MIRA INFORM REPORT
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Report No. : |
345523 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
GRAFISCHE HANDELSONDERNEMING RONALD MEKES B.V. |
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Registered Office : |
Venneveld 1 4705RR Roosendaal |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
13.11.1985 |
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Com. Reg. No.: |
20069406 |
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Legal Form : |
Private company |
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Line of Business : |
Wholesale of machines for the graphics industry |
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No. of Employees : |
10 |
RATING & COMMENTS
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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 : |
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 |
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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.
|
Source
: CIA |
Summary
Company name Grafische
Handelsonderneming Ronald Mekes B.V.
Operative address Venneveld
1
4705RR Roosendaal
Netherlands
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
20069406
VAT-number 802006413
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
615.455 |
0,69 |
611.223 |
5,25 |
580.715 |
|
Total receivables |
905.783 |
-13,15 |
1.042.983 |
45,56 |
716.520 |
|
Total equity |
603.317 |
14,58 |
526.549 |
4,05 |
506.074 |
|
Short term liabilities |
2.331.162 |
-7,06 |
2.508.353 |
-13,87 |
2.912.275 |
|
Net result |
76.768 |
|
|
|
|
|
Working capital |
1.386.745 |
7,05 |
1.295.381 |
-6,01 |
1.378.249 |
|
Quick ratio |
0,39 |
-7,14 |
0,42 |
68,00 |
0,25 |
Contact
information
Company name Grafische
Handelsonderneming Ronald Mekes B.V.
Trade names Grafische
Handelsonderneming Ronald Mekes B.V.
Operative address Venneveld
1
4705RR Roosendaal
Netherlands
Correspondence address Postbus
3094
4700GB Roosendaal
Netherlands
Telephone number 0165564040
Fax number 0165532733
Email address mekes@mekes.com
Website www.mekes.com
Registration
Registration number KvK-nummer:
20069406
Branch number 000016477006
VAT-number 802006413
Status Active
First registration company register 1993-06-07
Memorandum 1993-05-18
Establishment date 1985-11-13
Legal form Besloten
Vennootschap
Legal person since 1993-05-18
Issued placed capital EUR 18.151
Paid up share capital EUR 18.151
Activities
SBI 46681: Wholesale
of machines for the graphics industry
Exporter No
Importer No
Goal De groothandel in-
en verstrekken van adviezen met betrekking tot grafische machines en materialen
en al hetgeen daarmee in verband staat, het verstrekken van adviezen op
commercieel en technisch gebied en voorts al hetgeen daarmee verband houdt,
alles in de ruimste zin.
Relations
Shareholders Beheermaatschappij
Ronald Mekes B.V.
Venneveld 1
4705RR ROOSENDAAL
Netherlands
Registration number: 20049790
Percentage: 100%
Companies on same address Beheermaatschappij Ronald Mekes
B.V.
Registration
number: 20049790
Mekes Handelsonderneming en
Adviesbureau B.V.
Registration number: 20037858
Ronald Mekes Pensioen B.V.
Registration number: 20067744
Stichting Société de GW
Registration number: 34255328
Management
Active management Beheermaatschappij
Ronald Mekes B.V.
Venneveld 1
4705RR ROOSENDAAL
Netherlands
Registration number: 20049790
Competence: Fully authorized
Function: Manager
Starting date: 1993-05-18
J.C.M. Edelbloedt Johannes
Cornelis Maria
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 1998-11-01
Date of birth: 1964-11-02, Roosendaal en Nispen, NL
Employees
Total according to the Chamber of Commerce 10
Year 2015
2013 2012
2011 2010
Total 10
14 14 13 13
Payments
Description Overeenkomstig
conditie
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,39 |
0,42 |
0,25 |
0,38 |
0,43 |
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Current ratio |
1,59 |
1,52 |
1,47 |
1,46 |
1,32 |
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Working capital/ balance total |
0,32 |
0,29 |
0,28 |
0,27 |
0,20 |
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Equity / balance total |
0,14 |
0,12 |
0,10 |
0,09 |
0,06 |
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Equity / Fixed assets |
0,98 |
0,86 |
0,87 |
0,60 |
0,30 |
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Equity / liabilities |
0,16 |
0,14 |
0,12 |
0,10 |
0,06 |
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Balance total / liabilities |
1,16 |
1,14 |
1,12 |
1,10 |
1,06 |
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Working capital |
1.386.745 |
1.295.381 |
1.378.249 |
1.143.946 |
766.481 |
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Equity |
603.317 |
526.549 |
506.074 |
375.947 |
222.101 |
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Mutation equity |
14,58 |
4,05 |
34,61 |
69,27 |
41,33 |
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Mutation short term liabilities |
-7,06 |
-13,87 |
18,16 |
4,41 |
-10,59 |
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Return on total assets (ROA) |
2,21 |
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Return on equity (ROE) |
15,91 |
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Gross margin |
1.702.915 |
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Operating result |
175.436 |
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Net result after taxes |
76.768 |
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Cashflow |
144.000 |
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EBIT |
175.436 |
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EBITDA |
242.668 |
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Summary
The
2013 financial result structure is a postive working captial of 1.386.745 euro,
which is in agreement with 32 % of the total assets of the company. The working
capital has increased with 7.05 % 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 1.59. 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 0.39. A company
with a Quick Ratio of less than 1 cannot currently pay back its current
liabilities. The 2012 financial result structure is a postive working captial
of 1.295.381 euro, which is in agreement with 29 % of the total assets of the
company. The working capital has diminished with -6.01 % compared to previous year.
The ratio, with respect to the total assets of the company has however,
increased. The deterioration between 2011 and 2012 has mainly been caused by a
reduction of the current assets. The current ratio of the company in 2012 was
1.52. 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
0.42. A company with a Quick Ratio of less than 1 cannot 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 Grafische
Handelsonderneming Ronald Mekes B.V.
Venneveld 1
4705RR Roosendaal
Netherlands
Registration number: 20069406
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 |
295.977 |
262.370 |
151.556 |
125.862 |
203.886 |
|
Financial fixed assets |
319.478 |
348.853 |
429.159 |
500.694 |
538.783 |
|
Fixed assets |
615.455 |
611.223 |
580.715 |
626.556 |
742.669 |
|
|
|
|
|
|
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Total stock |
2.810.274 |
2.757.281 |
3.573.020 |
2.682.613 |
2.105.439 |
|
Total receivables |
905.783 |
1.042.983 |
716.520 |
924.839 |
1.019.844 |
|
Liquid funds |
1.850 |
3.470 |
984 |
1.153 |
1.648 |
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|
|
|
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Current assets |
3.717.907 |
3.803.734 |
4.290.524 |
3.608.605 |
3.126.931 |
|
Total assets |
4.333.362 |
4.414.957 |
4.871.239 |
4.235.161 |
3.869.600 |
|
|
|
|
|
|
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Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Share premium reserve |
1.000.000 |
1.000.000 |
1.000.000 |
1.000.000 |
1.000.000 |
|
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Other reserves |
-491.602 |
-512.077 |
-642.204 |
-796.051 |
-860.995 |
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Non-distributable profit |
76.768 |
20.475 |
130.127 |
153.846 |
64.945 |
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Total reserves |
585.166 |
508.398 |
487.923 |
357.795 |
203.950 |
|
Total equity |
603.317 |
526.549 |
506.074 |
375.947 |
222.101 |
|
|
|
|
|
|
|
|
Provisions |
33.540 |
33.680 |
34.231 |
29.493 |
19.511 |
|
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|
|
|
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Long term interest yielding debt |
1.365.343 |
1.346.375 |
1.418.659 |
1.365.062 |
1.267.538 |
|
|
|
|
|
|
|
|
Long term liabilities |
1.365.343 |
1.346.375 |
1.418.659 |
1.365.062 |
1.267.538 |
|
Short term liabilities |
2.331.162 |
2.508.353 |
2.912.275 |
2.464.659 |
2.360.450 |
|
Total short and long term liabilities |
3.730.045 |
3.888.408 |
4.365.165 |
3.859.214 |
3.647.499 |
|
Total liabilities |
4.333.362 |
4.414.957 |
4.871.239 |
4.235.161 |
3.869.600 |
Summary
The
total assets of the company decreased with -1.85 % between 2012 and 2013. The
total assets are entirely composed of current assets. The asset reduction is in
contrast with the equity growth of 14.58 %. Due to this the total debt
decreased with -4.07 %. In 2013 the assets of the company were 14.2 % composed
of fixed assets and 85.8 % by current assets. The assets are being financed by
an equity of 13.92 %, and total debt of
86.08
%. The total assets of the company decreased with -9.37 % between 2011 and
2012. Despite the total assets decrease, non current assets grew with 5.25 %.
The asset reduction is in contrast with the equity growth of 4.05 %. Due to
this the total debt decreased with -10.92 %. In 2012 the assets of the company
were 13.84 % composed of fixed assets and 86.16 % by current assets. The assets
are being financed by an equity of 11.93 %, and total debt of 88.07 %.
Profit
and loss
|
Year |
|
2013 |
|
|
Gross margin |
1.702.915 |
|
|
|
|
|
|
|
|
Wages and salaries |
732.687 |
|
|
|
|
|
|
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Amorization and depreciation |
67.232 |
|
|
|
|
|
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|
other operating costs |
727.560 |
|
|
|
|
|
|
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Operating expenses |
1.527.479 |
|
|
|
|
|
|
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Operating result |
175.436 |
|
|
|
|
|
|
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Financial income |
41.946 |
|
|
|
|
|
|
|
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Financial expenses |
121.422 |
|
|
|
|
|
|
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Financial result |
-79.476 |
|
|
|
|
|
|
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Result on ordinary operations before taxes |
95.960 |
|
|
|
|
|
|
|
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Taxation on the result of ordinary
activities |
19.192 |
|
|
|
|
|
|
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Result of ordinary activities after taxes |
76.768 |
|
|
|
|
|
|
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Net result |
76.768 |
|
|
Summary
The
company's Financial Profitability has been neutrally affected by the financial
activities in comparison to the EBITs behaviour. The result of these variations
is the unchanged profitability of the analysed period, remaining unchanged at
15.91 in the year 2013.
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 23-06-2014:
De jaarrekening over 2013 is gepubliceerd.
03-07-2013: De jaarrekening over
2012 is gepubliceerd.
06-06-2012: De jaarrekening over
2011 is gepubliceerd.
16-06-2011: De jaarrekening over 2010 is gepubliceerd.
Company
structure
Relations 4
Company Registration
number
Beheermaatschappij Ronald Mekes B.V. (ROOSENDAAL)
20049790
| - - Mekes Handelsonderneming en Adviesbureau B.V. (ROOSENDAAL)
20037858
| - - Grafische Handelsonderneming Ronald Mekes B.V. (Roosendaal)
20069406
| - - Ronald
Mekes Pensioen B.V. (ROOSENDAAL) 20067744
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
UK Pound |
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
-- |
|
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.