MIRA INFORM REPORT
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Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
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Correct Name : |
CASTOR INTERNATIONAL B.V. |
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Registered Office : |
Voltstraat 5, 5753RL Deurne |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
28.09.1998 |
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Com. Reg. No.: |
17108188 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in Sourcing, Marketing and Sale of Castor Oil and derivatives. |
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No. of Employees |
01 (2011) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but Correct |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Netherlands |
A1 |
A1 |
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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.
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Source : CIA |
Company summary
Company Name Castor International B.V.
Operative address Voltstraat
5
5753RL Deurne
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
17108188
VAT-number 807304657
|
Fixed assets |
193.493 |
68,40 |
114.902 |
-7,54 |
124.269 |
|
Total receivables |
1.718.663 |
-35,32 |
2.657.260 |
23,24 |
2.156.111 |
|
Total equity |
3.318.115 |
18,56 |
2.798.678 |
11,40 |
2.512.178 |
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Short term liabilities |
1.622.482 |
-20,48 |
2.040.402 |
-4,77 |
2.142.655 |
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Net result |
519.437 |
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Working capital |
3.465.371 |
28,62 |
2.694.328 |
11,77 |
2.410.700 |
Contact information
Contact information
Company name Castor
International B.V.
Trade names Castor
International
Winter-time
Winter-time.nl
Castor International B.V.
Driessen International
Easychemicals
Easychem
Operative address Voltstraat
5
5753RL Deurne
Netherlands
Correspondence address Postbus 96
5750AB Deurne
Netherlands
Telephone number 0493750600
Fax number 0493750609
Email address info@driessen-group.com
Website www.castor-international.nl | www.castorinternational.nl | www.winter-time.nl
Registration
Registration number KvK-nummer:
17108188
Branch number 000016576152
VAT-number 807304657
Status Active
First registration
company register 1998-12-22
Memorandum 1998-12-11
Establishment date 1998-09-28
Legal form Besloten
Vennootschap (Private Company)
Last proposed
admendment 2012-02-07
Activities
Engaged in Sourcing, Marketing and Sale of Castor Oil and derivatives.
Exporter No
Importer No
Relations
Shareholders
Driessen Beheer B.V.
Voltstraat 5
5753RL DEURNE
Netherlands
Registration number: 170133770000
Percentage: 100%
Companies on same address Amount:
19
Management
Active management
Driessen Beheer B.V.
Voltstraat 5
5753RL DEURNE
Netherlands
Registration number: 170133770000
Competence: Fully authorized
Function: Manager
Starting date: 2001-08-01
Employees
Total according to the Chamber of Commerce 0
Year 2014
2011 2010 2009 2008
Total 0
1 1 0
1
Payments
Description Payments
are made regularly with some delay
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
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Quick ratio |
1,11 |
1,36 |
1,01 |
0,91 |
1,06 |
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Current ratio |
3,14 |
2,32 |
2,13 |
1,94 |
2,28 |
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Working capital/ balance
total |
0,66 |
0,56 |
0,52 |
0,47 |
0,52 |
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Equity / balance total |
0,63 |
0,58 |
0,54 |
0,49 |
0,59 |
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Equity / Fixed assets |
17,15 |
24,36 |
20,22 |
15,40 |
8,16 |
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Equity / liabilities |
1,69 |
1,36 1,16 0,97 1,46 |
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Balance total / liabilities |
2,69 |
2,36 2,16 1,97 2,46 |
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Working capital |
3.465.371 |
2.694.328 2.410.700 1.953.502 1.369.550 |
|||||
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Equity |
3.318.115 |
2.798.678 2.512.178 2.057.655 1.560.750 |
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Mutation equity |
18,56 |
11,40 22,09 31,84 5,12 |
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Mutation short term
liabilities |
-20,48 |
-4,77 2,84 94,45 63,51 |
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Return on total assets (ROA) |
3,73 |
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Return on equity (ROE) |
5,94 |
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Gross margin |
1.450.239 |
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Operating result |
256.912 |
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Net result after taxes |
519.437 |
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Cashflow |
536.554 |
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EBIT |
256.912 |
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EBITDA |
274.029 |
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Summary
The 2013 financial result structure is a positive working
capital of 3.465.371 euro, which is in
agreement with 66 % of the total assets of the company.
The working capital has increased with 28.62 % 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 an increase of the
current assets.
The current ratio of the company in 2013 was 3.14. If the
current ratio exceeds 3.0, the
company may not be using its current assets or its
short-term financing facilities efficiently .
The quick ratio in 2013 of the company was 1.11. A company
with a Quick Ratio of more than
1 can currently pay back its current liabilities.
The 2012 financial result structure is a positive working
capital of 2.694.328 euro, which is in
agreement with 56 % of the total assets of the company.
The working capital has increased with 11.77 % 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 2.32. 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 1.36. 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 Castor
International B.V.
Voltstraat
5
5753RL Deurne
Netherlands
Registration number: 171081880000
Balance Sheet
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
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End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
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Intangible fixed assets |
147.250 |
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|
|
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Tangible fixed assets |
6.243 |
15.610 |
24.977 |
34.344 |
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Financial fixed assets |
40.000 |
99.292 |
99.292 |
99.292 |
191.200 |
|
Fixed assets |
193.493 |
114.902 |
124.269 |
133.636 |
191.200 |
|
Total stock |
3.279.846 |
1.961.377 |
2.396.346 |
2.145.903 |
1.303.562 |
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Total receivables |
1.718.663 |
2.657.260 |
2.156.111 |
1.721.052 |
1.083.491 |
|
Liquid funds |
89.344 |
116.093 |
898 |
170.125 |
54.030 |
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Current assets |
5.087.853 |
4.734.730 |
4.553.355 |
4.037.080 |
2.441.083 |
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Total assets |
5.281.346 |
4.849.632 |
4.677.624 |
4.170.716 |
2.632.283 |
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Issued capital |
|
18.151 |
18.151 |
18.151 |
18.151 |
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Other reserves |
3.318.115 |
2.780.527 |
2.494.027 |
2.039.504 |
1.542.599 |
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Total reserves |
3.318.115 |
2.780.527 |
2.494.027 |
2.039.504 |
1.542.599 |
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Total equity |
3.318.115 |
2.798.678 |
2.512.178 |
2.057.655 |
1.560.750 |
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Provisions |
1.249 |
3.122 |
4.995 |
2.186 |
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Long term interest yielding
debt |
339.500 |
7.430 |
17.796 |
27.297 |
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Long term liabilities |
339.500 |
7.430 |
17.796 |
27.297 |
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Short term liabilities |
1.622.482 |
2.040.402 |
2.142.655 |
2.083.578 |
1.071.533 |
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Total short and long term liabilities |
1.963.231 |
2.050.954 |
2.165.446 |
2.113.061 |
1.071.533 |
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Total liabilities |
5.281.346 |
4.849.632 |
4.677.624 |
4.170.716 |
2.632.283 |
Summary
The total assets of the company increased with 8.9 %
between 2012 and 2013.
The total asset increase is retrievable in the fixed asset
growth of 68.4 %.
The assets growth has been financed by a Net Worth
increase of 18.56 %. The company's
net increase has also covered a reduction of -4.28 % of
the company's indebtedness.
In 2013 the assets of the company were 3.66 % composed of
fixed assets and 96.34 % by
current assets. The assets are being financed by an equity
of 62.83 %, and total debt of
37.17 %.
The total assets of the company increased with 3.68 %
between 2011 and 2012.
Despite the assets growth, the non current assets
decreased with -7.54 %.
The assets growth has been financed by a Net Worth
increase of 11.4 %. The company's net
increase has also covered a reduction of -5.29 % of the company's
indebtedness.
In 2012 the assets of the company were 2.37 % composed of
fixed assets and 97.63 % by
current assets. The assets are being financed by an equity
of 57.71 %, and total debt of
42.29 %.
Profit & Loss
|
Year |
2013 |
|
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Gross margin |
1.450.239 |
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Wages and salaries |
150.000 |
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Amorization and depreciation |
17.117 |
|
|
other operating costs |
1.026.210 |
|
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Operating expenses |
1.193.327 |
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Operating result |
256.912 |
|
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Financial income |
3.200 |
|
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Financial result |
-59.845 |
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Result on ordinary operations before taxes |
197.067 |
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Taxation on the result of
ordinary activities |
140.007 |
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Result of ordinary activities after taxes |
57.060 |
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Result subsidiaries after
taxes |
462.377 |
|
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Net result |
519.437 |
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Summary
The company's Financial Profitability has been neutrally
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is the unchanged
profitability of the analysed period, remaining unchanged
at 5.94 % in the year 2013.
Analysis
Branch (SBI) Wholesale trade (no motor
vehicles and motorcycles) (46)
Region Zuid-Oost-Brabant
In the Netherlands 109662 of the companies are registered
with the SBI code 46
In the region Zuid-Oost-Brabant 5034 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-Oost-Brabant 97 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-Oost-Brabant is normal
Publications
Filings 11-08-2014: De jaarrekening over 2013
is gepubliceerd.
17-06-2013: De jaarrekening over 2012 is gepubliceerd.
18-05-2012: De jaarrekening over 2011 is gepubliceerd.
18-07-2011: De jaarrekening over 2010 is gepubliceerd.
20-08-2010: De jaarrekening over 2009 is gepubliceerd.
Amendments 14-02-2012: Geplaatst kapitaal
gewijzigd in EUR 18.000,00 Gestort kapitaal gewijzigd in EUR
18.000,00.
14-02-2012: Per 7-2-2012 statuten gewijzigd. Per 7-2-2012
naam gewijzigd in: Castor
International B.V..
Company structure
Relations 12
3 D Beheer B.V.
Voltstraat 5/B
5753RL DEURNE
Netherlands
Registration number: 171294440000
3 SN B.V.
Merellaan 22
5613AL EINDHOVEN
Netherlands
Registration number: 171715900000
Driessen Beheer B.V.
Voltstraat 5
5753RL DEURNE
Netherlands
Registration number: 170133770000
Castor International B.V.
Voltstraat 5
5753RL Deurne
Netherlands
Registration number: 171081880000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
UK Pound |
1 |
Rs.97.69 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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 |
----- |
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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.