MIRA INFORM REPORT

 

 

Report No. :

508129

Report Date :

09.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

JANSEN RECYCLING GROUP B.V.

 

 

Registered Office :

Van Leeuwenhoekweg 21 3316AV Dordrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

01.01.1987

 

 

Com. Reg. No.:

KvK-nummer: 24163546

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Collection of non-hazardous waste

·         Wholesale of iron and steel scrap and used nonferrous metals

 

 

No. of Employees :

23

 

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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

Jansen Recycling Group B.V.

Operative address

Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 24163546

VAT-number

008155069

European VAT-number

NL008155069B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

523.095

6,54 

490.993

-2,97 

506.017

Total receivables

19.222.241

35,71 

14.163.766

-33,29 

21.231.354

Total equity

21.721.434

22,03 

17.799.577

-16,46 

21.305.503

Short term liabilities

23.516.064

18,00 

19.929.219

-33,93 

30.165.087

Net result

3.921.857

211,86 

-3.505.926

-330,73 

1.519.468

Working capital

22.947.123

26,01 

18.210.776

-17,07 

21.960.411

Quick ratio

0,82

15,49 

0,71

1,43 

0,70

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Contact information

 

Company name

Jansen Recycling Group B.V.

Trade names

Jansen Recycling Group B.V.

Operative address

Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands

Correspondence address

Postbus 3118
3301DC DORDRECHT
Netherlands

 

Telephone number

0786522633

Fax number

0786137275

Email address

info@jansengroup.com

Website

www.jansengroup.com

 

Registration

 

Registration number

KvK-nummer: 24163546

Branch number

000019290292

VAT-number

008155069

European VAT-number

NL008155069B01

Status

Active

First registration company register

1987-01-22

Memorandum

1987-03-19

Establishment date

1987-01-01

 

Legal form

Private Limited Company

Legal person since

1987-03-19

Last proposed admendment

2014-02-14

Issued placed capital

EUR 45.380

Paid up share capital

EUR 45.380

 

 

Activities

 

SBI

3811: Collection of non-hazardous waste
46772: Wholesale of iron and steel scrap and used nonferrous metals

Exporter

No

Importer

No

 

Goal

Groothandel in bruikbare metalen, metaalafvallen, schroot. Groothandel in schepen, vaartuigen en het slopen daarvan.

 

 

Relations

 

Shareholders

Jansen Recycling Holding B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24184771
Percentage: 100%

Affiliates

Waterweg B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24173912

 

Leeuweneiland B.V.
Van Leeuwenhoekweg 21
3316AV DORDRECHT
Netherlands
Registration number: 23051619

 

Dutch Container Recycling B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24442243

 

Branches

Jansen Recycling Group B.V.
Koggehaven 3
3133LA VLAARDINGEN
Netherlands
Registration number: 24163546

Companies on same address (number)

16

 

 

Real Estate

 

Details operative address

Surface area: 7023 m2
Purpose: Industrial function
Construction year: 1979
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

Jansen Recycling Holding B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24184771
Competence: Fully authorized
Function: General Director
Starting date: 2011-10-01

 

H. van Mourik Huibert
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-06-18
Date of birth: 1954-02-05, Dubbeldam, NL

 

P.G. Roest Pieter Gerrit
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-11-17
Date of birth: 1975-03-08, Lekkerkerk, NL
Involved with the following companies:

Jansen Recycling Holding B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24184771
Function: Proxy
Starting date: 2014-11-17

 

Stg. Geref. Bond te Lekkerkerk
Loet 1
2941LB LEKKERKERK
Netherlands
Registration number: 41172415
Function: Secretaris
Starting date: 2012-06-01

 

 

Employees

 

Year

2017

2016

2015

2014

2013

Annual

56

69

70

31

Chamber of Commerce

23

5

5

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Payments

 

Score

7,53

 

Description

Payments made under regular condition

 

Payments within industry

Last quarter

Last year

Average payment period (days)

45

43

Average delay (days)

20

19

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

58,00%

31,00%

7,00%

1,00%

0,00%

2,00%

2017 Q4

61,00%

30,00%

4,00%

2,00%

1,00%

3,00%

2017 Q3

50,00%

34,00%

13,00%

1,00%

1,00%

1,00%

2017 Q2

36,00%

39,00%

21,00%

1,00%

1,00%

2,00%

2017 Q1

66,00%

26,00%

4,00%

1,00%

1,00%

2,00%

 

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

0,82

0,71

0,70

51,89

0,64

Current ratio

1,98

1,91

1,73

51,89

1,68

Working capital/ balance total

0,49

0,47

0,42

0,98

0,40

Equity / balance total

0,46

0,46

0,40

0,98

0,38

Equity / Fixed assets

41,52

36,25

42,10

113,58

Equity / liabilities

0,86

0,85

0,68

50,89

0,61

Balance total / liabilities

1,86

1,85

1,68

51,89

1,61

Working capital

22.947.123

18.210.776

21.960.411

14.655

16.440.529

Equity

21.721.434

17.799.577

21.305.503

14.655

15.416.256

Mutation equity

22,03

-16,46

145.280,44

-99,90

20,22

Mutation short term liabilities

18,00

-33,93

10.473.888,54

-100,00

9,62

Return on total assets (ROA)

11,14

-12,09

3,81

-11.676,01

8,46

Return on equity (ROE)

24,09

-26,24

9,42

-11.905,47

22,43

Gross profit margin

2,71

-1,90

1,18

-0,21

2,22

Net profit margin

1,92

-1,68

0,62

-0,59

1,38

Average collection ratio

8,67

10,46

8,12

772.753,74

7,72

Average payment ratio

10,61

14,72

11,53

741.843,59

12,02

Equity turnover ratio

9,39

11,71

11,49

15.186,15

12,17

Total assets turnover ratio

4,34

5,40

4,65

14.893,47

4,59

Fixed assets turnover ratio

389,77

424,52

483,76

1.381,77

Inventory conversion ratio

7,49

8,70

7,93

7,47

Turnover

203.887.291

208.434.986

244.790.087

222.553.076

187.553.359

Gross margin

18.520.173

10.433.382

17.497.387

12.470.533

9.525.394

Operating result

5.519.975

-3.967.561

2.882.928

12.929.672

4.158.407

Net result after taxes

3.921.857

-3.505.926

1.519.468

-1.309.183

2.592.794

Cashflow

3.978.112

-3.436.852

1.592.425

2.689.073

Gross profit

203.887.291

EBIT

5.519.975

-3.967.561

2.882.928

4.158.407

EBITDA

5.576.230

-3.898.487

2.955.885

4.254.686

Summary

The 2016 financial result structure is a postive working captial of 22.947.123 euro, which is in agreement with 49 % of the total assets of the company.
The working capital has increased with 26.01 % 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 1.98. 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 0.82. 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 18.210.776 euro, which is in agreement with 47 % of the total assets of the company.
The working capital has diminished with -17.07 % 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 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 0.71. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

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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

Jansen Recycling Group B.V.
Van Leeuwenhoekweg 21
3316AV Dordrecht
Netherlands
Registration number: 24163546

 

 

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

523.095

490.993

506.017

135.734

Fixed assets

523.095

490.993

506.017

135.734

Total stock

27.235.691

23.969.265

30.880.847

25.121.951

Accounts receivable

18.617.352

13.134.742

20.181.284

14.482.618

Other receivables

604.889

1.029.024

1.050.070

1.120.136

Total receivables

19.222.241

14.163.766

21.231.354

300

15.602.754

Liquid funds

5.255

6.964

13.297

14.643

4.047

Current assets

46.463.187

38.139.995

52.125.498

14.943

40.728.752

Total assets

46.986.282

38.630.988

52.631.515

14.943

40.864.486

Issued capital

45.380

45.380

45.380

18.000

45.378

Other reserves

21.676.054

17.754.197

21.260.123

-3.345

15.370.878

Total reserves

21.676.054

17.754.197

21.260.123

-3.345

15.370.878

Total equity

21.721.434

17.799.577

21.305.503

14.655

15.416.256

Provisions

1.748.784

902.192

1.160.925

1.160.007

Accounts payable

6.613.655

3.439.792

5.374.633

2.775.210

Other short term liabilities

16.902.409

16.489.427

24.790.454

21.513.013

Short term liabilities

23.516.064

19.929.219

30.165.087

288

24.288.223

Total short and long term liabilities

25.264.848

20.831.411

31.326.012

288

25.448.230

Total liabilities

46.986.282

38.630.988

52.631.515

14.943

40.864.486

Summary

The total assets of the company increased with 21.63 % between 2015 and 2016.
The fixed asset growth of 6.54 % is lower than the total asset growth.
The asset growth has mainly been financed by a Net Worth increase of 22.03 %. Debt, however, grew with 21.28 %.
In 2016 the assets of the company were 1.11 % composed of fixed assets and 98.89 % by current assets. The assets are being financed by an equity of 46.23 %, and total debt of 53.77 %.

The total assets of the company decreased with -26.6 % between 2014 and 2015.
This total assets decrease has been reflected in a reduction of non current assets of -2.97 %.
Assets reduction is explained by a Net Worth decrease of -16.46 %, and an indebtedness reduction of -33.5 %.
In 2015 the assets of the company were 1.27 % composed of fixed assets and 98.73 % by current assets. The assets are being financed by an equity of 46.08 %, and total debt of 53.92 %.

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Profit and loss

 

Year

2016

2015

2014

2013

2012

Revenues

203.909.285

208.434.986

244.790.087

187.553.359

Other operating income

21.994

Net turnover

203.887.291

208.434.986

244.790.087

222.553.076

187.553.359

Cost of sales

210.082.543

Gross margin

18.520.173

10.433.382

17.497.387

12.470.533

9.525.394

Wages and salaries

3.269.733

3.743.655

3.762.692

3.496.518

1.704.892

Amorization and depreciation

56.255

69.074

72.957

68.953

96.279

Sales

185.367.118

198.001.604

227.292.700

178.027.965

other operating costs

9.696.204

10.588.214

10.778.810

9.364.201

3.565.816

Operating expenses

198.389.310

212.402.547

241.907.159

12.929.672

183.394.952

Operating result

5.519.975

-3.967.561

2.882.928

-459.139

4.158.407

Financial income

204.112

Financial expenses

905.416

Financial result

-286.807

-702.184

-876.568

-1.285.607

-701.304

Result on ordinary operations before taxes

5.233.168

-4.669.745

2.006.360

-1.744.746

3.457.103

Taxation on the result of ordinary activities

1.311.311

-1.163.819

513.276

435.563

864.309

Result of ordinary activities after taxes

3.921.857

-3.505.926

1.493.084

-1.309.183

2.592.794

Extraordinary income

26.384

Extraordinary result after taxation

26.384

Net result

3.921.857

-3.505.926

1.519.468

-1.309.183

2.592.794

Attributable to shareholders

-1.309.183

Summary

The turnover of the company decreased by -2.18 % between 2015 and 2016.
The gross profit of the company grew with 77.51 % between 2015 and 2016.
The operating result of the company grew with 239.13 % between 2015 and 2016. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 192.14 % of the analysed period, being equal to 11.14 in the year 2016.
Despite the growth the assets turnover decreased, whose index evolved with -19.63 % to a level of 4.34.
The Net Result of the company increased by 211.86 % between 2015 and 2016.
The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of 191.81 % of the analysed period, being 24.09 in the year 2016.
The company's financial structure has slowed down its financial profitability.

The turnover of the company decreased by -14.85 % between 2014 and 2015.
The gross profit of the company decreased by -40.37 % between 2014 and 2015.
The operating result of the company declined with -237.62 % between 2014 and 2015. This evolution implies an decrease of the company's economic profitability.
The result of these changes is a reduction of the company's Economic Profitability of -417.32 % of the analysed period, being equal to -12.09 in the year 2015.
Despite the decline the assets turnover increased by 16.13 % reaching 5.4.
The Net Result of the company decreased by -330.73 % between 2014 and 2015.
The company's Financial Profitability has been negatively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability reduction of -378.56 % of the analysed period, being -26.24 in the year 2015.
The company's financial profitability has been positively affected by its financial structure.

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Analysis

 

Branch (SBI)

Collection of non-hazardous waste (SBI code 3811)

Region

Groot Rotterdam

Summary

In the Netherlands 2096 of the companies are registered with the SBI code 3811
In the region Groot Rotterdam 157 of the companies are registered with the SBI code 3811
In the Netherlands 47 of the bankrupcties are published within this sector
In the region Groot Rotterdam 2 of the bankruptcies 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 Groot Rotterdam is High

Year

2016

Company

2015

Company

2014

Equity

91.421

21.721.434 

105.095

17.799.577 

113.985

Working capital

26.285

22.947.123 

17.304

18.210.776 

18.151

Balance total

614.502

46.986.282 

671.533

38.630.988 

751.352

Quick ratio

1,02

0,82 

1,00

0,71 

1,02

Current ratio

0,92

1,98 

1,05

1,91 

1,07

Equity / balance total

0,27

0,46 

0,28

0,46 

0,25

Turnover

27.149.674

203.887.291 

22.186.000

208.434.986 

13.764.934

Net result

910.132

3.921.857 

781.287

-3.505.926 

684.700

 

 

Publications

 

Deposits

17-04-2017: De jaarrekening over 2016 is gepubliceerd.
07-04-2017: De jaarrekening over 2015 is gepubliceerd.
30-06-2015: De jaarrekening over 2014 is gepubliceerd.
10-09-2014: De jaarrekening over 2013 is gepubliceerd.
15-04-2013: De jaarrekening over 2012 is gepubliceerd.

Functions

03-12-2014: Per 17-11-2014 is gevolmachtigde Pieter Gerrit Roest in functie getreden.
04-07-2014: Per 18-06-2014 is gevolmachtigde Huibert van Mourik in functie getreden.

 

 

Company structure

 

Relations

6

Company

Registration number

Stichting Administratiekantoor Jansen Recycling Groep (DORDRECHT)

41133756  

| - - Jansen Recycling Holding B.V. (Dordrecht)

24184771  

| - - | - - Dutch Container Recycling B.V. (Dordrecht)

24442243  

| - - | - - Leeuweneiland B.V. (DORDRECHT)

23051619  

| - - | - - Waterweg B.V. (Dordrecht)

24173912  

| - - | - - Jansen Recycling Group B.V. (Dordrecht)

24163546  

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.77

UK Pound

1

INR 90.58

Euro

1

INR 79.97

EURO

1

INR 79.83

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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.