MIRA INFORM REPORT

 

 

Report Date :

01.12.2012

 

IDENTIFICATION DETAILS

 

Name :

VAN GELDER RECYCLING GROEP B.V.

 

 

Registered Office :

Corverslaan 4 1951AM, Velsen-Noord

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

07.06.2005

 

 

Com. Reg. No.:

34227719

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of used paper

 

 

No. of Employees :

37 employees

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an 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. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. 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 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. 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. The government also 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 fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

CONTACT INFORMATION

 

Company name

Van Gelder Recycling Groep B.V.

Tradename

Van Gelder Recycling Groep B.V.

Address

Corverslaan 4 1951AM Velsen-Noord

Netherlands

Mail address

Postbus 26

1950AA Velsen-Noord

Netherlands

Telephone number

0251229198

Telefax number

0251211872

E-mail address

info@gelderrecycling.nl

Website

www.vgrecycling.nl

VAT number / RSIN

814486770

Branch(es)

Van Gelder Recycling Groep B.V. (34227719.0001) Boezembocht 27 3034KA ROTTERDAM

 

History                                      CORVERSLAAN 2

1951 AM VELSEN-NOORD

Tot: 12-7-2012

 

Special remarks                         Op 10-3-2012 werd de onderneming by brand getroffen, waarbij de in gebruik

zijnde plots of land gedeeltelijk werden verwoest.

 

 

COMPANY INFORMATION

 

Handelsregisternummer 34227719

Registered in                             Chamber of commerce Amsterdam

First registration                         07-06-2005

Act of foundation                        30-05-2005

Date of constitution                    31-12-1974

Continuation date                       30-05-2005

Last change in statutes              19-06-2007

Legal form                                 Besloten Vennootschap

Place of constitution                   Velsen

Issued capital                            300.000

Paid up capital                           300.000

 

NACE-code                               Wholesale of used paper (515732)

SBI-code                                   Recycling of non-metal waste and scrap (383202)

Wholesale of other used materials and waste materials (46779)

 

Formal objective             Inzamelen van-, handel in, het verwerken van oud papier, afvalstoffen,

grondstoffen voor industriële doeleinden, alsmede de import en export van deze artikelen

 

Export                                       The whole world

Employees                                Total: 37

 

Bookyear                                 2008                             2007

Number                                     37                                 56                    

Change                                     -33,93%                        --

 

 

COMPANY STRUCTURE

 

Holding company

Melvin de Groot Beheer B.V.

 

De Lairessestraat 121

 

1075HH AMSTERDAM

 

KvK: 34225092

Affiliated companies

MDG Finance B.V.

 

De Lairessestraat 121

 

1075HH AMSTERDAM

 

KvK: 34295635

 

VG Recycling Groep B.V.

 

Corverslaan 2

 

1951AM VELSEN-NOORD

 

KvK: 34263705

 

 

Real estate                    Property owned-lease

 

 

MANAGEMENT

 

Management                 Melvin de Groot Beheer B.V.

De Lairessestraat 121

1075HH AMSTERDAM

Netherlands

KvK: 34225092

Authorization: Fully authorized

Position: General director

Date appointed: 30-05-2005

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular, no complaints are known

Payments                                 Based on multiple payment experiences up to € 50.000

 

l       Quarter: 1 2012: 54 Average days

l       Quarter: 2 2012: 55 Average days

l       Quarter: 3 2012: 53 Average days

l       Quarter: 4 2012: 46 Average days

 

 

invoices

current quarter

2012 Q3

2012 Q2

2012 Q1

Total

41

100%

195.657

196.552

196.851

196.672

Within terms

20

60,3%

117.931

88.931

79.265

85.065

Delayed 0 - 30

21

39,7%

77.726

107.621

117.586

111.607

Delayed 31 - 60

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Publication financial statement    Annual accounts 2011 are published on 09-07-2012

Annual accounts 2010 are published on 05-06-2012

Annual accounts 2009 are published on 05-06-2012

Annual accounts 2008 are published on 14-12-2009

Annual accounts 2007 are published on 16-02-2009

 

Type of publication                     Corporate

 

Publication                                Steady

 

CORE FIGURES

 

 

 

BOOKYEAR

2011

2010

2009

Quick ratio

0,00

0,00

22,79

Current ratio

0,00

0,00

22,79

Nett workingcapital / Balance total

1,00

0,59

0,14

Capital and reserves / Balance total

1,00

1,00

0,99

Capital and reserves / Fixed assets

-

2,43

1,16

Solvency

0,00

0,00

155,13

Nett workingcapital

300.000

256.789

163.458

Capital and reserves

300.000

436.789

1.163.458

Change capital and reserves

-31,32%

-62,46%

6,25%

change short term liabilities

-100,00%

150,00%

0,00%

 

Annual accounts                                    The company is obligated to publish its annual accounts

Last annual accounts                             2011

Type of publication                                 Corporate

Gross profit                                           2007: 50.000

Operating profit                                      2007: 50.000

Result after taxes                                   2007: 68.000

Tendency                                              Changeable

 

Capital and reserves                               2011 300.000

Total debt                                              2011 0

Current ratio                                          2011 0,00

Quick ratio                                            2011 0,00

Nett workingcapital                                 2011 300.000

Profitability                                            Negative

Solvency                                               More than sufficient

Liquidity                                                More than sufficient

Currency                                               Euro

 

 

Balance sheet

 

BALANCE

 

 

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Financial assets

---

180.000

1.000.000

Fixed assets

---

180.000

1.000.000

 

Accounts receivable Current assets

300.000

256.789

170.958

170.958

Total assets

300.000

436.789

1.170.958

 

Capital and reserves

Total short term debt

Total debt

300.000

---

---

436.789

---

---

1.163.458 7.500

7.500

Total Liabilities

300.000

436.789

1.170.958

 

 

History

 

Management                             Per 01-10-2010 manager 34043228 Van Gelder Recycling Groep Beheer B.V.

out of office.

 

 

Company structure

 

Melvin de Groot Beheer B.V. (34225092)

AMSTERDAM

MDG Finance B.V. (34295635)

AMSTERDAM

Subsidiary (100%)

 

Van Gelder Recycling Groep B.V. (34227719)

Velsen-Noord

Management relation

 

VG Recycling Groep B.V. (34263705)

VELSEN-NOORD

Management relation

 

Van Gelder Papier Groep B.V. (08026653)

ZUTPHEN

Subsidiary

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.53

UK Pound

1

Rs.87.48

Euro

1

Rs.70.89

 

INFORMATION DETAILS

 

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.