MIRA INFORM REPORT

 

 

Report No. :

335879

Report Date :

10.08.2015

 

IDENTIFICATION DETAILS

 

Name :

VDR FASHION GROUP B.V.

 

 

Registered Office :

Burgemeester Burgerslaan 40A 5245 NH Rosmalen

 

 

Country :

Netherlands

 

 

Date of Incorporation :

02.07.2014

 

 

Com. Reg. No.:

KvK-nummer: 61051829

 

 

Legal Form :

Private company

 

 

Line of Business :

Wholesale of outerwear

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

Status :

New Business

 

 

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, 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                                    VDR Fashion Group B.V.

Operative address                                Burgemeester Burgerslaan 40A

5245NH Rosmalen

Netherlands

Legal form                                           Besloten Vennootschap

Registration number                            KvK-nummer: 61051829

VAT-number                                         854183280

 

 

Contact information

 

Company name                                    VDR Fashion Group B.V.

Trade names                                        VDR Fashion Group B.V.

Operative address                                Burgemeester Burgerslaan 40A

5245NH Rosmalen

Netherlands

Correspondence address                     Postbus 12

5240AA Rosmalen

Netherlands

Telephone number                               0735118019

 

 

Registration

 

Registration number                            KvK-nummer: 61051829

Branch number                                    000030186374

VAT-number                                         854183280

Status                                                  Active

First registration company register      2014-07-09

Memorandum                                       2014-07-01

Establishment date                              2014-07-02

Legal form                                           Besloten Vennootschap

Issued placed capital                           EUR 18.000

Paid up share capital                           EUR 18.000

 

 

Activities

 

SBI                                                       Wholesale of outerwear (46421)

Exporter                                               Yes

Importer                                               Yes

Goal                                                     De handel in, de im- en export en het leveren of doen leveren van textiel en aanverwante goederen aan franchise-nemers, verzameld in een franchise-organisatie. Het verlenen van adviezen, diensten en het leveren van "know how"op het gebied van retail en vastgoed,

 

 

Relations

 

Shareholders                                       VDR Holding B.V.

Burgemeester Burgerslaan 40A

5245NH ROSMALEN

Netherlands

Registration number: 514500460000

Percentage: 100%

 

 

Management

 

Active management                              VDR Holding B.V.

Burgemeester Burgerslaan 40A

5245NH ROSMALEN

Netherlands

Registration number: 514500460000

Competence: Fully authorized

Function: General Director

Starting date: 2014-07-02

 

 

Employees

 

Year                                                     2015                             2014

Total                                                     0                                  0

 

 

Payments

 

Description                                          Geen klachten

 

 

Financial statement

 

Remark annual account                        There is no financial data published

 

 

Publications

 

Functions                                             10-07-2014: Per 02-07-2014 is bestuurder 51450046 VDR Holding B.V. in functie getreden.

 

 

Company structure

 

Relations                                              9

 

VDR Holding B.V.

Burgemeester Burgerslaan 40A

5245NH ROSMALEN

Netherlands

Registration number: 514500460000

 

• VDR Fashion Group B.V.

Burgemeester Burgerslaan 40A

5245NH Rosmalen

Netherlands

Registration number: 610518290000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.81

UK Pound

1

Rs.98.93

Euro

1

Rs.69.66

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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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