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Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
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Name : |
NIDERA B.V. |
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Registered Office : |
492 Willemsplein, |
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Country : |
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|
|
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Financials (as on) : |
2012 |
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Date of Incorporation : |
05.07.2000 |
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Com. Reg. No.: |
24307569 |
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Legal Form : |
Private limited liability company (BV) with ordinary structure |
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Line of Business : |
Wholesaler of grain, Oilseeds, Vegetable oils & Oilseed meals |
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|
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 Name NIDERA B.V.
Company Registration 24307569
Country NL
Activity Code 46211
Activity Description Wholesaler of grain, Oilseeds, Vegetable oils & Oilseed meals
Company Status Active
Latest Turnover 10,979,245,866.30
(EUR)
Profit - Before
Tax (EUR) 15,196,689.31
Activities
Activity Code 46211
Activity Description Wholesaler of grain, Oilseeds, Vegetable oils & Oilseed meals
Products Details
· Grain: (durum) wheat, corn, sorghum, feed, (malting) barley, oats and rye.
Oilseeds: soybean, sunflower
seed, rapeseed and their oil and meal byproducts, mid-protein feeds, specialty
oils crude and refined.
Vegetable
oils: technical
oils (castor, tung, linseed and flaxseed oil), edible oils (groundnut, corn and
refined vegetable oils), crude edible oils (soybean, sunflower seed, rapeseed,
coconut and palm oil) and castor oil derivatives.
Oilseed
meals: copra
meal, palm meal, soybean meal and sunflower seed meal.
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 Wholesaler of grain, Oilseeds, Vegetable oils & Oilseed meals
Contact Address 492 Willemsplein,
ROTTERDAM 3016
Contact Telephone Number 0104301911
Address 492 Willemsplein,
ROTTERDAM 3016DR
Country NL
Other Addresses
Address 492 Willemsplein,
ROTTERDAM 3016DR
Telephone 0104301911
Name Martin Javier
Inhargue
Position Authorised
Signatory
Issued Share capital 3,000,000.00 (EUR)
Name Nidera Capital
B.V.
Address 492 Willemsplein,
ROTTERDAM 3016DR
Share Percent 100.00 %
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
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
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
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
Miscellaneous
Ceased Trading Date
Exporter Yes
Importer Yes
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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
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.