MIRA INFORM REPORT

 

 

Report No. :

354989

Report Date :

19.12.2015

 

IDENTIFICATION DETAILS

 

Name :

BARTS B.V.

 

 

Registered Office :

Archangelkade 30 1013BE Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

01.01.1999

 

 

Com. Reg. No.:

KvK-nummer: 34130601

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of outerwear.

 

 

No. of Employee :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

Restricted

 

C2

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                        Barts B.V.

Operative address                    Archangelkade 30

1013BE Amsterdam

Netherlands

 

Legal form                               Private Limited Company

Registration number                KvK-nummer: 34130601

VAT-number                             818333406

 

 

Year

 

2014

Mutation

 

Mutation

2012

Fixed  assets

3.535.272

 

 

-100,00

5.202.571

Total receivables

1.578.303

 

 

-100,00

1.933.601

Total equity

4.110.700

 

 

-100,00

9.576.361

Short term liabilities

5.384.942

 

 

-100,00

8.065.595

Net result

2.935.680

 

 

-100,00

9.238.995

Working capital

7.939.464

 

 

-100,00

6.204.167

Quick ratio

1,15

 

0,00

-100,00

0,60

 

 

 

 

Contact information

 

Company name                        Barts B.V.

Trade names                            Barts B.V.

 

Operative address                    Archangelkade 30

1013BE Amsterdam

 

Netherlands

 

Correspondence address         Moermanskkade 101

1013BC Amsterdam

Netherlands

 

Telephone number                   0204208585

 

 

Registration

 

Registration number                            KvK-nummer: 34130601

Branch number                                    000017121426

VAT-number                                         818333406

 

Status                                                  Active

First registration company register      2007-06-06

Memorandum                                       2007-05-29

Establishment date                              1999-01-01

 

Legal form                                           Private Limited Company

Legal person since                               2007-05-29

Last proposed admendment                 2008-06-23

 

Issued placed capital                           EUR 40.000

Paid up share capital                           EUR 40.000

 

 

Activities

 

SBI                                           46421: Wholesale of outerwear

 

Exporter                                   Yes

Importer                                   Yes

 

Goal                                         Groothandel in, im- en export van, alsmede het ontwerpen en laten produceren van kleding en accessoires

 

 

Relations

 

Companies on same address (number)            12

 

 

Management

 

Active management                              FHR Beheer B.V.

Archangelkade 30

1013BE AMSTERDAM

Netherlands

Registration number: 58273514

Competence: Fully authorized

Function: Manager

Starting date: 2013-06-28

H. Hu Haiqiao

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-12-01

Date of birth: 1976-02-14, Wencheng, CN

R.O.B.E.R. Kaizer Rober Olivier Bastiaan Eduard

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-12-01

Date of birth: 1982-09-25, Amersfoort, NL

 

 

Employees

 

Total according to the Chamber of Commerce             22

 

 

Year

 

2015

2014

2013

2012

2011

Total

22

22

22

22

22

 

 

 

Payments

 

Description                  Overeenkomstig conditie

 

 

Key figures

 

Year

 

2014

2012

2011

2010

Quick  ratio

1,15

0,60

0,62

0,51

 

 

Year

 

2014

2012

2011

2010

Current  ratio

2,47

1,77

1,56

1,09

Working  capital/  balance  total

0,47

0,32

0,26

0,05

Equity  /  balance  total

0,24

0,49

0,44

0,30

Equity  /  Fixed  assets

1,16

1,84

1,63

0,91

Equity  /  liabilities

0,32

0,97

0,79

0,43

Balance  total  /  liabilities

1,32

1,97

1,79

1,43

Working  capital

7.939.464

6.204.167

4.931.248

861.306

Equity

4.110.700

9.576.361

8.337.366

4.921.539

Mutation  equity

 

14,86

69,41

-47,68

Mutation  short  term  liabilities

 

-9,20

-11,98

403,68

Return  on  total  assets  (ROA)

23,16

64,76

58,83

39,68

Return  on  equity  (ROE)

95,00

131,69

133,50

131,79

Gross  margin

10.093.035

18.294.369

16.124.162

10.867.236

Operating  result

4.399.375

12.288.119

10.754.523

6.110.020

Net  result  after  taxes

2.935.680

9.238.995

8.297.366

4.812.156

Cashflow

4.223.249

10.399.955

9.281.447

5.778.641

EBIT

4.399.375

12.288.119

10.754.523

6.110.020

EBITDA

5.686.944

13.449.079

11.738.604

7.076.505

 

Summary         The 2014 financial result structure is a postive working captial of 7.939.464 euro, which is in

agreement with 47 % of the total assets of the company.

The current ratio of the company in 2014 was 2.47. 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 1.15. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

 

 

 

 

 

 

Financial statement

 

Last annual account                             2014

Remark annual account                        The company is obliged to file its financial statements.

Type of annual account                        Corporate

Annual account                                    Barts B.V.

Archangelkade 30

1013BE Amsterdam

Netherlands

Registration number: 34130601

 

 

Balance SHEET

 

Year

 

2014

2012

2011

2010

End  date

2014-06-30

2012-06-30

2011-06-30

2010-06-30

Intangible  fixed  assets

2.155.235

3.795.275

4.507.947

4.875.000

Tangible  fixed  assets

1.182.924

1.115.068

596.220

517.646

Financial  fixed  assets

197.113

292.228

 

 

Fixed  assets

3.535.272

5.202.571

5.104.167

5.392.646

Total  stock

7.115.265

9.457.744

8.287.337

5.782.213

Accounts  receivable

 

364.039

 

 

Other  receivables

 

1.569.562

 

 

Total  receivables

1.578.303

1.933.601

789.883

437.495

Liquid  funds

4.630.838

2.878.417

4.737.216

4.733.791

Current  assets

13.324.406

14.269.762

13.814.436

10.953.499

Total  assets

16.859.678

19.472.333

18.918.603

16.346.145

Issued  capital

40.000

40.000

40.000

40.000

Other  reserves

4.070.700

9.536.361

8.297.366

4.881.539

Total  reserves

4.070.700

9.536.361

8.297.366

4.881.539

Total  equity

4.110.700

9.576.361

8.337.366

4.921.539

Provisions

781.501

1.830.377

1.698.049

1.332.413

Long  term  interest  yielding  debt

6.582.535

 

 

 

Long  term  liabilities

6.582.535

 

 

 

 

Summary         In 2014 the assets of the company were 20.97 % composed of fixed assets and 79.03 % by

current assets. The assets are being financed by an equity of 24.38 %, and total debt of

75.62 %.

 

 

 

 

Profit and loss

 

Year

 

2014

2012

2011

2010

Gross  margin

10.093.035

18.294.369

16.124.162

10.867.236

Wages  and  salaries

1.855.537

2.200.877

1.968.879

1.733.839

Amorization  and  depreciation

1.287.569

1.160.960

984.081

966.485

other  operating  costs

2.550.554

2.644.413

2.416.679

2.056.892

Operating  expenses

5.693.660

6.006.250

5.369.639

4.757.216

Result  in  subsidiaries

724

 

 

 

Operating  result

4.399.375

12.288.119

10.754.523

6.110.020

Financial  income

71.159

 

 

398.604

Financial  expenses

565.957

 

 

22.464

Financial  result

-494.798

322.968

375.620

376.140

 

 

Year

 

2014

2012

2011

2010

Result  on  ordinary  operations  before  taxes

3.905.301

12.611.087

11.130.143

6.486.160

Taxation  on  the  result  of  ordinary  activities

965.872

3.409.957

2.840.454

1.674.782

Result  of  ordinary  activities  after  taxes

2.939.429

9.201.130

8.289.689

4.811.378

Extraordinary  income

 

37.865

7.677

778

Extraordinary  expense

3.749

 

 

 

Extraordinary  result  after  taxation

-3.749

37.865

7.677

778

Net  result

2.935.680

9.238.995

8.297.366

4.812.156

 

Summary         The company's Financial Profitability has been neutrally affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is the unchanged

profitability of the analysed period, remaining unchanged at 95 in the year 2014.

 

 

 

 

Analysis

 

Branch (SBI)                 Wholesale trade (no motor vehicles and motorcycles) (SBI code 46)

Region                         Groot Amsterdam

Summary                     In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Groot Amsterdam 10512 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 Groot Amsterdam 209 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 Amsterdam is normal

 

 

Publications

 

Deposits                       18-12-2014: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.

30-07-2013: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

30-07-2012: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

27-01-2011: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

Functions                     10-02-2014: Per 28-06-2013 is bestuurder 58273514 FHR Beheer B.V. in functie getreden.

10-02-2014: Per 28-06-2013 is bestuurder 33256424 Barts Beheer B.V. uit functie getreden.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

EUR

1

Rs.72.06

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

 

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