MIRA INFORM REPORT

 

 

Report Date :

31.08.2013

 

IDENTIFICATION DETAILS

 

Name :

HOLLAND DIERVOEDERS B.V.

 

 

Registered Office :

Vogelaarsweg 23, Postbus 889, 3300 AW Dordrecht

 

 

Country :

Netherlands

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

11.03.1927

 

 

Com. Reg. No.:

23057780

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

development, production and marketing of high quality pet food for utilities, sports and pets

 

 

No. of Employees :

97

 

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 :

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Netherlands

A1

A1

 

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 sixth-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 in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

 

Source : CIA

 

 

Company Summary

 

Company Name                       Holland Diervoeders B.V.

Trade Name                             Lenersanpoortman

Company Registration             23057780

Country                                    NL

Activity Code                           46902

Activity Description                  development, production and marketing of high quality pet food for utilities,

sports and pets.

Company Status                      Active

Latest Turnover                       105,607,000.00 (EUR)

Profit Before Tax                     1,216,000.00(EUR)

 

 

Company Identification

 

Activities

Activity Code                                       46902

Activity Description                              development, production and marketing of high quality pet food for

utilities, sports and pets.

 

Basic Information

Company Name                                   Holland Diervoeders B.V.

Registered Company Name                 Holland Diervoeders B.V.

Company Registration Number            23057780

Country                                                NL

Date of Company Registration             11/03/1927

Commercial Court Legal Form            Private limited liability company (BV) with ordinary structure

Type of Ownership Company Status    Active

 

Principal Activity Code                        46902

 

Contact Address                                   Vogelaarsweg 23
Postbus 889
3300 AW Dordrecht

 

Contact Telephone Number                 0786220622

 

 

Main Address

 

Address                                                23 Vogelaarsweg, DORDRECHT 3313LL

Country                                                NL

 

 

Other Addresses

 

Address                                                23 Vogelaarsweg, DORDRECHT 3313LL

Telephone                                           0786220622

Web Addresses                                    www.hollanddiervoeders.nl

 

Current Directors Managers

 

Name                           ALAIN L. DE MEULEMEESTER

Position                       Authorised Signatory

 

 

Share Capital Structure

 

Issued Share capital    4,077,000.00 (EUR)

Name                           Parfund N.V.

Address                        0 Bischoffsheimlaan 36, België

Share Percent                         100.00 %

 

 

Extended Group Structure

 

Company Name                       Registration Number                Status Last                   Financials

0 Parfund SA                             437832363                                Active                           31/12/2012

1 Holland Diervoeders B.V.         230577800000                           Active                           31/12/2011

 

 

Employee Information

 

Year                                         2011

Number of Employees             97

 

Year                                         2010

Number of Employees             118

           

Year                                         2009

Number of Employees             138

 

Year                                         2008

Number of Employees             170

 

Year                                         2007

Number of Employees             188

 

 

Additional Information

 

Miscellaneous

Ceased Trading Date

Exporter                                   No

Importer                                   No

 

Payment Expectations Summary

 

Payment Expectation Days                  3.33

Industry Avg Payment             

Expectation Days                                 43.38

 

Day Sales Outstanding                        33.31

 

Industry Avg Day Sales

Outstanding                                         43.75

 

Suspension Of Payments Mora No

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations Lower              12.32

Payment Expectations Median                       33.27

Payment Expectations Upper              65.39

 

Day Sales Outstanding

Day Sales Outstanding Lower                         3.82

Day Sales Outstanding Median            19.52

Day Sales Outstanding Upper              60.58

 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.57

UK Pound

1

Rs.103.34

Euro

1

Rs.88.16

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.