MIRA INFORM
REPORT
|
Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
HEIPLOEG B.V. |
|
|
|
|
Registered Office : |
Panserweg 14, 9974SL
Zoutkamp |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.03.2010 |
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|
|
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Date of Incorporation : |
09.10.1962 |
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|
|
|
Com. Reg. No.: |
02022924 |
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|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of food
products and beverages |
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 – 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONTACTINFORMATION
|
Company name |
Heiploeg
B.V. |
|
Tradename |
Heiploeg B.V. |
|
Address |
Panserweg 14 |
|
|
9974SL Zoutkamp |
|
|
Netherlands |
|
Mail address |
Postbus 2 |
|
|
9974ZG Zoutkamp |
|
|
Netherlands |
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Telephone number |
0595405555 |
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E-mail address |
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|
Website |
CREDIT
LIMIT
Credit limit : A credit of €
500.000 may be granted Normal
COMPANY
INFORMATION
|
Handelsregisternummer |
02022924 |
|
Registered in |
Chamber of commerce Noord-Netherlands |
|
Act of foundation |
09-10-1962 |
|
Date of constitution |
00-00-1900 |
|
Continuation date |
03-10-1972 |
|
Last change in statutes |
03-02-2006 |
|
Legal form |
Besloten Vennootschap (Limited company) |
|
Place of constitution |
Zoutkamp |
|
Capital |
EUR 500.000 |
|
Issued capital |
EUR 209.440 |
|
Paid up capital |
EUR 209.440 |
|
NACE-code |
Hunting (0150) MANUFACTURE OF FOOD PRODUCTS AND
BEVERAGES (15) Fish preserving (152002) |
|
SBI-code |
AGRICULTURE (1) |
|
Formal objective |
Het exploiteren van een
groothandel in vis, gepelde en ongepelde garnalen, puf en nest en
visconserven Garnalenpellerij en garnalen- en garnalendoppendrogerij Maal- en
menginrichting en vismeel- en gritfabriek Fabricage van grondstoffen voor indische
gerechten Im- en/of export van garnalen en vis Al hetgeen - bovengenoemde
behoort, zowel de handel in haar onbewerkte, verwerkte en bewerkte producten |
|
Employees |
Total: 31 |
|
|
|
|
Bookyear |
|
2010 |
2009 |
2008 |
|
Number |
|
31 |
33 |
35 |
|
Change |
|
-6,06% |
-5,71% |
-2,78% |
COMPANY
STRUCTURE
Shareholder Heiploeg Beheer
B.V.
Panserweg 14 9974SL Zoutkamp
Netherlands
KvK: 02036332
Active since: 31-12-1980
Percentage: 100.00%
Ultimate parent company Heiploeg Holding B.V.
Panserweg 14
9974SL ZOUTKAMP
KvK: 30210020
Holding company Heiploeg Beheer B.V.
Panserweg 14 9974SL Zoutkamp
KvK: 02036332
Affiliated companies Heitrans B.V. Panserweg 14
9974SL ZOUTKAMP
KvK: 02042467
Heiploeg Seafood B.V.
Panserweg 14
9974SL ZOUTKAMP
KvK: 02044714
Noord Zuid Beheer B.V.
Panserweg 14
9974SL
ZOUTKAMP
KvK:
02047167
Heiboer
B.V.
Panserweg
14
9974SL
ZOUTKAMP
KvK: 02058587
Goldfish B.V.
Noordeinde 107
1131GE VOLENDAM
KvK: 36011868
Bankers ABN Amro Bankers
NV
ING Bankers
NV
MANAGEMENT
Management Heiploeg Beheer B.V.
Panserweg
14
9974SL
Zoutkamp
Netherlands
KvK:
02036332
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 05-10-1988
M.I.K.
Boer
Micha
Istvan Kai
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-09-2008
Date
of birth: 19-08-1981
W.D.
van Dijken
Willem
Derk
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 28-12-1993
Date
of birth: 02-02-1953
J.H.
Kort
Jan
Harmannus
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 12-01-2011
Date
of birth: 11-01-1959
R.D.
Mendes de Leon Ramon Diego
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-10-2009
Date
of birth: 18-05-1959
H.O.
Pouw Hermanus Onno
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-09-2008
Date
of birth: 07-11-1965
W. Smit
Willem
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-06-2005
Date of
birth: 12-11-1950
M. Tjoelker
Meindert
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-06-2005
Date of
birth: 02-12-1958
J.E. Veenman
Jan Ernst
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-10-2009
Date of birth:
16-07-1959
PAYMENT
INFORMATION
Payment experiences Payments are regular
Payments Based on multiple payment
experiences up to € 50.000
Quarter: 3 2010: 51 Average
days
Quarter: 4 2010: 62 Average
days
Quarter: 1 2011: 52 Average
days
Quarter: 2 2011: 54 Average
days
|
|
invoices |
current quarter |
2011 Q1 |
2010 Q4 |
2010 Q3 |
|
|
Total |
267 |
100% |
433.203 |
429.264 |
426.908 |
429.664 |
|
Within terms |
139 |
63,7% |
275.765 |
262.839 |
168.045 |
211.133 |
|
Delayed 0 - 30 |
103 |
23,6% |
102.094 |
131.871 |
212.694 |
218.531 |
|
Delayed 31 - 60 |
23 |
10,7% |
46.169 |
34.554 |
46.169 |
|
|
Delayed 61 - 90 |
2 |
2,1% |
9.175 |
|
|
|
|
Delayed 91 - 120 |
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|
|
|
|
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|
Delayed 120+ days |
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FINANCIAL
INFORMATION
Auditor PricewaterhouseCoopers
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 2010 are published on 31-03-2011 (Broken accounting
year)
Annual
accounts 2009 are published on 05-04-2011 (Broken accounting year) Annual
accounts 2008 are published on 16-09-2008 (Broken accounting year) Annual
accounts 2007 are published on 08-10-2007 (Broken accounting year)
Type of publication
Corporate Publication Steady
|
CORE
FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,78 |
0,59 |
0,42 |
|
Current ratio |
1,24 |
1,16 |
0,96 |
|
Nett workingcapital / Balance
total |
0,19 |
0,13 |
-0,03 |
|
Capital and reserves / Balance
total |
0,23 |
0,19 |
0,17 |
|
Capital and reserves / Fixed
assets |
4,11 |
3,44 |
0,83 |
|
Solvency |
0,30 |
0,23 |
0,21 |
|
Nett workingcapital |
20.908.000 |
13.913.000 |
-2.830.000 |
|
Capital and reserves |
26.257.000 |
19.610.000 |
16.928.000 |
|
Change capital and reserves |
33,90% |
15,84% |
-54,12% |
|
change short term liabilities |
1,13% |
6,83% |
102,29% |
|
Nett Turnover |
205.072 |
193.386.000 |
212.623.000 |
|
Operating profit |
9.560 |
7.186.000 |
18.502.000 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual accounts The company is obligated
to publish its annual accounts
Last annual accounts 2010
Type of publication Corporate
Turnover 2007:
209.022.000
2006:196.694.000
2005:187.783.000
Operating profit 2007: 18.502.000
2006:14.611.000
2005:17.404.000
Result after taxes 2007: 10.029.000
2006: 7.516.000
2005: 10.985.000
Tendency Upward
Tendency
capital and reserves
Capital and reserves 2010 26.257.000
Total debt 2010 86.642.000
Current ratio 2010 1,24
Quick ratio 2010 0,78
Nett workingcapital 2010 20.908.000
Profitability Positive
Solvency Sufficient
Liquidity Sufficient
BALANCE
sheet
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-03-2010 |
31-03-2009 |
31-03-2008 |
|
Tangible assets |
6.229.000 |
5.453.000 |
20.048.000 |
|
Financial assets |
167.000 |
244.000 |
320.000 |
|
Fixed assets |
6.396.000 |
5.697.000 |
20.368.000 |
|
|
|||
|
Stocks and work in progress |
40.007.000 |
48.507.000 |
43.086.000 |
|
Accounts receivable |
40.770.000 |
38.742.000 |
33.182.000 |
|
Liquid assets |
25.726.000 |
11.304.000 |
134.000 |
|
Current assets |
106.503.000 |
98.553.000 |
76.402.000 |
|
Total assets |
112.899.000 |
104.250.000 |
96.770.000 |
|
|
|||
|
Capital and reserves |
26.257.000 |
19.610.000 |
16.928.000 |
|
Provisions |
|
|
610.000 |
|
Long term interest yealding
debts |
|
|
0 |
|
Long term liabilities |
1.047.000 |
|
0 |
|
Trade debts suppliers |
|
|
3.828.000 |
|
Short term interest yielding
debt |
|
|
54.916.000 |
|
Other short term debts |
|
84.640.000 |
20.488.000 |
|
Total short term debt |
85.595.000 |
84.640.000 |
79.232.000 |
|
Total debt |
86.642.000 |
84.640.000 |
79.842.000 |
|
Total Liabilities |
112.899.000 |
104.250.000 |
96.770.000 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Turnover |
|
|
209.022.000 |
|
Other operating income |
|
|
3.601.000 |
|
Nett Turnover |
205.072 |
193.386.000 |
212.623.000 |
|
Cost of sales |
158.369 |
149.484.000 |
168.123.000 |
|
Gross profit |
46.703 |
43.902.000 |
44.500.000 |
|
Wages employees |
16.630 |
14.614.000 |
1.808.000 |
|
Depreciation and amortization |
1.286 |
1.504.000 |
1.571.000 |
|
Other operating charges |
19.227 |
20.598.000 |
22.619.000 |
|
Operating charges |
37.143 |
36.716.000 |
25.998.000 |
|
Operating profit |
9.560 |
7.186.000 |
18.502.000 |
|
Financial income |
|
|
484.000 |
|
Financial charges |
|
|
5.297.000 |
|
Financial result |
-609 |
-3.631.000 |
-4.813.000 |
|
Result before taxes |
8.951 |
3.555.000 |
13.689.000 |
|
Income taxes |
2.303 |
913.000 |
3.660.000 |
|
Result after taxes |
6.648 |
2.642.000 |
10.029.000 |
|
Nett result |
6.648 |
2.642.000 |
10.029.000 |
|
History |
|
|
|
|
|
|
Management |
Since |
07-04-2011 |
is |
Proxy |
Ronny Marinus Johannes
Koerhuis out of office. |
|
|
Since |
12-01-2011 |
is |
Proxy |
Jan Harmannus Kort
appointed. |
|
|
Since |
12-01-2011 |
is |
Proxy |
Onno Nienhuis out of
office. |
|
|
Since |
12-01-2011 |
is |
Proxy |
Bernard Tjalling Anton
Oosterbaan out of office. |
|
|
Since |
30-09-2010 |
is |
Proxy |
Jan Berent Vogel out of
office. |
|
|
Since |
15-09-2010 |
is |
Proxy |
Ronny Marinus Johannes
Koerhuis appointed. |
|
|
Since |
01-10-2009 |
is |
Proxy |
Jan Ernst Veenman
appointed. |
|
|
Since |
01-10-2009 |
is |
Proxy |
Ramon Diego Mendes de
Leon appointed. |
|
|
Since |
01-11-2009 |
is |
Proxy |
Hans Luit out of office. |
Company
structure
Heiploeg Holding B.V. (30210020)
ZOUTKAMP
Heiploeg Beheer B.V. (02036332)
Zoutkamp Subsidiary (100%)
Heiploeg B.V. (02022924)
Zoutkamp Subsidiary
Heitrans B.V. (02042467)
ZOUTKAMP Subsidiary
Heiploeg Seafood B.V. (02044714)
ZOUTKAMP
Subsidiary
Noord Zuid Beheer B.V.
(02047167)
ZOUTKAMP
Subsidiary
Heiboer B.V. (02058587)
ZOUTKAMP
Subsidiary
Goldfish B.V. (36011868)
VOLENDAM
Subsidiary
Euro Shrimp B.V. (36036303)
VOLENDAM
Management relation (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.