MIRA INFORM REPORT

 

 

Report Date :

04.10.2013

 

IDENTIFICATION DETAILS

 

Name :

NIDERA B.V.

 

 

Registered Office :

492 Willemsplein, Rotterdam 3016

 

 

Country :

Netherlands

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

05.07.2000

 

 

Com. Reg. No.:

24307569

 

 

Legal Form :

Private limited liability company (BV) with ordinary structure

 

 

Line of Business :

Wholesale of grain

 

 

No. of Employees :

3734

 

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)

Netherland

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                       NIDERA B.V.

Company Registration             24307569

Country                                    NL

Activity Code                           46211

Activity Description                  Wholesale of grain

Company Status                      Active

Latest Turnover                       10,979,245,866.30 (EUR)

Rating Indicator                       Profit - Before 15,196,689.31 Tax (EUR)

 

 

Company Identification

 

Activities

 

Activity Code                                       46211

Activity Description                              Wholesale of grain

 

 

Basic Information

 

Company Name                                   Nidera B.V.

Registered Company Name                 Nidera B.V.

Company Registration Number            24307569

Country                                                NL

Date of Company Registration             05/07/2000

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

Type of Ownership Company Status    Active

Principal Activity Code                        46211

Principal Activity Description               Wholesale of grain

Contact Address                                   492 Willemsplein, ROTTERDAM 3016

Contact Telephone Number                 0104301911

 

 

Main Address

 

Address                                    492 Willemsplein, ROTTERDAM 3016DR

Country                                    NL

 

Other Addresses

 

Address                                    492 Willemsplein, ROTTERDAM 3016DR

Telephone                               0104301911

 

 

Current Directors Managers

 

Name                           Martin Javier Inhargue

Position                       Authorised Signatory

 

 

Share Capital Structure

 

Issued Share capital                3,000,000.00 (EUR)

Name                                       Nidera Capital B.V.

Address                                    492 Willemsplein, ROTTERDAM 3016DR

Share Percent                                     100.00 %

 

 

Extended Group Structure

 

Company Name                       Registration Number    Status              Last Financials

1 Nidera Capital B.V.                  240435170000               Active               30/09/2012

2 NGM International B.V.            241869960000               Active               30/09/2012

2 Trenova B.V.                           242919690000               Active               30/09/2012

2 Nidera B.V.                             243075690000               Active               30/09/2012

3 Transfeed B.V.                        241791490000               Active               30/09/2011

4 Agridient B.V.                         244528260000               Active               30/09/2011

3 Nidera Participations B.V.        244494530000               Active               30/09/2011

3 Concordia Middle East B.V.     244494640000               Active               30/09/2011

 

 

Affiliated Companies

 

Affiliate Name              NGM International B.V.

Affiliate ID                    NL007/X/241869960000

Country                        NL

Affiliate Name              Trenova B.V.

Affiliate ID                    NL007/X/242919690000

Country                        NL

Affiliate Name              Agridient B.V.

Affiliate ID                    NL007/X/244528260000

Country                        NL

 

 

Employee Information

 

Year                                         2012

Number of Employees             3734

 

Year                                         2011

Number of Employees             844

 

Year                                         2010

Number of Employees             884

 

Year                                         2009

Number of Employees             808

 

Year                                         2008

Number of Employees             675

 

 

Financial Statements

 

Profit & Loss

 

Financial Year                                    2012                                                   2011                                                    2010

Number of Weeks                              52                                                       52                                                        52

Currency                                            EUR                                                   EUR                                                    EUR

Consolidated  Accounts                      True                                                    True                                                     True

Revenue                                             10,979,245,866.30                               10,246,552,707.03                                8,344,774,928.96

Operating Costs                                 10,940,366,892.88                               10,186,964,589.04                                8,381,494,423.60

Operating Profit                                 38,878,973.42                                      59,588,117.99                                       -36,719,494.64

Wages & Salaries                               131,955,080.27                                    55,855,947.34                                       62,755,353.55

Depreciation                                      17,343,956.77                                      3,589,490.79                                        3,794,512.74

Financial Income                               10,074,354.20                                      5,040,069.26                                        6,168,654.01

Financial Expenses                            64,150,016.94                                      40,981,894.44                                       36,604,450.97

Extraordinary  Costs                           -95,416,184.91                                     2,810,535.94                                        309,782.37

Profit Before Tax                                -15,196,689.31                                     23,646,292.80                                       -67,155,291.59

Tax                                                     34,140,331.42                                      11,596,272.59                                       -10,735,051.88

Profit After Tax                                    -49,337,020.73                                     12,050,020.21                                       -56,420,239.71

Retained Profit                                   46,173,641.38                                      9,267,763.16                                        -56,808,431.73

 

 

Balance Sheet

 

Financial Year                                    2012                                                   2011                                                    2010

Number of Weeks                              52                                                       52                                                        52

Currency                                            EUR                                                   EUR                                                    EUR

Consolidated  Accounts                      True                                                    True                                                     True

Total Tangible Assets                         228,722,224.83                                    18,142,835.38                                       21,997,119.41

Total Intangible Assets                       19,031,049.58                                      9,483,068.34                                        9,660,454.09

Investments                                        52,908,515.87                                      41,807,123.84                                       44,699,925.64

Total Fixed Assets                              300,661,790.27                                    69,433,027.56                                       76,357,499.14

Total Inventories                                1,168,531,252.35                                 403,854,026.95                                     485,403,915.73

Trade Receivables                              452,038,682.95                                    274,960,136.41                                     292,860,673.13

Miscellaneous  Receivables                780,663,152.80                                    390,889,441.75                                     424,036,155.84

Total Receivables                               1,232,701,835.75                                 665,849,578.16                                     716,896,828.97

Cash                                                   27,203,648.49                                      8,391,760.30                                        201,931,833.74

Other Current Assets                         0.00                                                    0.00                                                     0.00

Total Current Assets                           2,428,436,736.59                                 1,078,095,365.41                                  1,404,232,578.44

Total Assets                                        2,729,098,526.86                                 1,147,528,392.97                                  1,480,590,077.58

Trade Payables                                   294,925,032.02                                    169,605,207.43                                     225,963,747.75

Miscellaneous  Liabilities                    1,716,945,031.62                                 707,425,971.97                                     851,533,262.08

Total Current Liabilities                     2,011,870,063.64                                 877,031,179.40                                     1,077,497,009.83

Other Loans/Finance  

due after 1 year                                                                                           12,854,040.44                                         49,781,127.83                           

Miscellaneous  Liabilities

due after 1 year                                 247,592,598.90                                    7,017,663.38                                           184,670,142.83

Total Long Term Liabilities                247,592,598.90                                    56,798,791.21                                       197,524,183.27

Total Liabilities                                  2,259,462,662.54                                 933,829,970.61                                     1,275,021,193.10

Revenue Reserves                              0.00                                                    0.00                                                     0.00

Other Reserves                                   469,635,864.32                                    213,698,422.36                                     205,568,884.48

Total Shareholders  Equity                 469,635,864.32                                    213,698,422.36                                     205,568,884.48

 

Other Financials

 

Working Capital                                 416,566,672.95                                    201,064,186.01                                     326,735,568.61

Net Worth                                           450,604,814.74                                    204,215,354.02                                     195,908,430.39

 

Ratios

Pre-Tax Profit Margin                         -0.14                                                   0.23                                                     -0.81

Return on Capital Employed              -2.14                                                   8.74                                                     -16.62

Return on Total Assets

  Employed                                          -0.56                                                 2.06                                                        -4.54

Return on Net Assets Employed        -3.20                                                   11.07                                                   -32.81

Sales/Net Working Capital                 26.36                                                  50.96                                                   25.45

Stock Turnover Ratio                         10.64                                                  3.94                                                     5.84

Debtor Days                                       15.03                                                  9.79                                                     12.86

Creditor Days                                     9.84                                                    6.08                                                     9.84

Current Ratio                                     1.21                                                    1.23                                                     1.30

Liquidity Ratio/Acid Test                    0.63                                                    0.77                                                     0.85

Current Debt Ratio                             4.28                                                    4.10                                                     5.24

Gearing                                              51.47                                                  26.60                                                   96.51

Equity in Percentage                          17.33                                                  18.78                                                   13.98

Total Debt Ratio                                 4.80                                                    4.37                                                     6.21

 

 

Additional Information

 

Miscellaneous

Ceased Trading Date

Exporter                                   Yes

Importer                                   Yes

 

Industry Comparison

Industry Avg Credit Limit         100,681.95 (EUR)

Industry Avg Credit Rating       57.25

 

Payment Expectations Summary

 

Payment Expectation Days                  9.84

Industry Avg Payment

Expectation Days                                 33.96

DaySalesOutstanding                          15.03

Industry Avg Day Sales

Outstanding                                         38.76

Suspension Of Payments Mora No

 

Industry Quartile Analysis

 

Payment Expectation Days

Payment Expectations Lower              18.77

Payment Expectations Median            23.44

Payment Expectations Upper              52.66

 

Day Sales Outstanding

Day Sales Outstanding Lower                         7.73

Day Sales Outstanding Median            23.97

Day Sales Outstanding Upper

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.100.44

Euro

1

Rs.84.23

 

 

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%)

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.