MIRA INFORM REPORT

Report Date :

20.08.2014

IDENTIFICATION DETAILS

Name :	TEEZEE TEXTILES EUROPE B.V.
Registered Office :	Neckardreef 137 3562CM Utrecht
Country :	Netherlands
Date of Incorporation :	20.03.2013
Com. Reg. No.:	57513104
Legal Form :	Private Company
Line of Business :	· Wholesale of textile products · Wholesale of furnishing textiles and floor coverings
No. of Employees	02

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

Source : CIA

Company name and address

Company name TEEZEE TEXTILES EUROPE B.V.

Operative address Neckardreef 137

3562CM Utrecht

Netherlands

Legal form Private Company

Registration number KvK-nummer: 57513104

VAT-number 852614081

Contact information

Company name TeeZee Textiles Europe B.V.

Trade names TeeZee Textiles Europe B.V.

Fidèle Tex

Operative address Neckardreef 137

3562CM Utrecht

Netherlands

Correspondence address Neckardreef 137

3562CM Utrecht

Netherlands

Mobile number 0645043361

Email address info@teezeetextileseurope.eu

Registration

Registration number KvK-nummer: 57513104

Branch number 000026949598

VAT-number 852614081

Status Active

First registration company register 2013-03-20

Memorandum 2013-03-20

Establishment date 2013-03-20

Legal form Private Company

Activities

SBI Wholesale of textile products (46429)

Wholesale of furnishing textiles and floor coverings (46472)

Exporter Yes

Importer Yes

Goal Groothandel in algemene textiel, alsmede de import , export en groothandel in huishoudelijk

textiel en huishoudelijke artikelen en verkoop vanuit de winkel alsmede een webshop

daarvan

Relations

Shareholders Mohammad Amir Shafi Syed

Percentage: 100%

Companies on same address TeeZee Textiles Europe

Registration number: 570341330000

Management

Active management

M.A.S. Syed (Mohammad Amir Shafi)

Netherlands

Competence: Fully authorized

Function: General Director

Starting date: 2013-03-20

Date of birth: 1973-03-04, Karachi, PK

employee

Year	2014	2013
Total	2	2

Payments

Description

Payments made under regular condition

Financial statement

Remark annual account

This company is not obliged to file its financial statements

Analysis

Branch (SBI)

Wholesale trade (no motor vehicles and motorcycles) (46)

Region

Westelijk Utrecht In the Netherlands 109662 of the companies are registered with the SBI code 46 In the region Westelijk Utrecht 4157 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 Westelijk Utrecht 88 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 Westelijk Utrecht is normal

Publications

Functions

25-03-2014: Per 20-03-2014 is bestuurder Radjkapoer Mohan uit functie getreden. 21-03-2013: Per 20-03-2013 is bestuurder Mohammad Amir Shafi Syed in functie getreden. 21-03-2013: Per 20-03-2013 is bestuurder Radjkapoer Mohan in functie getreden.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.73
UK Pound	1	Rs.101.48
Euro	1	Rs.81.04

INFORMATION DETAILS

Analysis Done by :	SUB
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%)

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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.