MIRA INFORM REPORT
|
Report Date : |
23.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LOUIS DREYFUS COMMODITIES B.V. |
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Registered Office : |
Westblaak 92, 3012KM Rotterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.12.2004 |
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Com. Reg. No.: |
24371219 |
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Agents involved in the
sale of raw materials for the food |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
€ 500.000 |
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|
Status : |
Satisfactory |
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Payment
Behaviour : |
Unknown |
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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 |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
CONTACT
INFORMATION
|
Company name |
Louis
Dreyfus Commodities B.V. |
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Tradename |
Louis Dreyfus Commodities B.V. |
|
Address |
Westblaak 92 |
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|
3012KM Rotterdam |
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|
Netherlands |
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Mail address |
Postbus 270 |
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|
3000AG Rotterdam |
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|
Netherlands |
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Telephone number |
010-2062440 |
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Telefax number |
010-4130432 |
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E-mail address |
unknown |
|
Website |
unknown |
|
VAT number |
813921594 |
CREDIT
LIMIT
Credit limit A credit of € 500.000 may
be granted
COMPANY
INFORMATION
Handelsregisternummer 243712219
Registered
in Chamber
of commerce Rotterdam
First registration 29-12-2004
Act of foundation 28-12-2004
Date of constitution 28-12-2004
Last change in statutes 24-12-2009
Legal
form Besloten
Vennootschap (Limited Company)
Place of constitution Rotterdam
Capital EUR
5.000.000
Issued capital EUR
1.000.000
Paid up capital EUR
1.000.000
NACE-code Agents involved in the sale of raw materials for
the food (511105)
SBI-code Financial holding (65234)
Formal objective
Wholesale on a fee or contract
basis in landbouwproducten, levende dieren en grondstoffen voor textiel en
voedingsmiddelen (4611)
(Wholesale on a fee or contract basis of agricultural,
livestock and raw materials for textiles and foodstuffs (4611))
Het (ver)handelen van (agrarische)
verbruiks- artikelen en grondstoffen
(The (re) actions of (agricultural) products and raw
materials consumption)
Employees Total: 1
Bookyear 2008 2007
2006
Number 1 1 1
Change 0,00% 0,00%
0,00%
COMPANY
STRUCTURE
Shareholder Louis Dreyfus Commodities Activities of holding
companies B.V.
Westblaak
92 3 3012KM
ROTTERDAM
Netherlands
KvK:
24395804
Active
since: 30-06-2006
Percentage:
100.00%
Holding company Louis Dreyfus Commodities
Activities
of holding companies B.V.
Westblaak
92 3 3012KM
ROTTERDAM
KvK:
24395804
Subsidiary Nethgrain B.V.
Westblaak
92 3012KM
ROTTERDAM
KvK:
24140630
Louis
Dreyfus Commodities
Rotterdam
B.V.
Westblaak
92 3012KM ROTTERDAM
KvK:
24154029
Louis
Dreyfus Commodities Participations B.V.
Westblaak
92 3012KM
ROTTERDAM
KvK:
24371217
Louis
Dreyfus Commodities Metals B.V.
Westblaak
92 3012KM
ROTTERDAM
KvK: 24386457
Louis
Dreyfus Commodities Sugar B.V.
Westblaak 92
3012KM ROTTERDAM
KvK: 24406132
Louis Dreyfus Commodities North Latam
Activities of holding companies B.V.
Westblaak 92
3012KM ROTTERDAM
KvK: 24444789
Sugar Activities of holding companies B.V.
Westblaak 92
3012KM ROTTERDAM
KvK: 50571990
Affiliated
companies NL Participations Holding
1 B.V.
Westblaak 92
3012KM ROTTERDAM
KvK: 24465516
NL Participations Holding 3 B.V.
Westblaak 92
3012KM ROTTERDAM
KvK: 24468208
Real
estate Lease
MANAGEMENT
|
Management |
C.P. Ehlinger |
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|
Claude Pierre |
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Authorization: Fully authorized |
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Position: Manager |
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Date appointed: 07-05-2008 |
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Date of birth: 31-10-1962 |
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|
J.G. Schol |
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|
Johannes Gerardus |
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Authorization: Fully authorized |
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Position: Manager |
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Date appointed: 28-12-2004 |
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Date of birth: 21-04-1946 |
PAYMENT
INFORMATION
Payment experiences There are no payment
experiences known
FINANCIAL
INFORMATION
|
Publication financial statement |
Annual accounts 2010 are published
on 15-07-2011 Annual accounts 2009 are published on 05-11-2010 Annual accounts
2008 are published on 25-06-2009 Annual accounts 2007 are published on
15-07-2008 |
|
Type of publication |
Corporate |
|
Publication |
Steady |
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
3,75 |
2,79 |
1,96 |
|
Current ratio |
3,75 |
2,79 |
1,96 |
|
Nett workingcapital / Balance
total |
0,08 |
0,15 |
0,09 |
|
Capital and reserves / Balance
total |
0,97 |
0,91 |
0,90 |
|
Capital and reserves / Fixed
assets |
1,09 |
1,20 |
1,12 |
|
Solvency |
32,62 |
10,63 |
9,15 |
|
Nett workingcapital |
379.460.000 |
440.476.000 |
238.376.000 |
|
Capital and reserves |
4.496.753.000 |
2.619.640.000 |
2.268.292.000 |
|
Change capital and reserves |
71,66% |
15,49% |
23,30% |
|
change short term liabilities |
-44,07% |
-0,59% |
557,33% |
|
Nett Turnover |
|
6.015.000 |
10.595.000 |
|
Operating profit |
-22.912.000 |
-13.704.000 |
-10.595.000 |
|
Profitability operating profit |
negative |
negative |
negative |
Annual accounts The company is obligated to
publish its annual accounts
Last annual accounts 2010
Tendency
capital and reserves
Tendency
: Upward
Capital and reserves 2010 4.496.753.000
Total debt 2010 138.184.000
Current ratio 2010 3,75
Quick ratio 2010 6,75
Nett workingcapital 2010 379.460.000
Profitability Positive
Solvency Positive
Liquidity Positive
Current-
& Quickratio
BALANCE
sheet
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Related companies |
4.038.852.000 |
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|
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Other financial assets |
78.769.000 |
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|
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Financial assets |
4.117.621.000 |
2.179.164.000 |
2.029.915.000 |
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Fixed assets |
4.117.621.000 |
2.179.164.000 |
2.029.915.000 |
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|||
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Trade debtors |
12.000 |
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Accounts receivable within one
year |
274.781.000 |
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Tax receivables |
3.159.000 |
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Due from related parties |
233.736.000 |
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Other amounts receivable |
420.000 |
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Accounts receivable |
512.108.000 |
686.729.000 |
292.401.000 |
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Liquid assets |
5.208.000 |
228.000 |
193.928.000 |
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Current assets |
517.316.000 |
686.958.000 |
486.328.000 |
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Total assets |
4.634.937.000 |
2.866.122.000 |
2.516.243.000 |
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|||
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Capital and reserves |
4.496.753.000 |
2.619.640.000 |
2.268.292.000 |
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Trade debts suppliers |
894.000 |
252.000 |
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Taxes, remuneration &
soc.security |
30.000 |
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Debts to related companies |
114.141.000 |
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Other short term debts |
22.791.000 |
246.230.000 |
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Total short term debt |
137.856.000 |
246.482.000 |
247.952.000 |
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Other liabilities |
328.000 |
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Total debt |
138.184.000 |
246.482.000 |
247.952.000 |
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Total Liabilities |
4.634.937.000 |
2.866.122.000 |
2.516.244.000 |
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PROFIT & LOSS ACCOUNT |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Turnover |
|
|
-17.214.000 |
|
Other operating income |
|
|
6.619.000 |
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Nett Turnover |
|
6.015.000 |
10.595.000 |
|
Gross profit |
-22.912.000 |
|
|
|
Operating charges |
|
19.719.000 |
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Operating profit |
-22.912.000 |
-13.704.000 |
-10.595.000 |
|
Financial income |
31.952.000 |
13.705.000 |
3.809.000 |
|
Financial charges |
706.000 |
487.000 |
1.162.000 |
|
Financial result |
31.246.000 |
13.218.000 |
2.647.000 |
|
Other income |
44.445.000 |
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|
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Other result |
44.445.000 |
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Result participations |
1.000.146.000 |
550.812.000 |
472.432.000 |
|
Result before taxes |
1.052.925.000 |
550.326.000 |
464.484.000 |
|
Income taxes |
1.593.000 |
-607.000 |
-2.786.000 |
|
Result after taxes |
1.051.332.000 |
550.933.000 |
467.270.000 |
|
Nett result |
1.051.332.000 |
550.933.000 |
467.270.000 |
History
Management Since 09-02-2010 is Proxy Jean Rene Paul Gandar out
of office.
Since
01-09-2008 manager Serge Frangois Schoen out of office.
Since
15-05-2008 manager Robert Louis-Dreyfus, living in CH-7270 Davos-Platz
Switzerland
out of office.
Since
07-05-2008 manager Claude Pierre Ehlinger, living in 75016 Parijs France
appointed.
Company
structure
Louis Dreyfus Commodities Activities of holding companies B.V.
(24395804)
ROTTERDAM
Louis Dreyfus Commodities B.V. (24371219)
Rotterdam Subsidiary
Nethgrain B.V. (24140630)
ROTTERDAM
Subsidiary
Louis Dreyfus Commodities Rotterdam B.V. (24154029)
ROTTERDAM
Subsidiary
Louis Dreyfus Commodities Participations B.V. (24371217)
ROTTERDAM
Subsidiary
Louis Dreyfus Commodities Metals B.V. (24386457)
ROTTERDAM
Subsidiary
LDC Metals Investments B.V. (51334321)
ROTTERDAM
Subsidiary
Louis Dreyfus Commodities Sugar B.V. (24406132)
ROTTERDAM Subsidiary (100%)
Louis Dreyfus Commodities North Latam
Activities of holding companies B.V.
(24444789)
ROTTERDAM
Subsidiary
Sugar Activities of holding companies B.V. (50571990)
ROTTERDAM
Subsidiary
NL Participations Holding 1 B.V. (24465516)
ROTTERDAM
Subsidiary
NL Participations Holding 2 B.V. (24465518)
ROTTERDAM
Subsidiary
NL Participations Holding 3 B.V. (24468208)
ROTTERDAM
Subsidiary
NL Participations Holding 4 B.V. (24468211)
ROTTERDAM
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.95 |
|
UK Pound |
1 |
Rs.75.76 |
|
Euro |
1 |
Rs.66.01 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.