MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOHLER HOLLAND B.V. |
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Registered Office : |
Albusstraat 5 4903 RG Oosterhout |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
29.12.1972 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Wholesale business in and processing of foodstuffs and other
consumer articles in general, fruit juices and fruit concentrates. |
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
Döhler Holland
B.V.
Albusstraat 5
4903 RG OOSTERHOUT NB
Tel.:+31
(0)162-479500
Fax.:+31
(0)162-479583
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
29/12/1972 as Ltd.
Trade
register
20033050
Capital
nominal EUR 75.000.000,--
issued and paid up EUR 50.000.000,--
Management
Jacob Jacobus van Dalen, born 16/04/1952,
Jan van Scorelstraat 58, 4907 PM OOSTERHOUT NB
Werner Rudolf Ludwig, born 20/02/1967,
Wiardi Beckmanhof 5, 4908 CR OOSTERHOUT NB
Activity
Wholesale business in and processing of foodstuffs and other
consumer articles in general, fruit juices and fruit concentrates.
Staff
235 employees
Turnover
from the
consolidated balance sheet of Continental Fruit BV
2006 Euro
189.631.724
2005 Euro 162.998.838
2004 Euro 153.028.439
Real
estate
Unknown.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Continental Fruit BV,
Albusstraat 5, 4903 RG OOSTERHOUT NB
The next
financial data is extracted
from the
consolidated balance sheet of
'Continental
Fruit BV '
Consolidated
net result:
2006 Euro 13.143.239
2005 Euro 15.343.478
2004 Euro 17.183.923
The
shareholders equity was as of:
31/12/2006 Euro 117.283.502
31/12/2005 Euro 104.346.531
31/12/2004 Euro 106.895.342
The working
capital was as of:
31/12/2006 Euro 57.986.688
31/12/2005 Euro 48.569.280
31/12/2004 Euro 52.442.889
Subject is
a member of the VIGEF, a branche orga-
nization.
Website :
www.dohler.com
Bankers:
Banque
Artesia Nederland NV
A
declaration of liability has been issued by
parent
company.
Business
premises are owned by the parent company.
The group
accounts of Continental Fruit BV include,
apart from
their own figures and those of subject matter,
also the
figures of:
Euro Citrus
BV, Oosterhout; Continental Fruit Services BV, Oosterhout;
Döhler France
Sarl, Paris - France; Continental Fruit UK Ltd.,
Milton Keynes -
the UK; Döhler UK Ltd., Milton Keynes - the UK;
Döhler Italia
Srl, Vallecrosia - Italy and Döhler Schweiz A.G. ,
Fribourg -
Switserland.
Banks
ABN-AMRO NV, Oosterhout
NB, 47.85.61.369
ING Bank
VAT-nr.
NL004601658B03
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 :
Continental
Fruit BV
BALANCE SHEET
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 22.662.649 16.340.521
Tangible assets 48.485.828 52.901.427
Financial assets 6.445.365 6.848.754
Miscellaneous
fixed assets 0 0
Total fixed assets 77.593.842 76.090.702
Stock 24.571.567 26.106.413
Receivables 41.284.169 56.618.146
Shares 0 0
Liquid assets 4.002.094 2.676.010
Miscellaneous current assets 0 0
Total current assets 69.857.830 85.400.569
Shareholders
equity 104.346.531 117.283.502
Provisions 1.816.591 1.793.888
Long-term liabilities 20.000.000 15.000.000
Current liabilities 21.288.550 27.413.881
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 147.451.672 161.491.271
PROFIT
& LOSS ACCOUNT
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 162.998.838 189.631.724
Other income 2.902.744 3.963.423
Total expenses 144.694.091 174.373.753
Operating profit 21.207.491 19.221.394
Balance financial P/L -562.889 -849.120
Net profit/loss 1] 20.644.602 18.372.274
Taxation 7.740.250 6.750.969
Share in P/L of subsidiaries 2.439.126 1.521.934
Net profit/loss 2] 15.343.478 13.143.239
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 15.343.478 13.143.239
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 70,8 72,6
Equity/outside
capital 242,1 265,3
LIQUIDITY
Current ratio 3,3 3,1
Acid test 2,1 2,2
RATES OF RETURN %
Total assets 14 11,4
Shareholders equity 19,8 15,7
Pre tax
margin % 12,7 9,7
Turnover rate 110,5 117,4
(x
1) (x 1)
-------------------- --------------------
Working capital 48.569.280 57.986.688
Shareholders equity + Equalization acc. 104.346.531 117.283.502
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)