MIRA INFORM REPORT
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Report No. : |
343754 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
POT EN MAND B.V. |
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Registered Office : |
Pietseweg 13a 4751RT Oud Gastel |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.11.1992 |
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Com. Reg. No.: |
24285514 |
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Legal Form : |
Private company |
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Line of Business : |
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No. of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 Pot
en Mand B.V.
Operative
address Pietseweg 13a
4751RT Oud Gastel
Netherlands
Legal
form Private company
Registration
number KvK-nummer: 24285514
VAT-number
806933379
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
|||||||||||||
|
Fixed
assets |
923.025 |
-19,74 |
1.150.083 |
22,87 |
936.026 |
||||||||||||||
|
Total
receivables |
1.944.312 |
-18,31 |
2.380.238 |
15,95 |
2.052.803 |
||||||||||||||
|
Total
equity |
4.629.957 |
6,12 |
4.363.128 |
-2,58 |
4.478.611 |
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|
Short term
liabilities |
2.048.948 |
-16,98 |
2.468.069 |
25,09 |
1.973.020 |
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|
Net result |
266.830 |
56,49 |
170.506 |
-74,28 |
662.845 |
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Working
capital |
3.807.032 |
10,74 |
3.437.919 |
-9,45 |
3.796.714 |
||||||||||||||
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Quick
ratio |
1,18 |
15,69 |
1,02 |
-23,88 |
1,34 |
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Contact
information
Company
name Pot en Mand B.V.
Trade
names Pot en Mand B.V.
PTMD Collection
Operative
address Pietseweg 13a
4751RT Oud Gastel
Netherlands
Correspondence
address Pietseweg 13a
4751RT Oud Gastel
Netherlands
Telephone
number 0165517000
Fax
number 0165517017
Email
address info@ptmd.nl
Website
www.ptmd.nl
Registration
Registration
number KvK-nummer: 24285514
Branch
number 000016592530
VAT-number
806933379
Status
Active
First
registration company register 1998-06-25
Memorandum
1998-05-29
Establishment
date 1992-11-30
Legal
form Private company
Legal
person since 1998-05-29
Issued
placed capital EUR 18.151
Paid
up share capital EUR 18.151
Activities
SBI
4622: Wholesale of flowers
and plants
46441: Wholesale of
glassware, china and pottery
Exporter
Yes
Importer
Yes
Branche
organisations Nederlandse Thuiswinkel
Organisatie
Goal Exploitatie van een
groothandel, waaronder begrepen im- en export in potten, manden,
dekoratiematerialen, bloemen en planten.
Relations
Shareholders
Pot
en Mand Beheer B.V.
Pietseweg 13a
4751RT Oud Gastel
Netherlands
Registration number: 24241844
Percentage: 100%
Companies
on same address Pot en Mand
Beheer B.V.
Registration number: 24241844
Management
Active
management Pot
en Mand Beheer B.V.
Pietseweg 13a
4751RT Oud Gastel
Netherlands
Registration number: 24241844
Competence: Fully authorized
Function: Manager
Starting date: 1998-05-29
J.B. van Opdorp Johannes Baptist
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1998-05-29
Date of birth: 1964-05-18, Rotterdam, NL
Involved with the following companies:
Pot en Mand Beheer B.V.
Pietseweg 13a
4751RT Oud Gastel
Netherlands
Registration number: 24241844
Function: Manager
G. van der Dussen Gideon
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2000-01-13
Date of birth: 1970-09-25, Capelle aan den
IJssel, NL
Involved with the following companies:
Pot en Mand Beheer B.V.
Pietseweg 13a
4751RT Oud Gastel
Netherlands
Registration number: 24241844
Function: Manager
Employees
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Total
according to the Chamber of Commerce 17 |
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|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
17 |
92 |
97 |
87 |
81 |
Payments
Description
Payments made under regular
condition
Key figures
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|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
1,18 |
1,02 |
1,34 |
1,07 |
0,92 |
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|
|
|
|
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Current
ratio |
2,86 |
2,39 |
2,92 |
2,60 |
2,23 |
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Working
capital/ balance total |
0,56 |
0,49 |
0,57 |
0,54 |
0,48 |
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Equity /
balance total |
0,68 |
0,62 |
0,67 |
0,65 |
0,59 |
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Equity /
Fixed assets |
5,02 |
3,79 |
4,78 |
4,97 |
4,56 |
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Equity /
liabilities |
2,15 |
1,62 |
2,01 |
1,84 |
1,43 |
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Balance
total / liabilities |
3,15 |
2,62 |
3,01 |
2,84 |
2,43 |
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Working
capital |
3.807.032 |
3.437.919 |
3.796.714 |
3.153.308 |
2.970.272 |
|
|
|
|
|
|
|
|
Equity |
4.629.957 |
4.363.128 |
4.478.611 |
3.815.766 |
3.640.842 |
|
|
|
|
|
|
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Mutation
equity |
6,12 |
-2,58 |
17,37 |
4,80 |
4,45 |
|
|
|
|
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|
|
|
Mutation
short term liabilities |
-16,98 |
25,09 |
0,17 |
-18,43 |
-21,45 |
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Return on
total assets (ROA) |
4,88 |
3,02 |
13,25 |
3,60 |
3,19 |
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Return on
equity (ROE) |
7,15 |
4,89 |
19,84 |
5,57 |
5,42 |
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Gross
margin |
8.503.985 |
8.986.717 |
8.701.512 |
7.656.274 |
8.261.304 |
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Operating
result |
320.377 |
269.421 |
910.067 |
353.237 |
270.091 |
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Net result
after taxes |
266.830 |
170.506 |
662.845 |
174.923 |
155.036 |
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Cashflow |
657.296 |
512.912 |
923.335 |
429.010 |
361.928 |
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EBIT |
320.377 |
269.421 |
910.067 |
353.237 |
270.091 |
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EBITDA |
710.843 |
611.827 |
1.170.557 |
607.324 |
476.983 |
Summary
The 2013 financial result
structure is a postive working captial of 3.807.032 euro, which is in agreement
with 56 % of the total assets of the company.
The
working capital has increased with 10.74 % compared to previous year. The
ratio, with respect to the total assets of the company has however, increased.
The
improvement between 2012 and 2013 has mainly been caused by an increase of the
current assets.
The current ratio of the company in 2013 was 2.86. 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 1.18. A company with a Quick Ratio of
more than 1 can currently pay back its current liabilities.
The
2012 financial result structure is a postive working captial of 3.437.919 euro,
which is in agreement with 49 % of the total assets of the company.
The
working capital has diminished with -9.45 % compared to previous year. The
ratio, with respect to the total assets of the company has however, declined.
The
deterioration between 2011 and 2012 has mainly been caused by an increase of
the current liabilities.
The
current ratio of the company in 2012 was 2.39. A company with a current ratio
between 1.5 and 3.0 generally indicates good short-term financial strength.
The
quick ratio in 2012 of the company was 1.02. A company with a Quick Ratio of
more than 1 can currently pay back its current liabilities.
Financial
statement
Last
annual account 2013
Remark
annual account The company is obliged to
file its financial statements.
Type
of annual account Corporate
Annual
account Pot en Mand B.V.
Pietseweg 13a
4751RT Oud Gastel
Netherlands
Registration
number: 24285514
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Tangible fixed assets |
883.109 |
1.120.313 |
905.546 |
736.523 |
767.268 |
|
Financial fixed assets |
39.916 |
29.770 |
30.480 |
30.966 |
31.686 |
|
Fixed assets |
923.025 |
1.150.083 |
936.026 |
767.489 |
798.954 |
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|
|
|
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|
Total stock |
3.445.759 |
3.380.442 |
3.119.035 |
3.021.087 |
3.175.089 |
|
Accounts receivable |
|
|
1.175.782 |
1.068.269 |
1.369.779 |
|
|
|
|
|
|
|
|
Other receivables |
|
|
877.021 |
651.380 |
628.584 |
|
|
|
|
|
|
|
|
Total receivables |
1.944.312 |
2.380.238 |
2.052.803 |
1.719.649 |
1.998.363 |
|
Liquid funds |
465.909 |
145.308 |
597.896 |
382.296 |
211.522 |
|
|
|
|
|
|
|
|
Current assets |
5.855.980 |
5.905.988 |
5.769.734 |
5.123.032 |
5.384.974 |
|
Total assets |
6.779.005 |
7.056.071 |
6.705.760 |
5.890.521 |
6.183.928 |
|
|
|
|
|
|
|
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
4.611.806 |
4.344.977 |
4.460.460 |
3.797.615 |
3.622.691 |
|
|
|
|
|
|
|
|
Total reserves |
4.611.806 |
4.344.977 |
4.460.460 |
3.797.615 |
3.622.691 |
|
Total equity |
4.629.957 |
4.363.128 |
4.478.611 |
3.815.766 |
3.640.842 |
|
|
|
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Provisions |
46.495 |
52.514 |
121.152 |
69.029 |
73.111 |
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Long term interest yielding debt |
53.605 |
172.360 |
132.977 |
36.002 |
55.273 |
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|
Long term liabilities |
53.605 |
172.360 |
132.977 |
36.002 |
55.273 |
|
Short term liabilities |
2.048.948 |
2.468.069 |
1.973.020 |
1.969.724 |
2.414.702 |
|
Total short and long term liabilities |
2.149.048 |
2.692.943 |
2.227.149 |
2.074.755 |
2.543.086 |
|
Total liabilities |
6.779.005 |
7.056.071 |
6.705.760 |
5.890.521 |
6.183.928 |
Summary
The total assets of the
company decreased with -3.93 % between 2012 and 2013.
This
downturn is mainly retrievable in the fixed asset decrease of -19.74 %.
The
asset reduction is in contrast with the equity growth of 6.12 %. Due to this
the total debt decreased with -20.2 %.
In
2013 the assets of the company were 13.62 % composed of fixed assets and 86.38
% by current assets. The assets are being financed by an equity of 68.3 %, and
total debt of 31.7 %.
The
total assets of the company increased with 5.22 % between 2011 and 2012.
The
total asset increase is retrievable in the fixed asset growth of 22.87 %.
Asset
growth is in contrasts with the net worth decline of -2.58 %. The company's
indebtedness has, therefore, increased with 20.91 %.
In
2012 the assets of the company were 16.3 % composed of fixed assets and 83.7 %
by current assets. The assets are being financed by an equity of 61.84 %, and
total debt of 38.16 %.
Profit
and loss
|
Year |
|
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross
margin |
8.503.985 |
8.986.717 |
8.701.512 |
7.656.274 |
8.261.304 |
|
|
|
|
|
|
|
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|
Wages and salaries |
4.996.311 |
3.996.916 |
3.577.983 |
3.215.732 |
3.306.495 |
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|
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Amorization
and depreciation |
390.466 |
342.406 |
260.490 |
254.087 |
206.892 |
|
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|
other
operating costs |
2.796.831 |
4.377.974 |
3.952.972 |
3.833.218 |
4.477.826 |
|
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|
|
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Operating
expenses |
8.183.608 |
8.717.296 |
7.791.445 |
7.303.037 |
7.991.213 |
|
|
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|
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|
Result in
subsidiaries |
10.146 |
-711 |
-486 |
-721 |
-3.924 |
|
|
|
|
|
|
|
|
|
|
Operating result |
320.377 |
269.421 |
910.067 |
353.237 |
270.091 |
|
|
Financial
expenses |
|
|
21.248 |
|
|
|
|
|
|
|
|
|
|
|
|
Financial
result |
477 |
-55.391 |
-21.248 |
-140.165 |
-68.955 |
|
|
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|
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|
|
|
|
Result
on ordinary operations
before taxes |
331.000 |
213.319 |
888.333 |
212.351 |
197.212 |
|
|
|
|
|
|
|
|
|
|
Taxation on the result of ordinary activities |
64.170 |
42.813 |
225.488 |
37.428 |
42.176 |
|
|
|
|
|
|
|
|
|
|
Result
of ordinary activities
after taxes |
266.830 |
170.506 |
662.845 |
174.923 |
155.036 |
|
|
|
|
|
|
|
|
|
|
Net result |
|
266.830 |
170.506 |
662.845 |
174.923 |
155.036 |
Summary
The gross profit of the
company decreased by -5.37 % between 2012 and 2013.
The
operating result of the company grew with 18.91 % between 2012 and 2013. 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 61.59 % of the analysed period, being equal to 2012 % in the year 2013.
The
Net Result of the company decreased by 56.49 % 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 46.22 % of the analysed
period, being 7.15 % in the year 2013.
The
company's financial structure has slowed down its financial profitability.
The
gross profit of the company grew with 3.28 % between 2011 and 2012.
The
operating result of the company declined with -70.4 % between 2011 and 2012.
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 -77.21 % of the analysed period, being equal to 2011 % in the year 2012.
The
Net Result of the company increased by -74.28 % between 2011 and 2012. 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 -75.35 % of the analysed period, being 4.89 % in
the year 2012.
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
West-Brabant
Summary In the Netherlands 109662
of the companies are registered with the SBI code 46
In the region West-Brabant 4857 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 West-Brabant 119 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 West-Brabant is normal
Publications
Deposits
04-02-2015: De jaarrekening
over 2013 is gepubliceerd.
05-02-2014: De jaarrekening over 2012 is
gepubliceerd.
08-04-2013: De jaarrekening over 2011 is
gepubliceerd.
20-02-2012: De jaarrekening over 2010 is
gepubliceerd.
24-02-2011: De jaarrekening over 2009 is
gepubliceerd.
Company
structure
Relations
4
Company
Registration
number
Pot
en Mand Beheer B.V. (Oud
Gastel) 24241844
|
- - Pot en Mand B.V. (Oud Gastel) 24285514
|
- - | - - PTMD West-Europe B.V. (OUD GASTEL) 20143939
|
- - | - - PTMD Mid-Europe B.V. (OUD GASTEL) 20143929
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
UK Pound |
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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 |
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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.