MIRA INFORM REPORT

 

 

Report No. :

333760

Report Date :

27.07.2015

 

IDENTIFICATION DETAILS

 

Name :

DROTECH B.V.

 

 

Registered Office :

Horsterweg 46 5975NB Sevenum

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

01.11.1990

 

 

Com. Reg. No.:

09070238

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale and commission trade of motor vehicle parts and accessories (no tyres) (45311)

 

 

No. of Employee :               

6

 

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 :

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

 

 

NETHERLAND - 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 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

DROTECH B.V.

Operative address

Horsterweg 46

 

5975NB Sevenum

 

Netherlands

Legal Form

Private Company

Registration number

09070238

VAT-number

009122163

 

 

Year

2014

Mutation

2013

Mutation

2012

Fixed assets

48.656

29,84

37.474

19,40

31.386

Total receivables

196.350

16,03

169.224

-35,34

261.730

Total equity

320.960

71,30

187.365

83,56

102.074

Short term liabilities

629.785

51,78

414.924

-0,87

418.577

Working capital

521.470

7,21

486.391

10,92

438.521

Quick ratio

0,33

-23,26

0,43

-32,81

0,64

 

 

Contact information

 

Company name

Drotech B.V.

Trade names

Drotech B.V.

 

Operative address

Horsterweg 46

 

5975NB Sevenum

 

Netherlands

Correspondence address

Postbus 6802

 

5975ZG Sevenum

 

Netherlands

 

Telephone number

0774671107

Fax number

0774672570

Email address

verkoop@drotech.nl

Website

www.drotech.nl

 

 

Registration  

 

Registration number

09070238

Branch number

000019272324

VAT-number

009122163

Status

Active

First registration company register

1991-01-02

Memorandum

1990-12-24

Establishment date

1990-11-01

Legal form

Private Company

Legal person since

1990-12-24

Issued placed capital

EUR 18.151

Paid up share capital

EUR 18.151

 

 

Activities

           

SBI

Wholesale and commission trade of motor vehicle parts and accessories (no tyres) (45311)

Exporter

Yes

Importer

Yes

 

Goal

The wholesale, including import and export of spare parts for vehicles and container technology

 

 

Relations

 

Shareholders

'H. Sturme Beheer B.V.'

Horsterweg 46

5975NB SEVENUM Netherlands

 

Registration number: 091098610000 Percentage: 100%

 

Companies on same address

'H. Sturme Beheer B.V.'

Registration number: 091098610000

 

 

Management

 

Active management

   'H. Sturme Beheer B.V.'

Horsterweg 46

5975NB SEVENUM Netherlands

Registration number: 091098610000 Competence: Fully authorized Function: Manager

Starting date: 2001-01-01

 

 

Employees

 

Year

2015

2014

2013

2012

2011

Total

6

5

4

6

6

 

 

Payments   

 

Score

3,8

Description

Geen klachten

 

Key figures

 

 

 

 

 

Year

2014

2013

2012

2011

2010

Quick ratio

0,33

0,43

0,64

0,89

0,84

Current ratio

1,83

2,17

2,05

2,62

2,33

Working capital/ balance total

0,43

0,52

0,49

0,59

0,53

Equity / balance total

0,27

0,20

0,11

0,10

0,03

Equity / Fixed assets

6,60

5,00

3,25

2,16

0,50

Equity / liabilities

0,37

0,25

0,13

0,11

0,03

Balance total / liabilities

1,37

1,25

1,13

1,11

1,03

Working capital

521.470

486.391

438.521

478.171

423.939

Equity

320.960

187.365

102.074

77.437

25.566

Mutation equity

71,30

83,56

31,82

202,89

-92,83

Mutation short term liabilities

51,78

-0,87

41,94

-7,59

-53,71

 

Summary                      The 2014 financial result structure is a postive working captial of 521.470 euro, which is in agreement with 43 % of the total assets of the company.

 

The working capital has increase with 7.21 % 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 1.83. 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 0.33. 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 486.391 euro, which is in agreement with 52 % of the total assets of the company.

 

The working capital has increased with 10.92 % 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 2.17. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.

 

The quick ratio in 2013 of the company was 0.43. A company with a Quick Ratio of less than 1 cannot 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

         Drotech B.V.

Horsterweg 46 5975NB Sevenum Netherlands

Registration number: 090702380000

 

Balance

 

Year

2014

2013

2012

2011

2010

End date

2014-12-31

2013-12-31

2012-12-31

2011-12-31

2010-12-31

Tangible fixed assets

48.656

37.474

31.386

35.933

51.627

Fixed assets

48.656

37.474

31.386

35.933

51.627

Total stock

944.709

724.646

589.225

509.545

474.661

Total receivables

196.350

169.224

261.730

249.123

266.074

Liquid funds

10.196

7.445

6.143

14.391

2.328

Current assets

1.151.255

901.315

857.098

773.059

743.063

Total assets

1.199.911

938.789

888.484

808.992

794.690

Issued capital

18.151

18.151

18.151

18.151

18.151

Other reserves

302.809

169.214

83.923

59.286

7.415

Total reserves

302.809

169.214

83.923

59.286

7.415

Total equity

320.960

187.365

102.074

77.437

25.566

Long term interest yielding debt

249.166

336.500

367.833

436.667

450.000

Long term liabilities

249.166

336.500

367.833

436.667

450.000

Short term liabilities

629.785

414.924

418.577

294.888

319.124

Total short and long term liabilities

878.951

751.424

786.410

731.555

769.124

Total liabilities

1.199.911

938.789

888.484

808.992

794.690

 

Summary                      The total assets of the company increased with 27.81 % between 2013 and 2014.

 

The total asset increase is retrievable in the fixed asset growth of 29.84 %. The asset growth has mainly been financed by a Net Worth increase of 71.3 %. Debt, however, grew with 16.97 %.

 

In 2014 the assets of the company were 4.05 % composed of fixed assets and 95.95 % by current assets. The assets are being financed by an equity of 26.75 %, and total debt of 73.25 %.

 

The total assets of the company increased with 5.66 % between 2012 and 2013. The total asset increase is retrievable in the fixed asset growth of 19.4 %. The assets growth has been financed by a Net Worth increase of 83.56 %. The company's net increase has also covered a reduction of -4.45 % of the company's indebtedness. In 2013 the assets of the company were 3.99 % composed of fixed assets and 96.01 % by current assets. The assets are being financed by an equity of 19.96 %, and total debt of 80.04 %.

 

 

 

 

Analysis

 

Branch (SBI)

Sale and repair of motor vehicles, motorcycles and trailers (45)

Region

Limburg

 

In the Netherlands 34564 of the companies are registered with the SBI code 45 In the region Limburg 2315 of the companies are registered with the SBI code 45 In the Netherlands 610 of the bankrupcties are published within this sector In the region Limburg 35 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              16-04-2015: De jaarrekening over 2014 is gepubliceerd.

25-03-2014: De jaarrekening over 2013 is gepubliceerd. 28-03-2013: De jaarrekening over 2012 is gepubliceerd. 29-02-2012: De jaarrekening over 2011 is gepubliceerd. 23-01-2012: De jaarrekening over 2010 is gepubliceerd.

 

 

Company structure

 

Relations          2

 

  • 'H. Sturme Beheer B.V.'

Horsterweg 46

5975NB SEVENUM Netherlands

Registration number: 091098610000

 

  • Drotech B.V.

Horsterweg 46

5975NB Sevenum Netherlands

Registration number: 090702380000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.89

UK Pound

1

Rs.99.10

Euro

1

Rs.70.12

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

 

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%)

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