MIRA INFORM REPORT
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Report No. : |
343793 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ARTISAN HOME B.V. |
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Registered Office : |
Volta 3 7942DG MEPPEL |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
24.04.2012 |
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Com. Reg. No.: |
55287735 |
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Legal Form : |
Private company with common structure |
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Line of Business : |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source
: CIA |
Summary
Company name Artisan
Home B.V.
Operative address Volta 3
7942DG MEPPEL
Netherlands
Legal form Private company
with common structure
Registration number KvK-nummer:
55287735
VAT-number 851640655
Contact
information
Company name Artisan Home B.V.
Trade names Artisan Home B.V.
Operative address Volta 3
7942DG MEPPEL
Netherlands
Correspondence address Volta 3
7942DG MEPPEL
Netherlands
Telephone number 0522-443594
Fax number 0522 443598
Email address info@artisanhome.nl
Website www.artisanhome.nl
Registration
Registration number KvK-nummer:
55287735
Branch number 000024955590
VAT-number 851640655
Status Active
First registration company register 2012-05-25
Memorandum 2012-05-25
Establishment date 2012-04-24
Legal form Private company
with common structure
Legal person since 2012-05-25
Issued placed capital EUR 18.000
Paid up share capital EUR 18.000
Activities
SBI 46441: Wholesale
of glassware, china and pottery
Exporter Yes
Importer Yes
Goal The wholesale and trade, and import and export of glass, porcelain and pottery.
The
wholesale and trade, and import and export of home decorations.
Relations
Shareholders Snijder
Been B.V.
Volta 3
7942DG MEPPEL
Netherlands
Registration number: 55287581
Percentage: 100%
Companies on same address Snijder Woondeco V.O.F.
Registration
number: 04056772
Snijder Been B.V.
Registration
number: 55287581
Management
Active management Snijder
Been B.V.
Volta 3
7942DG MEPPEL
Netherlands
Registration number: 55287581
Competence: Fully authorized
Function: General Director
Starting date: 2012-05-25
Employees
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Year |
2015 |
2012 |
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Total |
2 |
2 |
Payments
Description Overeenkomstig
conditie
Key
figures
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Year |
2014 |
2013 |
2012 |
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Quick ratio |
0,40 |
0,31 |
0,44 |
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Current ratio |
1,02 |
1,00 |
1,10 |
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Working capital/ balance total |
0,02 |
0,00 |
0,08 |
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Year |
2014 |
2013 |
2012 |
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0,04 |
0,04 |
0,06 |
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Equity / Fixed assets |
0,36 |
0,31 |
0,51 |
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Equity / liabilities |
0,04 |
0,05 |
0,07 |
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Balance total / liabilities |
1,04 |
1,05 |
1,07 |
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Working capital |
8.375 |
-279 |
22.805 |
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Equity |
18.000 |
18.000 |
18.000 |
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Mutation short term liabilities |
14,95 |
60,81 |
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Summary
The 2014 financial result structure is a postive working captial of 8.375 euro, which is in agreement with 2 % of the total assets of the company.
The working capital has increased with 3101.79 % 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 1.02. 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 0.4. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2013 financial result structure is a negative working captial of -279 euro, which is in agreement with 0 % of the total assets of the company.
The working capital has diminished with -101.22 % 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. 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 0.31. 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 Artisan
Home B.V.
Volta 3
7942DG MEPPEL
Netherlands
Registration number: 55287735
Balance
|
Year |
2014 |
2013 |
2012 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
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Tangible fixed
assets |
49.625 |
58.279 |
35.303 |
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Fixed assets |
49.625 |
58.279 |
35.303 |
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Total stock |
251.053 |
246.034 |
145.689 |
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Total
receivables |
119.380 |
64.611 |
75.991 |
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Liquid funds |
45.497 |
43.634 |
21.610 |
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Current assets |
415.930 |
354.279 |
243.290 |
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Total assets |
465.555 |
412.558 |
278.593 |
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Issued capital |
18.000 |
18.000 |
18.000 |
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Total equity |
18.000 |
18.000 |
18.000 |
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Long term interest yielding debt |
40.000 |
40.000 |
40.108 |
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Long term
liabilities |
40.000 |
40.000 |
40.108 |
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Short term
liabilities |
407.555 |
354.558 |
220.485 |
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Total short and
long term liabilities |
447.555 |
394.558 |
260.593 |
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Total
liabilities |
465.555 |
412.558 |
278.593 |
Summary
The total assets of the company increased with 12.85 % between 2013 and 2014.
Despite the assets growth, the non current assets decreased with -14.85 %.
The asset growth is explained by a reduction of 13.43 % of the company's indebtness, this while, the Net Worth remains unchanged.
In 2014 the assets of the company were 10.66 % composed of fixed assets and 89.34 % by current assets. The assets are being financed by an equity of 3.87 %, and total debt of 96.13 %.
The total assets of the company increased with 48.09 % between 2012 and 2013.
The total asset increase is retrievable in the fixed asset growth of 65.08 %.
The asset growth is explained by a reduction of 51.41 % of the company's indebtness, this while, the Net Worth remains unchanged.
In 2013 the assets of the company were 14.13 % composed of fixed assets and 85.87 % by current assets. The assets are being financed by an equity of 4.36 %, and total debt of 95.64%.
Analysis
Branch (SBI) Wholesale trade (no
motor vehicles and motorcycles) (SBI code 46)
Region Drenthe
Summary In the Netherlands 109662
of the companies are registered with the SBI code 46
In the region Drenthe 2723 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 Drenthe 89 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 Drenthe is normal
Publications
Deposits 18-05-2015: De
jaarrekening over 2014 is gepubliceerd.
29-05-2014: De jaarrekening over 2013 is
gepubliceerd.
13-11-2013: De jaarrekening over 2012 is
gepubliceerd.
Functions 31-05-2012: Per
25-05-2012 is bestuurder 55287581 Snijder Been B.V. in functie getreden.
Company
structure
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Relations |
2 |
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Company |
Registration number |
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Snijder Been B.V. (MEPPEL) |
55287581 |
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| - - Artisan Home B.V. (MEPPEL) |
55287735 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.29 |
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UK Pound |
1 |
Rs.99.31 |
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Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.