MIRA
INFORM REPORT
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Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
HORSTEN LEDERWAREN B.V. |
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Registered Office : |
Nobelstraat 6, 5051DV Goirle |
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Country : |
Netherlands |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
04.02.1976 |
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Com. Reg. No.: |
18104115 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler
of other non-food consumer goods |
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No. of Employees : |
05 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
CONTACT INFORMATION
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Company name |
Horsten Lederwaren B.V. |
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Tradename |
Horsten
Leatherfashion |
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Horsten
Lederwaren B.V. |
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|
Bagstage |
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|
Burkely |
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Address |
Nobelstraat
6 |
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5051DV
Goirle |
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Netherlands |
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Mail address |
Postbus
221 |
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5050AE
Goirle |
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Netherlands |
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Telephone number |
0135349126 |
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Telefax number |
0135341413 |
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Mobile phone |
0651186588 |
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E-mail address |
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Website |
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VAT number / RSIN |
003547978 |
COMPANY INFORMATION
Handelsregisternummer 18104115
Registered in Chamber
of commerce Brabant
First registration 04-02-1976
Act of foundation 03-02-1976
Date of constitution 10-1939
Continuation date 03-02-1976
Last change in statutes 21-06-2012
|
Legal form |
Besloten
Vennootschap (Limited
Company) |
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Place of constitution |
Goirle |
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Capital |
EUR |
|
|
Issued capital |
EUR
9.120 |
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Paid up capital |
EUR
9.120 |
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NACE-code |
Wholesale
of other non-food consumer goods n.e.c. (51487) |
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SBI-code |
Wholesale
of other household goods nec (464999) |
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Formal objective |
Groothandel,
w.o. im- en exporthandel in kleine lederwaren, school-, diplomaten- en |
|
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clippertassen,
relatiegeschenken e.d. Vervaardigd uit leder of ledervervangende materialen |
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Import |
Germany,
Austria, Scandanavia |
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Employees |
Total:
5 |
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|
|
Employees according
to CoC |
Chamber
of commerce: 5 |
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|
Bookyear |
2012 |
2011 |
2010 |
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Number |
5 |
6 |
5 |
|
Change |
-16,67% |
20,00% |
-16,67% |
COMPANY STRUCTURE
Shareholder C.A.M.
Horsten Beheersmaatschappij Waalwijk B.V.
Nobelstraat 6
5051DV GOIRLE
Netherlands
KvK: 18115792
Active since: 23-12-1981
Percentage: 100.00%
Holding company C.A.M.
Horsten Beheersmaatschappij Waalwijk B.V.
Nobelstraat 6
5051DV GOIRLE
KvK: 18115792
Subsidiary Otazu Bags B.V.
Nobelstraat 6
5051DV GOIRLE
KvK: 18090392
Affiliated companies Beheer- en
Exploitatiemaatschappij Lennies B.V.
Nobelstraat 6
5051DV GOIRLE
KvK: 18028718
C.A.M. Horsten Belegging B.V.
Nobelstraat 6
5051DV GOIRLE
KvK: 18039074
Burkely B.V
Nobelstraat 6
5051DV GOIRLE
KvK: 18058274
Diforza Vastgoedontwikkeling B.V.
Dr. Keyzerlaan 17
5051PB GOIRLE
KvK: 17224783
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Bank |
ING
Bank NV |
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Account
number: 68.67.61.251 |
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ABN
Amro Bank NV |
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Account
number: 48.45.30.739 |
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Real estate |
Property
owned |
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Value:
€ 72.000 |
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Object
code: GOIRLE D 1856 |
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Owner:
C.A.M. Horsten Beheersmaatschappij Waalwijk B.V. |
MANAGEMENT
|
Management |
C.A.M.
Horsten |
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|
Cornelis
Antonius Maria |
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Authorization:
Fully authorized |
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Position:
Manager |
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Date
appointed: 03-02-1976 |
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Date
of birth: 29-08-1950 |
PAYMENT INFORMATION
|
Payment experiences |
Payments
are regular |
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Payments |
Based
on multiple payment experiences up to € 1.000 |
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Quarter:
1 2012: 36 Average days |
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Quarter:
2 2012: 33 Average days |
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Quarter:
3 2012: 32 Average days |
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Quarter:
4 2012: 32 Average days |
FINANCIAL INFORMATION
Publication
financial statement
Annual accounts
2011 are published on 15-06-2012 (Broken accounting year)
Annual
accounts 2010 are published on 17-12-2010 (Broken accounting year)
Annual
accounts 2009 are published on 16-11-2009 (Broken accounting year)
Annual
accounts 2008 are published on 18-03-2010 (Broken accounting year)
Annual accounts 2007 are published on
14-11-2007 (Broken accounting year)
Type of publication Corporate
Publication Steady
Core figures
|
Bookyear |
2011 |
2010 |
2009 |
|
Quick ratio |
0,36 |
0,56 |
0,61 |
|
Current ratio |
1,01 |
1,32 |
1,30 |
|
Nett workingcapital
/ Balance total |
0,01 |
0,22 |
0,21 |
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Capital and
reserves / Balance total |
0,13 |
0,31 |
0,29 |
|
Capital and
reserves / Fixed assets |
1,08 |
3,08 |
2,87 |
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Solvency |
0,16 |
0,45 |
0,40 |
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Nett workingcapital |
15.785 |
337.913 |
343.732 |
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Capital and
reserves |
205.510 |
477.398 |
476.622 |
|
Change capital and
reserves |
-56,95% |
0,16% |
-4,29% |
|
change
short term liabilities |
27,12% |
-8,93% |
1,86% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
Capital and reserves 2011
205.510
Total debt 2011
1.324.281
Current ratio 2011
1,01
Quick ratio 2011
0,36
Nett workingcapital 2011
15.785
Profitability Negative
Solvency Moderate
Liquidity Own
resources are worn out
Balance sheet
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BOOKYEAR |
2011 |
2010 |
2009 |
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End of bookyear |
30-06-2011 |
30-06-2010 |
30-06-2009 |
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Tangible assets |
189.546 |
152.251 |
155.809 |
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Financial assets |
179 |
2.511 |
10.414 |
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Fixed assets |
189.725 |
154.762 |
166.223 |
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Stocks and work in
progress |
866.933 |
791.234 |
793.887 |
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Accounts receivable |
415.552 |
483.465 |
584.022 |
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Liquid assets |
57.581 |
105.007 |
109.733 |
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Current assets |
1.340.066 |
1.379.706 |
1.487.642 |
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Total assets |
1.529.791 |
1.534.468 |
1.653.865 |
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Capital and
reserves |
205.510 |
477.398 |
476.622 |
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Long term
liabilities |
|
15.277 |
33.333 |
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Total short term
debt |
1.324.281 |
1.041.793 |
1.143.910 |
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Total debt |
1.324.281 |
1.057.070 |
1.177.243 |
|
Total Liabilities |
1.529.791 |
1.534.468 |
1.653.865 |
History
Modifications Issued
capital changed to EUR 9.120,00 Paid up capital changed to EUR
9.120,00.
Per 21-6-2012
statutes modified. Office changed to: Goirle.
Company structure
C.A.M. Horsten Beheersmaatschappij Waalwijk B.V. (18115792)
GOIRLE
Beheer- en Exploitatiemaatschappij Lennies B.V. (18028718)
GOIRLE
Subsidiary
C.A.M. Horsten
Belegging B.V. (18039074)
GOIRLE
Subsidiary (100%)
Burkely B.V.
(18058274)
GOIRLE
Subsidiary
Horsten Lederwaren
B.V. (18104115)
Goirle
Subsidiary (100%)
Otazu Bags B.V.
(18090392)
GOIRLE
Management relation (100%)
Diforza
Vastgoedontwikkeling B.V. (17224783)
GOIRLE
Management relation (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
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 |
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NB |
New Business |
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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.