MIRA INFORM REPORT

 

 

Report No. :

324028

Report Date :

25.05.2015

 

IDENTIFICATION DETAILS

 

Name :

INFRA FOODBRANDS B.V.

 

 

Registered Office :

Hogehilweg 5w 1101ca Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

01.03.1980

 

 

Com. Reg. No.:

KvK-nummer: 32033566

 

 

Legal Form :

Private company with regular structure

 

 

Line of Business :

Agents involved in the sale of food

 

 

No. of Employee :

5

 

 

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

 

Summary

 

Company name                        Infra Foodbrands B.V.

Operative address                    Hogehilweg 5W

1101CA AMSTERDAM

Netherlands

 

Legal form                               Private company with regular structure

Registration number                KvK-nummer: 32033566

VAT-number                             801552606

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

175.200

-6,13

186.633

-8,65

204.307

Total receivables

3.869.771

64,48

2.352.741

-3,74

2.444.091

Total equity

3.839.103

20,37

3.189.359

10,69

2.881.284

Short term liabilities

2.209.143

31,58

1.678.919

-1,39

1.702.573

Working capital

3.663.903

22,02

3.002.726

12,17

2.676.977

Quick ratio

1,92

-8,13

2,09

20,81

1,73

 

 

 

 

Contact information

 

Company name                        Infra Foodbrands B.V.

Trade names                            Infra Foodbrands B.V.

 

Operative address                    Hogehilweg 5W

1101CA AMSTERDAM

Netherlands

 

Correspondence address         Hogehilweg 5W

1101CA AMSTERDAM

Netherlands

 

Telephone number                   020-3113070

Fax number                              0203113071

 

Email address                          maaza@infrafoodbrands.nl

Website                                    infrafoodbrands.nl

 

 

Registration

 

Registration number                            KvK-nummer: 32033566

Branch number                                    000018040217

VAT-number                                         801552606

 

Status                                                  Active

First registration company register      1992-11-23

Memorandum                                       1992-11-23

Establishment date                              1980-03-01

 

Legal form                                           Private company with regular structure

Legal person since                               1992-11-23

Last proposed admendment                 2006-09-19

 

Issued placed capital                           EUR 18.515

Paid up share capital                           EUR 18.515

 

 

Activities

 

SBI                                           Agents involved in the sale of food (4617)

 

Exporter                                   Yes

Importer                                   Yes

 

Goal                                         Handel in, import/export en (doen) vervaardigen van consumentenproducten

 

 

Management

 

Active management                  D'Hooge Wal Beheer B.V.

Vinkebaan 1

1251EJ LAREN NH

Netherlands

Registration number: 320533720000

Competence: Fully authorized

Function: Manager

Starting date: 1992-11-23

B.H.J. Bendel (Bernardus Herman Johannes)

Netherlands

Function: Commissaris

Starting date: 2006-09-19

Date of birth: 1952-12-26, Hilversum, NL

P.K.F. Sanders (Paul Karel Frank)

Netherlands

Competence: Fully authorized

Function: Proxy

Starting date: 1992-11-23

Date of birth: 1946-05-21, Voorburg, NL

M. Oosterhoorn (Michel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1996-07-22

Date of birth: 1971-07-19, Wormerveer, NL

M.E. Sanders (Michaël Elkan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-01-01

Date of birth: 1978-08-26, Laren, NL

 

 

Employees

 

Fulltime                                     0

 

Year

 

2015

2014

2013

2012

2011

Total

5

5

6

5

5

 

 

 

 

Payments

 

Description                               Met vertraging

 

 

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,92

2,09

1,73

1,78

1,40

Current ratio

2,66

2,79

2,57

2,81

2,22

Working capital/ balance total

0,61

0,62

0,58

0,62

0,52

Equity / balance total

0,63

0,66

0,63

0,66

0,57

Equity / Fixed assets

21,91

17,09

14,10

15,31

11,84

Equity / liabilities

1,74

1,90

1,69

1,94

1,33

Balance total / liabilities

2,74

2,90

2,69

2,94

2,33

Working capital

3.663.903

3.002.726

2.676.977

2.566.669

2.184.127

Equity

3.839.103

3.189.359

2.881.284

2.745.969

2.385.609

Mutation equity

20,37

10,69

4,93

15,11

12,05

Mutation short term liabilities

31,58

-1,39

20,34

-21,15

2,31

 

Summary         The 2013 financial result structure is a postive working captial of 3.663.903 euro, which is in

agreement with 61 % of the total assets of the company.

The working capital has increase with 22.02 % compared to previous year. The ratio with

respect to the total assets of the company has however, declined.

The improvement between 2012 and 2013 has mainly been caused by a current liabilities

reduction.

The current ratio of the company in 2013 was 2.66. 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 1.92. 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 3.002.726 euro, which is in

agreement with 62 % of the total assets of the company.

The working capital has increased with 12.17 % 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 2.79. 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 2.09. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

 

 

 

 

 

 

Financial statement

 

Last annual account                 2013

Remark annual account            There is no financial data published

Type of annual account            Corporate

Annual account                        Infra Foodbrands B.V.

Hogehilweg 5W

1101CA AMSTERDAM

Netherlands

Registration number: 320335660000

 

 

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

Intangible fixed assets

 

 

 

 

2.890

Tangible fixed assets

164.047

174.918

192.046

172.846

197.954

Financial fixed assets

11.153

11.715

12.261

6.454

638

Fixed assets

175.200

186.633

204.307

179.300

201.482

Total stock

1.620.867

1.178.398

1.426.623

1.459.882

1.473.996

Total receivables

3.869.771

2.352.741

2.444.091

2.333.135

2.335.688

Liquid funds

382.408

1.150.506

508.836

188.446

168.839

Current assets

5.873.046

4.681.645

4.379.550

3.981.463

3.978.523

Total assets

6.048.246

4.868.278

4.583.857

4.160.763

4.180.005

Issued capital

18.514

18.514

18.514

18.333

18.151

Share premium reserve

 

7.683

 

1.529

 

Other reserves

3.820.589

3.163.162

2.862.770

2.726.107

2.367.458

Total reserves

3.820.589

3.170.845

2.862.770

2.727.636

2.367.458

Total equity

3.839.103

3.189.359

2.881.284

2.745.969

2.385.609

Short term liabilities

2.209.143

1.678.919

1.702.573

1.414.794

1.794.396

Total short and long term liabilities

2.209.143

1.678.919

1.702.573

1.414.794

1.794.396

Total liabilities

6.048.246

4.868.278

4.583.857

4.160.763

4.180.005

 

 

Summary         The total assets of the company increased with 24.24 % between 2012 and 2013.

Despite the assets growth, the non current assets decreased with -6.13 %.

The asset growth has mainly been financed by a debt increase of 31.58 %. The Net Worth,

however, grew with 20.37 %.

In 2013 the assets of the company were 2.9 % composed of fixed assets and 97.1 % by

current assets. The assets are being financed by an equity of 63.47 %, and total debt of

36.53 %.

The total assets of the company increased with 6.2 % between 2011 and 2012.

Despite the assets growth, the non current assets decreased with -8.65 %.

The assets growth has been financed by a Net Worth increase of 10.69 %. The company's

net increase has also covered a reduction of -1.39 % of the company's indebtedness.

In 2012 the assets of the company were 3.83 % composed of fixed assets and 96.17 % by

current assets. The assets are being financed by an equity of 65.51 %, and total debt of

34.49 %.

 

 

 

 

 

Analysis

 

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

Region                         Groot Amsterdam

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

In the region Groot Amsterdam 10512 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 Amsterdam 209 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 Amsterdam is normal

 

Publications

 

Filings                                     19-08-2014: De jaarrekening over 2013 is gepubliceerd.

07-08-2013: De jaarrekening over 2012 is gepubliceerd.

09-07-2012: De jaarrekening over 2011 is gepubliceerd.

04-07-2011: De jaarrekening over 2010 is gepubliceerd.

15-06-2010: De jaarrekening over 2009 is gepubliceerd.

 

Functions                     08-01-2014: Per 01-01-2014 is gevolmachtigde Michaël Elkan Sanders in functie getreden.

 

 

Company structure

 

Relations                                  3

 

D'Hooge Wal Beheer B.V.

Vinkebaan 1

1251EJ LAREN NH

Netherlands

Registration number: 320533720000

• Infra Foodbrands B.V.

Hogehilweg 5W

1101CA AMSTERDAM

Netherlands

Registration number: 320335660000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

 

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.