MIRA INFORM REPORT
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Report No. : |
321765 |
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Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
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Name : |
EPICOR COMPONENTS B.V. |
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Registered Office : |
Kethelweg 46 3135GL Vlaardingen |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
28.03.1994 |
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Com. Reg. No.: |
KvK-nummer: 24247177 |
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Legal Form : |
Private company |
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Line of Business : |
Wholesale of electronic and communication equipment and related parts. |
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No. of Employee : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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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 EPICOR COMPONENTS B.V.
Operative address Kethelweg 46
3135GL Vlaardingen
Netherlands
Legal form Private Company
Registration number KvK-nummer: 24247177
VAT-number 802793393
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
88.540 |
-5,47 |
93.659 |
-16,03 |
111.544 |
|
Total receivables |
814.811 |
1,65 |
801.551 |
14,54 |
699.811 |
|
Total equity |
599.965 |
-7,49 |
648.546 |
-2,82 |
667.394 |
|
Short term liabilities |
1.045.492 |
-15,98 |
1.244.354 |
-31,87 |
1.826.365 |
|
Working capital |
511.425 |
-7,83 |
554.887 |
-0,17 |
555.850 |
|
Quick ratio |
1,08 |
50,00 |
0,72 |
-15,29 |
0,85 |
Contact
information
Company
name Epicor Components B.V.
Trade
names Epicore
Epicor Components B.V.
Epicore Electronics
Epicore Components
EPI-Core
EPI-Core Electronics
EPI-Core Components
Operative
address Kethelweg 46
3135GL Vlaardingen
Netherlands
Correspondence
address Kethelweg 46
3135GL Vlaardingen
Netherlands
Telephone
number 0104352181
Fax
number 0104354321
Email
address info@epicorcomponents.com
Website
www.epicorcomponents.com
Registration
Registration
number KvK-nummer: 24247177
Branch
number 000010450572
VAT-number
802793393
Status
Active
First
registration company register 1994-11-29
Memorandum
1994-11-24
Establishment
date 1994-03-28
Legal
form Private Company
Issued
placed capital EUR 18.151
Paid
up share capital EUR 18.151
Activities
SBI Wholesale of electronic and
communication equipment and related parts (4652)
ISO
certified Yes
ISO
certifier QualityMasters
ISO
standard ISO 9001:2008
Exporter
Yes
Importer
Yes
Goal
Het importeren en exporteren
van, de handel in en de verkoop van electronica en
electronica- componenten
Management
Active management H. Brökling (Harald)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1994-11-24
Date of birth: 1965-03-17, Schiedam, NL
Employees
Total according to the Chamber of Commerce 11
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
11 |
8 |
11 |
11 |
11 |
Payments
Description Geen klachten
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
1,08 |
0,72 |
0,85 |
0,59 |
0,69 |
|
Current ratio |
1,49 |
1,45 |
1,30 |
1,25 |
1,27 |
|
Working capital/ balance total |
0,31 |
0,29 |
0,22 |
0,19 |
0,20 |
|
Equity / balance total |
0,36 |
0,34 |
0,27 |
0,26 |
0,25 |
|
Equity / Fixed assets |
6,78 |
6,92 |
5,98 |
3,61 |
5,28 |
|
Equity / liabilities |
0,57 |
0,52 |
0,37 |
0,34 |
0,33 |
|
Balance total / liabilities |
1,57 |
1,52 |
1,37 |
1,34 |
1,33 |
|
Working capital |
511.425 |
554.887 |
555.850 |
397.951 |
385.402 |
|
Equity |
599.965 |
648.546 |
667.394 |
550.403 |
475.449 |
|
Mutation equity |
-7,49 |
-2,82 |
21,26 |
15,76 |
-33,62 |
|
Mutation short term liabilities |
-15,98 |
-31,87 |
14,44 |
11,92 |
41,46 |
Summary The 2013 financial result structure is a postive working captial of 511.425 euro, which is in
agreement with 31 % of the total assets of the company.
The working capital has diminished with -7.83 % 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 1.49. 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 1.08. 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 554.887 euro, which is in
agreement with 29 % of the total assets of the company.
The working capital remained unchanged compared to previous year. The ratio with respect
to the total assets of the company has however, increased.
The unchanged capital can be explained by an increase in current assets and a decrease in
current liabilities.
The current ratio of the company in 2012 was 1.45. 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 0.72. 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 Epicor
Components B.V.
Kethelweg 46
3135GL Vlaardingen
Netherlands
Registration number: 242471770000
Balance
sheet
|
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 |
24.903 |
25.378 |
37.784 |
71.858 |
85.013 |
|
Financial fixed assets |
63.637 |
68.281 |
73.760 |
80.594 |
5.034 |
|
Fixed assets |
88.540 |
93.659 |
111.544 |
152.452 |
90.047 |
|
Total stock |
430.918 |
899.022 |
829.513 |
1.053.822 |
830.639 |
|
Total receivables |
814.811 |
801.551 |
699.811 |
848.980 |
754.456 |
|
Liquid funds |
311.188 |
98.668 |
852.891 |
91.121 |
226.266 |
|
Current assets |
1.556.917 |
1.799.241 |
2.382.215 |
1.993.923 |
1.811.361 |
|
Total assets |
1.645.457 |
1.892.900 |
2.493.759 |
2.146.375 |
1.901.408 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
581.814 |
630.395 |
649.243 |
532.252 |
457.298 |
|
Total reserves |
581.814 |
630.395 |
649.243 |
532.252 |
457.298 |
|
Total equity |
599.965 |
648.546 |
667.394 |
550.403 |
475.449 |
|
Short term liabilities |
1.045.492 |
1.244.354 |
1.826.365 |
1.595.972 |
1.425.959 |
|
Total short and long term liabilities |
1.045.492 |
1.244.354 |
1.826.365 |
1.595.972 |
1.425.959 |
|
Total liabilities |
1.645.457 |
1.892.900 |
2.493.759 |
2.146.375 |
1.901.408 |
Summary The total assets of the company decreased with -13.07 % between 2012 and 2013.
This total assets decrease has been reflected in a reduction of non current assets of -5.47 %.
Assets reduction is explained by a Net Worth decrease of -7.49 %, and an indebtedness
reduction of -15.98 %.
In 2013 the assets of the company were 5.38 % composed of fixed assets and 94.62 % by
current assets. The assets are being financed by an equity of 36.46 %, and total debt of
63.54 %.
The total assets of the company decreased with -24.09 % between 2011 and 2012.
This total assets decrease has been reflected in a reduction of non current assets of -16.03
%.
Assets reduction is explained by a Net Worth decrease of -2.82 %, and an indebtedness
reduction of -31.87 %.
In 2012 the assets of the company were 4.95 % composed of fixed assets and 95.05 % by
current assets. The assets are being financed by an equity of 34.26 %, and total debt of
65.74 %.
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
03-11-2014: De jaarrekening over 2013 is gepubliceerd.
23-12-2013: De jaarrekening over 2012 is
gepubliceerd.
03-04-2013: De jaarrekening over 2011 is
gepubliceerd.
17-09-2010: De jaarrekening over 2007 is
gepubliceerd.
17-09-2010: De jaarrekening over 2008 is
gepubliceerd.
17-09-2010: De jaarrekening over 2009 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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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.