MIRA
INFORM REPORT
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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
BEST ENVIRONMENTAL & SAFETY TECHNOLOGY
B.V. |
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Registered Office : |
Newtonweg 17A, 3208KD Spijkenisse |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
02.07.1998 |
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Com. Reg. No.: |
24285737 |
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Legal Form : |
Private Company |
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Line of Business : |
· Wholesaler of work wear wholesaler and development of personal
protective equipment serving safe
handling of environmentally hazardous substances and rental of this equipment |
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No. of Employees : |
23 (2013) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Summary
Company name Best Environmental & Safety Technology
B.V.
Operative address Newtonweg
17A
3208KD Spijkenisse
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
24285737
VAT-number 807114601
Year 2012
Mutation 2011 Mutation
2010
Total receivables 2.144.060
13,19 1.894.225 -1,87
1.930.239
Total equity 1.120.174
-6,02 1.191.921 -5,46
1.260.770
Short term liabilities 2.106.557
8,10 1.948.784 -7,52
2.107.151
Working capital 1.433.503 -9,95 1.591.921 26,27
1.260.770
Quick ratio 1,02
0,99 1,01 4,12 0,97
Contact information
Company name Best
Environmental & Safety Technology B.V.
Trade names Best
Environmental & Safety Technology B.V.
Operative address Newtonweg
17A
3208KD Spijkenisse
Netherlands
Correspondence address Postbus
385
3200AJ Spijkenisse
Netherlands
Telephone number 0181610116
Fax number 0181624447
Email address info@bestbv.nl
Website
www.bestbv.nl / www.simplybest.nl
Registration
Registration number KvK-nummer:
24285737
Branch number 000019335636
VAT-number 807114601
Status Active
First registration
company register 1998-07-06
Memorandum 1998-07-02
Establishment date 1998-07-02
Legal form Besloten
Vennootschap (Private Company)
Last
proposed admendment 2001-12-18
Activities
SBI Wholesale
of work wear (46422)
Exporter No
Importer No
Goal De
groothandel in en ontwikkeling van persoonlijke beschermingsmiddelen,
-apparatuur
t.b.v.
veilig verwerken van milieu-gevaarlijke stoffen en verhuur van deze apparatuur
(The
wholesale and development of personal protective equipment
serving
safe handling of environmentally hazardous substances and rental of this
equipment)
Relations
Shareholders Best
Beheer Nederland B.V.
Newtonweg 17A
3208KD SPIJKENISSE
Netherlands
Registration number: 242493320000
Percentage:
100.00%
Management
Active management
Best Beheer Nederland B.V.
Newtonweg 17A
3208KD SPIJKENISSE
Netherlands
Registration number: 242493320000
Competence: Fully authorized
Function: Manager
Starting date: 2013-09-12
S.N.V. Harinarain (Shailendra Neelkanth Vishwejee)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-12-01
Date of birth: 1991-11-13, Rotterdam, NL
S.E. Salaz (Silvana Elfira)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-06-11
Date of birth: 1985-03-12, Spijkenisse, NL
Employees
Year 2013
2012 2011 2010 2009
Total 23
23 23 17 18
Payments
Description
The payments are regular
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Key figures |
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Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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Quick ratio |
1,02 |
1,01 |
0,97 |
0,95 |
0,96 |
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Current ratio |
1,68 |
1,82 |
1,60 |
1,57 |
1,58 |
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Working capital/ balance total |
0,40 |
0,45 |
0,37 |
0,36 |
0,37 |
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Equity / balance total |
0,32 |
0,34 |
0,37 |
0,36 |
0,32 |
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Equity / liabilities |
0,46 |
0,51 |
0,60 |
0,57 |
0,48 |
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Balance total / liabilities |
1,46 |
1,51 |
1,60 |
1,57 |
1,48 |
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Working capital |
1.433.503 |
1.591.921 |
1.260.770 |
1.253.132 |
1.289.419 |
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Equity |
1.120.174 |
1.191.921 |
1.260.770 |
1.253.132 |
1.129.419 |
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Mutation equity |
-6,02 |
-5,46 |
0,61 |
10,95 |
66,34 |
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Mutation short term liabilities |
8,10 |
-7,52 |
-4,88 |
0,05 |
23,96 |
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Summary
The 2012 financial result structure is a positive working
capital of 1.433.503 euro, which is in
agreement with 40 % of the total assets of the company.
The working capital has diminished with -9.95 % 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 1.68. 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 1.02. A company
with a Quick Ratio of more than
1 can currently pay back its current liabilities.
The 2011 financial result structure is a positive working
capital of 1.591.921 euro, which is in
agreement with 45 % of the total assets of the company.
The working capital has increased with 26.27 % 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 1.82. 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 1.01. 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 Best
Environmental & Safety Technology B.V.
Newtonweg 17A
3208KD Spijkenisse
Netherlands
Registration
number: 242857370000
Balance
Sheet
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Inventories |
1.388.590 |
1.578.652 |
1.332.647 |
1.358.204 |
1.376.323 |
|
Total receivables |
2.144.060 |
1.894.225 |
1.930.239 |
1.806.246 |
2.119.210 |
|
Liquid funds |
7.410 |
67.828 |
105.035 |
303.831 |
7.896 |
|
Current assets |
3.540.060 |
3.540.705 |
3.367.921 |
3.468.281 |
3.503.429 |
|
Total assets |
3.540.060 |
3.540.705 |
3.367.921 |
3.468.281 |
3.503.429 |
|
Total equity |
1.120.174 |
1.191.921 |
1.260.770 |
1.253.132 |
1.129.419 |
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Long term interest yielding debt |
313.329 |
400.000 |
|
|
160.000 |
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Long term liabilities |
313.329 |
400.000 |
|
160.000 |
|
|
Short term liabilities |
2.106.557 |
1.948.784 |
2.107.151 |
2.215.149 |
2.214.010 |
|
Total short and long term liabilities |
2.419.886 |
2.348.784 |
2.107.151 |
2.215.149 |
2.374.010 |
|
Total liabilities |
3.540.060 |
3.540.705 |
3.367.921 |
3.468.281 |
3.503.429 |
Summary
The total assets remained the same between 2011 and 2012.
Despite the unchanged assets the net worth declined with
-6.02 %, which has resulted in the
fact that the company's indebtedness increased with 3.03
%.
The total assets of the company increased with 5.13 %
between 2010 and 2011.
Asset growth is in contrasts with the net worth decline of
-5.46 %. The company's
indebtedness has, therefore,
increased with 11.47 %.
Analysis
Branch (SBI)
Groothandel en Wholesale on a fee or contract basis (niet
in auto’s en motorfietsen) (46)
Region
Groot Rotterdam
In the Netherlands 107516 of the companies are registered
with the SBI code 46
In the region Groot Rotterdam 8793 of the companies are
registered with the SBI code 46
In the Netherlands 2108 of the bankrupcties are published
within this sector
In the region Groot Rotterdam 192 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
19-04-2013: De jaarrekening over 2012 is gepubliceerd.
21-03-2013: De jaarrekening over 2011 is gepubliceerd.
24-02-2012: De jaarrekening over 2010 is gepubliceerd.
03-02-2011: De jaarrekening over 2009 is gepubliceerd.
22-07-2009: De jaarrekening over 2008 is gepubliceerd.
Functions
07-10-2013: Per 12-09-2013 is bestuurder 24249332 Best
Beheer Nederland B.V. in functie getreden.
07-10-2013: Per 12-09-2013 is bestuurder Anand Harinarain
uit functie getreden.
24-06-2013: Per 11-06-2013 is gevolmachtigde Silvana
Elfira Salaz in functie getreden.
02-05-2013: Per 01-12-2012 is gevolmachtigde Shailendra
Neelkanth Vishwejeet Harinarain in functie getreden.
31-08-2012: Per 01-12-2011 is bestuurder Petrus Alfonsus
Maria van Deursen uit functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
UK Pound |
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.