MIRA INFORM REPORT
|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
IBANA B.V. |
|
|
|
|
Registered Office : |
Koningin Wilhelminaplein 1, 1062HG Amsterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
24.03.2010 |
|
|
|
|
Com. Reg. No.: |
34387678 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Agents involved in the sale of textiles, clothing, footwear and
leather goods |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 2012-13 tax revenues
dropped, 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 |
Summary
Company name IBANA
B.V.
Operative address Koningin
Wilhelminaplein 1
1062HG Amsterdam
Netherlands
Legal form Private
Company
Registration number KvK-nummer:
34387678
VAT-number 822241092
|
Year |
2011 |
Mutation |
2010 |
Mutation |
|
Fixed assets |
62.573 |
-12,74 |
71.705 |
|
|
Total receivables |
121.238 |
-42,35 |
210.310 |
|
|
Total equity |
138.584 |
76,77 |
78.398 |
|
|
Short term liabilities |
496.097 |
15,18 |
430.696 |
|
|
Working capital |
76.011 |
1.035,68 |
6.693 |
|
|
Quick ratio |
0,36 |
-32,08 |
0,53 |
|
Contact information
Company name bana
B.V.
Trade names Ibana
B.V.
Operative address Koningin
Wilhelminaplein 1
1062HG Amsterdam
Netherlands
Correspondence address Postbus
69223
1060CE Amsterdam
Netherlands
Telephone number 0206150005
Email address info@ibanarouge.nl
Website www.ibanarouge.nl
Registration
Registration number KvK-nummer:
34387678
Branch number 000018579299
VAT-number 822241092
Status Active
First registration company register 2010-03-29
Memorandum 2010-03-24
Establishment date 2010-03-24
Legal form Private Company
Last proposed admendment 2012-12-10
Activities
SBI Agents
involved in the sale of textiles, clothing, footwear and leather goods (4616)
Exporter Yes
Importer Yes
Goal Importing,
selling, promoting and distributing an exclusive clothing line in leather and
other related products in leather.
Relations
Companies on same address Amount:
24
Management
Active management Hadico B.V.
Koningin Wilhelminaplein 1Loc 04.06.22
1062HG AMSTERDAM
Netherlands
Registration number: 333028510000
Competence: Fully authorized
Function: General Director
Starting date: 2010-03-24
Working
Girl Holding B.V.
Stoopendaalweg 11
3632JD LOENEN AAN DE VECHT
Netherlands
Registration number: 341757760000
Competence: Fully authorized
Function: General Director
Starting date: 2010-03-24
Employees
Total according to the Chamber of Commerce 4
Year 2014 2012 2011 2010
Total 4 4 2
2
Payments
Score 7,9
Description Payments made
under regular condition
Key figures
|
Year |
2011 |
2010 |
|
Quick ratio |
0,36 |
0,53 |
|
Current ratio |
1,15 |
1,02 |
|
|
||
|
Working capital/ balance
total |
0,12 |
0,01 |
|
Equity / balance total |
0,22 |
0,15 |
|
Equity / Fixed assets |
2,21 |
1,09 |
|
Equity / liabilities |
0,28 |
0,18 |
|
Balance total /
liabilities |
1,28 |
1,18 |
|
|
||
|
Working capital |
76.011 |
6.693 |
|
Equity |
138.584 |
78.398 |
|
Mutation equity |
76,77 |
|
|
Mutation short term liabilities |
15,18 |
|
Summary The 2011
financial result structure is a postive working captial of 76.011 euro, which is
in agreement with 12 % of the total assets of the company.
The working capital has increased with
1035.68 % compared to previous year. The ratio, with respect to the total
assets of the company has however, increased.
The improvement between 2010 and 2011 has
mainly been caused by an increase of the current assets.
The current ratio of the company in 2011 was
1.15. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2011 of the company was
0.36. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2010 financial result structure is a
postive working captial of 6.693 euro, which is in agreement with 1 % of the
total assets of the company.
The current ratio of the company in 2010 was
1.02. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2010 of the company was
0.53. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
Financial statement
Type of annual account Corporate
Annual account Ibana
B.V.
Koningin Wilhelminaplein 1
1062HG Amsterdam
Netherlands
Registration
number: 343876780000
Balance
|
Year |
2011 |
2010 |
|
End date |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
62.573 |
71.705 |
|
Fixed assets |
62.573 |
71.705 |
|
Inventories |
392.340 |
207.815 |
|
Total receivables |
121.238 |
210.310 |
|
Liquid funds |
58.530 |
19.264 |
|
Current assets |
572.108 |
437.389 |
|
Total assets |
634.681 |
509.094 |
|
Total equity |
138.584 |
78.398 |
|
Short term liabilities |
496.097 |
430.696 |
|
Total short and long term liabilities |
496.097 |
430.696 |
|
Total liabilities |
634.681 |
509.094 |
Summary The
total assets of the company increased with 24.67 % between 2010 and 2011.
Despite the assets growth, the non current
assets decreased with -12.74 %.
The asset growth has mainly been financed by
a Net Worth increase of 76.77 %. Debt, however, grew with 15.18 %.
In 2011 the assets of the company were 9.86
% composed of fixed assets and 90.14 % by current assets. The assets are being
financed by an equity of 21.84 %, and total debt of 78.16 %.
In 2010 the assets of the company were 14.08
% composed of fixed assets and 85.92 % by current assets. The assets are being
financed by an equity of 15.4 %, and total debt of 84.6 %.
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Groot
Amsterdam
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Groot Amsterdam 10512 of the
companies are registered with the SBI code 46
In the Netherlands 2387 of the bankrupcties
are published within this sector
In the region Groot Amsterdam 209 of the
bankruptcies are published within this sector
The risk of this specific sector in the
Netherlands is normal
The risk of this specific sector in the
region Groot Amsterdam is normal
Publications
Filings 29-03-2013:
De jaarrekening over 2011 is gepubliceerd.
28-04-2011: De jaarrekening over 2010 is
gepubliceerd.
Amendments 12-12-2012:
Per 10-12-2012 statuten gewijzigd.
01-11-2011: Per 1-11-2011 statuten
gewijzigd. Per 1-11-2011 naam gewijzigd in: Ibana B.V..
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.100.71 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.