MIRA INFORM REPORT
|
Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHMOLZ + BICKENBACH B.V. |
|
|
|
|
Registered Office : |
Gildenweg 21 3334KC
Zwijndrecht |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.06.2005 |
|
|
|
|
Com. Reg. No.: |
23042855 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
·
Wholesale
trade (no motor vehicles and motorcycles) · Wholesale of ferrous metals and ferrous semi-finished products. |
|
|
|
|
No. of Employees : |
49 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 Schmolz + Bickenbach B.V.
Operative address Gildenweg
21
3334KC
Zwijndrecht
Netherlands
Legal form Private Company
Registration number KvK-nummer:
23042855
VAT-number 001884116
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
11.378.095 |
-4,44 |
11.906.261 |
-0,85 |
12.008.571 |
|
Total receivables |
11.176.408 |
8,77 |
10.275.051 |
4,87 |
9.797.572 |
|
Total equity |
24.126.441 |
2,02 |
23.649.643 |
-2,79 |
24.328.092 |
|
Short term liabilities |
7.384.954 |
-31,28 |
10.746.521 |
-12,80 |
12.323.299 |
|
Net result |
290.950 |
142,88 |
-678.449 |
-185,03 |
797.927 |
|
Working capital |
13.447.676 |
0,87 |
13.332.291 |
-0,59 |
13.411.940 |
|
Quick ratio |
1,56 |
56,00 |
1,00 |
17,65 |
0,85 |
Contact
information
Company name Schmolz
+ Bickenbach B.V.
Trade names Schmolz
+ Bickenbach B.V.
Operative address Gildenweg
21
3334KC
Zwijndrecht
Netherlands
Correspondence address Postbus
298
3330AG Zwijndrecht
Netherlands
Telephone number 0786230600
Fax number 0786101030
Email address sbstaal@schmolz-bickenbach.nl
Website www.schmolz-bickenbach.nl
Registration
Registration number KvK-nummer:
23042855
Branch number 000020086326
VAT-number 001884116
Status Active
Memorandum 1954-11-22
Establishment date 1954-10-11
Legal form Private
Company
Last proposed admendment 2005-06-17
Activities
SBI Wholesale trade
(no motor vehicles and motorcycles) (46)
Wholesale of
ferrous metals and ferrous semi-finished products (46722)
Exporter Yes
Importer Yes
Branche organisations Staalfederatie
(branchegroep van Koninklijke metaalunie)
Goal De handel in, de
import en export van en transitohandel in alle zaken, speciaal in staal,
staalwaren en aanverwante zaken
Relations
Shareholders Naam: Schmolz + Bickenbach Europe GmbH
Bezoekadres: Eupener Strasse 70, 40549
Düsseldorf, Bondsrepubliek Duitsland
Ingeschreven in: Handelsregister Düsseldorf,
Bondsrepubliek Duitsland onder nummer HRB 57193
Enig aandeelhouder sedert: 28-12-2007
Management
Active management J.D.
den Hollander (Jan Dirk)
Netherlands
Competence: Jointly authorized
Function: General Director
Starting date: 2002-07-01
Date of birth: 1959-07-04, Dordrecht, NL
Z. Baas (Zeger)
Netherlands
Competence: Jointly authorized
Function: Financieel Manager
Starting date: 2007-09-01
Date of birth: 1977-04-01, Alblasserdam, NL
Employees
Total according to the Chamber of Commerce 49
Year 2014
2013 2012 2011 2010
Total 49
49 49 49 61
Payments
|
Description |
The payments are regular |
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
1,56 |
1,00 |
0,85 |
2,23 |
1,38 |
|
Current ratio |
2,82 |
2,24 |
2,09 |
4,41 |
3,76 |
|
|
|||||
|
Working capital/ balance total |
0,42 |
0,37 |
0,36 |
0,58 |
0,56 |
|
Equity / balance total |
0,75 |
0,66 |
0,64 |
0,71 |
0,67 |
|
Equity / Fixed assets |
2,12 |
1,99 |
2,03 |
2,77 |
2,74 |
|
Equity / liabilities |
2,98 |
1,92 |
1,81 |
2,40 |
2,01 |
|
Balance total / liabilities |
3,98 |
2,92 |
2,81 |
3,40 |
3,01 |
|
|
|||||
|
Working capital |
13.447.676 |
13.332.291 |
13.411.940 |
19.184.779 |
20.504.741 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Equity |
24.126.441 |
23.649.643 |
24.328.092 |
23.530.165 |
24.662.051 |
|
Mutation equity |
2,02 |
-2,79 |
3,39 |
-4,59 |
-4,90 |
|
Mutation short term liabilities |
-31,28 |
-12,80 |
118,97 |
-24,27 |
-10,05 |
|
|
|||||
|
Return on total assets (ROA) |
1,23 |
-1,01 |
3,63 |
-4,38 |
-3,72 |
|
Return on equity (ROE) |
1,64 |
-1,53 |
5,63 |
-6,20 |
-5,57 |
|
Gross profit margin |
0,73 |
0,86 |
3,47 |
-3,27 |
-1,26 |
|
Net profit margin |
0,44 |
-0,91 |
1,42 |
-2,67 |
-1,53 |
|
|
|||||
|
Average collection ratio |
8,95 |
6,93 |
4,57 |
7,25 |
8,87 |
|
Average payment ratio |
5,92 |
7,25 |
5,74 |
5,74 |
6,45 |
|
Equity turnover ratio |
2,74 |
3,15 |
2,31 |
1,73 |
2,67 |
|
Total assets turnover ratio |
2,05 |
2,07 |
1,49 |
1,22 |
1,78 |
|
Fixed assets turnover ratio |
5,81 |
6,26 |
4,69 |
4,80 |
7,33 |
|
Inventory conversion ratio |
7,12 |
5,61 |
3,68 |
3,32 |
3,73 |
|
|
|||||
|
Turnover |
66.108.878 |
74.507.188 |
56.265.729 |
40.800.864 |
65.902.305 |
|
Gross margin |
6.950.692 |
8.363.817 |
|
|
|
|
Operating result |
481.351 |
641.794 |
1.955.110 |
-1.335.350 |
-827.689 |
|
Net result after taxes |
290.950 |
-678.449 |
797.927 |
-1.089.193 |
-1.007.248 |
|
|
|||||
|
Cashflow |
889.458 |
-45.512 |
|
|
|
|
EBIT |
481.351 |
641.794 |
1.955.110 |
-1.335.350 |
-827.689 |
|
EBITDA |
1.079.859 |
1.274.731 |
|
|
|
Summary The 2012 financial result structure is a postive working captial of 13.447.676 euro, which is in agreement with 42 % of the total assets of the company.
The working capital remained unchanged compared to previous year. The ratio with respect to the total assets of the company has however, increased.
The unchanged capital can be explained by an increase in current assets and a decrease in current liabilities.
The current ratio of the company in 2012 was 2.82. 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 1.56. 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 13.332.291 euro, which is in agreement with 37 % of the total assets of the company.
The working capital remained unchanged compared to previous year. The ratio with respect to the total assets of the company has however, increased.
The unchanged capital can be explained by an increase in current assets and a decrease in current liabilities.
The current ratio of the company in 2011 was 2.24. 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. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.
Financial
statement
Last annual account 2012
Remark annual account The company is
obliged to file its financial statements.
Type of annual account Corporate
Annual account Schmolz
+ Bickenbach B.V.
Gildenweg 21
3334KC Zwijndrecht
Netherlands
Registration
number: 230428550000
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 |
7.346.128 |
7.657.470 |
7.884.810 |
8.392.143 |
8.764.523 |
|
Financial fixed assets |
4.031.967 |
4.248.791 |
4.123.761 |
109.934 |
224.610 |
|
Fixed assets |
11.378.095 |
11.906.261 |
12.008.571 |
8.502.077 |
8.989.133 |
|
|
|||||
|
Total stock |
9.288.950 |
13.285.470 |
15.297.728 |
12.279.712 |
17.681.145 |
|
Accounts receivable |
7.412.711 |
9.681.793 |
9.055.791 |
6.406.309 |
8.317.697 |
|
Other receivables |
3.763.697 |
593.258 |
741.781 |
703.382 |
1.898.578 |
|
Total receivables |
11.176.408 |
10.275.051 |
9.797.572 |
7.109.691 |
10.216.275 |
|
Liquid funds |
367.272 |
518.291 |
639.939 |
5.423.139 |
38.633 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Current assets |
20.832.630 |
24.078.812 |
25.735.239 |
24.812.542 |
27.936.053 |
|
Total assets |
32.210.725 |
35.985.073 |
37.743.810 |
33.314.619 |
36.925.186 |
|
|
|||||
|
Issued capital |
22.689 |
22.689 |
22.689 |
22.689 |
22.689 |
|
Share premium reserve |
17.250.000 |
17.250.000 |
17.250.000 |
17.250.000 |
17.250.000 |
|
Other reserves |
6.853.752 |
6.376.954 |
7.055.403 |
6.257.476 |
7.389.362 |
|
Total reserves |
24.103.752 |
23.626.954 |
24.305.403 |
23.507.476 |
24.639.362 |
|
Total equity |
24.126.441 |
23.649.643 |
24.328.092 |
23.530.165 |
24.662.051 |
|
|
|||||
|
Provisions |
699.330 |
1.588.909 |
1.092.419 |
796.691 |
871.823 |
|
Long term interest yielding debt |
|
|
|
3.360.000 |
3.960.000 |
|
Long term liabilities |
|
3.360.000 |
3.960.000 |
||
|
Accounts payable |
3.656.006 |
4.891.135 |
3.865.251 |
2.635.379 |
1.964.586 |
|
Other short term liabilities |
3.728.948 |
5.855.386 |
8.458.048 |
2.992.384 |
5.466.726 |
|
Short term liabilities |
7.384.954 |
10.746.521 |
12.323.299 |
5.627.763 |
7.431.312 |
|
Total short and long term
liabilities |
8.084.284 |
12.335.430 |
13.415.718 |
9.784.454 |
12.263.135 |
|
Total liabilities |
32.210.725 |
35.985.073 |
37.743.810 |
33.314.619 |
36.925.186 |
Summary The total assets of
the company decreased with -10.49 % between 2011 and 2012.
This total assets decrease has
been reflected in a reduction of non current assets of -4.44 %.
The asset reduction is in contrast with the equity growth of 2.02 %. Due
to this the total debt decreased with -34.46 %.
In 2012 the assets of the company were 35.32 % composed of fixed assets
and 64.68 % by current assets. The assets are being financed by an equity of
74.9 %, and total debt of 25.1 %.
The total assets of the company decreased with -4.66 % between 2010 and
2011.
The total assets are entirely composed of current assets.
Assets reduction is explained by a Net Worth decrease of -2.79 %, and an
indebtedness
reduction of -8.05 %.
In 2011 the assets of the company were 33.09 % composed of fixed assets
and 66.91 % by current assets. The assets are being financed by an equity of
65.72 %, and total debt of 34.28 %.
Profit
and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
66.108.878 |
74.507.188 |
56.265.729 |
40.800.864 |
65.902.305 |
|
Net turnover |
66.108.878 |
74.507.188 |
56.265.729 |
40.800.864 |
65.902.305 |
|
|
|||||
|
Gross margin |
6.950.692 |
8.363.817 |
|
||
|
|
|||||
|
Wages and salaries |
3.406.134 |
4.483.526 |
|
|
|
|
Amorization and depreciation |
598.508 |
632.937 |
|
|
|
|
Sales |
59.158.186 |
66.143.371 |
|
|
|
|
other operating costs |
2.464.699 |
2.605.560 |
|
|
513.815 |
|
Operating expenses |
65.627.527 |
73.865.394 |
54.310.619 |
42.136.214 |
66.729.994 |
|
Operating result |
481.351 |
641.794 |
1.955.110 |
-1.335.350 |
-827.689 |
|
|
|||||
|
Financial income |
2.317 |
75 |
21.746 |
133.697 |
1.764 |
|
Financial expenses |
88.341 |
1.003.581 |
608.049 |
256.883 |
548.880 |
|
Financial result |
-86.024 |
-1.003.506 |
-586.303 |
-123.186 |
-547.116 |
|
Result on ordinary operations
before taxes |
395.327 |
-361.712 |
1.368.807 |
-1.458.536 |
-1.374.805 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
104.377 |
-77.776 |
341.174 |
-369.343 |
-367.557 |
|
Result of ordinary activities after
taxes |
290.950 |
-283.936 |
1.027.633 |
-1.089.193 |
-1.007.248 |
|
|
|||||
|
Extraordinary expense |
|
394.513 |
229.706 |
|
|
|
Extraordinary result after taxation |
|
-394.513 |
-229.706 |
|
|
|
Net result |
290.950 |
-678.449 |
797.927 |
-1.089.193 |
-1.007.248 |
Summary The turnover of
the company decreased by -11.27 % between 2011 and 2012.
The gross profit of the company
decreased by -16.9 % between 2011 and 2012.
The operating result of the company declined
with -25 % between 2011 and 2012. This
evolution implies an decrease of the
company's economic profitability.
The result of these changes is an increase
of the company's Economic Profitability of 221.78 % of the analysed period,
being equal to 2011 % in the year 2012.
Despite the growth the asset turnover
remained the same at 2.05.
The Net Result of the company decreased by
142.88 % 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
207.19 % of the analysed period, being 1.64 % in the year 2012.
The company's financial structure has slowed
down its financial profitability.
The turnover of the company grew with 32.42
% between 2010 and 2011.
The operating result of the company declined
with -67.17 % 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 -127.82 % of the analysed period,
being equal to 2010 % in the year 2011.
Despite the decline the assets turnover
increased by 38.93 % reaching 2.07.
The Net Result of the company increased by
-185.03 % between 2010 and 2011.
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
-127.18 % of the analysed period, being -1.53 % 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 Zuid-Holland
Oost
In the Netherlands 109662 of the
companies are registered with the SBI code 46
In the region Zuid-Holland
Oost 4943 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 Zuid-Holland
Oost 86 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 Zuid-Holland Oost is normal
Publications
Filings 20-09-2013:
De jaarrekening over 2012 is gepubliceerd.
29-01-2013: De jaarrekening
over 2011 is gepubliceerd.
09-02-2012: De jaarrekening
over 2010 is gepubliceerd.
22-07-2010: De jaarrekening
over 2009 is gepubliceerd.
17-12-2009:
De jaarrekening over 2008 is gepubliceerd.
Functions 19-12-2013:
Per 12-12-2013 is bestuurder Michael Storm uit functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.