MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Doens Food Ingredients B.V. |
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Registered Office : |
Oranjestraat 40A, 4515 Ca Ijzendijke |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/01/1920 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business and retail trade in, import and export of
agricultural products, feed, fodder, cereals, grains, etc. |
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 : |
Average 15 days beyond terms |
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Litigation : |
Clear |
name & address
Doens Food Ingredients B.V.
Oranjestraat 40A
4515 CA IJZENDIJKE
Tel. : +31 (0)117-302020
Fax. : +31 (0)117-301811
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/01/1920, Ltd. since 29/05/2001
Trade register
22048339
Capital
nominal EUR 91.000,--
issued and paid up EUR 18.200,--
Management
-Doens Holding BV,
Oranjestraat 40A, 4515 CA
IJZENDIJKE
Activity
Wholesale business and retail trade in, import and export of
agricultural products, feed, fodder, cereals, grains, etc. Grain mill.
Staff
20 employees
Real estate
The business premises
at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Doens Holding BV,
Oranjestraat 40A, 4515 CA IJZENDIJKE
The next financial
data is extracted from the consolidated balance sheet of 'Doens Holding BV '
The shareholders equity was as of:
31/12/2005 Euro 836.536
31/12/2004 Euro 1.079.328
The working capital was as of:
31/12/2005 Euro 2.025.739
31/12/2004 Euro 715.644
Website: www.doensfood.com
A declaration
of liability has been issued by Doens Holding BV
Banks
ABN-AMRO NV
Mode
of payment
On average 15 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 :
Doens Holding BV
Oranjestraat,
4515CA IJZENDIJKE
Trade register 21000536
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Doens Holding BV
*** BALANCE SHEET ***
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible
assets 1.171.405 1.135.224
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 1.171.405 1.135.224
Stock 5.329.831 5.935.769
Receivables 2.529.934 3.139.088
Shares 0 0
Liquid
assets 69.869 36.172
Miscellaneous
current assets 0 0
Total current assets 7.929.634 9.111.029
Shareholders equity 1.079.328 836.536
Provisions 323.204 403.467
Long-term
liabilities 484.517 1.920.960
Current
liabilities 7.213.990 7.085.290
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 9.101.039 10.246.253
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Doens
Holding BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity
gearing 11,9 8,2
Equity/outside
capital 13,5 8,9
LIQUIDITY
Current
ratio 1,1 1,3
Acid
test 0,4 0,4
RATES
OF RETURN %
Total
assets 0 0
Shareholders equity 0 0
Pre
tax margin % 0 0
Turnover
rate 0 0
(x 1) (x 1)
------------------- - --------------------
Working
capital 715.644 2.025.739
Shareholders equity + Equalization acc. 1.079.328 836.536
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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. |
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%)