MIRA INFORM REPORT

 

 

Report No. :

490530

Report Date :

07.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MOBEYE B.V.

 

 

Registered Office :

Poeldonkweg 5, 5216JX 's-Hertogenbosch

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

01.01.2008

 

 

Com. Reg. No.:

17218489

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of electronic and communication equipment and related parts

·         Wireless telecommunications activities

·         Engineers and other technical design and consultancy

 

 

No. of Employees :

6 [2018]

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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

Mobeye

 

Summary

 

Company name

Mobeye B.V.

Operative address

Poeldonkweg 5
5216JX 's-Hertogenbosch
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 17218489

VAT-number

819051834

European VAT-number

NL819051834B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

359.771

33,52 

269.444

2,11 

263.880

Total receivables

36.074

-57,61 

85.093

13,61 

74.897

Total equity

2.411

-79,35 

11.676

-80,26 

59.150

Short term liabilities

79.770

54,81 

51.528

-15,80 

61.199

Working capital

89.040

-18,04 

108.632

30,61 

83.170

Quick ratio

0,63

-63,58 

1,73

23,57 

1,40

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/SUMMARY-01-bar-large.png

 

Contact information

 

Company name

Mobeye B.V.

Trade names

Mobeye
Mobeye B.V.
Alarmverhuur.nl
Mobile Sensor
Telecontrol Services

Operative address

Poeldonkweg 5
5216JX 's-Hertogenbosch
Netherlands

Correspondence address

Poeldonkweg 5
5216JX 's-Hertogenbosch
Netherlands

 

Telephone number

0737850858

Email address

info@mobeye.nl

Website

www.mobeye.nl

 

Registration

 

Registration number

KvK-nummer: 17218489

Branch number

000020414625

VAT-number

819051834

European VAT-number

NL819051834B01

Status

Active

First registration company register

2008-03-21

Memorandum

2008-03-18

Legal form initiated

Sole Proprietorship

Establishment date

2008-01-01

 

Legal form

Private Limited Company

Legal person since

2008-03-18

Last proposed admendment

2012-04-25

Issued placed capital

EUR 18.000

Paid up share capital

EUR 18.000

 

Activities

 

SBI

4652: Wholesale of electronic and communication equipment and related parts
6120: Wireless telecommunications activities
7112: Engineers and other technical design and consultancy

Exporter

Yes

Importer

Yes

 

Goal

The development of and trade in electronic equipment; wireless telecommunications

 

Relations

 

Shareholders

Living Future B.V.
Borneostraat 11
5215VB 'S-HERTOGENBOSCH
Netherlands
Registration number: 17173453
Percentage: 100%

Companies on same address (number)

16

 

Real Estate

 

Details operative address

Surface area: 3882 m2
Purpose: Industrial function, Office function
Construction year: 1960
Status: Building in use
Under investigation: No

 

Management

 

Active management

Living Future B.V.
Borneostraat 11
5215VB 'S-HERTOGENBOSCH
Netherlands
Registration number: 17173453
Competence: Fully authorized
Function: General Director
Starting date: 2008-03-18

 

Employees

 

Year

2018

2016

2015

2014

2013

Annual

8

7

6

5

Chamber of Commerce

6

7

7

7

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/EMPLOYEES-01-bar-large.png

 

Payments

 

Description

Slow

 

Payments within industry

Last quarter

Last year

Average payment period (days)

47

40

Average delay (days)

27

21

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

64,00%

19,00%

4,00%

2,00%

0,00%

11,00%

2017 Q4

58,00%

21,00%

4,00%

1,00%

2,00%

14,00%

2017 Q3

57,00%

27,00%

5,00%

2,00%

1,00%

7,00%

2017 Q2

67,00%

27,00%

3,00%

1,00%

2,00%

1,00%

2017 Q1

60,00%

28,00%

5,00%

3,00%

2,00%

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

0,63

1,73

1,40

1,18

1,29

Current ratio

2,12

3,11

2,36

1,93

2,53

Working capital/ balance total

0,17

0,25

0,20

0,20

0,26

Equity / balance total

0,00

0,03

0,14

0,18

0,28

Equity / Fixed assets

0,01

0,04

0,22

0,31

0,49

Equity / liabilities

0,00

0,03

0,17

0,22

0,39

Balance total / liabilities

1,00

1,03

1,17

1,22

1,39

Working capital

89.040

108.632

83.170

92.218

115.158

Equity

2.411

11.676

59.150

81.914

123.391

Mutation equity

-79,35

-80,26

-27,79

-33,61

71,10

Mutation short term liabilities

54,81

-15,80

-38,34

32,00

12,51

 

Summary

The 2016 financial result structure is a postive working captial of 89.040 euro, which is in agreement with 17 % of the total assets of the company.
The working capital has diminished with -18.04 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 2.12. 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 0.63. 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 108.632 euro, which is in agreement with 25 % of the total assets of the company.
The working capital has increased with 30.61 % 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 3.11. 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 1.73. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/KEYFIGURES-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/KEYFIGURES-02-bar-large.png

 

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

Mobeye B.V.
Poeldonkweg 5
5216JX 's-Hertogenbosch
Netherlands
Registration number: 17218489

 

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

310.150

269.181

263.111

260.591

249.850

Tangible fixed assets

5.951

263

769

2.005

3.483

Financial fixed assets

43.670

Fixed assets

359.771

269.444

263.880

262.596

253.333

Total stock

118.663

71.263

58.534

74.444

93.344

Total receivables

36.074

85.093

74.897

105.174

56.899

Liquid funds

14.073

3.804

10.938

11.847

40.100

Current assets

168.810

160.160

144.369

191.465

190.343

Total assets

528.581

429.604

408.249

454.061

443.676

Issued capital

18.000

18.000

18.000

18.000

18.000

Share premium reserve

200.000

200.000

200.000

200.000

200.000

Legal and statutory reserve

310.150

269.181

263.111

260.591

249.850

Other reserves

-525.739

-475.505

-421.961

-396.677

-344.459

Total reserves

-15.589

-6.324

41.150

63.914

105.391

Total equity

2.411

11.676

59.150

81.914

123.391

Long term interest yielding debt

446.400

366.400

287.900

272.900

245.100

Long term liabilities

446.400

366.400

287.900

272.900

245.100

Short term liabilities

79.770

51.528

61.199

99.247

75.185

Total short and long term liabilities

526.170

417.928

349.099

372.147

320.285

Total liabilities

528.581

429.604

408.249

454.061

443.676

 

Summary

The total assets of the company increased with 23.04 % between 2015 and 2016.
The total asset increase is retrievable in the fixed asset growth of 33.52 %.
Asset growth is in contrasts with the net worth decline of -79.35 %. The company's indebtedness has, therefore, increased with 25.9 %.
In 2016 the assets of the company were 68.06 % composed of fixed assets and 31.94 % by current assets. The assets are being financed by an equity of 0.46 %, and total debt of 99.54 %.

The total assets of the company increased with 5.23 % between 2014 and 2015.
The fixed asset growth of 2.11 % is lower than the total asset growth.
Asset growth is in contrasts with the net worth decline of -80.26 %. The company's indebtedness has, therefore, increased with 19.72 %.
In 2015 the assets of the company were 62.72 % composed of fixed assets and 37.28 % by current assets. The assets are being financed by an equity of 2.72 %, and total debt of 97.28 %.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/BALANCESHEETS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1264274-EN/BALANCESHEETS-02-bar-large.png

 

Analysis

 

Branch (SBI)

Engineers and other technical design and consultancy (SBI code 7112)

Region

Midden-Brabant

Summary

In the Netherlands 57393 of the companies are registered with the SBI code 7112
In the region Midden-Brabant 2612 of the companies are registered with the SBI code 7112
In the Netherlands 518 of the bankrupcties are published within this sector
In the region Midden-Brabant 23 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 Midden-Brabant is normal

Year

2016

Company

2015

Company

2014

Equity

62.921

2.411 

60.610

11.676 

58.601

Working capital

74.981

89.040 

54.365

108.632 

46.779

Balance total

201.457

528.581 

200.779

429.604 

200.117

Quick ratio

1,68

0,63 

1,70

1,73 

1,65

Current ratio

1,02

2,12 

1,63

3,11 

1,71

Equity / balance total

0,44

0,00 

0,42

0,03 

0,41

 

Publications

 

Deposits

02-10-2017: De jaarrekening over 2016 is gepubliceerd.
07-10-2016: De jaarrekening over 2015 is gepubliceerd.
21-12-2015: De jaarrekening over 2014 is gepubliceerd.
15-12-2014: De jaarrekening over 2013 is gepubliceerd.
02-10-2013: De jaarrekening over 2012 is gepubliceerd.

 

Company structure

 

Relations

2

Company

Registration number

Living Future B.V. ('S-HERTOGENBOSCH)

17173453  

| - - Mobeye B.V. ('s-Hertogenbosch)

17218489  

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.27

UK Pound

1

INR 89.72

Euro

1

INR 79.52

Euro

1

INR 79.44

 

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.