MIRA INFORM REPORT

 

 

Report Date :

26.10.2013

 

IDENTIFICATION DETAILS

 

Name :

IMKERIJ DE TRAAY

 

 

Registered Office :

50 Platinastraat, Lelystad 8211AR

 

 

Country :

Netherlands

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

02.01.1987

 

 

Com. Reg. No.:

39063415

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Subject is engaged in agents involved in the sale of food and beverages.

 

 

No. of Employees :

30

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 and address

 

IMKERIJ DE TRAAY

 

 

Company Summary

 

Company Name            Imkerij De Traay Company Registration             39063415

Number

 

Country            NL       

Activity Code    4617      Activity Description      Agents involved in the sale of food and beverages

Company Status          Active  

 

 

Company Identification

 

Activities

Activity Code                4617

Activity Description      Handelsbemiddeling in voedings- en genotmiddelen

 

 

Basic Information

 

Company Name                                    Imkerij De Traay

Registered Company Name                      Imkerij de Traay B.V.

Company Registration Number           39063415         

Country                                                NL

Date of Company Registration             02/01/1987       

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

with ordinary structure

Company Status                                  Active

A
 
Principal Activity Code                        4617     

Principal Activity Description Agents involved in the sale of food and beverages

Contact Address                                  50   Platinastraat,   LELYSTAD   8211   

Contact Telephone Number                  0320282928

 

 

Main Address

 

Address          50   Platinastraat,   LELYSTAD   8211AR

Country            NL

 

 

Other Addresses

 

Address          50   Platinastraat,   LELYSTAD   8211AR

Telephone        0320282928

 

Web Addresses

www.detraay.com

 

 

Share Capital Structure

 

Issued Share capital    18,151.00 (EUR)

Name                            Vuyk Holding B.V.

Address                      50   Platinastraat,   LELYSTAD   8211AR

Share Percent 100.00 %

 

 

Extended Group Structure

 

Company Name

Registration Number

Status

Last Financials

1  Vuyk Holding B.V.

390634140000

Active

31/12/2011

2  Honeyland B.V.

171338340000

Active

31/12/2011

2  Imkerij de Traay B.V.

390634150000

Active

31/12/2011

2  Vuyk Pensioen B.V.

390636900000

Active

31/12/2011

 

 

Affiliated Companies

 

Affiliate Name   Honeyland B.V.

Affiliate ID        NL007/X/171338340000

Country            NL

 

Affiliate Name   Vuyk Pensioen B.V.

Affiliate ID        NL007/X/390636900000

Country            NL

 

 

Employee Information

 

Year                                          2011

Number of Employees             30

 

Year                                          2010

Number of Employees             28

 

Year                                          2009

Number of Employees             25

 

Year                                          2008

Number of Employees             25

 

Year                                          2007

Number of Employees             24

 

 

Financial Statements

 

PROFIT & LOSS

 

Financial Year                                       2011                  2010                  2009

Number of Weeks                    2                       52                     52

Currency                                  EUR                 EUR                 EUR

Consolidated  Accounts           False                False                False

Operating Profit                       706,224.00        1,157,869.00     828,432.00

Wages & Salaries                     1,334,203.00     1,272,715.00     1,111,374.00

Depreciation                             175,175.00        189,579.00        200,005.00

Financial Income                     71,340.00          66,244.00          42,365.00

Financial Expenses                  251,789.00        229,285.00        200,068.00

Profit Before Tax                      525,775.00        994,828.00        670,729.00

Tax                                           118,824.00        233,600.00        160,941.00

Profit After Tax                         406,951.00        761,228.00        509,788.00

Retained Profit                         406,951.00        761,228.00        509,788.00

 

 

BALANCE SHEET

 

Financial Year                                       2011                  2010                  2009

Number of Weeks                    52                     52                     52

Currency                                  EUR                 EUR                 EUR

Consolidated  Accounts           False                False                False

Total Tangible Assets             537,703.00        479,912.00        572,092.00

Total Intangible Assets            47,341.00          27,822.00          30,128.00

Investments                             3,150.00            407,020.00        397,947.00

Total Fixed Assets                   588,194.00        914,754.00        1,000,167.00

Total Inventories                      6,532,770.00     6,254,509.00     5,248,419.00

Miscellaneous  Receivables     2,316,199.00     3,391,685.00     2,464,938.00

Total Receivables                     2,316,199.00     3,391,685.00     2,464,938.00

Cash                                         6,281.00            13,797.00          30,567.00

Other Current Assets               0.00                  0.00                  0.00

Total Current Assets                8,855,250.00     9,659,991.00     7,743,924.00

Total Assets                             9,443,444.00     10,574,745.00    8,744,091.00

Miscellaneous  Liabilities         6,112,133.00     6,426,887.00     5,220,995.00

Total Current Liabilities           6,112,133.00     6,426,887.00     5,220,995.00

Miscellaneous  Liabilities      819,698.00        843,197.00        979,663.00

due after 1

 

Total Long Term Liabilities      819,698.00        843,197.00        979,663.00

Total Liabilities                        6,931,831.00     7,270,084.00     6,200,658.00

Called Up Share Capital           18,151.00          18,151.00          18,151.00

Revenue Reserves                    0.00                  0.00                  0.00

Other Reserves                         2,493,462.00     3,286,510.00     2,525,282.00

Total Shareholders  Equity       2,511,613.00     3,304,661.00     2,543,433.00

 

OTHER FINANCIALS

 

Working Capital                       2,743,117.00     3,233,104.00     2,522,929.00

Net Worth                                 2,464,272.00     3,276,839.00     2,513,305.00

 

 

Ratios

 

Return on Capital Employed                15.78     23.98     19.04

Return on Total Assets                        5.57      9.41      7.67

 

 

Employed

 

Return on Net Assets Employed          20.93     30.10     26.37

Current Ratio                                        1.45      1.50      1.48

Liquidity Ratio/Acid Test                     0.38      0.53      0.48

Current Debt Ratio                               2.43      1.94      2.05

Gearing                                                32.64     25.52     38.52

Equity in Percentage                                26.73     31.33     29.19

Total Debt Ratio                                   2.76      2.20      2.44

 

 

Additional Information

 

Miscellaneous

 

Ceased Trading Date

 

Exporter           Yes

Importer           Yes

 

 

Industry Comparison

 

Industry Avg Credit Limit         15,780.52 (EUR)

Industry Avg Credit Rating      51.41

 

 

PAYMENT EXPECTATIONS SUMMARY

 

Payment Expectation Days                              Industry Avg Payment             96.97

Expectation Days

DaySalesOutstanding                           Industry Avg Day Sales                       70.97

Outstanding

 

Suspension Of Payments Mora           No

 

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations  Lower 12.54

Payment Expectations Median            29.27

Payment Expectations Upper   56.46

 

Day Sales Outstanding

Day Sales Outstanding Lower 12.22

Day Sales Outstanding Median            13

Day Sales Outstanding Upper 19.36

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.63

UK Pound

1

Rs.99.94

Euro

1

Rs.85.14

 

 

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.