MIRA INFORM REPORT
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Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
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Name : |
B.V. VERPAKKINGSINDUSTRIE VEENENDAAL |
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Registered Office : |
Postbus 35, 3900AA
Veenendaal |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.12.1982 |
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Com. Reg. No.: |
30024438 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of packaging
materials |
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No. of Employees
: |
47 |
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 : |
€ 125.000 |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Netherlands |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
CONTACT INFORMATION
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Company name |
B.V.
Verpakkingsindustrie Veenendaal |
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Tradename |
B.V. Verpakkingsindustrie Veenendaal |
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Address |
Wageningselaan 98 |
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|
3903LA Veenendaal |
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|
Netherlands |
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Mail address |
Postbus 35 |
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3900AA Veenendaal |
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Netherlands |
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Telephone number |
0318550333 |
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Telefax number |
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E-mail address |
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Website |
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VAT number / RSIN |
005989176 |
CREDIT LIMIT
Credit limit A credit of € 125.000 may be granted
COMPANY INFORMATION
Handelsregisternummer
30024438
Registered
in Chamber of commerce Midden-Netherlands
Act of foundation 14-12-1982
Date of constitution 15-02-1953
Continuation date 01-01-1983
Last change in statutes 31-08-1994
Legal form Besloten
Venootschap (Limited Company)
Place of constitution Veenedaal
|
Capital |
EUR
113.445,05 |
|
Issued capital |
EUR
36.302,42 |
|
Paid up capital |
EUR
36.302,42 |
NACE-code Wholesale of packaging materials (51913)
SBI-code Wholesale of packaging materials (46696)
Formal objective Groothandel in, -de im- en export van- en de
verwerking van
verpakkingsmaterialen met al hetgeen
daartoe behoort en/of daarmede in
verband staat, alles in de ruimste zin des woords.
(Wholesale, import and-export and processing packaging
materials in all, what is for this purpose belongs, and /
or therewith to in connected, all
in the broadest sense.)
Employees Total: 47
Employees according to CoC Chamber of commerce: 47
Bookyear 2012 2010 2009
Number 47 44 47
Change 6,82% -6.38% -7,84%
COMPANY STRUCTURE
Shareholder V.I.V. Productie B.V.
Wageningselaan
98
3903LA
VEENENDAAL
Netherlands
KvK: 30244891
Active
since: 18-08-2008 Percentage: 100.00%
Holding company V.I.V. Beheer B.V.
Wageningselaan
98
3903LA
VEENENDAAL KvK: 30081671
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Bank |
ABN
Amro Bank NV |
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|
Account
number: 48.36.03.120 |
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|
ING
Bank NV |
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Account
number: 434158 |
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Real estate |
Group-property
owned |
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The
real estate is checked at the land registration office |
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Object
code: VEENENDAAL E 960 |
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Owner:
V I V BEHEER BV |
Management
W. van Kesteren
Weinand
Authorization: Fully
authorized
Position: Manager
Date appointed: 01-06-1988
Date of birth: 16-12-1961
H. van Kesteren Harmen
Authorization: Limited
authorization
Position: Manager
Date appointed: 18-07-1994
Date of birth: 18-09-1965
W. van Kesteren
Weinand
Resigned
Authorization: Fully
authorized
Position: Manager
Date appointed: 01-06-1988
Date of birth: 16-12-1961
H. van Kesteren
Harmen
Resigned
Authorization: Fully
authorized
Position: Manager
Date appointed: 18-07-1994
Date of birth: 18-09-1965
PAYMENT INFORMATION
Payment experiences Payments are regular, no complaints are
known
Payments Based on multiple payment
experiences up to € 15.000
·
Quarter:
2 2011: 46 Average days
·
Quarter:
3 2011: 47 Average days
·
Quarter:
4 2011: 43 Average days
·
Quarter:
1 2012: 43 Average days
|
|
invoices |
current quarter |
2011
Q4 |
2011
Q3 |
2011
Q2 |
|
|
Total |
89 |
100% |
40.261 |
40.261 |
39.918 |
40.965 |
|
Within terms |
60 |
65,9% |
26.538 |
26.538 |
28.879 |
24.586 |
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Delayed 0 - 30 |
27 |
34,1% |
13.723 |
13.723 |
10.182 |
16.379 |
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Delayed 31 - 60 |
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Delayed 61 - 90 |
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Delayed 91 - 120 |
1 |
0,0% |
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|
343 |
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Delayed 120+ days |
1 |
0,0% |
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|
514 |
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FINANCIAL INFORMATION
Publication
financial statement
·
Annual
accounts 2010 are published on 18-11-2011
·
Annual
accounts 2009 are published on 25-08-2010
·
Annual
accounts 2008 are published on 26-02-2010
·
Annual
accounts 2007 are published on 02-09-2008
Type of publication Corporate
Publication Steady
CORE FIGURES
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BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,53 |
1,40 |
0,63 |
|
Current ratio |
1,20 |
2,44 |
1,27 |
|
Nett workingcapital / Balance
total |
0,10 |
0,40 |
0,14 |
|
Capital and reserves / Balance
total |
0,41 |
0,64 |
0,45 |
|
Capital and reserves / Fixed
assets |
1,01 |
1,97 |
1,25 |
|
Solvency |
0,74 |
2,33 |
0,90 |
|
Nett workingcapital |
506.000 |
1.485.000 |
642.000 |
|
Capital and reserves |
2.074.000 |
2.398.000 |
2.127.000 |
|
Change capital and reserves |
-13,51% |
12,74% |
-29,34% |
|
change short term liabilities |
147,57% |
-56,47% |
35,89% |
|
Operating profit |
187.000 |
413.000 |
315.000 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2010
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Type of publication |
Corporate |
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|
Gross profit |
2010: |
4.940.000 |
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2009: |
5.061.000 |
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2008: |
5.386.000 |
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2007: |
5.832.000 |
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2006: |
5.292.000 |
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2005: |
5.526.000 |
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Operating profit |
2010: |
187.000 |
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2009: |
413.000 |
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2008: |
315.000 |
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2007: |
1.315.000 |
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2006: |
660.000 |
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2005: |
666.000 |
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Result after taxes |
2010: |
140.000 |
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2009: |
270.000 |
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2008: |
117.000 |
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2007: |
942.000 |
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2006: |
361.000 |
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2005: |
376.000 |
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Tendency
Capital and reserves 2010 2.074.000
Total debt 2010 3.039.000
Current ratio 2010 1,20
Quick ratio 2010 0,53
Nett workingcapital 2010 506.000
Profitability Positive
Solvency positive
BALANCE sheet
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BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Tangible assets |
927.000 |
1.220.000 |
1.699.000 |
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Financial assets |
1.130.000 |
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Fixed assets |
2.057.000 |
1.220.000 |
1.699.000 |
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Stocks and work in progress |
1.696.000 |
1.073.000 |
1.529.000 |
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Accounts receivable |
1.068.000 |
954.000 |
1.314.000 |
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Liquid assets |
292.000 |
488.000 |
165.000 |
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Current assets |
3.056.000 |
2.515.000 |
3.008.000 |
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Total assets |
5.113.000 |
3.735.000 |
4.708.000 |
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|||
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Capital and reserves |
2.074.000 |
2.398.000 |
2.127.000 |
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Provisions |
242.000 |
307.000 |
214.000 |
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other long term debts |
248.000 |
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Long term liabilities |
248.000 |
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Other short term debts |
2.550.000 |
1.030.000 |
2.366.000 |
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Total short term debt |
2.550.000 |
1.030.000 |
2.366.000 |
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Total debt |
3.039.000 |
1.337.000 |
2.580.000 |
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Total Liabilities |
5.113.000 |
3.735.000 |
4.708.000 |
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PROFIT & LOSS ACCOUNT |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Gross profit |
4.940.000 |
5.061.000 |
5.386.000 |
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Wages employees |
1.971.000 |
1.957.000 |
2.646.000 |
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Depreciation and amortization |
580.000 |
599.000 |
603.000 |
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Other operating charges |
2.201.000 |
|
1.822.000 |
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Operating charges |
4.753.000 |
2.092.000 |
5.071.000 |
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Operating profit |
187.000 |
413.000 |
315.000 |
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Financial income |
3.000 |
|
18.000 |
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Financial charges |
85.000 |
85.000 |
123.000 |
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Financial result |
-82.000 |
-84.000 |
-105.000 |
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Result before taxes |
105.000 |
328.000 |
210.000 |
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Income taxes |
-34.000 |
58.000 |
104.000 |
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Result after taxes |
140.000 |
270.000 |
106.000 |
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Taxes on extraordinary result |
|
|
12.000 |
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Extraordinary result after taxes |
|
|
12.000 |
|
Nett result |
140.000 |
270.000 |
117.000 |
Company structure
V.I.V. Beheer B.V. (30081671)
VEENENDAAL
B.V. Verpakkingsindustrie
Veenendaal (30024438)
Veenendaal Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
UK Pound |
1 |
Rs.77.47 |
|
Euro |
1 |
Rs.64.39 |
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 |
---- |
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.