MIRA INFORM REPORT
|
Report Date : |
15.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
H.CH. SCHOBBERS B.V. |
|
|
|
|
Registered Office : |
Vasco Da Gamaweg 8 5928LD Venlo |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1966 |
|
|
|
|
Com. Reg. No.: |
12021171 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Growing of Other Non-Perennial Crops · Floriculture · Wholesale of Seeds |
|
|
|
|
No. of Employees : |
11 |
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 |
H.Ch. Schobbers B.V. |
|
Operative address |
Vasco
da Gamaweg 8 5928LD Venlo Netherlands |
|
Legal form |
Private
Company |
|
Registration number |
KvK-nummer: 12021171 |
|
VAT-number |
006497184 |
|
Year |
2012 |
|
Mutation |
2011 |
|
Mutation |
2010 |
|
Fixed assets |
553.655 |
|
-36,41 |
870.690 |
|
-28,70 |
1.221.226 |
|
Total receivables |
2.898.488 |
|
16,43 |
2.489.535 |
|
-4,66 |
2.611.288 |
|
|
|||||||
|
Total equity |
3.192.167 |
* |
36,79 |
2.333.542 |
|
6,47 |
2.191.660 |
|
Short term liabilities |
3.881.094 |
|
-5,53 |
4.108.137 |
|
-11,08 |
4.620.109 |
|
|
|||||||
|
Net result |
858.625 |
|
-3,73 |
891.882 |
|
-18,44 |
1.093.595 |
|
|
|||||||
|
Working capital |
2.721.189 |
* |
70,63 |
1.594.787 |
t |
39,19 |
1.145.735 |
|
Quick ratio |
0,96 |
|
6,67 |
0,90 |
|
18,42 |
0,76 |
Contact
information
Company name H.Ch. Schobbers B.V.
Trade names H.Ch. Schobbers B.V.
Operative
address Vasco da Gamaweg 8
5928LD Venlo
Netherlands
Correspondence
address Postbus 66
5900AB Venlo
Netherlands
Telephone number
0773969120
Fax number 0773969121
Email address info@schobbers.nl
Website www.schobbers.nl
Registration
Registration
number KvK-nummer:
12021171
Branch
number 000018558437
VAT-number 006497184
Status Active
First
registration company register 1983-09-02
Memorandum
1983-08-19
Establishment
date 1966-01-01
Legal
form Private
Company
Activities
SBI Growing of other
non-perennial crops (0119)
Floriculture (011901)
Wholesale of seeds (46212)
Exporter Yes
Importer Yes
Goal Het telen van- en
de handel in zaden, zaaigra- nen, zaaipeulvruchten en groentezaden, de han- del in meel, granen,
zaden, peulvruchten, fou- rage en aanverwante artikelen, zowel voor vee- voeder
als voor menselijke konsumptie, de han- del in zaai- en pootgoed en
kunstmeststoffen, zowel binnenlands als import en export, de fa- brikage van en
het be- en verwerken van boven- staande artikelen, de fabrikage van alle soor-
ten gemengde vee-, varkens-, pluimvee- en vo- gelvoeders, alsmede het over- en
opslagbedrijf; het deelnemen in
en het voeren van de direktie over andere
vennootschappen en ondernemingen; het als hoofdelijk medeschuldenares verbinden
voor de schulden van derden, het verbinden van de vennootschap als borg en/of
haar op enige wijze doen garant staan voor schulden of persoonlijke
verplichtingen van derden, alsmede het vestigen van zakelijke zekerheidsrechten
op bestanddelen van het vermogen van de vennoot- schap voor gelijke schulden of
verplichtingen van derden
Relations
Shareholders Schobbers
Management B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 120389140000
Percentage: 100%
Branches H.Ch.
Schobbers B.V.
Havenweg 8
6101AB ECHT
Netherlands
Registration number: 120211710001
Companies on same address Torrendum
B.V.
Registration number: 120026250000
Es.Pe.Es Holding B.V.
Registration number: 120430670000
H.Ch. Schobbers Beheer B.V.
Registration number: 120130170000
Holding H.B.J. Schobbers B.V.
Registration number: 120389130000
Schobbers Management B.V.
Registration number: 120389140000
Schobbers Vastgoed B.V.
Registration number: 120381510000
Stichting Voorzieningen
Werknemers H.Ch. Schobbers B.V.
Registration number: 410624030000
Schobbers Onroerend Goed B.V.
Registration number: 120589290000
Management
Active management Schobbers
Management B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 120389140000
Competence: Fully authorized
Function: Manager
Starting date: 2013-01-14
Employees
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
11 |
11 |
11 |
11 |
11 |
Payments
|
Description |
Payments made under regular condition |
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,96 |
0,90 |
0,76 |
0,63 |
0,82 |
|
Current ratio |
1,70 |
1,39 |
1,25 |
0,91 |
1,34 |
|
|
|||||
|
Working capital/ balance total |
0,38 |
0,24 |
0,16 |
-0,07 |
0,22 |
|
Equity / balance total |
0,45 |
0,35 |
0,31 |
0,20 |
0,35 |
|
Equity / Fixed assets |
5,77 |
2,68 |
1,79 |
0,70 |
2,58 |
|
Equity / liabilities |
0,81 |
0,55 |
0,46 |
0,25 |
0,55 |
|
Balance total / liabilities |
1,81 |
1,55 |
1,46 |
1,25 |
1,55 |
|
|
|||||
|
Working capital |
2.721.189 |
1.594.787 |
1.145.735 |
-377.494 |
1.188.637 |
|
Equity |
3.192.167 |
2.333.542 |
2.191.660 |
1.098.065 |
1.940.857 |
|
Mutation equity |
36,79 |
6,47 |
99,59 |
-43,42 |
99,88 |
|
Mutation short term liabilities |
-5,53 |
-11,08 |
7,57 |
21,20 |
14,61 |
|
|
|||||
|
Return on total assets (ROA) |
15,98 |
18,06 |
20,40 |
20,08 |
|
|
Return on equity (ROE) |
35,83 |
50,88 |
65,03 |
100,43 |
|
|
Gross margin |
3.311.683 |
3.334.076 |
3.118.089 |
3.315.473 |
|
|
Operating result |
1.299.763 |
1.364.587 |
1.615.350 |
1.234.562 |
|
|
Net result after taxes |
858.625 |
891.882 |
1.093.595 |
857.208 |
|
|
|
|||||
|
Cashflow |
1.238.465 |
1.285.954 |
1.487.138 |
1.123.280 |
|
|
EBIT |
1.299.763 |
1.364.587 |
1.615.350 |
1.234.562 |
|
|
EBITDA |
1.679.603 |
1.758.659 |
2.008.893 |
1.500.634 |
|
|
Summary |
The 2012
financial result structure is a positive working capital of 2.721.189 euro, which is in agreement with 38 % of the
total assets of the company. The
working capital has increased with 70.63 % 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 1.7. 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 0.96. A company with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. The
2011 financial result structure is a postive working captial of 1.594.787
euro, which is in agreement with 24 % of the total assets of the company. The
working capital has increased with 39.19 % 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 1.39. When the current ratio is
below 1.5, the company may have problems meeting its short-term obligations. The
quick ratio in 2011 of the company was 0.9. A company with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities. |
||||
Financial
Statement
Last annual account 2012
Remark annual account The company is
obliged to file its financial statements.
Type of annual account Corporate
Annual account H.Ch. Schobbers B.V.
Vasco da Gamaweg 8
5928LD Venlo
Netherlands
Registration number: 120211710000
Balance
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End
date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Tangible fixed assets |
553.655 |
870.690 |
1.221.226 |
1.574.030 |
752.219 |
|
Financial fixed assets |
|
|
|
|
1 |
|
Fixed Assets |
553.655 |
870.690 |
1.221.226 |
1.574.030 |
752.220 |
|
Total Stock |
2.880.649 |
2.002790 |
2.250.023 |
1.231.018 |
1.843.069 |
|
Total receivables |
2.898.488 |
2.489.535 |
2.611.288 |
1.696.913 |
2.278.613 |
|
Liquid
funds |
823.146 |
1.210.599 |
904.533 |
989.572 |
610.706 |
|
Current assets |
6.602.283 |
5.702.924 |
5.765.844 |
3.917.503 |
4.732.388 |
|
Total Assets |
7.155.938 |
6.573.614 |
6.987.070 |
5.491.533 |
5.484.608 |
|
Issued capital |
68.067 |
68.067 |
68.067 |
68.067 |
68.067 |
|
Other
reserves |
3.124.100 |
2.265.475 |
2.123.593 |
1.029.998 |
1.872.790 |
|
Total reserves |
3.124.100 |
2.265.475 |
2.123.593 |
1.029.998 |
1.872.790 |
|
Total equity |
3.192.167 |
2.333.542 |
2.191.660 |
1.098.065 |
1.940.857 |
|
|
|||||
|
Provisions |
82.677 |
131.935 |
175.301 |
98.471 |
|
|
Short term liabilities |
3.881.094 |
4.108.137 |
4.620.109 |
4.294.997 |
3.543.751 |
|
Total short and long term
liabilities |
3.963.771 |
4.240.072 |
4.795.410 |
4.393.468 |
3.543.751 |
|
Total liabilities |
7.155.938 |
6.573.614 |
6.987.070 |
5.491.533 |
5.484.608 |
Summary The total assets of
the company increased with 8.86 % between 2011
and 2012.
Despite the assets growth, the non current
assets decreased with -36.41 %.
The assets growth has been financed by a Net
Worth increase of 36.79 %. The company's net increase has also covered a reduction
of -6.52 % of the company's indebtedness.
In 2012 the assets of the company were 7.74
% composed of fixed assets and 92.26 % by current assets. The assets are being
financed by an equity of 44.61 %, and total debt of 55.39 %.
The total assets of the company decreased
with -5.92 % between 2010 and 2011.
This downturn is mainly retrievable in the
fixed asset decrease of -28.7 %.
The asset reduction is in contrast with the
equity growth of 6.47 %. Due to this the total debt decreased with -11.58 %.
In 2011 the assets of the company were 13.25
% composed of fixed assets and 86.75 % by current assets. The assets are being
financed by an equity of 35.5 %, and total debt of 64.5 %.
Profit
and Loss
|
Year |
2012 |
2011 |
2010 |
2009 |
|
|
Gross margin |
3.311.683 |
3.334.076 |
3.118.089 |
3.315.473 |
|
|
|
|||||
|
Wages and salaries |
735.141 |
663.812 |
639.884 |
647.636 |
|
|
Amorization and depreciation |
379.840 |
394.072 |
393.543 |
266.072 |
|
|
other operating costs |
896.939 |
911.605 |
469.312 |
1.167.203 |
|
|
Operating expenses |
2.011.920 |
1.969.489 |
1.502.739 |
2.080.911 |
|
|
Operating result |
1.299.763 |
1.364.587 |
1.615.350 |
1.234.562 |
|
|
|
|||||
|
Financial income |
|
37 |
5.073 |
7.304 |
|
|
Financial expenses |
155.921 |
177.290 |
195.264 |
139.095 |
|
|
Financial result |
-155.921 |
-177.253 |
-190.191 |
-131.791 |
|
|
Result on ordinary operations
before taxes |
1.143.842 |
1.187.334 |
1.425.159 |
1.102.771 |
|
|
|
|||||
|
Taxation on the result of ordinary activities |
285.217 |
295.452 |
331.564 |
245.563 |
|
|
Result of ordinary activities after
taxes |
858.625 |
891.882 |
1.093.595 |
857.208 |
|
|
|
|||||
|
Net result |
858.625 |
891.882 |
1.093.595 |
857.208 |
|
Summary The gross profit
of the company has remained the same between 2011 and 2012.
The operating result of the company declined
with -4.75 % 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 -11.52 % of the analysed period,
being equal to 2011 % in the year 2012.
The Net Result of the company increased by
-3.73 % 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
-29.58 % of the analysed period, being 35.83 % in the year 2012.
The company's financial profitability has
been positively affected by its financial structure.
The gross profit of the company grew with
6.93 % between 2010 and 2011.
The operating result of the company declined
with -15.52 % between 2010 and 2011. 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 -11.47 % of the analysed period,
being equal to 2010 % in the year 2011.
The Net Result of the company increased by
-18.44 % between 2010 and 2011.
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 -21.76
% of the analysed period, being 50.88 % in the year 2011.
The company's financial profitability has
been positively affected by its financial structure.
Analysis
Branch (SBI) AGRICULTURE (01)
Region Limburg
In the Netherlands 74409 of the companies are
registered with the SBI code 01
In the region Limburg 4921 of the companies
are registered with the SBI code 01
In the Netherlands 350 of the bankrupcties
are published within this sector
In the region Limburg 39 of the bankruptcies
are published within this sector
The risk of this specific sector in the
Netherlands is Low
The risk of this specific sector in the
region Limburg is Low
Publications
Filings 14-01-2014: De
jaarrekening over 2012 is gepubliceerd.
07-12-2012: De jaarrekening over 2011 is
gepubliceerd.
05-12-2011: De jaarrekening over 2010 is
gepubliceerd.
06-12-2010: De jaarrekening over 2009 is
gepubliceerd.
19-01-2010: De jaarrekening over 2008 is
gepubliceerd.
Functions 16-01-2013: Per 14-01-2013
is bestuurder 12038914 Schobbers Management
B.V. in functie getreden.
16-01-2013: Per 14-01-2013 is bestuurder
Sjoerd Peter Schobbers uit functie getreden.
16-01-2013: Per 14-01-2013 is bestuurder
Henri Bastiaan Jeroen Schobbers uit functie getreden.
16-01-2013: Per 14-01-2013 is bestuurder
Lambertus Johannes Alfonsus Maria Schobbers uit functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.