MIRA INFORM REPORT
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Report No. : |
317408 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
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Name : |
STOCKX METAL TRADING B.V. |
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|
|
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Registered Office : |
Metaalhof 60 3067GM Rotterdam |
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|
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
13.09.1989 |
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Com. Reg. No.: |
17066196 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale of non-ferrous metals and non-ferrous semi-finished
products |
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|
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC
OVERVIEW
Netherlands, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. Industry focuses on 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 food-processing and export. 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 injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.
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Source
: CIA |
company
Summary
Company name Stockx Metal Trading B.V.
Operative address Metaalhof 60
3067GM Rotterdam
Netherlands
Legal form Private Company
Registration number KvK-nummer: 17066196
VAT-number 800442714
|
Year |
2013 |
Mutation 1 |
2012 |
Mutation |
2011 |
|
Fixed assets |
210.257 |
-20,15 |
263.329 |
-14,64 |
308.493 |
|
Total receivables |
100.311 |
-90,00 |
1.003.254 |
-33,33 |
1.504.721 |
|
Total equity |
921.209 |
-53,11 |
1.964.556 |
19,65 |
1.641.945 |
|
Short term liabilities |
1.061.342 |
73,50 |
611.707 |
-44,95 |
1.111.098 |
|
Working capital |
960.952 |
-43,51 |
1.701.227 |
27,58 |
27,58 1.333.452 |
|
Quick ratio |
0,10 |
-95,73 |
2,34 |
49,04 |
1,57 |
Contact
information
Company name Stockx Metal Trading B.V.
Trade names Stockx Metal Trading B.V.
Operative address Metaalhof 60
3067GM Rotterdam
Netherlands
Correspondence address Metaalhof 60
3067GM Rotterdam
Netherlands
Telephone number 0103110500
Fax number 0103110501
Email address info@stockx-metal.com
Website www.stockx-metal.com
Registration
Registration number KvK-nummer: 17066196
Branch number 000003566692
VAT-number 800442714
Status Active
First registration company register 1989-09-15
Memorandum 1989-09-13
Establishment date 1989-09-13
Legal form Private Company
Last proposed admendment 1993-07-19
Issued placed capital EUR 45.378
Paid up share capital EUR 45.378
Activities
SBI Wholesale of non-ferrous metals and non-ferrous semi-finished products (46723)
Exporter Yes
Importer Yes
Goal Handel in non-ferro metalen en halffabrikaten; Aluminium recycling en smelten van aluminium
Relations
Companies on same address Businessclub Prins Alexander
Registration number: 243477200000
D. en P. van Beek
Registration number: 240554160000
Lievaart Vormgeving en Communicatie V.O.F.
Registration number: 241797710000
P. van Beek Belettering
Registration number: 243292930000
Van Beek Reclame
Registration number: 243592130000
D. en P. van Beek
Registration number: 529186450000
Stichting Zaken op de Rails
Registration number: 600244450000
Liability statements Van Hout Holding B.V.
Korte Beemd 4-6
5705BL HELMOND
Netherlands
Registration number: 170666680000
End date: 2009-12-31
Management
Active management M.J. Hendriks (Marcus Josephus)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2011-01-03
Date of birth: 1969-12-16, Rotterdam, NL
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
3 |
33 |
3 |
3 |
3 |
Payments
Description Met enige vertraging
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,10 |
2,34 |
1,57 |
0,72 |
0,72 |
|
Current ratio |
1,91 |
3,78 |
2,20 |
1,68 |
1,31 |
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|||||
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Working capital/ balance total |
0,43 |
0,66 |
0,48 |
0,36 |
0,20 |
|
Equity / balance total |
0,41 |
0,76 |
0,60 |
0,42 |
0,35 |
|
Equity / Fixed assets |
4,38 |
7,46 |
5,32 |
3,93 |
2,33 |
|
Equity / liabilities |
0,70 |
3,21 |
1,48 |
0,71 |
0,55 |
|
Balance total / liabilities |
1,70 |
4,21 |
2,48 |
1,71 |
1,55 |
|
Working capital |
960.952 |
1.701.227 |
1.333.452 |
1.094.863 |
423.485 |
|
Equity |
921.209 |
1.964.556 |
1.641.945 |
1.257.755 |
742.222 |
|
Mutation equity |
-53,11 |
19,65 |
30,55 |
69,46 |
238,91 |
|
Mutation short term liabilities |
73,50 |
-44,95 |
-31,19 |
19,71 |
-41,81 |
Summary
The 2013 financial result structure is a postive working captial of 960.952 euro, which is in agreement with 43 % of the total assets of the company.
The working capital has diminished with -43.51 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2012 and 2013 has mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2013 was 1.91. 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 0.1. 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 1.701.227 euro, which is in agreement with 66 % of the total assets of the company.
The working capital has increased with 27.58 % 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 3.78. 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 2.34. A company with a Quick Ratio of more than ]1 can currently pay back its current liabilities.
Stockx Metal
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 Stockx Metal Trading B.V.
Metaalhof 60
3067GM Rotterdam
Netherlands
Registration number: 170661960000
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 |
205.466 |
245.825 |
301.734 |
310.567 |
318.737 |
|
Financial fixed
assets |
4.791 |
17.504 |
6.759 |
9.334 |
|
|
Fixed assets |
210.257 |
263.329 |
308.493 |
319.901 |
318.737 |
|
Total stock |
1.916.324 |
883.020 |
704.395 |
1.554.910 |
805.299 |
|
Total receivables |
100.311 |
1.003.254 |
1.504.721 |
717.413 |
806.393 |
|
Liquid funds |
5.659 |
426.660 |
235.434 |
437.271 |
160.653 |
|
Current assets |
2.022.294 |
2.312.934 |
2.444.550 |
2.709.594 |
1.772.345 |
|
Total assets |
2.232.551 |
2.576.263 |
2.753.043 |
3.029.495 |
2.091.082 |
|
Issued capital |
45.378 |
45.378 |
45.378 |
45.378 |
45.378 |
|
Other reserves |
875.831 |
1.919.178 |
1.596.567 |
1.212.377 |
696.844 |
|
Total reserves |
875.831 |
1.919.178 |
1.596.567 |
1.212.377 |
696.844 |
|
Total equity |
921.209 |
1.964.556 |
1.641.945 |
1.257.755 |
742.222 |
|
Long term interest yielding debt |
250.000 |
|
|
157.009 |
|
|
Long term
liabilities |
250.000 |
|
157.009 |
|
|
|
Short term
liabilities |
1.061.342 |
611.707 |
1.111.098 |
1.614.731 |
1.348.860 |
|
Total short and
long term liabilities |
1.311.342 |
611.707 |
1.111.098 |
1.771.740 |
1.348.860 |
|
Total liabilities |
2.232.551 |
2.576.263 |
2.753.043 |
3.029.495 |
2.091.082 |
Summary
The total assets of the company decreased with -13.34 % between 2012 and 2013.
This downturn is mainly retrievable in the fixed asset decrease of -20.15 %.
The asset reduction results in an equity decrease of -53.11 %. Despite the decrease, the indebtness increased with 114.37 %.
In 2013 the assets of the company were 9.42 % composed of fixed assets and 90.58 % by current assets. The assets are being financed by an equity of 41.26 %, and total debt of 58.74 %.
The total assets of the company decreased with -6.42 % between 2011 and 2012.
This downturn is mainly retrievable in the fixed asset decrease of -14.64 %.
The asset reduction is in contrast with the equity growth of 19.65 %. Due to this the total debt decreased with -44.95 %.
In 2012 the assets of the company were 10.22 % composed of fixed assets and 89.78 % by current assets. The assets are being financed by an equity of 76.26 %, and total debt of 23.74 %.
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
Filings 05-05-2014: De jaarrekening over 2013 is gepubliceerd.
17-04-2014: De jaarrekening over 2012 is gepubliceerd.
25-06-2012: De jaarrekening over 2011 is gepubliceerd.
22-07-2011: De jaarrekening over 2010 is gepubliceerd.
20-04-2010: De jaarrekening over 2009 is gepubliceerd.
Functions 29-04-2013: Per 24-04-2013 is bestuurder Alexander Maria Stockx uit functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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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 |
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-- |
NB |
New Business |
-- |
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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.