MIRA INFORM REPORT
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Report No. : |
340221 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
BEERNINK & BEERNINK B.V. |
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Registered Office : |
Nijverheidsweg 9, 6651KS Druten |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.10.1992 |
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Com. Reg. No.: |
10038355 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is wholesaler of other non-food consumer goods. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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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 |
Company
Summary
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Company Name |
Beernink & Beernink B.V. |
|
Operative Address |
Nijverheidsweg 9 6651KS Druten
Netherlands |
|
Legal Form |
Private Company |
|
Registration Number |
KvK-Nummer: 10038355 |
|
VAT-Number |
801249582 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
|
Fixed assets |
66.219 |
91,99 |
34.491 |
|
|
Total receivables |
627.210 |
-24,64 |
832.321 |
|
|
Total equity |
325.695 |
-25,20 |
435.410 |
|
|
Short term liabilities |
918.542 |
5,54 |
870.352 |
|
|
Working capital |
259.476 |
-35,28 |
400.919 |
|
|
Quick ratio |
0,95 |
-18,80 |
1,17 |
|
Contact
information
Company name Beernink &
Beernink B.V.
Trade names Beernink &
Beernink B.V.
Bear Design
Operative address Nijverheidsweg 9
6651KS Druten
Netherlands
Correspondence address Nijverheidsweg 9
6651KS Druten
Netherlands
Telephone number 0487 517278
Fax number 0487 517459
Email address beernink@novi.net
Registration
Registration number KvK-nummer:
10038355
Registered in Kamer van Koophandel
Midden-Nederland
Branch number 000006621988
VAT-number 801249582
Status Active
First registration company
register 1993-09-06
Memorandum 1993-08-25
Establishment date 1992-10-01
Legal form Private Company
Issued placed capital EUR 18.151
Paid up share capital EUR 18.151
Activities
SBI Wholesale of other
non-food consumer goods n.e.c. (46499)
Exporter No
Importer No
Goal Handelsonderneming
lederwaren, huishoudelijke artikelen en
aanverwante
produkten
Bank
details
Accounts ABN
Amro Bank NV
Account number: 53.81.94.723
Management
Active management C.A.W.
Beernink (Cornelis Adriaan Wilhelmus)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 1993-08-25
Date of birth:
1938-11-26, Rotterdam, NL
W.J.A. Beernink (Willem Jan Alexander)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 1993-08-25
Date of birth: 1965-05-16, Rotterdam, NL
Employees
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
6 |
5 |
6 |
6 |
6 |
Payments
Description The payments are
regular
Key
Figures
|
Year |
2013 |
2012 |
2010 |
2009 |
|
Quick ratio |
0,95 |
1,17 |
1,00 |
0,90 |
|
Current
ratio |
1,28 |
1,46 |
1,29 |
1,18 |
|
Working
capital/ balance total |
0,21 |
0,31 |
0,21 |
0,14 |
|
Equity /
balance total |
0,26 |
0,33 |
0,28 |
0,24 |
|
Equity /
Fixed assets |
4,92 |
12,62 |
4,03 |
2,44 |
|
Equity /
liabilities |
0,35 |
0,50 |
0,39 |
0,31 |
|
Balance total
/ liabilities |
1,35 |
1,50 |
1,39 |
1,31 |
|
Working
capital |
259.476 |
400.919 |
248.591 |
153.878 |
|
Equity |
325.695 |
435.410 |
330.656 |
260.466 |
|
Mutation
equity |
-25,20 |
|
26,95 |
-32,91 |
|
Mutation
Short Term Liabilities |
5,54 |
|
2,36 |
5,65 |
Summary The 2013 financial
result structure is a postive working captial of 259.476 euro,
which
is in agreement with 21 % of the total assets of the company.
The working capital has diminished with -35.28 % compared to previous year.
The ratio, with respect to the total assets of the company has however,
declined.
The deterioration between 2012 and 2013 has mainly been caused by an
increase of the current liabilities.
The current ratio of the company in 2013 was 1.28. 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 0.95. 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
400.919 euro, which is in agreement with 31 % of the total assets of the
company.
The current ratio of the company in 2012 was 1.46. 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 1.17. A company with a Quick
Ratio of more than 1 can 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 Beernink
& Beernink B.V.
Nijverheidsweg 9
6651KS Druten
Netherlands
Registration number: 100383550000
Balance
|
Year |
2013 |
2012 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2010-12-31 |
2009-12-31 |
|
Tangible fixed assets |
43.519 |
34.491 |
82.065 |
106.588 |
|
Financial fixed assets |
22.700 |
|
|
|
|
Fixed assets |
66.219 |
34.491 |
82.065 |
106.588 |
|
Total stock |
302.000 |
256.000 |
247.000 |
238.500 |
|
Total receivables |
627.210 |
832.321 |
701.564 |
571.964 |
|
Liquid funds |
248.808 |
182.950 |
153.814 |
177.480 |
|
Current assets |
1.178.018 |
1.271.271 |
1.102.378 |
987.944 |
|
Total assets |
1.244.237 |
1.305.762 |
1.184.443 |
1.094.532 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
307.544 |
417.259 |
312.505 |
242.315 |
|
Total reserves |
307.544 |
417.259 |
312.505 |
242.315 |
|
Total equity |
325.695 |
435.410 |
330.656 |
260.466 |
|
Short term liabilities |
918.542 |
870.352 |
853.787 |
834.066 |
|
Total short and long term liabilities |
918.542 |
870.352 |
853.787 |
834.066 |
|
Total liabilities |
1.244.237 |
1.305.762 |
1.184.443 |
1.094.532 |
Summary The total assets
of the company decreased with -4.71 % between 2012 and 2013.
Despite the total assets decrease, non current assets grew with 91.99 %.
The asset reduction results in an equity decrease of -25.2 %. Despite
the decrease, the indebtness increased with 5.54 %.
In 2013 the assets of the company were 5.32 % composed of fixed assets
and 94.68 % by current assets. The assets are being financed by an equity of
26.18 %, and total debt of 73.82 %.
In 2012 the assets of the company were 2.64 % composed of fixed assets
and 97.36 % by current assets. The assets are being financed by an equity of
33.35 %, and total debt of 66.65 %.
Analysis
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Nijmegen-Rivierenland
In the Netherlands 109662 of the companies are registered with the SBI
code 46
In the region Nijmegen-Rivierenland 4613 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 Nijmegen-Rivierenland 87 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 Nijmegen-Rivierenland is normal
Publications
Filings 28-11-2014: De
jaarrekening over 2013 is gepubliceerd.
06-12-2013: De jaarrekening over 2012 is
gepubliceerd.
24-09-2013: De jaarrekening over 2010 is
gepubliceerd.
14-03-2011: De jaarrekening over 2009 is
gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.61 |
|
UK Pound |
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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-- |
NB |
New Business |
-- |
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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.