MIRA INFORM REPORT
|
Report No. : |
348192 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENVIGO RMS B.V. |
|
|
|
|
Registered Office : |
Kreuzelweg 53, 5961NM Horst |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.04.1995 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 12036911 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
Subject is engaged in other breeding and farming of animals |
|
|
|
|
No. of Employee : |
105 |
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 |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. 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 underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Company
name
ENVIGO RMS B.V.
Summary
|
Company name |
Envigo RMS B.V. |
|
Operative address |
Kreuzelweg 53 |
|
|
5961NM Horst |
|
|
Netherlands |
|
Legal form |
Besloten Vennootschap |
|
Registration number |
KvK-nummer: 12036911 |
|
VAT-number |
803946600 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
5.074.928 |
-19,49 |
6.303.291 |
-0,05 |
6.306.630 |
|
|
|
|
|
|
|
|
Total receivables |
2.778.713 |
-14,45 |
3.247.906 |
4,22 |
3.116.431 |
|
|
|
|
|
|
|
|
Total equity |
8.532.532 |
-12,17 |
9.714.416 |
9,84 |
8.844.110 |
|
|
|
|
|
|
|
|
Short term
liabilities |
2.146.230 |
-10,18 |
2.389.550 |
-20,62 |
3.010.207 |
|
|
|
|
|
|
|
|
Net result |
318.115 |
-63,45 |
870.306 |
-13,55 |
1.006.707 |
|
|
|
|
|
|
|
|
Working capital |
3.457.604 |
1,36 |
3.411.125 |
34,43 |
2.537.480 |
|
|
|
|
|
|
|
|
Quick ratio |
1,80 |
2,27 |
1,76 |
30,37 |
1,35 |
Contact
information
|
Company name |
Envigo RMS B.V. |
|
Trade names |
Envigo |
|
Operative address |
Kreuzelweg 53 |
|
|
5961NM Horst |
|
|
Netherlands |
|
Correspondence address |
Postbus 553 |
|
|
5800AN Venray |
|
|
Netherlands |
|
Telephone number |
0478578300 |
|
Fax number |
0478571117 |
|
Email address |
secr@envigo.com |
|
Website |
www.envigo.com |
Registration
|
Registration number |
KvK-nummer: 12036911 |
|
Branch number |
000020206003 |
|
VAT-number |
803946600 |
|
Status |
Active |
|
First registration company register |
1995-05-05 |
|
Memorandum |
1995-04-05 |
|
Establishment date |
1995-04-05 |
|
Legal form |
Besloten Vennootschap |
|
Last proposed admendment |
2015-09-16 |
|
Issued placed capital |
EUR 1.350.000 |
|
Paid up share capital |
EUR 1.350.000 |
Activities
|
SBI |
0149: Other breeding and farming of animals |
|
Exporter |
Yes |
|
Importer |
No |
|
Goal |
Primair voor de Nederlandse markt, fokken en doen opgroeien, het verkrijgen
van alsmede |
|
|
het verkopen van diersoorten bestemd om te worden gebruikt voor
wetenschappelijk onderzoek |
Relations
|
Shareholders |
Harlan Laboratories, Inc. |
|
|
8520 Allison Pointe Blvd, Suite 400 Indianapolis IN 46250 United States Percentage: 100% |
|
Shareholders |
Naam: Envigo RMS, Inc. Bezoekadres: 8520 Allison Pointe Blvd, Suite 400, Indianapolis IN
46250, Verenigde Staten van Amerika Ingeschreven in: Secretary of State Indianapolis, Verenigde Staten van
Amerika onder nummer 194344-051 Enig aandeelhouder sedert: 31-12-2002 |
|
Companies on same address |
Personeelsvereniging Harlan Nederland Registration number: 12040048 |
Management
|
Active management |
S.J.J.M.C. Hillen Stephen Josef Johan
Maria Corn Netherlands Competence: Fully authorized Function: Manager Starting date: 2011-03-28 Date of birth: 1958-02-27, Woluwe-Saint-Lambert, BE R. Wit Ronald Netherlands Competence: Limited authorization Function: Proxy Starting date: 2011-08-15 Date of birth: 1966-02-17, Heerlen, NL A.A.W.M. van Loon Adriaan Antonius
Wilhelmus Mar Netherlands Competence: Limited authorization Function: Proxy Starting date: 2014-09-08 Date of birth: 1963-02-10, Boxmeer, NL |
Employees
|
Total according to the Chamber of Commerce |
105 |
|
|
|
|
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
105 |
127 |
136 |
152 |
105 |
Payments
Slow but correct
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
1,80 |
1,76 |
1,35 |
1,82 |
3,13 |
|
Current ratio |
2,61 |
2,43 |
1,84 |
2,24 |
3,48 |
|
Working capital/ balance
total |
0,32 |
0,28 |
0,21 |
0,20 |
0,41 |
|
Equity / balance
total |
0,80 |
0,80 |
0,75 |
0,84 |
0,83 |
|
Equity / Fixed
assets |
1,68 |
1,54 |
1,40 |
1,31 |
1,96 |
|
Equity / liabilities |
3,98 |
4,07 |
2,94 |
5,30 |
4,98 |
|
Balance total /
liabilities |
4,98 |
5,07 |
3,94 |
6,30 |
5,98 |
|
Working capital |
3.457.604 |
3.411.125 |
2.537.480 |
3.946.362 |
6.943.128 |
|
Equity |
8.532.532 |
9.714.416 |
8.844.110 |
16.837.403 |
14.093.526 |
|
Mutation equity |
-12,17 |
9,84 |
-47,47 |
19,47 |
21,24 |
|
Mutation short term
liabilities |
-10,18 |
-20,62 |
-5,21 |
13,27 |
-48,37 |
|
Return on total
assets (ROA) |
3,87 |
7,42 |
11,56 |
18,34 |
20,40 |
|
Return on equity
(ROE) |
4,85 |
9,25 |
15,50 |
21,80 |
24,49 |
|
Gross margin |
3.540.181 |
3.878.729 |
5.505.468 |
6.125.974 |
6.307.485 |
|
Operating result |
347.970 |
997.166 |
1.350.044 |
2.845.589 |
3.237.465 |
|
Net result after
taxes |
318.115 |
870.306 |
1.006.707 |
2.743.877 |
2.468.914 |
|
Cashflow |
1.016.867 |
|
|
|
|
|
EBIT |
347.970 |
997.166 |
1.350.044 |
2.845.589 |
3.237.465 |
|
EBITDA |
1.046.722 |
|
|
|
|
Summary
The 2013 financial result structure is a postive working captial of 3.457.604
euro, which is in agreement with 32 % of the total assets of the company.
The working capital has increased with 1.36 % 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 2.61. 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 1.8. 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
3.411.125 euro, which is in agreement with 28 % of the total assets of the
company.
The working capital has increased with 34.43 % 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 2.43. 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 1.76. 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 |
Envigo RMS B.V. Kreuzelweg 53 5961NM Horst Netherlands Registration number: 12036911 |
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 |
923.033 |
1.135.587 |
1.602.485 |
1.855.139 |
2.107.793 |
|
Tangible fixed assets |
4.110.059 |
4.240.880 |
4.704.145 |
4.965.127 |
5.068.322 |
|
Financial fixed assets |
41.836 |
926.824 |
|
6.070.775 |
|
|
Fixed assets |
5.074.928 |
6.303.291 |
6.306.630 |
12.891.041 |
7.176.115 |
|
Total stock |
1.745.953 |
1.586.189 |
1.473.436 |
1.354.370 |
967.835 |
|
Accounts receivable |
1.081.263 |
1.319.063 |
1.473.848 |
1.175.534 |
1.339.984 |
|
Other receivables |
1.697.450 |
1.928.843 |
1.642.583 |
2.006.042 |
5.839.412 |
|
Total receivables |
2.778.713 |
3.247.906 |
3.116.431 |
3.181.576 |
7.179.396 |
|
Liquid funds |
1.079.168 |
966.580 |
957.820 |
2.585.988 |
1.599.477 |
|
Current assets |
5.603.834 |
5.800.675 |
5.547.687 |
7.121.934 |
9.746.708 |
|
Total assets |
10.678.762 |
12.103.966 |
11.854.317 |
20.012.975 |
16.922.823 |
|
Issued capital |
1.361.341 |
1.361.341 |
1.361.341 |
1.361.341 |
1.361.341 |
|
Share premium reserve |
4.707.970 |
4.707.970 |
4.707.970 |
4.707.970 |
4.707.970 |
|
Other reserves |
2.145.106 |
2.774.799 |
1.768.092 |
8.024.215 |
5.555.301 |
|
Non-distributable profit |
318.115 |
870.306 |
1.006.707 |
2.743.877 |
2.468.914 |
|
Total reserves |
7.171.191 |
8.353.075 |
7.482.769 |
15.476.062 |
12.732.185 |
|
Total equity |
8.532.532 |
9.714.416 |
8.844.110 |
16.837.403 |
14.093.526 |
|
Long term interest
yielding debt |
|
|
|
|
25.717 |
|
Long term liabilities |
|
|
|
|
25.717 |
|
Accounts payable |
1.063.488 |
982.428 |
1.189.155 |
1.422.725 |
966.967 |
|
Other short term
liabilities |
1.082.742 |
1.407.122 |
1.821.052 |
1.752.847 |
1.836.613 |
|
Short term liabilities |
2.146.230 |
2.389.550 |
3.010.207 |
3.175.572 |
2.803.580 |
|
Total short and
long term liabilities |
2.146.230 |
2.389.550 |
3.010.207 |
3.175.572 |
2.829.297 |
|
Total liabilities |
10.678.762 |
12.103.966 |
11.854.317 |
20.012.975 |
16.922.823 |
Summary
The total assets of the company decreased with -11.77 % between 2012 and
2013.
This downturn is mainly retrievable in the fixed asset decrease of
-19.49 %. Assets reduction is explained by a Net Worth decrease of -12.17 %,
and an indebtedness reduction of -10.18 %.
In 2013 the assets of the company were 47.52 % composed of fixed assets
and 52.48 % by current assets. The assets are being financed by an equity of
79.9 %, and total debt of 20.1 %.
The total assets of the company increased with 2.11 % between 2011 and
2012. The total assets are entirely composed of current assets.
The assets growth has been financed by a Net Worth increase of 9.84 %.
The company's net increase has also covered a reduction of -20.62 % of the
company's indebtedness. In 2012 the assets of the company were 52.08 % composed
of fixed assets and 47.92 % by current assets. The assets are being financed by
an equity of 80.26 %, and total debt of 19.74 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
3.540.181 |
3.878.729 |
5.505.468 |
6.125.974 |
6.307.485 |
|
Amorization and depreciation |
698.752 |
|
|
|
|
|
Sales |
|
2.881.563 |
4.155.424 |
3.280.385 |
3.070.020 |
|
other operating costs |
2.493.459 |
|
|
|
|
|
Operating expenses |
3.192.211 |
2.881.563 |
4.155.424 |
3.280.385 |
3.070.020 |
|
Result in subsidiaries |
|
|
|
17.001 |
72.000 |
|
Operating result |
347.970 |
997.166 |
1.350.044 |
2.845.589 |
3.237.465 |
|
Financial income |
97.195 |
44.712 |
293.596 |
814.200 |
144.136 |
|
Financial expenses |
31.528 |
143.206 |
272.945 |
6.010 |
1.932 |
|
Financial result |
65.667 |
-98.494 |
20.651 |
808.190 |
142.204 |
|
Result on ordinary
operations before taxes |
413.637 |
898.672 |
1.370.695 |
3.670.780 |
3.451.669 |
|
Taxation on the
result of ordinary
activities |
95.522 |
28.366 |
363.988 |
926.903 |
982.755 |
|
Result of ordinary
activities after taxes |
318.115 |
870.306 |
1.006.707 |
2.743.877 |
2.468.914 |
|
Net result |
318.115 |
870.306 |
1.006.707 |
2.743.877 |
2.468.914 |
Summary
The gross profit of the company decreased by -8.73 % between 2012 and
2013.
The operating result of the company declined with -65.1 % 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 -47.84 % of the analysed period, being equal to 3.87
in the year 2013.
The Net Result of the company decreased by -63.45 % 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 -47.57 % of the analysed period,
being 4.85 in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
The gross profit of the company decreased by -29.55 % between 2011 and
2012. The operating result of the company declined with -26.14 % 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 -35.81 % of the analysed period, being equal to 7.42
in the year 2012.
The Net Result of the company decreased by -13.55 % 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 -40.32 % of the analysed period,
being 9.25 in the year 2012.
The company's financial profitability has been positively affected by its
financial structure.
Analysis
|
Branch (SBI) |
AGRICULTURE (SBI code 01) |
|
Region |
Limburg |
|
Summary |
In the Netherlands 74409 of the companies are registered with the SBI
code 01 In the region Limburg 4921 of the companies are registered with the
SBI code 01 In the Netherlands 350 of the bankrupcties are published within this
sector In the region Limburg 39 of the bankruptcies are published within this
sector The risk of this specific sector in the Netherlands is Low The risk of this specific sector in the region Limburg is Low |
Publications
|
Deposits |
18-08-2014: De jaarrekening over 2013 is gepubliceerd. |
|
|
12-07-2013: De jaarrekening over 2012 is gepubliceerd. 04-07-2012: De jaarrekening over 2011 is gepubliceerd. 17-06-2011: De jaarrekening over 2010 is gepubliceerd. 12-11-2010: De jaarrekening over 2009 is gepubliceerd. |
|
|
|
|
Functions |
18-11-2014: Per 08-09-2014 is gevolmachtigde Adriaan Antonius Wilhelmus Maria van Loon in functie getreden. 18-11-2014: Per 07-08-2014 is gevolmachtigde Robbert Otten uit functie getreden. 12-11-2012: Per 08-11-2012 is gevolmachtigde Paul Brugman uit functie getreden. |
|
Amendments |
21-09-2015: Per 16-9-2015 statuten gewijzigd. Per 16-9-2015 naam gewijzigd in: Envigo RMS B.V.. |
Company
structure
|
Relations |
2 |
|
Company |
Registration number |
|
Harlan Laboratories, Inc.
(Indianapolis IN 46250) |
|
|
| - -
Envigo RMS B.V.
(Horst) |
12036911 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.48 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.