MIRA INFORM REPORT

 

 

Report No. :

303045

Report Date :

21.01.2015

 

IDENTIFICATION DETAILS

 

Correct Name :

STUDIO SPECTRE B.V.

 

 

Registered Office :

Torenallee 28 5617BD Eindhoven

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.09.2008

 

 

Com. Reg. No.:

17232929

 

 

Legal Form :

Private Company

 

 

Line of Business :

Agents involved in the sale of textiles, clothing, footwear and leather goods

 

 

No of Employees :

01 (2012)

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 reducing 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

 

 

Company summary

Summary
Company name             Studio Spectre B.V.
Operative address         Torenallee 28 5617BD Eindhoven, Netherlands
Status                           Active
Legal form                    Besloten Vennootschap (Private Company)
Registration number      KvK-nummer: 17232929
VAT-number                  819887705

 

 

Year                             2013                 Mutation                       2012                 Mutation           2011
Fixed assets                                                                                                     -100,00             29.862
Total receivables           813.252                                                                         -100,00             107.438
Total equity                   6.442                534,98                          -1.481               99,06               -157.786
Short term liabilities       807.462             738,36                          96.315              -68,94               310.105
Working capital                         6.442                535,27                          -1.480               98,79                -122.126
Quick ratio                    1,01                  3,06                              0,98                  113,04              0,46

 

 

Contact information

 

Company name                        Studio Spectre B.V.

Trade names                            Studio Spectre B.V.

Operative address                    Torenallee 28

5617BD Eindhoven

Netherlands

Correspondence address         Torenallee 28

5617BD Eindhoven

Netherlands

Telephone number                   0402136260

Email address                          info@spectreagency.nl

Website                                    www.spectreagency.nl

Registration

 

Registration number    KvK-nummer: 17232929

Branch number            000017785707

VAT-number                 819887705

Status                          Active

First registration

company register         2008-10-31

Memorandum               2008-10-30

Establishment date      2008-09-01

Legal form                   Besloten Vennootschap (Private Company)

Last proposed

admendment                2013-04-10

Issued placed capital EUR 18.000

Paid up share capital EUR 18.000

 

Activities

 

SBI                               Agents involved in the sale of textiles, clothing, footwear and leather goods (4616)

Exporter                       No

Importer                       Yes

Goal                             Conducting an agency for clothing brands

 

 

Relations

 

Shareholders

 

The Stormriders B.V.

Torenallee 28

5617BD EINDHOVEN

Netherlands

Registration number: 581044290000

Percentage: 100%

 

 

Management

 

Active management

The Stormriders B.V.

Torenallee 28

5617BD EINDHOVEN

Netherlands

Registration number: 581044290000

Competence: Fully authorized

Function: Manager

Starting date: 2013-07-22

 

 

Employees

 

Total according to the Chamber of Commerce                                     0

 

Year                                         2015                 2012                 2011     2010                 2009

Total                                         0                      1                      1          1                      1

 

 

 

 

Key Figures

Year

2013

2012

2011

2010

2009

Quick ratio

1,01

0,98

0,46

0,45

0,46

Current ratio

1,01

0,98

0,61

0,45

0,46

Working capital/ balance total

0,01

-0,02

-0,56

-0,77

-0,62

Equity / balance total

0,01

-0,02

-0,72

-1,39

-0,57

Equity / Fixed assets

 

 

-5,28

-3,73

-1,22

Equity / liabilities

0,01

-0,02

-0,42

-0,58

-0,36

Balance total / liabilities

1,01

0,98

0,58

0,42

0,64

Working capital

6.442

-1.480

-122.126

-77.978

-70.113

 

Equity

6.442

-1.481

-157.786

-140.858

-63.497

 

Mutation equity

534,98

99,06

-12,02

-121,83

---

 

Mutation short term liabilities

738,36

-68,94

118,88

8,84

---

 

 

 

Summary

 

The 2013 financial result structure is a positive working capital of 6.442 euro, which is in

agreement with 1 % of the total assets of the company.

 

The working capital has increased with 535.27 % 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 1.01. 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 1.01. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

 

The 2012 financial result structure is a negative working capital of -1.480 euro, which is in

agreement with -2 % of the total assets of the company.

 

The working capital has increased with 98.79 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

 

The improvement between 2011 and 2012 has mainly been caused by an increase of the

current assets.

 

The current ratio of the company in 2012 was 0.98. 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 0.98. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

 

 

 

 

 

 

Financial statement

 

Last annual account                 2013

Remark annual account            The company is obliged to file its financial statements.

Type of annual account            Corporate

 

Annual account                        Studio Spectre B.V.

Torenallee 28

5617BD Eindhoven

Netherlands

Registration number: 172329290000

 

Balance Sheets

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Tangible fixed assets

 

29.862

37.804

52.143

Fixed assets

 

29.862

37.804

52.143

Total stock

 

45.559

 

Total receivables

813.252

 

107.438

63.410

57.917

Liquid funds

652

94.835

34.982

287

2.138

Current assets

813.904

94.835

187.979

63.697

60.055

Total assets

813.904

94.835

217.841

101.501

112.198

Issued capital

18.000

18.000

18.000

18.000

18.000

Other reserves

-11.558

-19.481

-175.786

-158.858

-81.497

Total reserves

-11.558

-19.481

-175.786

-158.858

-81.497

Total equity

6.442

-1.481

-157.786

-140.858

-63.497

Long term interest yielding debt

 

 

65.522

100.684

45.527

Long term liabilities

 

65.522

100.684

45.527

Short term liabilities

807.462

96.315

310.105

141.675

130.168

Total short and long term liabilities

807.462

96.315

375.627

242.359

175.695

Total liabilities

813.904

94.835

217.841

101.501

112.198

Summary

 

The total assets of the company increased with 758.23 % between 2012 and 2013.

 

The asset growth has mainly been financed by a debt increase of 738.36 %. The Net Worth,

however, grew with 534.98 %.

 

The total assets of the company decreased with -56.47 % between 2011 and 2012.

 

The asset reduction is in contrast with the equity growth of 99.06 %. Due to this the total debt

decreased with -74.36 %.

 

 

 

 

Analysis

 

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

 

Region                                     Zuid-Oost-Brabant

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

In the region Zuid-Oost-Brabant 5034 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 Zuid-Oost-Brabant 97 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 Zuid-Oost-Brabant is normal

Publications

Filings                                                 10-03-2014: De jaarrekening over 2013 is gepubliceerd.

18-04-2013: De jaarrekening over 2012 is gepubliceerd.

01-06-2012: De jaarrekening over 2011 is gepubliceerd.

21-04-2011: De jaarrekening over 2010 is gepubliceerd.

09-06-2010: De jaarrekening over 2009 is gepubliceerd.

 

Functions                                 24-07-2013: Per 22-07-2013 is bestuurder 58104429 The Stormriders B.V. in

Functie getreden.

24-07-2013: Per 22-07-2013 is bestuurder 17167325 Neggers Lazy Afternoon B.V. uit functie getreden.

24-07-2013: Per 22-07-2013 is bestuurder 17235681 Euro Consult B.V. uit functie getreden.

 

Amendments                            15-04-2013: Per 10-4-2013 statuten gewijzigd. Per 10-4-2013 naam gewijzigd in:

Studio Spectre B.V

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.93.27

Euro

1

Rs.71.57

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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