MIRA INFORM REPORT
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Report No. : |
309486 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
COÖPERATIEVE VERENIGING DE NIEUWE BAND U.A. |
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|
|
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Registered Office : |
Energieweg 5 9363er Marum |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
15.04.2014 |
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Com. Reg. No.: |
KvK-nummer: 02039178 |
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Legal Form : |
Co-operative |
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Line of Business : |
Storage in distribution centres and other storage (not in tanks, refrigerated warehouses) |
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No. of Employee : |
45 |
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 |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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
COÖPERATIEVE
VERENIGING DE NIEUWE BAND U.A
Energieweg 5
9363ER MARUM
Netherlands
|
Legal form |
Co-operative |
|
Registration
number |
KvK-nummer: 02039178 |
|
VAT-number |
006163300 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
1.454.939 |
-8,28 |
1.586.256 |
11,53 |
1.422.319 |
|
Total receivables |
725.093 |
12,00 |
647.385 |
33,10 |
486.384 |
|
Total equity |
131.300 |
1.664,07 |
7.443 |
|
7.443 |
|
Short term liabilities |
2.424.401 |
-3,78 |
2.519.628 |
15,67 |
2.178.232 |
|
Net result |
123.857 |
|
|
|
|
|
Working capital |
412.008 |
1.246,92 |
-35.923 |
-314,29 |
-8.671 |
|
Quick ratio |
0,31 |
14,81 |
0,27 |
17,39 |
0,23 |
Contact
information
Company
name Coöperatieve Vereniging De
Nieuwe Band U.A.
Trade
names De Nieuwe Band
Operative
address Energieweg 5
9363ER MARUM
Netherlands
Correspondence
address Noorderringweg 12
9363TC Marum
Netherlands
Telephone
number 0594 645300
Fax
number 0594 643385
Email
address info@nieuweband.nl
Website
www.nieuweband.nl
Registration
Registration
number KvK-nummer: 02039178
Registered
in Kamer van Koophandel
Noord-Nederland
Branch
number 000029668476
VAT-number
006163300
Status
Active
Memorandum
1982-12-13
Establishment
date 2014-04-15
Legal form Co-operative
Last
proposed admendment 2002-02-13
Activities
SBI Storage in distribution
centres and other storage (not in tanks, refrigerated warehouses etc.) (52109)
Exporter
Yes
Importer
Yes
Branche
organisations VBP - Vereniging
Biologische Producenten en Handel
Goal
Groothandel in alsmede im-
en export van biologische levensmiddelen
Relations
Branches
Coöperatieve
Vereniging De Nieuwe Band U.A.
Legolaan 12
9861AT GROOTEGAST
Netherlands
Registration number: 020391780001
Companies
on same address Guus Watersport B.V.
Registration number: 020850030000
Guus Watersport B.V.
Registration number: 554554090000
G-Base Holding B.V.
Registration number: 554542400000
Management
Active management A. ten Dam (Allard)
Netherlands
Competence: Jointly authorized
Function: Chairman
Starting date: 1998-08-24
Date of birth: 1959-02-03, Zwolle, NL
Involved with the following companies
• Coöperatieve Vereniging De Nieuwe Band
U.A.
Noorderringweg 12
9363TC Marum
Netherlands
Function: Chairman
H. Nijstad - van Engen (Hendrika)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 1998-08-24
Date of birth: 1955-05-23, Ruinerwold, NL
Involved with the following companies
• Coöperatieve Vereniging De Nieuwe Band
U.A.
Noorderringweg 12
9363TC Marum
Netherlands
Function: Manager
A. Teeuwen (Andreas)
Netherlands
Competence: Jointly authorized
Function: Treasurer
Starting date: 1982-12-13
Date of birth: 1951-01-07, Haarlem, NL
Involved with the following companies
• Coöperatieve Vereniging De Nieuwe Band
U.A.
Noorderringweg 12
9363TC Marum
Netherlands
Function: Treasurer
Employees
|
Total according to the Chamber of Commerce |
45 |
|
|
|
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Total |
45 |
54 |
55 |
45 |
55 |
Payments
Description Payments made under regular condition
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,31 |
0,27 |
0,23 |
0,24 |
0,31 |
|
Current ratio |
1,17 |
0,99 |
1,00 |
1,01 |
1,04 |
|
Working capital/ balance total |
0,10 |
-0,01 |
0,00 |
0,01 |
0,02 |
|
Equity / balance total |
0,03 |
0,00 |
0,00 |
0,00 |
0,00 |
|
Equity / Fixed assets |
0,09 |
0,00 |
0,01 |
0,01 |
0,01 |
|
Equity / liabilities |
0,03 |
0,00 |
0,00 |
0,00 |
0,00 |
|
Balance total / liabilities |
1,03 |
1,00 |
1,00 |
1,00 |
1,00 |
|
Working capital |
412.008 |
-35.923 |
-8.671 |
23.529 |
83.315 |
|
Equity |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Mutation equity |
1.664,07 |
|
|
|
104,02 |
|
Mutation short term liabilities |
-3,78 |
15,67 |
-1,96 |
15,44 |
-4,58 |
|
Return on total assets (ROA) |
11,41 |
1,53 |
2,21 |
6,41 |
9,48 |
|
Return on equity (ROE) |
372,96 |
836,41 |
1.066,85 |
3.121,08 |
4.368,28 |
|
Gross profit margin |
|
|
|
|
3,32 |
|
Net profit margin |
|
|
|
|
1,39 |
|
Average collection ratio |
|
|
|
|
7,20 |
|
Average payment ratio |
|
|
|
|
24,39 |
|
Equity turnover ratio |
|
|
|
|
1.862,76 |
|
Total assets turnover ratio |
|
|
|
|
4,04 |
|
Fixed assets turnover ratio |
|
|
|
|
9,76 |
|
Inventory conversion ratio |
|
|
|
|
9,78 |
|
Turnover |
|
|
|
|
13.864.526 |
|
Gross margin |
3.612.497 |
3.116.608 |
3.042.517 |
3.107.571 |
2.859.320 |
|
Operating result |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
|
Net result after taxes |
123.857 |
|
|
|
192.481 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Cashflow |
264.119 |
132.727 |
91.431 |
107.852 |
304.680 |
|
Gross profit |
|
|
|
|
13.864.526 |
|
EBIT |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
|
EBITDA |
729.462 |
293.083 |
274.544 |
452.396 |
572.008 |
Summary
The 2013 financial result
structure is a postive working captial of 412.008 euro, which is in agreement with
10 % of the total assets of the company.
The
working capital has increased with 1246.92 % 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 1.17. 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 0.31. A company with a Quick Ratio of
less than 1 cannot currently pay back its current liabilities.
The
2012 financial result structure is a negative working captial of -35.923 euro,
which is in agreement with -1 % of the total assets of the company.
The
working capital has diminished with -314.29 % compared to previous year. The
ratio,
with
respect to the total assets of the company has however, increased.
The
deterioration between 2011 and 2012 has mainly been caused by an increase of
the
current
liabilities.
The
current ratio of the company in 2012 was 0.99. 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 0.27. 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 There is no financial data published
Type
of annual account Corporate
Annual
account Coöperatieve
Vereniging De Nieuwe Band U.A.
Energieweg 5
9363ER MARUM
Netherlands
Registration number: 020391780000
Balance
sheet
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible fixed assets |
33.592 |
46.483 |
17.478 |
25.963 |
34.448 |
|
Tangible fixed assets |
1.381.289 |
1.496.373 |
1.398.561 |
1.351.963 |
1.386.811 |
|
Financial fixed assets |
40.058 |
43.400 |
6.280 |
3.000 |
|
|
Fixed assets |
1.454.939 |
1.586.256 |
1.422.319 |
1.380.926 |
1.421.259 |
|
Total stock |
2.096.498 |
1.815.323 |
1.664.011 |
1.715.949 |
1.417.560 |
|
Accounts receivable |
|
|
423.416 |
486.852 |
517.023 |
|
Other receivables |
|
|
62.968 |
38.462 |
51.420 |
|
Total receivables |
725.093 |
647.385 |
486.384 |
525.314 |
568.443 |
|
Liquid funds |
14.818 |
20.997 |
19.166 |
4.040 |
21.942 |
|
Current assets |
2.836.409 |
2.483.705 |
2.169.561 |
2.245.303 |
2.007.945 |
|
Total assets |
4.291.348 |
4.069.961 |
3.591.880 |
3.626.229 |
3.429.204 |
|
Other reserves |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Total reserves |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Total equity |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Long term interest yielding debt |
762.500 |
792.500 |
938.763 |
1.001.692 |
944.997 |
|
Financial debts |
193.675 |
216.600 |
|
|
280.542 |
|
Long term liabilities |
956.175 |
1.009.100 |
938.763 |
1.001.692 |
1.225.539 |
|
Accounts payable |
|
1.530.903 |
|
|
1.037.816 |
|
Other short term liabilities |
|
988.725 |
|
|
886.814 |
|
Short term liabilities |
2.424.401 |
2.519.628 |
2.178.232 |
2.221.774 |
1.924.630 |
|
Other liabilities |
779.472 |
533.790 |
467.442 |
395.320 |
271.592 |
|
Total short and long term liabilities |
4.160.048 |
4.062.518 |
3.584.437 |
3.618.786 |
3.421.761 |
|
Total liabilities |
4.291.348 |
4.069.961 |
3.591.880 |
3.626.229 |
3.429.204 |
Summary
The total assets of the company
increased with 5.44 % between 2012 and 2013.
Despite the assets growth, the non current
assets decreased with -8.28 %.
The asset growth has mainly been financed by
a Net Worth increase of 1664.07 %. Debt,
however, grew with 2.4 %.
In 2013 the assets of the company were 33.9 %
composed of fixed assets and 66.1 % by
current assets. The assets are being financed
by an equity of 3.06 %, and total debt of 96.94 %.
The total assets of the company increased
with 13.31 % between 2011 and 2012.
The fixed asset growth of 11.53 % is lower
than the total asset growth.
The asset growth is explained by a reduction
of 13.34 % of the company's indebtness, this while, the Net Worth remains
unchanged.
In 2012 the assets of the company were 38.97
% composed of fixed assets and 61.03 % by current assets. The assets are being
financed by an equity of 0.18 %, and total debt of 99.82 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
|
|
|
|
13.899.989 |
|
Other operating income |
|
|
|
|
35.463 |
|
Net turnover |
|
|
|
|
13.864.526 |
|
Gross margin |
3.612.497 |
3.116.608 |
3.042.517 |
3.107.571 |
2.859.320 |
|
Wages and salaries |
1.813.567 |
1.719.588 |
1.780.157 |
1.725.752 |
1.507.235 |
|
Amorization and depreciation |
140.262 |
132.727 |
91.431 |
107.852 |
112.199 |
|
Sales |
|
|
|
|
11.005.206 |
|
other operating costs |
1.069.468 |
1.103.937 |
987.816 |
929.423 |
815.540 |
|
Operating expenses |
3.023.297 |
2.956.252 |
2.859.404 |
2.763.027 |
13.440.180 |
|
Operating result |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
|
Financial income |
|
3.222 |
|
|
147 |
|
Financial expenses |
|
101.324 |
103.707 |
112.242 |
134.825 |
|
Financial result |
-99.503 |
-98.102 |
-103.707 |
-112.242 |
-134.678 |
|
Result on ordinary operations before taxes |
489.697 |
62.254 |
79.406 |
232.302 |
325.131 |
Summary
The gross profit of the
company grew with 15.91 % between 2012 and 2013.
The operating result of the company grew with
267.43 % 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 645.75 % of the analysed period, being
equal to 2012 % in the year 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 -55.41
% of the analysed period, being 372.96 % in the year 2013.
The company's financial profitability has
been positively affected by its financial structure.
The gross profit of the company grew with
2.44 % between 2011 and 2012.
The operating result of the company declined with
-12.43 % between 2011 and 2012. This evolution implies an decrease of the
company's economic profitability.
The result of these changes is a reduction of
the company's Economic Profitability of -30.77 % of the analysed period, being
equal to 2011 % in the year 2012.
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 -21.6
% of the analysed period, being 836.41 % in the year 2012.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch
(SBI) Wholesale trade (no motor
vehicles and motorcycles) (46)
Region
Groningen
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Groningen 2092 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 Groningen 53 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 Groningen is normal
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.