MIRA INFORM REPORT

 

 

Report Date :

21.09.2012

 

 

IDENTIFICATION DETAILS

 

Name :

CARGILL B.V.

 

 

Registered Office :

Coenhavenweg 2, 1013BL Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.05.2011

 

 

Date of Incorporation :

29.03.1967

 

 

Com. Reg. No.:

33119622

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of food products and beverages

manufacturer of chocolate

 

 

No. of Employees :

315 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 :

Regular

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

 

 

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

 

CONTACTINFORMATION

 

 

 

Company name

Cargill B.V.

Tradename

Cargill Cocoa

 

Cargill Cocoa Laboratory

 

Cargill Cocoa & Chocolate

 

Cargill Chocolate Products

 

Fennema

 

IGMA Bulk Terminal

 

IGMA Parcel Service

 

IPS

 

IGMA VST

 

Cargill Shipping Agencies

 

ZOR

 

Cargill Texturizing Solutions

 

Cargill Benelux

 

Cargill B.V.

 

Cargill Sugar

 

Gerkens Cacao

 

IGMA

 

IGMA Grain Terminal

 

IGMA Vlothaven Storage Terminal

 

Zaanlandse Olieraffinaderij

 

Cargill Sweetness

 

Cargill Industrial Starches

 

Cargill Texturizers

Address

Coenhavenweg 2

 

1013BL Amsterdam

 

Netherlands

Mail address

Postbus 8074

 

1005AB Amsterdam

 

Netherlands

Telephone number

0205801911

E-mail address

info@cargill.nl

Website

www.cargill.com

VAT number / RSIN

002176816

Branch(es)

15 branches

 

 

Credit limit

Specification credit limit              The company can fulfil all its obligations. Within the context of a credit report the

credit is maximalized to the shown credit limit.

 


 

COMPANY INFORMATION

 

 

 

Handelsregisternummer

33119622

Registered in

Chamber of commerce Amsterdam

Act of foundation

29-03-1967

Date of constitution

29-03-1967

Continuation date

20-09-1972

Last change in statutes

30-12-2005

Legal form

Besloten Vennootschap (Limited Company)

Place of constitution

Amsterdam

Capital

EUR 136.110.000

Issued capital

EUR 29.835.312

Paid up capital

EUR 29.835.312

Legal form at first registration

Besloten Vennootschap

 

 

 

NACE-code

Hunting (0150)

MANUFACTURE OF FOOD PRODUCTS AND BEVERAGES (15) Manufacture of chocolate (158421)

SBI-code

AGRICULTURE (01)

Manufacture of chocolate and sugar confectionery (10822)

Formal objective

De verwerking van, de handel in, de storage and warehousing, de distributie en het vervoer van granen, olie- zaden, veevoedergrondstoffen, cacao, vruchten- sappen, kunstmest en in het general handels- waren, welke dan ook, zowel voor eigen account number als voor account number van derden. Het deelnemen in andere companies met een gelijksoortig of aanverwant objective. Het verstrekken van kredieten aan gelieerde vennootschappen en voorts alle overige handelingen, welke rechtstreeks of middellijk met het voorafgaande in verband staan of daaraan bevorderlijk kunnen zijn

 

 

Employees

Total: 315

 

 

Employees according to CoC

Chamber of commerce: 315

 

 

Bookyear

2012

2011

2009

Number

315

2126

2398

Change

-85,18%

-11,34%

0,67%

 


COMPANY STRUCTURE

 

Subsidiary                     Cargill Integra Holland B.V.

Hanzeweg 7

7591BK DENEKAMP

KvK: 06047613

 

LNB International Dairy B.V.

Raadhuisplein 1

5388GM NISPHONERODE

KvK: 16076801

 

LNB International Korma B.V.

Raadhuisplein 1

5388GM NISPHONERODE

KvK: 17162436

 

Cargill Meats Europe Activities of holding companies B.V.

Coenhavenweg 2

1013BL AMSTERDAM

KvK: 34362439

 

Bank

ING Bank NV

 

Account number: 1031124

 

Fortis Bank (Netherlands) NV

 

Account number: 23.14.00.748

 

Banc of America National Trust and Savin

 

Account number: 26.65.21.045

 

Banc of America National Trust and Savin

 

Account number: 26.65.25.555

 

 

Real estate

Property owned

 

The real estate is checked at the land registration office

 

Object code: AMSTERDAM AI AI 207

 

Owner: CARGILL B.V.

 

 

MANAGEMENT

 

Management                             E.J. van der Plas

Engelbertus Jacobus

Authorization: Fully authorized

Position: Manager

Date appointed: 01-08-2009

Date of birth: 06-10-1959

Other directorships:

- General director: Provimi B.V. - Rotterdam (KvK: 24091284)


J.B.P. de Loor

Joseph Bernardus Petrus

Authorization: Limited authorization

Position: Manager

Date appointed: 01-03-1991

Date of birth: 29-12-1956

 

R.A. Macnack

Rhendy Alexander

Authorization: Limited authorization

Position: Manager

Date appointed: 01-04-1993

Date of birth: 25-01-1960

 

P.L. To

Paul Louis

Authorization: Fully authorized

Position: Manager

Date appointed: 01-12-2001

Date of birth: 26-07-1952

Other directorships:

- Manager: Seara Meats B.V. - AMSTELVEEN (KvK: 33274884)

 

J.R. Freeriks

Jan Roberto

Position: Commissaris

Date appointed: 08-10-2002

Date of birth: 03-03-1954

F.J. Van Lierde

François Jules

Position: Commissaris

Date appointed: 20-02-2009

Date of birth: 27-04-1963

 

J.A.J. Vink

Jacobus Antonius Jozef

Position: Commissaris

Date appointed: 01-10-2005

Date of birth: 30-05-1947

Other directorships:

- Commissaris: AEGON Netherlands N.V. - 's-Gravenhage (KvK: 27111251)

 

H.F.L. Arts

Hendrikus Ferdinandus Loduvicu

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-11-1995

Date of birth: 16-02-1960


F.J. Bakker

Fenna Johanna

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2010

Date of birth: 17-11-1980

 

H.J. Beukers

Hendrik Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2001

Date of birth: 13-12-1962

 

M. Blommestijn

Martin

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 09-05-1978

 

W. Boekel

Willem

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-1986

Date of birth: 17-05-1953

 

N.C. Boetje

Niels Christiaan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2012

Date of birth: 09-06-1973

 

L.A. Bosch

Lotte Aurora

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 30-07-1985

 

M. Bouwsma

Marieke

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2009

Date of birth: 13-10-1978

 


H.J. Broekhuizen

Hendrikus Johannes

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2000

Date of birth: 13-01-1954

 

F. de Bruin

Fred

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-1991

Date of birth: 29-12-1963

 

J. Burghoorn

Jacobus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2007

Date of birth: 25-11-1976

 

H.J. Buurman

Hendrik Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-03-1994

Date of birth: 20-04-1966

 

M. van Dam

Martin

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2010

Date of birth: 27-02-1975

 

B.R. David

Brenig Rhys

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2011

Date of birth: 26-02-1964

 

R.J. Deeterink

Ronald Johannes

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-1993

Date of birth: 23-09-1957


B. Dekker

Berry

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2006

Date of birth: 12-03-1968

 

F.H. van der Heide

Frans Heino

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2004

Date of birth: 27-11-1966

 

A.M. Van der Weij

Aedo Matthijs

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2010

Date of birth: 15-01-1967

 

W.R. Dijkhuis

Willem Renne

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 21-05-1981

 

L.I. Dijkstra - Wolters

Leonie Irma

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2009

Date of birth: 07-06-1973

 

J. Dirkzwager

Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-09-2007

Date of birth: 31-10-1960

 

F.W.I. Van Doninck

Francis Willy Irene

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2011

Date of birth: 13-10-1961

 


A.W. Epskamp

Antonius Wilhelmus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-03-1991

Date of birth: 28-09-1952

 

D.R. van Ewijk

Danny Richard

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2007

Date of birth: 26-07-1975

 

A. Flinkenflögel - Rahaman

Aliya

Authorization: Limited authorization

Position: Proxy 

Date appointed: 01-11-2003

Date of birth: 05-11-1960

 

P.J. Georgius

Pieter Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2009

Date of birth: 09-01-1979

 

A. Glass

Andrew

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2010

Date of birth: 01-10-1956

 

A.M. Gleason

Anastasia Maureen

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2011

Date of birth: 08-08-1964

 

R. Groenewoud

René

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2000

Date of birth: 17-04-1954


A.J. Gunst

Andries Johannes

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-2002

Date of birth: 03-12-1951

 

R.J. Hansen

Robertus Johannes

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2012

Date of birth: 24-07-1963

 

A. Hardeman - Campagne

Angélique

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2009

Date of birth: 19-10-1980

 

J.G. Hemmelder

Josephus Gerardus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2009

Date of birth: 11-01-1969

 

M.S. Hopman

Marianne Sijtine

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-03-2007

Date of birth: 25-05-1953

 

L.M. Jansen

Leslie Martin

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-1994

Date of birth: 10-04-1961

 

P.R. van Kampen

Paul Robert

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-03-2010

Date of birth: 26-05-1969

 


A.C. Koks

Aloysia Catharina

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-09-2003

Date of birth: 08-08-1955

 

A. Konijn

Aico

Authorization: Limited authorization

Position: Proxy

Date appointed: 18-01-2010

Date of birth: 10-04-1978

 

J. Krokké

Jacobus

1486 MD

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2011

Date of birth: 11-11-1950

Other directorships:

- Proxy: Internationale Graanoverslag Maatschappij Amsterdam BV - AMSTERDAM

(KvK: 33100897)

 

T.A. Köster

Thomas Aloysius

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2004

Date of birth: 24-12-1957

 

K.W. Lefevre

Karl Walter

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2012

Date of birth: 15-04-1964

 

R.J. Mariano

Ron Jimenez

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2012

Date of birth: 08-03-1969

 

M.H. McDonald

Marianne Haave

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2010

Date of birth: 14-10-1980

 

H.J. Meijer

Harmen Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2012

Date of birth: 22-05-1979

 

N.P. van Mourik

Niels Pepijn

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2006

Date of birth: 11-09-1969

 

M. Odekerken

Marcel

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-2007

Date of birth: 13-07-1973

 

M.A.C. van Oost - Knipscheer

Maria Antoinetta Catharina

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2012

Date of birth: 20-10-1966

 

T.C. Ottenheym

Tom Conrad

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-2010

Date of birth: 23-01-1958

 

G. Paap

Gerard

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2011

Date of birth: 26-09-1963

 

C.H.J.M. Peeperkorn

Christoffel Henricus Jacobus M

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2010

Date of birth: 17-06-1961


H. de Peuter

Hendrik

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2002

Date of birth: 16-05-1964

 

A.R. Pignata

Adrián Rubén

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 26-02-1973

 

G. Pit

Gerrit

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-1996

Date of birth: 13-10-1953

 

A.M. Pover

Alexander Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2009

Date of birth: 25-04-1977

 

L.F.A. Pringalle

Luc Ferdinand André

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2010

Date of birth: 09-02-1957

 

J. Pronk

Jeannette

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-12-2007

Date of birth: 04-08-1970

 

E.D. Pront

Ellen Dorien

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2009

Date of birth: 14-09-1962


C.M. van Reijen

Cornelis Marinus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2010

Date of birth: 29-05-1958

 

P.H.H.M. Rens - van Leeuwen

Patricia Hélène Henriette Mari

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2005

Date of birth: 29-03-1960

 

A. Romansky

Arkadi

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2008

Date of birth: 16-05-1967

 

P.M. de Ruijter

Paulus Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-2000

Date of birth: 15-04-1955

 

J.Q. de Ruijter

Jeroen Quirinus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-2009

Date of birth: 30-12-1968

 

C. Sala

Camilla

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2012

Date of birth: 12-02-1973

 

A.J. Scheuer

Axel John

Authorization: Limited authorization

Position: Proxy

Date appointed: 11-07-1983

Date of birth: 01-06-1950


A.M.P. Schraven

Antonetta Maria Petronella

Authorization: Limited authorization

Position: Proxy

Date appointed: 10-08-2009

Date of birth: 15-01-1971

 

T. Schurmans

Tom

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-09-2004

Date of birth: 24-01-1970

 

G. Sterel

Gerrit

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-1985

Date of birth: 29-04-1954

 

R.G.M. Stevens

Robert Gerard Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 10-09-1967

 

W. Taverne - Veldhuizen

Wilhelmina

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-1995

Date of birth: 12-03-1967

 

J. Top

Jeroen

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-1993

Date of birth: 25-08-1958

 

E.F. Vandercammen

Eric Francois

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2011

Date of birth: 04-03-1970

 

M.M. Vedder

Mark Martijn

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2011

Date of birth: 18-04-1975

 

C.T.M. Velzeboer

Christiaan Theodorus Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-1995

Date of birth: 28-07-1952

 

M.A. Verburg

Michiel Adriaan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2011

Date of birth: 10-02-1964

 

J.B. Vrugt

Jan Barteld

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2007

Date of birth: 08-07-1952

 

R.J.J. van Wees

Reinerus Johannes Jacobus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2007

Date of birth: 09-03-1961

 

J.W.M.G.P. Wessing

Johannes Wilhelmus Maria Gerar

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-1986

Date of birth: 14-10-1955

 

R. Wijmer

Roelof

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-01-2004

Date of birth: 04-04-1957

 

J.A.M. Zwienenberg

Johannes Antonius Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2009

Date of birth: 02-01-1963

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

 

Payments                     Based on multiple payment experiences up to € 50.000

Quarter: 4 2011: 52 Average days

Quarter: 1 2012: 54 Average days

Quarter: 2 2012: 51 Average days

Quarter: 3 2012: 61 Average days

 

 

 

invoices

current quarter

2012 Q2

2012 Q1

2011 Q4

Total

1054

100%

2.901.038

2.870.843

2.859.162

3.005.219

Within terms

544

43,2%

1.253.014

1.650.310

1.528.065

1.955.923

Delayed 0 - 30

453

47,5%

1.378.042

1.144.035

1.248.038

754.023

Delayed 31 - 60

33

4,7%

135.718

33.930

33.930

203.576

Delayed 61 - 90

12

2,9%

85.135

42.568

 

42.568

Delayed 91 - 120

6

0,7%

19.652

 

19.652

19.652

Delayed 120+ days

6

1,0%

29.477

 

29.477

29.477

 

 

FINANCIAL INFORMATION

 

Auditor                                      KPMG

Publication financial statement    Annual accounts 2011 are published on 20-10-2011 (Broken accounting year)

Annual accounts 2010 are published on 08-11-2010 (Broken accounting year)

Annual accounts 2009 are published on 09-03-2010 (Broken accounting year)

Annual accounts 2008 are published on 10-03-2009 (Broken accounting year)

Annual accounts 2007 are published on 24-12-2007 (Broken accounting year)

 

Type of publication                     Consolidated

 

Annual accounts                        van Cargill B.V.

Coenhavenweg 2

1013BL Amsterdam

KvK: 33119622

Publication Steady

 


 

CORE FIGURES

 

 

 

BOOKYEAR

2011

2010

2009

Quick ratio

0,55

0,70

0,75

Current ratio

1,39

1,41

1,29

Nett workingcapital / Balance total

0,21

0,23

0,18

Capital and reserves / Balance total

0,34

0,32

0,30

Capital and reserves / Fixed assets

1,41

1,57

1,40

Solvency

0,54

0,50

0,45

Nett workingcapital

419.454.000

449.634.000

358.737.000

Capital and reserves

667.644.000

620.687.000

603.695.000

Change capital and reserves

7,57%

2,81%

18,54%

change short term liabilities

-3,10%

-9,53%

-8,41%

Nett Turnover

5.736.736.000

5.041.276.000

5.290.599.000

Operating profit

-17.483.000

99.074.000

94.962.000

Profitability operating profit

negative

positive

positive

 

Type of publication         Consolidated

Turnover 2011: 5.736.736.000

2010: 5.041.276.000

2009: 5.290.599.000

2008: 5.316.263.000

 

Operating profit              2011: -17.483.000

2010: 99.074.000

2009: 94.962.000

2008: 109.998.000

 

Result after taxes           2011: -21.728.000

2010: 76.233.000

2009: 58.117.000

2008: 54.348.000

 

Capital and reserves       2011 667.644.000

Total debt                      2011 1.228.953.000

Current ratio                  2011 1,39

Quick ratio                    2011 0,55

Nett workingcapital         2011 419.454.000

 

Profitability                    Negative

Solvency                       Just satisfactory

Liquidity                        Reasonable

 


Balance sheet

 

BOOKYEAR

2011

2010

2009

End of bookyear

31 -05-2011

31-05-2010

31-12-2009

Other intangible assets

 

13.473.000

 

Intangible assets

18.415.000

13.473.000

27.688.000

Tangible assets

404.499.000

350.700.000

364.333.000

Financial assets

51.336.000

30.397.000

40.009.000

Fixed assets

474.250.000

394.570.000

432.030.000

 

Stocks and work in progress

897.955.000

785.258.000

660.248.000

Trade debtors

186.248.000

 

920.099.000

Other amounts receivable

407.889.000

772.032.000

 

Accounts receivable

594.137.000

772.032.000

920.099.000

Liquid assets

1.758.000

1.144.000

3.940.000

Current assets

1.493.850.000

1.558.434.000

1.584.287.000

Total assets

1.968.100.000

1.953.004.000

2.016.317.000

 

Minority interest

2.750.000

 

 

Capital and reserves

667.644.000

620.687.000

603.695.000

Provisions

68.753.000

93.439.000

69.534.000

other long term debts

 

130.078.000

 

Long term liabilities

154.557.000

130.078.000

117.538.000

Other short term debts

1.016.176.000

1.108.800.000

 

Total short term debt

1.074.396.000

1.108.800.000

1.225.550.000

Total debt

1.228.953.000

1.238.878.000

1.412.622.000

Total Liabilities

1.968.100.000

1.953.004.000

2.016.317.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2011

2010

2009

Turnover

5.736.736.000

5.031.346.000

5.255.137.000

Other operating income

 

9.930.000

35.462.000

Nett Turnover

5.736.736.000

5.041.276.000

5.290.599.000

Wages employees

8.772.000

77.013.000

 

Depreciation and amortization

5.917.000

4.092.000

 

Raw materials

5.613.875.000

4.817.016.000

5.063.586.000

Other operating charges

125.655.000

44.081.000

132.051.000

Operating charges

5.754.219.000

4.942.202.000

5.195.637.000

Operating profit

-17.483.000

99.074.000

94.962.000

Financial income

3.629.000

9.007.000

13.602.000

Financial charges

13.951.000

19.978.000

32.342.000

Financial result

-10.322.000

-10.971.000

-18.740.000

Result participations

-95.000

13.554.000

 

Result before taxes

-27.900.000

101.657.000

76.222.000

Income taxes

-6.174.000

25.571.000

17.649.000

Result after taxes

-21.726.000

76.086.000

58.573.000

Nett result

-21.728.000

76.233.000

58.117.000

Income attributable to minority interest

2.000

-147.000

456.000

 

History

 

Merger and demerger                 Op 31-05-2011 merger taken place. New registration: Cargill B.V., 33119622

Ceased registration: Cargill Benelux B.V., 35008912.

Op 20-04-2011 merger proposal filed. New registration: Cargill B.V., 33119622 Ceased registration: Cargill Benelux B.V., 35008912.

 

Management

Per 01-08-2012 is Proxy Tetyana Mykolayivna Byelchenko out of office.

Per 01-08-2012 is Proxy Sylvio Roberto Landell de Moura out of office.

Per 01-08-2012 is Proxy Jelena Yurievna Andrianova out of office.

Per 01-07-2012 is Proxy Roelf Leendert Sebastiaan van Goor out of office.

Per 01-07-2012 is Proxy Camilla Sala appointed.

Per 01-07-2012 is Proxy Ron Jimenez Mariano appointed.

Per 01-07-2012 is Proxy Harmen Jan Meijer appointed.

Per 01-07-2012 is Proxy Karl Walter Lefevre appointed.

Per 01-07-2012 is Proxy Theodorus Hendricus Johannes Truijens out of office.

Per 01-07-2012 is Proxy Erik Hellenberg out of office.

Per 01-07-2012 is Proxy Alban Pierre Albert Bailbled out of office.

Per 01-07-2012 is Proxy Eric Buser out of office.

Per 11-05-2012 is Proxy Jan-Robert Luc Swagers out of office.

Per 01-04-2012 is Proxy Robertus Johannes Hansen appointed.

Per 01-04-2012 is Proxy Antonia Frederika Wilhelmina Brouwer out of office.

Per 01-04-2012 is Proxy Leendert Jacob van der Valk out of office.

Per 01-04-2012 is Proxy Maria Antoinetta Catharina van Oost-Knipscheer appointed.

Per 01-04-2012 is Proxy Francesco Giovanni Cesare Faglia out of office.

Per 01-01-2012 is Proxy Saskia Renée van Rongen out of office.

Per 01-01-2012 is Proxy Niels Christiaan Boetje appointed.

Per 01-10-2011 is Proxy Martijn Noordhoek out of office.

Per 01-10-2011 is Proxy Mark Schulze out of office.

Per 01-07-2011 is Proxy Gerard Paap appointed.

Per 01-01-2011 is Proxy Adrián Rubén Pignata appointed.

Per 01-01-2011 is Proxy Michiel Adriaan Verburg appointed.

Per 01-04-2011 is Proxy Mark Martijn Vedder appointed.

Per 01-02-2011 is Proxy Brenig Rhys David appointed.

Per 01-02-2011 is Proxy Anastasia Maureen Gleason appointed.

Per 01-02-2011 is Proxy Francis Willy Irene Van Doninck appointed.

Per 01-02-2011 is Proxy Francesco Giovanni Cesare Faglia appointed.

Per 01-02-2011 is Proxy Eric Francois Vandercammen appointed.

Per 01-02-2011 is Proxy Klaas Schuijtvlot out of office.

Per 01-02-2011 is Proxy Stefan Edmond Vos out of office.

Per 01-02-2011 is Proxy Robert Peteri out of office.

Per 01-01-2011 is Proxy Lotte Aurora Bosch appointed.

Per 01-01-2011 is Proxy Maria Christina Catharina Hopmans-van der Burg out of office.

Per 01-01-2011 is Proxy Saskia Renée van Rongen appointed.

Per 01-01-2011 is Proxy Michiel Adriaan Verburg out of office.

Per 01-01-2011 is Proxy Hubertina Margaretha Prince-Kappen out of office.

Per 01-01-2011 is Proxy Marcus Schaap out of office.

Per 01-01-2011 is Proxy Thomas Kraan out of office.

Per 01-01-2011 is Proxy Robert Gerard Maria Stevens appointed.

Per 01-01-2011 is Proxy Martin Blommestijn appointed.

Per 01-01-2011 is Proxy Willem Renne Dijkhuis appointed.

Per 01-01-2011 is Proxy Tetyana Mykolayivna Byelchenko appointed.

Per 01-10-2010 is Proxy Tom Conrad Ottenheym appointed.

Per 01-10-2010 is Proxy Almar Hoogland out of office.

Per 01-10-2010 is Proxy Evert Marinus van Setten out of office.

Per 01-10-2010 is Proxy Antonius Petrus Maria Wiewel out of office.

Per 01-07-2010 is Proxy Marianne Haave appointed.

Per 01-04-2009 is Proxy Johannes Antonius Maria Zwienenberg appointed.

Per 01-07-2010 is Proxy Stephan in 't Veld out of office.

Per 01-07-2010 is Proxy Johannes Antonius Maria Zwienenberg out of office

Per 01-07-2010 is Proxy Andrew Glass appointed.

Per 01-07-2010 is Proxy Fenna Johanna Bakker appointed.

Per 01-07-2010 is Proxy Cornelis Marinus van Reijen appointed.

Per 01-07-2010 is Proxy Arie Voorwinden Martinus Verploegh out of office.

Per 01-07-2010 is Proxy Rudolf Barend Engel out of office.

Per 01-04-2010 is Proxy Michiel Adriaan Verburg appointed.

Per 01-04-2010 is Proxy Christoffel Henricus Jacobus Maria Peeperkorn appointed.

Per 01-04-2010 is Proxy Wilhelmus Hubertus Gerardus Reintjes out of office.

Per 01-04-2010 is Proxy Bram Evers out of office.

Per 01-04-2010 is Proxy Oscar Teun Kras out of office.

Per 01-04-2010 is Proxy Diane Marie Van Orshoven-Steenstra Toussaint out of office.

Per 01-04-2010 is Proxy Sander Petrus Cornelis van de Meerendonk out of office.

Per 01-04-2010 is Proxy Michiel Gérard van der Bom out of office.

Per 01-04-2010 is Proxy Philip John Ryan out of office.

Per 01-04-2010 is Proxy Jeroen Hoogendoorn out of office.

Per 01-04-2010 is Proxy Rudolf Antonius Jacobus van Raam out of office.

Per 01-03-2010 is Proxy Paul Robert van Kampen appointed.

Per 01-02-2010 is Proxy Aedo Matthijs Van der Weij appointed.

Per 01-02-2010 is Proxy Luc Ferdinand André Pringalle appointed.

Per 01-02-2010 is Proxy Martin van Dam appointed.

Per 18-01-2010 is Proxy Aico Konijn appointed.

Per 01-01-2009 is Proxy Maria Christina Catharina Hopmans appointed.

Per 10-08-2009 is Proxy Antonetta Maria Petronella Schraven appointed.

Per 31-07-2009 is Proxy Annemarijn Elisabeth van Royen out of office.

Per 01-08-2009 manager Engelbertus Jacobus van der Plas appointed.

Per 31-07-2009 manager Cornelis Bernardus Kriens out of office.

Per 31-07-2009 is Proxy Engelbertus Jacobus van der Plas out of office.

Per 20-02-2009 is Commissaris François Jules Van Lierde appointed.

Per 01-07-2009 is Proxy Wilhelmus Hubertus Gerardus Reintjes appointed.

Per 01-07-2009 is Proxy Jopsehus Gerardus Hemmelder appointed.

Per 01-07-2009 is Commissaris Jakob Draijer out of office.

Per 06-11-2008 is Commissaris Abraham Cornelis Klaeijsen out of office.

Per 01-07-2009 is Proxy Hubertus Jozef Maria Baardemans out of office.

Per 01-06-2009 is Proxy Jeroen Quirinus de Ruijter appointed.

 

 


Company structure

 

Cargill B.V. (33119622)

Amsterdam

 

Cargill Integra Holland B.V. (06047613)

DENEKAMP

Subsidiary

 

LNB International Dairy B.V. (16076801)

NISPHONERODE

Subsidiary

 

LNB International Korma B.V. (17162436)

NISPHONERODE

Subsidiary

 

Cargill Meats Europe Activities of holding companies B.V. (34362439)

AMSTERDAM

Subsidiary

 

Cargill Meats Europe 1 B.V. (34371102)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 2 B.V. (34371107)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 3 B.V. (34371111)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 4 B.V. (34371114)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 5 B.V. (34371118)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 6 B.V. (34371119)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 10 B.V. (34371120)

AMSTERDAM

Subsidiary (100%)


Cargill Meats Europe 7 B.V. (34371122)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 8 B.V. (34371124)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 11 B.V. (34371125)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 9 B.V. (34371127)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 12 B.V. (34371128)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 13 B.V. (34371129)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 14 B.V. (34371132)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 18 B.V. (34371133)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 15 B.V. (34371134)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 16 B.V. (34371137)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 19 B.V. (34371138)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 17 B.V. (34371139)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 20 B.V. (34371140)

AMSTERDAM

Subsidiary (100%)


Cargill Meats Europe 22 B.V. (34371141)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 21 B.V. (34371142)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 24 B.V. (34371145)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 23 B.V. (34371146)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 25 B.V. (34377324)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 26 B.V. (34377330)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 27 B.V. (34377331)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 28 B.V. (34377332)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 29 B.V. (34377333)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 30 B.V. (34377335)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 31 B.V. (34377336)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 32 B.V. (34377339)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 33 B.V. (34377343)

AMSTERDAM

Subsidiary (100%)


Cargill Meats Europe 34 B.V. (34377345)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 35 B.V. (34377346)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 36 B.V. (34377349)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 37 B.V. (34377350)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 38 B.V. (34377351)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 39 B.V. (34377353)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 40 B.V. (34377356)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 41 B.V. (34377370)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 42 B.V. (34377372)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 43 B.V. (34377373)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 44 B.V. (34377375)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 45 B.V. (34377379)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 46 B.V. (34377380)

AMSTERDAM

Subsidiary (100%)


Cargill Meats Europe 47 B.V. (34377383)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 48 B.V. (34377384)

AMSTERDAM

Subsidiary (100%)

 

Cargill Meats Europe 49 B.V. (34377387)

AMSTERDAM

Subsidiary (100%)


 

FOREIGN EXCHANGE RATES

 

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.87.91

Euro

1

Rs.70.57

 

 

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.