MIRA INFORM REPORT
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Report No. : |
326190 |
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Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZAKKENCENTRALE B.V. |
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|
|
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Registered Office : |
Cairostraat 50, 3047BC Rotterdam |
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Country : |
Netherlands |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1934 |
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Com. Reg. No.: |
24213372 |
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Legal Form : |
Private Company |
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Line of Business : |
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No. of Employees : |
26 (2015) |
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 |
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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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 Zakkencentrale B.V.
Operative address Cairostraat 50
3047BC Rotterdam
Netherlands
Legal form Private company
Registration number KvK-nummer: 24213372
VAT-number 001880482
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
118.502 |
-15,81 |
140.748 |
40,27 |
100.342 |
|
Total receivables |
1.599.504 |
-22,86 |
2.073.573 |
-22,92 |
2.690.052 |
|
Total equity |
1.093.866 |
-15,54 |
1.295.139 |
-12,98 |
1.488.346 |
|
Short term liabilities |
2.624.148 |
-33,12 |
3.923.378 |
-13,38 |
4.529.180 |
|
Net result |
798.728 |
-27,83 |
1.106.792 |
68,02 |
658.719 |
|
Working capital |
975.364 |
-15,51 |
1.154.391 |
-16,83 |
1.388.004 |
|
Quick ratio |
0,62 |
16,98 |
0,53 |
-10,17 |
0,59 |
Contact
information
Company name Zakkencentrale B.V.
Trade names Sackcentral
Zakkencentrale B.V.
Centrale Des Sacs
Operative address Cairostraat 50
3047BC Rotterdam
Netherlands
Correspondence address Cairostraat 50
3047BC Rotterdam
Netherlands
Telephone number 0104370055
Fax number 0104624630
Email address info@zakkencentrale.nl
Website www.zakkencentrale.nl
Registration
Registration number KvK-nummer: 24213372
Branch number 000015890740
VAT-number 001880482
Status Active
First registration company
register 1962-12-08
Memorandum 1961-12-15
Establishment date 1934-01-01
Legal form Private company
Legal person since 1972-12-20
Last proposed admendment 1995-11-15
Issued placed capital EUR 49.008
Paid up share capital EUR 49.008
Activities
SBI Textile weaving (1320)
Wholesale of packaging
materials (46696)
Exporter Yes
Importer Yes
Branche organisations EUROJUTE - Association for
Textile Packaging Materials and Other Industrial Textiles
(Nederlandse leden)
Goal Het fabriceren van- en het
drijven van handel in machines, werktuigen, gereedschappen en
apparaten, producten van jutte, katoen, papier,
textiel, kunststof (of enige andere grondstof);
en het verkrijgen, exploiteren en verhandelen
van binnen- en buitenlandse octrooien en
vindingen (en het
verlenen van bemiddeling daarbij)
Relations
Shareholders Ihor Internationaal B.V.
Cairostraat 50
3047BC ROTTERDAM
Netherlands
Registration number: 242301310000
Percentage: 100%
Branches Zakkencentrale B.V.
Kommiezenlaan 2
3125AN SCHIEDAM
Netherlands
Registration number: 242133720001
Companies on
same address B.V. Industriële
Handelsonderneming Rotterdam (Ihor)
Registration number: 242137470000
Exim Handelsonderneming Rotterdam B.V.
Registration number: 242211330000
Gebr. J. en W.F. Goode B.V.
Registration number: 242054280000
Ihor Internationaal B.V.
Registration number: 242301310000
Paktra BV
Registration number: 271506740000
Quick Pak BV
Registration number: 242216230000
Stichting Administratie Ihor
Registration number: 411364150000
Companies on same address
Zakkencentrale Nederland B.V.
Registration number: 242216230002
Management
Active
management H.W.T.G.
Peters (Harmen Willem Theodoor Gertrud)
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date: 1997-09-01
Date of birth: 1964-01-13,
Nijmegen, NL
D.I. Buise (Denise
Ingeborg)
Netherlands
Competence: Limited
authorization
Function: Manager
Starting date: 1997-10-01
Date of birth: 1966-04-04,
's-Gravenhage, NL
F.D. van Wijngaarden
(Franciscus David)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2004-01-30
Date of birth: 1948-08-17,
Rotterdam, NL
M.J. van Aalst (Marinus
Jan)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2008-02-18
Date of birth: 1962-05-04, Ridderkerk, NL
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
26 |
26 |
18 |
26 |
26 |
Payments
Description Payments are made regularly no complaints are known
Key
figures
|
Year |
|
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
|
0,62 |
0,53 |
0,59 |
0,54 |
0,53 |
|
Current ratio |
|
1,37 |
1,29 |
1,31 |
1,30 |
1,19 |
|
|
||||||
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Working capital/ balance total |
|
0,26 |
0,22 |
0,23 |
0,22 |
0,16 |
|
Equity / balance total |
|
0,29 |
0,25 |
0,25 |
0,25 |
0,19 |
|
Equity / Fixed assets |
|
9,23 |
9,20 |
14,83 |
9,22 |
5,37 |
|
Equity / liabilities |
|
0,42 |
0,33 |
0,33 |
0,34 |
0,24 |
|
Balance total / liabilities |
|
1,42 |
1,33 |
1,33 |
1,34 |
1,24 |
|
|
||||||
|
Working capital |
|
975.364 |
1.154.391 |
1.388.004 |
1.230.009 |
681.743 |
|
Equity |
|
1.093.866 |
1.295.139 |
1.488.346 |
1.379.627 |
837.794 |
|
Mutation equity |
|
-15,54 |
-12,98 |
7,88 |
64,67 |
-21,70 |
|
Mutation short term liabilities |
|
-33,12 |
-13,38 |
10,42 |
15,24 |
11,08 |
|
|
||||||
|
Return on total assets (ROA) |
|
28,64 |
28,28 |
14,64 |
|
|
|
Return on equity (ROE) |
|
97,36 |
113,95 |
59,19 |
|
|
|
Gross margin |
|
2.347.283 |
2.930.783 |
2.482.682 |
|
|
|
Operating result |
|
754.312 |
1.276.011 |
789.207 |
|
|
|
Net result after taxes |
|
798.728 |
1.106.792 |
658.719 |
|
|
|
|
||||||
|
Cashflow |
|
827.820 |
1.146.111 |
743.338 |
|
|
|
EBIT |
|
754.312 |
1.276.011 |
789.207 |
|
|
|
EBITDA |
|
783.404 |
1.315.330 |
873.826 |
|
|
Summary
The 2013 financial result structure is a postive working captial of 975.364 euro, which is in agreement with 26 % of the total assets of the company.
The working capital has diminished with -15.51 % 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 1.37. 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 0.62. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a postive working captial of 1.154.391 euro, which is in agreement with 22 % of the total assets of the company.
The working capital has diminished with -16.83 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2011 and 2012 has mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2012 was 1.29. 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 0.53. A company with a Quick Ratio of less than 1 cannot 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 Zakkencentrale
B.V.
Cairostraat
50
3047BC
Rotterdam
Netherlands
Registration number: 242133720000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Tangible
fixed assets |
118.502 |
134.313 |
93.907 |
139.885 |
146.318 |
|
Financial
fixed assets |
|
6.435 |
6.435 |
9.733 |
9.733 |
|
Fixed
assets |
118.502 |
140.748 |
100.342 |
149.618 |
156.051 |
|
Total
stock |
1.985.127 |
2.991.710 |
3.225.160 |
3.133.534 |
2.348.449 |
|
Total
receivables |
1.599.504 |
2.073.573 |
2.690.052 |
2.180.629 |
1.831.302 |
|
Liquid funds |
14.881 |
12.486 |
1.972 |
17.441 |
61.017 |
|
Current
assets |
3.599.512 |
5.077.769 |
5.917.184 |
5.331.604 |
4.240.768 |
|
Total
assets |
3.718.014 |
5.218.517 |
6.017.526 |
5.481.222 |
4.396.819 |
|
|
|||||
|
Issued
capital |
49.009 |
49.009 |
49.009 |
49.009 |
49.009 |
|
Other reserves |
1.044.857 |
1.246.130 |
1.439.337 |
1.330.618 |
788.785 |
|
Total
reserves |
1.044.857 |
1.246.130 |
1.439.337 |
1.330.618 |
788.785 |
|
Total
equity |
1.093.866 |
1.295.139 |
1.488.346 |
1.379.627 |
837.794 |
|
|
|||||
|
Short
term liabilities |
2.624.148 |
3.923.378 |
4.529.180 |
4.101.595 |
3.559.025 |
|
Total
short and long term liabilities |
2.624.148 |
3.923.378 |
4.529.180 |
4.101.595 |
3.559.025 |
|
Total
liabilities |
3.718.014 |
5.218.517 |
6.017.526 |
5.481.222
|
4.396.819 |
Summary
The total assets of the company decreased with -28.75 % between 2012 and 2013.
This total assets decrease has been reflected in a reduction of non current assets of -15.81%.
Assets reduction is explained by a Net Worth decrease of -15.54 %, and an indebtednessreduction of -33.12 %.
In 2013 the assets of the company were 3.19 % composed of fixed assets and 96.81 % bycurrent assets. The assets are being financed by an equity of 29.42 %, and total debt of
70.58 %.
The total assets of the company decreased with -13.28 % between 2011 and 2012.
Despite the total assets decrease, non current assets grew with 40.27 %.
Assets reduction is explained by a Net Worth decrease of -12.98 %, and an indebtednessreduction of -13.38 %.
In 2012 the assets of the company were 2.7 % composed of fixed assets and 97.3 % bycurrent assets. The assets are being financed by an equity of 24.82 %, and total debt of75.18 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
|
|
Gross
margin |
2.347.283 |
2.930.783 |
2.482.682 |
|
|
|
||||
|
Wages and salaries |
1.012.071 |
1.004.398 |
1.007.907 |
|
|
Amorization and depreciation |
29.092 |
39.319 |
84.619 |
|
|
other operating costs |
551.808 |
611.055 |
600.949 |
|
|
Operating expenses |
1.592.971 |
1.654.772 |
1.693.475 |
|
|
Operating
result |
754.312 |
1.276.011 |
789.207 |
|
|
|
||||
|
Financial income |
352.018 |
395.795 |
426.764 |
|
|
Financial expenses |
41.359 |
196.014 |
334.954 |
|
|
Financial result |
310.659 |
199.781 |
91.810 |
|
|
Result
on ordinary operations before taxes |
1.064.971 |
1.475.792 |
881.017 |
|
|
|
||||
|
Taxation on the result of ordinary activities |
266.000 |
369.000 |
219.000 |
|
|
Result
of ordinary activities after taxes |
798.971 |
1.106.792 |
662.017 |
|
|
|
||||
|
Extraordinary expense |
|
|
3.298 |
|
|
Extraordinary result after taxation |
|
|
-3.298 |
|
|
Result subsidiaries after taxes |
-243 |
|
|
|
|
Net
result |
798.728 |
1.106.792 |
658.719 |
|
Summary
The gross profit of the company decreased by -19.91 % between 2012 and 2013.
The operating result of the company declined with -40.89 % between 2012 and 2013. Thisevolution implies an decrease of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 1.27 %
of the analysed period, being equal to 2012 % in the year 2013.
The Net Result of the company increased by -27.83 % between 2012 and 2013.
The company's Financial Profitability has been negatively affected by the financial activities incomparison to the EBITs behaviour. The result of these variations is a profitability reductionof -14.56 % of the analysed period, being 97.36 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The gross profit of the company grew with 18.05 % between 2011 and 2012.
The operating result of the company grew with 61.68 % between 2011 and 2012. Thisevolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 93.17
% of the analysed period, being equal to 2011 % in the year 2012.
The Net Result of the company decreased by 68.02 % between 2011 and 2012.
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 reductionof 92.52 % of the analysed period, being 113.95 % in the year 2012.The company's financial structure has slowed down its financial profitability.
Analysis
Branch (SBI) Wholesale trade (no motor
vehicles and motorcycles) (46)
Region Groot Rotterdam
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Groot Rotterdam 8969 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 Groot Rotterdam 231 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 10-11-2014: De jaarrekening
over 2013 is gepubliceerd.
02-07-2013: De jaarrekening
over 2012 is gepubliceerd.
27-09-2012: De jaarrekening over 2011 is
gepubliceerd.
17-06-2011: De jaarrekening
over 2010 is gepubliceerd.
29-07-2010: De jaarrekening
over 2009 is gepubliceerd.
Company
structure
Relations 7
Paktra Holding
B.V.
Prins
Frederiklaan 8
2243HW
WASSENAAR
Netherlands
Registration
number: 271506750000
• B.V. Industriële Handelsonderneming Rotterdam (Ihor)
Cairostraat 50
3047BC ROTTERDAM
Netherlands
Registration number: 242137470000
• Ihor Internationaal B.V.
Cairostraat 50
3047BC ROTTERDAM
Netherlands
Registration number: 242301310000
• Zakkencentrale B.V.
Cairostraat 50
3047BC Rotterdam
Netherlands
Registration number: 242133720000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.