MIRA INFORM REPORT
|
Report No. : |
317866 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
VAN DALEN MOERDIJK B.V. |
|
|
|
|
Registered Office : |
Graanweg 18, 4782PP Moerdijk, |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.03.1996 |
|
|
|
|
Com. Reg. No.: |
20080354 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Preparation for recycling of scrap metals (except demolition of ships, cars, white goods, computers etc.). · Wholesale of iron and steel scrap and used nonferrous metals. |
|
|
|
|
No. of Employees : |
20 |
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 : |
Slow but correct |
|
|
|
|
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 |
Summary
|
Company name |
Van Dalen Moerdijk B.V. |
|
Operative
address |
Graanweg 18 |
|
|
4782PP Moerdijk |
|
|
Netherlands |
|
Status |
Active |
|
Legal form |
Private Company |
|
Registration
number |
KvK-nummer: 20080354 |
|
VAT-number |
804701805 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
1.103.621 |
-18,29 |
1.350.732 |
270,71 |
364.363 |
|
Total receivables |
14.732.630 |
86,14 |
7.914.700 |
-31,70 |
11.588.533 |
|
Total equity |
928.179 |
5.013,65 |
18.151 |
|
18.151 |
|
Short term liabilities |
21.247.652 |
24,93 |
17.007.738 |
-44,41 |
30.593.456 |
|
Net result |
-482.178 |
-134,63 |
1.392.206 |
-25,48 |
1.868.258 |
|
Working capital |
-155.992 |
87,10 |
-1.208.965 |
-268,65 |
-327.944 |
|
Quick ratio |
0,69 |
46,81 |
0,47 |
23,68 |
0,38 |
Contact
information
|
Company name |
Van Dalen Moerdijk B.V. |
|
Trade names |
Van Dalen Moerdijk B.V. |
|
|
|
|
Operative address |
Graanweg 18 |
|
|
4782PP Moerdijk |
|
|
Netherlands |
|
Correspondence address |
Postbus 56 |
|
|
4780AB Moerdijk |
|
|
Netherlands |
|
|
|
|
Telephone number |
0168330130 |
|
Fax number |
0168330138 |
|
Email address |
|
|
Website |
Registrations
|
Registration number |
KvK-nummer: 20080354 |
|
Branch number |
000019322542 |
|
VAT-number |
804701805 |
|
|
|
|
Status |
Active |
|
First registration company register |
1996-07-01 |
|
Memorandum |
1996-06-26 |
|
Legal form initiated |
Eenmanszaak |
|
Establishment date |
1996-03-01 |
|
|
|
|
Legal form |
Private Company |
|
Last proposed admendment |
2001-12-28 |
|
|
|
|
Issued placed capital |
EUR 18.151 |
|
Paid up share capital |
EUR 18.151 |
Activities
|
SBI |
Preparation for recycling of scrap metals (except demolition of ships,
cars, white goods, computers etc.) (383201) Wholesale of iron and steel scrap and used nonferrous metals (46772) |
|
|
|
|
ISO certified |
Yes |
|
ISO certifier |
SGS Nederland b.v. |
|
ISO standard |
ISO 14001:2004 |
|
|
|
|
Exporter |
No |
|
Importer |
No |
|
|
|
|
Goal |
Het slopen van vaartuigen, gebouwen en andere constructies en het
verhandelen van de daarvoor afkomstige onderdelen, toebehoren en en materialen. Het
verhandelen van gebruikte en ongebruikte metalen (waaronder ook: schroot, ijzer en
staal), machines, motoren, werktuigen en gereedschappen en van materialen
bestemd of geschikt voor de bouw, reparatie of verbetering van vaartuigen, gebouwen en andere
constructies. |
|
|
|
|
|
Relations
Shareholders VADA
Materieel B.V.
Graanweg 18
4782PP MOERDIJK
Netherlands
Registration
number: 230154380000
Percentage: 100%
Companies on same address Exploitatiemaatschappij
R. van Dalen-Ambacht B.V.
Registration number: 230380960000
Groothandel in Grondstoffen voor de Papier-
en Kartonindustrie A. van
Vemde B.V.
Registration number: 270665540000
Handelsonderneming Pametex B.V.
Registration number: 270437860000
VADA Materieel B.V.
Registration number: 230154380000
Pensioenfonds R. van Dalen-Ambacht B.V.
Registration number: 230475650000
Recycling Service Holland B.V.
Registration number: 270942100000
VADA Dordrecht B.V.
Registration number: 230498990000
Van Dalen H.I. Ambacht B.V.
Registration number: 230352300000
Van Dalen International B.V.
Registration number: 101448570000
VADA Vastgoed B.V.
Registration number: 100138740000
Management
Active management VADA
Dordrecht B.V.
Graanweg 18
4782PP MOERDIJK
Netherlands
Registration number: 230498990000
Competence: Fully authorized
Function: Manager
Starting date: 1998-01-01
F.H. Heukeshoven (Frederik Hendrik)
Netherlands
Competence: Limited authorization
Function: General Director
Starting date: 2011-03-14
Date of birth: 1967-06-05, Nijmegen, NL
Involved with the following companies
• Van Dalen International B.V.
Graanweg 18
4782PP Moerdijk
Netherlands
Registration number: 101448570000
Function: General Director
Employees
|
Total according
to the Chamber of Commerce |
20 |
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
20 |
20 |
37 |
20 |
20 |
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,69 |
0,47 |
0,38 |
0,59 |
|
Current ratio |
0,99 |
0,93 |
0,99 |
0,99 |
|
Working capital/ balance total |
-0,01 |
-0,07 |
-0,01 |
-0,01 |
|
Equity / balance total |
0,04 |
0,00 |
0,00 |
0,00 |
|
Equity / Fixed assets |
0,84 |
0,01 |
0,05 |
0,06 |
|
Equity / liabilities |
0,04 |
0,00 |
0,00 |
0,00 |
|
Balance total / liabilities |
1,04 |
1,00 |
1,00 |
1,00 |
|
Working capital |
-155.992 |
-1.208.965 |
-327.944 |
-258.321 |
|
Equity |
928.179 |
18.151 |
18.151 |
18.151 |
|
Mutation equity |
5.013,65 |
|
|
|
|
Mutation short term liabilities |
24,93 |
-44,41 |
28,43 |
|
|
Return on total assets (ROA) |
-2,88 |
10,84 |
8,14 |
24,39 |
|
Return on equity (ROE) |
-68,94 |
10.240,86 |
13.730,25 |
32.056,27 |
|
Gross profit margin |
-0,23 |
0,92 |
|
|
|
Net profit margin |
-0,23 |
0,50 |
|
|
|
Average collection ratio |
9,97 |
16,27 |
|
|
|
Average payment ratio |
14,38 |
34,96 |
|
|
|
Equity turnover ratio |
228,31 |
15.243,04 |
|
|
|
Total assets turnover ratio |
9,55 |
16,13 |
|
|
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Fixed assets turnover ratio |
192,02 |
204,83 |
|
|
|
Inventory conversion ratio |
33,33 |
35,17 |
|
|
|
Turnover |
211.916.304 |
276.676.337 |
|
|
|
Gross margin |
15.455.739 |
19.408.543 |
16.253.969 |
18.599.377 |
|
Operating result |
-482.205 |
2.537.101 |
3.360.895 |
6.750.854 |
|
Net result after taxes |
-482.178 |
1.392.206 |
1.868.258 |
4.338.538 |
|
Cashflow |
2.250.483 |
4.923.659 |
4.632.712 |
5.581.814 |
|
EBIT |
-482.205 |
2.537.101 |
3.360.895 |
6.750.854 |
|
EBITDA |
2.250.456 |
6.068.554 |
6.125.349 |
7.994.130 |
Summary The 2013 financial
result structure is a negative working captial of - 155.992 euro, which is in
agreement with -1 % of the total assets of the company.
The working capital has increased with 87.1 % compared to previous year.
The ratio, with respect to the total assets of the company has however,
increased.
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 0.99. 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 0.69. A company with a Quick
Ratio of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a negative working captial of
-1.208.965 euro, which is in agreement with -7 % of the total assets of the
company.
The working capital has diminished with -268.65 % compared to previous
year. The ratio, with respect to the total assets of the company has however,
declined.
The deterioration between 2011 and 2012 has mainly been caused by an
increase of the current liabilities.
The current ratio of the company in 2012 was 0.93. 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 0.47. A company with a Quick
Ratio of less than 1 cannot 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 |
Van Dalen
Moerdijk B.V. |
|
|
Graanweg 18 |
|
|
4782PP Moerdijk |
|
|
Netherlands |
|
|
Registration number: 200803540000 |
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
1.103.621 |
1.350.732 |
364.363 |
291.013 |
|
Fixed assets |
1.103.621 |
1.350.732 |
364.363 |
291.013 |
|
Total stock |
6.358.717 |
7.867.521 |
18.506.010 |
9.456.866 |
|
Accounts receivable |
3.850.615 |
5.990.752 |
3.282.178 |
4.291.495 |
|
Other receivables |
10.882.015 |
1.923.948 |
8.306.355 |
9.791.535 |
|
Total receivables |
14.732.630 |
7.914.700 |
11.588.533 |
14.083.030 |
|
Liquid funds |
313 |
16.552 |
170.969 |
22.702 |
|
Current assets |
21.091.660 |
15.798.773 |
30.265.512 |
23.562.598 |
|
Total assets |
22.195.281 |
17.149.505 |
30.629.875 |
23.853.611 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
910.028 |
|
|
|
|
Total reserves |
910.028 |
|
|
|
|
Total equity |
928.179 |
18.151 |
18.151 |
18.151 |
|
Provisions |
19.450 |
123.616 |
18.268 |
14.541 |
|
Accounts payable |
|
|
|
3.021.520 |
|
Other short term liabilities |
|
|
|
20.799.399 |
|
Short term liabilities |
21.247.652 |
17.007.738 |
30.593.456 |
23.820.919 |
|
Total short and long term liabilities |
21.267.102 |
17.131.354 |
30.611.724 |
23.835.460 |
|
Total liabilities |
22.195.281 |
17.149.505 |
30.629.875 |
23.853.611 |
Summary The total assets
of the company increased with 29.42 % between 2012 and 2013.
Despite the assets growth, the non current assets decreased with -18.29
%.
The asset growth has mainly been financed by a Net Worth increase of
5013.65 %. Debt,
however, grew with 24.14 %.
In 2013 the assets of the company were 4.97 % composed of fixed assets
and 95.03 % by current assets. The assets are being financed by an equity of
4.18 %, and total debt of 95.82 %.
The total assets of the company decreased with -44.01 % between 2011 and
2012.
Despite the total assets decrease, non current assets grew with 270.71
%.
Assets reduction is being explained by an indebtedness decrease -44.04 %
while the Net
Worth remains unchanged.
In 2012 the assets of the company were 7.88 % composed of fixed assets
and 92.12 % by current assets. The assets are being financed by an equity of
0.11 %, and total debt of 99.89 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
211.916.304 |
276.676.337 |
|
|
|
Net turnover |
211.916.304 |
276.676.337 |
|
|
|
Gross margin |
15.455.739 |
19.408.543 |
16.253.969 |
18.599.377 |
|
Wages and salaries |
2.583.952 |
2.664.589 |
2.029.167 |
2.639.810 |
|
Amorization and depreciation |
2.732.661 |
3.531.453 |
2.764.454 |
1.243.276 |
|
Sales |
196.460.565 |
257.267.794 |
|
|
|
other operating costs |
10.621.331 |
10.675.400 |
8.099.453 |
7.965.437 |
|
Operating expenses |
212.398.509 |
274.139.236 |
12.893.074 |
11.848.523 |
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Operating result |
-482.205 |
2.537.101 |
3.360.895 |
6.750.854 |
|
Financial income |
109.860 |
205.815 |
388.101 |
139.832 |
|
Financial expenses |
267.501 |
884.097 |
1.256.819 |
1.072.152 |
|
Financial result |
-157.641 |
-678.282 |
-868.718 |
-932.320 |
|
Result on ordinary operations before taxes |
-639.846 |
1.858.819 |
2.492.177 |
5.818.534 |
|
Taxation on the result of ordinary activities |
-157.668 |
466.613 |
623.919 |
1.479.996 |
|
Result of ordinary activities after taxes |
-482.178 |
1.392.206 |
1.868.258 |
4.338.538 |
|
Net result |
-482.178 |
1.392.206 |
1.868.258 |
4.338.538 |
Summary The turnover of
the company decreased by -23.41 % between 2012 and 2013.
The gross profit of the company decreased by -20.37 % between 2012 and
2013.
The operating result of the company declined with -119.01 % 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 -126.57 % 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 -40.79 to a level of 9.55.
The Net Result of the company increased by -134.63 % 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 -100.67 % of the analysed
period, being -68.94 % 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 19.41 % between 2011 and 2012.
The operating result of the company declined with -24.51 % between 2011
and 2012. This evolution implies an decrease of the company's economic
profitability.
The result of these changes is an increase of the company's Economic
Profitability of 33.17 % of the analysed period, being equal to 2011 % in the
year 2012.
The Net Result of the company increased by -25.48 % between 2011 and
2012.
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 -25.41 % of the analysed
period, being 10240.86 % in the year 2012.
The company's financial profitability has
been positively affected by its financial structure.
Analysis
Branch (SBI) Waste collection,
treatment and disposal activities; materials recovery (38)
Region West-Brabant
In the Netherlands 1474 of the companies are
registered with the SBI code 38
In the region West-Brabant 74 of the
companies are registered with the SBI code 38
In the Netherlands 29 of the bankrupcties
are published within this sector
In the region West-Brabant 1 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 West-Brabant is normal
Publications
Filings 11-02-2015: De
jaarrekening over 2013 is gepubliceerd.
30-10-2013: De jaarrekening over 2010 is
gepubliceerd.
30-10-2013: De jaarrekening over 2011 is
gepubliceerd.
23-09-2013: De jaarrekening over 2012 is
gepubliceerd.
Functions 27-01-2015: Per
26-01-2015 is gevolmachtigde Bernardus Cornelis Andreas Vervoorn uit
functie getreden.
04-04-2012: Per 14-03-2011 is gevolmachtigde
Frederik Hendrik Heukeshoven in functie
getreden.
Company
Structure
Relations 20
Stichting Administratiekantoor Aandelen van Dalen
Eemnesserweg 34A
1261HJ BLARICUM
Netherlands
Registration number: 411219780000
• VADA Dordrecht B.V.
Graanweg 18
4782PP MOERDIJK
Netherlands
Registration number: 230498990000
• VADA Vastgoed B.V.
Graanweg 18
4782PP MOERDIJK
Netherlands
Registration number: 100138740000
• VADA Materieel B.V.
Graanweg 18
4782PP MOERDIJK
Netherlands
Registration number: 230154380000
• Van Dalen Moerdijk B.V.
Graanweg 18
4782PP Moerdijk
Netherlands
Registration number: 200803540000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.