MIRA
INFORM REPORT
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Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
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Name : |
ARTISAN HOME B.V. |
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Registered Office : |
Volta 3, 7942DG Meppel |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.04.2014 |
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Com. Reg. No.: |
55287735 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale and trading, as well as the import and export of glass,
porcelain and earthenware. |
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No. of Employees : |
2 |
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.
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Source
: CIA |
Summary
Company name ARTISAN HOME B.V.
Operative address Volta 3
7942DG Meppel
Netherlands
Legal form Private Company
Registration number KvK-nummer:
55287735
VAT-number 851640655
Year 2012
Mutation Mutation
Fixed assets 35.303
Total receivables 75.991
Total equity 18.000
Short term liabilities 220.485
Working capital 22.805
Quick ratio 0,44
Contact information
Company name Artisan Home B.V.
Trade names Artisan Home B.V.
Operative address Volta 3
7942DG Meppel
Netherlands
Correspondence address Volta 3
7942DG Meppel
Netherlands
Telephone number 0522443594
Fax number 0522443598
Email address info@artisanhome.nl
Website www.artisanhome.nl
Registration
Registration number KvK-nummer:
55287735
Branch number 000024955590
VAT-number 851640655
Status Active
First registration company register 2012-05-30
Memorandum 2012-05-25
Establishment date 2012-04-24
Legal form Private Company
Activities
SBI Wholesale of
glassware, china and pottery (46441)
Exporter Yes
Importer Yes
Goal Wholesale and
trading, as well as the import and export of glass, porcelain and earthenware.
Wholesale and trading, as well as the import and export of home decorations.
Relations
Shareholders Snijder
Been B.V.
Volta 3
7942DG MEPPEL
Netherlands
Registration
number: 552875810000
Percentage:
100.00%
Companies on same address Snijder
Woondeco V.O.F.
Registration
number: 040567720000
Snijder Been B.V.
Registration number: 552875810000
Management
Active management Snijder Been B.V.
Volta 3
7942DG MEPPEL
Netherlands
Registration number: 552875810000
Competence: Fully authorized
Function: General Director
Starting date: 2012-05-25
Employees
Year 2012
Total 2
Payments
Score 7
Description Payments are made
regularly no complaints are known
Key figures
Year 2012
Quick ratio 0,44
Current ratio 1,10
Working capital/ balance total 0,08
Equity / balance total 0,06
Equity / Fixed assets 0,51
Equity / liabilities 0,07
Balance total / liabilities 1,07
Working capital 22.805
Equity 18.000
Summary
The 2012 financial
result structure is a positive working capital of 22.805 euro, which is in
agreement with 8 % of the total assets of the company.
The current ratio
of the company in 2012 was 1.1. 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 0.44. 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 Artisan Home
B.V.
Volta 3
7942DG Meppel
Netherlands
Registration number: 552877350000
Balance
Year 2012
End date 2012-12-31
Tangible fixed assets 35.303
Fixed assets 35.303
Inventories 145.689
Total receivables 75.991
Liquid funds 21.610
Current assets 243.290
Year 2012
End date 2012-12-31
Total assets 278.593
Total equity 18.000
Long term
liabilities 40.108
Short term
liabilities 220.485
Total short and
long term liabilities 260.593
Total liabilities 278.593
Summary
In 2012 the assets of the company were 12.67 % composed of fixed assets and
87.33 % by current assets. The assets are being financed by an equity of 6.46
%, and total debt of 93.54 %.
Analysis
Branch (SBI) Groothandel en
Wholesale on a fee or contract basis (niet in auto’s en motorfietsen)
Region Drenthe
In the Netherlands 107516 of the companies are registered with the SBI
code 46
In the region Drenthe 2727 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 Drenthe 74 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 Drenthe is normal
Publications
Filings 13-11-2013: De
jaarrekening over 2012 is gepubliceerd.
Functions 31-05-2012: Per
25-05-2012 is bestuurder 55287581 Snijder Been B.V. in functie getreden.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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|
1 |
Rs.101.48 |
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Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
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Report Prepared
by : |
NNA |
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.