MIRA INFORM REPORT
|
Report No. : |
340889 |
|
Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
VALD. HENRIKSEN B.V. |
|
|
|
|
Registered Office : |
Textielstraat 34 7575CA Oldenzaal |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.09.1990 |
|
|
|
|
Com. Reg. No.: |
06063258 |
|
|
|
|
Legal Form : |
Private Company With Simple Structure |
|
|
|
|
Line of Business : |
Manufacturer of Machinery for Textile, Apparel and Leather Production.
|
|
|
|
|
No. of Employees : |
32 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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
summary
|
Company name |
Vald. Henriksen B.V. |
|
Operative address |
Textielstraat 34 |
|
|
7575CA OLDENZAAL |
|
|
Netherlands |
|
Status |
Active |
|
Legal form |
Private Company With Simple Structure |
|
Registration number |
KvK-nummer: 06063258 |
|
VAT-number |
007809979 |
|
Year |
|
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
|
196.532 |
4,24 |
188.537 |
4,77 |
179.947 |
|
|
|
|
|
|
|
|
|
Total receivables |
|
1.598.377 |
-3,85 |
1.662.319 |
-29,23 |
2.349.029 |
|
|
|
|
|
|
|
|
|
Total equity |
|
-1.017.633 |
36,17 |
-1.594.379 |
10,55 |
-1.782.336 |
|
|
|
|
|
|
|
|
|
Short term liabilities |
|
4.998.584 |
-3,08 |
5.157.194 |
-16,08 |
6.145.158 |
|
|
|
|
|
|
|
|
|
Working capital |
|
-1.188.165 |
31,89 |
-1.744.516 |
9,91 |
-1.936.483 |
|
|
|
|
|
|
|
|
|
Quick ratio |
|
0,43 |
34,38 |
0,32 |
-15,79 |
0,38 |
Contact
Information
|
Company name |
Vald. Henriksen B.V. |
|
Trade names |
Vald. Henriksen B.V. VANWYK Systems Brugman Holland |
|
|
|
|
Operative address |
Textielstraat 34 |
|
|
7575CA OLDENZAAL |
|
|
Netherlands |
|
|
|
|
Correspondence address |
Postbus 437 7570AK OLDENZAAL Netherlands |
|
|
|
|
Telephone number |
0541-571970 |
|
Fax number |
0541530305 |
|
Email address |
info@vanwyk.nl |
|
Website |
www.vanwyk.nl |
Registration
|
Registration number |
KvK-nummer: 06063258 |
|
Branch number |
000018551173 |
|
VAT-number |
007809979 |
|
|
|
|
Status |
Active |
|
First registration company register |
1991-04-24 |
|
Memorandum |
1991-04-24 |
|
Establishment date |
1990-09-25 |
|
|
|
|
Legal form |
Private Company With Simple Structure |
|
Legal person since |
1991-04-24 |
|
Last proposed admendment |
2002-03-25 |
|
|
|
|
Issued placed capital |
EUR 20.000 |
|
Paid up share capital |
EUR 20.000 |
Activities
|
SBI |
2894: Manufacture of machinery for textile, apparel and leather
production |
|
Exporter |
No |
|
Importer |
No |
|
Goal |
De machinebouw Holdingdoel |
Relations
|
Shareholders |
Daneme Holding B.V. |
|
|
Kerkweg 67A 2071NB Santpoort-Noord Netherlands Registration number: 34063854 Percentage: 100% |
|
|
|
|
Companies on same address |
Vanwyk Systems B.V. Registration number: 34034686 |
Management
|
Active management |
A.E.
Roberts Albert Edward Netherlands Competence: Fully authorized Function: Manager Starting date: 1991-04-24 Date of birth: 1945-09-15, Manchester, GB Involved with the following companies: Vanwyk
Systems B.V. Kerkweg 67A 2071NB SANTPOORT-NOORD Netherlands Registration number: 34034686 Function: Manager Daneme
Holding B.V. Kerkweg 67A 2071NB SANTPOORT-NOORD Netherlands Registration number: 34063854 Function: Manager B.J.
Kamp Bernardus Joseph Netherlands Competence: Limited authorization Function: Manager Starting date: 2004-01-01 Date of birth: 1955-11-23, Wognum, NL Involved with the following companies: Vanwyk
Systems B.V. Kerkweg 67A 2071NB SANTPOORT-NOORD Netherlands Registration number: 34034686 Function: Managing Director D.
Vis Donald Netherlands Competence: Fully authorized Function: Proxy Starting date: 2013-10-31 Date of birth: 1959-02-09, Amsterdam, NL Involved with the following companies: Daneme
Holding B.V. Kerkweg 67A 2071NB SANTPOORT-NOORD Netherlands Registration number: 34063854 Function: Manager Vanwyk
Systems B.V. Kerkweg 67A 2071NB SANTPOORT-NOORD Netherlands Registration number: 34034686 Function: Proxy |
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
32 |
32 |
23 |
19 |
15 |
Payment
|
Description |
Payments are made regularly no complaints are known |
Key
Figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,43 |
0,32 |
0,38 |
0,22 |
0,22 |
|
Current ratio |
0,76 |
0,66 |
0,68 |
0,44 |
0,43 |
|
Working capital/ balance
total |
-0,30 |
-0,48 |
-0,44 |
-1,17 |
-1,24 |
|
Equity / balance
total |
-0,25 |
-0,44 |
-0,41 |
-1,11 |
-1,16 |
|
Equity / Fixed
assets |
-5,18 |
-8,46 |
-9,90 |
-15,79 |
-13,99 |
|
Equity / liabilities |
-0,20 |
-0,31 |
-0,29 |
-0,53 |
-0,54 |
|
Balance total /
liabilities |
0,80 |
0,69 |
0,71 |
0,47 |
0,46 |
|
Working capital |
-1.188.165 |
-1.744.516 |
-1.936.483 |
-2.526.830 |
-2.404.895 |
|
Equity |
-1.017.633 |
-1.594.379 |
-1.782.336 |
-2.399.402 |
-2.260.827 |
|
Mutation equity |
36,17 |
10,55 |
25,72 |
-6,13 |
-27,32 |
|
Mutation short term
liabilities |
-3,08 |
-16,08 |
35,72 |
8,09 |
10,78 |
Summary The 2013 financial result structure is a negative working captial of -1.188.165 euro, which is in agreement with -30 % of the total assets of the company.
The working capital has increased
with 31.89 % 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 0.76. 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 0.43. 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 -1.744.516 euro, which is in agreement with -48 % of the total assets of the company.
The working capital has increase with 9.91 % compared to previous year. The ratio with
respect to the total assets of the company has however, declined.
The improvement between 2011 and 2012 has mainly been caused by a current liabilities
reduction.
The current ratio of the company in 2012 was 0.66. 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 0.32. 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 |
Vald. Henriksen
B.V. Textielstraat 34 7575CA OLDENZAAL Netherlands Registration number: 06063258 |
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 |
105.624 |
105.633 |
97.933 |
77.229 |
73.640 |
|
Tangible fixed assets |
66.898 |
59.801 |
59.868 |
52.134 |
67.333 |
|
Financial fixed assets |
24.010 |
23.103 |
22.146 |
22.565 |
20.595 |
|
Fixed assets |
196.532 |
188.537 |
179.947 |
151.928 |
161.568 |
|
Total stock |
1.681.953 |
1.749.033 |
1.859.607 |
1.004.629 |
859.784 |
|
Total receivables |
1.598.377 |
1.662.319 |
2.349.029 |
994.344 |
923.568 |
|
Liquid funds |
530.089 |
1.326 |
39 |
2.077 |
850 |
|
Current assets |
3.810.419 |
3.412.678 |
4.208.675 |
2.001.050 |
1.784.202 |
|
Total assets |
4.006.951 |
3.601.215 |
4.388.622 |
2.152.978 |
1.945.770 |
|
Issued capital |
20.000 |
20.000 |
20.000 |
20.000 |
20.000 |
|
Share premium reserve |
|
|
|
77.229 |
|
|
Legal and statutory
reserve |
105.624 |
105.633 |
97.933 |
|
73.640 |
|
Other reserves |
-1.143.257 |
-1.720.012 |
-1.900.269 |
-2.496.631 |
-2.354.467 |
|
Total reserves |
-1.037.633 |
-1.614.379 |
-1.802.336 |
-2.419.402 |
-2.280.827 |
|
Total equity |
-1.017.633 |
-1.594.379 |
-1.782.336 |
-2.399.402 |
-2.260.827 |
|
Provisions |
26.000 |
38.400 |
25.800 |
24.500 |
17.500 |
|
Short term liabilities |
4.998.584 |
5.157.194 |
6.145.158 |
4.527.880 |
4.189.097 |
|
Total short and
long term liabilities |
5.024.584 |
5.195.594 |
6.170.958 |
4.552.380 |
4.206.597 |
|
Total liabilities |
4.006.951 |
3.601.215 |
4.388.622 |
2.152.978 |
1.945.770 |
Summary The total assets
of the company increased with 11.27 % between 2012 and 2013.
The fixed asset growth of 4.24 % is lower than the total asset growth.
The assets growth has been financed by a Net Worth increase of 36.17 %.
The company's net increase has also covered a reduction of -3.29 % of the
company's indebtedness.
In 2013 the assets of the company were 4.9 % composed of fixed assets
and 95.1 % by
current assets. The assets are being financed by an equity of -25.4 %,
and total debt of 125.4 %.
The total assets of the company decreased with -17.94 % between 2011 and
2012.
Despite the total assets decrease, non current assets grew with 4.77 %.
The asset reduction is in contrast with the equity growth of 10.55 %.
Due to this the total debt decreased with -15.81 %.
In 2012 the assets of the company were 5.24 % composed of fixed assets
and 94.76 % by current assets. The assets are being financed by an equity of
-44.27 %, and total debt of 144.27 %.
Analysis
|
Branch (SBI) |
Manufacture of machinery and equipment n.e.c. (SBI code 28) |
|
Region |
Twente |
|
Summary |
In the Netherlands 4630 of the companies are registered with the SBI
code 28 In the region Twente 253 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 Twente 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 Twente is normal |
Publications
|
Deposits |
10-09-2014: De jaarrekening over 2013 is gepubliceerd. 06-01-2014: De jaarrekening over 2012 is gepubliceerd. 14-09-2012: De jaarrekening over 2011 is gepubliceerd. 06-12-2011: De jaarrekening over 2010 is gepubliceerd. 19-01-2011: De jaarrekening over 2009 is gepubliceerd. |
|
|
|
|
Functions |
05-11-2013: Per 31-10-2013 is gevolmachtigde Donald Vis in functie
getreden. |
|
|
11-07-2013: Per 31-10-2009 is gevolmachtigde Steven Willem Uuldriks
uit functie getreden. |
Company
Structure
|
Relations |
6 |
|
Company |
Registration Number |
|
|
|
|
Daneme Luxembourg S.A.
(2520) |
|
|
| - -
AERO Beheer B.V.
(SANTPOORT-NOORD) |
34370710 |
|
| - -
| - -
Daneme Holding B.V.
(SANTPOORT-NOORD) |
34063854 |
|
| - -
| - - | -
- Vanwyk Automation
B.V. (SANTPOORT-NOORD) |
34034685 |
|
| - -
| - - | -
- Vald. Henriksen
B.V. (OLDENZAAL) |
06063258 |
|
| - -
| - -
AERO Pensioen B.V.
(SANTPOORT-NOORD) |
34370714 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.