|
Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRO ALLOY B.V. |
|
|
|
|
Formerly Known As : |
W MAASS NEDERLAND BV |
|
|
|
|
Registered Office : |
Hertzstraat 11, 2652XX Berkel en Rodenrijs |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.05.1978 |
|
|
|
|
Com. Reg. No.: |
27218458 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
Wholesale of fittings, technical supplies |
|
|
|
|
No. of Employee : |
25 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 Pro Alloy
B.V.
Operative address Hertzstraat 11
2652XX Berkel en Rodenrijs
Netherlands
Legal form Besloten
Vennootschap
Registration
number KvK-nummer:
27218458
VAT-number 004672410
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|
Fixed assets |
14.872.736 |
|
-0,19 |
14.900.631 |
|
-1,44 |
15.118.226 |
|
Total receivables |
2.042.151 |
|
-29,82 |
2.909.735 |
|
-5,79 |
3.088.691 |
|
|
|||||||
|
Total equity |
15.961.353 |
|
2,34 |
15.595.701 |
|
3,57 |
15.058.154 |
|
Short term liabilities |
9.939.394 |
|
-0,78 |
10.017.662 |
|
7,27 |
9.338.354 |
|
|
|||||||
|
Net result |
1.794.223 |
|
-8,74 |
1.966.118 |
|
13,73 |
1.728.725 |
|
|
|||||||
|
Working capital |
2.977.672 |
|
-0,40 |
2.989.747 |
|
12,43 |
2.659.130 |
|
Quick ratio |
0,21 |
|
-27,59 |
0,29 |
|
-12,12 |
0,33 |
Company name Pro Alloy B.V.
Trade names Pro Alloy B.V.
Previous name W Maass
Nederland BV
Operative address Hertzstraat 11
2652XX Berkel en Rodenrijs
Netherlands
Correspondence
address Postbus 129
2650AC Berkel En Rodenrijs
Netherlands
Telephone number 0105116633
Fax number 0105117992
Email address sales@wmaass.nl
Website www.wmaass.nl
Registration
number KvK-nummer:
27218458
Branch number 000006009778
VAT-number 004672410
Status Active
Memorandum 1979-01-03
Establishment date
1978-05-25
Legal form Besloten
Vennootschap
Last proposed
admendment 2014-12-18
Issued placed
capital EUR 15.890
Paid up share capital EUR 15.890
SBI Wholesale of
fittings, technical supplies etc. (46694)
Exporter Yes
Importer Yes
Goal Het voeren van een
technische handelsonderneming, in het bijzonder betreffende flenzen, fittingen,
afsluiters en buizen en het verrichten van alle andere handelingen van
industriële, commerciële of financiële aard.
Shareholders Proco B.V.
Delftweg 216
3046ND ROTTERDAM
Netherlands
Registration number: 241648560000
Percentage: 100%
Companies on same
address Michiel Drijver
Products
Registration number:
243360380000
Active
management P. Roodenburg
(Peter)
Netherlands
Competence:
Fully authorized
Function:
Manager
Starting
date: 1979-01-03
Date of
birth: 1952-07-01, 's-Gravenhage, NL
J. Baggerman
(Jacobus)
Netherlands
Competence: Limited
authorization
Function:
Proxy
Starting
date: 1996-12-09
Date of
birth: 1957-04-08, Rotterdam, NL
Total according to the Chamber of Commerce 25
|
Year |
|
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
|
25 |
25 |
25 |
25 |
25 |
Description Payments are made
regularly no complaints are known
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,21 |
0,29 |
0,33 |
0,16 |
0,31 |
|
Current ratio |
1,30 |
1,30 |
1,28 |
1,12 |
1,30 |
|
|
|||||
|
Working capital/ balance total |
0,11 |
0,11 |
0,10 |
0,05 |
0,11 |
|
Equity / balance total |
0,57 |
0,56 |
0,56 |
0,50 |
0,50 |
|
Equity / Fixed assets |
1,07 |
1,05 |
1,00 |
0,88 |
0,94 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Equity / liabilities |
1,35 |
1,27 |
1,25 |
1,00 |
1,01 |
|
Balance total / liabilities |
2,35 |
2,27 |
2,25 |
2,00 |
2,01 |
|
|
|||||
|
Working capital |
2.977.672 |
2.989.747 |
2.659.130 |
1.1251.661 |
2.858.581 |
|
Equity |
15.961.353 |
15.595.701 |
15.058.154 |
13.329.429 |
13.411.859 |
|
Mutation equity |
2,34 |
3,57 |
12,97 |
-0,61 |
-1,87 |
|
Mutation short term liabilities |
-0,78 |
7,27 |
-8,65 |
7,82 |
30,19 |
|
|
|||||
|
Return on total assets (ROA) |
8,62 |
9,41 |
8,50 |
-0,40 |
5,95 |
|
Return on equity (ROE) |
15,01 |
16,85 |
15,31 |
-0,79 |
11,82 |
|
Gross margin |
5.219.838 |
5.576.385 |
5.405.317 |
2.503.978 |
3.868.797 |
|
Operating result |
2.562.154 |
2.824.873 |
2.645.261 |
191.125 |
1.517.004 |
|
Net result after taxes |
1.794.223 |
1.966.118 |
1.728.725 |
-82.430 |
1.172.738 |
|
|
|||||
|
Cashflow |
2.115.310 |
2.286.797 |
2.051.556 |
250.887 |
1.435.683 |
|
EBIT |
2.562.154 |
2.824.873 |
2.645.261 |
191.125 |
1.517.004 |
|
EBITDA |
2.883.241 |
3.145.552 |
2.968.092 |
524.442 |
1.779.949 |
|
Summary |
The 2013 financial
result structure is a postive working captial of 2.977.672 euro, which is in
agreement with 11 % of the total assets of the company. The working
capital and the proportion with respect to the total assets of the company has remained
unchanged compared to previous year. The unchanged
working capital can be explained due to the fact that both the current assets
and current liabilities have remained the same. The current
ratio of the company in 2013 was 1.3. 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 0.21. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities. The 2012
financial result structure is a positive working capital of 2.989.747 euro,
which is in agreement with 11 % of the total assets of the company. The working
capital has increased with 12.43 % 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 1.3. 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. |
Last annual
account 2013
Remark annual
account The company is obliged
to file its financial statements.
Type of annual
account Corporate
Annual account Pro Alloy
B.V.
Hertzstraat 11
2652XX Berkel en Rodenrijs
Netherlands
Registration
number: 272184580000
|
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 |
14.872.736 |
14.900.631 |
15.118.226 |
15.194.328 |
14.296.336 |
|
Fixed assets |
14.872.736 |
14.900.631 |
15.118.226 |
15.194.328 |
14.296.336 |
|
|
|||||
|
Total stock |
10.857.019 |
10.093.864 |
8.887.687 |
9.864.413 |
9.355.835 |
|
Accounts receivable |
1.834.922 |
2.800.860 |
2.949.214 |
|
|
|
Other receivables |
207.229 |
108.875 |
139.477 |
|
|
|
Total receivables |
2.042.151 |
2.909.735 |
3.088.691 |
1.608.636 |
2.983.543 |
|
Liquid funds |
17.896 |
3.810 |
21.106 |
1.161 |
314 |
|
Current assets |
12.917.066 |
13.007.409 |
11.997.484 |
11.474.210 |
12.339.692 |
|
Total assets |
27.789.802 |
27.908.040 |
27.115.710 |
26.668.538 |
26.636.028 |
|
|
|||||
|
Issued capital |
15.890 |
15.890 |
15.890 |
15.882 |
15.882 |
|
Legal and statutory reserve |
|
|
2.110 |
2.118 |
2.118 |
|
Other reserves |
15.945.463 |
15.579.811 |
15.040.154 |
13.311.429 |
13.393.859 |
|
Total reserves |
15.945.463 |
15.579.811 |
15.042.264 |
13.313.547 |
13.395.977 |
|
Total equity |
15.961.353 |
15.595.701 |
15.058.154 |
13.329.429 |
13.411.859 |
|
|
|||||
|
Provisions |
89.055 |
94.677 |
119.202 |
116.560 |
|
|
Long term interest yielding debt |
1.800.000 |
2.200.000 |
2.600.000 |
3.000.000 |
3.743.058 |
|
Long term liabilities |
1.800.000 |
2.200.000 |
2.600.000 |
3.000.000 |
3.743.058 |
|
Accounts payable |
1.907.621 |
1.941.780 |
1.844.953 |
|
|
|
Other short term liabilities |
8.031.773 |
8.075.882 |
7.493.401 |
|
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Short term liabilities |
9.939.394 |
10.017.662 |
9.338.354 |
10.222.549 |
9.481.111 |
|
Total short and long term
liabilities |
11.828.449 |
12.312.339 |
12.057.556 |
13.339.109 |
13.224.169 |
|
Total liabilities |
27.789.802 |
27.908.040 |
27.115.710 |
26.668.538 |
26.636.028 |
|
Summary |
The total assets
remained the same between 2012 and 2013. The total assets
are entirely composed of current assets. Despite thee
unchanged assets the net worth grew with 2.34 %, which has resulted in the
fact that the company's indebtedness declined with -3.93 %. In 2013 the
assets of the company were 53.52 % composed of fixed assets and 46.48 % by
current assets. The assets are being financed by an equity of 57.44 %, and
total debt of 42.56 %. The total assets
of the company increased with 2.92 % between 2011 and 2012. Despite the assets
growth, the non current assets decreased with -1.44 %. The asset growth
has mainly been financed by a Net Worth increase of 3.57 %. Debt, however,
grew with 2.11 %. In 2012 the
assets of the company were 53.39 % composed of fixed assets and 46.61 % by
current assets. The assets are being financed by an equity of 55.88 %, and
total debt of 44.12 %. |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
5.219.838 |
5.576.385 |
5.405.317 |
2.503.978 |
3.868.797 |
|
|
|||||
|
Wages
and salaries |
1.847.611 |
1.898.363 |
1.826.528 |
1.451.134 |
1.645.429 |
|
Amorization and depreciation |
321.087 |
320.679 |
322.831 |
333.317 |
262.945 |
|
other operating costs |
488.986 |
532.470 |
610.697 |
528.402 |
443.419 |
|
Operating expenses |
2.657.684 |
2.751.512 |
2.760.056 |
2.312.853 |
2.351.793 |
|
Operating result |
2.562.154 |
2.824.873 |
2.645.261 |
191.125 |
1.517.004 |
|
|
|||||
|
Financial income |
17.933 |
24.691 |
18.875 |
15.861 |
173.395 |
|
Financial expenses |
183.570 |
222.199 |
358.035 |
312.774 |
105.785 |
|
Financial result |
-165.637 |
-197.508 |
-339.160 |
-296.913 |
67.610 |
|
Result on ordinary operations
before taxes |
2.396.517 |
2.627.365 |
2.306.101 |
-105.788 |
1.584.614 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
602.294 |
661.247 |
577.376 |
-23.358 |
411.876 |
|
Result of ordinary activities after
taxes |
1.794.223 |
1.966.118 |
1.728.725 |
-82.430 |
1.172.738 |
|
|
|||||
|
Net result |
1.794.223 |
1.966.118 |
1.728.725 |
-82.430 |
1.172.738 |
|
Summary |
The gross profit
of the company decreased by -6.39 % between 2012 and 2013. The operating
result of the company declined with -9.3 % between 2012 and 2013. 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 -8.4
% of the analysed period, being equal to 2012 % in the year 2013. The Net Result
of the company increased by -8.74 % 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 -10.92 % of the analysed period,
being 15.01 % 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 3.16 % between 2011 and 2012. The operating
result of the company grew with 6.79 % 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
10.71% of the analysed period, being equal to 2011 % in the year 2012. The Net Result
of the company decreased by 13.73 % between 2011 and 2012. 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 10.06 % of the analysed period,
being 16.85 % 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 Groot Den Haag
In the Netherlands 109662 of the companies are registered with the SBI
code 46
In the region Groot Den Haag 5671 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 Den Haag 119 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 Den Haag is normal
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.28 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.76.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.