MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOUDSCHE MACHINEFABRIEK B.V. |
|
|
|
|
Registered Office : |
Coenecoop 88, 2741PD Waddinxveen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
30.12.1974 |
|
|
|
|
Com. Reg. No.: |
29019468 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of packaging machines Manufacturer of machinery for food |
|
|
|
|
No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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) |
|
Netherlands |
A2 |
A2 |
|
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 |
CONTACT INFORMATION
|
Company name |
Goudsche Machinefabriek B.V. |
|
|
|
|
Tradename |
Royal
GMF-Gouda |
|
|
|
|
Address |
Coenecoop
88 |
|
|
2741PD
Waddinxveen |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus
375 |
|
|
2740AJ
Waddinxveen |
|
|
Netherlands |
|
Telephone number |
0182623723 |
|
Telefax number |
0182619217 |
|
E-mail address |
|
|
Website |
|
|
|
|
|
VAT number / RSIN |
003218387 |
COMPANY INFORMATION
Handelsregisternummer 29019468
Registered in Chamber
of commerce Rotterdam
Act of foundation 30-12-1974
Date of constitution 09-02-1909
Continuation date 30-12-1974
Last change in statutes 27-09-2002
Legal form Besloten
Vennootschap (Limited Company)
|
Place of
constitution |
Waddinxveen |
|
|
Issued capital |
113.750 |
|
|
Paid up capital |
113.750 |
|
|
Legal form at first
registration |
Besloten
Vennootschap |
|
|
NACE-code |
Manufacture
of packaging machines (292401) Manufacture of machinery for food (2953) |
|
SBI-code |
Manufacture
of other general-purpose machinery and equipment n.e.c. (2829) |
|
Formal objective |
Het
ontwerpen, vervaardigen, leveren, installe- ren en in bedrijf stellen van- en
de handel in machinery, apparaten, alle soorten metaalwerken en onderdelen
daarvan, alsmede het deelnemen in het zich op andere wijze interesseren bij,
en het voeren van beheer over andere onderne- mingen met een gelijk of
aanverwant objective, het zich verbinden voor verplichtingen van onderne-
mingen, waarmede zij in een groep is verbonden en het verrichten van al
hetgeen met het voren- staande in de ruimste zin verband of daartoe
bevorderlijk kan zijn. |
|
Import |
Whole
world |
|
Export |
Whole
world |
|
Employees |
Total:
150 |
|
|
|
Employees according
to CoC |
Chamber
of commerce: 150 |
|
|
|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
150 |
160 |
160 |
|
Change |
-6,25% |
0,00% |
2,56% |
COMPANY STRUCTURE
|
Shareholder |
Beheermaatschappij
"G.M.F." B.V. |
|
|
Coenecoop
88 |
|
|
2741PD
Waddinxveen |
|
|
Netherlands |
|
|
KvK:
29023385 |
|
|
Active
since: 20-03-1980 |
|
|
Percentage:
100.00% |
|
|
|
|
Ultimate parent company |
Andritz
AG |
|
|
990005438165 |
|
|
|
|
Holding company |
Beheermaatschappij
"G.M.F." B.V. |
|
|
Coenecoop
88 |
|
|
2741PD
Waddinxveen |
|
|
KvK:
29023385 |
|
|
|
|
Affiliated companies |
Vastgoedmaatschappij
"G.M.F." B.V. |
|
|
Coenecoop
88 |
|
|
2741PD
WADDINXVEEN |
|
|
KvK:
29033825 |
Bank ABN Amro Bank NV
Fortis Bank (Netherlands) NV
ING Bank NV
Account number: 14693
Real estate Lease
The real estate is
checked at the land registration office
Object code: WADDINXVEEN E 505
Owner: Vastgoedmaatschappij G.M.F. Bv
MANAGEMENT
Management C.D.
Barendrecht
Cornelis Dirk
Authorization: Limited authorization (max: €
1.000.000)
Position: Manager
Date appointed: 01-01-2007
Date of birth: 30-09-1957
H. Frankena
Hidde
3862 PP
Authorization: Fully authorized
Position: Manager
Date appointed: 27-06-2003
Date of birth: 21-09-1961
Other
directorships:
- Manager: Foundation Board van Overleg in
de Metalektro - Leidschendam (KvK:
41149603)
- Manager: Association FME-CWM - Zoetermeer
(KvK: 40413607)
A.J. Boer
Arnold Johannes
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-01-2007
Date of birth: 08-03-1969
M.A.J. Boer
Martinus Adrianus Johannes
Authorization: Limited authorization
Position: Proxy
Date appointed: 15-11-2010
Date of birth: 09-05-1966
A. Bouwmeester
Arthur
2752 BG
Authorization: Limited authorization (max: €
500.000)
Position: Proxy
Date appointed: 28-06-2000
Date of birth: 26-12-1966
K. Eefting
Kornelis
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-01-2007
Date of birth: 11-10-1949
M.F. Esveldt - de Lange
Maria Frieda
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-01-2010
Date of birth: 21-07-1953
A. de Jager
Alexander
Authorization: Limited authorization (max: €
500.000)
Position: Proxy
Date appointed: 28-06-2000
Date of birth: 26-07-1957
N.J. Kottmann
Nicolaas Johannes
Authorization: Limited authorization (max: €
150.000)
Position: Proxy
Date appointed: 01-11-2001
Date of birth: 09-10-1949
A.J. van Leijden
Arnold Jacobus
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-11-2008
Date of birth: 21-07-1966
M.P. Maingay
Menno Pieter
Authorization: Limited authorization (max: €
150.000)
Position: Proxy
Date appointed: 15-01-2010
Date of birth: 11-04-1969
M.J.H.M. ter Meulen
Martinus Jan Hendrik Maria
Authorization: Limited authorization (max: €
250.000)
Position: Proxy
Date appointed: 28-05-2002
Date of birth: 29-01-1952
R. Moria
Robert
2967 GE
Authorization: Limited authorization (max: €
1.000.000)
Position: Proxy
Date appointed: 28-06-2000
Date of birth: 03-04-1950
A.C.M. Olsthoorn
Adrianus Cornelis Maria
2802 CM
Authorization: Limited authorization (max: €
25.000)
Position: Proxy
Date appointed: 01-09-2001
Date of birth: 08-12-1949
P.C. van Oosterhout
Authorization: Limited authorization (max: €
150.000)
Position: Proxy
Date appointed: 01-01-2010
Date of birth: 19-04-1967
H.J. Rodenburg
Hendrik Johannes
Authorization: Limited authorization (max: €
150.000)
Position: Proxy
Date appointed: 01-09-2001
Date of birth: 09-08-1964
A.J.A. Schwartz
Alexander Jacobus Albertus
3544 Dh
Authorization: Limited authorization (max: €
150.000)
Position: Proxy
Date appointed: 01-07-2011
Date of birth: 06-07-1972
R.C. de Vries
Remko Christiaan
Authorization: Limited authorization (max: €
250.000)
Position: Proxy
Date appointed: 01-01-2010
Date of birth: 31-08-1974
PAYMENT INFORMATION
Payments Based
on multiple payment experiences up to € 17.500
FINANCIAL INFORMATION
Publication financial statement Annual
accounts 2011 are published on 14-08-2012
Annual accounts 2010 are published on
27-06-2011
Annual accounts 2009 are published on
01-07-2010
Annual accounts 2008 are published on
22-07-2009
Annual accounts 2007 are published on
27-06-2008
Type of publication Consolidated
Annual accounts van Goudsche
Machinefabriek B.V.
Coenecoop 88
2741PD Waddinxveen
KvK: 29019468
Publication Publication according to
obligations by law
Core Figures
|
BOOK YEAR |
2011 |
2010 |
2009 |
|
Quick Ratio |
1,40 |
1,21 |
1,17 |
|
Current Ratio |
1,75 |
1,82 |
1,90 |
|
Nett Working
Capital / Balance Total |
0,40 |
0,41 |
0,41 |
|
Capital
and Reserves / Balance Total |
0,43 |
0,48 |
0,49 |
|
Capital
and Reserves / Fixed
assets |
6,72 |
4,95 |
4,01 |
|
Solvency |
0,80 |
0,96 |
1,05 |
|
Nett Working
capital |
12.114.670 |
7.453.714 |
6.700.986 |
|
Capital
and Reserves |
12.939.419 |
8.716.196 |
7.868.251 |
|
Change Capital and Reserves |
48,45% |
10,78% |
5,85% |
|
change short
term liabilities |
76,60% |
21,71% |
-26,26% |
|
Operating
profit |
5.615.788 |
1.047.184 |
678.045 |
|
Profitability
operating profit |
positive |
positive |
positive |
Annual accounts The company is obligated to publish its annual accounts
Last annual accounts
2011
|
Type of publication |
Corporate |
|
|
Gross profit |
2011: |
23.077.231 |
|
|
2010: |
16.044.826 |
|
|
2009: |
15.188.518 |
|
|
2008: |
19.344.725 |
|
|
2007: |
16.639.394 |
|
|
2006: |
14.862.000 |
|
Operating profit |
2011: |
5.615.788 |
|
|
2010: |
1.047.184 |
|
|
2009: |
678.045 |
|
|
2008: |
2.840.742 |
|
|
2007: |
2.226.131 |
|
|
2006: |
719.000 |
|
Result after taxes |
2011: |
4.210.285 |
|
|
2010: |
808.406 |
|
|
2009: |
450.606 |
|
|
2008: |
2.084.173 |
|
|
2007: |
1.573.049 |
|
|
2006: |
415.000 |
Tendency changeable
Tendency capital
and reserves
Total debt 2011 17.128.959
Current ratio 2011 1,75
Quick ratio 2011 1,40
Nett workingcapital 2011 12.114.670
Profitability More than sufficient
Solvency Positive
Liquidity Positive
Currency euro
Balance sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
1 |
1 |
1 |
|
Tangible assets |
1.873.522 |
1.640.118 |
1.829.526 |
|
Financial assets |
52.941 |
120.450 |
134.573 |
|
Fixed assets |
1.926.464 |
1.760.569 |
1.964.100 |
|
|
|||
|
Stocks and work in
progress |
5.745.365 |
5.556.415 |
5.414.625 |
|
Trade debtors |
13.383.115 |
8.695.158 |
6.144.468 |
|
Other amounts
receivable |
1.501.330 |
1.120.525 |
1.049.417 |
|
Accounts receivable |
14.884.445 |
9.815.683 |
7.193.885 |
|
Liquid assets |
7.575.397 |
1.193.159 |
1.578.837 |
|
Current assets |
28.205.207 |
16.565.257 |
14.187.347 |
|
Total assets |
30.131.671 |
18.325.826 |
16.151.447 |
|
|
|||
|
Minority interest |
63.293 |
65.314 |
55.913 |
|
Capital and
reserves |
12.939.419 |
8.716.196 |
7.868.251 |
|
Provisions |
1.038.422 |
432.773 |
740.922 |
|
Trade debts
suppliers |
3.627.664 |
2.882.146 |
1.322.859 |
|
Other short term
debts |
12.462.873 |
6.229.397 |
6.163.502 |
|
Total short term
debt |
16.090.537 |
9.111.543 |
7.486.361 |
|
Total debt |
17.128.959 |
9.544.316 |
8.227.283 |
|
Total Liabilities |
30.131.671 |
18.325.826 |
16.151.447 |
|
|
|||
|
PROFIT & LOSS
ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
23.077.231 |
16.044.826 |
15.188.518 |
|
Wages employees |
10.089.936 |
9.354.886 |
8.948.264 |
|
Depreciation and
amortization |
523.776 |
499.503 |
523.311 |
|
Other operating
charges |
6.847.731 |
5.143.253 |
5.038.898 |
|
Operating charges |
17.461.443 |
14.997.642 |
14.510.473 |
|
Operating profit |
5.615.788 |
1.047.184 |
678.045 |
|
Financial income |
61.840 |
34.180 |
75.399 |
|
Financial charges |
42.618 |
60.587 |
45.891 |
|
Financial result |
19.222 |
-26.407 |
29.508 |
|
Result before taxes |
5.635.010 |
1.020.777 |
707.553 |
|
Income taxes |
1.388.745 |
202.971 |
262.120 |
|
Result after taxes |
4.246.265 |
817.806 |
445.433 |
|
Nett result |
4.210.285 |
808.406 |
450.606 |
|
Income attributable
to minority interest |
35.980 |
9.400 |
-5.173 |
History
History
Management Per
10-12-2012 is Commissaris Jurriaan Geurt Gaarlandt out of office.
Per 10-12-2012 is Commissaris Walterus Alphonsus
Marie de Bruijn out of office.
Per 10-12-2012 is Commissaris Jozefine
Elisabeth Hupkes out of office.
Per 30-12-2011 is Proxy Antonius Henricus
Nico van de Pol out of office.
Per 01-07-2011 is Proxy Alexander Jacobus
Albertus Schwartz appointed.
Per 15-11-2010 is Proxy Johannes Cornelis
van Venrooij out of office.
Per 15-11-2010 is Proxy Martinus Adrianus
Johannes Boer appointed.
Per 01-01-2010 is Proxy Maria Frieda
Esveldt-de Lange appointed.
Per 01-01-2010 is Commissaris Jurriaan Geurt
Gaarlandt appointed.
Per 15-01-2010 is Proxy Menno Pieter Maingay
appointed.
Per 01-01-2010 is Proxy Patrick Cornelis van
Oosterhout appointed.
Per 01-01-2010 is Proxy Remko Christiaan de
Vries appointed.
Per 01-01-2002 is Commissaris Jozefine
Elisabeth Hupkes out of office.
Per 31-12-2009 is Proxy Alexander Jacobus
Albertus Schwartz out of office.
Per 31-12-2009 is Commissaris Karel Hendrik
Gaarlandt out of office.
Per 30-11-2009 is Proxy Frans Robert Niewold
out of office.
Company structure
Andritz AG (990005438165)
Andritz Feed & Biofuel B.V. (17045790)
GELDROP
Subsidiary
Andritz B.V. (16021340)
DEN HELDER
Subsidiary
Personeelsvereniging ANDRITZ FEED & BIOFUEL B.V. (54307309)
GELDROP
Management relation
Andritz Thermtec Holding B.V. (24261382)
ROTTERDAM
Subsidiary
Andritz Thermtec B.V. (24142783)
ROTTERDAM
Subsidiary
Beheermaatschappij "G.M.F." B.V. (29023385)
Waddinxveen
Subsidiary
Goudsche Machinefabriek B.V. (29019468)
Waddinxveen
Subsidiary
Vastgoedmaatschappij "G.M.F." B.V. (29033825)
WADDINXVEEN
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
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 |
|
---- |
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.