MIRA INFORM REPORT
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Report No. : |
353718 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AEROX B.V. |
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Registered Office : |
Utrechtseweg 4A, 3451GG Vleuten |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
04.03.1975 |
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Com. Reg. No.: |
31020309 |
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Legal Form : |
Besloten Vennootschap |
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Line of Business : |
Subject is engaged in manufacture of other general-purpose machinery
and equipment |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company
name
AEROX B.V.
Summary
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Company name |
Aerox B.V. |
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Operative
address |
Utrechtseweg 4A |
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3451GG Vleuten |
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Netherlands |
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Legal form |
Besloten Vennootschap |
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Registration
number |
KvK-nummer: 31020309 |
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VAT-number |
003094042 |
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Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
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Fixed assets |
11. 937 |
-30,50 |
|
17.176 |
-36,22 |
* |
26.932 |
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Total receivables |
268.129 |
135,23 |
* |
113.986 |
-34,43 |
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173.840 |
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Total equity |
334.100 |
-24,25 |
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441.069 |
36,51 |
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323.099 |
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Short term liabilities |
996.688 |
103,25 |
* |
490.382 |
8,28 |
* |
452.867 |
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Working capital |
322.163 |
-24,00 |
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423.893 |
43,13 |
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296.167 |
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Quick ratio |
0,86 |
-21,10 |
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1,09 |
34,57 |
|
0,81 |
Contact
information
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Company
name |
Aerox B.V. |
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Trade
names |
Aerox B.V. |
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Operative
address |
Utrechtseweg 4A |
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3451GG Vleuten |
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Netherlands |
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Correspondence
address |
Postbus 1 |
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3450AA Vleuten |
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Netherlands |
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Telephone
number |
0306779180 |
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Fax
number |
0306779189 |
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Email
address |
info@aerox.nl |
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Website |
www.aeroxinjector.com |
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Registration
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Registration
number |
KvK-nummer: 31020309 |
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Branch
number |
000016404475 |
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VAT-number |
003094042 |
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Status |
Active |
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First
registration company register |
1975-03-04 |
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Memorandum |
1975-03-04 |
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Establishment
date |
1975-03-04 |
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Legal
form |
Besloten Vennootschap |
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Last
proposed admendment |
2001-02-09 |
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Issued
placed capital |
EUR 45.000 |
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Paid up
share capital |
EUR 45.000 |
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Activities
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SBI |
2829: Manufacture of other general-purpose machinery and equipment |
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Exporter |
Yes |
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Importer |
Yes |
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Branche
organisations |
Aqua Nederland |
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VLM - Vereniging van Leveranciers van Milieutechnologie |
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Goal |
Het ontwerpen of doen ontwerpen, het fabriceren of doen fabriceren, het leveren en monteren, de import en export van milieutechnische installaties en componenten voor apparaten, machines en installaties voor de procesindustrie en het verhuren van voormelde apparaten, machines en installaties, zowel voor eigen rekening als op provisie- basis en voorts het verrichten van al hetgeen met het vorenstaande verband houdt of daaraan bevorderlijk kan zijn. |
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Relations
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Companies
on same address |
Verder International B.V. |
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Registration number: 302041580000 |
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Management
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Active
management |
Pindustry B.V. Utrechtseweg 4A 3451GG VLEUTEN Netherlands Registration number: 601344610000 Competence: Fully authorized Function: Manager Starting date: 2014-07-11 G.P.A. Leenders Gerardus Petrus Adrianus Netherlands Competence: Fully authorized Function: Proxy Starting date: 2001-03-01 Date of birth: 1960-10-28, Amersfoort, NL T.C. van Haaren Timo Carel Netherlands Competence: Limited authorization Function: Proxy Starting date: 2007-04-03 Date of birth: 1975-02-28, Valburg, NL |
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Employees
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Year |
2015 |
2014 |
2013 |
2012 |
2011 |
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Total |
4 |
4 |
7 |
4 |
4 |
Key
figures
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Year |
2014 |
2013 |
2012 |
2011 |
2010 |
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Quick ratio |
0,86 |
1,09 |
0,81 |
0,81 |
1,08 |
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Current ratio |
1,32 |
1,86 |
1,65 |
1,43 |
1,75 |
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Working capital/
balance total |
0,24 |
0,46 |
0,38 |
0,30 |
0,42 |
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Equity / balance
total |
0,25 |
0,47 |
0,42 |
0,31 |
0,44 |
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Equity / Fixed assets |
27,99 |
25,68 |
12,00 |
20,38 |
27,73 |
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Equity /
liabilities |
0,34 |
0,90 |
0,71 |
0,45 |
0,77 |
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Balance total /
liabilities |
1,34 |
1,90 |
1,71 |
1,45 |
1,77 |
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Working capital |
322.163 |
423.893 |
296.167 |
241.964 |
493.819 |
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Equity |
334.100 |
441.069 |
323.099 |
254.448 |
512.295 |
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Mutation equity |
-24,25 |
36,51 |
26,98 |
-50,33 |
19,71 |
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Mutation short
term liabilities |
103,25 |
8,28 |
-19,15 |
-15,40 |
228,36 |
Summary
The 2014
financial result structure is a postive working captial of 322.163 euro, which
is in agreement with 24 % of the total assets of the company.
The working capital
has diminished with -24 % compared to previous year. The ratio, with respect to the total assets
of the company has however, declined.
The deterioration
between 2013 and 2014 has mainly been caused by an increase of the current
liabilities.
The current ratio
of the company in 2014 was 1.32. When
the current ratio is below 1.5, the company may have problems meeting its
short-term obligations.
The quick ratio
in 2014 of the company was 0.86. 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 423.893 euro, which
is in agreement with 46 % of the total assets of the company.
The working
capital has increased with 43.13 % 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 1.86. 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 1.09. A company with a Quick Ratio of more than 1
can currently pay back its current liabilities.
Financial
statement
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Last
annual account |
2014 |
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Remark annual
account |
The company is obliged to file its financial statements. |
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Type of
annual account |
Corporate |
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Annual account |
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Aerox
B.V. Utrechtseweg
4A 3451GG
Vleuten Netherlands Registration
number: 310203090000 |
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Balance
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Year |
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2014 |
2013 |
2012 |
2011 |
2010 |
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End date |
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2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
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Tangible
fixed assets |
11.937 |
17.176 |
26.932 |
12.484 |
18.476 |
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Fixed assets |
11.937 |
17.176 |
26.932 |
12.484 |
18.476 |
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Total stock |
457.916 |
380.527 |
382.780 |
347.673 |
441.117 |
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Total
receivables |
268.129 |
113.986 |
173.840 |
315.611 |
156.954 |
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Liquid funds |
592.806 |
419.762 |
192.414 |
138.802 |
557.803 |
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Current assets |
1.318.851 |
914.275 |
749.034 |
802.086 |
1.155.874 |
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Total assets |
1.330.788 |
931.451 |
775.966 |
814.570 |
1.174.350 |
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Issued capital |
45.378 |
45.378 |
45.378 |
45.378 |
45.378 |
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Year |
2014 |
2013 |
2012 |
2011 |
2010 |
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End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
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Share premium
reserve |
270.750 |
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Other reserves |
17.972 |
395.691 |
277.721 |
209.070 |
466.917 |
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Total reserves |
288.722 |
395.691 |
277.721 |
209.070 |
466.917 |
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Total equity |
334.100 |
441.069 |
323.099 |
254.448 |
512.295 |
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Short term
liabilities |
996.688 |
490.382 |
452.867 |
560.122 |
662.055 |
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Total short and
long term liabilities |
996.688 |
490.382 |
452.867 |
560.122 |
662.055 |
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Total liabilities |
1.330.788 |
931.451 |
775.966 |
814.570 |
1.174.350 |
Summary
The total assets of the company increased
with 42.87 % between 2013 and 2014.
Despite the assets growth, the non current assets decreased with -30.5
%.
Asset growth is in contrasts with the net worth decline of -24.25 %.
The company's indebtedness has, therefore, increased with 103.25 %.
In 2014 the assets of the company were 0.9 % composed of fixed assetsand
99.1 % by current assets. The assets are being financed by an equity of 25.11
%, and total debt of 74.89 %.
The total assets of the company increased with 20.04 % between 2012 and
2013.
Despite the assets growth, the non current assets decreased with -36.22
%.
The asset growth has mainly been financed by a Net Worth increase of
36.51 %. Debt, however, grew with 8.28 %.
In 2013 the assets of the company were 1.84 % composed of fixed assets
and 98.16 % by current assets. The assets are being financed by an equity of
47.35 %, and total debt of 52.65 %.
Analysis
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Branch (SBI) |
Architects, engineers and technical design and consultancy; testing |
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and analysis (SBI code 71) |
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Region |
Westelijk Utrecht |
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Summary |
In the Netherlands 47723 of the companies are
registered with the SBI |
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code 71 |
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In the region Westelijk Utrecht 2173 of the
companies are registered |
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with the SBI code 71 |
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In the Netherlands 534 of the bankrupcties are
published within this |
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sector |
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In the region Westelijk Utrecht 16 of the bankruptcies
are published |
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within this sector |
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The risk of this specific sector in the Netherlands is normal |
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The risk of this specific sector in the region Westelijk Utrecht is |
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normal |
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Publications
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Deposits |
03-06-2015: De jaarrekening over 2014 is gepubliceerd. |
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27-01-2015: De jaarrekening over 2013 is gepubliceerd. |
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16-10-2013: De jaarrekening over 2012 is gepubliceerd. |
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08-02-2013: De jaarrekening over 2011 is gepubliceerd. |
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26-03-2012: De jaarrekening over 2010 is gepubliceerd. |
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07-04-2011: De jaarrekening over 2009 is gepubliceerd. |
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Functions |
16-12-2014: Per 11-07-2014 is bestuurder 30024315
Verder Liquids B.V. |
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uit functie getreden. |
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11-12-2014: Per 11-07-2014 is bestuurder 60134461 Pindustry B.V. in |
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functie getreden. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.24 |
|
|
1 |
Rs.102.21 |
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Euro |
1 |
Rs.72.57 |
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|
1 |
Rs. |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
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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 |
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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 |
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-- |
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.