MIRA
INFORM REPORT
|
Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
OOSTENDORP
APPARATENBOUW B.V. |
|
|
|
|
Registered Office : |
Voor de Kijkuit 1, 4001HG Tiel |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1918 |
|
|
|
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Com. Reg. No.: |
110133890000 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
·
Manufacture of other
special-purpose machinery and equipment ·
Wholesale of ferrous metals and
ferrous semi-finished products ·
Wholesale of non-ferrous metals and
non-ferrous semi-finished products |
|
|
|
|
No. of Employees |
56 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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
Summary
Company name Oostendorp
Apparatenbouw B.V.
Operative address Voor
de Kijkuit 1
4001HG
Tiel
Netherlands
Legal form Besloten
Vennootschap
VAT-number 004648225
|
Year 2012 Mutation 2011 Mutation
2010 |
|||||||
|
Total receivables |
1.005.886 |
|
-21,88 |
1.287.627 |
|
118,04 |
590.544 |
|
|
|||||||
|
Total equity |
439.740 |
* |
159,71 |
169.320 |
|
-68,64 |
539.858 |
|
Short term liabilities |
2.707.423 |
|
15,60 |
2.341.967 |
|
-14,67 |
2.744.717 |
|
|
|||||||
|
Net result |
|
|
|
|
t |
100,00 |
-1.054.156 |
|
|
|||||||
|
Working capital |
473.412 |
* |
123,94 |
211.398 |
|
-63,43 |
577.986 |
|
Quick ratio |
0,38 |
|
-30,91 |
0,55 |
t |
150,00 |
0,22 |
contact information
Company name Oostendorp
Apparatenbouw B.V.
Trade names Oostendorp
Apparatenbouw B.V.
Operative address Voor
de Kijkuit 1
4001HG
Tiel
Netherlands
Correspondence address Postbus
462
4000AL
Tiel
Netherlands
Telephone number 0344675555
Fax number 0344675566
Email address apparatenbouw@oostendorp.nl
Website www.oostendorp.com
Registration
Branch number 000017040604
VAT-number 004648225
Status
Active
Memorandum 1978-06-07
Establishment date 1918-01-01
Legal form Besloten
Vennootschap
Last proposed admendment 2006-06-19
Activities
SBI Manufacture
of other special-purpose machinery and equipment n.e.c. (2899)
Wholesale
of ferrous metals and ferrous semi-finished products (46722)
Wholesale
of non-ferrous metals and non-ferrous semi-finished products (46723)
Exporter Yes
Importer Yes
Branche organisations NIL - Nederlands Instituut
voor Lastechniek
GCA
Goal 1)
de vennootschap heeft ten doel het ontwerpen, fabriceren en installeren van
apparaten,machines en installaties en de handel daarin, alles te nemen in de
ruimste zin, en voorts het
verrichten van alle werkzaamheden en het doen van alle
handelingen, welke met dit doel in
verband staan, daaruit voortvloeien of daaraan bevordelijk
kunnen zijn. 2) zij kan deelnemen
in en/of fuseren met en de directie voeren over de andere
ondernemingen met een soortgelijk
of aanverwant doel. 3) zij is bevoegd tot het oprichten
van en aangesloten zijn bij
pensioenfondsen en/of andere fondsen ten behoeve van
werknemers van de vennootschap,
daaronder begrepen de leden van de directie.
Relations
Shareholders W.H. Oostendorp B.V.
Voor
de Kijkuit 1
4001HG
TIEL
Netherlands
Registration
number: 110021280000
Percentage:
100.00%
Companies on same address
Madioen
Holding B.V.
Registration
number: 110255520000
Oostendorp
Handelmaatschappij B.V.
Registration
number: 110133900000
W.H.
Oostendorp B.V.
Registration
number: 110021280000
Management
Active management R.J.M.
Vlek (Robertus Jacobus Mattheus)
Netherlands
Competence:
Fully authorized
Function:
Manager
Starting
date: 2012-03-01
Date
of birth: 1969-04-08, 's-Gravenhage, NL
Madioen
Holding B.V.
Voor
de Kijkuit 1
4001HG
TIEL
Netherlands
Registration
number: 110255520000
Competence:
Fully authorized
Function:
Proxy
Starting
date: 2011-03-31
Employees
|
Total according to the Chamber of Commerce |
56 |
|
|
|
|
|
|
Year |
|
2014 |
2012 |
2011 |
2010 |
2009 |
|
Total |
|
56 |
56 |
56 |
56 |
57 |
Payment
Score 7,9
Description Payments made under regular
condition
Key figures
|
|
|||||
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,38 |
0,55 |
0,22 |
0,59 |
0,70 |
|
Current ratio |
1,17 |
1,09 |
1,21 |
1,67 |
1,37 |
|
|
|||||
|
Working capital/ balance total |
0,15 |
0,08 |
0,17 |
0,40 |
0,27 |
|
Equity / balance total |
0,14 |
0,07 |
0,16 |
0,39 |
0,27 |
|
Equity / liabilities |
0,16 |
0,07 |
0,19 |
0,64 |
0,37 |
|
Balance total / liabilities |
1,16 |
1,07 |
1,19 |
1,64 |
1,37 |
|
|
|||||
|
Working capital |
473.412 |
211.398 |
577.986 |
1.628.671 |
1.740.861 |
|
Equity |
439.740 |
169.320 |
539.858 |
1.594.014 |
1.711.377 |
|
Mutation equity |
159,71 |
-68,64 |
-66,13 |
-6,86 |
-0,82 |
|
Mutation short term liabilities |
15,60 |
-14,67 |
12,50 |
-47,46 |
-20,90 |
|
|
|||||
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Return on total assets (ROA) |
|
|
-42,59 |
12,62 |
21,78 |
|
Return on equity (ROE) |
|
|
-262,10 |
32,22 |
81,25 |
|
Gross margin |
|
|
3.673.124 |
5.881.022 |
7.122.905 |
|
Operating result |
|
|
-1.245.245 |
663.607 |
1.390.455 |
|
Net result after taxes |
|
|
-1.054.156 |
382.637 |
1.035.889 |
|
|
|||||
|
EBIT |
|
|
-1.245.245 |
663.607 |
1.390.455 |
Summary
The 2012 financial result structure is a postive working
captial of 473.412 euro, which is in
agreement with 15 % of the total assets of the company.
The working capital has increased with 123.94 % 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 1.17. 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 0.38. 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 211.398 euro, which is in
agreement with 8 % of the total assets of the company.
The working capital has diminished with -63.43 % compared
to previous year. The ratio, with
respect to the total assets of the company has however,
declined.
The deterioration between 2010 and 2011 has mainly been
caused by an increase of the
current liabilities.
The current ratio of the company in 2011 was 1.09. 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 0.55. 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 Oostendorp
Apparatenbouw B.V.
Voor
de Kijkuit 1
4001HG
Tiel
Netherlands
Registration number: 110133890000
Balance
|
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 |
2.162.125 |
1.259.179 |
2.723.606 |
2.635.984 |
3.114.689 |
|
Total receivables |
1.005.886 |
1.287.627 |
590.544 |
1.430.091 |
3.269.751 |
|
Liquid funds |
12.824 |
6.559 |
8.553 |
2.283 |
|
|
Current assets |
3.180.835 |
2.553.365 |
3.322.703 |
4.068.358 |
6.384.440 |
|
Total assets |
3.180.835 |
2.553.365 |
3.322.703 |
4.068.358 |
6.384.440 |
|
|
|||||
|
Issued capital |
226.890 |
226.890 |
226.890 |
226.890 |
226.890 |
|
Other reserves |
212.850 |
-57.571 |
1.367.124 |
984.487 |
448.598 |
|
Non-distributable profit |
|
|
1.054.156 |
382.637 |
1.035.889 |
|
Total reserves |
212.850 |
-57.571 |
3.475.436 |
1.367.124 |
1.484.487 |
|
Total equity |
439.740 |
169.320 |
539.858 |
1.594.014 |
1.711.377 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Provisions |
33.672 |
42.078 |
38.128 |
34.657 |
29.484 |
|
Short term liabilities |
2.707.423 |
2.341.967 |
2.744.717 |
2.439.687 |
4.643.579 |
|
Total short and long term liabilities |
2.741.095 |
2.384.045 |
2.782.845 |
2.474.344 |
4.673.063 |
|
Total liabilities |
3.180.835 |
2.553.365 |
3.322.703 |
4.068.358 |
6.384.440 |
Summary
The total assets of the company increased with 24.57 % between
2011 and 2012.
The asset growth has mainly been financed by a Net Worth
increase of 159.71 %. Debt,
however, grew with 14.98 %.
The total assets of the company decreased with -23.15 %
between 2010 and 2011.
Assets reduction is explained by a Net Worth decrease of
-68.64 %, and an indebtedness
reduction of -14.33 %.
Profit and loss
|
Year |
|
2010 |
2009 |
2008 |
|
Gross margin |
|
3.673.124 |
5.881.022 |
7.122.905 |
|
|
||||
|
Wages and salaries |
|
2.575.310 |
2.814.573 |
2.980.888 |
|
other operating costs |
|
2.343.059 |
2.402.842 |
2.751.562 |
|
Operating expenses |
|
4.918.369 |
5.217.415 |
5.732.450 |
|
Operating result |
|
-1.245.245 |
663.607 |
1.390.455 |
|
|
||||
|
Financial expenses |
|
169.729 |
150.000 |
|
|
Year |
2010 |
2009 |
2008 |
|
|
Financial result |
-169.729 |
-150.000 |
|
|
|
Result on ordinary operations before taxes |
|
-1.414.974 |
513.607 |
1.390.455 |
|
|
||||
|
Taxation on the result of ordinary activities |
-360.818 |
130.970 |
354.566 |
|
|
Result of ordinary activities after taxes |
|
-1.054.156 |
382.637 |
1.035.889 |
|
Net result |
|
-1.054.156 |
382.637 |
1.035.889 |
Analysis
Branch (SBI) Manufacture
of machinery and equipment n.e.c. (28)
Region Nijmegen-Rivierenland
In
the Netherlands 4630 of the companies are registered with the SBI code 28
In
the region Nijmegen-Rivierenland 194 of the companies are registered with the
SBI code
28
In
the Netherlands 136 of the bankrupcties are published within this sector
In
the region Nijmegen-Rivierenland 11 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
Nijmegen-Rivierenland is normal
Publications
Filings 24-05-2013:
De jaarrekening over 2012 is gepubliceerd.
05-02-2013:
De jaarrekening over 2011 is gepubliceerd.
27-06-2011:
De jaarrekening over 2010 is gepubliceerd.
23-07-2010:
De jaarrekening over 2009 is gepubliceerd.
31-08-2009:
De jaarrekening over 2008 is gepubliceerd.
Functions 05-03-2012:
Per 02-03-2012 is bestuurder Rein Geldorp uit functie getreden.
02-03-2012:
Per 01-03-2012 is bestuurder Robertus Jacobus Mattheus Vlek in functie
getreden.
01-07-2011:
Per 01-07-2011 is bestuurder Rein Geldorp in functie getreden.
01-07-2011:
Per 01-07-2011 is bestuurder Franciscus Lodevicus Theodorus Hoffmans uit
functie
getreden.
08-04-2011:
Per 31-03-2011 is gevolmachtigde 11025552 Madioen Holding B.V. in functie
getreden.
08-04-2011: Per 31-03-2011 is gevolmachtigde
Erik Jan Geldorp uit functie getreden.
Company structure
Relations 11
Quarantus B.V.
Molenstraat 46
4033AV LIENDEN
Netherlands
Registration number: 302473000000
• Madioen Holding B.V.
Voor de Kijkuit 1
4001HG TIEL
Netherlands
Registration number: 110255520000
• W.H. Oostendorp B.V.
Voor de Kijkuit 1
4001HG TIEL
Netherlands
Registration number: 110021280000
• Oostendorp Apparatenbouw B.V.
Voor de Kijkuit 1
4001HG Tiel
Netherlands
Registration
number: 110133890000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.07 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
PDT |
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.