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Report No. : |
346464 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECHNICAL LUBRICANTS INTERNATIONAL B.V. |
|
|
|
|
Registered Office : |
Molenwerf 56 1911DB Uitgeest |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
|
Date of Incorporation : |
21.01.1988 |
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|
|
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Com. Reg. No.: |
34065024 |
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|
|
|
Legal Form : |
Besloten vennootschap met gewone structuur |
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|
Line of Business : |
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|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
|
Company name |
Technical Lubricants International B.V. |
|
Operative address |
Molenwerf 56 |
|
|
1911DB UITGEEST |
|
|
Netherlands |
|
|
|
|
Legal form |
Besloten vennootschap met gewone structuur |
|
Registration number |
KvK-nummer: 34065024 |
|
VAT-number |
008274939 |
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
|
Fixed
assets |
88.553 |
855,06 |
9.272 |
9,08 |
8.500 |
|
|
Total
receivables |
705.861 |
22,03 |
578.451 |
-42,56 |
1.007.032 |
|
|
Total
equity |
450.000 |
28,57 |
350.000 |
16,67 |
300.000 |
|
|
Short term
liabilities |
1.352.850 |
33,53 |
1.013.115 |
-16,95 |
1.219.839 |
|
|
Working
capital |
361.447 |
6,08 |
340.728 |
16,89 |
291.500 |
|
|
Quick
ratio |
0,94 |
-2,08 |
0,96 |
-3,03 |
0,99 |
|
Contact
information
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|
|
|
Company name |
Technical Lubricants International B.V. |
|
Trade names |
Technical Lubricants International B.V. |
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|
"TecLub" |
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Operative address |
Molenwerf 56 |
|
|
1911DB UITGEEST |
|
|
Netherlands |
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Correspondence address |
Postbus 77 |
|
|
1910AB UITGEEST |
|
|
Netherlands |
|
Telephone number |
0251-228957 |
|
Fax number |
0251 213061 |
|
Email address |
info@teclub.nl |
|
Website |
WWW.teclub.nl |
|
|
|
Registration
|
|
|
|
|
|
Registration number |
KvK-nummer: 34065024 |
|
Registered in |
Kamer van Koophandel Amsterdam |
|
Branch number |
000016115945 |
|
VAT-number |
008274939 |
|
Status |
Active |
|
First registration company register |
1988-04-28 |
|
Memorandum |
1988-04-28 |
|
Establishment date |
1988-01-21 |
|
Legal form |
Besloten vennootschap met gewone structuur |
|
Legal person since |
1988-04-28 |
|
Last proposed admendment |
2006-10-20 |
|
Issued placed capital |
EUR 34.958 |
|
Paid up share capital |
EUR 34.958 |
|
|
|
Activities
|
|
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|
|
|
SBI |
19202: Processing of petroleum (no refining) |
|
|
46713: Wholesale of mineral oil products |
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Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
De groothandel in, de fabricage van en de im- en export van
aardolieproducten de |
|
|
vertegenwoordiging van binnen- en buitenlandse fabrikanten en/of
handelsfirma's in de |
|
|
ruimste zin des words |
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Relations
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Shareholders |
Silver
Fox Beheer B.V. |
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|
Hendrik Burgerstraat 3 |
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|
1942EJ BEVERWIJK |
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|
Netherlands |
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|
Registration number: 34166103 |
|
|
Percentage: 100% |
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|
|
|
Companies on same address |
Ardina Car Care B.V. |
|
|
Registration number: 34089175 |
Management
|
|
|
Active management |
Silver Fox Beheer B.V. |
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|
Hendrik Burgerstraat 3 |
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|
1942EJ BEVERWIJK |
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|
Netherlands |
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Registration number: 34166103 |
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Competence: Fully authorized |
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Function: Manager |
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Starting date: 2002-01-01 |
Employees
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|||||
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|
|
|
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|
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|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
8 |
7 |
7 |
5 |
5 |
Key
figures
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||||||
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|
Year |
2014 |
|
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,94 |
|
0,96 |
0,99 |
1,01 |
0,91 |
|
|
|
|
|
|
|
|
|
Current ratio |
1,27 |
|
1,34 |
1,24 |
1,36 |
1,32 |
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|
|
|
|
|
|
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
|
Working
capital/ balance total |
0,20 |
0,25 |
0,19 |
0,26 |
0,24 |
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|
|
|
|
|
|
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Equity / balance
total |
0,25 |
0,26 |
0,20 |
0,27 |
0,25 |
|
|
|
|
|
|
|
|
Equity /
Fixed assets |
5,08 |
37,75 |
35,29 |
30,67 |
23,64 |
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|
|
|
|
|
|
|
Equity /
liabilities |
0,33 |
0,35 |
0,25 |
0,37 |
0,33 |
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|
|
|
|
|
|
|
Balance total
/ liabilities |
1,33 |
1,35 |
1,25 |
1,37 |
1,33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Working
capital |
361.447 |
340.728 |
291.500 |
276.525 |
206.905 |
|
|
|
|
|
|
|
|
Equity |
450.000 |
350.000 |
300.000 |
285.845 |
213.086 |
|
|
|
|
|
|
|
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Mutation
equity |
28,57 |
16,67 |
4,95 |
34,15 |
|
|
|
|
|
|
|
|
|
Mutation
short term liabilities |
33,53 |
-16,95 |
59,44 |
18,49 |
-10,78 |
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|
|
|
|
|
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|
Summary |
The 2014 financial result structure is a postive working captial of 361.447 euro, which is in agreement with 20 % of the total assets of the company. The working capital has increase with 6.08 % compared to previous year. The ratio with respect to the total assets of the company has however, declined. The improvement between 2013 and 2014 has mainly been caused by a current liabilities reduction. The current ratio of the company in 2014 was 1.27. 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 0.94. 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 340.728 euro, which is in agreement with 25 % of the total assets of the company. The working capital has increased with 16.89 % 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 1.34. 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 0.96. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. |
Financial
statement
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||||||
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Last annual account |
2014 |
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Remark annual account |
There is no financial data published |
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Type of annual account |
Corporate |
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Annual account |
Technical Lubricants International B.V. |
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Molenwerf 56 |
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1911DB UITGEEST |
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Netherlands |
|||||
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Registration number: 34065024 |
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Balance
|
|||||
|
|
|
|
|
|
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
88.553 |
9.272 |
8.500 |
9.320 |
9.015 |
|
Fixed assets |
88.553 |
9.272 |
8.500 |
9.320 |
9.015 |
|
|
|
|
|
|
|
|
Total stock |
445.638 |
378.827 |
303.265 |
267.450 |
266.120 |
|
Accounts receivable |
|
|
|
399.065 |
514.956 |
|
|
|
|
|
|
|
|
Other receivables |
|
|
|
110.118 |
71.414 |
|
|
|
|
|
|
|
|
Total receivables |
705.861 |
578.451 |
1.007.032 |
509.183 |
586.370 |
|
Liquid funds |
562.798 |
396.565 |
201.042 |
264.976 |
121 |
|
|
|
|
|
|
|
|
Current assets |
1.714.297 |
1.353.843 |
1.511.339 |
1.041.609 |
852.611 |
|
Total assets |
1.802.850 |
1.363.115 |
1.519.839 |
1.050.929 |
861.626 |
|
|
|
|
|
|
|
|
Issued capital |
34.958 |
34.958 |
34.958 |
34.958 |
34.958 |
|
Other reserves |
415.042 |
315.042 |
265.042 |
250.887 |
178.128 |
|
|
|
|
|
|
|
|
Total reserves |
415.042 |
315.042 |
265.042 |
250.887 |
178.128 |
|
Total equity |
450.000 |
350.000 |
300.000 |
285.845 |
213.086 |
|
|
|
|
|
|
|
|
Long term interest yielding debt |
|
|
|
|
2.834 |
|
|
|
|
|
|
|
|
Long term liabilities |
|
|
|
|
2.834 |
|
Short term liabilities |
1.352.850 |
1.013.115 |
1.219.839 |
765.084 |
645.706 |
|
Total short and long term liabilities |
1.352.850 |
1.013.115 |
1.219.839 |
765.084 |
648.540 |
|
Total liabilities |
1.802.850 |
1.363.115 |
1.519.839 |
1.050.929 |
861.626 |
|
Summary |
The total assets of the company increased with 32.26 % between 2013 and 2014. The total asset increase is retrievable in the fixed asset growth of 855.06 %. The asset growth has mainly been financed by a debt increase of 33.53 %. The Net Worth, however, grew with 28.57 %. In 2014 the assets of the company were 4.91 % composed of fixed assets and 95.09 % by current assets. The assets are being financed by an equity of 24.96 %, and total debt of 75.04 %. The total assets of the company decreased with -10.31 % between 2012 and 2013. Despite the total assets decrease, non current assets grew with 9.08 %. The asset reduction is in contrast with the equity growth of 16.67 %. Due to this the total debt decreased with -16.95 %. In 2013 the assets of the company were 0.68 % composed of fixed assets and 99.32 % by current assets. The assets are being financed by an equity of 25.68 %, and total debt of 74.32 %. |
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 |
28-07-2015: De jaarrekening over 2014 is gepubliceerd. |
|
|
14-04-2014: De jaarrekening over 2013 is gepubliceerd. |
|
|
01-08-2013: De jaarrekening over 2012 is gepubliceerd. |
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|
04-06-2012: De jaarrekening over 2011 is gepubliceerd. |
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|
28-03-2011: De jaarrekening over 2010 is gepubliceerd. |
Company structure
|
||
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Relations |
3 |
|
|
Company |
|
Registration |
|
|
|
number |
|
Silver Fox Beheer B.V. (BEVERWIJK) |
|
34166103 |
|
| - - Technical Lubricants International B.V. (UITGEEST) |
34065024 |
|
|
| - - Ardina Car Care B.V. (UITGEEST) |
|
34089175 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.