MIRA INFORM REPORT

 

 

Report Date :

03.06.2013

 

IDENTIFICATION DETAILS

 

Name :

G. BAKKER D. JZN. V.O.F.

 

 

Registered Office :

Ambachtstraat 4, 2751GP Moerkapelle

 

 

Country :

Netherlands

 

 

Date of Incorporation :

01.08.1953

 

 

Legal Form :

Vennootschap Onder Firma

 

 

Line of Business :

Wholesale of arable farming products and cattle feeds

 

 

No. of Employees :

7

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

 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

G. BAKKER D. JZN. V.O.F.

Tradename

G. Bakker D. Jzn.

Address

Ambachtstraat 4

 

2751GP Moerkapelle

 

Netherlands

Mail address

Postbus 19

 

2750AA Moerkapelle

 

Netherlands

Telephone number

079 5931347

Telefax number

079 5932650

Mobile phone

06 53112076

E-mail address

mail2us@gbakkerdjzn.nl

Website

www.gbakkerdjzn.nl

VAT number / RSIN

813793853

 

 

Special remarks            With a guarantee from the partner a credit of EUR 150.000 may be granted.

 

If you use a guarantee from the partner company, we advise you request information   about the parent.

 

COMPANY INFORMATION

 

Handelsregisternummer                         29009539

Registered in                                         Chamber of commerce Rotterdam

Date of constitution                               01-08-1953

Continuation date                                  22-11-2004

 

Legal form                                            Vennootschap Onder Firma

 

 

NACE-code                                           Wholesale of arable farming products and cattle feeds (51217)

SBI-code                                              Growing of cereals, leguminous crops and oil seeds (0111)

Wholesale of arable farming products and cattle feeds (46218)

Formal objective                                   Handel in granen, zaden, peulvruchten, spece- rijen, koffie, cacao en

                                                            grondnoten, schonerij en drogerij.

Import                                                   The whole world

Export                                                 The whole world

 

Employees Total:                                  7

 

 

Bookyear                                  2011                 2010                 2009

Number                                     7                      7                     6

Change                                     0,00%               16,67%             -14,29%

 

 

 

Bank                             ING Bank NV

Account number: 66.67.13.278

 

Real estate                     Lease

The real estate is checked at the land registration office

Object code: MOERKAPELLE B 900

Owner: G.J.BAKKER BEHEER B.V.

Description: Ambachtstraat 4

 

 

MANAGEMENT

Management

R. Bakker Beheer B.V.

 

Cypruslaan 9

 

3059XA ROTTERDAM

 

Netherlands

 

KvK: 24369537

 

Authorization: Limited authorization

 

Position: Partner

 

Date appointed: 22-11-2004

 

G.J. Bakker B.V.

 

Bredeweg 12

 

2752AA MOERKAPELLE

 

Netherlands

 

KvK: 24369540

 

Authorization: Limited authorization

 

Position: Partner

 

Date appointed: 22-11-2004

 

PAYMENT INFORMATION

 

Payment experiences                Payments are regular, no complaints are known

Payments                                 Based on multiple payment experiences up to € 7.500

 

Quarter: 3 2012: 56 Average days

Quarter: 4 2012: 34 Average days

Quarter: 1 2013: 43 Average days

Quarter: 2 2013: 40 Average days

 

 

invoices

current quarter

2013 Q1

2012 Q4

2012 Q3

Total

42

100%

8.769

14.169

9.741

7.504

Within terms

20

83,9%

7.357

7.756

8.791

3.918

Delayed 0 - 30

15

16,1%

1.412

3.943

863

3.499

Delayed 31 - 60

7

0,0%

 

2.470

87

87

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Auditor                                                 Ernst & Young

 

Annual accounts                        The company is not obligated to publish its financial account.

Type of publication                   Company approximate information

Turnover                                   2012: 2.000.000

 

Tendency                                  Not to be judged because of the absence of sufficient financial information

Profitability                               Not to be judged

Solvency                                  Not to be judged

Liquidity                                    More than sufficient

Currency                                   Euro

 

Company structure

 

G. Bakker D. Jzn. V.O.F. (29009539)

Moerkapelle

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.49

UK Pound

1

Rs.86.00

Euro

1

Rs.73.68

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.