MIRA INFORM REPORT
|
Report Date : |
05.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TROUW NUTRITION HIFEED B.V. |
|
|
|
|
Registered Office : |
Veerstraat 38, 5831JN Boxmeer |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
23.02.1990 |
|
|
|
|
Com. Reg. No.: |
38021507 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of mixed and concentrate feeds |
|
|
|
|
No. of Employees
: |
11 |
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 |
|
Maximum Credit Limit : |
€ 500.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Trouw
Nutrition Hifeed B.V. |
|
Tradename |
Trouw
Nutrition Hifeed B.V. |
|
|
Hendrix |
|
|
Selko |
|
|
Milkivit |
|
|
Nutreco |
|
Address |
Veerstraat
38 |
|
|
5831JN
Boxmeer |
|
|
Netherlands |
|
Mail address |
Postbus
1 |
|
|
5830MA
Boxmeer |
|
|
Netherlands |
|
Telephone number |
0485589988 |
|
Telefax number |
0485575567 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
007436944 |
CREDIT LIMIT
Credit limit A
credit of € 500.000 may be granted
COMPANY INFORMATION
|
Handelsregisternummer |
38021507 |
|
Registered in |
Chamber of commerce Brabant |
|
First registration |
23-02-1990 |
|
Act of foundation |
22-02-1990 |
|
Date of constitution |
01-01-1990 |
|
Continuation date |
22-02-1990 |
|
Last change in statutes |
31-10-2003 |
|
Legal form |
Besloten Vennootschap
(Limited Company) |
|
Place of constitution |
Boxmeer |
|
Capital |
EUR 90.000 |
|
Issued capital |
EUR 18.000 |
|
Paid up capital |
EUR 18.000 |
NACE-code Wholesale
of mixed and concentrate feeds (51214)
SBI-code Wholesale
of mixed and concentrate feeds (46214)
Formal objective Handel
in, alsmede import en export van met name veevoeders, concentraten, premixen
en grondstoffen en alle andere goods. Het
verlenen van diensten, inclusief overdracht van kennis, op agrarisch gebied aan
anderen
(Trade in, and import and export
of particular feed, concentrates, premixes and commodities and other goods. The provision of services, including transfer of knowledge, in the agricultural
sector to others)
Employees Total:
11
Employees according to CoC Chamber
of commerce: 11
COMPANY STRUCTURE
Shareholder Nutreco
Netherlands B.V.
Veerstraat 38
5831JN BOXMEER
Netherlands
KvK: 16058721
Active since: 12-10-2011
Percentage: 100.00%
Ultimate parent company Nutreco N.V.
Veerstraat 38
5831JN Boxmeer
KvK:16074305
Holding company Nutreco
Netherlands B.V.
Veerstraat 38
5831JN BOXMEER
KvK: 16058721
Affiliated companies Trouw
Nutrition Netherlands B.V.
Nijverheidsweg 2
3881LA PUTINN
KvK: 08013919
Masterlab B.V.
Nijverheidsweg 2
3881LA PUTINN
KvK: 08120541
Hendrix UTD B.V.
Veerstraat 38
5831JN BOXMEER
KvK: 16019743
Hedimix
B.V.
Veerstraat
38
5831JN
BOXMEER
KvK:
16034573
Hendrix'
Assurantiekantoor B.V.
Veerstraat
38
5831JN
BOXMEER
KvK:
16034778
Dinex
BV
Helmkamp
11
7091HR
DINXSINCELO
KvK:
29020484
Liability declaration Nutreco N.V. (16074305)
Veerstraat 38 5831JN Boxmeer
Bank ABN Amro Bank NV
Account number: 44.53.71.196
|
Real estate |
Group-property
owned |
|
|
The
real estate is checked at the land registration office |
|
|
Object
code: BOXMEER L 2853 |
|
|
Owner:
NUTRECO NETHERLANDS B.V. |
MANAGEMENT
Management Nutreco Netherlands
B.V.
Veerstraat 38
5831JN BOXMEER Netherlands
KvK: 16058721
Authorization: Jointly authorized
Position: Manager
Date appointed: 17-12-1998
R.
Kiers Rob
Authorization:
Jointly authorized
Position:
Manager
Date
appointed: 01-05-2011
Date
of birth: 23-09-1980
H.
de Wildt Harm
Authorization:
Jointly authorized
Position:
Manager
Date
appointed: 01-05-2011
Date
of birth: 23-10-1962
H.A.
van de Kolk Henricus Antonius
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-02-2004
Date
of birth: 29-05-1966
M.J.
van de Wall Maria Johanna
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-10-2011
Date
of birth: 27-02-1963
A.
Keesman Aafje
Authorization:
Limited authorization
Position:
Proxy Date appointed: 01-02-1999
Date
of birth: 10-04-1953
F.R.
Mustafajev Famil Rizvan
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 25-08-2011
Date
of birth: 20-01-1964
R.H.E.
de Waal
Remco
Hans Erik
Authorization:
Limited authorization
Position:
Proxy Date appointed: 01-10-2011
Date
of birth: 17-07-1970
D.C.A.M.
Wind - van Es Danielle Catharina Anna Maria
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-09-2005 Date of birth: 27-12-1975
R.M.
Wirken Remko Mark
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 26-09-2011
Date
of birth: 01-07-1981
PAYMENT INFORMATION
Payment experiences According to terms
Payments Based on multiple payment
experiences up to € 25.000
·
Quarter:
2 2011: 30 Average days
·
Quarter:
3 2011: 31 Average days
·
Quarter:
4 2011: 30 Average days
·
Quarter:
1 2012: 30 Average days
Quarter
|
|
Invoices |
Current Quarter |
2011 Q4 |
2011 Q3 |
2011 Q2 |
|
|
Total |
25 |
100% |
71.993 |
71.993 |
71.273 |
71.993 |
|
Within terms |
24 |
100,0% |
71.993 |
71.993 |
70.553 |
71.993 |
|
Delayed 0 – 30 |
1 |
0,0% |
-- |
-- |
720 |
-- |
|
Delayed 31 - 60 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Delayed 61 - 90 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Delayed 91 - 120 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Delayed 120+ days |
-- |
-- |
-- |
-- |
-- |
-- |
FINANCIAL INFORMATION
|
|
|
|
Type of publication |
Consolidated |
|
|
|
|
Annual accounts van |
Nutreco N.V. |
|
|
Veerstraat 38 |
|
|
5831JN Boxmeer |
|
|
KvK:16074305 |
|
|
|
|
Publication |
Publication according to
obligations by law |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,86 |
1,02 |
0,94 |
|
Current ratio |
1,11 |
1,28 |
1,32 |
|
Nett workingcapital /
Balance total |
0,06 |
0,13 |
0,15 |
|
Capital and reserves /
Balance total |
0,35 |
0,34 |
0,30 |
|
Capital and reserves /
Fixed assets |
0,82 |
0,80 |
0,78 |
|
Solvency |
0,53 |
0,53 |
0,43 |
|
Nett workingcapital |
137.700.000 |
267.800.000 |
324.600.000 |
|
Capital and reserves |
819.600.000 |
730.200.000 |
655.000.000 |
|
Change capital and
reserves |
12,24% |
11,48% |
0,58% |
|
change short term
liabilities |
30,36% |
-7,99% |
15,14% |
|
Nett Turnover |
4.980.200.000 |
4.554.600.000 |
4.980.100.000 |
|
Operating profit |
185.700.000 |
157.900.000 |
172.100.000 |
Annual accounts The published financial information is the consolidated group information.
Last annual accounts 2010
|
Type of publication |
Consolidated |
|
|
Turnover |
2010: |
4.980.200.000 |
|
|
2009: |
4.554.600.000 |
|
|
2008: |
4.980.100.000 |
|
|
2007: |
4.021.100.000 |
|
|
2006: |
3.031.300.000 |
|
Operating profit |
2010: |
185.700.000 |
|
|
2009: |
157.900.000 |
|
|
2008: |
172.100.000 |
|
|
2007: |
149.000.000 |
|
|
2006: |
113.300.000 |
|
Result after taxes |
2010: |
113.000.000 |
|
|
2009: |
90.300.000 |
|
|
2008: |
114.800.000 |
|
|
2007: |
120.700.000 |
|
|
2006: |
520.500.000 |
BALANCE SHEET
Currency in Euro
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of book
year |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Goodwill |
|
191.500.000 |
176.000.000 |
|
Other Intangible Assets |
347.300.000 |
118.900.000 |
110.200.000 |
|
Intangible Assets |
347.300.000 |
310.400.000 |
286.200.000 |
|
Land and Buildings |
|
243.700.000 |
213.300.000 |
|
Machinery |
|
230.400.000 |
208.700.000 |
|
Tangible assets |
564.600.000 |
517.100.000 |
478.100.000 |
|
Related Companies |
62.100.000 |
63.200.000 |
14.400.000 |
|
Financials assets |
88.100.000 |
89.500.000 |
76.700.000 |
|
Other fixed assets |
26.000.000 |
26.300.000 |
62.300.000 |
|
Fixed Assets |
1.000.000.000 |
917.000.000 |
841.000.000 |
|
Stock and work in Progress |
309.000.000 |
251.000.000 |
384.300.000 |
|
Trade Debtors |
674.700.000 |
540.800.000 |
601.700.000 |
|
Due from related parties |
40.200.000 |
|
|
|
Other amounts
receivables |
175.200.000 |
210.200.000 |
194.800.000 |
|
Account Receivables |
823.900.000 |
724.700.000 |
734.200.000 |
|
Liquid assets |
230.800.000 |
232.600.000 |
228.300.000 |
|
Current assets |
1.363.700.000 |
1.208.300.000 |
1.346.800.000 |
|
Total assets |
2.363.700.000 |
2.125.300.000 |
2.187.800.000 |
|
Minority assets |
|
10.500.000 |
2.100.000 |
|
Capital and reserves |
819.600.000 |
730.200.000 |
655.000.000 |
|
Provisions |
|
|
12.200.000 |
|
Achtergestelde leningen |
|
|
412.500.000 |
|
other long term debts |
318.100.000 |
444.100.000 |
75.400.000 |
|
Long term liabilities |
318.100.000 |
444.100.000 |
487.900.000 |
|
Short term interest yielding debt |
|
|
96.300.000 |
|
Taxes, remuneration & soc.security |
|
15.400.000 |
11.900.000 |
|
Other short term debts |
1.226.000.000 |
940.500.000 |
300.500.000 |
|
Total short term debt |
1.226.000.000 |
940.500.000 |
1.022.200.000 |
|
Total debt |
1.544.100.000 |
1.384.600.000 |
1.522.300.000 |
|
Total Liabilities |
2.363.700.000 |
2.125.300.000 |
2.187.800.000 |
PROFIT & LOSS ACCOUNT
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Turnover |
|
4.517.300.000 |
4.943.100.000 |
|
Other operating income |
47.700.000 |
37.300.000 |
44.100.000 |
|
Nett Turnover |
4.980.200.000 |
4.554.600.000 |
4.980.100.000 |
|
Wages employees |
486.500.000 |
295.200.000 |
427.500.000 |
|
Depreciation and
amortization |
69.700.000 |
64.800.000 |
61.400.000 |
|
Raw materials |
3.914.900.000 |
3.573.500.000 |
3.983.500.000 |
|
Other operating charges |
323.400.000 |
463.200.000 |
335.600.000 |
|
Operating charges |
4.794.500.000 |
4.396.700.000 |
4.808.000.000 |
|
Operating profit |
185.700.000 |
157.900.000 |
172.100.000 |
|
Financial income |
7.500.000 |
6.700.000 |
6.900.000 |
|
Financial charges |
43.300.000 |
38.300.000 |
38.100.000 |
|
Financial result |
-35.800.000 |
-31.600.000 |
-31.200.000 |
|
Result participations |
2.200.000 |
1.400.000 |
2.100.000 |
|
Result before taxes |
152.100.000 |
127.700.000 |
143.000.000 |
|
Income taxes |
39.100.000 |
34.700.000 |
37.200.000 |
|
Result after taxes |
113.000.000 |
93.000.000 |
105.800.000 |
|
Extraordinary result |
|
|
11.100.000 |
|
Taxes on extraordinary
result |
|
|
11.100.000 |
|
Extraordinary result after taxes |
|
|
11.100.000 |
|
Nett result |
113.000.000 |
90.300.000 |
114.800.000 |
|
Income attributable to minority interest |
|
-2.700.000 |
10.500.000 |
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
Management Since
01-10-2011 is Proxy Remco Hans Erik de Waal appointed.
Since 26-09-2011 is Proxy Remko Mark Wirken
appointed.
Since 25-08-2011 is Proxy Famil Rizvan
Mustafajev appointed.
Since 01-07-2011 is Proxy Abraham Dreschler
out of office.
Since 01-05-2011 manager Harm de Wildt
appointed.
Since 01-05-2011 manager Rob Kiers
appointed.
Since 01-05-2011 manager Hendrikus Anthonius
Maria Maatman out of office.
Since 01-05-2011 manager Johannes Adrianus Henricus
Maria Smulders out of office.
Since 01-05-2011 manager Harm de Wildt
appointed.
Since 01-05-2011 manager Rob Kiers
appointed.
Since 01-05-2011 manager Hendrikus Anthonius
Maria Maatman out of office.
Since 01-05-2011 manager Johannes Adrianus
Henricus Maria Smulders out of office.
Company structure
Nutreco N.V. (16074305)
Boxmeer
Nutreco International B.V.
(16074327)
BOXMEER Subsidiary (100%)
Nutreco B.V. (16015739)
BOXMEER
Subsidiary
Trouw Nutrition
International B.V. (08118433)
PUTINN
Subsidiary (100%)
De Korver B.V. (16019740)
BOXMEER
Subsidiary
Hendrix Beleggingen
International B.V. (16047620)
BOXMEER
Subsidiary (100%)
Trouw International B.V.
(16054174)
BOXMEER
Subsidiary
Hendrix International
Investments B.V. (16055548)
BOXMEER
Subsidiary (100%)
Nutreco Netherlands B.V.
(16058721)
BOXMEER
Subsidiary
Trouw Nutrition Netherlands
B.V. (08013919)
PUTINN
Subsidiary (100%)
Masterlab B.V. (08120541)
PUTINN
Subsidiary (100%)
Hendrix UTD B.V. (16019743)
BOXMEER
Subsidiary (100%)
Reudink Biologische Voeders
B.V. (01055440)
BOXMEER
Subsidiary (100%)
Stimulan B.V. (09079210)
BOXMEER
Subsidiary (100%)
Hedimix B.V. (16034573)
BOXMEER
Subsidiary (100%)
Hendrix' Assurantiekantoor
B.V. (16034778)
BOXMEER
Subsidiary (100%)
Dinex BV (29020484)
DINXSINCELO
Subsidiary (100%)
Trouw Nutrition Hifeed B.V.
(38021507)
Boxmeer
Subsidiary (100%)
Trouw Nutrition India B.V.
(17192496)
BOXMEER
Subsidiary
Selko B.V. (18025624)
TILBURG
Subsidiary
Hifeed Russia B.V.
(17156470)
BOXMEER
Subsidiary (100%)
Trouw Horos B.V. (17221186)
BOXMEER
Subsidiary
Nutreco Assurantie N.V.
(17238032)
BOXMEER
Subsidiary
Nutreco Brasil B.V.
(17263185)
BOXMEER
Subsidiary (100%)
Nutritional Ingredients
B.V. (32136257)
AMERSFOORT
Subsidiary
Nutreco Asia Support B.V.
(32143371)
AMERSFOORT
Subsidiary (100%)
Sloten Groep B.V.
(38018665)
DEVENTER
Subsidiary (100%)
Sloten B.V. (38024128)
DEVENTER
Subsidiary (100%)
Nutreco Investments B.V.
(53219716)
AMERSFOORT
Subsidiary (100%)
Trouw Nutrition Russia B.V.
(17190366)
BOXMEER
Management relation
Trouw Nutrition Belgorod
B.V. (17227591)
BOXMEER
Management relation
Nutreco North America B.V.
(17209311)
BOXMEER
Several liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
|
UK Pound |
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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.