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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

492629

Report Date :

16.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL FEATURE AGENCY TRADING DEPARTMENT B.V.

 

 

Registered Office :

Nieuwe Gracht 78, 2011NJ Haarlem

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

19.05.1993

 

 

Com. Reg. No.:

33247903

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Non-specialised wholesale of consumer goods

 

 

No. of Employees :

8

 

 

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 :

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

(30.06.2017)

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

International Feature Agency Trading Department B.V.

 

Summary

 

Company name

International Feature Agency Trading Department B.V.

Operative address

Nieuwe Gracht 78
2011NJ HAARLEM
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 33247903

VAT-number

814770083

European VAT-number

NL814770083B01

 

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

18.544

-57,30 

43.426

-37,42 

69.396

Total receivables

989.874

-51,22 

2.029.335

75,85 

1.154.011

Total equity

1.073.975

-18,70 

1.320.967

12,96 

1.169.397

Short term liabilities

574.461

-59,22 

1.408.752

51,04 

932.699

Working capital

1.055.431

-17,39 

1.277.541

16,14 

1.100.001

Quick ratio

2,24

34,94 

1,66

-9,29 

1,83

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1274885-EN/SUMMARY-01-bar-large.png

 

Contact information

 

Company name

International Feature Agency Trading Department B.V.

Trade names

International Feature Agency Trading Department B.V.

Operative address

Nieuwe Gracht 78
2011NJ HAARLEM
Netherlands

Correspondence address

Nieuwe Gracht 78
2011NJ HAARLEM
Netherlands

 

Telephone number

023-5514660

Fax number

023 5518111

 

Registration

 

Registration number

KvK-nummer: 33247903

Branch number

000017922356

VAT-number

814770083

European VAT-number

NL814770083B01

Status

Active

First registration company register

2005-06-01

Memorandum

2005-06-01

Establishment date

1993-05-19

 

Legal form

Private Limited Company

Legal person since

2005-06-01

Issued placed capital

EUR 496.788

Paid up share capital

EUR 496.788

 

Activities

 

SBI

46901: Non-specialised wholesale of consumer goods

Exporter

Yes

Importer

Yes

 

Relations

 

Companies on same address

Eblé Beheer B.V.
Registration number: 34190604

 

Claesens International B.V.
Registration number: 34145028

 

Stichting Beheer Derdengelden Eblé Advocaten
Registration number: 34201321

 

Fibbe Advocaten
Registration number: 60114800

 

Maatschap Eblé Advocaten
Registration number: 59550813

 

Stichting Bold Earth Cleaning Intelligence
Registration number: 65800079

 

Advocatenkantoor Eblé
Registration number: 70556342

 

Real Estate

 

Details operative address

Surface area: 941 m2
Purpose: Office function
Construction year: 1885
Status: Building in use
Under investigation: No

 

Management

 

Active management

Aja Holding B.V.
Bloemendaalseweg 159
2061CJ BLOEMENDAAL
Netherlands
Registration number: 34226755
Competence: Fully authorized
Function: Manager
Starting date: 2005-06-01

 

La Hacienda Holding B.V.
Munterslaantje 2
2111TR AERDENHOUT
Netherlands
Registration number: 34226829
Competence: Fully authorized
Function: Manager
Starting date: 2005-06-01

Employees

 

Year

2016

2015

2014

2013

2012

Annual

8

7

7

8

9

Chamber of Commerce

2

2

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1274885-EN/EMPLOYEES-01-bar-large.png

 

Payments

 

Description

No complaints

 

Payments within industry

Last quarter

Last year

Average payment period (days)

112

64

Average delay (days)

97

48

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

51,00%

30,00%

6,00%

1,00%

0,00%

12,00%

2017 Q4

71,00%

18,00%

2,00%

1,00%

1,00%

8,00%

2017 Q3

54,00%

33,00%

6,00%

0,00%

1,00%

6,00%

2017 Q2

68,00%

15,00%

1,00%

4,00%

2,00%

11,00%

2017 Q1

64,00%

25,00%

2,00%

4,00%

1,00%

4,00%

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

2,24

1,66

1,83

1,47

1,92

Current ratio

2,84

1,91

2,18

1,58

2,20

Working capital/ balance total

0,64

0,47

0,52

0,35

0,51

Equity / balance total

0,65

0,48

0,56

0,40

0,57

Equity / Fixed assets

57,91

30,42

16,85

8,51

9,46

Equity / liabilities

1,87

0,94

1,25

0,65

1,34

Balance total / liabilities

2,87

1,94

2,25

1,65

2,34

Working capital

1.055.431

1.277.541

1.100.001

752.193

1.139.064

Equity

1.073.975

1.320.967

1.169.397

852.395

1.273.701

Mutation equity

-18,70

12,96

37,19

-33,08

33,44

Mutation short term liabilities

-59,22

51,04

-28,50

37,71

-51,03

 

Summary

The 2016 financial result structure is a postive working captial of 1.055.431 euro, which is in agreement with 64 % of the total assets of the company.
The working capital has diminished with -17.39 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The deterioration between 2015 and 2016 has mainly been caused by a change of the current assets.
The current ratio of the company in 2016 was 2.84. 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 2.24. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

The 2015 financial result structure is a postive working captial of 1.277.541 euro, which is in agreement with 47 % of the total assets of the company.
The working capital has increase with 16.14 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.
The improvement between 2014 and 2015 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2015 was 1.91. 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 1.66. 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-1274885-EN/KEYFIGURES-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1274885-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

International Feature Agency Trading Department B.V.
Nieuwe Gracht 78
2011NJ HAARLEM
Netherlands
Registration number: 33247903

 

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

6.289

14.677

Tangible fixed assets

18.544

43.426

69.396

93.913

119.960

Fixed assets

18.544

43.426

69.396

100.202

134.637

Total stock

344.810

354.037

329.444

136.527

267.616

Total receivables

989.874

2.029.335

1.154.011

1.597.503

1.192.025

Liquid funds

295.208

302.921

549.245

322.705

626.732

Current assets

1.629.892

2.686.293

2.032.700

2.056.735

2.086.373

Total assets

1.648.436

2.729.719

2.102.096

2.156.937

2.221.010

Issued capital

496.788

496.788

496.788

496.788

496.788

Other reserves

577.187

824.179

672.609

355.607

776.913

Total reserves

577.187

824.179

672.609

355.607

776.913

Total equity

1.073.975

1.320.967

1.169.397

852.395

1.273.701

Short term liabilities

574.461

1.408.752

932.699

1.304.542

947.309

Total short and long term liabilities

574.461

1.408.752

932.699

1.304.542

947.309

Total liabilities

1.648.436

2.729.719

2.102.096

2.156.937

2.221.010

 

Summary

The total assets of the company decreased with -39.61 % between 2015 and 2016.
This downturn is mainly retrievable in the fixed asset decrease of -57.3 %.
Assets reduction is explained by a Net Worth decrease of -18.7 %, and an indebtedness reduction of -59.22 %.
In 2016 the assets of the company were 1.12 % composed of fixed assets and 98.88 % by current assets. The assets are being financed by an equity of 65.15 %, and total debt of 34.85 %.

The total assets of the company increased with 29.86 % between 2014 and 2015.
Despite the assets growth, the non current assets decreased with -37.42 %.
The asset growth has mainly been financed by a debt increase of 51.04 %. The Net Worth, however, grew with 12.96 %.
In 2015 the assets of the company were 1.59 % composed of fixed assets and 98.41 % by current assets. The assets are being financed by an equity of 48.39 %, and total debt of 51.61 %.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1274885-EN/BALANCESHEETS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1274885-EN/BALANCESHEETS-02-bar-large.png

 

Analysis

 

Branch (SBI)

Non-specialised wholesale of consumer goods (SBI code 46901)

Region

Kennemerland

Summary

In the Netherlands 8587 of the companies are registered with the SBI code 46901
In the region Kennemerland 215 of the companies are registered with the SBI code 46901
In the Netherlands 111 of the bankrupcties are published within this sector
In the region Kennemerland 2 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 Kennemerland is normal

 

Year

2016

Company

2015

Company

2014

Equity

20.260

1.073.975 

22.575

1.320.967 

23.913

Working capital

38.410

1.055.431 

23.125

1.277.541 

21.351

Balance total

143.316

1.648.436 

161.297

2.729.719 

165.060

Quick ratio

1,14

2,24 

1,09

1,66 

1,14

Current ratio

0,80

2,84 

1,27

1,91 

1,32

Equity / balance total

0,30

0,65 

0,28

0,48 

0,29

 

Publications

 

Deposits

13-12-2017: De jaarrekening over 2016 is gepubliceerd.
08-09-2016: De jaarrekening over 2015 is gepubliceerd.
25-03-2015: De jaarrekening over 2014 is gepubliceerd.
08-04-2014: De jaarrekening over 2013 is gepubliceerd.
10-06-2013: De jaarrekening over 2012 is gepubliceerd.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.92

UK Pound

1

INR 89.55

Euro

1

INR 79.68

Euro

1

INR 80.06 

 

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.