MIRA INFORM REPORT

 

 

Report Date :

24.09.2014

 

IDENTIFICATION DETAILS

 

Name :

N.K. HEZEMANS TEXTIEL B.V.

 

 

Registered Office :

De Run 4318A5503LN Veldhoven

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.02.1982

 

 

Com. Reg. No.:

17066952

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Agents involved in the sale of textiles, clothing, footwear and leather goods

·         Wholesale of textile products

 

 

No. of Employees :

04

 

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

B1

B1

 

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

Company name and address

 

Company name           N.K. HEZEMANS TEXTIEL B.V.

Operative address       De Run 4318A

5503LN Veldhoven

Netherlands

Legal form                   Private Company

Registration number    KvK-nummer: 17066952

VAT-number                008787177

 

Year

2013

 

Mutation

2012

 

Mutation

2011

Fixed assets

194.624

%

-16,03

231.784

 

-4,71

243.235

Total receivables

789.211

%

-20,40

991.435

 

-12,16

1.128.641

 

Total equity

558.848

%

-10,50

624.419

 

5,22

593.452

Short term liabilities

1.488.606

 

-28,58

2.084.174

 

15,43

1.805.612

 

Working capital

506.913

%

-8,74

555.477

 

-1,91

566.290

Quick ratio

0,54

 

12,50

0,48

 

-23,81

0,63

 

 

Contact information

 

Company name           N.K. Hezemans Textiel B.V.

Trade names               Hezemans Textiel

Operative address       De Run 4318A

5503LN Veldhoven

Netherlands

 

Correspondence address         De Run 4318A

5503LN Veldhoven

Netherlands

Telephone number                  0885727600

Fax number                             0885727699

Email address                          info@hezemans.com

Website                                   www.hezemans.com

 

 

Registration

 

Registration number                KvK-nummer: 17066952

Branch number                        000015801225

VAT-number                            008787177

Status                                      Active

 

First registration company register      1990-01-10

Memorandum                                      1989-12-15

Establishment date                              1982-02-01

Legal form                                           Private Company

 

 

Activities

 

SBI                               Agents involved in the sale of textiles, clothing, footwear and leather goods (4616)

Wholesale of textile products (46429)

Other retail sale (47999)

Exporter                       No

Importer                       No

Branche organisations VEMATEX - Vereniging van machinehandelaren en fabrikanten voor de textielreiniging

Goal                             In- en verkoop van- en agentuurhandel in industriële produkten, in het bijzonder textiel tevens detailhandel in huishoudtextiel

 

Relations

 

Shareholders P. Hezemans Holding B.V.

Dijk 41

5521AW EERSEL

Netherlands

Registration number: 170669510000

Percentage: 100%

 

 

Management

 

Active management

 

P. Hezemans Holding B.V.

Dijk 41

5521AW EERSEL

Netherlands

Registration number: 170669510000

Competence: Fully authorized

Function: Manager

Starting date: 2006-01-21

 

C.J.M. Hezemans - Vanhaezebrouck (Carina Jacqueline Marleen)

Netherlands

Competence: Fully authorized

Function: Proxy

Starting date: 2012-08-14

Date of birth: 1963-04-11, Izegem, BE

 

C.J.M. Hezemans - Vanhaezebrouck (Carina Jacqueline Marleen)

Netherlands

Competence: Fully authorized

Function: Proxy

Starting date: 2012-08-14

Date of birth: 1963-04-11, Izegem, BE

 

 

Employees

 

Year

 

2014

2013

2012

2011

2010

Total

 

5

9

12

12

9

 

 

 

 

 

Payments

 

Description Payments made under regular condition

 

 

Key figures

 

Year                                                                 2013                 2012             2011             2010             2009

Quick ratio                                                        0,54                  0,48               0,63             0,49              0,49

Current ratio                                                      1,34                  1,27               1,31             1,24              1,37

Working capital/ balance total                             0,23                  0,19               0,22             0,17              0,24

 

Year

2013

2012

2011

2010

2009

Equity / balance total

0,26

0,22

0,23

0,25

0,26

Equity / Fixed assets

2,87

2,69

2,44

2,13

2,88

Equity / liabilities

0,34

0,28

0,29

0,33

0,36

Balance total / liabilities

1,34

1,28

1,29

1,33

1,36

 

Working capital

506.913

555.477

566.290

295.286

445.756

Equity

558.848

624.419

593.452

434.131

479.767

Mutation equity

-10,50

5,22

36,70

-9,51

-47,47

Mutation short term liabilities

-28,58

15,43

45,99

2,12

-26,59

 

 

Summary

 

The 2013 financial result structure is a postive working captial of 506.913 euro, which is in

agreement with 23 % of the total assets of the company.

The working capital has diminished with -8.74 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

The deterioration between 2012 and 2013 has mainly been caused by a reduction of the

current assets.

 

The current ratio of the company in 2013 was 1.34. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

The quick ratio in 2013 of the company was 0.54. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

The 2012 financial result structure is a postive working captial of 555.477 euro, which is in

agreement with 19 % of the total assets of the company.

The working capital has diminished with -1.91 % 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 1.27. 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 0.48. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities

 

 

 

 

 

Financial statement

 

Remark annual account          The company is obliged to file its financial statements.

Type of annual account           Corporate

Annual account                       N.K. Hezemans Textiel B.V.

De Run 4318A

5503LN Veldhoven

Netherlands

Registration number: 170669520000

 

Balance

 

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Intangible fixed assets

70.374

80.634

79.967

83.893

29.887

Tangible fixed assets

124.250

151.150

163.268

119.952

136.624

Fixed assets

194.624

231.784

243.235

203.845

166.511

 

Total stock

1.194.621

1.628.936

1.227.060

924.872

1.063.350

Total receivables

789.211

991.435

1.128.641

582.975

575.178

Liquid funds

11.687

19.280

16.201

24.217

18.372

Current assets

1.995.519

2.639.651

2.371.902

1.532.064

1.656.900

Total assets

2.190.143

2.871.435

2.615.137

1.735.909

1.823.411

 

Issued capital

18.151

18.151

18.151

18.151

18.151

Legal and statutory reserve

56.589

59.228

59.239

62.569

 

Other reserves

484.108

547.040

516.062

353.411

461.616

Total reserves

540.697

606.268

575.301

415.980

461.616

Total equity

558.848

624.419

593.452

434.131

479.767

 

Provisions

9.357

4.510

7.741

 

 

Long term interest yielding debt

133.332

158.332

208.332

65.000

132.500

Long term liabilities

133.332

158.332

208.332

65.000

132.500

Short term liabilities

1.488.606

2.084.174

1.805.612

1.236.778

1.211.144

Total short and long term liabilities

1.631.295

2.247.016

2.021.685

1.301.778

1.343.644

Total liabilities

2.190.143

2.871.435

2.615.137

1.735.909

1.823.411

 

 

Summary

 

The total assets of the company decreased with -23.73 % between 2012 and 2013.

This total assets decrease has been reflected in a reduction of non current assets of -16.03

%.

Assets reduction is explained by a Net Worth decrease of -10.5 %, and an indebtedness

reduction of -27.4 %.

In 2013 the assets of the company were 8.89 % composed of fixed assets and 91.11 % by

current assets. The assets are being financed by an equity of 25.52 %, and total debt of

74.48 %.

 

The total assets of the company increased with 9.8 % between 2011 and 2012.

Despite the assets growth, the non current assets decreased with -4.71 %.

The asset growth has mainly been financed by a debt increase of 11.15 %. The Net Worth,

however, grew with 5.22 %.

In 2012 the assets of the company were 8.07 % composed of fixed assets and 91.93 % by

current assets. The assets are being financed by an equity of 21.75 %, and total debt of

78.25 %.

 

 

 

 

 

 

 

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              15-05-2014: De jaarrekening over 2013 is gepubliceerd.

23-07-2013: De jaarrekening over 2012 is gepubliceerd.

18-04-2012: De jaarrekening over 2011 is gepubliceerd.

12-04-2012: De jaarrekening over 2010 is gepubliceerd.

11-02-2011: De jaarrekening over 2009 is gepubliceerd.

Functions         20-08-2012: Per 14-08-2012 is gevolmachtigde Carina Jacqueline Marleen Hezemans-

Vanhaezebrouck in functie getreden

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.87

UK Pound

1

Rs.99.63

Euro

1

Rs.78.22

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

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.