MIRA
INFORM REPORT
|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
THEGRA TRACOMEX B.V. |
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|
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Registered Office : |
Bouwlingplein 34, 4901KZ Oosterhout |
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Country : |
Netherlands |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
27.02.1990 |
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Com. Reg. No.: |
20058791 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler
of grain |
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No. of Employees : |
14 employees |
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 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
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 |
Netherlands - ECONOMIC OVERVIEW
The Dutch economy is the fifth-largest economy in the euro-zone and is
noted for its stable industrial relations, moderate unemployment and inflation,
a sizable trade surplus, and an important role as a European transportation
hub. Industrial activity is predominantly in food processing, chemicals,
petroleum refining, and electrical machinery. A highly mechanized agricultural
sector employs only 2% of the labor force but provides large surpluses for the
food-processing industry and for exports. The Netherlands, along with 11 of its
EU partners, began circulating the euro currency on 1 January 2002. After 26
years of uninterrupted economic growth, the Dutch economy - highly dependent on
an international financial sector and international trade - contracted by 3.5%
in 2009 as a result of the global financial crisis. The Dutch financial sector
suffered, due in part to the high exposure of some Dutch banks to U.S.
mortgage-backed securities. In 2008, the government nationalized two banks and
injected billions of dollars of capital into other financial institutions, to
prevent further deterioration of a crucial sector. The government also sought
to boost the domestic economy by accelerating infrastructure programs, offering
corporate tax breaks for employers to retain workers, and expanding export
credit facilities. The stimulus programs and bank bailouts, however, resulted
in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply
with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE
began implementing fiscal consolidation measures in early 2011, mainly
reductions in expenditures, which resulted in an improved budget deficit of
3.8% of GDP.
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Source : CIA |
CONTACTINFORMATION
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Company name |
Thegra Tracomex B.V. |
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|
|
|
Tradename |
Tracomex
Animal Feed International |
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|
Thegra
Tracomex B.V. |
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|
|
|
Address |
Bouwlingplein
34 |
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|
4901KZ
Oosterhout |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus
319 |
|
|
4900AH
Oosterhout Nb |
|
|
Netherlands |
|
Telephone number |
0162751140 |
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Telefax number |
0162751144 |
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E-mail address |
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|
Website |
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VAT number / RSIN |
007516253 |
COMPANY INFORMATION
Handelsregisternummer 20058791
Registered in Chamber
of commerce Zuidwest-Netherlands
First registration 27-02-1990
Act of foundation 20-02-1990
Date of constitution 23-11-1989
Continuation date 20-02-1990
Last change in statutes 01-10-2012
Legal form Besloten
Vennootschap (Limited Company)
|
Place of
constitution |
Oosterhout
NB |
|
|
Capital |
EUR |
|
|
Issued capital |
EUR
136.200 |
|
|
Paid up capital |
EUR
136.200 |
|
|
NACE-code |
Wholesale
of grain (51211) |
|
SBI-code |
Wholesale
of grain (46211) |
|
|
Wholesale
of hay (46213) |
|
Formal objective |
De
im- en export alsmede de groothandel in partijen granen en
veevoedergrondstoffen en |
|
|
andere
produkten ten behoeve van de agrarische industrie. |
|
Import |
The
whole world |
|
Export |
European
Union |
Employees Total:
14
Employees according to CoC Chamber
of commerce: 14
Bookyear 2012 2011 2010
Number 14 12 11
Change 16,67% 9,09% 22,22%
COMPANY STRUCTURE
Shareholder Thegra
Tracomex Holding B.V.
Bouwlingplein 34
4901KZ OOSTERHOUT NB
Netherlands
KvK: 20130449
Active since: 01-03-2007
Percentage: 100.00%
Holding company Thegra
Tracomex Holding B.V.
Bouwlingplein 34
4901KZ OOSTERHOUT NB
KvK: 20130449
Affiliated companies Theco
International Europe B.V.
Bouwlingplein 34
4901KZ OOSTERHOUT NB
KvK: 18012154
Thegra Baltic B.V.
Bouwlingplein 34
4901KZ OOSTERHOUT NB
KvK: 18041914
Thegra B.V.
Bouwlingplein 34
4901KZ OOSTERHOUT NB
KvK: 20130450
Company structure Participations:
MUKATES S.R.O
PROPAD
Slovakian Republic
Share: 50%
|
Bank |
F.
van Lanschot Bankiers NV |
|
|
Account
number: 22.55.24.392 |
|
|
Hollandsche
Bank-Unie NV |
Real estate Lease
The real estate is
checked at the land registration office
MANAGEMENT
Management J.W. Baas
Jan Willem
Authorization: Fully authorized
Position: Manager
Date appointed: 01-03-2007
Date of birth: 24-12-1958
I. Nitsche
Ina
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-03-2007
Date of birth: 05-07-1965
PAYMENT INFORMATION
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 25.000
Quarter: 1 2012: 67 Average days
Quarter: 2 2012: 46 Average days
Quarter: 3 2012: 51 Average days
Quarter: 4 2012: 47 Average days
|
|
invoices |
current quarter |
2012 Q3 |
2012 Q2 |
2012 Q1 |
|
|
Total |
48 |
100% |
27.739 |
38.116 |
36.872 |
42.527 |
|
Within terms |
22 |
52,7% |
14.607 |
16.230 |
19.801 |
3.571 |
|
Delayed 0 - 30 |
26 |
47,3% |
13.132 |
21.886 |
17.071 |
38.956 |
|
Delayed 31 - 60 |
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|
|
|
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FINANCIAL INFORMATION
Publication financial
statement
Annual accounts 2011 are published on 31-01-2012 (Broken accounting
year)
Annual accounts 2010 are published on 27-01-2011 (Broken accounting
year)
Annual accounts 2009 are published on 15-03-2010 (Broken accounting
year)
Annual accounts 2008 are published on 05-03-2009 (Broken accounting
year)
Annual accounts 2007 are published on 17-04-2008 (Broken accounting
year)
Type of publication Corporate
Publication Steady
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
1,09 |
1,48 |
1,09 |
|
Current ratio |
1,81 |
1,71 |
1,22 |
|
Nett workingcapital
/ Balance total |
0,45 |
0,41 |
0,18 |
|
Capital and
reserves / Balance total |
0,45 |
0,42 |
0,20 |
|
Capital and
reserves / Fixed assets |
93,88 |
41,03 |
11,28 |
|
Solvency |
0,82 |
0,73 |
0,24 |
|
Nett workingcapital |
2.210.334 |
1.807.089 |
541.632 |
|
Capital and
reserves |
2.234.133 |
1.852.228 |
594.316 |
|
Change capital and
reserves |
20,62% |
211,66% |
-26,90% |
|
change short term
liabilities |
7,13% |
3,65% |
-4,34% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
Type of publication Consolidated
Gross profit 2011:
7.135.000
2010: 6.340.000
2009: 5.885.000
2008: 6.862.000
2007: 2.392.000
Operating profit 2008 3.731.000
2007: 721.000
Result after taxes 2011:
6.575.000
2010: 1.684.000
2009: 2.097.000
2008: 2.374.000
2007: 610.000
Tendency Changeable
Capital and reserves 2011
2.234.133
Total debt 2011
2.714.969
Current ratio 2011
1,81
Quick ratio 2011
1,09
Nett workingcapital 2011
2.210.334
Profitability Positive
Solvency Sufficient
Liquidity Positive
BALANCE sheet
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
30-09-2011 |
30-09-2010 |
30-09-2009 |
|
Tangible assets |
23.799 |
45.139 |
52.684 |
|
Fixed assets |
23.799 |
45.139 |
52.684 |
|
|
|||
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Stocks and work in
progress |
1.972.011 |
578.097 |
318.321 |
|
Accounts receivable |
2.938.361 |
3.755.409 |
2.668.292 |
|
Liquid assets |
14.931 |
7.912 |
|
|
Current assets |
4.925.303 |
4.341.418 |
2.986.613 |
|
Total assets |
4.949.102 |
4.386.557 |
3.039.297 |
|
|
|||
|
Capital and
reserves |
2.234.133 |
1.852.228 |
594.316 |
|
Total short term
debt |
2.714.969 |
2.534.329 |
2.444.981 |
|
Total debt |
2.714.969 |
2.534.329 |
2.444.981 |
|
Total Liabilities |
4.949.102 |
4.386.557 |
3.039.297 |
|
PROFIT & LOSS
ACCOUNT |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Gross profit |
7.135.000 |
6.340.000 |
5.885.000 |
|
Wages employees |
1.574.000 |
1.517.000 |
1.326.000 |
|
Depreciation and
amortization |
560.000 |
682.000 |
404.000 |
|
Other operating
charges |
1.482.000 |
1.217.000 |
1.075.000 |
|
Operating charges |
3.616.000 |
3.416.000 |
2.805.000 |
|
Financial income |
363.000 |
189.000 |
230.000 |
|
Financial charges |
398.000 |
544.000 |
219.000 |
|
Financial result |
-35.000 |
-355.000 |
11.000 |
|
Result
participations |
-10.000 |
-17.000 |
-24.000 |
|
Result before taxes |
-10.000 |
-17.000 |
-24.000 |
|
Income taxes |
959.000 |
808.000 |
821.000 |
|
Nett result |
6.575.000 |
1.684.000 |
2.097.000 |
|
Income attributable
to minority interest |
6.000 |
61.000 |
148.000 |
History
Modifications
Per 1-10-2012 statutes modified. Per 1-10-2012 name changed to: Thegra
Tracomex B.V..
Company structure
Thegra Tracomex
Holding B.V. (20130449)
OOSTERHOUT NB
Theco
International Europe B.V. (18012154)
OOSTERHOUT NB
Subsidiary (100%)
Thegra Baltic B.V.
(18041914)
OOSTERHOUT NB
Subsidiary (100%)
Thegra Tracomex
B.V. (20058791)
Oosterhout
Subsidiary (100%)
Thegra B.V.
(20130450)
OOSTERHOUT NB
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.07 |
|
UK Pound |
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
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 |
|
---- |
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.