MIRA INFORM REPORT
|
Report No. : |
310911 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYPROCA LYPACK B.V. |
|
|
|
|
Registered Office : |
Burgemeester Falkenaweg 58101, 8442LE Heerenveen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
28.05.1997 |
|
|
|
|
Com. Reg. No.: |
01078201 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of Dairy Products and Edible Oils and Fats. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
Netherlands is the
sixth-largest economy in the euro-zone and is noted for its stable industrial
relations, moderate unemployment and inflation, sizable trade surplus, and
important role as a European transportation hub. Industrial activity is
predominantly in 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 the food-processing industry and for
exports. 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
nationalized two banks and injected billions of dollars of capital into other
financial institutions, to prevent further deterioration of a crucial sector.
After 26 years of uninterrupted economic growth, the Dutch economy - highly
dependent on an international financial sector and international trade -
contracted by 3.5% in 2009. To recover, the government sought to boost the
domestic economy by accelerating infrastructure programs, offering corporate
tax breaks for employers to retain workers, and expanding export credit
facilities. 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, mainly reducting expenditures,
which resulted in an improved budget deficit in 2011. However, in 2012 tax
revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013,
the government budget deficit decreased to 3.3% of GDP due to increased
government revenue from higher taxes. However, spending on social benefits also
increased, due to a rise in unemployment benefits and payments for pensions.
The high unemployment rate and tax increases have contributed to continued
decreases in household disposable income, causing the Dutch economy to
contract.
|
Source
: CIA |
Summary
Company name Hyproca
Lypack B.V.
Operative address Burgemeester
Falkenaweg 58101
8442LE Heerenveen
Netherlands
Legal form Private Company
Registration number KvK-nummer:
01078201
VAT-number 805901565
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
854.628 |
-95,99 |
21.309.122 |
7,63 |
19.799.048 |
|
Total receivables |
22.623 |
-99,86 |
16.433.099 |
6,60 |
15.415.398 |
|
Total equity |
-176.802 |
-100,92 |
19.144.175 |
30,08 |
14.716.671 |
|
Short term liabilities |
23.818 |
-99,93 |
32.950.999 |
23,55 |
26.669.703 |
|
Net result |
|
-100,00 |
3.621.559 |
-40,74 |
6.111.107 |
|
Working capital |
8.787 |
-99,85 |
5.764.776 |
286,78 |
1.490.447 |
|
Quick ratio |
1,37 |
128,33 |
0,60 |
-1,64 |
0,61 |
Contact
Information
Company name Hyproca Lypack
B.V.
Trade names Hyproca Lypack
B.V.
Operative address Burgemeester
Falkenaweg 58101
8442LE Heerenveen
Netherlands
Correspondence address Postbus 562
8440AN Heerenveen
Netherlands
Telephone number 0881163620
Fax number 0881163699
Email address info@hyproca-lypack.nl
Registration
Registration number KvK-nummer:
01078201
Branch number 000017552990
VAT-number 805901565
Status Active
First registration company register 1997-06-20
Memorandum 1997-06-19
Establishment date 1997-05-28
Legal form Private Company
Last proposed admendment 2012-08-09
Issued placed capital EUR 30.404
Paid up share capital EUR 30.404
Activities
SBI Wholesale of dairy
products and edible oils and fats (46331)
Exporter No
Importer No
Goal In- en verkoop van
voedingsmiddelen, waaronder begrepen ijsmixen en melkpoeders, de verkoop van
meng- en verpakkingsmiddelen en in- en verkoop van voedingsmiddelen, waaronder
begrepen baby-/kindervoeding en voedingssupplementen.
Relations
Shareholders Hyproca
Dairy Foods B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 010784130000
Percentage: 100%
Companies on same address Hyproca
Lyempf B.V.
Registration
number: 558570940000
Liability Statements Ausnutria
Hyproca B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 160713980000
date of issue: 2014-01-30
Starting date: 2012-01-01
Management
Active management Ausnutria
Hyproca B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 160713980000
Competence: Fully authorized
Function: General Director
Starting date: 2014-04-02
J.F. Westhoff (Johannes Foeke)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-04-01
Date of birth: 1979-12-17, Noordoostpolder,
NL
Employees
Total according to the Chamber of Commerce 0
|
Year |
2015 |
|
Total |
0 |
Payments
Score 8
Key
Figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
1,37 |
0,60 |
0,61 |
0,53 |
0,50 |
|
Current ratio |
1,37 |
1,17 |
1,06 |
1,09 |
1,18 |
|
|
|||||
|
Working capital/ balance total |
0,01 |
0,10 |
0,03 |
0,05 |
0,09 |
|
Equity / balance total |
-0,20 |
0,32 |
0,31 |
0,31 |
0,33 |
|
Equity / Fixed assets |
-0,21 |
0,90 |
0,74 |
0,80 |
0,80 |
|
Equity / liabilities |
-0,17 |
0,47 |
0,45 |
0,46 |
0,49 |
|
Balance Total/ Liabilities |
0,873 |
1,49 |
1,46 |
1,46 |
1,49 |
|
Working Capital |
8.787 |
5.764.776 |
1.490.447 |
904.734 |
1.563.849 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Equity |
-176.802 |
19.144.175 |
14.716.671 |
5.818.851 |
5.616.431 |
|
Mutation equity |
-100,92 |
30,08 |
152,91 |
3,60 |
21,25 |
|
Mutation short term liabilities |
-99,93 |
23,55 |
156,96 |
22,24 |
6,77 |
|
Return on total assets (ROA) |
|
8,77 |
16,50 |
10,84 |
13,35 |
|
Return on equity (ROE) |
|
27,51 |
53,77 |
34,51 |
40,63 |
|
Gross profit margin |
|
5,45 |
9,56 |
|
|
|
Net profit margin |
|
3,42 |
6,97 |
|
|
|
Average collection ratio |
|
3,21 |
3,29 |
|
|
|
Average payment ratio |
|
6,44 |
5,69 |
|
|
|
Equity turnover ratio |
|
5,53 |
5,96 |
|
|
|
Total assets turnover ratio |
|
1,76 |
1,83 |
|
|
|
Fixed assets turnover ratio |
|
4,97 |
4,43 |
|
|
|
Inventory conversion ratio |
|
5,63 |
7,42 |
|
|
|
Turnover |
|
105.827.004 |
87.690.176 |
|
|
|
Gross margin |
|
|
|
11.060.058 |
12.111.413 |
|
Operating result |
|
5.766.538 |
8.384.377 |
2.226.868 |
2.556.665 |
|
Net result after taxes |
|
3.621.559 |
6.111.107 |
1.510.887 |
1.755.266 |
|
Cashflow |
|
|
|
2.252.585 |
2.553.835 |
|
Gross profit |
|
112.543.712 |
89.701.518 |
|
|
|
EBIT |
|
5.766.538 |
8.384.377 |
2.226.868 |
2.556.665 |
|
EBITDA |
|
|
|
2.968.566 |
3.355.234 |
Summary The 2013 financial
result structure is a postive working captial of 8.787 euro, which is in
agreement with 1 % of the total assets of the company.
The working capital has diminished with -99.85 % 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 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 1.37. A company with a Quick
Ratio of more than 1 can currently pay back its current liabilities.
The 2012 financial result structure is a postive working captial of
5.764.776 euro, which is in agreement with 10 % of the total assets of the
company.
The working capital has increased with 286.78 % compared to previous
year. The ratio, with respect to the total assets of the company has however,
increased.
The improvement between 2011 and 2012 has mainly been caused by an
increase of the current assets.
The current ratio of the company in 2012 was 1.17. 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 0.6. 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 financial
statements shown in the report relate to the consolidated financial statements
of the group.
Type of annual account Corporate
Annual account Ausnutria
Hyproca B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 160713980000
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible fixed assets |
40.669 |
1.079.250 |
810.487 |
17.333 |
|
|
Tangible fixed assets |
|
19.073.528 |
17.764.201 |
6.057.390 |
5.785.065 |
|
Financial fixed assets |
813.959 |
1.156.344 |
1.224.360 |
1.171.994 |
1.255.666 |
|
Fixed assets |
854.628 |
21.309.122 |
19.799.048 |
7.246.717 |
7.040.731 |
|
|
|||||
|
Total stock |
|
18.799.642 |
11.813.504 |
5.793.815 |
5.769.340 |
|
Accounts receivable |
|
6.848.911 |
11.941.119 |
|
|
|
Other receivables |
|
9.584.188 |
3.474.279 |
|
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Total receivables |
22.623 |
16.433.099 |
15.415.398 |
5.375.160 |
4.178.643 |
|
Liquid funds |
9.982 |
3.483.034 |
931.248 |
114.881 |
106.957 |
|
Current assets |
32.605 |
38.715.775 |
28.160.150 |
11.283.856 |
10.054.940 |
|
Total assets |
887.233 |
60.024.897 |
47.959.198 |
18.530.573 |
17.095.671 |
|
|
|||||
|
Issued capital |
10.000 |
|
|
|
|
|
Legal and statutory reserve |
358.259 |
|
|
|
|
|
Other reserves |
-545.061 |
|
|
|
|
|
Total reserves |
-186.802 |
|
|
|
|
|
Minority interests |
|
568.000 |
474.328 |
|
|
|
Total equity |
-176.802 |
19.144.175 |
14.716.671 |
5.818.851 |
5.616.431 |
|
|
|||||
|
Provisions |
155.336 |
2.574.069 |
871.113 |
479.538 |
498.380 |
|
Long term interest yielding debt |
884.881 |
4.787.654 |
5.227.383 |
1.853.062 |
2.239.769 |
|
Financial debts |
|
|
|
|
250.000 |
|
Long term liabilities |
884.881 |
4.787.654 |
5.227.383 |
1.853.062 |
2.489.769 |
|
Accounts payable |
|
|
8.315.329 |
|
|
|
Other short term liabilities |
|
|
18.354.374 |
|
|
|
Short term liabilities |
23.818 |
32.950.999 |
26.669.703 |
10.379.122 |
8.491.091 |
|
Total short and long term liabilities |
1.064.035 |
40.312.722 |
32.768.199 |
12.711.722 |
11.479.240 |
|
Total liabilities |
887.233 |
60.024.897 |
47.959.198 |
18.530.573 |
17.095.671 |
Summary The total assets of
the company decreased with -98.52 % between 2012 and 2013.
This total assets decrease has been
reflected in a reduction of non current assets of -95.99 %.
Assets reduction is explained by a Net Worth
decrease of -100.92 %, and an indebtedness reduction of -97.36 %.
In 2013 the assets of the company were 96.33
% composed of fixed assets and 3.67 % by current assets. The assets are being
financed by an equity of -19.93 %, and total debt of 119.93 %.
The total assets of the company increased
with 25.16 % between 2011 and 2012.
The fixed asset growth of 7.63 % is lower
than the total asset growth.
The asset growth has mainly been financed by
a Net Worth increase of 30.08 %. Debt, however, grew with 23.02 %.
In 2012 the assets of the company were 35.5
% composed of fixed assets and 64.5 % by current assets. The assets are being
financed by an equity of 31.89 %, and total debt of 68.11 %.
Profit
and loss
|
Year |
|
2012 |
2011 |
2010 |
2009 |
|
Revenues |
|
112.755.293 |
90.756.632 |
|
|
|
Other operating income |
|
211.581 |
1.055.114 |
|
|
|
Net turnover |
|
105.827.004 |
87.690.176 |
|
|
|
|
|||||
|
Gross margin |
|
11.060.058 |
12.111.413 |
||
|
|
|||||
|
Wages and salaries |
|
|
|
3.747.376 |
3.852.240 |
|
Amorization and depreciation |
|
|
|
741.698 |
798.569 |
|
other operating costs |
|
|
|
4.344.116 |
4.903.939 |
|
Operating expenses |
|
106.988.755 |
82.372.255 |
8.833.190 |
9.554.748 |
|
Result in subsidiaries |
|
|
-1.799 |
|
|
|
Operating result |
|
5.766.538 |
8.384.377 |
2.226.868 |
2.556.665 |
|
|
|||||
|
Financial expenses |
|
|
469.171 |
218.588 |
274.830 |
|
Financial result |
|
-500.522 |
-469.171 |
-218.588 |
-274.830 |
|
Result on ordinary operations
before taxes |
|
5.266.016 |
7.913.407 |
2.008.280 |
2.281.835 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
|
1.320.399 |
1.512.124 |
497.393 |
526.569 |
|
Result of ordinary activities after
taxes |
|
3.945.617 |
6.401.283 |
1.510.887 |
1.755.266 |
|
|
|||||
|
Net result |
|
3.621.559 |
6.111.107 |
1.510.887 |
1.755.266 |
|
|
|||||
|
Attributable to third parties |
|
324.058 |
290.176 |
|
|
Summary
The
turnover of the company grew with 20.68 % between 2011 and 2012.
The operating result of the company declined with -31.22 %
between 2011 and 2012. 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 -46.85 % of the analysed period, being
equal to 2011 % in the year 2012.
This fall has contributed to a asset turnover decrease,
whose index evolved from -3.83 to a level of 1.76.
The Net Result of the company increased by -40.74 %
between 2011 and 2012.
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 -48.84 % of the
analysed period, being 27.51 % in the year 2012.
The company's financial
profitability has been positively affected by its financial structure.
Analysis
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Friesland
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Friesland 3361 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 Friesland 74 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 Friesland is normal
Publications
Consent statements 03-02-2015: Voor
boekjaar 2013 is een instemmingsverklaring gedeponeerd.
31-01-2014: Voor
boekjaar 2012 is een instemmingsverklaring gedeponeerd.
Liability
statements 31-01-2014: Per
30-01-2014 is een aansprakelijkheidsverklaring door Ausnutria Hyproca B.V.
gedeponeerd.
Filings 15-06-2012: De jaarrekening over 2011 is
gepubliceerd.
15-06-2012: De jaarrekening over 2011 is
gepubliceerd.
09-02-2012: De jaarrekening over 2010 is
gepubliceerd.
16-02-2011: De jaarrekening over 2009 is
gepubliceerd.
Functions 11-02-2015: Per
01-01-2015 is gevolmachtigde Robin-Jan Rudolf Franz Joseph de Nerée tot
Babberich uit functie getreden.
10-04-2014: Per 02-04-2014 is bestuurder
16071398 Ausnutria Hyproca B.V. in functie getreden.
10-04-2014: Per 03-04-2014 is bestuurder
01078413 Hyproca Dairy Foods B.V. uit functie getreden.
17-01-2013: Per 01-01-2013 is gevolmachtigde
Tjitze Postma uit functie getreden.
Amendments 10-08-2012:
Geplaatst kapitaal gewijzigd in EUR 30.404,00 Gestort kapitaal gewijzigd in EUR 30.404,00.
10-08-2012: Per 9-8-2012 statuten gewijzigd.
Per 9-8-2012 naam gewijzigd in: Hyproca Lypack B.V.. Zetel gewijzigd in:
Kampen.
Company
Structure
Relations 12
Ausnutria Hyproca B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 160713980000
• Hyproca Dairy Foods B.V.
Burgemeester Falkenaweg 58101
8442LE HEERENVEEN
Netherlands
Registration number: 010784130000
• Hyproca Lypack B.V.
Burgemeester Falkenaweg 58101
8442LE Heerenveen
Netherlands
Registration number: 010782010000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.