MIRA INFORM REPORT
|
Report No. : |
343292 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACETO B.V. |
|
|
|
|
Registered Office : |
Jan Ligthartstraat 75II 1964HA Heemskerk |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
08.02.1990 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 35028967 |
|
|
|
|
Legal Form : |
Private
Company |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods. |
|
|
|
|
No. of Employee : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
|
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 highTRADE 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 |
Aceto B.V. |
|
Operative address |
Jan Ligthartstraat 75II |
|
|
1964HA Heemskerk |
|
|
Netherlands |
|
Legal form |
Private
Company |
|
Registration number |
KvK-nummer: 35028967 |
|
VAT-number |
008558231 |
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
194.171 |
40,61 |
138.087 |
379,39 |
28.805 |
|
Total receivables |
2.775.305 |
16,40 |
2.384.264 |
22,21 |
1.951.006 |
|
Total equity |
1.995.929 |
-9,96 |
2.216.604 |
3,06 |
2.150.865 |
|
Short term liabilities |
4.351.941 |
17,44 |
3.705.599 |
5,33 |
3.518.165 |
|
Net result |
-220.675 |
-435,68 |
65.739 |
-62,02 |
173.106 |
|
Working capital |
1.801.758 |
-13,32 |
2.078.517 |
-2,05 |
2.122.060 |
|
Quick ratio |
0,78 |
-29,73 |
1,11 |
19,35 |
0,93 |
Contact
information
Company
name Aceto B.V.
Trade
names Aceto B.V.
Operative
address Jan Ligthartstraat 75II
1964HA Heemskerk
Netherlands
Correspondence
address Jan Ligthartstraat 75II
1964HA Heemskerk
Netherlands
Telephone
number 0251252322
Fax
number 0251234874
Email
address info@acetobv.com
Website
www.acetobv.com
Registration
Registration
number KvK-nummer: 35028967
Branch
number 000017693861
VAT-number
008558231
Status
Active
First
registration company
register 1990-04-23
Memorandum
1990-03-29
Establishment
date 1990-02-08
Legal
form Private Company
Legal
person since 1990-03-29
Last
proposed admendment 2005-04-27
Issued
placed capital EUR 1.362.000
Paid
up share capital EUR 1.362.000
Activities
SBI
46461: Wholesale of
pharmaceutical goods
Exporter
No
Importer
No
Goal
Handel in grondstoffen voor
de geneesmiddelen industrie
Relations
Shareholders
Aceto (Holding)
B.V.
Jan Ligthartstraat 75I
1964HA HEEMSKERK
Netherlands
Registration number: 34152781
Percentage: 100%
Bank
details
Accounts
ABN Amro
Bank NV
Account number: NL59ABNA0491180144
BIC: ABNANL2A
ING Bank NV
Account number: 69.04.60.929
BIC: INGBNL2A
Management
Active
management J.M. van Eis
Johannes Martinus
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2007-02-05
Date of birth: 1958-01-28, Haarlem, NL
D.A. Roth Douglas A.
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-10-07
Date of birth: 1957-01-17, Manhasset, NL
S. Guccione Salvatore
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-10-07
Date of birth: 1962-10-11, Brooklyn, NL
J.M. van Eis Johannes Martinus
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-03-22
Date of birth: 1958-01-28, Haarlem, NL
D.A. Roth Douglas A.
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-10-07
Date of birth: 1957-01-17, Manhasset, NL
S. Guccione Salvatore
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-10-07
Date of birth: 1962-10-11, Brooklyn, NL
Employees
|
Total according to the Chamber of Commerce |
3 |
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
3 |
9 |
8 |
3 |
3 |
Payments
Description Payments are made regularly no complaints are known
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,78 |
1,11 |
0,93 |
1,24 |
1,38 |
|
Current ratio |
1,41 |
1,56 |
1,60 |
1,70 |
1,58 |
|
Working capital/ balance
total |
0,28 |
0,35 |
0,37 |
0,41 |
0,36 |
|
Equity / balance
total |
0,31 |
0,37 |
0,38 |
0,42 |
0,37 |
|
Equity / Fixed
assets |
10,28 |
16,05 |
74,67 |
58,67 |
76,25 |
|
Equity / liabilities |
0,46 |
0,60 |
0,61 |
0,71 |
0,58 |
|
Balance total /
liabilities |
1,46 |
1,60 |
1,61 |
1,71 |
1,58 |
|
Working capital |
1.801.758 |
2.078.517 |
2.122.060 |
1.944.050 |
1.806.000 |
|
Equity |
1.995.929 |
2.216.604 |
2.150.865 |
1.977.759 |
1.830.000 |
|
Mutation equity |
-9,96 |
3,06 |
8,75 |
8,07 |
22,74 |
|
Mutation short term
liabilities |
17,44 |
5,33 |
26,49 |
-11,36 |
15,16 |
|
Return on total
assets (ROA) |
-4,37 |
1,35 |
4,08 |
4,13 |
|
|
Return on equity
(ROE) |
-13,89 |
3,60 |
10,74 |
9,94 |
|
|
Gross margin |
1.132.525 |
1.286.902 |
1.341.270 |
1.129.342 |
|
|
Operating result |
-161.577 |
145.059 |
283.449 |
242.759 |
|
|
Net result after
taxes |
-220.675 |
65.739 |
173.106 |
148.090 |
|
|
Cashflow |
-178.795 |
80.488 |
189.389 |
163.329 |
|
|
EBIT |
-161.577 |
145.059 |
283.449 |
242.759 |
|
Key figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
EBITDA |
-119.697 |
159.808 |
299.732 |
257.998 |
|
Summary
The 2014 financial result structure is a
postive working captial of 1.801.758 euro, which is in
agreement with 28 % of the total assets of
the company.
The working capital has diminished with
-13.32 % compared to previous year. The ratio, with
respect to the total assets of the company
has however, declined.
The deterioration between 2013 and 2014 has
mainly been caused by an increase of the
current liabilities.
The current ratio of the company in 2014 was
1.41. 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
0.78. 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 2.078.517 euro, which is in
agreement with 35 % of the total assets of
the company.
The working capital has diminished with -2.05
% 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
1.56. 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
1.11. 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 Aceto
B.V.
Jan Ligthartstraat 75II
1964HA Heemskerk
Netherlands
Registration number: 35028967
Balance
sheet
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-06-30 |
2013-06-30 |
2012-06-30 |
2011-06-30 |
2010-06-30 |
|
Intangible fixed assets |
115.826 |
119.311 |
|
|
|
|
Tangible fixed assets |
22.320 |
18.776 |
28.805 |
33.709 |
24.000 |
|
Financial fixed assets |
56.025 |
|
|
|
|
|
Fixed assets |
194.171 |
138.087 |
28.805 |
33.709 |
24.000 |
|
Total stock |
2.748.211 |
1.685.914 |
2.356.944 |
1.262.983 |
604.000 |
|
Accounts receivable |
2.479.192 |
1.964.727 |
1.826.481 |
2.799.243 |
|
|
Other receivables |
296.113 |
419.537 |
124.525 |
118.264 |
|
|
Total receivables |
2.775.305 |
2.384.264 |
1.951.006 |
2.917.507 |
2.826.000 |
|
Liquid funds |
630.183 |
1.713.938 |
1.332.275 |
544.952 |
1.514.000 |
|
Current assets |
6.153.699 |
5.784.116 |
5.640.225 |
4.725.442 |
4.944.000 |
|
Total assets |
6.347.870 |
5.922.203 |
5.669.030 |
4.759.151 |
4.968.000 |
|
Issued capital |
1.362.000 |
1.362.000 |
1.362.000 |
1.362.000 |
1.362.000 |
|
Share premium reserve |
476.008 |
476.008 |
476.008 |
476.008 |
476.000 |
|
Other reserves |
157.921 |
378.596 |
312.857 |
139.751 |
-8.000 |
|
Total reserves |
633.929 |
854.604 |
788.865 |
615.759 |
468.000 |
|
Total equity |
1.995.929 |
2.216.604 |
2.150.865 |
1.977.759 |
1.830.000 |
|
Short term liabilities |
4.351.941 |
3.705.599 |
3.518.165 |
2.781.392 |
3.138.000 |
|
Total short and
long term liabilities |
4.351.941 |
3.705.599 |
3.518.165 |
2.781.392 |
3.138.000 |
|
Total liabilities |
6.347.870 |
5.922.203 |
5.669.030 |
4.759.151 |
4.968.000 |
Summary The total assets of the company increased
with 7.19 % between 2013 and 2014.
The total asset increase is retrievable in the
fixed asset growth of 40.61 %.
Asset growth is in contrasts with the net
worth decline of -9.96 %. The company's
indebtedness has, therefore, increased with
17.44 %.
In 2014 the assets of the company were 3.06 %
composed of fixed assets and 96.94 % by
current assets. The assets are being financed
by an equity of 31.44 %, and total debt of
68.56 %.
The total assets of the company increased
with 4.47 % between 2012 and 2013.
The total asset increase is retrievable in
the fixed asset growth of 379.39 %.
The asset growth has mainly been financed by
a debt increase of 5.33 %. The Net Worth,
however, grew with 3.06 %.
In 2013 the assets of the company were 2.33 %
composed of fixed assets and 97.67 % by
current assets. The assets are being financed
by an equity of 37.43 %, and total debt of
62.57 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Gross margin |
1.132.525 |
1.286.902 |
1.341.270 |
1.129.342 |
|
Wages and salaries |
534.259 |
502.427 |
443.292 |
376.115 |
|
Amorization and depreciation |
41.880 |
14.749 |
16.283 |
15.239 |
|
other operating costs |
717.963 |
624.667 |
598.246 |
495.229 |
|
Operating expenses |
1.294.102 |
1.141.843 |
1.057.821 |
886.583 |
|
Operating result |
-161.577 |
145.059 |
283.449 |
242.759 |
|
Financial income |
|
|
2.075 |
7.487 |
|
Financial expenses |
115.691 |
65.204 |
54.420 |
53.697 |
|
Financial result |
-115.691 |
-65.204 |
-52.345 |
-46.210 |
|
Result on ordinary
operations before taxes |
-277.268 |
79.855 |
231.104 |
196.549 |
|
Taxation on the
result of ordinary
activities |
-56.593 |
14.116 |
57.998 |
48.459 |
|
Result of ordinary
activities after taxes |
-220.675 |
65.739 |
173.106 |
148.090 |
|
Net result |
-220.675 |
65.739 |
173.106 |
148.090 |
Summary The gross profit of the company decreased by -12 % between 2013 and 2014.
The operating result of the company declined with -211.39 % between 2013 and 2014. 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 -423.7
% of the analysed period, being equal to 2013 % in the year 2014.
The Net Result of the company increased by -435.68 % 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
-485.83 % of the analysed period, being -13.89 % in the year 2014.
The company's financial profitability has been positively affected by its financial structure.
The gross profit of the company decreased by -4.05 % between 2012 and 2013.
The operating result of the company declined with -48.82 % 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 -66.91
% of the analysed period, being equal to 2012 % in the year 2013.
The Net Result of the company increased by -62.02 % 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
-66.48 % of the analysed period, being 3.6 % in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
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
31-03-2015: De jaarrekening
over 2014 (gebroken boekjaar) is gepubliceerd.
17-04-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
01-08-2013: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
10-07-2012: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
02-08-2011: De jaarrekening over 2010
(gebroken boekjaar) is gepubliceerd.
Functions
13-04-2012: Per 07-10-2011
is bestuurder Douglas A. Roth in functie getreden.
13-04-2012: Per 07-10-2011 is bestuurder
Salvatore Guccione in functie getreden.
13-04-2012: Per 07-10-2011 is bestuurder
Vincent George Miata uit functie getreden.
13-04-2012: Per 07-10-2011 is gevolmachtigde
Salvatore Guccione in functie getreden.
13-04-2012: Per 07-10-2011 is gevolmachtigde
Douglas A. Roth in functie getreden.
13-04-2012: Per 07-10-2011 is gevolmachtigde
Vincent George Miata uit functie getreden.
Other
31-03-2015: ... Datum
deponering: 27-03-2015 Boekjaar: 2014 Soort deponering:
Geconsolideerde jaarrekening Soort
deponering: Geconsolideerde jaarrekening (art. 408
BW2).
17-04-2014: ... Datum deponering: 14-04-2014
Soort deponering: Geconsolideerde
jaarrekening (art. 408 BW2).
Company
structure
Relations
3
Company
Registration
number
Aceto
Luxembourg S.à.r.l. (4240 Esch-sur-Alzette)
|
- - Aceto (Holding) B.V. (HEEMSKERK)
34152781
| - - | - - Aceto
B.V. (Heemskerk)
35028967
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.