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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

517526

Report Date :

28.06.2018

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL METAL TRADING B.V.

 

 

Registered Office :

Kortenoord 57 2911BD Nieuwerkerk aan den IJssel

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

09.08.2013

 

 

Com. Reg. No.:

KvK-nummer: 58528199

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Agents involved in the sale of fuels.

·         Wholesale of ferrous metals and ferrous semi-finished products.

 

 

No. of Employees :

1

 

 

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

(31.12.2017)

Current Rating

(01.04.2018)

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 and Summary

 

Company name

International Metal Trading B.V.

Operative address

Kortenoord 57
2911BD Nieuwerkerk aan den IJssel
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 58528199

VAT-number

853077484

European VAT-number

NL853077484B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

893.927

157,78 

346.781

190,96 

119.185

Total receivables

4.651.501

269,79 

1.257.889

396,93 

253.134

Total equity

2.264.241

161,22 

866.789

74,51 

496.686

Short term liabilities

6.433.281

382,38 

1.333.665

276,16 

354.545

Working capital

3.615.977

104,92 

1.764.611

271,70 

474.746

Quick ratio

0,72

-26,53 

0,98

-20,97 

1,24

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

International Metal Trading B.V.

Trade names

International Metal Trading B.V.
IMT

Operative address

Kortenoord 57
2911BD Nieuwerkerk aan den IJssel
Netherlands

Correspondence address

Kortenoord 57
2911BD Nieuwerkerk aan den IJssel
Netherlands

 

Telephone number

0180763500

Email address

mike@imtrading.nl

Website

www.imtrading.nl

Registration

 

Registration number

KvK-nummer: 58528199

Branch number

000027863204

VAT-number

853077484

European VAT-number

NL853077484B01

Status

Active

First registration company register

2013-08-09

Memorandum

2013-08-09

Establishment date

2013-08-09

 

Legal form

Private Limited Company

Issued placed capital

EUR 2.000

Paid up share capital

EUR 2.000

 

 

Activities

 

SBI

4612: Agents involved in the sale of fuels
46722: Wholesale of ferrous metals and ferrous semi-finished products

Exporter

Yes

Importer

Yes

 

Goal

A. het in- en verkopen van oude metalen; B. het optreden als commisionair op het gebied van oude metalen.

 

 

Relations

 

Shareholders

M.P. de Winter Holding B.V.
Kersenhof 2
2661LP BERGSCHENHOEK
Netherlands
Registration number: 65556968
Percentage: 100%

Affiliates

IMT Beheer B.V.
Ajaxstraat 9 A
3054SC Rotterdam
Netherlands
Registration number: 65558448

 

Companies on same address

IMT Particulier B.V.
Registration number: 68807929

 

 

Real Estate

 

Details operative address

Surface area: 240 m2
Purpose: Industrial function
Construction year: 1976
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

M.P. de Winter Michael Pieter
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2013-08-09
Date of birth: 1988-03-08, Rotterdam, NL
Involved with the following companies:

M.P. de Winter Holding B.V.
Kersenhof 2
2661LP BERGSCHENHOEK
Netherlands
Registration number: 65556968
Function: Manager
Starting date: 2016-03-11

 

D.P.D. de Winter Dennis Pieter Daniël
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2014-06-01
Date of birth: 1985-01-31, Rotterdam, NL

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Annual

6

3

Chamber of Commerce

1

1

1

1

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

No Complaints

 

Total

EUR 17.863

 

Registered debt collection

Yes

 

Last quarter

Last year

Average payment period (days)

27

23

Average delay (days)

0

1

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2018 Q1

A

0,00%

100,00%

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

E

7,00%

47,00%

46,00%

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)

34

33

Average delay (days)

11

11

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q2

22,00%

20,00%

8,00%

2,00%

1,00%

46,00%

 

2018 Q1

53,00%

39,00%

5,00%

2,00%

0,00%

0,00%

 

2017 Q4

48,00%

42,00%

6,00%

1,00%

0,00%

3,00%

 

2017 Q3

47,00%

42,00%

10,00%

2,00%

0,00%

0,00%

 

2017 Q2

56,00%

33,00%

8,00%

2,00%

0,00%

0,00%

 

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

Quick ratio

0,72

0,98

1,24

1,20

Current ratio

1,56

2,32

2,34

1,20

Working capital/ balance total

0,33

0,51

0,50

0,17

Equity / balance total

0,21

0,25

0,52

0,18

Equity / Fixed assets

2,53

2,50

4,17

16,45

Equity / liabilities

0,26

0,34

1,10

0,22

Balance total / liabilities

1,26

1,34

2,10

1,22

Working capital

3.615.977

1.764.611

474.746

76.476

Equity

2.264.241

866.789

496.686

81.426

Mutation equity

161,22

74,51

509,98

Mutation short term liabilities

382,38

276,16

-5,55

Summary

The 2016 financial result structure is a postive working captial of 3.615.977 euro, which is in agreement with 33 % of the total assets of the company.
The working capital has increase with 104.92 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.
The improvement between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 1.56. 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 0.72. 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 1.764.611 euro, which is in agreement with 51 % of the total assets of the company.
The working capital has increased with 271.7 % 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 liabilities.
The current ratio of the company in 2015 was 2.32. 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 0.98. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-EN/KEYFIGURES-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-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 Metal Trading B.V.
Kortenoord 57
2911BD Nieuwerkerk aan den IJssel
Netherlands
Registration number: 58528199

 

 

Balance

 

Year

2016

2015

2014

2013

End date

2016-12-31

2015-12-31

2014-12-31

2013-12-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Tangible fixed assets

254.882

130.569

98.125

4.950

Financial fixed assets

639.045

216.212

21.060

Fixed assets

893.927

346.781

119.185

4.950

Total stock

5.393.410

1.787.543

390.000

Total receivables

4.651.501

1.257.889

253.134

444.482

Liquid funds

4.347

52.844

186.157

7.388

Current assets

10.049.258

3.098.276

829.291

451.870

Total assets

10.943.185

3.445.057

948.476

456.820

Issued capital

2.000

2.000

2.000

2.000

Other reserves

2.262.241

864.789

494.686

79.426

Total reserves

2.262.241

864.789

494.686

79.426

Total equity

2.264.241

866.789

496.686

81.426

Long term interest yielding debt

2.245.663

1.244.603

97.245

Long term liabilities

2.245.663

1.244.603

97.245

Short term liabilities

6.433.281

1.333.665

354.545

375.394

Total short and long term liabilities

8.678.944

2.578.268

451.790

375.394

Total liabilities

10.943.185

3.445.057

948.476

456.820

Summary

The total assets of the company increased with 217.65 % between 2015 and 2016.
The fixed asset growth of 157.78 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 236.62 %. The Net Worth, however, grew with 161.22 %.
In 2016 the assets of the company were 8.17 % composed of fixed assets and 91.83 % by current assets. The assets are being financed by an equity of 20.69 %, and total debt of 79.31 %.

The total assets of the company increased with 263.22 % between 2014 and 2015.
The fixed asset growth of 190.96 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 470.68 %. The Net Worth, however, grew with 74.51 %.
In 2015 the assets of the company were 10.07 % composed of fixed assets and 89.93 % by current assets. The assets are being financed by an equity of 25.16 %, and total debt of 74.84 %.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-EN/BALANCESHEETS-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1453136-EN/BALANCESHEETS-02-bar-large.png

 

 

Analysis

 

Branch (SBI)

Wholesale of ferrous metals and ferrous semi-finished products (SBI code 46722)

Region

Groot-Rijnmond

Summary

In the Netherlands 1713 of the companies are registered with the SBI code 46722
In the region Groot-Rijnmond 227 of the companies are registered with the SBI code 46722
In the Netherlands 9 of the bankrupcties are published within this sector
In the region Groot-Rijnmond 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 Groot-Rijnmond is normal

Year

2016

Company

2015

Company

2014

Equity

1.764.695

2.264.241 

1.663.397

866.789 

1.704.682

Working capital

1.483.548

3.615.977 

1.604.535

1.764.611 

1.502.769

Balance total

4.346.539

10.943.185 

4.219.557

3.445.057 

4.264.600

Quick ratio

0,97

0,72 

0,97

0,98 

0,98

Current ratio

1,76

1,56 

1,71

2,32 

1,66

Equity / balance total

0,42

0,21 

0,41

0,25 

0,40

 

 

Publications

 

Deposits

01-03-2018: De jaarrekening over 2016 is gepubliceerd.
20-02-2017: De jaarrekening over 2015 is gepubliceerd.
26-01-2016: De jaarrekening over 2014 is gepubliceerd.
02-02-2015: De jaarrekening over 2013 is gepubliceerd.

Functions

13-10-2017: Per 01-06-2014 is gevolmachtigde Dennis Pieter Daniël de Winter in functie getreden.

Other

21-12-2015: Gestort kapitaal gewijzigd in EUR 2.000,00.

 

 

Company structure

 

Relations

3

Company

Registration number

M.P. de Winter Holding B.V. (BERGSCHENHOEK)

65556968  

| - - International Metal Trading B.V. (Nieuwerkerk aan den IJssel)

58528199  

| - - IMT Beheer B.V. (Rotterdam)

65558448  

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.52

UK Pound

1

INR 90.60

Euro

1

INR 79.86

Euro

1

INR 79.62

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

DNS

                                                


 

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.