MIRA INFORM REPORT
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Report No. : |
349290 |
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Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAFA TRADING B.V. |
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Registered Office : |
Den Engelsman 18 6026RB Maarheeze |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
11.03.1977 |
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Com. Reg. No.: |
17075593 |
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Legal Form : |
Private company with regular structure |
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Line of Business : |
Wholesale of hardware (ironware and metal products) |
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No. of Employees : |
40 |
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 : |
No Complaints |
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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 Stafa
Trading B.V.
Operative address Den
Engelsman 18
6026RB MAARHEEZE
Netherlands
Legal form Private
company with regular structure
Registration number KvK-nummer:
17075593
VAT-number 800966041
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
228.441 |
0,22 |
227.938 |
3,69 |
219.816 |
|
Total receivables |
1.804.454 |
4,99 |
1.718.610 |
17,46 |
1.463.093 |
|
Total equity |
1.060.971 |
172,89 |
388.786 |
-56,43 |
892.230 |
|
Short term liabilities |
7.094.029 |
7,29 |
6.611.981 |
17,19 |
5.641.970 |
|
Net result |
672.185 |
19.617,57 |
-3.444 |
-100,58 |
589.370 |
|
Working capital |
1.441.470 |
46,39 |
984.708 |
-42,45 |
1.711.194 |
|
Quick ratio |
0,25 |
-10,71 |
0,28 |
7,69 |
0,26 |
Contact
information
Company name Stafa
Trading B.V.
Trade names Stafa
Trading B.V.
Operative address Den
Engelsman 18
6026RB MAARHEEZE
Netherlands
Correspondence address Den
Engelsman 18
6026RB MAARHEEZE
Netherlands
Telephone number 0495-599888
Fax number 0495599876
Email address info@stafa.nl
Website www.stafa.nl
Registration
Registration number KvK-nummer:
17075593
Branch number 000017959152
VAT-number 800966041
Status Active
First registration company register 1992-05-22
Memorandum 1992-05-22
Establishment date 1977-03-11
Legal form Private
company with regular structure
Legal person since 1992-05-22
Last proposed admendment 2012-02-28
Issued placed capital EUR
20.720
Paid up share capital EUR
20.720
Activities
SBI 46741:
Wholesale of hardware (ironware and metal products)
Exporter Yes
Importer Yes
Goal Het importeren,
exporteren, de groothandel in, en het hebben van agenturen in alle voorkomende
bevestigingsmaterialen en gereedschappen, alsmede de groothandel in
werkhandschoenen
Relations
Shareholders JIG
Holding B.V.
Den Engelsman 18
6026RB Maarheeze
Netherlands
Registration number: 17191017
Percentage: 100%
Companies on same address Stafa
Direct B.V.
Registration
number: 17145161
JIG Holding B.V.
Registration number: 17191017
Management
Active management JIG
Holding B.V.
Den Engelsman 18
6026RB Maarheeze
Netherlands
Registration number: 17191017
Competence: Fully authorized
Function: Manager
Starting date: 2006-09-29
Employees
Year 2015
2014 2013 2012 2011
Total 40
41 37 34 32
Payments
Description Overeenkomstig
conditie
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,25 |
0,28 |
0,26 |
0,24 |
0,32 |
|
|
|
|
|
|
|
|
Current ratio |
1,20 |
1,15 |
1,30 |
1,16 |
1,21 |
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|
|
|
|
|
|
|
|
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Working capital/ balance total |
0,16 |
0,13 |
0,23 |
0,13 |
0,16 |
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|
|
|
|
|
Equity / balance total |
0,12 |
0,05 |
0,12 |
0,16 |
0,20 |
|
|
|
|
|
|
|
|
Equity / Fixed assets |
4,64 |
1,71 |
4,06 |
4,30 |
3,26 |
|
|
|
|
|
|
|
|
Equity / liabilities |
0,14 |
0,05 |
0,13 |
0,19 |
0,26 |
|
|
|
|
|
|
|
|
Balance total / liabilities |
1,14 |
1,05 |
1,13 |
1,19 |
1,26 |
|
|
|
|
|
|
|
|
Working capital |
1.441.470 |
984.708 |
1.711.194 |
1.079.852 |
1.131.048 |
|
|
|
|
|
|
|
|
Equity |
1.060.971 |
388.786 |
892.230 |
1.302.860 |
1.401.217 |
|
|
|
|
|
|
|
|
Mutation equity |
172,89 |
-56,43 |
-31,52 |
-7,02 |
237,43 |
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|
|
|
|
|
|
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Mutation short term liabilities |
7,29 |
17,19 |
-15,98 |
26,56 |
-5,09 |
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|
|
|
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|
Return on total assets (ROA) |
10,34 |
7,79 |
10,25 |
14,71 |
19,02 |
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Return on equity (ROE) |
85,42 |
156,73 |
86,98 |
91,41 |
93,18 |
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Gross margin |
4.291.484 |
3.957.377 |
3.922.602 |
4.000.589 |
3.966.030 |
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|
|
|
|
|
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Operating result |
1.102.878 |
755.185 |
926.119 |
1.344.944 |
1.460.450 |
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|
|
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|
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Net result after taxes |
672.185 |
-3.444 |
589.370 |
901.643 |
985.957 |
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|
|
|
|
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Cashflow |
746.258 |
107.348 |
717.695 |
1.045.282 |
1.174.849 |
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|
|
|
|
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EBIT |
1.102.878 |
755.185 |
926.119 |
1.344.944 |
1.460.450 |
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|
|
|
|
|
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EBITDA |
1.176.951 |
865.977 |
1.054.444 |
1.488.583 |
1.649.342 |
Summary
The
2014 financial result structure is a postive working captial of 1.441.470 euro,
which is in agreement with 16 % of the total assets of the company. The working
capital has increased with 46.39 % compared to previous year. The ratio, with
respect to the total assets of the company has however, increased. The
improvement between 2013 and 2014 has mainly been caused by an increase of the
current assets. The current ratio of the company in 2014 was 1.2. When the current
ratio is below 1.5, the company may have problems meeting its short-term
obligations. The quick ratio in 2014 of the company was 0.25. A company with a
Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2013 financial result structure is a postive working captial of 984.708
euro, which is in agreement with 13 % of the total assets of the company. The
working capital has diminished with -42.45 % 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 1.15.
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 0.28. A
company with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities.
Financial
statement
Last annual account 2014
Remark annual account There
is no financial data published
Type of annual account Corporate
Annual account Stafa
Trading B.V.
Den Engelsman 18
6026RB MAARHEEZE
Netherlands
Registration number: 17075593
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 |
228.441 |
227.938 |
219.816 |
302.896 |
429.547 |
|
Fixed assets |
228.441 |
227.938 |
219.816 |
302.896 |
429.547 |
|
|
|
|
|
|
|
|
Total stock |
6.730.698 |
5.769.303 |
5.888.333 |
6.160.783 |
4.719.615 |
|
Total receivables |
1.804.454 |
1.718.610 |
1.463.093 |
1.619.533 |
1.715.266 |
|
Liquid funds |
347 |
108.776 |
1.738 |
14.670 |
1.950 |
|
|
|
|
|
|
|
|
Current assets |
8.535.499 |
7.596.689 |
7.353.164 |
7.794.986 |
6.436.831 |
|
Total assets |
8.763.940 |
7.824.627 |
7.572.980 |
8.097.882 |
6.866.378 |
|
|
|
|
|
|
|
|
Issued capital |
18.805 |
18.805 |
18.805 |
18.805 |
18.805 |
|
Other reserves |
1.042.166 |
369.981 |
873.425 |
1.284.055 |
1.382.412 |
|
|
|
|
|
|
|
|
Total reserves |
1.042.166 |
369.981 |
873.425 |
1.284.055 |
1.382.412 |
|
Total equity |
1.060.971 |
388.786 |
892.230 |
1.302.860 |
1.401.217 |
|
|
|
|
|
|
|
|
Long term interest yielding debt |
608.940 |
823.860 |
1.038.780 |
79.888 |
159.378 |
|
|
|
|
|
|
|
|
Long term liabilities |
608.940 |
823.860 |
1.038.780 |
79.888 |
159.378 |
|
Short term liabilities |
7.094.029 |
6.611.981 |
5.641.970 |
6.715.134 |
5.305.783 |
|
Total short and long term liabilities |
7.702.969 |
7.435.841 |
6.680.750 |
6.795.022 |
5.465.161 |
|
Total liabilities |
8.763.940 |
7.824.627 |
7.572.980 |
8.097.882 |
6.866.378 |
Summary
The
total assets of the company increased with 12 % between 2013 and 2014. The
total assets are entirely composed of current assets. The asset growth has
mainly been financed by a Net Worth increase of 172.89 %. Debt, however, grew with
3.59 %. In 2014 the assets of the company were 2.61 % composed of fixed assets
and 97.39 % by current assets. The assets are being financed by an equity of
12.11 %, and total debt of 87.89 %.
The
total assets of the company increased with 3.32 % between 2012 and 2013. The
total asset increase is retrievable in the fixed asset growth of 3.69 %. Asset
growth is in contrasts with the net worth decline of -56.43 %. The company's
indebtedness has, therefore, increased with 11.3 %. In 2013 the assets of the
company were 2.91% composed of fixed assets and 97.09 % by current assets. The
assets are being financed by an equity of 4.97 %, and total debt of 95.03 %.
Profit
and loss
|
Year |
|
2014 |
2013 |
2012 |
2011 |
2010 |
|
Gross margin |
4.291.484 |
3.957.377 |
3.922.602 |
4.000.589 |
3.966.030 |
|
|
|
|
|
|
|
|
|
|
Wages and salaries |
1.846.649 |
1.785.213 |
1.626.271 |
1.508.336 |
1.309.557 |
|
|
|
|
|
|
|
|
|
|
Amorization and depreciation |
74.073 |
110.792 |
128.325 |
143.639 |
188.892 |
|
|
|
|
|
|
|
|
|
|
other operating costs |
1.267.884 |
1.306.187 |
1.241.887 |
1.003.670 |
1.007.131 |
|
|
|
|
|
|
|
|
|
|
Operating expenses |
3.188.606 |
3.202.192 |
2.996.483 |
2.655.645 |
2.505.580 |
|
|
|
|
|
|
|
|
|
|
Operating result |
1.102.878 |
755.185 |
926.119 |
1.344.944 |
1.460.450 |
|
|
|
|
|
|
|
|
|
|
Financial expenses |
|
|
150.027 |
153.966 |
154.786 |
|
|
|
|
|
|
|
|
|
|
Financial result |
-196.647 |
-145.857 |
-150.027 |
-153.966 |
-154.786 |
|
|
|
|
|
|
|
|
|
|
Result on ordinary operations before taxes |
906.231 |
609.328 |
776.092 |
1.190.978 |
1.305.664 |
|
|
|
|
|
|
|
|
|
|
Taxation on the result
of ordinary activities |
213.287 |
-2.883 |
186.722 |
289.852 |
321.429 |
|
|
|
|
|
|
|
|
|
|
Result
of ordinary activities after taxes |
692.944 |
612.211 |
589.370 |
901.126 |
984.235 |
|
|
|
|
|
|
|
|
|
|
Extraordinary income |
1.435 |
2.956 |
|
517 |
1.722 |
|
|
|
|
|
|
|
|
|
|
Extraordinary expense |
22.194 |
618.611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary result after taxation |
-20.759 |
-615.655 |
|
517 |
1.722 |
|
|
|
|
|
|
|
|
|
|
Net result |
672.185 |
-3.444 |
589.370 |
901.643 |
985.957 |
|
Summary
The
gross profit of the company grew with 8.44 % between 2013 and 2014. The operating
result of the company grew with 46.04 % between 2013 and 2014. 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 32.73 %
of the analysed period, being equal to 10.34 in the year 2014. The Net Result
of the company increased by 19617.57 % between 2013 and 2014. 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 -45.5 % of the analysed period, being 85.42 in
the year 2014. The company's financial profitability has been positively
affected by its financial structure. The gross profit of the company has
remained the same between 2012 and 2013. The operating result of the company
declined with -18.46 % 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 -24 % of the analysed
period, being equal to 7.79 in the year 2013. The Net Result of the company
decreased by -100.58 % 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 80.19 % of the analysed period, being 156.73 in the
year 2013. The company's financial structure has slowed down its financial
profitability.
Analysis
Branch (SBI) Wholesale
trade (no motor vehicles and motorcycles) (SBI code 46)
Region Zuid-Oost-Brabant
Summary 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
Deposits 01-10-2015:
De jaarrekening over 2014 is gepubliceerd.
05-01-2015: De jaarrekening over
2013 is gepubliceerd.
17-04-2014: De jaarrekening over
2012 is gepubliceerd.
14-01-2013: De jaarrekening over
2011 is gepubliceerd.
30-03-2012: De jaarrekening over
2010 is gepubliceerd.
19-11-2010: De jaarrekening over
2009 is gepubliceerd.
Amendments
02-03-2012:
Geplaatst kapitaal gewijzigd in EUR 20.720,00 Gestort kapitaal gewijzigd in EUR
20.720,00.
02-03-2012: Per 28-2-2012 statuten
gewijzigd. Per 28-2-2012 naam gewijzigd in: Stafa Trading B.V..
Company
structure
Relations 5
Company Registration
number
JIG Holding B.V. (Maarheeze) 17191017
| - - Universal Europe Graphic Machinery B.V. (MAARHEEZE)
17125823
| - - Stafa Direct B.V. (MAARHEEZE) 17145161
| - - Stafa Assembly B.V. (MAARHEEZE) 17088373
| - - Stafa Trading B.V. (MAARHEEZE) 17075593
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
UK Pound |
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.