MIRA INFORM REPORT

 

 

Report Date :

01.08.2014

 

IDENTIFICATION DETAILS

 

Name :

GLENCORE GRAIN B.V.

 

 

Registered Office :

Blaak 31 3011GA Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

09.04.1980

 

 

Com. Reg. No.:

24138640

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Wholesale Of Grain

·         Wholesale Of Ferrous Metals and Ferrous Semi-Finished Products

 

 

No. of Employees

219

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

 

Source : CIA

 

 

 

Company name and address

 

Company name           GLENCORE GRAIN B.V.

Operative address       Blaak 31

3011GA Rotterdam

Netherlands

 

Legal form                   Private Company

Registration number    KvK-nummer: 24138640

VAT-number                005199542

 

 

Year

2013

 

Mutation

2012

 

Mutation

2011

Fixed assets

115.747.000

 

-26,53

157.547.376

 

2.918,22

5.219.878

Total receivables

2.108.596.000

\

-15,65

2.499.840.926

t

33,63

1.870.743.470

 

Total equity

174.692.000

*

2,04

171.207.373

 

7,11

159.845.427

Short term liabilities

1.919.251.000

4

-29,47

2.721.252.181

t

32,84

2.048.534.642

 

Net result

3.030.000

 

-76,24

12.754.283

t

25,83

10.136.023

 

Working capital

371.705.000

*

1.151,47

29.701.381

 

-80,79

154.625.549

Quick ratio

1,11

 

18,09

0,94

 

1,08

0,93

 

 

 

Contact information

 

Company name           GLENCORE GRAIN B.V.

Trade names               GLENCORE GRAIN B.V.

Operative address       Blaak 31

3011GA Rotterdam

Netherlands

 

Correspondence address         Postbus 1120

3000BC Rotterdam

Netherlands

Telephone number                  0104044400

Fax number                             0104129635

Email address                          hr.rotterdam@glencore.com

Website                                   www.glencore.com

 

 

 

Registration

 

Registration number    KvK-nummer: 24138640

Branch number            000017838428

VAT-number                005199542

Status                          Active

Memorandum              1980-04-09

Establishment date      1980-04-09

Legal form                   Private Company

Last proposed admendment 2006-02-24

 

 

Activities

 

SBI                   Wholesale of grain (46211)

Wholesale of ferrous metals and ferrous semi-finished products (46722)

Exporter           Yes

Importer           Yes

 

Branche organisations             KVNR - Koninklijke Vereniging van Nederlandse Reders

Goal                                         Trading, including futures commission trade, agencies, and im-

export and distribution, both for its own account and on behalf of third parties, in all

goods, in particular in products, raw materials, energy and intermediate goods

 

Relations

 

Shareholders               Finges Investment B.V.

Blaak 31

3011GA ROTTERDAM

Netherlands

Registration number:      341194320000

Percentage:                   100.00%

 

Companies on same address   Amount: 171

 

 

Management

 

Active management

 

C.J. Mahoney (Christopher John)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2005-08-31

Date of birth: 1959-01-02, Edmonton, GB

 

A.P. Hubmann (Andreas Peter)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2005-08-31

Date of birth: 1966-10-11, Bichelsee-Balterswil, CH

 

E.C.B. Mostert (Ernest Christian Barend)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2006-05-01

Date of birth: 1964-08-18, Pretoria, ZA

Involved with the following companies

 

• BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Manager

 

• Glencore Grain Rotterdam B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 241417980000

Function: Manager

 

A.F.S. van Hoorn (Adrianus Frederik Sébastian)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-17

Date of birth: 1976-12-24, Oud-Beijerland, NL

 

M.J. Pattenier (Michaëla Johanna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2005-09-12

Date of birth: 1964-05-08, Schiedam, NL

Involved with the following companies

 

• BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

R.J.J. de Gelder (Ronald Jozef Johanna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1967-11-05, Sittard, NL

 

R. Jansen (Robert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1960-12-31, Rotterdam, NL

 

F. Ketting (Ferry)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1966-08-18, Rotterdam, NL

 

R.J.D. Klein (Richard Jozef Daniel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1968-03-24, 's-Gravenhage, NL

 

S.M. Kosorog (Sylvie Marie-claire)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1964-04-02, Tonnerre, FR

 

A. Kouwenhoven (Arie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1959-07-21, Bergambacht, NL

Involved with the following companies

 

• BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

B. Kouwenhoven (Benny)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1965-11-16, Sneek, NL

 

M.S. Kubbe (Maarten Sebastiaan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1972-09-20, Voorburg, NL

 

N.L.M. van den Meiracker (Nicolaas Leonardus Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1957-02-06, Rotterdam, NL

 

P.M. Mouthaan (Peter Mario)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1970-08-14, Bergen op Zoom, NL

 

A.A. Rabeling (Antonius Alfonsius)

Netherlands

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1962-07-30, Vlaardingen, NL

 

T.E. Schipper (Theo Eymert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1963-02-17, Delft, NL

A.B.J. Schrage (Antonius Bernardus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1959-03-15, Rotterdam, NL

 

J. Wakker (Jeffrey)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1971-09-11, 's-Gravenhage, NL

 

A. de Veer (Abraham)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-07-19

Date of birth: 1967-06-15, Breda, NL

 

M. den Otter (Margaretha)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-25

Date of birth: 1963-05-31, Barendrecht, NL

 

Involved with the following companies

• BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

C. Both (Camiel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-09-01

Date of birth: 1978-08-23, Poortugaal, NL

 

D.A. Pickett (Daniel Anthony)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-11-15

Date of birth: 1984-09-19, Goole, GB

 

J. Gielisse (Jerry)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-06-11

Date of birth: 1979-06-08, Leidschendam, NL

 

C.R. Iles (Colin Richard)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-06-19

Date of birth: 1973-08-24, Rinteln, DE

 

E.J. Aubailly (Etienne Jean-François)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-01-23

Date of birth: 1970-08-14, Bourges, FR

 

Involved with the following companies

• BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

O.A.M. Calvar (Olivier Andre Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-22

Date of birth: 1971-05-09, Vannes, FR

 

J.D. Maw (James Daniel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-22

Date of birth: 1963-07-06, Scarborough, GB

 

D.W. Johnson (Danial Wesley)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-15

Date of birth: 1980-05-09, Tamworth, AU

 

P.J. Tustin (Peter John)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-23

Date of birth: 1974-02-05, Geelong, AU

 

J. Hansen (Jimmy)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-23

Date of birth: 1979-09-09, Heusden, NL

 

C.G.W. Popowich (Chad George William)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-11-04

Date of birth: 1978-11-23, Regina, CA

 

C. Toral Oropesa (Cristobal)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-11-05

Date of birth: 1973-01-22, Madrid, ES

 

J. Barth (Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-14

Date of birth: 1980-11-02, Middelburg, NL

L.J. Dorrestein (Lucas James)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-24

Date of birth: 1985-07-03, Brighton, GB

 

F.A. Mardon (Francis Albert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-05-05

Date of birth: 1972-10-16, Loches, FR

 

 

Employees

 

Employees

Year                 2012     2011     2010     2009     2008

Total                 219       183       1          142       1

 

 

Payments

 

Score               8

Description      Payments made under regular condition

 

 

Key figures

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,11

0,94

0,93

0,95

1,17

Current ratio

1,19

1,01

1,08

1,06

1,36

 

Working capital/ balance total

0,15

0,01

0,07

0,06

0,27

Equity / balance total

0,07

0,06

0,07

0,06

0,27

Equity / Fixed assets

1,51

1,09

30,62

47,09

271,69

Equity / liabilities

0,08

0,06

0,08

0,06

0,37

Balance total / liabilities

1,08

1,06

1,08

1,06

1,37

 

Working capital

371.705.000

29.701.381

154.625.549

141.041.379

244.837.501

Equity

174.692.000

171.207.373

159.845.427

144.101.447

245.741.985

Mutation equity

2,04

7,11

10,93

-41,36

-36,57

Mutation short term liabilities

-29,47

32,84

-15,30

260,19

-29,33

 

 

Year

2013

2012

2011

2010

2009

Return on total assets (ROA)

0,23

0,59

0,51

-14,59

8,48

Return on equity (ROE)

3,15

10,08

7,09

-259,41

31,64

Gross profit margin

0,22

0,44

0,73

-6,39

2,43

Net profit margin

0,02

0,11

0,11

-7,38

2,10

 

Average collection ratio

6,57

4,22

4,33

2,22

6,06

Average payment ratio

5,98

4,59

4,74

2,37

5,17

Equity turnover ratio

72,20

67,02

55,50

37,29

16,55

Total assets turnover ratio

5,24

3,95

4,02

2,10

4,43

Fixed assets turnover ratio

108,97

72,83

1.699,48

1.756,21

4.495,19

Inventory conversion ratio

83,12

57,12

29,10

19,85

31,17

 

Turnover

12.613.363.000

11.474.447.128

8.871.088.094

5.374.112.762

4.065.827.012

Gross margin

92.797.000

92.082.010

112.146.223

90.942.585

125.503.228

Operating result

28.305.000

50.704.868

64.630.960

-343.171.167

98.606.803

Net result after taxes

3.031.000

12.754.283

10.136.023

-396.466.165

85.204.752

 

EBIT

 

50.704.868

64.630.960

-343.171.167

98.606.803

 

 

Summary

 

The 2013 financial result structure is a postive working captial of 371.705.000 euro, which is

in agreement with 15 % of the total assets of the company.

The working capital has increased with 1151.47 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

The improvement between 2012 and 2013 has mainly been caused by an increase of the

current assets.

The current ratio of the company in 2013 was 1.19. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

The quick ratio in 2013 of the company was 1.11. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

The 2012 financial result structure is a postive working captial of 29.701.381 euro, which is in

agreement with 1 % of the total assets of the company.

The working capital has diminished with -80.79 % compared to previous year. The ratio, with

respect to the total assets of the company has however, declined.

The deterioration between 2011 and 2012 has mainly been caused by an increase of the

current liabilities.

The current ratio of the company in 2012 was 1.01. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

The quick ratio in 2012 of the company was 0.94. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities

 

 

 

 

 

 

 

 

Financial statement

 

Type of annual account           Corporate

Annual account                       Glencore Grain B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number:                  241386400000

 

 

Balance

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Other tangible fixed assets

5.077.000

 

 

 

 

Tangible fixed assets

5.077.000

 

3.614.653

2.362.932

 

Associated and affliated companies

87.000

 

 

 

 

Financial fixed assets

87.000

157.547.376

1.605.224

697.136

904.484

Other fixed assets

110.583.000

 

 

 

 

Fixed assets

115.747.000

157.547.376

5.219.878

3.060.068

904.484

 

Total stock

151.745.000

200.892.079

304.822.626

270.761.778

130.458.107

Accounts receivable

 

719.017.761

569.765.819

578.325.154

225.346.322

Other receivables

 

1.780.823.165

1.300.977.651

1.685.208.033

560.362.889

Total receivables

2.108.596.000

2.499.840.926

1.870.743.470

2.263.533.187

785.709.211

Liquid funds

30.615.000

50.220.557

27.594.095

25.331.019

152.020

Current assets

2.290.956.000

2.750.953.562

2.203.160.191

2.559.625.984

916.319.338

Total assets

2.406.703.000

2.908.500.938

2.208.380.069

2.562.686.051

917.223.822

 

Issued capital

17.640.000

16.502.956

16.579.334

16.577.175

16.441.062

Other reserves

157.052.000

154.704.417

143.266.093

127.524.271

229.300.923

Total reserves

157.052.000

154.704.417

143.266.093

127.524.271

229.300.923

Total equity

174.692.000

171.207.373

159.845.427

144.101.447

245.741.985

 

Provisions

2.682.000

16.041.383

 

 

 

Long term liabilities

310.078.000

 

Accounts payable

1.647.081.000

145.954.985

113.846.509

95.816.552

72.749.529

Short term interest yielding debt

251.938.000

 

 

 

 

Other short term liabilities

20.232.000

2.575.297.197

1.934.688.133

2.322.768.053

598.732.308

 

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Short term liabilities

1.919.251.000

2.721.252.181

2.048.534.642

2.418.584.605

671.481.837

Total short and long term liabilities

2.232.011.000

2.737.293.564

2.048.534.642

2.418.584.605

671.481.837

 

 

Summary

 

The total assets of the company decreased with -17.25 % between 2012 and 2013.

This downturn is mainly retrievable in the fixed asset decrease of -26.53 %.

The asset reduction is in contrast with the equity growth of 2.04 %. Due to this the total debt

decreased with -18.46 %.

In 2013 the assets of the company were 4.81 % composed of fixed assets and 95.19 % by

current assets. The assets are being financed by an equity of 7.26 %, and total debt of 92.74

%.

The total assets of the company increased with 31.7 % between 2011 and 2012.

The total asset increase is retrievable in the fixed asset growth of 2918.22 %.

The asset growth has mainly been financed by a debt increase of 33.62 %. The Net Worth,

however, grew with 7.11 %.

In 2012 the assets of the company were 5.42 % composed of fixed assets and 94.58 % by

current assets. The assets are being financed by an equity of 5.89 %, and total debt of 94.11

%.

 

 

Profit and loss

 

Net turnover

12.613.363.000

11.474.447.128

8.871.088.094

5.374.112.762

4.065.827.012

Year

2013

2012

2011

2010

2009

Cost of sales

12.520.566.000

 

 

 

 

Gross margin

92.797.000

92.082.010

112.146.223

90.942.585

125.503.228

 

Wages and salaries

 

21.678.794

22.276.837

16.903.303

 

Sales

 

11.382.365.118

8.758.941.871

5.283.170.177

26.896.425

other operating costs

 

19.698.348

25.238.426

417.210.448

 

Operating expenses

64.491.000

11.423.742.260

8.806.457.134

5.717.283.929

3.967.220.208

Operating result

28.306.000

50.704.868

64.630.960

-343.171.167

98.606.803

 

Financial income

9.498.000

13.468.244

17.357.601

11.360.624

12.622.515

Financial expenses

32.302.000

46.912.235

70.650.745

42.000.946

33.478.403

Financial result

-22.804.000

-33.443.991

-53.293.144

-30.640.323

-20.855.888

Result on ordinary operations before taxes

5.502.000

17.260.877

11.337.816

-373.811.490

77.750.916

 

Taxation on the result of ordinary activities

1.812.000

4.506.594

1.201.793

11.235.708

-10.571.287

Result of ordinary activities after taxes

3.690.000

12.754.283

10.136.023

-385.047.197

88.322.203

 

Extraordinary result after taxation

-660.000

 

 

 

 

Result subsidiaries after taxes

 

 

 

-11.418.968

-3.117.450

Net result

3.030.000

12.754.283

10.136.023

-396.466.165

85.204.752

 

Attributable to shareholders

3.030.000

 

 

 

 

 

 

Summary

 

The turnover of the company grew with 9.93 % between 2012 and 2013.

The gross profit of the company has remained the same between 2012 and 2013.

The operating result of the company declined with -44.18 % between 2012 and 2013. This

evolution implies an decrease of the company's economic profitability.

The result of these changes is a reduction of the company's Economic Profitability of -61.02

% of the analysed period, being equal to 2012 % in the year 2013.

Despite the decline the assets turnover increased by 32.66 % reaching 5.24.

The Net Result of the company increased by -76.24 % between 2012 and 2013.

The company's Financial Profitability has been positively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability increase of

-68.75 % of the analysed period, being 3.15 % in the year 2013.

The company's financial profitability has been positively affected by its financial structure.

The turnover of the company grew with 29.35 % between 2011 and 2012.

The gross profit of the company decreased by -17.89 % between 2011 and 2012.

The operating result of the company declined with -21.55 % between 2011 and 2012. This

evolution implies an decrease of the company's economic profitability.

The result of these changes is an increase of the company's Economic Profitability of 15.69

% of the analysed period, being equal to 2011 % in the year 2012.

Despite the growth the assets turnover decreased, whose index evolved with -1.74 % to a

level of 3.95.

The Net Result of the company decreased by 25.83 % between 2011 and 2012.

The company's Financial Profitability has been negatively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability reduction

of 42.17 % of the analysed period, being 10.08 % in the year 2012.

The company's financial structure has slowed down its financial profitability.

 

 

 

Analysis

 

Branch (SBI) Wholesale trade (no motor vehicles and motorcycles) (46)

Region Groot Rotterdam

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Groot Rotterdam 8969 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region Groot Rotterdam 231 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Groot Rotterdam is normal

 

Publications

 

Filings 20-05-2014: De jaarrekening over 2013 is gepubliceerd.

13-02-2014: De jaarrekening over 2012 is gepubliceerd.

10-02-2012: De jaarrekening over 2010 is gepubliceerd.

17-03-2011: De jaarrekening over 2009 is gepubliceerd.

03-03-2010: De jaarrekening over 2008 is gepubliceerd.

Functions 14-05-2014: Per 30-04-2014 is gevolmachtigde Wilhelmus Marinus van Deurzen uit functie

getreden.

14-05-2014: Per 05-05-2014 is gevolmachtigde Francis Albert Mardon in functie getreden.

26-02-2014: Per 24-02-2014 is gevolmachtigde Lucas James Dorrestein in functie getreden.

21-02-2014: Per 14-02-2014 is gevolmachtigde Johannes Barth in functie getreden.

21-02-2014: Per 14-02-2014 is gevolmachtigde Thomas Theodorus Maria Heijselaar uit

functie getreden.

27-01-2014: Per 23-01-2014 is gevolmachtigde Etienne Jean-François Aubailly in functie

getreden.

13-11-2013: Per 05-11-2013 is gevolmachtigde Cristobal Toral Oropesa in functie getreden.

13-11-2013: Per 04-11-2013 is gevolmachtigde Chad George William Popowich in functie

getreden.

31-10-2013: Per 23-10-2013 is gevolmachtigde Peter John Tustin in functie getreden.

31-10-2013: Per 23-10-2013 is gevolmachtigde Jimmy Hansen in functie getreden.

17-10-2013: Per 15-10-2013 is gevolmachtigde Danial Wesley Johnson in functie getreden.

15-10-2013: Per 14-10-2013 is gevolmachtigde Peter Johannes Poort uit functie getreden.

05-09-2013: Per 01-09-2013 is gevolmachtigde Manuel David Schöngüt uit functie getreden.

14-08-2013: Per 22-07-2013 is gevolmachtigde James Daniel Maw in functie getreden.

14-08-2013: Per 17-07-2013 is gevolmachtigde Adrianus Frederik Sébastian van Hoorn in

functie getreden.

30-07-2013: Per 22-07-2013 is gevolmachtigde Olivier Andre Marie Calvar in functie

getreden.

22-06-2012: Per 19-06-2012 is gevolmachtigde Colin Richard Iles in functie getreden.

15-06-2012: Per 11-06-2012 is gevolmachtigde Jerry Gielisse in functie getreden.

15-02-2012: Per 30-01-2012 is gevolmachtigde Ronald Burki uit functie getreden.

16-11-2011: Per 15-11-2011 is gevolmachtigde Daniel Anthony Pickett in functie getreden.

27-09-2011: Per 20-09-2011 is gevolmachtigde Mark Simon Allen uit functie getreden.

08-09-2011: Per 01-09-2011 is gevolmachtigde Marc Webbers uit functie getreden.

06-09-2011: Per 01-09-2011 is gevolmachtigde Camiel Both in functie getreden.

24-03-2011: Per 24-03-2011 is gevolmachtigde Marc Webbers in functie getreden.

25-01-2011: Per 25-01-2011 is gevolmachtigde Margaretha den Otter in functie getreden.

21-07-2010: Per 19-07-2010 is gevolmachtigde Abraham de Veer in functie getreden.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.25

UK Pound

1

Rs.101.92

Euro

1

Rs.80.70

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

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.