MIRA INFORM REPORT
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Report No. : |
334637 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DE HAAN SPECIAL EQUIPMENT B.V. |
|
|
|
|
Registered Office : |
Transistorweg 3 9503GT Stadskanaal |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
01.05.1983 |
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|
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Com. Reg. No.: |
02045016 |
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|
|
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Legal Form : |
Private Company |
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|
|
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Line of Business : |
Manufacture of machinery for construction and mining |
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|
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No. of Employees : |
31 |
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 |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
Haan Special Equipment B.V.
Operative address Transistorweg 3
9503GT Stadskanaal
Netherlands
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
02045016
VAT-number 006631666
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed
assets |
|
|
|
|
|
|
Total
receivables |
2.626.984 |
-2,69 |
2.699.535 |
52,84 |
1.766.197 |
|
Total
equity |
4.082.121 |
9,03 |
3.744.020 |
5,06 |
3.563.838 |
|
Short
term liabilities |
4.192.155 |
-22,42 |
5.403.981 |
11,50 |
4.846.750 |
|
Net
result |
2.238.101 |
10,24 |
2.030.182 |
12,94 |
1.797.575 |
|
Working
capital |
4.191.384 |
9,12 |
3.840.972 |
3,46 |
3.712.621 |
|
Quick
ratio |
0,67 |
26,42 |
0,53 |
1,92 |
0,52 |
Contact
information
Company name De Haan
Special Equipment B.V.
Trade names De Haan
Special Equipment B.V.
Operative address Transistorweg
3
9503GT Stadskanaal
Netherlands
Correspondence address Postbus 4
9500AA
Stadskanaal
Netherlands
Telephone number 0599613300
Fax number 0599621168
Email address de.haan@dhmsk.com
Website www.dhmsk.com
Registration
Registration number KvK-nummer:
02045016
Branch number 000015771024
VAT-number 006631666
Status Active
First registration company register 1983-07-13
Memorandum 1983-07-13
Establishment date 1983-05-01
Legal form Besloten
Vennootschap
Legal person since 1983-07-13
Last proposed admendment 2008-03-31
Issued placed capital EUR 60.750
Paid up share capital EUR 60.750
Activities
SBI Manufacture
of machinery for construction and mining (2892)
Exporter Yes
Importer Yes
Goal Producent van
hijs- en hefmateriaal
Relations
Shareholders De
Haan Beheer B.V.
Transistorweg 3
9503GT Stadskanaal
Netherlands
Registration number: 500959940000
Percentage: 100%
Companies on same address De
Haan Beheer B.V.
Registration number: 500959940000
Management
Active management H.D.
Meijering (Hindrik Dirk)
Netherlands
Competence: Limited
authorization
Function: Manager
Starting date: 2007-02-01
Date of birth: 1964-03-28,
Vlagtwedde, NL
D.A. Stamhuis (Dirk Albert)
Netherlands
Competence: Limited
authorization
Function: Manager
Starting date: 1997-09-01
Date of birth: 1955-06-09,
Onstwedde, NL
A.F. Schuurman (Adrianus
Franciscus)
Netherlands
Competence: Limited
authorization
Function: Manager
Starting date: 2007-02-01
Date of birth: 1968-09-20,
Nieuwkoop, NL
B.J. Vossenberg
(Bartholomeus Joseph)
Netherlands
Function: Commissaris
Starting date: 1999-11-17
Date of birth: 1956-06-21,
Gouda, NL
Involved with the following
companies
·
Bavebat B.V.
Transportweg 47
2421LT Nieuwkoop
Netherlands
Registration number: 281085450000
Function: General Director
O. Goeman (Otto)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 1995-08-21
Date of birth: 1954-03-06,
Groningen, NL
Employees
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
31 |
46 |
31 |
31 |
31 |
Payments
Score 6,61
Description The payments
are regular
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
0,67 |
0,53 |
0,52 |
0,78 |
0,92 |
|
Current
ratio |
2,00 |
1,71 |
1,77 |
2,07 |
2,76 |
|
|
|||||
|
Working
capital/ balance total |
0,50 |
0,42 |
0,43 |
0,52 |
0,61 |
|
Equity
/ balance total |
0,49 |
0,40 |
0,42 |
0,50 |
0,63 |
|
Equity
/ Fixed assets |
|
|
|
|
14,99 |
|
Equity
/ liabilities |
0,95 |
0,68 |
0,71 |
1,01 |
1,74 |
|
Balance
total / liabilities |
1,95 |
1,68 |
1,71 |
2,01 |
2,74 |
|
|
|||||
|
Working
capital |
4.191.384 |
3.840.972 |
3.712.621 |
4.401.150 |
6.298.748 |
|
Equity |
4.082.121 |
3.744.020 |
3.563.838 |
4.266.263 |
6.545.409 |
|
Mutation
equity |
9,03 |
5,06 |
-16,46 |
-34,82 |
9,55 |
|
Mutation
short term liabilities |
-22,42 |
11,50 |
17,94 |
14,82 |
-31,71 |
|
|
|||||
|
Return
on total assets (ROA) |
35,47 |
29,20 |
27,87 |
35,58 |
33,32 |
|
Return
on equity (ROE) |
72,84 |
72,09 |
66,94 |
70,98 |
52,51 |
|
Gross
margin |
6.500.877 |
6.195.030 |
5.769.713 |
5.687.033 |
6.021.234 |
|
Operating
result |
3.042.787 |
2.799.925 |
2.417.416 |
3.064.664 |
3.477.459 |
|
Net
result after taxes |
2.238.101 |
2.030.182 |
1.797.575 |
2.290.946 |
2.570.092 |
|
|
|||||
|
Cashflow |
|
|
|
2.452.440 |
2.683.429 |
|
EBIT |
3.042.787 |
2.799.925 |
2.417.416 |
3.064.664 |
3.477.459 |
|
EBITDA |
|
|
|
3.226.158 |
3.590.796 |
Summary The 2013 financial
result structure is a postive working captial of 4.191.384 euro, which is in
agreement with 50 % of the total assets of the company.
The working capital has
increased with 9.12 % 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 2. 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 0.67. 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 3.840.972 euro, which is in agreement with 42 %
of the total assets of the company.
The working capital has
increase with 3.46 % compared to previous year. The ratio with respect to the
total assets of the company has however, declined.
The improvement between
2011 and 2012 has mainly been caused by a current liabilities reduction.
The current ratio of the
company in 2012 was 1.71. A company with a current ratio between 1.5 and 3.0
generally indicates good short-term financial strength.
The quick ratio in 2012 of
the company was 0.53. 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
Haan Special Equipment B.V.
Transistorweg 3
9503GT Stadskanaal
Netherlands
Registration number: 020450160000
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 |
436.767 |
||||
|
Fixed
assets |
436.767 |
||||
|
Total
stock |
5.590.660 |
6.375.364 |
6.024.610 |
5.299.976 |
6.578.052 |
|
Total
receivables |
2.626.984 |
2.699.535 |
1.766.197 |
1.633.776 |
2.143.768 |
|
Liquid
funds |
165.895 |
170.054 |
768.564 |
1.577.076 |
1.156.222 |
|
Current
assets |
8.383.539 |
9.244.953 |
8.559.371 |
8.510.828 |
9.878.042 |
|
Total
assets |
8.383.539 |
9.244.953
|
8.559.371
|
8.510.828 |
10.314.809 |
|
Issued
capital |
60.750 |
60.750 |
60.750 |
60.750 |
60.750 |
|
Legal
and statutory reserve |
|
|
510 |
510 |
510 |
|
Other
reserves |
1.783.270 |
1.653.088 |
1.705.003 |
1.914.057 |
3.914.057 |
|
Non-distributable
profit |
2.238.101 |
2.030.182 |
1.797.575 |
2.290.946 |
2.570.092 |
|
Total
reserves |
4.021.371 |
3.683.270 |
3.503.088 |
4.205.513 |
6.484.659 |
|
Total
equity |
4.082.121 |
3.744.020 |
3.563.838 |
4.266.263 |
6.545.409 |
|
|
|||||
|
Provisions |
109.263 |
96.952 |
148.783 |
134.887 |
190.106 |
|
Short
term liabilities |
4.192.155 |
5.403.981 |
4.846.750 |
4.109.678 |
3.579.294 |
|
Total
short and long term liabilities |
4.301.418 |
5.500.933 |
4.995.533 |
4.244.565 |
3.769.400 |
|
Total
liabilities |
8.383.539 |
9.244.953 |
8.559.371 |
8.510.828 |
10.314.809 |
Summary The total assets
of the company decreased with -9.32 % between 2012 and 2013.
The asset reduction is in
contrast with the equity growth of 9.03 %. Due to this the total debt decreased
with -21.81 %.
The total assets of the
company increased with 8.01 % between 2011 and 2012.
The asset growth has mainly
been financed by a debt increase of 10.12 %. The Net Worth, however, grew with
5.06 %.
Profit and
loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross
margin |
6.500.877 |
6.195.030 |
5.769.713 |
5.687.033 |
6.021.234 |
|
|
|||||
|
Wages
and salaries |
1.306.858 |
1.293.691 |
1.094.788 |
1.147.925 |
1.060.665 |
|
Amorization
and depreciation |
|
|
|
161.494 |
113.337 |
|
other
operating costs |
2.151.232 |
2.101.414 |
2.257.509 |
1.312.950 |
1.369.773 |
|
Operating
expenses |
3.458.090 |
3.395.105 |
3.352.297 |
2.622.369 |
2.543.775 |
|
Operating
result |
3.042.787 |
2.799.925 |
2.417.416 |
3.064.664 |
3.477.459 |
|
|
|||||
|
Financial
income |
987 |
5.038 |
13.686 |
9.716 |
6.416 |
|
Financial
expenses |
70.378 |
105.740 |
45.386 |
46.285 |
46.564 |
|
Financial
result |
-69.391 |
-100.702 |
-31.700 |
-36.569 |
-40.148 |
|
Result
on ordinary operations before taxes |
2.973.396 |
2.699.223 |
2.385.716 |
3.028.095 |
3.437.311 |
|
|
|||||
|
Taxation
on the result of ordinary activities |
735.295 |
669.041 |
588.141 |
745.543 |
867.219 |
|
Result
of ordinary activities after taxes |
2.238.101 |
2.030.182 |
1.797.575 |
2.282.552 |
2.570.092 |
|
|
|||||
|
Extraordinary
income |
|
|
|
8.394 |
|
|
Extraordinary
result after taxation |
|
|
|
8.394 |
|
|
Net
result |
2.238.101 |
2.030.182 |
1.797.575 |
2.290.946 |
2.570.092 |
Summary The gross
profit of the company grew with 4.94 % between 2012 and 2013.
The operating result of the
company grew with 8.67 % between 2012and 2013. 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 21.47% of the
analysed period, being equal to 2012 % in the year 2013.
The Net Result of the company
decreased by 10.24 % between 2012 and 2013.
The company's Financial
Profitability has been negatively affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability reduction of 1.04 % of the analysed period, being 72.84 % in the
year 2013.
The company's financial
structure has slowed down its financial profitability.
The gross profit of the
company grew with 7.37 % between 2011 and 2012.
The operating result of the
company grew with 15.82 % 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 4.77 % of the
analysed period, being equal to 2011 % in the year 2012.
The Net Result of the
company decreased by 12.94 % 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 7.69 % of the analysed period, being 72.09 % in the
year 2012.
The company's financial
structure has slowed down its financial profitability.
Analysis
Branch (SBI) Manufacture of
machinery and equipment n.e.c. (28)
Region Groningen
In the Netherlands 4630 of
the companies are registered with the SBI code 28
In the region Groningen 118
of the companies are registered with the SBI code 28
In the Netherlands 136 of
the bankrupcties are published within this sector
In the region Groningen 3
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 Groningen is normal
Publications
Filings 15-01-2015: De
jaarrekening over 2013 is gepubliceerd.
02-11-2012: De jaarrekening
over 2011 is gepubliceerd.
10-01-2012: De jaarrekening
over 2010 is gepubliceerd.
Company
structure
Relations 9
Bavebat B.V.
Transportweg 47
2421LT Nieuwkoop
Netherlands
Registration number: 281085450000
• Onroerend Goed De Haan
B.V.
Zuideinde 84
2421AL Nieuwkoop
Netherlands
Registration number: 011793780000
• De Haan Beheer B.V.
Transistorweg 3
9503GT Stadskanaal
Netherlands
Registration number: 500959940000
• De Haan Special
Equipment B.V.
Transistorweg 3
9503GT Stadskanaal
Netherlands
Registration number: 020450160000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.93 |
|
UK Pound |
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.