MIRA
INFORM REPORT
|
Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KINKELDER B.V. |
|
|
|
|
Registered Office : |
Nijverheidsstraat 2, 6905DL Zevenaar |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.01.1964 |
|
|
|
|
Com. Reg. No.: |
09030704 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of fabricated metal products Manufacturer of tools |
|
|
|
|
No. of Employees : |
115 |
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 (31.03.2012) |
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
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.
|
Source : CIA |
CONTACT INFORMATION
|
Company name |
Kinkelder B.V. |
|
|
|
|
Tradename |
Kinkelder
B.V. |
|
|
|
|
Address |
Nijverheidsstraat
2 |
|
|
6905DL
Zevenaar |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus
242 |
|
|
6900AE
Zevenaar |
|
|
Netherlands |
|
Telephone number |
0316582200 |
|
Telefax number |
0316582217 |
|
E-mail address |
|
|
Website |
|
|
|
|
|
VAT number / RSIN |
001301007 |
COMPANY INFORMATION
Handelsregisternummer 09030704
Registered in Chamber
of commerce Centraal Gelderland
Act of foundation 09-01-1964
Date of constitution 09-01-1964
Continuation date 15-02-1972
Last change in statutes 22-09-1994
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Zevenaar
Issued capital 11.344,51
Paid up capital 11.344,51
NACE-code MANUFACTURE
OF FABRICATED METAL PRODUCTS (28)
Manufacture of tools (2862)
SBI-code Manufacture
of fabricated metal products, except machinery and equipment (25)
Manufacture of
tools (2573)
Wholesale of machine-tools (4662)
Formal objective Fabrikage
van en handel in machinery en gereedschappen (met name
metaalcirkelzagen),
ontwerp en constructie van installaties
|
Employees |
Total: 115 |
|
|
|
Employees according to CoC |
Chamber of
commerce: 115 |
|
|
|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
115 |
122 |
98 |
|
Change |
-5,74% |
24,49% |
16,67% |
COMPANY STRUCTURE
|
Shareholder |
De
Kinkelder Beheer B.V. |
|
|
Nijverheidsstraat
2 |
|
|
6905DL
Zevenaar |
|
|
Netherlands |
|
|
KvK:
09058324 |
|
|
Active
since: 02-01-1986 |
|
|
Percentage:
100.00% |
|
Ultimate parent company |
Stichting
Administratiekantoor Shares De Kinkelder Beheer en Kinkelder Holding |
|
|
Nijverheidsstraat
2 |
|
|
6905DL
ZEVETO |
|
|
KvK:
41048594 |
|
Holding company |
De Kinkelder
Beheer B.V. |
|
|
Nijverheidsstraat
2 |
|
|
6905DL
Zevenaar |
|
|
KvK:
09058324 |
|
Affiliated companies |
Edge
Service B.V. |
|
|
De Hondert
Margen 14 |
|
|
2678AC DE
LIER |
|
|
KvK:
09034444 |
Bank ABN Amro
Bank NV
ING Bank NV
Real estate Group-property
owned
The real estate is checked at the land
registration office
Object code: OUD-ZEVETO F 4214
Owner: kinkelder holding b.v.
Management
Management J.T.W.
de Kinkelder B.V.
Nijverheidsstraat 2
6905DL ZEVETO
Netherlands
KvK: 09057636
Authorization: Fully authorized
Position: Manager
Date appointed: 05-12-1986
W.A. Hissink
Wilhelmus Antonius
Authorization: Fully authorized
Position: General director
Date appointed: 01-07-2003
Date of birth: 05-07-1963
J.H.M. Ponjée
Jacobus Hermanus Maria
Authorization: Fully authorized
Position: Financieel manager
Date appointed: 08-03-1999
Date of birth: 24-10-1958
A.J.A.B. Huisman - Branderhorst
Angelique Johanna Antonia Bern
Authorization: Limited authorization
Position: Proxy
Date appointed: 12-10-2000
Date of birth: 14-02-1969
R. Jordense
Robertus
Authorization: Limited authorization
Position: Proxy
Date appointed: 12-10-2000
Date of birth: 12-11-1970
R. Teunissen
Rink
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-07-2005
Date of birth: 06-03-1975
FINANCIAL INFORMATION
|
Auditor Publication financial
statement |
Deloitte & Touche Annual accounts 2011 are
published on 16-11-2012 Annual accounts 2010 are
published on 10-11-2011 Annual accounts 2009 are
published on 08-09-2010 Annual accounts 2008 are
published on 22-09-2009 Annual accounts 2007 are
published on 28-10-2008 |
|
Type of publication Publication |
Corporate Publication according to
obligations by law |
Core figures
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
1,27 |
1,87 |
1,20 |
|
Current ratio |
1,86 |
2,70 |
2,11 |
|
Nett workingcapital / Balance
total |
0,32 |
0,51 |
0,39 |
|
Capital and reserves / Balance
total |
0,51 |
0,66 |
0,58 |
|
Capital and reserves / Fixed
assets |
1,67 |
3,45 |
2,32 |
|
Solvency |
1,06 |
2,01 |
1,44 |
|
Nett workingcapital |
5.223.121 |
6.114.725 |
3.814.001 |
|
Capital and reserves |
8.338.239 |
7.941.775 |
5.630.409 |
|
Change capital and reserves |
4,99% |
41,05% |
-26,39% |
|
change short term liabilities |
68,28% |
4,90% |
-34,57% |
|
Operating profit |
3.318.116 |
2.227.676 |
-1.936.871 |
|
Profitability operating profit |
positive |
positive |
negative |
Annual accounts The
company is obligated to publish its annual accounts
|
Last annual accounts |
2011 |
|
|
Type of publication |
Corporate |
|
|
Gross profit |
2011: |
14.903.518 |
|
|
2010: |
12.014.132 |
|
|
2009: |
6.451.973 |
|
|
2008: |
12.540.461 |
|
|
2007: |
13.283.000 |
|
|
2006: |
12.115.000 |
|
Operating profit |
2011: |
3.318.116 |
|
|
2010: |
2.227.676 |
|
|
2009: |
-1.936.871 |
|
|
2008: |
2.110.092 |
|
|
2007: |
3.221.000 |
|
|
2006: |
2.866.000 |
|
Result after taxes |
2011: |
3.396.464 |
|
|
2010: |
2.311.366 |
|
|
2009: |
-2.018.296 |
|
|
2008: |
1.922.123 |
|
|
2007: |
3.071.000 |
|
|
2006: |
2.719.000 |
Tendency changeable
Tendency capital
& reserves
Capital and reserves 2011
8.338.239
Total debt 2011
7.948.969
Current ratio 2011
1,86
Quick ratio
2011 1,27
Nett workingcapital 2011
5.223.121
Profitability More
than sufficient
Solvency Sufficient
Balance sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
1.795 |
29.361 |
63.534 |
|
Tangible assets |
4.053.356 |
1.930.485 |
2.031.983 |
|
Financial assets |
945.537 |
344.710 |
328.962 |
|
Fixed assets |
5.000.688 |
2.304.556 |
2.424.479 |
|
|
|||
|
Stocks and work in progress |
3.556.908 |
2.982.179 |
3.131.546 |
|
Accounts receivable |
7.722.911 |
6.642.501 |
4.110.702 |
|
Liquid assets |
6.701 |
93.224 |
6.682 |
|
Current assets |
11.286.520 |
9.717.904 |
7.248.930 |
|
Total assets |
16.287.208 |
12.022.460 |
9.673.409 |
|
|
|||
|
Capital and reserves |
8.338.239 |
7.941.775 |
5.630.409 |
|
Provisions |
81.171 |
137.325 |
122.865 |
|
Long term liabilities |
1.804.399 |
340.181 |
485.206 |
|
Total short term debt |
6.063.399 |
3.603.179 |
3.434.929 |
|
Total debt |
7.948.969 |
4.080.685 |
4.043.000 |
|
Total Liabilities |
16.287.208 |
12.022.460 |
9.673.409 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
14.903.518 |
12.014.132 |
6.451.973 |
|
Wages employees |
5.570.123 |
5.048.771 |
4.342.631 |
|
Depreciation and amortization |
1.151.327 |
865.600 |
1.042.734 |
|
Other operating charges |
4.863.952 |
3.872.085 |
3.003.479 |
|
Operating charges |
11.585.402 |
9.786.456 |
8.388.844 |
|
Result participations |
215 |
12 |
-726 |
|
Operating profit |
3.318.116 |
2.227.676 |
-1.936.871 |
|
Financial income |
175.096 |
122.226 |
40.739 |
|
Financial charges |
120.003 |
43.445 |
156.554 |
|
Financial result |
55.093 |
78.781 |
-115.815 |
|
Result before taxes |
3.373.424 |
2.306.469 |
-2.053.412 |
|
Result after taxes |
3.373.424 |
2.306.469 |
-2.053.412 |
|
Extraordinary income |
23.040 |
4.897 |
35.116 |
|
Extraordinary result after taxes |
23.040 |
4.897 |
35.116 |
|
Nett result |
3.396.464 |
2.311.366 |
-2.018.296 |
Company structure
Stichting Administratiekantoor Shares De Kinkelder Beheer en Kinkelder
Holding (41048594)
ZEVETO
De Kinkelder
Beheer B.V. (09058324)
Zevenaar
Subsidiary
Kinkelder B.V.
(09030704)
Zevenaar
Subsidiary
Edge Service B.V.
(09034444)
DE LIER
Subsidiary
Kinkelder Holding
B.V. (09183109)
ZEVETO
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 |
|
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.