MIRA INFORM REPORT

 

 

Report Date :

12.03.2013

 

IDENTIFICATION DETAILS

 

Name :

BERNARDINO HOLLAND B.V.

 

 

Registered Office :

De Veken 106, 1716KG Opmeer

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

26.05.1998

 

 

Com. Reg. No.:

35029669

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of fashion articles

 

 

No. of Employees :

03

 

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

(31.03.2012)

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

 

CONTACT INFORMATION

 

Company name

Bernardino Holland B.V.

Tradename

Bernardino Holland B.V.

Address

De Veken 106

 

1716KG Opmeer

 

Netherlands

Mail address

De Veken 106

 

1716KG Opmeer

 

Netherlands

Telephone number

0226354438

Telefax number

0226358555

E-mail address

max@bernardino.nl

Website

www.bernardino.nl

VAT number / RSIN

807033935

 

 

COMPANY INFORMATION

 

Handelsregisternummer 35029669

Registered in                             Chamber of commerce Noordwest-Holland

First registration                         26-05-1998

Act of foundation                        20-05-1998

Date of constitution                    01-04-1985

Continuation date                       20-05-1998

Legal form                                 Besloten Vennootschap

Place of constitution                   Uitgeest

 

Issued capital

Paid up capital

18.332,72

18.332,72

 

 

NACE-code

Wholesale of fashion articles (51425)

SBI-code

Wholesale of clothing accessories (46425)

Formal objective

De groothandel in mode-accesoires

 

Employees Total: 3

Employees according to CoC Chamber of commerce: 3

 

 

COMPANY STRUCTURE

 

Shareholder

Stichting Administratiekantoor Bernardino

 

De Veken 106

 

1716KG OPMEER

 

Netherlands

 

KvK: 37144727

 

Active since: 24-09-2008

 

Percentage: 100.00%

 

Real estate

Property owned

 

The real estate is checked at the land registration office

 

Object code: OPMEER T 482

 

Owner: Bernardino Holland BV

 

 

MANAGEMENT

 

Management                 Young and Bad B.V.

De Veken 106

1716KG OPMEER

Netherlands

KvK: 35029668

Authorization: Jointly authorized

Position: Manager

Date appointed: 20-05-1998

 

Nuijens Beheer B.V.

De Veken 106

1716KG OPMEER

Netherlands

KvK: 35017914

Authorization: Jointly authorized

Position: Manager

Date appointed: 20-05-1998

 

 

FINANCIAL INFORMATION

 

Publication financial statement

 

Annual accounts 2011 are published on 18-09-2012

Annual accounts 2010 are published on 01-02-2012

Annual accounts 2009 are published on 13-08-2010

Annual accounts 2008 are published on 23-11-2009

Annual accounts 2007 are published on 02-04-2008

 

Type of publication                     Corporate

 

Publication                                Publication according to obligations by law

 

CORE FIGURES

 

 

 

BOOKYEAR

2011

2010

2009

Quick ratio

0,29

0,89

0,49

Current ratio

1,67

2,93

2,83

Nett workingcapital / Balance total

0,22

0,34

0,32

Capital and reserves / Balance total

0,16

0,25

0,22

Capital and reserves / Fixed assets

0,35

0,50

0,42

Solvency

0,19

0,32

0,27

Nett workingcapital

335.824

467.766

433.337

Capital and reserves

244.120

341.911

296.466

Change capital and reserves

-28,60%

15,33%

36,92%

change short term liabilities

105,45%

2,35%

0,61%

 

Annual accounts                                    The company is obligated to publish its annual accounts

Last annual accounts                             2011

Tendency capital & reserves                   changeable

 

 

 

 

 

 

 

 

 

Capital and reserves                   2011 244.120

Total debt                                  2011 1.277.916

Current ratio                              2011 1,67

Quick ratio                                2011 0,29

Nett workingcapital                     2011 335.824

Profitability                                Negative

Solvency                                   Limited

Liquidity                                    Satisfactory

 

Current & Quick ratio

 

 

 

BALANCE sheet

 

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Tangible assets

688.322

685.175

704.804

Fixed assets

688.322

685.175

704.804

 

Stocks and work in progress

688.341

495.117

553.300

Accounts receivable

139.800

157.217

109.631

Liquid assets

5.573

57.779

7.185

Current assets

833.714

710.113

670.116

Total assets

1.522.036

1.395.288

1.374.920

 

Capital and reserves

244.120

341.911

296.466

Long term liabilities

780.026

811.030

841.675

Total short term debt

497.890

242.347

236.779

Total debt

1.277.916

1.053.377

1.078.454

Total Liabilities

1.522.036

1.395.288

1.374.920

 

 

History

 

Modifications                             Issued capital changed to EUR 18.332,72 Paid up capital changed to EUR

18.332,72.

Other publications                      Date of filing: 19 march 2010.

 

 

Company structure

 

Bernardino Holland B.V. (35029669)

Opmeer

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.81.09

Euro

1

Rs.70.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.