MIRA INFORM REPORT

 

 

Report No. :

505243

Report Date :

21.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HOOGENDIJK IMPORT EXPORT B.V.

 

 

Registered Office :

Haringbuisweg 21 3133KP Vlaardingen

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2017

 

 

Date of Incorporation :

10.07.1962

 

 

Com. Reg. No.:

KvK-nummer: 24254312

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Wholesale of fish.

 

 

No. of Employees :

2

 

 

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 :

Good

 

 

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

 

Summary

 

Company name

Hoogendijk Import Export B.V.

Operative address

Haringbuisweg 21
3133KP Vlaardingen
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 24254312

VAT-number

001145988

European VAT-number

NL001145988B01

Year

2017

Mutation

2016

Mutation

2015

Fixed assets

244.912

-20,16 

306.740

-16,29 

366.435

Total receivables

1.335.781

-57,17 

3.119.022

75,65 

1.775.736

Total equity

1.831.594

-9,49 

2.023.652

-20,31 

2.539.357

Short term liabilities

1.636.839

1.613.125

Working capital

1.586.682

-49,13 

3.119.022

43,54 

2.172.922

Quick ratio

0,82

1,10

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

Hoogendijk Import Export B.V.

Trade names

Hoogendijk Import Export B.V.
The Ultimate Taste

Operative address

Haringbuisweg 21
3133KP Vlaardingen
Netherlands

Correspondence address

Postbus 10
3130AA Vlaardingen
Netherlands

 

Telephone number

0102486666

Fax number

0102486600

Email address

information@hoogendijk.com

Website

www.hoogendijk.com

 

 

Registration

 

Registration number

KvK-nummer: 24254312

Branch number

000017330459

VAT-number

001145988

European VAT-number

NL001145988B01

Status

Active

First registration company register

1962-07-10

Memorandum

1962-07-10

Establishment date

1962-07-10

 

Legal form

Private Limited Company

Legal person since

1972-10-05

Last proposed admendment

2018-01-10

Issued placed capital

EUR 18.151

Paid up share capital

EUR 18.151

 

 

Activities

 

SBI

46382: Wholesale of fish

Exporter

Yes

Importer

Yes

 

Goal

De groothandel in-, alsmede de im- en export van vis en visprodukten en aanverwante artikelen

 

 

Relations

 

Companies on same address

CMC Vastgoed B.V.
Registration number: 24293645

 

 

Real Estate

 

Details operative address

Surface area: 2246 m2
Purpose: Industrial function
Construction year: 1980
Status: Building in use
Under investigation: No

 

Management

 

Active management

Cloggie B.V.
Limes 70
3176TE POORTUGAAL
Netherlands
Registration number: 24266744
Competence: Fully authorized
Function: Manager
Starting date: 1996-07-15

 

RiRo Onroerend Goed B.V.
Zandvoortstraat 43
1976BN IJmuiden
Netherlands
Registration number: 34241009
Competence: Fully authorized
Function: Manager
Starting date: 2017-05-15

 

J.H. Bouman Jan Hendrik
Bouwlust 185
3162SB Rhoon
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2017-08-01
Date of birth: 1967-05-13, Dordrecht, NL
Involved with the following companies:

Vereniging van Eigenaren Appartementengebouw Valeriaan II B te Rhoon
Bouwlust 169
3162SB RHOON
Netherlands
Registration number: 24472117
Function: Manager
Starting date: 2016-01-01

 

FrigoCare Rotterdam B.V.
Den Hamweg 3
3089KK ROTTERDAM
Netherlands
Registration number: 24385120
Function: Proxy
Starting date: 2005-11-01

 

 

Employees

 

Year

2018

2017

2015

2014

2013

Annual

9

9

9

9

Chamber of Commerce

2

9

9

2

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/PAYMENTS-01-line-large.png

Total

EUR 7.624

 

Last quarter

Last year

Average payment period (days)

16

16

Average delay (days)

2

3

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2018 Q1

A

1,00%

99,00%

0,00%

0,00%

0,00%

0,00%

2017 Q4

A

99,00%

1,00%

0,00%

0,00%

0,00%

0,00%

2017 Q3

A

50,00%

50,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

A

14,00%

86,00%

0,00%

0,00%

0,00%

0,00%

A = < 10.000, B = < 25.000, C = < 50.000, D = < 125.000, E = > 125.000

Payments within industry

Last quarter

Last year

Average payment period (days)

43

37

Average delay (days)

24

19

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q2

49,00%

38,00%

8,00%

2,00%

0,00%

3,00%

 

2018 Q1

52,00%

37,00%

6,00%

2,00%

1,00%

2,00%

 

2017 Q4

54,00%

36,00%

6,00%

2,00%

1,00%

1,00%

 

2017 Q3

44,00%

44,00%

7,00%

1,00%

3,00%

1,00%

 

2017 Q2

61,00%

35,00%

3,00%

1,00%

0,00%

0,00%

 

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

2017

2016

2015

2014

2013

Quick ratio

0,82

1,10

1,04

0,95

Current ratio

1,97

2,35

2,11

2,16

Working capital/ balance total

0,46

0,91

0,52

0,48

0,47

Equity / balance total

0,53

0,59

0,61

0,56

0,59

Equity / Fixed assets

7,48

6,60

6,93

7,07

4,82

Equity / liabilities

1,12

1,44

1,57

1,29

1,47

Balance total / liabilities

2,12

2,44

2,57

2,29

2,47

Working capital

1.586.682

3.119.022

2.172.922

2.140.580

1.895.506

Equity

1.831.594

2.023.652

2.539.357

2.493.426

2.391.183

Mutation equity

-9,49

-20,31

1,84

4,28

7,08

Mutation short term liabilities

-16,46

18,44

41,36

Summary

The 2017 financial result structure is a postive working captial of 1.586.682 euro, which is in agreement with 46 % of the total assets of the company.
The working capital has diminished with -49.13 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2016 and 2017 has mainly been caused by a change of the current assets.
The current ratio of the company in 2017 was 1.97. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2017 of the company was 0.82. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2016 financial result structure is a postive working captial of 3.119.022 euro, which is in agreement with 91 % of the total assets of the company.
The working capital has increased with 43.54 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2015 and 2016 has mainly been caused by a change of the current assets.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/KEYFIGURES-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/KEYFIGURES-02-bar-large.png

 

 

Financial statement

 

Last annual account

2017

Remark annual account

The company is obliged to file its financial statements.

Type of annual account

Corporate

Annual account

Hoogendijk Import Export B.V.
Haringbuisweg 21
3133KP Vlaardingen
Netherlands
Registration number: 24254312

 

 

Balance

 

Year

2017

2016

2015

2014

2013

End date

2017-12-31

2016-12-31

2015-12-31

2014-12-31

2013-12-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Other tangible fixed assets

306.740

Tangible fixed assets

244.912

306.740

366.435

352.846

495.677

Fixed assets

244.912

306.740

366.435

352.846

495.677

Total stock

1.881.352

2.009.971

2.060.202

1.978.201

Other receivables

3.119.022

Total receivables

1.335.781

3.119.022

1.775.736

1.506.921

1.391.926

Liquid funds

6.388

340

504.309

155.614

accruals

3.119.022

Current assets

3.223.521

3.119.022

3.786.047

4.071.432

3.525.741

Total assets

3.468.433

3.425.762

4.152.482

4.424.278

4.021.418

Issued capital

18.151

18.151

18.151

18.151

Other reserves

1.813.443

2.023.652

2.521.206

2.475.275

2.373.032

Total reserves

1.813.443

2.023.652

2.521.206

2.475.275

2.373.032

Total equity

1.831.594

2.023.652

2.539.357

2.493.426

2.391.183

Short term liabilities

1.636.839

1.613.125

1.930.852

1.630.235

Other liabilities

1.402.110

Total short and long term liabilities

1.636.839

1.402.110

1.613.125

1.930.852

1.630.235

Total liabilities

3.468.433

3.425.762

4.152.482

4.424.278

4.021.418

Summary

The total assets of the company increased with 1.25 % between 2016 and 2017.
Despite the assets growth, the non current assets decreased with -20.16 %.
Asset growth is in contrasts with the net worth decline of -9.49 %. The company's indebtedness has, therefore, increased with 16.74 %.
In 2017 the assets of the company were 7.06 % composed of fixed assets and 92.94 % by current assets. The assets are being financed by an equity of 52.81 %, and total debt of 47.19 %.

The total assets of the company decreased with -17.5 % between 2015 and 2016.
This total assets decrease has been reflected in a reduction of non current assets of -16.29 %.
Assets reduction is explained by a Net Worth decrease of -20.31 %, and an indebtedness reduction of -13.08 %.
In 2016 the assets of the company were 8.95 % composed of fixed assets and 91.05 % by current assets. The assets are being financed by an equity of 59.07 %, and total debt of 40.93 %.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/BALANCESHEETS-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1361352-EN/BALANCESHEETS-02-bar-large.png

 

 

Analysis

 

Branch (SBI)

Wholesale of fish (SBI code 46382)

Region

Groot-Rijnmond

Summary

In the Netherlands 31796 of the companies are registered with the SBI code 46382
In the region Groot-Rijnmond 3233 of the companies are registered with the SBI code 46382
In the Netherlands 137 of the bankrupcties are published within this sector
In the region Groot-Rijnmond 18 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-Rijnmond is normal

Year

2017

Company

2016

Company

2015

Equity

1.597.017

1.831.594 

1.525.547

2.023.652 

1.458.116

Working capital

1.087.852

1.586.682 

1.028.439

3.119.022 

986.034

Balance total

4.128.017

3.468.433 

4.078.173

3.425.762 

4.012.260

Quick ratio

1,15

0,82 

1,14

Current ratio

1,53

1,97 

1,46

Equity / balance total

0,39

0,53 

0,38

0,59 

0,36

 

 

Publications

 

Deposits

10-04-2018: De jaarrekening over 2017 is gepubliceerd.
21-02-2017: De jaarrekening over 2016 is gepubliceerd.
25-02-2016: De jaarrekening over 2015 is gepubliceerd.
03-03-2015: De jaarrekening over 2014 is gepubliceerd.
26-02-2014: De jaarrekening over 2013 is gepubliceerd.

Functions

09-08-2017: Per 01-08-2017 is bestuurder Jan Hendrik Bouman in functie getreden.
17-05-2017: Per 15-05-2017 is bestuurder 34241009 RiRo Onroerend Goed B.V. in functie getreden.
17-05-2017: Per 15-05-2017 is bestuurder 24108161 Caroline & Marjolein B.V. uit functie getreden.

Other

15-01-2018: Geplaatst kapitaal gewijzigd in EUR 18.151,20 Gestort kapitaal gewijzigd in EUR 18.151,20.
15-01-2018: Per 10-1-2018 statuten gewijzigd.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.01

UK Pound

1

INR 92.72

Euro

1

INR 81.45

Euro

1

INR 81.52

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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)

 

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.