MIRA INFORM REPORT

 

 

Report Date :

08.04.2014

 

IDENTIFICATION DETAILS

 

Name :

KOSTER KEUNEN (HOLLAND) B.V.

 

 

Registered Office :

Raambrug 3, 5531AG Bladel

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

21.05.1959

 

 

Com. Reg. No.:

17052257

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of soap, detergents and cleaners

 

 

No. of Employees :

13

 

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 :

No complaints

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 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 2012-13 tax revenues dropped, 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

summary

 

Company name                         KOSTER KEUNEN (HOLLAND) B.V.

Operative address                      Raambrug 3

5531AG Bladel

Netherlands

Legal form                                 Private Company

Registration number                   KvK-nummer: 17052257

VAT-number                              006775718

 

 

Year

2012

Mutation

2011

Mutation

2010

Fixed assets

834.672

39,08

600.146

106,36

290.829

Total receivables

957.077

18,32

808.881

10,03

735.122

Total equity

1.077.672

29,11

834.699

 

834.699

Short term liabilities

1.162.201

12,03

1.037.402

 

 

Working capital

1.046.661

-7,75

1.134.553

-20,26

1.422.817

Quick ratio

1,09

-12,10

1,24

 

 

 

 

 

 

Contact information

 

Company name                         Koster Keunen (Holland) B.V.

Trade names                             Koster Keunen (Holland) B.V.

Operative address                      Raambrug 3

5531AG Bladel

Netherlands

Correspondence address            Postbus 53

5530AB Bladel

Netherlands

Telephone number                      0497361010

Fax number                               0497387902

Email address                           info@koster-wax.com

Website                                    www.koster-wax.com

 

 

Registration

 

Registration number                   KvK-nummer: 17052257

Branch number                          000020203241

VAT-number                              006775718

Status                                       Active

First registration company register 1984-03-21

Memorandum                            1983-12-28

Establishment date                    1959-05-21

Legal form                                 Private Company

Last proposed admendment        2012-02-28

 

 

Activities

 

SBI                                           Manufacture of soap, detergents and cleaners (2041)

Exporter                                    Yes

Importer                                    Yes

Goal                                         Winning was, both of animal and mineral and vegetable nature, editing and processing thereof to wasprodukten and related or similar products, all in the broadest sense of the words

 

 

Relations

 

Companies on same address      Gebr. Koster Houdstermaatschappij 2 B.V.

Registration number: 542920420000

 

Gebr. Koster Houdstermaatschappij 1 B.V.

Registration number: 542920340000

 

Koster USA Holding B.V.

Registration number: 548892430000

 

BKK B.V.

Registration number: 549029080000

 

 

Management

 

Active management                    Postgen B.V.

Helvoirtseweg 156

5263EJ VUGHT

Netherlands

Registration number: 170888880000

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-12

 

Boerenkost B.V.

Loyolalaan 70

5263AV VUGHT

Netherlands

Registration number: 548643800000

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-16

 

J.P. Koster - Daalderop (Johanna Paulina)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2009-05-11

Date of birth: 1947-03-15, De Bilt, NL

 

 

Employees

 

Total according to the Chamber of Commerce       13

 

Year                 2014                 2012                 2011                 2010                 2009

Total                 13                     14                     14                     14                     14

 

 

Payments

 

Score                7,15

Description        Payments are made regularly no complaints are known

 

 

Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

1,09

1,24

 

0,96

0,87

Current ratio

1,90

2,09

 

1,59

2,14

Working capital/ balance total

0,34

0,41

0,83

0,32

0,42

Equity / balance total

0,35

0,30

0,49

0,45

0,63

Equity / Fixed assets

1,29

1,39

2,87

3,44

2,99

Equity / liabilities

0,55

0,43

0,95

0,83

1,72

Balance total / liabilities

1,55

1,43

1,95

1,83

2,72

Working capital

1.046.661

1.134.553

1.422.817

592.084

556.286

Equity

1.077.672

834.699

834.699

834.699

834.699

Mutation equity

29,11

 

 

 

-0,04

Mutation short term liabilities

12,03

 

 

108,05

-55,87

 

Summary                                  The 2012 financial result structure is a postive working captial of 1.046.661 euro, which is in agreement with 34 % of the total assets of the company.

The working capital has diminished with -7.75 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.

The deterioration between 2011 and 2012 has mainly been caused by an increase of the current liabilities.

The current ratio of the company in 2012 was 1.9. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2012 of the company was 1.09. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

The 2011 financial result structure is a postive working captial of 1.134.553 euro, which is in agreement with 41 % of the total assets of the company.

The working capital has diminished with -20.26 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.

The deterioration between 2010 and 2011 has mainly been caused by a reduction of the current assets.

The current ratio of the company in 2011 was 2.09. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2011 of the company was 1.24. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

 

 

 

 

Financial statement

 

Type of annual account               Corporate

Annual account                          Koster Keunen (Holland) B.V.

Raambrug 3

5531AG Bladel

Netherlands

Registration number: 170522570000

 

 

Balance

 

Year

2012

2011

2010

2009

2008

End date

2012-12-31

2011-12-31

2010-12-31

2009-12-31

2008-12-31

Other tangible fixed assets

 

 

290.829

 

278.823

Tangible fixed assets

834.672

600.146

290.829

242.615

278.823

Fixed assets

834.672

600.146

290.829

242.615

278.823

Inventories

941.905

888.110

568.906

628.687

621.290

Total receivables

957.077

808.881

735.122

638.524

348.874

Liquid funds

309.880

474.964

118.789

335.856

72.047

Current assets

2.208.862

2.171.955

1.422.817

1.603.067

1.042.211

Total assets

3.043.534

2.772.101

1.713.646

1.845.682

1.321.034

Total equity

1.077.672

834.699

834.699

834.699

834.699

Provisions

3.661

 

 

 

410

Long term interest yielding debt

800.000

900.000

 

 

 

Long term liabilities

800.000

900.000

 

Short term liabilities

1.162.201

1.037.402

 

1.010.983

485.925

Other liabilities

 

 

878.947

 

 

Total short and long term liabilities

1.965.862

1.937.402

878.947

1.010.983

486.335

Total liabilities

3.043.534

2.772.101

1.713.646

1.845.682

1.321.034

 

Summary                                  The total assets of the company increased with 9.79 % between 2011 and 2012.

The total asset increase is retrievable in the fixed asset growth of 39.08 %.

The asset growth has mainly been financed by a Net Worth increase of 29.11 %. Debt, however, grew with 1.47 %.

In 2012 the assets of the company were 27.42 % composed of fixed assets and 72.58 % by current assets. The assets are being financed by an equity of 35.41 %, and total debt of 64.59 %.

 

The total assets of the company increased with 61.77 % between 2010 and 2011.

The total asset increase is retrievable in the fixed asset growth of 106.36 %.

The asset growth is explained by a reduction of 120.42 % of the company's indebtness, this while, the Net Worth remains unchanged.

In 2011 the assets of the company were 21.65 % composed of fixed assets and 78.35 % by current assets. The assets are being financed by an equity of 30.11 %, and total debt of 69.89 %.

 

 

 

 

Analysis

 

Branch (SBI)                              MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS (20)

Region                                      Zuid-Oost-Brabant

In the Netherlands 1365 of the companies are registered with the SBI code 20

In the region Zuid-Oost-Brabant 54 of the companies are registered with the SBI code 20

In the Netherlands 17 of the bankrupcties are published within this sector

In the region Zuid-Oost-Brabant 2 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Zuid-Oost-Brabant is normal

 

Publications

 

Filings                                       27-05-2013: De jaarrekening over 2012 is gepubliceerd.

05-10-2012: De jaarrekening over 2011 is gepubliceerd.

06-09-2011: De jaarrekening over 2010 is gepubliceerd.

19-10-2010: De jaarrekening over 2009 is gepubliceerd.

08-04-2010: De jaarrekening over 2008 is gepubliceerd.

 

Functions                                  13-04-2012: Per 16-03-2012 is gevolmachtigde Gerben Jan Boersma uit functie

getreden.

02-04-2012: Per 16-03-2012 is bestuurder 54864380 Boerenkost B.V. in functie getreden.

16-03-2012: Per 12-03-2012 is bestuurder 17088888 Postgen B.V. in functie getreden.

 

Amendments                             06-03-2012: Geplaatst kapitaal gewijzigd in EUR 69.008,00 Gestort kapitaal gewijzigd in EUR 69.008,00.

06-03-2012: Per 28-2-2012 statuten gewijzigd.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.95

UK Pound

1

Rs.99.36

Euro

1

Rs.82.15

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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.