MIRA INFORM REPORT
|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOLLAND DIERVOEDERS B.V. |
|
|
|
|
Registered Office : |
Vogelaarsweg 23, 3313LL Dordrecht |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.03.1927 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 23057780 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but correct |
|
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 |
Summary
Company name Holland Diervoeders B.V.
Operative address Vogelaarsweg
23
3313LL Dordrecht
Netherlands
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
23057780
VAT-number 001850702
|
Year |
2013 |
Mutation |
|
Mutation |
2011 |
|
Fixed assets |
4.936.000 |
|
|
-100,00 |
4.819.000 |
|
Total receivables |
8.442.000 |
|
|
-100.00 |
10.234.000 |
|
Total equity |
8.305.000 |
|
|
-100.00 |
8.700.000 |
|
Short term liabilities |
11.283.000 |
|
-100,00 |
10.329.000 |
|
|
||||
|
Net result |
1.714.000 |
|
-100,00 |
1.216.000 |
|
|
||||
|
Working capital |
8.977.000 |
|
-100,00 |
11.730.000 |
|
Quick ratio |
0,75 |
|
-100,00 |
0,99 |
Contact
information
Company name Holland
Diervoeders B.V.
Trade names Holland
Diervoeders B.V.
LenersanPoortman
Operative address Vogelaarsweg
23
3313LL Dordrecht
Netherlands
Correspondence address Postbus
889
3300AW Dordrecht
Netherlands
Telephone number 0786220622
Fax number 0786220608
Email address info@hollanddiervoeders.nl
Website www.hollanddiervoeders.nl
Registration
Registration number KvK-nummer:
23057780
Branch number 000019451458
VAT-number 001850702
Status Active
First registration company register 1954-01-27
Memorandum 1927-03-11
Establishment date 1927-03-11
Legal form Besloten
Vennootschap
Last proposed admendment 2012-01-03
Activities
SBI Wholesale
trade (no motor vehicles and motorcycles) (46)
Wholesale
of seeds (46212)
Non-specialised
wholesale of non-consumer goods (46902)
Exporter No
Importer No
Branche organisations NEVEDI - Nederlandse Vereniging
Diervoederindustrie
Goal De
handel in en het verwerken van granen, zaden en peulvruchten en aanverwante
artikelen, zowel in het binnen- als buitenland
Relations
Shareholders Naam:
Parfund N.V.
Bezoekadres:
Bischoffsheimlaan 36, 1000 Brussel, België
Ingeschreven
in: Kruispuntbank van Ondernemingen Brussel, België onder nummer
0437.832.363
Enig aandeelhouder sedert:
07-02-2011 (datum registratie: 10-02-2011)
Management
Active management
C.M.G. Depré (Caroline Marie Germaine)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-02-07
Date of birth: 1973-06-01, Brugge, BE
F.G.G. Depré (Frédéric Geoffrey Gaston)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2011-02-07
Date of birth: 1973-04-13, Brugge, BE
D. Buysse (Dirk)
Netherlands
Competence: Limited authorization
Function: General Director
Starting date: 2012-01-05
Date of birth: 1958-02-16, Leuven, BE
Involved with the following companies
• Holland Diervoeders B.V.
Vogelaarsweg 23
3313LL Dordrecht
Netherlands
Registration number: 230407950000
Function: General Director
A.L.M. De Meulemeester (Alain Louis Marie)
Netherlands
Competence: Limited authorization
Function: Managing Director
Starting date: 2013-03-04
Date of birth: 1959-07-06, Zottegem, BE
P.G.M. Cattrysse (Patriek Georges Marcel)
Netherlands
Competence: Limited authorization
Function: Financieel Manager
Starting date: 2012-01-05
Date of birth: 1965-12-26, Roeselare, BE
Involved with the following companies
Holland Diervoeders B.V.
Vogelaarsweg 23
3313LL Dordrecht
Netherlands
Registration number: 230407950000
Function: Financieel Manager
Active management
A.W. van Logtenstein (Anthonius Wilhelmus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-01-05
Date of birth: 1951-01-17, Soest, NL
Involved with the following companies
• Holland Diervoeders B.V.
Vogelaarsweg 23
3313LL Dordrecht
Netherlands
Registration number: 230407950000
Function: Proxy
M.B. van der Pol (Marcelijn Bastiaan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-09-17
Date of birth: 1973-03-30, 's-Hertogenbosch, NL
Employees
|
Total according to the Chamber of Commerce |
0 |
|
|
|
|
|
|
Year |
|
2014 |
2013 |
2011 |
2010 |
2009 |
|
Total |
|
0 |
76 |
97 |
290 |
300 |
Payments
Description Payments are made regularly with some
delay
Key
figures
|
Year |
2013 |
2011 |
2010 |
2009 |
|
Quick ratio |
0,75 |
0,99 |
1,24 |
0,84 |
|
Current ratio |
1,80 |
2,14 |
2,59 |
2,15 |
|
|
||||
|
Working capital/ balance total |
0,36 |
0,44 |
0,50 |
0,41 |
|
Equity / balance total |
0,33 |
0,32 |
0,23 |
0,26 |
|
Equity / Fixed assets |
1,68 |
1,81 |
1,25 |
1,10 |
|
Equity / liabilities |
0,49 |
0,48 |
0,31 |
0,35 |
|
Balance total / liabilities |
1,49 |
1,48 |
1,32 |
1,35 |
|
|
||||
|
Working capital |
8.977.000 |
11.730.000 |
15.880.000 |
12.170.000 |
|
Equity |
8.305.000 |
8.700.000 |
7.484.000 |
7.777.000 |
|
Mutation equity |
|
16,25 |
-3,77 |
179,15 |
|
Mutation short term liabilities |
|
3,30 |
-5,78 |
-23,22 |
|
Year |
2013 |
2011 |
2010 |
2009 |
|
Return on total assets (ROA) |
6,80 |
4,52 |
-0,92 |
-10,07 |
|
Return on equity (ROE) |
20,64 |
13,98 |
-3,92 |
-38,69 |
|
Gross profit margin |
2,14 |
1,93 |
0,31 |
-1,81 |
|
Net profit margin |
1,82 |
1,15 |
-0,28 |
-3,19 |
|
|
||||
|
Average collection ratio |
8,34 |
10,22 |
10,41 |
8,89 |
|
Average payment ratio |
11,14 |
10,32 |
8,93 |
12,03 |
|
Equity turnover ratio |
11,33 |
12,14 |
13,90 |
12,13 |
|
Total assets turnover ratio |
3,73 |
3,93 |
3,26 |
3,16 |
|
Fixed assets turnover ratio |
19,06 |
21,91 |
17,33 |
13,30 |
|
Inventory conversion ratio |
7,96 |
8,93 |
7,73 |
6,79 |
|
|
||||
|
Turnover |
94.057.000 |
105.607.000 |
104.040.000 |
94.355.000 |
|
Gross margin |
11.942.000 |
16.602.000 |
|
15.931.000 |
|
Operating result |
2.013.000 |
2.042.000 |
321.000 |
-1.707.000 |
|
Net result after taxes |
1.714.000 |
1.216.000 |
-293.000 |
-3.009.000 |
|
|
||||
|
Cashflow |
2.124.000 |
1.935.000 |
842.000 |
-1.687.000 |
|
Gross profit |
|
|
104.040.000 |
|
|
EBIT |
2.013.000 |
2.042.000 |
321.000 |
-1.707.000 |
|
EBITDA |
2.423.000 |
2.761.000 |
1.456.000 |
-385.000 |
Summary
The 2013 financial result structure is a postive working captial
of 8.977.000 euro, which is in
agreement with 36 % of the total assets of the company.
The current ratio of the company in 2013 was 1.8. A company
with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2013 of the company was 0.75. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
Financial
statement
Last annual account 2013
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Holland
Diervoeders B.V.
Vogelaarsweg 23
3313LL Dordrecht
Netherlands
Registration number:
230577800000
Balance
|
Year |
2013 |
2011 |
2010 |
2009 |
|
|
End date |
2013-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
|
Intangible fixed assets |
277.000 |
|
229.000 |
273.000 |
466.000 |
|
Other tangible fixed assets |
|
|
5.729.000 |
|
|
|
Tangible fixed assets |
4.659.000 |
|
4.590.000 |
5.729.000 |
6.627.000 |
|
Fixed assets |
4.936.000 |
|
4.819.000 |
6.002.000 |
7.093.000 |
|
|
|||||
|
Other stock |
|
|
13.458.000 |
|
|
|
Total stock |
11.817.000 |
|
11.822.000 |
13.458.000 |
13.897.000 |
|
Accounts receivable |
8.175.000 |
9.638.000 |
10.312.000 |
7.370.000 |
|
|
Other receivables |
267.000 |
596.000 |
1.334.000 |
475.000 |
|
|
Total receivables |
8.442.000 |
|
10.234.000 |
11.646.000 |
7.845.000 |
|
Liquid funds |
1.000 |
3.000 |
775.000 |
1.040.000 |
|
|
accruals |
|
|
1.334.000 |
|
|
|
Current assets |
20.260.000 |
|
22.059.000 |
25.879.000 |
22.782.000 |
|
Total assets |
25.196.000 |
|
26.878.000 |
31.881.000 |
29.875.000 |
|
|
|||||
|
Issued capital |
4.077.000 |
|
|
|
|
|
Share premium reserve |
12.600.000 |
|
|
|
|
|
Legal and statutory reserve |
7.000 |
|
|
|
|
|
Other reserves |
-10.093.000 |
|
7.484.000 |
|
|
|
Non-distributable profit |
1.714.000 |
|
|
|
|
|
Total reserves |
4.228.000 |
|
7.484.000 |
|
|
|
Year |
2013 |
2011 |
2010 |
2009 |
|
|
End date |
2013-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
|
Total equity |
8.305.000 |
|
8.700.000 |
7.484.000 |
7.777.000 |
|
|
|||||
|
Provisions |
58.000 |
59.000 |
311.000 |
198.000 |
|
|
Long term interest yielding debt |
5.550.000 |
7.790.000 |
14.000.000 |
288.000 |
|
|
Financial debts |
|
|
14.000.000 |
11.000.000 |
|
|
Other long term liabilities |
|
|
87.000 |
|
|
|
Long term liabilities |
5.550.000 |
|
7.790.000 |
14.087.000 |
11.288.000 |
|
Accounts payable |
3.167.000 |
944.000 |
3.494.000 |
2.505.000 |
|
|
Other short term liabilities |
8.116.000 |
9.385.000 |
6.505.000 |
8.107.000 |
|
|
Short term liabilities |
11.283.000 |
|
10.329.000 |
9.999.000 |
10.612.000 |
|
Total short and long term liabilities |
16.891.000 |
|
18.178.000 |
24.086.000 |
22.098.000 |
|
Total liabilities |
25.196.000 |
|
26.878.000 |
31.881.000 |
29.875.000 |
Summary
In 2013 the assets of the company were 19.59 % composed of fixed assets
and 80.41 % by current assets. The assets are being financed by an equity of
32.96 %, and total debt of 67.04 %.
Profit
and loss
|
Year |
2013 |
|
2011 |
2010 |
2009 |
|
Gross margin |
11.942.000 |
|
16.602.000 |
|
15.931.000 |
|
|
|||||
|
Wages and salaries |
4.889.000 |
|
5.276.000 |
5.597.000 |
6.472.000 |
|
Amorization and depreciation |
410.000 |
|
719.000 |
1.135.000 |
1.322.000 |
|
Sales |
82.115.000 |
|
89.005.000 |
|
78.424.000 |
|
other operating costs |
4.630.000 |
|
8.565.000 |
11.561.000 |
9.844.000 |
|
Raw materials and consumables |
|
|
|
85.426.000 |
|
|
Operating expenses |
92.044.000 |
|
103.565.000 |
103.719.000 |
96.062.000 |
|
Operating result |
2.013.000 |
|
2.042.000 |
321.000 |
-1.707.000 |
|
|
|||||
|
Financial income |
33.000 |
|
|
|
|
|
Financial expenses |
332.000 |
|
826.000 |
614.000 |
1.302.000 |
|
Financial result |
-299.000 |
|
-826.000 |
-614.000 |
-1.302.000 |
|
Result on ordinary operations before taxes |
1.714.000 |
|
1.216.000 |
-293.000 |
-3.009.000 |
|
|
|||||
|
Result of ordinary activities after taxes |
1.714.000 |
|
1.216.000 |
-293.000 |
-3.009.000 |
|
|
|||||
|
Net result |
1.714.000 |
|
1.216.000 |
-293.000 |
-3.009.000 |
Summary
The company's Financial Profitability has been neutrally affected
by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is the unchanged
profitability of the analysed period, remaining unchanged at
20.64 % in the year 2013
Analysis
Branch (SBI) Wholesale
trade (no motor vehicles and motorcycles) (46)
Region Zuid-Holland
Oost
In the Netherlands 109662 of the
companies are registered with the SBI code 46
In the region Zuid-Holland Oost
4943 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 Zuid-Holland Oost 86
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 Zuid-Holland Oost is normal
Publications
Filings 11-06-2014:
De jaarrekening over 2013 is gepubliceerd.
10-06-2013: De jaarrekening over
2012 is gepubliceerd.
21-06-2012: De jaarrekening over
2011 is gepubliceerd.
21-06-2011: De jaarrekening over
2010 is gepubliceerd.
15-12-2010: De jaarrekening over
2009 is gepubliceerd.
Functions 18-11-2013:
Per 15-11-2013 is gevolmachtigde Adriaan Johannes Fritz van Campenhout uit
functie getreden.
07-11-2013: Per 17-09-2013 is
gevolmachtigde Marcelijn Bastiaan van der Pol in functie
getreden.
30-04-2013: Per 04-03-2013 is
gevolmachtigde Alain Louis Marie De Meulemeester in functie
getreden.
23-04-2013: Per 04-03-2013 is
gevolmachtigde Jan Frederik Klijnsma uit functie getreden.
12-01-2012: Per 05-01-2012 is
gevolmachtigde Anthonius Wilhelmus van Logtenstein in
functie getreden.
12-01-2012: Per 05-01-2012 is
gevolmachtigde Patriek Georges Marcel Cattrysse in functie
getreden.
12-01-2012: Per 05-01-2012 is
gevolmachtigde Adriaan Johannes Fritz van Campenhout in
functie getreden.
12-01-2012: Per 05-01-2012 is gevolmachtigde
Jan Frederik Klijnsma in functie getreden.
12-01-2012: Per 05-01-2012 is
gevolmachtigde Dirk Buysse in functie getreden.
10-02-2011: Per 07-02-2011 is
bestuurder Caroline Marie Germaine Depré in functie
getreden.
10-02-2011: Per 07-02-2011 is
bestuurder Frédéric Geoffrey Gaston Depré in functie
getreden.
10-02-2011: Per 07-02-2011 is
bestuurder Jan Frederik Klijnsma uit functie getreden.
10-02-2011: Per 07-02-2011 is
commissaris Jörg Wolle uit functie getreden.
10-02-2011: Per 07-02-2011 is gevolmachtigde
Einar Andreas Negaard uit functie getreden.
10-02-2011: Per 07-02-2011 is
bestuurder Gonpo Tsering uit functie getreden.
Mergers 04-01-2012:
Op 02-01-2012 fusieakte verleden. Verkrijgende rechtspersoon: Holland
Diervoeders B.V., 23057780 Verdwijnende
rechtspersoon: Holland Diervoeders B.V.,
23040795.
14-11-2011: Op 14-11-2011
fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: Holland
Diervoeders Investments B.V.,
23057780 Verdwijnende rechtspersoon: Holland Diervoeders
B.V., 23040795.
Amendments 04-01-2012:
Per 2-1-2012 statuten gewijzigd. Per 3-1-2012 naam gewijzigd in: Holland
Diervoeders B.V..
10-02-2011: Per 7-2-2011
statuten gewijzigd. Per 7-2-2011 naam gewijzigd in: Holland
Diervoeders Investments B.V..
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.