MIRA INFORM REPORT
|
Report No. : |
316743 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
IMRES B.V. |
|
|
|
|
Registered Office : |
Larserpoortweg 26 8218NK Lelystad |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1991 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 08023514 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
|
|
|
|
No. of Employee : |
32 |
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 : |
Good |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 IMRES B.V.
Operative
address Larserpoortweg 26
8218NK Lelystad
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 08023514
VAT-number
008551601
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
641.628 |
16,59 |
550.305 |
-23,33 |
717.730 |
|
Total receivables |
12.067.621 |
9,71 |
10.999.859 |
41,64 |
7.765.900 |
|
Total equity |
9.522.615 |
9,49 |
8.697.268 |
21,48 |
7.159.369 |
|
Short term liabilities |
7.895.944 |
9,61 |
7.203.383 |
34,00 |
5.375.669 |
|
Net result |
4.825.347 |
-9,18 |
5.312.899 |
35,93 |
3.908.490 |
|
Working capital |
9.050.230 |
9,70 |
8.250.057 |
24,67 |
6.617.717 |
|
Quick ratio |
1,54 |
|
1,54 |
6,21 |
1,45 |
Contact
information
Company
name Imres B.V.
Trade
names Imres B.V.
Operative
address Larserpoortweg 26
8218NK Lelystad
Netherlands
Correspondence
address Postbus 214
8200AE Lelystad
Netherlands
Telephone
number 0320296969
Fax
number 0320296929
Email
address imres@imres.nl
Website
www.imres.nl
Registration
Registration
number KvK-nummer: 08023514
Branch
number 000019164076
VAT-number
008551601
Status
Active
First
registration
company
register 1991-06-05
Memorandum
1991-05-28
Establishment
date 1991-01-01
Legal
form Private Company
Last
proposed admendment 2014-10-22
Issued
placed capital EUR 18.151
Paid
up share capital EUR 18.151
Activities
SBI
Wholesale of pharmaceutical
goods (46461)
Exporter
Yes
Importer
Yes
Goal De import en export van
medische- en farmaceutische artikelen, een en ander in de ruimste zin.
Relations
Companies
on same address Almires B.V.
Registration number:
080872580000
Holden Medical B.V.
Registration number: 080593750000
Shelter B.V.
Registration number: 080618350000
Stichting Administratiekantoor Voskuil
Registration number: 410418410000
Stichting Instituut voor
Ontwikkelingsopdrachten
Registration number: 412232840000
Imres Holding B.V.
Registration number: 321648830000
Stichting Administratiekantoor van Aandelen
in Imres Holding B.V.
Registration number: 516230210000
Nash Beheer B.V.
Registration number: 515134200000
Management
Active management N.F. Zee (Nico Frederic)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1991-05-28
Date of birth: 1955-02-17, Eindhoven, NL
G. Schutte (Geert)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2012-03-02
Date of birth: 1968-02-16, Amsterdam, NL
T. Schulz (Thomas)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1968-04-04, Hannover, DE
Involved with the following companies
• Imperial Logistics International B.V.
Waalbandijk 121
6651KB Druten
Netherlands
Registration number: 539185840000
Function: Manager
• Wijnhoff & Van Gulpen & Larsen
B.V.
Waalbandijk 123
6651KB Druten
Netherlands
Registration number: 100261530001
Function: Commissaris
• Rijnaarde Global Trading & Logistics
B.V.
Platinawerf 20e
6641TL Beuningen Gld
Netherlands
Registration number: 091036930000
Function: Commissaris
M. Akoojee (Mohammed)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1979-01-03, Zeerust, ZA
Active management
L.R. Barton (Lain Ross)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1964-03-31, Scotland, NL
J.G. De Beer (Johannes George)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1973-06-25, Johannesberg, ZA
M. Swanepoel (Marius)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1960-10-15, Beaufort West, ZA
F.C. Truter (Frederick Christoffel)
Netherlands
Function: Commissaris
Starting date: 2014-10-22
Date of birth: 1967-02-05, Paarl, NL
J.S. Kleijburg (Jannetje Suzanna)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-10-02
Date of birth: 1963-02-20, Vierpolders, NL
G.J. van den Bosch (Gerina Janine)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1996-06-17
Date of birth: 1971-05-07, Oldebroek, NL
Employees
|
Total according to the Chamber of Commerce |
32 |
|
|
|
|
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
32 |
58 |
32 |
39 |
32 |
Payments
Description Payments
are made regularly no complaints are known
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
1,54 |
1,54 |
1,45 |
0,86 |
1,12 |
|
Current ratio |
2,15 |
2,15 |
2,23 |
1,35 |
1,55 |
|
Working capital/ balance total |
0,51 |
0,52 |
0,52 |
0,24 |
0,34 |
|
Equity / balance total |
0,54 |
0,54 |
0,56 |
0,28 |
0,38 |
|
Equity / Fixed assets |
14,84 |
15,80 |
9,98 |
5,49 |
8,57 |
|
Equity / liabilities |
1,18 |
1,19 |
1,29 |
0,40 |
0,60 |
|
Balance total / liabilities |
2,18 |
2,19 |
2,29 |
1,40 |
1,60 |
|
Working capital |
9.050.230 |
8.250.057 |
6.617.717 |
2.802.817 |
3.966.973 |
|
Equity |
9.522.615 |
8.697.268 |
7.159.369 |
3.250.879 |
4.401.257 |
|
Mutation equity |
9,49 |
21,48 |
120,23 |
-26,14 |
22,08 |
|
Mutation short term liabilities |
9,61 |
34,00 |
-33,48 |
12,18 |
16,75 |
|
Return on total assets (ROA) |
36,69 |
44,17 |
40,70 |
38,96 |
31,92 |
|
Return on equity (ROE) |
67,76 |
81,28 |
72,26 |
137,54 |
84,73 |
|
Gross margin |
11.222.804 |
11.426.287 |
9.204.465 |
8.161.279 |
6.964.952 |
|
Operating result |
6.687.484 |
7.235.798 |
5.484.563 |
4.626.522 |
3.911.738 |
|
Net result after taxes |
4.825.347 |
5.312.899 |
3.908.490 |
3.349.622 |
2.796.129 |
|
Cashflow |
4.972.493 |
5.470.671 |
4.058.029 |
3.502.442 |
2.875.332 |
|
EBIT |
6.687.484 |
7.235.798 |
5.484.563 |
4.626.522 |
3.911.738 |
|
EBITDA |
6.834.630 |
7.393.570 |
5.634.102 |
4.779.342 |
3.990.941 |
Summary The 2013 financial result structure is a postive working captial of
9.050.230 euro, which is in
agreement with 51 %
of the total assets of the company.
The working capital
has increase with 9.7 % 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 an increase of the
current assets.
The current ratio of
the company in 2013 was 2.15. 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 1.54. 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 8.250.057 euro, which is in
agreement with 52 %
of the total assets of the company.
The working capital
has increased with 24.67 % compared to previous year. The ratio with
respect to the total
assets of the company remains unchanged.
The improvement
between 2011 and 2012 has mainly been caused by a current liabilities
reduction.
The current ratio of
the company in 2012 was 2.15. 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 1.54. A company with a Quick Ratio of more than
1 can currently pay
back its current liabilities.
Financial
statement
Last
annual account 2013
Remark
annual account The company is obliged to
file its financial statements.
Type
of annual account Corporate
Annual
account Imres B.V.
Larserpoortweg 26
8218NK Lelystad
Netherlands
Registration number: 080235140000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Tangible fixed assets |
591.973 |
540.303 |
552.700 |
571.480 |
406.216 |
|
Financial fixed assets |
49.655 |
10.002 |
165.030 |
20.935 |
107.077 |
|
Fixed assets |
641.628 |
550.305 |
717.730 |
592.415 |
513.293 |
|
Total stock |
4.775.322 |
4.395.146 |
4.190.478 |
3.945.283 |
3.128.935 |
|
Total receivables |
12.067.621 |
10.999.859 |
7.765.900 |
6.797.734 |
7.803.722 |
|
Liquid funds |
103.231 |
58.435 |
37.008 |
140.897 |
238.180 |
|
Current assets |
16.946.174 |
15.453.440 |
11.993.386 |
10.883.914 |
11.170.837 |
|
Total assets |
17.587.802 |
16.003.745 |
12.711.116 |
11.476.329 |
11.684.130 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
9.504.464 |
8.679.117 |
7.141.218 |
3.232.728 |
4.383.106 |
|
Total reserves |
9.504.464 |
8.679.117 |
7.141.218 |
3.232.728 |
4.383.106 |
|
Total equity |
9.522.615 |
8.697.268 |
7.159.369 |
3.250.879 |
4.401.257 |
|
Provisions |
133.118 |
100.000 |
160.609 |
116.509 |
79.009 |
|
Long term interest yielding debt |
36.125 |
3.094 |
15.469 |
27.844 |
|
|
Long term liabilities |
36.125 |
3.094 |
15.469 |
27.844 |
|
|
Short term liabilities |
7.895.944 |
7.203.383 |
5.375.669 |
8.081.097 |
7.203.864 |
|
Total short and long term liabilities |
8.065.187 |
7.306.477 |
5.551.747 |
8.225.450 |
7.282.873 |
|
Total liabilities |
17.587.802 |
16.003.745 |
12.711.116 |
11.476.329 |
11.684.130 |
Summary
The total assets of the company increased with
9.9 % between 2012 and 2013.
The total asset increase is retrievable in
the fixed asset growth of 16.59 %.
The asset growth has mainly been financed by
a debt increase of 10.38 %. The Net Worth,
however, grew with 9.49 %.
In 2013 the assets of the company were 3.65 %
composed of fixed assets and 96.35 % by
current assets. The assets are being financed
by an equity of 54.14 %, and total debt of
45.86 %.
The total assets of the company increased
with 25.9 % between 2011 and 2012.
Despite the assets growth, the non current
assets decreased with -23.33 %.
The asset growth has mainly been financed by
a debt increase of 31.61 %. The Net Worth,
however, grew with 21.48 %.
In 2012 the assets of the company were 3.44 %
composed of fixed assets and 96.56 % by
current assets. The assets are being financed
by an equity of 54.35 %, and total debt of
45.65 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
11.222.804 |
11.426.287 |
9.204.465 |
8.161.279 |
6.964.952 |
|
Wages and salaries |
3.032.819 |
2.726.111 |
2.411.904 |
1.980.031 |
1.802.791 |
|
Amorization and depreciation |
147.146 |
157.772 |
149.539 |
152.820 |
79.203 |
|
other operating costs |
1.355.355 |
1.306.606 |
1.158.459 |
1.401.906 |
1.171.220 |
|
Operating expenses |
4.535.320 |
4.190.489 |
3.719.902 |
3.534.757 |
3.053.214 |
|
Operating result |
6.687.484 |
7.235.798 |
5.484.563 |
4.626.522 |
3.911.738 |
|
Financial income |
61 |
|
|
|
|
|
Financial expenses |
234.611 |
|
311.208 |
|
182.528 |
|
Financial result |
-234.550 |
-166.844 |
-311.208 |
-155.357 |
-182.528 |
|
Result on ordinary operations before taxes |
6.452.934 |
7.068.954 |
5.173.355 |
4.471.165 |
3.729.210 |
|
Taxation on the result of ordinary activities |
1.627.587 |
1.756.055 |
1.264.865 |
1.125.119 |
931.589 |
|
Result of ordinary activities after taxes |
4.825.347 |
5.312.899 |
3.908.490 |
3.346.046 |
2.797.621 |
|
Result subsidiaries after taxes |
|
|
|
3.576 |
-1.492 |
|
Net result |
4.825.347 |
5.312.899 |
3.908.490 |
3.349.622 |
2.796.129 |
Summary The gross profit of the company decreased by
-1.78 % between 2012 and 2013.
The operating result of the company declined
with -7.58 % 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 -16.93
% of the analysed period, being equal to 2012
% in the year 2013.
The Net Result of the company increased by
-9.18 % between 2012 and 2013.
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
-16.63 % of the analysed period, being 67.76
% in the year 2013.
The company's financial profitability has been
positively affected by its financial structure.
The gross profit of the company grew with
24.14 % between 2011 and 2012.
The operating result of the company grew with
31.93 % between 2011 and 2012. This
evolution implies an increase of the
company's economic profitability.
The result of these changes is an increase of
the company's Economic Profitability of 8.53 %
of the analysed period, being equal to 2011 %
in the year 2012.
The Net Result of the company decreased by
35.93 % 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 12.48 % of the analysed period, being
81.28 % in the year 2012.
The company's financial structure has slowed down its financial
profitability.
Analysis
Branch
(SBI) Wholesale trade (no motor
vehicles and motorcycles) (46)
Region
Flevoland
In the Netherlands 109662 of the companies are registered with the SBI
code 46
In the region Flevoland 2943 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 Flevoland 95 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 Flevoland is normal
Publications
Filings
04-08-2014: De jaarrekening
over 2013 is gepubliceerd.
01-07-2013: De jaarrekening over 2012 is
gepubliceerd.
10-08-2012: De jaarrekening over 2011 is
gepubliceerd.
31-08-2011: De jaarrekening over 2010 is
gepubliceerd.
16-09-2010: De jaarrekening over 2009 is
gepubliceerd.
Functions 03-11-2014: Per 22-10-2014 is commissaris
Frederick Christoffel Truter in functie getreden.
03-11-2014: Per 22-10-2014 is commissaris
Marius Swanepoel in functie getreden.
03-11-2014: Per 22-10-2014 is commissaris
Johannes George De Beer in functie getreden.
03-11-2014: Per 22-10-2014 is commissaris
Thomas Schulz in functie getreden.
03-11-2014: Per 22-10-2014 is commissaris
Lain Ross Barton in functie getreden.
03-11-2014: Per 22-10-2014 is commissaris
Mohammed Akoojee in functie getreden.
25-10-2013: Per 01-10-2013 is gevolmachtigde
Maria Jacoba Hermien Franssen uit functie getreden.
05-03-2012: Per 02-03-2012 is bestuurder
Geert Schutte in functie getreden.
05-03-2012: Per 02-03-2012 is gevolmachtigde
Maria Jacoba Hermien Franssen in functie getreden.
05-03-2012: Per 02-03-2012 is gevolmachtigde
Geert Schutte uit functie getreden.
05-03-2012: Per 02-03-2012 is gevolmachtigde
Hendrika Jacoba Mijnheer-van der Heiden uit functie getreden.
Amendments
03-11-2014: Per 22-10-2014
statuten gewijzigd.
Company
structure
Relations
8
Stichting
Administratiekantoor van Aandelen in Imres Holding B.V.
Larserpoortweg
26
8218NK
LELYSTAD
Netherlands
Registration
number: 516230210000
•
Imres Holding B.V.
Larserpoortweg
26
8218NK
LELYSTAD
Netherlands
Registration
number: 321648830000
•
Imres B.V.
Larserpoortweg
26
8218NK
Lelystad
Netherlands
Registration
number: 080235140000
•
Iris Medical B.V.
Larserpoortweg
26
8218NK
LELYSTAD
Netherlands
Registration
number: 390926990000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.