MIRA INFORM REPORT
|
Report No. : |
335448 |
|
Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
V&D B.V. |
|
|
|
|
Registered Office : |
Laarderhoogtweg 25, 1101EB Amsterdam, Netherlands |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
01.02.2014 |
|
|
|
|
Date of Incorporation : |
07.07.1920 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 34340151 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
7737 (2015) |
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 : |
Slow but correct |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on 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 food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Summary
|
|
|
Company name |
V&D B.V. |
|
Operative address |
Laarderhoogtweg 25 |
|
|
1101EB Amsterdam |
|
|
Netherlands |
|
Legal form |
Besloten Vennootschap |
|
Registration number |
KvK-nummer: 34340151 |
|
VAT-number |
820772690 |
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
157.264.000 |
-2,01 |
160.491.000 |
-2,61 |
164.800.000 |
|
Total receivables |
22.024.000 |
14,48 |
19.239.000 |
3,18 |
18.646.000 |
|
Total equity |
4.619.000 |
-87,45 |
36.794.000 |
-10,00 |
40.883.000 |
|
Short term liabilities |
197.462.000 |
13,13 |
174.541.000 |
-6,10 |
185.885.000 |
|
Net result |
-42.374.000 |
-119,69 |
-19.288.000 |
-172,31 |
-7.083.000 |
|
Working capital |
-92.121.000 |
-68,08 |
-54.807.000 |
14,20 |
-63.875.000 |
|
Quick ratio |
0,15 |
-11,76 |
0,17 |
|
0,17 |
Contact
information
|
Company name |
V&D B.V. |
|
Trade names |
V&D B.V. Vroom & Dreesmann Warenhuizen Vroom en Dreesmann DC Aduard DC Nieuwegein V&D Vlaardingen |
|
Operative address |
Laarderhoogtweg 25 |
|
|
1101EB Amsterdam |
|
|
Netherlands |
|
Correspondence address |
Postbus 12640 |
|
|
1100AP Amsterdam |
|
|
Netherlands |
|
Telephone number |
0205959111 |
|
Email address |
info@vd.nl |
|
Website |
www.vd.nl |
Registration
|
|
|
Registration number |
KvK-nummer: 34340151 |
|
Branch number |
000018891527 |
|
VAT-number |
820772690 |
|
Status |
Active |
|
First registration company register |
2009-05-22 |
|
Memorandum |
2009-05-20 |
|
Establishment date |
1920-07-07 |
|
Legal form |
Besloten Vennootschap |
|
Legal person since |
2009-05-21 |
|
Issued placed capital |
EUR 18.000 |
|
Paid up share capital |
EUR 18.000 |
Activities
|
SBI |
Super stores (47191) |
|
|
Financial holding (6420) |
|
Exporter |
No |
|
Importer |
No |
|
Goal |
De handel en industrie en meer in het bijzonder de detailhandel,
alsmede daarmee in verband staande dienstverlening en fabricage, houdster- en
financieringsmaatschappij |
|
|
Relations
|
Shareholders |
Divisie Vroom & Dreesmann B.V. |
|
|
Laarderhoogtweg 25 1101EB AMSTERDAM Netherlands Registration number: 341961230000 Percentage: 100% |
|
Companies on same address |
Amount: 14 |
|
Liability statements |
V&D Group Holding B.V. Laarderhoogtweg 25 1101EB AMSTERDAM Netherlands Registration number: 511731900000 date of issue: 2010-12-09 Starting date: 2010-12-09 |
Management
Active management
J.D. van der Ent (John Daco)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2015-03-09
Date of birth: 1962-05-09, Rotterdam, NL
Involved with the following companies
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Manager
Sintra Investments B.V.
Zijdelaan 20
2594BV 'S-GRAVENHAGE
Netherlands
Registration number: 271313640000
Function: General Director
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Proxy
J.P. Zantman (Jacob Peter)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2015-01-15
Date of birth: 1967-12-19, Haarlemmermeer, NL
Involved with the following companies
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Manager
Prominent Beheer B.V.
Energieweg 1618
8071DA NUNSPEET
Netherlands
Registration number: 080803780000
Function: Proxy
Prom. Comfort Producten B.V.
Energieweg 1618
8071DA NUNSPEET
Netherlands
Registration number: 528765270000
Function: Proxy
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Proxy
J.D. van der Ent (John Daco)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-03-09
Date of birth: 1962-05-09, Rotterdam, NL
Involved with the following companies
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Manager
Sintra Investments B.V.
Zijdelaan 20
2594BV 'S-GRAVENHAGE
Netherlands
Registration number: 271313640000
Function: General Director
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Proxy
J.P. Zantman (Jacob Peter)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-01-15
Date of birth: 1967-12-19, Haarlemmermeer, NL
Involved with the following companies
La Place B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Manager
Prominent Beheer B.V.
Energieweg 1618
8071DA NUNSPEET
Netherlands
Registration number: 080803780000
Function: Proxy
Prom. Comfort Producten B.V.
Energieweg 1618
8071DA NUNSPEET
Netherlands
Registration number: 528765270000
Function: Proxy
La Place B.V.
Laarderhoogtweg 25
101EB AMSTERDAM
Netherlands
Registration number: 341983780000
Function: Proxy
Employees
|
Total according to the Chamber of Commerce |
7737 |
|
|
Year |
2015 |
2012 |
|
Total |
7737 |
5500 |
|
Key figures |
||||
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Quick ratio |
0,15 |
0,17 |
0,17 |
0,20 |
|
Current ratio |
0,53 |
0,69 |
0,66 |
0,71 |
|
Working capital/ balance total |
-0,35 |
-0,20 |
-0,22 |
-0,18 |
|
Equity / balance total |
0,02 |
0,13 |
0,14 |
0,17 |
|
Equity / Fixed assets |
0,03 |
0,23 |
0,25 |
0,31 |
|
Equity / liabilities |
0,02 |
0,15 |
0,17 |
0,21 |
|
Balance total / liabilities |
1,02 |
1,15 |
1,17 |
1,21 |
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Working capital |
-92.121.000 |
-54.807.000 |
-63.875.000 |
-51.386.000 |
|
Equity |
4.619.000 |
36.794.000 |
40.883.000 |
48.269.000 |
|
Mutation equity |
-87,45 |
-10,00 |
-15,30 |
|
|
Mutation short term liabilities |
13,13 |
-6,10 |
5,34 |
|
|
Return on total assets (ROA) |
-16,13 |
-6,88 |
-2,29 |
-0,67 |
|
Return on equity (ROE) |
-917,28 |
-52,42 |
-16,10 |
-3,90 |
|
Gross profit margin |
-6,24 |
-2,39 |
-0,44 |
-0,66 |
|
Net profit margin |
-6,85 |
-2,98 |
-1,09 |
-1,09 |
|
Average collection ratio |
3,13 |
3,71 |
3,49 |
0,95 |
|
Average payment ratio |
28,09 |
33,62 |
34,76 |
7,31 |
|
Equity turnover ratio |
133,95 |
17,58 |
15,85 |
3,47 |
|
Total assets turnover ratio |
2,36 |
2,31 |
2,26 |
0,60 |
|
Fixed assets turnover ratio |
3,93 |
4,03 |
3,93 |
1,07 |
|
Inventory conversion ratio |
8,22 |
7,19 |
7,15 |
1,88 |
|
Turnover |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
Gross margin |
344.918.000 |
352.188.000 |
351.116.000 |
87.622.000 |
|
Operating result |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
Net result after taxes |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
|
Cashflow |
-13.064.000 |
9.331.000 |
18.072.000 |
3.696.000 |
|
EBIT |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
EBITDA |
-9.306.000 |
13.183.000 |
22.285.000 |
4.410.000 |
|
Summary |
The 2014 financial result structure is a negative working captial of -92.121.000 euro, which is in agreement with -35 % of the total assets of the company. The working capital has diminished with -68.08 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined. The deterioration between 2013 and 2014 has mainly been caused by an increase of the current liabilities. The current ratio of the company in 2014 was 0.53. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations. The quick ratio in 2014 of the company was 0.15. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. The 2013 financial result structure is a negative working captial of -54.807.000 euro, which is in agreement with -20 % of the total assets of the company. The working capital has increased with 14.2 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased. The improvement between 2012 and 2013 has mainly been caused by an increase of the current assets. The current ratio of the company in 2013 was 0.69. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations. The quick ratio in 2013 of the company was 0.17. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. |
Financial
statement
|
Last annual account |
2014 |
|
Remark annual account |
The financial statements shown in the report relate to the
consolidated financial statements of the group. |
|
|
|
|
Type of annual account |
Consolidated |
|
Annual account |
V&D Group Holding B.V. Laarderhoogtweg 25 101EB AMSTERDAM Netherlands Registration number: 511731900000 |
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
|
End date |
2014-02-01 |
2013-02-02 |
2012-01-28 |
2011-01-29 |
|
Intangible fixed assets |
27.335.000 |
28.709.000 |
26.310.000 |
26.263.000 |
|
Tangible fixed assets |
129.919.000 |
131.626.000 |
137.642.000 |
128.513.000 |
|
Financial fixed assets |
10.000 |
156.000 |
848.000 |
1.334.000 |
|
Fixed assets |
157.264.000 |
160.491.000 |
164.800.000 |
156.110.000 |
|
Total stock |
75.291.000 |
89.930.000 |
90.687.000 |
89.329.000 |
|
Accounts receivable |
5.818.000 |
3.912.000 |
5.249.000 |
6.268.000 |
|
Other receivables |
16.206.000 |
15.327.000 |
13.397.000 |
16.689.000 |
|
End date |
2014-02-01 |
2013-02-02 |
2012-01-28 |
2011-01-29 |
|
Total receivables |
22.024.000 |
19.239.000 |
18.646.000 |
22.957.000 |
|
Liquid funds |
8.026.000 |
10.565.000 |
12.677.000 |
12.794.000 |
|
|
|
|
|
|
|
Current assets |
105.341.000 |
119.734.000 |
122.010.000 |
125.080.000 |
|
Total assets |
262.605.000 |
280.225.000 |
286.810.000 |
281.190.000 |
|
|
|
|
|
|
|
Total equity |
4.619.000 |
36.794.000 |
40.883.000 |
48.269.000 |
|
|
|
|
|
|
|
Provisions |
10.659.000 |
4.537.000 |
8.820.000 |
12.794.000 |
|
|
|
|
|
|
|
Long term interest yielding debt |
49.865.000 |
64.353.000 |
51.222.000 |
43.661.000 |
|
|
|
|
|
|
|
Long term liabilities |
49.865.000 |
64.353.000 |
51.222.000 |
43.661.000 |
|
Accounts payable |
|
120.205.000 |
116.101.000 |
117.287.000 |
|
|
|
|
|
|
|
Other short term liabilities |
|
54.336.000 |
69.784.000 |
59.179.000 |
|
|
|
|
|
|
|
Short term liabilities |
197.462.000 |
174.541.000 |
185.885.000 |
176.466.000 |
|
Total short and long term liabilities |
257.986.000 |
243.431.000 |
245.927.000 |
232.921.000 |
|
Total liabilities |
262.605.000 |
280.225.000 |
286.810.000 |
281.190.000 |
|
Summary |
The total assets of the company decreased with -6.29 % between 2013 and 2014. This total assets decrease has been reflected in a reduction of non current assets of -2.01 %. The asset reduction results in an equity decrease of -87.45 %. Despite the decrease, the indebtness increased with 5.98 %. In 2014 the assets of the company were 59.89 % composed of fixed assets and 40.11 % by current assets. The assets are being financed by an equity of 1.76 %, and total debt of 98.24 %. The total assets of the company decreased with -2.3 % between 2012 and 2013. This downturn is mainly retrievable in the fixed asset decrease of -2.61 %. Assets reduction is explained by a Net Worth decrease of -10 %, and an indebtedness reduction of -1.01 %. In 2013 the assets of the company were 57.27 % composed of fixed assets and 42.73 % by current assets. The assets are being financed by an equity of 13.13 %, and total debt of 86.87 %. |
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Revenues |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
Net turnover |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
Gross margin |
344.918.000 |
352.188.000 |
351.116.000 |
87.622.000 |
|
Wages and salaries |
175.787.000 |
177.949.000 |
169.934.000 |
40.755.000 |
|
Amorization and depreciation |
29.310.000 |
28.619.000 |
25.155.000 |
5.518.000 |
|
Sales |
273.794.000 |
294.665.000 |
296.998.000 |
80.107.000 |
|
other operating costs |
178.437.000 |
161.056.000 |
158.897.000 |
42.457.000 |
|
Operating expenses |
657.328.000 |
662.289.000 |
650.984.000 |
168.837.000 |
|
Operating result |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
Financial income |
|
|
193.000 |
385.000 |
|
Financial expenses |
|
3.852.000 |
3.905.000 |
1.160.000 |
|
Financial result |
-3.753.000 |
-3.852.000 |
-3.712.000 |
-775.000 |
|
Result on ordinary operations before taxes |
-42.369.000 |
-19.288.000 |
-6.582.000 |
-1.883.000 |
|
Taxation on the result of ordinary activities |
5.000 |
|
501.000 |
-61.000 |
|
Result of ordinary activities after taxes |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
|
Net result |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
|
Summary |
The turnover of the company decreased by -4.35 % between 2013 and 2014. The gross profit of the company decreased by -2.06 % between 2013 and 2014. The operating result of the company declined with -150.17 % between 2013 and 2014. This evolution implies an decrease of the company's economic profitability. The result of these changes is a reduction of the company's Economic Profitability of -134.45 % of the analysed period, being equal to 2013 % in the year 2014. Despite the decline the assets turnover increased by 2.16 % reaching 2.36. The Net Result of the company increased by -119.69 % between 2013 and 2014. The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -1649.87 % of the analysed period, being -917.28 % in the year 2014. The company's financial profitability has been positively affected by its financial structure. The turnover of the company remained the same between 2012 and 2013. The gross profit of the company has remained the same between 2012 and 2013. The operating result of the company declined with -437.84 % between 2012 and 2013. This evolution implies an decrease of the company's economic profitability. The result of these changes is a reduction of the company's Economic Profitability of -200.44 % of the analysed period, being equal to 2012 % in the year 2013. Despite the decline the assets turnover increased by 2.21 % reaching 2.31. The Net Result of the company increased by -172.31 % between 2012 and 2013. The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -225.59 % of the analysed period, being -52.42 % in the year 2013. The company's financial profitability has been positively affected by its financial structure. |
Analysis
|
Branch (SBI) |
Retail trade (not in motor vehicles) (47) |
|
Region |
Groot Amsterdam In the Netherlands 120043 of the companies are registered with the SBI code 47 In the region Groot Amsterdam 11502 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 Groot Amsterdam 220 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
Amsterdam is normal |
Publications
|
Consent statements |
20-10-2014: Voor boekjaar 2015 is een instemmingsverklaring gedeponeerd. 19-08-2013: Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd. 27-08-2012: Voor boekjaar 2013 is een instemmingsverklaring gedeponeerd. |
|
|
|
|
Functions |
16-03-2015: Per 09-03-2015 is gevolmachtigde Donald Vincent Roach uit functie getreden. 13-03-2015: Per 09-03-2015 is bestuurder John Daco van der Ent in functie getreden. 13-03-2015: Per 09-03-2015 is bestuurder Donald Vincent Roach uit functie getreden. 13-03-2015: Per 09-03-2015 is gevolmachtigde John Daco van der Ent in functie getreden. 16-01-2015: Per 15-01-2015 is bestuurder Jacob Peter Zantman in functie getreden. 16-01-2015: Per 15-01-2015 is bestuurder Carmen Maria Velthuis uit functie getreden. 16-01-2015: Per 15-01-2015 is gevolmachtigde Jacob Peter Zantman in functie getreden. 16-01-2015: Per 04-08-2014 is gevolmachtigde Donald Vincent Roach in functie getreden. 16-01-2015: Per 15-01-2015 is gevolmachtigde Carmen Maria Velthuis uit functie getreden. 15-08-2014: Per 04-08-2014 is bestuurder Donald Vincent Roach in functie getreden. 07-08-2014: Per 04-08-2014 is gevolmachtigde Jacob Cornelio Adriano de Jonge uit functie getreden. 07-08-2014: Per 04-08-2014 is bestuurder Jacob Cornelio Adriano de Jonge uit functie getreden. 13-01-2014: Per 16-12-2013 is bestuurder Remco Peter Boerefijn uit functie getreden. 13-01-2014: Per 16-12-2013 is bestuurder Theodorus Laurentius Gerardus Heemskerk uit functie getreden. 13-01-2014: Per 16-12-2013 is gevolmachtigde Remco Peter Boerefijn uit functie getreden. 13-01-2014: Per 16-12-2013 is gevolmachtigde Theodorus Laurentius Gerardus Heemskerk uit functie getreden. 16-01-2013: Per 07-01-2013 is gevolmachtigde Jacob Cornelio Adriano de Jonge in functie getreden. 16-01-2013: Per 07-01-2013 is bestuurder Jacob Cornelio Adriano de Jonge in functie getreden. 03-01-2013: Per 26-12-2012 is bestuurder Mark David McKeon uit functie getreden. 03-01-2013: Per 26-12-2012 is gevolmachtigde Mark David McKeon uit functie getreden. 12-12-2011: Per 01-10-2011 is bestuurder Remco Peter Boerefijn in functie getreden. 12-12-2011: Per 01-12-2011 is bestuurder Onno Cornelis Johan den Boer uit functie getreden. 12-12-2011: Per 01-12-2011 is gevolmachtigde Remco Peter Boerefijn in functie getreden. 12-12-2011: Per 01-12-2011 is gevolmachtigde Onno Cornelis Johan den Boer uit functie getreden. |
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Mergers |
03-09-2012: Op 31-08-2012 fusieakte verleden. Verkrijgende rechtspersoon: V&D B.V., 34340151 Verdwijnende rechtspersoon: V&D Services B.V., 50623540. 25-07-2012: Op 24-07-2012 fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: V&D B.V., 34340151 Verdwijnende rechtspersoon: V&D Services B.V., 50623540. |
Company
structure
|
Relations |
7 |
Swan Management S.à r.l & Partners
S.C.A.
5 rue Guillaume Kroll
L-1882 Luxemburg Luxembourg
Swan Topco B.V.
De Boelelaan 7
1083HJ AMSTERDAM
Netherlands
Registration number: 513130650000
V&D Group Holding B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 511731900000
Divisie Vroom & Dreesmann B.V.
Laarderhoogtweg 25
1101EB AMSTERDAM
Netherlands
Registration number: 341961230000
V&D B.V.
Laarderhoogtweg 25
1101EB Amsterdam
Netherlands
Registration number: 343401510000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.96 |
|
UK Pound |
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
ASH |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.