MIRA
INFORM REPORT
|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORFFA ADDITIVES B.V. |
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Registered Office : |
Vierlinghstraat 51, 4251LC Werkendam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.11.1980 |
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Com. Reg. No.: |
18129478 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of prepared feeds
for farm animals (cattle feeds) |
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No. of Employees : |
13 |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
CONTACT INFORMATION
|
Company name |
Orffa Additives B.V. |
|
Tradename |
Orffa
Additives B.V. |
|
Address |
Vierlinghstraat
51 |
|
|
4251LC
Werkendam |
|
|
Netherlands |
|
Mail address |
Vierlinghstraat
51 |
|
|
4251LC
Werkendam |
|
|
Netherlands |
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Telephone number |
0183447766 |
|
Telefax number |
0183441210 |
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E-mail address |
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|
Website |
unknown |
|
VAT number / RSIN |
005780937 |
|
Branch(es) |
Orffa
Additives B.V. (18129478.0001) |
|
|
Vierlinghstraat
51 |
|
|
4251LC
Werkendam |
CREDIT LIMIT
Specification credit limit The
company can fulfill all its obligations. Within the context of a credit report
the
credit is
maximalized to the shown credit limit.
COMPANY
INFORMATION
Handelsregisternummer 18129478
Registered in Chamber
of commerce Brabant
First registration 05-11-1980
Act of foundation 17-10-1980
Date of constitution 17-10-1980
Last change in statutes 23-12-2005
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Giessen
Capital EUR
225.000
Issued capital EUR
45.000
Paid up capital EUR
45.000
|
NACE-code |
Manufacture
of prepared feeds for farm animals (cattle feeds) (1571) |
|
SBI-code |
Manufacture of prepared feeds for farm
animals (1091) Wholesale of seeds (46212) Wholesale of arable farming
products and cattle feeds (46218) |
|
Formal objective |
De import
en export van, en de handel in grondstoffen voor de veevoeder- en
levens-middelenindustrie en de produktie van die grondstoffen, zulks voor
eigen account number, alsmede het verlenen van bemiddeling bij de handel of
produktie van genoemde grondstoffen. |
|
Import |
The whole
world |
|
Employees |
Total: 13 |
|
|
|
Bookyear |
|
2012 |
2011 |
|
Number |
|
13 |
5 |
|
Change |
|
160,00% |
|
COMPANY STRUCTURE
Shareholder Orffa
International Holding B.V.
Vierlinghstraat 51
4251LC WERKENDAM
Netherlands
KvK: 18114690
Active since: 01-01-1992
Percentage: 100.00%
Ultimate parent
company Olympus Holding B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 52387631
Holding company Orffa International Holding
B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 18114690
Affiliated
companies Excentials B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 17259936
Orffa Pharma B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 18130956
Orffa Pharma Group B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 52870812
Liability
declaration Orffa International Holding
B.V. (18114690)
Vierlinghstraat 51
4251LC WERKENDAM
Since: 01-01-1997
Bank Mees Pierson NV
Account number: 25.39.58.954
Real estate Lease Surface: 250 m2
The real estate is checked at the land
registration office
MANAGEMENT
|
Management |
Orffa
International Holding B.V. |
|
|
Vierlinghstraat
51 |
|
|
4251LC
WERKENDAM |
|
|
Netherlands |
|
|
KvK:
18114690 |
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|
Authorization:
Fully authorized |
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|
Position:
Manager |
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|
Date
appointed: 22-04-2011 |
PAYMENT INFORMATION
Payment experiences According
to terms
Payments Based
on multiple payment experiences up to € 25.000
· Quarter: 4 2011: 37 Average days
Quarter:
1 2012: 34 Average days
Quarter:
2 2012: 30 Average days
Quarter:
3 2012: 33 Average days
|
|
invoices |
current quarter |
2012 Q2 |
2012 Q1 |
2011 Q4 |
|
|
Total |
15 |
100% |
27.585 |
28.475 |
26.991 |
25.953 |
|
Within terms |
12 |
97,0% |
26.766 |
28.475 |
25.627 |
23.634 |
|
Delayed 0 - 30 |
3 |
3,0% |
819 |
|
1.364 |
2.319 |
|
Delayed 31 - 60 |
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|
|
|
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|
FINANCIAL INFORMATION
Type of publication
Consolidated
Annual accounts van Orffa
International Holding B.V.
Vierlinghstraat 51
4251LC WERKENDAM
KvK: 18114690
Publication Steady
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,99 |
1,28 |
1,12 |
|
Current ratio |
1,57 |
1,68 |
1,53 |
|
Nett workingcapital / Balance
total |
0,34 |
0,40 |
0,34 |
|
Capital and reserves / Balance
total |
0,34 |
0,40 |
0,36 |
|
Capital and reserves / Fixed
assets |
5,13 |
51,24 |
13,77 |
|
Solvency |
0,52 |
0,68 |
0,57 |
|
Nett workingcapital |
17.326.000 |
17.209.000 |
11.962.000 |
|
Capital and reserves |
17.342.000 |
17.268.000 |
12.726.000 |
|
Change capital and reserves |
0,43% |
35,69% |
27,34% |
|
change short term liabilities |
20,57% |
12,41% |
-7,17% |
|
Nett Turnover |
188.059.000 |
192.975.000 |
153.414.000 |
|
Operating profit |
6.953.000 |
7.180.000 |
5.165.000 |
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2011
|
Type of publication |
Consolidated |
|
|
Turnover |
2011: |
188.059.000 |
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|
2010: |
192.975.000 |
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|
2009: |
153.414.000 |
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|
2008: |
156.639.000 |
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|
2007: |
133.272.000 |
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|
2006: |
108.907.000 |
|
Gross profit |
2007: |
12.740.000 |
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|
2006: |
6.895.000 |
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Operating profit |
2011: |
6.953.000 |
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|
2010: |
7.180.000 |
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2009: |
5.165.000 |
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|
2008: |
17.158.000 |
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|
2007: |
7.186.000 |
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|
2006: |
2.100.000 |
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Result after taxes |
2011: |
5.063.000 |
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|
2010: |
4.397.000 |
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2009: |
2.734.000 |
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2008: |
12.541.000 |
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2007: |
5.123.000 |
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2006: |
1.242.000 |
Tendency changeable
Capital and reserves 2011
17.342.000
Balance sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
62.000 |
|
|
|
Tangible assets |
298.000 |
298.000 |
261.000 |
|
Financial assets |
3.021.000 |
39.000 |
663.000 |
|
Fixed assets |
3.381.000 |
337.000 |
924.000 |
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|||
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Stocks and work in progress |
17.571.000 |
10.115.000 |
9.311.000 |
|
Trade debtors |
27.123.000 |
25.642.000 |
22.224.000 |
|
Other amounts receivable |
2.588.000 |
2.042.000 |
279.000 |
|
Accounts receivable |
29.711.000 |
27.684.000 |
22.503.000 |
|
Liquid assets |
512.000 |
4.679.000 |
2.627.000 |
|
Current assets |
47.794.000 |
42.478.000 |
34.441.000 |
|
Total assets |
51.175.000 |
42.815.000 |
35.365.000 |
|
|
|||
|
Minority interest |
305.000 |
226.000 |
160.000 |
|
Capital and reserves |
17.342.000 |
17.268.000 |
12.726.000 |
|
Provisions |
10.000 |
2.000 |
|
|
other long term debts |
|
50.000 |
|
|
Long term liabilities |
3.050.000 |
50.000 |
|
|
Other short term debts |
|
25.269.000 |
22.479.000 |
|
Total short term debt |
30.468.000 |
25.269.000 |
22.479.000 |
|
Total debt |
33.518.000 |
25.319.000 |
22.479.000 |
|
Total Liabilities |
51.175.000 |
42.815.000 |
35.365.000 |
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PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Turnover |
188.059.000 |
192.975.000 |
153.414.000 |
|
Nett Turnover |
188.059.000 |
192.975.000 |
153.414.000 |
|
Wages employees |
4.334.000 |
4.121.000 |
3.595.000 |
|
Depreciation and amortization |
75.000 |
47.000 |
41.000 |
|
Raw materials |
173.848.000 |
179.218.000 |
142.067.000 |
|
Other operating charges |
2.849.000 |
2.409.000 |
2.546.000 |
|
Operating charges |
181.106.000 |
185.795.000 |
148.249.000 |
|
Operating profit |
6.953.000 |
7.180.000 |
5.165.000 |
|
Financial income |
155.000 |
14.000 |
37.000 |
|
Financial charges |
318.000 |
1.075.000 |
193.000 |
|
Financial result |
-163.000 |
-1.061.000 |
-156.000 |
|
Result participations |
|
-483.000 |
-949.000 |
|
Result before taxes |
6.790.000 |
5.636.000 |
4.060.000 |
|
Income taxes |
1.687.000 |
1.228.000 |
1.306.000 |
|
Result after taxes |
5.103.000 |
4.408.000 |
2.754.000 |
|
Nett result |
5.063.000 |
4.397.000 |
2.734.000 |
|
Income attributable to minority
interest |
40.000 |
-11.000 |
20.000 |
History
Consent statements Over bookyear 2011 a consent agreement is
filed
Company structure
Olympus Holding B.V.
(52387631) WERKENDAM
Orffa
Holding B.V. (18084295)
WERKENDAM
Subsidiary (100%)
Orffa
International Holding B.V. (18114690)
WERKENDAM
Subsidiary
Excentials
B.V. (17259936)
WERKENDAM
Subsidiary (100%)
Orffa
Additives B.V. (18129478) Werkendam
Subsidiary (100%)
Orffa Pharma B.V.
(18130956)
WERKENDAM
Subsidiary (100%)
Orffa
Pharma Group B.V. (52870812)
WERKENDAM
Several liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.