|
Report No. : |
350024 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
YME KUIPER B.V. |
|
|
|
|
Registered Office : |
Businesspark Friesland-W 9 8447sl Heerenveen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
10.07.1995 |
|
|
|
|
Com. Reg. No.: |
01072169 |
|
|
|
|
Legal Form : |
Private company with regular structure |
|
|
|
|
Line of Business : |
Wholesale of bakery raw materials |
|
|
|
|
No. of Employee : |
Not Available |
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLAND - 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 |
YME KUIPER B.V. |
|
Operative address |
Businesspark Friesland-W 9 |
|
|
8447SL HEERENVEEN |
|
|
Netherlands |
|
Risk |
Average risk |
|
Status |
Active |
|
Legal form |
Private company with regular structure |
|
Registration number |
KvK-nummer: 01072169 |
|
VAT-number |
804013196 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
1.446.291 |
|
1.258.174 |
|
1.427.662 |
|
|
|
14,95 |
|
-11,87 |
|
|
Total receivables |
7.406.714 |
|
5.782.300 |
|
6.839.775 |
|
|
|
28,09 |
|
-15,46 |
|
|
Total equity |
1.999.923 |
|
1.470.848 |
|
1.817.769 |
|
|
|
35,97 |
|
-19,08 |
|
|
Short term liabilities |
11.353.185 |
|
9.019.770 |
|
10.146.455 |
|
|
|
25,87 |
|
-11,10 |
|
|
Net result |
529.075 |
|
-346.921 |
|
294.541 |
|
|
|
252,51 |
|
-217,78 |
|
|
Working capital |
1.713.777 |
|
1.054.921 |
|
1.441.839 |
|
|
|
62,46 |
|
-26,84 |
|
|
Quick ratio |
0,71 |
|
0,71 |
-8,97 |
0,78 |
|
Company name |
Yme Kuiper B.V. |
|
Trade names |
Yme Kuiper B.V. |
|
Operative address |
Businesspark Friesland-W 9 8447SL HEERENVEEN Netherlands |
|
Correspondence address |
Postbus 259 |
|
|
8440AG HEERENVEEN |
|
|
Netherlands |
|
Telephone number |
0513-617010 |
|
Registration number |
01072169 |
|
Branch number |
000019916418 |
|
VAT-number |
804013196 |
|
Status |
Active |
|
First registration company register |
1995-07-10 |
|
Memorandum |
1995-07-10 |
|
Establishment date |
1995-07-10 |
|
Legal form |
Private company with regular structure |
|
Last proposed admendment |
2006-01-03 |
|
Issued placed capital |
EUR 18.000 |
|
Paid up share capital |
EUR 18.000 |
|
SBI |
46384: Wholesale of bakery raw materials |
|
Exporter |
No |
|
Importer |
Yes |
|
Goal |
Import van en groothandel in bakkerijgrondstoffen. |
Shareholders Qpr
Holding B.V.
Businesspark
Friesland-West 9 8447SL Heerenveen
Netherlands
Registration
number: 01072168 Percentage: 100%
Companies on same
address De Notelaer Heerenveen B.V.
Registration number: 01072170
Kuiper Meel B.V.
Registration number: 01013169
Active management Qpr
Holding B.V.
Businesspark Friesland-West 9 8447SL
Heerenveen
Netherlands
Registration number: 01072168
Competence: Fully authorized
Function: Manager
Starting date: 1995-07-10
I.B. Kuiper IJme Berend
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2013-03-13
Date of birth: 1960-06-30, Heerenveen, NL
H.W. Kuiper Hendrik Willem
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2013-06-18
Date of birth: 1964-12-26, Heerenveen, NL
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
NA |
NA |
42 |
40 |
31 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,71 |
0,71 |
0,78 |
0,92 |
0,79 |
|
Current ratio |
1,15 |
1,12 |
1,14 |
1,23 |
1,14 |
|
Working capital/ balance
total |
0,12 |
0,09 |
0,11 |
0,17 |
0,11 |
|
Equity / balance
total |
0,14 |
0,13 |
0,14 |
0,06 |
0,02 |
|
Equity / Fixed
assets |
1,38 |
1,17 |
1,27 |
0,82 |
0,24 |
|
Equity / liabilities |
0,16 |
0,15 |
0,16 |
0,06 |
0,02 |
|
Balance total /
liabilities |
1,16 |
1,15 |
1,16 |
1,06 |
1,02 |
|
Working capital |
1.713.777 |
1.054.921 |
1.441.839 |
1.873.300 |
789.760 |
|
Equity |
1.999.923 |
1.470.848 |
1.817.769 |
656.228 |
142.751 |
|
Mutation equity |
35,97 |
-19,08 |
177,00 |
359,70 |
143,89 |
|
Mutation short term
liabilities |
25,87 |
-11,10 |
22,05 |
49,64 |
-14,35 |
|
Return on total
assets (ROA) |
4,70 |
-4,09 |
3,01 |
6,01 |
6,12 |
|
Return on equity
(ROE) |
34,13 |
-31,50 |
21,56 |
100,56 |
297,37 |
|
Gross margin |
6.595.650 |
4.671.831 |
4.980.580 |
3.046.909 |
2.863.292 |
|
Operating result |
1.067.040 |
-100.400 |
781.067 |
862.305 |
644.669 |
|
Net result after
taxes |
529.075 |
-346.921 |
294.541 |
513.477 |
335.713 |
|
Cashflow |
915.370 |
32.503 |
556.285 |
672.400 |
507.920 |
|
EBIT |
1.067.040 |
-100.400 |
781.067 |
862.305 |
644.669 |
|
EBITDA |
1.453.335 |
279.024 |
1.042.811 |
1.021.228 |
816.876 |
Summary The
2013 financial result structure is a postive working captial of 1.713.777 euro,
which is in agreement with 12 % of the total assets of the company.
The working capital has increased with 62.46
% 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
1.15. 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
0.71. 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 1.054.921 euro, which is in agreement with 9 % of
the total assets of the company.
The working capital has diminished with
-26.84 % compared to previous year. The ratio, with respect to the total assets
of the company has however, declined.
The deterioration between 2011 and 2012 has
mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2012 was
1.12. 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
0.71. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
|
Last annual account |
2013 |
|
Remark annual account |
There is no financial data published |
|
Type of annual account |
Corporate |
|
Annual account |
Yme Kuiper B.V. |
Businesspark
Friesland-W 9 8447SL HEERENVEEN Netherlands
Registration
number: 01072169
|
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 |
|
1.446.291 |
1.258.174 |
1.427.662 |
801.247 |
592.117 |
|
Fixed assets |
|
1.446.291 |
1.258.174 |
1.427.662 |
801.247 |
592.117 |
|
Total stock |
|
4.961.737 |
3.708.340 |
3.627.540 |
2.577.035 |
1.961.487 |
|
Total receivables |
|
7.406.714 |
5.782.300 |
6.839.775 |
6.690.206 |
4.006.633 |
|
Liquid funds |
|
698.511 |
584.051 |
1.120.979 |
919.078 |
376.917 |
|
Current assets |
|
13.066.962 |
10.074.691 |
11.588.294 |
10.186.319 |
6.345.037 |
|
Total assets |
|
14.513.253 |
11.332.865 |
13.015.956 |
10.987.566 |
6.937.154 |
|
Issued capital |
|
18.000 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Share premium reserve |
|
867.151 |
867.000 |
867.000 |
|
|
|
Other reserves |
|
585.697 |
932.618 |
638.077 |
124.600 |
-211.113 |
|
Non-distributable profit |
|
529.075 |
-346.921 |
294.541 |
513.477 |
335.713 |
|
Total reserves |
|
1.981.923 |
1.452.697 |
1.799.618 |
638.077 |
124.600 |
|
Total equity |
|
1.999.923 |
1.470.848 |
1.817.769 |
656.228 |
142.751 |
|
Provisions |
|
222.410 |
66.962 |
183.398 |
57.393 |
|
|
Long term interest
yielding debt |
|
937.735 |
775.285 |
868.334 |
1.960.926 |
1.239.126 |
|
Long term liabilities |
|
937.735 |
775.285 |
868.334 |
1.960.926 |
1.239.126 |
|
Short term liabilities |
|
11.353.185 |
9.019.770 |
10.146.455 |
8.313.019 |
5.555.277 |
|
Total short and
long term liabilities |
|
12.513.330 |
9.862.017 |
11.198.187 |
10.331.338 |
6.794.403 |
|
Total liabilities |
|
14.513.253 |
11.332.865 |
13.015.956 |
10.987.566 |
6.937.154 |
Summary The total
assets of the company increased with 28.06 % between 2012 and 2013.
The fixed asset growth of 14.95 % is lower
than the total asset growth. The asset growth has mainly been financed by a Net
Worth increase of 35.97 %. Debt, however, grew with 26.88 %.
In 2013 the assets of the company were 9.97
% composed of fixed assets and 90.03 % by current assets. The assets are being
financed by an equity of 13.78 %, and total debt of 86.22 %.
The total assets of the company decreased
with -12.93 % between 2011 and 2012. This total assets decrease has been
reflected in a reduction of non current assets of -11.87 %.
Assets reduction is explained by a Net Worth
decrease of -19.08 %, and an indebtedness reduction of -11.93 %.
In 2012 the assets of the company were 11.1
% composed of fixed assets and 88.9 % by current assets. The assets are being
financed by an equity of 12.98 %, and total debt of 87.02 %.
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross margin |
6.595.650 |
4.671.831 |
4.980.580 |
3.046.909 |
2.863.292 |
|
Wages and salaries |
1.396.673 |
1.423.138 |
1.245.521 |
938.279 |
775.953 |
|
Amorization and depreciation |
386.295 |
379.424 |
261.744 |
158.923 |
172.207 |
|
other operating costs |
3.745.642 |
2.969.669 |
2.692.248 |
1.087.402 |
1.270.463 |
|
Operating expenses |
5.528.610 |
4.772.231 |
4.199.513 |
2.184.604 |
2.218.623 |
|
Operating result |
1.067.040 |
-100.400 |
781.067 |
862.305 |
644.669 |
|
Financial income |
|
|
|
5.194 |
7.841 |
|
Financial expenses |
384.496 |
362.957 |
389.143 |
207.607 |
228.016 |
|
Financial result |
-384.496 |
-362.957 |
-389.143 |
-202.413 |
-220.175 |
|
Result on ordinary
operations before taxes |
682.544 |
-463.357 |
391.924 |
659.892 |
424.494 |
|
Taxation on the
result of ordinary
activities |
153.469 |
-116.436 |
97.383 |
146.415 |
88.781 |
|
Result of ordinary
activities after taxes |
529.075 |
-346.921 |
294.541 |
513.477 |
335.713 |
|
Net result |
529.075 |
-346.921 |
294.541 |
513.477 |
335.713 |
Summary The gross profit
of the company grew with 41.18 % between 2012 and 2013.
The operating result of the company grew
with 1162.79 % 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 214.91 % of the analysed period,
being equal to 4.7 in the year 2013.
The Net Result of the company increased by
252.51 % between 2012 and 2013. 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
208.35 % of the analysed period, being 34.13 in the year 2013.
The company's financial structure has slowed
down its financial profitability.
The gross profit of the company decreased by
-6.2 % between 2011 and 2012. The operating result of the company declined with
-112.85 % 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 -235.88 % of the analysed period, being
equal to -4.09 in the year 2012.
The Net Result of the company decreased by
-217.78 % 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 -246.1 % of the
analysed period, being -31.5 in the year 2012.
The company's financial profitability has
been positively affected by its financial structure.
|
Branch (SBI) |
Wholesale trade (no motor vehicles and motorcycles) (SBI code 46) |
|
Region |
Friesland |
|
Summary |
In the Netherlands 109662 of the companies are registered with the SBI
code 46 |
In the region Friesland 3361 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 Friesland 74 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 Friesland is normal
Deposits 07-01-2015:
De jaarrekening over 2013 is gepubliceerd.
13-02-2014: De jaarrekening over 2012 is
gepubliceerd.
11-02-2013: De jaarrekening over 2011 is
gepubliceerd.
21-12-2011: De jaarrekening over 2010 is
gepubliceerd.
12-04-2011: De jaarrekening over 2008 is
gepubliceerd.
12-04-2011: De jaarrekening over 2009 is
gepubliceerd.
Functions 19-06-2013: Per 18-06-2013 is
gevolmachtigde Hendrik Willem Kuiper in functie getreden.
14-03-2013: Per 13-03-2013 is gevolmachtigde IJme
Berend Kuiper in functie getreden.
|
Company structure |
|
|
Relations |
3 |
Qpr Holding B.V.
(Heerenveen)
| - -
De Notelaer Heerenveen
B.V. (HEERENVEEN)
| - -
Yme Kuiper B.V.
(HEERENVEEN)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.