MIRA
INFORM REPORT
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Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
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Name : |
CARRE KARTON B.V. |
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Registered Office : |
Griendweg 41, 3295KV 's-Gravendeel |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.11.1995 |
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Com. Reg. No.: |
23080974 |
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Legal Form : |
Limited Company |
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Line of Business : |
manufacturer of square cardboard containers, which are used as packaging in the pharmaceutical, chemical and food industries. |
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No. of Employees : |
05 (2012) |
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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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
CONTACT INFORMATION
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Company name |
Carre Karton B.V. |
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Tradename |
Carre
Karton B.V. |
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Address |
Griendweg
41 |
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|
3295KV
's-Gravendeel |
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|
Netherlands |
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Mail address |
Griendweg
41 |
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|
3295KV
's-Gravendeel |
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|
Netherlands |
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Telephone number |
0786736519 |
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E-mail address |
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Website |
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VAT number / RSIN |
804708319 |
COMPANY INFORMATION
Handelsregisternummer 23080974
Registered in Chamber
of commerce Rotterdam
First registration 29-02-1996
Act of foundation 28-02-1996
Date of constitution 15-11-1995
Continuation date 28-02-1996
Legal form Besloten
Vennootschap
Place of constitution 's-Gravendeel
Capital EUR
90.756,04
Issued capital EUR
27.226,81
Paid up capital EUR
27.226,81
Activity manufacturer
of square cardboard containers, which are used as packaging in
the
pharmaceutical, chemical and food industries.
Formal objective Het
fabriceren van vierkante kartonnages, plas- tics en aanverwante artikelen, de
im- en ex- port en het verhandelen daarvan
en van alle andere papier- en kartonartikelen en voorts het fabriceren en
verhandelen van (kartonnage)- machinery
(The manufacture of square cardboard boxes,
pee-tics and related items, the
import and ex-port and trading, and of all
other paper and paperboard products and furthermore the manufacturing and
trading of (cardboard) - machinery)
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Employees |
Total: 5 |
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Bookyear |
|
2012 |
2011 |
2010 |
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Number |
|
5 |
5 |
5 |
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Change |
|
0,00% |
0,00% |
0,00% |
COMPANY STRUCTURE
Shareholder Vahal
B.V.
Hoflaan 16
3271BD MIJNSHEHONORNLAND
Netherlands
KvK: 23082037
Active since: 28-02-1996
Percentage: 100.00%
Ultimate parent company F.M.C. Rijnland B.V.
Hoflaan 16
3271BD MIJNSHEHONORNLAND
KvK: 23073557
Holding company Vahal B.V.
Hoflaan 16
3271BD MIJNSHEHONORNLAND
KvK: 23082037
Bank Rabobank
Netherlands
MANAGEMENT
Management F.M.C. Rijnland B.V.
Hoflaan 16
3271BD MIJNSHEHONORNLAND
Netherlands
KvK: 23073557
Authorization: Fully authorized
Position: Manager
Date appointed: 28-12-2000
F.M. Carsjens
Frederik Martin
Authorization: Fully authorized
Position: Proxy
Date appointed: 28-12-2000
Date of birth: 19-12-1949
Other directorships:
- Proxy: Eerste Nederlandse
Rondkartonnagefabriek B.V. - 's-Gravendeel (KvK:
23046824)
PAYMENT INFORMATION
Payment experiences According
to terms
Payments Based
on multiple payment experiences up to € 7.500
Quarter: 1 2013: 67 Average days
Quarter: 2 2013: 32 Average days
Quarter: 3 2013: 35 Average days
Quarter: 4 2013: 35 Average days
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invoices |
current quarter |
2013 Q3 |
2013 Q2 |
2013 Q1 |
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Total |
23 |
100% |
4.324 |
4.324 |
4.351 |
3.754 |
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Within terms |
17 |
87,8% |
3.795 |
3.795 |
4.188 |
3.184 |
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Delayed 0 - 30 |
4 |
12,2% |
529 |
529 |
163 |
570 |
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Delayed 31 - 60 |
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Delayed 61 – 90 |
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Delayed 91 - 120 |
1 |
0,0% |
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Delayed 120+ days |
1 |
0,0% |
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FINANCIAL INFORMATION
Publication financial statement Annual
accounts 2011 are published on 21-01-2013
Annual accounts 2010 are published on
07-03-2012
Annual accounts 2009 are published on
19-01-2011
Annual accounts 2008 are published on
25-02-2010
Annual accounts 2007 are published on
19-02-2009
Type of publication Corporate
Publication Publication
according to obligations by law
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CORE FIGURES |
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BOOKYEAR |
2011 |
2010 |
2009 |
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Quick ratio |
0,37 |
0,77 |
0,75 |
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Current ratio |
0,49 |
1,15 |
1,12 |
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Nett workingcapital / Balance
total |
-0,40 |
0,12 |
0,08 |
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Capital and reserves / Balance
total |
0,21 |
0,25 |
0,31 |
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Capital and reserves / Fixed
assets |
0,34 |
1,85 |
1,36 |
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Solvency |
0,27 |
0,33 |
0,45 |
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Nett workingcapital |
-827.581 |
105.915 |
61.983 |
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Capital and reserves |
435.476 |
230.186 |
236.127 |
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Change capital and reserves |
89,18% |
-2,52% |
26,20% |
|
change
short term liabilities |
133,32% |
31,08% |
-43,24% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
BALANCE sheet
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BOOKYEAR |
2011 |
2010 |
2009 |
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End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
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Tangible assets |
1.263.057 |
124.271 |
174.144 |
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Fixed assets |
1.263.057 |
124.271 |
174.144 |
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Stocks and work in progress |
193.043 |
263.929 |
194.910 |
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Accounts receivable |
268.100 |
297.902 |
278.023 |
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Liquid assets |
322.485 |
234.640 |
115.887 |
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Current assets |
783.628 |
796.471 |
588.820 |
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Total assets |
2.046.685 |
920.742 |
762.964 |
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Capital and reserves |
435.476 |
230.186 |
236.127 |
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Total short term debt |
1.611.209 |
690.556 |
526.837 |
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Total debt |
1.611.209 |
690.556 |
526.837 |
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Total Liabilities |
2.046.685 |
920.742 |
762.964 |
Company structure
F.M.C. Rijnland B.V. (23073557)
MIJNSHEHONORNLAND
Kohal B.V. (23039983)
MIJNSHEHONORNLAND
Subsidiary
Eerste Nederlandse Rondkartonnagefabriek II B.V. (14053263)
KERKRADE
Subsidiary (100%)
Eerste Nederlandse Rondkartonnagefabriek B.V. (23046824)
's-Gravendeel
Subsidiary (100%)
Vahal B.V. (23082037)
MIJNSHEHONORNLAND
Subsidiary
Carre Karton B.V. (23080974)
's-Gravendeel
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
UK Pound |
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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.