MIRA INFORM REPORT
|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOOPMAN INTERNATIONAL B.V. |
|
|
|
|
Registered Office : |
Distelweg 88, 1031HH Amsterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.02.1990 |
|
|
|
|
Com. Reg. No.: |
33217959 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of other non-food consumer goods |
|
|
|
|
No of Employees : |
45 |
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 KOOPMAN
INTERNATIONAL B.V.
Operative address Distelweg 88
1031HH Amsterdam
Netherlands
Legal form Private Company
Registration number KvK-nummer:
33217959
VAT-number 007889550
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
78.997.837 |
-4,76 |
82.946.279 |
5,70 |
78.476.000 |
|
Total receivables |
57.404.993 |
-1,46 |
58.258.019 |
-0,26 |
58.410.000 |
|
Total equity |
178.249.705 |
12,39 |
158.604.508 |
11,20 |
142.628.000 |
|
Short term liabilities |
33.075.758 |
-31,22 |
48.086.644 |
5,75 |
45.472.000 |
|
Net result |
27.754.728 |
-1,38 |
28.142.893 |
42,71 |
19.721.000 |
|
Working capital |
113.132.870 |
23,10 |
91.900.677 |
16,06 |
79.181.000 |
|
Quick ratio |
2,01 |
66,12 |
1,21 |
-5,47 |
1,28 |
Contact
information
Company name Koopman
International B.V.
Trade names Koopman
International B.V.
E. Koopman
Import/Export
Self Import
Agencies Europe
Koopman Promotion International
Free & Easy
Gift Toy
Tender Toys
Algemene Agenturen
Maatschappij
AM/63
Operative address Distelweg 88
1031HH Amsterdam
Netherlands
Correspondence address Distelweg 88
1031HH Amsterdam
Netherlands
Telephone number 020 4947777
Fax number 020 4947736
Email address info@koopman.nl
Website www.koopmanint.com
Registration
Registration number KvK-nummer:
33217959
Branch number 000001335200
VAT-number 007889550
Status Active
First registration company register 1990-02-27
Memorandum 1990-02-12
Establishment date 1990-02-12
Legal form Private Company
Last proposed admendment 2011-12-30
Activities
SBI Wholesale of other
non-food consumer goods n.e.c. (46499)
Exporter No
Importer No
Goal De im- en export,
groothandel en agentuur van en in galaterieën, papierwaren, speelgoederen,
staal- en lederwaren, huishoudelijke artikelen, byouterieën, feestartikelen,
toiletartikelen, textielkleinwaren en luxe artikelen. Holding- en financieringsmaatschappij.
Relations
Branches Koopman
International B.V.
Ecu 6
8305BA EMMELOORD
Netherlands
Registration
number: 332179590002
Companies on same address Amount: 12
Liability statements Dajesh
B.V.
Distelweg 88
1031HH AMSTERDAM
Netherlands
Registration
number: 360513820000
Date of issue:
2000-09-11
Starting date:
1996-01-01
Management
Active management
J.H. Koopman (Jack Harry)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1990-02-12
Date of birth: 1946-01-01, Amsterdam, NL
Involved with the following companies
• Alpha Impex B.V.
Oude Blaauwweg 1A
1521RN Wormerveer
Netherlands
Registration number: 350196890000
Function: Manager
R. Dijkstra (Robert)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1996-01-01
Date of birth: 1948-09-14, Amsterdam, NL
Involved with the following companies
• Alpha Impex B.V.
Oude Blaauwweg 1A
1521RN Wormerveer
Netherlands
Registration number: 350196890000
Function: Manager
H.A. Schäffers (Hendrik Arnold)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2001-09-19
Date of birth: 1951-08-01, 's-Gravenhage, NL
Involved with the following companies
• Alpha Impex B.V.
Oude Blaauwweg 1A
1521RN Wormerveer
Netherlands
Registration number: 350196890000
Function: Manager
M.P.G. Stamkot (Michel Petrus Gerardus)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2009-01-01
Date of birth: 1966-10-13, Monnickendam, NL
Involved with the following companies
• Alpha Impex B.V.
Oude Blaauwweg 1A
1521RN Wormerveer
Netherlands
Registration number: 350196890000
Function: Manager
B. Kleerekoper (Benjamin)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1994-11-08
Date of birth: 1947-03-27, Amsterdam, NL
M. Boudhane (Mohamed)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-01-01
Date of birth: 1986-05-05, Amsterdam, NL
Employees
|
|||||
|
Total according to the Chamber of
Commerce |
45 |
|
|
|
|
|
Year |
|
2014 |
2013 |
2007 |
1995 |
|
Total |
|
45 |
15 |
15 |
15 |
Payments
Description Payments made
under regular condition
Key figures
|
|||||
|
|
|||||
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
2,01 |
1,21 |
1,28 |
1,87 |
1,92 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Current ratio |
4,42 |
2,91 |
2,74 |
4,05 |
3,94 |
|
|
|||||
|
Working capital/ balance total |
0,50 |
0,41 |
0,39 |
0,48 |
0,54 |
|
Equity / balance total |
0,79 |
0,71 |
0,70 |
0,78 |
0,76 |
|
Equity / Fixed assets |
2,26 |
1,91 |
1,82 |
2,11 |
2,70 |
|
Equity / liabilities |
3,84 |
2,48 |
2,64 |
3,53 |
3,18 |
|
Balance total / liabilities |
4,85 |
3,49 |
3,76 |
4,54 |
4,19 |
|
|
|||||
|
Working capital |
113.132.870 |
91.900.677 |
79.181.000 |
84.070.266 |
91.753.680 |
|
Equity |
178.249.705 |
158.604.508 |
142.628.000 |
137.814.386 |
130.194.109 |
|
Mutation equity |
12,39 |
11,20 |
3,49 |
5,85 |
16,33 |
|
Mutation short term liabilities |
-31,22 |
5,75 |
64,74 |
-11,53 |
14,76 |
|
|
|||||
|
Return on total assets (ROA) |
15,68 |
16,44 |
12,61 |
15,90 |
14,50 |
|
Return on equity (ROE) |
19,82 |
23,11 |
17,96 |
20,41 |
19,05 |
|
Gross profit margin |
10,61 |
11,51 |
9,18 |
11,20 |
10,17 |
|
Net profit margin |
8,25 |
8,73 |
6,85 |
8,80 |
7,49 |
|
|
|||||
|
Average collection ratio |
10,17 |
6,70 |
6,33 |
9,38 |
7,96 |
|
Average payment ratio |
5,86 |
5,53 |
4,93 |
5,37 |
5,22 |
|
Equity turnover ratio |
1,89 |
2,03 |
2,02 |
1,88 |
1,91 |
|
Total assets turnover ratio |
1,49 |
1,45 |
1,42 |
1,46 |
1,45 |
|
Fixed assets turnover ratio |
4,26 |
3,88 |
3,67 |
3,97 |
5,16 |
|
Inventory conversion ratio |
4,22 |
3,94 |
4,34 |
4,31 |
3,95 |
|
|
|||||
|
Turnover |
336.359.778 |
322.204.528 |
287.733.000 |
258.832.703 |
248.402.652 |
|
Gross margin |
106.942.865 |
105.087.866 |
|
80.609.764 |
79.166.234 |
|
Operating result |
35.675.388 |
37.095.913 |
26.416.000 |
28.985.241 |
25.261.624 |
|
Net result after taxes |
27.754.728 |
28.142.893 |
19.721.000 |
22.768.877 |
18.594.675 |
|
|
|||||
|
Cashflow |
35.678.403 |
36.157.767 |
25.643.000 |
27.693.888 |
23.834.300 |
|
Gross profit |
|
|
287.733.000 |
|
|
|
EBIT |
35.675.388 |
37.095.913 |
26.416.000 |
28.985.241 |
25.261.624 |
|
EBITDA |
43.599.063 |
45.110.787 |
32.338.000 |
33.910.252 |
30.501.249 |
Summary The 2012 financial
result structure is a postive working captial of 113.132.870 euro, which is in
agreement with 50 % of the total assets of the company.
The working capital has increased with 23.1 % 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 4.42. If the current ratio
exeeds 3.0, the
company may not be using its current assets or its short-term financing
facilities efficiently .
The quick ratio in 2012 of the company was 2.01. 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
91.900.677 euro, which is in agreement with 41 % of the total assets of the
company.
The working capital has increased with 16.06 % 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 2.91. 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 1.21. 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 financial
statements shown in the report relate to the consolidated financial statements
of the group.
Type of annual account Consolidated
Annual account Dajesh
B.V.
Distelweg 88
1031HH AMSTERDAM
Netherlands
Registration
number: 360513820000
Balance
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Intangible fixed assets |
433.631 |
765.356 |
324.000 |
509.581 |
567.449 |
|
Other tangible fixed assets |
|
|
78.152.000 |
|
|
|
Tangible fixed assets |
78.564.206 |
82.180.923 |
78.152.000 |
64.767.956 |
47.575.886 |
|
Fixed assets |
78.997.837 |
82.946.279 |
78.476.000 |
65.277.537 |
48.143.335 |
|
|
|||||
|
Other stock |
|
|
66.243.000 |
|
|
|
Total stock |
79.695.195 |
81.729.302 |
66.243.000 |
60.068.408 |
62.919.623 |
|
Accounts receivable |
53.200.227 |
50.775.880 |
42.322.000 |
37.517.274 |
38.864.730 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Other receivables |
4.204.766 |
7.482.139 |
16.088.000 |
10.687.129 |
8.733.837 |
|
Total receivables |
57.404.993 |
58.258.019 |
58.410.000 |
48.204.403 |
47.598.567 |
|
Liquid funds |
9.108.440 |
|
|
3.400.225 |
12.436.726 |
|
accruals |
|
|
16.088.000 |
|
|
|
Current assets |
146.208.628 |
139.987.321 |
124.653.000 |
111.673.036 |
122.954.916 |
|
Total assets |
225.206.465 |
222.933.600 |
203.129.000 |
176.950.573 |
171.098.251 |
|
|
|||||
|
Other reserves |
|
|
142.628.000 |
|
|
|
Total reserves |
|
|
142.628.000 |
|
|
|
Minority interests |
499.378 |
406.020 |
225.000 |
133.810 |
21.791 |
|
Total equity |
178.249.705 |
158.604.508 |
142.628.000 |
137.814.386 |
130.194.109 |
|
|
|||||
|
Provisions |
6.488.819 |
7.351.780 |
6.299.000 |
4.053.184 |
3.624.349 |
|
Long term interest yielding debt |
6.892.805 |
8.484.648 |
|
7.346.423 |
6.056.766 |
|
Other long term liabilities |
|
|
8.503.000 |
|
|
|
Long term liabilities |
6.892.805 |
8.484.648 |
8.503.000 |
7.346.423 |
6.056.766 |
|
Accounts payable |
13.663.899 |
16.028.312 |
14.400.000 |
11.292.346 |
15.192.027 |
|
Other short term liabilities |
19.411.859 |
32.058.332 |
31.072.000 |
16.310.424 |
16.009.209 |
|
Short term liabilities |
33.075.758 |
48.086.644 |
45.472.000 |
27.602.770 |
31.201.236 |
|
Total short and long term
liabilities |
46.457.382 |
63.923.072 |
53.975.000 |
39.002.377 |
40.882.351 |
|
Total liabilities |
225.206.465 |
222.933.600 |
203.129.000 |
176.950.573 |
171.098.251 |
Summary The total assets
of the company increased with 1.02 % between 2011 and 2012.
Despite the assets growth, the non current assets decreased with -4.76
%.
The assets growth has been financed by a Net Worth increase of 12.39 %.
The company's net increase has also covered a reduction of -27.32 % of the
company's indebtedness.
In 2012 the assets of the company were 35.08 % composed of fixed assets
and 64.92 % by current assets. The assets are being financed by an equity of
79.15 %, and total debt of 20.85 %.
The total assets of the company increased with 9.75 % between 2010 and
2011.
The fixed asset growth of 5.7 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 18.43 %.
The Net Worth, however, grew with 11.2 %.
In 2011 the assets of the company were 37.21 % composed of fixed assets
and 62.79 % by current assets. The assets are being financed by an equity of
71.14 %, and total debt of 28.86 %.
Profit
and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
336.359.778 |
322.204.528 |
287.733.000 |
258.832.703 |
248.402.652 |
|
Net turnover |
336.359.778 |
322.204.528 |
287.733.000 |
258.832.703 |
248.402.652 |
|
|
|||||
|
Gross margin |
106.942.865 |
105.087.866 |
|
80.609.764 |
79.166.234 |
|
|
|||||
|
Wages and salaries |
40.820.736 |
38.891.967 |
35.585.000 |
30.542.040 |
31.576.485 |
|
Amorization and depreciation |
7.923.675 |
8.014.874 |
5.922.000 |
4.925.011 |
5.239.625 |
|
Sales |
229.416.913 |
217.116.662 |
|
178.222.939 |
169.236.418 |
|
other operating costs |
22.523.066 |
21.085.112 |
18.865.000 |
16.157.472 |
17.088.500 |
|
Raw materials and consumables |
|
|
200.945.000 |
|
|
|
Operating expenses |
300.684.390 |
285.108.615 |
261.317.000 |
229.847.462 |
223.141.028 |
|
Operating result |
35.675.388 |
37.095.913 |
26.416.000 |
28.985.241 |
25.261.624 |
|
|
|||||
|
Financial expenses |
353.384 |
445.668 |
803.000 |
850.857 |
459.490 |
|
Financial result |
-353.384 |
-445.668 |
-803.000 |
-850.857 |
-459.490 |
|
Result on ordinary operations
before taxes |
35.322.004 |
36.650.245 |
25.613.000 |
28.134.384 |
24.802.134 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
7.473.918 |
8.326.511 |
5.791.000 |
5.387.566 |
6.183.695 |
|
Result of ordinary activities after
taxes |
27.848.086 |
28.323.734 |
19.821.000 |
22.746.818 |
18.618.439 |
|
|
|||||
|
Net result |
27.754.728 |
28.142.893 |
19.721.000 |
22.768.877 |
18.594.675 |
|
|
|||||
|
Attributable to third parties |
93.358 |
180.841 |
-101.000 |
-22.059 |
23.764 |
Summary The turnover of
the company grew with 4.39 % between 2011 and 2012.
The gross profit of the company grew with 1.77 % between 2011 and 2012.
The operating result of the company declined with -3.83 % 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 -4.62 % of the analysed period, being equal to 2011 % in the
year 2012.
Despite the decline the assets turnover increased by 2.76 % reaching
1.49.
The Net Result of the company increased by -1.38 % 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 -14.24 % of the analysed
period, being 19.82 % in the year 2012.
The company's financial profitability has been positively affected by
its financial structure.
The turnover of the company grew with 11.98 % between 2010 and 2011.
The operating result of the company grew with 40.43 % between 2010 and
2011. This evolution implies an increase of the company's economic
profitability.
The result of these changes is an increase of the company's Economic
Profitability of 30.37 % of the analysed period, being equal to 2010 % in the
year 2011.
This growth has contributed to the increase in assets turnover,
increasing by 2.11 % reaching 1.45.
The Net Result of the company decreased by 42.71 % 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 28.67 % of the analysed
period, being 23.11 % in the year 2011.
The company's financial structure has slowed down its financial
profitability.
Analysis
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Groot Amsterdam
In the Netherlands
109662 of the companies are registered with the SBI code 46
In the region Groot Amsterdam 10512 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 Groot
Amsterdam 209 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 Groot Amsterdam is normal
Publications
Consent statements 14-12-2012: Voor
boekjaar 2010 is een instemmingsverklaring gedeponeerd.
14-12-2012: Voor
boekjaar 2011 is een instemmingsverklaring gedeponeerd.
Functions 08-01-2014: Per
01-01-2014 is gevolmachtigde Mohamed Boudhane in functie getreden.
Amendments 30-04-2013: Geplaatst
kapitaal gewijzigd in EUR 23.596,58 Gestort kapitaal gewijzigd in EUR
23.596,58.
30-04-2013: Per
30-12-2011 statuten gewijzigd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.