MIRA INFORM REPORT

 

 

Report No. :

318438

Report Date :

20.04.2015

 

IDENTIFICATION DETAILS

 

Name :

KARL RAPP ROTTERDAM B.V.

 

 

Registered Office :

Malledijk 3Loods 12-15 3208LA Spijkenisse

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

31.08.1954

 

 

Com. Reg. No.:

24085918

 

 

Legal Form :

Private Company

 

 

Line of Business :

Forwarding agencies

 

 

No. of Employees :

21

 

 

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 – 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, 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.

 

Source : CIA

Company Summary

 

KARL RAPP ROTTERDAM B.V.

 

Operative address         Malledijk 3Loods 12-15

3208LA Spijkenisse

Netherlands

 

Legal form                    Private Company

Registration number      KvK-nummer: 24085918

VAT-number                  007139779

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

215.997

8,95

198.255

24,30

159.493

Total receivables

2.168.032

19,69

1.811.438

-11,42

2.044.942

Total equity

1.268.151

 

1.268.151

13,42

1.118.151

Short term liabilities

2.682.709

-9,84

2.975.530

-13,60

3.443.800

Working capital

1.052.154

-1,66

1.069.896

11,60

958.658

Quick ratio

1,39

2,21

1,36

6,25

1,28

Year

2013

Mutation

2012

Mutation

2011

 

 

 

 

Contact information

 

 

Company name                                     Karl Rapp Rotterdam B.V.

Trade names                                         Karl Rapp Rotterdam B.V.

Operative address                                 Malledijk 3Loods 12-15

3208LA Spijkenisse

Netherlands

Correspondence address                       Postbus 425

3200AK Spijkenisse

Netherlands

Telephone number                                 0181603333

Fax number                                           0181690490

Email address                                       info@karlrapp.nl

Website                                                www.karlrapp.nl

 

 

Registration

 

Registration number                              KvK-nummer: 24085918

Branch number                                      000016344464

VAT-number                                          007139779

Status                                                   Active

First registration company register         1985-11-15

Memorandum                                        1985-10-18

Establishment date                                1954-08-31

Legal form                                            Private Company

Issued placed capital                             EUR 18.151

Paid up share capital                             EUR 18.151

 

 

Activities

 

SBI                                                       Forwarding agencies (52291)

Exporter                                               No

Importer                                                No

Goal                                                     De uitoefening van het expeditie-, bevrachtings- en opslagbedrijf, alles in de ruimste zin.

 

 

Relations

 

Shareholders                                         Th. Corthaus Beheer B.V.

Straatweg 125

3054AC ROTTERDAM

Netherlands

Registration number: 241664660000

Percentage: 100%

 

 

management

 

Active management                               Th. Corthaus Beheer B.V.

Straatweg 125

3054AC ROTTERDAM

Netherlands

Registration number: 241664660000

Competence: Fully authorized

Function: Manager

Starting date: 1995-01-30

D. Maasland (Dennis)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-06-01

Date of birth: 1972-07-19, Rotterdam, NL

F. van der Gevel (Franciscus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-08-01

Date of birth: 1962-07-20, Rotterdam, NL

 

 

Employees

 

Total according to the Chamber of Commerce                21

 

Year

2015

2012

2011

2010

2009

 

 

 

 

 

 

Total

21

21

21

25

21

 

 

 

Payments

 

Description                                           Overeenkomstig conditie

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,39

1,36

1,28

1,36

1,20

Current ratio

1,39

1,36

1,28

1,36

1,20

Working capital/ balance total

0,27

0,25

0,21

0,25

0,16

 

 

Year

2013

2012

2011

2010

2009

Equity / balance total

0,32

0,30

0,25

0,31

0,22

Equity / Fixed assets

5,87

6,40

7,01

5,81

3,40

Equity / liabilities

0,47

0,43

0,32

0,44

0,28

Balance total / liabilities

1,47

1,43

1,32

1,44

1,28

 

 

 

 

 

 

Working capital

1.052.154

1.069.896

958.658

764.324

446.796

Equity

1.268.151

1.268.151

1.118.151

923.103

623.103

Mutation equity

 

13,42

21,13

48,15

33,10

Mutation short term liabilities

-9,84

-13,60

63,87

-5,00

21,01

 

Summary

 

The 2013 financial result structure is a postive working captial of 1.052.154 euro, which is in agreement with 27 % of the total assets of the company.

The working capital has diminished with -1.66 % 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 1.39. 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 1.39. 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 1.069.896 euro, which is in agreement with 25 % of the total assets of the company.

The working capital has increased with 11.6 % 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 1.36. 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 1.36. 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                                                 Karl Rapp Rotterdam B.V.

Malledijk 3Loods 12-15

3208LA Spijkenisse

Netherlands

Registration number:                             240859180000

 

 

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

215.997

198.255

159.493

158.779

183.190

Fixed assets

215.997

198.255

159.493

158.779

183.190

Total receivables

2.168.032

1.811.438

2.044.942

1.800.236

1.482.824

Liquid funds

1.566.831

2.233.988

2.357.516

1.065.642

1.176.193

Current assets

3.734.863

4.045.426

4.402.458

2.865.878

2.659.017

Total assets

3.950.860

4.243.681

4.561.951

3.024.657

2.842.207

Issued capital

18.151

18.151

18.151

18.151

18.151

Other reserves

1.250.000

1.250.000

1.100.000

904.952

604.952

Total reserves

1.250.000

1.250.000

1.100.000

904.952

604.952

Total equity

1.268.151

1.268.151

1.118.151

923.103

623.103

Provisions

 

 

 

 

6.883

Short term liabilities

2.682.709

2.975.530

3.443.800

2.101.554

2.212.221

Total short and long term liabilities

2.682.709

2.975.530

3.443.800

2.101.554

2.219.104

Total liabilities

3.950.860

4.243.681

4.561.951

3.024.657

2.842.207

 

Summary

 

The total assets of the company decreased with -6.9 % between 2012 and 2013.

Despite the total assets decrease, non current assets grew with 8.95 %.

Assets reduction is being explained by an indebtedness decrease -9.84 % while the Net Worth remains unchanged.

In 2013 the assets of the company were 5.47 % composed of fixed assets and 94.53 % by current assets. The assets are being financed by an equity of 32.1 %, and total debt of 67.9 %.

The total assets of the company decreased with -6.98 % between 2011 and 2012.

Despite the total assets decrease, non current assets grew with 24.3 %.

The asset reduction is in contrast with the equity growth of 13.42 %. Due to this the total debt decreased with -13.6 %.

In 2012 the assets of the company were 4.67 % composed of fixed assets and 95.33 % by current assets. The assets are being financed by an equity of 29.88 %, and total debt of 70.12 %.

 

 

 

Analysis

 

 

Analysis

 

Branch (SBI)                              Warehousing and support activities for transportation (52)

Region                                      Groot Rotterdam

In the Netherlands 9324 of the companies are registered with the SBI code 52

In the region Groot Rotterdam 2212 of the companies are registered with the SBI code 52

In the Netherlands 202 of the bankrupcties are published within this sector

In the region Groot Rotterdam 41 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 Groot Rotterdam is normal

 

Publications

 

Filings                                      09-10-2014: De jaarrekening over 2013 is gepubliceerd.

18-06-2013: De jaarrekening over 2012 is gepubliceerd.

25-06-2012: De jaarrekening over 2011 is gepubliceerd.

19-07-2011: De jaarrekening over 2010 is gepubliceerd.

05-07-2010: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Relations                                  4

Stichting Administratiekantoor Th. Corthaus Beheer

Straatweg 125

3054AC ROTTERDAM

Netherlands

Registration number: 243416730000

 

• Th. Corthaus Beheer B.V.

Straatweg 125

3054AC ROTTERDAM

Netherlands

 

Registration number: 241664660000

• Karl Rapp Rotterdam B.V.

Malledijk 3Loods 12-15

3208LA Spijkenisse

Netherlands

Registration number: 240859180000

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.37

UK Pound

1

Rs.93.10

Euro

1

Rs.67.13

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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.