MIRA INFORM REPORT
|
Report No. : |
316945 |
|
Report Date : |
10.04.2015 |
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 : |
Private Company |
|
|
|
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Line of Business : |
|
|
|
|
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No. of Employee : |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 Private Company
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 Private Company
Last
proposed admendment 2012-01-03
Issued
placed capital EUR 4.077.000
Paid
up share capital EUR 4.077.000
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 |
2015 |
2014 |
2013 |
2011 |
2010 |
|
Total |
0 |
0 |
76 |
97 |
290 |
Payments
Description Payments made under regular condition
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 |
|
Year |
2013 |
2011 |
2010 |
2009 |
|
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 |
|
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 |
|
Revenues |
94.057.000 |
105.607.000 |
104.040.000 |
94.355.000 |
|
Net turnover |
94.057.000 |
105.607.000 |
104.040.000 |
94.355.000 |
|
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 uitfunctie 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.
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..
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.