MIRA
INFORM REPORT
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Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
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Name : |
KLAAS PUUL B.V. |
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Registered Office : |
Lupinestraat 1-17 Volendam, 1131 JT |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
31.05.1990 |
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Com. Reg. No.: |
36036035 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of other food including fish, crustaceans and molluscs |
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No. of Employees : |
200 |
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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 : |
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 (31.03.2011) |
Current Rating (30.06.2012) |
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Netherlands |
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 |
NETHERLANDS - ECONOMIC OVERVIEW
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
Netherlands, along with 11 of its EU partners, began circulating the euro
currency on 1 January 2002. After 26 years of uninterrupted economic growth,
the Dutch economy - highly dependent on an international financial sector and
international trade - contracted by 3.5% in 2009 as a result of the global
financial crisis. The Dutch financial sector suffered, due in part to the high
exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the
government nationalized two banks and injected billions of dollars of capital
into other financial institutions, to prevent further deterioration of a
crucial sector. The government also sought to boost the domestic economy by
accelerating infrastructure programs, offering corporate tax breaks for
employers to retain workers, and expanding export credit facilities. The
stimulus programs and bank bailouts, however, resulted in a government budget
deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7%
in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal
consolidation measures in early 2011, mainly reductions in expenditures, which
resulted in an improved budget deficit of 3.8% of GDP.
Source : CIA
Company name and address
Klaas Puul B.V.
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Business
Description
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Klaas Puul B.V. is primarily engaged in wholesale of other food including
fish, crustaceans and molluscs. This class also includes: wholesale of potato
products; and wholesale of feed for pet animals. |
Industry
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Industry |
Retail (Grocery) |
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ANZSIC 2006: |
360 - Grocery, Liquor and Tobacco Product Wholesaling
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NACE 2002: |
5138 - Wholesale of other food including
fish, crustaceans and molluscs |
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NAICS 2002: |
424460 - Fish and Seafood Merchant
Wholesalers |
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UK SIC 2003: |
5138 - Wholesale of other food including
fish, crustaceans and molluscs |
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UK SIC 2007: |
4638 - Wholesale of other food, including
fish, crustaceans and molluscs |
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US SIC 1987: |
5146 - Fish and Seafoods |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7269425
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7534632
Corporate Overview
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Corporate Structure News
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Total Corporate
Family Members: 6 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Stichting Administratiekantoor Van Aandelen In Klaas Puul Holding B.V. |
Parent |
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Subsidiary |
Volendam, Noord-Holland |
Netherlands |
Commercial Banks |
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Subsidiary |
Volendam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
203.5 |
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Subsidiary |
Volendam, Noord-Holland |
Netherlands |
Food Processing |
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209 |
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Subsidiary |
Volendam, Noord-Holland |
Netherlands |
Retail (Grocery) |
197.2 |
200 |
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Subsidiary |
BĂ¼sum, Schleswig-Holstein |
Germany |
Retail (Grocery) |
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12 |
Executives Report
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annual Profit
& Loss
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
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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) |
0.726943 |
0.757168 |
0.70861 |
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Consolidated |
No |
No |
No |
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Total income |
197.2 |
185.9 |
198.2 |
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Net sales |
197.2 |
185.9 |
198.2 |
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Total operating costs |
192.6 |
182.9 |
194.7 |
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Net operating income |
4.6 |
3.0 |
3.5 |
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Total financial income |
0.1 |
0.1 |
0.0 |
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Total expenses |
1.1 |
1.3 |
1.6 |
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Profit before tax |
3.6 |
1.9 |
2.0 |
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Profit on ordinary activities after tax |
2.5 |
1.7 |
1.6 |
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Total taxation |
1.1 |
0.2 |
0.3 |
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Profit after tax |
2.5 |
1.7 |
1.6 |
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Net profit |
2.5 |
1.7 |
1.6 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.753463 |
0.704672 |
0.739044 |
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Consolidated |
No |
No |
No |
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Share premium account |
0.8 |
0.9 |
0.8 |
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Other reserves |
33.5 |
34.0 |
30.8 |
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Profit brought forward from previous year(s) |
2.4 |
1.8 |
1.6 |
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Total stockholders equity |
36.7 |
36.7 |
33.2 |
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Provisions and allowances |
0.8 |
0.8 |
0.4 |
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Total long-term liabilities |
6.1 |
0.4 |
7.5 |
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Trade creditors |
3.7 |
3.8 |
3.9 |
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Total current liabilities |
44.7 |
45.5 |
39.6 |
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Total liabilities (including net worth) |
88.3 |
84.0 |
80.7 |
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Intangibles |
2.7 |
3.6 |
4.1 |
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Total tangible fixed assets |
4.8 |
6.0 |
4.8 |
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Total asset investment |
0.1 |
3.6 |
0.1 |
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Total non-current assets |
7.6 |
13.2 |
9.0 |
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Net stocks and work in progress |
59.6 |
53.9 |
48.7 |
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Trade debtors |
14.4 |
13.1 |
14.6 |
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Other receivables |
4.5 |
3.4 |
7.9 |
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Total receivables |
18.8 |
16.4 |
22.4 |
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Cash and liquid assets |
2.2 |
0.5 |
0.7 |
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Total current assets |
80.7 |
70.9 |
71.8 |
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Total assets |
88.3 |
84.0 |
80.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
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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 |
0.753463 |
0.704672 |
0.739044 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.80 |
1.60 |
1.80 |
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Acid test ratio |
0.50 |
0.40 |
0.60 |
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Current liabilities to net worth |
1.32% |
1.38% |
1.36% |
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Fixed assets to net worth |
0.23% |
0.40% |
0.31% |
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Collection period |
27.60 |
23.90 |
28.00 |
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Stock turnover rate |
3.20 |
3.70 |
3.90 |
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Sales to net working capital |
5.30 |
7.90 |
5.90 |
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Asset turnover |
2.16% |
2.38% |
2.35% |
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Profit margin |
0.02% |
0.01% |
0.01% |
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Return on assets |
0.04% |
0.02% |
0.02% |
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Shareholders' return |
0.10% |
0.06% |
0.06% |
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Sales per employee |
716.86 |
683.32 |
735.28 |
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Profit per employee |
13.19 |
7.02 |
7.25 |
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Return on capital |
0.06% |
0.02% |
0.01% |
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Net worth |
34.0 |
33.1 |
29.1 |
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Number of employees |
200 |
206 |
191 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.07 |
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1 |
Rs.84.95 |
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Euro |
1 |
Rs.68.24 |
INFORMATION DETAILS
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Report
Prepared by : |
PRL |
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.