MIRA
INFORM REPORT
|
Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
V.D.H. SAFES HOLLAND B.V. |
|
|
|
|
Registered Office : |
Ziedewij 1 2991LA Barendrecht |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.10.2002 |
|
|
|
|
Com. Reg. No.: |
24340683 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
·
Manufacture
of metal products ·
Wholesale
of office furniture |
|
|
|
|
No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 V.D.H. SAFES HOLLAND B.V.
Operative address Ziedewij 1
2991LA Barendrecht
Netherlands
Legal form Private Company
Registration number KvK-nummer: 24
VAT-number 813330725
|
Year |
2012 |
|
Mutation |
2011 |
|
Mutation |
2010 |
|
Fixed assets |
439.518 |
|
|
439.518 |
|
|
439.518 |
|
Total receivables |
|
4 |
-100,00 |
1.200 |
|
|
|
|
|
|||||||
|
Total equity |
446.277 |
% |
-16,03 |
531.454 |
|
-6,03 |
565.558 |
|
Short term liabilities |
144 |
|
|
144 |
|
|
|
|
|
|||||||
|
Working capital |
6.759 |
|
-92,65 |
91.936 |
|
-27,06 |
126.040 |
|
Quick ratio |
47,94 |
4 |
-92,50 |
639,44 |
|
|
|
Contact information
Company name V.D.H. Safes Holland B.V.
Trade names V.D.H. Safes Holland B.V.
Operative address Ziedewij 1
2991LA Barendrecht
Netherlands
Correspondence address Postbus 20
2990AA Barendrecht
Netherlands
Telephone number 0180612988
Fax number 0180620158
Email address sales@vdhsafes.nl
Website www.vdhsafes.nl
Registration
Registration number KvK-nummer:
24340683
Branch number 000018627250
VAT-number 813330725
Status Active
First registration company
register 2003-02-25
Memorandum 2003-02-18
Establishment date 2002-10-21
Legal form Private
Company
Last proposed admendment 2011-04-26
Activities
SBI Manufacture of other metal
products n.e.c. (2599)
Wholesale
of office furniture (466501)
Exporter No
Importer No
Goal Manufacture of, and trade in safes
Relations
Companies on
same address
A.
van den Hoven Beheer B.V.
Registration number: 230479440000
N.A.
van den Hoven & Zonen B.V.
Registration number: 241466750000
Van
den Hoven Beleggingen B.V.
Registration number: 240945150000
Management
Active
management A. van den Hoven Beheer B.V.
Ziedewij 1
2991LA BARENDRECHT
Netherlands
Registration number: 230479440000
Competence: Fully authorized
Function: Manager
Starting date: 2003-02-18
Employees
|
|
|||||
|
|
|||||
|
Year |
2012 |
2011 |
2010 |
2008 |
2006 |
|
Total |
1 |
1 |
1 |
1 |
1 |
Payments
Score 6
Description The payments are regular
Key figures
|
|
|||||
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
47,94 |
639,44 |
|
|
12,61 |
|
Current ratio |
47,94 |
639,44 |
|
|
12,61 |
|
|
|||||
|
Working capital/ balance total |
0,02 |
0,17 |
0,22 |
0,01 |
0,11 |
|
Equity / balance total |
1,00 |
1,00 |
1,00 |
1,00 |
0,99 |
|
Equity / Fixed assets |
1,02 |
1,21 |
1,29 |
1,01 |
1,12 |
|
Equity / liabilities |
3.099,15 |
3.690,65 |
|
|
105,39 |
|
Balance total / liabilities |
3.100,15 |
3.691,65 |
|
|
106,39 |
|
|
|||||
|
Working capital |
6.759 |
91.936 |
126.040 |
6.195 |
69.264 |
|
Equity |
446.277 |
531.454 |
565.558 |
565.713 |
628.782 |
|
Mutation equity |
-16,03 |
-6,03 |
-0,03 |
-10,03 |
|
Summary
The 2012 financial result structure is a postive working
captial of 6.759 euro, which is in
agreement with 2 % of the total assets of the company.
The working capital has diminished with -92.65 % 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
47.94. If the current ratio exeeds 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 47.94. A company with a Quick Ratio of more
than 1 can currently pay back its current liabilities.
The 2011 financial result structure is a
postive working captial of 91.936 euro, which is in agreement with 17 % of the
total assets of the company.
The working capital has diminished with
-27.06 % 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 a reduction of the current assets.
The current ratio of the company in 2011 was
639.44. If the current ratio exeeds 3.0, the company may not be using its
current assets or its short-term financing facilities efficiently . The quick
ratio in 2011 of the company was 639.44. A company with a Quick Ratio of more
than 1 can currently pay back its current liabilities.
Balance
Year 2012 2011 2010 2009
2008
End date 2012-12-31
2011-12-31 2010-12-31 2009-12-31
2008-12-31
Financial fixed
assets 439.518 439.518 439.518
559.518 559.518
Fixed assets 439.518 439.518 439.518 559.518
559.518
Total
receivables 1.200
800
Liquid funds 6.903
90.880 126.040 6.195 74.430
Current assets 6.903 92.080 126.040
6.195 75.230
Total assets 446.421 531.598 565.558
565.713 634.748
Total equity 446.277 531.454 565.558 565.713
628.782
Short term
liabilities 144 144 5.966
Total short and
long term liabilities 144 144
5.966
Total liabilities 446.421 531.598 565.558 565.713
634.748
summary
The total assets of the company decreased
with -16.02 % between 2011 and 2012. The total assets are entirely composed of
current assets.
Assets reduction is explained by a Net Worth
decrease of -16.03 % while the indebtedness remains unchanged.
In 2012 the assets of the company were 98.45
% composed of fixed assets and 1.55 % by current assets. The assets are being financed
by an equity of 99.97 %, and total debt of
0.030000000000001 %.
The total assets of the company decreased
with -6 % between 2010 and 2011. The total assets are entirely composed of
current assets.
In 2011 the assets of the company were 82.68
% composed of fixed assets and 17.32 % by current assets. The assets are being
financed by an equity of 99.97 %, and total debt of
0.030000000000001 %.
Activities
Branch (SBI) Region Manufacture of fabricated metal products, except
machinery and equipment (25)
Region
Groot Rotterdam
In the Netherlands
12062 of the companies are registered with the SBI code 25
In the region Groot
Rotterdam 1050 of the companies are registered with the SBI code 25
In the Netherlands 305
of the bankrupcties are published within this sector
In the region Groot
Rotterdam 34 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
publication
Filings
01-07-2013: De
jaarrekening over 2012 is gepubliceerd.
25-10-2012: De
jaarrekening over 2011 is gepubliceerd.
08-2011: De
jaarrekening over 2010 is gepubliceerd.
08-10-2010: De
jaarrekening over 2009 is gepubliceerd.
17-12-2009: De
jaarrekening over 2008 is gepubliceerd.
Amendments
28-04-2011:
Geplaatst kapitaal gewijzigd in EUR 446.200,00 Gestort kapitaal gewijzigd in
EUR 446.200,00.
28-04-2011: Per 26-4-2011 statuten gewijzigd.
Other
02-2011: Datum
deponering: 02-02-2011 Soort deponering: Besluit tot kapitaalvermindering (art.
100 lid 1/209 lid 1 BW2).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.59 |
|
|
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
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.