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Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
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Name : |
POT EN MAND B.V. |
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Registered Office : |
Pietseweg 13A Oud Gastel, 4751 RT |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.05.1998 |
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Com. Reg. No.: |
24285514 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of other household goods |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 sixth-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 in 2011. In 2012 tax revenues dropped
nearly 9%, GDP contracted, and the budget deficit deteriorated. Although
jobless claims continued to grow, the unemployment rate remained relatively low
at 6.8 percent.
Source
: CIA
Pot En Mand B.V.
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Business
Description
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Pot En Mand B.V. is primarily engaged in wholesale of furniture; wholesale
of jewellery; wholesale of musical instruments; wholesale of photographic
goods; wholesale of toys and games; wholesale of travel and fancy goods; and
wholesale of other household goods not elsewhere classified. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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Pot En Mand B.V.
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Oud Gastel, Noord-Brabant |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
Oud Gastel, Noord-Brabant |
Netherlands |
Miscellaneous Capital Goods |
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17 |
Executives
Report
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31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
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Gross profit |
10.1 |
11.5 |
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Total payroll costs |
4.3 |
4.6 |
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Change in value of fixed assets arising from revaluation |
0.3 |
0.3 |
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Other operating costs |
5.1 |
6.2 |
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Net operating income |
0.5 |
0.4 |
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Profit before tax |
0.3 |
0.3 |
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Profit attributable to minority interest shareholdings |
0.0 |
0.0 |
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Profit on ordinary activities after tax |
0.2 |
0.2 |
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Total taxation |
0.0 |
0.1 |
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Profit after tax |
0.2 |
0.2 |
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Net profit |
0.2 |
0.2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Other reserves |
5.8 |
5.1 |
5.2 |
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Total stockholders equity |
5.8 |
5.1 |
5.2 |
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Provisions and allowances |
0.2 |
0.1 |
0.1 |
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Total long-term liabilities |
0.2 |
0.0 |
0.1 |
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Total current liabilities |
2.6 |
2.6 |
3.5 |
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Total liabilities (including net worth) |
8.7 |
7.9 |
8.9 |
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Total tangible fixed assets |
1.2 |
1.0 |
1.1 |
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Total asset investment |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
1.2 |
1.0 |
1.1 |
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Net stocks and work in progress |
4.0 |
4.1 |
4.6 |
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Trade debtors |
- |
1.4 |
2.0 |
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Other receivables |
- |
0.9 |
0.9 |
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Total receivables |
2.7 |
2.3 |
2.9 |
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Cash and liquid assets |
0.8 |
0.5 |
0.3 |
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Total current assets |
7.5 |
6.9 |
7.7 |
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Total assets |
8.7 |
7.9 |
8.9 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.90 |
2.60 |
2.20 |
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Acid test ratio |
1.30 |
1.10 |
0.90 |
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Current liabilities to net worth |
0.44% |
0.52% |
0.66% |
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Fixed assets to net worth |
0.21% |
0.20% |
0.22% |
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Return on assets |
- |
0.04% |
0.03% |
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Shareholders' return |
- |
0.06% |
0.06% |
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Profit per employee |
- |
2.63 |
2.42 |
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Return on capital |
- |
0.05% |
0.05% |
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Average wage per employee |
- |
39.70 |
39.84 |
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Net worth |
5.8 |
5.1 |
5.2 |
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Number of employees |
87 |
81 |
83 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.70 |
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1 |
Rs.92.22 |
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Euro |
1 |
Rs.79.18 |
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%)