MIRA
INFORM REPORT
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Report Date : |
30.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIDERA HANDELSCOMPAGNIE BV |
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Registered Office : |
Willemsplein 492
3016 DR Rotterdam |
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Country : |
Netherlands |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
05.07.2000 |
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Legal Form : |
BV Private Company Ltd |
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Line of Business : |
Wholesale Business in and
Import and Export of Agricultural Products; |
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 : |
Regular |
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Litigation : |
Clear |
name & address
Nidera
Handelscompagnie BV
Willemsplein 492
3016 DR ROTTERDAM
Tel.:+31
(0)10-4301911
Fax.:+31
(0)10-4139767
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
05/07/2000, Ltd. since 12/07/2000
Trade
register
24307569
Capital
Nominal EUR 15.000.000,--
Issued and paid up EUR 3.000.000,--
Management
Antonius Johannes Franciscus Hoek, born
04/10/1951, Adriaan Volkersingel 5, 3361 HA SLIEDRECHT
Godefridus Louis Maria Arthur van Lanschot,
born 16/07/1949, Tapijtweg 1, 2597 KG DEN HAAG
Guido Schlösser, born 15/09/1963,
Woubrugseweg 29, 2401 LT ALPHEN AAN DEN RIJN
Hendrik Peter Wijnen, born 25/10/1965,
Pastoorstraat 15-17, 1411 SC NAARDEN
Activity
Wholesale business
in and import and export of agricultural products;
Holding company of
companies in this field, transport activities.
Staff
150 employees
Turnover
from the
consolidated balance sheet of Nidera Handelscompagnie BV
2004 US Dollar 4.286.402.989
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
-Nidera
Holdings BV,
Willemsplein 492, 3016 DR ROTTERDAM
Subsidiary[ies]:
-Transfeed BV,
Willemsplein 492, 3016 DR ROTTERDAM
-Biogas Nistelrode BV,
Willemsplein
492, 3016 DR ROTTERDAM
Ultimate
parent company
-Nidera
Capital BV,
Willemsplein
492, 3016 DR ROTTERDAM.
Previously
located:
-Nidera Handelscompagnie BV,
Meent 106, 3011 JR ROTTERDAM
The next
financial data is extracted
from the
consolidated balance sheet of
'Nidera
Handelscompagnie BV '
Consolidated
net result:
2006 US
Dollar 20.588.000
2005 US
Dollar (12.428.000)
2004 US
Dollar 24.104.998
The
shareholders equity was as of:
30/09/2006 US Dollar 145.673.000
30/09/2005 US Dollar 124.111.000
30/09/2004 US Dollar 136.984.650
The working
capital was as of:
30/09/2006 US Dollar 114.022.000
30/09/2005 US Dollar 91.609.000
30/09/2004 US Dollar 112.830.249
Correspondence
address:
Postbus 676
3000 AR
Rotterdam
The
operations first commenced during 1920, at that time under reg. nr.
KvK nr. 24043517.
Website : www.nidera.nl
Banks
ABN-AMRO Bank NV, 42.66.34.489
Rabobank
VAT-nr.
NL006323741B01
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the consolidated balance sheet of :
Nidera Handelscompagnie BV
BALANCE
SHEET
Consolidated in US
Dollar(x 1.000) US Dollar(x
1.000)
---30-09-2005--- ------30-09-2006---
Intangible assets 3.000 2.700
Tangible assets 15.076 17.062
Financial assets 21.060 18.711
Miscellaneous
fixed assets 0 0
Total fixed assets 39.136 38.473
Stock 227.928 323.903
Receivables 181.306 221.248
Shares 0 0
Liquid assets 8.509 10.708
Miscellaneous
current assets 0 0
Total current
assets 417.743 555.859
Shareholders equity 124.111 145.673
Provisions 2.580 3.257
Long-term
liabilities 4.054 3.565
Current
liabilities 326.134 441.837
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 456.879 594.332
PROFIT
& LOSS ACCOUNT
Consolidated in US
Dollar(x 1.000) US Dollar(x
1.000)
---30-09-2005--- ------30-09-2006---
Turnover 0 0
Other income 0 0
Total expenses 54.105 66.305
Operating profit -25.617 29.446
Balance financial P/L 9.337 333
Net profit/loss 1] -16.280 29.779
Taxation -3.834 9.235
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -12.446 20.544
Balance extraordinary P/L 18 44
Taxation 0 0
Extraordinary P/L 2] 18 44
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result -12.428 20.588
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 27,2 24,5
Equity/outside capital 37,3 32,5
LIQUIDITY
Current ratio 1,3 1,3
Acid test 0,6 0,5
RATES OF RETURN %
Total assets -3,6 5
Shareholders
equity -13,1 20,4
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 91.609 114.022
Shareholders
equity + Equalization acc. 124.111 145.673
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.94 |
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UK Pound |
1 |
Rs.85.57 |
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Euro |
1 |
Rs.67.79 |
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%)