MIRA
INFORM REPORT
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Report Date : |
21.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
A.L. Hoogesteger Fresh Specialist B.V. |
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Registered Office : |
Domineeslaan 93, 1161 Bw Zwanenburg |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
31/05/1990 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale in fresh fruit juices and vegetables and potatoes; holding
and investment company. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
A.L. Hoogesteger
Fresh Specialist B.V.
Domineeslaan 93
1161 BW ZWANENBURG
Tel. : +31 (0)20-4073000
Fax. : +31
(0)20-4073002
Legal status
BV Private Company Ltd. acc. nat. law
Founded
31/05/1990 as Ltd.
Trade register
34065005
Capital
nominal EUR 91.000,--
issued and paid up EUR 18.000,--
Management
Michael Antonius Maria van 't Hek, born 28/05/1973, 2e Boerhaavestraat 64-3, 1019 AP AMSTERDAM Freek Rijna, born 21/09/1955, Hertenlaan 31, 3734 CE DEN DOLDER
Activity
Wholesale in fresh fruit juices and
vegetables and potatoes; holding and
investment company.
Staff
15 employees
from the consolidated balance sheet of
Friesland Foods BV
2004
Euro 3.170.200.000
2003
Euro 3.284.700.000
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
Remarks
Subsidiary
company of
-Friesland Foods BV,
Blankenstein 142, 7943 PE MEPPEL
Ultimate parent company
-Zuivelcooperatie de Zeven Provincien U.A.,
Blankenstein 142, 7943 PE MEPPEL.
The next financial data is extracted from the consolidated
balance sheet of 'Friesland Foods BV '
Consolidated net result:
2005 Euro 34.500.000
2004 Euro 25.100.000
2003 Euro (13.800.000)
The shareholders equity
was as of:
31/12/2005 Euro 544.400.000
31/12/2004 Euro 488.500.000
31/12/2003 Euro 463.400.000
The working capital was
as of:
31/12/2005 Euro (374.500.000)
31/12/2004 Euro (14.100.000)
31/12/2003 Euro 4.700.000
A declaration of liability has been issued by Friesland Foods BV.
Website: www.hoogesteger.nl
Email: hogesteger@fddg.nl
Banks
Rabobank, UTRECHT
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The following financial data is retrieved from the consolidated balance sheet of :
Friesland Foods BV
Blankenstein, 7943PE MEPPEL
Trade register 01070162
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Friesland Foods BV *** BALANCE SHEET ***
Consolidated in Euro(x 1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 292.700 315.900
Tangible assets 548.900 576.700
Financial assets 175.800 83.800
Miscellaneous fixed assets 0 5.900
Total fixed assets 1.017.400 982.300
Stock 270.900 285.100
Receivables 325.900 311.000
Shares 0 88.200
Liquid assets 31.400 41.600
Miscellaneous current assets 0 23.200
Total current assets 628.200 749.100
Shareholders equity 488.500 544.400
Provisions 67.800 0
Long-term liabilities 447.000 63.400
Current liabilities 642.300 1.123.600
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 1.645.600 1.731.400
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Friesland Foods BV *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x 1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 3.170.200 0
Other income 3.100 0
Total expenses 3.104.500 3.017.900
Operating profit 70.300 65.400
Balance financial P/L -30.900 -16.300
Net profit/loss 1] 39.400 49.100
Taxation 14.300 14.600
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 25.100 34.500
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 25.100 34.500
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Legend : 1] = Before tax
2] = After tax
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Friesland Foods BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 29,7 31,4
Equity/outside capital 42,2 45,9
LIQUIDITY
Current ratio 1 0,7
Acid test 0,6 0,4
RATES OF RETURN %
Total assets 2,4 2,8
Shareholders equity 8,1 9
Pre tax margin % 1,2 0
Turnover rate 192,6 0
(x 1.000) (x 1.000)
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Working capital -14.100 -374.500
Shareholders equity + Equalization acc. 488.500 544.400
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)