MIRA
INFORM REPORT
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Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
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Name : |
KIDDO FASHION B.V. |
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Registered Office : |
Spoorhaven 33- 35, 2651AV Berkel En Rodenrijs |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.10.2000 |
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Com. Reg. No.: |
34144528 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of textile products |
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No. of Employees : |
01 (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 – 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.
Source : CIA
company summary
Company name Kiddo Fashion B.V.
Operative address Spoorhaven
33- 35
2651AV Berkel En Rodenrijs
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
34144528
VAT-number 809508953
Year 2012
Mutation 2011 Mutation 2010
Fixed assets 2.111 -37,66 3.386 -18,39
4.149
Total receivables 140.582
117,96 64.500 -62,52
172.089
Total equity 281.631
29,81 216.957 63,34
132.824
Short term liabilities 440.811
3,21 427.115 43,33
298.002
Working capital 279.520
30,88 213.571 65,98
128.675
Quick ratio 0,32
45,45 0,22 -62,07 0,58
Contact information
Company name Kiddo
Fashion B.V.
Trade names Kiddo
Fashion B.V.
Operative address Spoorhaven
33- 35
2651AV Berkel En Rodenrijs
Netherlands
Correspondence address Spoorhaven
33- 35
2651AV
Berkel En Rodenrijs
Netherlands
Telephone number 0104376711
Fax number 0104376715
Registration
Registration number KvK-nummer:
34144528
Branch number 000017132851
VAT-number 809508953
Status Active
First registration
company register 2001-01-12
Memorandum 2000-12-29
Establishment date 2000-10-06
Legal form Besloten
Vennootschap (Private Company)
Last proposed admendment 2008-01-22
Activities
SBI Wholesale
of textile products (46429)
Exporter Yes
Importer Yes
Goal De
handel en im- en export van textiel en aanverwante artikelen
(Trade
and import and export of textiles and related items)
Relations
Shareholders Sub-Zero
B.V.
Spoorhaven 33-35
2651AV BERKEL EN RODENRIJS
Netherlands
Registration number: 242898760000
Percentage: 100.00%
Management
Active management Sub-Zero
B.V.
Spoorhaven 33-35
2651AV BERKEL EN RODENRIJS
Kiddo Fashion
Netherlands
Registration number: 242898760000
Competence: Fully authorized
Function: Manager
Starting date: 2000-12-29
Employees
Year 2012
2011 2010 2009 2008
Total 1
2 2 3 3
Payments
Description Payments
made under regular condition
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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Quick ratio |
0,32 |
0,22 |
0,58 |
0,04 |
0,16 |
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Current ratio |
1,63 |
1,50 |
1,43 |
1,52 |
1,19 |
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Working capital/ balance total |
0,39 |
0,33 |
0,30 |
0,34 |
0,16 |
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Equity / balance total |
0,39 |
0,34 |
0,31 |
0,34 |
0,16 |
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Equity / Fixed assets |
133,41 |
64,07 |
32,01 |
106,73 |
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Equity / liabilities |
0,64 |
0,51 |
0,45 |
0,52 |
0,19 |
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Balance total / liabilities |
1,64 |
1,51 |
1,45 |
1,52 |
1,19 |
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Working capital |
279.520 |
213.571 |
128.675 |
105.620 |
68.089 |
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Equity |
281.631 |
216.957 |
132.824 |
106.619 |
68.089 |
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Mutation equity |
29,81 |
63,34 |
24,58 |
56,59 |
283,21 |
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Mutation short term liabilities |
3,21 |
43,33 |
45,94 |
-44,51 |
17.143,67 |
Summary
The 2012 financial result structure is a positive working
capital of 279.520 euro, which is in
agreement with 39 % of the total assets of the company.
The working capital has increased with 30.88 % 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 1.63. 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 0.32. 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 213.571 euro, which is in
agreement with 33 % of the total assets of the company.
The working capital has increased with 65.98 % 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 1.5. 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 0.22. 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 Kiddo
Fashion B.V.
Spoorhaven 33- 35
2651AV Berkel En Rodenrijs
Netherlands
Registration
number: 341445280000
Balance sheet
Year 2012
2011 2010 2009 2008
End date
2012-12-31
2011-12-31 2010-12-31 2009-12-31
2008-12-31
Tangible fixed assets 2.111
3.386 4.149 999
Fixed assets 2.111
3.386 4.149 999
Inventories 577.852
546.306 254.559 300.689 375.999
Total receivables 140.582
64.500 172.089 9.043
59.726
Liquid funds 1.897
29.880 29 83
344
Current assets 720.331
640.686 426.677 309.815 436.069
Total assets 722.442 644.072 430.826
310.814 436.069
Total equity 281.631
216.957 132.824 106.619 68.089
Short term liabilities 440.811
427.115 298.002 204.195 367.980
Total short and long term
liabilities 440.811
427.115 298.002 204.195 367.980
Total liabilities 722.442
644.072 430.826 310.814 436.069
Summary
The total assets of the company increased with 12.17 % between 2011 and 2012.
Despite the assets growth, the non current assets decreased with -37.66 %.
The asset growth has mainly been financed by a Net Worth increase of 29.81 %. Debt, however, grew with 3.21 %.
In 2012 the assets of the company were 0.29 % composed of fixed assets and 99.71 % by current assets. The assets are being financed by an equity of 38.98 %, and total debt of 61.02 %.
The total assets of the company increased with 49.5 % between 2010 and 2011.
Despite the assets growth, the non current assets decreased with -18.39 %.
The asset growth has mainly been financed by a Net Worth increase of 63.34 %. Debt, however, grew with 43.33 %.
In 2011 the assets of the company were 0.53 % composed of fixed assets and 99.47 % by current assets. The assets are being financed by an equity of 33.69 %, and total debt of 66.31 %.
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Groot
Den Haag
In the Netherlands 107516 of
the companies are registered with the SBI code 46
In the region Groot Den Haag
5542 of the companies are registered with the SBI code 46
In the Netherlands 2108 of the
bankrupcties are published within this sector
In the region Groot Den Haag
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 Groot Den Haag is normal
Publications
Filings 30-12-2013:
De jaarrekening over 2012 is gepubliceerd.
03-12-2012: De jaarrekening
over 2011 is gepubliceerd.
19-08-2011: De jaarrekening
over 2010 is gepubliceerd.
19-08-2010: De jaarrekening
over 2009 is gepubliceerd.
04-05-2009: De jaarrekening
over 2008 is gepubliceerd.
09-02-2009: De jaarrekening
over 2007 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
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UK Pound |
1 |
Rs.102.54 |
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Euro |
1 |
Rs.85.20 |
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.