MIRA INFORM REPORT
|
Report No. : |
323949 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
WILD JUICE B.V. |
|
|
|
|
Registered Office : |
Capriweg 4 1044AL Amsterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30.06.1995 |
|
|
|
|
Com. Reg. No.: |
24257652 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
153 (2015) |
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 : |
Slow but correct |
|
|
|
|
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
summary
Company name Wild Juice B.V.
Operative address Capriweg 4
1044AL Amsterdam
Netherlands
Legal form Private Company
Registration number KvK-nummer: 24257652
VAT-number 803899269
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
23.870.157 |
-27,56 |
32.949.834 |
183,43 |
11.625.272 |
|
Total receivables |
32.686.501 |
10,16 |
29.672.286 |
397,03 |
5.969.970 |
|
Total equity |
26.596.990 |
9,12 |
24.373.043 |
150,44 |
9.731.991 |
|
Short term liabilities |
42.316.641 |
-46,46 |
79.038.038 |
245,94 |
22.847.157 |
|
Net result |
-12.776.053 |
-292,38 |
6.641.052 |
229,67 |
2.014.448 |
|
Working capital |
52.750.938 |
1.129,47 |
-5.124.072 |
-183,84 |
-1.805.281 |
|
Quick ratio |
0,81 |
97,56 |
0,41 |
20,59 |
0,34 |
Contact
information
Company
name Wild
Juice B.V.
Trade
names Wild
Juice Services
Operative
address Capriweg
4
1044AL Amsterdam
Netherlands
Correspondence
address Capriweg
4
1044AL
Amsterdam
Netherlands
Telephone
number 0204803711
Fax
number 0204804645
Email
address info.amsterdam@wildflavors.com
Website www.wildflavors.com
Registration
Registration
number KvK-nummer:
24257652
Branch number 000018395538
VAT-number 803899269
Status Active
First
registration company register 1995-07-12
Memorandum 1995-06-30
Establishment
date 1995-06-30
Legal form Private Company
Last proposed
admendment 1996-05-31
Issued placed
capital EUR 226.890
Paid up share capital EUR 226.890
Activities
SBI
Manufacture
of fruit and vegetable juice (1032)
Wholesale
of beverages (no diary products) (4634)
Exporter
No
Importer
No
Goal De
handel in, de bereiding en ontwikkeling van vruchten, sappen en geconcentreerde
vruchtsappen en vruchtprodukten
in welke vorm dan ook geuren en extracten, alsmede de
toekenning van licenties, en
voorts alle handelingen die bevorderlijk zijn voor het doel
Relations
Shareholders
Naam:
WILD Flavors Europe GmbH
Bezoekadres: Neugasse 22, 6300
Zug, Zwitserland
Ingeschreven in:
Handelsregister Zug, Zwitserland, Zwitserland onder nummer
CH-170.4.009.757-0
Enig aandeelhouder sedert:
27-05-2010 (datum registratie: 12-01-2011)
Branches
Wild
Juice B.V.
Capriweg 4
1044AL AMSTERDAM
Netherlands
Registration number: 242576520001
Companies
on same address
Cargill B.V.
Registration number: 331196220002
Wild Juice B.V.
Registration number: 242576520001
Management
Active management F.
Altrock (Frank)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-09-14
Date of birth: 1974-06-18,
Pforzheim, DE
P.H.B. Bruggink (Paulus
Hendrikus Bernardus)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2013-03-21
Date of birth: 1967-08-13,
Rheden, NL
C.S. Geensen (Christiaan
Steven)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2011-03-14
Date of birth: 1961-10-20,
's-Gravenhage, NL
P.J. van den Berg (Peter
Johannes)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2011-03-14
Date of birth: 1961-04-10,
Rotterdam, NL
Employees
|
Year
|
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
153 |
29 |
29 |
29 |
29 |
Payments
Description The payments are regular
Key figures
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,81 |
0,41 |
0,34 |
0,44 |
1,43 |
|
Current ratio |
2,25 |
0,94 |
0,92 |
1,33 |
3,11 |
|
Working capital/ balance total |
0,44 |
-0,05 |
-0,06 |
0,21 |
0,50 |
|
Equity / balance total |
0,22 |
0,23 |
0,30 |
0,34 |
0,71 |
|
Equity / Fixed assets |
1,11 |
0,74 |
0,84 |
2,16 |
2,75 |
|
Equity / liabilities |
0,29 |
0,30 |
0,42 |
0,52 |
2,49 |
|
Balance total / liabilities |
1,29 |
1,30 |
1,42 |
1,52 |
3,49 |
|
Working capital |
52.750.938 |
-5.124.072 |
-1.805.281 |
4.778.000 |
7.444.173 |
|
Equity |
26.596.990 |
24.373.043 |
9.731.991 |
7.718.000 |
10.572.303 |
|
Mutation equity |
9,12 |
150,44 |
26,09 |
-27,00 |
3,16 |
|
Mutation short term liabilities |
-46,46 |
245,94 |
58,44 |
307,84 |
43,79 |
|
Return on total assets (ROA) |
-10,28 |
4,96 |
8,31 |
13,24 |
7,95 |
|
Return on equity (ROE) |
-45,97 |
21,73 |
27,90 |
39,05 |
11,14 |
|
Gross profit margin |
-4,90 |
6,31 |
6,09 |
5,97 |
3,49 |
|
Net profit margin |
-7,11 |
6,13 |
3,34 |
3,91 |
2,70 |
|
Average collection ratio |
4,25 |
1,37 |
2,64 |
3,80 |
9,67 |
|
Average payment ratio |
5,50 |
3,65 |
10,11 |
8,58 |
9,06 |
|
Equity turnover ratio |
6,76 |
4,44 |
6,20 |
7,11 |
3,23 |
|
Total assets turnover ratio |
1,51 |
1,01 |
1,85 |
2,41 |
2,31 |
|
Fixed assets turnover ratio |
7,53 |
3,29 |
5,19 |
15,35 |
8,90 |
|
Inventory conversion ratio |
2,96 |
2,62 |
4,54 |
4,28 |
5,77 |
|
Turnover |
179.666.436 |
108.319.749 |
60.361.237 |
54.842.000 |
34.193.544 |
|
Operating result |
-8.809.420 |
6.839.799 |
3.673.337 |
3.272.000 |
1.194.081 |
|
Net result after taxes |
-12.776.053 |
6.641.052 |
2.014.448 |
2.145.000 |
924.180 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Cashflow |
|
|
|
2.611.000 |
|
|
Gross profit |
179.666.436 |
108.319.749 |
|
54.841.000 |
34.193.544 |
|
EBIT |
-8.809.420 |
6.839.799 |
3.673.337 |
3.272.000 |
1.194.081 |
|
EBITDA |
|
|
|
3.738.000 |
|
Summary
The 2013 financial result structure is a postive working
captial of 52.750.938 euro, which is in
agreement with 44 % of the total assets of the company.
The working capital has increased with 1129.47 % 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 2.25. 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 0.81. 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 -5.124.072 euro, which is
in agreement with -5 % of the total assets of the company.
The working capital has diminished with -183.84 % compared
to previous year. The ratio,
with respect to the total assets of the company has
however, increased.
The deterioration between 2011 and 2012 has mainly been
caused by a reduction of the
current assets.
The current ratio of the company in 2012 was 0.94. 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 0.41. 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 Wild Juice B.V.
Capriweg 4
1044AL Amsterdam
Netherlands
Registration number: 242576520000
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 |
6.566.857 |
7.160.632 |
|
||
|
Other tangible fixed assets |
|
|
|
3.572.000 |
|
|
Tangible fixed assets |
13.288.611 |
17.318.230 |
3.154.300 |
3.572.000 |
3.842.677 |
|
Financial fixed assets |
4.014.689 |
8.470.972 |
8.470.972 |
|
|
|
Fixed assets |
23.870.157 |
32.949.834 |
11.625.272 |
3.572.000 |
3.842.677 |
|
=Other stock |
|
|
|
12.806.000 |
|
|
Total stock |
60.741.149 |
41.329.498 |
13.283.601 |
12.806.000 |
5.921.834 |
|
Accounts receivable |
|
21.964.196 |
4.314.547 |
4.519.000 |
2.955.782 |
|
Other receivables |
|
7.708.090 |
1.655.423 |
1.873.000 |
818.855 |
|
Total receivables |
32.686.501 |
29.672.286 |
5.969.970 |
6.392.000 |
3.774.637 |
|
Liquid funds |
1.639.929 |
2.912.182 |
1.788.305 |
|
1.283.388 |
|
accruals |
|
|
|
1.873.000 |
|
|
Current assets |
95.067.579 |
73.913.966 |
21.041.876 |
19.198.000 |
10.979.859 |
|
Total assets |
118.937.736 |
106.863.800 |
32.667.148 |
22.770.000 |
14.822.536 |
|
Issued capital |
26.596.990 |
24.373.043 |
9.731.991 |
7.718.000 |
10.572.303 |
|
Provisions |
3.108.171 |
3.452.719 |
88.000 |
88.000 |
49.000 |
|
Long term interest yielding debt |
46.915.934 |
|
|
|
665.547 |
|
Other long term liabilities |
|
|
|
545.000 |
|
|
Long term
liabilities |
46.915.934 |
|
545.000 |
665.547 |
|
|
Accounts payable |
|
12.254.121 |
3.195.362 |
3.757.000 |
2.256.354 |
|
Other short term liabilities |
|
66.783.917 |
19.651.795 |
10.663.000 |
1.279.332 |
|
Short term
liabilities |
42.316.641 |
79.038.038 |
22.847.157 |
14.420.000 |
3.535.686 |
|
Total short and
long term liabilities |
92.340.746 |
82.490.757 |
22.935.157 |
14.965.000 |
4.250.233 |
|
Total
liabilities |
118.937.736 |
106.863.800 |
32.667.148 |
22.770.000 |
14.822.536 |
Summary
The total assets of the company increased with 11.3 % between 2012 and 2013.
Despite the assets growth, the non current assets decreased with -27.56 %.
The asset growth has mainly been financed by a debt increase of 11.94 %. The Net Worth,
however, grew with 9.12 %.
In 2013 the assets of the company were 20.07 % composed of fixed assets and 79.93 % by
current assets. The assets are being financed by an equity of 22.36 %, and total debt of
77.64 %.
The total assets of the company increased with 227.13 % between 2011 and 2012.
The fixed asset growth of 183.43 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 259.67 %. The Net Worth,
however, grew with 150.44 %.
In 2012 the assets of the company were 30.83 % composed of fixed assets and 69.17 % by
current assets. The assets are being financed by an equity of 22.81 %, and total debt of
77.19 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
180.601.803 |
119.151.798 |
60.361.237 |
54.911.000 |
34.266.832 |
|
Other operating income |
935.367 |
10.832.049 |
|
70.000 |
73.288 |
|
Net turnover |
179.666.436 |
108.319.749 |
60.361.237 |
54.842.000 |
34.193.544 |
|
Wages and salaries |
|
|
|
1.630.000 |
|
|
Amorization and depreciation |
|
|
|
466.000 |
|
|
other operating costs |
|
|
|
3.048.000 |
|
|
Raw materials and consumables |
|
|
|
46.496.000 |
|
|
Operating expenses |
189.411.223 |
112.311.999 |
56.687.900 |
51.640.000 |
33.072.751 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Operating result |
-8.809.420 |
6.839.799 |
3.673.337 |
3.272.000 |
1.194.081 |
|
Financial income |
28.908 |
541.312 |
51.421 |
104.000 |
93.920 |
|
Financial expenses |
3.447.450 |
2.084.665 |
1.009.542 |
362.000 |
109.943 |
|
Financial result |
-3.418.542 |
-1.543.353 |
-958.121 |
-258.000 |
-16.023 |
|
Result on ordinary operations before taxes |
-12.227.962 |
5.296.446 |
2.715.216 |
3.014.000 |
1.178.058 |
|
Taxation on the result of ordinary activities |
-3.108.662 |
-1.344.606 |
700.768 |
868.000 |
253.878 |
|
Result of ordinary activities after taxes |
-9.119.300 |
6.641.052 |
2.014.448 |
2.145.000 |
924.180 |
|
Extraordinary expense |
3.656.753 |
|
|
|
|
|
Extraordinary result after taxation |
-3.656.753 |
|
|
|
|
|
Net result |
-12.776.053 |
6.641.052 |
2.014.448 |
2.145.000 |
924.180 |
Summary
The turnover of the company grew with 65.87 % between 2012 and 2013.
The operating result of the company declined with -228.8 % 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 -307.26
% of the analysed period, being equal to 2012 % in the year 2013.
Despite the decline the assets turnover increased by 49.5 % reaching 1.51.
The Net Result of the company increased by -292.38 % between 2012 and 2013.
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
-311.55 % of the analysed period, being -45.97 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The turnover of the company grew with 79.45 % between 2011 and 2012.
The operating result of the company grew with 86.2 % 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 -40.31
% 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 -45.41 to a
level of 1.01.
The Net Result of the company decreased by 229.67 % 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 -22.11 % of the analysed period, being 21.73 % 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
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
08-05-2014:
De jaarrekening over 2013 is gepubliceerd.
16-08-2013: De jaarrekening
over 2012 is gepubliceerd.
22-01-2013: De jaarrekening
over 2011 is gepubliceerd.
15-06-2011: De jaarrekening
over 2010 is gepubliceerd.
Functions
14-04-2015: Per 02-03-2015 is
bestuurder Swantje Koschmieder uit functie getreden.
26-03-2013: Per 21-03-2013 is
bestuurder Paulus Hendrikus Bernardus Bruggink in functie
getreden.
21-11-2011: Per 31-10-2011 is
bestuurder Michael Tacke uit functie getreden.
05-10-2011: Per 14-09-2011 is bestuurder
Frank Altrock in functie getreden.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.83 |
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.