MIRA
INFORM REPORT
|
Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CATZ INTERNATIONAL B.V. |
|
|
|
|
Registered Office : |
Blaak 22, 3011TA |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.12.1926 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
·
Agents involved in the
sale of food ·
Wholesale of coffee,
tea, cocoa and spices (no raw) ·
Financial holding |
|
|
|
|
No. of Employees : |
38 |
RATING & COMMENTS
|
MIRAs 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
Summary
|
Company name |
Catz International B.V. |
|
|
Operative address |
Blaak 22 3011TA |
|
|
Legal form |
Besloten
Vennootschap |
|
|
Registration number |
KvK-nummer:
24026175 |
|
|
VAT-number |
001841890 |
|
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|
Fixed assets |
82.839.033 |
|
1,25 |
81.817.349 |
|
10,67 |
73.926.734 |
|
Total receivables |
63.857.860 |
|
-3,03 |
65.855.021 |
|
-12,42 |
75.197.581 |
|
|
|||||||
|
Total equity |
130.833.730 |
|
7,30 |
121.935.141 |
|
8,95 |
111.914.040 |
|
Short term liabilities |
124.816.487 |
|
8,14 |
115.416.313 |
|
-15,47 |
136.544.088 |
|
|
|||||||
|
Net result |
27.384.508 |
|
1,32 |
27.027.146 |
|
3,35 |
26.151.631 |
|
|
|||||||
|
Working capital |
69.540.137 |
|
1,35 |
68.615.500 |
|
4,25 |
65.821.057 |
|
Quick ratio |
0,52 |
|
-10,34 |
0,58 |
|
5,45 |
0,55 |
Contact information
Company name Catz
International B.V.
Trade names Catz
International B.V.
Operative address Blaak
22
3011TA
Correspondence address Postbus
180
3000AD
Telephone number 0104113440
Fax number 0104118913
Email address info@catz.nl
Website www.catz.nl
Registration
Registration number KvK-nummer:
24026175
Branch number 000009517316
VAT-number 001841890
Status Active
First registration company register 1945-09-18
Memorandum 1926-12-14
Establishment date 1926-12-14
Legal form Besloten
Vennootschap
Last proposed admendment 2014-01-29
Activities
SBI Agents
involved in the sale of food (4617)
Wholesale of
coffee, tea, cocoa and spices (no raw) (4637)
Financial holding
(6420)
Exporter No
Importer No
Goal De handel in koffie,
thee, cacao en specerijen, zowel voor eigen rekening als voor rekening van
derden, alsmede houdsteractiviteiten.
Relations
Shareholders
Beursplein 3710e etage
3011AA
Registration number: 24191858
Percentage: 100%
Companies on same address Amount:
39
Liability statements
Beursplein 3710e
etage
3011AA
Registration number: 24191858
date of issue: 1988-03-29
Starting date: 1986-01-01
Bank details
Accounts ABN
Amro Bank NV
Account number: 42.11.26.000
Banque Artesia NV
Account number: 50.03.24.220
Banque Artesia NV
Account number: 63.38.03.006
Accounts
Sociιtι Gιnιrale
Account number: 27.02.47.092
Management
Active management H.C. Moerman (Hendrik Cornelis)
Competence: Fully
authorized
Function: Manager
Starting date:
1998-09-18
Date of birth:
1960-12-11, Bergschenhoek, NL
J. Penning (Joost)
Competence:
Limited authorization
Function: Manager
Starting date:
1988-10-01
Date of birth:
1959-06-16, Hendrik-Ido-Ambacht, NL
A.G.P. Maarleveld
(Arie Gabriλl Pieter)
Competence:
Limited authorization
Function: Manager
Starting date:
1998-07-01
Date of birth:
1968-01-15, Oud-Beijerland, NL
M.M. Kok (Michel
Maurice)
Competence:
Limited authorization
Function: Manager
Starting date:
1999-07-01
Date of birth:
1962-03-21,
P. Veltenaar
(Peter)
Competence:
Limited authorization
Function: Manager
Starting date:
2000-01-01
Date of birth:
1961-03-11,
Active management
Y. Gottesmann
(Yoav)
Function:
Commissaris
Starting date:
2002-09-17
Date of birth:
1952-08-04,
Involved with the
following companies
Beursplein 3710e
etage
3011AA
Registration
number: 24191858
Function:
Commissaris
B.H. Stuivinga
(Bernard Hendrik)
Function:
Commissaris
Starting date:
2002-09-17
Date of birth:
1956-02-11, Uithuizen, NL
Involved with the
following companies
Beursplein 3710e
etage
3011AA
Registration
number: 24191858
Function:
Commissaris
E.P. Rietkerk
(Erik Peter)
Function:
Commissaris
Starting date:
2013-11-05
Date of birth:
1960-05-05,
Involved with the
following companies
Beursplein 3710e
etage
3011AA
Registration
number: 24191858
Function: Manager
R. Baas (Roland)
Competence:
Limited authorization
Function: Proxy
Starting date:
2004-06-01
Date of birth:
1957-06-19,
A. Berisa (Albert)
Competence:
Limited authorization
Function: Proxy
Starting date: 2006-01-01
Date of birth:
1970-10-09,
F. van der Pijl
(Feike)
Competence:
Limited authorization
Function: Proxy
Starting date:
2012-01-01
Date of birth:
1972-10-20,
R.S.D. Janssen
(Robbert Steven Diederick)
Competence:
Limited authorization
Function: Proxy
Starting date:
2013-01-01
Date of birth:
1973-08-25, Mijnsheerenland, NL
Employees
Total according to the Chamber of Commerce 38
|
Year |
2014 |
2012 |
|
Total |
38 |
59 |
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,52 |
0,58 |
0,55 |
0,60 |
0,82 |
|
Current ratio |
1,56 |
1,59 |
1,48 |
1,50 |
1,84 |
|
|
|||||
|
Working capital/ balance
total |
0,25 |
0,26 |
0,24 |
0,23 |
0,34 |
|
Equity / balance total |
0,47 |
0,46 |
0,41 |
0,31 |
0,55 |
|
Equity / Fixed assets |
1,58 |
1,49 |
1,51 |
1,04 |
2,18 |
|
Equity / liabilities |
0,89 |
0,85 |
0,68 |
0,49 |
1,21 |
|
Balance total / liabilities |
1,89 |
1,85 |
1,68 |
1,55 |
2,21 |
|
|
|||||
|
Working capital |
69.540.137 |
68.615.500 |
65.821.057 |
55.854.000 |
24.621.000 |
|
Equity |
130.833.730 |
121.935.141 |
111.914.040 |
74.802.000 |
39.382.000 |
|
Mutation equity |
7,30 |
8,95 |
49,61 |
89,94 |
12,85 |
|
Mutation short term
liabilities |
8,14 |
-15,47 |
22,88 |
280,81 |
|
|
|
|||||
|
Return on total assets (ROA) |
13,56 |
14,44 |
13,81 |
11,12 |
19,23 |
|
Return on equity (ROE) |
28,73 |
31,49 |
34,10 |
35,48 |
35,11 |
|
Gross profit margin |
6,88 |
6,93 |
7,14 |
7,92 |
7,99 |
|
Net profit margin |
4,69 |
4,56 |
4,58 |
4,13 |
6,40 |
|
|
|||||
|
Average collection ratio |
4,68 |
5,14 |
4,18 |
3,37 |
5,64 |
|
Average payment ratio |
9,15 |
9,01 |
7,59 |
6,25 |
11,26 |
|
Equity turnover ratio |
4,47 |
4,86 |
5,10 |
5,01 |
4,18 |
|
Total assets turnover ratio |
2,11 |
2,23 |
2,07 |
1,57 |
2,29 |
|
Fixed assets turnover ratio |
7,05 |
7,25 |
7,72 |
5,23 |
9,09 |
|
Inventory conversion ratio |
4,53 |
5,06 |
4,51 |
3,74 |
5,53 |
|
|
|||||
|
Turnover |
584.422.659 |
593.099.563 |
570.986.669 |
374.908.000 |
164.519.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
91.893.495 |
87.648.100 |
83.357.862 |
|
|
|
Operating result |
40.193.652 |
41.117.649 |
40.751.878 |
29.703.000 |
13.138.000 |
|
Net result after taxes |
27.384.508 |
27.027.146 |
26.151.631 |
15.476.000 |
10.532.000 |
|
|
|||||
|
Cashflow |
30.841.570 |
29.834.855 |
28.475.398 |
17.441.000 |
|
|
Gross profit |
|
|
|
374.908.000 |
164.519.000 |
|
EBIT |
40.193.652 |
41.117.649 |
40.751.878 |
29.703.000 |
13.138.000 |
|
EBITDA |
43.650.714 |
43.925.358 |
43.075.645 |
31.668.000 |
|
Summary
The 2013 financial result structure is a
postive working captial of 69.540.137 euro, which is in
agreement with 25 % of the total assets of the
company.
The working capital has increase with 1.35 %
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
1.56. 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
0.52. 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 68.615.500 euro, which is in
agreement with 26 % of the total assets of the
company.
The working capital has increased with 4.25 %
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
1.59. 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
0.58. A company with a Quick Ratio of less than
1 cannot currently pay back its current
liabilities
Financial statement
Remark annual
account The financial statements
shown in the report relate to the consolidated financial statements of the
group.
Type of annual account Consolidated
Annual account
Beursplein 3710e etage
3011AA
Registration number: 24191858
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 |
46.477.064 |
47.699.812 |
48.206.186 |
48.072.000 |
4.605.000 |
|
Other tangible fixed assets |
|
|
|
23.259.000 |
1.540.000 |
|
Tangible
fixed assets |
36.105.318 |
33.741.781 |
25.405.526 |
23.259.000 |
1.540.000 |
|
Associated and affliated
companies |
|
|
|
|
11.626.000 |
|
Other financial fixed assets |
|
|
|
297.000 |
320.000 |
|
Financial
fixed assets |
256.651 |
375.756 |
315.022 |
297.000 |
11.947.000 |
|
Fixed
assets |
82.839.033 |
81.817.349 |
73.926.734 |
71.628.000 |
18.092.000 |
|
|
|||||
|
Other stock |
|
|
|
100.282.000 |
29.757.000 |
|
Total stock |
129.117.338 |
117.178.091 |
126.639.326 |
100.282.000 |
29.757.000 |
|
Accounts receivable |
60.685.553 |
60.844.874 |
70.259.442 |
54.976.000 |
14.178.000 |
|
Other receivables |
3.172.307 |
5.010.147 |
4.938.139 |
5.044.000 |
435.000 |
|
Total
receivables |
63.857.860 |
65.855.021 |
75.197.581 |
60.019.000 |
14.613.000 |
|
Liquid funds |
1.381.426 |
998.701 |
528.238 |
6.671.000 |
9.430.000 |
|
accruals |
|
|
|
5.044.000 |
435.000 |
|
Current assets |
194.356.624 |
184.031.813 |
202.365.145 |
166.972.000 |
53.800.000 |
|
Total
assets |
277.195.657 |
265.849.162 |
276.291.879 |
238.600.000 |
71.892.000 |
|
|
|||||
|
Issued
capital |
|
|
|
9.186.000 |
7.351.000 |
|
Share premium reserve |
|
|
|
25.742.000 |
|
|
Other reserves |
|
|
|
-2.215.000 |
32.031.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Non-distributable profit |
|
|
|
42.090.000 |
|
|
Total
reserves |
|
|
|
65.617.000 |
32.031.000 |
|
Total
equity |
130.833.730 |
121.935.141 |
111.914.040 |
74.802.000 |
39.382.000 |
|
|
|||||
|
Provisions |
7.255.342 |
12.363.436 |
4.337.411 |
9.723.000 |
|
|
Long term interest yielding
debt |
14.290.098 |
16.134.272 |
23.496.340 |
19.902.000 |
2.523.000 |
|
Financial debts |
|
|
|
19.902.000 |
2.523.000 |
|
Tax liabilities |
|
|
|
|
809.000 |
|
Other long term liabilities |
|
|
|
23.055.000 |
809.000 |
|
Long term
liabilities |
14.290.098 |
16.134.272 |
23.496.340 |
42.957.000 |
3.332.000 |
|
Accounts payable |
32.807.582 |
33.425.974 |
31.607.512 |
30.822.000 |
|
|
Liabilities towards credit
institutes |
|
|
|
59.990.000 |
13.610.000 |
|
Short term interest yielding
debt |
|
|
|
59.990.000 |
13.610.000 |
|
Tax liabilities |
|
|
|
5.425.000 |
2.234.000 |
|
Other short term liabilities |
92.008.905 |
81.990.339 |
104.936.576 |
14.881.000 |
13.335.000 |
|
Short term
liabilities |
124.816.487 |
115.416.313 |
136.544.088 |
111.118.000 |
29.179.000 |
|
Total short
and long term liabilities |
146.361.927 |
143.914.021 |
164.377.839 |
154.075.000 |
32.511.000 |
|
Total
liabilities |
277.195.657 |
265.849.162 |
276.291.879 |
238.600.000 |
71.892.000 |
Summary
The total assets of the company increased with
4.27 % between 2012 and 2013.
The fixed asset growth of 1.25 % is lower than
the total asset growth.
The asset growth has mainly been financed by a
Net Worth increase of 7.3 %. Debt,
however, grew with 1.7 %.
In 2013 the assets of the company were 29.88 %
composed of fixed assets and 70.12 % by
current assets. The assets are being financed
by an equity of 47.2 %, and total debt of 52.8
%.
The total assets of the company decreased with
-3.78 % between 2011 and 2012.
Despite the total assets decrease, non current
assets grew with 10.67 %.
The asset reduction is in contrast with the
equity growth of 8.95 %. Due to this the total debt
decreased with -12.45 %.
In 2012 the assets of the company were 30.78 %
composed of fixed assets and 69.22 % by
current assets. The assets are being financed
by an equity of 45.87 %, and total debt of
54.13 %
Profit and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
584.422.659 |
593.099.563 |
570.986.669 |
374.908.000 |
164.519.000 |
|
Net
turnover |
584.422.659 |
593.099.563 |
570.986.669 |
374.908.000 |
164.519.000 |
|
|
|||||
|
Gross
margin |
91.893.495 |
87.648.100 |
83.357.862 |
|
|
|
|
|||||
|
Wages and salaries |
33.248.472 |
29.823.964 |
28.455.838 |
18.619.000 |
|
|
Amorization and depreciation |
3.457.062 |
2.807.709 |
2.323.767 |
1.965.000 |
|
|
Sales |
492.529.164 |
505.451.463 |
487.628.807 |
|
|
|
other operating costs |
14.994.309 |
13.898.778 |
11.826.379 |
9.972.000 |
5.697.000 |
|
Production costs |
|
|
|
|
4.793.000 |
|
Raw materials and
consumables |
|
|
|
314.648.000 |
140.891.000 |
|
Operating expenses |
544.229.007 |
551.981.914 |
530.234.791 |
345.205.000 |
151.381.000 |
|
Result in subsidiaries |
|
|
|
|
635.000 |
|
Operating
result |
40.193.652 |
41.117.649 |
40.751.878 |
29.703.000 |
13.138.000 |
|
|
|||||
|
Financial income |
22.294 |
161.407 |
500.425 |
254.000 |
353.000 |
|
Financial expenses |
2.630.490 |
2.881.712 |
3.091.249 |
3.416.000 |
298.000 |
|
Financial result |
-2.608.196 |
-2.720.305 |
-2.590.824 |
-3.162.000 |
55.000 |
|
Result on
ordinary operations before taxes |
37.585.456 |
38.397.344 |
38.161.054 |
26.541.000 |
13.828.000 |
|
|
|||||
|
Taxation on the result of
ordinary activities |
10.200.948 |
11.370.198 |
11.375.673 |
8.310.000 |
3.296.000 |
|
Result of
ordinary activities after taxes |
27.384.508 |
27.027.146 |
26.785.381 |
18.231.000 |
10.532.000 |
|
|
|||||
|
Extraordinary expense |
|
|
633.750 |
2.755.000 |
|
|
Extraordinary result after
taxation |
|
|
-633.750 |
-2.755.000 |
|
|
Net result |
27.384.508 |
27.027.146 |
26.151.631 |
15.476.000 |
10.532.000 |
Summary
The turnover of the company decreased by -1.46
% between 2012 and 2013.
The gross profit of the company grew with 4.84
% between 2012 and 2013.
The operating result of the company declined
with -2.25 % 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 -6.09 %
of the analysed period, being equal to 2012 %
in the year 2013.
This fall has contributed to a asset turnover
decrease, whose index evolved from -5.38 to a
level of 2.11.
The Net Result of the company decreased by
1.32 % 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 -8.76 % of the analysed period, being 28.73
% in the year 2013.
The company's financial profitability has been
positively affected by its financial structure.
The turnover of the company grew with 3.87 %
between 2011 and 2012.
The gross profit of the company grew with 5.15
% between 2011 and 2012.
The operating result of the company in 2011 is
equal to the result in 2012. This evolution
implies an unchanged economic profitability of
the company.
The result of these changes is an increase of
the company's Economic Profitability of 4.56 %
of the analysed period, being equal to 2011 %
in the year 2012.
This growth has contributed to the increase in
assets turnover, increasing by 7.73 % reaching
2.23.
The Net Result of the company decreased by
3.35 % 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 -7.65 % of the analysed period, being 31.49
% 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 Groot
In the
In the region Groot
In the
In the region Groot
The risk of this specific sector in the
The risk of this specific sector in the
region Groot
Publications
Consent statements 09-05-2013:
Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.
15-06-2012: Voor
boekjaar 2011 is een instemmingsverklaring gedeponeerd.
31-05-2011: Voor
boekjaar 2010 is een instemmingsverklaring gedeponeerd.
Functions 14-02-2014:
Per 05-11-2013 is commissaris Erik Peter Rietkerk in functie getreden.
11-12-2013: Per 01-01-2013 is gevolmachtigde
Robbert Steven Diederick Janssen in functie getreden.
11-12-2013: Per 01-01-2012 is gevolmachtigde
Feike van der Pijl in functie getreden.
Amendments 03-02-2014:
Per 29-1-2014 statuten gewijzigd.
Company structure
Relations 19
Beursplein 3710e etage
3011AA
Registration number: 24191858
Catz International B.V.
Blaak 22
3011TA
Registration number: 240261750000
Bercatz B.V.
Blaak 22
3011TA
Registration number: 241958990000
Tovano B.V.
Transportweg 47
2676LM MAASDIJK
Registration number: 270550890000
Expeditiebedrijf en Reisbureau "Flowerland"
B.V.
Blaak 22
3011TA
Registration number: 240971670000
Indoca N.V.
Postbus 180
3000AD
Registration number: 241059420000
Marimport B.V.
Blaak 22
3011TA
Registration number: 241233180000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.42 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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 SCs 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.