MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
DKSH Netherlands B.V. |
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Registered Office : |
Vogelaarsweg 23, 3313 LL Dordrecht |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/01/1868 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and export and manufacture of and
wholesale business in cattle fodder. |
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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
DKSH Netherlands
B.V.
Vogelaarsweg 23
3313 LL DORDRECHT
Tel. : +31 (0)78-6220622
Fax. : +31
(0)78-6210669
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/01/1868, Ltd. since 22/11/1972
Trade register
23040795
Capital
nominal EUR 4.530.000,--
issued and paid up EUR 2.718.000,--
Management
J. Jansen, born 14/11/1942, Tormentilgaarde
6, 3436 JM NIEUWEGEIN
G. Tsering, born 03/03/1956, ZWITSERLAND
J.P. Meier, born 17/06/1967, Frederik
Hendriklaan 32, 2582 BC DEN HAAG
Commissioner
J. Wolle, born 19/04/1957, ZWITSERLAND
Activity
Import and export and manufacture of and wholesale
business in cattle fodder.
Branch[es]:
-DKSH Holland Diervoeders,
Fermiweg 41, 3542 CB UTRECHT
Trade name:
-DKSH Holland Diervoeders
-DKSH LenesanPoortman
Staff
195 employees
from the consolidated balance sheet of DKSH Benelux
BV
2005
Euro 103.146.000
2004
Euro 101.949.000
2003
Euro 112.476.000
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
-DKSH Benelux BV,
Vogelaarsweg 23, 3313 LL DORDRECHT
Previous name of the company:
-Lenersan Poortman BV
-SiberHegner LenersanPoortman BV
The next financial data is extracted from the consolidated
balance sheet of 'DKSH Benelux BV '
Consolidated net result:
2005 Euro (1.870.000)
2004 Euro (1.173.000)
2003 Euro 386.000
The shareholders equity was as of:
31/12/2005 Euro 6.418.000
31/12/2004 Euro 10.032.000
31/12/2003 Euro 11.205.000
The working capital was
as of:
31/12/2005 Euro 5.964.000
31/12/2004 Euro 4.842.000
31/12/2003 Euro 5.631.000
Ultimate parent company:
- D.K.S.H. Holding AG, Zurich - Switzerland.
D,K.S.H. Benelux BV has filed a declaration of liability.
Previously the subject was a part of the Swiss SiberHegner
concern.
Due to a merger with Diethelm Keller Services Asia Ltd.
SiberHegner has been abolished in the middle of June 2002.
Since that time the new formed company takes care of the
activities under the company style DKSH Holding Ltd.
Website: www.siberhegner.com
Correspondence address:
Postbus 889
3300 AW DORDRECHT
Banks
Fortis Bank, Rotterdam,
25.34.60.506
VAT-nr.
NL001863149B01
Mode of payment
On average 20 days beyond terms.
Credit demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 500.000
is advised
The following financial data is retrieved from the consolidated balance sheet of :
DKSH Benelux BV
Vogelaarsweg, 3313LL DORDRECHT
Trade register 23057780
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DKSH Benelux
BV *** BALANCE SHEET ***
Consolidated in Euro(x 1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 414 191
Tangible assets 9.078 8.149
Financial assets 917 777
Miscellaneous fixed
assets 0 0
Total fixed assets 10.409 9.117
Stock 11.060 10.533
Receivables 8.708 9.289
Shares 0 0
Liquid assets 111 316
Miscellaneous
current assets 0 0
Total current assets 19.879 20.138
Shareholders equity 10.032 6.418
Provisions 1.052 3.677
Long-term
liabilities 4.167 4.986
Current liabilities 15.037 14.174
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 30.288 29.255
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DKSH Benelux
BV *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x 1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 101.949 103.146
Other income 0 0
Total expenses 102.485 103.504
Operating profit -536 -358
Balance financial
P/L -615 -491
Net profit/loss 1] -1.151 -849
Taxation 26 880
Share in P/L of
subsidiaries 4 -141
Net profit/loss 2] -1.173 -1.870
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 -1.173 -1.870
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Legend : 1] = Before tax
2] = After
tax
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DKSH Benelux
BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 33,1 21,9
Equity/outside
capital 49,5 28,1
LIQUIDITY
Current ratio 1,3 1,4
Acid test 0,6 0,7
RATES OF RETURN %
Total assets -3,8 -2,9
Shareholders equity -11,5 -13,2
Pre tax margin % -1,1 -0,8
Turnover rate 336,6 352,6
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 4.842 5.964
Shareholders equity + Equalization acc. 10.032 6.418
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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%)