MIRA INFORM REPORT
|
Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
JETSTONE VERKOOP B.V. |
|
|
|
|
Registered Office : |
Florijn 9, 5751 PC Deurne |
|
|
|
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Country : |
Netherlands |
|
|
|
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Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
20.09.1994 |
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|
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Com. Reg. No.: |
17083222 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of other construction (building) materials |
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|
|
|
No of Employees : |
01 |
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 |
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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 |
|
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 Jetstone
Verkoop B.V.
Operative address Florijn 9
5751PC Deurne
Netherlands
Legal form Private Company
Registration number KvK-nummer:
17083222
VAT-number 802421799
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
130.157 |
-52,79 |
275.710 |
16,64 |
236.383 |
|
Total receivables |
1.319.351 |
-6,80 |
1.415.658 |
10,36 |
1.282.739 |
|
Total equity |
93.869 |
-87,09 |
726.959 |
45,04 |
501.226 |
|
Short term liabilities |
1.520.056 |
6,51 |
1.427.204 |
10,89 |
1.286.987 |
|
Working capital |
108.404 |
-80,52 |
556.394 |
55,77 |
357.180 |
|
Quick ratio |
1,07 |
-23,02 |
1,39 |
8,59 |
1,28 |
Contact
information
Company name Jetstone Verkoop
B.V.
Trade names Jetstone Verkoop
B.V.
Operative address Florijn 9
5751PC Deurne
Netherlands
Correspondence address Florijn 9
5751PC Deurne
Netherlands
Telephone number 0493352050
Email address info@jetstone.nl
Website www.jetstone.nl
Registration
Registration number KvK-nummer:
17083222
Branch number 000017646774
VAT-number 802421799
Status Active
First registration company register 1994-09-20
Memorandum 1994-09-12
Establishment date 1994-02-22
Legal form Private Company
Last proposed admendment 1999-05-25
Activities
SBI Wholesale of other
construction (building) materials (46738)
Exporter No
Importer No
Goal De handel in en de
verkoop van natuursteen en natuursteenprodukten, alsmede de verwerving,
exploitatie, verhuur, verbouwing en/of vervreemding van onroerende goederen
Relations
Shareholders Jetstone
Vastgoed B.V.
Florijn 9
5751PC DEURNE
Netherlands
Registration
number: 171159690000
Percentage: 100%
Companies on same address Jetstone
Vastgoed B.V.
Registration
number: 171159690000
Jetstone Holding
B.V.
Registration number:
170788350000
Jetstone Produktie
B.V.
Registration
number: 171108440000
Q-Quartz B.V.
Registration
number: 171913420000
Tres B.V.
Registration
number: 171841980000
Jetstone
Scandinavië B.V.
Registration
number: 171959390000
Stichting
Administratiekantoor Sonja
Registration
number: 172081720000
Personeelsvereniging
Jetstone
Registration
number: 172842140000
S-Box B.V.
Registration
number: 549264590000
Management
Active management Jetstone
Holding B.V.
Florijn 9
5751PC DEURNE
Netherlands
Registration
number: 170788350000
Competence: Fully
authorized
Function: Manager
Starting date:
2003-09-01
Employees
|
Total according to the Chamber of
Commerce |
1 |
|
|
|
|
|
|
Year |
|
2014 |
2012 |
2011 |
2010 |
2009 |
|
Total |
|
1 |
1 |
1 |
11 |
11 |
Payments
Description Payments made
under regular condition
Key figures
1
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
1,07 |
1,39 |
1,28 |
1,00 |
1,08 |
|
Current ratio |
1,07 |
1,39 |
1,28 |
1,00 |
1,08 |
|
|
|
|
|
|
|
|
Working capital/ balance
total |
0,06 |
0,25 |
0,19 |
0,00 |
0,04 |
|
Equity / balance total |
0,05 |
0,32 |
0,27 |
0,05 |
0,40 |
|
Equity / Fixed assets |
0,72 |
2,64 |
2,12 |
0,36 |
0,94 |
|
Equity / liabilities |
0,06 |
0,47 |
0,36 |
0,05 |
0,66 |
|
Balance total /
liabilities |
1,06 |
1,47 |
1,36 |
1,05 |
1,66 |
|
Working capital |
108.404 |
556.394 |
357.180 |
-203 |
63.332 |
|
Equity |
93.869 |
726.959 |
501.226 |
59.452 |
608.813 |
|
Mutation equity |
-87,09 |
45,04 |
743,08 |
-90,23 |
-53,35 |
|
Mutation short term
liabilities |
6,51 |
10,89 |
21,03 |
30,30 |
-30,72 |
Summary The 2012 financial
result structure is a postive working captial of 108.404 euro, which is in
agreement with 6 % of the total assets of the company.
The working capital has diminished with
-80.52 % 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
1.07. 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
1.07. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
The 2011 financial result structure is a
postive working captial of 556.394 euro, which is in agreement with 25 % of the
total assets of the company.
The working capital has increased with 55.77
% 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 1.39.
A company with a Quick Ratio of more than 1 can 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 Jetstone
Verkoop B.V.
Florijn 9
5751PC Deurne
Netherlands
Registration
number: 170832220000
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 |
|
2.963 |
25.784 |
65.958 |
120.956 |
|
Financial fixed assets |
130.157 |
272.747 |
210.599 |
97.977 |
524.433 |
|
Fixed assets |
130.157 |
275.710 |
236.383 |
163.935 |
645.389 |
|
Total receivables |
1.319.351 |
1.415.658 |
1.282.739 |
405.707 |
409.751 |
|
Liquid funds |
309.109 |
567.940 |
361.428 |
657.432 |
469.654 |
|
Current assets |
1.628.460 |
1.983.598 |
1.644.167 |
1.063.139 |
879.405 |
|
Total assets |
1.758.617 |
2.259.308 |
1.880.550 |
1.227.074 |
1.524.794 |
|
|
|
|
|
|
|
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
75.718 |
708.808 |
483.075 |
41.301 |
590.662 |
|
Total reserves |
75.718 |
708.808 |
483.075 |
41.301 |
590.662 |
|
Total equity |
93.869 |
726.959 |
501.226 |
59.452 |
608.813 |
|
|
|
|
|
|
|
|
Provisions |
144.692 |
105.145 |
92.337 |
104.280 |
99.908 |
|
Short term liabilities |
1.520.056 |
1.427.204 |
1.286.987 |
1.063.342 |
816.073 |
|
Total short and long term
liabilities |
1.664.748 |
1.532.349 |
1.379.324 |
1.167.622 |
915.981 |
|
Total liabilities |
1.758.617 |
2.259.308 |
1.880.550 |
1.227.074 |
1.524.794 |
Summary The total assets
of the company decreased with -22.16 % between 2011 and 2012.
This downturn is mainly
retrievable in the fixed asset decrease of -52.79 %.
The asset reduction results in an equity
decrease of -87.09 %. Despite the decrease, the indebtness increased with 8.64
%.
In 2012 the assets of the company were 7.4 %
composed of fixed assets and 92.6 % by current assets. The assets are being
financed by an equity of 5.34 %, and total debt of 94.66 %.
The total assets of the company increased
with 20.14 % between 2010 and 2011.
The fixed asset growth of 16.64 % is lower
than the total asset growth.
The asset growth has mainly been financed by
a Net Worth increase of 45.04 %. Debt, however, grew with 11.09 %.
In 2011 the assets of the company were 12.2
% composed of fixed assets and 87.8 % by current assets. The assets are being
financed by an equity of 32.18 %, and total debt of 67.82 %.
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 31-01-2014: De
jaarrekening over 2012 is gepubliceerd.
01-02-2013: De
jaarrekening over 2011 is gepubliceerd.
02-02-2012: De
jaarrekening over 2010 is gepubliceerd.
24-01-2011: De
jaarrekening over 2009 is gepubliceerd.
31-12-2009: De
jaarrekening over 2008 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.29 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.78.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.