MIRA INFORM REPORT
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Report No. : |
319251 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FEIJEN VERSPANINGSTECHNIEKEN B.V. |
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|
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Registered Office : |
Goorstraat 33a 6027NB Soerendonk |
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Country : |
Netherlands |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
12.01.1998 |
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Com. Reg. No.: |
KvK-nummer: 17101515 |
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Legal Form : |
Private Company |
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Line of Business : |
Machining [Note: We tried to confirm /
obtain the detailed activity but the same is not available from any sources] |
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No. of Employee : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
|
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 tr
|
Source
: CIA |
Summary
Company
name Feijen
Verspaningstechnieken B.V.
Operative
address Goorstraat 33a
6027NB Soerendonk
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 17101515
VAT-number
814663254
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
703.492 |
-7,95 |
764.219 |
69,57 |
450.671 |
|
Total receivables |
273.488 |
-22,33 |
352.119 |
26,06 |
279.323 |
|
Total equity |
503.260 |
2,82 |
489.449 |
-0,08 |
489.846 |
|
Short term liabilities |
607.591 |
-16,34 |
726.289 |
36,68 |
531.375 |
|
Working capital |
-55.232 |
70,11 |
-184.770 |
-428,81 |
56.193 |
|
Quick ratio |
0,61 |
24,49 |
0,49 |
-42,35 |
0,85 |
Contact
information
Company
name Feijen
Verspaningstechnieken B.V.
Trade
names Feijen
Verspaningstechnieken B.V.
Wert Bicycle Components
Operative
address Goorstraat 33a
6027NB Soerendonk
Netherlands
Correspondence
address Goorstraat 33a
6027NB Soerendonk
Netherlands
Telephone
number 0495599278
Fax
number 0495599279
Email
address feel.free@wxs.nl
Registration
Registration
number KvK-nummer: 17101515
Branch
number 000019749309
VAT-number
814663254
Status
Active
First
registration company register 2005-07-04
Memorandum
2005-06-22
Establishment
date 1998-01-12
Legal
form Private Company
Issued
placed capital EUR 384.000
Paid
up share capital EUR 384.000
Activities
SBI Machining (2562)
Exporter
No
Importer
No
Goal The phrases and running and working of metal work and everything related to it
Relations
Shareholders
Feijen
Beheer B.V.
Goorstraat 20
6027NC SOERENDONK
Netherlands
Registration number: 171794370000
Percentage: 100%
Management
Active
management Feijen Beheer
B.V.
Goorstraat 20
6027NC SOERENDONK
Netherlands
Registration number: 171794370000
Competence: Fully authorized
Function: Manager
Starting date: 2005-06-22
Employees
|
Total according to the Chamber of Commerce |
4 |
|
|
|
|
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
4 |
10 |
4 |
4 |
4 |
Payments
Description Overeenkomstig conditie
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,61 |
0,49 |
0,85 |
0,77 |
0,83 |
|
Current ratio |
0,91 |
0,75 |
1,11 |
1,03 |
1,15 |
|
Working capital/ balance total |
-0,04 |
-0,14 |
0,05 |
0,02 |
0,06 |
|
Equity / balance total |
0,40 |
0,37 |
0,47 |
0,46 |
0,54 |
|
Equity / Fixed assets |
0,72 |
0,64 |
1,09 |
0,93 |
0,92 |
|
Equity / liabilities |
0,67 |
0,60 |
0,89 |
0,85 |
1,15 |
|
Balance total / liabilities |
1,67 |
1,60 |
1,89 |
1,85 |
2,15 |
|
Working capital |
-55.232 |
-184.770 |
56.193 |
16.449 |
49.502 |
|
Equity |
503.260 |
489.449 |
489.846 |
480.886 |
478.336 |
|
Mutation equity |
2,82 |
-0,08 |
1,86 |
0,53 |
-3,47 |
|
Mutation short term liabilities |
-16,34 |
36,68 |
3,07 |
59,38 |
16,65 |
Summary The 2013 financial result structure is a negative working captial of -55.232 euro, which is in agreement with -4 % of the total assets of the company.
The working capital has increased with 70.11 % 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 0.91. 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 0.61. 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 -184.770 euro, which is in agreement with -14 % of the total assets of the company.
The working capital has diminished with -428.81 % 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 0.75. 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 0.49. 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 Feijen
Verspaningstechnieken B.V.
Goorstraat 33a
6027NB Soerendonk
Netherlands
Registration number: 171015150000
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 |
703.492 |
764.219 |
450.671 |
515.451 |
520.120 |
|
Fixed assets |
703.492 |
764.219 |
450.671 |
515.451 |
520.120 |
|
Total stock |
179.500 |
189.000 |
135.000 |
134.417 |
104.937 |
|
Total receivables |
273.488 |
352.119 |
279.323 |
395.333 |
209.983 |
|
Securities |
|
400 |
|
|
|
|
Liquid funds |
99.371 |
|
173.245 |
2.224 |
58.038 |
|
Current assets |
552.359 |
541.519 |
587.568 |
531.974 |
372.958 |
|
Total assets |
1.255.851 |
1.305.738 |
1.038.239 |
1.047.425 |
893.078 |
|
Issued capital |
384.000 |
384.000 |
384.000 |
384.000 |
384.000 |
|
Other reserves |
119.260 |
105.449 |
105.846 |
96.886 |
94.336 |
|
Total reserves |
119.260 |
105.449 |
105.846 |
96.886 |
94.336 |
|
Total equity |
503.260 |
489.449 |
489.846 |
480.886 |
478.336 |
|
Long term interest yielding debt |
145.000 |
90.000 |
17.018 |
51.014 |
91.286 |
|
Long term liabilities |
145.000 |
90.000 |
17.018 |
51.014 |
91.286 |
|
Short term liabilities |
607.591 |
726.289 |
531.375 |
515.525 |
323.456 |
|
Total short and long term liabilities |
752.591 |
816.289 |
548.393 |
566.539 |
414.742 |
|
Total liabilities |
1.255.851 |
1.305.738 |
1.038.239 |
1.047.425 |
893.078 |
Summary The total assets of the company decreased with -3.82 % between 2012 and 2013.
This downturn is mainly retrievable in the fixed asset decrease of -7.95 %.
The asset reduction is in contrast with the equity growth of 2.82 %. Due to this the total debt decreased with -7.8 %.
In 2013 the assets of the company were 56.02 % composed of fixed assets and 43.98 % by current assets. The assets are being financed by an equity of 40.07 %, and total debt of 59.93 %.
The total assets of the company increased with 25.76 % between 2011 and 2012.
The total asset increase is retrievable in the fixed asset growth of 69.57 %.
The asset growth is explained by a reduction of 48.85 % of the company's indebtness, this while, the Net Worth remains unchanged.
In 2012 the assets of the company were 58.53 % composed of fixed assets and 41.47 % by current assets. The assets are being financed by an equity of 37.48 %, and total debt of 62.52 %.
Analysis
Branch
(SBI) Manufacture of fabricated metal products, except machinery and equipment
(25)
Region
Zuid-Oost-Brabant
In the Netherlands 12215 of the companies are
registered with the SBI code 25
In the region Zuid-Oost-Brabant 898 of the
companies are registered with the SBI code 25
In the Netherlands 347 of the bankrupcties
are published within this sector
In the region Zuid-Oost-Brabant 18 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
Publications
Filings 05-01-2015: De jaarrekening
over 2013 is gepubliceerd.
11-10-2013: De jaarrekening over 2012 is
gepubliceerd.
18-07-2012: De jaarrekening over 2011 is
gepubliceerd.
21-12-2011: De jaarrekening over 2010 is
gepubliceerd.
27-04-2010: De jaarrekening over 2009 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
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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.