MIRA INFORM REPORT

 

 

Report Date :

03.09.2011

 

IDENTIFICATION DETAILS

 

Name :

HOGLA B.V.

 

 

Registered Office :

Van Leeuwenhoekstraat 7, 2811DW Reeuwijk

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

16.11.1981

 

 

Com. Reg. No.:

29024651

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Wholesale of Other Construction (Building) Materials

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

€ 100.000

 

 

Status :

Good

 

 

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 – March 31st, 2010

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION

 

Company name

Hogla B.V.

Tradename

Hogla B.V.

Address

Van Leeuwenhoekstraat 7

 

2811DW Reeuwijk

 

Netherlands

Mail address

Postbus 100

 

2810AC Reeuwijk

 

Netherlands

Telephone number

0182390700

Telefax number

0182390707

E-mail address

sales@hogla.com

Website

www.hogla.com

VAT number

006398248

 

 

CREDIT LIMIT

 

Credit limit

A credit of € 100.000 may be granted

 

COMPANY INFORMATION

 

Handels register nummer

29024651

Registered in

Chamber of commerce Rotterdam

Act of foundation

14-04-1983

Date of constitution

16-11-1981

Last change in statutes

04-09-1992

Legal form

Besloten Vennootschap

Place of constitution

Reeuwijk

Capital

 

EUR 79.411,54

 

 

Issued capital    EUR 53.863,71

 

Paid up capital   EUR 53.863,71

 

NACE-code       Wholesale of other construction (building) materials (51537)

 

SBI-code           Wholesale of other construction (building) materials (46738)

 

Formal objective Handel -import en export daaronder begrepen- in roerende goods, met name bouwmaterialen en in glas met name voor toepassingen in de bouw

 

 

Employees

Total: 10

 

 

Employees according to CoC

Chamber of commerce: 19

 

 

Bookyear

2010

2009

2008

Number

10

11

13

Change

-9,09%

-15,38%

-31,58%

COMPANY STRUCTURE

 

Shareholder

Sagridt B.V.

 

Van Leeuwenhoekstraat 7

 

2811DW REEUWIJK

 

Netherlands

 

KvK: 24401804

 

Active since: 26-09-2006

 

Percentage: 100.00%

Ultimate parent company

Futink B.V.

 

Van Leeuwenhoekstraat 7

 

2811DW REEUWIJK

 

KvK: 29024887

Holding company

Sagridt B.V.

 

Van Leeuwenhoekstraat 7

 

2811DW REEUWJK

 

KvK: 24401804

Affiliated companies

Glasimport Kwintsheul B.V.

 

Bovendijk 35

 

2295RV Kwintsheul

 

KvK: 27231634

 

Vetrad B.V.

 

Van Leeuwenhoekstraat 7

 

2811DW REEUWJK

 

KvK: 29040646

 

Bankers            ABN Amro Bankers NV

 

 

 

Real estate

Lease

 

Value: € 383.529

 

The real estate is checked at the land registration office

 

Object code: REEUWJK B 4273

 

Owner: FUTINK B.V.

 

 

MANAGEMENT

 

Management                             Sagridt B.V.

Van Leeuwenhoekstraat 7

2811DW REEUWIJK

Netherlands

KvK: 24401804

Authorization: Fully authorized

Position: Manager

Date appointed: 26-09-2006

 

R. Hendriks

Rene

Authorization: Fully authorized

Position: Manager

Date appointed: 26-09-2006

Date of birth: 06-11-1963

Other directorships:

- Manager: Vetrad B.V. - REEUWJK (KvK: 29040646)

 

N.B.J. Klemann

Norbertus Bernardus Joannes

Authorization: Fully authorized

Position: Proxy

Date appointed: 18-05-2011

Date of birth: 20-10-1952

 

J. Klemann - Joosten

Joyce

Authorization: Fully authorized

Position: Proxy

Date appointed: 01-01-1990

Date of birth: 23-07-1959

Other directorships:

-          Proxy: Glasimport Kwintsheul B.V. - Kwintsheul (KvK: 27231634)

 

Sagridt B.V.

Resigned

Van Leeuwenhoekstraat 7

2811DW REEUWIJK

Netherlands

KvK: 24401804

Position: Manager

 

 

Payment information

 

Payment experiences Payments             Payments are regular

 

Payments                                             Based on multiple payment experiences up to € 15.000

 

Quarter: 4 2010: 56 Average days

Quarter: 1 2011: 35 Average days

Quarter: 2 2011: 49 Average days

Quarter: 3 2011: 43 Average days

 

 

invoices

current quarter

2011 Q2

2011 Q1

2010 Q4

Total

69

100%

22.923

22.054

24.997

21.031

 

 

 

 

Within terms

44

77,6%

17.797

15.217

23.213

13.670

 

 

Delayed 0 - 30

 

22,4%

5.126

6.449

1.654

5.953

 

Delayed 31 - 60

4

0,0%

 

388

130

1.293

 

 

Delayed 61 - 90

1

0,0%

 

 

115

 

Delayed 91 - 120

 

 

 

 

 

Delayed 120+ days

 

 

 

FINANCIAL INFORMATION

 

Lease obligations                       92.178

 

Publication financial statement    Annual accounts 2010 are published on 01-08-2011

Annual accounts 2009 are published on 01-08-2011

Annual accounts 2008 are published on 22-07-2009

Annual accounts 2007 are published on 18-07-2008

 

 

Type of publication Corporate Publication Steady

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

1,22

1,12

1,12

Current ratio

1,55

1,36

1,49

Nett workingcapital / Balance total

0,35

0,26

0,31

Capital and reserves / Balance total

0,35

0,24

0,31

Capital and reserves / Fixed assets

55,69

6,43

5,10

Solvency

0,54

0,33

0,45

Nett workingcapital

768.922

666.276

1.025.000

Capital and reserves

764.144

632.994

1.014.000

Change capital and reserves

20,72%

-37,57%

36,66%

change short term liabilities

-24,06%

-11,43%

28,61%

 

Annual accounts            The company is obligated to publish its annual accounts

Last annual accounts     2010

Tendency                      Changeable

 

Tendency capital and reserves

 

 

Capital and reserves       `2010 764.144

Total debt                      2010 1.415.403

Current ratio                  2010 1,55

Quick ratio                    2010 1,22

Nett workingcapital         2010 768.922

 

Profitability                    Positive

 

Solvency                       Positive

 

Liquidity                        Positive

 

Current- & Quickratio

 

 

Currency           Euro

BALANCE

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Tangible assets

13.722

98.426

199.000

Fixed assets

13.722

98.426

199.000

 

Stocks and work in progress

463.926

442.860

777.000

Accounts receivable

1.699.177

2.061.139

2.322.000

Liquid assets

2.722

1.834

3.000

Current assets

2.165.825

2.505.833

3.102.000

Total assets

2.179.547

2.604.259

3.302.000

Capital and reserves

764.144

632.994

1.014.000

Provisions

 

39.208

44.000

other long term debts

 

 

167.000

Long term liabilities

18.500

92.500

167.000

Other short term debts

 

 

2.077.000

Total short term debt

1.396.903

1.839.557

2.077.000

Total debt

1.415.403

1.971.265

2.288.000

Total Liabilities

2.179.547

2.604.259

3.302.000

 

 

History

 

Management     Since 18-05-2011 is Proxy Norbertus Bernardus Joannes Klemann appointed.

 

 

Company structure

 

Futink B.V. (29024887)

REEUWIJK

o Sagridt B.V. (24401804) REEUWJK

Management relation

■ Glasimport Kwintsheul B.V. (27231634) Kwintsheul

Subsidiary (100%)

■ Hogla B.V. (29024651) Reeuwijk

Subsidiary (100%)

■ Vetrad B.V. (29040646)

REEUWIJK Subsidiary (100%)

o Lutimex B.V. (29034442)

REEUWIJK Subsidiary (100%)

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.89

UK Pound

1

Rs.74.31

Euro

1

Rs.65.40

 

 

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.