MIRA INFORM REPORT
|
Report No. : |
329747 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANDVIK DC VENLO B.V. |
|
|
|
|
Registered Office : |
Amundsenweg 4, 5928LT Venlo |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
08.07.2003 |
|
|
|
|
Legal Form : |
Private Company with Regular Structure |
|
|
|
|
Line of Business : |
Subject is engaged in storage in distribution centres and
other storage (not in tanks, refrigerated warehouses |
|
|
|
|
No. of Employee : |
Not Available |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
The Netherlands, the sixth-largest economy in the European
Union, plays an important role as a European transportation hub, with a
persistently high trade surplus, stable industrial relations, and moderate
unemployment. Industry focuses on 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
food-processing and underpins the country’s status as the world’s second
largest agricultural exporter. The Netherlands is part of the Eurozone, and as
such, its monetary policy is controlled by the European Central Bank. The Dutch
financial sector is highly concentrated, with four commercial banks possessing
over 90% of banking assets. The sector suffered as a result of the global
financial crisis and required billions of dollars of government support, but
the European Banking Authority completed stringent reviews in 2014 and deemed
Dutch banks to be well-capitalized. To address the 2009 and 2010 economic
downturns, the government sought to stimulate the domestic economy by
accelerating infrastructure programs, offering corporate tax breaks for
employers to retain workers, and expanding export credits. 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 has since implemented significant
austerity measures to improve public finances and has instituted broad
structural reforms in in key policy areas, including the labor market, the
housing sector, the energy market, and the pension system. As a result, the
government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following
a protracted recession during which unemployment doubled to 7.4% and household
consumption contracted for nearly three consecutive years, the year 2014 saw
fragile GDP growth of 0.8 percent and a rise in most economic indicators.
Drivers of growth included increased exports and business investments, as well
as newly invigorated household consumption.
|
Source
: CIA |
Summary
|
|
|
Company name |
SANDVIK DC VENLO
B.V. |
|
Operative address |
Amundsenweg 4 |
|
|
5928LT VENLO |
|
|
Netherlands |
|
|
|
|
Legal form |
Private company with regular structure |
|
Registration number |
KvK-nummer: 24350347 |
|
VAT-number |
812426940 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
437.000 |
-26,18 |
592.000 |
-21,07 |
750.000 |
|
Total receivables |
570.000 |
-16,05 |
679.000 |
3,82 |
654.000 |
|
Total equity |
203.000 |
-6,02 |
216.000 |
22,03 |
177.000 |
|
Short term liabilities |
791.000 |
-24,02 |
1.041.000 |
-14,18 |
1.213.000 |
|
Working capital |
-220.000 |
39,23 |
-362.000 |
35,24 |
-559.000 |
|
Quick ratio |
0,72 |
10,77 |
0,65 |
20,37 |
0,54 |
Contact
information
|
Company name |
Sandvik DC Venlo B.V. |
|
Trade names |
Sandvik DC Venlo B.V. |
|
|
|
|
Operative address |
Amundsenweg 4 |
|
|
5928LT VENLO |
|
|
Netherlands |
|
Correspondence address |
Postbus 3091 |
|
|
5902RB VENLO |
|
|
Netherlands |
|
|
|
|
Telephone number |
077-3960700 |
|
Fax number |
0773960730 |
|
Email address |
info@sandvik.com |
Registration
|
|
|
Registration number |
KvK-nummer: 24350347 |
|
Branch number |
000017146275 |
|
VAT-number |
812426940 |
|
Status |
Active |
|
First registration company
register |
2003-07-08 |
|
Memorandum |
2003-07-08 |
|
Establishment date |
2003-07-08 |
|
Legal form |
Private company with regular structure |
|
Last proposed admendment |
2004-12-14 |
|
Issued placed capital |
EUR 18.000 |
|
Paid up share capital |
EUR 18.000 |
Activities
|
|
|
SBI |
Storage in distribution centres and other storage (not
in tanks, refrigerated warehouses etc.) (52109) |
|
Exporter |
No |
|
Importer |
No |
|
Goal |
Opslag en distributie van goederen, holding en
financieringswerkzaamheden |
Relations
|
Shareholders |
Sandvik Benelux B.V. 's-Gravelandseweg 401 3125BJ SCHIEDAM Netherlands Registration number: 242146890000 Percentage: 100% |
|
|
|
|
Companies on same address |
Santrade Ltd. Registration number: 242257920001 |
|
|
|
|
Liability statements |
Sandvik Benelux B.V. 's-Gravelandseweg 401 3125BJ SCHIEDAM Netherlands Registration number: 242146890000 Starting date: 2003-07-08 End date: 2005-04-29 |
Management
|
Active management |
Sandvik Benelux B.V. 's-Gravelandseweg 401 3125BJ SCHIEDAM Netherlands Registration number: 242146890000 Competence: Fully authorized Function: Manager Starting date: 2003-07-08 E. Ewalts - Friesen (Elly) Netherlands Competence: Limited authorization Function: Proxy Starting date: 2004-04-01 Date of birth: 1957-08-25, Helmond, NL A. Roller (Andreas) Netherlands Competence: Limited authorization Function: Proxy Starting date: 2007-11-01 Date of birth: 1952-01-02, Bad Schwartau, DE |
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
0 |
0 |
31 |
35 |
36 |
Key
figures
|
|
||||
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,72 |
0,65 |
0,54 |
0,17 |
0,22 |
|
Current ratio |
0,72 |
0,65 |
0,54 |
0,17 |
0,22 |
|
Working capital/ balance total |
-0,22 |
-0,28 |
-0,40 |
-0,70 |
-0,66 |
|
Equity / balance total |
0,20 |
0,17 |
0,13 |
0,15 |
0,14 |
|
Equity / Fixed assets |
0,46 |
0,36 |
0,24 |
0,17 |
0,17 |
|
Equity / liabilities |
0,25 |
0,20 |
0,14 |
0,17 |
0,16 |
|
Balance total / liabilities |
1,25 |
1,20 |
1,14 |
1,17 |
1,16 |
|
Working capital |
-220.000 |
-362.000 |
-559.000 |
-700.000 |
-843.000 |
|
Equity |
203.000 |
216.000 |
177.000 |
147.000 |
176.000 |
|
Mutation equity |
-6,02 |
22,03 |
20,41 |
-16,48 |
0,57 |
|
Mutation short term liabilities |
-24,02 |
-14,18 |
43,55 |
-21,54 |
-35,74 |
Summary
The 2013 financial result structure is a negative working captial of -220.000 euro, which is in agreement with -22 % of the total assets of the company.
The working capital has increased with 39.23 % 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 0.72. 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 0.72. 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 -362.000 euro, which is in agreement with -28 % of the total assets of the company.
The working capital has increased with 35.24 % 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 0.65. 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 0.65. 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 |
Sandvik DC Venlo B.V. Amundsenweg 4 5928LT VENLO Netherlands Registration number: 243503470000 |
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 |
437.000 |
592.000 |
750.000 |
858.000 |
1.052.000 |
|
Fixed assets |
437.000 |
592.000 |
750.000 |
858.000 |
1.052.000 |
|
Total receivables |
570.000 |
679.000 |
654.000 |
145.000 |
234.000 |
|
Liquid funds |
1.000 |
|
|
|
|
|
Current assets |
571.000 |
679.000 |
654.000 |
145.000 |
234.000 |
|
Total assets |
1.008.000 |
1.271.000 |
1.404.000 |
1.003.000 |
1.286.000 |
|
Issued capital |
18.000 |
18.000 |
18.000 |
18.000 |
18.000 |
|
Other reserves |
48.000 |
198.000 |
159.000 |
34.000 |
7.000 |
|
Non-distributable profit |
137.000 |
|
|
95.000 |
151.000 |
|
Total reserves |
185.000 |
198.000 |
159.000 |
129.000 |
158.000 |
|
Total equity |
203.000 |
216.000 |
177.000 |
147.000 |
176.000 |
|
Provisions |
14.000 |
14.000 |
14.000 |
11.000 |
33.000 |
|
Short term liabilities |
791.000 |
1.041.000 |
1.213.000 |
845.000 |
1.077.000 |
|
Total short and long term
liabilities |
805.000 |
1.055.000 |
1.227.000 |
856.000 |
1.110.000 |
|
Total liabilities |
1.008.000 |
1.271.000 |
1.404.000 |
1.003.000 |
1.286.000 |
Summary
The total assets of the company decreased with -20.69 %
between 2012 and 2013.
This downturn is mainly retrievable in the fixed asset
decrease of -26.18 %.
Assets reduction is explained by a Net Worth decrease of
-6.02 %, and an indebtedness reduction of -23.7 %.
In 2013 the assets of the company were 43.35 % composed of
fixed assets and 56.65 % by current assets. The assets are being financed by an
equity of 20.14 %, and total debt of 79.86 %.
The total assets of the company decreased with -9.47 %
between 2011 and 2012. This downturn is mainly retrievable in the fixed asset
decrease of -21.07 %. The asset reduction is in contrast with the equity growth
of 22.03 %. Due to this the total debt decreased with -14.02 %.
In 2012 the assets of the company were 46.58 % composed of
fixed assets and 53.42 % by current assets. The assets are being financed by an
equity of 16.99 %, and total debt of 83.01 %.
Analysis
|
Branch (SBI) |
Warehousing and support activities for transportation
(52) |
|
Region |
Limburg In the Netherlands 9324 of the companies are registered with the SBI code 52 In the region Limburg 404 of the companies are registered with the SBI code 52 In the Netherlands 202 of the bankrupcties are published within this sector In the region Limburg 15 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 Limburg is normal |
Publications
|
Filings |
26-09-2014: De jaarrekening over 2013 is gepubliceerd. 13-11-2013: De jaarrekening over 2012 is gepubliceerd. 24-09-2012: De jaarrekening over 2011 is gepubliceerd. 28-09-2011: De jaarrekening over 2010 is gepubliceerd. 30-08-2010: De jaarrekening over 2009 is gepubliceerd. |
Company
structure
|
Relations |
6 |
Sandvik AB
SE-811
81 Sandviken Sweden
Sandvik Finance B.V.
's-Gravelandseweg 401
3125BJ SCHIEDAM
Netherlands
Registration number: 242413180000
Sandvik Benelux B.V.
's-Gravelandseweg 401
3125BJ SCHIEDAM
Netherlands
Registration number: 242146890000
Sandvik DC Venlo B.V.
Amundsenweg 4
5928LT VENLO
Netherlands
Registration number: 243503470000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.