MIRA INFORM REPORT

 

 

Report Date :

16.09.2013

 

IDENTIFICATION DETAILS

 

Name :

BEERNINK & BEERNINK B.V.

 

 

Registered Office :

9 Nijverheidsweg, Druten 6651KS

 

 

Country :

Netherlands

 

 

Financials (as on) :

2009

 

 

Date of Incorporation :

01.10.1992

 

 

Com. Reg. No.:

10038355

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Wholesale of other consumer goods.

 

 

No. of Employees :

05

 

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

 

Beernink & Beernink B.V.

 

Company Summary

 

Company Name  Beernink & Beernink B.V.        Company Registration Number    10038355

 

Country            NL       

Activity Code   464999                                     Activity Description Wholesale of other consumer goods

Company Status          Other                            

 

 

Company Identification

 

Activities

Activity Code                 464999

Activity Description        Groothandel in overige consumentenartikelen n.e.g.

 

Basic Information

Company Name                                            Beernink & Beernink B.V.   

Registered Company Name                            Beernink & Beernink B.V.

 

Company Registration Number                       10038355                                                 

Country                                                         NL                                                        

Date of Company Registration                        01/10/1992                                                           

Legal Form                                                     Private limited liability company (BV)

with ordinary structure                                          

Company Status                                           Other

Principal Activity Code                                   464999                                                 

Principal Activity Description  Wholesale of other consumer goods

Contact Address                                           9   Nijverheidsweg, DRUTEN 6651K        

Contact Telephone Number    0487517278

 

Main Address

Address                                               9   Nijverheidsweg,   DRUTEN   6651KS

Country                                                 NL

 

Other Addresses

Address                                               9   Nijverheidsweg,   DRUTEN   6651KS

Telephone                                              0487517278

Current Directors                       Managers

 

Name                                                    CORNELIS  A.   BEERNINK

Position                                                 Director

 

Share Capital Structure

Issued Share capital                  18,151.00 (EUR)

 

Employee Information

Year                                          2009

Number of Employees                5

 

Employee Information

Year                                          2009

Number of Employees                5

 

Year                                          2007

Number of Employees                5

 

Financial Statements

 

Balance Sheet

Financial Year                                                   2009                  2008                  2007

Number of Weeks                                              52                     52                     52

Currency                                                           EUR                 EUR                 EUR

Consolidated  Accounts                         False                False                False

Total Tangible Assets                                        106,588.00        158,896.00        178,922.00

Investments                                                       0.00                  0.00                  0.00

Total Fixed Assets                                             106,588.00        158,896.00        178,922.00

Total Inventories                                                 238,500.00        232,530.00        224,760.00

Miscellaneous  Receivables                                571,964.00        635,158.00

Total Receivables                                               571,964.00        635,158.00        684,182.00

Cash                                                                 177,480.00        151,090.00        147,235.00

Other Current Assets                                         0.00                  0.00                  0.00

Total Current Assets                                          987,944.00        1,018,778.00     1,056,177.00

Total Assets                                                      1,094,532.00     1,177,674.00     1,235,099.00

Miscellaneous  Liabilities                                    834,066.00        789,439.00        811,187.00

Total Current Liabilities                                               834,066.00        789,439.00        811,187.00

Miscellaneous  Liabilities due after 1

Year                                                                 0.00                  0.00                  0.00

 

Total Long Term Liabilities                                  0.00                  0.00                  106.00

Total Liabilities                                                   834,066.00        789,439.00        811,293.00

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

Revenue Reserves                                             0.00                  0.00                  0.00

Other Reserves                                     242,315.00        370,084.00        405,655.00

Total Shareholders  Equity                                  260,466.00        388,235.00

Other Financials

Working Capital                                                 153,878.00        229,339.00        244,990.00

Net Worth                                                          260,466.00        388,235.00        423,806.00

Ratios

Current Ratio                                                     1.18                  1.29                  1.30

Liquidity Ratio/Acid Test                                    0.90                  1.00                  1.02

Current Debt Ratio                                             3.20                  2.03                  1.91

Equity in Percentage                                          23.80                 32.97                 34.31

Total Debt Ratio                                                 3.20                  2.03                  1.91

 

Additional Information

Miscellaneous

Ceased Trading Date

Exporter                                    No

Importer                                     No

 

Industry Comparison

Industry Avg Credit Limit            13,420.57 (EUR)

Industry Avg Credit Rating          52.55

 

Payment Expectations Summary

Payment Expectation Days       

 

Industry Avg Payment                31.69

Expectation Days         

 

Industry Avg Sales     

DaySales Outstanding                32.93

 

 

Industry Avg Day

Suspension Of Payments Mora No

 

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations  Lower                7.21

Payment Expectations Median               20.41

Payment Expectations Upper                 53.39

Day Sales Outstanding

Day Sales Outstanding Lower                10.77

Day Sales Outstanding Median 37.36

Day Sales Outstanding Upper                 37.36

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.79

UK Pound

1

Rs.100.70

Euro

1

Rs.84.67

 

 

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.