MIRA INFORM REPORT
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Report No. : |
335217 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DE MONCHY NATURAL PRODUCTS B.V. |
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|
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Registered Office : |
Hoogvlietsekerkweg 156 3194AM Hoogvliet Rotterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.2009 |
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Com. Reg. No.: |
24451957 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of spices, sauces and food grade salt |
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No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Netherlands |
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC
OVERVIEW
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. 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 underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Summary
Company
name De Monchy
Natural Products B.V.
Operative
address Hoogvlietsekerkweg 156
3194AM Hoogvliet Rotterdam
Netherlands
Legal
form Besloten Vennootschap
Registration
number KvK-nummer: 24451957
VAT-number
820351349
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
|
|
|
|
|
|
Total receivables |
1.039.709 |
-31,46 |
1.516.952 |
-20,69 |
1.912.567 |
|
Total equity |
382.449 |
225,42 |
-304.945 |
48,69 |
-594.267 |
|
Short term liabilities |
3.357.790 |
-48,80 |
6.557.761 |
-22,13 |
8.421.287 |
|
Net result |
|
-100,00 |
277.837 |
117,17 |
-1.618.390 |
|
Working capital |
1.477.841 |
-13,25 |
1.703.544 |
-19,29 |
2.110.733 |
|
Quick ratio |
0,31 |
34,78 |
0,23 |
|
0,23 |
Contact
information
Company
name De Monchy Natural Products
B.V.
Trade
names De Monchy Natural Products
B.V.
MONAPRO
Operative
address Hoogvlietsekerkweg 156
3194AM Hoogvliet Rotterdam
Netherlands
Correspondence
address Postbus 30149
3001DC Rotterdam
Netherlands
Telephone
number 0102053344
Fax
number 0102053345
Registration
Registration
number KvK-nummer: 24451957
Branch
number 000019616724
VAT-number
820351349
Status
Active
First
registration company register 2009-02-10
Memorandum
2009-02-10
Establishment
date 2009-01-01
Legal
form Besloten Vennootschap
Legal
person since 2009-02-10
Last
proposed admendment 2014-06-26
Issued
placed capital EUR 18.000
Paid
up share capital EUR 18.000
Registration
Registration number KvK-nummer:
24451957
Branch number 000019616724
VAT-number 820351349
Status Active
First registration company register 2009-02-10
Memorandum 2009-02-10
Establishment date 2009-01-01
Legal form Besloten
Vennootschap
Legal person since 2009-02-10
Last proposed admendment 2014-06-26
Issued placed capital EUR 18.000
Paid up share capital EUR 18.000
Activities
Activities
SBI
Manufacture of spices,
sauces and food grade salt (1084)
Exporter
No
Importer
Yes
Goal
Het handelen, produceren en
bewerken van natuurlijke grondstoffen.
Relations
Shareholders
METON
FOOD & CHEMICALS B.V.
Beursplein 37P/A
3011AA ROTTERDAM
Netherlands
Registration number: 241020690000
Percentage: 100%
Companies on same address De
Monchy International B.V.
Registration
number: 241200000000
Management
Active
management METON
FOOD & CHEMICALS B.V.
Beursplein 37P/A
3011AA ROTTERDAM
Netherlands
Registration number: 241020690000
Competence: Fully authorized
Function: Manager
Starting date: 2011-02-14
Employees
|
Year |
2015 |
2014 |
2012 |
2011 |
2010 |
|
Total |
1 |
1 |
1 |
1 |
1 |
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,31 |
0,23 |
0,23 |
0,08 |
|
|
Current
ratio |
1,44 |
1,26 |
1,25 |
1,26 |
1,00 |
|
|
|||||
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Working
capital/ balance total |
0,31 |
0,21 |
0,20 |
0,20 |
0,00 |
|
Equity
/ balance total |
0,08 |
-0,04 |
-0,06 |
0,00 |
0,00 |
|
Equity
/ liabilities |
0,09 |
-0,04 |
-0,05 |
0,00 |
0,00 |
|
Balance
total / liabilities |
1,09 |
0,96 |
0,95 |
1,00 |
1,00 |
|
|
|||||
|
Working
capital |
1.477.841 |
1.703.544 |
2.110.733 |
1.631.996 |
24.887 |
|
Equity |
382.449 |
-304.945 |
-594.267 |
23.796 |
24.888 |
|
Mutation
equity |
225,42 |
48,69 |
-2.597,34 |
-4,39 |
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Mutation
short term liabilities |
-48,80 |
-22,13 |
32,00 |
18,12 |
|
|
|
|||||
|
Return
on total assets (ROA) |
|
1,61 |
-17,76 |
1,75 |
0,28 |
|
Return
on equity (ROE) |
|
-43,56 |
314,77 |
587,54 |
60,62 |
|
Operating
result |
|
447.258 |
-1.447.656 |
-55.938 |
110.085 |
|
Net
result after taxes |
|
277.837 |
-1.618.390 |
161.538 |
6.887 |
|
|
|||||
|
EBIT |
|
447.258 |
-1.447.656 |
-55.938 |
110.085 |
Summary The 2013
financial result structure is a postive working captial of 1.477.841 euro, which
is in agreement with 31 % of the total assets of the company.
The working capital has diminished with -13.25 % 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 1.44. 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 0.31. A company with a Quick
Ratio of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a postive working captial of
1.703.544 euro, which is in agreement with 21 % of the total assets of the
company.
The working capital has diminished with -19.29 % compared to previous
year. The ratio, with respect to the total assets of the company has however,
increased.
The deterioration between 2011 and 2012 has mainly been caused by a
reduction of the current assets.
The current ratio of the company in 2012 was 1.26. 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 0.23. 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 De
Monchy Natural Products B.V.
Hoogvlietsekerkweg 156
3194AM Hoogvliet Rotterdam
Netherlands
Registration number: 244519570000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End
date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Total stock |
3.795.921 |
6.744.354 |
8.619.453 |
7.510.593 |
5.425.855 |
|
Total receivables |
1.039.709 |
1.516.952 |
1.912.567 |
501.188 |
|
|
Current assets |
4.835.631 |
8.261.305 |
10.532.020 |
8.011.781 |
5.425.855 |
|
Total assets |
4.835.631 |
8.261.305 |
10.532.020 |
8.011.781 |
5.425.855 |
|
|
|||||
|
Issued capital |
956.588 |
999.872 |
1.019.577 |
19.396 |
18.000 |
|
Legal
and statutory reserve |
4.265 |
4.458 |
4.546 |
|
|
|
Other
reserves |
-578.405 |
-1.587.112 |
|
-157.138 |
|
|
Non-distributable
profit |
|
277.837 |
1.618.390 |
161.538 |
6.887 |
|
Total reserves |
-574.140 |
-1.304.817 |
3.241.326 |
4.400 |
6.887 |
|
Total equity |
382.449 |
-304.945 |
-594.267 |
23.796 |
24.888 |
|
|
|||||
|
Financial
debts |
1.095.392 |
2.008.489 |
2.705.000 |
1.608.200 |
|
|
Long term liabilities |
1.095.392 |
2.008.489 |
2.705.000 |
1.608.200 |
|
|
Accounts
payable |
|
|
|
2.618 |
1.043.434 |
|
Other
short term liabilities |
|
|
|
6.377.167 |
4.357.534 |
|
Short term liabilities |
3.357.790 |
6.557.761 |
8.421.287 |
6.379.785 |
5.400.968 |
|
Total short and long term liabilities |
4.453.182 |
8.566.250 |
11.126.287 |
7.987.984 |
5.400.968 |
|
Total liabilities |
4.835.631 |
8.261.305 |
10.532.020 |
8.011.781 |
5.425.855 |
Summary The total assets
of the company decreased with -41.47 % between 2012 and 2013.
The asset reduction is in
contrast with the equity growth of 225.42 %. Due to this the total debt
decreased with -48.01 %.
The total assets of the
company decreased with -21.56 % between 2011 and 2012.
The asset reduction is in
contrast with the equity growth of 48.69 %. Due to this the total debt
decreased with -23.01 %.
|
Year |
2012 |
2011 |
2010 |
2009 |
|
|
Revenues |
484.146 |
|
|
264.549 |
|
|
Operating
expenses |
36.888 |
1.447.656 |
55.938 |
154.464 |
|
|
Operating result |
|
447.258 |
-1.447.656 |
-55.938 |
110.085 |
|
|
|||||
|
Financial
income |
|
20.979 |
502.089 |
|
|
|
Financial
expenses |
314.411 |
443.916 |
306.340 |
94.999 |
|
|
Financial
result |
-314.411 |
-422.937 |
195.749 |
-94.999 |
|
|
Result on ordinary operations before taxes |
|
132.847 |
-1.870.593 |
139.812 |
15.087 |
|
|
|||||
|
Taxation
on the result of ordinary activities |
-149.731 |
-253.241 |
|
1.722 |
|
|
Result of ordinary activities after taxes |
|
282.578 |
-1.617.352 |
139.812 |
13.365 |
|
|
|||||
|
Extraordinary
income |
|
|
21.726 |
|
|
|
Extraordinary
expense |
4.741 |
|
|
|
|
|
Extraordinary
result after taxation |
-4.741 |
-1.038 |
21.726 |
-6.477 |
|
|
Net result |
|
277.837 |
-1.618.390 |
161.538 |
6.887 |
Summary The operating
result of the company grew with 130.9 % between 2011 and 2012. This evolution
implies an increase of the company's economic profitability.
The result of these changes
is an increase of the company's Economic Profitability of 109.07 % of the
analysed period, being equal to 2011 % in the year 2012.
The Net Result of the
company decreased by 117.17 % 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 -113.84 % of the analysed period, being -43.56 % in
the year 2012.
The company's financial
profitability has been positively affected by its financial structure.
Analysis
Branch (SBI) Manufacture of
food products (10)
Region Groot Rotterdam
In the Netherlands 6059 of
the companies are registered with the SBI code 10
In the region Groot
Rotterdam 395 of the companies are registered with the SBI code 10
In the Netherlands 140 of
the bankrupcties are published within this sector
In the region Groot
Rotterdam 8 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 14-07-2014: De
jaarrekening over 2013 is gepubliceerd.
01-07-2013: De jaarrekening
over 2011 is gepubliceerd.
01-07-2013: De jaarrekening
over 2012 is gepubliceerd.
18-08-2011: De jaarrekening
over 2010 is gepubliceerd.
Amendments 27-06-2014: Per
26-6-2014 statuten gewijzigd. Per 26-6-2014 naam gewijzigd in: De Monchy
Natural Products B.V.
Company
structure
Relations 6
METON FOOD & CHEMICALS B.V.
Beursplein 37P/A
3011AA ROTTERDAM
Netherlands
Registration number: 241020690000
- De Monchy Natural Products B.V.
Hoogvlietsekerkweg 156
3194AM Hoogvliet Rotterdam
Netherlands
Registration number:
244519570000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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.