|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510372 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
HEIPLOEG INTERNATIONAL B.V. |
|
|
|
|
Registered Office : |
Panserweg 14, 9974SL Zoutkamp |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
21.01.2014 |
|
|
|
|
Com. Reg. No.: |
59778660 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Wholesale of fish |
|
|
|
|
No. of Employees : |
214 [2016] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
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
|
Name |
Heiploeg
International B.V. |
Summary
|
Company
name |
Heiploeg
International B.V. |
|
Operative
address |
Panserweg
14 |
|
Status |
Active |
|
Specification |
This
company can meet all its obligations. |
|
Legal
form |
Private
Limited Company |
||||
|
Registration
number |
KvK-nummer:
59778660 |
||||
|
VAT-number |
853640804 |
||||
|
European
VAT-number |
NL853640804B01 |
||||
|
Year |
2016 |
Mutation |
2015 |
Mutation |
2014 |
|
Fixed
assets |
10.619.000 |
0,12 |
10.606.000 |
118,64 |
4.851.000 |
|
Total
receivables |
55.573.000 |
1,61 |
54.695.000 |
35,61 |
40.334.000 |
|
Total
equity |
41.608.000 |
87,85 |
22.149.000 |
67,64 |
13.212.000 |
|
Short
term liabilities |
105.708.000 |
-11,86 |
119.933.000 |
27,31 |
94.203.000 |
|
Net
result |
19.460.000 |
117,75 |
8.937.000 |
||
|
Working
capital |
47.962.000 |
40,19 |
34.212.000 |
18,47 |
28.878.000 |
|
Quick
ratio |
0,56 |
16,67 |
0,48 |
9,09 |
0,44 |
Contact information
|
Company
name |
Heiploeg
International B.V. |
|
Trade
names |
Heiploeg
International B.V. |
|
Operative
address |
Panserweg
14 |
|
Correspondence
address |
Panserweg
14 |
|
Telephone
number |
0595405555 |
|
Email
address |
info@heiploeggroup.com |
|
Website |
www.heiploeggroup.com |
Registration
|
Registration
number |
KvK-nummer:
59778660 |
|
Branch
number |
000029036607 |
|
VAT-number |
853640804 |
|
European
VAT-number |
NL853640804B01 |
|
Status |
Active |
|
First
registration company register |
2014-01-21 |
|
Memorandum |
2014-01-21 |
|
Establishment
date |
2014-01-21 |
|
Legal
form |
Private
Limited Company |
|
Last
proposed admendment |
2014-01-28 |
|
Issued
placed capital |
EUR 1 |
|
Paid up
share capital |
EUR 1 |
Activities
|
SBI |
46382:
Wholesale of fish |
|
Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
Het
importeren, exporteren, verkopen, distribueren, het handelen in, de marketing
van en het adviseren met betrekking tot alle in zoet- en zoutwater
voorkomende vissen en organismen, en daaraan verwante producten, daaronder
begrepen, maar niet beperkt tot schelp-, schaal- en weekdieren, alsook andere
producten die van belang zijn of kunnen zijn voor de vennootschap. |
Relations
|
Shareholders |
Heiploeg Holding
International B.V. |
|
Affiliates |
Noord Zuid
Beheer International B.V. Heitrans
International B.V. Heiploeg Seafood
International B.V. Goldfish
International B.V. |
|
Companies
on same address (number) |
11 |
Real Estate
|
Details
operative address |
Surface
area: 26709 m2 |
Management
|
Active
management |
Parlevliet en
Van der Plas Beheer B.V. D. Parlevliet
Dirk-Jan Brigitta
Parlevliet Beheer B.V. Dirk Jan
Parlevliet Beheer B.V. P.P. C.C. B.V. Heiploeg Holding
International B.V. PP Groep Katwijk
B.V. |
Employees
|
Year |
2016 |
2015 |
2014 |
||
|
Annual |
214 |
207 |
182 |
||
|
Chamber
of Commerce |
0 |
0 |
Payments
|
Description |
Regular
|
|
Total |
EUR
804.236 |
|
Quarter |
Volume |
Not
overdue |
1-30 |
31-60 |
61-90 |
91-120 |
121+ |
|
2018 Q2 |
E |
59,00% |
23,00% |
18,00% |
0,00% |
0,00% |
0,00% |
|
2018 Q1 |
E |
59,00% |
23,00% |
18,00% |
0,00% |
0,00% |
0,00% |
|
2017 Q4 |
E |
90,00% |
10,00% |
0,00% |
0,00% |
0,00% |
0,00% |
|
2017 Q3 |
D |
56,00% |
26,00% |
2,00% |
0,00% |
16,00% |
0,00% |
|
2017 Q2 |
D |
51,00% |
33,00% |
0,00% |
0,00% |
16,00% |
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) |
42 |
38 |
|||||
|
Average
delay (days) |
22 |
20 |
|||||
|
Quarter |
Not
overdue |
1-30 |
31-60 |
61-90 |
91-120 |
121+ |
|
|
2018 Q2 |
45,00% |
41,00% |
6,00% |
5,00% |
0,00% |
2,00% |
|
|
2018 Q1 |
52,00% |
37,00% |
6,00% |
2,00% |
1,00% |
2,00% |
|
|
2017 Q4 |
54,00% |
36,00% |
6,00% |
2,00% |
1,00% |
1,00% |
|
|
2017 Q3 |
44,00% |
44,00% |
7,00% |
1,00% |
3,00% |
1,00% |
|
|
2017 Q2 |
61,00% |
35,00% |
3,00% |
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 |
||
|
Quick
ratio |
0,56 |
0,48 |
0,44 |
||
|
Current
ratio |
1,45 |
1,29 |
1,31 |
||
|
Working
capital/ balance total |
0,29 |
0,21 |
0,23 |
||
|
Equity
/ balance total |
0,25 |
0,13 |
0,10 |
||
|
Equity
/ Fixed assets |
3,92 |
2,09 |
2,72 |
||
|
Equity
/ liabilities |
0,34 |
0,16 |
0,12 |
||
|
Balance
total / liabilities |
1,34 |
1,16 |
1,12 |
||
|
Working
capital |
47.962.000 |
34.212.000 |
28.878.000 |
||
|
Equity |
41.608.000 |
22.149.000 |
13.212.000 |
||
|
Mutation
equity |
87,85 |
67,64 |
|||
|
Mutation
short term liabilities |
-11,86 |
27,31 |
|||
|
Return
on total assets (ROA) |
15,76 |
7,23 |
|||
|
Return
on equity (ROE) |
62,24 |
53,81 |
|||
|
Gross
profit margin |
9,53 |
||||
|
Net
profit margin |
6,51 |
||||
|
Average
collection ratio |
2,83 |
||||
|
Average
payment ratio |
5,38 |
||||
|
Equity
turnover ratio |
7,19 |
||||
|
Total
assets turnover ratio |
1,82 |
||||
|
Fixed
assets turnover ratio |
28,17 |
||||
|
Inventory
conversion ratio |
3,17 |
||||
|
Turnover |
299.104.000 |
||||
|
Gross
margin |
67.987.000 |
||||
|
Operating
result |
28.518.000 |
14.428.000 |
|||
|
Net
result after taxes |
19.460.000 |
8.937.000 |
|||
|
Cashflow |
21.994.000 |
||||
|
EBIT |
28.518.000 |
14.428.000 |
|||
|
EBITDA |
31.052.000 |
||||
|
Summary |
The
2016 financial result structure is a postive working captial of 47.962.000
euro, which is in agreement with 29 % of the total assets of the company. |
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 |
Heiploeg
International B.V. |
Balance
|
Year |
2016 |
2015 |
2014 |
||
|
End
date |
2016-12-31 |
2015-12-31 |
2014-12-31 |
||
|
Type of
annual account |
Corporate |
Corporate |
Corporate |
||
|
Intangible
fixed assets |
4.671.000 |
5.267.000 |
|||
|
Tangible
fixed assets |
5.407.000 |
4.637.000 |
4.851.000 |
||
|
Financial
fixed assets |
541.000 |
702.000 |
|||
|
Fixed
assets |
10.619.000 |
10.606.000 |
4.851.000 |
||
|
Total
stock |
94.480.000 |
96.971.000 |
81.710.000 |
||
|
Accounts
receivable |
46.664.000 |
||||
|
Other
receivables |
8.031.000 |
||||
|
Total
receivables |
55.573.000 |
54.695.000 |
40.334.000 |
||
|
Liquid
funds |
3.616.000 |
2.479.000 |
1.037.000 |
||
|
Current
assets |
153.670.000 |
154.145.000 |
123.081.000 |
||
|
Total
assets |
164.289.000 |
164.751.000 |
127.932.000 |
||
|
Issued
capital |
9.800.000 |
||||
|
Share
premium reserve |
9.800.000 |
9.800.000 |
|||
|
Other
reserves |
31.808.000 |
12.349.000 |
3.412.000 |
||
|
Total
reserves |
41.608.000 |
22.149.000 |
3.412.000 |
||
|
Total
equity |
41.608.000 |
22.149.000 |
13.212.000 |
||
|
Provisions |
70.000 |
192.000 |
314.000 |
||
|
Long
term interest yielding debt |
16.902.000 |
22.477.000 |
20.203.000 |
||
|
Long
term liabilities |
16.902.000 |
22.477.000 |
20.203.000 |
||
|
Accounts
payable |
25.809.000 |
||||
|
Other
short term liabilities |
94.124.000 |
||||
|
Short
term liabilities |
105.708.000 |
119.933.000 |
94.203.000 |
||
|
Total
short and long term liabilities |
122.680.000 |
142.602.000 |
114.720.000 |
||
|
Total
liabilities |
164.289.000 |
164.751.000 |
127.932.000 |
||
|
Summary |
The
total assets remained the same between 2015 and 2016. |
Profit and loss
|
Year |
2016 |
2015 |
|||
|
Revenues |
299.104.000 |
48.307.000 |
|||
|
Net
turnover |
299.104.000 |
||||
|
Gross
margin |
67.987.000 |
||||
|
Wages
and salaries |
18.567.000 |
||||
|
Amorization
and depreciation |
2.534.000 |
||||
|
Sales |
231.117.000 |
||||
|
other
operating costs |
18.368.000 |
||||
|
Operating
expenses |
270.586.000 |
33.879.000 |
|||
|
Result
in subsidiaries |
-193.000 |
||||
|
Operating
result |
28.518.000 |
14.428.000 |
|||
|
Financial
result |
-2.427.000 |
-2.509.000 |
|||
|
Result
on ordinary operations before taxes |
25.898.000 |
11.919.000 |
|||
|
Taxation
on the result of ordinary activities |
6.438.000 |
2.947.000 |
|||
|
Result
of ordinary activities after taxes |
19.460.000 |
8.972.000 |
|||
|
Result
subsidiaries after taxes |
-35.000 |
||||
|
Net
result |
19.460.000 |
8.937.000 |
|||
|
Summary |
The
operating result of the company grew with 97.66 % between 2015 and 2016. This
evolution implies an increase of the company's economic profitability. |
Analysis
|
Branch
(SBI) |
Wholesale
of fish (SBI code 46382) |
||||
|
Region |
Overig
Groningen |
||||
|
Summary |
In the
Netherlands 31957 of the companies are registered with the SBI code 46382 |
||||
|
Year |
2016 |
Company |
2015 |
Company |
2014 |
|
Equity |
15.383.075 |
41.608.000 |
15.404.092 |
22.149.000 |
14.478.000 |
|
Working
capital |
7.714.317 |
47.962.000 |
8.435.883 |
34.212.000 |
9.153.216 |
|
Balance
total |
41.238.244 |
164.289.000 |
40.208.000 |
164.751.000 |
40.633.801 |
|
Quick
ratio |
1,02 |
0,56 |
1,00 |
0,48 |
1,03 |
|
Current
ratio |
1,34 |
1,45 |
1,42 |
1,29 |
1,41 |
|
Equity
/ balance total |
0,34 |
0,25 |
0,35 |
0,13 |
0,36 |
|
Turnover |
145.195.500 |
299.104.000 |
|||
|
Net
result |
2.743.921 |
19.460.000 |
2.994.020 |
8.937.000 |
|
Publications
|
Deposits |
24-10-2017:
De jaarrekening over 2016 is gepubliceerd. |
|
Functions |
06-06-2014:
Per 05-06-2014 is bestuurder Dirk-Jan Parlevliet in functie getreden. |
Company structure
|
Relations |
30 |
|
Company |
Registration
number |
|
Stichting
Administratiekantoor van aandelen in PP Groep Katwijk (VALKENBURG) |
|
|
| -
- PP Groep Katwijk B.V. (VALKENBURG) |
|
|
| - - |
- - P.P. C.C. B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - Heiploeg Zuid-Amerika B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - Vastgoed C.C. B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - Heiploeg Holding International B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - | - - Goldfish International B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - | - - Heiploeg Seafood International B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - | - - Heitrans International B.V. (ZOUTKAMP) |
|
|
| - - |
- - | - - | - - Heiploeg International B.V. (Zoutkamp) |
|
|
| - - |
- - | - - | - - Noord Zuid Beheer International B.V. (ZOUTKAMP) |
|
|
| - - |
- - Parlevliet en Van der Plas Haringhandel B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Sawad Food International B.V. (VALKENBURG) |
|
|
| - - |
- - Parlevliet en Van der Plas Vastgoed B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Ouwehand Visverwerking B.V. (KATWIJK) |
|
|
| - - |
- - | - - Frigo 2000 IJmuiden B.V. (VALKENBURG) |
|
|
| - - |
- - | - - | - - Frozen Fish Trading Company B.V. (IJMUIDEN) |
|
|
| - - |
- - Parlevliet en Van der Plas Beheer B.V. (Valkenburg) |
|
|
| - - |
- - | - - PP Frankrijk B.V. (VALKENBURG
ZH) |
|
|
| - - |
- - Rederij Samenwerking I B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Vikingbank B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Rederij Samenwerking II B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Tory B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Kilda B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Silver Pit B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Rona B.V. (Valkenburg) |
|
|
| - - |
- - | - - Parlevliet en Van der Plas B.V. (VALKENBURG) |
|
|
| - - |
- - | - - Fladen Gronden B.V. (VALKENBURG) |
|
|
| - - |
- - Parlevliet en Van der Plas Faeröer B.V. (VALKENBURG) |
|
|
| - - |
- - P.P. D.S. B.V. (VALKENBURG) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
|
Euro |
1 |
INR 79.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.