MIRA
INFORM REPORT
|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SKALAR ANALYTICAL
B.V. |
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|
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Registered Office : |
Tinstraat 12, 4823AA Breda |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.03.1982 |
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Com. Reg. No.: |
20042879 |
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Legal Form : |
Private Company |
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Line of Business : |
· Engaged in producing analyzers for the laboratory and process industry. Manufacturer of instruments for measuring, testing,
navigation and controlling Wholesaler of electronic and communication equipment as
well as related parts Subject
product ranges includes : Robotic analyzers San++ BluVision™ FormacsSERIES PrimacsSERIES On-Line Analyzers |
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No of Employees : |
60 (2014) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 2012-13 tax revenues
dropped, 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 |
Summary
Company name Skalar Analytical B.V.
Operative address Tinstraat
12
4823AA Breda
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
20042879
VAT-number 006220770
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
1.299.909 |
42,02 |
915.317 |
6,73 |
857.597 |
|
Total
receivables |
6.787.873 |
11,30 |
6.098.461 |
-2,37 |
6.246.531 |
|
Total equity |
8.268.569 |
10,30 |
7.496.592 |
12,75 |
6.648.695 |
|
Short term
liabilities |
3.786.332 |
-10,98 |
4.253.175 |
2,27 |
4.158.745 |
|
Net result |
771.977 |
-8,95 |
847.897 |
-5,58 |
898.019 |
|
Working
capital |
7.175.992 |
5,66 |
6.791.443 |
13,22 |
5.998.595 |
|
Quick ratio |
1,88 |
16,05 |
1,62 |
3,18 |
1,57 |
Contact information
Company name Skalar
Analytical B.V.
Trade names Skalar
Analytical B.V.
Operative address Tinstraat
12
4823AA
Breda
Netherlands
Correspondence address Postbus
3237
4800DE Breda
Netherlands
Telephone number 0765486486
Fax number 0765486400
Email address info@skalar.com
Website www.skalar.com
Registration
Registration number KvK-nummer:
20042879
Branch number 000018785999
VAT-number 06220770
Status Active
Memorandum 1982-03-19
Establishment date 1982-03-19
Legal form Besloten
Vennootschap (Private company)
Activities
· Engaged in producing analyzers for the laboratory and process industry.
Manufacturer
of instruments for measuring, testing, navigation and controlling
Wholesaler
of electronic and communication equipment as well as related parts
Subject product ranges
includes :
Robotic analyzers
San++
BluVision™
FormacsSERIES
PrimacsSERIES
On-Line Analyzers
Exporter No
Importer No
Branche organisations Federatie van
Technologiebranches
Goal De
handel in- en ontwikkeling van apparatuur voor het automatiseren van analyses,
een
En ander in de ruimste zin des
woords. De ontwikkeling, fabricage, wereldwijde verkoop en service van
geautomatiseerde analyse apparatuur.
Relations
Dutch Soil Testing Laboratories (Dusotel) B.V.
Registration number: 200457690000
Inanco B.V.
Registration number: 201082690000
Companies on same
address
International Trading & Services BV
Registration number: 260126170000
Skalar Holding B.V.
Registration number: 200553860000
Stichting Administratiekantoor Inanco
Registration number: 201083020000
Management
Active management
Skalar Holding B.V.
Tinstraat 12
4823AA BREDA
Netherlands
Registration number: 200553860000
Competence: Fully authorized
Function: Manager
Starting date: 1991-09-30
S.A. Furrer (Sjaak Albert)
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 1998-07-01
Date of birth: 1968-10-07, Taipei, CN
R.A.C.A. van der Wagt (René Aart Cornelis Adrianus)
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2000-11-01
Date of birth: 1967-11-02, Rotterdam, NL
A.R. Baremans (André Roger)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2001-02-09
Date of birth: 1972-03-22, Breda, NL
L.A.M. Plevier (Laurentius Antonius Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-03-21
Date of birth: 1947-10-09, Wouw, NL
A. Neele (Abraham)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-03-21
Date of birth: 1952-08-25, Sint Philipsland, NL
Employees
Total according to the Chamber of Commerce 60
|
Year |
2014 |
2012 |
2011 |
2010 |
2009 |
|
Total |
60 |
90 |
90 |
78 |
1 |
Payments
Description Payments
are made regularly no complaints are known
Key Figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
1,88 |
1,62 |
1,57 |
1,47 |
1,34 |
|
Current ratio |
2,90 |
2,60 |
2,44 |
2,45 |
2,19 |
|
Working capital/ balance
total |
0,59 |
0,57 |
0,54 |
0,54 |
0,50 |
|
Equity / balance total |
0,67 |
0,63 |
0,60 |
0,61 |
0,56 |
|
Equity / Fixed assets |
6,36 |
8,19 |
7,75 |
7,33 |
7,33 |
|
Equity / liabilities |
2,07 |
1,68 |
1,52 |
1,55 |
1,28 |
|
Balance total / liabilities |
3,07 |
2,68 |
2,52 |
2,55 |
2,28 |
|
Working capital |
7.175.992 |
6.791.443 |
5.998.595 |
5.133.317 |
4.715.199 |
|
Equity |
8.268.569 |
7.496.592 |
6.648.695 |
5.750.676 |
5.285.174 |
|
Mutation equity |
10,30 |
12,75 |
15,62 |
8,81 |
16,26 |
|
Mutation short term liabilities |
-10,98 |
2,27 |
17,59 |
-11,09 |
93,58 |
|
Return on total assets (ROA) |
4,81 |
8,96 |
10,49 |
5,88 |
9,71 |
|
Return on equity (ROE) |
7,14 |
14,29 |
17,38 |
9,66 |
17,29 |
|
Gross margin |
7.481.050 |
7.625.581 |
7.161.062 |
6.578.861 |
6.537.288 |
|
Operating result |
617.275 |
1.128.696 |
1.225.739 |
698.432 |
1.076.409 |
|
Net result after taxes |
771.977 |
847.897 |
898.019 |
465.502 |
739.410 |
|
Cashflow |
885.603 |
952.670 |
1.014.664 |
579.771 |
839.988 |
|
EBIT |
617.275 |
1.128.696 |
1.225.739 |
698.432 |
1.076.409 |
|
EBITDA |
730.901 |
1.233.469 |
1.342.384 |
812.701 |
1.176.987 |
Summary
The
2012 financial result structure is a positive working capital of 7.175.992 euro,
which is in agreement with 59 % of the total assets of the company.
The
working capital has increased with 5.66 % 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 2.9. 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 1.88. 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 6.791.443
euro, which is in agreement with 57 % of the total assets of the company.
The
working capital has increased with 13.22 % 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 2.6. 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 1.62. 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 Skalar
Analytical B.V.
Tinstraat 12
4823AA Breda
Netherlands
Registration number: 200428790000
Balance Sheet
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
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|||||
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End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
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|||||
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Tangible
fixed assets |
711.178 |
603.192 |
596.189 |
530.430 |
470.330 |
|
|||||
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Financial
fixed assets |
583.483 |
303.559 |
251.047 |
240.982 |
250.441 |
|
|||||
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Fixed
assets |
1.299.909 |
915.317 |
857.597 |
784.806 |
720.771 |
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|||||
|
Total
stock |
3.859.984 |
4.148.891 |
3.617.596 |
3.454.158 |
3.365.150 |
|
|||||
|
Total
receivables |
6.787.873 |
6.098.461 |
6.246.531 |
4.791.227 |
5.326.600 |
|
|||||
|
Liquid funds |
314.467 |
797.266 |
293.213 |
424.647 |
1.510 |
|
|||||
|
Current
assets |
10.962.324 |
11.044.618 |
10.157.340 |
8.670.032 |
8.693.260 |
|
|||||
|
Total
assets |
12.262.233 |
11.959.935 |
11.014.937 |
9.454.838 |
9.414.031 |
|
|||||
|
Total
equity |
8.268.569 |
7.496.592 |
6.648.695 |
5.750.676 |
5.285.174 |
||||||
|
Provisions |
207.332 |
210.168 |
207.497 |
167.447 |
150.796 |
||||||
|
Short
term liabilities |
3.786.332 |
4.253.175 |
4.158.745 |
3.536.715 |
3.978.061 |
||||||
|
Total
short and long term liabilities |
3.993.664 |
4.463.343 |
4.366.242 |
3.704.162 |
4.128.857 |
||||||
|
Total
liabilities |
12.262.233 |
11.959.935 |
11.014.937 |
9.454.838 |
9.414.031 |
||||||
Summary
The
total assets of the company increased with 2.53 % between 2011 and 2012.
The
total asset increase is retrievable in the fixed asset growth of 42.02 %.
The assets
growth has been financed by a Net Worth increase of 10.3 %. The company's net
increase has also covered a reduction of -10.52 % of the company's
indebtedness.
In
2012 the assets of the company were 10.6 % composed of fixed assets and 89.4 %
by current assets. The assets are being financed by an equity of 67.43 %, and
total debt of 32.57 %.
The
total assets of the company increased with 8.58 % between 2010 and 2011.
The
fixed asset growth of 6.73 % is lower than the total asset growth.
The
asset growth has mainly been financed by a Net Worth increase of 12.75 %. Debt,
however, grew with 2.22 %.
In
2011 the assets of the company were 7.65 % composed of fixed assets and 92.35 %
by current assets. The assets are being financed by an equity of 62.68 %, and
total debt of 37.32 %.
Profit & Loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Gross margin |
7.481.050 |
7.625.581 |
7.161.062 |
6.578.861 |
6.537.288 |
|
|
|||||
|
Wages and salaries |
3.906.426 |
3.644.206 |
2.896.023 |
3.432.690 |
3.353.071 |
|
Amorization and depreciation |
113.626 |
104.773 |
116.645 |
114.269 |
100.578 |
|
other operating costs |
2.843.723 |
2.747.906 |
2.922.655 |
2.333.470 |
2.007.230 |
|
Operating expenses |
6.863.775 |
6.496.885 |
5.935.323 |
5.880.429 |
5.460.879 |
|
Operating result |
617.275 |
1.128.696 |
1.225.739 |
698.432 |
1.076.409 |
|
|
|||||
|
Financial income |
94.974 |
71.224 |
55.676 |
67.213 |
82.566 |
|
Financial expenses |
121.826 |
128.524 |
126.106 |
210.053 |
244.908 |
|
Financial result |
-26.852 |
-57.300 |
-70.430 |
-142.840 |
-162.342 |
|
Result on ordinary operations before taxes |
590.423 |
1.071.396 |
1.155.309 |
555.592 |
914.067 |
|
|
|||||
|
Taxation on the result of
ordinary activities |
128.370 |
258.011 |
282.355 |
130.631 |
223.750 |
|
Result of ordinary activities after taxes |
462.053 |
813.385 |
872.954 |
424.961 |
690.317 |
|
|
|||||
|
Extraordinary income |
197.780 |
|
|
|
|
|
Extraordinary result after
taxation |
197.780 |
|
|
|
|
|
Result subsidiaries after
taxes |
112.144 |
34.512 |
25.065 |
40.541 |
49.093 |
|
Net result |
771.977 |
847.897 |
898.019 |
465.502 |
739.410 |
Summary
The
gross profit of the company decreased by -1.9 % between 2011 and 2012.
The operating
result of the company declined with -45.31 % 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 -46.32 % of the analysed period, being equal to 2011 % in the year 2012.
The
Net Result of the company increased by -8.95 % 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 -50.03 % of the analysed period, being 7.14 %
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 6.49 % between 2010 and 2011.
The
operating result of the company declined with -7.92 % 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 -14.59 % of the analysed period, being equal to 2010 % in the year 2011.
The
Net Result of the company increased by -5.58 % 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 -17.78 % of the analysed period, being 14.29 %
in the year 2011.
The
company's financial profitability has been positively affected by its financial
structure.
Analysis
Branch (SBI) Wholesale
trade (no motor vehicles and motorcycles) (46)
Region West-Brabant
In the Netherlands 109662 of
the companies are registered with the SBI code 46
In the region West-Brabant
4857 of the companies are registered with the SBI code 46
In the Netherlands 2387 of the
bankrupcties are published within this sector
In the region West-Brabant 119
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 West-Brabant is normal
Publications
Filings 01-10-2013:
De jaarrekening over 2012 is gepubliceerd.
26-10-2012: De jaarrekening
over 2011 is gepubliceerd.
21-10-2011: De jaarrekening
over 2010 is gepubliceerd.
01-11-2010: De jaarrekening
over 2009 is gepubliceerd.
27-07-2009: De jaarrekening
over 2008 is gepubliceerd.
Functions 09-04-2014:
Per 21-03-2014 is gevolmachtigde Abraham Neele in functie getreden.
09-04-2014: Per 21-03-2014 is
gevolmachtigde Laurentius Antonius Maria Plevier in functie
getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.