MIRA INFORM REPORT
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Report No. : |
319511 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HORSTEN LEDERWAREN B.V. |
|
|
|
|
Registered Office : |
Nobelstraat 6 5051DV Goirle |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.10.1939 |
|
|
|
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Com. Reg. No.: |
KvK-nummer: 18104115 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Wholesale of other non-food consumer goods n.e.c. |
|
|
|
|
No. of Employee : |
5 |
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 |
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|
|
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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 trade.
|
Source
: CIA |
Summary
Company
name HORSTEN
LEDERWAREN B.V.
Operative
address Nobelstraat 6
5051DV Goirle
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 18104115
VAT-number 003547978
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
183.453 |
10,15 |
166.553 |
-12,21 |
189.725 |
|
Total receivables |
453.341 |
-5,63 |
480.402 |
15,61 |
415.552 |
|
Total equity |
123.833 |
14,83 |
107.836 |
-47,53 |
205.510 |
|
Short term liabilities |
1.547.840 |
1,35 |
1.527.188 |
15,32 |
1.324.281 |
|
Working capital |
-59.620 |
-1,54 |
-58.717 |
-471,98 |
15.785 |
|
Quick ratio |
0,30 |
-11,76 |
0,34 |
-5,56 |
0,36 |
Contact
information
Company
name Horsten Lederwaren B.V.
Trade
names Horsten Leatherfashion
Horsten Lederwaren B.V.
Bagstage
Burkely
Operative
address Nobelstraat 6
5051DV Goirle
Netherlands
Correspondence
address Postbus 221
5050AE Goirle
Netherlands
Telephone
number 0135349126
Fax
number 0135341413
Mobile
number 0651186588
Email
address info@horsten-leatherfashion.com
Website
www.horsten-leatherfashion.com
Registration
Registration
number KvK-nummer: 18104115
Branch
number 000017003148
VAT-number 003547978
Status
Active
First
registration
company
register 1976-02-04
Memorandum
1976-02-03
Establishment
date 1939-10-01
Legal
form Private Company
Last
proposed admendment 2012-06-21
Issued
placed capital EUR 9.120
Paid
up share capital EUR 9.120
Activities
SBI
Wholesale of other non-food
consumer goods n.e.c. (46499)
Exporter
Yes
Importer
Yes
Goal
Groothandel, w.o. im- en
exporthandel in kleine lederwaren, school-, diplomaten- en
clippertassen, relatiegeschenken e.d. Vervaardigd uit leder of ledervervangende
materialen
Relations
Shareholders
Beheer- en
Exploitatiemaatschappij Lennies B.V.
Nobelstraat 6
5051DV GOIRLE
Netherlands
Registration number: 180287180000
Percentage: 100%
Companies
on
same
address Beheer- en
Exploitatiemaatschappij Lennies B.V.
Registration number: 180287180000
Burkely B.V.
Registration number: 180582740000
C.A.M. Horsten Beheersmaatschappij Waalwijk
B.V.
Registration number: 181157920000
C.A.M. Horsten Belegging B.V.
Registration number: 180390740000
Otazu Bags B.V.
Registration number: 180903920000
Bank
details
Accounts
ABN Amro
Bank NV
Account number: NL89ABNA0484530739
BIC: ABNANL2A
ING Bank NV
Account number: NL34INGB0686761251
BIC: INGBNL2A
Management
Active
management C.A.M. Horsten
Beheersmaatschappij Waalwijk B.V.
Nobelstraat 6
5051DV GOIRLE
Netherlands
Registration number: 181157920000
Competence: Fully authorized
Function: Manager
Starting date: 2015-02-06
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
5 |
5 |
8 |
5 |
6 |
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,30 |
0,34 |
0,36 |
0,56 |
0,61 |
|
Current ratio |
0,96 |
0,96 |
1,01 |
1,32 |
1,30 |
|
Working capital/ balance total |
-0,04 |
-0,04 |
0,01 |
0,22 |
0,21 |
|
Equity / balance total |
0,07 |
0,07 |
0,13 |
0,31 |
0,29 |
|
Equity / Fixed assets |
0,68 |
0,65 |
1,08 |
3,08 |
2,87 |
|
Equity / liabilities |
0,08 |
0,07 |
0,16 |
0,45 |
0,40 |
|
Balance total / liabilities |
1,08 |
1,07 |
1,16 |
1,45 |
1,40 |
|
Working capital |
-59.620 |
-58.717 |
15.785 |
337.913 |
343.732 |
|
Equity |
123.833 |
107.836 |
205.510 |
477.398 |
476.622 |
|
Mutation equity |
14,83 |
-47,53 |
-56,95 |
0,16 |
-4,33 |
|
Mutation short term liabilities |
1,35 |
15,32 |
27,12 |
-8,93 |
1,85 |
Summary
The 2013 financial result structure is a
negative working captial of -59.620 euro, which is in
agreement with -4 % of the total assets of
the company.
The working capital has diminished with -1.54
% compared to previous year. The ratio with
respect to the total assets of the company
remains unchanged.
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
0.96. 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
0.3. 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 -58.717 euro, which is in
agreement with -4 % of the total assets of
the company.
The working capital has diminished with
-471.98 % 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
0.96. 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
0.34. 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 Horsten
Lederwaren B.V.
Nobelstraat 6
5051DV Goirle
Netherlands
Registration number: 181041150000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-06-30 |
2010-06-30 |
2009-06-30 |
|
Tangible fixed assets |
183.452 |
166.553 |
189.546 |
152.251 |
155.809 |
|
Financial fixed assets |
1 |
|
179 |
2.511 |
10.414 |
|
Fixed assets |
183.453 |
166.553 |
189.725 |
154.762 |
166.223 |
|
Total stock |
1.017.274 |
949.618 |
866.933 |
791.234 |
793.887 |
|
Total receivables |
453.341 |
480.402 |
415.552 |
483.465 |
584.022 |
|
Liquid funds |
17.605 |
38.451 |
57.581 |
105.007 |
109.733 |
|
Current assets |
1.488.220 |
1.468.471 |
1.340.066 |
1.379.706 |
1.487.642 |
|
Total assets |
1.671.673 |
1.635.024 |
1.529.791 |
1.534.468 |
1.653.865 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-06-30 |
2010-06-30 |
2009-06-30 |
|
Issued capital |
9.120 |
9.120 |
9.076 |
9.076 |
9.076 |
|
Legal and statutory reserve |
|
|
8.924 |
8.924 |
8.924 |
|
Other reserves |
114.713 |
98.716 |
187.510 |
459.398 |
458.622 |
|
Total reserves |
114.713 |
98.716 |
196.434 |
468.322 |
467.546 |
|
Total equity |
123.833 |
107.836 |
205.510 |
477.398 |
476.622 |
|
Long term interest yielding debt |
|
|
|
15.277 |
33.333 |
|
Long term liabilities |
|
|
|
15.277 |
33.333 |
|
Short term liabilities |
1.547.840 |
1.527.188 |
1.324.281 |
1.041.793 |
1.143.910 |
|
Total short and long term liabilities |
1.547.840 |
1.527.188 |
1.324.281 |
1.057.070 |
1.177.243 |
|
Total liabilities |
1.671.673 |
1.635.024 |
1.529.791 |
1.534.468 |
1.653.865 |
Analysis
Branch
(SBI) Wholesale trade (no motor
vehicles and motorcycles) (46)
Region
Midden-Brabant
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Midden-Brabant 5737 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 Midden-Brabant 108 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 Midden-Brabant is normal
Publications
Filings
01-08-2014: De jaarrekening
over 2013 is gepubliceerd.
19-02-2014: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
15-06-2012: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
17-12-2010: De jaarrekening over 2010
(gebroken boekjaar) is gepubliceerd.
Functions 11-02-2015: Per 06-02-2015 is bestuurder
18115792 C.A.M. Horsten Beheersmaatschappij Waalwijk B.V. in functie getreden.
11-02-2015: Per 28-01-2015
is bestuurder Cornelis Antonius Maria Horsten uit functie
getreden.
Amendments 26-06-2012: Geplaatst kapitaal gewijzigd in
EUR 9.120,00 Gestort kapitaal gewijzigd in EUR 9.120,00.
26-06-2012: Per 21-6-2012 statuten gewijzigd.
Zetel gewijzigd in: Goirle.
Company
structure
Relations 7
C.A.M.
Horsten Beheersmaatschappij Waalwijk B.V.
Nobelstraat
6
5051DV
GOIRLE
Netherlands
Registration
number: 181157920000
•
Beheer- en Exploitatiemaatschappij Lennies B.V.
Nobelstraat
6
5051DV
GOIRLE
Netherlands
Registration
number: 180287180000
•
Horsten Lederwaren B.V.
Nobelstraat
6
5051DV
Goirle
Netherlands
Registration
number: 181041150000
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
: |
KAR |
|
|
|
|
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.