MIRA INFORM REPORT

 

 

Report Date :

28.11.2012

 

IDENTIFICATION DETAILS

 

Name :

P.J. VAN DEN BROEK ROTTERDAM HOLDING B.V.

 

 

Registered Office :

Hongkongstraat Rotterdam 22  3047BS

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.05.1991

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

Financial holdings

 

 

No. of Employees :

1

 

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

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

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

 REGISTERED NAME & COMPANY SUMMARY

 

Chamber of commerce number

24189182

Company name

P.J. VAN DEN BROEK ROTTERDAM HOLDING B.V.

 

 

Branch number

000001243438

Street

Hongkongstraat

RSIN Number

001224098

City

ROTTERDAM

House or po box number

22

Telephone number

010 2983888

Post code

3047BS

Company type

Private limited liability company (BV) with ordinary structure

Establishment date

27/05/1991

 

Trading name

P.J. van den Broek Rotterdam Holding B.V.

Office type

Main Office

Street

Hongkongstraat

House or po box number

22

City

ROTTERDAM

Post code

3047BS

Telephone number

010 2983888

Web address

 

Company Status

Active

Company type

Private limited liability company (BV) with ordinary structure

Date of company type change

27/05/1991

Establishment date

27/05/1991

Activity code

6420

Activity description

Financial holdings

Exporter

no

Importer

yes

Ceased trading date

 

Continuance date

 

Date of latest accounts

31/12/2011

 

 

 

Mailing address details

 

Street

Postbus

House or po box number

11378

City

ROTTERDAM

Post code

3004EJ

 

 

DIRECTORS/MANAGEMENT

 

Director information

R.J.W. Hendriks

 

Director details

this product is only available for Belgium & Dutch customers.

 

 

NEGATIVE INFORMATION

 

Court Data Summary

Court action

no

 

 

Court data

There is no data for this company

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital details

Nominal capital

 

Placed capital

18,000

Deposited capital

18,000

 

 

 

 

PAYMENT INFORMATION

 

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

 

N/A

10

Company DBT

NL Average DBT

Steady

Improving

Worsening

Within terms 91 + Days

 

 

Leave payment experience for this company:

Payment expectations summary

 

Payment expectation days

 

Day sales outstanding

 

Industry average payment expectation days

53.04

Industry average day sales outstanding

52.86

Suspension of payments / moratorium

no

 

Suspension of payments / moratorium history

 

Date

 

Details

 

 

Payment expectations

 

Payment expectations days

 - This is the guideline expectation based upon our analysis as to this companies paymAent behaviour in this industry

Day sales outstanding

 - The number of days it takes this company to collect their debts

 

Industry comparison

 

Activity code

6420

Activity description

Financial holdings

Industry average payment expectations days

53.04 - This is the guideline expectation based upon our analysis as to this companies payment behaviour in this industry

Industry average days sales outstanding

52.86 - Number of days it takes a company to collect their debt (industry average)

 

Industry quartile analysis

 

Payment expectations

View graph

Company result

 

Lower

23.54

Median

43.82

Upper

63.53

Day sales outstanding

View graph

Company result

 

Lower

11.15

Median

24.39

Upper

40.23

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate holding company

Company name

 

Company Number

companies View linked from outside this company's group structure

P.J. van den Broek Rotterdam Holding B.V.

 

24189182

No linked companies have been found.

 

Summary

Group - Number of Companies

2

Linkages - Number of Companies

0

Number of Countries

0

 

Ultimate holding company

Name

P.J. van den Broek Rotterdam Holding B.V.

 

Group Structure

 

Company name

 

Number

Latest
financials

- P.J. van den Broek Rotterdam Holding B.V.

 

24189182

31-12-2011

- - B.V. Konfektiefabriek en Groothandel in Textiel v/h P.J. van den Broek

 

24012060

31-12-2011

 

 

 

 

 

FINANCIAL INFORMATION

 

Balance sheet

 

Annual accounts

31-12-2011

%

31-12-2010

%

31-12-2009

%

31-12-2008

%

31-12-2007

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Consolidated (y/n)

Y

 

Y

 

Y

 

Y

 

Y

Intangible fixed assets

-

-

-

-

-

-

-

-

-

Tangible fixed assets

1,760,526

1.7%

1,731,296

1.5%

1,706,046

-3.1%

1,761,223

-1.7%

1,792,565

Financial fixed assets

0

-100%

250

0.00 %

250

0.00 %

250

0.00 %

250

Total fixed assets

1,760,526

1.7%

1,731,546

1.5%

1,706,296

-3.1%

1,761,473

-1.7%

1,792,815

Inventories

1,005,852

23.3%

815,746

13.5%

718,527

9.1%

658,542

2.7%

641,224

Trade Debtors

-

-

-

-

-

-

-

-

-

Other receivables

230,351

-9.6%

254,848

6.6%

238,982

0.9%

236,914

41.1%

167,927

Cash

2,039,931

-36.5%

3,213,527

45.1%

2,214,108

6.5%

2,079,920

21%

1,718,909

Miscellaneous current assets

0

-

0

-

0

-

0

-

0

Total current assets

3,276,134

-23.5%

4,284,121

35.1%

3,171,617

6.6%

2,975,376

17.7%

2,528,060

Trade creditors

-

-

-

-

-

-

-

-

-

Other current liabilities including accruals & defered income

193,331

-37.8%

310,813

38.1%

225,008

-5%

236,816

-21.1%

300,066

Total current liabilities

193,331

-37.8%

310,813

38.1%

225,008

-5%

236,816

-21.1%

300,066

Total provisions

1,641,513

4.8%

1,566,624

6%

1,478,461

5.9%

1,396,305

5%

1,330,149

Subordinated loans

-

-

-

-

-

-

-

-

-

Other long term liabilities

0

-

0

-

0

-

0

-

0

Total long term debts

1,641,513

4.8%

1,566,624

6%

1,478,461

5.9%

1,396,305

5%

1,330,149

Issued share capital

-

-

-

-

-

-

-

-

-

Retained earnings

0

-

0

-

0

-

0

-

0

Revaluation reserve

-

-

-

-

-

-

-

-

-

Other share capital & reserves

3,201,816

-22.6%

4,138,230

30.4%

3,174,444

2.3%

3,103,728

15.4%

2,690,660

Minority interests

-

-

-

-

-

-

-

-

-

Total shareholders equity

3,201,816

-22.6%

4,138,230

30.4%

3,174,444

2.3%

3,103,728

15.4%

2,690,660

Working capital

3,082,803

-22.4%

3,973,308

34.8%

2,946,609

7.6%

2,738,560

22.9%

2,227,994

Net worth

3,201,816

-22.6%

4,138,230

30.4%

3,174,444

2.3%

3,103,728

15.4%

2,690,660

 

Ratio analysis

 

Annual accounts

31-12-2011

%

31-12-2010

%

31-12-2009

%

31-12-2008

%

31-12-2007

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Consolidated (y/n)

Y

 

Y

 

Y

 

Y

 

Y

Trading performance

Results on ordinary operations before taxation margin

-

-

-

-

-

-

-

-

-

Return on capital employed

-

-

-

-

-

-

-

-

-

Return on total assets employed

-

-

-

-

-

-

-

-

-

Return on net assets employed

-

-

-

-

-

-

-

-

-

Sales / net working capital

-

-

-

-

-

-

-

-

-

Operating efficiency

Stock turnover ratio

-

-

-

-

-

-

-

-

-

Debtor days

-

-

-

-

-

-

-

-

-

Creditor days

-

-

-

-

-

-

-

-

-

Short term stability

Current ratio

16.95

23%

13.78

-2.3%

14.10

12.3%

12.56

49%

8.43

Liquidity ratio / acid ratio

11.74

5.2%

11.16

2.4%

10.90

11.5%

9.78

55.5%

6.29

Current debt ratio

0.06

-25%

0.08

14.3%

0.07

-12.5%

0.08

-27.3%

0.11

 

Long term stability

Gearing

51.27

35.4%

37.86

-18.7%

46.57

3.5%

44.99

-9%

49.44

Equity in percentage

63.57

-7.6%

68.79

5.7%

65.08

-0.7%

65.52

5.2%

62.27

Total debt ratio

0.57

26.7%

0.45

-16.7%

0.54

1.9%

0.53

-13.1%

0.61

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Commentary

 

The business was established over 21 years ago.

Neutral

The business has 1 employees.

Neutral

The business is part of a group.

Neutral

The business has been at the address for over 3 years.

Neutral

There has been no significant change in the business's credit rating.

Neutral

The credit limit for this business has decreased from €730000 to €520000.

Negative

The financial statements on file are 10 months old.

Neutral

Net Worth decreased by 22% during the latest trading period.

Negative

The business saw a decrease in their Cash Balance of 36% during the latest trading period.

Neutral

 

Employees details

 

Number of employees

1

 

Industry comparison

 

Activity code

6420

 

 

Activity description

Financial holdings

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.89.34

Euro

1

Rs.72.35

 

 

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%)

 

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.