|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHILS B.V. |
|
|
|
|
Registered Office : |
Dr. Nolenslaan 121, 6136GM Sittard |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
01.05.1925 |
|
|
|
|
Com. Reg. No.: |
14004575 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
70 |
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 |
Schils B.V. |
|
Operative address |
Dr. Nolenslaan 121 6136GM Sittard Netherlands |
|
Legal form |
Besloten Vennootschap |
|
Registration number |
KvK-nummer: 14004575 |
|
VAT-number |
001731683 |
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
164.122.000 |
3,35 |
158.798.000 |
29,59 |
122.541.000 |
|
Total receivables |
285.406.000 |
-14,09 |
332.207.000 |
19,58 |
277.813.000 |
|
|
|||||
|
Total equity |
446.848.000 |
8,60 |
411.451.000 |
15,93 |
354.909.000 |
|
Short term liabilities |
256.221.000 |
-15,95 |
304.847.000 |
58,76 |
192.014.000 |
|
|
|||||
|
Net result |
35.397.000 |
-37,40 |
56.542.000 |
4,26 |
54.232.000 |
|
|
|||||
|
Working capital |
305.938.000 |
5,86 |
288.997.000 |
4,66 |
276.139.000 |
|
Quick ratio |
1,13 |
2,73 |
1,10 |
-24,66 |
1,46 |
|
Company name |
Schils B.V. |
|
Trade names |
Schils B.V. |
|
Operative
address |
Dr. Nolenslaan 121 |
|
6136GM Sittard |
|
|
Netherlands |
|
|
Correspondence
address |
Postbus 435 |
|
6130AK Sittard |
|
|
Netherlands |
|
|
Telephone number |
0464599900 |
|
Fax number |
0464599999 |
|
Email address |
|
|
Website |
|
Registration
number |
KvK-nummer: 14004575 |
|
Branch number |
000017987776 |
|
VAT-number |
001731683 |
|
Status |
Active |
|
First
registration company register |
1963-05-13 |
|
Memorandum |
1963-05-02 |
|
Establishment
date |
1925-05-01 |
|
Legal form |
Besloten Vennootschap |
|
Last proposed
admendment |
2005-01-19 |
|
SBI |
AGRICULTURE (01) |
|
Slaughterhouses (no poultry) (1011) |
|
|
Manufacture of prepared feeds for farm
animals (1091) |
|
|
Wholesale of arable farming products and
cattle feeds (46218) |
|
|
Exporter |
No |
|
Importer |
No |
|
Goal |
Handel in melen, granen, kunstmest, grondstoffen voor
veevoederindustrie en menselijke consumptie, fabricage van voeders en
mengsels voor menselijke en/of dierlijke consumptive en het mesten en
slachten van kalveren, kippen, slachtvee, de handel daarin en in vlees(waren) |
|
Shareholders |
Schils Holding
B.V. |
|
Nijverheidsweg 11 |
|
|
3641RP MIJDRECHT |
|
|
Netherlands |
|
|
Registration number: 146281610000 |
|
|
Percentage: 100.00% |
|
|
Companies on
same address |
Schils Food B.V. |
|
Registration number: 140426840000 |
|
|
Liability
statements |
Van Drie Holding
B.V. |
|
Nijverheidsweg 11 |
|
|
3641RP Mijdrecht |
|
|
Netherlands |
|
|
Registration number: 301392070000 |
|
|
date of issue: 2013-04-10 |
|
|
Starting date: 2012-01-01 |
|
Accounts |
Rabobank Nederland |
|
Account number: 10.09.29.702 |
|
Active management |
Schils Holding
B.V. |
|
Nijverheidsweg 11 |
|
|
3641RP MIJDRECHT |
|
|
Netherlands |
|
|
Registration number: 146281610000 |
|
|
Competence: Fully authorized |
|
|
Function: Manager |
|
|
Starting date: 2004-12-29 |
|
|
H.J.P.L.
Houbiers (Hubertus Jacobus Philomena Leo) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Manager |
|
|
Starting date: 1999-03-01 |
|
|
Date of birth: 1959-08-29, Voerendaal, NL |
|
|
Involved with the following companies |
|
|
• Schils Food B.V. |
|
|
Dr. Nolenslaan 121 |
|
|
6136GM Sittard |
|
|
Netherlands |
|
|
Registration number: 140426840000 |
|
|
Function: Manager |
|
|
L. van den Broek
(Leendert) |
|
|
Netherlands |
|
|
Competence: Fully authorized |
|
|
Function: General Director |
|
|
Starting date: 2006-12-01 |
|
|
Date of birth: 1966-05-07, Hilversum, NL |
|
|
Involved with the following companies |
|
|
• Schils Food B.V. |
|
|
Dr. Nolenslaan 121 |
|
|
6136GM Sittard |
|
|
Netherlands |
|
|
Registration number: 140426840000 |
|
|
Function: General Director |
|
|
F.A.E. Martens
(Frank Alfons Elisabeth) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Proxy |
|
|
Starting date: 1999-03-01 |
|
|
Date of birth: 1967-03-04, Genk, BE |
|
|
C. Meijer
(Cornelis) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Proxy |
|
|
Starting date: 2001-06-01 |
|
|
Date of birth: 1951-07-31, Rotterdam, NL |
|
|
Involved with the following companies |
|
|
• Schils Food B.V. |
|
|
Dr. Nolenslaan 121 |
|
|
6136GM Sittard |
|
|
Netherlands |
|
|
Registration number: 140426840000 |
|
|
Function: Proxy |
|
|
M.R.E. Franken
(Mark Rudi Eddy) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Proxy |
|
|
Starting date: 2006-03-12 |
|
|
Date of birth: 1974-03-05, Maaseik, BE |
|
|
M.A. Reek (Marco
Alexander) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Proxy |
|
|
Starting date: 2013-05-01 |
|
|
Date of birth: 1970-06-10, Geleen, NL |
|
|
M.S.J. Knoben
(Miranda Sophia Johanna) |
|
|
Netherlands |
|
|
Competence: Limited authorization |
|
|
Function: Proxy |
|
|
Starting date: 2013-05-01 |
|
|
Date of birth: 1981-12-05, Elsloo, NL |
|
Total according
to the Chamber of Commerce |
70 |
|
Year |
2014 |
2012 |
2011 |
2010 |
2009 |
|
Total |
70 |
110 |
72 |
71 |
70 |
|
Score |
7,15 |
|
Description |
Payments are made regularly no complaints
are known |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
1,13 |
1,10 |
1,46 |
1,35 |
1,09 |
|
Current ratio |
2,19 |
1,95 |
2,44 |
2,40 |
1,89 |
|
Working capital/ balance total |
0,42 |
0,38 |
0,47 |
0,46 |
0,37 |
|
Equity / balance total |
0,62 |
0,55 |
0,60 |
0,57 |
0,45 |
|
Equity / Fixed assets |
2,72 |
2,59 |
2,90 |
2,67 |
2,01 |
|
Equity / liabilities |
1,60 |
1,21 |
1,51 |
1,32 |
0,82 |
|
Balance total / liabilities |
2,60 |
2,21 |
2,51 |
2,32 |
1,82 |
|
Working capital |
305.938.000 |
288.997.000 |
276.139.000 |
255.109.000 |
203.122.000 |
|
Equity |
446.848.000 |
411.451.000 |
354.909.000 |
315.677.000 |
250.054.000 |
|
Mutation equity |
8,60 |
15,93 |
12,43 |
26,24 |
15,41 |
|
Mutation short term liabilities |
-15,95 |
58,76 |
5,40 |
-20,38 |
-32,97 |
|
|
|||||
|
Return on total assets (ROA) |
6,68 |
10,02 |
12,71 |
16,25 |
7,12 |
|
Return on equity (ROE) |
10,86 |
18,32 |
21,16 |
28,59 |
15,84 |
|
Gross profit margin |
2,72 |
3,98 |
4,80 |
7,13 |
3,48 |
|
Net profit margin |
1,84 |
2,86 |
3,24 |
4,50 |
2,25 |
|
|
|||||
|
Average collection ratio |
7,51 |
6,49 |
8,71 |
7,92 |
6,49 |
|
Average payment ratio |
6,74 |
5,96 |
6,02 |
5,98 |
6,07 |
|
Equity turnover ratio |
4,31 |
4,81 |
4,71 |
4,57 |
5,94 |
|
Total assets turnover ratio |
2,65 |
2,63 |
2,83 |
2,60 |
2,67 |
|
Fixed assets turnover ratio |
11,73 |
12,47 |
13,64 |
12,22 |
11,94 |
|
Inventory conversion ratio |
7,06 |
7,70 |
8,93 |
7,50 |
8,09 |
|
|
|||||
|
Turnover |
1.924.359.000 |
1.979.553.000 |
1.671.640.000 |
1.442.374.000 |
1.486.124.000 |
|
Operating result |
52.419.000 |
78.756.000 |
80.167.000 |
102.898.000 |
51.716.000 |
|
Net result after taxes |
35.397.000 |
56.542.000 |
54.232.000 |
64.864.000 |
33.385.000 |
|
|
|||||
|
EBIT |
52.419.000 |
78.756.000 |
80.167.000 |
102.898.000 |
51.716.000 |
|
Summary |
The 2012 financial result structure is a positive working captial of 305.938.000
euro, which is in agreement with 42 % of the total assets of the company. The working capital has increased with 5.86 % 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 2.19. 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 1.13. 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 288.997.000
euro, which is in agreement with 38 % of the total assets of the company. The working capital has increase with 4.66 % 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 1.95. 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 1.1. A company with a Quick
Ratio of more than 1 can currently pay back its current liabilities. |
|
Type of annual
account |
Consolidated |
|
Annual account |
Van Drie Holding
B.V. |
|
Nijverheidsweg 11 |
|
|
3641RP Mijdrecht |
|
|
Netherlands |
|
|
Registration number: 301392070000 |
|
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 |
162.739.000 |
157.618.000 |
121.737.000 |
117.206.000 |
123.662.000 |
|
Financial fixed
assets |
1.383.000 |
1.180.000 |
804.000 |
861.000 |
756.000 |
|
Fixed assets |
164.122.000 |
158.798.000 |
122.541.000 |
118.067.000 |
124.418.000 |
|
|
|||||
|
Total stock |
272.587.000 |
257.152.000 |
187.106.000 |
192.194.000 |
183.634.000 |
|
Accounts receivable |
239.152.000 |
283.705.000 |
232.263.000 |
200.149.000 |
187.641.000 |
|
Other receivables |
46.254.000 |
48.502.000 |
45.550.000 |
41.030.000 |
57.128.000 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Total
receivables |
285.406.000 |
332.207.000 |
277.813.000 |
241.179.000 |
244.769.000 |
|
Liquid funds |
4.166.000 |
4.485.000 |
3.234.000 |
3.920.000 |
3.531.000 |
|
Current assets |
562.159.000 |
593.844.000 |
468.153.000 |
437.293.000 |
431.934.000 |
|
Total assets |
726.281.000 |
752.642.000 |
590.694.000 |
555.360.000 |
556.352.000 |
|
|
|||||
|
Minority
interests |
231.000 |
330.000 |
|
|
|
|
Total equity |
446.848.000 |
411.451.000 |
354.909.000 |
315.677.000 |
250.054.000 |
|
Provisions |
17.212.000 |
17.631.000 |
12.741.000 |
12.152.000 |
16.732.000 |
|
Long term interest yielding debt |
5.769.000 |
18.383.000 |
31.030.000 |
45.347.000 |
60.754.000 |
|
Long term
liabilities |
5.769.000 |
18.383.000 |
31.030.000 |
45.347.000 |
60.754.000 |
|
Accounts payable |
116.929.000 |
121.307.000 |
102.221.000 |
85.434.000 |
75.603.000 |
|
Other short term liabilities |
139.292.000 |
183.540.000 |
89.793.000 |
96.750.000 |
153.209.000 |
|
Short term
liabilities |
256.221.000 |
304.847.000 |
192.014.000 |
182.184.000 |
228.812.000 |
|
Total short and long
term liabilities |
279.202.000 |
340.861.000 |
235.785.000 |
239.683.000 |
306.298.000 |
|
Total
liabilities |
726.281.000 |
752.642.000 |
590.694.000 |
555.360.000 |
556.352.000 |
|
Summary |
The total assets of the company decreased with -3.5 % between 2011 and
2012. Despite the total assets decrease, non current assets grew with 3.35
%. The asset reduction is in contrast with the equity growth of 8.6 %.
Due to this the total debt decreased with -18.09 %. In 2012 the assets of the company were 22.6 % composed of fixed assets
and 77.4 % by current assets. The assets are being financed by an equity of
61.53 %, and total debt of 38.47 %. The total assets of the company increased with 27.42 % between 2010
and 2011. The total asset increase is retrievable in the fixed asset growth of
29.59 %. The asset growth has mainly been financed by a debt increase of 44.56
%. The Net Worth, however, grew with 15.93 %. In 2011 the assets of the company were 21.1 % composed of fixed assets
and 78.9 % by current assets. The assets are being financed by an equity of
54.67 %, and total debt of 45.33 %. |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
1.941.810.000 |
2.034.345.000 |
1.671.304.000 |
1.451.138.000 |
1.455.009.000 |
|
Other operating income |
17.451.000 |
54.792.000 |
-336.000 |
8.764.000 |
-31.115.000 |
|
Net turnover |
1.924.359.000 |
1.979.553.000 |
1.671.640.000 |
1.442.374.000 |
1.486.124.000 |
|
Operating expenses |
1.889.391.000 |
1.955.589.000 |
1.591.137.000 |
1.348.240.000 |
1.403.293.000 |
|
Result in subsidiaries |
-108.000 |
||||
|
Operating result |
52.419.000 |
78.756.000 |
80.167.000 |
102.898.000 |
51.716.000 |
|
Financial result |
-3.783.000 |
-3.375.000 |
-5.071.000 |
-12.654.000 |
-12.118.000 |
|
Result on
ordinary operations before taxes |
48.528.000 |
75.381.000 |
75.096.000 |
90.244.000 |
39.598.000 |
|
Taxation on the result of ordinary
activities |
13.230.000 |
18.839.000 |
20.864.000 |
25.380.000 |
6.213.000 |
|
Result of
ordinary activities after taxes |
35.298.000 |
56.542.000 |
54.232.000 |
64.864.000 |
33.385.000 |
|
Net result |
35.397.000 |
56.542.000 |
54.232.000 |
64.864.000 |
33.385.000 |
|
Attributable to third parties |
-99.000 |
||||
|
Summary |
The turnover of the company decreased by -2.79 % between 2011 and 2012. The operating result of the company declined with -33.44 % between 2011 and 2012. This evolution implies an decrease of the company's economic profitability. The result of these changes is a reduction of the company's Economic Profitability of -33.33% of the analysed period, being equal to 2011 % in the year 2012. Despite the decline the assets turnover did not change, the index remained the same at 2.65. The Net Result of the company increased by -37.4 % between 2011 and 2012. 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 -40.72 % of the analysed period, being 10.86 % in the year 2012. The company's financial profitability has been positively affected by its financial structure. The turnover of the company grew with 18.42 % between 2010 and 2011. The operating result of the company declined with -1.76 % between 2010 and 2011. This evolution implies an decrease of the company's economic profitability. The result of these changes is a reduction of the company's Economic Profitability of -21.16% of the analysed period, being equal to 2010 % in the year 2011. This fall has contributed to a asset turnover decrease, whose index evolved from -7.07 to a level of 2.63. The Net Result of the company decreased by 4.26 % between 2010 and 2011. 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 -13.42 % of the analysed period, being 18.32 % in the year 2011. The company's financial profitability has been positively affected by its financial structure. |
|
Branch (SBI) |
Manufacture of food products (10) |
|
Region |
Limburg |
|
In the Netherlands 6059 of the companies are registered with the SBI code
10 |
|
|
In the region Limburg 419 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 Limburg 12 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 Limburg is normal |
|
Consent
statements |
21-02-2014: Voor boekjaar 2012 is een instemmingsverklaring
gedeponeerd. |
|
Liability
statements |
11-04-2013: Per 10-04-2013 is een aansprakelijkheidsverklaring door
Van Drie Holding B.V. gedeponeerd |
|
. |
|
|
Filings |
05-02-2013: De jaarrekening over 2011 is gepubliceerd. |
|
15-02-2012: De jaarrekening over 2010 is gepubliceerd. |
|
|
15-02-2011: De jaarrekening over 2009 is gepubliceerd. |
|
|
01-02-2010: De jaarrekening over 2008 is gepubliceerd. |
|
|
Functions |
20-05-2013: Per 01-05-2013 is gevolmachtigde Marco Alexander Reek in
functie getreden. |
|
20-05-2013: Per 01-05-2013 is gevolmachtigde Miranda Sophia Johanna
Knoben in functie getreden |
|
Relations |
31 |
|
Van Drie Holding
B.V. |
|
Nijverheidsweg 11 |
|
3641RP Mijdrecht |
|
Netherlands |
|
Registration number: 301392070000 |
|
• Schils
Holding B.V. |
|
Nijverheidsweg 11 |
|
3641RP MIJDRECHT |
|
Netherlands |
|
Registration number: 146281610000 |
|
• Schils
B.V. |
|
Dr. Nolenslaan 121 |
|
6136GM Sittard |
|
Netherlands |
|
Registration number: 140045750000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.29 |
|
|
1 |
Rs. 99.34 |
|
Euro |
1 |
Rs. 80.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.