MIRA INFORM REPORT

 

 

Report No. :

502439

Report Date :

11.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ELSEVIER B.V.

 

 

Registered Office :

Radarweg 29 1043NX Amsterdam

 

 

Country :

Netherlands

 

 

Date of Incorporation :

17.12.1979

 

 

Com. Reg. No.:

33158992

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Publishing of journals and periodicals (magazines)

 

 

No. of Employees :

1090

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Summary

 

Company name                         Elsevier B.V.

Operative address                     Radarweg 29

1043NX Amsterdam

Netherlands

Legal form                                Private Limited Company

Registration number                  KvK-nummer: 33158992

VAT-number                              005033019

European VAT-number               NL005033019B01

 

 

Contact information

 

Company name                        Elsevier B.V.

Trade names                            North-Holland (Publishing)

North-Holland (Publishing)

Noord Hollandsche Uitgeversmaatschappij

Noord Hollandsche Uitgeversmaatschappij

Excerpta Medica

Excerpta Medica

Embase

Embase

Elsevier B.V.

Elsevier B.V.

Scopus

Scopus

ScienceDirect

ScienceDirect

Engineering Information

Engineering Information

 

Operative address                    Radarweg 29

1043NX Amsterdam

Netherlands

 

Correspondence address         Radarweg 29

1043NX Amsterdam

Netherlands

 

Telephone number                   0204853911

Website                                    www.elsevier.nl

 

 

Registration

 

Registration number                              KvK-nummer: 33158992

Branch number                                      000020408137

VAT-number                                          005033019

European VAT-number                           NL005033019B01

Status                                                   Active

First registration company register         1979-12-17

Memorandum                                        1979-12-17

Establishment date                                1979-12-17

Legal form                                            Private Limited Company

Last proposed admendment                  2009-11-10

Issued placed capital                             EUR 18.000

Paid up share capital                             EUR 18.000

 

 

Activities

 

SBI 5814:                      Publishing of journals and periodicals (magazines)

Exporter                       No

Importer                        No

Goal                             Houdster- en financieringsmaatschappij

 

 

Relations

 

Involved with the following companies            AGRM Solutions C.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 59602708

Function: Partner

Starting date: 2013-12-31

 

Shareholders                                                   RELX Nederland B.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 33156677

Percentage: 100%

 

Affiliates                                                           LexisNexis Univentio B.V.

Galileiweg 8

2333BD Leiden

Netherlands

Registration number: 28071522

 

Reed Business B.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 33293475

 

LexisNexis Business Information Solutions B.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 09002289

 

RELX Finance B.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 62916602

 

Companies on same address (number)            53

 

Liability statements                                          Foreign entity

date of issue: 1994-03-11

Starting date: 1994-02-22

 

 

Real Estate

 

Details operative address                                  Surface area: 39545 m2

Purpose: Office function

Construction year: 2004

Status: Building in use

Under investigation: No

 

 

Management

 

Active management                              S.M. Whayman Stuart Mark

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-05-12

Date of birth: 1973-04-28, Ipswich, GB

 

G.C. Ussi Gino Carlo

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2017-01-01

Date of birth: 1959-02-18, Virginia, ZA

 

P.M.B. Terheggen Philippe Marie-Antoine Baptiste

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2017-01-01

Date of birth: 1957-10-07, Nijmegen, NL

 

R. Mobed Rohinton

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2017-01-01

Date of birth: 1959-05-29, Londen, NL

 

A.P. Baron van Boetzelaer Alexander Philip

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2017-08-03

Date of birth: 1973-12-22, Paddington, GB

 

RELX Nederland B.V.

Radarweg 29

1043NX Amsterdam

Netherlands

Registration number: 33156677

Competence: Fully authorized

Function: Proxy

Starting date: 2003-06-18

 

L.C. Crespi Laura Claire

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2017-01-01

Date of birth: 1984-03-31, Chichester, GB

 

I.L. Colson Inge Louise

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2017-07-13

Date of birth: 1972-12-02, Leiden, NL

 

S. Cooijmans Sjoerd

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2018-03-01

Date of birth: 1976-03-01, Eindhoven, NL

 

S. Cooijmans Sjoerd

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2018-03-01

Date of birth: 1976-03-01, Eindhoven, NL

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Chamber  of  Commerce

1090

1090

1090

1090

1090

 

 

 

 

Payments

 

Description       Unknown

 

 

 

 

Last  quarter

Last  year

Average  payment  period  (days)

53

31

Average  delay  (days)

8

4

 

 

 

Payments  within  industry

Last  quarter

Last  year

Average  payment  period  (days)

33

33

Average  delay  (days)

17

18

 

Quarter

Not  overdue

1-30

31-60

61-90

91-120

121+

2018  Q2

26,00%

74,00%

0,00%

0,00%

0,00%

0,00%

2018  Q1

50,00%

24,00%

12,00%

7,00%

3,00%

3,00%

2017  Q4

48,00%

31,00%

15,00%

4,00%

2,00%

0,00%

2017  Q3

45,00%

43,00%

9,00%

1,00%

0,00%

2,00%

2017  Q2

50,00%

35,00%

11,00%

2,00%

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

 

 

Financial statement

 

Remark annual account The liability statement is filed by a company outside the Netherlands. We advise to request a creditreport on the foreign entity to assess the creditlimit.

 

 

Analysis

 

 

Branch (SBI)

Publishing of journals and periodicals (magazines) (SBI code 5814)

Region

Groot-Amsterdam

Summary

In the Netherlands 9026 of the companies are registered with the SBI code 5814

In the region Groot-Amsterdam 1576 of the companies are registered with the SBI code 5814

In the Netherlands 35 of the bankrupcties are published within this sector

In the region Groot-Amsterdam 3 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-Amsterdam is normal

 

 

Publications

 

Consent statements      26-03-2018: Voor boekjaar 2017 is een instemmingsverklaring gedeponeerd.

19-04-2017: Voor boekjaar 2016 is een instemmingsverklaring gedeponeerd.

25-04-2016: Voor boekjaar 2015 is een instemmingsverklaring gedeponeerd.

01-05-2015: Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd.

01-05-2014: Voor boekjaar 2013 is een instemmingsverklaring gedeponeerd.

Functions                     26-03-2018: Per 21-03-2018 is gevolmachtigde Gavin Anthony Howe uit functie getreden.

12-03-2018: Per 01-03-2018 is gevolmachtigde Sjoerd Cooijmans in functie getreden.

31-10-2017: Per 26-10-2017 is gevolmachtigde Jan bij de Weg uit functie getreden.

31-10-2017: Per 26-10-2017 is gevolmachtigde Gino Carlo Ussi uit functie getreden.

16-10-2017: Per 13-07-2017 is gevolmachtigde Inge Louise Colson in functie getreden.

16-10-2017: Per 11-10-2017 is gevolmachtigde Paul Michael Miles uit functie getreden.

08-08-2017: Per 03-08-2017 is bestuurder Alexander Philip Baron van Boetzelaer in functie getreden.

07-04-2017: Per 03-04-2017 is bestuurder Adriaan Henri Dominique Marie Roosen uit functie getreden.

31-03-2017: Per 01-03-2017 is gevolmachtigde Ronald Frederik van Slooten uit functie

getreden.

03-01-2017: Per 01-01-2017 is bestuurder Gino Carlo Ussi in functie getreden.

03-01-2017: Per 01-01-2017 is bestuurder Philippe Marie-Antoine Baptiste Terheggen in

functie getreden.

03-01-2017: Per 01-01-2017 is bestuurder Rohinton Mobed in functie getreden.

03-01-2017: Per 01-01-2017 is gevolmachtigde Laura Claire Crespi in functie getreden.

22-06-2015: Per 18-05-2015 is gevolmachtigde Christopher Edward James Hammond uit

functie getreden.

22-06-2015: Per 18-05-2015 is gevolmachtigde Adrianus Cornelis de Klerk uit functie

getreden.

22-09-2014: Per 01-09-2014 is gevolmachtigde Gino Carlo Ussi in functie getreden.

 

09-09-2014: Per 05-09-2014 is gevolmachtigde Martin O'Malley uit functie getreden.

13-05-2014: Per 12-05-2014 is bestuurder Stuart Mark Whayman in functie getreden.

13-05-2014: Per 12-05-2014 is bestuurder David, Anthony Lomas uit functie getreden.

Mergers                        05-01-2017: Op 31-12-2016 fusieakte verleden. Verkrijgende rechtspersoon: Elsevier B.V.,

33158992 Verdwijnende rechtspersoon: Elsevier Ireland Limited, 57059055.

05-09-2016: Op 02-09-2016 fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: Elsevier

B.V., 33158992 Verdwijnende rechtspersoon: Elsevier Ireland Limited, 57059055.

Other                            02-05-2014: ... Datum deponering: 30-04-2014 Soort deponering: Geconsolideerde

jaarrekening (art. 408 BW2).

 

 

Company structure

                       

Relations

9

 

Company

 

Registration  number

RELX  Overseas  B.V.  (Amsterdam)

 

33241720

|  -  -  RELX  US  Holdings  (Amsterdam)  B.V.  (Amsterdam)

 

34311751

|  -  -  Elsevier  Employment  Services  B.V.  (AMSTERDAM)

 

33250028

|  -  -  RELX  Nederland  B.V.  (Amsterdam)

 

33156677

|  -  -  |  -  -  RELX  Finance  B.V.  (Amsterdam)

 

62916602

|  -  -  |  -  -  LexisNexis  Business  Information  Solutions  B.V.  (Amsterdam)

 

09002289

|  -  -  |  -  -  Reed  Business  B.V.  (Amsterdam)

 

33293475

|  -  -  |  -  -  Elsevier  B.V.  (Amsterdam)

 

33158992

|  -  -  |  -  -  LexisNexis  Univentio  B.V.  (Leiden)

 

28071522

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.94

UK Pound

1

INR 91.75

Euro

1

INR 79.90

Euro

1

INR 80.69

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TRU

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.