MIRA INFORM REPORT
|
Report No. : |
324977 |
|
Report Date : |
30.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NESTINOX B.V. |
|
|
|
|
Registered Office : |
Hallenweg 5-6en7 5683ct Best |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.01.1979 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 17065444 |
|
|
|
|
Legal Form : |
Private company with regular structure |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
37 |
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 Nestinox B.V.
Operative
address Hallenweg 5-6EN7
5683CT BEST
Netherlands
Legal
form Private
company with regular structure
Registration
number KvK-nummer: 17065444
VAT-number
007822753
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
179.529 |
-24,83 |
238.842 |
-26,67 |
325.693 |
|
Total receivables |
840.443 |
7,07 |
784.950 |
-33,02 |
1.171.908 |
|
Total equity |
1.886.375 |
17,75 |
1.602.017 |
-4,98 |
1.685.897 |
|
Short term liabilities |
2.052.273 |
-18,41 |
2.515.488 |
-29,87 |
3.586.949 |
|
Net result |
|
100,00 |
-83.880 |
-164,30 |
130.445 |
|
Working capital |
1.732.174 |
24,08 |
1.396.020 |
-0,28 |
1.399.930 |
|
Quick ratio |
0,42 |
31,25 |
0,32 |
-5,88 |
0,34 |
Contact
information
|
Operative address |
Hallenweg 5-6EN7 |
|
|
5683CT BEST |
|
|
Netherlands |
|
|
|
|
Correspondence address |
Postbus 174 |
|
|
5680AD BEST |
|
|
Netherlands |
|
|
|
|
Telephone number |
0499-339000 |
|
Fax number |
0499339099 |
|
|
|
|
Email address |
|
|
Website |
Registration
|
Registration number |
KvK-nummer: 17065444 |
|
Branch number |
000020445075 |
|
VAT-number |
007822753 |
|
|
|
|
Status |
Active |
|
First registration company register |
1989-05-18 |
|
Memorandum |
1989-05-18 |
|
Establishment date |
1979-01-03 |
|
|
|
|
Legal form |
Private company with regular structure |
|
Legal person since |
1989-05-18 |
|
Last proposed admendment |
1994-04-25 |
|
|
|
|
Issued placed capital |
EUR 18.151 |
|
Paid up share capital |
EUR 18.151 |
Activities
|
SBI |
Wholesale of fittings, technical supplies etc.
(46694) Wholesale of hardware (ironware and metal products) (46741) |
|
|
|
|
Exporter |
Yes |
|
Importer |
Yes |
|
|
|
|
Branche organisations |
Vereniging
Machevo en Bulk (Branchevereniging voor de procesindustrie) MDG - Vereniging
Toeleveranciers Metalen Dak- en Gevelmaterialen (branchegroep van Koninklijke
metaalunie) |
|
|
|
|
Goal |
De aan-
en verkoop, im- en export van bevestigingsmaterialen, metaalwaren en
gereedschappen, evenals de be- en verwerking daarvan |
Relations
Shareholders Steegman
Holding B.V.
Hallenweg
5-6,7
5683CT BEST
Netherlands
Registration number: 170855710000
Percentage: 100%
Management
Active
management Steegman Holding B.V.
Hallenweg 5-6,7
5683CT BEST
Netherlands
Registration number: 170855710000
Competence: Fully authorized
Function: Manager
Starting date: 2004-08-18
D.L.A. Steegman (Dennis Leendert Antonie)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2014-01-01
Date of birth: 1974-04-03, Oss, NL
R.L.J. Steegman (Robert Lambertus Jan)
Netherlands
Competence: Jointly authorized
Function: Financieel Manager
Starting date: 2014-01-01
Date of birth: 1967-12-28, Rotterdam, NL
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
37 |
37 |
26 |
37 |
37 |
Payments
Description Overeenkomstig conditie
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,42 |
0,32 |
0,34 |
0,31 |
0,72 |
|
Current ratio |
1,84 |
1,55 |
1,39 |
1,34 |
1,46 |
|
Working capital/ balance total |
0,44 |
0,34 |
0,26 |
0,24 |
0,30 |
|
Equity / balance total |
0,48 |
0,39 |
0,32 |
0,29 |
0,34 |
|
Equity / Fixed assets |
10,51 |
6,71 |
5,18 |
4,62 |
6,74 |
|
Equity / liabilities |
0,91 |
0,63 |
0,46 |
0,41 |
0,52 |
|
Balance total / liabilities |
1,91 |
1,63 |
1,46 |
1,41 |
1,52 |
|
Working capital |
1.732.174 |
1.396.020 |
1.399.930 |
1.251.701 |
1.601.225 |
|
Equity |
1.886.375 |
1.602.017 |
1.685.897 |
1.555.452 |
1.828.370 |
|
Mutation equity |
17,75 |
-4,98 |
8,39 |
-14,93 |
-19,08 |
|
Mutation short term liabilities |
-18,41 |
-29,87 |
-3,71 |
7,75 |
10,54 |
|
Return on total assets (ROA) |
|
-2,19 |
3,10 |
-6,90 |
-10,13 |
|
Return on equity (ROE) |
|
-5,67 |
9,78 |
-23,57 |
-29,53 |
|
Gross margin |
|
2.487.242 |
2.926.692 |
2.913.950 |
2.664.073 |
|
Operating result |
|
-40.499 |
203.147 |
-306.497 |
-476.470 |
|
Net result after taxes |
|
-83.880 |
130.445 |
-272.918 |
-431.148 |
|
Cashflow |
|
29.836 |
243.208 |
-177.508 |
-384.153 |
|
EBIT |
|
-40.499 |
203.147 |
-306.497 |
-476.470 |
|
EBITDA |
|
73.217 |
315.910 |
-211.087 |
-429.475 |
Summary
The 2013 financial result structure is a
postive working captial of 1.732.174 euro, which is in
agreement with 44 % of the total assets of
the company.
The working capital has increased with 24.08
% 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
1.84. 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
0.42. 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 1.396.020 euro, which is in
agreement with 34 % 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
1.55. 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
0.32. 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 Nestinox
B.V.
Hallenweg 5-6EN7
5683CT BEST
Netherlands
Registration number: 170654440000
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 |
179.529 |
238.842 |
325.693 |
336.648 |
271.088 |
|
Fixed
assets |
179.529 |
238.842 |
325.693 |
336.648 |
271.088 |
|
Total stock |
2.915.581 |
3.109.291 |
3.770.932 |
3.838.974 |
2.580.149 |
|
Accounts receivable |
|
612.390 |
888.034 |
930.205 |
807.371 |
|
Other receivables |
|
172.560 |
283.874 |
114.442 |
383.647 |
|
Total receivables |
840.443 |
784.950 |
1.171.908 |
1.044.647 |
1.191.018 |
|
Liquid funds |
28.423 |
17.267 |
44.039 |
93.232 |
1.287.172 |
|
Current assets |
3.784.447 |
3.911.508 |
4.986.879 |
4.976.853 |
5.058.339 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Total assets |
3.963.976 |
4.150.350 |
5.312.572 |
5.313.501 |
5.329.427 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
1.868.224 |
1.667.746 |
1.537.301 |
1.810.219 |
2.241.367 |
|
Non-distributable profit |
|
83.881 |
130.445 |
272.918 |
431.148 |
|
Total reserves |
1.868.224 |
1.835.508 |
1.667.746 |
2.356.055 |
3.103.663 |
|
Total equity |
1.886.375 |
1.602.017 |
1.685.897 |
1.555.452 |
1.828.370 |
|
Provisions |
25.328 |
32.845 |
39.726 |
32.897 |
43.943 |
|
Accounts payable |
|
627.679 |
1.013.409 |
955.014 |
211.709 |
|
Other short term liabilities |
|
1.887.809 |
2.573.540 |
2.770.138 |
3.245.405 |
|
Short term liabilities |
2.052.273 |
2.515.488 |
3.586.949 |
3.725.152 |
3.457.114 |
|
Total short and long term liabilities |
2.077.601 |
2.548.333 |
3.626.675 |
3.758.049 |
3.501.057 |
|
Total liabilities |
3.963.976 |
4.150.350 |
5.312.572 |
5.313.501 |
5.329.427 |
Summary
The total assets of the company decreased with
-4.49 % between 2012 and 2013.
This downturn is mainly retrievable in the
fixed asset decrease of -24.83 %.
The asset reduction is in contrast with the
equity growth of 17.75 %. Due to this the total debt
decreased with -18.47 %.
In 2013 the assets of the company were 4.53 %
composed of fixed assets and 95.47 % by
current assets. The assets are being financed
by an equity of 47.59 %, and total debt of
52.41 %.
The total assets of the company decreased
with -21.88 % between 2011 and 2012.
This downturn is mainly retrievable in the
fixed asset decrease of -26.67 %.
Assets reduction is explained by a Net Worth
decrease of -4.98 %, and an indebtedness
reduction of -29.73 %.
In 2012 the assets of the company were 5.75 %
composed of fixed assets and 94.25 % by
current assets. The assets are being financed
by an equity of 38.6 %, and total debt of 61.4
%.
Profit
and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
2.487.242 |
2.926.692 |
2.913.950 |
2.664.073 |
|
Wages and salaries |
1.370.445 |
1.533.850 |
1.830.851 |
2.061.081 |
|
Amorization and depreciation |
113.716 |
112.763 |
95.410 |
46.995 |
|
other operating costs |
1.043.580 |
1.076.932 |
1.294.186 |
1.032.467 |
|
Operating expenses |
2.527.741 |
2.723.545 |
3.220.447 |
3.140.543 |
|
Operating result |
-40.499 |
203.147 |
-306.497 |
-476.470 |
|
Financial expenses |
|
38.336 |
|
63.386 |
|
Financial result |
-50.262 |
-38.336 |
-60.127 |
-63.386 |
|
Result on ordinary operations before taxes |
-90.761 |
164.811 |
-366.624 |
-539.856 |
|
Taxation on the result of ordinary activities |
-6.881 |
34.366 |
-93.706 |
-108.708 |
|
Result of ordinary activities after taxes |
-83.880 |
130.445 |
-272.918 |
-431.148 |
|
Net result |
-83.880 |
130.445 |
-272.918 |
-431.148 |
Summary
The gross profit of the company decreased by
-15.02 % between 2011 and 2012.
The operating result of the company declined
with -119.94 % 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 -170.65
% of the analysed period, being equal to 2011
% in the year 2012.
The Net Result of the company increased by
-164.3 % between 2011 and 2012.
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
-157.98 % of the analysed period, being -5.67
% 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
Zuid-Oost-Brabant
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Zuid-Oost-Brabant 5034 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 Zuid-Oost-Brabant 97 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 Zuid-Oost-Brabant is
normal
Publications
Filings
16-07-2014: De jaarrekening
over 2013 is gepubliceerd.
28-11-2013: De jaarrekening over 2012 is
gepubliceerd.
15-11-2012: De jaarrekening over 2011 is
gepubliceerd.
12-01-2012: De jaarrekening over 2010 is
gepubliceerd.
08-11-2010: De jaarrekening over 2009 is
gepubliceerd.
Functions
01-05-2014: Per 01-01-2014
is bestuurder Robert Lambertus Jan Steegman in functie
getreden.
01-05-2014: Per 01-01-2014 is bestuurder
Dennis Leendert Antonie Steegman in functie
getreden.
Company
structure
Relations 2
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.