MIRA INFORM REPORT
|
Report No. : |
339488 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
COÖPERATIEVE VERENIGING DE NIEUWE BAND U.A. |
|
|
|
|
Registered Office : |
Noorderringweg 12, 9363TC Marum |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
13.12.1982 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 02039178 |
|
|
|
|
Legal Form : |
Coöperatie U.A. Met Gewone Structuur |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of other food |
|
|
|
|
No. of Employee : |
55 |
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 |
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
COÖPERATIEVE VERENIGING DE NIEUWE BAND U.A.
Summary
|
Company name |
Coöperatieve Vereniging De Nieuwe Band
U.A. |
|
Operative address |
Noorderringweg 12 |
|
|
9363TC MARUM |
|
|
Netherlands |
|
Legal form |
Coöperatie U.A. met gewone structuur |
|
Registration number |
KvK-nummer: 02039178 |
|
VAT-number |
006163300 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
1.454.939 |
-8,28 |
1.586.256 |
11,53 |
1.422.319 |
|
|
|
|
|
|
|
|
Total receivables |
725.093 |
12,00 |
647.385 |
33,10 |
486.384 |
|
|
|
|
|
|
|
|
Total equity |
131.300 |
1.664,07 |
7.443 |
|
7.443 |
|
|
|
|
|
|
|
|
Short term
liabilities |
2.424.401 |
-3,78 |
2.519.628 |
15,67 |
2.178.232 |
|
|
|
|
|
|
|
|
Net result |
123.857 |
|
|
|
|
|
Working capital |
412.008 |
1.246,92 |
-35.923 |
-314,29 |
-8.671 |
|
|
|
|
|
|
|
|
Quick ratio |
0,31 |
14,81 |
0,27 |
17,39 |
0,23 |
Contact
information
|
Company name |
COÖPERATIEVE VERENIGING DE NIEUWE BAND U.A. |
|
|
|
|
Trade names |
De Nieuwe Band |
|
|
|
|
Operative address |
Noorderringweg 12 |
|
|
9363TC MARUM |
|
|
Netherlands |
|
|
|
|
Correspondence address |
Noorderringweg 12 |
|
|
9363TC MARUM |
|
|
Netherlands |
|
|
|
|
Telephone number |
0594-645300 |
|
Fax number |
0594 643385 |
|
Email address |
info@nieuweband.nl |
|
Website |
www.nieuweband.nl |
Registration
|
Registration number |
KvK-nummer: 02039178 |
|
Registered in |
Kamer van Koophandel Noord-Nederland |
|
Branch number |
000015366499 |
|
VAT-number |
006163300 |
|
Status |
Active |
|
First registration company register |
1982-12-13 |
|
Memorandum |
1982-12-13 |
|
Establishment date |
1982-12-13 |
|
Legal form |
Coöperatie U.A. met gewone structuur |
|
Last proposed admendment |
2002-02-13 |
Activities
|
SBI |
46383: Wholesale of other food . |
|
Exporter |
Yes |
|
Importer |
Yes |
|
Branche organisations |
VBP - Vereniging Biologische Producenten en Handel |
|
Goal |
Groothandel in alsmede im- en export van biologische levensmiddelen |
Relations
|
Shareholders |
Amborio B.V. |
|
|
Eekholt 40 |
|
|
1112XH DIEMEN |
|
|
Netherlands |
|
|
Registration number: 54264529 Percentage: 100% |
|
|
|
|
|
Varova Fashion Holding B.V. Maliebaan 27 3581CC UTRECHT Netherlands Registration number: 58602208 Percentage: 100% |
|
|
|
|
Branches |
Coöperatieve Vereniging De Nieuwe Band
U.A. |
|
|
Legolaan 12 9861AT GROOTEGAST Netherlands Registration number: 02039178 Coöperatieve Vereniging De Nieuwe Band
U.A. Energieweg 5 9363ER MARUM Netherlands Registration number: 02039178 |
|
|
|
|
Companies on same address |
Stichting 'De Korenbloem' Registration number: 41011958 Stichting Noordelijke Ekologiese
Levensmiddelendistributie Registration number: 41010246 Stichting tot Bevordering van de Alternatieve
Landbouw Registration number: 41010608 |
Bank
details
|
Accounts |
Deutsche Bank AG |
|
|
Account number: NL44DEUT0525994416 BIC: DEUTNL2N ING Bank NV Account number: NL16INGB0005706048 BIC: INGBNL2A Triodosbank NV Account number: NL55TRIO0212182765 BIC: TRIONL2U |
Management
|
Active management |
Intertrust (Netherlands) B.V. Prins Bernhardplein 200 1097JB Amsterdam Netherlands Registration number: 33144202 Function: Manager J.W. de Jong Beheer B.V. Veenweideweg 5 2957LD NIEUW-LEKKERLAND Netherlands Registration number: 23088619 Function: Manager Amborio B.V. Eekholt 40 1112XH DIEMEN Netherlands Registration number: 54264529 Function: Manager Thunnissen Ontwikkeling en Beleggingen
B.V. Cruquiusweg 1 2102LS HEEMSTEDE Netherlands Registration number: 34242747 Function: Manager Varova Management B.V. Maliebaan 27 3581CC UTRECHT Netherlands Registration number: 17220624 Function: Manager Career Control Holding B.V. Oostdam 10 3441EN WOERDEN Netherlands Registration number: 30279008 Function: Manager A. ten Dam Allard Netherlands Competence: Jointly authorized Function: Chairman Starting date: 1998-08-24 Date of birth: 1959-02-03, Zwolle, NL INVOLVED WITH
THE FOLLOWING COMPANIES: Coöperatieve Vereniging De Nieuwe Band
U.A. Energieweg 5 9363ER MARUM Netherlands Registration number: 02039178 Function: Chairman H. Nijstad - van Engen Hendrika Netherlands Competence: Jointly authorized Function: Manager Starting date: 1998-08-24 Date of birth: 1955-05-23, Ruinerwold, NL INVOLVED WITH
THE FOLLOWING COMPANIES: Coöperatieve Vereniging De Nieuwe Band
U.A. Energieweg 5 9363ER MARUM Netherlands Registration number: 02039178 Function: Manager A. Teeuwen Andreas Netherlands Competence: Jointly authorized Function: Treasurer Starting date: 1982-12-13 Date of birth: 1951-01-07, Haarlem, NL INVOLVED WITH
THE FOLLOWING COMPANIES: Coöperatieve Vereniging De Nieuwe Band
U.A. Energieweg 5 9363ER MARUM Netherlands Registration number: 02039178 Function: Treasurer |
Employees
|
Year |
2015 |
2013 |
2012 |
2011 |
2010 |
|
Total |
55 |
53 |
54 |
54 |
55 |
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,31 |
0,27 |
0,23 |
0,24 |
0,31 |
|
Current ratio |
1,17 |
0,99 |
1,00 |
1,01 |
1,04 |
|
Working capital/
balance total |
0,10 |
-0,01 |
0,00 |
0,01 |
0,02 |
|
Equity /
balance total |
0,03 |
0,00 |
0,00 |
0,00 |
0,00 |
|
Equity /
Fixed assets |
0,09 |
0,00 |
0,01 |
0,01 |
0,01 |
|
Equity /
liabilities |
0,03 |
0,00 |
0,00 |
0,00 |
0,00 |
|
Balance total
/ liabilities |
1,03 |
1,00 |
1,00 |
1,00 |
1,00 |
|
Working capital |
412.008 |
-35.923 |
-8.671 |
23.529 |
83.315 |
|
Equity |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Mutation equity |
1.664,07 |
|
|
|
104,02 |
|
Mutation short
term liabilities |
-3,78 |
15,67 |
-1,96 |
15,44 |
-4,58 |
|
Return on
total assets (ROA) |
11,41 |
1,53 |
2,21 |
6,41 |
9,48 |
|
Return on
equity (ROE) |
372,96 |
836,41 |
1.066,85 |
3.121,08 |
4.368,28 |
|
Gross profit
margin |
|
|
|
|
3,32 |
|
Net profit
margin |
|
|
|
|
1,39 |
|
Average collection
ratio |
|
|
|
|
7,20 |
|
Average payment
ratio |
|
|
|
|
24,39 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Equity turnover
ratio |
|
|
|
|
1.862,76 |
|
Total assets
turnover ratio |
|
|
|
|
4,04 |
|
Fixed assets
turnover ratio |
|
|
|
|
9,76 |
|
Inventory conversion
ratio |
|
|
|
|
9,78 |
|
Turnover |
|
|
|
|
13.864.526 |
|
Gross margin |
3.612.497 |
3.116.608 |
3.042.517 |
3.107.571 |
2.859.320 |
|
Operating result |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
|
Net result
after taxes |
123.857 |
|
|
|
192.481 |
|
Cashflow |
264.119 |
132.727 |
91.431 |
107.852 |
304.680 |
|
Gross profit |
|
|
|
|
13.864.526 |
|
EBIT |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
|
EBITDA |
729.462 |
293.083 |
274.544 |
452.396 |
572.008 |
Summary
The 2013 financial result structure is a postive working captial of
412.008 euro, which is in agreement with 10 % of the total assets of the
company.
The working capital has increased with 1246.92 % 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 1.17. 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 0.31. A company with a Quick
Ratio of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a negative working captial of
-35.923 euro, which is in agreement with -1 % of the total assets of the
company.
The working capital has diminished with -314.29 % 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 an
increase of the current liabilities.
The current ratio of the company in 2012 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 2012 of the company was 0.27. 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 |
There is no financial data published |
|
Type of annual account |
Corporate |
|
Annual account |
Coöperatieve Vereniging De Nieuwe Band U.A. Noorderringweg 12 9363TC MARUM Netherlands Registration number: 02039178 |
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible fixed assets |
33.592 |
46.483 |
17.478 |
25.963 |
34.448 |
|
Tangible fixed assets |
1.381.289 |
1.496.373 |
1.398.561 |
1.351.963 |
1.386.811 |
|
Financial fixed assets |
40.058 |
43.400 |
6.280 |
3.000 |
|
|
Fixed assets |
1.454.939 |
1.586.256 |
1.422.319 |
1.380.926 |
1.421.259 |
|
Total stock |
2.096.498 |
1.815.323 |
1.664.011 |
1.715.949 |
1.417.560 |
|
Accounts receivable |
|
|
423.416 |
486.852 |
517.023 |
|
Other receivables |
|
|
62.968 |
38.462 |
51.420 |
|
Total receivables |
725.093 |
647.385 |
486.384 |
525.314 |
568.443 |
|
Liquid funds |
14.818 |
20.997 |
19.166 |
4.040 |
21.942 |
|
Current assets |
2.836.409 |
2.483.705 |
2.169.561 |
2.245.303 |
2.007.945 |
|
Total assets |
4.291.348 |
4.069.961 |
3.591.880 |
3.626.229 |
3.429.204 |
|
Other reserves |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Total reserves |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Total equity |
131.300 |
7.443 |
7.443 |
7.443 |
7.443 |
|
Long term interest
yielding debt |
762.500 |
792.500 |
938.763 |
1.001.692 |
944.997 |
|
Financial debts |
193.675 |
216.600 |
|
|
280.542 |
|
Long term liabilities |
956.175 |
1.009.100 |
938.763 |
1.001.692 |
1.225.539 |
|
Accounts payable |
|
1.530.903 |
|
|
1.037.816 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Other short term
liabilities |
|
988.725 |
|
|
886.814 |
|
Short term liabilities |
2.424.401 |
2.519.628 |
2.178.232 |
2.221.774 |
1.924.630 |
|
Other liabilities |
779.472 |
533.790 |
467.442 |
395.320 |
271.592 |
|
Total short and
long term liabilities |
4.160.048 |
4.062.518 |
3.584.437 |
3.618.786 |
3.421.761 |
|
Total liabilities |
4.291.348 |
4.069.961 |
3.591.880 |
3.626.229 |
3.429.204 |
Summary
The total assets of the company increased with 5.44 % between 2012 and
2013.
Despite the assets growth, the non current assets decreased with -8.28
%. The asset growth has mainly been financed by a Net Worth increase of 1664.07
%. Debt, however, grew with 2.4 %.
In 2013 the assets of the company were 33.9 % composed of fixed assets
and 66.1 % by current assets. The assets are being financed by an equity of
3.06 %, and total debt of 96.94 %.
The total assets of the company increased with 13.31 % between 2011 and
2012. The fixed asset growth of 11.53 % is lower than the total asset growth.
The asset growth is explained by a reduction of 13.34 % of the company's
indebtness, this while, the Net Worth remains unchanged.
In 2012 the assets of the company were 38.97 % composed of fixed assets
and 61.03 % by current assets. The assets are being financed by an equity of
0.18 %, and total debt of 99.82 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
||
|
Revenues |
|
|
|
|
13.899.989 |
||
|
Other operating income |
|
|
|
|
35.463 |
||
|
Net turnover |
|
|
|
|
13.864.526 |
||
|
Gross margin |
3.612.497 |
3.116.608 |
3.042.517 |
3.107.571 |
2.859.320 |
||
|
Wages and salaries |
1.813.567 |
1.719.588 |
1.780.157 |
1.725.752 |
1.507.235 |
||
|
Amorization and depreciation |
140.262 |
132.727 |
91.431 |
107.852 |
112.199 |
||
|
Sales |
|
|
|
|
11.005.206 |
||
|
other operating costs |
1.069.468 |
1.103.937 |
987.816 |
929.423 |
815.540 |
||
|
Operating expenses |
3.023.297 |
2.956.252 |
2.859.404 |
2.763.027 |
13.440.180 |
||
|
Operating result |
589.200 |
160.356 |
183.113 |
344.544 |
459.809 |
||
|
Financial income |
|
3.222 |
|
|
147 |
||
|
Financial expenses |
|
101.324 |
103.707 |
112.242 |
134.825 |
||
|
Financial result |
-99.503 |
-98.102 |
-103.707 |
-112.242 |
-134.678 |
||
|
Result on ordinary operations
before taxes |
489.697 |
62.254 |
79.406 |
232.302 |
325.131 |
||
|
Taxation on the
result of ordinary
activities |
|
|
|
|
33.267 |
||
|
Result of ordinary
activities after taxes |
489.697 |
62.254 |
79.406 |
232.302 |
291.864 |
||
|
Extraordinary income |
|
|
|
|
1.587 |
||
|
Extraordinary expense |
365.840 |
62.254 |
|
232.302 |
101.643 |
||
|
Extraordinary result after
taxation |
-365.840 |
-62.254 |
|
-232.302 |
-100.056 |
||
|
Result subsidiaries after
taxes |
|
|
-79.406 |
|
673 |
||
|
Net result |
123.857 |
|
|
|
192.481 |
||
Summary
The gross profit of the company grew with 15.91 % between 2012 and 2013.
The operating result of the company grew with 267.43 % 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 645.75 % of the analysed period, being equal to 2012 % in the
year 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 -55.41 % of the analysed
period, being 372.96 % in the year 2013.
The company's financial profitability has been positively affected by
its financial structure.
The gross profit of the company grew with 2.44 % between 2011 and 2012.
The operating result of the company declined with -12.43 % 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 -30.77 % of the analysed period, being equal to 2011
% in the year 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 -21.6 % of the analysed period,
being 836.41 % 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 |
Groningen |
|
Summary |
In the Netherlands 109662 of the companies are registered with the SBI code 46 In the region Groningen 2092 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 Groningen 53 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 Groningen is normal |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.