MIRA INFORM REPORT
|
Report No. : |
302702 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAFA
TRADING B.V. |
|
|
|
|
Registered Office : |
Den Engelsman 18
6026RB Maarheeze |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
11.03.1977 |
|
|
|
|
Com. Reg. No.: |
17075593 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of hardware (ironware and metal products) |
|
|
|
|
No. of Employees : |
36 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Netherlands |
B1 |
B1 |
|
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
STAFA TRADING B.V.
Address
Den Engelsman 18
6026RB Maarheeze
Netherlands
Legal form Private Company
Registration number KvK-nummer: 17075593
VAT-number 800966041
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|
Fixed assets |
227.938 |
|
3,69 |
219.816 |
|
-27,43 |
302.896 |
|
Total receivables |
1.718.610 |
|
17,46 |
1.463.093 |
|
-9,66 |
1.619.533 |
|
|
|||||||
|
Total equity |
388.786 |
4 |
-56,43 |
892.230 |
|
-31,52 |
1.302.860 |
|
Short term liabilities |
6.611.981 |
|
17,19 |
5.641.970 |
|
-15,98 |
6.715.134 |
|
|
|||||||
|
Net result |
|
|
-100,00 |
589.370 |
|
-34,63 |
901.643 |
|
|
|||||||
|
Working capital |
984.708 |
|
-42,45 |
1.711.194 |
t |
58,47 |
1.079.852 |
|
Quick ratio |
0,28 |
|
7,69 |
0,26 |
|
8,33 |
0,24 |
Contact
information
Company name Stafa
Trading B.V.
Trade names Stafa
Trading B.V.
Operative address Den
Engelsman 18
6026RB Maarheeze
Netherlands
Correspondence address Den
Engelsman 18
6026RB Maarheeze
Netherlands
Telephone number
0495599888
Fax number 0495599876
Email address
info@stafa.nl
Website
www.stafa.nl
Registration
Registration number
KvK-nummer:
17075593
Branch number 000017959152
VAT-number 800966041
Status Active
First registration company register 1992-05-26
Memorandum 1992-05-22
Establishment date 1977-03-11
Legal form Private
Company
Last proposed admendment 2012-02-28
Issued placed capital EUR
20.720
Paid up share capital EUR
20.720
Activities
SBI Wholesale
of hardware (ironware and metal products) (46741)
Exporter Yes
Importer Yes
Goal Het importeren, exporteren, de
groothandel in, en het hebben van agenturen in alle
voorkomende bevestigingsmaterialen en gereedschappen,
alsmede de groothandel in
werkhandschoenen
Relations
ACTIVE
MANAGEMENT
Shareholders JIG Holding B.V.
Den Engelsman 18
6026RB MAARHEEZE
Netherlands
Registration number: 171910170000
Percentage: 100%
Stafa
Direct B.V.
Registration number: 171451610000
Companies on same address
JIG Holding B.V.
Registration number: 171910170000
Management
JIG
Holding B.V.
Den Engelsman 18
6026RB MAARHEEZE
Netherlands
Registration number: 171910170000
Competence: Fully authorized
Function: Manager
Starting date: 2006-09-29
Employees
|
Year |
|
2015 |
2014 |
2012 |
2011 |
2010 |
|
Total |
|
36 |
36 |
40 |
40 |
39 |
Payments
Description Payments are slow but correct
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,28 |
0,26 |
0,24 |
0,32 |
0,21 |
|
Current ratio |
1,15 |
1,30 |
1,16 |
1,21 |
1,03 |
|
|
|||||
|
Working capital/ balance
total |
0,13 |
0,23 |
0,13 |
0,16 |
0,03 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Equity / balance total |
0,05 |
0,12 |
0,16 |
0,20 |
0,07 |
|
Equity / Fixed assets |
1,71 |
4,06 |
4,30 |
3,26 |
0,86 |
|
Equity / liabilities |
0,05 |
0,13 |
0,19 |
0,26 |
0,07 |
|
Balance total / liabilities |
1,05 |
1,13 |
1,19 |
1,26 |
1,07 |
|
|
|||||
|
Working capital |
984.708 |
1.711.194 |
1.079.852 |
1.131.048 |
182.870 |
|
Equity |
388.786 |
892.230 |
1.302.860 |
1.401.217 |
415.260 |
|
Mutation equity |
-56,43 |
-31,52 |
-7,02 |
237,43 |
-52,85 |
|
Mutation short term
liabilities |
17,19 |
-15,98 |
26,56 |
-5,09 |
-17,41 |
|
|
|||||
|
Return on total assets (ROA) |
|
10,25 |
14,71 |
19,02 |
3,70 |
|
Return on equity (ROE) |
|
86,98 |
91,41 |
93,18 |
55,68 |
|
Gross margin |
|
3.922.602 |
4.000.589 |
3.966.030 |
3.122.765 |
|
Operating result |
|
926.119 |
1.344.944 |
1.460.450 |
385.618 |
|
Net result after taxes |
|
589.370 |
901.643 |
985.957 |
184.616 |
|
|
|||||
|
Cashflow |
|
717.695 |
1.045.282 |
1.174.849 |
387.601 |
|
EBIT |
|
926.119 |
1.344.944 |
1.460.450 |
385.618 |
|
EBITDA |
|
1.054.444 |
1.488.583 |
1.649.342 |
588.603 |
Summary
The 2013 financial result structure is a postive working captial of
984.708 euro, which is in
agreement with 13 % of the total assets of the company.
The working capital has diminished with -42.45 % compared to previous
year. The ratio, with
respect to the total assets of the company has however, declined.
The deterioration between 2012 and 2013 has mainly been caused by an
increase of the
current liabilities.
The current ratio of the company in 2013 was 1.15. 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 0.28. 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
1.711.194 euro, which is in
agreement with 23 % of the total assets of the company.
The working capital has increased with 58.47 % 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 0.26. 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 t Corporate
Annual account Stafa
Trading B.V.
Den Engelsman 18
6026RB Maarheeze
Netherlands
Registration number: 170755930000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Other tangible fixed assets |
227.938 |
|
|
|
|
|
Tangible fixed assets |
227.938 |
219.816 |
302.896 |
429.547 |
481.201 |
|
Fixed assets |
227.938 |
219.816 |
302.896 |
429.547 |
481.201 |
|
|
|||||
|
Other stock |
5.769.303 |
|
|
|
|
|
Total stock |
5.769.303 |
5.888.333 |
6.160.783 |
4.719.615 |
4.621.655 |
|
Other receivables |
1.718.610 |
|
|
|
|
|
Total receivables |
1.718.610 |
1.463.093 |
1.619.533 |
1.715.266 |
1.150.613 |
|
Liquid funds |
108.776 |
1.738 |
14.670 |
1.950 |
949 |
|
Current assets |
7.596.689 |
7.353.164 |
7.794.986 |
6.436.831 |
5.773.217 |
|
Total assets |
7.824.627 |
7.572.980 |
8.097.882 |
6.866.378 |
6.254.418 |
|
|
|||||
|
Issued capital |
18.805 |
18.805 |
18.805 |
18.805 |
18.805 |
|
Other reserves |
369.981 |
873.425 |
1.284.055 |
1.382.412 |
396.455 |
|
Total reserves |
369.981 |
873.425 |
1.284.055 |
1.382.412 |
396.455 |
|
Total equity |
388.786 |
892.230 |
1.302.860 |
1.401.217 |
415.260 |
|
|
|||||
|
Long term interest yielding
debt |
|
1.038.780 |
79.888 |
159.378 |
248.811 |
|
Other long term liabilities |
823.860 |
|
|
|
|
|
Long term liabilities |
823.860 |
1.038.780 |
79.888 |
159.378 |
248.811 |
|
Other short term liabilities |
6.611.981 |
|
|
|
|
|
Short term
liabilities |
6.611.981 |
5.641.970 |
6.715.134 |
5.305.783 |
5.590.347 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Total short and long
term liabilities |
7.435.841 |
6.680.750 |
6.795.022 |
5.465.161 |
5.839.158 |
|
Total liabilities |
7.824.627 |
7.572.980 |
8.097.882 |
6.866.378 |
6.254.418 |
Summary
The total assets of the company increased with 3.32 % between 2012 and
2013.
The total asset increase is retrievable in the fixed asset growth of
3.69 %.
Asset growth is in contrasts with the net worth decline of -56.43 %. The
company's
indebtedness has, therefore, increased with 11.3 %.
In 2013 the assets of the company were 2.91 % composed of fixed assets
and 97.09 % by
current assets. The assets are being financed by an equity of 4.97 %,
and total debt of 95.03
%.
The total assets of the company decreased with -6.48 % between 2011 and
2012.
This downturn is mainly retrievable in the fixed asset decrease of
-27.43 %.
Assets reduction is explained by a Net Worth decrease of -31.52 %, and
an indebtedness
reduction of -1.68 %.
In 2012 the assets of the company were 2.9 % composed of fixed assets
and 97.1 % by
current assets. The assets are being financed by an equity of 11.78 %,
and total debt of
88.22 %
Profit
and loss
Year
2012
2011 2010 2009
Gross
margin 3.922.602 4.000.589 3.966.030 3.122.765
Wages and salaries 1.626.271 1.508.336 1.309.557 1.260.247
Amorization and depreciation 128.325 143.639
188.892 202.985
|
Year |
2012 |
2011 |
2010 |
2009 |
||
|
other operating costs |
1.241.887 |
1.003.670 |
1.007.131 |
1.273.915 |
||
|
Operating expenses |
2.996.483 |
2.655.645 |
2.505.580 |
2.737.147 |
||
|
Operating result |
|
926.119 |
1.344.944 |
1.460.450 |
385.618 |
|
|
|
||||||
|
Financial expenses |
150.027 |
153.966 |
154.786 |
154.394 |
||
|
Financial result |
-150.027 |
-153.966 |
-154.786 |
-154.394 |
||
|
Result on ordinary operations
before taxes |
|
776.092 |
1.190.978 |
1.305.664 |
231.224 |
|
|
|
||||||
|
Taxation on the result of
ordinary activities |
186.722 |
289.852 |
321.429 |
46.608 |
||
|
Result of ordinary
activities after taxes |
|
589.370 |
901.126 |
984.235 |
184.616 |
|
|
|
||||||
|
Extraordinary income |
|
517 |
1.722 |
|
||
|
Extraordinary result after
taxation |
|
517 |
1.722 |
|
||
|
Net result |
|
589.370 |
901.643 |
985.957 |
184.616 |
|
Summary
The gross profit of the company decreased by -1.95 % between 2011 and
2012.
The operating result of the company declined with -31.14 % 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 -30.32
% of the analysed period, being equal to 2011 % in the year 2012.
The Net Result of the company increased by -34.63 % 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
-4.85 % of the analysed period, being 86.98 % 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 Zuid-Oost-Brabant
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Zuid-Oost-Brabant 5034 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 Zuid-Oost-Brabant 97 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 Zuid-Oost-Brabant is normal
Publications
Filings 05-01-2015: De
jaarrekening over 2013 is gepubliceerd.
17-04-2014: De jaarrekening over 2012 is
gepubliceerd.
Stafa Trading
14-01-2013: De
jaarrekening over 2011 is gepubliceerd.
30-03-2012: De
jaarrekening over 2010 is gepubliceerd.
19-11-2010: De
jaarrekening over 2009 is gepubliceerd.
Amendments 02-03-2012: Geplaatst kapitaal gewijzigd in EUR 20.720,00
Gestort kapitaal gewijzigd in EUR
20.720,00.
02-03-2012: Per
28-2-2012 statuten gewijzigd. Per 28-2-2012 naam gewijzigd in: Stafa
Trading B.V..
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.