MIRA INFORM REPORT

 

 

Report No. :

307868

Report Date :

20.02.2015

 

IDENTIFICATION DETAILS

 

Name :

CAZANDER BROS. & SIS B.V.

 

 

Registered Office :

Oosthavendijk 46 3241LK Middelharnis

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.05.2009

 

 

Com. Reg. No.:

KvK-nummer: 24460734

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale of other machines, equipment and supplies for manufacturing and trade n.e.c.

 

 

No. of Employee :

4

 

 

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 :

Slow but correct

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and important role as a European transportation hub. Industrial activity is predominantly in 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 the food-processing industry and for exports. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009. To recover, the government sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. 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 began implementing austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract.

 

Source : CIA

 

Company name and address

 

Company name                       Cazander Bros. & Sis B.V.

Operative address                   Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

 

Legal form                               Private Company

Registration number                KvK-nummer: 24460734

VAT-number                            820748390

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

29.904

-0,78

30.140

9,01

27.650

Total receivables

327.843

380,16

68.278

-82,88

398.833

Total equity

124.989

28,43

97.318

7,89

90.200

Short term liabilities

1.234.403

3,14

1.196.879

62,57

736.207

Working capital

95.085

41,54

67.178

7,40

62.550

Quick ratio

0,40

37,93

0,29

-53,97

0,63

 

 

 

 

Contact information

 

Company name                       Cazander Bros. & Sis B.V.

 

Trade names                           Cazander Bros. & Sis B.V.

Cazander Bros. & Sis B.V. i.o.

 

Operative address                   Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

 

Correspondence address         Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

 

Telephone number                  0187 471000

 

Email address                          info@cazander.com

 

 

Registration

 

Registration number                KvK-nummer: 24460734

Registered in                           Kamer van Koophandel Rotterdam

Branch number                        000016979885

VAT-number                            820748390

 

Status                                      Active

First registration company

Register                                   2009-05-29

Memorandum                          2009-05-26

Establishment date                  2009-05-01

 

Legal form                               Besloten Vennootschap

 

Subscribed share capital         EUR 90.000

Issued placed capital               EUR 18.000

Paid up share capital              EUR 18.000

 

 

Activities

 

SBI                                           Wholesale of other machines, equipment and supplies for manufacturing and trade n.e.c. (46699)

 

Exporter                                   Yes

Importer                                   Yes

 

Branche organisations             DUMA - Dutch Used Machinery Association

 

Goal                                         De in-, verkoop, fabricage en het vervoer van machines.

 

 

Relations

 

Ultimate shareholder               T.J. Cazander Beheer B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 230862970000

 

Shareholders                           Cazander Holding B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 110439500000

Percentage: 100%

 

Companies on same address   Cazander Holding B.V.

Registration number: 110439500000

T.J. Cazander Beheer B.V.

Registration number: 230862970000

Andreas van Wijngaarden Beheer B.V.

Registration number: 244025340000

Cazander New Business B.V.

Registration number: 244436740000

Software Punt

Registration number: 553226890000

Nederlandse Rechtsbijstand Groep B.V.

Registration number: 565860510000

 

 

Management

 

Active management                Cazander Holding B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 110439500000

Competence: Fully authorized

Function: Manager

Starting date: 2009-05-26

 

 

Employees

 

Year

2014

2013

2012

2011

2010

Total

4

4

4

4

5

 

 

Key figures

 

Key figures

 

 

 

 

 

Year

2013

2012

2011

2010

2009

Quick ratio

0,40

0,29

0,63

0,78

0,80

Current ratio

1,08

1,06

1,08

1,05

1,04

Working capital/ balance total

0,07

0,05

0,08

0,04

0,03

Equity / balance total

0,09

0,08

0,11

0,10

0,09

Equity / Fixed assets

4,18

3,23

3,26

1,76

1,59

Equity / liabilities

0,10

0,08

0,12

0,11

0,10

Balance total / liabilities

1,10

1,08

1,12

1,11

1,10

Working capital

95.085

67.178

62.550

31.091

16.759

Equity

124.989

97.318

90.200

71.851

45.265

Mutation equity

28,43

7,89

25,54

58,73

 

Mutation short term liabilities

3,14

62,57

10,39

42,66

 

 

Summary                                 The 2013 financial result structure is a postive working captial of 95.085 euro, which is in agreement with 7 % of the total assets of the company.

The working capital has increased with 41.54 % 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 1.08. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

The quick ratio in 2013 of the company was 0.4. 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 67.178 euro, which is in agreement with 5 % of the total assets of the company.

The working capital has increase with 7.4 % 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 1.06. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

The quick ratio in 2012 of the company was 0.29. 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                       Cazander Bros. & Sis B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 244607340000

 

 

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

29.904

30.140

27.650

40.760

28.506

Fixed assets

29.904

30.140

27.650

40.760

28.506

Total stock

836.150

914.275

337.374

180.125

109.225

Total receivables

327.843

68.278

398.833

470.440

130.292

Liquid funds

165.495

281.504

62.550

47.429

244.726

Current assets

1.329.488

1.264.057

798.757

697.994

484.243

Total assets

1.359.392

1.294.197

826.407

738.754

512.749

Issued capital

18.000

18.000

18.000

18.000

18.000

Share premium reserve

 

 

7.688

7.688

7.688

Other reserves

106.989

79.318

64.512

46.163

19.577

Total reserves

106.989

79.318

72.200

53.851

27.265

Total equity

124.989

97.318

90.200

71.851

45.265

Short term liabilities

1.234.403

1.196.879

736.207

666.903

467.484

Total short and long term liabilities

1.234.403

1.196.879

736.207

666.903

467.484

Total liabilities

1.359.392

1.294.197

826.407

738.754

512.749

 

Summary                     The total assets of the company increased with 5.04 % between 2012 and 2013.

The total assets are entirely composed of current assets.

The asset growth has mainly been financed by a Net Worth increase of 28.43 %. Debt,

however, grew with 3.14 %.

In 2013 the assets of the company were 2.2 % composed of fixed assets and 97.8 % by

current assets. The assets are being financed by an equity of 9.19 %, and total debt of 90.81 %.

The total assets of the company increased with 56.61 % between 2011 and 2012.

The fixed asset growth of 9.01 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 62.57 %. The Net Worth, however, grew with 7.89 %.

In 2012 the assets of the company were 2.33 % composed of fixed assets and 97.67 % by current assets. The assets are being financed by an equity of 7.52 %, and total debt of 92.48 %.

 

 

 

 

Analysis

 

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

Region                         Groot Rotterdam

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

 

Filings                          29-10-2014: De jaarrekening over 2013 is gepubliceerd.

07-08-2013: De jaarrekening over 2012 is gepubliceerd.

08-08-2012: De jaarrekening over 2011 is gepubliceerd.

16-06-2011: De jaarrekening over 2010 is gepubliceerd.

12-11-2010: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Relations                     4

 

A.A. Cazander Beheer B.V.

Ring 40

3241CR MIDDELHARNIS

Netherlands

Registration number: 110305650000

• Cazander Holding B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 110439500000

• Cazander Bros. & Sis B.V.

Oosthavendijk 46

3241LK MIDDELHARNIS

Netherlands

Registration number: 244607340000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.25

UK Pound

1

Rs.95.57

Euro

1

Rs.71.01

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.