MIRA INFORM REPORT

 

 

Report Date :

23.12.2014

 

IDENTIFICATION DETAILS

 

Name :

VECTURA TRANSPORT & TRADING B.V.

 

 

Registered Office :

Veerhaven 7Box Nnr:4, 3016CJ Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

29.11.1999

 

 

Com. Reg. No.:

24298436

 

 

Legal Form :

Private Company

 

 

Line of Business :

Forwarding Agencies

 

(Note: We tried to confirm obtain the details activity but the same is not available from any source.)

 

 

No. of Employees :

12

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 Summary

 

Company name                        Vectura Transport & Trading B.V.

 

Operative address                    Veerhaven 7Box Nnr:4

3016CJ Rotterdam

Netherlands

 

Legal form                               Private Company

 

Registration number                KvK-nummer: 24298436

 

VAT-Number                            808624702

 

 

Year

2012

 

Mutation

2011

 

Mutation

2010

Fixed assets

53.017

 

-43,88

94.464

 

-65,71

275.507

Total receivables

366.707

 

-33,12

548.305

 

-19,37

680.032

 

Total equity

-28.633

 

-228,36

22.306

 

497,47

-5.612

Short term liabilities

521.190

 

-37,28

831.007

 

-25,98

1.122.724

 

Working capital

-42.929

 

40,51

-72.158

 

74,33

-281.119

Quick ratio

0,92

 

1,10

0,91

 

21,33

0,75

 

 

 

 

Contact information

 

Company name                        Vectura Transport & Trading B.V.

Trade names                            Vectura Transport & Trading B.V.

Operative address                    Veerhaven 7Box Nnr:4

3016CJ Rotterdam

Netherlands

Correspondence address         Veerhaven 7Box Nnr:4

3016CJ Rotterdam

Netherlands

Telephone number                   0104292535

Fax number                              0104951045

Email address                          vectura@vectura.nl

Website                                    www.vectura.nl

 

 

Registration

 

Registration number                KvK-nummer: 24298436

Branch number                        000019924682

VAT-number                             808624702

Status                                      Active

First registration company register 1999-12-08

Memorandum                           1999-11-29

Establishment date                  1999-11-29

Legal form                               Private Company

Issued placed capital               EUR 18.500

Paid up share capital               EUR 18.500

 

 

Activities

 

SBI                                           Forwarding agencies (52291)

Exporter                                   No

Importer                                   No

Goal                                         The perception of the management of companies and of companies, the perception of agencies, the negotiation of ship chartering, exercising the forwarding, trade in goods, performing work in the field of groupage. management Company

 

 

Relations

 

Shareholders                           Aqua Strata B.V.

Veerhaven 7Box NNR.4

3016CJ ROTTERDAM

Netherlands

Registration number: 241766300000

Percentage: 100%

 

 

Management

 

Active management                  Aqua Strata B.V.

Veerhaven 7Box NNR.4

3016CJ ROTTERDAM

Netherlands

Registration number: 241766300000

Competence: Fully authorized

Function: Manager

Starting date: 1999-11-29

 

 

Employees

 

Total according to the Chamber of Commerce

12

                                                                                                                                                   

Year

2014

2012

2011

2010

2009

Total

12

12

12

11

12

 

 

 

 

Payments

 

Description                                          Payments made under regular condition

 

 

Key Figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

0,92

0,91

0,75

0,59

0,79

Current ratio

0,92

0,91

0,75

0,59

0,79

 

Working capital/ balance total

-0,08

-0,08

-0,25

-0,45

-0,22

Equity / balance total

-0,05

0,03

-0,01

-0,10

-0,02

Equity / Fixed assets

-0,54

0,24

-0,02

-0,29

-0,10

Equity / liabilities

-0,05

0,03

0,00

-0,09

-0,02

Balance total / liabilities

0,95

1,03

1,00

0,91

0,98

 

Year

2012

2011

2010

2009

2008

Working capital

-42.929

-72.158

-281.119

-448.080

-184.449

Equity

-28.633

22.306

-5.612

-100.857

-17.081

Mutation equity

-228,36

497,47

94,44

-490,46

-156,01

Mutation short term liabilities

-37,28

-25,98

2,27

26,65

-42,48

 

Summary                     The 2012 financial result structure is a negative working captial of -42.929 euro, which is   in agreement with -8 % of the total assets of the company.

The working capital has increased with 40.51 % compared to previous year. The ratio with respect to the total assets of the company remains unchanged.

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

The current ratio of the company in 2012 was 0.92. 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 0.92. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2011 financial result structure is a negative working captial of -72.158 euro, which is in agreement with -8 % of the total assets of the company.

The working capital has increased with 74.33 % 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 0.91. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

The quick ratio in 2011 of the company was 0.91. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

 

 

 

 

 

 

Financial statement

 

Last annual account                             2012

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

Type of annual account                        Corporate

Annual account                                    Vectura Transport & Trading B.V.

Veerhaven 7Box Nnr:4

3016CJ Rotterdam

Netherlands

Registration number: 242984360000

 

 

Balance

 

Year

2012

2011

2010

2009

2008

End date

2012-12-31

2011-12-31

2010-12-31

2009-12-31

2008-12-31

Tangible fixed assets

53.017

94.464

275.507

347.223

167.368

Fixed assets

53.017

94.464

275.507

347.223

167.368

 

Total receivables

366.707

548.305

680.032

483.787

524.598

Liquid funds

111.554

210.544

161.573

165.908

157.733

Current assets

478.261

758.849

841.605

649.695

682.331

Total assets

531.278

853.313

1.117.112

996.918

849.699

 

Issued capital

18.500

18.500

18.500

18.500

18.500

Other reserves

-47.133

3.806

-24.112

-119.357

-35.581

Total reserves

-47.133

3.806

-24.112

-119.357

-35.581

Total equity

-28.633

22.306

-5.612

-100.857

-17.081

 

Long term interest yielding debt

38.721

 

 

 

 

Long term liabilities

38.721

 

Short term liabilities

521.190

831.007

1.122.724

1.097.775

866.780

Total short and long term liabilities

559.911

831.007

1.122.724

1.097.775

866.780

Total liabilities

531.278

853.313

1.117.112

996.918

849.699

 

Summary                     The total assets of the company decreased with -37.74 % between 2011 and 2012.

This downturn is mainly retrievable in the fixed asset decrease of -43.88 %.

Assets reduction is explained by a Net Worth decrease of -228.36 %, and an indebtedness reduction of -32.62 %.

In 2012 the assets of the company were 9.98 % composed of fixed assets and 90.02 % by current assets. The assets are being financed by an equity of -5.39 %, and total debt of 105.39 %.

The total assets of the company decreased with -23.61 % between 2010 and 2011.

This downturn is mainly retrievable in the fixed asset decrease of -65.71 %.

The asset reduction is in contrast with the equity growth of 497.47 %. Due to this the total

debt decreased with -25.98 %.

In 2011 the assets of the company were 11.07 % composed of fixed assets and 88.93 % by current assets. The assets are being financed by an equity of 2.61 %, and total debt of 97.39 %.

 

 

 

 

 

 

Analysis

 

Branch (SBI)                             Warehousing and support activities for transportation (52)

Region                                     Groot Rotterdam

In the Netherlands 9324 of the companies are registered with the SBI code 52

In the region Groot Rotterdam 2212 of the companies are registered with the SBI code 52

In the Netherlands 202 of the bankrupcties are published within this sector

In the region Groot Rotterdam 41 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 Rotterdam is normal

 

 

Publications

 

Filings                                                 11-12-2013: De jaarrekening over 2012 is gepubliceerd.

19-04-2012: De jaarrekening over 2011 is gepubliceerd.

16-06-2011: De jaarrekening over 2010 is gepubliceerd.

11-01-2011: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Relations                                  3

Aqua Strata B.V.

Veerhaven 7Box NNR.4

3016CJ ROTTERDAM

Netherlands

Registration number: 241766300000

 

Vectura Transport & Trading B.V.

Veerhaven 7Box Nnr:4

3016CJ Rotterdam

Netherlands

Registration number: 242984360000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.18

UK Pound

1

Rs.98.85

Euro

1

Rs.77.42

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

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.