MIRA
INFORM REPORT
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Report Date : |
01.02.2014 |
IDENTIFICATION DETAILS
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Name : |
TRADE2RECYCLE B.V. |
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Registered Office : |
De Huufkes 11 5674TL Nuenen |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
13.12.2012 |
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Com. Reg. No.: |
56665946 |
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Legal Form : |
Private Company |
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Line of Business : |
Importing and exporting, buying and selling, wholesale
of recycling products, waste, commodities, mediate in the creation of this
national and international
transactions and services |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Source
: CIA |
Summary
Company name TRADE2RECYCLE
B.V.
Operative address De
Huufkes 11
5674TL Nuenen
Netherlands
Legal form Private
Company
Registration
number KvK-nummer:
56665946
VAT-number 852246912
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Year |
2012 |
Mutation |
Mutation |
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Fixed assets |
25.966 |
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Total receivables |
100.288 |
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Total equity |
-8.513 |
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Short term liabilities |
115.500 |
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Working capital |
46.618 |
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Quick ratio |
1,22 |
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Contact information
Company name Trade2Recycle
B.V.
Trade names Trade2Recycle
B.V.
Operative address De
Huufkes 11
5674TL Nuenen
Netherlands
Correspondence address De
Huufkes 11
5674TL Nuenen
Netherlands
Telephone number 0402221486
Registration
Registration number KvK-nummer:
56665946
Branch number 000026194023
VAT-number 852246912
Status Active
First registration company register 2012-12-17
Memorandum 2012-12-13
Establishment date
2012-12-13
Legal form Private
Company
Activities
SBI Recycling
of non-metal waste and scrap (383202)
Exporter No
Importer No
Goal importing
and exporting, buying and selling, wholesale of recycling products,
waste, commodities, mediate in
the creation of this national and
international transactions and
services
Relations
Shareholders Holding2Recycle
B.V.
Hofstraat 195
5641TD EINDHOVEN
Netherlands
Registration number: 548948910000
Percentage: 100.00%
De Beer Klimadvies & Service
Registration number: 171107210000
Companies on same address
IT2Recycle B.V.
Registration number: 548950810000
Liability
statements Holding2Recycle
B.V.
Hofstraat 195
5641TD EINDHOVEN
Netherlands
Registration number: 548948910000
date of issue: 2013-09-24
Starting date: 2012-12-13
Management
Active
management Holding2Recycle
B.V.
Hofstraat 195
5641TD EINDHOVEN
Netherlands
Registration number: 548948910000
Competence: Fully authorized
Function: General Director
Starting date: 2012-12-13
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Key figures |
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Year |
2012 |
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Quick ratio |
1,22 |
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Current ratio |
1,40 |
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Working capital/ balance total |
0,25 |
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Equity / balance total |
-0,05 |
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Equity / Fixed assets |
-0,33 |
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Equity / liabilities |
-0,04 |
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Balance total / liabilities |
0,96 |
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Working capital |
46.618 |
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Equity |
-8.513 |
Summary The 2012 financial result
structure is a postive working captial of 46.618 euro, which is in
agreement with 25 % of the
total assets of the company.
The current ratio of the
company in 2012 was 1.4. When the current ratio is below 1.5, the
company may have problems
meeting its short-term obligations.
The quick ratio in 2012 of the
company was 1.22. A company with a Quick Ratio of more than
1
can currently pay back its current liabilities.
Financial statement
Type of annual
account Corporate
Annual account Holding2Recycle B.V.
Hofstraat 195
5641TD EINDHOVEN
Netherlands
Registration number: 548948910000
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Year |
2012 |
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End date |
2012-12-31 |
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Tangible fixed assets |
25.966 |
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Fixed assets |
25.966 |
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Current assets |
162.118 |
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Total assets |
188.084 |
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Total equity |
-8.513 |
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Long term interest yielding debt |
81.097 |
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Long term liabilities |
81.097 |
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Year |
2012 |
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End date |
2012-12-31 |
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Short term liabilities |
115.500 |
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Total short and long term
liabilities |
196.597 |
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Total liabilities |
188.084 |
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Publications
Consent
statements 25-09-2013:
Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.
Liability statements 25-09-2013: Per 24-09-2013 is een
aansprakelijkheidsverklaring door IT2Recycle Holding B.V. gedeponeerd.
Functions 18-12-2012:
Per 13-12-2012 is bestuurder 54894891 IT2Recycle Holding B.V. in functie
getreden.
Amendments 29-11-2013: Gestort kapitaal
gewijzigd in EUR 10.000,00.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
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|
1 |
Rs.102.95 |
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Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.