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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505496

Report Date :

24.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

YPAREX B.V.

 

 

Registered Office :

Goolkatenweg 10, 7521BG Enschede

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

15.01.1947

 

 

Com. Reg. No.:

14049543

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of basic and industrial chemicals

 

 

No. of Employees :

5

 

 

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 :

No Complaints

 

 

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

Yparex B.V.

 

Summary

 

Company name

Yparex B.V.

Operative address

Goolkatenweg 10
7521BG Enschede
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 14049543

VAT-number

001446174

European VAT-number

NL001446174B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

26.977

-14,65 

31.606

11,55 

28.334

Total receivables

1.727.830

2,68 

1.682.776

14,85 

1.465.216

Total equity

3.609.710

3,61 

3.483.965

70,17 

2.047.302

Short term liabilities

2.368.925

6,98 

2.214.261

-3,92 

2.304.689

Working capital

3.601.742

3,92 

3.465.910

70,55 

2.032.248

Quick ratio

0,73

-3,95 

0,76

18,75 

0,64

Contact information

 

Company name

Yparex B.V.

Trade names

Yparex B.V.

Operative address

Goolkatenweg 10
7521BG Enschede
Netherlands

Correspondence address

Goolkatenweg 10
7521BG Enschede
Netherlands

 

Telephone number

0534824888

Fax number

0534824880

Email address

info@yparex.com

Website

www.yparex.com

 

Registration

 

Registration number

KvK-nummer: 14049543

Branch number

000018313310

VAT-number

001446174

European VAT-number

NL001446174B01

Status

Active

First registration company register

1947-07-31

Memorandum

1947-07-31

Establishment date

1947-01-15

 

Legal form

Private Limited Company

Legal person since

1972-12-15

Last proposed admendment

2011-04-01

Issued placed capital

EUR 50.000

Paid up share capital

EUR 50.000

 

Activities

 

SBI

46751: Wholesale of basic and industrial chemicals

Exporter

No

Importer

No

 

Goal

De ontwikkeling en de productie van en de handel in kunstof gebaseerd op granulaat, polyolefine en/of maleïnezuuranhydride, alsmede het uitoefenen van houdsteractiviteiten.

 

Relations

 

Shareholders

The Compound Company B.V.
Goolkatenweg 10
7521BG Enschede
Netherlands
Registration number: 51936143
Percentage: 100%

Affiliates

Resin PT International B.V.
Goolkatenweg 10
7521BG Enschede
Netherlands
Registration number: 55676812

 

EcoForte B.V.
Goolkatenweg 10
7521BG Enschede
Netherlands
Registration number: 08146276

 

Branches

Yparex B.V.
Urmonderbaan 20 GBUILDING1
6167RD GELEEN
Netherlands
Registration number: 14049543

Companies on same address

EcoForte B.V.
Registration number: 08146276

 

i4hi B.V.
Registration number: 08146278

 

The Compound Company B.V.
Registration number: 51936143

 

Resin PT International B.V.
Registration number: 55676812

 

Maatschap GKW
Registration number: 59912006

 

Liability statements

Koninklijke DSM N.V.
Het Overloon 1
6411TE Heerlen
Netherlands
Registration number: 14022069
date of issue: 2001-06-19
Starting date: 2000-01-01
End date: 2011-04-06

 

Real Estate

 

Details operative address

Surface area: 4570 m2
Purpose: Industrial function
Construction year: 1985
Status: Building in use
Under investigation: No

 

Management

 

Active management

Reesteyn Beheer B.V.
Herenstraat 25 2e verdieping
3621AP Breukelen
Netherlands
Registration number: 24391302
Competence: Fully authorized
Function: Manager
Starting date: 2011-04-01

 

W. van den Berg Wouter
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2011-04-01
Date of birth: 1967-09-20, 's-Hertogenbosch, NL

 

M.G.A. van Langen Maria-Louise Gezina Agnes
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-05-31
Date of birth: 1969-08-24, Losser, NL

 

I.T.J. Velthof Ivo Theodorus Johannes
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2017-02-02
Date of birth: 1972-02-01, Almelo, NL
Involved with the following companies:

Foseco Nederland B.V.
Binnenhavenstraat 20
7553GJ HENGELO
Netherlands
Registration number: 09087414
Function: Proxy
Starting date: 2002-05-01

 

EcoForte B.V.
Goolkatenweg 10
7521BG Enschede
Netherlands
Registration number: 08146276
Function: Proxy
Starting date: 2017-02-02

 

Employees

 

Year

2018

2016

2015

2014

2013

Annual

6

5

5

5

Chamber of Commerce

5

5

5

0

Payments

 

Description

No complaints

 

Payments within industry

Last quarter

Last year

Average payment period (days)

49

40

Average delay (days)

29

21

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

67,00%

29,00%

3,00%

0,00%

0,00%

0,00%

2018 Q1

59,00%

34,00%

3,00%

1,00%

0,00%

3,00%

2017 Q4

60,00%

36,00%

1,00%

1,00%

1,00%

1,00%

2017 Q3

56,00%

41,00%

2,00%

1,00%

0,00%

0,00%

2017 Q2

69,00%

28,00%

1,00%

0,00%

0,00%

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

2016

2015

2014

2013

2012

Quick ratio

0,73

0,76

0,64

0,85

0,53

Current ratio

2,52

2,57

1,88

2,21

1,69

Working capital/ balance total

0,60

0,61

0,47

0,55

0,41

Equity / balance total

0,60

0,61

0,47

0,54

0,34

Equity / Fixed assets

133,81

110,23

72,26

498,05

168,70

Equity / liabilities

1,51

1,56

0,88

1,19

0,52

Balance total / liabilities

2,51

2,56

1,88

2,19

1,52

Working capital

3.601.742

3.465.910

2.032.248

2.104.084

1.626.166

Equity

3.609.710

3.483.965

2.047.302

2.095.282

1.371.552

Mutation equity

3,61

70,17

-2,29

52,77

179,02

Mutation short term liabilities

6,98

-3,92

32,21

-26,10

-20,12

 

Summary

The 2016 financial result structure is a postive working captial of 3.601.742 euro, which is in agreement with 60 % of the total assets of the company.
The working capital has increase with 3.92 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.
The improvement between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 2.52. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2016 of the company was 0.73. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2015 financial result structure is a postive working captial of 3.465.910 euro, which is in agreement with 61 % of the total assets of the company.
The working capital has increased with 70.55 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2014 and 2015 has mainly been caused by a change of the current assets.
The current ratio of the company in 2015 was 2.57. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2015 of the company was 0.76. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

 

 

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

Yparex B.V.
Goolkatenweg 10
7521BG Enschede
Netherlands
Registration number: 14049543

 

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

Tangible fixed assets

26.977

31.606

28.334

4.207

8.130

Fixed assets

26.977

31.606

28.334

4.207

8.130

Total stock

4.242.837

3.997.395

2.871.721

2.363.569

2.730.293

Total receivables

1.727.830

1.682.776

1.465.216

1.483.754

1.254.839

Current assets

5.970.667

5.680.171

4.336.937

3.847.323

3.985.132

Total assets

5.997.644

5.711.777

4.365.271

3.851.530

3.993.262

Issued capital

50.000

50.000

50.000

50.000

50.000

Other reserves

3.559.710

3.433.965

1.997.302

2.045.282

1.321.552

Total reserves

3.559.710

3.433.965

1.997.302

2.045.282

1.321.552

Total equity

3.609.710

3.483.965

2.047.302

2.095.282

1.371.552

Provisions

19.009

13.551

13.280

13.009

12.744

Long term interest yielding debt

250.000

Long term liabilities

250.000

Short term liabilities

2.368.925

2.214.261

2.304.689

1.743.239

2.358.966

Total short and long term liabilities

2.387.934

2.227.812

2.317.969

1.756.248

2.621.710

Total liabilities

5.997.644

5.711.777

4.365.271

3.851.530

3.993.262

 

Summary

The total assets of the company increased with 5 % between 2015 and 2016.
Despite the assets growth, the non current assets decreased with -14.65 %.
The asset growth has mainly been financed by a debt increase of 7.19 %. The Net Worth, however, grew with 3.61 %.
In 2016 the assets of the company were 0.45 % composed of fixed assets and 99.55 % by current assets. The assets are being financed by an equity of 60.19 %, and total debt of 39.81 %.

The total assets of the company increased with 30.85 % between 2014 and 2015.
The fixed asset growth of 11.55 % is lower than the total asset growth.
The assets growth has been financed by a Net Worth increase of 70.17 %. The company's net increase has also covered a reduction of -3.89 % of the company's indebtedness.
In 2015 the assets of the company were 0.55 % composed of fixed assets and 99.45 % by current assets. The assets are being financed by an equity of 61 %, and total debt of 39 %.

 

 

Analysis

 

Branch (SBI)

Wholesale of basic and industrial chemicals (SBI code 46751)

Region

Twente

Summary

In the Netherlands 2308 of the companies are registered with the SBI code 46751
In the region Twente 91 of the companies are registered with the SBI code 46751
In the Netherlands 17 of the bankrupcties are published within this sector
In the region Twente 1 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is High
The risk of this specific sector in the region Twente is High

Year

2016

Company

2015

Company

2014

Equity

1.994.445

3.609.710 

1.829.320

3.483.965 

1.765.750

Working capital

1.379.498

3.601.742 

1.293.037

3.465.910 

1.167.995

Balance total

4.557.860

5.997.644 

4.293.178

5.711.777 

4.258.911

Quick ratio

1,25

0,73 

1,29

0,76 

1,18

Current ratio

1,77

2,52 

1,78

2,57 

1,67

Equity / balance total

0,45

0,60 

0,43

0,61 

0,40

 

Publications

 

Deposits

22-12-2017: De jaarrekening over 2016 is gepubliceerd.
17-03-2016: De jaarrekening over 2015 is gepubliceerd.
04-09-2015: De jaarrekening over 2014 is gepubliceerd.
19-05-2015: De jaarrekening over 2014 is gepubliceerd.
17-03-2014: De jaarrekening over 2013 is gepubliceerd.
29-08-2013: De jaarrekening over 2012 is gepubliceerd.

Functions

15-02-2017: Per 30-06-2016 is gevolmachtigde Remco Gerben Edelijn uit functie getreden.
06-02-2017: Per 02-02-2017 is gevolmachtigde Ivo Theodorus Johannes Velthof in functie getreden.
26-06-2014: Per 01-02-2014 is gevolmachtigde Remco Gerben Edelijn in functie getreden.

 

Company structure

 

Relations

4

Company

Registration number

The Compound Company B.V. (Enschede)

51936143  

| - - EcoForte B.V. (Enschede)

08146276  

| - - Resin PT International B.V. (Enschede)

55676812  

| - - Yparex B.V. (Enschede)

14049543  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.22

UK Pound

1

INR 92.84

Euro

1

INR 81.27

Euro

1

INR 81.07 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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.