MIRA
INFORM REPORT
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Report Date : |
20.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Van Ruiten Meattrading B.V. |
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Registered Office : |
Gardenierslaan 3, 7314 CS Apeldoorn |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
04/01/1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in meat and meat products (frozen pork and beef
meat). |
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 : |
15 days beyond terms |
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Litigation : |
Clear |
name & address
Van Ruiten Meattrading B.V.
Gardenierslaan 3
7314 CS APELDOORN
Tel.:+31 (0)55-3554544
Fax.:+31 (0)55-3557473
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
04/01/1999 as Ltd.
Trade
register
08080222
Capital
Nominal EUR 2.725.000,--
issued and
paid up EUR 545.000,--
Management
F.A. Byvoet, born
01/01/1961, Handweg 31B, 1185 TS AMSTELVEEN
C.G.V. Wendt, born 12/04/1967,
Ferguutgaarde 14, 7329 BG APELDOORN
Activity
Wholesale business
in meat and meat products (frozen pork and beef meat).
Staff
4 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
-D.W. van Ruiten BV,
Laarstraat 6, 8166 GS EMST
Subsidiary[ies]:
-Van Ruiten Special Products BV,
Gardenierslaan
3, 7314 CS APELDOORN
The shareholders equity was as of:
31/12/2005 Euro 460.054
31/12/2004 Euro 406.784
31/12/2003 Euro 376.918
The working capital was as of:
31/12/2005 Euro 287.554
31/12/2004 Euro 396.932
31/12/2003 Euro 351.936
Website:www.vrmtrading.com
Mr. Fred
Tiggeloven is working in the purchasing department.
Correspondence address:
Postbus 424
7300 AK APELDOORN
Banks
ING Bank, Apeldoorn, 67.80.64.016
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
corporate balance sheet of :
Van Ruiten Meattrading B.V.
Gardenierslaan 3,
7314 CS APELDOORN
Trade register 08080222
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Van
Ruiten Meattrading B.V. *** BALANCE
SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 41.152 27.585
Financial assets 204.019 317.466
Miscellaneous fixed assets 0 0
Total fixed
assets 245.171 345.051
Stock 206.943 75.931
Receivables 924.938 826.418
Shares 0 0
Liquid assets 765 1.295
Miscellaneous current assets 0 0
Total current
assets 1.132.646 903.644
Shareholders
equity 406.784 460.054
Provisions 35.319 22.551
Long-term liabilities 200.000 150.000
Current liabilities 735.714 616.090
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.377.817 1.248.695
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Van
Ruiten Meattrading B.V. *** FINANCIAL
RATIOS ***
-----2004----- -----2005-----
EQUITY
%
Equity gearing 29,5 36,8
Equity/outside capital 41,9 58,3
LIQUIDITY
Current ratio 1,5 1,5
Acid test 1,3 1,3
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 396.932 287.554
Shareholders
equity + Equalization acc. 406.784 460.054
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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%)