MIRA INFORM REPORT
|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
BENZLER-TECHNISCH BURO AANDRIJFTECHNIEK B.V. |
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|
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Registered Office : |
Jachthavenweg 2 5928NT Venlo |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
14.07.1983 |
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Com. Reg. No.: |
12021081 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale of electronic and communication equipment
and related parts (4652) |
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No. of Employees : |
16 |
RATING & COMMENTS
|
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 |
|
Status : |
Satisfactory |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
BENZLER-TECHNISCH BURO AANDRIJFTECHNIEK B.V. |
|
Operative
address |
Jachthavenweg 2 |
|
|
5928NT Venlo |
|
|
Netherlands |
|
Risk |
Average risk |
|
Status |
Active |
Legal form Private Company
Registration number: 12021081
VAT-number 06495771
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|
Fixed
assets |
176.730 |
|
-9,98 |
196.330 |
|
5,67 |
185.790 |
|
Total
receivables |
820.250 |
|
11,27 |
737.171 |
|
-1,51 |
748.501 |
|
|
|||||||
|
Total
equity |
810.959 |
|
1,76 |
796.901 |
|
-29,09 |
1.123.882 |
|
Short term
liabilities |
613.019 |
|
7,61 |
569.645 |
|
8,30 |
525.964 |
|
|
|||||||
|
Working
capital |
634.229 |
|
5,60 |
600.571 |
|
-35,98 |
938.092 |
|
Quick ratio |
1,53 |
% |
-2,55 |
1,57 |
|
-25,59 |
2,11 |
Contact
information
Company name BENZLER-TECHNISCH
BURO AANDRIJFTECHNIEK B.V.
Trade names Benzler-Technisch Buro Aandrijftechniek B.V.
Benzlers
Operative address
Jachthavenweg 2
5928NT Venlo
Netherlands
Correspondence address Postbus 3303
5902RH Venlo
Netherlands
Telephone number 0773245900
Fax number 0773245901
Email address mail@benzlers.com
Website www.benzlers.com
Activities
SBI Wholesale of electronic and communication equipment and related parts
(4652)
Exporter No
Importer No
Goal Het fabriceren van, assembleren en de groot- handel in mechanische en
elektronische aandrijfcomponenten en systemen
Relations
Shareholders Name: AB Benzler
Visiting address: Landskronavagen
1, 25232 Helsingborg,
Sweden
Registered in: Companies Registration Office Sundsvall,
Sweden in number
556043-6007
Sole shareholder since: 30-06-1994
Management
Active management M.A. Cooper (Mark Ashley)
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date:
2007-10-01
Date of birth:
1961-03-15, Huddersfield, GB
P.C. Amin
(Prashant Chandrakant)
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date:
2010-11-26
Date of birth:
1956-08-09, Tatanagar, NL
R.H. Nidsjo (Rolf
Hakan)
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date:
2010-11-26
Date of birth:
1952-03-29, Malmo, SE
H.J.V.M. van
Meijel (Henricus Johannes Vincentius M)
Netherlands
Competence:
Limited authorization
Function: Proxy
Starting date:
2005-04-19
Date of birth:
1962-01-20, Venray, NL
Active management
L.L.V. Johansson
(Leif Lennart Veine)
Netherlands
Competence: Fully
authorized
Function: Proxy
Starting date:
2009-11-03
Date of birth:
1959-02-27, Vetlanda, SE
Employees
|
Total
according to the Chamber of Commerce |
16 |
|
|
|
|
|
|
Year |
|
2014 |
2012 |
2011 |
2010 |
2009 |
|
Total |
|
16 |
17 |
17 |
16 |
17 |
Payments
|
Description |
Payments
made under regular condition |
|
Benzler-Technisch Buro
Aandrijftechniek B.V. Page: 3 / 7 |
04-11-2014 |
Key
Ratios
|
Year |
2013 |
2012 |
2011 |
2009 |
|||||
|
Quick ratio |
1,53 |
1,57 |
2,11 |
2,82 |
|||||
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Current
ratio |
2,03 |
2,05 |
2,78 |
3,69 |
|||||
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Working
capital/ balance total |
0,45 |
0,44 |
0,57 |
0,65 |
|||||
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Equity /
balance total |
0,57 |
0,58 |
0,68 |
0,76 |
|||||
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Equity /
Fixed assets |
4,59 |
4,06 |
6,05 |
6,76 |
|||||
|
Equity /
liabilities |
1,32 |
1,40 |
2,14 |
3,16 |
|||||
|
Balance total / liabilities |
2,32 |
2,40 |
3,14 |
4,16 |
|||||
|
Working capital |
634.229 |
600.571 |
938.092 |
998.772 |
|||||
|
Equity |
810.959 |
796.901 |
1.123.882 |
1.172.262 |
|
||||
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Mutation
equity |
1,76 |
-29,09 |
|
11,40 |
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||||
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Mutation
short term liabilities |
7,61 |
8,30 |
|
-56,47 |
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||||
Summary The 2013 financial result structure is a postive working captial of 634.229
euro, which is in agreement with 45 % of the total assets of the company.
The working
capital has increased with 5.6 % compared to previous year. The ratio, with
respect to the total assets of the company has however, increased.
The improvement
between 2012 and 2013 has mainly been caused by a current liabilities
reduction.
The current ratio
of the company in 2013 was 2.03. A company with a current ratio between 1.5 and
3.0 generally indicates good short-term financial strength.
The quick ratio in
2013 of the company was 1.53. A company with a Quick Ratio of more than 1 can
currently pay back its current liabilities.
The 2012 financial
result structure is a postive working captial of 600.571 euro, which is in
agreement with 44 % of the total assets of the company.
The working
capital has diminished with -35.98 % compared to previous year. The ratio, with
respect to the total assets of the company has however, declined.
The deterioration
between 2011 and 2012 has mainly been caused by an increase of the current
liabilities.
The current ratio
of the company in 2012 was 2.05. 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 1.57. A company with a Quick Ratio of more than 1 can
currently pay back its current liabilities.
Financial
statement
Last annual account 2013
Remark annual account The company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Benzler-Technisch Buro Aandrijftechniek B.V.
Jachthavenweg 2
5928NT Venlo
Netherlands
Registration number: 120210810000
Balance
|
Year |
2013 |
2012 |
2011 |
2009 |
|
|
End date |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2009-12-31 |
|
|
Tangible
fixed assets |
176.730 |
196.330 |
185.790 |
|
173.490 |
|
Fixed
assets |
176.730 |
196.330 |
185.790 |
|
173.490 |
|
Total stock |
308.569 |
277.957 |
356.441 |
|
324.474 |
|
Total
receivables |
820.250 |
737.171 |
748.501 |
|
542.980 |
|
Liquid
funds |
118.429 |
155.088 |
359.114 |
502.582 |
|
|
Current
assets |
1.247.248 |
1.170.216 |
1.464.056 |
|
1.370.036 |
|
Total assets |
1.423.978 |
1.366.546 |
1.649.846 |
|
1.543.526 |
|
|
|||||
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Issued
capital |
204.300 |
204.300 |
204.300 |
204.300 |
|
|
Other
reserves |
606.659 |
592.601 |
919.582 |
967.962 |
|
|
Total
reserves |
606.659 |
592.601 |
919.582 |
967.962 |
|
|
Total equity |
810.959 |
796.901 |
1.123.882 |
|
1.172.262 |
|
|
|||||
|
Short term
liabilities |
613.019 |
569.645 |
525.964 |
|
371.264 |
|
Total short
and long term liabilities |
613.019 |
569.645 |
525.964 |
|
371.264 |
|
Total
liabilities |
1.423.978 |
1.366.546 |
1.649.846 |
|
1.543.526 |
Summary The total assets of the company increased with 4.2 % between 2012 and
2013.
Despite the assets growth, the non current assets decreased with -9.98 %.
The asset growth has
mainly been financed by a debt increase of 7.61 %. The Net Worth, however, grew
with 1.76 %.
In 2013 the assets
of the company were 12.41 % composed of fixed assets and 87.59 % by
Benzler-Technisch Buro Aandrijftechniek B.V.
current assets.
The assets are being financed by an equity of 56.95 %, and total debt of 43.05
%.
The total assets
of the company decreased with -17.17 % between 2011 and 2012.
Despite the total
assets decrease, non current assets grew with 5.67 %.
The asset
reduction results in an equity decrease of -29.09 %. Despite the decrease, the
indebtness increased with 8.3 %.
In 2012 the assets
of the company were 14.37 % composed of fixed assets and 85.63 % by current assets.
The assets are being financed by an equity of 58.31 %, and total debt of 41.69
%.
Analysis
Branch (SBI) Wholesale trade (no motor vehicles and motorcycles) (46)
Region Limburg
In the Netherlands
109662 of the companies are registered with the SBI code 46
In the region
Limburg 5542 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
Limburg 125 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
Publications
Filings 12-06-2013: De jaarrekening over 2013 (gebroken boekjaar) is
gepubliceerd.
06-07-2012: De jaarrekening over 2012 (gebroken boekjaar) is
gepubliceerd.
27-06-2011: De
jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.
22-03-2010: De
jaarrekening over 2009 is gepubliceerd.
Functions 27-12-2010: Per 26-11-2010 is bestuurder Rolf Hakan Nidsjo in functie
getreden.
27-12-2010: Per 26-11-2010 is bestuurder Prashant Chandrakant Amin in
functie getreden.
Amendments 27-12-2010: Per 24-12-2010 statuten gewijzigd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SDA |
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 |
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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 |
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|
-- |
NB |
New Business |
-- |
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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.