MIRA INFORM REPORT

 

 

Report No. :

330414

Report Date :

10.07.2015

 

IDENTIFICATION DETAILS

 

Name :

IPS GROEP B.V.

 

 

Registered Office :

Jan van Galenstraat 25 3115JG Schiedam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

07.03.1995

 

 

Com. Reg. No.:

KvK-nummer: 24276017

 

 

Legal Form :

Private company

 

 

Line of Business :

Financial holding

 

[Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

Not Available

 

 

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 :

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 – 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                        IPS Groep B.V.

Operative address                    Jan van Galenstraat 25

3115JG Schiedam

Netherlands

 

Legal form                               Private Company

Registration number                KvK-nummer: 24276017

VAT-number                             805940947

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

5.164.464

51,14

3.417.118

30,29

2.622.660

Total receivables

830.387

227,30

253.710

-41,04

430.333

Total equity

4.884.608

60,29

3.047.392

23,62

2.465.070

Short term liabilities

760.752

249,69

217.552

-44,72

393.545

Working capital

69.885

2,91

67.909

31,25

51.739

Quick ratio

1,09

-16,79

1,31

15,93

1,13

 

 

 

 

 

Contact information

 

Company name                        IPS Groep B.V.

Trade names                            IPS Groep B.V.

 

Operative address                    Jan van Galenstraat 25

3115JG Schiedam

Netherlands

 

Correspondence address         Jan van Galenstraat 25

3115JG Schiedam

Netherlands

 

Telephone number                   0104621722

Fax number                              0102420168

 

Email address                          gerard@ipsholland.nl

 

Registration

 

Registration number                KvK-nummer: 24276017

Branch number                        000018377475

VAT-number                             805940947

Status                                      Active

 

First registration company

register                                    1997-09-11

Memorandum                           1997-09-04

Establishment date                  1995-03-07

 

Legal form                               Private Company

Legal person since                   1997-09-04

Last proposed admendment     2015-01-26

 

Issued placed capital               EUR 45.905

Paid up share capital               EUR 45.905

 

 

Activities

 

SBI                                           Financial holding (6420)

 

Exporter                                   No

Importer                                   No

 

Goal                                         Holdingvennootschap

 

 

Relations

 

Shareholders                           Global Participations Rotterdam B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243182120000

Percentage: 100%

Companies on same address   Amount: 14

 

 

Bank details

 

Accounts                      ING Bank NV

Account number: 65.34.25.732

BIC: INGBNL2A

Rabobank Nederland

Account number: NL21RABO0395073499

BIC: RABONL2U

 

 

Management

 

Active management      A.G. Zondervan Beheer B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 242549780000

Competence: Fully authorized

Function: Manager

Starting date: 1997-09-04

F.J. Andressen (Fredrikus Jacobus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2005-08-01

Date of birth: 1960-03-08, Rotterdam, NL

Involved with the following companies

• IPS Group B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243183080000

Function: Proxy

 

 

Employees

 

Year

 

2015

2014

2012

Total

0

0

1

 

 

 

 

Payments

 

Description                  Overeenkomstig conditie

 

 

Key figures

 

Year

 

2013

2012

2011

2010

2009

Quick ratio

1,09

1,31

1,13

1,08

1,07

Current ratio

1,09

1,31

1,13

1,08

1,07

Working capital/ balance total

0,01

0,02

0,02

0,01

0,01

Equity / balance total

0,81

0,82

0,80

0,78

0,81

Equity / Fixed assets

0,95

0,89

0,94

0,93

0,95

Equity / liabilities

4,36

4,65

4,09

3,59

4,19

Balance total / liabilities

5,35

5,65

5,09

4,59

5,19

Working capital

69.885

67.909

51.739

32.364

26.580

Equity

4.884.608

3.047.392

2.465.070

2.083.302

2.135.371

Mutation equity

60,29

23,62

18,33

-2,44

-27,37

Mutation short term liabilities

249,69

-44,72

2,79

1,90

4,56

 

 

Summary         The 2013 financial result structure is a postive working captial of 69.885 euro, which is in

agreement with 1 % of the total assets of the company.

The working capital has increase with 2.91 % compared to previous year. The ratio with

respect to the total assets of the company has however, declined.

The improvement between 2012 and 2013 has mainly been caused by a current liabilities

reduction.

The current ratio of the company in 2013 was 1.09. 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 1.09. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

The 2012 financial result structure is a postive working captial of 67.909 euro, which is in

agreement with 2 % of the total assets of the company.

The working capital has increased with 31.25 % compared to previous year. The ratio with

respect to the total assets of the company remains unchanged.

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 1.31. 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 1.31. A company with a Quick Ratio of more than

1 can 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            Corporate

Annual account                        IPS Groep B.V.

Jan van Galenstraat 25

3115JG Schiedam

Netherlands

Registration number: 242760170000

 

 

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

Financial fixed assets

5.164.464

3.417.118

2.622.660

2.248.053

2.242.267

Fixed assets

5.164.464

3.417.118

2.622.660

2.248.053

2.242.267

Total receivables

830.387

253.710

430.333

401.114

394.911

Liquid funds

250

31.751

14.951

14.120

7.399

Current assets

830.637

285.461

445.284

415.234

402.310

Total assets

5.995.101

3.702.579

3.067.944

2.663.287

2.644.577

Issued capital

46.290

46.290

46.290

46.290

46.290

Share premium reserve

20.136

20.136

20.136

20.136

20.136

Other reserves

4.818.182

2.980.966

2.398.644

2.016.876

2.068.945

Total reserves

4.838.318

3.001.102

2.418.780

2.037.012

2.089.081

Total equity

4.884.608

3.047.392

2.465.070

2.083.302

2.135.371

Provisions

359.741

437.635

209.329

197.115

133.476

Short term liabilities

760.752

217.552

393.545

382.870

375.730

Total short and long term liabilities

1.120.493

655.187

602.874

579.985

509.206

Total liabilities

5.995.101

3.702.579

3.067.944

2.663.287

2.644.577

 

Summary         The total assets of the company increased with 61.92 % between 2012 and 2013.

The fixed asset growth of 51.14 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 71.02 %. The Net Worth,

however, grew with 60.29 %.`

In 2013 the assets of the company were 86.14 % composed of fixed assets and 13.86 % by

current assets. The assets are being financed by an equity of 81.48 %, and total debt of

18.52 %.

The total assets of the company increased with 20.69 % between 2011 and 2012.

The total asset increase is retrievable in the fixed asset growth of 30.29 %.

The asset growth has mainly been financed by a Net Worth increase of 23.62 %. Debt,

however, grew with 8.68 %.

In 2012 the assets of the company were 92.29 % composed of fixed assets and 7.71 % by

current assets. The assets are being financed by an equity of 82.3 %, and total debt of 17.7 %.

 

 

 

 

Analysis

 

Branch (SBI)                 Financial institutions, except insurance and pension funding (64)

Region                         Groot Rotterdam

In the Netherlands 377806 of the companies are registered with the SBI code 64

In the region Groot Rotterdam 30220 of the companies are registered with the SBI code 64

In the Netherlands 3279 of the bankrupcties are published within this sector

In the region Groot Rotterdam 250 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is Low

The risk of this specific sector in the region Groot Rotterdam is Low

 

 

Publications

 

Filings                         06-02-2015: De jaarrekening over 2013 is gepubliceerd.

14-02-2014: De jaarrekening over 2012 is gepubliceerd.

02-11-2012: De jaarrekening over 2011 is gepubliceerd.

23-01-2012: De jaarrekening over 2010 is gepubliceerd.

25-01-2011: De jaarrekening over 2009 is gepubliceerd.

 

Functions         14-10-2014: Per 31-08-2006 is gevolmachtigde Adrianus Ernst Visker uit functie getreden.

14-10-2014: Per 31-12-2008 is gevolmachtigde Marcus Thomas Matla uit functie getreden.

 

Amendments    28-01-2015: Geplaatst kapitaal gewijzigd in EUR 45.904,50 Gestort kapitaal gewijzigd in EUR

45.904,50.

28-01-2015: Per 26-1-2015 statuten gewijzigd.

 

 

Company structure

 

Relations                                  10

 

Stichting Administratiekantoor Minerva Holding & Investments

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243572570000

• Minerva Hold. & Investm. B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 244476580000

• A.G. Zondervan Beheer B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 242549780000

• Global Participations Rotterdam B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243182120000

• IPS Groep B.V.

Jan van Galenstraat 25

3115JG Schiedam

Netherlands

Registration number: 242760170000

• Terwisga B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243078070000

• IPS Group B.V.

Jan van Galenstraat 25

3115JG SCHIEDAM

Netherlands

Registration number: 243183080000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.51

UK Pound

1

Rs.97.85

Euro

1

Rs.70.50

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.