MIRA INFORM REPORT

Report Date :

17.09.2013

IDENTIFICATION DETAILS

Name :	LEEN BAKKER NEDERLAND B.V.

Registered Office :	3 Karperweg, Raamsdonksveer 49

Country :	Netherlands

Date of Incorporation :	20.06.1974

Com. Reg. No.:	18118971

Legal Form :	Private limited liability company

Line of Business :	Holding companies (not financial)

No. of Employees :	Not Available

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 :	Unknown
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

Company Summary

Company Name Leen Bakker Nederland B.V. Company Registration Number 18118971
Country NL Number
Activity Code 70102 Activity Description Holding companies (not financial)
Company Status Other Latest Turnover
Credit Limit No credit limit Latest Shareholders Equity
Rating Indicator
	Profit Before Tax

Company Identification

Activities

Activity Code 70102

Activity Description Holdings (geen financiële)

Basic Information

Company Name Leen Bakker Nederland B.V.

Registered Company Name Leen Bakker Nederland B.V.

Company Registration Number 18118971

Country NL

VAT Registration Number

VAT Registration Date

Date of Company Registration 20/06/1974

Date of Starting Operations

Commercial Court

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

Type of Ownership

Company Status Other

Principal Activity Code 70102

Principal Activity Description Holding companies (not financial)

41

Contact Address 3 Karperweg, RAAMSDONKSVEER 49

Contact Telephone Number 0162583100

Other Addresses

Address 3 Karperweg, RAAMSDONKSVEER 4941SH

Telephone 0162583100

Web Addresses

www.leenbakker.nl

Share Capital Structure

Issued Share capital 18,000.00 (EUR)

Name Leen Bakker Holding B.V.

Address 3 Karperweg, RAAMSDONKSVEER 4941SH

Share Percent 100.00 %

Extended Group Structure
Company Name	Registration Number	Status	Last Financials
1 Blokker Holding B.V.	331349430000	Active	28/01/2012
2 Hoyng Nederland B.V.	170060230000	Other
2 Stijns en Co B.V.	332632820000	Other
2 Groenblok B.V.	301179560000	Other
3 Tuincentrum Overvecht Utrecht B.V.	300428650000	Other
3 Tuincentrum Overvecht Montfoort B.V.	300843800000	Other
3 Tuincentrum Overvecht Tilburg B.V.	180353600000	Other
3 Tuincentrum Overvecht Wateringen B.V.	271467490000	Other
3 Tuincentrum Overvecht Boxmeer B.V.	160622500000	Other
2 De Marskramer B.V.	290229720000	Other
2 Intertoys Holland B.V.	290278690000	Other
2 Bart Smit Beheer B.V.	360205580000	Other
3 Speelgoedpaleis Bart Smit B.V.	360093880000	Other
2 Leen Bakker Holding B.V.	181198990000	Other
3 Leen Bakker Nederland B.V.	181189710000	Other
2 Casa Holding B.V.	200575950000	Other
2 Blokker B.V.	331478470000	Other
2 Trend Center B.V.	331507100000	Other
2 Financieringsmaatschappij Klimroos B.V.	331748130000	Other
2 Handelsonderneming Novalux B.V.	330978300000	Other
2 Electroblok B.V.	331091000000	Other
2 Family Shop B.V.	331935420000	Other
2 Zeilhoorn B.V.	332010590000	Other
2 Big Bazar Holding B.V.	332398760000	Other

3 Big Bazar B.V. 331846240000 Other

Affiliated Companies

Affiliate Name Hoyng Nederland B.V.

Affiliate ID NL007/X/170060230000

Country NL

Affiliate Name Stijns en Co B.V.

Affiliate ID NL007/X/332632820000

Country NL

Affiliate Name Groenblok B.V.

Affiliate ID NL007/X/301179560000

Country NL

Affiliate Name Tuincentrum Overvecht Utrecht B.V.

Affiliate ID NL007/X/300428650000

Country NL

Affiliate Name Tuincentrum Overvecht Montfoort B.V.

Affiliate ID NL007/X/300843800000

Country NL

Affiliate Name Tuincentrum Overvecht Tilburg B.V.

Affiliate ID NL007/X/180353600000

Country NL

Affiliate Name Tuincentrum Overvecht Wateringen B.V.

Affiliate ID NL007/X/271467490000

Country NL

Affiliate Name Tuincentrum Overvecht Boxmeer B.V.

Affiliate ID NL007/X/160622500000

Country NL

Affiliate Name De Marskramer B.V.

Affiliate ID NL007/X/290229720000

Country NL

Affiliate Name Intertoys Holland B.V.

Affiliate ID NL007/X/290278690000

Country NL

Affiliate Name Bart Smit Beheer B.V.

Affiliate ID NL007/X/360205580000

Country NL

Affiliate Name Speelgoedpaleis Bart Smit B.V.

Affiliate ID NL007/X/360093880000

Country NL

Affiliate Name Casa Holding B.V.

Affiliate ID NL007/X/200575950000

Country NL

Affiliate Name Blokker B.V.

Affiliate ID NL007/X/331478470000

Country NL

Affiliate Name Trend Center B.V.

Affiliate ID NL007/X/331507100000

Country NL

Affiliate Name Financieringsmaatschappij Klimroos B.V.

Affiliate ID NL007/X/331748130000

Country NL

Affiliate Name Handelsonderneming Novalux B.V.

Affiliate ID NL007/X/330978300000

Country NL

Affiliate Name Electroblok B.V.

Affiliate ID NL007/X/331091000000

Country NL

Affiliate Name Family Shop B.V.

Affiliate ID NL007/X/331935420000

Country NL

Affiliate Name Zeilhoorn B.V.

Affiliate ID NL007/X/332010590000

Country NL

Affiliate Name Big Bazar Holding B.V.

Affiliate ID NL007/X/332398760000

Country NL

Affiliate Name Big Bazar B.V.

Affiliate ID NL007/X/331846240000

Country NL

Additional Information

Miscellaneous Ceased Trading Date Exporter

Importer

Payment Expectations Summary

Payment Expectation Days

Industry Avg Payment

Expectation Days 57.22

Industry Avg Day Sales

DaySalesOutstanding

Outstanding 51.82

Suspension Of Payments Mora No

Industry Quartile Analysis

Payment Expectation Days

Payment Expectations Lower 24.06

Payment Expectations Median 43.20

Payment Expectations Upper 62.03

Day Sales Outstanding

Day Sales Outstanding Lower 14.50

Day Sales Outstanding Median 29.59

Day Sales Outstanding Upper 51.42

Letters Of Liablility Information

Financial Year 2013

Company Name Blokker Holding B.V.

Company Number 33134943

Date Submited 12/04/2012

LetterOfLiabilityStartDate 03/03/1998 LetterOfLiabilitySubmittedDate 03/03/1998

LetterOfLiabilityRemovalSubmitted LetterOfLiabilityRemovalDate

LetterOfLiabilityStartDate LetterOfLiabilitySubmittedDate

LetterOfLiabilityRemovalSubmitted LetterOfLiabilityRemovalDate

LetterOfLiabilityStartDate_Parent2 LetterOfLiabilitySubmittedDate_Parent2

LetterOfLiabilityRemovalSubmitted_Parent2 LetterOfLiabilityRemovalDate_Parent2

LetterOfLiabilityStartDate_Parent2 LetterOfLiabilitySubmittedDate_Parent2

LetterOfLiabilityRemovalSubmitted_Parent2 LetterOfLiabilityRemovalDate_Parent2

Negative Information

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.48
UK Pound	1	Rs.99.66
Euro	1	Rs.83.49

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%)

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.

MIRA INFORM REPORT

Company Summary

Company Identification

Affiliated Companies

Additional Information

Unit