MIRA INFORM REPORT
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Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BRB INTERNATIONAL B.V. |
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Registered Office : |
Branskamp 12, Ittervoort, 6014 CB |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.09.1981 |
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Com. Reg. No.: |
13020953 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of Petroleum and Petroleum Products; and
Wholesale of Other Fuels and Related Products. |
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No. of Employees : |
Not Available |
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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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.
Source
: CIA
Company Name and address
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Brb International B.V. |
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Business Description
Brb International B.V. is primarily engaged in wholesale of
petroleum and petroleum products; and wholesale of other fuels and related
products.
Industry
Key Executives
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Name |
Title |
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P. Hondong |
Purchasing manager |
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T. Karis |
Head of accounting department |
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Carolina Rutten-Stappers |
Member of the board |
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Petrus Zonneveld |
Member of the board |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
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ANZSIC 2006 Codes: |
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3321 |
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Petroleum Product Wholesaling |
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NACE 2002 Codes: |
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5151 |
- |
Wholesale of solid, liquid and gaseous
fuels and related products |
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NAICS 2002 Codes: |
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424720 |
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Petroleum and Petroleum Products Merchant
Wholesalers (except Bulk Stations and Terminals) |
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US SIC 1987: |
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5172 |
- |
Petroleum and Petroleum Products
Wholesalers, Except Bulk Stations and Terminals |
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UK SIC 2003: |
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5151 |
- |
Wholesale of solid, liquid and gaseous
fuels and related products |
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UK SIC 2007: |
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4671 |
- |
Wholesale of solid, liquid and gaseous fuels
and related products |
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Brb International B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Ittervoort, Limburg |
Netherlands |
Miscellaneous Financial Services |
169.2 |
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Subsidiary |
Ittervoort, Limburg |
Netherlands |
Miscellaneous Financial Services |
169.2 |
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Subsidiary |
Ittervoort, Limburg |
Netherlands |
Biotechnology and Drugs |
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8 |
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Subsidiary |
Ittervoort, Limburg |
Netherlands |
Oil and Gas Operations |
138.0 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
36.0 |
10 |
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Subsidiary |
Ittervoort, Limburg |
Netherlands |
Miscellaneous Financial Services |
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Executives Report
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Board
of Directors |
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Head of accounting department |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Member of the board |
Director/Board Member |
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Executives |
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Head of accounting department |
Accounting Executive |
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Purchasing manager |
Purchasing Executive |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
138.2 |
110.3 |
82.1 |
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Net sales |
138.0 |
110.1 |
81.6 |
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Other operating income |
0.2 |
0.2 |
0.5 |
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Total operating
costs |
129.0 |
103.9 |
76.7 |
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Net operating
income |
9.2 |
6.4 |
5.4 |
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Total financial
income |
1.2 |
1.6 |
1.9 |
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Total expenses |
0.4 |
0.4 |
1.2 |
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Profit before tax |
9.9 |
7.6 |
6.1 |
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Profit attributable to minority interest
shareholdings |
1.7 |
1.5 |
0.5 |
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Profit on ordinary activities after tax |
9.2 |
7.2 |
5.0 |
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Extraordinary income |
0.0 |
0.0 |
- |
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Extraordinary result |
0.0 |
0.0 |
- |
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Profit after extraordinary items and
before tax |
0.0 |
0.0 |
- |
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Other taxes |
- |
- |
0.0 |
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Total taxation |
2.5 |
1.9 |
1.6 |
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Profit after tax |
9.2 |
7.2 |
5.0 |
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Net profit |
9.2 |
7.2 |
5.0 |
Annual Balance Sheet
Financials
in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Share premium account |
0.0 |
0.0 |
0.0 |
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Other reserves |
31.5 |
23.6 |
17.3 |
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Total reserves |
0.0 |
- |
0.1 |
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Total
stockholders equity |
31.5 |
23.6 |
17.5 |
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Provisions and allowances |
1.2 |
0.7 |
0.7 |
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Total long-term
liabilities |
1.2 |
0.8 |
0.9 |
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Total current
liabilities |
23.7 |
20.9 |
15.8 |
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Total
liabilities (including net worth) |
57.6 |
46.1 |
34.9 |
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Intangibles |
0.5 |
0.2 |
0.2 |
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Total asset investment |
8.2 |
2.3 |
1.1 |
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Total
non-current assets |
8.7 |
2.5 |
1.3 |
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Net stocks and work in progress |
17.6 |
15.5 |
13.7 |
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Trade debtors |
14.9 |
13.2 |
9.6 |
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Other receivables |
14.0 |
13.7 |
9.4 |
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Total
receivables |
28.9 |
26.8 |
19.0 |
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Cash and liquid assets |
2.4 |
1.2 |
0.9 |
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Total current
assets |
48.9 |
43.6 |
33.6 |
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Total assets |
57.6 |
46.1 |
34.9 |
Annual Ratios
Financials
in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.10 |
2.10 |
2.10 |
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Acid test ratio |
1.30 |
1.30 |
1.30 |
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Current liabilities to net worth |
0.76% |
0.90% |
0.91% |
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Fixed assets to net worth |
0.28% |
0.11% |
0.07% |
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Collection period |
42.10 |
43.10 |
41.70 |
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Stock turnover rate |
7.30 |
7.20 |
6.20 |
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Sales to net working capital |
5.10 |
4.90 |
4.70 |
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Asset turnover |
2.24% |
2.42% |
2.41% |
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Profit margin |
0.07% |
0.07% |
0.07% |
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Return on assets |
0.16% |
0.17% |
0.18% |
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Shareholders' return |
0.30% |
0.33% |
0.36% |
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Sales per employee |
2,612.21 |
2,598.11 |
2,095.25 |
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Profit per employee |
187.82 |
179.52 |
156.08 |
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Return on capital |
0.26% |
0.29% |
0.27% |
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Net worth |
31.1 |
23.4 |
17.3 |
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Number of employees |
38 |
32 |
28 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.61 |
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1 |
Rs.83.98 |
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Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.