MIRA
INFORM REPORT
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Report Date : |
31.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Oukro B.V. |
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Registered Office : |
Laan Van Malkenschoten 90, 7333 NP |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/10/1969 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in and processing/working of hides into
wetblue. |
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 5 days beyond terms |
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Litigation : |
Clear |
name & address
Oukro B.V.
Laan Van
Malkenschoten 90
7333 NP
Tel.:+31
(0)55-5492190
Fax.:+31
(0)55-5428137
Legal status
BV Private Company Ltd.
acc. nat. law
Founded
01/10/1969, Ltd. since
01/07/1974
Trade register
08027400
Capital
nominal EUR 45.000,--
issued and paid up EUR 18.000,--
Management
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Jhr. Dr. Sandbergweg 7,
Activity
Wholesale business in
and processing/working of hides into wetblue.
Staff
20 employees
from the
consolidated balance sheet of
2005 Euro 1.517.596.000
2004 Euro 1.560.793.000
2003 Euro 866.981.000
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
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Jhr. Dr.
Sandbergweg 7,
Ultimate parent company
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Nijverheidsweg 11, 3641 RP MIJDRECHT.
The next
financial data is extracted from the consolidated balance sheet of '
Consolidated
net result:
2005 Euro 6.964.000
2004 Euro 28.849.000
2003 Euro 25.730.000
The
shareholders equity was as of:
31/12/2005 Euro 183.279.000
31/12/2004 Euro 176.315.000
31/12/2003 Euro 165.466.000
The working
capital was as of:
31/12/2005 Euro 125.202.000
31/12/2004 Euro 139.569.000
31/12/2003 Euro 120.517.000
A declaration
of liability has been issued by the ultimate parent
company.
Correspondence
address:
Postbus 20274, 7302 HG
Website: http://www.oukro.nl/
Banks
ING Bank,
Mode of payment
On average 5 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 :
Nijverheidsweg,
3641RP MIJDRECHT
Trade register 30139207
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Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 872 436
Tangible assets 107.234 109.335
Financial assets 2.809 2.007
Miscellaneous fixed assets 0 0
Total fixed
assets 110.915 111.778
Stock 198.073 207.232
Receivables 280.631 289.927
Shares 0 0
Liquid assets 1.963 2.157
Miscellaneous current assets 0 0
Total current
assets 480.667 499.316
Shareholders
equity 176.315 183.279
Provisions 23.939 16.283
Long-term liabilities 49.960 37.104
Current liabilities 341.098 374.114
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 591.582 611.094
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Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 1.560.793 1.517.596
Other income 0 0
Total expenses 1.516.847 1.511.946
Operating profit 55.780 19.956
Balance financial P/L -10.313 -8.886
Net profit/loss 1] 45.467 11.070
Taxation 16.618 4.106
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 28.849 6.964
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 28.849 6.964
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Legend : 1]
= Before tax
2]
= After tax
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-----2004----- -----2005-----
EQUITY %
Equity
gearing 29,8 30
Equity/outside
capital 42,5 42,8
LIQUIDITY
Current
ratio 1,4 1,3
Acid
test 0,8 0,8
RATES
OF RETURN %
Total
assets 7,7 1,8
Shareholders equity 25,8 6
Pre
tax margin % 2,9 0,7
Turnover
rate 263,8 248,3
(x 1.000) (x 1.000)
-------------------- --------------------
Working
capital 139.569 125.202
Shareholders equity + Equalization acc. 176.585 183.593
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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%)