MIRA INFORM REPORT

 

 

Report Date :

16.09.2013

 

IDENTIFICATION DETAILS

 

Name :

JAIN INTERNATIONAL TRADING B.V.

 

 

Registered Office :

24 Claude Debussylaan, Amsterdam 1082MD

 

 

Country :

Netherlands

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

24.03.2010

 

 

Com. Reg. No.:

34386980

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

Financial holdings

 

 

No. of Employees :

4

 

 

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 – 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

 

JAIN INTERNATIONAL TRADING B.V.

 

 

Company Summary

 

Company Name                                    Jain International Trading B.V.

Company Registration Number            34386980

Country                                                NL

Activity Code                                        6420

Activity Description                              Financial holdings

Company Status                                   Active

Profit – Before Tax                               68,441.98 (EUR)

 

 

Company Identification

 

Activities

Activity Code                 6420

Activity Description       Financial holdings

 

 

Basic Information

 

Company Name                                    Jain International Trading B.V.

Registered Company Name                  Jain International Trading B.V.

Company Registration Number            34386980

Country                                                NL

Date of Company Registration 24/03/2010

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

Company Status                                   Active

Principal Activity Code                         6420

Principal Activity Description               Financial holdings

Contact Address                                   24 Claude Debussylaan, AMSTERDAM 1082MD

Contact Telephone Number                  0205222555

 

 

Main Address

 

Address           24 Claude Debussylaan, AMSTERDAM 1082MD

Country            NL

 

 

Other Addresses

 

Address           24 Claude Debussylaan, AMSTERDAM 1082MD

Telephone        0205222555

 

 

Current Directors Managers

 

Name               Heather L. Jewitt

Gender             Female

Position           Director

 

 

Share Capital Structure

 

Issued Share capital     129,300.00 (EUR)

Name                           Jain Irrigation Systems Limited

Address                       72 Jain Plastic Park, India

Share Percent              100.00 %

 

Extended Group Structure

 

Company Name                          Registration Number              Status                          Last Financials

0 JAIN IRRIGATION SYSTEMS   11-42028                                  Active                           31/03/2012

1 Jain International Trading B.V.   343869800000             Active                          31/03/2013

 

 

Employee Information

 

Year                             2013

Number of Employees   4

 

Year                             2012

Number of Employees   0

 

Year                             2011

Number of Employees   0

 

Year                             2010

Number of Employees   4

 

 

 

 

 

Financial Statements

 

 

Profit & Loss

Financial Year                               2013                                                 2012

Number of Weeks                       52                                                     52

Currency                                        EUR                                                 EUR

 

 

Balance Sheet

 

Financial Year                               2013                                                 2012                                                  2011

Number of Weeks                       52                                                     52                                                      52

Currency                                        EUR                                                 EUR                                                  EUR

Consolidated  Accounts             False                                               False                                                False

Investments                                  19,588,529.31                               13,768,284.07                                28,428,000.00

Total Fixed Assets                      19,588,529.31                               13,768,284.07                                28,428,000.00

Miscellaneous  Receivables     35,641,356.20                               9,972,473.72                                  0.00

Total Receivables                       35,641,356.20                               9,972,473.72                                  0.00

Cash                                                1,918,216.81                                 1,763,922.05

Other Current Assets                0.00                                                  0.00                                                   10,154,475.00

Total Current Assets                  37,559,573.01                               11,736,395.77                                10,154,475.00

Total Assets                                  57,148,102.32                               25,504,679.84                                38,582,475.00

Miscellaneous  Liabilities           6,563,837.34                                 10,821,122.53                                10,320,522.00

Total Current Liabilities             6,563,837.34                                 10,821,122.53                                10,320,522.00

 Other Loans/Finance  due

 after 1 year                                    7,438,701.97                                  1,219,532.87                                   2,000,000.00

 Miscellaneous  Liabilities

 due after 1 year                          3,213,510.12                                    9,640,530.33                                   25,000,000.00

Total Long Term Liabilities       10,652,212.09                               10,860,063.20                                27,000,000.00

Total Liabilities                             17,216,049.43                               21,681,185.73                                37,320,522.00

Called Up Share Capital            106,244.43                                     111,922.06                                      174,143.00

Revenue Reserves                     -69,138.03                                      -201,075.75                                     -388,047.00

Other Reserves                           39,894,946.50                               3,912,647.79                                  1,475,857.00

Total Shareholders  Equity        39,932,052.90                               3,823,494.10                                  1,261,953.00

Other Financials

Working Capital                           30,995,735.67                               915,273.24                                      -166,047.00

Net Worth                                       39,932,052.90                               3,823,494.10                                  1,261,953.00

 

Ratios

 

Current Ratio                                5.72                                                  1.08                                                   0.98

Liquidity Ratio/Acid Test            5.72                                                  1.08                                                   0.98

Current Debt Ratio                      0.16                                                  2.83                                                   8.18

Gearing                                           26.68                                                284.04                                              2,139.54

Equity in Percentage                  69.87                                                14.99                                                 3.27

Total Debt Ratio                           0.43                                                  5.67                                                   29.57

 

 

Additional Information

 

Miscellaneous

Ceased Trading Date

Exporter                     No

Importer                     No

 

Industry Comparison

Industry Avg Credit Limit       133,774.22 (EUR)

Industry Avg Credit Rating     67.16

 

Payment Expectations Summary

Payment Expectation Days                 Industry Avg Payment              56.33

Expectation Days                    

DaySalesOutstanding                         Industry Avg Day Sales            52.90

Outstanding

 

Suspension Of Payments Mora          No

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations Lower                         23.57

Payment Expectations Median                       43.23

Payment Expectations Upper              62.81

 

Day Sales Outstanding

Day Sales Outstanding Lower                        11.36

Day Sales Outstanding Median                       24.51

Day Sales Outstanding Upper                         41.06

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.78

UK Pound

1

Rs.100.70

Euro

1

Rs.84.66

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.