MIRA INFORM REPORT

 

 

Report No. :

324066

Report Date :

30.05.2015

 

IDENTIFICATION DETAILS

 

Name :

INTERBULK PACKAGING B.V.

 

 

Registered Office :

Margrietlaan 5, 5263BT Vught

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

11.07.2002

 

 

Com. Reg. No.:

KvK-nummer: 22050759

 

 

Legal Form :

Private Company with Regular Structure

 

 

Line of Business :
  • Manufacture of lifting and handling equipment
  • Engineers and other technical design and consultancy

 

 

No. of Employee :

2

 

 

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 :

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

 

 

Summary

 

 

Company name

INTERBULK PACKAGING B.V.

Operative address

Margrietlaan 5

 

5263BT VUGHT

 

Netherlands

 

 

Legal form

Private company with regular structure

Registration number

KvK-nummer: 22050759

VAT-number

810934516

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

139.774

184,08

49.203

-19,24

60.923

Total receivables

282.077

32,36

213.106

371,60

45.188

Total equity

181.236

50,77

120.209

41,38

85.023

Short term liabilities

472.330

32,66

356.034

43,46

248.180

Working capital

42.140

-51,98

87.757

21,25

72.379

Quick ratio

0,60

 

0,60

215,79

0,19

 

 

 

 

Contact information

 

Company name

Interbulk Packaging B.V.

Trade names

Interbulk Packaging B.V.

 

 

Operative address

Margrietlaan 5

 

5263BT VUGHT

 

Netherlands

Correspondence address

Postbus 2168

 

5260CD VUGHT

 

Netherlands

 

 

Fax number

0111 451011

Mobile number

06-48421285

Email address

mf@interbulkpackaging.com

Website

www.interbulkpackaging.com

 

 

Registration

 

 

Registration number

KvK-nummer: 22050759

Registered in

Kamer van Koophandel Brabant

Branch number

000016041720

VAT-number

810934516

Status

Active

First registration company register

2002-07-31

Memorandum

2002-07-31

Establishment date

2002-07-11

Legal form

Private company with regular structure

Legal person since

2002-07-31

Last proposed admendment

2006-12-21

Issued placed capital

EUR 18.250

Paid up share capital

EUR 18.250

 

 

Activities

 

SBI

Manufacture of lifting and handling equipment (2822)

 

Engineers and other technical design and consultancy (7112)

Exporter

Yes

Importer

Yes

Goal

Ontwerpen en vervaardigen van, alsmede (groot)handel in toebehoren voor laad- en lossystemen, met name van bulkgoederen.

 

 

Relations

 

 

 

Shareholders

Maxim Holding B.V.

 

 

Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 242214210000

Percentage: 100%

 

Companies on same address

Maxim Holding B.V.

Registration number: 242214210000

 

Green Soil Bag B.V.

Registration number: 566681980000

 

 

 

Management

 

Active management

Maxim Holding B.V.

Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 242214210000

Competence: Limited authorization

Function: General Director

Starting date: 2002-07-31

 

 

Employees

 

Year

2015

2014

2012

2011

2010

Total

2

2

2

2

2

 

 

 

 

Key figures

 

 

 

 

 

 

Year

2013

2012

2011

2010

2009

Quick ratio

0,60

0,60

0,19

0,60

0,84

Current ratio

1,09

1,25

1,29

1,18

1,19

Working capital/ balance total

0,06

0,18

0,19

0,14

0,15

Equity / balance total

0,28

0,24

0,22

0,12

0,08

 

 

Year

2013

2012

2011

2010

2009

Equity / Fixed assets

1,30

2,44

1,40

1,67

0,91

Equity / liabilities

0,38

0,32

0,29

0,13

0,09

Balance total / liabilities

1,38

1,32

1,29

1,13

1,09

Working capital

42.140

87.757

72.379

86.747

82.267

Equity

181.236

120.209

85.023

69.651

45.378

Mutation equity

50,77

41,38

22,07

53,49

-35,00

Mutation short term liabilities

32,66

43,46

-47,98

9,84

-37,88

 

SUMMARY

 

The 2013 financial result structure is a postive working captial of 42.140 euro, which is in agreement with 6 % of the total assets of the company.

 

The working capital has diminished with -51.98 % 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 1.09. 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 0.6. 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 87.757 euro, which is in agreement with 18 % of the total assets of the company.

 

The working capital has increase with 21.25 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.

 

The improvement between 2011 and 2012 has mainly been caused by a current liabilities reduction.

 

The current ratio of the company in 2012 was 1.25. 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 0.6. 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

There is no financial data published

Type of annual account

Corporate

Annual account

Interbulk Packaging B.V.

Margrietlaan 5 5263BT VUGHT

Netherlands

Registration number: 220507590000

 

 

Balance

 

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

139.774

49.203

60.923

41.664

49.935

Fixed assets

139.774

49.203

60.923

41.664

49.935

Total stock

232.393

230.685

274.387

278.557

150.752

Total receivables

282.077

213.106

45.188

285.273

284.226

Liquid funds

 

 

984

10

81.657

Current assets

514.470

443.791

320.559

563.840

516.635

Total assets

654.244

492.994

381.482

605.504

566.570

Issued capital

18.250

18.250

18.250

18.250

18.250

Other reserves

162.986

101.959

66.773

51.401

27.128

Total reserves

162.986

101.959

66.773

51.401

27.128

Total equity

181.236

120.209

85.023

69.651

45.378

Provisions

678

964

1.250

 

 

Long term interest yielding debt

 

15.787

47.029

58.760

86.824

Long term liabilities

 

15.787

47.029

58.760

86.824

Short term liabilities

472.330

356.034

248.180

477.093

434.368

Total short and long term liabilities

473.008

372.785

296.459

535.853

521.192

Total liabilities

654.244

492.994

381.482

605.504

566.570

 

SUMMARY

 

The total assets of the company increased with 32.71 % between 2012 and 2013.

 

The total asset increase is retrievable in the fixed asset growth of 184.08 %. The asset growth has mainly been financed by a Net Worth increase of 50.77 %. Debt, however, grew with 26.88 %.

 

In 2013 the assets of the company were 21.36 % composed of fixed assets and 78.64 % by current assets. The assets are being financed by an equity of 27.7 %, and total debt of 72.3 %.

 

The total assets of the company increased with 29.23 % between 2011 and 2012. Despite the assets growth, the non current assets decreased with -19.24 %. The asset growth has mainly been financed by a Net Worth increase of 41.38 %. Debt, however, grew with 25.75 %.

 

In 2012 the assets of the company were 9.98 % composed of fixed assets and 90.02 % by current assets. The assets are being financed by an equity of 24.38 %, and total debt of 75.62 %.

 

 

 

 

Analysis

 

Branch (SBI)

Architects, engineers and technical design and consultancy; testing and analysis (71)

Region

Midden-Brabant

 

In the Netherlands 47723 of the companies are registered with the SBI code 71

In the region Midden-Brabant 2168 of the companies are registered with the SBI code 71

In the Netherlands 534 of the bankrupcties are published within this sector

In the region Midden-Brabant 25 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 Midden-Brabant is normal

 

 

Publications

 

Filings

26-11-2014: De jaarrekening over 2013 is gepubliceerd.

14-11-2013: De jaarrekening over 2012 is gepubliceerd.

13-07-2012: De jaarrekening over 2011 is gepubliceerd.

08-04-2011: De jaarrekening over 2010 is gepubliceerd.

 

 

Company structure

 

Relations

2

 

Maxim Holding B.V.

Margrietlaan 5

5263BT VUGHT Netherlands

Registration number: 242214210000

 

•   Interbulk Packaging B.V.

            Margrietlaan 5

5263BT VUGHT

Netherlands

Registration number: 220507590000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.76

UK Pound

1

Rs.97.80

Euro

1

Rs.69.91

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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.