MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DKSH |
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Registered Office : |
Vogelaarsweg 23, 3313 Ll
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Country : |
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Financials (as on) : |
31.12.2006 |
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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 : |
Trade in and processing of cereals, grains, pulses and related articles (wholesale, import and export). |
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 20 days beyond terms |
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Litigation : |
Clear |
name & address
DKSH
Vogelaarsweg 23
3313 LL
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
Trade in and processing of cereals, grains, pulses and related articles (wholesale, import and export).
Holding company.
Branch[es]
-DKSH
Fermiweg 41, 3542 CB
Trade name
-DKSH
-DKSH LenesanPoortman
Staff
195 employees
from the consolidated balance sheet of
2006 Euro 104.646.000
2005 Euro 103.146.000
2004 Euro 101.949.000
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
Vogelaarsweg 23, 3313 LL
Previous name of the
company:
-
-
The next financial data is extracted from the consolidated balance
sheet of '
Consolidated net result:
2006 Euro 1.201.000
2005 Euro (1.870.000)
2004 Euro (1.173.000)
The shareholders equity was as of:
31/12/2006 Euro 7.619.000
31/12/2005 Euro 6.418.000
31/12/2004 Euro 10.032.000
The working capital was
as of:
31/12/2006 Euro 5.671.000
31/12/2005 Euro 5.964.000
31/12/2004 Euro 4.842.000
Ultimate parent company:
- D.K.S.H. Holding AG,
D,
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
and : www.hollanddiervoeders.com
Correspondence address:
Postbus 889
3300 AW
Style as suggested by you is the former one.
Banks
Fortis Bank,
VAT-nr.
NL001863149B01
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 :
Vogelaarsweg, 3313LL
Trade register 23057780
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Consolidated in Euro(x 1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 191 469
Tangible assets 8.149 10.104
Financial assets 777 350
Miscellaneous fixed assets 0 0
Total fixed assets 9.117 10.923
Stock 10.533 13.263
Receivables 9.289 11.024
Shares 0 0
Liquid assets 316 109
Miscellaneous current assets 0 0
Total current assets 20.138 24.396
Shareholders equity 6.418 7.619
Provisions 3.677 2.422
Long-term liabilities 4.986 6.553
Current liabilities 14.174 18.725
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 29.255 35.319
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Consolidated
in Euro(x 1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 103.146 104.646
Other
income 0 0
Total
expenses 103.504 102.827
Operating
profit -358 1.819
Balance
financial P/L -491 -527
Net
profit/loss 1] -849 1.292
Taxation 880 0
Share
in P/L of subsidiaries -141 -91
Net
profit/loss 2] -1.870 1.201
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 -1.870 1.201
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Legend
: 1] = Before tax
2] = After tax
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-----2005----- -----2006-----
EQUITY %
Equity
gearing 21,9 21,6
Equity/outside
capital 28,1 27,5
LIQUIDITY
Current
ratio 1,4 1,3
Acid
test 0,7 0,6
RATES
OF RETURN %
Total
assets -2,9 3,7
Shareholders equity -13,2 17
Pre
tax margin % -0,8 1,2
Turnover
rate 352,6 296,3
(x 1.000) (x 1.000)
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Working
capital 5.964 5.671
Shareholders equity + Equalization acc. 6.418 7.619
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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%)