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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504492

Report Date :

19.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

H.CH. SCHOBBERS B.V.

 

 

Registered Office :

Vasco da Gamaweg 8, 5928LD Venlo

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2015

 

 

Date of Incorporation :

01.01.1966

 

 

Com. Reg. No.:

12021171

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of seeds

 

 

No. of Employees :

11 [2016]

 

 

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

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

 Name

H.Ch. Schobbers B.V.

 

Summary

 

Company name

H.Ch. Schobbers B.V.

Operative address

Vasco da Gamaweg 8
5928LD VENLO
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 12021171

VAT-number

006497184

European VAT-number

NL006497184B01

 

Year

2015

Mutation

2014

Mutation

2013

Fixed assets

921.042

133,71 

394.102

67,65 

235.079

Total receivables

2.956.565

13,38 

2.607.602

-18,16 

3.186.125

Total equity

6.304.712

2,66 

6.141.640

28,35 

4.785.147

Short term liabilities

1.969.103

173,27 

720.579

-82,75 

4.176.185

Net result

1.663.072

-17,12 

2.006.493

25,96 

1.592.980

Working capital

5.387.404

-6,38 

5.754.677

25,52 

4.584.489

Quick ratio

2,21

-57,42 

5,19

287,31 

1,34

Contact information

 

Company name

H.Ch. Schobbers B.V.

Trade names

H.Ch. Schobbers B.V.

Operative address

Vasco da Gamaweg 8
5928LD VENLO
Netherlands

Correspondence address

Postbus 66
5900AB VENLO
Netherlands

 

Telephone number

077-3969120

Fax number

0773969121

Email address

info@schobbers.nl

Website

www.schobbers.nl

 

Registration

 

Registration number

KvK-nummer: 12021171

Branch number

000018558437

VAT-number

006497184

European VAT-number

NL006497184B01

Status

Active

First registration company register

1983-08-19

Memorandum

1983-08-19

Establishment date

1966-01-01

 

Legal form

Private Limited Company

Legal person since

1983-08-19

Issued placed capital

EUR 68.067

Paid up share capital

EUR 68.067

 

Activities

 

SBI

46212: Wholesale of seeds

Exporter

Yes

Importer

Yes

 

Goal

Cultivation and trade in seeds, seeds, seeds and vegetable seeds, trade in flour, cereals, seeds, pulses, fougerage and related articles, both for cattle feed and for human consumption, the trade - seedlings, seedlings and fertilizers, domestic as well as import and export, the manufacture, processing and processing of the above articles, the manufacture of all types of mixed livestock, pigs, poultry and fodder feeds, as well as the transhipment and storage company; to participate in and conduct the management of other companies and companies; to bind it as joint and several co-debtor for the debts of third parties, to bind the company as guarantor and / or in any way to guarantee debts or personal obligations of third parties, as well as the establishment of collateral rights on elements of the capital of the company for similar debts or obligations of third parties

 

 

Relations

 

Shareholders

Schobbers Management B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 12038914
Percentage: 100%

Affiliates

Schobbers Onroerend Goed B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 12058929

 

Torrendum B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 12002625

 

Branches

H.Ch. Schobbers B.V.
Havenweg 8
6101AB ECHT
Netherlands
Registration number: 12021171

Companies on same address

Torrendum B.V.
Registration number: 12002625

 

ES.PE.ES Holding B.V.
Registration number: 12043067

 

H.Ch. Schobbers Beheer B.V.
Registration number: 12013017

 

Holding H.B.J. Schobbers B.V.
Registration number: 12038913

 

Schobbers Management B.V.
Registration number: 12038914

 

Schobbers Vastgoed B.V.
Registration number: 12038151

 

Stichting Voorzieningen Werknemers H.Ch. Schobbers B.V.
Registration number: 41062403

 

Schobbers Onroerend Goed B.V.
Registration number: 12058929

 

Real Estate

 

Details operative address

Surface area: 6139 m2
Purpose: Industrial function
Construction year: 2008
Status: Building in use
Under investigation: No

 

Management

 

Active management

Schobbers Management B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 12038914
Competence: Fully authorized
Function: Manager
Starting date: 2013-01-14

 

Employees

 

Year

2016

2015

2014

2013

2012

Annual

11

9

10

9

Chamber of Commerce

11

11

13

11

11

Payments

 

Description

Slow but correct

 

Payments within industry

Last quarter

Last year

Average payment period (days)

46

38

Average delay (days)

27

19

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

44,00%

35,00%

5,00%

13,00%

0,00%

4,00%

2018 Q1

38,00%

47,00%

9,00%

2,00%

0,00%

4,00%

2017 Q4

60,00%

27,00%

6,00%

3,00%

1,00%

4,00%

2017 Q3

55,00%

32,00%

8,00%

2,00%

0,00%

2,00%

2017 Q2

70,00%

25,00%

2,00%

1,00%

1,00%

2,00%

 

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

2015

2014

2013

2012

2011

Quick ratio

2,21

5,19

1,34

0,96

0,90

Current ratio

3,74

8,99

2,10

1,70

1,39

Working capital/ balance total

0,65

0,84

0,51

0,38

0,24

Equity / balance total

0,76

0,89

0,53

0,45

0,35

Equity / Fixed assets

6,85

15,58

20,36

5,77

2,68

Equity / liabilities

3,20

8,44

1,14

0,81

0,55

Balance total / liabilities

4,20

9,44

2,14

1,81

1,55

Working capital

5.387.404

5.754.677

4.584.489

2.721.189

1.594.787

Equity

6.304.712

6.141.640

4.785.147

3.192.167

2.333.542

Mutation equity

2,66

28,35

49,90

36,79

6,47

Mutation short term liabilities

173,27

-82,75

7,60

-5,53

-11,08

Return on total assets (ROA)

26,65

38,90

23,62

15,98

18,06

Return on equity (ROE)

34,99

43,51

44,41

35,83

50,88

Gross margin

4.162.470

4.626.573

4.210.496

3.311.683

3.334.076

Operating result

2.222.951

2.715.863

2.188.789

1.299.763

1.364.587

Net result after taxes

1.663.072

2.006.493

1.592.980

858.625

891.882

Cashflow

1.801.691

2.199.872

1.947.904

1.238.465

1.285.954

EBIT

2.222.951

2.715.863

2.188.789

1.299.763

1.364.587

EBITDA

2.361.570

2.909.242

2.543.713

1.679.603

1.758.659

 

Summary

The 2015 financial result structure is a postive working captial of 5.387.404 euro, which is in agreement with 65 % of the total assets of the company.
The working capital has diminished with -6.38 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2014 and 2015 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2015 was 3.74. If the current ratio exeeds 3.0, the company may not be using its current assets or its short-term financing facilities efficiently .
The quick ratio in 2015 of the company was 2.21. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

The 2014 financial result structure is a postive working captial of 5.754.677 euro, which is in agreement with 84 % of the total assets of the company.
The working capital has increased with 25.52 % 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 change of the current assets.
The current ratio of the company in 2014 was 8.99. If the current ratio exeeds 3.0, the company may not be using its current assets or its short-term financing facilities efficiently .
The quick ratio in 2014 of the company was 5.19. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

Financial statement

 

Last annual account

2015

Remark annual account

Although the statutory period has expired, the company's annual reports are not yet published.

Type of annual account

Corporate

Annual account

H.Ch. Schobbers B.V.
Vasco da Gamaweg 8
5928LD VENLO
Netherlands
Registration number: 12021171

 

Balance

 

Year

2015

2014

2013

2012

2011

End date

2015-12-31

2014-12-31

2013-12-31

2012-12-31

2011-12-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Tangible fixed assets

921.042

394.102

235.079

553.655

870.690

Fixed assets

921.042

394.102

235.079

553.655

870.690

Total stock

3.012.688

2.737.549

3.158.356

2.880.649

2.002.790

Total receivables

2.956.565

2.607.602

3.186.125

2.898.488

2.489.535

Liquid funds

1.387.254

1.130.105

2.416.193

823.146

1.210.599

Current assets

7.356.507

6.475.256

8.760.674

6.602.283

5.702.924

Total assets

8.277.549

6.869.358

8.995.753

7.155.938

6.573.614

Issued capital

68.067

68.067

68.067

68.067

68.067

Other reserves

6.236.645

6.073.573

4.717.080

3.124.100

2.265.475

Total reserves

6.236.645

6.073.573

4.717.080

3.124.100

2.265.475

Total equity

6.304.712

6.141.640

4.785.147

3.192.167

2.333.542

Provisions

3.734

7.139

34.421

82.677

131.935

Short term liabilities

1.969.103

720.579

4.176.185

3.881.094

4.108.137

Total short and long term liabilities

1.972.837

727.718

4.210.606

3.963.771

4.240.072

Total liabilities

8.277.549

6.869.358

8.995.753

7.155.938

6.573.614

 

Summary

The total assets of the company increased with 20.5 % between 2014 and 2015.
The total asset increase is retrievable in the fixed asset growth of 133.71 %.
The asset growth has mainly been financed by a debt increase of 171.1 %. The Net Worth, however, grew with 2.66 %.
In 2015 the assets of the company were 11.13 % composed of fixed assets and 88.87 % by current assets. The assets are being financed by an equity of 76.17 %, and total debt of 23.83 %.

The total assets of the company decreased with -23.64 % between 2013 and 2014.
Despite the total assets decrease, non current assets grew with 67.65 %.
The asset reduction is in contrast with the equity growth of 28.35 %. Due to this the total debt decreased with -82.72 %.
In 2014 the assets of the company were 5.74 % composed of fixed assets and 94.26 % by current assets. The assets are being financed by an equity of 89.41 %, and total debt of 10.59 %.

Profit and loss

 

Year

2015

2014

2013

2012

2011

Gross margin

4.162.470

4.626.573

4.210.496

3.311.683

3.334.076

Wages and salaries

789.825

795.146

770.991

735.141

663.812

Amorization and depreciation

138.619

193.379

354.924

379.840

394.072

other operating costs

1.011.075

922.185

895.792

896.939

911.605

Operating expenses

1.939.519

1.910.710

2.021.707

2.011.920

1.969.489

Operating result

2.222.951

2.715.863

2.188.789

1.299.763

1.364.587

Financial income

811

1.773

37

Financial expenses

17.462

43.612

65.525

155.921

177.290

Financial result

-16.651

-43.612

-63.752

-155.921

-177.253

Result on ordinary operations before taxes

2.206.300

2.672.251

2.125.037

1.143.842

1.187.334

Taxation on the result of ordinary activities

543.228

665.758

532.057

285.217

295.452

Result of ordinary activities after taxes

1.663.072

2.006.493

1.592.980

858.625

891.882

Net result

1.663.072

2.006.493

1.592.980

858.625

891.882

 

Summary

The gross profit of the company decreased by -10.03 % between 2014 and 2015.
The operating result of the company declined with -18.15 % between 2014 and 2015. This evolution implies an decrease of the company's economic profitability.
The result of these changes is a reduction of the company's Economic Profitability of -31.49 % of the analysed period, being equal to 26.65 in the year 2015.
The Net Result of the company decreased by -17.12 % between 2014 and 2015.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of -19.58 % of the analysed period, being 34.99 in the year 2015.
The company's financial profitability has been positively affected by its financial structure.

The gross profit of the company grew with 9.88 % between 2013 and 2014.
The operating result of the company grew with 24.08 % between 2013 and 2014. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 64.69 % of the analysed period, being equal to 38.9 in the year 2014.
The Net Result of the company increased by 25.96 % between 2013 and 2014.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of -2.03 % of the analysed period, being 43.51 in the year 2014.
The company's financial profitability has been positively affected by its financial structure.

Analysis

 

Branch (SBI)

Wholesale of seeds (SBI code 46212)

Region

Noord-Limburg

Summary

In the Netherlands 11304 of the companies are registered with the SBI code 46212
In the region Noord-Limburg 259 of the companies are registered with the SBI code 46212
In the Netherlands 53 of the bankrupcties are published within this sector
In the region Noord-Limburg 1 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 Noord-Limburg is normal

 

Year

2015

Company

2014

Company

2013

Equity

1.704.653

6.304.712 

1.627.576

6.141.640 

1.572.876

Working capital

1.088.022

5.387.404 

1.026.193

5.754.677 

986.060

Balance total

3.786.012

8.277.549 

3.805.750

6.869.358 

3.790.622

Quick ratio

1,26

2,21 

1,25

5,19 

1,17

Current ratio

1,70

3,74 

1,67

8,99 

1,56

Equity / balance total

0,43

0,76 

0,42

0,89 

0,39

Turnover

37.502.848

4.162.470 

28.798.231

4.626.573 

41.443.614

Net result

600.794

1.663.072 

685.620

2.006.493 

608.458

 

Publications

 

Deposits

16-11-2016: De jaarrekening over 2015 is gepubliceerd.
21-12-2015: De jaarrekening over 2014 is gepubliceerd.
24-12-2014: De jaarrekening over 2013 is gepubliceerd.
14-01-2014: De jaarrekening over 2012 is gepubliceerd.

 

Company structure

 

Relations

4

Company

Registration number

Schobbers Management B.V. (VENLO)

12038914  

| - - H.Ch. Schobbers B.V. (VENLO)

12021171  

| - - Torrendum B.V. (VENLO)

12002625  

| - - Schobbers Onroerend Goed B.V. (VENLO)

12058929  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.68

UK Pound

1

INR 93.98

Euro

1

INR 81.30

Euro

1

INR 81.34 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

SYL

                                                


 

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.