MIRA INFORM REPORT
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Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
VAN IPEREN INTERNATIONAL B.V. |
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Registered Office : |
Smidsweg 24, 3273LK Westmaas |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
21.09.2010 |
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Com. Reg. No.: |
50944967 |
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Legal Form : |
Private Company |
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Line of Business : |
· Manufacturer of fertilisers and nitrogen compounds Wholesaler of pesticides and fertilizers |
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No. of Employees : |
05 (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 : |
No Complaints |
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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
company Summary
Company name Van Iperen International B.V.
Operative address Smidsweg
24
3273LK Westmaas
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
50944967
VAT-number
822996194
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
19.751 |
-25,00 |
26.335 |
232,76 |
7.914 |
|
Total receivables |
9.785.274 |
58,34 |
6.179.827 |
333,57 |
1.425.331 |
|
Total equity |
1.643.487 |
36,72 |
1.202.091 |
32,20 |
909.281 |
|
Short term liabilities |
9.252.367 |
84,88 |
5.004.537 |
514,20 |
814.806 |
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Net result |
441.396 |
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|
|
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Working capital |
1.623.736 |
38,10 |
1.175.756 |
30,44 |
901.367 |
|
Quick ratio |
1,06 |
-13,82 |
1,23 |
-41,71 |
2,11 |
Contact information
Company name Van Iperen
International B.V.
Trade names Van
Iperen International B.V.
Van Iperen International B.V.
Eurosolids Nederland
Eurosolids Nederland
Nutrivival Products Nederland
Nutrivival Products Nederland
Operative address Smidsweg
24
3273LK Westmaas
Netherlands
Correspondence address Postbus 1333
3260AH Oud-Beijerland
Netherlands
Telephone number 0186578888
Fax number 0186573452
Email address info@iperen.com
Website
www.iperen.com
Registration
Registration number KvK-nummer:
50944967
Branch number 000000119180
VAT-number 822996194
Status Active
First registration
company register 04-10-2010
Memorandum 01-10-2010
Establishment date 21-09-2010
Legal form Besloten
Vennootschap (Private Company )
Activities
SBI Manufacture
of fertilisers and nitrogen compounds (2015)
Wholesale
of pesticides and fertilizers (46752)
Exporter Ja
Importer Ja
Goal Koop
en verkoop op de internationale markt van agrarische producten, meststoffen
en/of
andere
benodigdheden. Vervaardiging van kunstmeststoffen.
(Buy and sell on the international market of agricultural products, fertilizers and / or other supplies. Manufacture of fertilizers.)
Relations
Companies on same address
Van Iperen B.V.
Registratie nummer: 230292200000
Vitrado B.V.
Registratie nummer: 230579520000
Arsis B.V.
Registratie nummer: 230898370000
Stichting Vitratas
Registratie nummer: 244390140000
Evitra B.V.
Registratie nummer: 533527420000
Stichting Administratiekantoor Evitra
Registratie nummer: 533494740000
Management
Active management
E. van den Bergh (Erik)
Netherlands
Bevoegdheid: Fully authorized
Functie: Manager
Datum gestart: 01-10-2010
Geboren: 26-09-1959, Leiden, NL
E. van den Bergh (Erik)
Netherlands
Bevoegdheid: Fully authorized
Functie: Manager
Datum gestart: 01-10-2010
Geboren: 26-09-1959, Leiden, NL
P. Kalkman (Pieter)
3263NE
Netherlands
Bevoegdheid: Fully authorized
Functie: Proxy
Datum gestart: 14-02-2011
Geboren: 07-03-1964, Krimpen aan den IJssel, NL
Involved with the following companies
• Van Iperen B.V.
Smidsweg 24
3273LK WESTMAAS
Netherlands
Registratie nummer: 230292200000
Functie: Proxy
D. Bakker (Dirk-Jan)
Netherlands
Bevoegdheid: Fully authorized
Functie: Proxy
Datum gestart: 05-08-2011
Geboren: 26-02-1981, Oud-Beijerland, NL
D. Bakker (Dirk-Jan)
Netherlands
Bevoegdheid: Fully authorized
Functie: Proxy
Datum gestart: 05-08-2011
Geboren: 26-02-1981, Oud-Beijerland, NL
M.M.A. van Oers (Marinus Matheus Antonius)
Netherlands
Bevoegdheid: Limited authorization
Functie: Proxy
Datum gestart: 26-01-2012
Geboren: 19-01-1971, Wouw, NL
M.M.A. van Oers (Marinus Matheus Antonius)
Netherlands
Bevoegdheid: Limited
authorization
Functie: Proxy
Datum gestart: 26-01-2012
Geboren: 19-01-1971, Wouw, NL
Employees
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Total |
5 |
5 |
5 |
5 |
Payments
|
Description |
Payments are made
regularly no complaints are known |
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Key figures |
|||
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Year |
2012 |
2011 |
2010 |
|
Quick ratio |
1,06 |
1,23 |
2,11 |
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Current ratio |
1,18 |
1,23 |
2,11 |
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Working capital/ balance total |
0,15 |
0,19 |
0,52 |
|
Equity / balance total |
0,15 |
0,19 |
0,53 |
|
Equity / Fixed assets |
83,21 |
45,65 |
114,90 |
|
Equity / liabilities |
0,18 |
0,24 |
1,12 |
|
Balance total / liabilities |
1,18 |
1,24 |
2,12 |
|
Working capital |
1.623.736 |
1.175.756 |
901.367 |
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Equity |
1.643.487 |
1.202.091 |
909.281 |
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Mutation equity |
36,72 |
32,20 |
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Mutation short term liabilities |
84,88 |
514,20 |
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Return on total assets (ROA) |
5,20 |
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Return on equity (ROE) |
34,49 |
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Gross margin |
2.909.001 |
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Operating result |
681.791 |
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Net result after taxes |
441.396 |
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Cashflow |
447.980 |
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EBIT |
681.791 |
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EBITDA |
688.375 |
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Summary
The 2012
financial result structure is a positive working capital of 1.623.736 euro,
which is in
agreement with
15 % of the total assets of the company.
The working
capital has increase with 38.1 % compared to previous year. The ratio with
respect to the
total assets of the company has however, declined.
The improvement
between 2011 and 2012 has mainly been caused by a current liabilities
reduction.
The current
ratio of the company in 2012 was 1.18. 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 1.06. 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 1.175.756 euro,
which is in
agreement with
19 % of the total assets of the company.
The working
capital has increase with 30.44 % compared to previous year. The ratio with
respect to the
total assets of the company has however, declined.
The improvement
between 2010 and 2011 has mainly been caused by a current liabilities
reduction.
The current
ratio of the company in 2011 was 1.23. 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 1.23. 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 Van
Iperen International B.V.
Smidsweg 24
3273LK Westmaas
Netherlands
Registratie
nummer: 50944967
Balance Sheet
Year 2012
2011 2010
End
date 31-12-2012
31-12-2011 31-12-2010
Tangible fixed assets 19.751
26.335 7.914
Fixed assets 19.751
26.335 7.914
Inventories 1.052.714
Total receivables 9.785.274
6.179.827 1.425.331
Liquid funds 38.115
466 290.842
Current assets 10.876.103
6.180.293 1.716.173
Total assets 10.895.854 6.206.628 1.724.087
Total equity 1.643.487
1.202.091 909.281
Short term liabilities 9.252.367
5.004.537 814.806
Total short and long term liabilities 9.252.367 5.004.537
814.806
Total liabilities 10.895.854
6.206.628 1.724.087
Summary
The total
assets of the company increased with 75.55 % between 2011 and 2012.
Despite the
assets growth, the non current assets decreased with -25 %.
The asset
growth has mainly been financed by a debt increase of 36.72 %. The Net Worth,
however, grew
with 84.88 %.
In 2012 the
assets of the company were 0.18 % composed of fixed assets and 99.82 % by
current assets.
The assets are being financed by an equity of 15.08 %, and total debt of
84.92 %.
The total
assets of the company increased with 260 % between 2010 and 2011.
The fixed asset
growth of 232.76 % is lower than the total asset growth.
The asset
growth has mainly been financed by a debt increase of 32.2 %. The Net Worth,
however, grew
with 514.2 %.
In 2011 the
assets of the company were 0.42 % composed of fixed assets and 99.58 % by
current assets.
The assets are being financed by an equity of 19.37 %, and total debt of
80.63 %.
Profit & loss
Year 2012
Gross margin 2.909.001
Wages and salaries 1.057.351
Amorization and depreciation 6.584
Other Operating Costs 1.163.275
Operating expenses 2.227.210
Operating result 681.791
Financial income 24.739
Financial expenses 139.709
Financial result -114.970
Result on ordinary operations before taxes 566.821
Taxation on the result of ordinary activities 125.425
Result of ordinary activities after taxes 441.396
Summary
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 34.49 % in the year 2012.
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Groot
Rotterdam
In the Netherlands107516 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 Netherlands2108 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 Netherlandsis normal
The risk of this specific
sector in the region Groot Rotterdam is normal
Publications
Filings 06-05-2013:
De jaarrekening over 2012 is gepubliceerd.
03-07-2012: De jaarrekening
over 2011 is gepubliceerd.
30-06-2011: De jaarrekening
over 2010 is gepubliceerd.
Functions 26-01-2012:
Per 26-01-2012 is gevolmachtigde Marinus Matheus Antonius van Oers in
functie
getreden.
05-08-2011: Per 05-08-2011 is
gevolmachtigde Dirk-Jan Bakker in functie getreden.
18-02-2011: Per 14-02-2011 is
gevolmachtigde Pieter Kalkman in functie getreden.
04-10-2010: Per
01-10-2010 is bestuurder Erik van den Bergh in functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
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.