MIRA INFORM REPORT

 

 

Report No. :

351509

Report Date :

27.11.2015

 

IDENTIFICATION DETAILS

 

Name :

REPA TRANSPORTBANDEN B.V.

 

 

Registered Office :

Westerwerf 20 1911JA Uitgeest

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

14.06.1993

 

 

Com. Reg. No.:

KvK-nummer: 37093424

 

 

Legal Form :

Private Company

 

 

Line of Business :
  • Manufacture of other electrical equipment.
  • Wholesale of internal transport equipment.

 

 

No. of Employee :

16

 

 

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 :

No complaints

 

 

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

 

 

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                        REPA TRANSPORTBANDEN B.V.

Operative address                    Westerwerf 20

1911JA Uitgeest

Netherlands

 

Legal form                               Private Company

Registration number                KvK-nummer: 37093424

VAT-number                             809283736

 

Year

 

 

2014

Mutation

2013

Mutation

2012

Fixed  assets

 

224.016

7,80

207.809

20,44

172.539

Total  receivables

 

900.062

30,63

689.029

-34,75

1.055.943

Total  equity

 

805.004

9,33

736.301

-34,14

1.117.941

Short  term  liabilities

 

654.167

14,07

573.495

55,91

367.838

Working  capital

 

580.988

9,93

528.492

-44,10

945.402

Quick  ratio

 

1,40

-4,76

1,47

-48,96

2,88

 

 

 

 

Contact information

 

Company name                        REPA TRANSPORTBANDEN B.V.

Trade names                            REPA TRANSPORTBANDEN B.V.

 

Operative address                    Westerwerf 20

1911JA Uitgeest

Netherlands

 

Correspondence address         Postbus 28

1920AA Akersloot

Netherlands

 

Telephone number                   0251320533

Fax number                              0251316542

 

Email address                          repa@repatransportbanden.nl

Website                                    www.repatransportbanden.nl

 

 

Registration

 

Registration number                KvK-nummer: 37093424

Branch number                        000016295013

VAT-number                             809283736

Status                                      Active

 

First registration company

register                                    2000-12-15

Memorandum                           2000-11-24

Establishment date                  1993-06-14

 

Legal form                               Private Company

Legal person since                   2000-11-24

 

Issued placed capital               EUR 18.000

Paid up share capital               EUR 18.000

 

 

Activities

 

SBI 2790:                      Manufacture of other electrical equipment

46691: Wholesale of internal transport equipment

 

Exporter                       No

 

Importer                       No

 

Goal                             Het repareren, monteren en verkopen (groot- handel in) van transportbanden

 

 

Relations

 

 

Shareholders                           Repa Group B.V.

Westerwerf 20

1911JA UITGEEST

Netherlands

Registration number: 59334002

Percentage: 100%

 

Companies on same address   Repa Conveyor Equipment B.V.

Registration number: 37095157

Repa Group B.V.

Registration number: 59334002

Beltquip B.V.

Registration number: 59334770

ReCurve B.V.

Registration number: 59334452

 

 

Management

 

Active management                  Repa Group B.V.

Westerwerf 20

1911JA UITGEEST

Netherlands

Registration number: 59334002

Competence: Fully authorized

Function: General Director

Starting date: 2014-06-25

 

 

Employees

 

Total according to the Chamber of Commerce 16

 

Year

 

2015

2014

2013

2012

2011

Total

16

21

19

16

14

 

 

 

 

Key figures

 

Year

 

2014

2013

2012

2011

2010

Quick  ratio

1,40

1,47

2,88

1,30

2,34

Current  ratio

1,89

1,92

3,57

1,73

2,65

Working  capital/  balance  total

0,40

0,40

0,64

0,35

0,60

Equity  /  balance  total

0,55

0,56

0,75

0,52

0,64

Equity  /  Fixed  assets

3,59

3,54

6,48

2,98

19,08

Equity  /  liabilities

1,23

1,28

3,04

1,10

1,74

Balance  total  /  liabilities

2,23

2,28

4,04

2,10

2,74

Working  capital

580.988

528.492

945.402

358.116

745.844

Equity

805.004

736.301

1.117.941

538.778

787.088

Mutation  equity

9,33

-34,14

107,50

-31,55

285,21

Mutation  short  term  liabilities

14,07

55,91

-25,08

8,80

52,93

 

Summary         The 2014 financial result structure is a postive working captial of 580.988 euro, which is in

agreement with 40 % of the total assets of the company.

The working capital has increased with 9.93 % compared to previous year. The ratio with

respect to the total assets of the company remains unchanged.

The improvement between 2013 and 2014 has mainly been caused by a current liabilities

reduction.

The current ratio of the company in 2014 was 1.89. 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 1.4. 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 528.492 euro, which is in

agreement with 40 % of the total assets of the company.

The working capital has diminished with -44.1 % 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 1.92. 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 1.47. 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                        REPA TRANSPORTBANDEN B.V.

Westerwerf 20

1911JA Uitgeest

Netherlands

Registration number: 37093424

 

 

Balance sheet

 

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

99.016

82.809

72.539

55.662

41.244

Financial  fixed  assets

125.000

125.000

100.000

125.000

 

Fixed  assets

224.016

207.809

172.539

180.662

41.244

Total  stock

321.234

260.758

252.287

208.424

142.359

Total  receivables

900.062

689.029

1.055.943

632.799

1.015.352

Liquid  funds

13.859

152.200

5.010

7.844

39.382

Current  assets

1.235.155

1.101.987

1.313.240

849.067

1.197.093

Total  assets

1.459.171

1.309.796

1.485.779

1.029.729

1.238.337

Issued  capital

18.000

18.000

18.000

18.000

18.151

Other  reserves

787.004

718.301

1.099.941

520.778

768.937

Total  reserves

787.004

718.301

1.099.941

520.778

768.937

Total  equity

805.004

736.301

1.117.941

538.778

787.088

Short  term  liabilities

654.167

573.495

367.838

490.951

451.249

Total  short  and  long  term  liabilities

654.167

573.495

367.838

490.951

451.249

Total  liabilities

1.459.171

1.309.796

1.485.779

1.029.729

1.238.337

 

           

Summary         The total assets of the company increased with 11.4 % between 2013 and 2014.

The fixed asset growth of 7.8 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 14.07 %. The Net Worth,

however, grew with 9.33 %.

In 2014 the assets of the company were 15.35 % composed of fixed assets and 84.65 % by

current assets. The assets are being financed by an equity of 55.17 %, and total debt of

44.83 %.

The total assets of the company decreased with -11.84 % between 2012 and 2013.

Despite the total assets decrease, non current assets grew with 20.44 %.

The asset reduction results in an equity decrease of -34.14 %. Despite the decrease, the

indebtness increased with 55.91 %.

In 2013 the assets of the company were 15.87 % composed of fixed assets and 84.13 % by

current assets. The assets are being financed by an equity of 56.21 %, and total debt of

43.79 %.

 

 

 

 

 

Analysis

 

Branch (SBI)                 Wholesale trade (no motor vehicles and motorcycles) (SBI code 46)

Region                         Kennemerland

Summary                     In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Kennemerland 2933 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 Kennemerland 57 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 Kennemerland is normal

 

 

Publications

 

Deposits                       27-08-2015: De jaarrekening over 2014 is gepubliceerd.

19-06-2014: De jaarrekening over 2013 is gepubliceerd.

16-10-2013: De jaarrekening over 2012 is gepubliceerd.

01-06-2012: De jaarrekening over 2011 is gepubliceerd.

14-07-2011: De jaarrekening over 2010 is gepubliceerd.

Functions                     30-06-2014: Per 25-06-2014 is bestuurder 59334002 Repa Group B.V. in functie getreden.

30-06-2014: Per 25-06-2014 is bestuurder 37067635 R. Breyaen Beheer B.V. uit functie

getreden.

 

 

Company structure

 

Relations

5

 

 

Company

 

Registration number

R.  Breyaen  Beheer  B.V.  (AKERSLOOT)

37067635

|  -  -  Repa  Group  B.V.  (UITGEEST)

59334002

|  -  -  |  -  -  Beltquip  B.V.  (UITGEEST)

59334770

|  -  -  |  -  -  ReCurve  B.V.  (UITGEEST)

59334452

|  -  -  |  -  -  REPA  TRANSPORTBANDEN  B.V.  (Uitgeest)

37093424

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.55

UK Pound

1

Rs.100.64

Euro

1

Rs.70.70

NLG

1

Rs.37.31

Note : Above are approximate rates obtained from sources believed to be correct

 

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.