MIRA INFORM REPORT

 

 

Report Date :

07.08.2014

 

IDENTIFICATION DETAILS

 

Name :

ARCUS NEDERLAND B.V.

 

 

Registered Office :

Nijverheidstraat 4 3316AP Dordrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

01.03.1981

 

 

Com. Reg. No.:

24338907

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale of ferrous metals and ferrous semi-finished products

 

 

No. of Employees

45

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

 

Source : CIA

 

 

 

Company name and address

 

Company name

ARCUS NEDERLAND B.V.

Operative address

Nijverheidstraat 4 3316AP Dordrecht Netherlands

Legal form

Private Company

Registration number

KvK-nummer: 24338907

VAT-number

810897581

 

 

Year                                         2012                                    Mutation     2011               Mutation  2010

Fixed assets

1.364.808

 

-2,01

1.392.762

 

3,22

1.349.265

Total receivables

4.472.147

 

0,93

4.431.145

 

9,99

4.028.576

 

Total equity

7.170.631

 

8,12

6.631.836

 

15,10

5.761.593

Short term liabilities

9.362.812

 

28,71

7.274.125

 

20,37

6.043.334

 

Net result

538.795

 

-38,09

870.243

 

1.290,12

62.602

 

Working capital

5.992.739

 

10,01

5.447.625

 

20,40

4.524.788

Quick ratio

0,54

%

-11,48

0,61

 

-8,96

0,67

 

 

 

 

 

 

Contact information

 

Company name           Arcus Nederland B.V.

Trade names               Arcus Nederland B.V.

Operative address       Nijverheidstraat 4

3316AP Dordrecht

Netherlands

 

Correspondence address         Postbus 846

3300AV Dordrecht

Netherlands

Telephone number                  0786483648

Fax number                             0786483600

Email address                          sales@arcus.nl

Website                                   www.arcus.nl

 

 

Registration

 

Registration number    KvK-nummer: 24338907

Branch number            000018905943

VAT-number                810897581

Status                          Active

 

First registration company register      2002-09-02

Memorandum                                      2002-08-21

Establishment date                              1981-03-01

Legal form                                           Private Company

 

 

Activities

 

SBI                   Wholesale of ferrous metals and ferrous semi-finished products (46722)

Exporter           No

Importer           No

Goal                 Wholesale stainless steel

 

 

Relations

 

Shareholders

 

Arcus Holding B.V.

Nijverheidstraat 4

3316AP DORDRECHT

Netherlands

Registration number: 230454930000

Percentage: 100%

 

 

COMPANIES ON SAME ADDRESS

 

Arcus Holding B.V.

Registration number: 230454930000

 

Sosta B.V.

Registration number: 243304950000

 

Sosta Holding B.V.

Registration number: 243481560000

 

 

Bank details

 

Accounts Fortis Bank (Nederland) NV

Account number: 64.27.00.044

 

 

Management

 

ACTIVE MANAGEMENT

Arcus Holding B.V.

Nijverheidstraat 4

3316AP DORDRECHT

Netherlands

Registration number: 230454930000

Competence: Fully authorized

Function: Manager

Starting date: 2002-08-22

 

 

 

 

 

Employees

 

Year

2014 2012

2011

2010 2009

Total

45 45

30

46 50

 

 

Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

0,54

0,61

0,67

0,94

0,82

Current ratio

1,64

1,75

1,75

2,43

2,06

 

Working capital/ balance total

0,36

0,39

0,38

0,55

0,49

 

Year

2012

2011

2010

2009

2008

Equity / balance total

0,43

0,47

0,48

0,61

0,53

Equity / Fixed assets

5,25

4,76

4,27

10,24

10,83

Equity / liabilities

0,75

0,89

0,94

1,58

1,15

Balance total / liabilities

1,75

1,89

1,94

2,58

2,15

 

Working capital

5.992.739

5.447.625

4.524.788

5.149.955

5.151.000

Equity

7.170.631

6.631.836

5.761.593

5.698.991

5.634.000

Mutation equity

8,12

15,10

1,10

1,15

4,83

Mutation short term liabilities

28,71

20,37

67,40

-25,79

-22,99

 

Return on total assets (ROA)

4,12

8,02

0,77

2,19

7,55

Return on equity (ROE)

9,62

17,07

1,59

3,59

14,11

Gross profit margin

3,25

4,94

1,44

2,07

4,45

Net profit margin

1,74

3,07

0,33

0,77

2,22

 

Average collection ratio

3,30

3,90

3,18

5,55

5,64

Average payment ratio

6,91

6,41

4,77

6,25

6,90

Equity turnover ratio

4,31

4,28

3,33

3,52

4,87

Total assets turnover ratio

1,85

2,01

1,61

2,15

2,61

Fixed assets turnover ratio

22,65

20,38

14,23

36,03

52,80

Inventory conversion ratio

3,00

3,44

2,95

3,72

4,56

 

Turnover

30.915.634

28.381.652

19.206.491

20.051.558

27.456.000

Gross margin

6.398.013

6.618.939

4.056.752

4.235.974

 

Operating result

1.005.427

1.403.159

276.825

415.090

1.223.000

Net result after taxes

538.795

870.243

62.602

155.341

609.000

 

Cashflow

765.071

1.091.524

222.053

305.656

774.000

Gross profit

 

 

 

 

27.456.000

EBIT

1.005.427

1.403.159

276.825

415.090

1.223.000

EBITDA

1.231.703

1.624.440

436.276

565.405

1.388.000

 

 

Summary

 

The 2012 financial result structure is a postive working captial of 5.992.739 euro, which is in

agreement with 36 % of the total assets of the company.

The working capital has increase with 10.01 % compared to previous year. The ratio with

respect to the total assets of the company has however, declined.

The improvement between 2011 and 2012 has mainly been caused by a current liabilities

reduction.

 

The current ratio of the company in 2012 was 1.64. 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 0.54. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

The 2011 financial result structure is a postive working captial of 5.447.625 euro, which is in

agreement with 39 % of the total assets of the company.

The working capital has increased with 20.4 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

The improvement between 2010 and 2011 has mainly been caused by an increase of the

current assets.

 

The current ratio of the company in 2011 was 1.75. 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 0.61. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

 

 

 

 

 

Financial statement

 

Type of annual account           Corporate

Annual account                       Arcus Nederland B.V.

Nijverheidstraat 4

3316AP Dordrecht

Netherlands

Registration number: 243389070000

 

 

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

 

 

 

 

520.000

Tangible fixed assets

1.364.808

1.392.762

1.349.265

556.536

520.000

Fixed assets

1.364.808

1.392.762

1.349.265

556.536

520.000

 

Other stock

 

 

 

 

6.024.000

Total stock

10.317.516

8.262.134

6.519.816

5.383.017

6.024.000

Accounts receivable

4.133.188

4.034.730

3.372.147

2.681.697

3.317.000

Other receivables

338.959

396.415

656.429

527.589

660.000

Total receivables

4.472.147

4.431.145

4.028.576

3.209.286

3.978.000

Liquid funds

565.888

28.471

19.730

167.824

14.000

accruals

 

 

 

 

660.000

Current assets

15.355.551

12.721.750

10.568.122

8.760.127

10.016.000

 

 

Year

2012

2011

2010

2009

2008

End date

2012-12-31

2011-12-31

2010-12-31

2009-12-31

2008-12-31

Total assets

16.720.359

14.114.512

11.917.387

9.316.663

10.536.000

 

Issued capital

50.000

50.000

50.000

50.000

50.000

Share premium reserve

2.487.049

2.487.049

2.487.049

2.487.049

2.487.000

Other reserves

4.094.787

3.224.544

3.161.942

3.006.601

2.487.000

Non-distributable profit

538.795

870.243

62.602

155.341

609.000

Total reserves

7.120.631

6.581.836

5.711.593

5.648.991

5.583.000

Total equity

7.170.631

6.631.836

5.761.593

5.698.991

5.634.000

 

Provisions

186.916

208.551

112.460

 

 

Long term interest yielding debt

 

 

 

7.500

 

Other long term liabilities

 

 

 

 

38.000

Long term liabilities

 

7.500

38.000

Accounts payable

3.316.998

2.783.228

2.629.545

1.485.988

1.413.000

Other short term liabilities

6.045.814

4.490.897

3.413.789

2.124.184

3.452.000

Short term liabilities

9.362.812

7.274.125

6.043.334

3.610.172

4.865.000

Total short and long term liabilities

9.549.728

7.482.676

6.155.794

3.617.672

4.903.000

Total liabilities

16.720.359

14.114.512

11.917.387

9.316.663

10.536.000

 

 

Summary

 

The total assets of the company increased with 18.46 % between 2011 and 2012.

Despite the assets growth, the non current assets decreased with -2.01 %.

The asset growth has mainly been financed by a debt increase of 27.62 %. The Net Worth,

however, grew with 8.12 %.

In 2012 the assets of the company were 8.16 % composed of fixed assets and 91.84 % by

current assets. The assets are being financed by an equity of 42.89 %, and total debt of

57.11 %.

 

The total assets of the company increased with 18.44 % between 2010 and 2011.

The fixed asset growth of 3.22 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 21.56 %. The Net Worth,

however, grew with 15.1 %.

In 2011 the assets of the company were 9.87 % composed of fixed assets and 90.13 % by

current assets. The assets are being financed by an equity of 46.99 %, and total debt of

53.01 %.

 

 

 

 

Profit and loss

 

Year

2012

2011

2010

2009

2008

Revenues

30.915.634

28.381.652

19.206.491

20.051.558

27.456.000

Net turnover

30.915.634

28.381.652

19.206.491

20.051.558

27.456.000

 

Gross margin

6.398.013

6.618.939

4.056.752

4.235.974

 

 

Wages and salaries

2.373.166

2.170.794

1.708.928

1.647.430

1.808.000

Amorization and depreciation

226.276

221.281

159.451

150.315

165.000

Sales

24.517.621

21.762.713

15.149.739

15.815.584

 

other operating costs

2.793.144

2.823.705

1.911.548

2.023.139

2.221.000

Raw materials and consumables

 

 

 

 

22.038.000

Operating expenses

29.910.207

26.978.493

18.929.666

19.636.468

26.233.000

Operating result

1.005.427

1.403.159

276.825

415.090

1.223.000

 

Financial income

 

23.177

 

 

12.000

Financial expenses

 

294.234

185.291

210.627

440.000

Financial result

-315.881

-271.057

-185.291

-210.627

-428.000

Result on ordinary operations before taxes

689.546

1.132.102

91.534

204.463

795.000

Taxation on the result of ordinary activities

150.751

261.859

28.932

49.122

186.000

 

Result of ordinary activities after taxes

538.795

870.243

62.602

155.341

609.000

 

Net result

538.795

870.243

62.602

155.341

609.000

 

 

Summary

 

The turnover of the company grew with 8.93 % between 2011 and 2012.

The gross profit of the company decreased by -3.34 % between 2011 and 2012.

The operating result of the company declined with -28.35 % between 2011 and 2012. This

evolution implies an decrease of the company's economic profitability.

The result of these changes is a reduction of the company's Economic Profitability of -48.63

% of the analysed period, being equal to 2011 % in the year 2012.

This fall has contributed to a asset turnover decrease, whose index evolved from -7.96 to a

level of 1.85.

 

The Net Result of the company increased by -38.09 % between 2011 and 2012.

The company's Financial Profitability has been positively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability increase of

-43.64 % of the analysed period, being 9.62 % in the year 2012.

The company's financial profitability has been positively affected by its financial structure.

The turnover of the company grew with 47.77 % between 2010 and 2011.

The gross profit of the company grew with 63.16 % between 2010 and 2011.

The operating result of the company grew with 406.88 % between 2010 and 2011. This

evolution implies an increase of the company's economic profitability.

The result of these changes is an increase of the company's Economic Profitability of 941.56

% of the analysed period, being equal to 2010 % in the year 2011.

This growth has contributed to the increase in assets turnover, increasing by 24.84 %

reaching 2.01.

The Net Result of the company decreased by 1290.12 % between 2010 and 2011.

The company's Financial Profitability has been negatively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability reduction

of 973.58 % of the analysed period, being 17.07 % in the year 2011.

The company's financial structure has slowed down its financial profitability.

 

 

 

 

 

Analysis

 

Branch (SBI)    Wholesale trade (no motor vehicles and motorcycles) (46)

Region             Zuid-Holland Oost

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Zuid-Holland Oost 4943 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region Zuid-Holland Oost 86 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-Holland Oost is normal

 

 

Publications

 

Filings  08-11-2013: De jaarrekening over 2012 is gepubliceerd.

20-08-2012: De jaarrekening over 2011 is gepubliceerd.

17-05-2011: De jaarrekening over 2010 is gepubliceerd.

09-09-2010: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Arcus Holding B.V.

Nijverheidstraat 4

3316AP DORDRECHT

Netherlands

Registration number: 230454930000

 

• Arcus Nederland B.V.

Nijverheidstraat 4

3316AP Dordrecht

Netherlands

Registration number: 243389070000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.34

UK Pound

1

Rs.103.44

Euro

1

Rs.81.96

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.