MIRA INFORM REPORT
|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CVB ECOLOGISTICS B.V. |
|
|
|
|
Registered Office : |
Wilhelminapark 37 5041EC Tilburg |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.11.1978 |
|
|
|
|
Com. Reg. No.: |
18026887 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of other used materials and waste materials |
|
|
|
|
No. of Employees |
26 |
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 |
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|
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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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
CVB ECOLOGISTICS B.V. |
|
Operative
address |
Wilhelminapark 37 5041EC
Tilburg Netherlands |
|
Legal form |
Private Company |
|
Registration
number |
18026887 |
|
VAT-number |
006889050 |
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|||
|
Fixed assets |
1.411.356 |
|
-23,01 |
1.833.135 |
|
-10,50 |
2.048.249 |
|||
|
Total receivables |
9.719.742 |
|
-31,18 |
14.124.208 |
|
14,47 |
12.338.782 |
|||
|
|
|
|||||||||
|
Total equity |
4.663.760 |
|
-0,13 |
4.669.663 |
|
-0,28 |
4.682.947 |
|
||
|
Short term liabilities |
6.310.737 |
|
-43,34 |
11.138.267 |
|
13,92 |
9.777.663 |
|
||
|
|
|
|||||||||
|
Net result |
-5.903 |
* |
55,56 |
-13.284 |
|
-101,25 |
1.060.207 |
|||
|
|
|
|||||||||
|
Working capital |
3.415.534 |
|
12,98 |
3.023.208 |
|
9,40 |
2.763.445 |
|||
|
Quick ratio |
1,54 |
|
21,26 |
1,27 |
|
-0,78 |
1,28 |
|||
Contact
information
Company name CVB Ecologistics
B.V.
Trade names CVB Ecologistics
B.V.
Operative address Wilhelminapark 37
5041EC Tilburg
Netherlands
Correspondence address Wilhelminapark 37
5041EC Tilburg
Netherlands
Telephone number 013 4647999
Fax number 013 4647991
Email address info@cvbecologistics.com
Website www.cvbecologistics.com
Registration
Registration number: 18026887
Registered in Kamer
van Koophandel Brabant
Branch number 000016832248
VAT-number 006889050
Status Active
Memorandum 1984-04-27
Establishment date 1978-11-01
Legal form Private Company
Last proposed admendment 2002-12-12
Activities
SBI Wholesale
of other used materials and waste materials (46779)
Exporter Yes
Importer Yes
Goal De
handel in oud papier,plastics en andere recycleproducten
Relations
Shareholders Lindans
B.V.
Wilhelminapark 37
5041EC TILBURG
Netherlands
Registration number: 180351600000
Percentage: 100%
Companies on same address Belrosa
B.V.
Registration number: 180130300000
Lindans B.V.
Registration number: 180351600000
CVB Holding B.V.
Registration number: 180809180000
Cavabe B.V.
Registration number: 180809270000
Livabe B.V.
Registration
number: 180809210000
Management
Active management Lindans
B.V.
Wilhelminapark 37
5041EC TILBURG
Netherlands
Registration number: 180351600000
Competence: Fully authorized
Function: Manager
Starting date: 2009-01-01
Active management
R.A.
Getkate (Richard Alain)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2009-01-01
Date of birth: 1972-08-06, Utrecht, NL
Employees
|
Total
according to the Chamber of Commerce |
18 |
|
|
|
|
|
|
Year |
|
2013 |
2012 |
2011 |
2010 |
2009 |
|
Total |
|
26 |
18 |
18 |
18 |
18 |
Payments
Score 7,65
Description Payments
made under regular condition
|
Key Figures |
|||||||
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
||
|
Quick ratio |
1,54 |
1,27 |
1,28 |
1,30 |
0,91 |
||
|
Current
ratio |
1,54 |
1,27 |
1,28 |
1,30 |
0,91 |
||
|
|
|||||||
|
Working
capital/ balance total |
0,31 |
0,19 |
0,19 |
0,21 |
-0,07 |
||
|
Equity /
balance total |
0,42 |
0,29 |
0,32 |
0,30 |
0,21 |
||
|
Equity /
Fixed assets |
3,30 |
2,55 |
2,29 |
3,28 |
0,74 |
||
|
Equity /
liabilities |
0,72 |
0,41 |
0,47 |
0,43 |
0,26 |
||
|
|
|||||||
|
Working
Capital |
3.415.534 |
3.023.208 |
2.763.445 |
2.554.426 |
-925.623 |
||
|
Equity |
4.663.760 |
4.669.663 |
4.682.947 |
3.622.740 |
2.631.092 |
||
|
Mutation
equity |
-0,13 |
-0,28 |
29,27 |
37,69 |
12,09 |
||
|
Mutation
short term liabilities |
-43,34 |
13,92 |
15,51 |
-14,79 |
23,22 |
||
|
|
|||||||
|
Return on
total assets (ROA) |
-0,08 |
0,02 |
9,76 |
10,97 |
2,98 |
||
|
Return on
equity (ROE) |
-0,19 |
0,08 |
30,41 |
36,71 |
14,23 |
||
|
Gross
margin |
2.126.782 |
2.660.014 |
3.994.576 |
3.493.505 |
2.065.341 |
||
|
Operating
result |
-50.909 |
57.200 |
1.488.869 |
1.355.906 |
-88.395 |
||
|
Net result
after tax |
-5.903 |
-13.284 |
1.060.207 |
991.648 |
283.835 |
||
|
EBIT |
57.200 |
1.488.869 |
1.355.906 |
-88.395 |
|
EBITDA |
396.938 |
1.748.066 |
1.586.224 |
37.586 |
Summary The 2013 financial result
structure is a postive working captial of 3.415.534 euro, which is in agreement
with 31 % of the total assets of the company.
The working capital has increased with 12.98
% 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
1.54. 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
1.54. 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 3.023.208 euro, which is in agreement with 19 % of
the total assets of the company.
The working capital has increased with 9.4 %
compared to previous year. The ratio with
respect to the total assets of the company
remains unchanged.
The improvement between 2011 and 2012 has
mainly been caused by a current liabilities
reduction.
The current ratio of the company in 2012 was
1.27. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2012 of the company was
1.27. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
Annual account CVB
Ecologistics B.V.
Wilhelminapark 37
5041EC Tilburg
Netherlands
Registration number: 180268870000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
||
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
||
|
Tangible
fixed assets |
1.257.975 |
1.569.194 |
1.671.393 |
1.086.776 |
1.022.445 |
||
|
Financial
fixed assets |
153.381 |
263.941 |
376.856 |
16.292 |
2.540.725 |
||
|
Fixed
assets |
1.411.356 |
1.833.135 |
2.048.249 |
1.103.068 |
3.563.170 |
||
|
|
|||||||
|
Other stock |
6.529 |
|
|
|
|
||
|
Total
stock |
6.529 |
37.267 |
|
||||
|
Other
receivables |
9.719.742 |
|
|
|
|
||
|
Total
receivables |
9.719.742 |
14.124.208 |
12.338.782 |
11.019.302 |
9.008.524 |
||
|
Liquid
funds |
|
|
202.326 |
|
|
||
|
Current
assets |
9.726.271 |
14.161.475 |
12.541.108 |
11.019.302 |
9.008.524 |
||
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|||||
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|||||
|
Total
assets |
11.137.627 |
15.994.610 |
14.589.357 |
12.122.370 |
12.571.694 |
|||||
|
|
||||||||||
|
Issued
capital |
15.890 |
15.890 |
15.890 |
15.890 |
15.890 |
|||||
|
Legal and
statutory reserve |
|
|
2.110 |
2.110 |
2.110 |
|||||
|
Other
reserves |
4.647.870 |
4.653.773 |
4.664.947 |
3.604.740 |
2.613.092 |
|||||
|
Total
reserves |
4.647.870 |
4.653.773 |
4.667.057 |
3.606.850 |
2.615.202 |
|||||
|
Total
equity |
4.663.760 |
4.669.663 |
4.682.947 |
3.622.740 |
2.631.092 |
|||||
|
|
||||||||||
|
Provisions |
163.130 |
186.680 |
128.747 |
34.754 |
6.455 |
|||||
|
Other short
term liabilities |
6.310.737 |
|
|
|
|
|||||
|
Short
term liabilities |
6.310.737 |
11.138.267 |
9.777.663 |
8.464.876 |
9.934.147 |
|||||
|
Total
short and long term liabilities |
6.473.867 |
11.324.947 |
9.906.410 |
8.499.630 |
9.940.602 |
|||||
|
Total
liabilities |
11.137.627 |
15.994.610 |
14.589.357 |
12.122.370 |
12.571.694 |
|||||
Summary The total
assets of the company decreased with -30.37 % between 2012 and 2013.
This total assets decrease has been
reflected in a reduction of non current assets of -23.01%.
Assets reduction is being explained by an
indebtedness decrease -42.84 % while the Net
Worth remains unchanged.
In 2013 the assets of the company were 12.67
% composed of fixed assets and 87.33 % by current assets. The assets are being
financed by an equity of 41.87 %, and total debt of 58.13 %.
The total assets of the company increased
with 9.63 % between 2011 and 2012.
Despite the assets growth, the non current
assets decreased with -10.5 %.
The asset growth is explained by a reduction
of 14.32 % of the company's indebtness, this while, the Net Worth remains
unchanged.
In 2012 the assets of the company were 11.46
% composed of fixed assets and 88.54 % by current assets. The assets are being
financed by an equity of 29.2 %, and total debt of 70.8%.
Profit and Loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross
margin |
2.126.782 |
2.660.014 |
3.994.576 |
3.493.505 |
2.065.341 |
|
|
|||||
|
Wages and
salaries |
1.049.884 |
1.190.173 |
1.220.219 |
1.042.634 |
882.805 |
|
Amorization
and depreciation |
367.888 |
339.738 |
259.197 |
230.318 |
125.981 |
|
other
operating costs |
759.919 |
1.072.903 |
1.026.291 |
864.647 |
1.144.950 |
|
Operating
expenses |
2.177.691 |
2.602.814 |
2.505.707 |
2.137.599 |
2.153.736 |
|
Operating
result |
-50.909 |
57.200 |
1.488.869 |
1.355.906 |
-88.395 |
|
|
|||||
|
Financial
income |
|
41.103 |
2.637 |
59.747 |
635.600 |
|
Financial
expenses |
|
94.367 |
67.396 |
85.787 |
172.730 |
|
Financial result |
42.155 |
-53.264 |
-64.759 |
-26.040 |
462.870 |
|
Result
on ordinary operations before taxes |
-8.754 |
3.936 |
1.424.110 |
1.329.866 |
374.475 |
|
|
|||||
|
Taxation on
the result of ordinary activities |
|
17.220 |
323.396 |
321.310 |
90.640 |
|
Result
of ordinary activities after taxes |
-8.754 |
-13.284 |
1.100.714 |
1.008.556 |
283.835 |
|
|
|||||
|
Extraordinary
income |
|
|
7.003 |
|
|
|
Extraordinary
expense |
|
|
47.510 |
16.908 |
|
|
Taxation
extraordinary result |
2.851 |
|
|
|
|
|
Extraordinary
result after taxation |
2.851 |
|
-40.507 |
-16.908 |
|
|
Net
result |
-5.903 |
-13.284 |
1.060.207 |
991.648 |
283.835 |
|
|
|||||
|
Attributable
to shareholders |
-5.903 |
|
|
|
|
Summary The gross profit of the company decreased by -20.05 % between 2012 and 2013.
The operating result of the company declined with -189 % between 2012 and 2013. 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 -500 % of the analysed period, being equal to 2012 % in the year 2013.
The Net Result of the company decreased by 55.56 % between 2012 and 2013.
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 -337.5 % of the analysed period, being -0.19 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The gross profit of the company decreased by -33.41 % between 2011 and 2012.
The operating result of the company declined with -96.16 % 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 -99.8 % of the analysed period, being equal to 2011 % in the year 2012.
The Net Result of the company increased by -101.25 % between 2011 and 2012.
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 -99.74 % of the analysed period, being 0.08 % in the year 2012.
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 Midden-Brabant
In the Netherlands 109662 of the companies are registered with the SBI code 46
In the region Midden-Brabant 5737 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 Midden-Brabant 108 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 Midden-Brabant is normal
Publications
Filings 28-07-2014: De jaarrekening over 2013 is gepubliceerd.
16-08-2013: De jaarrekening over 2012 is gepubliceerd.
25-07-2012: De jaarrekening over 2011 is gepubliceerd.
15-07-2011: De jaarrekening over 2010 is gepubliceerd.
26-08-2010: De jaarrekening over 2009 is gepubliceerd.
18-09-2009: De jaarrekening over 2008 is gepubliceerd.
Amendments 23-11-2010: Per 1-1-2009 is de bevoegdheid van Bestuurder Richard Alain Getkate
gewijzigd.
Company
structure
Lindans B.V.
Wilhelminapark 37
5041EC TILBURG
Netherlands
Registration number: 180351600000
- CVB Ecologistics B.V.
Wilhelminapark 37
5041EC Tilburg
Netherlands
Registration number: 180268870000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
UK Pound |
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.