MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ARGOLANDA B.V. |
|
|
|
|
Registered Office : |
Weena 693, 3013AM
Rotterdam, Netherlands |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
20.09.1926 |
|
|
|
|
Com. Reg. No.: |
24024531 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
Wholesale of hides and
skins |
|
|
|
|
No. of Employees : |
18 |
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 : |
Satisfactory |
|
Payment Behaviour : |
Regular |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONTACT INFORMATION
|
Company name |
Argolanda B.V. |
|
Tradename |
Argolanda B.V. |
|
Address |
Weena 693 |
|
|
3013AM Rotterdam |
|
|
Netherlands |
|
Mail address |
Postbus 45 |
|
|
3000AA Rotterdam |
|
|
Netherlands |
|
Telephone number |
0102800000 |
|
Telefax number |
0104045794 |
|
E-mail address |
|
|
Website |
argolanda.nl |
|
VAT number / RSIN |
001836936 |
CREDIT LIMIT
Credit limit Risk factor
A credit of € 100.000 may be
granted Decreased
COMPANY INFORMATION
Handelsregisternummer 24024531
Registered in Chamber of commerce Rotterdam
First registration 20- 09-1926
Act of foundation 29-06-1926
Date of constitution 29-06-1926
Continuation date 21- 03-1972
Last change in statutes 02-05-1988
Legal form Besloten Vennootschap
Place of constitution Rotterdam
|
Capital |
EUR 1.134.450,54 |
|
||
|
Issued capital |
EUR 281.343,73 |
|
||
|
Paid up capital |
EUR 281.343,73 |
|
||
|
NACE-code |
Wholesale of hides and
skins (51241) |
|
||
|
SBI-code |
Wholesale of hides and
skins (46241) Groothandel in chemische
grondstoffen en chemicalien voor industriele toepassing (46751) |
|
||
|
Formal objective |
Groothandel (im- en
export) in bewerkte en onbewerkte huiden en dierevellen alsmede groothandel
(im- en export) in chemicalien. |
|
||
|
Import |
The whole world |
|
||
|
Export |
The whole world |
|
||
|
Employees |
Total: 18 |
|
|
|
Employees according to
CoC |
Chamber of commerce: 18 |
|
|
|
Bookyear |
2012 |
2010 |
2009 |
|
Number |
18 |
11 |
11 |
|
Change |
63,64% |
0,00% |
-38,89% |
COMPANY STRUCTURE
|
Shareholder |
Argolanda Beheer B.V. |
|
|
Weena 693 |
|
|
3013AM ROTTERDAM |
|
|
Netherlands |
|
|
KvK: 24158802 |
|
|
Active since: 02-12-1985 |
|
|
Percentage: 100.00% |
|
Holding company |
Argolanda Beheer B.V. |
|
|
Weena 693 |
|
|
3013AM ROTTERDAM |
|
|
KvK: 24158802 |
|
Affiliated companies |
Granneman Trading B.V. |
|
|
Weena 693 |
|
|
3013AM ROTTERDAM |
|
|
KvK: 24146359 |
|
Bank |
ABN Amro Bank NV |
|
|
Account number:
42.62.95.986 |
|
|
ABN Amro Bank NV |
|
|
Account number:
42.60.69.048 |
MANAGEMENT
Management C.E.J. Granneman
Christiaan Ernest Johannes
Authorization: Fully authorized
Position: Manager
Date appointed: 30-06-1988
Date of birth: 26-04-1957
L.T.W.M. Granneman
Leonardus Theodorus Wilhelmus
Authorization: Fully authorized
Position: Manager
Date appointed: 30-06-1988
Date of birth: 12-08-1952
F.J.M. Driever
Fredericus Johannes Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-1993
Date of birth: 17-10-1955
J.C.N. van Mullem
Johannes Cornelis Nicolaas
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-1993
Date of birth: 01-02-1959
PAYMENT INFORMATION
Payment experiences Payments are regular
Payments Based on multiple payment experiences up to €
15.000
Quarter: 2 2011: 52 Average days
Quarter: 3 2011: 65 Average days
Quarter: 4 2011: 55 Average days
Quarter: 1 2012: 56 Average days
|
|
invoices |
current quarter |
2011 Q4 |
2011 Q3 |
2011 Q2 |
|
|
Total |
45 |
100% |
8.896 |
8.784 |
9.457 |
8.616 |
|
Within terms |
16 |
29,7% |
2.638 |
2.923 |
1.212 |
3.351 |
|
Delayed 0 - 30 |
29 |
70,3% |
6.258 |
5.861 |
8.245 |
5.265 |
|
Delayed 31 - 60 |
|
|
|
|
|
|
Delayed 61 - 90 Delayed 91 - 120
Delayed 120+ days
FINANCIAL INFORMATION
Auditor Ernst & Young
Publication financial statement Annual accounts 2010 are published on
15-07-2011
Annual accounts 2009 are published on 23-07-2010
Annual accounts 2008 are published on 13-07-2009
Annual accounts 2007 are published on 22-07-2008
Type of publication Corporate
Publication Steady
CORE FIGURES
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,65 |
0,75 |
1,05 |
|
Current ratio |
1,27 |
1,22 |
1,27 |
|
Nett workingcapital /
Balance total |
0,21 |
0,18 |
0,21 |
|
Capital and reserves /
Balance total |
0,21 |
0,15 |
0,19 |
|
Capital and reserves /
Fixed assets |
13,80 |
24,31 |
8,64 |
|
Solvency |
0,27 |
0,18 |
0,24 |
|
Nett workingcapital |
913.000 |
771.000 |
638.000 |
|
Capital and reserves |
897.000 |
632.000 |
579.000 |
|
Change capital and
reserves |
41,93% |
9,15% |
8,22% |
|
change short term
liabilities |
-3,12% |
44,70% |
10,32% |
|
Operating profit |
392.000 |
129.000 |
122.000 |
|
Profitability operating
profit |
positive |
positive |
positive |
Annual accounts The company is obligated to publish
its annual accounts
Last annual accounts 2010
|
Type of publication |
Corporate |
|
|
Gross profit |
2010: |
1.875.000 |
|
|
2009: |
1.291.000 |
|
|
2008: |
1.394.000 |
|
|
2007: |
1.750.000 |
|
|
2006: |
1.488.000 |
|
Operating profit |
2010: |
392.000 |
|
|
2009: |
129.000 |
|
|
2008: |
122.000 |
|
|
2007: |
-63.000 |
|
|
2006: |
-429.000 |
|
Result after taxes |
2010: |
265.000 |
|
|
2009: |
53.000 |
|
|
2008: |
44.000 |
|
|
2007: |
65.000 |
|
|
2006: |
-359.000 |
Tendency
Tendency capital and reserves
Capital and reserves 2010 897.000
Total debt 2010 3.437.000
Current ratio 2010 1,27
Quick ratio 2010 0,65
Nett workingcapital 2010 913.000
Profitability Positive
Solvency Reasonable
balance
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Tangible assets |
65.000 |
26.000 |
67.000 |
|
Fixed assets |
65.000 |
26.000 |
67.000 |
|
|
|||
|
Stocks and work in progress |
2.087.000 |
1.621.000 |
513.000 |
|
Accounts receivable |
2.179.000 |
2.497.000 |
2.517.000 |
|
Liquid assets |
3.000 |
117.000 |
2.000 |
|
Current assets |
4.269.000 |
4.235.000 |
3.032.000 |
|
Total assets |
4.334.000 |
4.261.000 |
3.099.000 |
|
|
|||
|
Capital and reserves |
897.000 |
632.000 |
579.000 |
|
Provisions |
81.000 |
165.000 |
126.000 |
|
Other short term debts |
3.356.000 |
3.464.000 |
2.394.000 |
|
Total short term debt |
3.356.000 |
3.464.000 |
2.394.000 |
|
Total debt |
3.437.000 |
3.629.000 |
2.520.000 |
|
Total Liabilities |
4.334.000 |
4.261.000 |
3.099.000 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Gross profit |
1.875.000 |
1.291.000 |
1.394.000 |
|
Wages employees |
553.000 |
578.000 |
600.000 |
|
Depreciation and
amortization |
31.000 |
42.000 |
44.000 |
|
Other operating charges |
899.000 |
542.000 |
628.000 |
|
Operating charges |
1.483.000 |
1.162.000 |
1.272.000 |
|
Operating profit |
392.000 |
129.000 |
122.000 |
|
Financial charges |
50.000 |
62.000 |
65.000 |
|
Financial result |
-50.000 |
-62.000 |
-65.000 |
|
Result before taxes |
342.000 |
67.000 |
57.000 |
|
Income taxes |
77.000 |
14.000 |
13.000 |
|
Result after taxes |
265.000 |
53.000 |
44.000 |
|
Nett result |
265.000 |
53.000 |
44.000 |
Company structure
• Argolanda Beheer B.V. (24158802)
ROTTERDAM
o Argolanda B.V. (24024531)
Rotterdam
Subsidiary (100%) o Granneman
Trading B.V. (24146359)
ROTTERDAM
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.28 |
|
|
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.65.58 |
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.