MIRA INFORM REPORT
|
Report No. : |
343292 |
|
Report Date : |
02.10.2015 |
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.: |
35028967 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of Pharmaceutical Goods. |
|
|
|
|
No. of Employees : |
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 |
|
|
|
|
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 Aceto
B.V.
Operative address Jan Ligthartstraat
75II
1964HA Heemskerk
Netherlands
Status Active
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 Trade in raw materials for pharmaceutical industry
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 |
Slow but correct |
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 |
|
|
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
|
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.65.55 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.