MIRA
INFORM REPORT
|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TROUW
NUTRITION HIFEED B.V. |
|
|
|
|
Registered Office : |
Veerstraat 38 5831JN Boxmeer |
|
|
|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
23.02.1990 |
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|
|
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Com. Reg. No.: |
38021507 |
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|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Wholesaler of mixed and concentrate feeds |
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|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
CONTACT INFORMATION
|
Company name |
Trouw Nutrition Hifeed B.V. |
|
|
|
|
Tradename |
Trouw Nutrition Hifeed B.V. |
|
|
Hendrix |
|
|
Selko |
|
|
Milkivit |
|
|
Nutreco |
|
|
|
|
Address |
Veerstraat 38 |
|
|
5831JN Boxmeer |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus 234 |
|
|
5830AE
BOXMEER |
|
|
Netherlands |
|
Telephone
number |
0485 589988 |
|
Telefax number |
0485 575567 |
|
|
|
|
E-mail
address |
|
|
Website |
|
|
VAT number /
RSIN |
007436944 |
COMPANY INFORMATION
Handels register nummer 38021507
Registered in Chamber of commerce Brabant
First registration 23-02-1990
Act of foundation 22-02-1990
Date of constitution 01-01-1990
Continuation date 22-02-1990
Last change in statutes 31-10-2003
Company summary
|
Legal form |
Private Company |
|
Place of constitution |
Boxmeer |
|
Capital |
EUR 90.000 |
|
Issued capital |
EUR 18.000 |
|
Paid up capital |
EUR 18.000 |
NACE-code Wholesale
of mixed and concentrate feeds (51214)
SBI-code Wholesale
of mixed and concentrate feeds (46214)
Formal
objective Trading, and import and export of particular feed, concentrates, premixes
and raw materials
and other goods.
The provision
of services, including
transfer of knowledge, in the agricultural sector to others
|
Employees |
Total: 19 |
|
|
|
|
Bookyear |
|
2012 |
2011 |
2007 |
|
Number |
|
19 |
11 |
11 |
|
Change |
|
72,73% |
0,00% |
0,00% |
COMPANY STRUCTURE
Shareholder Nutreco
Netherlands B.V.
Veerstraat 38
5831JN Boxmeer
Netherlands
KvK: 16058721 A
ctive since: 12-10-2011
Percentage: 100.00%
Ultimate parent
company
Nutreco N.V.
Veerstraat 38
5831JN Boxmeer
KvK:16074305
Holding company
Nutreco Netherlands
B.V. Veerstraat
38 5831JN Boxmeer
KvK: 16058721
Affiliated
companies
Trouw Nutrition Netherlands B.V.
Nijverheidsweg 2
3881LA PUTINN
KvK: 08013919
Masterlab B.V. Nijverheidsweg
2
3881LA PUTINN
KvK: 08120541
Selko B.V.
Jellinghausstraat 22 5048AZ TILBURG
KvK:
18025624
Sloten Groep B.V.
Antwerpenweg 7
7418CR
DEVENTER
KvK: 38018665
Liability declaration Nutreco
N.V. (16074305)
Veerstraat 38
5831JN
Boxmeer
Issue
date: 23-06-1999
Since:
23-06-1999
Bank
Bank ABN Amro Bank NV
Account number:
44.53.71.196
Real estate
Group-property
owned
The real estate
is checked at the land registration office
Object code:
BOXMEER L 2853
Owner: NUTRECO
NETHERLANDS B.V.
Management
Nutreco Netherlands B.V.
Veerstraat 38
5831JN Boxmeer Netherlands
KvK: 16058721
Authorization:
Jointly authorized
Position:
Manager
Date appointed:
17-12-1998
R. Kiers Rob
Authorization:
Jointly authorized
Position:
Manager
Date appointed:
01-05-2011
Date of birth:
23-09-1980
H. de Wildt
Harm
Authorization:
Jointly authorized
Position:
Manager
Date appointed:
01-05-2011
Date of birth: 23-10-1962
Other directorships:
- Managing
Director: Nutreco Netherlands B.V. - Boxmeer (KvK: 16058721)
H.A. van de Kolk
Henricus Antonius
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-02-2004
Date of birth:
29-05-1966
M.J. van de
Wall Maria Johanna
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-10-2011
Date of birth:
27-02-1963
A. Keesman Aafje
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-02-1999
Date of birth:
10-04-1953
F.R. Mustafajev Famil Rizvan
Authorization:
Limited authorization
Position: Proxy
Date appointed:
25-08-2011
Date of birth:
20-01-1964
R.H.E. de Waal
Remco Hans Erik
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-10-2011
Date of birth:
17-07-1970
D.C.A.M. Wind -
van Es Danielle Catharina Anna Maria Authorization:
Limited authorization Position: Proxy Date appointed: 01-09-2005 Date of birth:
27-12-1975
R.M. Wirken Remko Mark
Authorization:
Limited authorization P
osition: Proxy
Date appointed:
26-09-2011
Date of birth:
01-07-1981
PAYMENT INFORMATION
|
Payment
experiences |
Payments are
regular |
|
Payments |
Based on
multiple payment experiences up to € 1.000 |
|
|
Quarter: 1
2013: 62 Average days |
|
|
Quarter: 2
2013: 55 Average days |
|
|
Quarter: 3
2013: 59 Average days |
|
|
Quarter: 4
2013: 66 Average days |
FINANCIAL INFORMATION
|
Type of
publication |
Consolidated |
|
Annual
accounts van |
Nutreco N.V. |
|
|
Veerstraat 38 |
|
|
5831JN Boxmeer |
|
|
KvK:16074305 |
|
Publication |
Steady |
CORE FIGURES
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Quick ratio |
0,99 |
0,97 |
0,86 |
|
Current ratio |
1,27 |
1,20 |
1,11 |
|
Nett workingcapital / Balance total |
0,13 |
0,10 |
0,06 |
|
Capital and
reserves / Balance total |
0,34 |
0,34 |
0,34 |
|
Capital and
reserves / Fixed assets |
0,85 |
0,84 |
0,81 |
|
Solvency |
0,53 |
0,54 |
0,53 |
|
Nett workingcapital |
359.100.000 |
254.000.000 |
137.700.000 |
|
Capital and
reserves |
972.000.000 |
874.500.000 |
809.400.000 |
|
Change
capital and reserves |
11,15% |
8,04% |
10,85% |
|
change short
term liabilities |
5,10% |
2,04% |
30,36% |
|
Nett Turnover |
5.229.100.000 |
4.721.100.000 |
4.939.700.000 |
|
Operating
profit |
234.600.000 |
196.100.000 |
188.900.000 |
Annual accounts
The published financial
information is the consolidated group information.
|
Last annual
accounts |
2012 |
|
|
Type of
publication |
Corporate |
|
|
Turnover |
2012: |
5.229.100.000 |
|
|
2011: |
4.721.100.000 |
|
|
2010: |
4.939.700.000 |
|
|
2009: |
4.511.700.000 |
|
|
2008: |
4.943.100.000 |
|
|
2007: |
4.021.100.000 |
|
|
2006: |
3.031.300.000 |
|
Operating
profit |
2012: |
234.600.000 |
|
|
2011: |
196.100.000 |
|
|
2010: |
188.900.000 |
|
|
2009: |
164.800.000 |
|
|
2008: |
172.100.000 |
|
|
2007: |
149.000.000 |
|
|
2006: |
113.300.000 |
|
Result after
taxes |
2012: |
177.600.000 |
|
|
2011: |
131.201.000 |
|
|
2010: |
113.001.000 |
|
|
2009: |
93.001.000 |
|
|
2008: |
114.800.000 |
|
|
2007: |
118.600.000 |
|
|
2006: |
520.500.000 |
Tendency Changeable
Tendency capital and reserves
Capital and reserves 2012
972.000.000
Total debt 2012
1.836.700.000
BALANCE sheet
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
End of bookyear |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
Intangible assets |
408.100.000 |
360.500.000 |
347.300.000 |
|
Tangible assets |
639.600.000 |
583.300.000 |
564.600.000 |
|
Financial assets |
96.200.000 |
100.600.000 |
88.100.000 |
|
Fixed assets |
1.143.900.000 |
1.044.400.000 |
1.000.000.000 |
|
|
|||
|
Stocks and work in
progress |
370.100.000 |
296.800.000 |
309.000.000 |
|
Trade debtors |
357.400.000 |
742.000.000 |
601.400.000 |
|
Other amounts receivable |
683.400.000 |
289.400.000 |
222.500.000 |
|
Accounts receivable |
1.040.800.000 |
1.031.400.000 |
823.900.000 |
|
Liquid assets |
263.000.000 |
176.800.000 |
230.800.000 |
|
Current assets |
1.673.900.000 |
1.505.000.000 |
1.363.700.000 |
|
Total assets |
2.817.800.000 |
2.549.400.000 |
2.363.700.000 |
|
|
|||
|
Minority interest |
9.100.000 |
8.700.000 |
10.200.000 |
|
Capital and reserves |
972.000.000 |
874.500.000 |
809.400.000 |
|
Provisions |
|
33.200.000 |
26.000.000 |
|
Long term liabilities |
521.900.000 |
382.000.000 |
292.100.000 |
|
Trade debts suppliers |
1.204.600.000 |
1.044.800.000 |
678.800.000 |
|
Other short term debts |
110.200.000 |
206.200.000 |
547.200.000 |
|
Total short term debt |
1.314.800.000 |
1.251.000.000 |
1.226.000.000 |
|
Total debt |
1.836.700.000 |
1.666.200.000 |
1.544.100.000 |
|
Total Liabilities |
2.817.800.000 |
2.549.400.000 |
2.363.700.000 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Turnover |
5.248.100.000 |
4.724.500.000 |
4.979.200.000 |
|
Other operating income |
8.900.000 |
3.400.000 |
32.300.000 |
|
Nett Turnover |
5.229.100.000 |
4.721.100.000 |
4.939.700.000 |
|
Operating charges |
5.013.500.000 |
4.528.400.000 |
4.790.300.000 |
|
Result participations |
3.200.000 |
6.600.000 |
2.200.000 |
|
Operating profit |
234.600.000 |
196.100.000 |
188.900.000 |
|
Financial income |
6.300.000 |
11.200.000 |
7.500.000 |
|
Financial charges |
32.300.000 |
35.200.000 |
43.300.000 |
|
Financial result |
-26.000.000 |
-24.000.000 |
-35.800.000 |
|
Result before taxes |
211.800.000 |
178.700.000 |
155.300.000 |
|
Income taxes |
54.100.000 |
45.499.000 |
39.099.000 |
|
Result after taxes |
157.700.000 |
133.201.000 |
116.201.000 |
|
Extraordinary income |
20.500.000 |
7.100.000 |
1.000.000 |
|
Extraordinary charges |
600.000 |
9.100.000 |
4.200.000 |
|
Extraordinary result
after taxes |
19.900.000 |
-2.000.000 |
-3.200.000 |
|
Nett result |
177.600.000 |
131.201.000 |
113.001.000 |
History
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 2009 a consent agreement is filed
Per 01-10-2011
is Proxy Remco Hans Erik de Waal
appointed.
Per 26-09-2011
is Proxy Remko Mark Wirken
appointed.
Per 25-08-2011
is Proxy Famil Rizvan Mustafajev appointed.
Per 01-07-2011
is Proxy Abraham Dreschler out of office.
Per 01-05-2011
manager Harm de Wildt appointed.
Per 01-05-2011
manager Rob Kiers appointed.
Per 01-05-2011
manager Hendrikus Anthonius
Maria Maatman out of office. Per 01-05-2011 manager
Johannes Adrianus Henricus
Maria Smulders out of office. Per 01-05-2011 manager
Harm de Wildt appointed. Per 01-05-2011 manager Rob
Kiers appointed.
Per 01-05-2011
manager Hendrikus Anthonius
Maria Maatman out of office.
Per 01-05-2011
manager Johannes Adrianus Henricus
Maria Smulders out of office.
Company structure
• Nutreco N.V. (16074305) Boxmeer
o Nutreco Netherlands
B.V. (16058721) Boxmeer Subsidiary
■
Trouw Nutrition
Netherlands B.V. (08013919)
PUTINN
Subsidiary (100%)
■
Masterlab B.V.
(08120541)
PUTINN
Subsidiary (100%)
■ Selko B.V. (18025624)
TILBURG
Subsidiary (100%)
■ Sloten Groep
B.V. (38018665)
DEVENTER
Subsidiary
■ Sloten B.V. (38024128) Deventer
Subsidiary (100%)
■ Trouw Nutrition Hifeed
B.V. (38021507) Boxmeer
Subsidiary (100%)
o Nutreco
International B.V. (16074327) BOXMEER Subsidiary
■
Trouw Nutrition
International B.V. (08118433)
PUTINN
Subsidiary
■ Trouw International B.V. (16054174)
BOXMEER
Subsidiary
■ Hifeed Russia B.V. (17156470)
BOXMEER
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.32 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.