|
Report No. : |
340486 |
|
Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOOGENDIJK IMPORT EXPORT B.V. |
|
|
|
|
Registered Office : |
Haringbuisweg 21 3133kp Vlaardingen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
10.07.1962 |
|
|
|
|
Com. Reg. No.: |
24254312 |
|
|
|
|
Legal Form : |
Private company with common structure |
|
|
|
|
Line of Business : |
Wholesale of fish |
|
|
|
|
No. of Employee : |
9 |
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) |
|
Netherland |
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 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 |
HOOGENDIJK IMPORT EXPORT B.V. |
|
Operative address |
Haringbuisweg 21 |
|
|
3133KP VLAARDINGEN |
|
|
Netherlands |
|
Status |
Active |
|
Legal form |
Besloten vennootschap met gewone structuur |
|
Registration number |
KvK-nummer: 24254312 |
|
VAT-number |
001145988 |
|
Year |
|
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
|
352.846 |
|
495.677 |
|
429.451 |
|
|
|
|
-28,82 |
|
15,42 |
|
|
Total receivables |
|
1.506.921 |
|
1.391.926 |
|
1.521.089 |
|
|
|
|
8,26 |
|
-8,49 |
|
|
Total equity |
|
2.493.426 |
|
2.391.183 |
|
2.233.156 |
|
|
|
|
4,28 |
|
7,08 |
|
|
Short term liabilities |
|
1.930.852 |
|
1.630.235 |
|
1.153.259 |
|
|
|
|
18,44 |
|
41,36 |
|
|
Working capital |
|
2.140.580 |
|
1.895.506 |
|
1.880.492 |
|
|
|
|
12,93 |
|
0,80 |
|
|
Quick ratio |
|
1,04 |
|
0,95 |
|
1,32 |
|
|
|
|
9,47 |
|
-28,03 |
|
|
Page: 1 / 7 |
Intended solely for: MIRA INFORM (2015-09-14) |
|
|
|
|
|
|
Company name |
Hoogendijk Import Export B.V. |
|
|
Trade names |
Hoogendijk Import Export B.V. The Ultimate Taste |
|
|
Operative address |
Haringbuisweg 21 |
|
|
|
3133KP VLAARDINGEN |
|
|
|
Netherlands |
|
|
Correspondence address |
Postbus 10 |
|
|
|
3130AA VLAARDINGEN |
|
|
|
Netherlands |
|
|
Telephone number |
010-2486666 |
|
|
Fax number |
0102486600 |
|
|
Email address |
information@hoogendijk.com |
|
|
Website |
www.hoogendijk.com |
|
|
Registration number |
KvK-nummer: 24254312 |
|
Branch number |
000017330459 |
|
VAT-number |
001145988 |
|
Status |
Active |
|
First registration company register |
1962-07-10 |
|
Memorandum |
1962-07-10 |
|
Establishment date |
1962-07-10 |
|
Legal form |
Private company
with common structure |
|
Legal person since |
1972-10-05 |
|
Last proposed admendment |
1996-02-19 |
|
Issued placed capital |
EUR 18.151 |
|
Paid up share capital |
EUR 18.151 |
|
Activities |
|
|
SBI |
46382: Wholesale of fish |
|
Exporter |
Yes |
|
Importer |
Yes |
Goal The wholesale importation, as well as the import and export of fish and fish products and related items
Companies on same
address CMC Vastgoed B.V.
Registration
number: 24293645
Active management Caroline & Marjolein B.V.
Woudweg 3
3137KC VLAARDINGEN Netherlands
Registration number: 24108161
Competence: Fully authorized
Function: Manager
Starting date: 1996-06-27
Cloggie B.V.
Limes 70
3176TE POORTUGAAL Netherlands
Registration number: 24266744
Competence: Fully authorized
Function: Manager
Starting date: 1996-07-15
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
9 |
9 |
9 |
8 |
8 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
1,04 |
0,95 |
1,32 |
1,07 |
2,74 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Current ratio |
2,11 |
2,16 |
2,63 |
2,54 |
4,79 |
|
Working capital/ balance
total |
0,48 |
0,47 |
0,54 |
0,53 |
0,64 |
|
Equity / balance
total |
0,56 |
0,59 |
0,64 |
0,56 |
0,62 |
|
Equity / Fixed
assets |
7,07 |
4,82 |
5,20 |
4,34 |
3,29 |
|
Equity / liabilities |
1,29 |
1,47 |
1,82 |
1,26 |
1,60 |
|
Balance total /
liabilities |
2,29 |
2,47 |
2,82 |
2,26 |
2,60 |
|
Working capital |
2.140.580 |
1.895.506 |
1.880.492 |
1.909.918 |
1.904.838 |
|
Equity |
2.493.426 |
2.391.183 |
2.233.156 |
2.014.922 |
1.822.559 |
|
Mutation equity |
4,28 |
7,08 |
10,83 |
10,55 |
14,97 |
|
Mutation short term
liabilities |
18,44 |
41,36 |
-6,96 |
146,58 |
48,71 |
Summary The 2014 financial
result structure is a postive working captial of 2.140.580 euro, which is in
agreement with 48 % of the total assets of the company.
The working capital has increased with 12.93
% compared to previous year. The ratio, with respect to the total assets of the
company has however, increased.
The improvement between 2013 and 2014 has
mainly been caused by a current liabilities reduction.
The current ratio of the company in 2014 was
2.11. 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
1.04. 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 1.895.506 euro, which is in agreement with 47 % of
the total assets of the company.
The working capital remained unchanged
compared to previous year. The ratio with respect to the total assets of the
company has however, declined.
The unchanged capital can be explained by a
decrease in current assets and an increase in current liabilities.
The current ratio of the company in 2013 was
2.16. 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
0.95. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
|
Last annual account |
2014 |
|
Remark annual account |
There is no financial data published |
|
Type of annual account |
Corporate |
|
Annual account |
Hoogendijk Import Export B.V. |
Haringbuisweg 21
3133KP VLAARDINGEN Netherlands
Registration number: 24254312
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
352.846 |
495.677 |
429.451 |
463.939 |
553.804 |
|
Fixed assets |
352.846 |
495.677 |
429.451 |
463.939 |
553.804 |
|
Total stock |
2.060.202 |
1.978.201 |
1.509.671 |
1.819.161 |
1.027.895 |
|
Total receivables |
1.506.921 |
1.391.926 |
1.521.089 |
1.323.004 |
1.041.279 |
|
Liquid funds |
504.309 |
155.614 |
2.991 |
7.289 |
338.354 |
|
Current assets |
4.071.432 |
3.525.741 |
3.033.751 |
3.149.454 |
2.407.528 |
|
Total assets |
4.424.278 |
4.021.418 |
3.463.202 |
3.613.393 |
2.961.332 |
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
Other reserves |
2.475.275 |
2.373.032 |
2.215.005 |
1.996.771 |
1.804.408 |
|
Total reserves |
2.475.275 |
2.373.032 |
2.215.005 |
1.996.771 |
1.804.408 |
|
Total equity |
2.493.426 |
2.391.183 |
2.233.156 |
2.014.922 |
1.822.559 |
|
Long term interest
yielding debt |
|
|
76.787 |
358.935 |
636.083 |
|
Long term liabilities |
|
|
76.787 |
358.935 |
636.083 |
|
Short term liabilities |
1.930.852 |
1.630.235 |
1.153.259 |
1.239.536 |
502.690 |
|
Total short and
long term liabilities |
1.930.852 |
1.630.235 |
1.230.046 |
1.598.471 |
1.138.773 |
|
Total liabilities |
4.424.278 |
4.021.418 |
3.463.202 |
3.613.393 |
2.961.332 |
Summary The total assets of the company
increased with 10.02 % between 2013 and 2014.
Despite the assets growth, the non current
assets decreased with -28.82 %. The asset growth has mainly been financed by a
debt increase of 18.44 %. The Net Worth, however, grew with 4.28 %.
In 2014 the assets of the company were 7.98
% composed of fixed assets and 92.02 % by current assets. The assets are being
financed by an equity of 56.36 %, and total debt of 43.64 %.
The total assets of the company increased
with 16.12 % between 2012 and 2013. The fixed asset growth of 15.42 % is lower
than the total asset growth. The asset growth has mainly been financed by a
debt increase of 32.53 %. The Net Worth, however, grew with 7.08 %.
In 2013 the assets of the company were 12.33
% composed of fixed assets and 87.67 % by current assets. The assets are being
financed by an equity of 59.46 %, and total debt of 40.54 %.
Branch (SBI) Wholesale trade (no motor vehicles and
motorcycles) (SBI code 46)
Region Groot Rotterdam
Summary In the Netherlands 109662 of the
companies are registered with the SBI code 46
In the region Groot Rotterdam 8969 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 Groot Rotterdam 231 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
Deposits 03-03-2015: De jaarrekening over 2014
is gepubliceerd.
26-02-2014: De jaarrekening over 2013 is
gepubliceerd. 15-02-2013: De jaarrekening over 2012 is gepubliceerd.
27-02-2012: De jaarrekening over 2011 is gepubliceerd. 22-02-2011: De
jaarrekening over 2010 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.