865 |
|
Telefax number |
0735494066 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
811559828 |
Handelsregisternummer 17149791
Registered in Chamber
of commerce Brabant
First registration 19-11-2002
Act of foundation 15-11-2002
Date of constitution 07-11-2002
Continuation date 15-11-2002
Legal form Besloten
Vennootschap
Place of constitution Schijndel
|
Issued capital |
18.000 |
|
|
Paid up capital |
18.000 |
|
|
NACE-code |
Wholesale of underwear (51423) |
|
|
Wholesale of textile
products (51426) |
|
SBI-code |
Wholesale of underwear
(46423) |
|
|
Wholesale of textile
products (46429) |
|
Formal objective |
De sales van textiel aan
detaillisten |
|
Employees |
Total: 10 |
|
|
|
Employees according to CoC |
Chamber of commerce: 10 |
|
|
|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
10 |
11 |
28 |
|
Change |
-9,09% |
-60,71% |
47,37% |
|
Shareholder |
Angro Holding B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
Netherlands |
|
|
KvK:16077264 |
|
|
Active since: 15-11-2002 |
|
|
Percentage: 100.00% |
|
Ultimate parent company |
Bravu B.V. |
|
|
Schrijvershoef 8 |
|
|
5481VH SCHIJNDEL |
|
|
KvK: 17148496 |
|
Holding company |
Angro Holding B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
KvK:16077264 |
|
Affiliated companies |
Angro Retail B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
KvK: 17149789 |
|
|
ANGRO FASHION B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
KvK: 53181670 |
|
|
Angro Hosiery B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
KvK: 17194468 |
Bank Rabobank
Netherlands
ING Bank NV
Real estate Lease
|
Management |
Angro Holding B.V. |
|
|
Edisonweg 1 |
|
|
5482TJ SCHIJNDEL |
|
|
Netherlands |
|
|
KvK: 16077264 |
|
|
Authorization: Fully
authorized |
|
|
Position: Manager |
|
|
Date appointed:
15-11-2002 |
Payment
experiences According to terms
Payments Based on multiple payment experiences up to € 25.000
Quarter: 2 2012: 31 Average days
Quarter: 3 2012: 32 Average days
Quarter: 4 2012: 36 Average days
Quarter: 1 2013: 40 Average days
|
|
invoices |
current quarter |
2012 Q4 |
2012 Q3 |
2012 Q2 |
|
|
Total |
49 |
100% |
22.383 |
23.256 |
24.665 |
25.200 |
|
Within terms |
42 |
88,4% |
19.788 |
21.563 |
24.100 |
24.861 |
|
Delayed 0 - 30 |
7 |
11,6% |
2.595 |
1.693 |
565 |
339 |
|
Delayed 31 - 60 |
|
|
|
|
|
|
|
Delayed 61 – 90 |
|
|
|
|
|
|
|
Delayed 91 – 120 |
|
|
|
|
|
|
|
Delayed 120+ days |
|
|
|
|
|
|
Publication financial statement Annual
accounts 2011 are published on 12-12-2012
Annual accounts 2010 are published on
15-07-2011
Annual accounts 2009 are published on
07-12-2010
Annual accounts 2008 are published on
21-12-2009
Annual accounts 2007 are published on
19-12-2008
Type of publication Corporate
Publication Steady
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,08 |
0,35 |
0,27 |
|
Current ratio |
1,10 |
1,15 |
1,05 |
|
Nett
workingcapital / Balance total |
0,09 |
0,13 |
0,05 |
|
Capital and reserves /
Balance total |
0,10 |
0,15 |
0,07 |
|
Capital and reserves /
Fixed assets |
9,35 |
7,13 |
3,52 |
|
Solvency |
0,12 |
0,17 |
0,07 |
|
Nett workingcapital |
2.035.230 |
1.575.180 |
509.178 |
|
Capital and reserves |
2.278.923 |
1.832.191 |
711.565 |
|
Change capital and reserves |
24,38% |
157,49% |
-9,58% |
|
change short term liabilities |
85,49% |
5,16% |
69,80% |
|
Operating profit |
1.339.415 |
1.970.306 |
1.304.612 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
|
Type of publication |
Corporate |
|
|
Gross profit |
2011: |
2.268.416 |
|
|
2010: |
3.159.707 |
|
|
2009: |
2.525.470 |
|
|
2008: |
2.345.996 |
|
|
2007: |
2.787.553 |
|
|
2006: |
2.591.000 |
|
|
2005: |
2.453.000 |
|
Operating profit |
2011: |
1.339.415 |
|
|
2010: |
1.970.306 |
|
|
2009: |
1.304.612 |
|
|
2008: |
1.269.225 |
|
|
2007: |
1.336.828 |
|
|
2006: |
879.000 |
|
|
2005: |
995.000 |
|
Result after taxes |
2011: |
446.732 |
|
|
2010: |
1.120.626 |
|
|
2009: |
693.565 |
|
|
2008: |
768.968 |
|
|
2007: |
865.217 |
|
|
2006: |
584.000 |
|
|
2005: |
656.000 |
Tendency Changeable
Capital and reserves 2011
2.278.923
Total debt 2011
19.567.122
Current ratio 2011
1,10
Quick ratio 2011
0,08
Nett workingcapital 2011
2.035.230
Profitability Positive
Solvency Moderate
Liquidity Limited
Currency Euro
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Tangible assets |
243.693 |
257.011 |
202.387 |
|
Fixed assets |
243.693 |
257.011 |
202.387 |
|
|
|||
|
Stocks and work in progress |
19.962.622 |
8.470.524 |
7.797.190 |
|
Accounts receivable |
1.396.068 |
3.614.498 |
2.700.791 |
|
Liquid assets |
243.662 |
39.174 |
42.418 |
|
Current assets |
21.602.352 |
12.124.196 |
10.540.399 |
|
Total assets |
21.846.045 |
12.381.207 |
10.742.786 |
|
|
|||
|
Capital and reserves |
2.278.923 |
1.832.191 |
711.565 |
|
Total short term debt |
19.567.122 |
10.549.016 |
10.031.221 |
|
Total debt |
19.567.122 |
10.549.016 |
10.031.221 |
|
Total Liabilities |
21.846.045 |
12.381.207 |
10.742.786 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
2.268.416 |
3.159.707 |
2.525.470 |
|
Wages employees |
455.033 |
585.506 |
566.190 |
|
Depreciation and amortization |
86.357 |
94.180 |
76.008 |
|
Other operating charges |
387.611 |
509.715 |
578.660 |
|
Operating charges |
929.001 |
1.189.401 |
1.220.858 |
|
Operating profit |
1.339.415 |
1.970.306 |
1.304.612 |
|
Financial charges |
743.772 |
466.110 |
373.652 |
|
Financial result |
-743.772 |
-466.110 |
-373.652 |
|
Result before taxes |
595.643 |
1.504.196 |
930.960 |
|
Income taxes |
148.911 |
383.570 |
237.395 |
|
Result after taxes |
446.732 |
1.120.626 |
693.565 |
|
Nett result |
446.732 |
1.120.626 |
693.565 |
• Bravu B.V. (17148496)
SCHIJNDEL
Angro Holding B.V. (16077264)
SCHIJNDEL
Management relation
■ Angro Retail B.V.
(17149789)
SCHIJNDEL
Subsidiary (100%)
■ Angro B.V. (17149791)
Schijndel
Subsidiary (100%)
■
ANGRO FASHION B.V. (53181670)
SCHIJNDEL
Subsidiary (100%)
■
Angro Hosiery B.V. (17194468)
SCHIJNDEL
Management relation D2Z B.V.
(17209468)
SCHIJNDEL
Management
relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.