MIRA INFORM REPORT
|
Report No. : |
341913 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
AGROPLANT HOLLAND B.V. |
|
|
|
|
Registered Office : |
Almereweg
35A 1671ND Medemblik |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
21.05.1924 |
|
|
|
|
Com. Reg. No.: |
36035743 |
|
|
|
|
Legal Form : |
Private company with common structure |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
Not Available |
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 |
Summary
Company name Agroplant
Holland B.V.
Operative address Almereweg 35A
1671ND MEDEMBLIK
Netherlands
Legal form Besloten vennootschap
met gewone structuur
Registration number KvK-nummer:
36035743
VAT-number 009757570
Year 2014
Mutation 2013 Mutation
2012
Fixed assets 856.743
48,83 575.643 16,90
492.434
Total receivables 1.385.195
-72,22 4.986.178 44,22
3.457.429
Total equity 2.431.125
-31,21 3.533.900 16,76
3.026.624
Short term liabilities .328.023
-34,53 3.556.119 193,08
1.213.377
Net result 397.225
Working capital 1.574.382
-46,78 2.958.257 16,73
2.534.190
Quick ratio 1,68
-8,20 1,83 -40,78 3,09
Contact
information
Company name Agroplant
Holland B.V.
Trade names Agroplant
Holland B.V.
Wolf & Wolf
Operative address Almereweg 35A
1671ND MEDEMBLIK
Netherlands
Correspondence address Postbus 12
1670AA MEDEMBLIK
Netherlands
Telephone number 0227-541217
Fax number 0227544613
Email address info@agroplant.nl
Registration
Registration number KvK-nummer:
36035743
Branch number 000016528212
VAT-number 009757570
Status Active
First registration company register 1990-07-03
Memorandum 1990-07-03
Establishment date 1924-05-21
Legal form Besloten
vennootschap met gewone structuur
Legal person since 1990-07-03
Last proposed admendment 2002-06-10
Issued placed capital EUR 18.200
Paid up share capital EUR 18.200
Activities
SBI 0111: Growing
of cereals, leguminous crops and oil seeds
46219:
Wholesale of other agricultural products
Exporter Yes
Importer Yes
Branche
organisations Plantum
(Branchevereniging voor de sector plantaardig uitgangsmateriaal)
Goal Teelt, import- en
export van en groothandel in land- en tuinbouwprodukten
Relations
Shareholders Familie
van der Lee Holding B.V.
Almereweg 35A
1671ND MEDEMBLIK
Netherlands
Registration number:
37115060
Percentage: 100%
Companies on same address Bram
van der Lee Beheer B.V.
Registration number:
37115062
Familie van der Lee Holding
B.V.
Registration number:
37115060
Jan van der Lee Beheer B.V.
Registration number:
37115065
Joris van der Lee Beheer
B.V.
Registration number:
37115061
Koel- en Vrieshuis Medemblik
B.V.
Registration number:
36007148
Van der Lee Beheer B.V.
Registration number:
36017211
Actrice Beheer B.V.
Registration number:
37158390
Qualituber B.V.
Registration number: 56909535
Bank
details
Accounts ABN
Amro Bank NV
Account number:
58.68.28.001
BIC: ABNANL2A
Management
Active management J.T.A.
van der Lee Johannes Theodorus Adrianus
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date: 1990-07-03
Date of birth: 1945-10-09,
Medemblik, NL
J.A.L. van der Lee Joris
Adrianus Lucas
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date: 2014-02-01
Date of birth: 1977-05-14,
Medemblik, NL
A.A.J. van der Lee Abraham
Adrianus Joris
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date: 2014-02-01
Date of birth: 1974-02-27,
Medemblik, NL
J.T. van der Lee Johannes
Theodorus
Netherlands
Competence: Fully
authorized
Function: Manager
Starting date: 2014-02-01
Date of birth: 1975-08-09,
Medemblik, NL
Employees
Year 2015
2014 2013 2012 2011
Total 0
0 14 14 13
Payments
Description Overeenkomstig
conditie
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
1,68 |
1,83 |
3,09 |
2,47 |
2,59 |
|
Current ratio |
1,68 |
1,83 |
3,09 |
2,47 |
2,59 |
|
|
|||||
|
Working capital/ balance total |
0,33 |
0,42 |
0,60 |
0,53 |
0,55 |
|
Equity / balance total |
0,51 |
0,50 |
0,71 |
0,64 |
0,65 |
|
Equity / Fixed assets |
2,84 |
6,14 |
6,15 |
5,76 |
6,51 |
|
Equity / liabilities |
1,04 |
0,99 |
2,49 |
1,78 |
1,88 |
|
Balance total / liabilities |
2,04 |
1,99 |
3,49 |
2,78 |
2,88 |
|
|
|||||
|
Working capital |
1.574.382 |
2.958.257 |
2.534.190 |
2.070.422 |
1.849.216 |
|
Equity |
2.431.125 |
3.533.900 |
3.026.624 |
2.505.323 |
2.184.549 |
|
Mutation equity |
-31,21 |
16,76 |
20,81 |
14,68 |
13,79 |
|
Mutation short term liabilities |
-34,53 |
193,08 |
-13,79 |
20,86 |
-14,51 |
|
|
|||||
|
Return on total assets (ROA) |
10,29 |
|
|
|
|
|
Return on equity (ROE) |
20,13 |
|
|
|
|
|
Gross margin |
2.098.100 |
|
|
|
|
|
Operating result |
480.410 |
|
|
|
|
|
Net result after taxes |
397.225 |
|
|
|
|
|
Cashflow |
532.113 |
|
|
|
|
|
EBIT |
480.410 |
|
|
|
|
|
EBITDA |
615.298 |
|
|
|
|
Summary The 2014
financial result structure is a postive working captial of 1.574.382 euro,
which is in agreement with 33 % of the total assets of the company.
The working capital has diminished
with -46.78 % compared to previous year. The ratio, with respect to the total
assets of the company has however, declined.
The deterioration between
2013 and 2014 has mainly been caused by an increase of the current liabilities.
The current ratio of the
company in 2014 was 1.68. 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 1.68. 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 2.958.257 euro, which is in agreement
with 42 % of the total assets of the company.
The working capital has
increase with 16.73 % compared to previous year. The ratio with respect to the
total assets of the company has however, declined.
The improvement between
2012 and 2013 has mainly been caused by a current liabilities reduction.
The current ratio of the
company in 2013 was 1.83. 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 1.83. A company with a Quick Ratio of more than 1 can currently
pay back its current liabilities.
Financial
statement
Last annual account 2014
Remark annual account There is no
financial data published
Type of annual account Corporate
Annual account Agroplant
Holland B.V.
Almereweg 35A
1671ND MEDEMBLIK
Netherlands
Registration number:
36035743
Balance
|
Year End date |
2014 2014-06-30 |
2013 2013-06-30 |
2012 2012-06-30 |
2011 2011-06-30 |
2010 2010-06-30 |
|
Tangible fixed assets |
828.876 |
1 551.056 |
466.616 |
417.883 |
318.315 |
|
Financial fixed assets |
27.867 |
24.587 |
25.818 |
17.018 |
17.018 |
|
Fixed
assets |
856.743 |
575.643 |
492.434 |
434.901 |
335.333 |
|
Accounts
receivable |
1.101.569 |
|
|
|
|
|
Other
receivables |
283.626 |
|
|
|
|
|
Total
receivables |
1.385.195 |
4.986.178 |
3.457.429 |
2.356.058 |
2.502.138 |
|
Liquid
funds |
2.517.210 |
1.528.198 |
290.138 |
1.121.845 |
511.633 |
|
Current
assets |
3.902.405 |
6.514.376 |
3.747.567 |
3.477.903 |
3.013.771 |
|
Total
assets |
4.759.148 |
7.090.019 |
4.240.001 |
3.912.804 |
3.349.104 |
|
Issued
capital |
18.200 |
18.200 |
18.200 |
18.200 |
18.200 |
|
Legal
and statutory reserve |
|
18.187 |
|
|
|
|
Legal and statutory reserve |
|
18.187 |
|
|
|
|
Other reserves |
2.412.925 |
3.497.513 |
3.008.424 |
2.487.123 |
2.166.349 |
|
Total reserves |
2.412.925 |
3.515.700 |
3.008.424 |
2.487.123 |
2.166.349 |
|
Total
equity |
2.431.125 |
3.533.900 |
3.026.624 |
2.505.323 |
2.184.549 |
|
Short
term liabilities |
2.328.023 |
3.556.119 |
1.213.377 |
1.407.481 |
1.164.555 |
|
Total short and long term liabilities |
2.328.023 |
3.556.119 |
1.213.377 |
1.407.481 |
1.164.555 |
|
Total liabilities |
4.759.148 |
7.090.019 |
4.240.001 |
3.912.804 |
3.349.104 |
Summary The total
assets of the company decreased with -32.88 % between 2013 and 2014.
Despite the
total assets decrease, non current assets grew with 48.83 %.
Assets reduction is
explained by a Net Worth decrease of -31.21 %, and an indebtedness reduction of
-34.53 %.
In 2014 the assets of the
company were 18 % composed of fixed assets and 82 % by current assets. The
assets are being financed by an equity of 51.08 %, and total debt of 48.92 %.
The total assets of the
company increased with 67.22 % between 2012 and 2013.
The fixed asset
growth of 16.9 % is lower than the total asset growth.
The asset growth has mainly
been financed by a debt increase of 193.08 %. The Net Worth, however, grew with
16.76 %.
In 2013 the assets of the
company were 8.12 % composed of fixed assets and 91.88 % by current assets. The
assets are being financed by an equity of 49.84 %, and total debt of 50.16 %.
Profit and
loss
|
Year |
2014 |
|
|
Gross margin |
2.098.100 |
|
|
|
||
|
Wages and salaries |
578.655 |
|
|
Amorization and depreciation |
134.888 |
|
|
other operating costs |
904.147 |
|
|
Operating expenses |
1.617.690 |
|
|
Operating result |
480.410 |
|
|
|
||
|
Financial income |
92.125 |
|
|
Financial expenses |
83.044 |
|
|
Financial result |
9.081 |
|
|
Result on ordinary operations before taxes |
489.491 |
|
|
|
||
|
Taxation on the result of ordinary
activities |
93.396 |
|
|
Result of ordinary activities after taxes |
396.095 |
|
|
|
||
|
Result subsidiaries after taxes |
1.130 |
|
|
Net result |
397.225 |
|
Summary The company's Financial
Profitability has been neutrally affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is the
unchanged profitability of the analysed period, remaining unchanged at 20.13 %
in the year 2014.
Analysis
Branch (SBI) AGRICULTURE
(SBI code 01)
Region Noord-Holland
Noord
Summary In the
Netherlands 74409 of the companies are registered with the SBI code 01
In the region Noord-Holland
Noord 3553 of the companies are registered with the SBI code 01
In the Netherlands 350 of
the bankrupcties are published within this sector
In the region Noord-Holland
Noord 18 of the bankruptcies are published within this sector
The risk of this specific
sector in the Netherlands is Low
The risk of this specific
sector in the region Noord-Holland Noord is Low
Publications
Deposits 24-11-2014: De
jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
06-11-2013: De jaarrekening
over 2013 (gebroken boekjaar) is gepubliceerd.
21-09-2012: De jaarrekening
over 2012 (gebroken boekjaar) is gepubliceerd.
20-01-2012: De jaarrekening
over 2011 (gebroken boekjaar) is gepubliceerd.
02-11-2010: De jaarrekening
over 2010 (gebroken boekjaar) is gepubliceerd.
Functions 18-02-2014: Per
01-02-2014 is bestuurder Johannes Theodorus van der Lee in functie getreden.
18-02-2014: Per 01-02-2014
is bestuurder Abraham Adrianus Joris van der Lee in functie getreden.
18-02-2014: Per 01-02-2014
is bestuurder Joris Adrianus Lucas van der Lee in functie getreden.
18-02-2014: Per 01-02-2014
is gevolmachtigde Abraham Adrianus Joris van der Lee uit functie getreden.
18-02-2014: Per 01-02-2014
is gevolmachtigde Joris Adrianus Lucas van der Lee uit functie getreden.
18-10-2013: Per 15-10-2013
is gevolmachtigde Abraham Adrianus Joris van der Lee in functie getreden.
Company
structure
Relations 4
Company Registration
number
Familie van der Lee Holding B.V. (MEDEMBLIK) 37115060
| - - World Wide Potatoes B.V. (MEDEMBLIK) 36047484
| - - Agroplant Holland B.V. (MEDEMBLIK) 36035743
| - - Koel- en Vrieshuis Medemblik B.V. (MEDEMBLIK) 36007148
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
UK Pound |
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.