MIRA INFORM REPORT

 

 

Report Date :

24.10.2013

 

IDENTIFICATION DETAILS

 

Name :

J.P. VERWIJS IMPORT-EXPORT B.V.

 

 

Registered Office :

81De Poort, Rilland 4411PB

 

 

Country :

Netherlands

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

01.01.1988

 

 

Com. Reg. No.:

22053604

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Subject is specialized wholesale of food.

 

 

No. of Employees :

10

 

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 :

Slow but correct

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

Company name

 

J.P. VERWIJS IMPORT-EXPORT B.V.

 

Company Summary

 

Company Name                                   J.P. Verwijs Import-Export B.V.

Company Registration Number           22053604

Country                                                            NL                   

 

Activity Code  4639                                                                                                                                               

Activity Description Non-specialized wholesale of food                                                                                          

Company Status        Active                                                                                                                                         

 

 

Company Identification

 

Activities

Activity Code               4639

Activity Description      Groothandel in voedings- en genotmiddelen algemeen assortiment

 

 

Basic Information

 

Company Name                                   J.P. Verwijs Import-Export B.V.

Registered Company Name                J.P. Verwijs Import-Export B.V.

Company Registration Number           22053604         

Country                                                NL

Date of Company Registration            01/01/1988       

Legal Form                                          Private limited liability company (BV) with ordinary structure

Company Status                                  Active

Principal Activity Code                        4639     

Principal Activity Description Non-specialized wholesale of food

Contact Address                                  81   De Poort,   RILLAND   4411PB       

Contact Telephone Number                 0113556575

 

 

Main Address

 

Address          81   De Poort,   RILLAND   4411PB

Country            NL

 

 

Other Addresses

 

Address          81   De Poort,   RILLAND   4411PB

Telephone       0113556575

 

Web Addresses

www.verwijsfish.com

 

 

Share Capital Structure

 

Issued Share capital    18,000.00 (EUR)

Name                           J.P. Verwijs Beheer B.V.

Address                      81   De Poort,   RILLAND   4411PB

Share Percent             100.00 %

 

 

Extended Group Structure

 

Company Name                                                          

1  Stichting Administratiekantoor J.P. Verwijs Beheer                  

2  J.P. Verwijs Beheer B.V.

3  J.P. Verwijs Import-Export B.V.         

 

Registration Number     Status    Last Financials

220536030000                 Active                                    

220319840000

Active

30/06/2012

220536040000

Active

30/06/2012

 

 

Employee Information

 

Year                                         2012

Number of Employees             10

 

Year                                         2011

Number of Employees             10

 

Year                                         2010

Number of Employees             10

 

Year                                         2009

Number of Employees             8

 

Year                                         2008

Number of Employees             8

 

Financial Statements

 

PROFIT & LOSS

Financial Year                                     2012                  2011                  2010

Number of Weeks                    52                     52                     52

Currency                                  EUR                  EUR                  EUR

Consolidated  Accounts           False                False                False

Operating Profit                       428,252.00        698,529.00        292,144.00

Wages & Salaries                    464,779.00        430,521.00        434,029.00

Profit Before Tax                     355,648.00        649,139.00        254,023.00

Tax                                           81,446.00          157,035.00        54,563.00

Profit After Tax                        274,202.00        492,104.00        199,460.00

Retained Profit                        274,202.00        492,104.00        199,460.00

 

 

BALANCE SHEET

 

Financial Year                                                             2012                  2011                  2010

Number of Weeks                    52                     52                     52

Currency                                  EUR                  EUR                  EUR

Consolidated  Accounts           False                False                False

 Investments                            0.00                  0.00                  0.00

Total Inventories                      6,059,497.00     4,542,522.00     3,744,052.00

Miscellaneous  Receivables    2,430,858.00     2,194,209.00     1,673,558.00

Total Receivables                    2,430,858.00     2,194,209.00     1,673,558.00

Cash                                         439,277.00        781,406.00        577,865.00

Other Current Assets   0.00      0.00      0.00

Total Current Assets                8,929,632.00     7,518,137.00     5,995,475.00

Total Assets                             8,929,632.00     7,518,137.00     5,995,475.00

Miscellaneous  Liabilities        5,875,613.00     4,841,365.00     3,687,465.00

Total Current Liabilities          5,875,613.00     4,841,365.00     3,687,465.00

Miscellaneous  Liabilities

Due after 1 year                                             794,035.00        690,990.00        814,332.00

Total Long Term Liabilities     794,035.00        690,990.00        814,332.00

Total Liabilities                        6,669,648.00     5,532,355.00     4,501,797.00    

Called Up Share Capital         18,000.00          18,000.00          18,000.00

Revenue Reserves                   0.00      0.00      0.00

Other Reserves                        2,241,984.00     1,967,782.00     1,475,678.00

Total Shareholders Equity       2,259,984.00     1,985,782.00     1,493,678.00

Other Financials

Working Capital                      3,054,019.00     2,676,772.00     2,308,010.00

Net Worth                                 2,259,984.00     1,985,782.00     1,493,678.00

 

 

Ratios

 

Return on Capital Employed   11.65     24.25     11.01

Return on Total Assets            3.98      8.63      4.24

 

EMPLOYED

 

Return on Net Assets Employed          15.74     32.69     17.01

Current Ratio                                                                 1.52      1.55      1.63

Liquidity Ratio/Acid Test                     0.49      0.61      0.61

Current Debt Ratio                               2.60      2.44      2.47

Gearing                                                35.13     34.80     54.52

Equity in Percentage                           25.31     26.41     24.91

Total Debt Ratio                                                                  2.95                  2.79                  3.01

 

 

Additional Information

 

Miscellaneous

 

Ceased Trading Date

 

Exporter           Yes

Importer           Yes

 

Industry Comparison

 

Industry Avg Credit Limit         34,816.02 (EUR)

Industry Avg Credit Rating      50.94

 

 

Payment Expectations Summary

 

Payment Expectation Days                             Industry Avg Payment

Expectation Days                    43.99

           

DaySalesOutstanding                           Industry Avg Day Sales

Outstanding                             50.44

 

Suspension Of Payments Mora           No

Industry Quartile Analysis

 

Payment Expectation Days

 

Payment Expectations  Lower             15.67

Payment Expectations Median           35.23

Payment Expectations Upper 53.98

Day Sales Outstanding

Day Sales Outstanding Lower             12.05

Day Sales Outstanding Median           20.65

Day Sales Outstanding Upper             31.46

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.53

UK Pound

1

Rs.99.75

Euro

1

Rs.84.75

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.