MIRA INFORM REPORT

 

 

Report No. :

490254

Report Date :

05.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KIDDO FASHION B.V.

 

 

Registered Office :

Spoorhaven 33, 2651av berkel en rodenrijs

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

06.10.2000

 

 

Com. Reg. No.:

34144528

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject engaged in Wholesale of textile products

 

 

No. of Employees :

7

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

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

 

The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a consistently high trade surplus, stable industrial relations, and low 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 euro zone, 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 80% of banking assets, and is four times the size of Dutch GDP.

In 2008, during the financial crisis, the government budget deficit hit 5.3% of GDP. Following a protracted recession from 2009 to 2013, during which unemployment doubled to 7.4% and household consumption contracted for four consecutive years, economic growth began inching forward in 2014. Since 2010, Prime Minister Mark RUTTE’s government has 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. In 2017, the government budget returned to a surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita finally surpassed pre-crisis levels. The fiscal policy announced by the new government in the 2018-2021 coalition plans for increases in government consumption and public investment, fueling domestic demand and household consumption and investment. The new government’s policy also plans to increase demand for workers in the public and private sector, forecasting a further decline in the unemployment rate, which hit 4.8% in 2017.

 

Source : CIA

 

 

Summary

 

Company name

Kiddo Fashion B.V.

Operative address

Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 34144528

VAT-number

809508953

European VAT-number

NL809508953B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

9.696

-15,13 

11.425

4,67 

10.915

Total receivables

232.590

-22,90 

301.672

85,19 

162.895

Total equity

240.496

6,84 

225.092

-26,36 

305.666

Short term liabilities

345.319

-16,43 

413.212

-2,44 

423.544

Working capital

230.800

5,80 

218.154

-27,75 

301.930

Quick ratio

0,70

-6,67 

0,75

92,31 

0,39

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

Kiddo Fashion B.V.

Trade names

Kiddo Fashion B.V.

Operative address

Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands

Correspondence address

Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands

 

Telephone number

010-4376711

Fax number

0104376715

 

Registration

 

Registration number

KvK-nummer: 34144528

Branch number

000017132851

VAT-number

809508953

European VAT-number

NL809508953B01

Status

Active

First registration company register

2000-12-29

Memorandum

2000-12-29

Establishment date

2000-10-06

 

Legal form

Private Limited Company

Legal person since

2000-12-29

Last proposed admendment

2008-01-22

Issued placed capital

EUR 18.000

Paid up share capital

EUR 18.000

 

 

Activities

 

SBI

46429: Wholesale of textile products

Exporter

Yes

Importer

Yes

 

Goal

Trade and import and export of textiles and related articles

 

 

Relations

 

Shareholders

Sub-Zero B.V.
Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands
Registration number: 24289876
Percentage: 100%

Companies on same address

Sub-Zero B.V.
Registration number: 24289876

 

Born to be Famous V.O.F.
Registration number: 27369684

 

StyleMade.It
Registration number: 51142600

 

Dworkz Denim Concept B.V.
Registration number: 57332150

 

Just Believe B.V.
Registration number: 64164667

 

Constyle B.V.
Registration number: 65052129

 

Syndicate Holding B.V.
Registration number: 67235913

 

Syndicate Trading B.V.
Registration number: 67242898

 

 

Real Estate

 

Details operative address

Surface area: 249 m2
Purpose: Industrial function
Construction year: 2002
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

Sub-Zero B.V.
Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands
Registration number: 24289876
Competence: Fully authorized
Function: Manager
Starting date: 2000-12-29

 

 

Employees

 

Year

2016

2015

2014

2013

2012

Annual

7

6

2

2

1

Chamber of Commerce

0

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

Description

No Complaints

 

Payments within industry

Last quarter

Last year

Average payment period (days)

52

44

Average delay (days)

35

26

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

57,00%

34,00%

5,00%

0,00%

1,00%

3,00%

2017 Q4

53,00%

37,00%

5,00%

1,00%

1,00%

2,00%

2017 Q3

51,00%

38,00%

5,00%

3,00%

0,00%

3,00%

2017 Q2

51,00%

33,00%

8,00%

6,00%

1,00%

2,00%

2017 Q1

51,00%

38,00%

4,00%

1,00%

1,00%

5,00%

 

 

Key figures

 

Year

2016

2015

2014

2013

2012

Quick ratio

0,70

0,75

0,39

0,14

0,32

Current ratio

1,67

1,53

1,71

1,98

1,63

Working capital/ balance total

0,39

0,34

0,41

0,49

0,39

Equity / balance total

0,41

0,35

0,42

0,50

0,39

Equity / Fixed assets

24,80

19,70

28,00

222,07

133,41

Equity / liabilities

0,70

0,54

0,71

0,99

0,64

Balance total / liabilities

1,70

1,54

1,71

1,99

1,64

Working capital

230.800

218.154

301.930

297.786

279.520

Equity

240.496

225.092

305.666

299.133

281.631

Mutation equity

6,84

-26,36

2,18

6,21

29,81

Mutation short term liabilities

-16,43

-2,44

39,51

-31,13

3,21

Summary

The 2016 financial result structure is a postive working captial of 230.800 euro, which is in agreement with 39 % of the total assets of the company.
The working capital has increased with 5.8 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2015 and 2016 has mainly been caused by a change of the current assets.
The current ratio of the company in 2016 was 1.67. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2016 of the company was 0.7. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2015 financial result structure is a postive working captial of 218.154 euro, which is in agreement with 34 % of the total assets of the company.
The working capital has diminished with -27.75 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2014 and 2015 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2015 was 1.53. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2015 of the company was 0.75. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/KEYFIGURES-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/KEYFIGURES-02-bar-large.png

 

 

Financial statement

 

Last annual account

2016

Remark annual account

The company is obliged to file its financial statements.

Type of annual account

Corporate

Annual account

Kiddo Fashion B.V.
Spoorhaven 33
2651AV BERKEL EN RODENRIJS
Netherlands
Registration number: 34144528

 

Balance

Year

2016

2015

2014

2013

2012

End date

2016-12-31

2015-12-31

2014-12-31

2013-12-31

2012-12-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Tangible fixed assets

9.696

11.425

10.915

1.347

2.111

Fixed assets

9.696

11.425

10.915

1.347

2.111

Total stock

336.100

321.414

561.296

558.408

577.852

Total receivables

232.590

301.672

162.895

42.533

140.582

Liquid funds

7.429

8.280

1.283

441

1.897

Current assets

576.119

631.366

725.474

601.382

720.331

Total assets

585.815

642.791

736.389

602.729

722.442

Issued capital

18.000

18.000

18.000

18.000

18.000

Other reserves

222.496

287.666

281.133

263.631

Non-distributable profit

207.092

Total reserves

222.496

207.092

287.666

281.133

263.631

Total equity

240.496

225.092

305.666

299.133

281.631

Long term interest yielding debt

4.487

7.179

Long term liabilities

4.487

7.179

Short term liabilities

345.319

413.212

423.544

303.596

440.811

Total short and long term liabilities

345.319

417.699

430.723

303.596

440.811

Total liabilities

585.815

642.791

736.389

602.729

722.442

Summary

The total assets of the company decreased with -8.86 % between 2015 and 2016.
This downturn is mainly retrievable in the fixed asset decrease of -15.13 %.
The asset reduction is in contrast with the equity growth of 6.84 %. Due to this the total debt decreased with -17.33 %.
In 2016 the assets of the company were 1.66 % composed of fixed assets and 98.34 % by current assets. The assets are being financed by an equity of 41.05 %, and total debt of 58.95 %.

The total assets of the company decreased with -12.71 % between 2014 and 2015.
Despite the total assets decrease, non current assets grew with 4.67 %.
Assets reduction is explained by a Net Worth decrease of -26.36 %, and an indebtedness reduction of -3.02 %.
In 2015 the assets of the company were 1.78 % composed of fixed assets and 98.22 % by current assets. The assets are being financed by an equity of 35.02 %, and total debt of 64.98 %.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/BALANCESHEETS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1261364-EN/BALANCESHEETS-02-bar-large.png

Analysis

 

Branch (SBI)

Wholesale of textile products (SBI code 46429)

Region

Groot Den Haag

Summary

In the Netherlands 8950 of the companies are registered with the SBI code 46429
In the region Groot Den Haag 581 of the companies are registered with the SBI code 46429
In the Netherlands 265 of the bankrupcties are published within this sector
In the region Groot Den Haag 13 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is High
The risk of this specific sector in the region Groot Den Haag is High

Year

2016

Company

2015

Company

2014

Equity

64.519

240.496 

74.962

225.092 

77.399

Working capital

106.106

230.800 

76.826

218.154 

84.485

Balance total

380.658

585.815 

415.643

642.791 

457.701

Quick ratio

1,00

0,70 

1,03

0,75 

1,01

Current ratio

1,08

1,67 

1,42

1,53 

1,49

Equity / balance total

0,29

0,41 

0,29

0,35 

0,29

 

 

 

Publications

 

Deposits

28-12-2017: De jaarrekening over 2016 is gepubliceerd.
23-09-2016: De jaarrekening over 2015 is gepubliceerd.
15-01-2016: De jaarrekening over 2014 is gepubliceerd.
10-12-2014: De jaarrekening over 2013 is gepubliceerd.
30-12-2013: De jaarrekening over 2012 is gepubliceerd.

 

 

Company structure

 

Relations

2

Company

Registration number

Sub-Zero B.V. (BERKEL EN RODENRIJS)

24289876  

| - - Kiddo Fashion B.V. (BERKEL EN RODENRIJS)

34144528  

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.08

UK Pound

1

INR 91.34

Euro

1

INR 80.03

Euro

1

INR 79.81

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

KET

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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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.