MIRA
INFORM REPORT
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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
MACHINEHANDEL LEKKERKERKER B.V. |
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Registered Office : |
Handelsweg 2, 3411NZ Lopik |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
18.12.1996 |
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Com. Reg. No.: |
30138665 |
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Legal Form : |
Private company |
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Line of Business : |
Wholesaler of machines for food and beverage processing |
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No. of Employees : |
29 (2012) |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 Machinehandel Lekkerkerker B.V.
Operative address Handelsweg
2
3411NZ Lopik
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private company)
Registration number KvK-nummer:
30138665
VAT-number 805613900
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
485.011 |
-82,60 |
2.787.996 |
14,18 |
2.441.704 |
|
Total receivables |
698.029 |
-31,25 |
1.015.246 |
-59,87 |
2.529.853 |
|
Total equity |
3.884.209 |
-17,42 |
4.703.459 |
15,54 |
4.070.905 |
|
Short term liabilities |
1.382.362 |
-19,38 |
1.714.610 |
-38,38 |
2.782.765 |
|
Net result |
-186.750 |
-129,52 |
632.554 |
-- |
-- |
|
Working capital |
3.500.717 |
58,95 |
2.202.440 |
17,15 |
1.879.987 |
|
Quick ratio |
0,94 |
56,67 |
0,60 |
-34,07 |
0,91 |
Contact information
Company name Machinehandel
Lekkerkerker B.V.
Trade names Machinehandel
Lekkerkerker B.V.
Machinehandel
Lekkerkerker B.V.
Operative address Handelsweg
2
3411NZ
Lopik
Netherlands
Correspondence address Handelsweg
2
3411NZ Lopik
Netherlands
Telephone number 0348558080
Fax number 0348554894
Email address machinehandel@lekkerkerker.nl
Website www.lekkerkerker.nl
Registration
Registration number KvK-nummer:
30138665
Branch number 000019133316
VAT-number 805613900
Status Active
First registration
company register 1996-12-24
Memorandum 1996-12-18
Establishment date 1996-12-18
Legal
form Besloten
Vennootschap (Private Company)
Activities
SBI Wholesale
of machines for food and beverage processing (46682)
Exporter No
Importer No
Goal Het
uitoefenen van een machinehandel, gespecialiseerd in de verkoop en
reparatie
van machines uit de zuivel- en voedingsmiddelenindustrie.
(Exercising a machine shop specializing in the sale and
repair of machines from the dairy and food industries.)
Relations
Shareholders Lekkerkerker
Holding Benschop B.V.
Handelsweg
2
3411NZ LOPIK
Netherlands
Registration number: 300655310000
Percentage: 100.00%
Companies on same address Lekkerkerker
Holding Benschop B.V.
Registration number: 300655310000
Omega3 Zuivel B.V.
Registration number: 301984960000
Management
Active management
Lekkerkerker Holding Benschop B.V.
Handelsweg 2
3411NZ LOPIK
Netherlands
Registration number: 300655310000
Competence: Fully authorized
Function: Manager
Starting date: 1996-12-18
N.C. Lekkerkerker (Nicolaas Cornelis)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2013-05-01
Date of birth: 1981-03-03, Gouda, NL
N.C. Lekkerkerker (Nicolaas Cornelis)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2013-05-01
Date of birth: 1981-03-03, Gouda, NL
C.T.H. van Beek (Cornelis Theodora Hendrikus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1998-02-01
Date of birth: 1971-01-03, Lopik, NL
C.T.H. van Beek (Cornelis Theodora Hendrikus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1998-02-01
Date of birth: 1971-01-03, Lopik, NL
T. Broere (Teunis)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-08-01
Date of birth: 1952-07-31, Rotterdam, NL
T. Broere (Teunis)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-08-01
Date of birth: 1952-07-31, Rotterdam, NL
W. de Bruijn (Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-05-01
Date of birth: 1979-08-01, Utrecht, NL
W. de Bruijn (Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-05-01
Date of birth: 1979-08-01,
Utrecht, NL
Employees
Year 2012
2011 2010 2009 2008
Total 29 29
35 35 35
Payments
Description
Payments
made under regular condition
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Key figures |
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|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,94 |
0,60 |
0,91 |
1,00 |
0,86 |
|
Current ratio |
3,53 |
2,28 |
1,68 |
2,31 |
2,06 |
|
Working capital/ balance total |
0,65 |
0,33 |
0,26 |
0,44 |
0,40 |
|
Equity / balance total |
0,72 |
0,70 |
0,57 |
0,62 |
0,55 |
|
Equity / Fixed assets |
8,01 |
1,69 |
1,67 |
2,72 |
2,47 |
|
Equity / liabilities |
2,62 |
2,35 |
1,34 |
1,61 |
1,22 |
|
Balance total / liabilities |
3,62 |
3,35 |
2,34 |
2,61 |
2,22 |
|
Working capital |
3.500.717 |
2.202.440 |
1.879.987 |
2.807.755 |
2.751.158 |
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Equity |
3.884.209 |
4.703.459 |
4.070.905 |
3.948.814 |
3.772.250 |
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Mutation equity |
-17,42 |
15,54 |
3,09 |
4,68 |
-1,69 |
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Mutation short term liabilities |
-19,38 |
-38,38 |
29,97 |
-17,50 |
-13,93 |
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Return on total assets (ROA) |
-4,35 |
11,79 |
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Return on equity (ROE) |
-6,01 |
16,81 |
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Gross margin |
3.903.302 |
5.185.044 |
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Operating result |
-235.274 |
775.855 |
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Net result after taxes |
-186.750 |
632.554 |
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Cashflow |
-73.376 |
748.594 |
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EBIT |
-235.274 |
775.855 |
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EBITDA |
-121.900 |
891.895 |
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Summary
The 2012 financial result structure is a positive working
capital of 3.500.717 euro, which is in
agreement with 65 % of the total assets of the company.
The working capital has increased with 58.95 % 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 3.53. If the
current ratio exceeds 3.0, the
company may not be using its current assets or its
short-term financing facilities efficiently .
The quick ratio in 2012 of the company was 0.94. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
The 2011 financial result structure is a positive working
capital of 2.202.440 euro, which is in
agreement with 33 % of the total assets of the company.
The working capital has increased with 17.15 % 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 2.28. 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 0.6. 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 Machinehandel
Lekkerkerker B.V.
Handelsweg 2
3411NZ Lopik
Netherlands
Registration
number: 301386650000
Balance sheet
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
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Tangible
fixed assets |
298.136 |
364.202 |
389.565 |
331.467 |
393.763 |
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Financial
fixed assets |
186.875 |
2.423.794 |
2.052.139 |
1.120.565 |
1.130.811 |
|
|
Fixed
assets |
485.011 |
2.787.996 |
2.441.704 |
1.452.032 |
1.524.574 |
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Inventories
|
3.584.378 |
2.896.706 |
2.119.461 |
2.812.327 |
3.126.561 |
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Total receivables |
698.029 |
1.015.246 |
2.529.853 |
2.018.886 |
2.208.883 |
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Liquid funds |
600.672 |
5.098 |
13.438 |
117.626 |
10.813 |
|
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Current assets |
4.883.079 |
3.917.050 |
4.662.752 |
4.948.839 |
5.346.257 |
|
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Total assets |
5.368.090 |
6.705.046 |
7.104.456 |
6.400.871 |
6.870.831 |
|
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Total equity |
3.884.209 |
4.703.459 |
4.070.905 |
3.948.814 |
3.772.250 |
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Provisions |
80.000 |
181.179 |
80.000 |
75.000 |
75.000 |
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Long term liabilities |
21.519 |
105.798 |
170.786 |
235.973 |
428.482 |
|
|
Short term liabilities |
1.382.362 |
1.714.610 |
2.782.765 |
2.141.084 |
2.595.099 |
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|
Total short and long term
liabilities |
1.483.881 |
2.001.587 |
3.033.551 |
2.452.057 |
3.098.581 |
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|
Total liabilities |
5.368.090 |
6.705.046 |
7.104.456 |
6.400.871 |
6.870.831 |
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Summary
The total assets of the company decreased with -19.94 % between
2011 and 2012.
This downturn is mainly retrievable in the fixed asset
decrease of -82.6 %.
Assets reduction is explained by a Net Worth decrease of
-17.42 %, and an indebtedness
reduction of -25.86 %.
In 2012 the assets of the company were 9.04 % composed of
fixed assets and 90.96 % by
current assets. The assets are being financed by an equity
of 72.36 %, and total debt of
27.64 %.
The total assets of the company decreased with -5.62 %
between 2010 and 2011.
Despite the total assets decrease, non current assets grew
with 14.18 %.
The asset reduction is in contrast with the equity growth
of 15.54 %. Due to this the total debt
decreased with -34.02 %.
In 2011 the assets of the company were 41.58 % composed of
fixed assets and 58.42 % by
current assets. The assets are being financed by an equity
of 70.15 %, and total debt of
29.85 %.
Profit & loss
|
Year |
2012 |
2011 |
|
Gross margin |
3.903.302 |
5.185.044 |
|
Wages and salaries |
2.575.618 |
2.458.196 |
|
Amorization and depreciation |
113.374 |
116.040 |
|
other operating costs |
1.449.584 |
1.834.953 |
|
Operating expenses |
4.138.576 |
4.409.189 |
|
Operating result |
-235.274 |
775.855 |
|
Financial income |
58.698 |
117.667 |
|
Financial expenses |
56.861 |
102.830 |
|
Financial result |
1.837 |
14.837 |
|
Result on ordinary operations before
taxes |
-233.437 |
790.692 |
|
Taxation on the result of ordinary activities |
-46.687 |
158.138 |
|
Result of ordinary activities after
taxes |
-186.750 |
632.554 |
|
Net result |
-186.750 |
632.554 |
Summary
The gross profit of the company decreased by -24.72 %
between 2011 and 2012.
The operating result of the company declined with -130.32
% 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 -136.9
% of the analysed period, being equal to 2011 % in the
year 2012.
The Net Result of the company increased by -129.52 %
between 2011 and 2012.
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 -135.75 % of the analysed period, being -6.01 % in the
year 2012.
The company's financial profitability has been positively
affected by its financial structure.
The company's Financial Profitability has been neutrally
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is the unchanged
profitability of the analysed
period, remaining unchanged at 16.81 % in the year 2011.
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Westelijk
Utrecht
In the Netherlands 107516 of
the companies are registered with the SBI code 46
In the region Westelijk
Utrecht 4078 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 Westelijk
Utrecht 78 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 Westelijk Utrecht is normal
Publications
`
Filings 26-08-2013:
De jaarrekening over 2012 is gepubliceerd.
27-11-2012: De jaarrekening
over 2011 is gepubliceerd.
07-02-2012: De jaarrekening
over 2010 is gepubliceerd.
07-02-2011: De jaarrekening
over 2009 is gepubliceerd.
29-01-2010: De jaarrekening
over 2008 is gepubliceerd.
03-02-2009: De jaarrekening
over 2007 is gepubliceerd.
Functions 10-07-2013:
Per 01-05-2013 is gevolmachtigde Willem de Bruijn in functie getreden.
14-06-2013: Per 01-05-2013 is
gevolmachtigde Nicolaas Cornelis Lekkerkerker in functie
getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
UK Pound |
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.