MIRA INFORM REPORT
|
Report No. : |
347067 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
B.V. MACHINEFABRIEK HOUDIJK |
|
|
|
|
Registered Office : |
Trawlerweg 4 3133KS Vlaardingen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.04.1922 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 24222304 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery and equipment |
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|
|
|
No. of Employee : |
59 |
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 |
|
Maximum Credit Limit : |
EUR 1.000.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 |
|
|
|
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 B.V.
Machinefabriek Houdijk
Operative
address Trawlerweg 4
3133KS Vlaardingen
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 24222304
VAT-number
003821079
Credit limit EUR 1.000.000
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
5.520.953 |
156,83 |
2.149.654 |
-17,74 |
2.613.283 |
|
Total receivables |
1.241.965 |
-35,18 |
1.916.086 |
-18,07 |
2.338.717 |
|
Total equity |
5.344.011 |
66,30 |
3.213.518 |
26,20 |
2.546.395 |
|
Short term liabilities |
13.160.271 |
207,95 |
4.273.551 |
-0,53 |
4.296.204 |
|
Net result |
2.130.493 |
219,36 |
667.123 |
-26,65 |
909.486 |
|
Working capital |
-176.942 |
-116,63 |
1.063.864 |
1.690,52 |
-66.888 |
|
Quick ratio |
0,97 |
|
1,16 |
|
0,90 |
Contact
information
Company
name B.V. Machinefabriek Houdijk
Trade
names Houdijk Holland
Operative
address Trawlerweg 4
3133KS Vlaardingen
Netherlands
Correspondence
address Postbus 328
3130AH Vlaardingen
Netherlands
Telephone
number 0104349244
Fax
number 0104601335
Email
address b.houdijk@houdijk.com
Website
www.houdijk.com
Registration
Registration
number KvK-nummer: 24222304
Branch
number 000020562748
VAT-number
003821079
Status
Active
First
registration company
register
1976-06-02
Memorandum
1976-05-28
Establishment
date 1922-04-01
Legal
form Private Company
Legal
person since 1976-05-28
Last
proposed admendment 2007-02-14
Issued
placed capital EUR 69.160
Paid
up share capital EUR 69.160
Activities
SBI
2829: Manufacture of other
general-purpose machinery and equipment n.e.c.
Exporter
No
Importer
No
Goal
Fabricage, de reparatie van
en de handel in machines, motoren, werktuigen en
Gereedschappen
Relations
Shareholders
B.V.
Beheermaatschappij Houdijk
Trawlerweg 4
3133KS VLAARDINGEN
Netherlands
Registration number: 24202068
Percentage: 100%
Branches
B.V.
Machinefabriek Houdijk
Innsbruckweg 97
3047AG ROTTERDAM
Netherlands
Registration number: 24222304
Companies
on same address B.V. Beheermaatschappij
Houdijk
Registration number: 24202068
Stg. Adm.knt. Houdijk
Registration number: 41141546
Management
Active
management B. Houdijk
Bart
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1991-05-01
Date of birth: 1962-01-06, Vlaardingen, NL
L.H.B. Daniilidis Liliana Helena Barbara
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2012-12-01
Date of birth: 1964-01-20, Rotterdam, NL
Employees
|
Total according to the Chamber of Commerce |
59 |
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
59 |
101 |
83 |
67 |
52 |
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,97 |
1,16 |
0,90 |
0,81 |
1,05 |
|
Current ratio |
0,99 |
1,25 |
0,98 |
0,89 |
1,27 |
|
Working capital/ balance
total |
-0,01 |
0,14 |
-0,01 |
-0,09 |
0,19 |
|
Equity / balance
total |
0,29 |
0,43 |
0,37 |
0,20 |
0,28 |
|
Equity / Fixed
assets |
0,97 |
1,49 |
0,97 |
0,69 |
3,22 |
|
Equity / liabilities |
0,41 |
0,75 |
0,59 |
0,25 |
0,39 |
|
Balance total /
liabilities |
1,41 |
1,75 |
1,59 |
1,25 |
1,39 |
|
Working capital |
-176.942 |
1.063.864 |
-66.888 |
-727.957 |
1.052.774 |
|
Equity |
5.344.011 |
3.213.518 |
2.546.395 |
1.636.909 |
1.527.897 |
|
Mutation equity |
66,30 |
26,20 |
55,56 |
7,13 |
56,72 |
|
Mutation short term
liabilities |
207,95 |
-0,53 |
-34,44 |
65,69 |
5,18 |
|
Return on total
assets (ROA) |
14,28 |
11,13 |
16,67 |
1,68 |
13,36 |
|
Return on equity
(ROE) |
49,45 |
25,92 |
44,78 |
8,42 |
47,93 |
|
Gross profit margin |
6,42 |
2,82 |
4,89 |
|
|
|
Net profit margin |
5,38 |
2,59 |
4,13 |
|
|
|
Average collection ratio |
3,01 |
6,04 |
5,13 |
|
|
|
Average payment ratio |
31,87 |
13,47 |
9,42 |
|
|
|
Equity turnover ratio |
7,41 |
8,03 |
8,65 |
|
|
|
Total assets turnover
ratio |
2,14 |
3,45 |
3,22 |
|
|
|
Fixed assets turnover
ratio |
7,17 |
12,00 |
8,43 |
|
|
|
Inventory conversion ratio |
152,14 |
70,68 |
59,53 |
|
|
|
Turnover |
39.587.363 |
25.800.296 |
22.020.901 |
|
|
|
Gross margin |
16.905.406 |
11.402.320 |
|
6.736.919 |
5.493.306 |
|
Operating result |
2.539.968 |
728.260 |
1.077.744 |
10.155 |
571.786 |
|
Net result after
taxes |
2.130.493 |
667.123 |
909.486 |
109.012 |
553.003 |
|
Cashflow |
2.484.899 |
967.945 |
|
251.128 |
644.887 |
|
EBIT |
2.539.968 |
728.260 |
1.077.744 |
10.155 |
571.786 |
|
EBITDA |
2.894.374 |
1.029.082 |
|
152.271 |
663.670 |
Summary The 2014 financial result structure is a
negative working captial of -176.942 euro, which is in
agreement with -1 % of the total assets of
the company.
The working capital has diminished with
-116.63 % 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
0.99. 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
0.97. 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 1.063.864 euro, which is in
agreement with 14 % of the total assets of the
company.
The working capital has increased with
1690.52 % 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
1.25. 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
1.16. 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 B.V.
Machinefabriek Houdijk
Trawlerweg 4
3133KS Vlaardingen
Netherlands
Registration number: 24222304
Balance
sheet
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Intangible fixed assets |
356.528 |
341.236 |
234.574 |
189.472 |
142.494 |
|
Tangible fixed assets |
1.395.119 |
687.848 |
687.103 |
547.002 |
332.629 |
|
Financial fixed assets |
3.769.306 |
1.120.570 |
1.691.606 |
1.628.392 |
|
|
Fixed assets |
5.520.953 |
2.149.654 |
2.613.283 |
2.364.866 |
475.123 |
|
Total stock |
260.196 |
365.037 |
369.915 |
487.354 |
849.293 |
|
Accounts receivable |
697.773 |
1.380.014 |
1.822.146 |
3.509.086 |
2.647.527 |
|
Other receivables |
544.192 |
536.072 |
516.571 |
355.451 |
1.378.211 |
|
Total receivables |
1.241.965 |
1.916.086 |
2.338.717 |
3.864.537 |
4.025.738 |
|
Liquid funds |
11.481.168 |
3.056.292 |
1.520.684 |
1.473.109 |
132.678 |
|
Current assets |
12.983.329 |
5.337.415 |
4.229.316 |
5.825.000 |
5.007.709 |
|
Total assets |
18.504.282 |
7.487.069 |
6.842.599 |
8.189.866 |
5.482.832 |
|
Issued capital |
69.160 |
69.160 |
68.974 |
68.974 |
68.974 |
|
Share premium reserve |
905.920 |
905.920 |
905.920 |
905.920 |
905.920 |
|
Other reserves |
4.368.931 |
2.238.438 |
1.571.501 |
662.015 |
553.003 |
|
Total reserves |
5.274.851 |
3.144.358 |
2.477.421 |
1.567.935 |
1.458.923 |
|
Total equity |
5.344.011 |
3.213.518 |
2.546.395 |
1.636.909 |
1.527.897 |
|
Accounts payable |
369.248 |
1.757.465 |
2.280.726 |
2.741.382 |
2.726.687 |
|
Other short term
liabilities |
12.791.023 |
2.516.086 |
2.015.478 |
3.811.575 |
1.228.248 |
|
Short term liabilities |
13.160.271 |
4.273.551 |
4.296.204 |
6.552.957 |
3.954.935 |
|
Total short and
long term liabilities |
13.160.271 |
4.273.551 |
4.296.204 |
6.552.957 |
3.954.935 |
|
Total liabilities |
18.504.282 |
7.487.069 |
6.842.599 |
8.189.866 |
5.482.832 |
Summary
The total assets of the company increased
with 147.15 % between 2013 and 2014.
The total asset increase is retrievable in
the fixed asset growth of 156.83 %.
The asset growth has mainly been financed by
a debt increase of 207.95 %. The Net Worth,
however, grew with 66.3 %.
In 2014 the assets of the company were 29.84
% composed of fixed assets and 70.16 % by
current assets. The assets are being financed
by an equity of 28.88 %, and total debt of
71.12 %.
The total assets of the company increased
with 9.42 % between 2012 and 2013.
Despite the assets growth, the non current
assets decreased with -17.74 %.
In 2013 the assets of the company were 28.71
% composed of fixed assets and 71.29 % by
current assets. The assets are being financed
by an equity of 42.92 %, and total debt of
57.08 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
39.587.363 |
25.800.296 |
22.020.901 |
|
|
|
Net turnover |
39.587.363 |
25.800.296 |
22.020.901 |
|
|
|
Gross margin |
16.905.406 |
11.402.320 |
|
6.736.919 |
5.493.306 |
|
Wages and salaries |
11.511.766 |
8.282.302 |
|
5.112.681 |
3.622.411 |
|
Amorization and depreciation |
354.406 |
300.822 |
|
142.116 |
91.884 |
|
Sales |
22.681.957 |
14.397.976 |
|
|
|
|
other operating costs |
2.499.266 |
2.090.936 |
|
1.471.967 |
1.207.225 |
|
Operating expenses |
37.047.395 |
25.072.036 |
20.943.157 |
6.726.764 |
4.921.520 |
|
Operating result |
2.539.968 |
728.260 |
1.077.744 |
10.155 |
571.786 |
|
Financial income |
105.894 |
104.773 |
66.075 |
167.335 |
238.179 |
|
Financial expenses |
3.120 |
|
3.467 |
39.687 |
77.719 |
|
Financial result |
102.774 |
104.773 |
62.608 |
127.648 |
160.460 |
|
Result on ordinary
operations before taxes |
2.642.742 |
833.033 |
1.140.352 |
137.803 |
732.246 |
|
Taxation on the
result of ordinary
activities |
512.249 |
165.910 |
230.866 |
28.791 |
179.243 |
|
Result of ordinary
activities after taxes |
2.130.493 |
667.123 |
909.486 |
109.012 |
553.003 |
|
Net result |
2.130.493 |
667.123 |
909.486 |
109.012 |
553.003 |
Summary
The turnover of the company grew with 53.44 %
between 2013 and 2014.
The gross profit of the company grew with 48.26 % between 2013 and 2014.
The operating result of the company grew with
248.77 % between 2013 and 2014. 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 28.3 %
of the analysed period, being equal to 14.28
in the year 2014.
Despite the growth the assets turnover
decreased, whose index evolved with -37.97 % to a
level of 2.14.
The Net Result of the company increased by
219.36 % between 2013 and 2014.
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 90.78 % of the analysed period, being
49.45 in the year 2014.
The company's financial structure has slowed
down its financial profitability.
The turnover of the company grew with 17.16 %
between 2012 and 2013.
The operating result of the company declined
with -32.43 % 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 -33.23
% of the analysed period, being equal to
11.13 in the year 2013.
Despite the decline the assets turnover
increased by 7.14 % reaching 3.45.
The Net Result of the company decreased by
-26.65 % 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
-42.12 % of the analysed period, being 25.92
in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch
(SBI) Manufacture of machinery
and equipment n.e.c. (SBI code 28)
Region Groot Rotterdam
Summary
In the Netherlands 4630 of the
companies are registered with the SBI code 28
In the region Groot Rotterdam 299 of the
companies are registered with the SBI code 28
In the Netherlands 136 of the bankrupcties
are published within this sector
In the region Groot Rotterdam 8 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 Groot Rotterdam is normal
Publications
Deposits
10-04-2015: De jaarrekening
over 2014 is gepubliceerd.
21-03-2014: De jaarrekening over 2013 is
gepubliceerd.
11-04-2013: De jaarrekening over 2012 is
gepubliceerd.
30-05-2012: De jaarrekening over 2011 is
gepubliceerd.
15-07-2011: De jaarrekening over 2010 is
gepubliceerd.
Functions 11-02-2013: Per 01-12-2012 is gevolmachtigde
Liliana Helena Barbara Daniilidis in functie getreden.
Company
structure
Relations
3
Company
Registration
number
Stg.
Adm.knt. Houdijk (VLAARDINGEN)
41141546
|
- - B.V. Beheermaatschappij Houdijk (VLAARDINGEN) 24202068
|
- - | - - B.V. Machinefabriek Houdijk (Vlaardingen) 24222304
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.9973 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.