|
Report No. : |
347365 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PAQUES B.V. |
|
|
|
|
Registered Office : |
Tjalke de Boerstrjitte 24 8561EL Balk |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.01.1960 |
|
|
|
|
Com. Reg. No.: |
01035327 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery and equipment n.e.c. (2829) |
|
|
|
|
No. of Employee : |
190 |
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 |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLAND - 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 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 |
PAQUES B.V. |
|
Operative address |
Tjalke de Boerstrjitte 24 |
|
|
8561EL Balk |
|
|
Netherlands |
|
Status |
Active |
|
Specification |
This company can meet all its obligations. |
|
Legal form |
Private Company |
|
Registration number |
01035327 |
|
VAT-number |
004278392 |
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
2.139.000 |
53,00 |
1.398.000 |
14,59 |
1.220.000 |
|
Total receivables |
13.800.000 |
-0,16 |
13.822.000 |
-25,25 |
18.490.000 |
|
Total equity |
9.930.000 |
|
9.930.000 |
|
9.930.000 |
|
Short term liabilities |
13.537.000 |
-25,03 |
18.057.000 |
-13,45 |
20.863.000 |
|
Net result |
707.000 |
-75,56 |
2.893.000 |
-36,45 |
4.552.000 |
|
Working capital |
10.623.000 |
-5,52 |
11.244.000 |
9,86 |
10.235.000 |
|
Quick ratio |
1,75 |
10,76 |
1,58 |
8,97 |
1,45 |
|
Company name |
Paques B.V. |
|
Trade names |
Paques B.V. |
|
Operative address |
Tjalke de Boerstrjitte 24 |
|
|
8561EL Balk |
|
|
Netherlands |
|
Correspondence address |
Postbus 52 |
|
|
8560AB Balk |
|
|
Netherlands |
|
Telephone number |
0514608500 |
|
Fax number |
0514603342 |
|
Email address |
info@paques.nl |
|
Website |
|
Registration number |
01035327 |
|
Branch number |
000015856909 |
|
VAT-number |
004278392 |
|
Status |
Active |
|
First registration company register |
1978-03-17 |
|
Memorandum |
1978-03-15 |
|
Establishment date |
1960-01-01 |
|
Legal form |
Private Company |
|
Legal person since |
1978-03-15 |
|
Last proposed admendment |
2008-06-19 |
|
Issued placed capital |
EUR 1.152.892 |
|
Paid up share capital |
EUR 1.152.892 |
|
SBI |
Manufacture of other general-purpose
machinery and equipment n.e.c. (2829) |
|
|
Financial holding (6420) |
|
|
Research and development on agriculture
and fishery (not biotechnical) (72191) |
|
Exporter |
Yes |
|
Importer |
No |
|
Branche organisations |
Aqua Nederland |
VLM -
Vereniging van Leveranciers van Milieutechnologie
|
Goal |
The development of biotechnology processes and process equipment, design, manufacture, installation and export
of process equipment and installations
for water, gas and air
purification, solid waste, and
to undertake any other activities
in the field of environmental technology as well as holding and financing company. |
|
Shareholders |
Paques Holding B.V. |
Tjalke de
Boerstrjitte 24 8561EL BALK
Netherlands
Registration
number: 011169120000
Percentage: 100%
|
Companies on same address |
Amount: 11 |
Active management Paques Holding B.V.
Tjalke de
Boerstrjitte 24 8561EL BALK
Netherlands
Registration
number: 011169120000 Competence: Fully authorized Function: Manager
Starting date:
2013-05-21
J.F. Paques
(Johan Franciscus)
Netherlands
Competence:
Limited authorization Function: Managing Director Starting date: 2015-05-26
Date of birth:
1978-01-11, Rauwerderhem, NL Involved with the following companies
• Stichting
Administratiekantoor Gaasterland Beheer
De
Kolk 4
8551RL
WOUDSEND Netherlands
Registration
number: 011060900000 Function: Manager
J.
Stoer (Johannes)
Netherlands
Competence:
Limited authorization Function: Proxy
Starting date:
2004-05-24
Date of birth: 1953-07-16,
Barradeel, NL
P.J. Pietersma
(Petrus Jacobus)
Netherlands
Competence:
Limited authorization Function: Proxy
Starting date:
2004-05-24
Date of birth:
1958-02-12, Wymbritseradeel, NL
|
Total according to the Chamber of Commerce |
190 |
|
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
|
Total |
190 |
132 |
190 |
190 |
190 |
|
|
Description |
The payments are regular |
|
Key
figures |
|
|
|
|
|
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Quick ratio |
1,75 |
1,58 |
1,45 |
1,67 |
1,27 |
|
|
Current ratio |
1,78 |
1,62 |
1,49 |
1,74 |
1,32 |
|
|
Working capital/ balance total |
0,40 |
0,37 |
0,32 |
0,41 |
0,23 |
|
|
Equity / balance total |
0,38 |
0,32 |
0,31 |
0,32 |
0,22 |
|
|
Equity / Fixed assets |
4,64 |
7,10 |
8,14 |
10,41 |
4,46 |
|
|
Equity / liabilities |
0,61 |
0,48 |
0,44 |
0,46 |
0,28 |
|
|
Balance total / liabilities |
1,61 |
1,48 |
1,44 |
1,46 |
1,28 |
|
|
Working capital |
10.623.000 |
11.244.000 |
10.235.000 |
9.980.000 |
4.416.000 |
|
|
Equity |
9.930.000 |
9.930.000 |
9.930.000 |
7.628.000 |
4.224.000 |
|
|
Mutation equity |
|
|
30,18 |
80,59 |
-11,20 |
|
|
Mutation short term liabilities |
-25,03 |
-13,45 |
54,82 |
-1,75 |
-4,29 |
|
|
Return on total assets (ROA) |
3,49 |
12,60 |
16,61 |
18,78 |
-3,55 |
|
|
Return on equity (ROE) |
9,24 |
38,95 |
54,07 |
59,56 |
-16,05 |
|
|
Gross profit margin |
4,14 |
9,01 |
|
|
|
|
|
Net profit margin |
3,06 |
6,69 |
|
|
|
|
|
Average collection ratio |
1,71 |
2,39 |
|
|
|
|
|
Average payment ratio |
1,68 |
3,13 |
|
|
|
|
|
Equity turnover ratio |
2,33 |
4,35 |
|
|
|
|
|
Total assets turnover ratio |
0,88 |
1,41 |
|
|
|
|
|
Fixed assets turnover ratio |
10,82 |
30,92 |
|
|
|
|
|
Inventory conversion ratio |
50,20 |
54,31 |
|
|
|
|
|
Turnover |
23.142.000 |
43.232.000 |
|
|
|
|
|
Gross margin |
|
|
22.558.000 |
|
|
|
|
Operating result |
959.000 |
3.897.000 |
5.320.000 |
4.378.000 |
-764.000 |
|
|
Net result after taxes |
707.000 |
2.893.000 |
4.552.000 |
3.404.000 |
-534.000 |
|
|
Cashflow |
|
|
4.915.000 |
|
|
|
Gross profit |
|
|
|
9.663.000 |
-7.351.000 |
|
EBIT |
959.000 |
3.897.000 |
5.320.000 |
4.378.000 |
-764.000 |
|
EBITDA |
|
|
5.683.000 |
|
|
Summary The 2014 financial
result structure is a postive working captial of 10.623.000 euro, which is in
agreement with 40 % of the total assets of the company.
The working capital
has diminished with -5.52 % compared to previous year. The ratio, with respect
to the total assets of the company has however, increased.
The deterioration
between 2013 and 2014 has mainly been caused by a reduction of the current
assets.
The current ratio
of the company in 2014 was 1.78. A company with a current ratio between 1.5 and
3.0 generally indicates good short-term financial strength.
The quick ratio in
2014 of the company was 1.75. A company with a Quick Ratio of more than 1 can
currently pay back its current liabilities.
The 2013 financial
result structure is a postive working captial of 11.244.000 euro, which is in
agreement with 37 % of the total assets of the company.
The working
capital has increased with 9.86 % 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 1.62. 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 1.58. A company with a Quick Ratio of more than 1 can
currently pay back its current liabilities.
|
Last annual account |
2014 |
|
|
Remark annual account |
The company is obliged to file its
financial statements. |
|
|
Type of annual account |
Corporate |
|
|
Annual account |
Paques B.V. |
|
Tjalke de Boerstrjitte 24 8561EL
Balk
Netherlands
Registration number:
010353270000
Balance
|
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 |
399.000 |
50.000 |
106.000 |
120.000 |
117.000 |
||||||
|
Tangible fixed assets |
1.685.000 |
1.292.000 |
616.000 |
613.000 |
831.000 |
||||||
|
Financial fixed assets |
55.000 |
56.000 |
498.000 |
|
|
||||||
|
Fixed assets |
2.139.000 |
1.398.000 |
1.220.000 |
733.000 |
948.000 |
||||||
|
Total stock |
461.000 |
796.000 |
890.000 |
929.000 |
770.000 |
||||||
|
Accounts receivable |
3.220.000 |
3.782.000 |
4.834.000 |
5.385.000 |
3.174.000 |
||||||
|
Other receivables |
10.580.000 |
10.040.000 |
13.656.000 |
14.427.000 |
13.909.000 |
||||||
|
Total receivables |
13.800.000 |
13.822.000 |
18.490.000 |
19.812.000 |
17.083.000 |
||||||
|
Securities |
|
|
|
|
167.000 |
||||||
|
Liquid funds |
9.899.000 |
14.683.000 |
11.718.000 |
2.715.000 |
112.000 |
||||||
|
Current assets |
24.160.000 |
29.301.000 |
31.098.000 |
23.456.000 |
18.132.000 |
||||||
|
Total assets |
26.299.000 |
30.699.000 |
32.318.000 |
24.189.000 |
19.080.000 |
||||||
|
Issued capital |
1.153.000 |
1.153.000 |
1.153.000 |
1.153.000 |
1.153.000 |
||||||
|
Share premium reserve |
1.937.000 |
1.937.000 |
1.937.000 |
1.937.000 |
1.937.000 |
||||||
|
Other reserves |
6.840.000 |
6.840.000 |
6.840.000 |
4.538.000 |
1.134.000 |
||||||
|
Total reserves |
8.777.000 |
8.777.000 |
8.777.000 |
6.475.000 |
3.071.000 |
||||||
|
Total equity |
9.930.000 |
9.930.000 |
9.930.000 |
7.628.000 |
4.224.000 |
||||||
|
Provisions |
2.832.000 |
2.712.000 |
1.525.000 |
1.574.000 |
768.000 |
||||||
|
Financial debts |
|
|
|
1.511.000 |
372.000 |
||||||
|
Long term liabilities |
|
|
|
1.511.000 |
372.000 |
||||||
|
Short term liabilities |
13.537.000 |
18.057.000 |
20.863.000 |
13.476.000 |
13.716.000 |
||||||
|
Total short and long term liabilities |
16.369.000 |
20.769.000 |
22.388.000 |
16.561.000 |
14.856.000 |
||||||
|
Total liabilities |
26.299.000 |
30.699.000 |
32.318.000 |
24.189.000 |
19.080.000 |
||||||
Summary The total assets of the company
decreased with -14.33 % between 2013 and 2014.
Despite the total
assets decrease, non current assets grew with 53 %. Assets reduction is being explained
by an indebtedness decrease -21.19 % while the Net Worth remains unchanged.
In 2014 the assets
of the company were 8.13 % composed of fixed assets and 91.87 % by current
assets. The assets are being financed by an equity of 37.76 %, and total debt
of 62.24 %.
The total assets
of the company decreased with -5.01 % between 2012 and 2013. Despite the total
assets decrease, non current assets grew with 14.59 %. Assets reduction is
being explained by an indebtedness decrease -7.23 % while the Net Worth remains
unchanged.
In 2013 the assets
of the company were 4.55 % composed of fixed assets and 95.45 % by current
assets. The assets are being financed by an equity of 32.35 %, and total debt
of 67.65 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
||||
|
Revenues |
24.633.000 |
39.471.000 |
|
31.584.000 |
16.739.000 |
||||
|
Other operating income |
1.491.000 |
-3.761.000 |
|
21.921.000 |
24.090.000 |
||||
|
Net turnover |
23.142.000 |
43.232.000 |
|
|
|
||||
|
Gross margin |
|
|
22.558.000 |
|
|
||||
|
Wages and salaries |
|
|
9.396.000 |
|
|
||||
|
Amorization and depreciation |
|
|
363.000 |
|
|
||||
|
other operating costs |
|
|
7.479.000 |
|
|
||||
|
Operating expenses |
23.674.000 |
35.574.000 |
17.238.000 |
27.206.000 |
17.503.000 |
||||
|
Result in subsidiaries |
-1.000 |
|
|
|
|
||||
|
Operating result |
959.000 |
3.897.000 |
5.320.000 |
4.378.000 |
-764.000 |
||||
|
Financial income |
84.000 |
81.000 |
100.000 |
202.000 |
114.000 |
||||
|
Financial expenses |
124.000 |
110.000 |
51.000 |
37.000 |
28.000 |
||||
|
Financial result |
-40.000 |
-29.000 |
49.000 |
165.000 |
86.000 |
||||
|
Result on ordinary operations before taxes |
918.000 |
3.868.000 |
5.369.000 |
4.543.000 |
-678.000 |
||||
|
Taxation on the result of ordinary
activities |
211.000 |
978.000 |
878.000 |
1.139.000 |
-142.000 |
||||
|
Result of ordinary activities after taxes |
707.000 |
2.890.000 |
4.491.000 |
3.404.000 |
-536.000 |
||||
|
Result subsidiaries after taxes |
|
3.000 |
61.000 |
|
2.000 |
||||
|
Net result |
707.000 |
2.893.000 |
4.552.000 |
3.404.000 |
-534.000 |
||||
Summary The turnover of the company decreased
by -46.47 % between 2013 and 2014.
The operating result
of the company declined with -75.39 % between 2013 and 2014. 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 -72.3 %
of the analysed period, being equal to 2013 % in the year 2014.
This fall has
contributed to a asset turnover decrease, whose index evolved from -37.59 to a
level of 0.88.
The Net Result of
the company increased by -75.56 % between 2013 and 2014. 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 -76.28 % of the analysed period, being 9.24 % in
the year 2014.
The company's financial
profitability has been positively affected by its financial structure.
The operating
result of the company declined with -26.75 % 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 -24.14 % of the analysed period, being equal to 2012 % in the year 2013.
The Net Result of
the company increased by -36.45 % 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 -27.96 % of the analysed period, being 38.95 %
in the year 2013.
The company's
financial profitability has been positively affected by its financial
structure.
|
Branch (SBI) |
Manufacture of machinery and equipment
n.e.c. (28) |
|
Region |
Friesland |
In the Netherlands
4630 of the companies are registered with the SBI code 28
In the region
Friesland 192 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
Friesland 6 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 Friesland is normal
|
Filings |
05-06-2015: De jaarrekening over 2014 is
gepubliceerd. |
05-09-2014: De jaarrekening over 2013 is gepubliceerd.
28-05-2013: De jaarrekening over 2012 is gepubliceerd.
01-05-2012: De jaarrekening over 2011 is gepubliceerd.
29-04-2011: De jaarrekening over 2010 is gepubliceerd.
07-07-2010: De jaarrekening over 2009 is gepubliceerd.
|
Functions |
25-06-2015: Per 26-05-2015 is
gevolmachtigde Johan Franciscus Paques in functie getreden. |
28-05-2013: Per
21-05-2013 is bestuurder 01116912 Paques Holding B.V. in functie getreden.
28-05-2013: Per
21-05-2013 is bestuurder Robert Johannes Joseph Heim uit functie getreden.
|
Relations |
11 |
Paques
Holding B.V.
Tjalke de Boerstrjitte 24 8561EL BALK
Netherlands
Registration number: 011169120000
• Paques
B.V.
Tjalke de
Boerstrjitte 24 8561EL Balk
Netherlands
Registration number:
010353270000
•
Paques Solid Waste Systems BV
Tjalke
de Boerstrjitte 24
8561EL
BALK
Netherlands
Registration
number: 010620880000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
UK Pound |
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
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.