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MIRA
INFORM REPORT
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Report No. : |
502737 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SHI B.V. |
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Registered Office : |
Keskesweg 19, 5721WS Asten |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
08.07.1993 |
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Com. Reg. No.: |
34083276 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Agents involved in the
sale of furniture · Agents specializing in the sale of other goods · Wholesale of hardware (ironware and metal products) |
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No. of Employees : |
121 – Annual – 2016 125 – Chamber of Commerce – 2016 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 consistently high trade
surplus, stable industrial relations, and low 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 euro zone, 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 80% of
banking assets, and is four times the size of Dutch GDP.
In 2008, during the financial crisis, the government budget deficit hit
5.3% of GDP. Following a protracted recession from 2009 to 2013, during which
unemployment doubled to 7.4% and household consumption contracted for four
consecutive years, economic growth began inching forward in 2014. Since 2010,
Prime Minister Mark RUTTE’s government has 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. In 2017, the government budget returned to a
surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita
finally surpassed pre-crisis levels. The fiscal policy announced by the new
government in the 2018-2021 coalition plans for increases in government
consumption and public investment, fueling domestic demand and household
consumption and investment. The new government’s policy also plans to increase
demand for workers in the public and private sector, forecasting a further
decline in the unemployment rate, which hit 4.8% in 2017.
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Source
: CIA |
Summary
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Company name |
SHI B.V. |
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Operative address |
Keskesweg 19 |
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Status |
Active |
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Specification |
This company can meet all its obligations. |
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Legal form |
Private Limited Company |
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Registration number |
KvK-nummer: 34083276 |
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VAT-number |
802288686 |
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European VAT-number |
NL802288686B01 |
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Year |
2016 |
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Fixed assets |
5.635.000 |
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Total receivables |
13.354.000 |
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Total equity |
17.981.000 |
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Short term liabilities |
20.264.000 |
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Net result |
3.575.000 |
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Working capital |
12.726.000 |
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Quick ratio |
0,68 |
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Contact
information
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Company name |
SHI B.V. |
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Trade names |
SHI B.V. |
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Operative address |
Keskesweg 19 |
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Correspondence address |
Postbus 60 |
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Telephone number |
0493-680900 |
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Fax number |
0493680990 |
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Email address |
info.shi.nl@smartwares.eu |
|
Website |
www.shi.nl |
Registration
|
Registration number |
KvK-nummer: 34083276 |
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Branch number |
000018194567 |
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VAT-number |
802288686 |
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European VAT-number |
NL802288686B01 |
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Status |
Active |
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First registration company register |
1993-07-08 |
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Memorandum |
1993-07-08 |
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Legal form |
Private Limited Company |
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Legal person since |
2004-12-16 |
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Last proposed admendment |
2016-01-22 |
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Issued placed capital |
EUR 3.120.000 |
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Paid up share capital |
EUR 3.120.000 |
Activities
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SBI |
4615: Agents
involved in the sale of furniture |
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Exporter |
No |
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Importer |
Yes |
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Branche organisations |
NVG - Nederlands Verbond van de Groothandel |
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Goal |
The import and export of, and the wholesale trade in, in particular,
technical materials and products, both for own account and for third parties |
Relations
|
Shareholders |
SHI
Holding B.V. |
|
Liability statements |
Nedac
Sorbo Mascot B.V. |
Real Estate
|
Details operative address |
Surface area: 5049 m2 |
Management
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Active management |
S.P.H.
Jansen Stefanus Petrus Henricus Spijker
Kwasten B.V. Smartwares
Living B.V. H.E.
Degens Harald Edwin CV
de Moatjes |
Employees
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Annual |
121 |
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Chamber of Commerce |
125 |
125 |
125 |
88 |
88 |
Payments
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Score |
7,82 |
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|
Description |
Payments made under regular condition |
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Payments within industry |
Last quarter |
Last year |
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Average payment period (days) |
53 |
56 |
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Average delay (days) |
34 |
39 |
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Quarter |
Not overdue |
1-30 |
31-60 |
61-90 |
91-120 |
121+ |
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2018 Q2 |
54,00% |
39,00% |
4,00% |
1,00% |
0,00% |
1,00% |
|
2018 Q1 |
54,00% |
39,00% |
4,00% |
1,00% |
0,00% |
1,00% |
|
2017 Q4 |
47,00% |
39,00% |
4,00% |
2,00% |
3,00% |
5,00% |
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2017 Q3 |
56,00% |
37,00% |
4,00% |
2,00% |
1,00% |
1,00% |
|
2017 Q2 |
56,00% |
41,00% |
2,00% |
0,00% |
0,00% |
1,00% |
The above data is
an indication of the average payment behaviour of the client. the payment
experieneces can be affected by disputes, payment arrangements, etc.
Key figures
|
Year |
2016 |
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Quick ratio |
0,68 |
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Current ratio |
1,63 |
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Working capital/ balance total |
0,33 |
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Equity / balance total |
0,47 |
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Equity / Fixed assets |
3,19 |
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Equity / liabilities |
0,87 |
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Balance total / liabilities |
1,87 |
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Working capital |
12.726.000 |
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Equity |
17.981.000 |
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Return on total assets (ROA) |
12,41 |
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Return on equity (ROE) |
26,67 |
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Gross profit margin |
5,92 |
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Net profit margin |
4,27 |
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Average collection ratio |
4,13 |
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Average payment ratio |
6,27 |
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Equity turnover ratio |
4,65 |
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Total assets turnover ratio |
2,17 |
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Fixed assets turnover ratio |
14,85 |
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Inventory conversion ratio |
4,34 |
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Turnover |
83.696.000 |
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Gross margin |
13.047.000 |
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Operating result |
4.956.000 |
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Net result after taxes |
3.575.000 |
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Cashflow |
4.048.000 |
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EBIT |
4.956.000 |
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EBITDA |
5.429.000 |
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Summary |
The 2016
financial result structure is a postive working captial of 12.726.000 euro,
which is in agreement with 33 % of the total assets of the company. |
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Financial
statement
|
Last annual account |
2016 |
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Remark annual account |
The company is obliged to file its
financial statements. |
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Type of annual account |
Corporate |
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Annual account |
SHI
B.V. |
Balance
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Year |
2016 |
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End date |
2016-12-31 |
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Type of annual account |
Corporate |
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Intangible fixed assets |
709.000 |
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Tangible fixed assets |
769.000 |
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Financial fixed assets |
4.157.000 |
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Fixed assets |
5.635.000 |
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Total stock |
19.266.000 |
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Total receivables |
13.354.000 |
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Liquid funds |
370.000 |
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Current assets |
32.990.000 |
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Total assets |
38.625.000 |
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Issued capital |
3.120.000 |
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Share premium reserve |
73.000 |
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Other reserves |
14.788.000 |
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Total reserves |
14.861.000 |
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Total equity |
17.981.000 |
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Provisions |
380.000 |
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Short term liabilities |
20.264.000 |
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Total short and long term liabilities |
20.644.000 |
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Total liabilities |
38.625.000 |
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Summary |
In 2016 the assets of the company were
14.59 % composed of fixed assets and 85.41 % by current assets. The assets
are being financed by an equity of 46.55 %, and total debt of 53.45 %. |
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Profit and loss
|
Year |
2016 |
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Revenues |
83.696.000 |
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Net turnover |
83.696.000 |
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Gross margin |
13.047.000 |
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Wages and salaries |
7.532.000 |
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Amorization and depreciation |
473.000 |
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Sales |
70.649.000 |
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other operating costs |
86.000 |
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Operating expenses |
78.740.000 |
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Operating result |
4.956.000 |
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Financial income |
120.000 |
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Financial expenses |
281.000 |
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Financial result |
-161.000 |
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Result on ordinary operations before taxes |
4.795.000 |
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Taxation on the result of ordinary
activities |
1.220.000 |
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Result of ordinary activities after taxes |
3.575.000 |
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Net result |
3.575.000 |
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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 26.67 in the
year 2016. |
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Analysis
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Branch (SBI) |
Agents involved in the sale of furniture
(SBI code 4615) |
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Region |
Zuidoost-Noord-Brabant |
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Summary |
In the
Netherlands 2049 of the companies are registered with the SBI code 4615 |
Publications
|
Consent statements |
14-04-2016:
Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd. |
|
Liability statements |
26-01-2016: Per
25-01-2016 is een aansprakelijkheidsverklaring door Smart Holding B.V.
ingetrokken. |
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Deposits |
05-06-2017: De
jaarrekening over 2016 is gepubliceerd. |
|
Functions |
26-02-2016: Per
15-01-2016 is gevolmachtigde Harald Edwin Degens in functie getreden. |
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Other |
25-01-2016: Per
22-1-2016 statuten gewijzigd. Per 22-1-2016 naam gewijzigd in: SHI B.V.. |
Company structure
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Relations |
2 |
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Company |
Registration number |
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SHI Holding B.V. (BREDA) |
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|
| - - SHI B.V. (Asten) |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.98 |
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|
1 |
INR 90.95 |
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Euro |
1 |
INR 79.51 |
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Euro |
1 |
INR 79.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.