MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
VAN REES
B.V. |
|
|
|
|
Registered Office : |
Wijnhaven
65 3011WJ Rotterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.07.1904 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
of coffee, tea, cacao and spices (excl. raw tropical products) |
|
|
|
|
No. of Employees : |
19 |
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 |
CONTACTINFORMATION
|
Company
name |
VAN
REES B.V. |
|
Tradename |
Van
Rees B.V. |
|
Address |
Wijnhaven
65 |
|
|
3011WJ
Rotterdam |
|
|
Netherlands |
|
Mail
address |
Postbus
914 |
|
|
3000AX
Rotterdam |
|
|
Netherlands |
|
Telephone
number |
0104021750 |
|
Telefax
number |
0104136881 |
|
E-mail
address |
|
|
Website |
|
|
VAT
number / RSIN |
001841671 |
|
Branch(es) |
Van
Rees B.V. (24109248.0001) |
|
|
Metaalstraat
4 |
|
|
5107ND
DONGEN |
COMPANY INFORMATION
Handelsregisternummer 24109248
Registered in Chamber
of commerce Rotterdam
Act of foundation 02-07-1904
Date of constitution 02-07-1904
Continuation date 22-09-1972
Last change in statutes 23-06-2010
Legal form Private Company
Place of constitution Rotterdam
Capital EUR
Issued capital EUR
567.300
Paid up capital EUR 567.300
|
NACE-code |
Wholesale
of coffee, tea, cacao and spices (excl. raw tropical products) (5137) |
|
SBI-code |
Wholesale
of coffee, tea, cocoa and spices (no raw) (4637) |
|
Formal objective |
Uitoefening
van land- en mijnbouw, handel, industrie, het vervoeren al dan niet over zee |
|
|
van
goods alsmede houdsteractiviteiten. |
|
Import |
The
whole world |
|
Export |
The
whole world |
|
|
|
|
Employees |
Total:
19 |
|
Employees group |
Group:
468 |
|
Employees according
to CoC |
Chamber
of commerce: 19 |
COMPANY STRUCTURE
|
Shareholder |
Van
Rees Group B.V. |
|
|
Wijnhaven
65 |
|
|
3011WJ
ROTTERDAM |
|
|
Netherlands |
|
|
KvK:
51461579 |
|
|
Active
since: 15-12-2010 |
|
|
Percentage:
100.00% |
|
Ultimate parent
company |
Amsterdam
Commodities N.V. |
|
|
Beursplein
37 |
|
|
3011AA
ROTTERDAM |
|
|
KvK:
24191858 |
|
Holding company |
Van
Rees Group B.V. |
|
|
Wijnhaven
65 |
|
|
3011WJ
ROTTERDAM |
|
|
KvK:
51461579 |
|
Subsidiary |
Van
Rees Ceylon B.V. |
|
|
Wijnhaven
65 |
|
|
3011WJ
ROTTERDAM |
|
|
KvK:
24099473 |
|
|
Vriesthee
B.V. |
|
|
Wijnhaven
65 |
|
|
3011WJ
ROTTERDAM |
|
|
KvK:
24104276 |
|
Liability
declaration |
Amsterdam
Commodities N.V. (24191858) |
|
|
Beursplein
37 10e etage |
|
|
3011AA
ROTTERDAM |
|
|
Issue date: 16-12-2011 |
|
|
Since: 12-12-2011 |
|
Bank |
ABN Amro Bank NV |
|
|
Account number: 42.33.01.616 |
|
|
ING Bank NV |
|
|
Account number: 48358 |
|
|
Fortis Bank (Netherlands) NV |
|
|
Account number: 25.12.19.313 |
Real estate Property owned
Surface: 20000 m2
MANAGEMENT
Management P.A.G.M.
van Rijen
Philippus Albertus Gemma Marie
Authorization: Fully authorized
Position: Manager
Date appointed: 19-06-2006
Date of birth: 07-05-1946
P.F. Miles
Philip Ford
Authorization: Fully authorized
Position: General director
Date appointed: 01-03-2013
Date of birth: 16-12-1954
N. Hollanders
Neeltje
Authorization: Limited authorization
Position: Proxy
Date appointed: 19-06-2006
Date of birth: 04-07-1966
J. Mostert
Jan
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-09-2011
Date of birth: 08-07-1972
P. Ruigendijk
Paul
Authorization: Limited authorization
Position: Proxy
Date appointed: 16-11-2012
Date of birth: 01-01-1974
PAYMENT INFORMATION
Payment experiences Payments
are regular, no complaints are known
Payments Based
on multiple payment experiences up to € 15.000
Quarter: 4 2012: 71 Average days
Quarter: 1 2013:
52 Average days
Quarter: 2 2013:
36 Average days
Quarter: 3 2013: 36 Average days
|
|
invoices |
current quarter |
2013
Q2 |
2013
Q1 |
2012
Q4 |
|
|
Total |
40 |
100% |
24.381 |
24.147 |
26.107 |
23.868 |
|
Within terms |
28 |
83,6% |
20.379 |
20.145 |
11.244 |
17.568 |
|
Delayed 0 - 30 |
9 |
16,4% |
4.002 |
4.002 |
14.863 |
|
|
Delayed 31 - 60 |
|
|
|
|
|
|
|
Delayed 61 - 90 |
3 |
0,0% |
|
|
|
6.300 |
|
Delayed 91 - 120 |
|
|
|
|
|
|
|
Delayed 120+ days |
|
|
|
|
|
|
FINANCIAL INFORMATION
|
Type of publication |
Consolidated |
|
Annual accounts van |
Amsterdam
Commodities N.V. |
|
|
Beursplein 37 |
|
|
3011AA ROTTERDAM |
|
|
KvK: 24191858 |
|
Publication |
Steady |
CORE FIGURES
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Quick ratio |
0,58 |
0,55 |
0,60 |
|
Current ratio |
1,59 |
1,48 |
1,50 |
|
Nett workingcapital
/ Balance total |
0,26 |
0,24 |
0,23 |
|
Capital and
reserves / Balance total |
0,46 |
0,41 |
0,31 |
|
Capital and
reserves / Fixed assets |
1,49 |
1,51 |
1,04 |
|
Solvency |
0,93 |
0,70 |
0,49 |
|
Nett workingcapital |
68.615.500 |
65.821.057 |
55.854.000 |
|
Capital and
reserves |
121.935.141 |
111.914.040 |
74.802.000 |
|
Change capital and
reserves |
8,95% |
49,61% |
89,94% |
|
change short term
liabilities |
-15,47% |
22,88% |
280,81% |
|
Operating profit |
41.117.649 |
40.751.878 |
29.703.000 |
|
Nett Turnover |
593.099.563 |
570.986.669 |
374.908.000 |
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2012
Type of publication Corporate
Turnover 2012:
593.099.563
2011: 570.986.669
2010: 374.908.000
2009: 164.519.000
2008: 175.266.000
Gross profit 2012:
87.648.100
2011: 83.357.862
2008: 18.419.000
Operating profit 2012: 41.117.649
2011: 40.751.878
2010: 29.703.000
2009: 13.138.000
2008: 9.374.000
Result after taxes 2012:
27.027.146
2011: 26.151.631
2010: 15.476.000
2009: 10.532.000
2008: 8.742.000
Tendency Constant
Tendency capital and reserves
Capital and reserves 2012
121.935.141
Total debt 2012
143.914.021
Current ratio 2012
1,59
Quick ratio 2012
0,58
Nett workingcapital 2012
68.615.500
Profitability More
than sufficient
Solvency Positive
Liquidity Satisfactory
Current- & Quickratio
BALANCE
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
End of bookyear |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
Intangible assets |
47.699.812 |
48.206.186 |
48.072.000 |
|
Other tangible
assets |
|
|
23.259.000 |
|
Tangible assets |
33.741.781 |
25.405.526 |
23.259.000 |
|
Other financial
assets |
|
|
297.000 |
|
Financial assets |
375.756 |
315.022 |
297.000 |
|
Fixed assets |
81.817.349 |
73.926.734 |
71.628.000 |
|
|
|||
|
Stocks and work in
progress |
117.178.091 |
126.639.326 |
100.282.000 |
|
Trade debtors |
60.844.874 |
70.259.442 |
54.976.000 |
|
Other amounts
receivable |
5.010.147 |
4.938.139 |
5.044.000 |
|
Accounts receivable |
65.855.021 |
75.197.581 |
60.019.000 |
|
Liquid assets |
998.701 |
528.238 |
6.671.000 |
|
Deferred charges
and accrued income |
|
|
5.044.000 |
|
Current assets |
184.031.813 |
202.365.145 |
166.972.000 |
|
Total assets |
265.849.162 |
276.291.879 |
238.600.000 |
|
|
|||
|
Capital and
reserves |
121.935.141 |
111.914.040 |
74.802.000 |
|
Provisions |
12.363.436 |
4.337.411 |
9.723.000 |
|
Achtergestelde
leningen |
|
|
19.902.000 |
|
Financial debts |
|
|
19.902.000 |
|
other long term
debts |
|
|
23.055.000 |
|
Long term
liabilities |
16.134.272 |
23.496.340 |
42.957.000 |
|
Trade debts
suppliers |
33.425.974 |
31.607.512 |
30.822.000 |
|
Debts to credit
institutions |
|
|
59.990.000 |
|
Short term interest
yielding debt |
|
|
59.990.000 |
|
Taxes, remuneration
& soc.security |
|
|
5.425.000 |
|
Other short term
debts |
81.990.339 |
104.936.576 |
14.881.000 |
|
Total short term
debt |
115.416.313 |
136.544.088 |
111.118.000 |
|
Total debt |
143.914.021 |
164.377.839 |
154.075.000 |
|
Total Liabilities |
265.849.162 |
276.291.879 |
238.600.000 |
|
|
|||
|
PROFIT & LOSS
ACCOUNT |
|
|
|
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Turnover |
593.099.563 |
570.986.669 |
374.908.000 |
|
Nett Turnover |
593.099.563 |
570.986.669 |
374.908.000 |
|
Gross profit |
87.648.100 |
83.357.862 |
|
|
Wages employees |
29.823.964 |
28.455.838 |
18.619.000 |
|
Sales costs |
505.451.463 |
487.628.807 |
|
|
Depreciation and
amortization |
2.807.709 |
2.323.767 |
1.965.000 |
|
Raw materials |
|
|
314.648.000 |
|
Other operating
charges |
13.898.778 |
11.826.379 |
9.972.000 |
|
Operating charges |
551.981.914 |
530.234.791 |
345.205.000 |
|
Operating profit |
41.117.649 |
40.751.878 |
29.703.000 |
|
Financial income |
161.407 |
500.425 |
254.000 |
|
Financial charges |
2.881.712 |
3.091.249 |
3.416.000 |
|
Financial result |
-2.720.305 |
-2.590.824 |
-3.162.000 |
|
Result before taxes |
38.397.344 |
38.161.054 |
26.541.000 |
|
Income taxes |
11.370.198 |
11.375.673 |
8.310.000 |
|
Result after taxes |
27.027.146 |
26.785.381 |
18.231.000 |
|
Extraordinary
charges |
|
633.750 |
2.755.000 |
|
Extraordinary result
after taxes |
|
-633.750 |
-2.755.000 |
|
Nett result |
27.027.146 |
26.151.631 |
15.476.000 |
History
Liability statements Per
16-12-2011 filed a declaration of liability.
Per 16-12-2011 filed a withdrawal of
declaration of liability.
Per 23-06-2010 filed a withdrawal of
declaration of liability by N.V. Deli Maatschappij.
Per 21-09-2010 filed a declaration of
liability by Moen's Exoten B.V..
Consent statements Over
bookyear 2012 a consent agreement is filed
Over bookyear 2011 a consent agreement is
filed
Over bookyear 2010 a consent agreement is
filed
Over bookyear 2011 a consent agreement is
filed
Over bookyear 2010 a consent agreement is
filed
Management Per
01-03-2013 manager Philip Ford Miles appointed.
Per 28-02-2013 is Proxy Philip Ford Miles
out of office.
Per 16-11-2012 is Proxy Paul Ruigendijk
appointed.
Per 31-10-2012 is Proxy Fons Johannes Petrus
van der Vleuten out of office.
Per 01-09-2011 is Proxy Jan Mostert
appointed.
Per 31-08-2011 is Proxy Adriaan Klaas Visser
out of office.
Per 28-03-2011 is Proxy Jan Anthonisse out
of office.
Per 03-06-2010 is Proxy Hendrik Jan van
Meerten out of office.
Per 03-06-2010 is Proxy Paul Bernhard
Stemmer out of office.
Modifications Per 23-6-2010 statutes
modified.
Company structure
•
Amsterdam Commodities N.V. (24191858) ROTTERDAM
o
Catz International B.V. (24026175) Rotterdam Subsidiary
Bercatz B.V. (24195899)
ROTTERDAM
Subsidiary (100%)
Tovano B.V. (27055089)
MAASDIJK Subsidiary
(100%)
Expeditiebedrijf en Reisbureau "Flowerland"
B.V. (24097167)
ROTTERDAM
Management relation
Indoca N.V. (24105942) Rotterdam
Management relation
Marimport B.V. (24123318)
ROTTERDAM
Management
relation Acomo Investments B.V. (24168177)
ROTTERDAM
Subsidiary
■ Red
River-van Eck B.V. (20065855) ZEVENBERGEN Subsidiary
■ Van
Rees Group B.V. (51461579)
ROTTERDAM
Subsidiary
■
Van Rees B.V. (24109248) Rotterdam Subsidiary
■ Van
Rees Ceylon B.V. (24099473)
ROTTERDAM Subsidiary
(100%)
■ Vriesthee
B.V. (24104276)
ROTTERDAM Subsidiary
(100%)
o Handel
Maatschappij Prodex B.V. (24256335)
ROTTERDAM Subsidiary
(100%)
o
King Nuts Holding B.V. (28110451)
BODEGRAVEN
Subsidiary
■
King Nuts B.V. (29047155)
BODEGRAVEN Subsidiary
(100%)
o
Tefco Euroingredients B.V. (29034877)
BODEGRAVEN
Subsidiary
o Technische
Handelmaatschappij Agrotrade B.V. (33012538)
AMSTERDAM
Subsidiary
o Tiedeman
& van Kerchem B.V. (33081106)
AMSTERDAM
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.