MIRA INFORM REPORT
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Report No. : |
326741 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
WINK ACCESSORIES B.V. |
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Registered Office : |
Jan Hilgersweg 7 5657ES Eindhoven |
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Country : |
Netherlands |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
20.12.2001 |
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Com. Reg. No.: |
KvK-nummer: 17140950 |
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Legal Form : |
Private Company |
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Line of Business : |
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No. of Employee : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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
Netherlands, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. 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 export. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also 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 began implementing austerity measures in early 2011 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.
|
Source
: CIA |
Summary
Company name Wink Accessories B.V.
Operative address Jan Hilgersweg
7
5657ES Eindhoven
Netherlands
Legal form Private
Company
Registration number KvK-nummer:
17140950
VAT-number 810389587
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
|
-100,00 |
36.000 |
56,52 |
23.000 |
|
Total receivables |
1.681.000 |
17,55 |
1.430.000 |
-9,38 |
1.578.000 |
|
Total equity |
1.818.000 |
26,07 |
1.442.000 |
-61,07 |
3.704.000 |
|
Short term liabilities |
1.995.000 |
-33,81 |
3.014.000 |
9,36 |
2.756.000 |
|
Net result |
614.000 |
157,98 |
238.000 |
-55,35 |
533.000 |
|
Working capital |
1.934.000 |
37,55 |
1.406.000 |
-61,80 |
3.681.000 |
|
Quick ratio |
0,92 |
6,98 |
0,86 |
-50,00 |
1,72 |
Contact
information
|
Company name |
Wink Accessories B.V. |
|
Trade names |
Wink Accessories B.V. |
|
|
Blue Tribe WBL Trading Return |
|
Operative address |
Jan Hilgersweg 7 |
|
|
5657ES Eindhoven |
|
|
Netherlands |
|
Correspondence address |
Jan Hilgersweg 7 |
|
|
5657ES Eindhoven |
|
|
Netherlands |
|
Telephone number |
0402353400 |
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Fax number |
0402350660 |
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Email address |
Registration
|
|
|
|
Registration number |
KvK-nummer: 17140950 |
|
Branch number |
000018455492 |
|
VAT-number |
810389587 |
|
Status |
Active |
|
|
|
|
First registration company register |
2002-01-15 |
|
Memorandum |
2001-12-24 |
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Establishment date |
2001-12-20 |
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|
|
Legal form |
Private Company |
|
Legal person since |
2001-12-24 |
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Last proposed admendment |
2014-06-11 |
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|
|
|
Issued placed capital |
EUR 18.000 |
|
Paid up share capital |
EUR 18.000 |
Activities
|
SBI |
Wholesale of outerwear (46421) |
|
|
Wholesale of clothing accessories (46425) |
|
|
Shops selling outerwear and clothing accessories
(non-specialised) (47713) |
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Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
De im- en export en (groot)handel in textiele
goederen, kleding, accessoires en aanverwante artikelen alsmede holdingactiviteiten. |
Relations
Shareholders HVEG
Investments B.V.
Databankweg 20-22
3821AL AMERSFOORT
Netherlands
Registration number: 272915620000
Percentage: 100%
Companies on same address Belt
Fashion Eindhoven B.V.
Registration number:
170865040000
Belt Fashion Industries
B.V.
Registration number:
170865050000
Mibra Office B.V.
Registration number:
554938580000
Staalinterieur B.V.
Registration number:
554936100000
Liability statements HVEG
Investments B.V.
Databankweg 20-22
3821AL AMERSFOORT
Netherlands
Registration number:
272915620000
date of issue: 2013-02-05
Starting date: 2013-01-31
End date: 2013-06-25
Management
Active management HVEG
Investments B.V.
Databankweg 20-22
3821AL AMERSFOORT
Netherlands
Registration number:
272915620000
Competence: Fully
authorized
Function: Manager
Starting date: 2007-12-13
P.L.E.P. Absil (Pascal Léon
Eugène Paul)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2012-08-13
Date of birth: 1969-01-09,
Weert, NL
Involved with the following
companies
• Belt Fashion Eindhoven
B.V.
Jan Hilgersweg 7
5657ES EINDHOVEN
Netherlands
Registration number:
170865040000
Function: Proxy
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
32 |
33 |
31 |
30 |
22 |
Payments
Description Geen klachten
Key
figures
|
Year |
2014 |
2013 |
2012 |
|
Quick ratio |
0,92 |
0,86 |
1,72 |
|
Current ratio |
1,97 |
1,47 |
2,34 |
|
Working capital/ balance total |
0,49 |
0,32 |
0,57 |
|
Equity / balance total |
0,46 |
0,32 |
0,57 |
|
Equity / Fixed assets |
|
40,06 |
161,04 |
|
Equity / liabilities |
0,86 |
0,48 |
1,34 |
|
Balance total / liabilities |
1,86 |
1,48 |
2,34 |
|
Working capital |
1.934.000 |
1.406.000 |
3.681.000 |
|
Equity |
1.818.000 |
1.442.000 |
3.704.000 |
|
Mutation equity |
26,07 |
-61,07 |
|
|
Mutation short term liabilities |
-33,81 |
9,36 |
|
|
Return on total assets (ROA) |
20,87 |
7,16 |
11,02 |
|
Return on equity (ROE) |
45,10 |
22,12 |
19,22 |
|
Gross margin |
3.136.000 |
2.591.000 |
2.824.000 |
|
Operating result |
959.000 |
427.000 |
723.000 |
|
Net result after taxes |
614.000 |
238.000 |
533.000 |
|
Cashflow |
643.000 |
272.000 |
573.000 |
|
EBIT |
959.000 |
427.000 |
723.000 |
|
EBITDA |
988.000 |
461.000 |
763.000 |
Summary The 2014
financial result structure is a postive working captial of 1.934.000 euro,
which is in
agreement with
49 % of the total assets of the company.
The working capital
has increased with 37.55 % compared to previous year. The ratio, with
respect to the
total assets of the company has however, increased.
The improvement
between 2013 and 2014 has mainly been caused by an increase of the
current assets.
The current ratio of the
company in 2014 was 1.97. 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 0.92. 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 1.406.000 euro,
which is in
agreement with
32 % of the total assets of the company.
The working
capital has diminished with -61.8 % compared to previous year. The ratio, with
respect to the
total assets of the company has however, declined.
The
deterioration between 2012 and 2013 has mainly been caused by an increase of
the
current
liabilities.
The current ratio
of the company in 2013 was 1.47. 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 0.86. 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 Wink
Accessories B.V.
Jan Hilgersweg 7
5657ES Eindhoven
Netherlands
Registration number: 171409500000
Balance
|
Year |
2014 |
2013 |
2012 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Tangible fixed assets |
|
36.000 |
23.000 |
|
Fixed assets |
|
36.000 |
23.000 |
|
Total stock |
2.086.000 |
1.816.000 |
1.705.000 |
|
Accounts receivable |
1.342.000 |
942.000 |
1.072.000 |
|
Other receivables |
339.000 |
488.000 |
506.000 |
|
Total receivables |
1.681.000 |
1.430.000 |
1.578.000 |
|
Liquid funds |
162.000 |
1.174.000 |
3.154.000 |
|
Current assets |
3.929.000 |
4.420.000 |
6.437.000 |
|
Total assets |
3.929.000 |
4.456.000 |
6.460.000 |
|
Issued capital |
18.000 |
18.000 |
|
|
Other reserves |
1.800.000 |
1.424.000 |
3.704.000 |
|
Total reserves |
1.800.000 |
1.424.000 |
3.704.000 |
|
Total equity |
1.818.000 |
1.442.000 |
3.704.000 |
|
Provisions |
116.000 |
|
|
|
Short term liabilities |
1.995.000 |
3.014.000 |
2.756.000 |
|
Total short and long term liabilities |
2.111.000 |
3.014.000 |
2.756.000 |
|
Total liabilities |
3.929.000 |
4.456.000 |
6.460.000 |
Summary The total assets of the company
decreased with -11.83 % between 2013 and 2014.
The
asset reduction is in contrast with the equity growth of 26.07 %. Due to this
the total debt
decreased
with -29.96 %.
The
total assets of the company decreased with -31.02 % between 2012 and 2013.
Despite
the total assets decrease, non current assets grew with 56.52 %.
The
asset reduction results in an equity decrease of -61.07 %. Despite the
decrease, the
indebtness
increased with 9.36 %.
In 2013
the assets of the company were 0.81 % composed of fixed assets and 99.19 % by
current
assets. The assets are being financed by an equity of 32.36 %, and total debt
of
67.64
%.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
|
Gross margin |
3.136.000 |
2.591.000 |
2.824.000 |
|
Wages and salaries |
1.466.000 |
1.408.000 |
1.380.000 |
|
Amorization and depreciation |
29.000 |
34.000 |
40.000 |
|
other operating costs |
682.000 |
722.000 |
681.000 |
|
Operating expenses |
2.177.000 |
2.164.000 |
2.101.000 |
|
Operating result |
959.000 |
427.000 |
723.000 |
|
Financial expenses |
139.000 |
108.000 |
11.000 |
|
Financial result |
-139.000 |
-108.000 |
-11.000 |
|
Result on ordinary operations before taxes |
820.000 |
319.000 |
712.000 |
|
Taxation on the result of ordinary activities |
206.000 |
81.000 |
179.000 |
|
Result of ordinary activities after taxes |
614.000 |
238.000 |
533.000 |
|
Net result |
614.000 |
238.000 |
533.000 |
Summary The gross
profit of the company grew with 21.03 % between 2013 and 2014.
The operating result of the
company grew with 124.59 % between 2013 and 2014. This
evolution implies an
increase of the company's economic profitability.
The result of these changes
is an increase of the company's Economic Profitability of 191.48
% of the analysed period,
being equal to 2013 % in the year 2014.
The Net Result of the
company decreased by 157.98 % 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 103.89 % of the analysed
period, being 45.1 % in the year 2014.
The company's financial
structure has slowed down its financial profitability.
The gross profit of the
company decreased by -8.25 % between 2012 and 2013.
The operating result of the
company declined with -40.94 % between 2012 and 2013. This
evolution implies an
decrease of the company's economic profitability.
The result of these changes
is a reduction of the company's Economic Profitability of -35.03
% of the analysed period,
being equal to 2012 % in the year 2013.
The Net Result of the
company increased by -55.35 % 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
15.09 % of the analysed
period, being 22.12 % in the year 2013.
The company's financial
structure has slowed down its financial profitability.
Wink Accessories
Analysis
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Zuid-Oost-Brabant
In the Netherlands 109662
of the companies are registered with the SBI code 46
In the region
Zuid-Oost-Brabant 5034 of the companies are registered with the SBI code 46
In the Netherlands 2387 of
the bankrupcties are published within this sector
In the region
Zuid-Oost-Brabant 97 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
Zuid-Oost-Brabant is normal
Publications
Liability statements 26-06-2013: Per 25-06-2013 is een aansprakelijkheidsverklaring door HVEG
Investments
B.V. ingetrokken.
07-02-2013: Per 05-02-2013 is een aansprakelijkheidsverklaring door HVEG
Investments
B.V. gedeponeerd.
17-07-2012: Per 16-07-2012 is een aansprakelijkheidsverklaring door HVEG
Investments
B.V. ingetrokken.
Filings 22-04-2015: De jaarrekening over 2014 is
gepubliceerd.
24-04-2014: De jaarrekening over 2013 is gepubliceerd.
23-05-2013: De jaarrekening over 2012 is gepubliceerd.
Functions 27-08-2012: Per 13-08-2012 is gevolmachtigde Pascal Léon Eugène Paul
Absil in functie
getreden.
Amendments 13-06-2014: Per 11-6-2014 statuten gewijzigd.
Company
structure
Relations 9
HVEG Investments B.V.
Databankweg 20-22
3821AL AMERSFOORT
Netherlands
Registration number: 272915620000
• Wink Accessories B.V.
Jan Hilgersweg 7
5657ES Eindhoven
Netherlands
Registration number: 171409500000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.