MIRA
INFORM REPORT
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Report Date : |
06.02.2014 |
IDENTIFICATION DETAILS
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Name : |
MARO TRADING |
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Registered Office : |
Elftweg 32-34, 4941VP Raamsdonksveer |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.10.2005 |
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Com. Reg. No.: |
18080419 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of furnishing textiles and floor coverings |
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No. of Employees : |
02 (2012) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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.
Source : CIA
Summary
Company name Maro Trading Co. B.V.
Operative address Elftweg
32-34
4941VP Raamsdonksveer
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
18080419
VAT-number 814908056
Year 2012
Mutation 2011 Mutation
2010
Fixed assets 140.459
38,39 101.492 -23,10
131.983
Total receivables 133.426
-57,26 312.173 -0,39
313.403
Total equity 714.517
10,19 648.414 18,73
546.126
Short term liabilities 695.196
-15,55 823.185 3,25
797.276
Working capital 585.141
6,99 546.922 32,06 414.143
Quick ratio 0,19
-50,00 0,38 -2,56 0,39
Contact information
Company name Maro
Trading Co. B.V.
Trade names Maro
Trading Co. B.V.
Operative address Elftweg
32-34
4941VP Raamsdonksveer
Netherlands
Correspondence address Elftweg
32-34
4941VP Raamsdonksveer
Netherlands
Telephone number 0162522306
Fax number 0162524057
Email address info@maro.com
Website www.lexenmax.nl
Registration
Registration number KvK-nummer:
18080419
Branch number 000018351549
VAT-number 814908056
Status Active
First registration
company register 2005-10-25
Memorandum 2005-10-24
Establishment date 2005-10-01
Legal form Besloten
Vennootschap (Private Company)
Activities
SBI Wholesaler
of furnishing textiles and floor coverings (46472)
Exporter Yes
Importer Yes
Goal Import,
export van woningtextiel, groothandel
(Import
and export of home textiles, wholesale)
Relations
Shareholders De
Bever Beheer B.V.
Elftweg 32-34
4941VP RAAMSDONKSVEER
Netherlands
Registration number: 180803930000
Percentage: 100.00%
Management
Active management De
Bever Beheer B.V.
Elftweg 32-34
4941VP RAAMSDONKSVEER
Netherlands
Registration number: 180803930000
Competence: Fully authorized
Function: Manager
Starting
date: 2005-10-24
Employees
Year 2012
2011 2010 2009 2008
Total 2
2 2 2 2
Payments
Description Payments
are made regularly no complaints are known
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Key figures |
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Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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Quick ratio |
0,19 |
0,38 |
0,39 |
0,49 |
0,41 |
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Current ratio |
1,84 |
1,66 |
1,52 |
1,79 |
1,52 |
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Working capital/ balance total |
0,41 |
0,37 |
0,31 |
0,38 |
0,29 |
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Equity / balance total |
0,50 |
0,44 |
0,41 |
0,53 |
0,40 |
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Equity / Fixed assets |
5,09 |
6,39 |
4,14 |
3,52 |
2,62 |
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Equity / liabilities |
1,01 |
0,79 |
0,68 |
1,11 |
0,68 |
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Balance total / liabilities |
2,01 |
1,79 |
1,68 |
2,11 |
1,68 |
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Working capital |
585.141 |
546.922 |
414.143 |
367.279 |
299.052 |
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Equity |
714.517 |
648.414 |
546.126 |
513.027 |
420.341 |
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Mutation equity |
10,19 |
18,73 |
6,45 |
22,05 |
32,95 |
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Mutation short term liabilities |
-15,55 |
3,25 |
72,18 |
-20,14 |
80,43 |
Summary
The 2012 financial result structure is a positive working
capital of 585.141 euro, which is in
agreement with 41 % of the total assets of the company.
The working capital has increased with 6.99 % compared to
previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2011 and 2012 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2012 was 1.84. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2012 of the company was 0.19. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
The 2011 financial result structure is a positive working
capital of 546.922 euro, which is in
agreement with 37 % of the total assets of the company.
The working capital has increased with 32.06 % 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 1.66. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2011 of the company was 0.38. 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 Maro
Trading Co. B.V.
Elftweg 32-34
4941VP Raamsdonksveer
Netherlands
Registration number: 18080419
BALANCE SHEET
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Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
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Intangible fixed assets |
30.403 |
41.131 |
46.382 |
52.303 |
58.980 |
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Tangible fixed assets |
110.056 |
60.361 |
85.601 |
93.445 |
101.509 |
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Fixed Assets |
140.459 |
101.492 |
131.983 |
145.748 |
160.489 |
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Inventories
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1.146.911 |
1.057.934 |
898.016 |
603.489 |
638.835 |
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Total receivables |
133.426 |
312.173 |
313.403 |
226.834 |
240.010 |
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Current assets |
1.280.337 |
1.370.107 |
1.211.419 |
830.323 |
878.845 |
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Total assets |
1.420.796 |
1.471.599 |
1.343.402 |
976.071 |
1.039.334 |
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Long term interest yielding debt |
11.083 |
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39.200 |
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Long term liabilities |
11.083 |
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39.200 |
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Short term liabilities |
695.196 |
823.185 |
797.276 |
463.044 |
579.793 |
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Total short and long term liabilities |
706.279 |
823.185 |
797.276 |
463.044 |
618.993 |
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Total liabilities |
1.420.796 |
1.471.599 |
1.343.402 |
976.071 |
1.039.334 |
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Summary
The total assets of the company decreased with -3.45 %
between 2011 and 2012.
Despite the total assets decrease, non current assets grew
with 38.39 %.
The asset reduction is in contrast with the equity growth
of 10.19 %. Due to this the total debt
decreased with -14.2 %.
In 2012 the assets of the company were 9.89 % composed of
fixed assets and 90.11 % by
current assets. The assets are being financed by an equity
of 50.29 %, and total debt of
49.71 %.
The total assets of the company increased with 9.54 %
between 2010 and 2011.
Despite the assets growth, the non current assets decreased
with -23.1 %.
The asset growth has mainly been financed by a Net Worth
increase of 18.73 %. Debt,
however, grew with 3.25 %.
In 2011 the assets of the company were 6.9 % composed of
fixed assets and 93.1 % by
current assets. The assets are being financed by an equity
of 44.06 %, and total debt of
55.94 %.
Analysis
Branch (SBI)
Groothandel en Wholesale on a fee or contract basis (niet
in auto’s en motorfietsen) (46)
Region
West-Brabant
In the Netherlands 107516 of the companies are registered
with the SBI code 46
In the region West-Brabant 4799 of the companies are
registered with the SBI code 46
In the Netherlands 2108 of the bankruptcies are published
within this sector
In the region West-Brabant 103 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
West-Brabant is normal
Publications
Filings
28-08-2013: De jaarrekening over 2012 is gepubliceerd.
13-12-2012: De jaarrekening over 2011 is gepubliceerd.
06-09-2011: De jaarrekening over 2010 is gepubliceerd.
02-04-2010: De jaarrekening over 2009 is gepubliceerd.
08-04-2009: De jaarrekening over 2008 is gepubliceerd.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.45 |
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UK Pound |
1 |
Rs.102.00 |
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Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.