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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

511105

Report Date :

28.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

XPOL B.V.

 

 

Registered Office :

Kruizemuntweg 27, 1435DD Rijsenhout

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2017

 

 

Date of Incorporation :

02.10.2002

 

 

Com. Reg. No.:

KvK-nummer: 27193401

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Agents involved in the sale of agricultural raw materials, live animals, textile raw materials

·         The exploitation of a platform in the field of retail trade (offering flowers and plants)

 

 

No. of Employees :

1

 

 

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

 

Maximum Credit Limit :

Eur 400.000

 

 

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

 

Summary

 

Company name

Xpol B.V.

Operative address

Kruizemuntweg 27
1435DD Rijsenhout
Netherlands

Credit limit

EUR 400.000

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 27193401

VAT-number

811600014

European VAT-number

NL811600014B01

Year

2017

Mutation

2016

Mutation

2015

Fixed assets

341.002

130,34 

148.045

-21,31 

188.133

Total receivables

2.235.783

18,13 

1.892.637

19,80 

1.579.862

Total equity

2.034.382

30,55 

1.558.361

28,38 

1.213.908

Short term liabilities

2.784.207

20,83 

2.304.321

10,44 

2.086.407

Working capital

1.693.380

20,07 

1.410.316

37,49 

1.025.775

Quick ratio

1,54

-1,28 

1,56

8,33 

1,44

 

 

Contact information

 

Company name

Xpol B.V.

Trade names

Xpol B.V.

Operative address

Kruizemuntweg 27
1435DD Rijsenhout
Netherlands

Correspondence address

Kruizemuntweg 27
1435DD Rijsenhout
Netherlands

 

Mobile number

06-29053868

Website

www.xpolplatform.com

 

 

Registration

 

Registration number

KvK-nummer: 27193401

Branch number

000019443021

VAT-number

811600014

European VAT-number

NL811600014B01

Status

Active

First registration company register

2002-10-02

Memorandum

2002-10-02

Establishment date

2000-11-01

 

Legal form

Private Limited Company

Legal person since

2002-10-02

Issued placed capital

EUR 36.800

Paid up share capital

EUR 36.800

 

 

Activities

 

SBI

4611: Agents involved in the sale of agricultural raw materials, live animals, textile raw materials

Exporter

No

Importer

Yes

 

Goal

The exploitation of a platform in the field of retail trade (offering flowers and plants)

 

 

Relations

 

Companies on same address

Xpol Investments B.V.
Registration number: 27253583

 

OG Kruizemunt B.V.
Registration number: 69913420

 

 

Real Estate

 

Details operative address

Surface area: 6932 m2
Purpose: Industrial function
Construction year: 1992
Status: Building in use
Under investigation: No

 

 

Management

 

Active management

Pouwelsz B.V.
Insulindeweg 7
2612EL DELFT
Netherlands
Registration number: 51787768
Competence: Jointly authorized
Function: Manager
Starting date: 2011-03-22

 

S.R. Flaen Stein Rune
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2015-01-15
Date of birth: 1956-11-24, Østre Toten, NO
Involved with the following companies:

Nature's Management B.V.
Honderdland 611
2676LV MAASDIJK
Netherlands
Registration number: 27194661
Function: Manager
Starting date: 2017-09-01

 

W. Holen Wenche
Netherlands
Competence: Jointly authorized
Function: Chairman
Starting date: 2015-01-15
Date of birth: 1964-12-21, Lillehammer, NO

 

R.M. Aukes Richard Marcel
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2010-11-15
Date of birth: 1979-03-26, Haarlem, NL

 

T.J. Vermeer Thomas Johannes
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2016-01-01
Date of birth: 1967-08-01, De Lier, NL
Involved with the following companies:

Pouwelsz B.V.
Insulindeweg 7
2612EL DELFT
Netherlands
Registration number: 51787768
Function: Manager
Starting date: 2011-02-03

Management

Name: VDG Advisory LIMITED
Office address: 4 Abbey Orchard Street, Westminister SW1 2HT London, United Kingdom
Registered in: Companies Registration Office Cardiff, United Kingdom with registration number 9593802
date in function: 01-01-2016 (date Registration type: 10-05-2016)
Titel: Manager B
Authorization: Jointly authorized (met andere Manager(s), zie statuten)

 

 

Employees

 

Year

2018

2017

2016

2015

2014

Annual

23

20

16

13

Chamber of Commerce

1

1

 

 

Payments

 

Description

Regular

 

Payments within industry

Last quarter

Last year

Average payment period (days)

66

42

Average delay (days)

50

27

 

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q2

52,00%

42,00%

3,00%

0,00%

0,00%

2,00%

2018 Q1

56,00%

30,00%

7,00%

4,00%

2,00%

2,00%

2017 Q4

45,00%

46,00%

6,00%

1,00%

1,00%

2,00%

2017 Q3

25,00%

20,00%

7,00%

0,00%

24,00%

24,00%

2017 Q2

39,00%

42,00%

9,00%

9,00%

0,00%

0,00%

 

 

Key figures

 

Year

2017

2016

2015

2014

2013

Quick ratio

1,54

1,56

1,44

1,45

1,24

Current ratio

1,61

1,61

1,49

1,50

1,26

Working capital/ balance total

0,35

0,37

0,31

0,30

0,17

Equity / balance total

0,42

0,40

0,37

0,40

0,35

Equity / Fixed assets

5,97

10,53

6,45

3,96

1,95

Equity / liabilities

0,73

0,68

0,58

0,66

0,54

Balance total / liabilities

1,73

1,68

1,58

1,66

1,54

Working capital

1.693.380

1.410.316

1.025.775

715.077

269.484

Equity

2.034.382

1.558.361

1.213.908

956.279

553.240

Mutation equity

30,55

28,38

26,94

72,85

6,25

Mutation short term liabilities

20,83

10,44

44,47

41,18

22,45

Summary

The 2017 financial result structure is a postive working captial of 1.693.380 euro, which is in agreement with 35 % of the total assets of the company.
The working capital has increase with 20.07 % compared to previous year. The ratio with respect to the total assets of the company has however, declined.
The improvement between 2016 and 2017 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2017 was 1.61. 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 1.54. 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 1.410.316 euro, which is in agreement with 37 % of the total assets of the company.
The working capital has increased with 37.49 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2015 and 2016 has mainly been caused by a change of the current assets.
The current ratio of the company in 2016 was 1.61. 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 1.56. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

 

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

Xpol B.V.
Kruizemuntweg 27
1435DD Rijsenhout
Netherlands
Registration number: 27193401

 

 

Balance

 

Year

2017

2016

2015

2014

2013

End date

2017-12-31

2016-12-31

2015-12-31

2014-12-31

2013-12-31

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Intangible fixed assets

3.677

5.615

7.553

9.491

Tangible fixed assets

337.325

141.143

179.293

230.424

271.450

Financial fixed assets

1.287

1.287

1.287

12.306

Fixed assets

341.002

148.045

188.133

241.202

283.756

Total stock

181.128

123.440

103.578

65.382

23.006

Total receivables

2.235.783

1.892.637

1.579.862

1.447.912

832.228

Liquid funds

2.060.676

1.698.560

1.428.742

645.916

437.165

Current assets

4.477.587

3.714.637

3.112.182

2.159.210

1.292.399

Total assets

4.818.589

3.862.682

3.300.315

2.400.412

1.576.155

Issued capital

36.800

36.800

36.800

36.800

36.800

Share premium reserve

841.200

841.200

841.200

841.200

841.200

Other reserves

1.156.382

680.361

335.908

78.279

-324.760

Total reserves

1.997.582

1.521.561

1.177.108

919.479

516.440

Total equity

2.034.382

1.558.361

1.213.908

956.279

553.240

Short term liabilities

2.784.207

2.304.321

2.086.407

1.444.133

1.022.915

Total short and long term liabilities

2.784.207

2.304.321

2.086.407

1.444.133

1.022.915

Total liabilities

4.818.589

3.862.682

3.300.315

2.400.412

1.576.155

Summary

The total assets of the company increased with 24.75 % between 2016 and 2017.
The total asset increase is retrievable in the fixed asset growth of 130.34 %.
The asset growth has mainly been financed by a Net Worth increase of 30.55 %. Debt, however, grew with 20.83 %.
In 2017 the assets of the company were 7.08 % composed of fixed assets and 92.92 % by current assets. The assets are being financed by an equity of 42.22 %, and total debt of 57.78 %.

The total assets of the company increased with 17.04 % between 2015 and 2016.
Despite the assets growth, the non current assets decreased with -21.31 %.
The asset growth has mainly been financed by a Net Worth increase of 28.38 %. Debt, however, grew with 10.44 %.
In 2016 the assets of the company were 3.83 % composed of fixed assets and 96.17 % by current assets. The assets are being financed by an equity of 40.34 %, and total debt of 59.66 %.

 

 

Analysis

 

Branch (SBI)

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials (SBI code 4611)

Region

Groot-Amsterdam

Summary

In the Netherlands 1771 of the companies are registered with the SBI code 4611
In the region Groot-Amsterdam 111 of the companies are registered with the SBI code 4611
In the Netherlands 2 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 Low
The risk of this specific sector in the region Groot-Amsterdam is Low

Year

2017

Company

2016

Company

2015

Equity

1.597.061

2.034.382 

1.984.059

1.558.361 

1.858.229

Working capital

1.111.943

1.693.380 

1.158.282

1.410.316 

1.120.917

Balance total

3.770.621

4.818.589 

3.837.891

3.862.682 

3.552.259

Quick ratio

1,29

1,54 

1,36

1,56 

1,44

Current ratio

1,64

1,61 

1,55

1,61 

1,82

Equity / balance total

0,37

0,42 

0,35

0,40 

0,39

 

 

Publications

 

Deposits

24-04-2018: De jaarrekening over 2017 is gepubliceerd.
07-09-2017: De jaarrekening over 2016 is gepubliceerd.
23-03-2017: De jaarrekening over 2015 is gepubliceerd.
29-06-2015: De jaarrekening over 2014 is gepubliceerd.
22-01-2015: De jaarrekening over 2013 is gepubliceerd.
16-01-2014: De jaarrekening over 2012 is gepubliceerd.

Functions

11-05-2016: Per 01-01-2016 is bestuurder VDG Advisory Limited Verenigd Koninkrijk in functie getreden.
05-05-2016: Per 01-09-2015 is bestuurder Nico Johannes Kalkdijk uit functie getreden.
05-05-2016: Per 01-01-2016 is bestuurder Meris Holdings Limited Seychellen uit functie getreden.
05-05-2016: Per 01-01-2016 is gevolmachtigde Thomas Johannes Vermeer in functie getreden.
30-01-2015: Per 15-01-2015 is bestuurder Wenche Holen in functie getreden.
30-01-2015: Per 15-01-2015 is bestuurder Nico Johannes Kalkdijk in functie getreden.
27-01-2015: Per 15-01-2015 is bestuurder Stein Rune Flaen in functie getreden.

Other

27-01-2015: Per 15-1-2015 is de bevoegdheid van Bestuurder Meris Holdings Limited Seychellen gewijzigd.
27-01-2015: Per 15-1-2015 is de bevoegdheid van Bestuurder 51787768 Pouwelsz B.V. gewijzigd.
27-01-2015: Per 15-1-2015 statuten gewijzigd.

 

 

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.