MIRA
INFORM REPORT
|
Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEERNINK & BEERNINK B.V. |
|
|
|
|
Registered Office : |
Nijverheidsweg 9 6651KS Druten |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1992 |
|
|
|
|
Com. Reg. No.: |
10038355 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Trading leather goods, household items and related
products |
|
|
|
|
No. of Employees : |
06 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 name and address
|
Company name |
BEERNINK & BEERNINK B.V. |
|
Operative address |
Nijverheidsweg 9 6651KS Druten
Netherlands |
Company summary
Legal form Private
Company
Registration number KvK-nummer:
10038355
VAT-number 801249582
YEAR
2012 MUTATION MUTATION 2010
Fixed assets 3 4.491 -100,00 82.065
Total receivables 832.321
-100,00
701.564
Total equity 435.410
-100,00
330.656
Short term liabilities 870.352 -100,00 853.787
Working capital 400.919 -100,00 248.591
Quick ratio 1,17
-100,00 1,00
Contact information
Company name Beernink
& Beernink B.V.
Trade names Beernink
& Beernink B.V.
Bear
Design
Operative address Nijverheidsweg
9
6651KS Druten
Netherlands
Correspondence address Nijverheidsweg
9
6651KS Druten
Netherlands
Telephone number 0487
517278
Fax number 0487
517459
Email address beernink@novi.net
Registration
Registration number KvK-nummer:
10038355
Registered in Kamer
van Koophandel Midden-Nederland
Branch number 000006621988
VAT-number
801249582
Status
Active
First registration company register 1993-09-06
Memorandum 1993-08-25
Establishment date 1992-10-01
Legal form Private
company
Activities
SBI Wholesale
of other household items (464992)
Wholesale
of other household goods nec (464999)
Exporter No
Importer No
Goal Trading
leather goods, household items and related products
Bank details
Accounts ABN Amro
Bank NV
Account number:
53.81.94.723
Management
Active management C.A.W.
Beernink (Cornelis Adriaan Wilhelmus)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 1993-08-25
Date of birth: 1938-11-26,
Rotterdam, NL
W.J.A.
Beernink (Willem Jan Alexander)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 1993-08-25
Date of birth: 1965-05-16,
Rotterdam, NL
employees
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Total |
6 |
6 |
6 |
6 |
5 |
Payments
Description Payments
made under regular condition
Key figures
|
Year |
2012 |
2010 |
2009 |
2008 |
|
Quick ratio |
1,17 |
1,00 |
0,90 |
1,00 |
|
Current ratio |
1,46 |
1,29 |
1,18 |
1,29 |
|
|
||||
|
Working capital/ balance
total |
0,31 |
0,21 |
0,14 |
0,19 |
|
Equity / balance total |
0,33 |
0,28 |
0,24 |
0,33 |
|
Equity / Fixed assets |
12,62 |
4,03 |
2,44 |
2,44 |
|
Equity / liabilities |
0,50 |
0,39 |
0,31 |
0,49 |
|
Balance total /
liabilities |
1,50 |
1,39 |
1,31 |
1,49 |
|
|
||||
|
Working capital |
400.919 |
248.591 |
153.878 |
229.339 |
|
Equity |
435.410 |
330.656 |
260.466 |
388.235 |
|
Mutation equity |
|
26,95 |
-32,91 |
-8,39 |
|
Mutation short term
liabilities |
|
2,36 |
5,65 |
-2,68 |
Summary
The
2012 financial result structure is a postive working captial of 400.919 euro, which
is in agreement with 31 % of the total assets of the company.
The
current ratio of the company in 2012 was 1.46. 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 1.17. 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 Beernink
& Beernink B.V.
Nijverheidsweg 9
6651KS Druten
Netherlands
Registration number: 100383550000
Balance
|
Year |
2012 |
2010 |
2009 |
2008 |
|
|
End date |
2012-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
|
Tangible fixed assets |
34.491 |
|
82.065 |
106.588 |
158.896 |
|
Fixed assets |
34.491 |
|
82.065 |
106.588 |
158.896 |
|
Total receivables |
832.321 |
|
701.564 |
571.964 |
635.158 |
|
Liquid funds |
182.950 |
|
153.814 |
177.480 |
151.090 |
|
Current assets |
1.271.271 |
|
1.102.378 |
987.944 |
1.018.778 |
Year 2012 2010 2009 2008
End
date 2012-12-31
2010-12-31 2009-12-31 2008-12-31
Total assets 1.305.762 1.184.443 1.094.532 1.177.674
|
Total equity |
435.410 |
|
330.656 |
260.466 |
388.235 |
|
Short term liabilities |
870.352 |
|
853.787 |
834.066 |
789.439 |
|
Total short and long term liabilities |
870.352 |
|
853.787 |
834.066 |
789.439 |
|
Total liabilities |
1.305.762 |
|
1.184.443 |
1.094.532 |
1.177.674 |
summary
In 2012 the assets of the company were 2.64 % composed of fixed
assets and 97.36 % by
current assets. The assets are being financed by an equity
of 33.35 %, and total debt of
66.65 %.
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Nijmegen-Rivierenland
In the Netherlands 107516 of
the companies are registered with the SBI code 46
In the region
Nijmegen-Rivierenland 4586 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
Nijmegen-Rivierenland 77 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 Nijmegen-Rivierenland is normal
Publications
Filings 06-12-2013:
De jaarrekening over 2012 is gepubliceerd.
24-09-2013: De jaarrekening
over 2010 is gepubliceerd.
14-03-2011: De jaarrekening
over 2009 is gepubliceerd.
22-01-2010: De jaarrekening
over 2007 is gepubliceerd.
22-01-2010: De jaarrekening
over 2008 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.102.31 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.