MIRA INFORM REPORT

 

 

Report Date :

20.02.2014

 

IDENTIFICATION DETAILS

 

Name :

HERB-INDUSTRIES B.V.

 

 

Registered Office :

Doblijn 26, 1046BN Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.01.1994

 

 

Com. Reg. No.:

34086308

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesaler of outerwear Clothing for Men's, Women’s & Boys'

 

 

No. of Employees :

02 (2014)

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 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

 

 

company Summary

 

Company name            Herb-Industries B.V.

 

Operative address        Doblijn 26

1046BN Amsterdam

Netherlands

Status                          Active

Legal form                   Besloten Vennootschap (Private Company )

Registration number    KvK-nummer: 34086308

VAT-number                 809518661

 

Year

2012

Mutation

2011

Mutation

2010

Fixed assets

152.551

-30,41

219.225

-66,30

650.509

Total receivables

601.122

214,39

191.203

-67,71

592.153

Total equity

529.719

69,21

313.056

-74,26

1.216.321

Short term liabilities

656.357

9,61

598.821

276,31

159.130

Working capital

377.168

301,97

93.831

-83,42

565.812

Quick ratio

1,13

140,43

0,47

-88,89

4,23

 


Contact information

 

Company name            Herb-Industries B.V.

Trade names                Herb-Industries B.V.

 

Operative address        Doblijn 26

1046BN Amsterdam

Netherlands

 

Correspondence

address                        Doblijn 26

1046BN Amsterdam

Netherlands

Telephone number       0204471100

Fax number                  0204771101

Mobile number             0655112372

 

Email address             info@herbindustries.nl

Website                        www.herbindustries.nl

 

 

Registration

 

Registration number    KvK-nummer: 34086308

Branch number            000019759916

VAT-number                 809518661

Status                          Active

 

First registration

company register         2001-01-29

Memorandum               2001-01-09

Establishment date      1994-01-01

Legal form                   Besloten Vennootschap (Private Company)

 

 

Activities

 

Wholesaler of outerwear Clothing for Men's, Women’s & Boys'

 

Exporter                       No

Importer                       No

 

Goal                             Groothandel in dames-, heren- en kinderkleding

(Wholesale of women's, men's and children's)

 

Relations

 

Shareholders   CPG Beheer B.V.

Doblijn 26

1046BN AMSTERDAM

Netherlands

Registration number: 341490870000

Percentage: 100.00%

 

Branches          Herb-Industries B.V.

Oud-Loosdrechtsedijk 197A

1231LW LOOSDRECHT

Netherlands

Registration number: 340863080001

 

Companies on same address

10feet B.V.

Registration number: 341947160000

 

CPG Beheer B.V.

Registration number: 341490870000

 

 

Management

 

Active management

 

CPG Beheer B.V.

Doblijn 26

1046BN AMSTERDAM

Netherlands

Registration number: 341490870000

Competence: Fully authorized

Function: General Director

Starting date: 2001-01-09

 

 

Employees

 

Total according to the Chamber of Commerce 2

 

Year                 2014                 2012                 2011                 2010                 2009

Total                 2                      2                      2                      2                      2

 

 

 

Payments

 

Description                  Payments made under regular condition

 

Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

1,13

0,47

4,23

1,81

1,67

Current ratio

1,57

1,16

4,56

1,83

1,77

Working capital/ balance total

0,32

0,10

0,41

0,29

0,26

Equity / balance total

0,45

0,34

0,88

0,65

0,66

Equity / Fixed assets

3,47

1,43

1,87

1,81

1,63

Equity / liabilities

0,81

0,52

7,64

1,86

1,98

Balance total / liabilities

1,81

1,52

8,64

2,86

2,98

Working capital

377.168

93.831

565.812

762.935

756.565

Equity

529.719

313.056

1.216.321

1.701.959

1.952.066

Mutation equity

69,21

-74,26

-28,53

-12,81

-9,04

Mutation short term liabilities

9,61

276,31

-82,63

-7,14

-28,40

 

Summary

The 2012 financial result structure is a positive working capital of 377.168 euro, which is in

agreement with 32 % of the total assets of the company.

 

The working capital has increased with 301.97 % compared to previous year. The ratio, with

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

 

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 1.57. 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 1.13. 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 93.831 euro, which is in

agreement with 10 % of the total assets of the company.

 

The working capital has diminished with -83.42 % 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 an increase of the

current liabilities.

 

The current ratio of the company in 2011 was 1.16. 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 0.47. 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                        Herb-Industries B.V.

Doblijn 26

1046BN Amsterdam

Netherlands

Registration number: 340863080000

 

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

3.321

13.509

33.269

60.762

91.540

Financial fixed assets

149.230

205.716

617.240

878.262

1.103.961

Fixed assets

152.551

219.225

650.509

939.024

1.195.501

Inventories

293.496

409.469

51.067

23.830

97.444

Total receivables

601.122

191.203

592.153

1.108.057

1.157.456

Liquid funds

138.907

91.980

81.722

547.163

488.268

Current assets

1.033.525

692.652

724.942

1.679.050

1.743.168

Total assets

1.186.076

911.877

1.375.451

2.618.074

2.938.669

Total equity

529.719

313.056

1.216.321

1.701.959

1.952.066

Short term liabilities

656.357

598.821

159.130

916.115

986.603

 

Total short and long term liabilities

656.357

598.821

159.130

916.115

986.603

 

Total liabilities

1.186.076

911.877

1.375.451

2.618.074

2.938.669

 

 

Summary

The total assets of the company increased with 30.07 % between 2011 and 2012.

 

Despite the assets growth, the non current assets decreased with -30.41 %.

 

The asset growth has mainly been financed by a Net Worth increase of 69.21 %. Debt,

however, grew with 9.61 %.

 

In 2012 the assets of the company were 12.86 % composed of fixed assets and 87.14 % by

current assets. The assets are being financed by an equity of 44.66 %, and total debt of

55.34 %.

 

The total assets of the company decreased with -33.7 % between 2010 and 2011.

 

This downturn is mainly retrievable in the fixed asset decrease of -66.3 %.

 

The asset reduction results in an equity decrease of -74.26 %. Despite the decrease, the

indebtness increased with 276.31 %.

 

In 2011 the assets of the company were 24.04 % composed of fixed assets and 75.96 % by

current assets. The assets are being financed by an equity of 34.33 %, and total debt of

65.67 %.

 

 

 

Analysis

 

Branch (SBI)

Groothandel en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)

 

 

Region

Groot Amsterdam

In the Netherlands 107516 of the companies are registered with the SBI code 46

In the region Groot Amsterdam 10265 of the companies are registered with the SBI code 46

In the Netherlands 2108 of the bankruptcies are published within this sector

In the region Groot Amsterdam 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 Amsterdam is normal

Publications

 

Filings

04-09-2013: De jaarrekening over 2012 is gepubliceerd.

15-06-2012: De jaarrekening over 2011 is gepubliceerd.

21-12-2011: De jaarrekening over 2010 is gepubliceerd.

14-09-2010: De jaarrekening over 2009 is gepubliceerd.

29-12-2009: De jaarrekening over 2008 is gepubliceerd.

24-03-2009: De jaarrekening over 2007 is gepubliceerd

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.12

UK Pound

1

Rs.103.93

Euro

1

Rs.85.17

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.