MIRA
INFORM REPORT
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Report Date : |
22.04.2013o |
IDENTIFICATION DETAILS
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Name : |
HOLLINDIA INTERNATIONAL B.V. |
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Registered Office : |
Drenthehaven 30, 3433PB Nieuwegein |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.05.1993 |
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Com. Reg. No.: |
30113280 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of basic and industrial chemicals |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
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 sixth-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 in 2011. In 2012 tax
revenues dropped nearly 9%, GDP contracted, and the budget deficit
deteriorated. Although jobless claims continued to grow, the unemployment rate
remained relatively low at 6.8 percent.
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Source : CIA |
CONTACTINFORMATION
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Company name |
Hollindia International B.V. |
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Tradename |
Hollindia
International B.V. |
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Address |
Drenthehaven
30 |
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3433PB
Nieuwegein |
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Netherlands |
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Mail address |
Postbus
1221 |
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3430BE
Nieuwegein |
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Netherlands |
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Telephone number |
0306579599 |
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Telefax number |
0306922901 |
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E-mail address |
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Website |
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VAT number / RSIN |
801614892 |
COMPANY INFORMATION
Handelsregisternummer 30113280
Registered in Chamber
of commerce Midden-Netherlands
First registration 05-05-1993
Act of foundation 29-04-1993
Date of constitution 16-08-1984
Continuation date 29-04-1993
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Maarssen
Issued capital 18.151,21
Paid up capital 18.151,21
NACE-code Wholesale
of basic and industrial chemicals (51551)
SBI-code Non-specialized
wholesale of food (4639)
Wholesale of textile products (46429)
Wholesale of basic and industrial chemicals
(46751)
Formal objective Het
drijven van internationale handel in de ruimste zin van het woord, ondermeer
in kleurstoffen, chemicaliën, textiel,
levensmiddelen en andere food- en non-food
produkten.
|
Employees |
Total: 6 |
|
|
|
Employees according to CoC |
Chamber of
commerce: 6 |
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|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
6 |
6 |
6 |
|
Change |
0,00% |
0,00% |
-45,45% |
COMPANY STRUCTURE
|
Shareholder |
Hollindia
Group of Companies B.V. |
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Korte
Dreef 7 |
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3972EB
DRIEBERGEN-RIJSENBURG |
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Netherlands |
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KvK:
30117526 |
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Active
since: 01-12-2003 |
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Percentage:
100.00% |
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Ultimate parent company |
Hollindia
Holding B.V. |
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Korte
Dreef 7 |
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3972EB
DRIEBERGEN-RIJSENBURG |
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KvK: 30072843 |
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Holding company |
Hollindia
Group of Companies B.V. |
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Korte
Dreef 7 |
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3972EB
DRIEBERGEN-RIJSENBURG |
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KvK:
30117526 |
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Affiliated companies |
Hollindia
B.V. |
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Drenthehaven
30 |
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3433PB
NEWGEIN |
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KvK:
30113281 |
Bank ABN
Amro Bank NV
Account number:
43.08.52.282
Real estate Group-property
owned
The real estate is
checked at the land registration office
Object code: VREESWIJK C 796
Owner: Hollindia Group Of Companies Bv
MANAGEMENT
Management A.M.
Gokhale
Arvind Manohar
Authorization: Fully authorized
Position: Manager
Date appointed: 29-04-1993
Date of birth: 01-08-1962
PAYMENT INFORMATION
|
Payment experiences |
According
to terms |
|
Payments |
Based on multiple
payment experiences up to € 1.000 |
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Quarter: 3
2012: 39 Average days |
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Quarter: 4
2012: 39 Average days |
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Quarter: 1
2013: 34 Average days |
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Quarter: 2
2013: 30 Average days |
FINANCIAL INFORMATION
|
Publication financial statement |
·
Annual
accounts 2011 are published on 04-01-2013 Annual accounts 2010 are
published on 30-03-2012 Annual accounts 2009 are
published on 21-12-2010 Annual accounts 2008 are
published on 18-02-2010 Annual accounts 2007 are
published on 18-03-2009 |
|
Type of publication Publication |
Corporate Publication according to
obligations by law |
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CORE FIGURES |
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BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,78 |
0,70 |
0,74 |
|
Current ratio |
1,13 |
1,16 |
1,20 |
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Nett workingcapital / Balance
total |
0,10 |
0,12 |
0,15 |
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Capital and reserves / Balance
total |
0,00 |
0,00 |
0,00 |
|
Capital and reserves / Fixed
assets |
0,02 |
0,02 |
0,03 |
|
Solvency |
0,00 |
0,00 |
0,00 |
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Nett workingcapital |
716.497 |
700.333 |
784.623 |
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Capital and reserves |
18.151 |
18.151 |
18.151 |
|
Change capital and reserves |
0,00% |
0,00% |
0,00% |
|
change short term liabilities |
28,81% |
8,88% |
24,10% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
Tendency Constant
BALANCE sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Tangible assets |
213.065 |
217.368 |
166.416 |
|
Financial assets |
572.119 |
581.061 |
534.474 |
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Fixed assets |
785.184 |
798.429 |
700.890 |
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|||
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Stocks and work in
progress |
1.931.125 |
1.965.735 |
1.787.287 |
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Accounts receivable |
4.255.468 |
2.981.548 |
2.893.725 |
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Liquid assets |
13.890 |
10.525 |
14.015 |
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Current assets |
6.200.483 |
4.957.808 |
4.695.027 |
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Total assets |
6.985.667 |
5.756.237 |
5.395.917 |
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Capital and reserves |
18.151 |
18.151 |
18.151 |
|
Provisions |
1.483.530 |
1.480.611 |
1.467.362 |
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Total short term debt |
5.483.986 |
4.257.475 |
3.910.404 |
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Total debt |
6.967.516 |
5.738.086 |
5.377.766 |
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Total Liabilities |
6.985.667 |
5.756.237 |
5.395.917 |
Company structure
Hollindia Holding B.V. (30072843)
DRIEBERGEN-RIJSENBURG
Hollindia Group of
Companies B.V. (30117526)
DRIEBERGEN-RIJSENBURG
Subsidiary (100%)
Hollindia
International B.V. (30113280)
Nieuwegein
Subsidiary
Hollindia B.V.
(30113281)
NEWGEIN
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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 |
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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 |
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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 |
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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 |
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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.