MIRA INFORM REPORT

 

 

Report Date :

30.09.2014

 

IDENTIFICATION DETAILS

 

Name :

AGROPLANT HOLLAND B.V.

 

 

Registered Office :

Almereweg 35A, 1671ND Medemblik

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.06.2013

 

 

Date of Incorporation :

21.05.1924

 

 

Com. Reg. No.:

36035743

 

 

Legal Form :

Private Company

 

 

Line of Business :

Cultivation, import and export and wholesale of agricultural and horticultural products

 

 

No of Employees :

14 (2013)

 

 

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           Agroplant Holland B.V.

Operative address       Almereweg 35A

1671ND Medemblik

Netherlands

Legal form                   Private Company

Registration number    KvK-nummer: 36035743

VAT-number                009757570

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

575.643

  16,90

492.434

13,23

434.901

Total receivables

4.986.178

44,22

3.457.426

46,75

2.356.058

Total equity

3.533.900

16,76

3.026.624

20,81

2.505.323

Short term liabilities

3.556.119

193,08

1.213.377

-13,79

1.407.481

Working capital

2.958.257

16,73

2.534.190

22,40

2.070.422

Quick ratio

1,83

-40,78

3,09

25,10

2,47

 

 

 

 

 

Contact information

 

Company name                       Agroplant Holland B.V.

Trade names                           Agroplant Holland B.V.

Wolf & Wolf

Operative address                   Almereweg 35A

1671ND Medemblik

Netherlands

Correspondence address         Postbus 12

1670AA Medemblik

Netherlands

Telephone number                  0227541217

Fax number                             0227544613

Email address                          info@agroplant.nl

Website                                   www.agroplant.nl

 

 

Registration

 

Registration number                            KvK-nummer: 36035743

Branch number                                    000016528212

VAT-number                                        009757570

Status                                                  Active

First registration company register      1991-01-17

Memorandum                                      1990-07-03

Establishment date                              1924-05-21

Legal form                                           Private Company

Last proposed admendment                2002-06-10

 

 

Activities

 

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

Growing of other non-perennial crops (011909)

Wholesale of other agricultural products (46219)

Exporter                       Yes

Importer                       Yes

Branche organisations Plantum (Trade Association for plant propagation materials sector)

Goal                             Cultivation, import and export and wholesale of agricultural and horticultural products

 

 

Relations

 

Shareholders               Familie Van der Lee Holding B.V.

Almereweg 35A

1671ND MEDEMBLIK

Netherlands

                                    Registration number: 371150600000

Percentage: 100%

 

 

Bank details

 

Accounts                      ABN Amro Bank NV

Account number: 58.68.28.001

 

 

Management

 

Active management    J.T.A. van der Lee (Johannes Theodorus Adrianus)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 1990-07-03

Date of birth: 1945-10-09, Medemblik, NL

 

J.A.L. van der Lee (Joris Adrianus Lucas)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-02-01

Date of birth: 1977-05-14, Medemblik, NL

 

A.A.J. van der Lee (Abraham Adrianus Joris)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-02-01

Date of birth: 1974-02-27, Medemblik, NL

 

J.T. van der Lee (Johannes Theodorus)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-02-01

Date of birth: 1975-08-09, Medemblik, NL

 

 

Employees

 

Total according to the Chamber of Commerce

0

 

 

 

 

 

 

Year

 

2014

2013

2012

2011

2010

Total

 

0

14

14

13

12

 

 

 

 

 

 

Payments

 

Description                  Payments made under condition

 

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,83

3,09

2,47

2,59

2,13

Current ratio

1,83

3,09

2,47

2,59

2,13

Working capital/ balance total

0,42

0,60

0,53

0,55

0,47

Equity / balance total

0,50

0,71

0,64

0,65

0,58

Equity / Fixed assets

6,14

6,15

5,76

6,51

5,10

Equity / liabilities

0,99

2,49

1,78

1,88

1,41

Balance total/ liabilities

1,99

3,49

2,78

2,88

2,41

Working capital

2.958.257

2.534.190

2.070.422

1.849.216

1.543.234

Equity

3.533.900

3.026.624

2.505.323

2.184.549

1.919.878

Mutation equity

16,76

20,81

14,68

13,79

35,30

Mutation short term liabilities

193,08

-13,79

20,86

-14,51

-15,60

 

Summary         The 2013 financial result structure is a postive working captial of 2.958.257 euro, which is in

agreement with 42 % of the total assets of the company.

The working capital has increase with 16.73 % compared to previous year. The ratio with

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

The improvement between 2012 and 2013 has mainly been caused by a current liabilities

reduction.

The current ratio of the company in 2013 was 1.83. 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 1.83. 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 2.534.190 euro, which is in

agreement with 60 % of the total assets of the company.

The working capital has increased with 22.4 % 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 3.09. If the current ratio exeeds 3.0, the

company may not be using its current assets or its short-term financing facilities efficiently .

The quick ratio in 2012 of the company was 3.09. A company with a Quick Ratio of more than

1 can 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 Agroplant Holland B.V.

Almereweg 35A

1671ND Medemblik

Netherlands

Registration number: 360357430000

 

 

Balance

 

Year

2013

2012

2011

2010

2009

End date

2013-06-30

2012-06-30

2011-06-30

2010-06-30

2009-06-30

Tangible fixed assets

551.056

466.616

417.883

318.315

359.626

Financial fixed assets

24.587

25.818

17.018

17.018

17.018

Fixed assets

575.643

492.434

434.901

335.333

376.644

Total receivables

4.986.178

3.457.429

2.356.058

2.502.138

2.678.103

Liquid funds

1.528.198

290.138

1.121.845

511.633

227.298

Current assets

6.514.376

3.747.567

3.477.903

3.013.771

2.905.401

Total assets

7.090.019

4.240.001

3.912.804

3.349.104

3.282.045

Issued capital

18.200

18.200

18.200

18.200

18.200

Legal and statutory reserve

18.187

 

 

 

 

Other reserves

3.497.513

3.008.424

2.487.123

2.166.349

1.901.678

Total reserves

3.515.700

3.008.424

2.487.123

2.166.349

1.901.678

Total equity

3.533.900

3.026.624

2.505.323

2.184.549

1.919.878

Short term liabilities

3.556.119

1.213.377

1.407.481

1.164.555

1.362.167

Total short and long term liabilities

3.556.119

1.213.377

1.407.481

1.164.555

1.362.167

Total liabilities

7.090.019

4.240.001

3.912.804

3.349.104

3.282.045

 

Summary         The total assets of the company increased with 67.22 % between 2012 and 2013.

The fixed asset growth of 16.9 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 193.08 %. The Net Worth,

however, grew with 16.76 %.

In 2013 the assets of the company were 8.12 % composed of fixed assets and 91.88 % by

current assets. The assets are being financed by an equity of 49.84 %, and total debt of

50.16 %.

The total assets of the company increased with 8.36 % between 2011 and 2012.

The total asset increase is retrievable in the fixed asset growth of 13.23 %.

The assets growth has been financed by a Net Worth increase of 20.81 %. The company's

net increase has also covered a reduction of -13.79 % of the company's indebtedness.

In 2012 the assets of the company were 11.61 % composed of fixed assets and 88.39 % by

current assets. The assets are being financed by an equity of 71.38 %, and total debt of

28.62 %.

 

 

 

 

 

 

 

 

Analysis

 

Branch (SBI)    AGRICULTURE (01)

Region             Noord-Holland Noord

In the Netherlands 74409 of the companies are registered with the SBI code 01

In the region Noord-Holland Noord 3553 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 Noord-Holland Noord 18 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 Noord-Holland Noord is Low

 

 

Publications

 

Filings 06-11-2013: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.

21-09-2012: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

20-01-2012: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

02-11-2010: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

 

 

Functions         18-02-2014: Per 01-02-2014 is bestuurder Johannes Theodorus van der Lee in functie

getreden.

18-02-2014: Per 01-02-2014 is bestuurder Abraham Adrianus Joris van der Lee in functie

getreden.

18-02-2014: Per 01-02-2014 is bestuurder Joris Adrianus Lucas van der Lee in functie

getreden.

18-02-2014: Per 01-02-2014 is gevolmachtigde Abraham Adrianus Joris van der Lee uit

functie getreden.

18-02-2014: Per 01-02-2014 is gevolmachtigde Joris Adrianus Lucas van der Lee uit functie

getreden.

18-10-2013: Per 15-10-2013 is gevolmachtigde Abraham Adrianus Joris van der Lee in

functie getreden.

 

 

Company structure

 

Relations                     10

 

Actrice Beheer B.V.

Almereweg 35A

1671ND MEDEMBLIK

Netherlands

Registration number: 371583900000

• Van der Lee Beheer B.V.

Almereweg 35A

1671ND MEDEMBLIK

Netherlands

Registration number: 360172110000

• Stichting Administratiekantoor Van der Lee

Almereweg 35A

1671ND MEDEMBLIK

Netherlands

Registration number: 371150590000

• Familie Van der Lee Holding B.V.

Almereweg 35A

1671ND MEDEMBLIK

Netherlands

Registration number: 371150600000

• Agroplant Holland B.V.

Almereweg 35A

1671ND Medemblik

Netherlands

Registration number: 360357430000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.43

UK Pound

1

Rs.99.73

Euro

1

Rs.77.93

 

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%)

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