MIRA INFORM REPORT

 

 

Report Date :

03.10.2013

 

IDENTIFICATION DETAILS

 

Name :

WE EUROPE B.V.

 

 

Registered Office :

101 Reactorweg, Utrecht 3542AD

 

 

Country :

Netherlands

 

 

Date of Incorporation :

08.12.1977

 

 

Com. Reg. No.:

30089877

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Subject is a retailer of women's, men's and children as well as all the corresponding accessories.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

Payment Behaviour :

--

Litigation :

--

 

 

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

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 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

COMPANY NAME

 

WE EUROPE B.V.

 

 

Company Summary

 

Company Name            We Europe B.V.             Company Registration Number    30089877

 

Country            NL       

Activity Code    70102                                         Activity Description     Holding companies (not financial)

Company Status          Other    

 

 

Company Identification

 

Activities

Activity Code                70102

Activity Description      Holdings (geen financiële)

Retailer of women's, men's and children as well as all the corresponding accessories.

 

 

Basic Information

 

Company Name                                    We Europe B.V.            

Registered Company Name                  We Europe B.V.

Company Registration Number           30089877         

Country                                                NL

Date of Company Registration             08/12/1977       

Legal Form                                           Private limited liability company (BV)with ordinary structure

Company Status                                  Other

Principal Activity Code                        70102   

Principal Activity Description Holding companies (not financial)

Contact Address                                  101   Reactorweg,   UTRECHT   3542A

Contact Telephone Number                 0302479213

 

 

Main Address

 

Address          101   Reactorweg,   UTRECHT   3542AD

Country            NL

 

 

Other Addresses

 

Address          101   Reactorweg,   UTRECHT   3542AD

Telephone        0302479213

 

 

Current Directors Managers

 

Name                Remco   Henricus   Vermeij

Position           Director

 

 

Share Capital Structure

 

Issued Share capital                2,268,900.00 (EUR)

Name                                        Logo International B.V.

Address                                  7032   Minervum,   BREDA   4817ZL

Share Percent              100.00 %

 

 

Extended Group Structure

 

Company Name

Registration Number

Status

Last Financials

0  WE Finance and Services (Luxembourg) S.à r.l.

B57450

Active

31/01/2012

1  We International B.V.

300912610000

Active

31/01/2013

2  Ronstreet Properties Holding B.V.

300898750000

Other

 

3  Ronstreet Properties B.V.

300916420000

Other

 

4  WE Duitsvast B.V.

301064460000

Other

 

2  Logo International B.V.

302198020000

Other

 

3  Waalwear Group B.V.

300898760000

Other

 

4  Van Gils Fashion B.V.

180761600000

Other

 

4  Van Gils Retail B.V.

180763340000

Other

 

3  We Europe B.V.

300898770000

Other

 

4  We Germany B.V.

300898740000

Other

 

4  We Belgium B.V.

300898790000

Other

 

4  We Netherlands B.V.

300911810000

Other

 

4  We Real Estate Management B.V.

302101370000

Other

 

3  Setpoint Holding B.V.

091464240000

Other

 

4  Setpoint B.V.

090688600000

Other

 

3  Waalwear Kids B.V.

180761580000

NonActive

 

4  The Kids Company B.V.

343421390000

NonActive

 

3  Boardco B.V.

201316240000

Other

 

4  O'Neill Europe Holding B.V.    280799440000   Other     30/11/2006

5  O'Neill Netherlands B.V.

280335660000

Other

30/11/2006

5  O'Neill Europe B.V.

280361210000

Other

 

5  O'Neill Retail Europe B.V.

280521980000

Other

30/11/2006

6  O'Neill Retail Netherlands B.V.

310430410000

Other

30/11/2006

5  O'Neill Germany B.V.

310430420000

Other

30/11/2006

4  O'Neill Trademark B.V.

180761570000

Other

31/01/2011

 

 

Affiliated Companies

 

Affiliate Name   We International B.V.

Affiliate ID        NL007/X/300912610000

Country            NL

 

Affiliate Name   Ronstreet Properties Holding B.V.

Affiliate ID        NL007/X/300898750000

Country            NL

 

Affiliate Name   Ronstreet Properties B.V.

Affiliate ID        NL007/X/300916420000

Country            NL

 

Affiliate Name   WE Duitsvast B.V.

Affiliate ID        NL007/X/301064460000

Country            NL

 

Affiliate Name   Waalwear Group B.V.

Affiliate ID        NL007/X/300898760000

Country            NL

 

Affiliate Name   Van Gils Fashion B.V.

Affiliate ID        NL007/X/180761600000

Country            NL

 

Affiliate Name   Van Gils Retail B.V.

Affiliate ID        NL007/X/180763340000

Country            NL

 

Affiliate Name   Setpoint Holding B.V.

Affiliate ID        NL007/X/091464240000

Country            NL

 

Affiliate Name   Setpoint B.V.

Affiliate ID        NL007/X/090688600000

Country            NL

 

Affiliate Name   Waalwear Kids B.V.

Affiliate ID        NL007/X/180761580000

Country            NL

 

Affiliate Name   The Kids Company B.V.

Affiliate ID        NL007/X/343421390000

Country            NL

 

Affiliate Name   Boardco B.V.

Affiliate ID        NL007/X/201316240000

Country            NL

 

Affiliate Name   O'Neill Europe Holding B.V.

Affiliate ID        NL007/X/280799440000

Country            NL

 

Affiliate Name   O'Neill Netherlands B.V.

Affiliate ID        NL007/X/280335660000

Country            NL

 

Affiliate Name   O'Neill Europe B.V.

Affiliate ID        NL007/X/280361210000

Country            NL

 

Affiliate Name   O'Neill Retail Europe B.V.

Affiliate ID        NL007/X/280521980000

Country            NL

 

Affiliate Name   O'Neill Retail Netherlands B.V.

Affiliate ID        NL007/X/310430410000

Country            NL

 

Affiliate Name   O'Neill Germany B.V.

Affiliate ID        NL007/X/310430420000

Country            NL

 

Affiliate Name   O'Neill Trademark B.V.

Affiliate ID        NL007/X/180761570000

Country            NL

 

 

Additional Information

 

Miscellaneous Ceased Trading Date Exporter

Importer

 

Industry Comparison

Industry Avg Credit Limit         110,024.44 (EUR)

Industry Avg Credit Rating      67.67

 

 

Payment Expectations Summary

 

Payment Expectation Days                  Industry Avg Payment             57.27

Expectation Days

DaySalesOutstanding               Industry Avg Day Sales                       51.76   

Outstanding

Suspension Of Payments Mora           No

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations  Lower 24.06

Payment Expectations Median            43.28

Payment Expectations Upper   62.03

 

Day Sales Outstanding

Day Sales Outstanding Lower 14.05

Day Sales Outstanding Median            29.59

Day Sales Outstanding Upper 51.03

 

 

Letters Of Liability Information

 

Financial Year                          2012

Company Name                        We International B.V.

Company Number                    30091261

Date Submited                         03/07/2013

Letter Of Liability Start Date      01/01/1986

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.36

UK Pound

1

Rs.101.20

Euro

1

Rs.84.54

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.