MIRA INFORM REPORT
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Report No. : |
348622 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHMITS INTERNATIONAL B.V. |
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|
|
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Registered Office : |
Bedrijvenpark Twente 48 7602KB
Almelo |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
14.04.1993 |
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Com. Reg. No.: |
06069791 |
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Legal Form : |
Private company |
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Line of Business : |
Manufacture of other chemical
products n.e.c. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Summary
Company name Schmits
International B.V.
Operative address Bedrijvenpark
Twente 48
7602KB Almelo
Netherlands
Legal form Private
company
Registration number KvK-nummer:
06069791
VAT-number 801782181
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
11.578 |
-23,16 |
15.067 |
-21,99 |
19.315 |
|
Total receivables |
382.603 |
-6,46 |
409.012 |
-36,29 |
642.004 |
|
Total equity |
176.918 |
-0,00 |
176.919 |
|
176.919 |
|
Short term liabilities |
270.995 |
-18,62 |
332.983 |
-30,00 |
475.658 |
|
Working capital |
165.340 |
-10,07 |
183.852 |
-9,70 |
203.604 |
|
Quick ratio |
1,61 |
3,87 |
1,55 |
8,39 |
1,43 |
Contact
information
Company name Schmits
International B.V.
Trade names Schmits
International B.V.
Operative address Bedrijvenpark
Twente 48
7602KB Almelo
Netherlands
Correspondence address Bedrijvenpark
Twente 48
7602KB Almelo
Netherlands
Telephone number 0546574060
Fax number 0546575060
Email address info@schmits.nl
Website www.schmits.nl
Registration
Registration number KvK-nummer:
06069791
Branch number 000020550987
VAT-number 801782181
Status Active
First registration company register 1993-04-15
Memorandum 1993-04-14
Establishment date 1993-04-14
Legal form Private
company
Issued placed capital EUR
18.151
Paid up share capital EUR
18.151
Activities
SBI 2059:
Manufacture of other chemical products n.e.c.
Exporter Yes
Importer Yes
Branche organisations VNCI -
Vereniging van de Nederlandse Chemische Industrie
Goal De
produktie en handel in kitten, pasta's en (bouw-)lijmen Het beheren van, het
oprichten van, het deelnemen of het zich op andere wijze financieel
interesseren in en het voeren van de direktie over andere ondernemingen Het
zich sterk maken voor die ondernemingen of derden, waaronder begrepen het zich
als borg of hoofdelijk medeschuldenaar verbinden en het stellen van zekerheid
voor de schulden van derden Het beheren, administreren, exploiteren, verkrijgen
en vervreemden van vermogenswaarden
Relations
Shareholders Schmits
Participatie B.V.
Bedrijvenpark
Twente 48
7602KB
ALMELO
Netherlands
Registration
number: 08155589
Percentage:
100%
Companies on same address Schmits
Nederland B.V.
Registration
number: 06065626
Schmits Participatie B.V.
Registration number: 08155589
Zwibo B.V.
Registration number: 60181648
Management
Active management Schmits
Participatie B.V.
Bedrijvenpark Twente 48
7602KB ALMELO
Netherlands
Registration number: 08155589
Competence: Fully authorized
Function: Manager
Starting date: 2007-01-29
F.P.M. Wienk Frank Paulus
Michael
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2005-03-01
Date of birth: 1967-11-24, Weerselo, NL
Employees
Total according to the Chamber of Commerce 8
Year 2015
2014 2013
2012 2011
Total 8
10 9 10 10
Payments
Description Overeenkomstig
conditie
Key
figures
|
|
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
1,61 |
1,55 |
1,43 |
1,57 |
1,26 |
|
|
|
|
|
|
|
|
Current ratio |
1,61 |
1,55 |
1,43 |
1,57 |
1,29 |
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|
|
|
|
|
|
Working capital/ balance total |
0,37 |
0,35 |
0,29 |
0,36 |
0,22 |
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|
|
|
|
Equity / balance total |
0,39 |
0,33 |
0,25 |
0,26 |
0,15 |
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|
|
|
|
|
|
Equity / Fixed assets |
15,28 |
11,74 |
9,16 |
45,64 |
22,84 |
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|
|
|
|
|
|
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Equity / liabilities |
0,65 |
0,50 |
0,34 |
0,35 |
0,18 |
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|
|
|
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Balance total / liabilities |
1,65 |
1,50 |
1,34 |
1,35 |
1,18 |
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|
|
|
|
|
|
|
Working capital |
165.340 |
183.852 |
203.604 |
243.043 |
263.172 |
|
|
|
|
|
|
|
|
Equity |
176.918 |
176.919 |
176.919 |
176.919 |
176.919 |
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|
|
|
|
|
|
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Mutation equity |
0,00 |
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|
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|
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|
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Mutation short term liabilities |
-18,62 |
-30,00 |
10,82 |
-52,51 |
286,42 |
Summary
The
2014 financial result structure is a postive working captial of 165.340 euro, which
is in agreement with 37 % of the total assets of the company. The working
capital has diminished with -10.07 % compared to previous year. The ratio, with
respect to the total assets of the company has however, increased. The
deterioration between 2013 and 2014 has mainly been caused by a reduction of
the current assets. The current ratio of the company in 2014 was 1.61. A
company with a current ratio between 1.5 and 3.0 generally indicates good
short-term financial strength. The quick ratio in 2014 of the company was 1.61.
A company with a Quick Ratio of more than 1 can currently pay back its current
liabilities. The 2013 financial result structure is a postive working captial
of 183.852 euro, which is in agreement with 35 % of the total assets of the company.
The working capital has diminished with -9.7 % compared to previous year. The
ratio, with respect to the total assets of the company has however, increased.
The deterioration between 2012 and 2013 has mainly been caused by a reduction
of the current assets. The current ratio of the company in 2013 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 2013 of the company was 1.55.
A company with a Quick Ratio of more than 1 can currently pay back its current
liabilities.
Financial
statement
Last annual account 2014
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Schmits
International B.V.
Bedrijvenpark Twente 48
7602KB Almelo
Netherlands
Registration number: 06069791
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End
date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible
fixed assets |
11.578 |
15.067 |
19.315 |
3.876 |
7.747 |
|
Fixed
assets |
11.578 |
15.067 |
19.315 |
3.876 |
7.747 |
|
|
|
|
|
|
|
|
Total
stock |
|
|
|
|
31.745 |
|
Total
receivables |
382.603 |
409.012 |
642.004 |
650.021 |
1.048.188 |
|
Liquid
funds |
53.732 |
107.823 |
37.258 |
22.236 |
86.980 |
|
|
|
|
|
|
|
|
Current
assets |
436.335 |
516.835 |
679.262 |
672.257 |
1.166.913 |
|
Total
assets |
447.913 |
531.902 |
698.577 |
676.133 |
1.174.660 |
|
|
|
|
|
|
|
|
Issued
capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other
reserves |
158.767 |
158.768 |
158.768 |
158.768 |
158.768 |
|
|
|
|
|
|
|
|
Total
reserves |
158.767 |
158.768 |
158.768 |
158.768 |
158.768 |
|
Total
equity |
176.918 |
176.919 |
176.919 |
176.919 |
176.919 |
|
|
|
|
|
|
|
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Long
term interest yielding debt |
|
22.000 |
46.000 |
70.000 |
94.000 |
|
|
|
|
|
|
|
|
Long term
liabilities |
|
22.000 |
46.000 |
70.000 |
94.000 |
|
Short
term liabilities |
270.995 |
332.983 |
475.658 |
429.214 |
903.741 |
|
Total
short and long term liabilities |
270.995 |
354.983 |
521.658 |
499.214 |
997.741 |
|
Total
liabilities |
447.913 |
531.902 |
698.577 |
676.133 |
1.174.660 |
Summary
The
total assets of the company decreased with -15.79 % between 2013 and 2014. This
downturn is mainly retrievable in the fixed asset decrease of -23.16 %. Assets
reduction is being explained by an indebtedness decrease -23.66 % while the Net
Worth remains unchanged. In 2014 the assets of the company were 2.58 % composed
of fixed assets and 97.42 % by current assets. The assets are being financed by
an equity of 39.5 %, and total debt of 60.5%. The total assets of the company
decreased with -23.86 % between 2012 and 2013. This total assets decrease has
been reflected in a reduction of non current assets of -21.99%. Assets
reduction is being explained by an indebtedness decrease -31.95 % while the Net
Worth remains unchanged. In 2013 the assets of the company were 2.83 % composed
of fixed assets and 97.17 % by current assets. The assets are being financed by
an equity of 33.26 %, and total debt of 66.74 %.
Analysis
Branch (SBI) MANUFACTURE
OF CHEMICALS AND CHEMICAL PRODUCTS (SBI code 20)
Region Twente
Summary In the
Netherlands 1365 of the companies are registered with the SBI code 20 In the
region Twente 52 of the companies are registered with the SBI code 20 In the
Netherlands 17 of the bankrupcties are published within this sector In the
region Twente 1 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 Twente is normal
Publications
Deposits
07-08-2015: De jaarrekening over 2014 is gepubliceerd.
05-09-2013:
De jaarrekening over 2012 is gepubliceerd.
05-12-2012:
De jaarrekening over 2011 is gepubliceerd.
07-12-2011: De jaarrekening over 2010 is gepubliceerd.
Company
structure
Relations 4
Company Registration
number
Schmits Participatie B.V. (ALMELO) 08155589
| - - Zwibo B.V. (ALMELO) 60181648
| - - Schmits International B.V. (Almelo) 06069791
| - - Schmits
Nederland B.V. (ALMELO) 06065626
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
UK Pound |
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
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Report
Prepared by : |
TRU |
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.