MIRA INFORM REPORT

 

 

Report Date :

06.06.2014

 

IDENTIFICATION DETAILS

 

Name :

INTERBULK PACKAGING B.V.

 

 

Registered Office :

Margrietlaan 5, 5263BT Vught

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

11.07.2002

 

 

Com. Reg. No.:

22050759

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Manufacture of lifting and handling equipment

·         Engineering activities and related technical consultancy on mechanics

 

 

No. of Employees :

2

 

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                         INTERBULK PACKAGING B.V.

Operative address                     Margrietlaan 5

5263BT Vught

Netherlands

Legal form                                Private Company

Registration number                  KvK-nummer: 22050759

VAT-number                              810934516

 

 

Year

2012

Mutation

2011

Mutation

2010

Fixed assets

49.203

-19,24

60.923

46,22

41.664

Total receivables

213.106  

371,60

45.188    

-84,16

285.273

 

Total equity

120.209

41,38

85.023

22,07

69.651

Short term liabilities

356.034

43,46

248.180

-47,98

477.093

Working capital

87.757

21,25

72.379

-16,56

86.747

Quick ratio

0,60

215,79

0,19

-68,33

0,60

 

 

 

 

Contact information

 

Company name                         Interbulk Packaging B.V.

Trade names                             Interbulk Packaging B.V.

Operative address                     Margrietlaan 5

5263BT Vught

Netherlands

Correspondence address           Postbus 2168

5260CD Vught

Netherlands

Fax number                               0111 451011

Mobile number                          0648421285 / 0612990449

Email address                           mf@interbulkpackaging.com

Website                                    www.interbulk.nl

 

 

Registration

 

Registration number                  KvK-nummer: 22050759

Registered in                             Kamer van Koophandel Brabant

Branch number                          000016041720

VAT-number                              810934516

Status                                       Active

First registration company register 2002-08-02

Memorandum                            2002-07-31

Establishment date                    2002-07-11

Legal form                                Private Company

Last proposed admendment      2006-12-21

 

 

Activities

 

SBI                                           Manufacture of lifting and handling equipment (2822)

Engineering activities and related technical consultancy on mechanics (711205)

Engineering activities and related technical consultancy not specialized (711207)

Exporter                                   Yes

Importer                                    Yes

Goal                                         Design and manufacture, as well as (large) trade in accessories for loading and unloading systems, particularly of bulk goods.

 

 

Relations

 

Shareholders                             Maxim Holding B.V.

Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 242214210000

Percentage: 100.00%

 

Companies on same address     Maxim Holding B.V.

Registration number: 242214210000

 

Green Soil Bag B.V.

Registration number: 566681980000

 

 

Management

 

Active management                   Maxim Holding B.V.

Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 242214210000

Competence: Limited authorization

Function: General Director

Starting date: 2002-07-31

 

 

Employees

 

Year                 2014     2012     2011     2010     2009

Total                 2          2          2         2          2

 

 

 

Payments

 

Description                   Payments made under regular condition

Key figures

 

Year

2012

2011

2010

2009

2008

 

Quick ratio

0,60

0,19

0,60

0,84

0,69

 

Current ratio

1,25

1,29

1,18

1,19

1,19

 

Working capital/ balance total

0,18

0,19

0,14

0,15

0,16

 

Equity / balance total

0,24

0,22

0,12

0,08

0,08

 

Equity / Fixed assets

2,44

1,40

1,67

0,91

2,50

 

Equity / liabilities

0,32

0,29

0,13

0,09

0,09

 

Balance total / liabilities

1,32

1,29

1,13

1,09

1,09

 

Working capital

87.757

72.379

86.747

82.267

135.631

Equity

120.209

85.023

69.651

45.378

69.809

Mutation equity

41,38

22,07

53,49

-35,00

66,21

Mutation short term liabilities

43,46

-47,98

9,84

-37,88

43,58

 

Summary                      The 2012 financial result structure is a postive working captial of 87.757 euro, which is in agreement with 18 % of the total assets of the company.

The working capital has increase with 21.25 % 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 1.25. 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 0.6. 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 72.379 euro, which is in agreement with 19 % of the total assets of the company.

The working capital has diminished with -16.56 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.

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 1.29. 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 0.19. 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                                                 Interbulk Packaging B.V.

Margrietlaan 5

5263BT Vught

Netherlands

Registration number: 220507590000

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

49.203

60.923

41.664

49.935

27.931

Fixed assets

49.203

60.923

41.664

49.935

27.931

Total stock

230.685

274.387

278.557

150.752

353.675

Total receivables

213.106

45.188

285.273

284.226

435.362

Liquid funds

 

984

10

81.657

45.805

Current assets

443.791

320.559

563.840

516.635

834.842

Total assets

492.994

381.482

605.504

566.570

862.773

Issued capital

18.250

18.250

18.250

18.250

18.250

Other reserves

101.959

66.773

51.401

27.128

51.559

Total reserves

101.959

66.773

51.401

27.128

51.559

Total equity

120.209

85.023

69.651

45.378

69.809

Provisions

964

1.250

 

 

 

Long term interest yielding debt

15.787

47.029

58.760

86.824

93.753

Long term liabilities

15.787

47.029

58.760

86.824

93.753

Short term liabilities

356.034

248.180

477.093

434.368

699.211

Total short and long term liabilities

372.785

296.459

535.853

521.192

792.964

Total liabilities

492.994

381.482

605.504

566.570

862.773

 

 

Summary                      The total assets of the company increased with 29.23 % between 2011 and 2012.

Despite the assets growth, the non current assets decreased with -19.24 %.

The asset growth has mainly been financed by a Net Worth increase of 41.38 %. Debt, however, grew with 25.75 %.

In 2012 the assets of the company were 9.98 % composed of fixed assets and 90.02 % by current assets. The assets are being financed by an equity of 24.38 %, and total debt of 75.62 %.

 

The total assets of the company decreased with -37 % between 2010 and 2011.

Despite the total assets decrease, non current assets grew with 46.22 %.

The asset reduction is in contrast with the equity growth of 22.07 %. Due to this the total debt decreased with -44.68 %.

In 2011 the assets of the company were 15.97 % composed of fixed assets and 84.03 % by current assets. The assets are being financed by an equity of 22.29 %, and total debt of 77.71 %

 

 

 

 

Analysis

 

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

Region                          Midden-Brabant

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

In the region Midden-Brabant 2168 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 Midden-Brabant 25 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 Midden-Brabant is normal

 

Publications

 

Filings                          14-11-2013: De jaarrekening over 2012 is gepubliceerd.

13-07-2012: De jaarrekening over 2011 is gepubliceerd.

08-04-2011: De jaarrekening over 2010 is gepubliceerd.

09-04-2010: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Relations                      2

 

Maxim Holding B.V.

Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 242214210000

• Interbulk Packaging B.V.

Margrietlaan 5

5263BT Vught

Netherlands

Registration number: 220507590000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.30

UK Pound

1

Rs.99.34

Euro

1

Rs.80.70

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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