|
Report No. : |
310259 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PAUL MEIJERING METALEN B.V. |
|
|
|
|
Registered Office : |
Bossekamp 913, 5301LZ Zaltbommel |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
20.01.1999 |
|
|
|
|
Com. Reg. No.: |
11044389 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject is wholesale of ferrous metals and
ferrous semi-finished products |
|
|
|
|
No. of Employee : |
34 (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 – 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 |
Summary
|
|
|
Company
name |
PAUL
MEIJERING METALEN B.V. |
|
Operative
address |
Bossekamp 913 |
|
|
5301LZ Zaltbommel |
|
|
Netherlands |
|
Legal
form |
Besloten Vennootschap |
|
|
|
|
|
Registration
number |
KvK-nummer: 11044389 |
|
|
|
|
|
VAT-number |
807562786 |
|
|
|
|
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
57.401 |
-35,17 |
88.546 |
-48,18 |
170.866 |
|
Total receivables |
3.248.577 |
24,90 |
2.601.001 |
-16,94 |
3.131.408 |
|
Total equity |
4.322.068 |
18,55 |
3.645.921 |
10,10 |
3.311.610 |
|
Short term liabilities |
9.516.457 |
20,69 |
7.885.169 |
-2,58 |
8.093.732 |
|
Net result |
1.176.147 |
40,97 |
834.311 |
13,85 |
732.810 |
|
Working capital |
4.632.735 |
16,60 |
3.973.127 |
9,62 |
3.624.494 |
|
Quick ratio |
0,35 |
-2,78 |
0,36 |
-10,00 |
0,40 |
|
Company
name |
PAUL MEIJERING METALEN B.V. |
|
Trade
names |
Paul Meijering Metalen roestvaststaal.eu rvs.eu oval.eu stainless steel.eu paul meijering.eu meijering.eu meijering metalen.eu paulmeijering.nl meijering.nl goedkooprvs.nl paulinox.nl steeldeals.com inoxdeals.com |
|
Operative
address |
Bossekamp 913 |
|
|
5301LZ Zaltbommel |
|
|
Netherlands |
|
Correspondence
address |
Bossekamp 913 |
|
|
5301LZ Zaltbommel |
|
|
Netherlands |
|
Telephone
number |
0418576060 |
|
Fax
number |
0418541215 |
|
Email
address |
info@paulmeijering.nl |
|
Website |
www.paulmeijering.nl | www.steeldeals.com | www.inoxdeals.com |
Registration
|
|
|
Registration
number |
KvK-nummer: 11044389 |
|
Branch
number |
000019354894 |
|
VAT-number |
807562786 |
|
Status |
Active |
|
First
registration company register |
1999-01-21 |
|
Memorandum |
1999-01-20 |
|
Establishment
date |
1999-01-20 |
|
Legal
form |
Besloten Vennootschap |
|
Issued
placed capital |
EUR 18.151 |
|
Paid
up share capital |
EUR 18.151 |
|
SBI |
Wholesale of ferrous metals and ferrous semi-finished
products (46722) |
|
|
Freight transport by road (no removal services) (4941) |
|
Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
Groothandel, opslag en transport van ferro en non ferro
metalen. |
|
Accounts |
F. van Lanschot Bankiers NV Account number: 22.54.68.492 |
|
Active
management |
S.J.A.
Bagen (Stefanus Jacobus Antonius) Netherlands Competence: Limited authorization Function: Manager Starting date: 2010-10-01 Date of birth: 1968-09-15, Eindhoven, NL Paul
Meijering Onroerend Goed B.V. Bossekamp 913 5301LZ ZALTBOMMEL Netherlands Registration number: 110212000000 Competence: Fully authorized Function: General Director Starting date: 1999-01-20 |
|
Total according to the Chamber of Commerce |
34 |
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
34 |
37 |
30 |
20 |
20 |
Payments
|
|
|
Description |
Payments made under regular condition |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,35 |
0,36 |
0,40 |
0,35 |
0,25 |
|
Current ratio |
1,49 |
1,50 |
1,45 |
1,31 |
1,29 |
|
Working capital/ balance total |
0,33 |
0,33 |
0,30 |
0,22 |
0,20 |
|
Equity / balance total |
0,30 |
0,31 |
0,28 |
0,26 |
0,25 |
|
Equity / Fixed assets |
75,30 |
41,18 |
19,38 |
2,72 |
2,34 |
|
Equity / liabilities |
0,44 |
0,44 |
0,39 |
0,35 |
0,33 |
|
Balance total / liabilities |
1,44 |
1,44 |
1,39 |
1,35 |
1,33 |
|
Working capital |
4.632.735 |
3.973.127 |
3.624.494 |
2.154.954 |
1.765.581 |
|
Equity |
4.322.068 |
3.645.921 |
3.311.610 |
2.578.800 |
2.177.096 |
|
Mutation equity |
18,55 |
10,10 |
28,42 |
18,45 |
27,54 |
|
Mutation short term liabilities |
20,69 |
-2,58 |
17,79 |
14,63 |
11,03 |
|
Return on total assets (ROA) |
10,94 |
9,23 |
5,38 |
5,17 |
6,91 |
|
Return on equity (ROE) |
35,97 |
30,23 |
19,33 |
20,02 |
27,60 |
|
Gross margin |
6.382.665 |
5.308.564 |
4.700.779 |
3.467.806 |
3.078.459 |
|
Operating result |
1.788.093 |
1.377.720 |
909.358 |
721.853 |
801.564 |
|
Net result after taxes |
1.176.147 |
834.311 |
732.810 |
401.704 |
470.086 |
|
Cashflow |
1.207.292 |
916.631 |
1.061.124 |
719.887 |
812.335 |
|
EBIT |
1.788.093 |
1.377.720 |
909.358 |
721.853 |
801.564 |
|
EBITDA |
1.819.238 |
1.460.040 |
1.237.672 |
1.040.036 |
1.143.813 |
Summary
The 2013 financial result structure is a postive working
captial of 4.632.735 euro, which is inagreement with 33 % of the total
assets of the company.
The working capital has increased with 16.6 % compared to previous
year. The ratio with respect to the total assets of the company remains
unchanged.
The improvement between 2012 and 2013 has mainly been caused
by a current liabilities reduction.
The current ratio of the company in 2013 was 1.49. 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 0.35. 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 3.973.127 euro, which is in agreement with 33 % of the total assets
of the company.
The working capital has increased with 9.62 % compared to
previous year. The ratio, with respect to the total assets of the company has
however, increased.
The improvement between 2011 and 2012 has mainly been caused
by an increase of the current assets.
The current ratio of the company in 2012 was 1.5. A company
with a current ratio between 1.5 and 3.0 generally indicates good short-term
financial strength.
The quick ratio in 2012 of the company was 0.36. A company
with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities.
|
Last
annual account |
2013 |
|
Remark
annual account |
The company is obliged to file its financial statements. |
|
Type
of annual account |
Corporate |
|
Annual
account |
Paul
Meijering Metalen B.V. Bossekamp 913 5301LZ Zaltbommel Netherlands Registration number: 110443890000 |
|
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 |
57.401 |
88.546 |
170.866 |
948.621 |
931.481 |
|
Fixed assets |
57.401 |
88.546 |
170.866 |
948.621 |
931.481 |
|
Total stock |
10.854.686 |
9.010.408 |
8.459.455 |
6.653.744 |
6.270.295 |
|
Total receivables |
3.248.577 |
2.601.001 |
3.131.408 |
2.372.646 |
1.478.395 |
|
Liquid funds |
45.929 |
246.887 |
127.363 |
174 |
11.662 |
|
Current assets |
14.149.192 |
11.858.296 |
11.718.226 |
9.026.564 |
7.760.352 |
|
Total assets |
14.206.593 |
11.946.842 |
11.889.092 |
9.975.185 |
8.691.833 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
4.303.917 |
3.627.770 |
3.293.459 |
2.560.649 |
2.158.945 |
|
Total reserves |
4.303.917 |
3.627.770 |
3.293.459 |
2.560.649 |
2.158.945 |
|
Total equity |
4.322.068 |
3.645.921 |
3.311.610 |
2.578.800 |
2.177.096 |
|
Provisions |
|
|
|
69.854 |
|
|
Long term interest yielding debt |
368.068 |
415.752 |
483.750 |
454.921 |
519.966 |
|
Long term liabilities |
368.068 |
415.752 |
483.750 |
454.921 |
519.966 |
|
Short term liabilities |
9.516.457 |
7.885.169 |
8.093.732 |
6.871.610 |
5.994.771 |
|
Total short and long term liabilities |
9.884.525 |
8.300.921 |
8.577.482 |
7.396.385 |
6.514.737 |
|
Total liabilities |
14.206.593 |
11.946.842 |
11.889.092 |
9.975.185 |
8.691.833 |
Summary
The total assets of the company increased with 18.92 %
between 2012 and 2013.
Despite the assets growth, the non current assets decreased
with -35.17 %. The asset growth has mainly been financed by a debt increase of
19.08 %. The Net Worth, however, grew with 18.55 %.
In 2013 the assets of the company were 0.4 % composed of
fixed assets and 99.6 % by current assets. The assets are being financed by an
equity of 30.42 %, and total debt of 69.58 %.
The total assets remained the same between 2011 and 2012.
Despite the fact that the total assets remained the same,
the fixed assets decreased with -48.18 %.
Despite thee unchanged assets the net worth grew with 10.1 %,
which has resulted in the fact that the company's indebtedness declined with
-3.22 %.
In 2012 the assets of the company were 0.74 % composed of
fixed assets and 99.26 % by current assets. The assets are being financed by an
equity of 30.52 %, and total debt of 69.48 %.
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
6.382.665 |
5.308.564 |
4.700.779 |
3.467.806 |
3.078.459 |
|
Wages and salaries |
2.435.530 |
2.050.126 |
1.796.071 |
1.257.638 |
1.017.385 |
|
Amorization and depreciation |
31.145 |
82.320 |
328.314 |
318.183 |
342.249 |
|
other operating costs |
2.127.897 |
1.798.398 |
1.667.036 |
1.170.132 |
917.261 |
|
Operating expenses |
4.594.572 |
3.930.844 |
3.791.421 |
2.745.953 |
2.276.895 |
|
Operating result |
1.788.093 |
1.377.720 |
909.358 |
721.853 |
801.564 |
|
Financial income |
|
|
12.938 |
2.932 |
108 |
|
Financial expenses |
233.230 |
275.573 |
282.194 |
208.629 |
200.895 |
|
Financial result |
-233.230 |
-275.573 |
-269.256 |
-205.697 |
-200.787 |
|
Result on ordinary operations before taxes |
1.554.863 |
1.102.147 |
640.102 |
516.156 |
600.777 |
|
Taxation on the result of ordinary activities |
378.716 |
267.836 |
233.739 |
115.963 |
130.691 |
|
Result of ordinary activities after taxes |
1.176.147 |
834.311 |
406.363 |
400.193 |
470.086 |
|
Extraordinary income |
|
|
326.447 |
1.511 |
|
|
Extraordinary result after taxation |
|
|
326.447 |
1.511 |
|
|
Net result |
1.176.147 |
834.311 |
732.810 |
401.704 |
470.086 |
Summary
The gross profit of the company grew with 20.23 % between
2012 and 2013.
The operating result of the company grew with 29.79 %
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 18.53 % of the analysed period, being equal to 2012 %
in the year 2013.
The Net Result of the company decreased by 40.97 % between
2012 and 2013. 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 18.99 % of the
analysed period, being 35.97 % in the year 2013.
The company's financial structure has slowed down its
financial profitability.
The gross profit of the company grew with 12.93 % between
2011 and 2012. The operating result of the company grew with 51.5 % between 2011
and 2012. 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 71.56 % of the analysed period, being equal to 2011 %
in the year 2012.
The Net Result of the company decreased by 13.85 % between
2011 and 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 56.39 % of the
analysed period, being 30.23 % in the year 2012.
The company's financial structure has slowed down its
financial profitability.
|
Branch (SBI) |
Wholesale
trade (no motor vehicles and motorcycles) (46) |
|
Region |
Nijmegen-Rivierenland |
In the Netherlands 109662 of the companies are registered
with the SBI code 46 In the region Nijmegen-Rivierenland 4613 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 Nijmegen-Rivierenland 87 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
Nijmegen-Rivierenland is normal
Filings
21-07-2014: De jaarrekening over 2013 is gepubliceerd.
05-07-2013: De jaarrekening over 2012 is gepubliceerd.
19-07-2012: De jaarrekening over 2011 is gepubliceerd.
22-09-2011: De jaarrekening over 2010 is gepubliceerd.
07-12-2010: De jaarrekening over 2009 is gepubliceerd.
|
Relations |
4 |
Stichting Administratiekantoor Aandelen Meijering
Van Voordenpark 10
5301KP ZALTBOMMEL Netherlands
Registration number: 410598880000
• Paul Meijering Holding
B.V.
Bossekamp
913
5301LZ ZALTBOMMEL Netherlands
Registration number: 542487280000
• Paul Meijering
Onroerend Goed B.V.
Bossekamp
913
5301LZ ZALTBOMMEL Netherlands
Registration number: 110212000000
• Paul Meijering
Metalen B.V.
Bossekamp
913
5301LZ Zaltbommel Netherlands
Registration number: 110443890000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
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.