MIRA
INFORM REPORT
|
Report Date : |
21st
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
CONCORDIA
TRADING BV |
|
|
|
|
Registered Office : |
Nidera Handelscompagnie BV Willemsplein492,
3016 DR ROTTERDAM |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31/09/2005 |
|
|
|
|
Date of Incorporation : |
07/07/1982 |
|
|
|
|
Legal Form : |
BV
Private Company Ltd. acc. nat. law |
|
|
|
|
Line of Business : |
Wholesalers
business in cereals, seeds, vegetable oils, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
NAME
Concordia Trading BV
Legal status
BV
Private Company Ltd. acc. nat. law
Founded
07/07/1982
as Ltd.
Trade register
24145844
Capital
Nominal EUR 11.375.000,--
Issued and paid up EUR 2.275.000,--
Management
Evert Schimmel, born 31/10/1954, Holevoetplein 280-A, SCHERPENZEEL GLD
J.J. Salzer Levi, born 03/10/1954, Harstenhoekweg 208, DEN HAAG
Activity
Wholesale business in cereals, seeds, vegetable oils, etc.
Staff
No other employees
Real estate
The business premises at the mentioned address has been rented by the
company, as far as we know.
Finances
See enclosure.
Remarks
A declaration of liability has been issued by Nidera Handelscompagnie
BV.
According to the balance sheet of
2005 Nidera Handelscompagnie BV is the sole shareholder. This is not on record
at the Chamber of Commerce.
Banks
ABN-AMRO NV, DIT BETREFT EEN DOLLAR R,
42.33.46.245
ABN-AMRO NV, DIT BETREFT EEN EURO REK,
53.05.81.973
VAT-nr.
NL006323741B01
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 70.000
is advised
The following financial data is
retrieved from the consolidated balance sheet of :
Nidera Handelscompagnie BV
Willemsplein492, 3016 DR ROTTERDAM
Trade register 24145844
----------------------------------------------------------------------------------------------------------------
Nidera Handelscompagnie BV *** BALANCE SHEET ***
Consolidated in american dollars(x 1) american dollars(x 1.000)
---30-09-2004--- ------30-9-2005---
Intangible assets 0 3.000
Tangible assets 15.047.798 15.076
Financial assets 12.600.239 21.060
Miscellaneous fixed assets 0 0
Total fixed assets 27.648.037 39.136
Stock 194.732.260 227.928
Receivables 163.173.028 181.306
Shares 0 0
Liquid assets 17.111.886 8.509
Miscellaneous current assets 0 0
Total current assets 375.017.174 417.743
Shareholders equity 136.285.842 123.426
Provisions 3.099.658 2.580
Long-term liabilities 393.978 4.054
Current liabilities 262.186.925 326.134
Minority interests 698.808 685
Miscellaneous liabilities 0 0
Total liabilities 402.665.211 456.879
Nidera Handelscompagnie BV
*** PROFIT & LOSS
ACCOUNT ***
Consolidated in american dollars(x 1) american dollars(x 1.000)
---30-09-2004--- ------30-9-2005---
Turnover 4.286.402.989 3.761.421
Other income 0 0
Total expenses 4.260.246.346 3.769.754
Operating profit 26.156.643 -8.333
Balance financial P/L 354.945 -7.947
Net profit/loss 1] 26.511.588 -16.280
Taxation 2.632.518 -3.834
Share in P/L of subsidiaries 112.964 0
Net profit/loss 2] 23.992.034 -12.446
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests -112.964 -18
Miscellaneous P/L 0 0
Net result 24.104.998 -12.428
----------------------------------------------------------------------------------------------------------------
Legend : 1] =
Before tax
2]
= After tax
Nidera Handelscompagnie BV
*** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 34 27,2
Equity/outside capital 51,2 37
LIQUIDITY
Current ratio 1,4 1,3
Acid test 0,7 0,6
RATES OF RETURN %
Total assets 6,6 -3,6
Shareholders equity 19,4 -13,1
Pre tax margin % 0,6 -0,4
Turnover rate 64,5 823,3
(x
1) (x 1.000)
-------------------- --------------------
Working capital 112.830.249 91.609
Shareholders equity +
Equalization acc. 136.984.650 124.111
----------------------------------------------------------------------------------------------------------------
End of report
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |