MIRA INFORM REPORT

 

 

Report Date :

17.07.2014

 

IDENTIFICATION DETAILS

 

Name :

HUIJBREGTS GROEP B.V.

 

 

Registered Office :

Vossenbeemd 107 5705CL Helmond

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.01.1936

 

 

Com. Reg. No.:

17056299

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of condiments and seasonings

 

 

No. of Employees

85

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

 

NETHERLANDS ECONOMIC OVERVIEW

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

Source : CIA

 

 

 

Company name and address

 

Company name

HUIJBREGTS GROEP B.V.

Operative address

Vossenbeemd 107 5705CL Helmond Netherlands

 

 

Legal form

Private Company

Registration number

KvK-nummer: 17056299

VAT-number

007687813

 

                                                                                                    

Year

2012

 

Mutation

2011

 

Mutation

2010

Fixed assets

240.483

 

34,93

178.222

 

59,50

111.741

Total receivables

4.575.879

 

-8,57

5.005.057

t

25,25

3.996.153

 

Total equity

5.832.815

 

3,63

5.628.286

t

67,00

3.370.224

Short term liabilities

8.622.575

 

13,17

7.618.975

 

0,11

7.610.429

 

Net result

2.304.529

 

2,06

2.258.062

 

2,77

2.197.106

 

Working capital

5.592.332

 

2,61

5.450.064

t

67,26

3.258.483

Quick ratio

0,69

 

-11,54

0,78

t

25,81

0,62

 

 

Contact information

 

Company name             Huijbregts Groep B.V.

Trade names                 Huijbregts Groep

Operative address          Vossenbeemd 107

5705CL Helmond

Netherlands

 

Correspondence address            Postbus 165

5700AD Helmond

Netherlands

Telephone number                      0492596300

Fax number                               0492550540

Email address                           info@huijbregts.nl

Website                                    www.huijbregts.nl

 

 

Registration

 

Registration number       KvK-nummer: 17056299

Registered in                 Kamer van Koophandel Brabant

Branch number              000018286364

VAT-number                  007687813

Status                           Active

 

Memorandum                1985-11-15

Establishment date        1936-01-01

Legal form                     Private Company

Legal person since         1985-11-15

Last proposed admendment 1992-06-10

 

 

Activities

 

SBI                   Manufacture of condiments and seasonings (108401)

Exporter            No

Importer            No

Goal Processing, storage, and distribution voorrraadbeheersing dry and liquid
components for the food industry, as well as the participation in and management
carry on companies with similar or related objects

 

 

Relations

 

Shareholders     Huijbregts Groep Holding B.V.

Vossenbeemd 107

5705CL HELMOND

Netherlands

Registration number: 170654270000

Percentage: 100%

 

Companies on same addres

Automatiserings Producten & Supplies International B.V.

Registration number: 170536780000

Bostad B.V.

Registration number: 170972220000

Helmondse Internationale Levensmiddelen Holding B.V.

Registration number: 170130730000

Huijbregts Central Buying B.V.

Registration number: 170960490000

Huijbregts Groep Holding B.V.

Registration number: 170654270000

L & F Machinebouw B.V.

Registration number: 170528500000

Personeelsvereniging 't Kruidvat

Registration number: 402386420000

Red & Silver B.V.

Registration number: 170735480000

Stichting Administratiekantoor Huybregts Beheer

Registration number: 410928210000

Companies on same address

Stichting Administratiekantoor Huybregts Specerijen

Registration number: 410909310000

 

 

Management

 

Active management    Huijbregts Groep Holding B.V.

Vossenbeemd 107

5705CL HELMOND

Netherlands

Registration number: 170654270000

Competence: Fully authorized

Function: Manager

Starting date: 1993-08-01

 

 

Employees

 

 

Total according to the Chamber of Commerce

85

 

 

 

 

 

Year

 

2013

2012

2011

2010

2009

Total

 

85

85

85

100

85

 

 

 

 

Payments

 

Description        Payments are made regularly no complaints are known

 

 

 Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

0,69

0,78

0,62

0,79

0,56

Current ratio

1,65

1,72

1,43

1,81

1,53

 

Working capital/ balance total

0,39

0,41

0,30

0,44

0,34

Equity / balance total

0,40

0,42

0,31

0,45

0,35

Equity / Fixed assets

24,25

31,58

30,16

36,95

42,61

Equity / liabilities

0,68

0,74

0,44

0,83

0,54

Balance total / liabilities

1,68

1,74

1,44

1,83

1,54

 

Working capital

5.592.332

5.450.064

3.258.483

3.379.133

3.023.415

Equity

5.832.815

5.628.286

3.370.224

3.473.118

3.096.071

Mutation equity

3,63

67,00

-2,96

12,18

36,03

Mutation short term liabilities

13,17

0,11

81,65

-27,01

-7,76

 

Return on total assets (ROA)

21,26

22,73

26,86

42,20

27,39

Return on equity (ROE)

52,68

53,49

87,51

93,10

78,18

Gross profit margin

 

7,78

 

 

 

Net profit margin

 

5,53

 

 

 

 

Average collection ratio

 

5,36

 

 

 

Average payment ratio

 

8,16

 

 

 

Equity turnover ratio

 

7,26

 

 

 

Total assets turnover ratio

 

3,08

 

 

 

Fixed assets turnover ratio

 

229,19

 

 

 

Inventory conversion ratio

 

5,70

 

 

 

 

Turnover

 

40.846.528

 

 

 

Gross margin

13.976.132

13.179.358

11.721.971

10.667.634

10.144.895

Operating result

3.231.311

3.176.043

3.037.770

3.314.449

2.595.886

 

 

Summary

 

The 2012 financial result structure is a postive working captial of 5.592.332 euro, which is in

agreement with 39 % of the total assets of the company.

The working capital has increase with 2.61 % 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 1.65. 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 0.69. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

 

The 2011 financial result structure is a postive working captial of 5.450.064 euro, which is in

agreement with 41 % of the total assets of the company.

The working capital has increased with 67.26 % 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 1.72. 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 0.78. 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                       Huijbregts Groep B.V.

Vossenbeemd 107

5705CL Helmond

Netherlands

Registration number: 170562990000

 

 

Balance

 

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

240.483

178.222

111.741

93.985

72.656

Fixed assets

240.483

178.222

111.741

93.985

72.656

 

 

Year

2012

2011

2010

2009

2008

End date

2012-12-31

2011-12-31

2010-12-31

2009-12-31

2008-12-31

Total stock

8.306.436

7.163.601

6.185.677

4.254.011

5.551.769

Total receivables

4.575.879

5.005.057

3.996.153

3.295.246

3.209.574

Liquid funds

1.332.592

900.381

687.082

19.587

2.365

Current assets

14.214.907

13.069.039

10.868.912

7.568.844

8.763.708

Total assets

14.455.390

13.247.261

10.980.653

7.662.829

8.836.364

 

Total equity

5.832.815

5.628.286

3.370.224

3.473.118

3.096.071

 

Short term liabilities

8.622.575

7.618.975

7.610.429

4.189.711

5.740.293

Total short and long term liabilities

8.622.575

7.618.975

7.610.429

4.189.711

5.740.293

Total liabilities

14.455.390

13.247.261

10.980.653

7.662.829

8.836.364

 

 

Summary

 

The total assets of the company increased with 9.12 % between 2011 and 2012.

The total asset increase is retrievable in the fixed asset growth of 34.93 %.

The asset growth has mainly been financed by a debt increase of 13.17 %. The Net Worth,

however, grew with 3.63 %.

In 2012 the assets of the company were 1.66 % composed of fixed assets and 98.34 % by

current assets. The assets are being financed by an equity of 40.35 %, and total debt of

59.65 %.

 

The total assets of the company increased with 20.64 % between 2010 and 2011.

The total asset increase is retrievable in the fixed asset growth of 59.5 %.

In 2011 the assets of the company were 1.35 % composed of fixed assets and 98.65 % by

current assets. The assets are being financed by an equity of 42.49 %, and total debt of

57.51 %.

 

 

 

 

Profit and loss

 

 

Year

2012

2011

2010

2009

2008

Revenues

 

40.925.669

 

 

 

Other operating income

 

79.141

 

 

 

Net turnover

 

40.846.528

 

 

Gross margin

13.976.132

13.179.358

11.721.971

10.667.634

10.144.895

 

Wages and salaries

4.597.580

4.067.174

3.728.984

3.536.385

3.680.089

Amorization and depreciation

48.129

35.313

24.092

16.294

24.033

Sales

 

27.667.170

 

 

 

other operating costs

6.099.112

5.979.969

4.931.125

3.800.506

3.844.887

Operating expenses

10.744.821

37.749.626

8.684.201

7.353.185

7.549.009

Operating result

3.231.311

3.176.043

3.037.770

3.314.449

2.595.886

 

Financial income

1.942

1.253

1.070

2.547

4.546

Financial expenses

160.548

166.547

89.705

83.355

179.918

Financial result

-158.606

-165.294

-88.635

-80.808

-175.372

Result on ordinary operations before taxes

3.072.705

3.010.749

2.949.135

3.233.641

2.420.514

 

Taxation on the result of ordinary activities

768.176

752.687

752.029

813.619

623.080

Result of ordinary activities after taxes

2.304.529

2.258.062

2.197.106

2.420.022

1.797.434

 

Extraordinary income

 

 

 

5.383

30.746

Extraordinary expense

 

 

 

48.358

7.810

Extraordinary result after taxation

 

 

 

-42.975

22.936

Net result

2.304.529

2.258.062

2.197.106

2.377.047

1.820.370

 

 

Summary

 

The gross profit of the company grew with 6.05 % between 2011 and 2012.

The operating result of the company grew with 1.74 % between 2011 and 2012. This

evolution implies an increase of the company's economic profitability.

The result of these changes is a reduction of the company's Economic Profitability of -6.47 %

of the analysed period, being equal to 2011 % in the year 2012.

 

The Net Result of the company decreased by 2.06 % 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 -1.51 % of the analysed period, being 52.68 % in the year 2012.

The company's financial profitability has been positively affected by its financial structure.

The gross profit of the company grew with 12.43 % between 2010 and 2011.

The operating result of the company grew with 4.55 % between 2010 and 2011. This

evolution implies an increase of the company's economic profitability.

 

The result of these changes is a reduction of the company's Economic Profitability of -15.38

% of the analysed period, being equal to 2010 % in the year 2011.

The Net Result of the company decreased by 2.77 % between 2010 and 2011.

The company's Financial Profitability has been positively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability increase of

-38.88 % of the analysed period, being 53.49 % in the year 2011.

The company's financial profitability has been positively affected by its financial structure

 

 

 

 

 

Analysis

 

Branch (SBI)      Manufacture of food products (10)

Region              Zuid-Oost-Brabant

In the Netherlands 6059 of the companies are registered with the SBI code 10

In the region Zuid-Oost-Brabant 331 of the companies are registered with the SBI code 10

In the Netherlands 140 of the bankrupcties are published within this sector

In the region Zuid-Oost-Brabant 7 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 Zuid-Oost-Brabant is normal

 

 

Publications

 

Filings               15-04-2013: De jaarrekening over 2012 is gepubliceerd.

17-07-2012: De jaarrekening over 2011 is gepubliceerd.

16-09-2011: De jaarrekening over 2010 is gepubliceerd.

16-06-2010: De jaarrekening over 2009 is gepubliceerd.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.19

UK Pound

1

Rs.103.14

Euro

1

Rs.81.66

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.