MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
S.V.Z. International B.V. |
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Registered Office : |
Oude Kerkstraat 8, 4878 AA Etten-Leur |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/10/1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Growing, or
having grown of, buying, selling, processing and working of and trade in agricultural
products and alimentary products; participating in, managing of, financing of, etc. other companies. |
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 : |
Slow but correct |
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Litigation : |
Clear |
name & address
S.V.Z.
International B.V.
Oude Kerkstraat 8
4878 AA ETTEN-LEUR
Tel. : + 31 (0)76-5049494
Fax. : + 31
(0)76-5049400
Legal status
BV Private Company Ltd.
acc. nat. law
Founded
01/10/1988, Ltd. since
15/12/1989
Trade register
20067726
Capital
nominal EUR 68.067.032,--
issued and paid up EUR 25.350.885,--
Management
M.J.M. vd Ven, born 25/07/1954, Wezemaal 7,
4741 ET HOEVEN
Activity
Growing, or
having grown of, buying, selling, processing and working of and trade in agricultural
products and alimentary products; participating in, managing of, financing of, etc. other companies.
Branch[es]:
-S.V.Z.
International B.V,
Waalbandijk
115 , 6669 MG DODEWAARD
Staff
353 employees
from the consolidated
balance sheet of S.V.Z. Industrial Products BV
2005 Euro 128.864.000
2004 Euro 132.067.000
2003 Euro 131.215.000
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
-S.V.Z.
Industrial Products BV,
Oude Kerkstraat 8, 4878 AA ETTEN LEUR
Subsidiary[ies]:
-GSV Baarland BV,
Oude Dierikpolder Weg 1, 4435 NE BAARLAND
-Cositra BV,
Oude Kerkstraat 8, 4878 AA ETTEN LEUR
-Vinks Conservenfabrieken BV,
Waalbandijk 115, 6669 MG DODEWAARD
Ultimate parent company
-van Wagenberg
Holding BV,
Cosunpark 1,
4814 ND BREDA.Previous name of the company:
-Promni Trade
Group BV
The next
financial data is extracted from the consolidated balance sheet of 'S.V.Z. Industrial Products BV '
Consolidated net result:
2005 Euro 2.768.000
2004 Euro 3.112.000
2003 Euro 3.043.000
The shareholders equity was as of:
31/12/2005 Euro 44.610.000
31/12/2004 Euro 50.441.000
31/12/2003 Euro 45.452.000
The working
capital was as of:
31/12/2005 Euro 18.250.000
31/12/2004 Euro 35.672.000
31/12/2003 Euro 26.154.000
A declaration
of liability has been issued by S.V.Z. Industrial
Products B.V.
Website: http://www.svz.com/
Correspondence-address:
POSTBUS 27
4870 AA
ETTEN-LEUR
Phone and fax
numbers as suggested by you are also of subject matter.
Banks
ING Bank
VAT-nr.
NL005928941B01
Mode of payment
On average 20 days beyond
terms.
Credit demand
No objections against
entering into a business relationship.
The following
financial data is retrieved from the consolidated balance sheet of :
S.V.Z. Industrial Products BV
Oude Kerkstraat, 4878AA ETTEN LEUR
Trade register 20023407
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S.V.Z. Industrial Products BV *** BALANCE SHEET ***
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 5 28
Tangible assets 28.950 36.793
Financial assets 330 494
Miscellaneous fixed assets 0 0
Total fixed
assets 29.285 37.315
Stock 44.597 63.547
Receivables 18.794 26.924
Shares 0 0
Liquid assets 6.109 2.714
Miscellaneous current assets 0 0
Total current
assets 69.500 93.185
Shareholders
equity 50.441 44.610
Provisions 6.699 5.466
Long-term liabilities 7.816 5.489
Current liabilities 33.828 74.935
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 98.784 130.500
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S.V.Z. Industrial Products BV *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 132.067 128.864
Other income 907 318
Total expenses 125.139 131.947
Operating profit 5.047 5.525
Balance financial P/L -1.169 -1.446
Net profit/loss 1] 3.878 4.079
Taxation 766 1.321
Share in P/L of subsidiaries 0 10
Net profit/loss 2] 3.112 2.768
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 3.112 2.768
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Legend : 1]
= Before tax
2]
= After tax
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S.V.Z. Industrial
Products BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 51,1 34,2
Equity/outside
capital 104,3 51,9
LIQUIDITY
Current ratio 2,1 1,2
Acid test 0,7 0,4
RATES OF RETURN %
Total assets 3,9 3,1
Shareholders equity 7,7 9,1
Pre tax margin % 2,9 3,2
Turnover rate 133,7 98,7
(x 1.000) (x 1.000)
-------------------- --------------------
Working capital 35.672 18.250
Shareholders equity + Equalization acc. 50.441 44.610
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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%)