MIRA INFORM REPORT

 

 

Report Date :

21.11.2014

 

IDENTIFICATION DETAILS

 

Name :

VESFY B.V.

 

 

Registered Office :

Middenweg 20, 4631ST Hoogerheide

 

 

Country :

Netherlands

 

 

Date of Incorporation :

03.01.2013

 

 

Com. Reg. No.:

56904932

 

 

Legal Form :

Private Company

 

 

Line of Business :

Pursue activities as exporter, importer , trader, (re) copper, agent , dealer, distributor , agent , broker, stockiest , representative, dispatcher, employee , manufacturer, franchisee , consultant , advisor , representative manufacturers, service technician and designer.

 

 

No of Employees :

01

 

 

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 :

No Complaints

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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                                    VESFY B.V.

Operative address                                Middenweg 20

4631ST Hoogerheide

Netherlands

Legal form                                             Private Company

Registration number                             KvK-nummer: 56904932

VAT-number                                          852355725

 

 

Contact information

 

Company name                                     VESFY B.V.

Trade names                                         VESFY B.V.

Operative address                                 Middenweg 20

4631ST Hoogerheide

Netherlands

Correspondence address                      Middenweg 20

4631ST Hoogerheide

Netherlands

 

 

Registration

 

Registration number                             KvK-nummer: 56904932

Branch number                                     000026399733

VAT-number                                         852355725

Status                                                   Active

First registration company register       2013-01-08

Memorandum                                       2013-01-03

Establishment date                               2013-01-03

Legal form                                             Private Company

 

 

Activities

 

SBI                                                                       Wholesale of iron and steel scrap and used nonferrous metals (46772)

Exporter                                                Yes

Importer                                                Yes

Goal        Pursue activities as exporter, importer , trader, (re) copper, agent , dealer, distributor , agent , broker, stockiest , representative, dispatcher, employee , manufacturer, franchisee , consultant , advisor , representative manufacturers, service technician and designer.

 

Management

 

Active management                                              N.S. Kochhar (Narinder Singh)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2013-01-03

Date of birth: 1961-05-20, Mumbai, IN

 

 

Employees

 

Total according to the Chamber of Commerce      1

Year                                                                                                                   2014                                       2013

Total                                                                                                                   1                                            1

 

 

 

 

Payments

 

Description                                           Payments are made regularly no complaints are known

 

 

Financial statement

 

Remark annual account         There is no financial data published

 

 

Analysis

 

Branch (SBI)                          Wholesale trade (no motor vehicles and motorcycles) (46)

Region                    West-Brabant

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region West-Brabant 4857 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region West-Brabant 119 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

 

Functions                              09-01-2013: Per 03-01-2013 is bestuurder Narnder Singh Kochhar in functie getreden.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.10

UK Pound

1

Rs.97.32

Euro

1

Rs.77.91                        

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SMN

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.