|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KIN NETHERLANDS B.V. |
|
|
|
|
Registered Office : |
Verheeskade 197 2521DD 's-Gravenhage |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Date of Incorporation : |
08.06.2006 |
|
|
|
|
Com. Reg. No.: |
27289167 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retail sale of Jeweller's goods |
|
|
|
|
No. of Employees |
Not Available |
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 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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
percen
|
Source
: CIA |
Summary
Company name KIN NETHERLANDS B.V.
Operative address Verheeskade 197
2521 DD 's-Gravenhage
Netherlands
Legal form Private Company
Registration number KvK-nummer: 27289167
VAT-number 815801208
Company name KIN Netherlands B.V.
Trade names Lucardi Juwelier
KIN Netherlands B.V.
Operative address Verheeskade 197
2521DD 's-Gravenhage
Netherlands
Correspondence address Postbus 19385
2500CJ 's-Gravenhage
Netherlands
Telephone number 070 3766300
Fax number 070 3766400
Email address info@lucardi.nl
Website www.lucardi.nl
Registration number KvK-nummer: 27289167
Registered in Kamer van Koophandel Den Haag
Branch number 000019944527
VAT-number 815801208
Status Active
First registration company register 2006-06-09
Memorandum 2006-06-08
Establishment date 2006-06-08
Legal form Private Company
Last proposed admendment 2008-03-14
SBI Retail sale of jeweller's goods (4777)
Financial holdings (642)
Financial holdings (6420)
Exporter No
Importer No
Goal Holding and finance
Shareholders Klockgrossisten I Norden AB
Sweden
Percentage: 100.00%
Shareholders Name: Klockgrossisten I Norden AB
Office address: Almungevägen 2, SE-194 51 Upplands Väsby, Sweden
Companies on same address
Registered in: Bolagsverket Upplands Väsby, Sweden with registration number DB
556438-6950
Only shareholder since: 08-06-2006
Stichting Administratiekantoor Siebel Beheer
Registration number: 273199850000
Goudappel Coffeng B.V.
Registration number: 380174790003
MAP traffic management B.V.
Registration number: 273731030000
Accounts ABN Amro Bank NV
Account number: 40.48.45.851
A. Al Saffar (Ayad)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2006-06-08
Date of birth: 1964-07-25, Baghdad, IQ
Active management
T.A. Koomen (Theodorus Antonius)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2010-01-15
Date of birth: 1962-05-14, Leiden, NL
Score 6,75
Description The payments are regular
Branch (SBI) Financiële instellingen (none Insurance en Guest-house funding) (64)
Region Groot Den Haag
In the Netherlands 377806 of the companies are registered with the SBI code 64
In the region Groot Den Haag 21654 of the companies are registered with the SBI code 64
In the Netherlands 3279 of the bankrupcties are published within this sector
In the region Groot Den Haag 139 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is Low
The risk of this specific sector in the region Groot Den Haag is Low
Consent statements 28-01-2014: Voor boekjaar 2013 is een instemmingsverklaring gedeponeerd.
05-09-2012: Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.
21-10-2011: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.
03-05-2010: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.
Liability statements 28-01-2014: Per 22-01-2014 is een aansprakelijkheidsverklaring door gedeponeerd.
Functions 24-08-2010: Per 15-01-2010 is bestuurder Theodorus Antonius Koomen in functie getreden.
Other 04-03-2014: Datum deponering: 10-02-2014 Soort deponering: Geconsolideerde
jaarrekening (art. 408 BW2).
Relations 3
Klockgrossisten I Norden AB
Sweden
• KIN Netherlands B.V.
Verheeskade 197
2521DD 's-Gravenhage
Netherlands
Registration number: 272891670000
• Kijkshop B.V.
Schimminck 12
5301KR ZALTBOMMEL
Netherlands
Registration number: 110175570000
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.