MIRA
INFORM REPORT
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Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
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Name : |
VAN SILLEVOLDT RIJST B.V. |
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Registered Office : |
Ketelweg 34 Papendrecht, 3356 LE |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
31.05.1990 |
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Com. Reg. No.: |
230638110000 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of grain mill products |
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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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
Van Sillevoldt Rijst
B.V.
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Business
Description
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Van Sillevoldt Rijst B.V. is primarily engaged in milling flour or meal
from grain, except rice. The products of flour mills may be sold plain or in
the form of prepared mixes or doughs for specific purposes. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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%2008-Nov-2012_files/image002.gif){kind=small}
%2008-Nov-2012_files/image003.gif){kind=small}
%2008-Nov-2012_files/image004.gif){kind=small}
Corporate Structure News
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Van Sillevoldt
Rijst B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Papendrecht, Zuid-Holland |
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Commercial Banks |
143.7 |
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Subsidiary |
Papendrecht, Zuid-Holland |
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Food Processing |
143.7 |
149 |
Executives Report
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%2008-Nov-2012_files/image005.gif){kind=small}
Annual Profit
& Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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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) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Net sales |
143.7 |
173.2 |
110.3 |
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Cost of goods sold |
123.9 |
155.2 |
101.9 |
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Cost of sales |
123.9 |
155.2 |
101.9 |
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Gross profit |
19.8 |
17.9 |
8.4 |
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General expenses |
- |
10.0 |
- |
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Total payroll costs |
8.8 |
- |
- |
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Change in value of fixed assets arising from revaluation |
1.1 |
- |
1.6 |
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Other operating costs |
1.1 |
- |
7.3 |
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Total operating costs |
- |
10.0 |
- |
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Net operating income |
8.8 |
7.9 |
- |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.8 |
1.9 |
1.6 |
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Profit before tax |
8.0 |
6.0 |
- |
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Profit attributable to minority interest shareholdings |
- |
- |
2.4 |
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Profit on ordinary activities after tax |
6.0 |
4.4 |
-1.4 |
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Total taxation |
2.0 |
1.6 |
-0.6 |
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Profit after tax |
6.0 |
4.4 |
-1.4 |
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Net profit |
6.0 |
4.4 |
1.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Share premium account |
0.5 |
0.5 |
0.5 |
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Other reserves |
10.5 |
8.0 |
7.2 |
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Profit brought forward from previous year(s) |
6.1 |
4.2 |
1.1 |
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Total stockholders equity |
19.1 |
14.6 |
10.8 |
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Provisions and allowances |
0.1 |
0.1 |
0.2 |
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Total long-term liabilities |
0.1 |
0.3 |
2.9 |
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Trade creditors |
5.8 |
10.4 |
8.4 |
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Total current liabilities |
17.1 |
29.5 |
28.8 |
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Total liabilities (including net worth) |
36.3 |
44.5 |
42.7 |
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Total tangible fixed assets |
4.3 |
4.2 |
5.2 |
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Total asset investment |
0.5 |
0.5 |
0.6 |
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Total non-current assets |
4.9 |
4.7 |
5.8 |
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Net stocks and work in progress |
13.1 |
19.8 |
14.9 |
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Trade debtors |
14.2 |
17.9 |
14.8 |
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Other receivables |
3.7 |
2.1 |
7.2 |
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Total receivables |
17.9 |
20.0 |
22.0 |
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Cash and liquid assets |
0.4 |
0.0 |
0.0 |
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Total current assets |
31.4 |
39.8 |
36.9 |
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Total assets |
36.3 |
44.5 |
42.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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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 |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.80 |
1.40 |
1.30 |
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Acid test ratio |
1.10 |
0.70 |
0.80 |
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Current liabilities to net worth |
0.89% |
2.02% |
2.66% |
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Fixed assets to net worth |
0.26% |
0.32% |
0.54% |
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Collection period |
35.00 |
39.80 |
45.80 |
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Stock turnover rate |
11.30 |
8.30 |
7.90 |
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Sales to net working capital |
10.30 |
16.00 |
14.50 |
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Asset turnover |
4.08% |
3.70% |
2.76% |
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Profit margin |
0.06% |
0.04% |
-0.02% |
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Return on assets |
0.23% |
0.13% |
-0.05% |
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Shareholders' return |
0.43% |
0.39% |
-0.20% |
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Sales per employee |
930.78 |
986.72 |
713.08 |
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Profit per employee |
51.72 |
34.36 |
-13.06 |
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Return on capital |
0.39% |
0.26% |
-0.28% |
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Average wage per employee |
57.01 |
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- |
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Net worth |
19.1 |
14.6 |
10.8 |
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Number of employees |
111 |
120 |
113 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.25 |
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1 |
Rs.87.00 |
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Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.