MIRA INFORM REPORT

Report Date :

04.05.2013

IDENTIFICATION DETAILS

Name :	SMALLWOOD B.V.

Registered Office :	Maurice Roelantshove 12, 3437BR Nieuwegein

Country :	Netherlands

Date of Incorporation :	09.09.2011

Com. Reg. No.:	53526775

Legal Form :	Besloten Vennootschap

Line of Business :	Activities annuity. Importing products. Sales of products (sporting activities) clothing & accessories at retail, wholesale and via the Internet. Export of apparel and accessories & consultancy work

No. of Employees :	1

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Netherlands

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 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

CONTACTINFORMATION

Company name	Smallwood B.V.
Tradename	Smallwood B.V.
	Mike & Charlie
Address	Maurice Roelantshove 12
	3437BR Nieuwegein
	Netherlands
Mail address	Maurice Roelantshove 12
	3437BR Nieuwegein
	Netherlands
Mobile phone	0623860227
E-mail address	cora@mike-charlie.com
Website	www.mike-charlie.com \| www.mike-charlie.nl \| www.mikeandcharlie.com \|
	www.mikeencharlie.nl
VAT number / RSIN	850914115

COMPANY STRUCTURE

Shareholder	Cora Suzette Kleinhout
	Active since: 09-09-2011
	Percentage: 100.00%

Real estate	Lease
	The real estate is checked at the land registration office
	Object code: JUTPHAAS G 3492
	Owner: Robertus Johannes Gerardus Vermeulen

MANAGEMENT

Management	C.S. Kleinhout
	Cora Suzette
	Authorization: Fully authorized
	Position: General director
	Date appointed: 09-09-2011
	Date of birth: 13-11-1972

PAYMENT INFORMATION

Payment experiences

There are no payment experiences known

FINANCIAL INFORMATION

Annual accounts The company is not obligated to publish its financial account.

Tendency Not to be judged because of the absence of sufficient financial information

Profitability Not to be judged

Solvency Not to be judged

Liquidity Positive

Currency Euro

History

Management Per 09-09-2011 manager Cora Suzette Kleinhout appointed.

Company structure

• Smallwood B.V. (53526775) Nieuwegein

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.95
UK Pound	1	Rs.83.80
Euro	1	Rs.70.49

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

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