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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

488093

Report Date :

30.01.2018

 

IDENTIFICATION DETAILS

 

Name :

NEDGRAPHICS SOFTWARE B.V.

 

 

Registered Office :

Groenekanseweg 70, 3732AG De Bilt

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

24.12.2002

 

 

Com. Reg. No.:

30185567

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject engaged  in Writing, producing and publishing of software

 

 

No. of Employees :

6

 

 

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 :

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

 

Summary

 

Company name

NedGraphics Software B.V.

Operative address

Groenekanseweg 70
3732AG De Bilt
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 30185567

VAT-number

812043996

European VAT-number

NL812043996B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

3.787.867

-17,27 

4.578.760

7,71 

4.250.945

Total receivables

3.317.459

82,44 

1.818.352

23,82 

1.468.541

Total equity

1.272.295

51,66 

838.889

304,90 

-409.408

Short term liabilities

5.887.344

6,19 

5.544.341

9,89 

5.045.474

Working capital

-2.515.572

30,46 

-3.617.455

-6,41 

-3.399.506

Quick ratio

0,57

62,86 

0,35

6,06 

0,33

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1230891-EN/SUMMARY-01-bar-large.png

 

Contact information

 

Company name

NedGraphics Software B.V.

Trade names

NedGraphics Software B.V.

Operative address

Groenekanseweg 70
3732AG De Bilt
Netherlands

Correspondence address

Groenekanseweg 70
3732AG De Bilt
Netherlands

 

Telephone number

0303073530

 

Registration

 

Registration number

KvK-nummer: 30185567

Branch number

000019566565

VAT-number

812043996

European VAT-number

NL812043996B01

Status

Active

First registration company register

2003-01-07

Memorandum

2002-12-24

Establishment date

2002-12-24

 

Legal form

Private Limited Company

Last proposed admendment

2017-05-08

Issued placed capital

EUR 18.002

Paid up share capital

EUR 18.002

 

Activities

 

SBI

6201: Writing, producing and publishing of software

Exporter

No

Importer

No

 

Goal

Developing, producing, selling and distributing, and providing services relating to CAD / CAM software and other computer systems, relating to the weaving, printing, coloring or otherwise processing of all types of textiles, holding company and managing and have real estate

 

Relations

 

Shareholders

Constellation Netherlands Holdings 2 Coöperatief U.A.
Mauritslaan 49 KANTOOR6.0.
6129EL URMOND
Netherlands
Registration number: 61263281
Percentage: 100%

Affiliates

NedSense IPR B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 24387999

 

NedGraphics CAD/GIS B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 30078204

 

Companies on same address (number)

23

 

 

Real Estate

 

Details operative address

Surface area: 2755 m2
Purpose: Health care function, Office function
Construction year: 2004
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

J. Billowits John
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2014-10-08
Date of birth: 1972-03-05, Oakville, CA
Involved with the following companies:

NedGraphics CAD/GIS B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 30078204
Function: Manager
Starting date: 2014-10-08

 

NedSense IPR B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 24387999
Function: Manager
Starting date: 2014-10-08

 

G.P.A. Evers George Petrus Antonius
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2014-10-08
Date of birth: 1960-08-26, Grevenbicht, NL
Involved with the following companies:

NedGraphics CAD/GIS B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 30078204
Function: Manager
Starting date: 2014-10-08

 

Constellation Netherlands Holdings 2 Coöperatief U.A.
Mauritslaan 49 KANTOOR6.0.
6129EL URMOND
Netherlands
Registration number: 61263281
Function: Manager
Starting date: 2014-08-13

 

NedSense IPR B.V.
Groenekanseweg 70
3732AG DE BILT
Netherlands
Registration number: 24387999
Function: Manager
Starting date: 2014-10-08

 

W.B. Volker Wendy Baukje
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2017-05-08
Date of birth: 1980-07-22, Dordrecht, NL
Involved with the following companies:

Vereniging van Huiseigenaren 'De Heuvel'
Heuvel 81
6042JS ROERMOND
Netherlands
Registration number: 40175247
Function: Chairman
Starting date: 2014-01-08

 

 

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Annual

14

16

Chamber of Commerce

6

6

6

0

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1230891-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

Description

The payments are regular

Total

EUR 3.069

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2017 Q4

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2017 Q3

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

A

0,00%

100,00%

0,00%

0,00%

0,00%

0,00%

2017 Q1

A

35,00%

0,00%

0,00%

11,00%

54,00%

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)

36

34

Average delay (days)

22

19

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q1

51,00%

40,00%

4,00%

2,00%

0,00%

2,00%

 

2017 Q4

51,00%

40,00%

4,00%

2,00%

0,00%

2,00%

 

2017 Q3

13,00%

84,00%

2,00%

0,00%

0,00%

1,00%

 

2017 Q2

48,00%

30,00%

5,00%

4,00%

8,00%

6,00%

 

2017 Q1

36,00%

39,00%

9,00%

5,00%

2,00%

9,00%

 

 

 

 

Key figures

 

Year

2016

2015

2014

2013

2012

Quick ratio

0,57

0,35

0,33

0,78

0,71

Current ratio

0,57

0,35

0,33

0,80

0,74

Working capital/ balance total

-0,35

-0,56

-0,58

-0,15

-0,20

Equity / balance total

0,18

0,13

-0,07

0,25

0,23

Equity / Fixed assets

0,34

0,18

-0,10

0,62

0,53

Equity / liabilities

0,22

0,15

-0,06

0,34

0,30

Balance total / liabilities

1,22

1,15

0,94

1,34

1,30

Working capital

-2.515.572

-3.617.455

-3.399.506

-466.799

-660.269

Equity

1.272.295

838.889

-409.408

806.457

770.879

Mutation equity

51,66

304,90

-150,77

4,62

-2,68

Mutation short term liabilities

6,19

9,89

112,63

-6,21

-3,42

Net result after taxes

1.916.694

Summary

The 2016 financial result structure is a negative working captial of -2.515.572 euro, which is in agreement with -35 % of the total assets of the company.
The working capital has increased with 30.46 % 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 0.57. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2016 of the company was 0.57. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2015 financial result structure is a negative working captial of -3.617.455 euro, which is in agreement with -56 % of the total assets of the company.
The working capital has diminished with -6.41 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The deterioration between 2014 and 2015 has mainly been caused by a change of the current assets.
The current ratio of the company in 2015 was 0.35. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2015 of the company was 0.35. 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-1230891-EN/KEYFIGURES-01-bar-large.png

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1230891-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

NedGraphics Software B.V.
Groenekanseweg 70
3732AG De Bilt
Netherlands
Registration number: 30185567

 

 

 

 

 

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

2.489.369

3.551.950

3.764.706

1.155.067

1.272.023

Tangible fixed assets

26.335

47.000

57.595

62.697

80.256

Financial fixed assets

1.272.163

979.810

428.644

86.287

109.372

Fixed assets

3.787.867

4.578.760

4.250.945

1.304.051

1.461.651

Total stock

53.420

79.108

Total receivables

3.317.459

1.818.352

1.468.541

1.787.174

1.772.250

Liquid funds

54.313

108.534

177.427

65.478

18.286

Current assets

3.371.772

1.926.886

1.645.968

1.906.072

1.869.644

Total assets

7.159.639

6.505.646

5.896.913

3.210.123

3.331.295

Issued capital

18.002

18.002

18.002

18.002

18.002

Legal and statutory reserve

-940

1.155.067

1.272.023

Other reserves

820.887

-427.410

-402.190

-497.890

Non-distributable profit

1.255.233

35.578

-21.256

Total reserves

1.254.293

820.887

-427.410

788.455

752.877

Total equity

1.272.295

838.889

-409.408

806.457

770.879

Provisions

122.416

736.847

30.795

30.503

Long term interest yielding debt

524.000

Long term liabilities

524.000

Short term liabilities

5.887.344

5.544.341

5.045.474

2.372.871

2.529.913

Total short and long term liabilities

5.887.344

5.666.757

6.306.321

2.403.666

2.560.416

Total liabilities

7.159.639

6.505.646

5.896.913

3.210.123

3.331.295

Summary

The total assets of the company increased with 10.05 % between 2015 and 2016.
Despite the assets growth, the non current assets decreased with -17.27 %.
The asset growth has mainly been financed by a Net Worth increase of 51.66 %. Debt, however, grew with 3.89 %.
In 2016 the assets of the company were 52.91 % composed of fixed assets and 47.09 % by current assets. The assets are being financed by an equity of 17.77 %, and total debt of 82.23 %.

The total assets of the company increased with 10.32 % between 2014 and 2015.
The fixed asset growth of 7.71 % is lower than the total asset growth.
The assets growth has been financed by a Net Worth increase of 304.9 %. The company's net increase has also covered a reduction of -10.14 % of the company's indebtedness.
In 2015 the assets of the company were 70.38 % composed of fixed assets and 29.62 % by current assets. The assets are being financed by an equity of 12.89 %, and total debt of 87.11 %.

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1230891-EN/BALANCESHEETS-01-bar-large.png

 

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1230891-EN/BALANCESHEETS-02-bar-large.png

 

Analysis

 

Branch (SBI)

Writing, producing and publishing of software (SBI code 6201)

Region

Westelijk Utrecht

Summary

In the Netherlands 53367 of the companies are registered with the SBI code 6201
In the region Westelijk Utrecht 3488 of the companies are registered with the SBI code 6201
In the Netherlands 308 of the bankrupcties are published within this sector
In the region Westelijk Utrecht 14 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is Low
The risk of this specific sector in the region Westelijk Utrecht is Low

Year

2016

Company

2015

Company

2014

Equity

33.061

1.272.295 

37.305

838.889 

39.757

Working capital

39.560

-2.515.572 

26.703

-3.617.455 

25.058

Balance total

137.382

7.159.639 

146.873

6.505.646 

162.291

Quick ratio

1,49

0,57 

1,53

0,35 

1,52

Current ratio

0,70

0,57 

1,35

0,35 

1,47

Equity / balance total

0,39

0,18 

0,39

0,13 

0,39

 

 

Publications

 

Deposits

22-01-2018: De jaarrekening over 2016 is gepubliceerd.
01-12-2016: De jaarrekening over 2015 is gepubliceerd.
22-12-2015: De jaarrekening over 2014 is gepubliceerd.
08-07-2015: De jaarrekening over 2013 is gepubliceerd.
27-02-2014: De jaarrekening over 2012 is gepubliceerd.
07-02-2013: De jaarrekening over 2011 is gepubliceerd.

Functions

11-01-2018: Per 22-12-2017 is bestuurder Matthieu Robin van Amerongen uit functie getreden.
09-05-2017: Per 08-05-2017 is gevolmachtigde Wendy Baukje Volker in functie getreden.
15-10-2014: Per 08-10-2014 is bestuurder 23063201 NedSense enterprises b.v. uit functie getreden.
10-10-2014: Per 08-10-2014 is bestuurder John Billowits in functie getreden.
10-10-2014: Per 08-10-2014 is bestuurder George Petrus Antonius Evers in functie getreden.
10-10-2014: Per 08-10-2014 is bestuurder Matthieu Robin van Amerongen in functie getreden.

Other

09-05-2017: Per 8-5-2017 statuten gewijzigd. Per 8-5-2017 naam gewijzigd in: NedGraphics Software B.V.. Zetel gewijzigd in: De Bilt.

 

Company structure

 

Relations

4

Company

Registration number

Constellation Netherlands Holdings 2 Coöperatief U.A. (URMOND)

61263281  

| - - NedGraphics Software B.V. (De Bilt)

30185567  

| - - NedGraphics CAD/GIS B.V. (DE BILT)

30078204  

| - - NedSense IPR B.V. (DE BILT)

24387999  

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.54

UK Pound

1

INR 89.82

Euro

1

INR 78.87

NLG

1

INR  0.016

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

KET

 

 

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.