MIRA INFORM REPORT
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Report No. : |
337102 |
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Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
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Name : |
BENZLER-TECHNISCH BURO AANDRIJFTECHNIEK B.V. |
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|
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Registered Office : |
Jachthavenweg 2, 5928NT Venlo |
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Country : |
Netherlands
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Financials (as on) : |
30.03.2015 |
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Date of Incorporation : |
01.07.1983 |
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Com. Reg. No.: |
12021081 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturing,
Assembly and Wholesale Trade of Mechanical and Electronic Drive Components
and Systems |
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No. of Employees : |
17 [2015] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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.
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Source
: CIA |
Summary
Company name Benzler-Technisch
Buro Aandrijftechniek B.V.
Operative address Jachthavenweg 2
5928NT Venlo
Netherlands
Legal form Private Company
Registration
number KvK-nummer: 12021081
VAT-number 006495771
|
Year |
2015 |
Mutation |
2014 |
Mutation |
2013 |
|
Fixed assets |
161.330 |
1,80 |
158.470 |
-10,33 |
176.730 |
|
Total receivables |
1.594.790 |
118,87 |
728.632 |
-11,17 |
820.250 |
|
Total equity |
884.795 |
5,64 |
837.529 |
3,28 |
810.959 |
|
Short term liabilities |
1.409.497 |
129,80 |
613.368 |
0,06 |
613.019 |
|
Working capital |
723.465 |
6,54 |
679.059 |
7,07 |
634.229 |
|
Quick ratio |
1,22 |
-14,08 |
1,42 |
-7,19 |
1,53 |
Contact
information
Company name Benzler-Technisch
Buro Aandrijftechniek B.V.
Trade names Benzler-Technisch
Buro Aandrijftechniek B.V.
Benzlers
Operative address Jachthavenweg 2
5928NT Venlo
Netherlands
Correspondence address Jachthavenweg 2
5928NT Venlo
Netherlands
Telephone number 0773245900
Fax number 0773245901
Email address mail@benzlers.com
Website www.benzlers.com
Registration
Registration number KvK-nummer:
12021081
Branch number 000018914926
VAT-number 006495771
Status Active
First registration company register 1983-07-14
Memorandum 1983-07-04
Establishment date 1983-07-01
Legal form Private Company
Last proposed admendment 2010-12-24
Issued placed capital EUR 204.300
Paid up share capital EUR 204.300
Activities
SBI 4652: Wholesale of
electronic and communication equipment and related
parts
Exporter No
Importer No
Goal Manufacturing, assembly and wholesale
trade of mechanical and electronic drive components and systems
Relations
Shareholders AB
Benzler
Landskronavagen 1
Helsingborg 25232
Sweden
Percentage: 100%
Shareholders Naam: AB Benzler
Bezoekadres: Landskronavagen 1, Helsingborg 25232, Zweden
Ingeschreven in: Bolagsverket Sundsvall, Zweden onder nummer 556043-6007
Enig aandeelhouder sedert: 30-06-1994
Management
Active management P.C.
Amin Prashant Chandrakant
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2010-11-26
Date of birth: 1956-08-09, Tatanagar, NL
H. Chasmawalla Alias Shroff Harish
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2014-11-27
Date of birth: 1971-11-09, Mumbai, IN
H.J.V.M. van Meijel Henricus Johannes
Vincentius M
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2005-04-19
Date of birth: 1962-01-20, Venray, NL
L.L.V. Johansson Leif Lennart Veine
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-11-03
Date of birth: 1959-02-27, Vetlanda, SE
R.M. Bhagwatkar Rushikesh Mahendra
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2014-11-27
Date of birth: 1987-09-16, Nagpur, IN
Employees
|
Year |
2015 |
2014 |
2012 |
2011 |
2010 |
|
Total |
17 |
16 |
17 |
17 |
16 |
Payments
Description No Complaints
|
KEY FIGURES |
|
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Quick ratio |
1,22 |
1,42 |
1,53 |
1,57 |
2,11 |
|
Current ratio |
1,51 |
2,11 |
2,03 |
2,05 |
2,78 |
|
Working capital/ balance
total |
0,32 |
0,47 |
0,45 |
0,44 |
0,57 |
|
Equity / balance
total |
0,39 |
0,58 |
0,57 |
0,58 |
0,68 |
|
Equity / Fixed
assets |
5,48 |
5,29 |
4,59 |
4,06 |
6,05 |
|
Equity / liabilities |
0,63 |
1,37 |
1,32 |
1,40 |
2,14 |
|
Balance total /
liabilities |
1,63 |
2,37 |
2,32 |
2,40 |
3,14 |
|
Working capital |
723.465 |
679.059 |
634.229 |
600.571 |
938.092 |
|
Equity |
884.795 |
837.529 |
810.959 |
796.901 |
1.123.882 |
|
Mutation equity |
5,64 |
3,28 |
1,76 |
-29,09 |
|
|
Mutation short term
liabilities |
129,80 |
0,06 |
7,61 |
8,30 |
|
Summary
The 2015 financial result structure is a postive working captial of
723.465 euro, which is in
agreement with 32 % of the total assets of the company.
The working capital has increase with 6.54 % compared to previous year.
The ratio with
respect to the total assets of the company has however, declined.
The improvement between 2014 and 2015 has mainly been caused by a
current liabilities
reduction.
The current ratio of the company in 2015 was 1.51. A company with a
current ratio between
1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2015 of the company was 1.22. A company with a Quick
Ratio of more than
1 can currently pay back its current liabilities.
The 2014 financial result structure is a postive working captial of
679.059 euro, which is in
agreement with 47 % of the total assets of the company.
The working capital has increased with 7.07 % 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 2.11. 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 1.42. A company with a Quick Ratio of more than
1 can currently pay back its current liabilities.
Financial
statement
Last annual account 2015
Remark annual account The company is obliged
to file its financial statements.
Type of annual account Corporate
Annual account Benzler-Technisch
Buro Aandrijftechniek B.V.
Jachthavenweg 2
5928NT Venlo
Netherlands
Registration number: 12021081
Balance
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
End date |
2015-03-30 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
|
Tangible fixed assets |
161.330 |
158.470 |
176.730 |
196.330 |
185.790 |
|
Fixed assets |
161.330 |
158.470 |
176.730 |
196.330 |
185.790 |
|
Raw materials |
419.169 |
|
|
|
|
|
Total stock |
419.169 |
423.356 |
308.569 |
277.957 |
356.441 |
|
Total receivables |
1.594.790 |
728.632 |
820.250 |
737.171 |
748.501 |
|
Liquid funds |
119.003 |
140.439 |
118.429 |
155.088 |
359.114 |
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
End
date |
2015-03-30 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
|
Current assets |
2.132.962 |
1.292.427 |
1.247.248 |
1.170.216 |
1.464.056 |
|
Total assets |
2.294.292 |
1.450.897 |
1.423.978 |
1.366.546 |
1.649.846 |
|
Issued capital |
204.300 |
204.300 |
204.300 |
204.300 |
204.300 |
|
Other reserves |
680.495 |
633.229 |
606.659 |
592.601 |
919.582 |
|
Total reserves |
680.495 |
633.229 |
606.659 |
592.601 |
919.582 |
|
Total equity |
884.795 |
837.529 |
810.959 |
796.901 |
1.123.882 |
|
Short term
liabilities |
1.409.497 |
613.368 |
613.019 |
569.645 |
525.964 |
|
Total short
and long term
liabilities |
1.409.497 |
613.368 |
613.019 |
569.645 |
525.964 |
|
Total liabilities |
2.294.292 |
1.450.897 |
1.423.978 |
1.366.546 |
1.649.846 |
Summary
The total assets of the company increased with 58.13 % between 2014 and
2015.
The fixed asset growth of 1.8 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 129.8 %.
The Net Worth,
however, grew with 5.64 %.
In 2015 the assets of the company were 7.03 % composed of fixed assets
and 92.97 % by
current assets. The assets are being financed by an equity of 38.57 %,
and total debt of
61.43 %.
The total assets of the company increased with 1.89 % between 2013 and
2014.
Despite the assets growth, the non current assets decreased with -10.33
%.
In 2014 the assets of the company were 10.92 % composed of fixed assets
and 89.08 % by
current assets. The assets are being financed by an equity of 57.72 %,
and total debt of
42.28 %.
Analysis
Branch (SBI) Wholesale trade (no
motor vehicles and motorcycles) (SBI code 46)
Region Limburg
Summary In the Netherlands
109662 of the companies are registered with the SBI code 46
In the region Limburg 5542 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 Limburg 125 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 Limburg is normal
Publications
Deposits 03-08-2015: De
jaarrekening over 2015 (gebroken boekjaar) is gepubliceerd.
12-06-2013: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
06-07-2012: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
27-06-2011: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
Functions 05-01-2015: Per
27-11-2014 is bestuurder Mark Ashley Cooper uit functie getreden.
17-12-2014: Per 27-11-2014 is bestuurder
Harish Chasmawalla Alias Shroff in functie
getreden.
17-12-2014: Per 27-11-2014 is gevolmachtigde
Rushikesh Mahendra Bhagwatkar in functie
getreden.
08-12-2014: Per 27-11-2014 is bestuurder Rolf
Hakan Nidsjo uit functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
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 |
-- |
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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.