MIRA
INFORM REPORT
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Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
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Name : |
GLENCORE GRAIN B.V. |
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Registered Office : |
Blaak 31, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.04.1980 |
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Com. Reg. No.: |
24138640 |
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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 : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
The Dutch economy is the fifth-largest economy in
the euro-zone and is noted for its stable industrial relations, moderate
unemployment and inflation, a sizable trade surplus, and an important role as a
European transportation hub. Industrial activity is predominantly in food
processing, chemicals, petroleum refining, and electrical machinery. A highly
mechanized agricultural sector employs only 2% of the labor force but provides
large surpluses for the food-processing industry and for exports. The
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Source
: CIA |
Company name and address
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Glencore Grain B.V. |
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Employees: |
NA |
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Company Type: |
Private Subsidiary |
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Corporate Family: |
3 Companies |
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Ultimate Parent: |
Finges Investment B.V. |
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Incorporation Date: |
09-Apr-1980 |
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Fiscal Year End: |
31-Dec-2011 |
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Reporting Currency: |
US Dollar |
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Annual Sales: |
11,478.3 |
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Total Assets: |
2,857.4 |
Business Description
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Glencore Grain B.V. is primarily engaged
in wholesale of grain, seeds and animal feeds. This class also includes:
wholesale of seed potatoes; wholesale of feed for farm animals; and wholesale
of material, residues and by-products used for animal feed. |
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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5121 - Wholesale
of grain, seeds and animal feeds |
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4621 - Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds |
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US SIC 1987: |
5153 - Grain and
Field Beans |
Key Executives
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News
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Registered No.(NLD)
24138640
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
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Corporate Structure News: |
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Glencore Grain B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Finges Investment B.V. |
Parent |
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Subsidiary |
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Trucking |
29.9 |
43 |
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Subsidiary |
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Crops |
11,478.3 |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
USD |
USD |
USD |
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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 |
11,478.3 |
7,184.6 |
5,857.2 |
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Cost of goods sold |
11,333.2 |
7,063.1 |
5,676.4 |
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Cost of sales |
11,333.2 |
7,063.1 |
5,676.4 |
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Gross profit |
145.1 |
121.6 |
180.8 |
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General expenses |
- |
- |
38.7 |
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Total payroll costs |
28.8 |
22.6 |
- |
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Other operating costs |
32.7 |
557.8 |
- |
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Total operating costs |
- |
- |
38.7 |
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Net operating income |
83.6 |
- |
142.1 |
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Total financial income |
22.5 |
15.2 |
18.2 |
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Total expenses |
91.4 |
56.2 |
48.2 |
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Profit before tax |
14.7 |
- |
112.0 |
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Profit on ordinary activities after tax |
12.7 |
-514.8 |
127.2 |
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Other taxes |
-0.4 |
- |
- |
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Total taxation |
2.0 |
15.0 |
-15.2 |
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Profit after tax |
12.7 |
-514.8 |
127.2 |
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Net profit |
13.1 |
- |
122.7 |
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Net loss |
- |
-530.0 |
- |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
USD |
USD |
USD |
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Exchange Rate |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Other reserves |
185.4 |
170.5 |
330.3 |
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Total stockholders equity |
206.8 |
192.6 |
354.0 |
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Trade creditors |
147.3 |
128.1 |
104.8 |
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Total current liabilities |
2,650.6 |
3,233.4 |
967.3 |
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Total liabilities (including net worth) |
2,857.4 |
3,426.1 |
1,321.4 |
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Total tangible fixed assets |
4.7 |
3.2 |
- |
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Total asset investment |
2.1 |
0.9 |
1.3 |
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Total non-current assets |
6.8 |
4.1 |
1.3 |
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Net stocks and work in progress |
394.4 |
362.0 |
187.9 |
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Trade debtors |
737.2 |
773.2 |
324.6 |
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Other receivables |
1,683.3 |
2,253.0 |
807.3 |
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Total receivables |
2,420.6 |
3,026.1 |
1,131.9 |
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Cash and liquid assets |
35.7 |
33.9 |
0.2 |
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Total current assets |
2,850.7 |
3,422.0 |
1,320.1 |
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Total assets |
2,857.4 |
3,426.1 |
1,321.4 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
USD |
USD |
USD |
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Exchange Rate |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.10 |
1.40 |
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Acid test ratio |
0.90 |
1.00 |
1.20 |
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Current liabilities to net worth |
10.00% |
10.00% |
2.73% |
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Fixed assets to net worth |
0.03% |
0.02% |
0.00% |
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Collection period |
23.40 |
39.30 |
20.20 |
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Stock turnover rate |
29.10 |
19.80 |
31.20 |
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Sales to net working capital |
57.40 |
38.10 |
16.60 |
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Asset turnover |
4.02% |
2.10% |
4.43% |
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Profit margin |
0.00% |
-0.07% |
0.02% |
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Return on assets |
0.01% |
-0.15% |
0.09% |
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Shareholders' return |
0.07% |
-2.59% |
0.32% |
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Sales per employee |
62,722.96 |
51,318.88 |
41,248.11 |
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Profit per employee |
80.16 |
-3,569.63 |
788.79 |
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Return on capital |
-0.37% |
-2.89% |
0.18% |
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Average wage per employee |
157.51 |
161.41 |
- |
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Net worth |
206.8 |
192.6 |
354.0 |
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Number of employees |
183 |
140 |
142 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.61 |
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1 |
Rs.83.57 |
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Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.