MIRA INFORM REPORT
|
Report No. : |
319181 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOLLAND PRODUCE B.V. |
|
|
|
|
Registered Office : |
Noorderstraat 1S 1823CS Alkmaar |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
01.08.1991 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 36038072 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import, export and sale of tropical products and related items. |
|
|
|
|
No. of Employee : |
2 |
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 tr
|
Source
: CIA |
Summary
Company
name HOLLAND PRODUCE B.V.
Operative
address Noorderstraat
1S
1823CS Alkmaar
Netherlands
Legal form Private Company
Registration number KvK-nummer: 36038072
VAT-number 800252020
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
9.469 |
-31,73 |
13.869 |
95,31 |
7.101 |
|
Total receivables |
548.372 |
-41,78 |
941.964 |
65,52 |
569.093 |
|
Total equity |
1.290.622 |
8,00 |
1.195.048 |
14,56 |
1.043.196 |
|
Short term liabilities |
1.077.366 |
-6,54 |
1.152.747 |
30,17 |
885.594 |
|
Working capital |
1.281.153 |
8,46 |
1.181.179 |
14,00 |
1.036.095 |
|
Quick ratio |
0,51 |
-37,80 |
0,82 |
28,13 |
0,64 |
Contact
information
Company
name Holland Produce B.V.
Trade
names Holland Produce B.V.
Operative
address Noorderstraat 1S
1823CS Alkmaar
Netherlands
Correspondence
address Noorderstraat 1S
1823CS Alkmaar
Netherlands
Telephone
number 0725124466
Fax
number 0725123507
Email
address info@hopro.nl
Registration
Registration
number KvK-nummer: 36038072
Branch
number 000019990774
VAT-number
800252020
Status
Active
First
registration
company
register 1991-11-18
Memorandum
1991-11-12
Establishment
date 1991-08-01
Legal
form Private Company
Issued
placed capital EUR 18.151
Paid
up share capital EUR 18.151
Activities
SBI
Non-specialized wholesale
of food (4639)
Exporter
Yes
Importer
Yes
Goal The import and export , import and sale of tropical products and related items
Relations
Shareholders
Ayam Holding B.V.
Aletta Jacobsstraat 49
1827MK ALKMAAR
Netherlands
Registration number: 371292030000
Percentage: 100%
Management
Active
management N.F.J.
de Haan (Nan Floris Jan)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2007-01-02
Date of birth: 1959-10-31, Singapore
M.D. de Haan - van Huët (Monica Debora)
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2011-03-23
Date of birth: 1962-06-22, Alkmaar, NL
Employees
|
Total according to the Chamber of Commerce |
2 |
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
2 |
1 |
2 |
2 |
2 |
Payments
Description Overeenkomstig conditie
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,51 |
0,82 |
0,64 |
0,47 |
0,41 |
|
Current ratio |
2,19 |
2,02 |
2,17 |
1,65 |
1,53 |
|
Working capital/ balance total |
0,54 |
0,50 |
0,54 |
0,39 |
0,35 |
|
Equity / balance total |
0,55 |
0,51 |
0,54 |
0,40 |
0,35 |
|
Equity / Fixed assets |
136,30 |
86,17 |
146,91 |
118,93 |
90,63 |
|
Equity / liabilities |
1,20 |
1,04 |
1,18 |
0,66 |
0,54 |
|
Balance total / liabilities |
2,20 |
2,04 |
2,18 |
1,66 |
1,54 |
|
Working capital |
1.281.153 |
1.181.179 |
1.036.095 |
937.755 |
602.297 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Equity |
1.290.622 |
1.195.048 |
1.043.196 |
945.707 |
609.017 |
|
Mutation equity |
8,00 |
14,56 |
10,31 |
55,28 |
90,13 |
|
Mutation short term liabilities |
-6,54 |
30,17 |
-38,38 |
27,26 |
14,19 |
Summary The 2014 financial result structure is a postive
working captial of 1.281.153 euro, which is in agreement with 54 % of the total
assets of the company.
The working capital has increased with 8.46 %
compared to previous year. The ratio, with
respect to the total assets of the company has
however, increased.
The improvement between 2013 and 2014 has
mainly been caused by an increase of the
current assets.
The current ratio of the company in 2014 was
2.19. A company with a current ratio between 1.5 and 3.0 generally indicates
good short-term financial strength.
The quick ratio in 2014 of the company was
0.51. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2013 financial result structure is a
postive working captial of 1.181.179 euro, which is in agreement with 50 % of
the total assets of the company.
The working capital has increase with 14 %
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 a current liabilities
reduction.
The current ratio of the company in 2013 was
2.02. 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
0.82. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
Financial
statement
Last
annual account 2014
Remark
annual account The company is obliged to
file its financial statements.
Type
of annual account Corporate
Annual
account Holland
Produce B.V.
Noorderstraat 1S
1823CS Alkmaar
Netherlands
Registration number: 360380720000
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
9.469 |
13.869 |
7.101 |
7.952 |
6.720 |
|
Fixed assets |
9.469 |
13.869 |
7.101 |
7.952 |
6.720 |
|
Total stock |
1.810.147 |
1.391.962 |
1.352.596 |
1.699.287 |
1.263.410 |
|
Total receivables |
548.372 |
941.964 |
569.093 |
675.590 |
468.191 |
|
Current assets |
2.358.519 |
2.333.926 |
1.921.689 |
2.374.877 |
1.731.601 |
|
Total assets |
2.367.988 |
2.347.795 |
1.928.790 |
2.382.829 |
1.738.321 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
1.272.471 |
1.176.897 |
1.025.045 |
927.556 |
590.866 |
|
Total reserves |
1.272.471 |
1.176.897 |
1.025.045 |
927.556 |
590.866 |
|
Total equity |
1.290.622 |
1.195.048 |
1.043.196 |
945.707 |
609.017 |
|
Short term liabilities |
1.077.366 |
1.152.747 |
885.594 |
1.437.122 |
1.129.304 |
|
Total short and long term liabilities |
1.077.366 |
1.152.747 |
885.594 |
1.437.122 |
1.129.304 |
|
Total liabilities |
2.367.988 |
2.347.795 |
1.928.790 |
2.382.829 |
1.738.321 |
Summary
The total assets remained the same between
2013 and 2014.
Despite the fact that the total assets
remained the same, the fixed assets decreased with
-31.73 %.
Despite thee unchanged assets the net worth grew
with 8 %, which has resulted in the fact
that the company's indebtedness declined with
-6.54 %.
In 2014 the assets of the company were 0.4 %
composed of fixed assets and 99.6 % by
current assets. The assets are being financed
by an equity of 54.5 %, and total debt of 45.5
%.
The total assets of the company increased
with 21.72 % between 2012 and 2013.
The total asset increase is retrievable in
the fixed asset growth of 95.31 %.
The asset growth has mainly been financed by
a debt increase of 30.17 %. The Net Worth,
however, grew with 14.56 %.
In 2013 the assets of the company were 0.59 %
composed of fixed assets and 99.41 % by
current assets. The assets are being financed
by an equity of 50.9 %, and total debt of 49.1
%.
Analysis
Branch (SBI) Wholesale
trade (no motor vehicles and motorcycles) (46)
Region Noord-Holland
Noord
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Noord-Holland Noord 3246 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 Noord-Holland Noord 66 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 Noord-Holland Noord is normal
Publications
Filings
24-03-2015: De jaarrekening
over 2014 is gepubliceerd.
18-08-2014: De jaarrekening over 2013 is
gepubliceerd.
12-06-2013: De jaarrekening over 2012 is
gepubliceerd.
16-04-2012: De jaarrekening over 2011 is
gepubliceerd.
06-06-2011: De jaarrekening over 2010 is
gepubliceerd.
01-06-2010: 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
: |
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.