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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486750

Report Date :

18.01.2018

 

IDENTIFICATION DETAILS

 

Name :

PARTS SUPPLY WORLDWIDE B.V.

 

 

Registered Office :

Bierbrouwersweg 25, 3449hw Woerden

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

01.03.2005

 

 

Com. Reg. No.:

30203564

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of construction machinery (building equipment)

·         Trade in new and used parts for mobile cranes and heavy equipment.

 

 

No. of Employees :

8 [2016]

 

 

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

 

 

Summary

 

Company name

PARTS SUPPLY WORLDWIDE B.V.

Operative address

BIERBROUWERSWEG 25
3449HW WOERDEN
NETHERLANDS

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 30203564

VAT-number

814212189

European VAT-number

NL814212189B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

190.043

5,17 

180.695

49,52 

120.850

Total receivables

207.613

-24,62 

275.408

-0,31 

276.276

Total equity

378.302

46,80 

257.700

16,64 

220.930

Short term liabilities

559.033

3,12 

542.142

26,26 

429.370

Working capital

432.817

22,84 

352.338

-17,91 

429.234

Quick ratio

0,47

-11,32 

0,53

-19,70 

0,66

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

PARTS SUPPLY WORLDWIDE B.V.

Trade names

PARTS SUPPLY WORLDWIDE B.V.
CRANE SERVICE & REPAIR WORLDWIDE

Operative address

Bierbrouwersweg 25
3449HW Woerden
Netherlands

Correspondence address

Bierbrouwersweg 25
3449HW Woerden
Netherlands

 

Telephone number

0348468505

Fax number

0348468536

 

 

Registration

 

Registration number

KvK-nummer: 30203564

Branch number

000018607586

VAT-number

814212189

European VAT-number

NL814212189B01

Status

Active

First registration company register

2006-03-07

Memorandum

2006-03-03

Establishment date

2005-03-01

 

Legal form

Private Limited Company

Legal person since

2006-03-03

Issued placed capital

EUR 100.000

Paid up share capital

EUR 100.000

 

 

Activities

 

SBI

4663: Wholesale of construction machinery (building equipment)

Exporter

No

Importer

No

 

Goal

Trade in new and used parts for mobile cranes and heavy equipment.

 

 

Relations

 

Shareholders

G.J.A. Buijs Holding B.V.
Bierbrouwersweg 25
3449HW Woerden
Netherlands
Registration number: 30212983
Percentage: 100%

Affiliates

BUWA Real Estate B.V.
Bierbrouwersweg 25
3449HW WOERDEN
Netherlands
Registration number: 69452717

 

Companies on same address

G.J.A. Buijs Holding B.V.
Registration number: 30212983

 

BUWA Real Estate B.V.
Registration number: 69452717

 

Three Stones Holding B.V.
Registration number: 69452865

 

 

Real Estate

 

Details operative address

Surface area: 558 m2
Purpose: Industrial function
Construction year: 1977
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

G.J.A. Buijs Holding B.V.
Bierbrouwersweg 25
3449HW Woerden
Netherlands
Registration number: 30212983
Competence: Fully authorized
Function: General Director
Starting date: 2006-03-03

 

 

Employees

 

Year

2018

2016

2015

2014

2013

Annual

8

8

6

4

Chamber of Commerce

1

2

1

1

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

Description

No Complaints

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/PAYMENTS-01-line-large.png

 

Total

EUR 8.459

 

Last quarter

Last year

Average payment period (days)

66

46

Average delay (days)

36

20

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

A

0,00%

53,00%

47,00%

0,00%

0,00%

0,00%

2017 Q4

A

0,00%

53,00%

47,00%

0,00%

0,00%

0,00%

2017 Q3

A

57,00%

43,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

A

23,00%

52,00%

25,00%

0,00%

0,00%

0,00%

2017 Q1

A

0,00%

50,00%

50,00%

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)

51

42

Average delay (days)

32

22

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q1

52,00%

32,00%

5,00%

2,00%

4,00%

5,00%

 

2017 Q4

52,00%

32,00%

5,00%

2,00%

4,00%

5,00%

 

2017 Q3

41,00%

50,00%

6,00%

1,00%

1,00%

2,00%

 

2017 Q2

10,00%

8,00%

82,00%

0,00%

0,00%

0,00%

 

2017 Q1

56,00%

38,00%

4,00%

0,00%

0,00%

1,00%

 

 

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

0,47

0,53

0,66

0,45

0,56

Current ratio

1,77

1,65

2,00

1,21

1,46

Working capital/ balance total

0,37

0,33

0,44

0,15

0,28

Equity / balance total

0,32

0,24

0,23

0,20

0,26

Equity / Fixed assets

1,99

1,43

1,83

1,62

2,70

Equity / liabilities

0,47

0,32

0,29

0,25

0,36

Balance total / liabilities

1,47

1,32

1,29

1,25

1,36

Working capital

432.817

352.338

429.234

140.955

251.757

Equity

378.302

257.700

220.930

182.284

235.516

Mutation equity

46,80

16,64

21,20

-22,60

9,18

Mutation short term liabilities

3,12

26,26

-35,04

19,96

7,67

Summary

The 2016 financial result structure is a postive working captial of 432.817 euro, which is in agreement with 37 % of the total assets of the company.
The working capital has increased with 22.84 % 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 1.77. 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 0.47. 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 352.338 euro, which is in agreement with 33 % of the total assets of the company.
The working capital has diminished with -17.91 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2014 and 2015 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2015 was 1.65. 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 0.53. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

 

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/KEYFIGURES-01-bar-large.png

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-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

Parts Supply WorldWide B.V.
Bierbrouwersweg 25
3449HW Woerden
Netherlands
Registration number: 30203564

 

 

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

185.855

176.357

116.512

108.131

79.908

Financial fixed assets

4.188

4.338

4.338

4.500

7.375

Fixed assets

190.043

180.695

120.850

112.631

87.283

Total stock

727.543

607.313

574.487

505.967

495.318

Total receivables

207.613

275.408

276.276

289.148

305.581

Liquid funds

56.694

11.759

7.841

6.842

1.894

Current assets

991.850

894.480

858.604

801.957

802.793

Total assets

1.181.893

1.075.175

979.454

914.588

890.076

Issued capital

100.000

100.000

100.000

100.000

100.000

Other reserves

278.302

157.700

120.930

82.284

135.516

Total reserves

278.302

157.700

120.930

82.284

135.516

Total equity

378.302

257.700

220.930

182.284

235.516

Long term interest yielding debt

244.558

275.333

329.154

71.302

103.524

Long term liabilities

244.558

275.333

329.154

71.302

103.524

Short term liabilities

559.033

542.142

429.370

661.002

551.036

Total short and long term liabilities

803.591

817.475

758.524

732.304

654.560

Total liabilities

1.181.893

1.075.175

979.454

914.588

890.076

Summary

The total assets of the company increased with 9.93 % between 2015 and 2016.
The fixed asset growth of 5.17 % is lower than the total asset growth.
The assets growth has been financed by a Net Worth increase of 46.8 %. The company's net increase has also covered a reduction of -1.7 % of the company's indebtedness.
In 2016 the assets of the company were 16.08 % composed of fixed assets and 83.92 % by current assets. The assets are being financed by an equity of 32.01 %, and total debt of 67.99 %.

The total assets of the company increased with 9.77 % between 2014 and 2015.
The total asset increase is retrievable in the fixed asset growth of 49.52 %.
The asset growth has mainly been financed by a Net Worth increase of 16.64 %. Debt, however, grew with 7.77 %.
In 2015 the assets of the company were 16.81 % composed of fixed assets and 83.19 % by current assets. The assets are being financed by an equity of 23.97 %, and total debt of 76.03 %.

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/BALANCESHEETS-01-bar-large.png

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1222541-EN/BALANCESHEETS-02-bar-large.png

 

 

Analysis

 

Branch (SBI)

Wholesale of construction machinery (building equipment) (SBI code 4663)

Region

Westelijk Utrecht

Summary

In the Netherlands 1051 of the companies are registered with the SBI code 4663
In the region Westelijk Utrecht 45 of the companies are registered with the SBI code 4663
In the Netherlands 14 of the bankrupcties 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 Westelijk Utrecht is normal

Year

2016

Company

2015

Company

2014

Equity

154.112

378.302 

125.472

257.700 

129.729

Working capital

137.892

432.817 

88.098

352.338 

83.355

Balance total

633.837

1.181.893 

601.233

1.075.175 

669.791

Quick ratio

1,02

0,47 

0,94

0,53 

0,81

Current ratio

1,29

1,77 

1,36

1,65 

1,34

Equity / balance total

0,34

0,32 

0,32

0,24 

0,30

 

 

Publications

 

Deposits

09-06-2017: De jaarrekening over 2016 is gepubliceerd.
12-09-2016: De jaarrekening over 2015 is gepubliceerd.
18-08-2015: De jaarrekening over 2014 is gepubliceerd.
22-09-2014: De jaarrekening over 2013 is gepubliceerd.
27-12-2013: De jaarrekening over 2012 is gepubliceerd.
25-01-2013: De      jaarrekening over 2011 is gepubliceerd.

 

 

Company structure

 

Relations

3

 

 

Company

Registration Number

G.J.A. Buijs Holding B.V. (Woerden)

30212983  

| - - BUWA Real Estate B.V. (WOERDEN)

69452717  

| - - Parts Supply WorldWide B.V. (Woerden)

30203564  

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.97

UK Pound

1

INR 88.13

Euro

1

INR 78.35

Euro

1

INR 78.15

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TPT

 

 

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.