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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

509826

Report Date :

18.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INFRA FOODBRANDS B.V.

 

 

Registered Office :

Hogehilweg 5 W 1101CA Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

01.03.1980

 

 

Com. Reg. No.:

KvK-nummer: 32033566

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of food.

 

 

No. of Employees :

5 (2018)

 

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

Infra Foodbrands B.V.

Operative address

Hogehilweg 5 W
1101CA Amsterdam
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 32033566

VAT-number

801552606

European VAT-number

NL801552606B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

216.897

-70,23 

728.518

261,11 

201.742

Total receivables

3.378.611

7,62 

3.139.514

0,23 

3.132.340

Total equity

2.714.222

-33,93 

4.107.799

2,65 

4.001.943

Short term liabilities

2.262.514

10,70 

2.043.752

50,91 

1.354.258

Working capital

2.497.325

-26,10 

3.379.281

-11,08 

3.800.201

Quick ratio

1,50

-8,54 

1,64

-37,64 

2,63

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-EN/SUMMARY-01-bar-large.png

 

 

Contact information

 

Company name

Infra Foodbrands B.V.

Trade names

Infra Foodbrands B.V.

Operative address

Hogehilweg 5 W
1101CA Amsterdam
Netherlands

Correspondence address

Hogehilweg 5 W
1101CA Amsterdam
Netherlands

 

Telephone number

0203113070

Fax number

0203113071

Email address

info@infrafoodbrands.nl

Website

infrafoodbrands.nl

 

 

Registration

 

Registration number

KvK-nummer: 32033566

Branch number

000018040217

VAT-number

801552606

European VAT-number

NL801552606B01

Status

Active

First registration company register

1992-12-01

Memorandum

1992-11-23

Establishment date

1980-03-01

 

Legal form

Private Limited Company

Legal person since

1992-11-23

Last proposed admendment

2006-09-19

Issued placed capital

EUR 19.060

Paid up share capital

EUR 19.060

 

 

Activities

 

SBI

4617: Agents involved in the sale of food

Exporter

Yes

Importer

Yes

 

Goal

Handel in, import/export en (doen) vervaardigen van consumentenproducten

 

 

Real Estate

 

Details operative address

Surface area: 150 m2
Purpose: Office function
Construction year: 1900
Status: Property in use (not been measured)
Under investigation: No

 

 

Management

 

Active management

D'Hooge Wal Beheer B.V.
Vinkebaan 1
1251EJ LAREN
Netherlands
Registration number: 32053372
Competence: Fully authorized
Function: Manager
Starting date: 1992-11-23

 

P.K.F. Sanders Paul Karel Frank
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 1992-11-23
Date of birth: 1946-05-21, Voorburg, NL
Involved with the following companies:

D'Hooge Wal Beheer B.V.
Vinkebaan 1
1251EJ LAREN
Netherlands
Registration number: 32053372
Function: Manager
Starting date: 1992-11-23

 

M. Oosterhoorn Michel
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 1996-07-22
Date of birth: 1971-07-19, Wormerveer, NL

 

M.E. Sanders Michaël Elkan
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-01-01
Date of birth: 1978-08-26, Laren, NL

 

 

Employees

 

Year

2018

2016

2015

2014

2013

Annual

8

6

6

6

Chamber of Commerce

5

5

5

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-EN/EMPLOYEES-01-bar-large.png

 

 

Payments

 

Payments within industry

Last quarter

Last year

Average payment period (days)

35

36

Average delay (days)

17

18

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

40,00%

35,00%

14,00%

1,00%

3,00%

8,00%

2018 Q1

34,00%

56,00%

5,00%

3,00%

1,00%

0,00%

2017 Q4

47,00%

49,00%

3,00%

1,00%

0,00%

0,00%

2017 Q3

49,00%

48,00%

3,00%

0,00%

0,00%

0,00%

2017 Q2

53,00%

42,00%

4,00%

1,00%

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

2012

Quick ratio

1,50

1,64

2,63

1,92

2,09

Current ratio

2,10

2,65

3,81

2,66

2,79

Working capital/ balance total

0,50

0,55

0,71

0,61

0,62

Equity / balance total

0,55

0,67

0,75

0,63

0,66

Equity / Fixed assets

12,51

5,64

19,84

21,91

17,09

Equity / liabilities

1,20

2,01

2,96

1,74

1,90

Balance total / liabilities

2,20

3,01

3,96

2,74

2,90

Working capital

2.497.325

3.379.281

3.800.201

3.663.903

3.002.726

Equity

2.714.222

4.107.799

4.001.943

3.839.103

3.189.359

Mutation equity

-33,93

2,65

4,24

20,37

10,69

Mutation short term liabilities

10,70

50,91

-38,70

31,58

-1,39

Summary

The 2016 financial result structure is a postive working captial of 2.497.325 euro, which is in agreement with 50 % of the total assets of the company.
The working capital has diminished with -26.1 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 2.1. 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 1.5. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

The 2015 financial result structure is a postive working captial of 3.379.281 euro, which is in agreement with 55 % of the total assets of the company.
The working capital has diminished with -11.08 % 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 2.65. 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 1.64. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-EN/KEYFIGURES-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-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

Infra Foodbrands B.V.
Hogehilweg 5 W
1101CA Amsterdam
Netherlands
Registration number: 32033566

 

 

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

207.665

228.535

191.239

164.047

174.918

Financial fixed assets

9.232

499.983

10.503

11.153

11.715

Fixed assets

216.897

728.518

201.742

175.200

186.633

Total stock

1.362.189

2.062.593

1.598.406

1.620.867

1.178.398

Total receivables

3.378.611

3.139.514

3.132.340

3.869.771

2.352.741

Liquid funds

19.039

220.926

423.713

382.408

1.150.506

Current assets

4.759.839

5.423.033

5.154.459

5.873.046

4.681.645

Total assets

4.976.736

6.151.551

5.356.201

6.048.246

4.868.278

Issued capital

19.059

18.514

18.514

18.514

18.514

Share premium reserve

31.362

7.683

7.683

7.683

Other reserves

2.663.801

4.081.602

3.975.746

3.820.589

3.163.162

Total reserves

2.695.163

4.089.285

3.983.429

3.820.589

3.170.845

Total equity

2.714.222

4.107.799

4.001.943

3.839.103

3.189.359

Long term liabilities

0

Short term liabilities

2.262.514

2.043.752

1.354.258

2.209.143

1.678.919

Total short and long term liabilities

2.262.514

2.043.752

1.354.258

2.209.143

1.678.919

Total liabilities

4.976.736

6.151.551

5.356.201

6.048.246

4.868.278

Summary

The total assets of the company decreased with -19.1 % between 2015 and 2016.
This downturn is mainly retrievable in the fixed asset decrease of -70.23 %.
The asset reduction results in an equity decrease of -33.93 %. Despite the decrease, the indebtness increased with 10.7 %.
In 2016 the assets of the company were 4.36 % composed of fixed assets and 95.64 % by current assets. The assets are being financed by an equity of 54.54 %, and total debt of 45.46 %.

The total assets of the company increased with 14.85 % between 2014 and 2015.
The total asset increase is retrievable in the fixed asset growth of 261.11 %.
The asset growth has mainly been financed by a debt increase of 50.91 %. The Net Worth, however, grew with 2.65 %.
In 2015 the assets of the company were 11.84 % composed of fixed assets and 88.16 % by current assets. The assets are being financed by an equity of 66.78 %, and total debt of 33.22 %.

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-EN/BALANCESHEETS-01-bar-large.png

https://kredietinformatie.creditdevice.nl/cache/ci-report-1398370-EN/BALANCESHEETS-02-bar-large.png

 

 

Analysis

 

Branch (SBI)

Agents involved in the sale of food (SBI code 4617)

Region

Groot-Amsterdam

Summary

In the Netherlands 3119 of the companies are registered with the SBI code 4617
In the region Groot-Amsterdam 358 of the companies are registered with the SBI code 4617
In the Netherlands 8 of the bankrupcties are published within this sector
In the region Groot-Amsterdam 1 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

2016

Company

2015

Company

2014

Equity

1.718.825

2.714.222 

1.671.433

4.107.799 

1.696.968

Working capital

1.416.104

2.497.325 

1.181.541

3.379.281 

1.277.029

Balance total

4.491.922

4.976.736 

4.297.255

6.151.551 

4.233.303

Quick ratio

1,20

1,50 

1,19

1,64 

1,22

Current ratio

1,41

2,10 

1,53

2,65 

1,59

Equity / balance total

0,31

0,55 

0,38

0,67 

0,44

 

 

Publications

 

Deposits

20-11-2017: De jaarrekening over 2016 is gepubliceerd.
15-02-2017: De jaarrekening over 2015 is gepubliceerd.
14-09-2015: De jaarrekening over 2014 is gepubliceerd.
19-08-2014: De jaarrekening over 2013 is gepubliceerd.
07-08-2013: De jaarrekening over 2012 is gepubliceerd.

Functions

29-01-2016: Per 31-12-2015 is commissaris Bernardus Herman Johannes Bendel uit functie getreden.

Other

30-06-2016: Geplaatst kapitaal gewijzigd in EUR 19.059,60 Gestort kapitaal gewijzigd in EUR 19.059,60.

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.71

UK Pound

1

INR 91.89

Euro

1

INR 79.89

EURO

1

INR 80.30

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

POJ

 

 

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.