MIRA INFORM REPORT
|
Report No. : |
321041 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BAS TRUCKS B.V. |
|
|
|
|
Registered Office : |
Mac. Arthurweg 2 5466AP Veghel |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
24.03.1998 |
|
|
|
|
Com. Reg. No.: |
17103220 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Sale and repair of trailers and semi-trailers (no caravans) |
|
|
|
|
No. of Employees : |
13 (2013) |
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 – 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, 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 |
Company
name and address
Summary
Company name BAS Trucks B.V.
Operative address Mac. Arthurweg 2
5466AP Veghel
Netherlands
Legal form Private Company
Registration number KvK-nummer: 17103220
VAT-number 806859945
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
1.086.664 |
-3,21 |
1.122.700 |
28,34 |
874.785 |
|
Total receivables |
2.497.119 |
1.098,13 |
208.418 |
-87,88 |
1.719.761 |
|
Total equity |
17.110.491 |
12,65 |
15.188.695 |
24,95 |
12.155.391 |
|
Short term liabilities |
20.043.642 |
2,88 |
19.482.189 |
20,03 |
16.231.237 |
|
Net result |
8.621.796 |
6,01 |
8.133.304 |
12,26 |
7.245.084 |
|
Working capital |
16.101.432 |
12,34 |
14.332.463 |
26,49 |
11.331.002 |
|
Quick ratio |
0,17 |
466,67 |
0,03 |
-75,00 |
0,12 |
Contact
information
Company name BAS
Trucks B.V.
Trade names BAS
Trucks B.V.
Operative address Mac.
Arthurweg 2
5466AP Veghel
Netherlands
Correspondence address Postbus
85
5460AB Veghel
Netherlands
Telephone number 0413
371100
Fax number 0413
371105
Email address info@bastrucks.com
Website www.bastrucks.com
Registration
Registration number KvK-nummer:
17103220
Branch number 000017476046
VAT-number 806859945
Status Active
First registration company register 1998-03-24
Memorandum 1998-03-24
Establishment date 1998-03-24
Legal form Private
Company
Last proposed amendment 2005-08-30
Issued placed capital EUR
18.151
Paid up share capital EUR
18.151
Activities
SBI Sale
and repair of trailers and semi-trailers (no caravans) (45193)
Exporter No
Importer No
Goal
De
handel in trucks en truckscomponenten, ge- trokken materiaal en overige
automobielen en voorts het exploiteren van een of meer garages
Relations
Shareholders FH-Holding
B.V.
Mac.
Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171203930000
Percentage: 100%
Branches BAS
Trucks B.V.
Mac. Arthurweg 2B
5466AP VEGHEL
Netherlands
Registration number: 171032200000
Companies on same address Amount:
21
Management
Active management C.M.J.
van Heertum (Caspar Martinus Johannes)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2010-01-01
Date of birth: 1969-09-09,
Sint-Michielsgestel, NL
Involved with the following
companies
• BTL Lease B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160772390000
Function: Manager
• BTL Lease B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160772390000
Function: Manager
• FleetcareXL B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 561989570000
Function: Manager
• EXA Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171032120000
Function: Manager
• Stichting
Administratiekantoor van Aandelen EXA Holding
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171092290000
Function: Manager
• BAS Groep B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160215860000
Function: Manager
• FH-Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171203930000
Function:
Manager
• Parts Company B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 172211690000
Function: Manager
B.C.M.J. van Heertum
(Balthazar Cornelus Marinus Joh)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2010-01-01
Date of birth: 1971-07-05,
Sint-Michielsgestel, NL
Involved with the following
companies
• FleetcareXL B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 561989570000
Function: Manager
• EXA Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171032120000
Function: Manager
• BAS Groep B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160215860000
Function: Manager
• FH-Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171203930000
Function: Manager
• Parts Company B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 172211690000
Function: Manager
H. Verhagen (Harm)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2010-01-01
Date of birth: 1968-03-14, Son
en Breugel, NL
Involved with the following
companies
• BTL Lease B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160772390000
Function: Manager
• BTL Lease B.V.
Mac. Arthurweg 2
5466AP
Veghe
Registration number: 160772390000
Function: Manager
• FleetcareXL B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 561989570000
Function: Manager
• EXA Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171032120000
Function: Manager
• BAS Groep B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 160215860000
Function: Manager
• FH-Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171203930000
Function: Manager
• Parts Company B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 172211690000
Function:
Manager
Employees
Total according to the Chamber of Commerce 13
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Total |
13 |
13 |
13 |
13 |
75 |
Payments
Description Payments made under regular condition
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,17 |
0,03 |
0,12 |
0,05 |
0,11 |
|
Current ratio |
1,80 |
1,74 |
1,70 |
2,51 |
1,82 |
|
Working capital/ balance total |
0,43 |
0,41 |
0,40 |
0,58 |
0,44 |
|
Equity / balance total |
0,43 |
0,41 |
0,40 |
0,58 |
0,44 |
|
Equity / Fixed assets |
0,46 |
0,43 |
0,43 |
0,61 |
0,46 |
|
Equity / liabilities |
15,75 |
13,53 |
13,90 |
17,85 |
19,43 |
|
Balance total / liabilities |
1,85 |
1,77 |
1,75 |
2,60 |
1,86 |
|
Working capital |
16.101.432 |
14.332.463 |
11.331.002 |
17.200.063 |
10.816.468 |
|
Equity |
17.110.491 |
15.188.695 |
12.155.391 |
18.210.307 |
11.352.319 |
|
Mutation equity |
12,65 |
24,95 |
-33,25 |
60,41 |
43,39 |
|
Mutation short term liabilities |
2,88 |
20,03 |
42,31 |
-13,68 |
48,74 |
|
Return on total assets (ROA) |
27,91 |
31,02 |
33,98 |
56,29 |
40,92 |
|
Return on equity (ROE) |
60,73 |
71,35 |
79,50 |
91,58 |
88,72 |
|
Gross profit margin |
8,43 |
8,02 |
7,79 |
11,88 |
9,26 |
|
Net profit margin |
6,85 |
5,88 |
5,70 |
8,80 |
6,79 |
|
Average collection ratio |
6,28 |
7,10 |
7,84 |
12,41 |
8,37 |
|
Average payment ratio |
50,41 |
663,69 |
73,97 |
271,37 |
95,41 |
|
Equity turnover ratio |
7,36 |
9,11 |
10,46 |
7,78 |
9,74 |
|
Total assets turnover ratio |
3,38 |
3,96 |
4,47 |
4,78 |
4,49 |
|
Fixed assets turnover ratio |
115,85 |
123,21 |
145,41 |
138,77 |
189,32 |
|
Inventory conversion ratio |
3,84 |
4,15 |
4,96 |
5,06 |
4,91 |
|
Turnover |
125.886.496 |
138.324.740 |
127.204.883 |
141.586.308 |
110.584.683 |
|
Gross margin |
18.215.546 |
18.499.788 |
17.701.908 |
23.411.913 |
15.256.566 |
|
Operating result |
10.609.943 |
11.095.497 |
9.904.653 |
16.820.400 |
10.239.235 |
|
Net result after taxes |
8.884.355 |
8.354.644 |
7.486.751 |
12.645.442 |
7.720.119 |
|
Cashflow |
10.609.943 |
11.095.497 |
9.904.653 |
16.820.400 |
10.239.235 |
|
EBIT |
10.609.943 |
11.095.497 |
9.904.653 |
16.820.400 |
10.239.235 |
|
EBITDA |
10.872.502 |
11.316.837 |
10.146.320 |
17.007.854 |
10.449.239 |
Summary
The 2013 financial result structure is a postive working captial of 16.101.432 euro, which is in agreement with 43 % of the total assets of the company.
The working capital has increased with 12.34 % 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 1.8. 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 0.17. 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 14.332.463 euro, which is in agreement with 41 % of the total assets of the company.
The working capital has increased with 26.49 % 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 1.74. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 0.03. 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 BAS
Trucks B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration
number: 17103220
|
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 |
815.729 |
903.854 |
718.583 |
891.527 |
584.122 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Financial fixed assets |
270.935 |
218.846 |
156.202 |
128.752 |
|
|
Fixed assets |
1.086.664 |
1.122.700 |
874.785 |
1.020.279 |
584.122 |
|
|
|||||
|
Total stock |
32.790.400 |
33.301.655 |
25.641.286 |
27.997.086 |
22.540.822 |
|
Accounts receivable |
573.796 |
85.004 |
1.549.182 |
187.576 |
302.888 |
|
Other receivables |
1.923.323 |
123.414 |
170.579 |
334.177 |
856.109 |
|
Total receivables |
2.497.119 |
208.418 |
1.719.761 |
521.753 |
1.158.997 |
|
Liquid funds |
857.555 |
304.579 |
201.192 |
86.605 |
329.615 |
|
Current assets |
36.145.074 |
33.814.652 |
27.562.239 |
28.605.444 |
24.029.434 |
|
Total assets |
37.231.738 |
34.937.352 |
28.437.024 |
29.625.723 |
24.613.556 |
|
|
|||||
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
17.092.340 |
15.170.544 |
12.137.240 |
18.192.156 |
11.334.168 |
|
Total reserves |
17.092.340 |
15.170.544 |
12.137.240 |
18.192.156 |
11.334.168 |
|
Total equity |
17.110.491 |
15.188.695 |
12.155.391 |
18.210.307 |
11.352.319 |
|
|
|||||
|
Provisions |
77.605 |
266.468 |
50.396 |
10.035 |
48.271 |
|
Accounts payable |
|
|
|
|
3.564.499 |
|
Other short term liabilities |
|
|
|
|
9.648.467 |
|
Short term liabilities |
20.043.642 |
19.482.189 |
16.231.237 |
11.405.381 |
13.212.966 |
|
Total short and long term liabilities |
20.121.247 |
19.748.657 |
16.281.633 |
11.415.416 |
13.261.237 |
|
Total liabilities |
37.231.738 |
34.937.352 |
28.437.024 |
29.625.723 |
24.613.556 |
Summary
The total assets of the company increased with 6.57 % between 2012 and 2013.
Despite the assets growth, the non current assets decreased with -3.21 %.
The asset growth has mainly been financed by a Net Worth increase of 12.65 %. Debt, however, grew with 1.89 %.
In 2013 the assets of the company were 2.92 % composed of fixed assets and 97.08 % by current assets. The assets are being financed by an equity of 45.96 %, and total debt of 54.04 %.
The total assets of the company increased with 22.86 % between 2011 and 2012.
The total asset increase is retrievable in the fixed asset growth of 28.34 %.
The asset growth has mainly been financed by a Net Worth increase of 24.95 %. Debt, however, grew with 21.29 %.
In 2012 the assets of the company were 3.21 % composed of fixed assets and 96.79 % by current assets. The assets are being financed by an equity of 43.47 %, and total debt of 56.53 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
125.886.496 |
138.324.740 |
127.204.883 |
141.586.308 |
110.584.683 |
|
Net turnover |
125.886.496 |
138.324.740 |
127.204.883 |
141.586.308 |
110.584.683 |
|
|
|
|
|
|
|
|
Gross margin |
18.215.546 |
18.499.788 |
17.701.908 |
23.411.913 |
15.256.566 |
|
|
|
|
|
|
|
|
Wages and salaries |
5.323.975 |
|
4.356.595 |
3.462.179 |
2.790.408 |
|
Amorization and depreciation |
262.559 |
221.340 |
241.667 |
187.454 |
210.004 |
|
Sales |
107.670.950 |
119.824.952 |
109.502.975 |
118.174.395 |
95.328.117 |
|
other operating costs |
2.019.069 |
7.182.951 |
3.198.993 |
2.941.880 |
2.016.919 |
|
Operating expenses |
115.276.553 |
127.229.243 |
117.300.230 |
124.765.908 |
100.345.448 |
|
Operating result |
10.609.943 |
11.095.497 |
9.904.653 |
16.820.400 |
10.239.235 |
|
|
|
|
|
|
|
|
Financial income |
|
2.250 |
|
|
|
|
Financial expenses |
219.091 |
261.157 |
241.382 |
143.147 |
167.238 |
|
Financial result |
-219.091 |
-258.907 |
-241.382 |
-143.147 |
-167.238 |
|
Result on ordinary operations before taxes |
10.390.852 |
10.836.590 |
9.663.271 |
16.677.253 |
10.071.997 |
|
|
|
|
|
|
|
|
Taxation on the result of ordinary activities |
1.763.994 |
2.716.405 |
2.419.965 |
4.265.335 |
2.572.368 |
|
Result of ordinary activities after taxes |
8.626.858 |
8.120.185 |
7.243.306 |
12.411.918 |
7.499.629 |
|
Extraordinary income |
|
13.119 |
1.778 |
46.070 |
10.486 |
|
Extraordinary expense |
5.062 |
|
|
|
|
|
Extraordinary result after taxation |
-5.062 |
13.119 |
1.778 |
46.070 |
10.486 |
|
Net result |
8.621.796 |
8.133.304 |
7.245.084 |
12.457.988 |
7.510.115 |
Summary
The turnover of the company decreased by -8.99 % between 2012 and 2013.
The gross profit of the company decreased by -1.54 % between 2012 and 2013.
The operating result of the company declined with -4.38 % 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 -10.03 % of the analysed period, being equal to 2012 % in the year 2013.
This fall has contributed to a asset turnover decrease, whose index evolved from -14.65 to a level of 3.38.
The Net Result of the company decreased by 6.01 % between 2012 and 2013.
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 -14.88 % of the analysed period, being 60.73 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The turnover of the company grew with 8.74 % between 2011 and 2012.
The gross profit of the company grew with 4.51 % between 2011 and 2012.
The operating result of the company grew with 12.02 % between 2011 and 2012. This evolution implies an increase of the company's economic profitability.
The result of these changes is a reduction of the company's Economic Profitability of -8.71 % 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 -11.41 to a level of 3.96.
The Net Result of the company decreased by 12.26 % 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 reduction of -10.25 % of the analysed period, being 71.35 % in the year 2012.
The company's financial profitability has been positively affected by its financial structure
Analysis
Branch (SBI) Sale
and repair of motor vehicles, motorcycles and trailers (45)
Region Noord-Oost-Brabant
In the Netherlands 34564 of the
companies are registered with the SBI code 45
In the region
Noord-Oost-Brabant 1172 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
Noord-Oost-Brabant 15 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 Noord-Oost-Brabant is normal
Publications
Filings 29-04-2014: De jaarrekening over 2013 is gepubliceerd.
06-05-2013: De jaarrekening over 2012 is gepubliceerd.
08-05-2012: De jaarrekening over 2011 is gepubliceerd.
16-05-2011: De jaarrekening over 2010 is gepubliceerd.
31-05-2010: De jaarrekening over 2009 is gepubliceerd.
Company
structure
Relations 12
Stichting Administratiekantoor van Aandelen EXA Holding
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171092290000
• EXA Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171032120000
• FH-Holding B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 171203930000
• BAS Trucks B.V.
Mac. Arthurweg 2
5466AP Veghel
Netherlands
Registration number: 17103220
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
|
|
1 |
Rs.96.81 |
|
Euro |
1 |
Rs.71.51 |
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.