MIRA INFORM REPORT
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Report No. : |
355990 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
EXIM HANDELSONDERNEMING ROTTERDAM B.V. |
|
|
|
|
Registered Office : |
Cairostraat 50, 3047BC Rotterdam |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
13.11.1974 |
|
|
|
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Com. Reg. No.: |
24221133 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The
manufacture, import, export , Regu- trade (wholesale) and distributing
flexible bulk bags, woven bags, slings , foils, paper and plastic bags,
canvas and sails connection means as well as participate in other companies |
|
|
|
|
No. of Employees : |
10 [2015] |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 Exim
Handelsonderneming Rotterdam B.V.
Operative address Cairostraat 50
3047BC Rotterdam
Netherlands
Legal form Private Limited
Company
Registration number KvK-nummer:
24221133
VAT-number 003265766
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
71.948 |
-1,56 |
73.090 |
-37,12 |
116.237 |
|
Total receivables |
2.534.150 |
7,79 |
2.350.908 |
6,01 |
2.217.563 |
|
Total equity |
3.314.374 |
45,23 |
2.282.185 |
40,61 |
1.623.112 |
|
Short term
liabilities |
4.096.852 |
4,16 |
3.933.204 |
-18,39 |
4.819.547 |
|
Net result |
1.032.189 |
56,61 |
659.073 |
71,34 |
384.654 |
|
Working capital |
3.242.426 |
46,78 |
2.209.095 |
46,60 |
1.506.875 |
|
Quick ratio |
0,62 |
3,33 |
0,60 |
30,43 |
0,46 |
Contact
information
Company name Exim
Handelsonderneming Rotterdam B.V.
Trade names Exim
Handelsonderneming Rotterdam B.V.
Operative address Cairostraat 50
3047BC Rotterdam
Netherlands
Correspondence address Cairostraat 50
3047BC Rotterdam
Netherlands
Telephone number 0104623511
Fax number 0104626939
Email address exim@zakkencentrale.nl
Website www.zakkencentrale.nl
Registration
Registration number KvK-nummer:
24221133
Branch number 000019979908
VAT-number 003265766
Status Active
First registration company register 1974-11-28
Memorandum 1974-11-13
Establishment date 1974-11-13
Legal form Private Limited
Company
Last proposed admendment 2007-11-14
Issued placed capital EUR 6.810
Paid up share capital EUR 6.810
Activities
SBI 46696: Wholesale
of packaging materials
Exporter Yes
Importer Yes
Goal The manufacture , import, export , Regu-
trade ( wholesale) and
distributing flexible bulk bags, woven bags, slings , foils, paper and
plastic bags, canvas and sails connection means as well as participate in other
companies
Relations
Shareholders Ihor
Internationaal B.V.
Cairostraat 50
3047BC ROTTERDAM
Netherlands
Registration number: 24230131
Percentage: 100%
Companies on same address B.V.
Industriële Handelsonderneming Rotterdam (Ihor)
Registration number: 24213747
Gebr. J. en W.F. Goode B.V.
Registration number: 24205428
Ihor Internationaal B.V.
Registration number: 24230131
Stichting Administratie Ihor
Registration number: 41136415
Zakkencentrale B.V.
Registration number: 24213372
Zakkencentrale Nederland B.V.
Registration number: 24221623
Management
Active management H.W.T.G.
Peters Harmen Willem Theodoor Gertrud
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1997-01-01
Date of birth: 1964-01-13, Nijmegen, NL
Involved with the following companies:
Zakkencentrale B.V.
Cairostraat 50
3047BC Rotterdam
Netherlands
Registration number: 24213372
Function: Manager
D.I. Buise Denise Ingeborg
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1997-10-01
Date of birth: 1966-04-04, 's-Gravenhage, NL
Involved with the following companies:
Zakkencentrale B.V.
Cairostraat 50
3047BC Rotterdam
Netherlands
Registration number: 24213372
Function: Manager
F.D. van Wijngaarden Franciscus David
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2004-01-30
Date of birth: 1948-08-17, Rotterdam, NL
Involved with the following companies:
Zakkencentrale B.V.
Cairostraat 50
3047BC Rotterdam
Netherlands
Registration number: 24213372
Function: Proxy
Employees
|
Total according
to the Chamber of Commerce |
10 |
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
10 |
11 |
10 |
11 |
11 |
Payments
|
|
|
Description |
Overeenkomstig conditie |
Key
figures
|
|
|
|
|
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,62 |
0,60 |
0,46 |
0,46 |
0,57 |
|
Current ratio |
1,79 |
1,56 |
1,31 |
1,31 |
1,28 |
|
Working capital/ balance
total |
0,44 |
0,36 |
0,23 |
0,24 |
0,21 |
|
Equity / balance
total |
0,45 |
0,37 |
0,25 |
0,25 |
0,22 |
|
Equity / Fixed
assets |
46,07 |
31,22 |
13,96 |
17,18 |
22,31 |
|
Equity / liabilities |
0,81 |
0,58 |
0,34 |
0,33 |
0,29 |
|
Balance total /
liabilities |
1,81 |
1,58 |
1,34 |
1,33 |
1,29 |
|
Working capital |
3.242.426 |
2.209.095 |
1.506.875 |
1.448.926 |
1.132.316 |
|
Equity |
3.314.374 |
2.282.185 |
1.623.112 |
1.538.458 |
1.185.444 |
|
Mutation equity |
45,23 |
40,61 |
5,50 |
29,78 |
24,01 |
|
Mutation short term
liabilities |
4,16 |
-18,39 |
4,54 |
12,05 |
52,12 |
|
Return on total
assets (ROA) |
18,57 |
10,52 |
7,96 |
11,58 |
|
|
Return on equity
(ROE) |
41,52 |
28,66 |
31,58 |
46,28 |
|
|
Gross margin |
2.853.436 |
2.164.997 |
2.125.330 |
2.191.763 |
|
|
Operating result |
1.408.466 |
685.437 |
615.452 |
812.244 |
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Net result
after taxes |
1.032.189 |
659.073 |
384.654 |
533.013 |
|
|
Cashflow |
1.057.926 |
693.138 |
408.469 |
556.372 |
|
|
EBIT |
1.408.466 |
685.437 |
615.452 |
812.244 |
|
|
EBITDA |
1.434.203 |
719.502 |
639.267 |
835.603 |
|
Summary
The 2014 financial result
structure is a postive working captial of 3.242.426 euro, which is in
agreement with 44 %
of the total assets of the company.
The working capital
has increased with 46.78 % 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 1.79. 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 0.62. 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 2.209.095 euro, which is in
agreement with 36 %
of the total assets of the company.
The working capital
has increased with 46.6 % 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 1.56. 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 0.6. A company with a Quick Ratio of less than 1
cannot 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 Exim
Handelsonderneming Rotterdam B.V.
Cairostraat 50
3047BC Rotterdam
Netherlands
Registration number: 24221133
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
71.948 |
73.090 |
116.237 |
89.532 |
53.128 |
|
Fixed assets |
71.948 |
73.090 |
116.237 |
89.532 |
53.128 |
|
Total stock |
4.801.158 |
3.768.755 |
4.103.236 |
3.933.718 |
2.895.477 |
|
Total receivables |
2.534.150 |
2.350.908 |
2.217.563 |
2.120.563 |
2.334.578 |
|
Liquid funds |
3.970 |
22.636 |
5.623 |
5.042 |
16.855 |
|
Current assets |
7.339.278 |
6.142.299 |
6.326.422 |
6.059.323 |
5.246.910 |
|
Total assets |
7.411.226 |
6.215.389 |
6.442.659 |
6.148.855 |
5.300.038 |
|
Issued capital |
6.810 |
6.810 |
6.810 |
6.810 |
6.810 |
|
Legal and statutory
reserve |
|
|
|
11.190 |
11.190 |
|
Other reserves |
3.307.564 |
2.275.375 |
1.616.302 |
1.520.458 |
1.167.444 |
|
Total reserves |
3.307.564 |
2.275.375 |
1.616.302 |
1.531.648 |
1.178.634 |
|
Total equity |
3.314.374 |
2.282.185 |
1.623.112 |
1.538.458 |
1.185.444 |
|
Short term liabilities |
4.096.852 |
3.933.204 |
4.819.547 |
4.610.397 |
4.114.594 |
|
Total short and
long term liabilities |
4.096.852 |
3.933.204 |
4.819.547 |
4.610.397 |
4.114.594 |
|
Total liabilities |
7.411.226 |
6.215.389 |
6.442.659 |
6.148.855 |
5.300.038 |
Summary
The total assets of
the company increased with 19.24 % between 2013 and 2014.
Despite the assets growth,
the non current assets decreased with -1.56 %.
The asset growth
has mainly been financed by a Net Worth increase of 45.23 %. Debt,
however, grew with
4.16 %.
In 2014 the assets
of the company were 0.97 % composed of fixed assets and 99.03 % by
current assets. The
assets are being financed by an equity of 44.72 %, and total debt of
55.28 %.
The total assets of
the company decreased with -3.53 % between 2012 and 2013.
This downturn is
mainly retrievable in the fixed asset decrease of -37.12 %.
The asset reduction
is in contrast with the equity growth of 40.61 %. Due to this the total debt
decreased with
-18.39 %.
In 2013 the assets
of the company were 1.18 % composed of fixed assets and 98.82 % by
current assets. The
assets are being financed by an equity of 36.72 %, and total debt of
63.28 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Gross margin |
2.853.436 |
2.164.997 |
2.125.330 |
2.191.763 |
|
Wages and salaries |
613.839 |
585.132 |
663.035 |
553.253 |
|
Amorization and depreciation |
25.737 |
34.065 |
23.815 |
23.359 |
|
other operating costs |
805.394 |
860.363 |
823.028 |
802.907 |
|
Operating expenses |
1.444.970 |
1.479.560 |
1.509.878 |
1.379.519 |
|
Operating result |
1.408.466 |
685.437 |
615.452 |
812.244 |
|
Financial income |
270.806 |
299.024 |
243.472 |
274.653 |
|
Financial expenses |
303.083 |
330.388 |
346.270 |
374.945 |
|
Financial result |
-32.277 |
-31.364 |
-102.798 |
-100.292 |
|
Result on ordinary
operations before taxes |
1.376.189 |
654.073 |
512.654 |
711.952 |
|
Taxation on the
result of ordinary
activities |
344.000 |
220.000 |
128.000 |
178.000 |
|
Result of ordinary
activities after taxes |
1.032.189 |
434.073 |
384.654 |
533.952 |
|
Extraordinary income |
|
225.000 |
|
|
|
Extraordinary expense |
|
|
|
939 |
|
Extraordinary result after
taxation |
|
225.000 |
|
-939 |
|
Net result |
1.032.189 |
659.073 |
384.654 |
533.013 |
Summary
The gross profit of the company grew with 31.8 % between 2013 and 2014.
The operating result of the company grew with 105.48 % between 2013 and
2014. 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 76.52
% of the analysed period, being equal to 18.57 in the year 2014.
The Net Result of the company increased by 56.61 % between 2013 and
2014.
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 44.87 % of the analysed period, being 41.52 in the year 2014.
The company's financial structure has slowed down its financial
profitability.
The gross profit of the company grew with 1.87 % between 2012 and 2013.
The operating result of the company grew with 11.37 % between 2012 and
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 32.16
% of the analysed period, being equal to 10.52 in the year 2013.
The Net Result of the company increased by 71.34 % between 2012 and
2013.
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
-9.25 % of the analysed period, being 28.66 in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch (SBI) Wholesale trade (no
motor vehicles and motorcycles) (SBI code 46)
Region Groot Rotterdam
Summary In the Netherlands
109662 of the companies are registered with the SBI code 46
In the region Groot Rotterdam 8969 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 Rotterdam 231 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
Deposits 14-07-2015: De
jaarrekening over 2014 is gepubliceerd.
10-11-2014: De jaarrekening over 2013 is
gepubliceerd.
02-07-2013: De jaarrekening over 2012 is
gepubliceerd.
27-09-2012: De jaarrekening over 2011 is
gepubliceerd.
17-06-2011: De jaarrekening over 2010 is
gepubliceerd.
Company
structure
Relations 8
|
COMPANY |
REGISTRATION NUMBER |
|
|
|
|
Stg. Adm.knt.
Paktra Holding (WASSENAAR) |
62634208 |
|
| -
- Paktra Holding
B.V. (WASSENAAR) |
27150675 |
|
| -
- | -
- B.V. Industriële
Handelsonderneming
Rotterdam (Ihor) (ROTTERDAM) |
24213747 |
|
| -
- | -
- | -
- Ihor Internationaal B.V.
(ROTTERDAM) |
24230131 |
|
| -
- | -
- | -
- | -
- Zakkencentrale Nederland
B.V. (ROTTERDAM) |
24221623 |
|
| -
- | -
- | -
- | -
- Exim Handelsonderneming Rotterdam
B.V. (Rotterdam) |
24221133 |
|
| - - |
- - |
- - |
- - Zakkencentrale B.V.
(Rotterdam) |
24213372 |
|
| -
- | -
- | -
- | -
- Gebr. J.
en W.F. Goode
B.V. (ROTTERDAM) |
24205428 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.32 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.72.13 |
|
NLG |
1 |
Rs.72.37 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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 |
-- |
|
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.