MIRA INFORM REPORT

 

 

Report Date :           

01.08.2011

 

IDENTIFICATION DETAILS

 

Name :

DAYSEADAY FROZEN B.V.

 

 

Registered Office :

Schulpengat 9, 8321WC Urk

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.05.1997

 

 

Com. Reg. No.:

39064913

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of fish

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

€ 500.000

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Netherlands

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

CONTACTINFORMATION    

 

Company name

Dayseaday Frozen B.V.

Tradename

Dayseaday Frozen B.V.

 

Hakvoort Food

Address

Schulpengat 9

 

8321WC Urk

 

Netherlands

Mail address

Postbus 154

 

8320AD Urk

 

Netherlands

Telephone number

0527684684

Telefax number

0527685953

E-mail address

info@dayseaday.nl

Website

www.dayseaday.nl

VAT number

805570731

 

 

CREDIT LIMIT    

 

Credit limit        A credit of € 500.000 may be granted

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

39064913

Registered in

Chamber of commerce Gooi-, Eem- en Flevoland

First registration

02-05-1997

Act of foundation

28-04-1997

Date of constitution

28-04-1997

Legal form

Besloten Vennootschap (Limited Company)

 

Capital

EUR 90.756,04

 

Issued capital

EUR 18.151,21

 

Paid up capital

EUR 18.151,21

 

 

NACE-code

Other fish processing n.e.c. (152004)

SBI-code

Processing and preserving of fish and fish products (102)

 

Processing and preserving of fish and fish products (1020)

 

Wholesale of fish (46382)

Formal objective

Het be- en verwerken van vis en visprodukten ten behoeve van de diepvries,

alsmede de handel daarin.

 

(Loading and processing of fish and fish for the freezer
and the trade in them.)

 

 

Employees                                            Total 5

                       

Employees according to CoC                  Chamber of commerce: 5

 

 

COMPANY STRUCTURE

 

Shareholder

Dayseaday Holding B.V

8321WC URK

Netherlands

KvK: 39078337

Active since: 29-12-2001

Percentage : 100.00%

 

Ultimate Parent Company

H. van Veen Urk Holding B.V.

Hooiland 52 8321CX URK

KvK: 39078336

 

Holding Company

Dayseaday Holding B.V.

Schulpengat 9

8321WC URK KvK: 39078337

 

Affiliated companies

China Food-Non Food Investment B.V.

Sleeuwijksedijk 26

4251XB WERKENDAM KvK: 17276659

 

Dayseaday Fresh B.V.

Schulpengat 9

8321WC URK KvK: 39078335

 

Liability declaration

Dayseaday Holding B.V. (39078337)

Schulpengat 9

8321WC URK

 

Bankers

·         ABN Amro Bankers NV

·         Rabobank NetherlaNDS       

 

MANAGEMENT

 

Management

Dayseaday Holding B.V.

 

Schulpengat 9

 

8321WC URK

 

Netherlands

 

KvK: 39078337

 

Authorization: Fully authorized

 

Position: Manager

 

Date appointed: 29-12-2001

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 50.000

 

·         Quarter: 4 2010: 56 Average days

·         Quarter: 1 2011: 63 Average days

·         Quarter: 2 2011: 53 Average days

·         Quarter: 3 2011: 55 Average days

 

 

FINANCIAL INFORMATION

 

Auditor                                            Gibo Groep

 

Auditor's report                                According to the auditor, the annual account gives a faithful description of the

     size and composition of the company.

 

Publication financial statement          Annual accounts 2007 are published on 08-07-2008

 

Type of publication                          Consolidated

 

Annual accounts van                        Dayseaday Holding B.V.

Schulpengat 9

8321WC URK KvK: 39078337

 

Publication                                Steady


CORE FIGURES

 

BOOKYEAR

2010

2009

2008

Quick ratio

1,27

0,95

0,82

Current ratio

2,17

1,79

1,56

Nett workingcapital / Balance total

0,42

0,34

0,26

Capital and reserves / Balance total

0,54

0,46

0,39

Capital and reserves / Fixed assets

2,50

1,92

1,48

Solvency

1,19

0,85

0,64

Network Working capital

6.190.870

4.690.000

3.501.000

Capital and reserves

7.978.250

6.413.000

5.177.000

Change capital and reserves

24,41%

23,87%

30,80%

change short term liabilities

-10,93%

-5,63%

-9,37%

Operating profit

2.254.185

1.875.930

1.947.000

 

Annual accounts            The published financial information is the consolidated group information.

 

Last annual accounts        2010           

 

Type of publication         Consolidated

 

Gross profit                  2009: 5.984.000

                                   2008: 5.760.000

                                   2007: 5.636.000

                                   2006: 4.018.000

 

Operating profit             2009: 1.876.000

                                   2008: 1.947.000

                                   2007: 2.281.000

                                   2006: 1.008.000

 

Result after taxes          2009: 1.235.000

                                   2008: 1.160.000

                                   2007: 1.389.000

                                   2006:    526.000

 

Tendency                      upwards 

Tendency capital & reserves

 


 

Capital & reserves                      2010 7.978.250

Total Debts                                2010 6.697.644

Current ratio                              2010 2,17

Quick ratio                                2010 1,27

Networking capital                      2010 6.190.870

Profitability                                Positive

Solvency                                   Positive

Liquidity                                    Positive

 

Current & Quick Ratio

 

 

 

BALANCE sheet

 

 

BOOKYEAR

2010    

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Tangible assets

2.769.997

2.947.000

3.159.000

Financial assets

415.225

387.000

342.000

Fixed assets

3.185.222

3.334.000

3.501.000

 

Stocks and work in progress

4.774.146

4.981.000

4.652.000

Accounts receivable

6.530.453

5.645.000

5.137.000

Liquid assets

186.073

13.000

16.000

Current assets

11.490.672

10.640.000

9.806.000

Total assets

14.675.894

13.974.000

13.307.000

 

Capital and reserves

7.978.250

6.413.000

5.177.000

other long term debts

 

1.611.000

1.825.000

Long term liabilities

1.397.842

1.611.000

1.825.000

Other short term debts

 

5.950.000

6.305.000

Total short term debt

5.299.802

5.950.000

6.305.000

Total debt

6.697.644

7.561.000

8.130.000

Total Liabilities

14.675.894                  

13.974.000

13.307.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2010

2009

2008

Gross profit

6.106.479

5.988.817

5.760.000

Wages employees

1.588.195

1.532.958

1.376.000

Social securities

226.189

219.880

 

Pension costs

49.821

44.974

 

Depreciation and amortization

298.907

319.139

322.000

Other operating charges

1.689.182

1.995.936

2.115.000

Operating charges

3.852.294

4.112.887

3.813.000

Operating profit

2.254.185

1.875.930

1.947.000

Financial result

-248.280

-295.664

-389.000

Result participations

 

 

59.000

Result before taxes

2.005.905

1.580.266

1.558.000

Income taxes

520.331

407.480

398.000

Result after taxes

1.485.574

1.172.786

1.160.000

Result participations after taxes

80.169

62.681

 

Nett result

1.565.743

1.235.467

1.160.000

 

 

History

 

Consent statements

Over bookyear 2009 a consent agreement is filed Over bookyear 2008 a consent agreement is filed

 

 

Company structure

 

H. van Veen Urk Holding B.V

 (39078336) URK

 

Dayseaday Holding B.V.

(39078337) URK

Management relation

 

China Food-Non Food Investment B.V.

(17276659)

WERKENDAM

Management relation

 

Dayseaday Frozen B.V.

(39064913) Urk

Subsidiary (100%)

 

Dayseaday Fresh B.V.

(39078335) URK

Subsidiary (100%)

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.16

UK Pound

1

Rs.72.10

Euro

1

Rs.63.10

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.