MIRA INFORM REPORT

 

 

Report Date :

28.08.2014              

 

IDENTIFICATION DETAILS

 

Name :

BML FOOD GROUP HOLLAND B.V.

 

 

Registered Office :

Toussaintkade 50A, 2513CL 's-Gravenhage

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

25.06.2007

 

 

Com. Reg. No.:

KvK-nummer: 27302568

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Non-specialized wholesale of food

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Slow

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Netherlands

A1

1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

 

Summary

 

Company name           BML Food Group Holland B.V.

Operative address       Toussaintkade 50A

2513CL 's-Gravenhage

Netherlands

Legal form                   Besloten Vennootschap

Registration number    KvK-nummer: 27302568

VAT-number                818162958

 

Year

2013

 

Mutation

2012

 

Mutation

2011

Fixed assets

6.881

 

6,37

6.469

 

-68,25

20.378

Total receivables

2.208.265

 

15,56

1.910.976

 

-2,64

1.962.817

 

Total equity

-803.802

*

44,51

-1.448.491

 

-9,38

-1.324.333

Short term liabilities

2.113.092

4

-42,12

3.650.913

 

-15,92

4.342.072

 

Working capital

2.103.666

 

2.985,69

-72.900

 

-112,80

569.710

Quick ratio

1,05

r

101,92

0,52

 

15,56

0,45

 

 

 

Contact information

 

Company name                       BML Food Group Holland B.V.

Trade names                           BML Food Group Holland B.V.

Operative address                   Toussaintkade 50A

2513CL 's-Gravenhage

Netherlands

Correspondence address         Toussaintkade 50A

2513CL 's-Gravenhage

Netherlands

Telephone number                  0703923875

Fax number                             0703923876

Email address                          info@bmlfoodgroup.nl

Website                                   www.bmlfoodgroup.nl

 

 

Registration

 

Registration number                            KvK-nummer: 27302568

Branch number                                    000019850522

VAT-number                                        818162958

Status Active

First registration company register      2007-06-26

Memorandum                                      2007-06-25

Establishment date                              2007-06-25

Legal form                                           Besloten Vennootschap

 

 

Activities

 

SBI                               Non-specialized wholesale of food (4639)

Exporter                       Yes

Importer                       Yes

Goal                             De groothandel in- en im- en export van koopmansgoederen, met name levensmiddelen

 

 

Management

 

Active management    B.H.J. Slothouber Holding B.V.

Wildhoeflaan 27

2566RS 'S-GRAVENHAGE

Netherlands

Registration number: 271260030000

Competence: Fully authorized

Function: Manager

Starting date: 2007-06-25

 

 

Employees

 

Total according to the Chamber of Commerce            0

Year                 2014                 2013                 2012                 2011                 2010

Total                0                      2                      3                      2                      4

 

 

Payments

 

Description                                          Slow

 

 

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,05

0,52

0,45

0,28

0,36

Current ratio

2,00

0,98

1,13

0,85

0,64

 

Working capital/ balance total

0,50

-0,02

0,12

-0,18

-0,55

Equity / balance total

-0,19

-0,40

-0,27

-0,43

-0,52

Equity / Fixed assets

-116,81

-223,91

-64,99

-39,02

-20,60

Equity / liabilities

-0,16

-0,29

-0,21

-0,30

-0,34

Balance total / liabilities

0,84

0,71

0,79

0,70

0,66

 

Working capital

2.103.666

-72.900

569.710

-413.241

-822.305

Equity

-803.802

-1.448.491

-1.324.333

-1.009.121

-784.232

Mutation equity

44,51

-9,38

-31,24

-28,68

-47,66

Mutation short term liabilities

-42,12

-15,92

58,13

20,12

6,47

 

 

Summary

 

The 2013 financial result structure is a postive working captial of 2.103.666 euro, which is in

agreement with 50 % of the total assets of the company.

The working capital has increased with 2985.69 % compared to previous year. The ratio, with

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

The improvement between 2012 and 2013 has mainly been caused by an increase of the

current assets.

The current ratio of the company in 2013 was 2. A company with a current ratio between 1.5

and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2013 of the company was 1.05. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities

 

The 2012 financial result structure is a negative working captial of -72.900 euro, which is in

agreement with -2 % of the total assets of the company.

The working capital has diminished with -112.8 % 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 0.98. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

The quick ratio in 2012 of the company was 0.52. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities

 

 

 

 

 

Financial statement

 

Remark annual account          The company is obliged to file its financial statements.

Type of annual account           Corporate

Annual account                       BML Food Group Holland B.V.

Toussaintkade 50A

2513CL 's-Gravenhage

Netherlands

Registration number: 273025680000

 

 

Balance

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Fixed assets

6.881

6.469

20.378

25.860

38.073

 

Total stock

2.008.493

1.667.037

2.948.965

1.566.012

644.874

Total receivables

2.208.265

1.910.976

1.962.817

766.696

674.258

Liquid funds

 

 

 

 

144.507

Current assets

4.216.758

3.578.013

4.911.782

2.332.708

1.463.639

Total assets

4.223.639

3.584.482

4.932.160

2.358.568

1.501.712

 

Issued capital

18.000

18.000

18.000

18.000

18.000

Other reserves

-821.802

-1.466.491

-1.342.333

-1.027.121

-802.232

Total reserves

-821.802

-1.466.491

-1.342.333

-1.027.121

-802.232

Total equity

-803.802

-1.448.491

-1.324.333

-1.009.121

-784.232

 

Long term interest yielding debt

2.914.349

1.382.060

1.914.421

621.739

 

Long term liabilities

2.914.349

1.382.060

1.914.421

621.739

 

Short term liabilities

2.113.092

3.650.913

4.342.072

2.745.949

2.285.944

Total short and long term liabilities

5.027.441

5.032.973

6.256.493

3.367.688

2.285.944

Total liabilities

4.223.639

3.584.482

4.932.160

2.358.568

1.501.712

 

 

Summary

 

The total assets of the company increased with 17.83 % between 2012 and 2013.

The fixed asset growth of 6.37 % is lower than the total asset growth.

In 2013 the assets of the company were 0.16 % composed of fixed assets and 99.84 % by

current assets. The assets are being financed by an equity of -19.03 %, and total debt of

119.03 %.

The total assets of the company decreased with -27.32 % between 2011 and 2012.

This downturn is mainly retrievable in the fixed asset decrease of -68.25 %.

Assets reduction is explained by a Net Worth decrease of -9.38 %, and an indebtedness

reduction of -19.56 %.

In 2012 the assets of the company were 0.18 % composed of fixed assets and 99.82 % by

current assets. The assets are being financed by an equity of -40.41 %, and total debt of

140.41 %.

 

 

 

Analysis

 

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

Region             Groot Den Haag

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

In the region Groot Den Haag 5671 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 Groot Den Haag 119 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 Groot Den Haag is normal

 

 

Publications

 

Filings              22-07-2014: De jaarrekening over 2013 is gepubliceerd.

12-06-2013: De jaarrekening over 2012 is gepubliceerd.

01-02-2013: De jaarrekening over 2011 is gepubliceerd.

16-01-2012: De jaarrekening over 2010 is gepubliceerd.

14-04-2010: De jaarrekening over 2009 is gepubliceerd.

29-01-2010: De jaarrekening over 2007 is gepubliceerd.

29-01-2010: De jaarrekening over 2008 is gepubliceerd

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.46

UK Pound

1

Rs.100.14

Euro

1

Rs.79.65

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

PDT

 

               

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.