MIRA INFORM REPORT
|
Report No. : |
331435 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
JANSEN RECYCLING GROUP B.V. |
|
|
|
|
Registered Office : |
Nijmegenstraat 3-17, 3087CD Rotterdam |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
19.03.1987 |
|
|
|
|
Com. Reg. No.: |
24163546 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Collection of non-hazardous waste · Wholesale of iron and steel scrap and used nonferrous metals |
|
|
|
|
No. of Employees : |
5 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 Jansen
Recycling Group B.V.
Operative address Nijmegenstraat
3-17
3087CD Rotterdam
Netherlands
Legal form Private Company
Registration number KvK-nummer:
24163546
VAT-number 008155069
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
506.017 |
|
|
-100,00 |
135.734 |
|
Total receivables |
21.231.354 |
7.077.018,00 |
300 |
-100,00 |
15.602.754 |
|
Total equity |
21.305.503 |
145.280,44 |
14.655 |
-99,90 |
15.416.256 |
|
Short term liabilities |
30.165.087 |
10.473.888,5 |
288 |
-100,00 |
24.288.223 |
|
Net result |
1.519.468 |
216,06 |
-1.309.183 |
-150,49 |
2.592.794 |
|
Working capital |
21.960.411 |
149.749,27 |
14.655 |
-99,91 |
16.440.529 |
|
Quick ratio |
0,70 |
-98,65 |
51,89 |
8.007,81 |
0,64 |
Contact
information
Company name Jansen Recycling
Group B.V.
Trade names Jansen Recycling
Group B.V.
Operative address Nijmegenstraat
3-17
3087CD Rotterdam
Netherlands
Correspondence address Postbus 59022
3008PA Rotterdam
Netherlands
Telephone number 0104911370
Fax number 0104298108
Email address info@macj.nl
Website www.macj.nl
Registration
Registration number KvK-nummer:
24163546
Branch number 000019290292
VAT-number 008155069
Status Active
First registration company register 1987-01-22
Memorandum 1987-03-19
Establishment date 1987-01-01
Legal form Besloten
Vennootschap
Legal person since 1987-03-19
Last proposed admendment 2014-02-13
Issued placed capital EUR 45.380
Paid up share capital EUR 45.380
Activities
SBI Collection of
non-hazardous waste (3811)
Wholesale of iron
and steel scrap and used nonferrous metals (46772)
Exporter No
Importer No
Goal Groothandel in
bruikbare metalen, metaalafvallen, schroot. Groothandel in schepen,vaartuigen
en het slopen daarvan.
Relations
Shareholders Jansen
Recycling Holding B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241847710000
Percentage: 100%
Jansen Recycling Group B.V.
Koggehaven 3
3133LA VLAARDINGEN
Netherlands
Registration number: 241635460001
Branches Jansen
Recycling Group B.V.
Van Leeuwenhoekweg 21
3316AV DORDRECHT
Netherlands
Registration number: 241635460002
Companies on same address Jansen Recycling
Holding B.V.
Registration number: 241847710000
Management
Jansen Recycling Holding B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241847710000
Competence: Fully authorized
Function: General Director
Starting date: 2011-10-01
H. van Mourik (Huibert)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-06-18
Date of birth: 1954-02-05, Dubbeldam, NL
Active management
P.G. Roest (Pieter Gerrit)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-11-17
Date of birth: 1975-03-08, Lekkerkerk, NL
Involved with the following companies
• Jansen Recycling Holding B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241847710000
Function: Proxy
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
5 |
5 |
30 |
5 |
5 |
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,70 |
51,89 |
0,64 |
0,61 |
0,86 |
|
Current ratio |
1,73 |
51,89 |
1,68 |
1,62 |
1,85 |
|
Working capital/
balance total |
0,42 |
0,98 |
0,40 |
0,38 |
0,45 |
|
Equity / balance
total |
0,40 |
0,98 |
0,38 |
0,36 |
0,43 |
|
Equity / Fixed
assets |
42,10 |
|
113,58 |
55,27 |
34,88 |
|
Equity /
liabilities |
0,68 |
50,89 |
0,61 |
0,55 |
0,76 |
|
Balance total /
liabilities |
1,68 |
51,89 |
1,61 |
1,55 |
1,76 |
|
Working capital |
21.960.411 |
14.655 |
16.440.529 |
13.667.570 |
15.623.098 |
|
Equity |
21.305.503 |
14.655 |
15.416.256 |
12.823.461 |
14.888.948 |
|
Mutation equity |
145.280,44 |
-99,90 |
20,22 |
-13,87 |
96,32 |
|
Mutation short
term liabilities |
10.473.888,54 |
-100,00 |
9,62 |
20,92 |
-9,20 |
|
Return on total
assets (ROA) |
3,86 |
-11.676,01 |
8,46 |
7,15 |
28,44 |
|
Return on equity
(ROE) |
9,54 |
-11.905,47 |
22,43 |
20,11 |
65,65 |
|
Gross profit
margin |
1,19 |
-0,21 |
2,22 |
1,57 |
5,31 |
|
Net profit margin |
0,62 |
-0,59 |
1,38 |
0,94 |
4,04 |
|
Average
collection ratio |
8,12 |
772.753,74 |
7,72 |
9,26 |
9,86 |
|
Average payment
ratio |
11,53 |
741.843,59 |
12,02 |
15,29 |
11,56 |
|
Equity turnover
ratio |
11,49 |
15.186,15 |
12,17 |
16,00 |
12,14 |
|
Total assets
turnover ratio |
4,65 |
14.893,47 |
4,59 |
5,69 |
5,26 |
|
Fixed assets
turnover ratio |
483,76 |
|
1.381,77 |
884,18 |
423,27 |
|
Inventory
conversion ratio |
7,93 |
|
7,47 |
9,16 |
9,90 |
|
Turnover |
244.790.087 |
222.553.076 |
187.553.359 |
205.141.660 |
180.679.833 |
|
Gross margin |
17.497.387 |
12.470.533 |
9.525.394 |
8.735.393 |
13.810.019 |
|
Operating result |
2.909.312 |
12.929.672 |
4.158.407 |
3.230.748 |
9.602.271 |
|
Net result after
taxes |
1.519.468 |
-1.309.183 |
2.592.794 |
1.934.513 |
7.304.979 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Cashflow |
|
-- |
2.689.073 |
2.191.150 |
7.546.802 |
|
Gross profit |
|
|
|
205.141.660 |
180.679.833 |
|
EBIT |
|
|
4.158.407 |
3.230.748 |
9.602.271 |
|
EBITDA |
|
|
4.254.686 |
3.487.385 |
9.844.094 |
Summary
The 2014 financial result structure is a postive working captial of 21.960.411 euro, which is in
agreement with 42 % of the total assets of the company.
The working capital has increase with 149749.27 % compared to previous year. The ratio
with respect to the total assets of the company has however, declined.
The improvement between 2013 and 2014 has mainly been caused by a current liabilities
reduction.
The current ratio of the company in 2014 was 1.73. A company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2014 of the company was 0.7. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
The 2013 financial result structure is a postive working captial of 14.655 euro, which is in
agreement with 98 % of the total assets of the company.
The working capital has diminished with -99.91 % compared to previous year. The ratio, with
respect to the total assets of the company has however, increased.
The deterioration between 2012 and 2013 has mainly been caused by a reduction of the
current assets.
The current ratio of the company in 2013 was 51.89. If the current ratio exeeds 3.0, the
company may not be using its current assets or its short-term financing facilities efficiently .
The quick ratio in 2013 of the company was 51.89. A company with a Quick Ratio of more
than 1 can currently pay back its current liabilities.
Financial
statement
Last annual
account 2014
Remark annual
account The company is obliged to file its financial
statements.
Type of annual
account Corporate
Annual account Jansen Recycling Group
B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241635460000
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Real estate |
44.993 |
|
|
|
|
|
Plant and machinery |
26.979 |
|
|
|
|
|
Other tangible fixed assets |
434.045 |
|
|
|
|
|
Tangible fixed assets |
506.017 |
|
135.734 |
232.013 |
426.863 |
|
Fixed assets |
506.017 |
|
135.734 |
232.013 |
426.863 |
|
Total stock |
30.880.847 |
|
25.121.951 |
22.387.009 |
18.258.522 |
|
Accounts receivable |
20.181.284 |
|
14.482.618 |
11.920.295 |
13.282.998 |
|
Tax receivables |
619.510 |
|
|
|
|
|
Other receivables |
430.560 |
|
1.120.136 |
1.495.426 |
2.352.703 |
|
Total receivables |
21.231.354 |
300 |
15.602.754 |
13.415.721 |
15.635.701 |
|
Liquid funds |
13.297 |
14.643 |
4.047 |
21.350 |
52.345 |
|
Current assets |
52.125.498 |
14.943 |
40.728.752 |
35.824.080 |
33.946.568 |
|
Total assets |
52.631.515 |
14.943 |
40.864.486 |
36.056.093 |
34.373.431 |
|
Issued capital |
45.380 |
18.000 |
45.378 |
45.378 |
45.378 |
|
Other reserves |
21.260.123 |
-3.345 |
15.370.878 |
12.778.083 |
14.843.570 |
|
Total reserves |
21.260.123 |
-3.345 |
15.370.878 |
12.778.083 |
14.843.570 |
|
Total equity |
21.305.503 |
14.655 |
15.416.256 |
12.823.461 |
14.888.948 |
|
Provisions |
1.160.925 |
|
1.160.007 |
1.076.122 |
1.161.013 |
|
Accounts payable |
5.374.633 |
|
2.775.210 |
1.473.249 |
5.042.766 |
|
Liabilities towards credit institutes |
22.329.770 |
|
|
|
|
|
Tax liabilities |
220.189 |
|
|
|
|
|
Debts to subsidiary companies |
1.412.445 |
|
|
|
|
|
Other short term liabilities |
828.050 |
|
21.513.013 |
20.683.261 |
13.280.704 |
|
Short term liabilities |
30.165.087 |
288 |
24.288.223 |
22.156.510 |
18.323.470 |
|
Total short and long term liabilities |
31.326.012 |
288 |
25.448.230 |
23.232.632 |
19.484.483 |
|
Total liabilities |
52.631.515 |
14.943 |
40.864.486 |
36.056.093 |
34.373.431 |
Summary
The total assets of the company increased with 352115.18 % between 2013
and 2014.
The asset growth has mainly been financed by a debt increase of
10876987.5 %. The Net
Worth, however, grew with 145280.44 %.
In 2014 the assets of the company were 0.96 % composed of fixed assets
and 99.04 % by
current assets. The assets are being financed by an equity of 40.48 %,
and total debt of
59.52 %.
The total assets of the company decreased with -99.96 % between 2012 and
2013.
Assets reduction is explained by a Net Worth decrease of -99.9 %, and an
indebtedness
reduction of -100 %.
Profit
& loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
|
|
187.553.359 |
205.156.663 |
180.801.823 |
|
Other operating income |
|
|
|
15.003 |
121.990 |
|
Net turnover |
244.790.087 |
222.553.076 |
187.553.359 |
205.141.660 |
180.679.833 |
|
Cost of sales |
227.292.700 |
210.082.543 |
|
|
|
|
Gross margin |
17.497.387 |
12.470.533 |
9.525.394 |
8.735.393 |
13.810.019 |
|
Wages and salaries |
3.021.178 |
3.496.518 |
1.704.892 |
1.839.710 |
1.521.019 |
|
Social security contributions |
495.149 |
|
|
|
|
|
Pension and similar |
246.365 |
|
|
|
|
|
Amorization and depreciation |
46.573 |
68.953 |
96.279 |
256.637 |
241.823 |
|
Sales |
|
|
178.027.965 |
196.406.267 |
166.869.814 |
|
other operating costs |
10.778.810 |
9.364.201 |
3.565.816 |
3.423.301 |
2.566.896 |
|
Operating expenses |
14.588.075 |
12.929.672 |
183.394.952 |
201.925.915 |
171.199.552 |
|
Operating result |
2.909.312 |
-459.139 |
4.158.407 |
3.230.748 |
9.602.271 |
|
Financial income |
|
|
204.112 |
331.194 |
471.165 |
|
Financial expenses |
|
|
905.416 |
982.591 |
299.265 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Financial result |
-876.568 |
-1.285.607 |
-701.304 |
-651.397 |
171.900 |
|
Result on ordinary operations before taxes |
2.032.744 |
-1.744.746 |
3.457.103 |
2.579.351 |
9.774.171 |
|
Taxation on the result of ordinary activities |
513.276 |
435.563 |
864.309 |
644.838 |
2.469.192 |
|
Result of ordinary activities after taxes |
1.519.468 |
-1.309.183 |
2.592.794 |
1.934.513 |
7.304.979 |
|
Net result |
1.519.468 |
-1.309.183 |
2.592.794 |
1.934.513 |
7.304.979 |
|
Attributable to shareholders |
1.519.468 |
-1.309.183 |
|
|
|
Summary
The turnover of the company grew with 9.99 % between 2013 and 2014.
The gross profit of the company grew with 40.31 % between 2013 and 2014.
The operating result of the company declined with -77.5 % between 2013
and 2014. This
evolution implies an decrease of the company's economic profitability.
The result of these changes is an increase of the company's Economic
Profitability of 100.03
% of the analysed period, being equal to 2013 % in the year 2014.
Despite the growth the assets turnover decreased, whose index evolved
with -99.97 % to a
level of 4.65.
The Net Result of the company decreased by 216.06 % between 2013 and
2014.
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 100.08 % of the analysed period, being 9.54 % in the year 2014.
The company's financial structure has slowed down its financial
profitability.
The turnover of the company grew with 18.66 % between 2012 and 2013.
The gross profit of the company grew with 30.92 % between 2012 and 2013.
The operating result of the company grew with 210.93 % between 2012 and
2013. This
evolution implies an increase of the company's economic profitability.
The result of these changes is a reduction of the company's Economic
Profitability of
-138114.3 % of the analysed period, being equal to 2012 % in the year
2013.
Despite the decline the assets turnover increased by 324376.47 %
reaching 14893.47.
The Net Result of the company increased by -150.49 % between 2012 and
2013.
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
-53178.33 % of the analysed period, being -11905.47 % in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch (SBI) Waste collection,
treatment and disposal activities; materials recovery (38)
Region Groot Rotterdam
In the Netherlands 1474 of the companies are
registered with the SBI code 38
In the region Groot Rotterdam 114 of the
companies are registered with the SBI code 38
In the Netherlands 29 of the bankrupcties are
published within this sector
In the region Groot Rotterdam 1 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 Rotterdam is normal
Publications
Filings 30-06-2015: De
jaarrekening over 2014 is gepubliceerd.
10-09-2014: De jaarrekening over 2013 is
gepubliceerd.
15-04-2013: De jaarrekening over 2012 is
gepubliceerd.
03-04-2012: De jaarrekening over 2011 is
gepubliceerd.
20-04-2011: De jaarrekening over 2010 is
gepubliceerd.
Functions 03-12-2014: Per
17-11-2014 is gevolmachtigde Pieter Gerrit Roest in functie getreden.
04-07-2014: Per 18-06-2014 is gevolmachtigde
Huibert van Mourik in functie getreden.
04-10-2011: Per 01-10-2011 is bestuurder
24184771 Jansen Recycling Groep B.V. in functie
getreden.
04-10-2011: Per 01-10-2011 is bestuurder
Cornelis Peet uit functie getreden.
04-10-2011: Per 01-10-2011 is bestuurder
Arie Cornelis Jansen uit functie getreden.
04-10-2011: Per 01-10-2011 is bestuurder
Harmen Cornelis Jansen uit functie getreden.
04-10-2011: Per 01-10-2011 is bestuurder
Klaas Jansen uit functie getreden.
Mergers 17-02-2014: Op
13-02-2014 fusieakte verleden. Verkrijgende rechtspersoon:
Jansen
Recycling Group B.V., 24163546 Verdwijnende
rechtspersonen: Zuid-Hollandse
Metaalmaatschappij "Zethameta"
B.V., 24167860 Waterstad Recycling B.V., 24249276.
08-01-2014: Op 06-01-2014 fusievoorstel
gedeponeerd. Verkrijgende rechtspersoon:
Metaalhandel A.C. Jansen B.V., 24163546
Verdwijnende rechtspersonen: Zuid-Hollandse
Metaalmaatschappij "Zethameta"
B.V., 24167860 Waterstad Recycling B.V., 24249276.
Amendments 17-02-2014: Per
13-2-2014 statuten gewijzigd. Per 14-2-2014 naam gewijzigd in: Jansen Recycling
Group B.V..
Company
structure
Relations 6
Stichting Administratiekantoor Jansen Recycling Groep
Nijmegenstraat 3-17
3087CD ROTTERDAM
Netherlands
Registration number: 411337560000
• Jansen Recycling Holding B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241847710000
• Jansen Recycling Group B.V.
Nijmegenstraat 3-17
3087CD Rotterdam
Netherlands
Registration number: 241635460000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.