MIRA
INFORM REPORT
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Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TRADIN ORGANIC AGRICULTURE B.V. |
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Registered Office : |
Prins Hendrikkade 14 Amsterdam, 1012 TL |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.08.1985 |
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Com. Reg. No.: |
32039960 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of grain, seeds and animal feeds |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company name and address
Tradin Organic Agriculture B.V.
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Business
Description
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Tradin Organic Agriculture B.V. is primarily engaged in the wholesale
distribution of animal feeds, fertilizers, agricultural chemicals, pesticides,
seeds, and other farm supplies, except grains. |
Industry
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Industry |
Crops |
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ANZSIC 2006: |
3312 - Cereal Grain Wholesaling |
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NACE 2002: |
5121 - Wholesale of grain, seeds and
animal feeds |
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NAICS 2002: |
424510 - Grain and Field Bean Merchant
Wholesalers |
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UK SIC 2003: |
5121 - Wholesale of grain, seeds and
animal feeds |
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US SIC 1987: |
5191 - Farm Supplies |
Key Executives
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Corporate Overview
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Corporate Structure News
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Tradin Organic
Agriculture B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Coöperatie Sunopta Ua |
Parent |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Crops |
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1 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Crops |
61.6 |
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Executives Report
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Net sales |
61.6 |
57.1 |
60.2 |
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Cost of goods sold |
55.0 |
51.6 |
54.2 |
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Cost of sales |
55.0 |
51.6 |
54.2 |
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Gross profit |
6.6 |
5.5 |
6.0 |
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Total payroll costs |
2.3 |
2.4 |
2.0 |
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Change in value of fixed assets arising from revaluation |
0.1 |
- |
- |
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Other operating costs |
2.0 |
1.5 |
1.7 |
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Net operating income |
2.2 |
1.5 |
2.3 |
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Total financial income |
0.5 |
0.2 |
0.9 |
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Total expenses |
0.4 |
0.5 |
1.0 |
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Profit before tax |
2.3 |
1.2 |
2.1 |
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Profit on ordinary activities after tax |
1.7 |
0.9 |
1.6 |
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Total taxation |
0.6 |
0.3 |
0.6 |
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Profit after tax |
1.7 |
0.9 |
1.6 |
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Net profit |
1.7 |
0.9 |
1.6 |
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Annual Balance
Sheet |
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Financials in: EUR
(mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Other reserves |
9.6 |
7.9 |
7.0 |
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Total stockholders equity |
9.7 |
7.9 |
7.0 |
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Trade creditors |
3.0 |
3.2 |
1.9 |
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Total current liabilities |
20.3 |
14.3 |
22.0 |
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Total liabilities (including net worth) |
30.0 |
22.2 |
29.0 |
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Intangibles |
0.1 |
0.1 |
- |
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Total tangible fixed assets |
0.1 |
0.1 |
0.2 |
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Total non-current assets |
0.2 |
0.2 |
0.2 |
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Net stocks and work in progress |
16.0 |
9.4 |
15.0 |
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Trade debtors |
5.8 |
6.0 |
6.5 |
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Other receivables |
7.9 |
6.2 |
7.0 |
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Total receivables |
13.7 |
12.2 |
13.6 |
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Cash and liquid assets |
0.1 |
0.4 |
0.2 |
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Total current assets |
29.8 |
22.0 |
28.8 |
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Total assets |
30.0 |
22.2 |
29.0 |
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Annual Ratios |
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Financials in:
EUR (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.50 |
1.30 |
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Acid test ratio |
0.70 |
0.90 |
0.60 |
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Current liabilities to net worth |
2.12% |
1.82% |
3.13% |
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Fixed assets to net worth |
0.02% |
0.03% |
0.04% |
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Collection period |
34.30 |
38.60 |
39.60 |
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Stock turnover rate |
3.80 |
6.10 |
4.00 |
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Sales to net working capital |
6.50 |
7.40 |
8.90 |
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Asset turnover |
2.05% |
2.57% |
2.07% |
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Profit margin |
0.04% |
0.02% |
0.04% |
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Return on assets |
0.08% |
0.05% |
0.07% |
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Shareholders' return |
0.24% |
0.15% |
0.30% |
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Sales per employee |
1,579.01 |
1,463.14 |
1,718.87 |
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Profit per employee |
59.06 |
30.38 |
61.01 |
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Return on capital |
0.20% |
0.08% |
0.16% |
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Average wage per employee |
59.60 |
61.18 |
58.50 |
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Net worth |
9.6 |
7.9 |
7.0 |
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Number of employees |
39 |
39 |
35 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.29 |
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1 |
Rs.78.10 |
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Euro |
1 |
Rs.65.59 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.