MIRA INFORM REPORT
|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
DE
VLAMBOOG B.V. |
|
|
|
|
Registered Office : |
Postbus
298 2130AG Hoofddorp |
|
|
|
|
Country : |
Netherlands |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.07.1963 |
|
|
|
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Reg. No.: |
34035362 |
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|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Manufacture
of tools |
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|
|
|
No. of Employees : |
25 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
CONTACTINFORMATION
|
Company
name |
DE
VLAMBOOG B.V. |
|
Tradename |
De
Vlamboog B.V. |
|
Address |
Wijkermeerstraat
15 |
|
|
2131HB
Hoofddorp |
|
|
Netherlands |
|
Mail
address |
Postbus
298 |
|
|
2130AG
Hoofddorp |
|
|
Netherlands |
|
Telephone
number |
0235675500 |
|
Telefax
number |
0235637491 |
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E-mail
address |
|
|
Website |
|
|
VAT
number / RSIN |
001513412 |
COMPANY
INFORMATION
Handelsregisternummer 34035362
Registered in Chamber
of commerce Amsterdam
Act of foundation 05-07-1963
Date of constitution 05-07-1963
Continuation date 10-11-1972
Last change in statutes 13-11-2009
Legal form Private Company
Place of constitution Badhoevedorp
Issued capital 227.000
Paid up capital 227.000
Legal form at first registration Besloten
Vennootschap
|
NACE-code |
Manufacture of
tools (2862) |
|
SBI-code |
Manufacture of
tools (2573) |
|
Formal objective |
Manufacturing of and trafficking
in veiligheidslasgereedschappen and welding wholesale
personal protective equipment, safety products, clothing
and apparel |
|
Import |
United States of
America, Asia, European Union |
|
Export |
European Union |
|
Employees |
Total:
c |
|
|
|
Employees group |
Group:
2500 |
|
|
|
Employees according
to CoC |
Chamber
of commerce: 25 |
|
|
|
Bookyear |
2012 |
2011 |
2010 |
|
Number |
25 |
25 |
35 |
|
Change |
0,00% |
-28,57% |
|
COMPANY STRUCTURE
Shareholder VBG
Bedrijven B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
Netherlands
KvK: 23081571
Active since: 29-12-1995
Percentage: 100.00%
Ultimate parent company Broadview
Holding B.V.
v d Does d Willeboissngl 13
5211CC 'S-HERTOGENBOSCH
KvK: 14097575
Holding company VBG
Bedrijven B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
KvK: 23081571
Subsidiary
Vlamboog International B.V.
Wijkermeerstraat 15
2131HB Hoofddorp
KvK: 56430663
Affiliated companies Multi
Arbo Consultants B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
KvK: 23064073
Groeneveld-Elcea B.V.
De Hak 21
5107RG DONGEN
KvK: 18130264
Intersafe Groeneveld B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
KvK: 23019792
Milieuconsult OBO B.V.
Bijdorp-Oost 18
2992LA BARENDRECHT
KvK: 24192466
Intersafe Mobile Safety Services B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
KvK: 24388506
Intersafe Services B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
KvK: 50761927
Liability declaration VBG
Bedrijven B.V. (23081571)
Kamerlingh Onnesweg 2
3316GL DORDRECHT
Issue date: 14-08-2009
|
Bank |
ABN Amro Bank NV |
|
|
Account number:
42.60.44.827 |
|
|
ING Bank NV |
|
|
Account number:
105168 |
|
|
ABN Amro Bank NV |
|
|
Account number:
54.97.15.444 |
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Real
estate |
Lease |
|
|
The
real estate is checked at the land registration office |
|
|
Object
code: HAARLEMMERMEER C 5054 |
|
|
Owner:
Janny Wilhelmina Versteeg |
MANAGEMENT
Management VBG
Bedrijven B.V.
Kamerlingh Onnesweg 2
3316GL DORDRECHT
Netherlands
KvK: 23081571
Authorization: Fully authorized
Position: Manager
Date appointed: 15-08-2000
M.P. Koetsier
Michaël Paul
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-10-2010
Date of birth:
06-05-1968
E.B. van Lankeren
Evert Bertus
Authorization: Fully authorized
Position: Proxy
Date appointed: 01-07-2012
Date of birth: 28-12-1966
P.J. Molemans
Pascal Jean
Authorization: Limited authorization
Position: Proxy
Date appointed: 16-11-2009
Date of birth: 25-08-1966
PAYMENT
INFORMATION
Payment experiences Payments are
regular, no complaints are known
Payments Based
on multiple payment experiences up to € 25.000
Quarter: 1 2012: 53 Average days
Quarter: 2 2012: 38 Average days
Quarter: 3 2012: 41 Average days
Quarter: 4 2012: 36 Average days
Invoices current quarter 2012 Q3 2012 Q2 2012 Q1
Total 102
100% 59.780 60.204
60.938 62.455
Within terms 77 89,2% 53.306 47.854
50.883 42.402
Delayed 0 - 30 18 9,0% 5.373 10.148 8.954 16.103
Delayed 31 - 60 7 1,8% 1.101 2.202
1.101 3.950
Delayed 61 - 90
Delayed 91 - 120
Delayed 120+ days
FINANCIAL INFORMATION
|
Auditor |
PRICEWATERHOUSECOOPERS
N.V |
|
Type of publication |
Consolidated |
|
Annual accounts van |
VBG Bedrijven B.V. |
|
|
Kamerlingh Onnesweg
2 |
|
|
3316GL DORDRECHT |
|
|
KvK: 23081571 |
|
Publication |
Steady |
CORE FIGURES
BOOKYEAR
2011
2010 2009
Quick ratio 1,03
1,15 1,07
Current ratio 1,65 1,72 1,79
Nett workingcapital / Balance total 0,37 0,38 0,40
Capital and reserves / Balance total 0,43 0,42 0,41
Capital and reserves / Fixed assets 6,39 4,94 4,13
Solvency 0,75 0,73 0,71
Nett workingcapital 14.868.000 13.064.000 13.499.000
Capital and reserves 17.236.000 14.382.000 13.983.000
Change capital and reserves 19,84% 2,85% -20,17%
change short term liabilities 25,54% 6,78% -17,01%
Nett Turnover 79.826.000 79.064.000 74.377.000
Operating profit 4.212.000 1.872.000 4.447.000
Annual accounts The published financial information is the consolidated group information.
Last annual accounts 2011
Type of publication Consolidated
Turnover 2011: 79.826.000
2010: 79.064.000
2009: 74.377.000
2008: 78.384.000
2007: 76.898.000
Gross profit 2011: 31.210.000
2007: 30.500.000
Operating profit 2011: 4.212.000
2010: 1.872.000
2009: 4.447.000
2008: 6.235.000
2007: 7.014.000
Result after taxes 2011: 2.851.000
2010: 1.105.000
2009: 3.095.000
2008: 4.224.000
2007: 4.753.000
Tendency Changeable
Tendency
capital and reserves
Capital and reserves 2011 17.236.000
Total debt 2011 23.089.000
Current ratio 2011 1,65
Quick ratio 2011 1,03
Nett workingcapital 2011 14.868.000
Profitability More than sufficient
Solvency Positive
Liquidity Positive
Balance
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Other intangible
assets |
|
136.000 |
341.000 |
|
Intangible assets |
41.000 |
136.000 |
341.000 |
|
Tangible assets |
2.638.000 |
2.766.000 |
3.043.000 |
|
Financial assets |
17.000 |
11.000 |
|
|
Fixed assets |
2.696.000 |
2.913.000 |
3.384.000 |
|
|
|||
|
Stocks and work in
progress |
14.246.000 |
10.426.000 |
12.230.000 |
|
Trade debtors |
14.273.000 |
|
10.554.000 |
|
Due from related
parties |
|
|
6.761.000 |
|
Other amounts
receivable |
|
20.457.000 |
311.000 |
|
Accounts receivable |
23.126.000 |
20.457.000 |
17.626.000 |
|
Liquid assets |
257.000 |
312.000 |
623.000 |
|
Current assets |
37.629.000 |
31.195.000 |
30.479.000 |
|
Total assets |
40.325.000 |
34.108.000 |
33.863.000 |
|
|
|||
|
Capital and
reserves |
17.236.000 |
14.382.000 |
13.983.000 |
|
Provisions |
73.000 |
80.000 |
125.000 |
|
other long term
debts |
|
1.515.000 |
2.775.000 |
|
Long term
liabilities |
255.000 |
1.515.000 |
2.775.000 |
|
Short term interest
yielding debt |
|
|
6.398.000 |
|
Other short term
debts |
17.292.000 |
18.131.000 |
6.380.000 |
|
Total short term
debt |
22.761.000 |
18.131.000 |
16.980.000 |
|
Total debt |
23.089.000 |
19.646.000 |
19.755.000 |
|
Total Liabilities |
40.325.000 |
34.108.000 |
33.863.000 |
|
|
|||
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PROFIT & LOSS
ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Turnover |
79.826.000 |
79.064.000 |
74.377.000 |
|
Nett Turnover |
79.826.000 |
79.064.000 |
74.377.000 |
|
Gross profit |
31.210.000 |
|
|
|
Wages employees |
17.845.000 |
17.074.000 |
15.992.000 |
|
Depreciation and
amortization |
1.194.000 |
1.149.000 |
1.215.000 |
|
Raw materials |
|
50.153.000 |
47.163.000 |
|
Other operating charges |
7.959.000 |
8.816.000 |
5.560.000 |
|
Operating charges |
75.614.000 |
77.192.000 |
69.930.000 |
|
Operating profit |
4.212.000 |
1.872.000 |
4.447.000 |
|
Financial income |
350.000 |
|
442.000 |
|
Financial charges |
594.000 |
225.000 |
571.000 |
|
Financial result |
-244.000 |
-225.000 |
-129.000 |
|
Result before taxes |
3.968.000 |
1.647.000 |
4.318.000 |
|
Income taxes |
1.117.000 |
542.000 |
1.223.000 |
|
Result after taxes |
2.851.000 |
1.105.000 |
3.095.000 |
|
Nett result |
2.851.000 |
1.105.000 |
3.095.000 |
History
Liability statements Per
14-08-2009 filed a declaration of liability by VBG Bedrijven B.V..
Per 14-08-2009
filed a withdrawal of declaration of liability by Intersafe Holding B.V..
Consent statements Over bookyear
2010 a consent agreement is filed
Over bookyear 2009 a consent agreement is
filed
Over bookyear 2008 a consent agreement is
filed
Over bookyear 2007 a consent agreement is
filed
Management Per
01-07-2012 is Proxy Evert Bertus van Lankeren appointed.
Per 03-05-2012 is Proxy Remo Enrico Bouwman
out of office.
Per 01-07-2011 is Proxy Joris Creuwels out
of office.
Per 01-10-2010 is Proxy Michaël Paul
Koetsier appointed.
Per 01-10-2010 is Proxy Joris Creuwels
appointed.
Per 30-06-2010 is Proxy Arjen Woudenberg out
of office.
Per 26-04-2010 is Proxy Ronald Gilbert
Marcel van Ewijk out of office.
Per 16-11-2009 is Proxy Arjen Woudenberg
appointed.
Per 16-11-2009 is Proxy Remo Enrico Bouwman
appointed.
Per 16-11-2009 is Proxy Ronald Gilbert Marcel
van Ewijk appointed.
Per 16-11-2009 is Proxy Pascal Jean Molemans
appointed.
Per 01-09-2009 manager Hendrik Zandvliet out
of office.
Modifications Per 13-11-2009 statutes modified.
Company
structure
- Broadview Holding B.V. (14097575)
'S-HERTOGENBOSCH
- Trespa International B.V. (24270677)
Weert
Subsidiary
- Facilities Wetering B.V. (13036976)
WEERT
Subsidiary (100%)
- Trespa International Investments B.V.
(14126711)
WEERT
Subsidiary (100%)
- Omega Direct Marketing Services B.V.
(13041702)
ITINRVOORT
Management relation
- Intersafe Trust B.V. (24320799)
Rotterdam
Subsidiary
- Intersafe Holding B.V. (23081570)
Dordrecht
Subsidiary
- VBG Bedrijven B.V. (23081571)
DORDRECHT
Subsidiary (100%)
- Multi Arbo Consultants B.V.
(23064073)
DORDRECHT
Subsidiary
- Groeneveld-Elcea B.V. (18130264)
DONGEN
Subsidiary (100%)
- Intersafe Groeneveld B.V. (23019792)
DORDRECHT
Subsidiary (100%)
- Deltasafe Supply B.V. (23063651)
DORDRECHT
Subsidiary
- Milieuconsult OBO B.V. (24192466)
BARENDRECHT
Subsidiary
- Intersafe Mobile Safety Services B.V. (24388506)
DORDRECHT
Subsidiary (100%)
- De Vlamboog B.V. (34035362)
Hoofddorp
Subsidiary (100%)
- Vlamboog International B.V. (56430663)
Hoofddorp
Subsidiary (100%)
- Intersafe Services B.V. (50761927)
DORDRECHT
Subsidiary
- Intersafe International B.V. (24385491)
Dordrecht
Subsidiary (100%)
- Intersafe UK B.V. (23044923)
DORDRECHT
Subsidiary
- Armex B.V. (23082248)
DORDRECHT
Several
liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.