MIRA INFORM REPORT

 

 

Report Date :

13.10.2014

 

IDENTIFICATION DETAILS

 

Name :

G. BAKKER D. JZN. V.O.F.

 

 

Registered Office :

Ambachtstraat 4, 2751GP Moerkapelle

 

 

Country :

Netherlands

 

 

Date of Incorporation :

01.08.1953

 

 

Com. Reg. No.:

29009539

 

 

Legal Form :

Partnership Firm

 

 

Line of Business :
  • Growing of cereals, leguminous crops and oil seeds
  • Wholesale of arable farming products and cattle feeds

 

 

No of Employees :

Not Available

 

 

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 – 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                        G. BAKKER D. JZN. V.O.F.

Operative address                    Ambachtstraat 4

2751GP Moerkapelle

Netherlands

Legal form                               Partnership Firm

Registration number                KvK-nummer: 29009539

VAT-number                             813793853

 

 

Contact information

 

Company name                        G. Bakker D. Jzn. V.O.F.

Trade names                            G. Bakker D. Jzn.

Operative address                    Ambachtstraat 4

2751GP Moerkapelle

Netherlands

Correspondence address         Postbus 19

2750AA Moerkapelle

Netherlands

Telephone number                   0795931347

Fax number                              0795932650

Mobile number                         06 53112076

Email address                          mail2us@gbakkerdjzn.nl

Website                                    www.gbakkerdjzn.nl

 

 

Registration

 

Registration number                KvK-nummer: 29009539

Registered in                            Kamer van Koophandel Rotterdam

Branch number                        000019532555

VAT-number                             813793853

Status                                      Active

Establishment date                  1953-08-01

Legal form                               Partnership Firm

Legal person since                   2004-11-22

 

 

Activities

 

SBI                                           Growing of cereals, leguminous crops and oil seeds (0111)

Wholesale of arable farming products and cattle feeds (46218)

Exporter                                   Yes

Importer                                   Yes

Goal                                         Handel in granen, zaden, peulvruchten, spece- rijen, koffie, cacao en grondnoten, schonerij en drogerij.

 

 

Relations

 

Companies on same address   G. Bakker D. Jzn.

Registration number: 522034840000

 

 

Bank details

 

Accounts                                  ING Bank NV

Account number: 66.67.13.278

 

 

Management

 

Active management                  G.J. Bakker B.V.

Rottekade 35

2661JN BERGSCHENHOEK

Netherlands

Registration number: 243695400000

Competence: Limited authorization

Function: Partner

Starting date: 2004-11-22

R. Bakker B.V.

Cypruslaan 9

3059XA ROTTERDAM

Netherlands

Registration number: 513985400000

Competence: Limited authorization

Function: Partner

Starting date: 2010-11-30

 

 

Payments

 

Description                              Payments made under regular condition

 

 

Key figures

 

Year                                                                 2012

Turnover                                                           2.000.000

 

 

Financial statement

 

Last annual account                                         2012

Remark annual account                                    This company is not obliged to file its financial statements

Type of annual account                                    Corporate

Annual account                                                G. Bakker D. Jzn. V.O.F.

Ambachtstraat 4

2751GP Moerkapelle

Netherlands

Registration number: 290095390000

 

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.16

UK Pound

1

Rs.98.62

Euro

1

Rs.77.67   

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.