MIRA
INFORM REPORT
|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CATZ INTERNATIONAL B.V. |
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|
|
|
Registered Office : |
Blaak 22, 3011TA Rotterdam |
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|
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Country : |
Netherlands |
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|
|
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Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
14.12.1926 |
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|
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Com. Reg. No.: |
24026175 |
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|
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Legal Form : |
Besloten Vennootschap |
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|
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Line of Business : |
Wholesale of coffee, tea, cacao and spices |
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|
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|
No. of Employees : |
59 |
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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CONTACTINFORMATION
|
Company name |
Catz
International B.V. |
|
Tradename |
Catz
International B.V. |
|
Address |
Blaak
22 |
|
|
3011TA
Rotterdam |
|
|
Netherlands |
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Mail address |
Postbus
180 |
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|
3000AD
Rotterdam |
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|
Netherlands |
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Telephone number |
010
4113440 |
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Telefax number |
010
4118913 |
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E-mail address |
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|
Website |
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|
VAT number / RSIN |
001841890 |
COMPANY INFORMATION
Handelsregisternummer 24026175
Registered in Chamber
of commerce Rotterdam
First registration 18-09-1945
Act of foundation 14-12-1926
Date of constitution 1926
Last change in statutes 02-05-1977
Legal form Besloten
Vennootschap
|
Place of constitution |
Rotterdam |
|
|
Capital |
EUR
1.815.120,86 |
|
|
Issued capital |
EUR
545.897,60 |
|
|
Paid up capital |
EUR
545.897,60 |
|
|
NACE-code |
Wholesale
of coffee, tea, cacao and spices (excl. raw tropical products) (5137) |
|
SBI-code |
Wholesale
of coffee, tea, cocoa and spices (no raw) (4637) |
|
Formal objective |
Import,
export en distributie van specerijen en aanverwante artikelen, gedroogde |
|
|
zuidvruchten,
noten, kokos, gedroogde groenten en kruiden |
|
Import |
The
whole world |
|
Export |
The
whole world |
|
Brand(s) |
ROYALTY,
MATADOR, PARAMOUNT |
|
Employees |
Total:
59 |
|
Employees group |
Group:
468 |
COMPANY STRUCTURE
|
Shareholder |
Amsterdam
Commodities N.V. |
|
|
Beursplein
37 10 |
|
|
3011AA
ROTTERDAM |
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|
Netherlands |
|
|
KvK:
24191858 |
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|
Active
since: 30-12-1982 |
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|
Percentage:
100.00% |
|
Holding company |
Amsterdam
Commodities N.V. |
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|
Beursplein
37 10 |
|
|
3011AA
ROTTERDAM |
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|
KvK:
24191858 |
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Subsidiary |
Bercatz
B.V. |
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|
Blaak
22 |
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|
3011TA
ROTTERDAM |
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|
KvK:
24195899 |
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|
Tovano
B.V. |
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|
Transportweg
47 |
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|
2676LM
MAASDIJK |
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|
KvK:
27055089 |
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|
Expeditiebedr.
en Reisbureau Flowerland B.V. |
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|
Blaak
22 |
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|
3011TA
ROTTERDAM |
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|
KvK:
24097167 |
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|
Indoca
N.V. |
|
|
Postbus
180 |
|
|
3000AD
Rotterdam |
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|
KvK:
24105942 |
Marimport
B.V.
Blaak
22
3011TA
ROTTERDAM KvK: 24123318
Affiliated companies Acomo Investments B.V.
Beursplein
37 8
3011AA
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 10 e etage
3011AA
ROTTERDAM
Since:
01-01-1986
|
Bank |
ABN
Amro Bank NV |
|
|
Account
number: 42.11.26.000 |
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|
Societe
Generale |
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Account
number: 27.02.47.092 |
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|
Banque
Artesia NV |
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Account
number: 50.03.24.220 |
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Banque
Artesia NV |
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Account
number: 63.38.03.006 |
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Real estate |
Unknown |
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|
The
real estate is checked at the land registration office |
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|
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
Gabriel 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
B. Albert
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-01-2006
Date
of birth: 09-10-1970
PAYMENT INFORMATION
Payment experiences According to terms
Payments Based
on multiple payment experiences up to € 15.000
Quarter: 4 2011: 48 Average days
Quarter: 1 2012: 46 Average days
Quarter: 2 2012: 32 Average days
Quarter: 3 2012: 30 Average days
|
|
invoices |
current quarter |
2012 Q2 |
2012 Q1 |
2011 Q4 |
|
|
Total |
28 |
100% |
12.693 |
12.662 |
12.465 |
12.434 |
|
Within terms |
21 |
100,0% |
12.693 |
12.058 |
7.997 |
7.362 |
|
Delayed 0 - 30 |
7 |
0,0% |
|
604 |
4.468 |
5.072 |
|
Delayed 31 - 60 |
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FINANCIAL INFORMATION
|
Auditor |
PRICEWATERHOUSECOOPERS N.V |
|
Type of publication |
Consolidated |
|
Annual accounts van |
Amsterdam Commodities N.V. |
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|
Beursplein 37 10 |
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|
3011AA ROTTERDAM |
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|
KvK: 24191858 |
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Publication |
Steady |
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CORE FIGURES |
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|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,55 |
0,60 |
0,82 |
|
Current ratio |
1,48 |
1,50 |
1,84 |
|
Nett workingcapital / Balance total |
0,24 |
0,23 |
0,34 |
|
Capital and reserves / Balance total |
0,41 |
0,31 |
0,55 |
|
Solvency |
0,70 |
0,49 |
1,21 |
|
Capital and reserves / Fixed assets |
1,51 |
1,04 |
2,18 |
|
Nett workingcapital |
65.820.000 |
55.854.000 |
24.621.000 |
|
Capital and reserves |
111.914.000 |
74.802.000 |
39.382.000 |
|
Change capital and reserves |
49,61% |
89,94% |
12,85% |
|
change short term liabilities |
22,88% |
280,81% |
-100,00% |
|
Nett Turnover |
570.987.000 |
374.908.000 |
164.519.000 |
|
Operating profit |
40.752.000 |
29.703.000 |
13.138.000 |
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2011
Type of publication Consolidated
Turnover 2011:
570.987.000
2010:
374.908.000
2009:
164.519.000
2008:
175.315.000
Gross profit 2008:
18.419.000
Operating profit 2011:
40.752.000
BALANCE
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Other intangible assets |
|
48.072.000 |
4.605.000 |
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Intangible assets |
48.206.000 |
48.072.000 |
4.605.000 |
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Tangible assets |
25.406.000 |
23.259.000 |
1.540.000 |
|
Related companies |
|
|
11.626.000 |
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Other financial assets |
|
|
320.000 |
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Financial assets |
315.000 |
297.000 |
11.947.000 |
|
Fixed assets |
73.927.000 |
71.628.000 |
18.092.000 |
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|||
|
Stocks and work in progress |
126.639.000 |
100.282.000 |
29.757.000 |
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Trade debtors |
70.259.000 |
54.976.000 |
14.178.000 |
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Due from related parties |
|
|
11.626.000 |
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Other amounts receivable |
4.938.000 |
5.044.000 |
435.000 |
|
Accounts receivable |
75.197.000 |
60.019.000 |
14.613.000 |
|
Liquid assets |
528.000 |
6.671.000 |
9.430.000 |
|
Current assets |
202.365.000 |
166.972.000 |
53.800.000 |
|
Total assets |
276.292.000 |
238.600.000 |
71.892.000 |
|
|
|||
|
Capital and reserves |
111.914.000 |
74.802.000 |
39.382.000 |
|
Provisions |
4.337.000 |
9.723.000 |
|
|
Achtergestelde leningen |
|
19.902.000 |
2.523.000 |
|
other long term debts |
|
23.055.000 |
809.000 |
|
Long term liabilities |
23.496.000 |
42.957.000 |
3.332.000 |
|
Short term interest yielding debt |
|
59.990.000 |
13.610.000 |
|
Taxes, remuneration & soc.security |
|
|
809.000 |
|
Other short term debts |
104.937.000 |
20.306.000 |
15.569.000 |
|
Total short term debt |
136.545.000 |
111.118.000 |
29.179.000 |
|
Total debt |
160.041.000 |
154.075.000 |
32.511.000 |
|
Total Liabilities |
276.292.000 |
238.600.000 |
71.892.000 |
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|||
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PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Turnover |
570.987.000 |
374.908.000 |
164.519.000 |
|
Nett Turnover |
570.987.000 |
374.908.000 |
164.519.000 |
|
Wages employees |
28.456.000 |
18.619.000 |
|
|
Depreciation and amortization |
2.324.000 |
1.965.000 |
|
|
Raw materials |
487.629.000 |
314.648.000 |
140.891.000 |
|
Other operating charges |
11.826.000 |
9.972.000 |
10.490.000 |
|
Operating charges |
530.235.000 |
345.205.000 |
151.381.000 |
|
Operating profit |
40.752.000 |
29.703.000 |
13.138.000 |
|
Financial income |
500.000 |
254.000 |
353.000 |
|
Financial charges |
3.091.000 |
3.416.000 |
298.000 |
|
Financial result |
-2.591.000 |
-3.162.000 |
55.000 |
|
Result participations |
|
|
635.000 |
|
Result before taxes |
38.161.000 |
26.541.000 |
13.828.000 |
|
Income taxes |
11.167.000 |
8.310.000 |
3.296.000 |
|
History |
|
|
Consent statements |
Over bookyear 2010 a consent agreement is filed
Over bookyear 2009 a consent agreement is filed Over bookyear 2008 a consent
agreement is filed |
Company structure
• Amsterdam Commodities
N.V. (24191858) ROTTERDAM
o Catz International B.V.
(24026175) Rotterdam Subsidiary
Bercatz
B.V. (24195899)
ROTTERDAM
Subsidiary (100%) Tovano B.V. (27055089)
MAASDIJK
Subsidiary
(100%)
Expeditiebedr.
en Reisbureau Flowerland B.V. (24097167)
ROTTERDAM
Management relation Indoca N.V. (24105942)
Rotterdam
Management relation Marimport B.V. (24123318)
ROTTERDAM
Management
relation Acomo Investments B.V. (24168177)
ROTTERDAM
Subsidiary
■ Red River-van Eck B.V.
(20065855) ZEVENBERGEN Subsidiary
■ Van Rees Group B.V.
(51461579)
ROTTERDAM
Subsidiary
■ Van Rees B.V.
(24109248) Rotterdam Subsidiary
■
Van Rees Ceylon B.V. (24099473)
ROTTERDAM
Subsidiary (100%)
■ Vriesthee B.V. (24104276)
ROTTERDAM
Subsidiary (100%)
King Nuts
Holding B.V. (28110451)
BODEGRAVEN
Subsidiary
■ King Nuts B.V. (29047155)
BODEGRAVEN
Subsidiary
(100%) Tefco Euroingredients B.V. (29034877)
BODEGRAVEN
Subsidiary
|
o Technische Handelmaatschappij Agrotrade B.V.
(33012538) |
|
AMSTERDAM |
|
Subsidiary |
|
o Tiedeman & van
Kerchem B.V. (33081106) |
|
AMSTERDAM |
|
Subsidiary
(100%) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.98 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.