MIRA INFORM REPORT

 

 

Report No. :

511908

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RUNI INDUSTRIES B.V.

 

 

Registered Office :

Park Forum 1005, 5657HJ Eindhoven

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2015

 

 

Date of Incorporation :

11.09.2019

 

 

Com. Reg. No.:

KvK-nummer: 58747427

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Import and export, sale and distribution of articles for the garden, including fencing, garden separation, riser material and the like

·         Wholesale of hardware (ironware and metal products)

·         Garden centres

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow 

 

 

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 Summary

 

Company name

RUNI Industries B.V.

Operative address

Park Forum 1005
5657HJ Eindhoven
Netherlands

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 58747427

VAT-number

853164459

European VAT-number

NL853164459B01

Year

2015

Mutation

2014

Fixed assets

99.647

208,27 

32.325

Total receivables

1.001.326

1.380,31 

67.643

Total equity

-33.985

-471,79 

9.141

Short term liabilities

869.626

262,89 

239.642

Working capital

245.073

702,97 

30.521

Quick ratio

1,18

4,42 

1,13

 

 

Contact information

 

Company name

RUNI Industries B.V.

Trade names

RUNI Industries B.V.

Operative address

Park Forum 1005
5657HJ Eindhoven
Netherlands

Correspondence address

Park Forum 1005
5657HJ Eindhoven
Netherlands

 

Telephone number

0406720101

 

 

Registration

 

Registration number

KvK-nummer: 58747427

Branch number

000028081803

VAT-number

853164459

European VAT-number

NL853164459B01

Status

Active

First registration company register

2013-09-12

Memorandum

2013-09-11

Establishment date

2013-09-11

 

Legal form

Private Limited Company

Issued placed capital

EUR 25.000

Paid up share capital

EUR 25.000

 

 

Activities

 

SBI

46741: Wholesale of hardware (ironware and metal products)
47762: Garden centres

Exporter

Yes

Importer

Yes

 

Goal

Import and export, sale and distribution of articles for the garden, including fencing, garden separation, riser material and the like

 

 

Relations

 

Shareholders

KEAA International PvT Ltd.
26 Ashok Vihar Near Rishi N
14001 Ludhiana, Punjab
India
Percentage: 100%

Shareholders

Naam: KEAA International PvT Ltd.
Bezoekadres: 26 Ashok Vihar, Near Rishi Nagar, 14001 Ludhiana, Punjab, India
Ingeschreven in: Registrar of Companies Jalandhar, India onder nummer 3010000332
Enig aandeelhouder sedert: 11-09-2013 (datum registratie: 12-09-2013)

 

 

Real Estate

 

Details operative address

Surface area: 1137 m2
Purpose: Industrial function
Construction year: 2010
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

R. Moudgil Raveesh
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2013-09-11
Date of birth: 1967-12-09, Ferozepur, IN

 

P.H.M. Demeijer Petrus Henricus Maria
Netherlands
Competence: Fully authorized
Function: Proxy
Starting date: 2013-09-11
Date of birth: 1954-03-13, 's-Gravenhage, NL

 

 

Employees

 

Year

2016

2015

2014

2013

Annual

2

2

Chamber of Commerce

1

1

1

1

 

 

Payments

 

Description

In accordance with payment condition

 

Payments within industry

Last quarter

Last year

Average payment period (days)

41

39

Average delay (days)

25

22

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

55,00%

33,00%

7,00%

1,00%

2,00%

3,00%

2018 Q1

47,00%

35,00%

9,00%

3,00%

1,00%

4,00%

2017 Q4

51,00%

36,00%

6,00%

2,00%

1,00%

4,00%

2017 Q3

50,00%

38,00%

5,00%

2,00%

3,00%

3,00%

2017 Q2

52,00%

35,00%

8,00%

2,00%

0,00%

2,00%

 

 

Key figures

 

Year

2015

2014

Quick ratio

1,18

1,13

Current ratio

1,28

1,13

Working capital/ balance total

0,20

0,10

Equity / balance total

-0,03

0,03

Equity / Fixed assets

-0,34

0,28

Equity / liabilities

-0,03

0,03

Balance total / liabilities

0,97

1,03

Working capital

245.073

30.521

Equity

-33.985

9.141

Mutation equity

-471,79

Mutation short term liabilities

262,89

Summary

The 2015 financial result structure is a postive working captial of 245.073 euro, which is in agreement with 20 % of the total assets of the company.
The working capital has increased with 702.97 % 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 1.28. 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 1.18. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

The 2014 financial result structure is a postive working captial of 30.521 euro, which is in agreement with 10 % of the total assets of the company.
The current ratio of the company in 2014 was 1.13. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2014 of the company was 1.13. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

 

Financial statement

 

Last annual account

2015

Remark annual account

Although the statutory period has expired, the company's annual reports are not yet published.

Type of annual account

Corporate

Annual account

RUNI Industries B.V.
Park Forum 1005
5657HJ Eindhoven
Netherlands
Registration number: 58747427

 

 

Balance

 

Year

2015

2014

End date

2015-12-31

2014-12-31

Type of annual account

Corporate

Corporate

Tangible fixed assets

99.647

32.325

Fixed assets

99.647

32.325

Total stock

88.097

Total receivables

1.001.326

67.643

Liquid funds

25.276

202.520

Current assets

1.114.699

270.163

Total assets

1.214.346

302.488

Issued capital

75.000

Other reserves

-33.985

-65.859

Total reserves

-33.985

-65.859

Total equity

-33.985

9.141

Long term interest yielding debt

378.705

53.705

Long term liabilities

378.705

53.705

Short term liabilities

869.626

239.642

Total short and long term liabilities

1.248.331

293.347

Total liabilities

1.214.346

302.488

Summary

The total assets of the company increased with 301.45 % between 2014 and 2015.
The fixed asset growth of 208.27 % is lower than the total asset growth.
Asset growth is in contrasts with the net worth decline of -471.79 %. The company's indebtedness has, therefore, increased with 325.55 %.
In 2015 the assets of the company were 8.21 % composed of fixed assets and 91.79 % by current assets. The assets are being financed by an equity of -2.8 %, and total debt of 102.8 %.

In 2014 the assets of the company were 10.69 % composed of fixed assets and 89.31 % by current assets. The assets are being financed by an equity of 3.02 %, and total debt of 96.98 %.

 

 

Analysis

 

Branch (SBI)

Garden centres (SBI code 47762)

Region

Zuidoost-Noord-Brabant

Summary

In the Netherlands 57002 of the companies are registered with the SBI code 47762
In the region Zuidoost-Noord-Brabant 2462 of the companies are registered with the SBI code 47762
In the Netherlands 406 of the bankrupcties are published within this sector
In the region Zuidoost-Noord-Brabant 11 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 Zuidoost-Noord-Brabant is High

Year

2015

Company

2014

Company

Equity

28.212

-33.985 

36.592

9.141 

Working capital

53.603

245.073 

37.371

30.521 

Balance total

230.080

1.214.346 

262.595

302.488 

Quick ratio

0,80

1,18 

0,80

1,13 

Current ratio

1,40

1,28 

1,42

1,13 

Equity / balance total

0,23

-0,03 

0,23

0,03 

 

 

Publications

 

Deposits

29-08-2016: De jaarrekening over 2014 is gepubliceerd.
29-08-2016: De jaarrekening over 2015 is gepubliceerd.

 

 

Company structure

 

Relations

2

Company

Registration number

KEAA International PvT Ltd. (14001 Ludhiana, Punjab)

| - - RUNI Industries B.V. (Eindhoven)

58747427  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

Euro

1

INR 79.01

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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.