MIRA INFORM REPORT

 

 

Report No. :

511607

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

CB SHIPPING HOLDING B.V.

 

 

Registered Office :

Zeefbaan 20 C 9672BN Winschoten

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

09.11.2011

 

 

Com. Reg. No.:

KvK-nummer: 53915984

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Holding companies (not financial)

·         Holding and financing activities as well as participation in limited partnerships

 

 

No. of Employees :

Not Available

 

 

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

 

Company name and Summary

 

Company name

CB Shipping Holding B.V.

Operative address

Zeefbaan 20 C
9672BN Winschoten
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 53915984

VAT-number

851071910

European VAT-number

NL851071910B01

Year

2016

Mutation

2015

Mutation

2014

Fixed assets

6.653.000

1,33 

6.566.000

6.566.000

Total receivables

381.000

353,57 

84.000

Total equity

2.864.000

-3,76 

2.976.000

3,48 

2.876.000

Short term liabilities

886.000

28,78 

688.000

33,08 

517.000

Net result

108.000

158,06 

-186.000

Working capital

-506.000

-64,82 

-307.000

24,57 

-407.000

Quick ratio

0,43

-21,82 

0,55

161,90 

0,21

 

 

Contact information

 

Company name

CB Shipping Holding B.V.

Trade names

CB Shipping Holding B.V.

Operative address

Zeefbaan 20 C
9672BN Winschoten
Netherlands

Correspondence address

Zeefbaan 20 C
9672BN Winschoten
Netherlands

 

 

Registration

 

Registration number

KvK-nummer: 53915984

Branch number

000023758066

VAT-number

851071910

European VAT-number

NL851071910B01

Status

Active

First registration company register

2011-11-09

Memorandum

2011-11-09

Establishment date

2011-11-09

 

Legal form

Private Limited Company

Issued placed capital

EUR 18.000

Paid up share capital

EUR 18.000

 

 

Activities

 

SBI

70102: Holding companies (not financial)

Exporter

No

Importer

No

 

Goal

holding- en financieringsactiviteiten alsmede deelname in commanditaire vennootschappen

 

 

Relations

 

Shareholders

Reider Shipping B.V.
Zeefbaan 20 C
9672BN Winschoten
Netherlands
Registration number: 02061914
Percentage: 100%

Affiliates

Vecht Trader Beheer B.V.
Zeefbaan 20 C
9672BN WINSCHOTEN
Netherlands
Registration number: 01130628
Insolvency: Default

 

Vliet Trader Beheer B.V.
Zeefbaan 20 C
9672BN WINSCHOTEN
Netherlands
Registration number: 01130632
Insolvency: Default

 

IJssel Trader Beheer B.V.
Zeefbaan 20 /C
9672BN WINSCHOTEN
Netherlands
Registration number: 02080234

 

Schelde Trader Beheer B.V.
Zeefbaan 20 C
9672BN WINSCHOTEN
Netherlands
Registration number: 02080542

 

Amstel Trader Beheer B.V.
Zeefbaan 20 /C
9672BN WINSCHOTEN
Netherlands
Registration number: 02080974
Insolvency: Default

 

Companies on same address (number)

13

 

 

Real Estate

 

Details operative address

Surface area: 470 m2
Purpose: Office function
Construction year: 2000
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

Reider Shipping B.V.
Zeefbaan 20 C
9672BN Winschoten
Netherlands
Registration number: 02061914
Competence: Fully authorized
Function: Manager
Starting date: 2015-03-11

 

 

Employees

 

Year

2018

2015

Chamber of Commerce

0

0

 

 

Payments

 

Payments within industry

Last quarter

Last year

Average payment period (days)

37

37

Average delay (days)

19

19

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

54,00%

25,00%

7,00%

6,00%

4,00%

4,00%

2018 Q1

68,00%

24,00%

4,00%

2,00%

1,00%

2,00%

2017 Q4

67,00%

24,00%

3,00%

2,00%

1,00%

4,00%

2017 Q3

58,00%

30,00%

6,00%

3,00%

1,00%

3,00%

2017 Q2

40,00%

29,00%

4,00%

1,00%

1,00%

25,00%

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

0,43

0,55

0,21

1,97

3,07

Current ratio

0,43

0,55

0,21

1,97

3,07

Working capital/ balance total

-0,07

-0,04

-0,06

0,45

0,61

Equity / balance total

0,41

0,43

0,43

0,04

0,08

Equity / Fixed assets

0,43

0,45

0,44

0,55

0,91

Equity / liabilities

0,69

0,75

0,76

0,05

0,09

Balance total / liabilities

1,69

1,75

1,76

1,05

1,09

Working capital

-506.000

-307.000

-407.000

3.039.000

3.239.000

Equity

2.864.000

2.976.000

2.876.000

301.000

450.000

Mutation equity

-3,76

3,48

855,48

-33,11

Mutation short term liabilities

28,78

33,08

-83,55

100,45

Return on total assets (ROA)

-3,07

-3,19

-2,97

-1,15

Return on equity (ROE)

-7,16

-7,41

-66,45

-13,56

Net result after taxes

108.000

-186.000

-150.000

-46.000

Summary

The 2016 financial result structure is a negative working captial of -506.000 euro, which is in agreement with -7 % of the total assets of the company.
The working capital has diminished with -64.82 % 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 0.43. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2016 of the company was 0.43. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2015 financial result structure is a negative working captial of -307.000 euro, which is in agreement with -4 % of the total assets of the company.
The working capital has increased with 24.57 % 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 assets.
The current ratio of the company in 2015 was 0.55. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2015 of the company was 0.55. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

 

 

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

CB Shipping Holding B.V.
Zeefbaan 20 C
9672BN Winschoten
Netherlands
Registration number: 53915984

 

 

Balance

 

Year

2016

2015

2014

2013

2012

End date

2016-03-31

2015-12-31

2014-03-31

2013-03-31

2012-03-31

Type of annual account

Corporate

Corporate

Consol.

Corporate

Corporate

Financial fixed assets

6.653.000

6.566.000

6.566.000

545.000

494.000

Fixed assets

6.653.000

6.566.000

6.566.000

545.000

494.000

Total receivables

381.000

84.000

6.164.000

4.789.000

Liquid funds

380.000

26.000

18.000

18.000

Current assets

380.000

381.000

110.000

6.182.000

4.807.000

Total assets

7.033.000

6.947.000

6.676.000

6.727.000

5.301.000

Issued capital

10.000

10.000

18.000

18.000

Share premium reserve

3.273.000

3.273.000

Other reserves

-307.000

-415.000

283.000

432.000

Non-distributable profit

-112.000

108.000

Total reserves

2.854.000

2.966.000

283.000

432.000

Total equity

2.864.000

2.976.000

2.876.000

301.000

450.000

Long term interest yielding debt

3.283.000

3.283.000

3.283.000

3.283.000

3.283.000

Long term liabilities

3.283.000

3.283.000

3.283.000

3.283.000

3.283.000

Short term liabilities

886.000

688.000

517.000

3.143.000

1.568.000

Total short and long term liabilities

4.169.000

3.971.000

3.800.000

6.426.000

4.851.000

Total liabilities

7.033.000

6.947.000

6.676.000

6.727.000

5.301.000

Summary

The total assets of the company increased with 1.24 % between 2015 and 2016.
The total asset increase is retrievable in the fixed asset growth of 1.33 %.
Asset growth is in contrasts with the net worth decline of -3.76 %. The company's indebtedness has, therefore, increased with 4.99 %.
In 2016 the assets of the company were 94.6 % composed of fixed assets and 5.4 % by current assets. The assets are being financed by an equity of 40.72 %, and total debt of 59.28 %.

The total assets of the company increased with 4.06 % between 2014 and 2015.
The asset growth has mainly been financed by a debt increase of 4.5 %. The Net Worth, however, grew with 3.48 %.
In 2015 the assets of the company were 94.52 % composed of fixed assets and 5.48 % by current assets. The assets are being financed by an equity of 42.84 %, and total debt of 57.16 %.

 

 

Profit and loss

Year

2015

2014

2013

2012

Financial expenses

213.000

213.000

200.000

61.000

Financial result

-213.000

-213.000

-200.000

-61.000

Result on ordinary operations before taxes

-213.000

-213.000

-200.000

-61.000

Taxation on the result of ordinary activities

-321.000

-27.000

-50.000

-15.000

Result of ordinary activities after taxes

108.000

-186.000

-150.000

-46.000

Net result

108.000

-186.000

-150.000

-46.000

Summary

The result of these changes is an increase of the company's Economic Profitability of 3.76 % of the analysed period, being equal to -3.07 in the year 2015.
The Net Result of the company increased by 158.06 % between 2014 and 2015.
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 3.37 % of the analysed period, being -7.16 in the year 2015.
The company's financial structure has slowed down its financial profitability.

 

 

Analysis

 

Branch (SBI)

Holding companies (not financial) (SBI code 70102)

Region

Oost-Groningen

Summary

In the Netherlands 58217 of the companies are registered with the SBI code 70102
In the region Oost-Groningen 133 of the companies are registered with the SBI code 70102
In the Netherlands 125 of the bankrupcties are published within this sector
In the region Oost-Groningen 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 Oost-Groningen is normal

Year

2016

Company

2015

Company

2014

Equity

2.437.855

2.864.000 

2.332.369

2.976.000 

2.257.083

Working capital

651.938

-506.000 

546.695

-307.000 

538.550

Balance total

3.674.709

7.033.000 

3.667.455

6.947.000 

3.663.304

Quick ratio

2,79

0,43 

2,98

0,55 

2,68

Current ratio

2,97

0,43 

3,17

0,55 

2,88

Equity / balance total

0,73

0,41 

0,71

0,43 

0,68

Net result

369.028

108.000 

280.680

 

 

Publications

 

Deposits

03-07-2017: De jaarrekening over 2016 (gebroken boekjaar) is gepubliceerd.
16-05-2017: De jaarrekening over 2015 (gebroken boekjaar) is gepubliceerd.
04-05-2015: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
02-05-2014: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.

Functions

18-03-2015: Per 11-03-2015 is bestuurder 02061914 Reider Shipping B.V. in functie getreden.
18-03-2015: Per 11-03-2015 is bestuurder 50528254 EPC Group B.V. uit functie getreden.

 

 

Company structure

 

Relations

8

Company

Registration number

Hermann Buss GmbH & Cie (D 26780 Leer)

| - - Reider Shipping B.V. (Winschoten)

02061914  

| - - | - - CB Shipping Holding B.V. (Winschoten)

53915984  

| - - | - - Amstel Trader Beheer B.V. (WINSCHOTEN) - Default

02080974  

| - - | - - Schelde Trader Beheer B.V. (WINSCHOTEN)

02080542  

| - - | - - IJssel Trader Beheer B.V. (WINSCHOTEN)

02080234  

| - - | - - Vliet Trader Beheer B.V. (WINSCHOTEN) - Default

01130632  

| - - | - - Vecht Trader Beheer B.V. (WINSCHOTEN) - Default

01130628  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.21

Euro

1

INR 79.88

Euro

1

INR 78.98

 

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)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.