|
|
|
MIRA INFORM REPORT
|
Report No. : |
502985 |
|
Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BOOKING.COM B.V. |
|
|
|
|
Registered Office : |
Herengracht 597
1017CE Amsterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
12.11.1996 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer:
31047344 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
·
Writing,
producing and publishing of software ·
Web
portals ·
Financial
holding |
|
|
|
|
No. of Employees : |
2215 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company
name and Summary
|
Company name |
Booking.com B.V. |
|
Operative address |
Herengracht 597 |
|
Status |
Active |
|
Specification |
This company can meet all its
obligations. |
|
Legal form |
Private Limited Company |
||||
|
Registration number |
KvK-nummer: 31047344 |
||||
|
VAT-number |
805734958 |
||||
|
European VAT-number |
NL805734958B01 |
||||
|
Year |
2016 |
Mutation |
2015 |
Mutation |
2014 |
|
Fixed assets |
1.984.236.000 |
14,65 |
1.730.656.000 |
1.992,94 |
82.690.000 |
|
Total receivables |
1.597.532.000 |
-6,05 |
1.700.352.000 |
352,14 |
376.068.000 |
|
Total equity |
2.765.623.000 |
0,85 |
2.742.449.000 |
161,43 |
1.049.018.000 |
|
Short term liabilities |
1.046.834.000 |
7,89 |
970.277.000 |
141,87 |
401.153.000 |
|
Net result |
2.438.012.000 |
20,99 |
2.015.073.000 |
24,79 |
1.614.811.000 |
|
Working capital |
781.386.000 |
-22,77 |
1.011.793.000 |
4,70 |
966.328.000 |
|
Quick ratio |
1,75 |
-14,22 |
2,04 |
-40,18 |
3,41 |
Contact
information
|
Company name |
Booking.com B.V. |
|
Trade names |
Booking.com B.V. |
|
Operative address |
Herengracht 597 |
|
Correspondence address |
Herengracht 597 |
|
Telephone number |
0707703884 |
|
Email address |
customer.service@booking.com |
|
Website |
www.booking.com |
Registration
|
Registration number |
KvK-nummer: 31047344 |
|
Branch number |
000017630428 |
|
VAT-number |
805734958 |
|
European VAT-number |
NL805734958B01 |
|
Status |
Active |
|
First registration company
register |
1997-06-27 |
|
Memorandum |
1997-06-23 |
|
Establishment date |
1996-11-12 |
|
Legal form |
Private Limited Company |
|
Legal person since |
1997-06-23 |
|
Last proposed admendment |
2013-05-24 |
|
Issued placed capital |
EUR 72.016 |
|
Paid up share capital |
EUR 72.016 |
Activities
|
SBI |
6201: Writing, producing and
publishing of software |
|
Exporter |
No |
|
Importer |
No |
|
Goal |
Het ontwikkelen en exploiteren van
een (mobiele) website en app (inclusief bijkomende activiteiten op het gebied
van informatie technologie), en holdingactiviteiten |
Relations
|
Shareholders |
Booking.com Holding B.V. |
|
Shareholders |
Naam: Priceline.com Bookings
Acquisition Company Limited |
|
Affiliates |
Booking.com International
B.V. Booking.com Customer Service
Holding B.V. Booking.com International
Services B.V. Booking.com IT Services B.V. BookingSuite B.V. Booking.Com Real Estate
Amsterdam B.V. |
|
Companies on same address (number) |
11 |
Real
Estate
|
Details operative address |
Surface area: 243 m2 |
Management
|
Active management |
R.M. Prakke Rutger Marinus Booking.com Holding B.V. O.J. Bisserier Olivier
Jean-Marie Booking.com Holding B.V. Flow Traders N.V. G. Tans Gillian Booking.com Holding B.V. CBD Ventures B.V. CBD Holdings B.V. A. Ristori Alessandro BookingSuite B.V. |
Employees
|
Year |
2018 |
2017 |
2016 |
2015 |
2014 |
|
Annual |
1630 |
1279 |
985 |
||
|
Chamber of Commerce |
2215 |
2215 |
450 |
450 |
450 |
Payments
|
Score |
7,4 |
|
|
|
Description |
In accordance with payment
condition |
|
|
|
Payments within industry |
Last quarter |
Last year |
|
|
Average payment period (days) |
46 |
43 |
|
|
Average delay (days) |
32 |
29 |
|
|
Quarter |
Not overdue |
1-30 |
31-60 |
61-90 |
91-120 |
121+ |
|
2018 Q2 |
25,00% |
7,00% |
2,00% |
65,00% |
0,00% |
1,00% |
|
2018 Q1 |
44,00% |
31,00% |
13,00% |
4,00% |
0,00% |
8,00% |
|
2017 Q4 |
38,00% |
36,00% |
5,00% |
4,00% |
6,00% |
11,00% |
|
2017 Q3 |
25,00% |
16,00% |
22,00% |
18,00% |
17,00% |
2,00% |
|
2017 Q2 |
48,00% |
43,00% |
7,00% |
1,00% |
1,00% |
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 |
2015 |
2014 |
2013 |
2012 |
|
Quick ratio |
1,75 |
2,04 |
3,41 |
10,96 |
10,74 |
|
Current ratio |
1,75 |
2,04 |
3,41 |
10,96 |
10,74 |
|
Working capital/ balance total |
0,20 |
0,27 |
0,67 |
0,90 |
0,88 |
|
Equity / balance total |
0,73 |
0,74 |
0,72 |
0,91 |
0,89 |
|
Equity / Fixed assets |
1,39 |
1,58 |
12,69 |
61,02 |
29,97 |
|
Equity / liabilities |
2,64 |
2,83 |
2,62 |
10,12 |
7,75 |
|
Balance total / liabilities |
3,64 |
3,83 |
3,62 |
11,12 |
8,75 |
|
Working capital |
781.386.000 |
1.011.793.000 |
966.328.000 |
3.020.324.000 |
1.812.799.000 |
|
Equity |
2.765.623.000 |
2.742.449.000 |
1.049.018.000 |
3.070.648.000 |
1.824.508.000 |
|
Mutation equity |
0,85 |
161,43 |
-65,84 |
68,30 |
99,10 |
|
Mutation short term liabilities |
7,89 |
141,87 |
32,27 |
62,97 |
22,01 |
|
Return on total assets (ROA) |
75,34 |
64,60 |
133,48 |
45,28 |
53,13 |
|
Return on equity (ROE) |
103,86 |
87,45 |
184,52 |
49,75 |
59,98 |
|
Gross profit margin |
40,21 |
42,31 |
45,47 |
47,55 |
47,43 |
|
Net profit margin |
34,23 |
35,66 |
38,35 |
40,03 |
39,90 |
|
Average collection ratio |
6,80 |
5,82 |
10,50 |
10,49 |
12,23 |
|
Average payment ratio |
4,46 |
3,32 |
11,20 |
11,65 |
12,13 |
|
Equity turnover ratio |
2,58 |
2,06 |
4,01 |
1,04 |
1,25 |
|
Total assets turnover ratio |
1,87 |
1,52 |
2,90 |
0,94 |
1,11 |
|
Fixed assets turnover ratio |
3,59 |
3,27 |
50,92 |
63,20 |
37,40 |
|
Turnover |
7.122.431.000 |
5.650.977.000 |
4.210.455.000 |
3.180.340.000 |
2.276.932.000 |
|
Gross margin |
5.949.753.000 |
4.863.241.000 |
3.709.718.000 |
2.826.763.000 |
2.044.089.000 |
|
Operating result |
2.864.151.000 |
2.390.729.000 |
1.914.591.000 |
1.512.336.000 |
1.079.850.000 |
|
Net result after taxes |
2.438.012.000 |
2.015.073.000 |
1.614.811.000 |
1.273.070.000 |
908.519.000 |
|
EBIT |
2.864.151.000 |
2.390.729.000 |
1.914.591.000 |
1.512.336.000 |
1.079.850.000 |
|
Summary |
The 2016 financial result
structure is a postive working captial of 781.386.000 euro, which is in
agreement with 20 % of the total assets of the company. |
||||
Financial
statement
|
Last annual account |
2016 |
|
Remark annual account |
The company is obliged to file its
financial statements. |
|
Type of annual account |
Corporate |
|
Annual account |
Booking.com B.V. |
Balance
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
End date |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Type of annual account |
Corporate |
Corporate |
Corporate |
Corporate |
Corporate |
|
Intangible fixed assets |
15.429.000 |
15.592.000 |
17.308.000 |
17.549.000 |
|
|
Other tangible fixed assets |
1.984.236.000 |
||||
|
Tangible fixed assets |
1.984.236.000 |
43.734.000 |
35.382.000 |
22.191.000 |
14.758.000 |
|
Financial fixed assets |
1.671.493.000 |
31.716.000 |
10.825.000 |
28.580.000 |
|
|
Fixed assets |
1.984.236.000 |
1.730.656.000 |
82.690.000 |
50.324.000 |
60.887.000 |
|
Accounts receivable |
17.734.000 |
11.483.000 |
15.299.000 |
||
|
Other receivables |
428.909.000 |
358.334.000 |
261.592.000 |
172.399.000 |
|
|
Total receivables |
1.597.532.000 |
1.700.352.000 |
376.068.000 |
273.075.000 |
187.698.000 |
|
Liquid funds |
230.688.000 |
281.718.000 |
991.413.000 |
3.050.541.000 |
1.811.205.000 |
|
accruals |
428.909.000 |
||||
|
Current assets |
1.828.220.000 |
1.982.070.000 |
1.367.481.000 |
3.323.616.000 |
1.998.903.000 |
|
Total assets |
3.812.456.000 |
3.712.726.000 |
1.450.171.000 |
3.373.940.000 |
2.059.790.000 |
|
Issued capital |
72.000 |
72.000 |
72.000 |
72.000 |
72.000 |
|
Share premium reserve |
1.117.906.000 |
1.117.906.000 |
11.671.000 |
||
|
Revaluation reserve |
8.779.000 |
-383.000 |
|||
|
Other reserves |
1.638.866.000 |
1.624.854.000 |
-565.865.000 |
1.797.506.000 |
904.246.000 |
|
Non-distributable profit |
1.614.811.000 |
1.273.070.000 |
908.519.000 |
||
|
Total reserves |
2.765.551.000 |
2.742.377.000 |
1.048.946.000 |
3.070.576.000 |
1.824.436.000 |
|
Total equity |
2.765.623.000 |
2.742.449.000 |
1.049.018.000 |
3.070.648.000 |
1.824.508.000 |
|
Financial debts |
49.178.000 |
||||
|
Long term liabilities |
49.178.000 |
||||
|
Accounts payable |
63.985.000 |
55.250.000 |
42.467.000 |
||
|
Other short term liabilities |
337.168.000 |
248.042.000 |
143.637.000 |
||
|
Short term liabilities |
1.046.834.000 |
970.277.000 |
401.153.000 |
303.292.000 |
186.104.000 |
|
Total short and long term
liabilities |
1.046.834.000 |
970.277.000 |
401.153.000 |
303.292.000 |
235.282.000 |
|
Total liabilities |
3.812.456.000 |
3.712.726.000 |
1.450.171.000 |
3.373.940.000 |
2.059.790.000 |
|
Summary |
The total assets of the company
increased with 2.69 % between 2015 and 2016. |
||||
Profit
and loss
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Revenues |
7.122.431.000 |
5.650.977.000 |
4.210.455.000 |
3.180.340.000 |
2.276.932.000 |
|
Net turnover |
7.122.431.000 |
5.650.977.000 |
4.210.455.000 |
3.180.340.000 |
2.276.932.000 |
|
Gross margin |
5.949.753.000 |
4.863.241.000 |
3.709.718.000 |
2.826.763.000 |
2.044.089.000 |
|
Wages and salaries |
147.053.000 |
136.062.000 |
157.272.000 |
||
|
Sales |
3.085.602.000 |
2.472.512.000 |
500.737.000 |
353.577.000 |
232.843.000 |
|
other operating costs |
1.648.074.000 |
1.178.365.000 |
806.967.000 |
||
|
Operating expenses |
4.258.280.000 |
3.260.248.000 |
2.295.864.000 |
1.668.004.000 |
1.197.082.000 |
|
Result in subsidiaries |
25.350.000 |
18.728.000 |
17.306.000 |
||
|
Operating result |
2.864.151.000 |
2.390.729.000 |
1.914.591.000 |
1.512.336.000 |
1.079.850.000 |
|
Financial income |
21.633.000 |
18.950.000 |
3.122.000 |
1.218.000 |
1.415.000 |
|
Financial expenses |
13.294.000 |
11.397.000 |
7.430.000 |
4.597.000 |
4.300.000 |
|
Financial result |
8.339.000 |
7.553.000 |
-4.308.000 |
-3.379.000 |
-2.885.000 |
|
Result on ordinary operations
before taxes |
2.872.490.000 |
2.398.282.000 |
1.935.633.000 |
1.527.685.000 |
1.094.271.000 |
|
Taxation on the result of ordinary
activities |
434.478.000 |
383.209.000 |
320.822.000 |
254.615.000 |
185.752.000 |
|
Result of ordinary activities
after taxes |
2.438.012.000 |
2.015.073.000 |
1.614.811.000 |
1.273.070.000 |
908.519.000 |
|
Net result |
2.438.012.000 |
2.015.073.000 |
1.614.811.000 |
1.273.070.000 |
908.519.000 |
|
Summary |
The turnover of the company grew
with 26.04 % between 2015 and 2016. |
||||
Analysis
|
Branch (SBI) |
Web portals (SBI code 6312) |
||||
|
Region |
Groot-Amsterdam |
||||
|
Summary |
In the Netherlands 14608 of the companies
are registered with the SBI code 6312 |
||||
|
Year |
2016 |
Company |
2015 |
Company |
|
|
Equity |
36.482.333 |
2.765.623.000 |
45.024.163 |
2.742.449.000 |
|
|
Working capital |
4.300.541 |
781.386.000 |
5.113.000 |
1.011.793.000 |
|
|
Balance total |
68.424.856 |
3.812.456.000 |
76.678.344 |
3.712.726.000 |
|
|
Quick ratio |
1,25 |
1,75 |
1,45 |
2,04 |
|
|
Current ratio |
1,49 |
1,75 |
1,57 |
2,04 |
|
|
Equity / balance total |
0,54 |
0,73 |
0,57 |
0,74 |
|
Publications
|
Deposits |
24-01-2018: De jaarrekening over
2016 is gepubliceerd. |
|
Functions |
12-01-2017: Per 08-04-2014 is gevolmachtigde
James Robert Waters uit functie getreden. |
|
Other |
24-01-2018: ... Datum deponering:
28-12-2017 Boekjaar: 2016 Soort deponering: Geconsolideerde jaarrekening
(art. 408 BW2). |
Company
structure
|
Relations |
10 |
|
Company |
Registration number |
|
Priceline.com Bookings
Acquisition Company Limited (EC4V
6JA London) |
|
|
| - - Booking.com Holding B.V. (Amsterdam) |
|
|
| - - | - - Booking.Com Real Estate Amsterdam B.V. (AMSTERDAM) |
|
|
| - - | - - Booking.com B.V. (Amsterdam) |
|
|
| - - | - - BookingSuite B.V. (AMSTERDAM) |
|
|
| - - | - - Booking.com IT Services B.V. (AMSTERDAM) |
|
|
| - - | - - Booking.com International Services B.V. (AMSTERDAM) |
|
|
| - - | - - Booking.com Customer Service Holding B.V. (AMSTERDAM) |
|
|
| - - | - - | - - Booking.com Customer Service Center (Netherlands) B.V. (Amsterdam) |
|
|
| - - | - - Booking.com International B.V. (Amsterdam) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.93 |
|
|
1 |
INR 91.74 |
|
Euro |
1 |
INR 79.90 |
|
Euro |
1 |
INR 80.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.