MIRA INFORM REPORT

 

 

Report Date :

18.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VAN SILLEVOLDT RIJST B.V.

 

 

Registered Office :

Ketelweg 34 3356LE Papendrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

11.06.1990

 

 

Com. Reg. No.:

23063811

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Wholesale of grain

 

 

No. of Employees :

105

 

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

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D


 

CONTACTINFORMATION    

 

Company name

Van Sillevoldt Rijst B.V.

Tradename

Van Sillevoldt Rijst B.V.

Address

Ketelweg 34

 

3356LE Papendrecht

 

Netherlands

Mail address

Postbus 280

 

3350AG Papendrecht

 

Netherlands

Telephone number

0786420720

Telefax number

0786420729

E-mail address

info@vsr-rice.com

Website

www.vsr-rice.com

VAT number / RSIN

009818273

 

 

COMPANY INFORMATION

 

Handelsregisternummer 23063811

Registered in                             Chamber of commerce Rotterdam

First registration                         11-06-1990

Act of foundation                        31-05-1990

Date of constitution                    31-05-1990

Last change in statutes              12-04-2012

Legal form                                 Besloten Vennootschap

Place of constitution                   Papendrecht

 

Capital                                      EUR 6.807.000

Issued capital                            EUR 1.393.166

Paid up capital                           EUR 1.393.166

 

NACE-code                               Wholesale of grain (5121)

Wholesale of raw tropical products n.e.c. (512184)

SBI-code                                   Manufacture of grain mill products (excl. starches) (1061)

Wholesale of grain, unmanufactured tobacco, oils, seeds and animal foods (4621)

Formal objective Bewerken van en handel in rijst en andere handelsartikelen

Import                                       The whole world

Export                                       Europe

 

Employees                                Total: 105

Employees according to CoC      Chamber of commerce: 105

 

Bookyear                                 2012                             2010                             2009

Number                                     105                               110                               113

Change                                     -4,55%                         -2,65%                         0,00%

 

 

COMPANY STRUCTURE

 

Shareholder

Siacom Netherlands B.V.

 

Ketelweg 34

 

3356LE PAPENDRECHT

 

Netherlands

 

KvK: 24353063

 

Active since: 01-10-2003

 

Percentage: 100.00%

 

Bank                                         Fortis Bank (Netherlands) NV

Account number: 24.07.29.951

 

Real estate                                Property owned

The real estate is checked at the land registration office

Object code: PAPENDRECHT C 2873

Owner: VAN SILLEVOLDT RIJST BV

 

 

MANAGEMENT

 

Management                             Siacom Netherlands B.V.

Ketelweg 34

3356LE PAPENDRECHT

Netherlands

KvK: 24353063

Authorization: Fully authorized

Position: Manager

Date appointed: 03-04-2012

 

S.R.M. Armengaud

Sylvie Renée Marie-Louise

Authorization: Fully authorized

Position: Proxy

Date appointed: 04-04-2012

Date of birth: 29-01-1965

 

J.P.M.A. Bourdillon

Jean Pierre Marie Albert

Authorization: Fully authorized

Position: Proxy

Date appointed: 04-04-2012

Date of birth: 07-12-1950

 

J.R.A. Castelijn

Johannes Robertus Antonius

Authorization: Limited authorization (max: € 1.000.000)

Position: Proxy

Date appointed: 01-01-2007

Date of birth: 14-11-1967

 

T.J.W. Pruijsen

Teunis Jan Willem

Authorization: Limited authorization (max: € 500.000)

Position: Proxy

Date appointed: 01-11-2006

Date of birth: 23-01-1968

 

J.B. Spanjersberg - Meinster

Jeanette Brigitta

Authorization: Limited authorization (max: € 1.000.000)

Position: Proxy

Date appointed: 20-11-2006

Date of birth: 12-09-1972

 

H. Verschoor

Hendrikus

Authorization: Limited authorization (max: € 700.000)

Position: Proxy

Date appointed: 01-01-2002

Date of birth: 10-12-1956

 

 

Management

Name: Marbour S.A.S.

Office address: Rue Armagnac ZI no. 1, 97420 Le Port, La Reunion, France

Registered in: Registre du commerce Saint Denis, France with registration number

310863493 No. de Gestion 72 B 92

Date in function: 03-04-2012 (date registration type: 06-07-2012)

Titel: Manager

Authorization: Fully authorized

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 7.500

Quarter: 4 2011: 62 Average days

Quarter: 1 2012: 50 Average days

Quarter: 2 2012: 54 Average days

Quarter: 3 2012: 54 Average days

 

 

 

invoices

current quarter

2012 Q2

2012 Q1

2011 Q4

Total

38

100%

11.318

11.318

17.236

18.385

Within terms

19

63,7%

7.205

7.205

12.522

10.464

Delayed 0 - 30

13

36,3%

4.113

4.113

922

780

Delayed 31 - 60

5

0,0%

 

 

3.316

7.141

Delayed 61 - 90

1

0,0%

 

 

476

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION 

 

Auditor

Ernst & Young

Publication financial statement

Annual accounts 2010 are published on 24-02-2012

 

Annual accounts 2009 are published on 01-02-2011

 

Annual accounts 2008 are published on 11-02-2010

 

Annual accounts 2007 are published on 28-01-2009

Type of publication

Corporate

Publication

Publication according to obligations by law

 

 

CORE FIGURES       

           

BOOKYEAR

2010

2009

2008

Quick ratio

0,56

1,08

0,68

Current ratio

1,27

1,84

1,35

Nett workingcapital / Balance total

0,18

0,40

0,23

Capital and reserves / Balance total

0,34

0,53

0,33

Capital and reserves / Fixed assets

2,09

3,92

3,12

Solvency

0,52

1,12

0,49

Nett workingcapital

4.561.000

10.029.000

7.421.000

Capital and reserves

8.664.000

13.328.000

10.504.000

Change capital and reserves

-34,99%

26,88%

41,83%

change short term liabilities

40,65%

-43,92%

7,56%

Operating profit

-1.381.000

6.297.000

5.425.000

Nett Turnover

81.961.000

103.317.000

118.406.000

Profitability operating profit

negative

positive

positive

 

 

Annual accounts                                    The company is obligated to publish its annual accounts

Last annual accounts                             2010

 

Type of publication

Corporate

Turnover

2010: 81.961.000

 

2009: 103.317.000

 

2008: 118.406.000

 

2007: 80.578.000

 

2006: 61.074.000

 

2005: 67.534.000

Gross profit

2007: 6.144.000

 

2006: 3.895.000

 

2005: 9.269.000

Operating profit

2010: -1.381.000

 

 

 

2009: 6.297.000

2008: 5.425.000

2007: -349.000

2006: -2.360.000

2005: 2.434.000

 

Result after taxes                       2010: -1.275.000

2009: 4.283.000

2008: 3.029.000

2007: 745.000

2006: -1.917.000

2005: 1.487.000

 

Tendency                                  Changeable

 

Capital and reserves                   2010 8.664.000

Total debt                                  2010 16.715.000

Current ratio                              2010 1,27

Quick ratio                                2010 0,56

Nett workingcapital                     2010 4.561.000

 

Profitability                                Negative

Solvency                                   Just satisfactory

Liquidity                                    Moderate

 

Currency                                   Euro

 

 

BALANCE

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Tangible assets

3.711.000

3.023.000

3.002.000

Financial assets

426.000

376.000

370.000

Fixed assets

4.137.000

3.399.000

3.372.000

 

Stocks and work in progress

11.944.000

9.113.000

14.224.000

Trade debtors

6.267.000

9.892.000

12.904.000

Other amounts receivable

1.690.000

2.603.000

1.481.000

Accounts receivable

7.957.000

12.495.000

14.385.000

Liquid assets

1.375.000

305.000

2.000

Current assets

21.276.000

21.913.000

28.611.000

Total assets

25.413.000

25.312.000

31.983.000

 

Capital and reserves

8.664.000

13.328.000

10.504.000

Provisions

34.000

53.000

54.000

other long term debts

 

47.000

235.000

Long term liabilities

 

47.000

235.000

Other short term debts

8.758.000

7.835.000

13.712.000

Total short term debt

16.715.000

11.884.000

21.190.000

Total debt

16.715.000

11.931.000

21.479.000

Total Liabilities

25.413.000

25.312.000

31.983.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2010

2009

2008

Turnover

81.961.000

103.317.000

118.406.000

Nett Turnover

81.961.000

103.317.000

118.406.000

Wages employees

 

6.328.000

 

Depreciation and amortization

691.000

810.000

 

Raw materials

80.377.000

89.107.000

106.141.000

Other operating charges

2.274.000

775.000

6.840.000

Operating charges

83.342.000

97.020.000

112.981.000

Operating profit

-1.381.000

6.297.000

5.425.000

Financial income

9.000

4.000

9.000

Financial charges

342.000

560.000

1.311.000

Financial result

-333.000

-556.000

-1.302.000

Result before taxes

-1.714.000

5.741.000

4.123.000

Income taxes

-439.000

1.458.000

1.094.000

Result after taxes

-1.275.000

4.283.000

3.029.000

Nett result

-1.275.000

4.283.000

3.029.000

 

 

History

 

Management                             Per 03-04-2012 manager 24353063 Siacom Netherlands B.V. appointed.

Per 03-04-2012 manager Marbour S.A.S. France appointed.

Per 04-04-2012 is Proxy Sylvie Renée Marie-Louise Armengaud appointed.

Per 04-04-2012 is Proxy Jean Pierre Marie Albert Bourdillon appointed.

Per 15-05-2012 is Proxy Gérard Marie Van Arendonk out of office.

Per 03-04-2012 is Commissaris Sylvie Renée Marie-Louise Armengaud out of office.

Per 03-04-2012 is Commissaris Jean Pierre Marie Albert Bourdillon out of office.

Per 03-04-2012 is Commissaris Chantal Anne Marie de Palmas out of office.

Per 27-10-2010 is Commissaris Xavier Mario Michel Thieblin out of office.

Per 28-05-2010 is Proxy Gérard Marie Van Arendonk appointed.

Per 26-03-2010 manager Siacom S.A.S. France appointed.

Per 26-03-2010 manager Gérard Marie Van Arendonk out of office.

Per 15-04-2009 is Commissaris Sylvie Renée Marie-Louise Armengaud appointed.

Per 15-04-2009 is Commissaris Alain Claude Joël Papet out of office.

 

Modifications                             Issued capital changed to EUR 1.393.166,00 Paid up capital changed to EUR

1.393.166,00.

Per 12-4-2012 statutes modified.

 

Company structure

 

• Van Sillevoldt Rijst B.V. (23063811) Papendrecht

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.30

Euro

1

Rs.67.73

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.