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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506650

Report Date :

12.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KLAAS PUUL B.V.

 

 

Registered Office :

Lupinestraat 1 17 1131JT Volendam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

15.06.1968

 

 

Com. Reg. No.:

KvK-nummer: 36036035

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Retail sale of fish.

 

 

No. of Employees :

121

 

 

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 :

Regular

 

 

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

 

Company name and Summary

 

Company name

Klaas Puul B.V.

Operative address

Lupinestraat 1 17
1131JT Volendam
Netherlands

Status

Active

Specification

This company can meet all its obligations.

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 36036035

VAT-number

008563500

European VAT-number

NL008563500B01

Year

2017

Mutation

2016

Mutation

2015

Fixed assets

3.409.536

7,35 

3.176.082

0,52 

3.159.570

Total receivables

50.640.525

24,26 

40.755.213

8,20 

37.664.924

Total equity

38.840.126

1,05 

38.436.600

3,21 

37.239.878

Short term liabilities

50.279.441

12,45 

44.712.057

22,16 

36.602.722

Net result

5.403.527

351,53 

1.196.723

-68,18 

3.760.717

Working capital

50.547.094

26,34 

40.008.332

2,79 

38.921.374

Quick ratio

1,02

10,87 

0,92

-13,21 

1,06

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

Klaas Puul B.V.

Trade names

E.E.G. 6136 : Volendam Holland
Holland Seafood Group
HSG
Klaas Puul B.V.

Operative address

Lupinestraat 1 17
1131JT Volendam
Netherlands

Correspondence address

Postbus 231
1130AE Volendam
Netherlands

 

Telephone number

0299364247

Fax number

0299367247

Email address

info@klaaspuul.com

Website

www.klaaspuul.com

 

 

Registration

 

Registration number

KvK-nummer: 36036035

Branch number

000016328159

VAT-number

008563500

European VAT-number

NL008563500B01

Status

Active

First registration company register

1990-06-07

Memorandum

1990-05-31

Establishment date

1968-06-15

 

Legal form

Private Limited Company

Legal person since

1990-05-31

Last proposed admendment

2014-09-18

Issued placed capital

EUR 18.400

Paid up share capital

EUR 18.400

 

 

Activities

 

SBI

46382: Wholesale of fish
4723: Retail sale of fish

Exporter

Yes

Importer

Yes

 

Goal

Im- en export van en groot- en kleinhandel in vis en garnalen en aanverwante producten

 

 

Relations

 

Shareholders

Klaas Puul Beheer B.V.
Lupinestraat 1 17
1131JT Volendam
Netherlands
Registration number: 36038769
Percentage: 100%

Affiliates

Klaas Puul Shrimps International B.V.
Lupinestraat 1 17
1131JT Volendam
Netherlands
Registration number: 36035212

 

Klaas Puul Dansk B.V.
Lupinestraat 1 17
1131JT Volendam
Netherlands
Registration number: 36045188

 

Branches

Klaas Puul B.V.
Hamerstraat 26
1135GA EDAM
Netherlands
Registration number: 36036035

Companies on same address

Vebega Vereniging ter Bevordering van de Garnalenhandel
Registration number: 40412053

 

Klaas Puul Group B.V.
Registration number: 66084911

 

 

Real Estate

 

Details operative address

Surface area: 8085 m2
Purpose: Industrial function
Construction year: 1957
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

Klaas Puul Group B.V.
Lupinestraat 1 17
1131JT VOLENDAM
Netherlands
Registration number: 66084911
Competence: Fully authorized
Function: Manager
Starting date: 2016-11-28

 

D.C.P. Conijn Dennis Cornelis Philippus
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-10-31
Date of birth: 1973-06-05, Edam, NL

 

J.T.M. Bootsman Johannes Theodorus Maria
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-10-31
Date of birth: 1982-11-10, Edam-Volendam, NL

 

N. Prins Niels
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2017-11-01
Date of birth: 1979-07-15, Purmerend, NL
Involved with the following companies:

Stichting R.K.F.C. Volendam
Sportlaan 10
1131BK Volendam
Netherlands
Registration number: 41234129
Function: Proxy
Starting date: 2016-12-01

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Annual

156

159

158

188

Chamber of Commerce

121

121

121

131

121

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

 

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

A

45,00%

47,00%

7,00%

1,00%

0,00%

0,00%

2018 Q1

A

31,00%

67,00%

2,00%

0,00%

0,00%

0,00%

2017 Q4

B

47,00%

53,00%

0,00%

0,00%

0,00%

0,00%

2017 Q3

A

47,00%

53,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

A

52,00%

48,00%

0,00%

0,00%

0,00%

0,00%

 

A = < 10.000, B = < 25.000, C = < 50.000, D = < 125.000, E = > 125.000

 

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

2017

2016

2015

2014

2013

Quick ratio

1,02

0,92

1,06

1,14

0,69

Current ratio

2,01

1,89

2,06

3,21

2,27

Working capital/ balance total

0,48

0,46

0,49

0,64

0,51

Equity / balance total

0,37

0,44

0,47

0,61

0,51

Equity / Fixed assets

11,39

12,10

11,79

9,52

5,92

Equity / liabilities

0,59

0,78

0,90

1,59

1,02

Balance total / liabilities

1,59

1,78

1,90

2,59

2,02

Working capital

50.547.094

40.008.332

38.921.374

35.133.965

28.598.208

Equity

38.840.126

38.436.600

37.239.878

33.479.161

28.338.591

Mutation equity

1,05

3,21

11,23

18,14

2,43

Mutation short term liabilities

12,45

22,16

130,39

-29,70

-32,96

Return on total assets (ROA)

6,87

1,70

6,17

11,95

1,65

Return on equity (ROE)

18,44

3,89

13,04

19,46

3,25

Gross profit margin

5,36

2,14

4,05

4,48

0,96

Net profit margin

3,16

0,75

2,50

3,30

0,42

Average collection ratio

3,40

3,59

4,11

9,80

7,04

Average payment ratio

3,38

3,94

4,00

9,75

10,28

Equity turnover ratio

4,40

4,17

4,04

4,65

5,61

Total assets turnover ratio

1,64

1,83

1,91

2,85

2,84

Fixed assets turnover ratio

50,17

50,52

47,64

44,28

33,21

Inventory conversion ratio

3,44

3,68

4,10

4,73

4,46

Turnover

171.046.140

160.446.555

150.531.862

155.653.766

159.068.463

Gross margin

28.886.045

23.324.351

Operating result

9.162.015

3.441.195

6.097.194

6.966.897

1.534.793

Net result after taxes

5.403.527

1.196.723

3.760.717

5.140.570

671.355

Cashflow

6.299.884

2.399.357

EBIT

9.162.015

3.441.195

6.097.194

6.966.897

1.534.793

EBITDA

10.058.372

4.643.829

Summary

The 2017 financial result structure is a postive working captial of 50.547.094 euro, which is in agreement with 48 % of the total assets of the company.
The working capital has increased with 26.34 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2016 and 2017 has mainly been caused by a change of the current assets.
The current ratio of the company in 2017 was 2.01. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2017 of the company was 1.02. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

The 2016 financial result structure is a postive working captial of 40.008.332 euro, which is in agreement with 46 % of the total assets of the company.
The working capital has increase with 2.79 % 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 1.89. 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 0.92. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/KEYFIGURES-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/KEYFIGURES-02-bar-large.png

 

 

Financial statement

 

Last annual account

2017

Remark annual account

The company is obliged to file its financial statements.

Type of annual account

Corporate

Annual account

Klaas Puul B.V.
Lupinestraat 1 17
1131JT Volendam
Netherlands
Registration number: 36036035

 

 

Balance

 

Year

2017

2016

2015

2014

2013

End date

2017-03-31

2016-03-31

2015-03-31

2014-03-31

2013-03-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Intangible fixed assets

766.912

369.523

521.475

1.028.152

1.543.390

Tangible fixed assets

2.642.623

2.806.559

2.638.095

2.487.406

3.184.983

Financial fixed assets

60.759

Fixed assets

3.409.536

3.176.082

3.159.570

3.515.558

4.789.132

Total stock

49.671.642

43.598.571

36.754.461

32.879.139

35.632.061

Accounts receivable

9.900.682

10.108.320

12.197.801

Other receivables

27.764.242

5.855.175

3.278.005

Total receivables

50.640.525

40.755.213

37.664.924

15.963.495

15.475.806

Liquid funds

514.369

366.606

1.104.711

2.178.839

90.400

Current assets

100.826.535

84.720.389

75.524.096

51.021.473

51.198.267

Total assets

104.236.071

87.896.471

78.683.666

54.537.031

55.987.399

Issued capital

18.151

18.151

18.152

18.152

18.152

Share premium reserve

612.838

612.838

612.838

612.838

612.838

Other reserves

32.805.611

36.608.888

32.848.171

27.707.601

27.036.246

Non-distributable profit

5.403.526

1.196.723

3.760.717

5.140.570

671.355

Total reserves

38.821.975

38.418.449

37.221.726

33.461.009

28.320.439

Total equity

38.840.126

38.436.600

37.239.878

33.479.161

28.338.591

Provisions

456.504

247.814

341.066

670.362

548.749

Long term interest yielding debt

14.660.000

4.500.000

4.500.000

4.500.000

Financial debts

4.500.000

Long term liabilities

14.660.000

4.500.000

4.500.000

4.500.000

4.500.000

Accounts payable

2.170.071

2.660.156

2.098.294

Other short term liabilities

34.432.651

13.227.352

20.501.765

Short term liabilities

50.279.441

44.712.057

36.602.722

15.887.508

22.600.059

Total short and long term liabilities

65.395.945

49.459.871

41.443.788

21.057.870

27.648.808

Total liabilities

104.236.071

87.896.471

78.683.666

54.537.031

55.987.399

Summary

The total assets of the company increased with 18.59 % between 2016 and 2017.
The fixed asset growth of 7.35 % is lower than the total asset growth.
The asset growth has mainly been financed by a debt increase of 32.22 %. The Net Worth, however, grew with 1.05 %.
In 2017 the assets of the company were 3.27 % composed of fixed assets and 96.73 % by current assets. The assets are being financed by an equity of 37.26 %, and total debt of 62.74 %.

The total assets of the company increased with 11.71 % between 2015 and 2016.
The total assets are entirely composed of current assets.
The asset growth has mainly been financed by a debt increase of 19.34 %. The Net Worth, however, grew with 3.21 %.
In 2016 the assets of the company were 3.61 % composed of fixed assets and 96.39 % by current assets. The assets are being financed by an equity of 43.73 %, and total debt of 56.27 %.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/BALANCESHEETS-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/BALANCESHEETS-02-bar-large.png

 

 

Profit and loss

 

Year

2017

2016

2015

2014

2013

Revenues

171.046.140

160.446.555

150.531.862

155.653.766

159.068.463

Net turnover

171.046.140

160.446.555

150.531.862

155.653.766

159.068.463

Gross margin

28.886.045

23.324.351

Wages and salaries

10.221.218

10.328.411

Amorization and depreciation

896.357

1.202.634

Sales

142.160.095

137.122.204

other operating costs

8.606.455

8.352.111

Operating expenses

161.884.125

157.005.360

144.434.668

148.686.869

157.533.670

Operating result

9.162.015

3.441.195

6.097.194

6.966.897

1.534.793

Financial income

512

61.639

Financial expenses

1.240.007

451.350

674.280

Financial result

-2.000.976

-1.947.609

-1.240.007

-450.838

-612.641

Result on ordinary operations before taxes

7.161.039

1.493.586

4.857.187

6.516.059

922.152

Taxation on the result of ordinary activities

1.757.512

296.863

1.096.470

1.375.489

250.797

Result of ordinary activities after taxes

5.403.527

1.196.723

3.760.717

5.140.570

671.355

Net result

5.403.527

1.196.723

3.760.717

5.140.570

671.355

Summary

The turnover of the company grew with 6.61 % between 2016 and 2017.
The gross profit of the company grew with 23.85 % between 2016 and 2017.
The operating result of the company grew with 166.25 % between 2016 and 2017. 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 304.12 % of the analysed period, being equal to 6.87 in the year 2017.
Despite the growth the assets turnover decreased, whose index evolved with -10.38 % to a level of 1.64.
The Net Result of the company increased by 351.53 % between 2016 and 2017.
The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is a profitability increase of 374.04 % of the analysed period, being 18.44 in the year 2017.
The company's financial structure has slowed down its financial profitability.

The turnover of the company grew with 6.59 % between 2015 and 2016.
The operating result of the company declined with -43.56 % between 2015 and 2016. 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 -72.45 % of the analysed period, being equal to 1.7 in the year 2016.
This fall has contributed to a asset turnover decrease, whose index evolved from -4.19 to a level of 1.83.
The Net Result of the company decreased by -68.18 % 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 -70.17 % of the analysed period, being 3.89 in the year 2016.
The company's financial profitability has been positively affected by its financial structure.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1393970-EN/PROFITLOSSACCOUNTS-01-bar-large.png

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Analysis

 

Branch (SBI)

Wholesale of fish (SBI code 46382)

Region

Groot-Amsterdam

Summary

In the Netherlands 31860 of the companies are registered with the SBI code 46382
In the region Groot-Amsterdam 3926 of the companies are registered with the SBI code 46382
In the Netherlands 136 of the bankrupcties are published within this sector
In the region Groot-Amsterdam 12 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-Amsterdam is normal

Year

2017

Company

2016

Company

2015

Equity

15.383.075

38.840.126 

15.384.073

38.436.600 

14.447.279

Working capital

7.975.000

50.547.094 

8.519.499

40.008.332 

9.354.629

Balance total

41.061.718

104.236.071 

41.636.725

87.896.471 

41.820.334

Quick ratio

1,05

1,02 

1,00

0,92 

1,04

Current ratio

1,35

2,01 

1,42

1,89 

1,41

Equity / balance total

0,34

0,37 

0,34

0,44 

0,36

Turnover

150.589.114

171.046.140 

151.462.303

160.446.555 

159.641.354

Net result

2.686.000

5.403.527 

3.108.529

1.196.723 

2.919.779

 

 

Publications

 

Deposits

31-01-2018: De jaarrekening over 2017 (gebroken boekjaar) is gepubliceerd.
21-04-2017: De jaarrekening over 2016 (gebroken boekjaar) is gepubliceerd.
05-01-2016: De jaarrekening over 2015 (gebroken boekjaar) is gepubliceerd.
10-11-2014: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
02-10-2013: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.

Functions

08-11-2017: Per 01-11-2017 is gevolmachtigde Niels Prins in functie getreden.
14-04-2017: Per 31-10-2014 is gevolmachtigde Johannes Theodorus Maria Bootsman in functie getreden.
03-04-2017: Per 30-11-2016 is gevolmachtigde Niels Prins uit functie getreden.
15-02-2017: Per 28-11-2016 is bestuurder 66084911 Klaas Puul Group B.V. in functie getreden.
15-02-2017: Per 28-11-2016 is bestuurder Sander van den Berg uit functie getreden.
15-02-2017: Per 28-11-2016 is gevolmachtigde Johannes Theodorus Maria Bootsman uit functie getreden.
15-02-2017: Per 28-11-2016 is gevolmachtigde Bianca Margaretha Johanna Mooijer uit functie getreden.
23-04-2015: Per 26-03-2015 is gevolmachtigde Niels Prins in functie getreden.
03-04-2015: Per 17-03-2015 is gevolmachtigde Johannes Theodorus Maria Bootsman uit functie getreden.
25-03-2015: Per 01-03-2015 is bestuurder 36001233 Klaas Puul Holding B.V. uit functie getreden.
25-03-2015: Per 01-03-2015 is gevolmachtigde Johan Petrus Bootsman uit functie getreden.
19-03-2015: Per 01-03-2015 is bestuurder Sander van den Berg in functie getreden.
07-11-2014: Per 31-10-2014 is gevolmachtigde Johannes Theodorus Maria Bootsman in functie getreden.
07-11-2014: Per 31-10-2014 is gevolmachtigde Dennis Cornelis Philippus Conijn in functie getreden.

Other

22-09-2014: Geplaatst kapitaal gewijzigd in EUR 18.400,00 Gestort kapitaal gewijzigd in EUR 18.400,00.
22-09-2014: Per 18-9-2014 statuten gewijzigd.

 

 

Company structure

 

Relations

5

Company

Registration number

Klaas Puul Group B.V. (VOLENDAM)

66084911  

| - - Klaas Puul Beheer B.V. (Volendam)

36038769  

| - - | - - Klaas Puul Dansk B.V. (Volendam)

36045188  

| - - | - - Klaas Puul B.V. (Volendam)

36036035  

| - - | - - Klaas Puul Shrimps International B.V. (Volendam)

36035212  

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.22

UK Pound

1

INR 90.87

Euro

1

INR 80.87

Euro

1

INR 80.60

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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.