MIRA INFORM REPORT

 

 

Report Date :

04.06.2014

 

IDENTIFICATION DETAILS

 

Name :

HILUX5 B.V.

 

 

Registered Office :

Spinelstraat 20, 7554TW Hengelo

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

05.11.2007

 

 

Com. Reg. No.:

08165622

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Non-specialised wholesale of non-consumer goods

·         Technical design and advice for process

 

 

No. of Employees :

15

 

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

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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

 

 

 

 

Summary

 

Company name                         HILUX5 B.V.

Operative address                     Spinelstraat 20

7554TW Hengelo

Netherlands

Legal form                                Private Company

Registration number                  KvK-nummer: 08165622

VAT-number                              818643079

 

Year

2012

Mutation

2011

Mutation

2010

Fixed assets

37.410

-17,04

45.092

-18,33

55.213

Total receivables

385.239

9,67

351.280

-10,81

393.847

Total equity

549.791

17,39

468.353

15,03

407.144

Short term liabilities

233.612

-12,79

267.887

4,62

256.069

Working capital

512.381

20,97

423.574

15,81

365.744

Quick ratio

2,89

29,02

2,24

14,29

1,96

 

 

 

 

Contact information

 

Company name                         HiLux5 B.V.

 

Trade names                             HiLux5 B.V.

Hilux5 Engineering

 

Operative address                     Spinelstraat 20

7554TW Hengelo

Netherlands

Correspondence address           Spinelstraat 20

7554TW Hengelo

Netherlands

 

Telephone number                     0742498860

 

Fax number                               0742498869

 

Website                                    www.hilux5.com

 

 

Registration

 

Registration number                  KvK-nummer: 08165622

Registered in                             Kamer van Koophandel Oost Nederland

Branch number                          000016553411

VAT-number                              818643079

Status                                       Active

First registration company register 2007-11-07

Memorandum                            2007-11-05

Establishment date                    2007-11-05

Legal form                                Private Company

 

 

Activities

 

SBI                                           Non-specialised wholesale of non-consumer goods (46902)

Technical design and advice for process (711206)

Exporter                                   No

Importer                                    No

Goal                                         Providing project support services and the adoption and implementation of repairs, projects, maintenance and modifications to facilities; Driving directions, conducting agencies and distributorships of industrial products and semi-finished products

 

 

Relations

 

Shareholders                             H5 Investments B.V.

Spinelstraat 20

7554TW HENGELO OV

Netherlands

Registration number: 081373510000

Percentage: 100.00%

 

Companies on same address     H5 Investments B.V.

Registration number: 081373510000

 

Blue Mind IT B.V.

Registration number: 081497700000

Insolvency: Default

 

HiLux5 Logistic Solutions B.V.

Registration number: 081656250000

 

Follibus B.V.

Registration number: 081731770000

 

 

Management

 

Active management                   H5 Investments B.V.

Spinelstraat 20

7554TW HENGELO OV

Netherlands

Registration number: 081373510000

Competence: Fully authorized

Function: Manager

Starting date: 2007-11-05

 

 

Employees

 

Year                 2014     2013     2012     2011     2010

Total                 15         12         15         15         12

 

 

Payments

 

Description       Payments are made regularly no complaints are known

 

 

Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

2,89

2,24

1,96

2,00

1,91

Current ratio

3,19

2,58

2,43

2,53

2,40

Working capital/ balance total

0,65

0,58

0,54

0,55

0,54

Equity / balance total

0,70

0,64

0,60

0,62

0,62

Equity / Fixed assets

14,70

10,39

7,37

7,46

7,69

Equity / liabilities

2,35

1,75

1,51

1,62

1,60

Balance total / liabilities

3,35

2,75

2,51

2,62

2,60

Working capital

512.381

423.574

365.744

351.208

313.120

Equity

549.791

468.353

407.144

391.397

359.899

Mutation equity

17,39

15,03

4,02

8,75

22,86

Mutation short term liabilities

-12,79

4,62

11,66

2,25

-23,92

 

 

Summary          The 2012 financial result structure is a postive working captial of 512.381 euro, which is in agreement with 65 % of the total assets of the company.

The working capital has increased with 20.97 % 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 3.19. 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 2.89. 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 423.574 euro, which is in agreement with 58 % of the total assets of the company.

The working capital has increased with 15.81 % 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 2.58. 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 2.24. 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                                     HiLux5 B.V.

Spinelstraat 20

7554TW Hengelo

Netherlands

Registration number: 081656220000

 

 

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

37.410

45.092

55.213

52.461

46.779

Fixed assets

37.410

45.092

55.213

52.461

46.779

Total stock

70.094

90.446

121.094

122.867

108.365

Total receivables

385.239

351.280

393.847

412.044

390.363

Liquid funds

290.660

249.735

106.872

45.629

38.683

Current assets

745.993

691.461

621.813

580.540

537.411

Total assets

783.403

736.553

677.026

633.001

584.190

Issued capital

18.000

18.000

18.000

18.000

18.000

Share premium reserve

125.612

125.612

125.612

125.612

125.612

Other reserves

406.179

324.741

263.532

247.785

216.287

Total reserves

531.791

450.353

389.144

373.397

341.899

Total equity

549.791

468.353

407.144

391.397

359.899

Long term interest yielding debt

 

313

13.813

12.272

 

Long term liabilities

 

313

13.813

12.272

 

Short term liabilities

233.612

267.887

256.069

229.332

224.291

Total short and long term liabilities

233.612

268.200

269.882

241.604

224.291

Total liabilities

783.403

736.553

677.026

633.001

584.190

 

 

Summary                      The total assets of the company increased with 6.36 % between 2011 and 2012.

Despite the assets growth, the non current assets decreased with -17.04 %.

The assets growth has been financed by a Net Worth increase of 17.39 %. The company's net increase has also covered a reduction of -12.9 % of the company's indebtedness.

In 2012 the assets of the company were 4.78 % composed of fixed assets and 95.22 % by current assets. The assets are being financed by an equity of 70.18 %, and total debt of 29.82 %.

 

The total assets of the company increased with 8.79 % between 2010 and 2011.

Despite the assets growth, the non current assets decreased with -18.33 %.

In 2011 the assets of the company were 6.12 % composed of fixed assets and 93.88 % by current assets. The assets are being financed by an equity of 63.59 %, and total debt of 36.41 %.

 

 

 

 

Analysis

 

Branch (SBI)                  Architects, engineers and technical design and consultancy; testing and analysis (71)

Region                          Twente

In the Netherlands 47723 of the companies are registered with the SBI code 71

In the region Twente 1616 of the companies are registered with the SBI code 71

In the Netherlands 534 of the bankrupcties are published within this sector

In the region Twente 22 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 Twente is normal

 

 

Publications

 

Filings                          06-03-2014: De jaarrekening over 2012 is gepubliceerd.

17-08-2012: De jaarrekening over 2011 is gepubliceerd.

09-11-2011: De jaarrekening over 2010 is gepubliceerd.

22-11-2010: De jaarrekening over 2009 is gepubliceerd.

16-06-2009: De jaarrekening over 2008 is gepubliceerd.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.21

UK Pound

1

Rs.99.17

Euro

1

Rs.80.56

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NNA

 

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.