MIRA INFORM REPORT

 

 

Report Date :

04.01.2011

 

IDENTIFICATION DETAILS

 

Name :

CATZ INTERNATIONAL B.V.

 

 

Registered Office :

Blaak 22, 3011TA Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

18.09.1945

 

 

Com. Reg. No.:

24026175

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of coffee, tea, cacao and spices

 

RATING & COMMENTS

 

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

Status :

Satisfactory

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Netherlands

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION

 

Company name Catz International B.V.

 

Tradename                    Catz International B.V.

 

Address                                     Blaak 22

3011TA Rotterdam

Netherlands

 

Mail address                  Postbus 180

3000AD Rotterdam

Netherlands

 

Telephone number          0104113440

 

Telefax number               0104118913

 

E-mail address               info@catz.nl  

 

Website                                                           www.catz.nl 

 

 

CREDIT LIMIT

 

Credit limit                                              A credit of € 500.000 may be granted

 

 

COMPANY INFORMATION

 

Handelsregisternummer                          24026175

 

Registered in                                          Chamber of commerce Rotterdam

 

First registration                                     18-09-1945

Act of foundation                                     14-12-1926

 

Date of constitution                                 14-12-1926

 

Continuation date                                   29-06-1973

 

Last change in statutes                           02-05-1977

 

Legal form                                              Besloten Vennootschap (Limited Company)

 

Place of constitution                               Rotterdam

 

Capital                                                   EUR 1.815.120,86

 

Issued capital                                         EUR 545.897,60

 

Paid up capital                                       EUR 545.897,60

 

 

Objective                                         Wholesale of coffee, tea, cacao and spices (excl. raw tropical products) (5137)

Formal objective                               Import, export en distributie van specerijen en aanverwante artikelen, gedroogde zuidvruchten, noten, kokos, gedroogde groenten en kruiden

                                                      (Import, export and distribution of spices and related items, dried fruit, nuts, coconut, dried vegetables and herbs)

 

Employees                                                                                                       Total: 59

 

Bookyear                                                                          2008                                                  2007

Number                                                                             59                                                     58

Change                                                                                                                                                                1,72%

 

 

COMPANY STRUCTURE

 

Shareholder                                Amsterdam Commodities N.V.

Beursplein 37

3011AA Rotterdam

Netherlands

KvK: 24191858

Active since: 30-12-1982

Percentage: 100.00%

 

Holding company                        Amsterdam Commodities N.V.

Beursplein 37

3011AA Rotterdam

KvK: 24191858

 

Subsidiary                                  Bercatz B.V.

Blaak 22                      

3011TA ROTTERDAM KvK: 24195899

 

Tovano B.V. Transportweg 47

2676LM MAASDIJK KvK: 27055089

 

Expeditiebedr. en Reisbureau Flowerland B.V. Blaak 22

3011TA ROTTERDAM KvK: 24097167

     Indoca N.V.

     KvK: 24105942

 

       Marimport B.V. Blaak 22

       3011TA ROTTERDAM KvK: 24123318

 

Affiliated companies                         Moen's Exoten B.V.

Wijnhaven 65

3011WJ ROTTERDAM KvK: 24168177

 

King Nuts Holding B.V. Spanjeweg 4

2411PX BODEGRAVEN KvK: 28110451

 

Tefco Euroingredients B.V. Italieweg 21

2411NR BODEGRAVEN KvK: 29034877

 

Technische Handelmaatschappij Agrotrade B.V. Westermarkt 2

1016DK AMSTERDAM KvK: 33012538

 

Tiedeman & van Kerchem B.V. Westermarkt 2

1016DK AMSTERDAM

KvK: 33081106

 

Liability declaration                          Amsterdam Commodities N.V. (24191858) Beursplein 37 3011AA Rotterdam

 

Bankers                                                 ABN Amro Bankers NV

 

Real estate                                             Unknown

The real estate is checked at the land registration office

Description: None registration type

MANAGEMENT

 

Management                              M.M. Kok

Michel Maurice

Authorization: Limited authorization

Position: Manager

Date appointed: 01-07-1999

Date of birth: 21-03-1962

 

A.G.P. Maarleveld

Arie Gabriël Pieter

Authorization: Limited authorization

Position: Manager

Date appointed: 01-07-1998

Date of birth: 15-01-1968

 

H.C. Moerman

Hendrik Cornelis

Authorization: Fully authorized

Position: Manager

Date appointed: 18-09-1998

Date of birth: 11-12-1960

 

J. Penning

Joost

Authorization: Limited authorization

Position: Manager

Date appointed: 01-10-1988

Date of birth: 16-06-1959

 

P. Veltenaar

Peter

Authorization: Limited authorization

Position: Manager

Date appointed: 01-01-2000

Date of birth: 11-03-1961

 

Y. Gottesmann

Yoav

Position: Commissaris

Date appointed: 17-09-2002

Date of birth: 04-08-1952

B.H. Stuivinga Bernard Hendrik Position: Commissaris

Date appointed: 17-09-2002

Date of birth: 11-02-1956

 

R. Baas

Roland

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-2004

Date of birth: 19-06-1957

 

A. Berisa

Albert

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2006

Date of birth: 09-10-1970

 

 

PAYMENT INFORMATION

 

Payment experiences                        Payments are regular

 

Payments                                         Based on multiple payment experiences up to € 50.000

 

Quarter: 1 2010: 40 Average days Quarter: 2 2010: 30 Average days Quarter: 3 2010: 34 Average days Quarter: 4 2010: 34 Average days

 

 

invoices      current quarter                   2010 Q3           2010 Q2           2010 Q1

 

Total                                                                                                          59              100%                            142.060                                 142.060                                145.933                                 147.452

 

Within terms                                       49  92,6%           131.610            131.610           144.626            131.610

 

Delayed 0 - 30                                      6       7,4%             10.450             10.450                1.307               7.837

Delayed 31 - 60                                    2       0,0% Delayed 61 - 90

 

 

Delayed 91 - 120

1

0,0%

3.202

Delayed 120+ days

1

0,0%

4.803

 

 

FINANCIAL INFORMATION

 

Auditor                                                   BDO Campsobers Accountants & Belastingadviseurs B.V. Type of publication                                             Consolidated

Annual accounts van                               Amsterdam Commodities N.V.

Beursplein 37

3011AA Rotterdam

KvK: 24191858

 

Publication                                                                               Steady

 

 

 

CORE FIGURES

 

BOOKYEAR

 

 

 

2009

 

 

 

2008

 

 

 

2007

Quick ratio

0,82

0,70

0,75

Current ratio

1,84

1,74

1,96

Nett workingcapital / Balance total

0,34

0,33

0,40

Capital and reserves / Balance total

0,55

0,54

0,48

Capital and reserves / Fixed assets

2,18

2,30

-

Solvency

1,21

1,19

1,10

Nett workingcapital

24.621.697

20.930.889

26.372.000

Capital and reserves

39.381.540

34.899.127

32.050.000

Change capital and reserves

12,84%

8,89%

9,46%

change short term liabilities

3,78%

2,52%

22,64%

Operating profit

13.137.957

9.373.959

11.332.000

Nett Turnover

164.518.997

175.308.349

161.937.000

 

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

Last annual accounts                         2009

 

 

 

Tendency         Upward

 

Tendency capital and reserves

 

 

 

Capital and reserves       2009 39.381.540

 

Total debt                       2009 32.510.675

 

Current ratio                   2009 1,84

 

Quick ratio                     2009 0,82

 

Nett workingcapital         2009 24.621.697

 

Profitability                     Sufficient

Solvency                       Sufficient

Liquidity                          Sufficient

 

 

Current & Quick Ratio

 

 

 

 

Currency  In Euro

 

BALANCE sheet

 

BOOKYEAR                                                                    2009                               2008                               2007

End of bookyear                                                    31-12-2009                      31-12-2008                     31-12-2007

 

Intangible assets                                                  4.604.917                        1.529.090                        1.529.000

 

Tangible assets                                                    1.540.493                           492.739                          507.000

 

Financial assets                                                 11.626.343                      13.138.197                      10.447.000

 

Other fixed assets                                                    320.260

 

Fixed assets                                                       18.092.013                      15.160.026

 

Stocks and work in progress                              29.757.260                      29.339.554                      33.138.000

 

Accounts receivable                                           14.177.598                      13.842.833                      15.670.000

 

Liquid assets                                                        9.430.287                        5.400.560                        4.988.000

 

Other current assets                                                 435.057                           463.962

 

Current assets                                                    53.800.202                      49.046.909                      53.796.000

 

Total assets                                                      71.892.215                     64.206.935                        66.279.000

 

Capital and reserves                                          39.381.540                      34.899.127                      32.050.000

 

Provisions                                                                                                                                      5.205.000

Long term interest yielding debts                                                                                                       575.000

Other long term debts                                         3.332.170                                                              1.025.000

 

Long term liabilities                                             3.332.170                        1.191.788                        1.600.000

 

Trade debts suppliers                                                                                                                          5.742.000

 

Short term interest yielding debt                                                                                                        19.784.000

 

Other short term debts                                           29.178.505                                                             1.898.000

 

Total short term debt                                          29.178.505                      28.116.020                      27.424.000

 

Total debt                                                           32.510.675                      29.307.808                      34.229.000

 

Total Liabilities                                                                                                                                                                                                          71.892.215                        64.206.935                    66.279.000

 

 

 

PROFIT & LOSS ACCOUNT

 

BOOKYEAR                                                                  2009                                2008                               2007

Turnover                                                            164.518.997                    175.308.349                    161.863.000

 

Other operating income                                                                                                                          74.000

 

Nett Turnover                                                 164.518.997                    175.308.349                    161.937.000

 

Cost of sales                                                     140.890.903                    156.847.259                    142.589.000

 

Gross profit                                                       23.628.094                      18.461.090                      19.274.000

 

Wages employees                                                                                                                            5.504.000

 

Productiekosten                                                     1.726.788                        1.735.090

 

Sales costs                                                                                                     4.793.101                                    3.934.677

 

 

Depreciation and amortization

 

 

 

192.000

Other operating charges

3.970.248

3.417.364

2.320.000

Operating charges

10.490.137

9.087.131

150.605.000

Operating profit

13.137.957

9.373.959

11.332.000

Financial income

987.585

2.713.555

105.000

Financial charges

297.581

1.042.672

1.208.000

Financial result

690.004

1.670.883

1.103.000

Result participations

 

 

1.184.000

Result before taxes

13.827.961

11.044.842

11.413.000

Income taxes

3.296.075

2.303.333

2.579.000

Result after taxes

10.531.886

8.741.509

8.834.000

Nett result

10.531.886

8.741.509

8.834.000

 

COMPANY STRUCTURE

 

Amsterdam Commodities N.V.

(24191858) Rotterdam

 

Catz International B.V.

(24026175) Rotterdam

Subsidiary (100%)

 

Bercatz B.V.

(24195899) ROTTERDAM

Subsidiary

 

Tovano B.V.

(27055089) MAASDIJK

Subsidiary

 

Expeditiebedr. en Reisbureau Flowerland B.V.

(24097167) ROTTERDAM

Management relation (100%)

 

Indoca N.V.

(24105942)

Management relation (100%)

 

Marimport B.V.

(24123318) ROTTERDAM

Management relation (100%)

 

Moen's Exoten B.V.

(24168177) ROTTERDAM

Subsidiary (100%)

 

Red River-van Eck B.V.

(20065855) ZEVENBERGEN

Subsidiary (100%)

 

Van Rees Group B.V.

(51461579)

Subsidiary (100%)

 

Van Rees B.V.

(24109248) ROTTERDAM

Subsidiary (100%)

 

Van Rees Ceylon B.V.

(24099473) ROTTERDAM

Subsidiary

Vriesthee B.V.

(24104276) ROTTERDAM

Subsidiary

 

King Nuts Holding B.V.

(28110451) BODEGRAVEN

Subsidiary (100%)

 

King Nuts & Raaphorst

(29047155) BODEGRAVEN

Subsidiary

 

Tefco Euroingredients B.V.

(29034877) BODEGRAVEN

Subsidiary (100%)

 

Technische Handelmaatschappij Agrotrade B.V.

(33012538) AMSTERDAM

Subsidiary (100%)

 

Tiedeman & van Kerchem B.V.

(33081106) AMSTERDAM

Subsidiary

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.67

UK Pound

1

Rs.69.45

Euro

1

Rs.59.37

 

 

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.