MIRA INFORM REPORT

 

 

Report Date :

25.10.2013

 

IDENTIFICATION DETAILS

 

Name :

BEGRA TRADING B.V.

 

 

Registered Office :

9 -11-13 IJsselstraat, OSS 5347K

 

 

Country :

Netherlands

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

31.05.2007

 

 

Com. Reg. No.:

17207142

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

Wholesale of Business Furniture (No Office Furniture)

 

 

No. of Employees :

21

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 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 Summary

 

Company Name                                    Begra Trading B.V.

Company Registration Number            17207142

Country                                                NL

Activity Code                                        466502

Activity Description                              Wholesale of business furniture (no office furniture)

Company Status                                   Active

 

 

Company Identification

 

Activities

Activity Code                                        466502

Activity Description                              Groothandel in bedrijfsmeubels (geen kantoormeubels)

 

Basic Information

Company Name                                    Begra Trading B.V.

Registered Company Name                  Begra Trading B.V.

Company Registration Number            17207142

Country                                                NL

Date of Company Registration 31/05/2007

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

Company Status                                   Active

Principal Activity Code                         466502

Principal Activity Description               Wholesale of business furniture (no office furniture)

Contact Address                                   9 -11-13 IJsselstraat, OSS 5347K

Contact Telephone Number                  0412667650

 

 

Main Address

 

Address                                               9 -11-13 IJsselstraat, OSS 5347KG

Country                                                NL

 

 

Other Addresses

 

Address                                               9 -11-13 IJsselstraat, OSS 5347KG

Telephone                                            0412667650

Web Addresses                                    www.begramagazijninrichting.nl

 

 

Share Capital Structure

 

Issued Share capital                             55,000.00 (EUR)

Name                                                   Benson Nederland B.V.

Address                                               9 IJsselstraat, OSS 5347KG

Share Percent                                      100.00 %

 

 

Extended Group Structure

 

Company Name                                              Registration Number                Status         Last Financials

1  Benson Nederland B.V.                                 172071360000                            Active          31/12/2011

2  BR Lease B.V.                                              534337340000                            Active          31/12/2011

2  Begra Trading B.V.                                        172071420000                            Active          31/12/2011

2  Benson Montage B.V.                                   172578910000                            Active          31/12/2011

 

 

Affiliated Companies

 

Affiliate Name                                       BR Lease B.V.

Affiliate ID                                            NL007/X/534337340000

Country                                                NL

 

Affiliate Name                                       Benson Montage B.V.

Affiliate ID                                            NL007/X/172578910000

Country                                                NL

 

 

Employee Information

 

Year                                                     2011

Number of Employees              21

 

Year                                                     2010

Number of Employees              19

 

Year                                                     2009

Number of Employees              16

 

Year                                                     2008

Number of Employees              15

 

Year                                                     2007

Number of Employees              13

 

 

Financial statement

 

Balance Sheet

Financial Year                     2011                                     2010                                     2009

Number of Weeks                52                                        52                                         52

Currency                              EUR                                    EUR                                     EUR

Consolidated  Accounts       False                                   False                                    False

Total Tangible Assets         275,857.00                           264,376.00                            269,975.00

Total Intangible Assets                                                  87,000.00                              174,000.00

Investments                         0.00                                     0.00                                      0.00

Total Fixed Assets               275,857.00                           351,376.00                            443,975.00

Total Inventories                 746,735.00                           641,022.00                            759,145.00

Miscellaneous  

Receivables                         1,425,128.00                        646,155.00                            963,826.00

Total Receivables                1,425,128.00                        646,155.00                            963,826.00

Cash                                    143,881.00                           578,233.00                            602,156.00

Other Current Assets          0.00                                     0.00                                      0.00

Total Current Assets           2,315,744.00                        1,865,410.00                         2,325,127.00

Total Assets                        2,591,601.00                        2,216,786.00                         2,769,102.00

Miscellaneous  Liabilities    1,278,069.00                        595,784.00                            506,828.00

Total Current Liabilities      1,278,069.00                        595,784.00                            506,828.00

Miscellaneous Liabilities

due after 1 year                    33,322.00                             246,376.00                            26,100.00

Total Long Term

Liabilities                            33,322.00                             246,376.00                            26,100.00

Total Liabilities                   1,311,391.00                        842,160.00                            532,928.00

Called Up Share Capital      55,000.00                             55,000.00                              1,055,000.00

Revenue Reserves               0.00                                     0.00                                      0.00

Other Reserves                    1,225,210.00                        1,319,626.00                         1,181,174.00

Total Shareholders  

Equity                                  1,280,210.00                        1,374,626.00                         2,236,174.00

Other Financials

Working Capital                  1,037,675.00                        1,269,626.00                         1,818,299.00

Net Worth                            1,280,210.00                        1,287,626.00                         2,062,174.00

 

 

Ratios

Current Ratio                       1.81                                     3.13                                      4.59

Liquidity Ratio/Acid Test     1.23                                     2.06                                      3.09

Current Debt Ratio               1.00                                     0.43                                      0.23

Gearing                               2.60                                     17.92                                    1.17

Equity in Percentage           49.40                                    64.54                                    86.17

Total Debt Ratio                   1.02                                     0.61                                      0.24

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.99.53

Euro

1

Rs.84.82

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.