MIRA INFORM REPORT
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Report No. : |
332573 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
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Name : |
GODAVARI BIOREFINERIES B.V. |
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Registered Office : |
Orlyplein 10 1043DP Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
26.01.2009 |
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Com. Reg. No.: |
KvK-nummer: 34325188 |
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Legal Form : |
Private company |
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Line of Business : |
Biotechnical research and development on agricultural products and processes |
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No. of Employee : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
Summary
Company name Godavari Biorefineries B.V.
Operative
address Orlyplein 10
1043DP Amsterdam
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 34325188
VAT-number
820386157
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
2.941 |
-32,62 |
4.365 |
-24,60 |
5.789 |
|
Total receivables |
564.419 |
14,49 |
492.978 |
22,90 |
401.128 |
|
Total equity |
428.824 |
0,91 |
424.948 |
32,23 |
321.361 |
|
Short term liabilities |
138.536 |
91,36 |
72.395 |
-15,38 |
85.556 |
|
Working capital |
425.883 |
1,26 |
420.583 |
33,28 |
315.572 |
|
Quick ratio |
4,07 |
-40,23 |
6,81 |
45,20 |
4,69 |
Contact
information
Company
name Godavari Biorefineries B.V.
Trade
names Godavari Biorefineries B.V.
Operative
address Orlyplein 10
1043DP Amsterdam
Netherlands
Correspondence
address
Postbus 58176
1040HD Amsterdam
Netherlands
Telephone
number 0205773530
Fax
number 0205773539
Registration
Registration
number KvK-nummer: 34325188
Branch
number 000020366132
VAT-number
820386157
Status
Active
First
registration company
register
2009-02-03
Memorandum
2009-01-26
Establishment
date 2009-01-26
Legal
form Private Company
Issued
placed capital EUR 18.000
Paid
up share capital EUR 18.000
Activities
SBI
Biotechnical research and development
on agricultural products and processes (72111)
Exporter
No
Importer
No
Goal
Het verlenen van diensten
aan andere vennootschappen, in het bijzonder vennootschappen
die opereren op het gebied van het produceren
en handelen in allerhande chemicaliën,
alcohol, suiker en suikerproducten,
agrarische producten en gerelateerde producten inclusief
zware chemicaliën, bijzondere chemicaliën,
bouwchemicaliën, organische en anorganische
chemicaliën, biochemicalische samenstellingen,
biotechnische productenvoor haar eigen
rekening of voor rekening van derden, het importeren en exporteren van
producten.
Relations
Shareholders
Cayuga Investments B.V.
Orlyplein 10
1043DP AMSTERDAM
Netherlands
Registration number: 343192130000
Percentage: 100%
Companies
on same address Amount: 37
Management
Active
management P.L. Oei (Peter Luc)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-03-14
Date of birth: 1962-03-06, Bloemendaal, NL
Involved with the following companies
• Footscray Property Holdings B.V.
Orlyplein 10Floor 24
1043DP Amsterdam
Netherlands
Registration number: 611127550000
Function: Manager
• Allied Corporate Services B.V.
Orlyplein 10floor 24
1043DP Amsterdam
Netherlands
Registration number: 342434650000
Function: General Director
• Allied Corporate Management B.V.
Orlyplein 10floor 24
1043DP Amsterdam
Netherlands
Registration number: 342458370000
Function: General Director
S.G. Mokashi (Shrinivas Gopal)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2009-01-26
Date of birth: 1954-06-01, Halyal Belgaum
Karnataka, IN
Active management
. Rajiv Rangarajan
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2009-10-02
Date of birth: 1978-08-29, Mumbai, IN
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2010 |
|
Total |
1 |
2 |
1 |
1 |
3 |
Payments
Description Geen klachten
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
4,07 |
6,81 |
4,69 |
2,61 |
1,38 |
|
Current ratio |
4,07 |
6,81 |
4,69 |
2,61 |
1,38 |
|
Working capital/ balance total |
0,75 |
0,85 |
0,78 |
0,60 |
0,27 |
|
Equity / balance total |
0,76 |
0,85 |
0,79 |
0,63 |
0,27 |
|
Equity / Fixed assets |
145,81 |
97,35 |
55,51 |
24,95 |
|
|
Equity / liabilities |
3,10 |
5,87 |
3,76 |
1,68 |
0,38 |
|
Balance total / liabilities |
4,10 |
6,87 |
4,76 |
2,68 |
1,38 |
|
Working capital |
425.883 |
420.583 |
315.572 |
144.560 |
27.514 |
|
Equity |
428.824 |
424.948 |
321.361 |
150.597 |
27.514 |
|
Mutation equity |
0,91 |
32,23 |
113,39 |
447,35 |
|
|
Mutation short term liabilities |
91,36 |
-15,38 |
-4,63 |
23,05 |
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Summary
The 2014 financial result structure is a
postive working captial of 425.883 euro, which is in
agreement with 75 % of the total assets of
the company.
The working capital has increase with 1.26 %
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
4.07. 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 2014 of the company was
4.07. A company with a Quick Ratio of more than
1 can currently pay back its current
liabilities.
The 2013 financial result structure is a
postive working captial of 420.583 euro, which is in
agreement with 85 % of the total assets of
the company.
The working capital has increased with 33.28
% 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
6.81. 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
6.81. 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 Godavari
Biorefineries B.V.
Orlyplein 10
1043DP Amsterdam
Netherlands
Registration number: 343251880000
Balance
sheet
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
|
Tangible fixed assets |
2.941 |
4.365 |
5.789 |
6.037 |
|
|
Fixed assets |
2.941 |
4.365 |
5.789 |
6.037 |
|
|
Other receivables |
564.419 |
492.978 |
401.128 |
|
100.419 |
|
Total receivables |
564.419 |
492.978 |
401.128 |
|
100.419 |
|
Liquid funds |
|
|
|
234.271 |
|
|
accruals |
564.419 |
492.978 |
401.128 |
|
100.419 |
|
Current assets |
564.419 |
492.978 |
401.128 |
234.271 |
100.419 |
|
Total assets |
567.360 |
497.343 |
406.917 |
240.308 |
100.419 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
|
Issued capital |
|
18.000 |
18.000 |
18.000 |
18.000 |
|
Share premium reserve |
|
10.000 |
10.000 |
10.000 |
10.000 |
|
Other reserves |
428.824 |
396.948 |
293.361 |
122.597 |
-486 |
|
Total reserves |
428.824 |
406.948 |
303.361 |
132.597 |
9.514 |
|
Total equity |
428.824 |
424.948 |
321.361 |
150.597 |
27.514 |
|
Short term liabilities |
138.536 |
72.395 |
85.556 |
89.711 |
72.905 |
|
Total short and long term liabilities |
138.536 |
72.395 |
85.556 |
89.711 |
72.905 |
|
Total liabilities |
567.360 |
497.343 |
406.917 |
240.308 |
100.419 |
Summary
The total assets of the company increased
with 14.08 % between 2013 and 2014.
Despite the assets growth, the non current
assets decreased with -32.62 %.
The asset growth is explained by a reduction
of 91.36 % of the company's indebtness, this
while, the Net Worth remains unchanged.
In 2014 the assets of the company were 0.52 %
composed of fixed assets and 99.48 % by
current assets. The assets are being financed
by an equity of 75.58 %, and total debt of
24.42 %.
The total assets of the company increased
with 22.22 % between 2012 and 2013.
Despite the assets growth, the non current
assets decreased with -24.6 %.
The assets growth has been financed by a Net
Worth increase of 32.23 %. The company's
net increase has also covered a reduction of
-15.38 % of the company's indebtedness.
In 2013 the assets of the company were 0.88 %
composed of fixed assets and 99.12 % by
current assets. The assets are being financed
by an equity of 85.44 %, and total debt of
14.56 %.
Analysis
Branch
(SBI) Financial institutions, except insurance and
pension funding (64)
Region
Groot Amsterdam
In the Netherlands 377806 of the companies
are registered with the SBI code 64
In the region Groot Amsterdam 53947 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 Amsterdam 299 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 Amsterdam is Low
Publications
Filings
24-06-2014: De jaarrekening
over 2014 (gebroken boekjaar) is gepubliceerd.
30-08-2013: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
05-09-2012: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
11-10-2011: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
21-12-2010: De jaarrekening over 2010 (gebroken boekjaar) is
gepubliceerd.
Company
structure
Relations 3
Godavari Biorefineries Limited
Somaiya Bhavan 45/47 M.G. Road
Fort, 400,001 Mumbai
India
• Cayuga Investments B.V.
Orlyplein 10
1043DP AMSTERDAM
Netherlands
Registration number: 343192130000
• Godavari Biorefineries B.V.
Orlyplein 10
1043DP Amsterdam
Netherlands
Registration number: 343251880000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.