MIRA INFORM REPORT
|
Report No. : |
324134 |
|
Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NETRA AGRO B.V. |
|
|
|
|
Registered Office : |
Reduitlaan 41 4814DC Breda |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
01.05.1992 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 20065860 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Wholesale of Fruit and Vegetables. |
|
|
|
|
No. of Employee : |
6 |
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 Netra Agro
B.V.
Operative
address Reduitlaan 41
4814DC Breda
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 20065860
VAT-number 800771217
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
2.000 |
-33,33 |
3.000 |
-40,00 |
5.000 |
|
Total receivables |
1.330.000 |
-31,93 |
1.954.000 |
-16,92 |
2.352.000 |
|
Total equity |
2.988.000 |
-22,93 |
3.877.000 |
9,49 |
3.541.000 |
|
Short term liabilities |
988.000 |
-0,60 |
994.000 |
-15,91 |
1.182.000 |
|
Net result |
545.000 |
62,20 |
336.000 |
-37,08 |
534.000 |
|
Working capital |
3.059.000 |
-22,58 |
3.951.000 |
8,07 |
3.656.000 |
|
Quick ratio |
2,83 |
-28,72 |
3,97 |
35,96 |
2,92 |
Contact
information
|
Company name |
Netra Agro B.V. |
|
Trade names |
Netra Agro B.V. |
|
Operative address |
Reduitlaan 41 |
|
|
4814DC Breda |
|
|
Netherlands |
|
Correspondence address |
Postbus 9535 |
|
|
4801LM Breda |
|
|
Netherlands |
|
Telephone number |
0765049450 |
|
Fax number |
0765049459 |
|
Email address |
info@netra-agro-nl.com |
|
Website |
www.netra-agro.com |
Registration
|
Registration number |
KvK-nummer: 20065860 |
|
Branch number |
000017951054 |
|
VAT-number |
800771217 |
|
|
|
|
Status |
Active |
|
First registration company register |
1992-08-21 |
|
Memorandum |
1992-08-19 |
|
Establishment date |
1992-05-01 |
|
|
|
|
Legal form |
Private Company |
|
Legal person since |
1992-08-19 |
|
|
|
|
Issued placed capital |
EUR 90.756 |
|
Paid up share capital |
EUR 90.756 |
Activities
|
SBI |
Wholesale of fruit and vegetables (46311) |
|
|
|
|
Exporter |
No |
|
Importer |
No |
|
|
|
|
Goal |
Het be- en verwerken en fabriceren van en de handel in agrarische
producten, zowel |
Relations
Shareholders
S.V.Z.
Industrial Products B.V.
Reduitlaan 41
4814DC BREDA
Netherlands
Registration number: 200234070000
Percentage: 100%
Companies
on same address S.V.Z. International
B.V.
Registration number: 200677260000
S.V.Z. Industrial Products B.V.
Registration number: 200234070000
Companies on same address
Personeelsvereniging SVZ International
Registration number: 201354910000
Management
Active
management S.V.Z.
Industrial Products B.V.
Reduitlaan 41
4814DC BREDA
Netherlands
Registration number: 200234070000
Competence: Fully authorized
Function: Manager
Starting date: 1992-08-19
Active management
E.J.M. Koot (Everdina Johanna Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2005-10-21
Date of birth: 1950-12-17, Djakarta, ID
Involved with the following companies
• S.V.Z. International B.V.
Reduitlaan 41
4814DC BREDA
Netherlands
Registration number: 200677260000
Function: Proxy
• Refeed B.V.
Dr. Alfons Ariensstraat 28
7221CD STEENDEREN
Netherlands
Registration number: 080375450000
Function: Proxy
• Sensus B.V.
Borchwerf 3
4704RG ROOSENDAAL
Netherlands
Registration number: 201693180000
Function: Proxy
• Aviko B.V.
Dr. Alfons Ariensstraat 28
7221CD STEENDEREN
Netherlands
Registration number: 080276720000
Function: Proxy
• Aviko Potato B.V.
De Dommel 28
8253PL DRONTEN
Netherlands
Registration number: 390304630000
Function: Proxy
• Coöperatie Koninklijke Cosun U.A.
Van de Reijtstraat 15
4814NE BREDA
Netherlands
Registration number: 200286990000
Function: Proxy
• Clearwood Property B.V.
Weverseinde 343
3297LJ PUTTERSHOEK
Netherlands
Registration number: 080167230000
Function: Proxy
M.G.C.N. van Delst (Maarten Gerardus Cornelis
Norb)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-04-01
Date of birth: 1970-09-25, Uden, NL
Involved with the following companies
• S.V.Z. International B.V.
Reduitlaan 41
4814DC BREDA
Netherlands
Registration number: 200677260000
Function: Proxy
M.J.C.W. van den Maagdenberg (Maria Johanna
Christina Wilhel)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2005-11-01
Date of birth: 1964-12-26, Prinsenbeek, NL
Involved with the following companies
• S.V.Z. International B.V.
Reduitlaan 41
4814DC BREDA
Netherlands
Registration number: 200677260000
Function: Proxy
• Refeed B.V.
Dr. Alfons Ariensstraat 28
7221CD STEENDEREN
Netherlands
Registration number: 080375450000
Function: Proxy
• Sensus B.V.
Borchwerf 3
4704RG ROOSENDAAL
Netherlands
Registration number: 201693180000
Function: Proxy
• Aviko B.V.
Dr. Alfons Ariensstraat 28
7221CD STEENDEREN
Netherlands
Registration number: 080276720000
Function: Proxy
• Aviko Potato B.V.
De Dommel 28
8253PL DRONTEN
Netherlands
Registration number: 390304630000
Function: Proxy
• Coöperatie Koninklijke Cosun U.A.
Van de Reijtstraat 15
4814NE BREDA
Netherlands
Registration number: 200286990000
Function: Secretaris
P.M. Knottnerus (Peter Martijn)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-06-01
Date of birth: 1972-03-06, Heerlen, NL
Involved with the following companies
• Aviko B.V.
Dr. Alfons Ariensstraat 28
7221CD STEENDEREN
Netherlands
Registration number: 080276720000
Function: Proxy
• Aviko Potato B.V.
De Dommel 28
8253PL DRONTEN
Netherlands
Registration number: 390304630000
Function: Proxy
• Coöperatie Koninklijke Cosun U.A.
Van de Reijtstraat 15
4814NE BREDA
Netherlands
Registration number: 200286990000
Function: Proxy
G.J.M. Wijtvliet (Gerardus Johannes Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1997-06-01
Date of birth: 1956-06-05, Terheijden, NL
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
6 |
6 |
8 |
6 |
6 |
Payments
Description Overeenkomstig conditie
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
2,83 |
3,97 |
2,92 |
3,59 |
2,71 |
|
Current ratio |
4,10 |
4,97 |
4,09 |
4,53 |
3,55 |
|
Working capital/ balance total |
0,76 |
0,80 |
0,75 |
0,78 |
0,71 |
|
Equity / balance total |
0,74 |
0,78 |
0,73 |
0,75 |
0,70 |
|
Equity / Fixed assets |
1.494,00 |
1.292,33 |
708,20 |
220,47 |
131,81 |
|
Equity / liabilities |
2,82 |
3,62 |
2,72 |
3,42 |
2,28 |
|
Balance total / liabilities |
3,82 |
4,62 |
3,72 |
4,54 |
3,28 |
|
Working capital |
3.059.000 |
3.951.000 |
3.656.000 |
3.413.000 |
3.520.000 |
|
Equity |
2.988.000 |
3.877.000 |
3.541.000 |
3.307.000 |
3.427.000 |
|
Mutation equity |
-22,93 |
9,49 |
7,08 |
-3,50 |
3,29 |
|
Mutation short term liabilities |
-0,60 |
-15,91 |
22,11 |
-29,91 |
-3,76 |
|
Return on total assets (ROA) |
17,93 |
8,93 |
14,58 |
25,84 |
22,04 |
|
Return on equity (ROE) |
24,30 |
11,40 |
19,94 |
34,35 |
31,69 |
|
Gross profit margin |
5,24 |
3,21 |
4,54 |
6,91 |
6,35 |
|
Net profit margin |
3,99 |
2,50 |
3,48 |
5,43 |
4,79 |
|
Average collection ratio |
13,81 |
13,50 |
13,00 |
16,76 |
12,22 |
|
Average payment ratio |
10,26 |
6,87 |
6,53 |
6,53 |
7,93 |
|
Equity turnover ratio |
4,57 |
3,46 |
4,34 |
4,90 |
4,93 |
|
Total assets turnover ratio |
3,37 |
2,71 |
3,17 |
3,69 |
3,43 |
|
Fixed assets turnover ratio |
6.823,00 |
4.472,00 |
3.073,00 |
1.081,27 |
649,27 |
|
Inventory conversion ratio |
10,94 |
13,43 |
11,10 |
17,84 |
14,52 |
|
Turnover |
13.646.000 |
13.416.000 |
15.365.000 |
16.219.000 |
16.881.000 |
|
Operating result |
715.000 |
430.000 |
697.000 |
1.121.000 |
1.072.000 |
|
Net result after taxes |
545.000 |
336.000 |
534.000 |
880.000 |
809.000 |
|
Gross profit |
13.646.000 |
|
|
16.219.000 |
16.881.000 |
|
EBIT |
715.000 |
430.000 |
697.000 |
1.121.000 |
1.072.000 |
Key
Summary
The 2013 financial result structure is a postive
working captial of 3.059.000 euro, which is in
agreement with 76 % of the total assets of
the company.
The working capital has diminished with
-22.58 % compared to previous year. The ratio, with
respect to the total assets of the company
has however, declined.
The deterioration between 2012 and 2013 has
mainly been caused by an increase of the
current liabilities.
The current ratio of the company in 2013 was
4.1. If the current ratio exeeds 3.0, the
company may not be using its current assets
or its short-term financing facilities efficiently .
The quick ratio in 2013 of the company was
2.83. 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 3.951.000 euro, which is in
agreement with 80 % of the total assets of
the company.
The working capital has increased with 8.07 %
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
4.97. If the current ratio exeeds 3.0, the company may not be using its current
assets or its short-term financing facilities efficiently .
The quick ratio in 2012 of the company was
3.97. 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 The company is obliged to
file its financial statements.
Type
of annual account Corporate
Annual
account Netra Agro
B.V.
Reduitlaan 41
4814DC Breda
Netherlands
Registration number: 200658600000
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 |
|
|
2.000 |
12.000 |
26.000 |
|
Other tangible fixed assets |
|
|
|
12.000 |
|
|
Other financial fixed assets |
|
|
|
3.000 |
|
|
Financial fixed assets |
2.000 |
3.000 |
3.000 |
3.000 |
|
|
Fixed assets |
2.000 |
3.000 |
5.000 |
15.000 |
26.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Other stock |
|
|
|
909.000 |
|
|
Total stock |
1.247.000 |
999.000 |
1.384.000 |
909.000 |
1.163.000 |
|
Accounts receivable |
1.313.000 |
1.901.000 |
2.117.000 |
2.314.000 |
2.039.000 |
|
Other receivables |
17.000 |
53.000 |
235.000 |
170.000 |
91.000 |
|
Total receivables |
1.330.000 |
1.954.000 |
2.352.000 |
2.484.000 |
2.130.000 |
|
Liquid funds |
1.470.000 |
1.992.000 |
1.102.000 |
988.000 |
1.608.000 |
|
accruals |
|
|
|
170.000 |
|
|
Current assets |
4.047.000 |
4.945.000 |
4.838.000 |
4.381.000 |
4.901.000 |
|
Total assets |
4.049.000 |
4.948.000 |
4.843.000 |
4.396.000 |
4.927.000 |
|
Issued capital |
91.000 |
91.000 |
91.000 |
91.000 |
91.000 |
|
Other reserves |
2.897.000 |
3.786.000 |
3.450.000 |
3.216.000 |
3.336.000 |
|
Total reserves |
2.897.000 |
3.786.000 |
3.450.000 |
3.216.000 |
3.336.000 |
|
Total equity |
2.988.000 |
3.877.000 |
3.541.000 |
3.307.000 |
3.427.000 |
|
Provisions |
73.000 |
77.000 |
120.000 |
121.000 |
119.000 |
|
Accounts payable |
745.000 |
637.000 |
813.000 |
625.000 |
737.000 |
|
Other short term liabilities |
243.000 |
357.000 |
369.000 |
343.000 |
644.000 |
|
Short term liabilities |
988.000 |
994.000 |
1.182.000 |
968.000 |
1.381.000 |
|
Total short and long term liabilities |
1.061.000 |
1.071.000 |
1.302.000 |
968.000 |
1.500.000 |
|
Total liabilities |
4.049.000 |
4.948.000 |
4.843.000 |
4.396.000 |
4.927.000 |
Summary
The total assets of the company decreased
with -18.17 % between 2012 and 2013.
This downturn is mainly retrievable in the
fixed asset decrease of -33.33 %.
Assets reduction is explained by a Net Worth
decrease of -22.93 % while the indebtedness
remains unchanged.
In 2013 the assets of the company were 0.05 %
composed of fixed assets and 99.95 % by
current assets. The assets are being financed
by an equity of 73.8 %, and total debt of 26.2
%.
The total assets of the company increased
with 2.17 % between 2011 and 2012.
Despite the assets growth, the non current
assets decreased with -40 %.
The assets growth has been financed by a Net
Worth increase of 9.49 %. The company's net
increase has also covered a reduction of
-17.74 % of the company's indebtedness.
In 2012 the assets of the company were 0.06 %
composed of fixed assets and 99.94 % by
current assets. The assets are being financed
by an equity of 78.35 %, and total debt of
21.65 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
13.652.000 |
13.416.000 |
15.365.000 |
16.219.000 |
16.892.000 |
|
Other operating income |
6.000 |
|
|
|
11.000 |
|
Net turnover |
13.646.000 |
13.416.000 |
15.365.000 |
16.219.000 |
16.881.000 |
|
other operating costs |
|
|
|
15.098.000 |
|
|
Operating expenses |
12.937.000 |
12.986.000 |
14.668.000 |
15.098.000 |
15.820.000 |
|
Operating result |
715.000 |
430.000 |
697.000 |
1.121.000 |
1.072.000 |
|
Financial income |
12.000 |
12.000 |
10.000 |
15.000 |
15.000 |
|
Financial expenses |
1.000 |
|
1.000 |
|
1.000 |
|
Financial result |
11.000 |
12.000 |
9.000 |
15.000 |
14.000 |
|
Result on ordinary operations before taxes |
726.000 |
442.000 |
706.000 |
1.136.000 |
1.086.000 |
|
Taxation on the result of ordinary activities |
181.000 |
106.000 |
172.000 |
256.000 |
277.000 |
|
Result of ordinary activities after taxes |
545.000 |
336.000 |
534.000 |
880.000 |
809.000 |
|
Net result |
545.000 |
336.000 |
534.000 |
880.000 |
809.000 |
Summary The turnover of the company grew with 1.71 %
between 2012 and 2013.
The operating result of the company grew with
66.28 % between 2012 and 2013. This
evolution implies an increase of the
company's economic profitability.
The result of these changes is an increase of
the company's Economic Profitability of 100.78
% of the analysed period, being equal to 2012
% in the year 2013.
This growth has contributed to the increase
in assets turnover, increasing by 24.35 %
reaching 3.37.
The Net Result of the company decreased by
62.2 % 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
113.16 % of the analysed period, being 24.3 %
in the year 2013.
The company's financial structure has slowed
down its financial profitability.
The turnover of the company decreased by
-12.68 % between 2011 and 2012.
The operating result of the company declined
with -38.31 % between 2011 and 2012. 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 -38.75
% 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 -14.51 to a
level of 2.71.
The Net Result of the company increased by
-37.08 % 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 -42.83 % of the analysed
period, being 11.4 % 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
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
21-07-2014: De jaarrekening
over 2013 is gepubliceerd.
24-07-2013: De jaarrekening over 2012 is
gepubliceerd.
08-02-2013: De jaarrekening over 2011 is
gepubliceerd.
18-07-2011: De jaarrekening over 2010 is
gepubliceerd.
Functions 17-06-2013: Per 01-06-2013 is gevolmachtigde
Peter Martijn Knottnerus in functie getreden.
Company
structure
Relations 38
Coöperatie
Koninklijke Cosun U.A.
Van
de Reijtstraat 15
4814NE
BREDA
Netherlands
Registration
number: 200286990000
•
Cosun Holding B.V.
Van
de Reijtstraat 15
4814NE
BREDA
Netherlands
Registration
number: 200348860000
•
S.V.Z. Industrial Products B.V.
Reduitlaan
41
4814DC
BREDA
Netherlands
Registration
number: 200234070000
•
Netra Agro B.V.
Reduitlaan
41
4814DC
Breda
Netherlands
Registration
number: 200658600000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.