MIRA INFORM REPORT

 

 

Report No. :

313010

Report Date :

14.03.2015

 

IDENTIFICATION DETAILS

 

Name :

VEMA CRANE B.V.

 

 

Registered Office :

Brieltjenspolder 32 4921PJ Made

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.03.1978

 

 

Com. Reg. No.:

KvK-nummer: 18059160

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Wholesale of internal transport equipment

 

 

No. of Employee :

3

 

 

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

 

 

Company name and address

 

Company name                         Vema Crane B.V.

Operative address                     Brieltjenspolder 32

4921PJ Made

Netherlands

 

Legal form                                Besloten Vennootschap

Registration number                  KvK-nummer: 18059160

VAT-number                              809067833

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

1.158.896

-18,73

1.425.919

119,69

649.063

Total receivables

964.826

-9,67

1.068.121

-41,95

1.839.979

Total equity

436.507

-24,38

577.246

2,10

565.393

Short term liabilities

2.082.004

-14,40

2.432.271

-3,56

2.522.171

Working capital

-672.863

15,53

-796.564

-3.668,75

-21.136

Quick ratio

0,47

6,82

0,44

-40,54

0,74

 

 

 

 

Contact information

 

Company name                         Vema Crane B.V.

Trade names                             Vema Crane B.V.

 

Operative address                     Brieltjenspolder 32

4921PJ Made

Netherlands

 

Correspondence address           Brieltjenspolder 32

4921PJ Made

Netherlands

 

Telephone number                     0162 681050

Fax number                               0162 686262

Email address                           office@vemacrane.com

Website                                    www.vemacrane.com

 

 

Registration

 

Registration number                              KvK-nummer: 18059160

Branch number                          000016610016

VAT-number                                          809067833

 

Status                                                   Active

First registration company register         2000-04-13

Memorandum                                        2000-04-11

Establishment date                                1978-03-01

 

Legal form                                            Besloten Vennootschap

 

Issued placed capital                             EUR 18.151

Paid up share capital                             EUR 18.151

 

 

Activities

 

SBI                                           Wholesale of internal transport equipment (46691)

Exporter                                   No

Importer                                    No

Goal                                         Handel in machines en kranen, alsmede de verhuur en reparaties ervan

 

 

Relations

 

Shareholders                             Vastgoed Van Oorschot Drimmelen B.V.

Brieltjenspolder 32

4921PJ MADE

Netherlands

Registration number: 180591590000

Percentage: 100%

 

 

Companies on same address               Beheermaatschappij H. van Oorschot Made B.V.

Registration number: 181104130000

Certificering Enginering Drimmelen B.V.

Registration number: 180591620000

Crane Hire Drimmelen B.V.

Registration number: 200785470000

Van Oorschot Heavy Lift B.V.

Registration number: 200785460000

Holding H. van Oorschot Drimmelen B.V.

Registration number: 181175270000

Van Oorschot Made Pensioen B.V.

Registration number: 181321040000

Vastgoed Van Oorschot Drimmelen B.V.

Registration number: 180591590000

 

 

Management

 

Active management                               Vastgoed Van Oorschot Drimmelen B.V.

Brieltjenspolder 32

4921PJ MADE

Netherlands

Registration number: 180591590000

Competence: Fully authorized

Function: Manager

Starting date: 2000-04-11

 

Employees

 

Total according to the Chamber of Commerce

3

 

 

 

 

 

Year

2014

2012

2011

2010

2009

Total

3

3

3

1

3

 

 

Payments

 

Description

Payments made under regular condition

 

 

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

0,47

0,44

0,74

0,48

0,59

Current ratio

0,68

0,67

0,99

1,02

0,89

Working capital/ balance total

-0,26

-0,26

-0,01

0,01

-0,10

Equity / balance total

0,17

0,19

0,18

0,16

0,09

Equity / Fixed assets

0,38

0,40

0,87

0,68

0,35

Equity / liabilities

0,20

0,23

0,22

0,19

0,10

Balance total / liabilities

1,20

1,23

1,22

1,19

1,10

Working capital

-672.863

-796.564

-21.136

40.663

-404.171

Equity

436.507

577.246

565.393

524.479

378.888

Mutation equity

-24,38

2,10

7,80

38,43

-36,96

Mutation short term liabilities

-14,40

-3,56

3,68

-31,47

-0,83

 

Summary          The 2013 financial result structure is a negative working captial of -672.863 euro, which is in

agreement with -26 % of the total assets of the company.

The working capital has increased with 15.53 % compared to previous year. The ratio with

respect to the total assets of the company remains unchanged.

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 0.68. 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 0.47. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

The 2012 financial result structure is a negative working captial of -796.564 euro, which is in

agreement with -26 % of the total assets of the company.

The working capital has diminished with -3668.75 % 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 0.67. 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 0.44. 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                                     Vema Crane B.V.

Brieltjenspolder 32

4921PJ Made

Netherlands

Registration number: 180591600000

 

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

1.158.896

1.425.919

649.063

767.897

1.090.583

Fixed assets

1.158.896

1.425.919

649.063

767.897

1.090.583

Total stock

431.456

554.068

645.373

1.293.690

1.062.375

Total receivables

964.826

1.068.121

1.839.979

1.156.401

2.043.150

Liquid funds

12.859

13.518

15.683

23.311

40.318

Current assets

1.409.141

1.635.707

2.501.035

2.473.402

3.145.843

Total assets

2.568.037

3.061.626

3.150.098

3.241.299

4.236.426

Issued capital

18.151

18.151

18.151

18.151

18.151

Other reserves

418.356

559.095

547.242

506.328

360.737

Total reserves

418.356

559.095

547.242

506.328

360.737

Total equity

436.507

577.246

565.393

524.479

378.888

Provisions

49.526

52.109

62.534

69.941

59.820

Long term interest yielding debt

 

 

 

214.140

247.704

Long term liabilities

 

 

 

214.140

247.704

Short term liabilities

2.082.004

2.432.271

2.522.171

2.432.739

3.550.014

Total short and long term liabilities

2.131.530

2.484.380

2.584.705

2.716.820

3.857.538

Total liabilities

2.568.037

3.061.626

3.150.098

3.241.299

4.236.426

 

 

Summary         The total assets of the company decreased with -16.12 % between 2012 and 2013.

This downturn is mainly retrievable in the fixed asset decrease of -18.73 %.

Assets reduction is explained by a Net Worth decrease of -24.38 %, and an indebtedness

reduction of -14.2 %.

In 2013 the assets of the company were 45.13 % composed of fixed assets and 54.87 % by

current assets. The assets are being financed by an equity of 17 %, and total debt of 83 %.

The total assets of the company decreased with -2.81 % between 2011 and 2012.

Despite the total assets decrease, non current assets grew with 119.69 %.

The asset reduction is in contrast with the equity growth of 2.1 %. Due to this the total debt

decreased with -3.88 %.

In 2012 the assets of the company were 46.57 % composed of fixed assets and 53.43 % by

current assets. The assets are being financed by an equity of 18.85 %, and total debt of

81.15 %.

 

 

 

 

Analysis

 

Branch (SBI)                  Wholesale trade (no motor vehicles and motorcycles) (46)

Region                          West-Brabant

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region West-Brabant 4857 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 West-Brabant 119 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 West-Brabant is normal

 

 

Publications

 

Filings                         22-01-2015: De jaarrekening over 2013 is gepubliceerd.

16-01-2014: De jaarrekening over 2012 is gepubliceerd.

10-07-2012: De jaarrekening over 2011 is gepubliceerd.

10-06-2011: De jaarrekening over 2010 is gepubliceerd.

29-06-2010: De jaarrekening over 2009 is gepubliceerd.

 

 

Company structure

 

Relations                      7

           

Holding R. van Oorschot Made B.V.

Voorstraat 20

4921SJ MADE

Netherlands

Registration number: 180591580000

• Vastgoed Van Oorschot Drimmelen B.V.

Brieltjenspolder 32

4921PJ MADE

Netherlands

Registration number: 180591590000

• Vema Crane B.V.

Brieltjenspolder 32

4921PJ Made

Netherlands

Registration number: 180591600000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.67

UK Pound

1

Rs.93.16

Euro

1

Rs.66.42

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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