MIRA INFORM REPORT

Report Date :

17.06.2014

IDENTIFICATION DETAILS

Name :	VAN DER SLUIS EN KOWCZ V.O.F.
Registered Office :	Vleesstraat 9, 5911JC Venlo
Country :	Netherlands
Date of Incorporation :	02.01.1998
Com. Reg. No.:	12037420
Legal Form :	General Partnership
Line of Business :	Manufacturing and retail of leather clothing.
No. of Employees :	1

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 :	Unknown
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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Netherlands	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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

Summary

Company name VAN DER SLUIS EN KOWCZ V.O.F.

Operative address Vleesstraat 9

5911JC Venlo

Netherlands

Legal form General Partnership

Registration number KvK-nummer: 12037420

VAT-number 812781557

Contact information

Company name Van der Sluis en Kowcz V.O.F.

Trade names Sluis Leder Venlo

Operative address Vleesstraat 9

5911JC Venlo

Netherlands

Correspondence address Vleesstraat 9

5911JC Venlo

Netherlands

Telephone number 0773544040

Registration

Registration number KvK-nummer: 12037420

Branch number 000005945399

VAT-number 812781557

Status Active

Establishment date 1998-01-02

Legal form General Partnership

Activities

SBI Shops selling outerwear and clothing accessories (non-specialised) (47713)

Exporter No

Importer No

Goal Manufacturing and retail of leather clothing.

Relations

Companies on same address Dutij-Jeans BV

Registration number: 120204310001

Management

Active management R.P.J. van der Sluis (Robertus Petrus Johannes)

Vleesstraat 9

5911JC Venlo

Netherlands

Competence: Unlimited authorization

Function: Partner

Starting date: 2002-01-01

Date of birth: 1964-04-25, Venlo, NL

M.F.H. van der Sluis - Kowcz (Marijke Francesca Henriëtte)

Vleesstraat 9

5911JC Venlo

Netherlands

Competence: Unlimited authorization

Function: Partner

Starting date: 2002-01-01

Date of birth: 1965-03-12, Venlo, NL

Employees

Total according to the Chamber of Commerce 1

Year 2014 2011 2007 2004 2002

Total 1 2 2 2 2

Payments

Description Unknown

Analysis

Branch (SBI) Retail trade (not in motor vehicles) (47)

Region Limburg

In the Netherlands 120043 of the companies are registered with the SBI code 47

In the region Limburg 7743 of the companies are registered with the SBI code 47

In the Netherlands 2540 of the bankrupcties are published within this sector

In the region Limburg 169 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 Limburg is normal

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.01
UK Pound	1	Rs.102.00
Euro	1	Rs.81.25

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NNA

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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