MIRA INFORM REPORT

 

 

Report Date :

24.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SCHILS B.V.

 

 

Registered Office :

Dr. Nolenslaan 121, 6136GM Sittard

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

13.05.1963

 

 

Com. Reg. No.:

14004575

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Hunting

Manufacturer of food products and beverages

 

 

No. of Employees :

110 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

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


CONTACT INFORMATION

 

 

 

Company name

Schils B.V.

Tradename

Schils B.V.

Address

Dr. Nolenslaan 121

 

6136GM Sittard

 

Netherlands

Mail address

Postbus 435

 

6130AK Sittard

 

Netherlands

Telephone number

0464599900

Telefax number

0464599999

E-mail address

info@schils.com

Website

www.schils.com

VAT number / RSIN

001731683

 

 

COMPANY INFORMATION

 

Handelsregisternummer 14004575

Registered in                             Chamber of commerce Limburg

First registration                         13-05-1963

Act of foundation                        02-05-1963

Date of constitution                    05-1925

Last change in statutes              19-01-2005

Legal form                                 Besloten Vennootschap (Limited Company)

Place of constitution                   Sittard, gemeente Sittard-Geleen

 

Capital

EUR 81.000

 

Issued capital

EUR 16.200

 

Paid up capital

EUR 16.200

 

 

NACE-code

Hunting (0150)

MANUFACTURE OF FOOD PRODUCTS AND BEVERAGES (15)

Manufacture of prepared feeds for farm animals (cattle feeds) (1571)

SBI-code

AGRICULTURE (01)

Slaughterhouses (no poultry) (1011)

Manufacture of prepared feeds for farm animals (1091)

Wholesale of arable farming products and cattle feeds (46218)

Formal objective

Handel in melen, granen, kunstmest, grondstoffen voor veevoederindustrie en menselijke consumptie, fabricage van voeders en mengsels voor menselijke en/of dierlijke consumptie en het mesten en slachten van kalveren, kippen, slachtvee, de handel daarin en in vlees(waren)

Import

The whole world

Export

The whole world

 

 

Employees

Total: 110

 

 

Employees group

Group: 1700

 

 

Employees according to CoC

Chamber of commerce: 110

 

 

Bookyear

2012

2010

2009

Number

110

71

70

Change

54,93%

1,43%

0,00%

 

 

COMPANY STRUCTURE

 

 

 

Shareholder

Schils Holding B.V.

 

Nijverheidsweg 11

 

3641RP MIJDRECHT

 

Netherlands

 

KvK: 14628161

 

Active since: 30-12-1993

 

Percentage: 100.00%

Ultimate parent company

Van Drie Holding B.V.

 

Nijverheidsweg 11

 

3641RP Mijdrecht

 

KvK: 30139207

Holding company

Schils Holding B.V.

 

Nijverheidsweg 11

 

3641RP MIJDRECHT

 

KvK: 14628161

Affiliated companies

Schils Food B.V.

 

Dr Nolenslaan 121

 

6136GM SITTARD

 

KvK:14042684

 

Schils Overseas B.V.

 

Dr Nolenslaan 121

 

6136GM SITTARD

KVK: 14056709

 

Bank                 ABN Amro Bank NV

Rabobank Netherlands

Account number: 10.09.29.702

 

Real estate        Property owned

The real estate is checked at the land registration office

Object code: SITTARD K 2563

Owner: SCHILS B.V.

 


 

MANAGEMENT

 

Management                 Schils Holding B.V.

Nijverheidsweg 11

3641RP MIJDRECHT

Netherlands

KvK: 14628161

Authorization: Fully authorized

Position: Manager

Date appointed: 29-12-2004

 

H.J.P.L. Houbiers

Hubertus Jacobus Philomena Leo

Authorization: Limited authorization

Position: Manager

Date appointed: 01-03-1999

Date of birth: 29-08-1959

 

L. van den Broek

Leendert

Authorization: Fully authorized

Position: General director

Date appointed: 01-12-2006

Date of birth: 07-05-1966

 

M.R.E. Franken

Mark Rudi Eddy

Authorization: Limited authorization

Position: Proxy

Date appointed: 12-03-2006

Date of birth: 05-03-1974

 

F.A.E. Martens

Frank Alfons Elisabeth

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-03-1999

Date of birth: 04-03-1967

 

C. Meijer

Cornelis

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-2001

Date of birth: 31-07-1951


PAYMENT INFORMATION

 

Payment experiences     Payments are regular, no complaints are known

Payments Based on multiple payment experiences up to € 25.000

 

·         Quarter: 4 2011: 44 Average days

Quarter: 1 2012: 34 Average days

Quarter: 2 2012: 42 Average days

Quarter: 3 2012: 41 Average days

 

 

invoices

current quarter

2012 Q2

2012 Q1

2011 Q4

Total

127

100%

87.116

86.749

90.227

86.663

Within terms

95

77,1%

67.203

65.361

82.852

64.441

Delayed 0 - 30

31

22,9%

19.913

21.388

7.375

21.388

Delayed 31 - 60

 

 

 

 

 

 

Delayed 61 - 90

1

0,0%

 

 

 

834

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Auditor                                      Mazars Paardekooper Hoffman

Publication financial statement    Annual accounts 2010 are published on 15-02-2012

Annual accounts 2009 are published on 15-02-2011

Annual accounts 2008 are published on 01-02-2010

Annual accounts 2007 are published on 13-02-2009

Type of publication                     Corporate

Publication                                Publication according to obligations by law

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

0,40

0,30

0,39

Current ratio

0,50

0,40

0,51

Nett workingcapital / Balance total

-0,31

-0,32

-0,25

Capital and reserves / Balance total

-0,50

-0,58

-0,84

Capital and reserves / Fixed assets

-0,72

-0,75

-1,13

Solvency

-0,37

-0,42

-0,55

Nett workingcapital

-19.738.000

-19.597.000

-14.012.000

Capital and reserves

-31.707.000

-35.621.000

-47.785.000

Change capital and reserves

10,99%

25,46%

18,28%

change short term liabilities

20,98%

14,72%

15,71%

Operating profit

3.800.000

2.596.000

3.065.000

Nett Turnover

106.745.000

88.001.000

100.067.000

Profitability operating profit

positive

positive

positive

 

Annual accounts                        The company is obligated to publish its annual accounts

 

Last annual accounts                 2010

 

 

Type of publication

Corporate

Turnover

2010:

106.745.000

 

2009:

88.001.000

 

2008:

100.067.000

 

2007:

116.124.000

 

2006:

122.339.000

 

2005:

106.878.000

Gross profit

2007:

8.347.000

 

2006:

4.494.000

 

2005:

10.613.000

Operating profit

2010:

3.800.000

 

2009:

2.596.000

 

2008:

3.065.000

 

2007:

14.747.000

 

2006:

-1.990.000

 

2005:

-611.000

Result after taxes

2010:

3.914.000

 

2009:

12.164.000

 

2008:

10.686.000

 

2007:

-3.189.000

 

2006:

-9.500.000

 

2005:

-6.575.000


 

Capital and reserves       2010 -31.707.000

Total debt                      2010 95.741.000

Current ratio                  2010 0,50

Quick ratio                    2010 0,40

Nett workingcapital         2010 -19.738.000

 

Profitability                    More than sufficient

Solvency                       Negative

Liquidity                        Negative

 

Currency                       Euro

 

 

BALANCE sheet

 

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Land and buildings

 

4.665.000

 

Machinery

 

6.022.000

 

Tangible assets

11.385.000

13.201.000

12.844.000

Related companies

 

34.531.000

 

Financial assets

32.572.000

34.531.000

29.314.000

Fixed assets

43.957.000

47.732.000

42.158.000

 

Stocks and work in progress

4.301.000

3.562.000

3.357.000

Trade debtors

5.941.000

4.572.000

5.053.000

Due from related parties

 

4.873.000

 

Other amounts receivable

 

304.000

6.261.000

Accounts receivable

15.774.000

9.749.000

11.314.000

Liquid assets

2.000

2.000

3.000

Current assets

20.077.000

13.313.000

14.674.000

Total assets

64.034.000

61.045.000

56.832.000

 

Capital and reserves

-31.707.000

-35.621.000

-47.785.000

Provisions

10.426.000

11.756.000

17.431.000

other long term debts

 

52.000.000

58.500.000

Long term liabilities

45.500.000

52.000.000

58.500.000

Short term interest yielding debt

 

12.985.000

 

Other short term debts

34.889.000

15.516.000

18.035.000

Total short term debt

39.815.000

32.910.000

28.686.000

Total debt

95.741.000

84.910.000

104.617.000

Total Liabilities

64.034.000

61.045.000

56.832.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2010

2009

2008

Turnover

106.478.000

87.471.000

100.629.000

Other operating income

534.000

1.060.000

1.124.000

Nett Turnover

106.745.000

88.001.000

100.067.000

Operating charges

102.945.000

85.405.000

97.002.000

Operating profit

3.800.000

2.596.000

3.065.000

Financial income

3.429.000

12.420.000

11.091.000

Financial charges

3.157.000

2.935.000

3.605.000

Financial result

272.000

9.485.000

7.486.000

Result before taxes

4.072.000

12.081.000

10.551.000

Income taxes

158.000

-83.000

-135.000

Result after taxes

3.914.000

12.164.000

10.686.000

Nett result

3.914.000

12.164.000

10.686.000

 

 

Company structure

 

Van Drie Holding B.V. (30139207)

Mijdrecht

 

Navobi Beheer B.V. (08001489)

ERMELO

Subsidiary (100%)

 

Navobi B.V. (08017401)

ERMELO

Subsidiary (100%)

 

Oukro B.V. (08027400)

APELDOORN

Subsidiary (100%)

 

Ekro B.V. (08033633)

APELDOORN

Subsidiary (100%)

 

Alpuro Holding B.V. (08045760)

Uddel

Subsidiary (100%)

 

Alpuro Onroerend Goed B.V. (08024402)

UDDEL

Subsidiary (100%)

 

Veevoederbedrijf Alpuro B.V. (08050218)

UDDEL

Subsidiary (100%)

 

Peter's Farm B.V. (08072911)

APELDOORN

Subsidiary (100%)

 


Alpuro Assets B.V. (08094833)

UDDEL

Subsidiary (100%)

 

ESA Foods B.V. (08130270)

APELDOORN

Subsidiary (100%)

 

Alpuro Breeding B.V. (08130272)

UDDEL

Subsidiary (100%)

 

Kalver Slachterij Aalten B.V. (09020456)

AALINN

Subsidiary (100%)

 

Melkweg Zuivelprodukten B.V. (09077931)

EDE GLD

Subsidiary (100%)

 

Melkweg Holland B.V. (09077207)

EDE GLD

Subsidiary (100%)

 

Melkweg Dairy Products B.V. (09092183)

EDE GLD

Subsidiary (100%)

 

Milkway B.V. (09131515)

EDE GLD

Subsidiary (100%)

 

Dutch Dairy Traders B.V. (09131518)

EDE GLD

Subsidiary (100%)

 

Dutch Whey Traders B.V. (09131520)

EDE GLD

Subsidiary (100%)

 

Dutch Milk Traders B.V. (09131521)

EDE GLD

Subsidiary (100%)

 

Dutch Cheese Traders B.V. (09131522)

EDE GLD

Subsidiary (100%)

 

Schils Holding B.V. (14628161)

MIJDRECHT

Subsidiary (100%)


Schils B.V. (14004575)

Sittard

Subsidiary (100%)

 

Schils Food B.V. (14042684)

SITTARD

Subsidiary (100%)

 

Schils Overseas B.V. (14056709)

SITTARD

Subsidiary (100%)

 

T. Boer en Sons Beheer B.V. (29010596)

NIEUWERKERK AD IJSSEL

Subsidiary (100%)

 

T. Boer en Sons B.V. (29021606)

NIEUWERKERK AD IJSSEL

Subsidiary (100%)

 

Tentego Beheer B.V. (30033651)

MIJDRECHT

Subsidiary

 

B.V. Tentego (30072551)

MIJDRECHT

Subsidiary

 

Veelust Kamerik B.V. (30088665)

MIJDRECHT

Subsidiary

 

Van Drie B.V. (30144370)

MIJDRECHT

Subsidiary


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.80

Euro

1

Rs.67.43

 

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

----

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.