MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

485508

Report Date :

12.01.2018

 

IDENTIFICATION DETAILS

 

Name :

METROHM AUTOLAB B.V.

 

 

Registered Office :

Kanaalweg 29 G, 3526KM Utrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

17.08.1995

 

 

Com. Reg. No.:

30128927

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of instruments for measuring, testing, navigation and controlling

 

 

No. of Employees :

42 [2017]

 

 

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

(30.06.2017)

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 persistently 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 2016, the government budget returned to a surplus of 0.3% of GDP, with economic growth of 2.1%, and GDP per capita finally surpassed pre-crisis levels. The Dutch government projects steady but modest economic growth of 2.1% in 2017 and unemployment decreasing to 4.9%.

 

Source : CIA

 

Company name

 

Name

Metrohm Autolab B.V.

 

Summary

 

Company name

Metrohm Autolab B.V.

Operative address

Kanaalweg 29 G
3526KM Utrecht
Netherlands

Status

Active

Specification

This company can meet all its obligations.

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 30128927

VAT-number

803912316

European VAT-number

NL803912316B01

 

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

1.603.654

-16,02 

1.909.586

-12,62 

2.185.386

Total receivables

1.347.386

-36,22 

2.112.655

-7,39 

2.281.168

Total equity

9.528.026

10,40 

8.630.620

8,17 

7.978.399

Short term liabilities

680.597

-21,14 

863.029

15,41 

747.781

Net result

816.237

Working capital

7.924.372

17,90 

6.721.034

16,02 

5.793.013

Quick ratio

9,76

54,68 

6,31

15,15 

5,48

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-EN/SUMMARY-01-bar-large.png

Contact information

 

Company name

Metrohm Autolab B.V.

Trade names

Metrohm Autolab B.V.

Operative address

Kanaalweg 29 G
3526KM Utrecht
Netherlands

Correspondence address

Kanaalweg 29 G
3526KM Utrecht
Netherlands

 

Telephone number

030-2893154

Fax number

0302880715

Email address

info@metrohm-autolab.com

Website

www.metrohm-autolab.com

 

Registration

 

Registration number

KvK-nummer: 30128927

Branch number

000005486343

VAT-number

803912316

European VAT-number

NL803912316B01

Status

Active

First registration company register

1995-08-17

Memorandum

1995-08-17

Establishment date

1995-08-17

 

Legal form

Private Limited Company

Last proposed admendment

2009-09-08

Issued placed capital

EUR 18.160

Paid up share capital

EUR 18.160

 

Activities

 

SBI

2651: Manufacture of instruments for measuring, testing, navigation and controlling

Exporter

No

Importer

No

 

Goal

Het ontwikkelen van technisch wetenschappelijke software voor derden; het ontwikkelen en verkopen van computergestuurde laboratorium instrumenten; het uitvoeren van laboratorium automatiseringsprojecten voor derden.

 

Relations

 

Shareholders

Metrohm A.G.
Oberdorfstrasse 68
CH-9100 Herisau
Switzerland
Percentage: 100%

Shareholders

Naam: Metrohm A.G.
Bezoekadres: Oberdorfstrasse 68, CH-9100 Herisau, Zwitserland
Ingeschreven in: Handelsregister Herisau, Zwitserland onder nummer CH-300.3.012.064-1
Enig aandeelhouder sedert: 15-04-2011 (datum registratie: 21-04-2011)

 

Real Estate

 

Details operative address

Surface area: 1430 m2
Purpose: Industrial function
Construction year: 2000
Status: Building in use
Under investigation: No

 

Management

 

Active management

A. Mijiritskii Andrei
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2015-05-01
Date of birth: 1973-01-26, Moskou, NL

 

J.J.M. Coenen Josef Johan Maria
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2010-01-01
Date of birth: 1963-07-17, Utrecht, NL

 

J.E. van Dillen Jaco Enrique
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-05-13
Date of birth: 1972-05-05, Culemborg, NL

 

Employees

 

Year

2017

2016

2015

2014

2013

Annual

42

42

41

38

36

Chamber of Commerce

42

34

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-EN/EMPLOYEES-01-bar-large.png

 

Payments

 

Description

No complaints

 

Payments within industry

Last quarter

Last year

Average payment period (days)

40

39

Average delay (days)

21

18

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

55,00%

31,00%

5,00%

2,00%

2,00%

6,00%

2017 Q4

55,00%

31,00%

5,00%

2,00%

2,00%

6,00%

2017 Q3

51,00%

31,00%

6,00%

5,00%

1,00%

6,00%

2017 Q2

47,00%

39,00%

3,00%

2,00%

1,00%

8,00%

2017 Q1

54,00%

37,00%

2,00%

5,00%

0,00%

3,00%

 

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

9,76

6,31

5,48

4,04

3,18

Current ratio

12,64

8,79

8,75

6,21

4,80

Working capital/ balance total

0,78

0,71

0,66

0,60

0,54

Equity / balance total

0,93

0,91

0,91

0,88

0,86

Equity / Fixed assets

5,94

4,52

3,65

3,12

2,65

Equity / liabilities

14,00

10,00

10,67

7,67

6,10

Balance total / liabilities

15,00

11,00

11,67

8,67

7,10

Working capital

7.924.372

6.721.034

5.793.013

5.374.730

4.825.403

Equity

9.528.026

8.630.620

7.978.399

7.912.161

7.744.849

Mutation equity

10,40

8,17

0,84

2,16

8,12

Mutation short term liabilities

-21,14

15,41

-27,51

-18,79

-22,07

Return on total assets (ROA)

12,25

21,59

23,22

Return on equity (ROE)

13,39

24,40

27,03

Gross margin

4.643.804

5.340.757

5.368.799

Operating result

1.047.816

1.899.897

2.058.507

Net result after taxes

816.237

1.467.312

1.581.372

Cashflow

962.675

1.604.994

1.714.786

EBIT

1.047.816

1.899.897

2.058.507

EBITDA

1.194.254

2.037.579

2.191.921

 

Summary

The 2016 financial result structure is a postive working captial of 7.924.372 euro, which is in agreement with 78 % of the total assets of the company.
The working capital has increased with 17.9 % 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.
The current ratio of the company in 2016 was 12.64. 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 2016 of the company was 9.76. 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 6.721.034 euro, which is in agreement with 71 % of the total assets of the company.
The working capital has increased with 16.02 % 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 8.79. 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 6.31. 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-1213587-EN/KEYFIGURES-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-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

Metrohm Autolab B.V.
Kanaalweg 29 G
3526KM Utrecht
Netherlands
Registration number: 30128927

 

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

38.046

71.469

Tangible fixed assets

1.565.608

1.538.117

1.585.386

1.637.431

1.719.446

Financial fixed assets

300.000

600.000

900.000

1.200.000

Fixed assets

1.603.654

1.909.586

2.185.386

2.537.431

2.919.446

Total stock

1.961.193

2.136.868

2.443.351

2.238.599

2.055.199

Total receivables

1.347.386

2.112.655

2.281.168

2.278.867

1.956.201

Liquid funds

5.296.390

3.334.540

1.816.275

1.888.843

2.084.332

Current assets

8.604.969

7.584.063

6.540.794

6.406.309

6.095.732

Total assets

10.208.623

9.493.649

8.726.180

8.943.740

9.015.178

Issued capital

18.160

18.160

18.160

18.160

18.160

Other reserves

9.509.866

8.612.460

7.960.239

7.894.001

7.726.689

Total reserves

9.509.866

8.612.460

7.960.239

7.894.001

7.726.689

Total equity

9.528.026

8.630.620

7.978.399

7.912.161

7.744.849

Short term liabilities

680.597

863.029

747.781

1.031.579

1.270.329

Total short and long term liabilities

680.597

863.029

747.781

1.031.579

1.270.329

Total liabilities

10.208.623

9.493.649

8.726.180

8.943.740

9.015.178

 

Summary

The total assets of the company increased with 7.53 % between 2015 and 2016.
Despite the assets growth, the non current assets decreased with -16.02 %.
The assets growth has been financed by a Net Worth increase of 10.4 %. The company's net increase has also covered a reduction of -21.14 % of the company's indebtedness.
In 2016 the assets of the company were 15.71 % composed of fixed assets and 84.29 % by current assets. The assets are being financed by an equity of 93.33 %, and total debt of 6.67 %.

The total assets of the company increased with 8.8 % between 2014 and 2015.
Despite the assets growth, the non current assets decreased with -12.62 %.
The asset growth has mainly been financed by a debt increase of 15.41 %. The Net Worth, however, grew with 8.17 %.
In 2015 the assets of the company were 20.11 % composed of fixed assets and 79.89 % by current assets. The assets are being financed by an equity of 90.91 %, and total debt of 9.09 %.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-EN/BALANCESHEETS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-EN/BALANCESHEETS-02-bar-large.png

 

Profit and loss

 

Year

2014

2013

2012

Gross margin

4.643.804

5.340.757

5.368.799

Wages and salaries

2.666.238

2.569.528

2.395.312

Amorization and depreciation

146.438

137.682

133.414

other operating costs

783.312

733.650

781.566

Operating expenses

3.595.988

3.440.860

3.310.292

Operating result

1.047.816

1.899.897

2.058.507

Financial income

46.162

56.290

56.325

Financial expenses

25.397

25.234

21.077

Financial result

20.765

31.056

35.248

Result on ordinary operations before taxes

1.068.581

1.930.953

2.093.755

Taxation on the result of ordinary activities

252.344

470.618

512.383

Result of ordinary activities after taxes

816.237

1.460.335

1.581.372

Result subsidiaries after taxes

6.977

Net result

816.237

1.467.312

1.581.372

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1213587-EN/PROFITLOSSACCOUNTS-01-bar-large.png

 

Analysis

 

Branch (SBI)

Manufacture of instruments for measuring, testing, navigation and controlling (SBI code 2651)

Region

Westelijk Utrecht

Summary

In the Netherlands 794 of the companies are registered with the SBI code 2651
In the region Westelijk Utrecht 32 of the companies are registered with the SBI code 2651
In the Netherlands 19 of the bankrupcties 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 Westelijk Utrecht is High

 

Year

2016

Company

2015

Company

2014

Equity

113.486

9.528.026 

138.290

8.630.620 

164.427

Working capital

172.010

7.924.372 

138.268

6.721.034 

141.540

Balance total

461.763

10.208.623 

514.076

9.493.649 

566.926

Quick ratio

1,47

9,76 

1,28

6,31 

1,20

Current ratio

1,45

12,64 

1,59

8,79 

1,58

Equity / balance total

0,48

0,93 

0,48

0,91 

0,42

Turnover

11.704.455

Net result

899.910

Publications

 

Deposits

07-09-2017: De jaarrekening over 2016 is gepubliceerd.
20-06-2016: De jaarrekening over 2015 is gepubliceerd.
29-10-2015: De jaarrekening over 2014 is gepubliceerd.
03-11-2014: De jaarrekening over 2013 is gepubliceerd.
20-09-2013: De jaarrekening over 2012 is gepubliceerd.

Functions

06-07-2016: Per 01-04-2016 is bestuurder Timoer Frelink uit functie getreden.
15-05-2015: Per 13-05-2015 is gevolmachtigde Jaco Enrique van Dillen in functie getreden.
15-05-2015: Per 01-05-2015 is bestuurder Andrei Mijiritskii in functie getreden.
27-03-2015: Per 17-03-2015 is bestuurder Timoer Frelink in functie getreden.
27-03-2015: Per 17-03-2015 is bestuurder Martin Heule uit functie getreden.
27-03-2015: Per 17-03-2015 is gevolmachtigde Timoer Frelink uit functie getreden.

Other

06-07-2016: Per 1-4-2016 is de bevoegdheid van Bestuurder Andrei Mijiritskii gewijzigd.
15-05-2015: Per 1-5-2015 is de bevoegdheid van Bestuurder Timoer Frelink gewijzigd.

 

Company structure

 

Relations

2

Company

Registration number

Metrohm A.G. (CH-9100 Herisau)

| - - Metrohm Autolab B.V. (Utrecht)

30128927  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.74

UK Pound

1

INR 86.01

Euro

1

INR 76.14

Euro

1

INR 76.55 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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.