MIRA INFORM REPORT

 

 

Report No. :

334638

Report Date :

01.08.2015

 

IDENTIFICATION DETAILS

 

Name :

HOOGWEGT INTERNATIONAL B.V.

 

 

Registered Office :

Groningensingel 1 6835 EA Arnhem

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

01.01.1967

 

 

Com. Reg. No.:

KvK-nummer: 09033303

 

 

Legal Form :

Private company with regular structure

 

 

Line of Business :

Wholesale of dairy products and edible oils and fats.

 

 

No. of Employees :

90

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on 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 food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.

 

 

Source : CIA


Summary

 

Company name                       Hoogwegt International B.V.

Operative address                   Groningensingel 1 6835EA ARNHEM Netherlands

Legal form                               Besloten vennootschap met gewone structuur

Registration number                KvK-nummer: 09033303

VAT-number                            001825033

 

Year

2014

Mutation

2013

 

Mutation

2012

Fixed assets

12.173.000

807,62

1.341.200

 

-8,80

1.470.690

Total receivables

188.442.000

-7,63

204.000.143

t

41,21

144.466.838

Total equity

41.763.000

16,03

35.994.647

 

-2,43

36.889.228

Short term liabilities

236.290.000

-8,19

257.360.594

t

46,01

176.260.633

Net result

9.763.000

62,86

5.994.647

 

-39,38

9.889.228

Working capital

29.590.000

-14,61

34.653.447

 

-2,57

35.567.538

Quick ratio

0,80

1,27

0,79

s

-3,66

0,82

 

 

 

 

Contact information

 

Company name                       Hoogwegt International B.V.

Trade names                           Hoogwegt International B.V.

Operative address                   Groningensingel 1

6835EA ARNHEM

Netherlands

Correspondence address         Postbus 6

6800AA ARNHEM

Netherlands

Telephone number                  026-3209120

Fax number                             0263214175

Email address                          trade@hoogwegt.nl

Website                                   www.hoogwegt.nl

Registration

 

Registration number                            KvK-nummer: 09033303

Branch number                                    000018792332

VAT-number                                        001825033

Status                                                  Active

First registration company register      1967-10-02

Memorandum                                      1967-10-02

Establishment date                              1967-01-01

Legal form                                           Besloten vennootschap met gewone structuur

Legal person since                              1972-08-24

Last proposed admendment                2001-09-27

Issued placed capital                           EUR 250.000

Paid up share capital                          EUR 250.000

 

 

Activities

 

SBI                                                       Wholesale of dairy products and edible oils and fats (46331)

Exporter                                               Yes

Importer                                               Yes

Branche organisations                         GemZu (Brancheorganisatie voor de Nederlandse Zuivehandel)

Goal                                                     Het verhandelen en verwerken van melkprodukten, melk en andere artikelen, al dan niet daaraan verwant, bestemd voor menselijke en dierlijke consumptie, zomede al datgeen hiermee verband houdt

 

 

Relations

 

Shareholders                                       Hoogwegt Groep B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 100372510000

Percentage: 100%

Companies on same address               Amount: 57

 

 

Management

 

Active management                            G.J.A. Mathijssen (Gerardus Johannes Antonius)

Netherlands

Competence: Limited authorization

Function: Manager

Starting date: 1994-09-29

Date of birth: 1961-11-13, Eindhoven, NL

 

G.J. Willemse (Gerardus Johannes)

Netherlands

Competence: Limited authorization

Function: Manager

Starting date: 2006-07-24

Date of birth: 1967-07-28, Capelle aan den IJssel, NL

 

M. van den Broek (Marinus)

Netherlands

Competence: Limited authorization

Function: Manager

Starting date: 2014-08-01

Date of birth: 1969-07-27, Amersfoort, NL

 

P.A. van Leuven (Patrick Alexander)

Netherlands

Competence: Fully authorized

Function: General Director

Starting date: 2014-10-01

Date of birth: 1971-10-13, Uitgeest, NL

 

J.F.R. Boonstra (Jurjen Folke Romke)

Netherlands

Competence: Limited authorization

Function: Financieel Manager

Starting date: 2014-10-01

Date of birth: 1970-10-24, Dalen, NL

Involved with the following companies

 

·         FrieslandCampina Nutrifeed B.V.

Lage Landstraat 7

5462GJ VEGHEL

Netherlands

Registration number: 110573850000

Function: Proxy

 

E.M. del Favero (Elio Max)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1996-10-01

Date of birth: 1963-02-05, Solingen, DE

Involved with the following companies

 

·         Hoogwegt Milk B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Hoogwegt International B.V.

Registration number: 090625930000

Function: General Director

 

G.J.H. Hogenkamp (Gerhardus Johannes Henricus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1994-09-29

Date of birth: 1952-12-03, Doetinchem, NL

 

A.H.J. Boerboom (Antonius Hendrikus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-12-01

Date of birth: 1963-01-25, Doetinchem, NL

 

P. de Kort (Peter)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-12-01

Date of birth: 1956-02-08, Schiedam, NL

 

F.J. Reus (Ferdinandus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2004-01-05

Date of birth: 1969-03-13, Oudorp, NL

 

T. Peeters (Tamara)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-02

Date of birth: 1974-01-08, Nijmegen, NL

 

P.A.J. Kok (Pieter Adriaan Johan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-06-01

Date of birth: 1968-10-18, Aalten, NL

 

I. Teerink (Ingmar)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-01-01

Date of birth: 1975-11-20, Hummelo en Keppel, NL

 

H.J. Dorland (Hendrik Jan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-01-01

Date of birth: 1969-07-18, Rheden, NL

 

J.F.M. van der Loo (Jacobus Franciscus Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-01-01

Date of birth: 1960-10-04, Sittard, NL

 

K. Theunissen - van Bosheide (Karin)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-02-01

Date of birth: 1967-02-06, Zutphen, NL

Hoogwegt International B.V.

 

J.A.M. van Goor (Jeannette Alberthe Mirjam)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-02-01

Date of birth: 1968-04-01, Hoogeveen, NL

 

J.T.M. van Campen (Jozef Thomas Maarten)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-01-01

Date of birth: 1973-09-08, Nijmegen, NL

 

C.G. Goudswaard (Cornelis Gerrit)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-01-01

Date of birth: 1961-04-25, Rotterdam, NL

 

P. Detmers (Pieter)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-04-15

Date of birth: 1971-06-26, Enschede, NL

 

F.A.B. Maring (Frank Aalje Bernardus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-04-15

Date of birth: 1977-05-10, Zwolle, NL

 

H. de Weijer (Henk-Paul)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-04-15

Date of birth: 1972-10-02, Heerhugowaard, NL

 

T. Stevens (Tom)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-04-15

Date of birth: 1983-10-24, Haarlem, NL

 

 

Employees

Total according to the Chamber of Commerce 90

 

Year

2015

2014

2013

2012

2011

Total

90

69

68

88

58

 

 

 

Key figures

 

Year

2014

2013

2012

2011

2010

Quick ratio

0,80

0,79

0,82

0,82

0,83

Current ratio

1,13

1,13

1,20

1,16

1,17

 

Working capital/ balance total

0,11

0,12

0,17

0,13

0,14

Equity / balance total

0,15

0,12

0,17

0,14

0,15

Equity / Fixed assets

3,43

26,84

25,08

23,16

60,52

Equity / liabilities

0,18

0,14

0,21

0,16

0,17

Balance total / liabilities

1,18

1,14

1,21

1,16

1,17

 

Working capital

29.590.000

34.653.447

35.567.538

34.146.913

28.247.116

Equity

41.763.000

35.994.647

36.889.228

34.303.913

28.721.691

Mutation equity

16,03

-2,43

7,54

19,44

3,04

Mutation short term liabilities

-8,19

46,01

-19,11

30,00

21,75

 

Return on total assets (ROA)

4,68

2,72

6,18

7,54

8,36

Return on equity (ROE)

31,17

22,21

35,74

55,69

57,12

Gross profit margin

0,97

0,76

1,17

1,68

1,64

Net profit margin

0,61

0,48

0,77

1,14

1,22

 

Average collection ratio

6,79

4,87

7,28

5,76

5,98

Average payment ratio

8,52

6,15

8,89

7,01

7,21

Equity turnover ratio

38,43

34,83

34,80

36,57

34,89

Total assets turnover ratio

5,77

4,27

6,02

4,95

5,10

Fixed assets turnover ratio

131,84

934,87

872,89

847,09

2.111,66

Inventory conversion ratio

20,73

14,25

19,06

17,20

17,65

 

Turnover

1.604.863.000 1.253.849.363

1.283.755.398

1.254.547.630

1.002.143.352

Gross margin

25.791.000

19.053.247

22.799.077

28.702.158

23.444.270

Operating result

15.509.000

9.549.017

15.062.243

21.133.280

16.435.852

Net result after taxes

9.763.000

5.994.647

9.889.228

14.303.913

12.221.691

 

 

Year

2014

2013

2012

2011

2010

 

EBIT

15.509.000

9.549.017

15.062.243

21.133.280

16.435.852

 

 

Summary                                             The 2014 financial result structure is a postive working captial of 29.590.000 euro, which is in agreement with 11 % of the total assets of the company.

The working capital has diminished with -14.61 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.

The deterioration between 2013 and 2014 has mainly been caused by an increase of the current liabilities.

The current ratio of the company in 2014 was 1.13. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

The quick ratio in 2014 of the company was 0.8. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2013 financial result structure is a postive working captial of 34.653.447 euro, which is in agreement with 12 % of the total assets of the company.

The working capital has diminished with -2.57 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.

The deterioration between 2012 and 2013 has mainly been caused by an increase of the current liabilities.

The current ratio of the company in 2013 was 1.13. 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 0.79. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

 

 

 

 

Financial statement

 

Last annual account                            2014

Remark annual account                      There is no financial data published

Type of annual account                       Consolidated

Annual account                                   Hoogwegt International B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands      

Registration number: 090333030000

 

 

Balance

Balance

Year

2014

2013

2012

2011

2010

End date

2014-09-30

2013-09-30

2012-09-30

2011-09-30

2010-09-30

Intangible fixed assets

1.027.000

 

Tangible fixed assets

1.146.000

1.341.200

1.470.690

1.481.000

474.575

Financial fixed assets

10.000.000

 

Fixed assets

12.173.000

1.341.200

1.470.690

1.481.000

474.575

 

Total stock

77.422.000

88.004.544

67.353.037

72.950.187

56.791.219

Accounts receivable

168.826.000

186.955.194

126.699.243

165.923.835

126.844.258

Other receivables

19.616.000

17.044.949

17.767.595

13.159.336

12.217.710

Total receivables

188.442.000

204.000.143

144.466.838

179.083.171

139.061.968

Liquid funds

16.000

9.354

8.296

10.606

7.796

Current assets

265.880.000

292.014.041

211.828.171

252.043.964

195.860.983

Total assets

278.053.000

293.355.241

213.298.861

253.524.964

196.335.558

Total equity

41.763.000

35.994.647      

36.889.228      

34.303.913

28.721.691

 

Provisions

 

 

149.000

1.324.000

 

Accounts payable

34.568.000

31.062.196

30.643.694

40.998.215

30.192.744

Other short term liabilities

201.722.000

226.298.398

145.616.939

176.898.836

137.421.123

Short term liabilities

236.290.000

257.360.594

176.260.633

217.897.051

167.613.867

Total short and long term liabilities

236.290.000

257.360.594

176.409.633

219.221.051

167.613.867

Total liabilities

278.053.000

293.355.241

213.298.861

253.524.964

196.335.558

 

 

Summary                                             The total assets of the company decreased with -5.22 % between 2013 and 2014.Despite the total assets decrease, non current assets grew with 807.62 %.

The asset reduction is in contrast with the equity growth of 16.03 %. Due to this the total debt decreased with -8.19 %.

In 2014 the assets of the company were 4.38 % composed of fixed assets and 95.62 % by current assets. The assets are being financed by an equity of 15.02 %, and total debt of 84.98 %.

The total assets of the company increased with 37.53 % between 2012 and 2013.

Despite the assets growth, the non current assets decreased with -8.8%.

Asset growth is in contrasts with the net worth decline of -2.43 %. The company's indebtedness has, therefore, increased with 45.89 %.

In 2013 the assets of the company were 0.46 % composed of fixed assets and 99.54 % by

current assets. The assets are being financed by an equity of 12.27 %, and total debt of 87.73 %.

 

 

 

 

 

Profit and loss

 

Year

2014

2013

2012

2011

2010

Revenues

1.604.863.000

1.253.849.363

1.283.755.398

1.254.547.630

1.002.143.352

Net turnover

1.604.863.000

1.253.849.363

1.283.755.398

1.254.547.630

1.002.143.352

 

Gross margin

25.791.000

19.053.247

22.799.077

28.702.158

23.444.270

 

Wages and salaries

7.687.000

7.612.999

 

6.691.338

 

Sales

1.579.072.000

1.234.796.116

7.736.834

1.225.845.472

7.008.418

other operating costs

2.595.000

1.891.231

 

877.540

 

Operating expenses

1.589.354.000

1.244.300.346

1.268.693.155

1.233.414.350

985.707.500

Operating result

15.509.000

9.549.017

15.062.243

21.133.280

16.435.852

 

Financial income

397.000

354.523

294.309

 

 

Financial expenses

2.888.000

1.910.677

2.170.915

2.028.281

30.897

Financial result

-2.491.000

-1.556.154

-1.876.606

-2.028.281

-30.897

Result on ordinary operations before taxes

13.018.000

7.992.863

13.185.637

19.104.999

16.404.955

 

Taxation on the result of ordinary activities

3.255.000

1.998.216

3.296.409

4.801.086

4.183.264

Result of ordinary activities after taxes

9.763.000

5.994.647

9.889.228

14.303.913

12.221.691

 

Net result

9.763.000

5.994.647

9.889.228

14.303.913

12.221.691

 

 

Summary                                             The turnover of the company grew with 27.99 % between 2013 and 2014.

The gross profit of the company grew with 35.36 % between 2013 and 2014.

The operating result of the company grew with 62.41 % between 2013 and 2014. This evolution implies an increase of the company's economic profitability.

The result of these changes is an increase of the company's Economic Profitability of 72.06% of the analysed period, being equal to 2013 % in the year 2014.

This growth has contributed to the increase in assets turnover, increasing by 35.13 % reaching 5.77.

The Net Result of the company decreased by 62.86 % between 2013 and 2014.

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 40.34 % of the analysed period, being 31.17 % in the year 2014.

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

The turnover of the company decreased by -2.33 % between 2012 and 2013.

The gross profit of the company decreased by -16.43 % between 2012 and 2013.

The operating result of the company declined with -36.6 % 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 -55.99% of the analysed period, being equal to 2012 % in the year 2013.

This fall has contributed to a asset turnover decrease, whose index evolved from -29.07 to a level of 4.27.

The Net Result of the company increased by -39.38 % 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 -37.86 % of the analysed period, being 22.21 % in the year 2013.

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

 

 

 

 

Analysis

 

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

Region                                                 Arnhem

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

In the region Arnhem 2466 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 Arnhem 67 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 Arnhem is normal

 

 

 

Publications

 

Filings                                                  23-02-2015: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.

07-03-2014: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.

20-03-2013: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

29-03-2012: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

17-05-2011: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

06-04-2011: De jaarrekening over 2009 (gebroken boekjaar) is gepubliceerd.

 

Functions                                             08-10-2014: Per 01-10-2014 is gevolmachtigde Inge Gerritdina Smale uit functie getreden.

08-10-2014: Per 01-10-2014 is bestuurder Patrick Alexander van Leuven in functie getreden.

08-10-2014: Per 01-10-2014 is bestuurder Gerrit Joustra uit functie getreden.

08-10-2014: Per 01-10-2014 is gevolmachtigde Jurjen Folke Romke Boonstra in functie

getreden.

08-10-2014: Per 01-10-2014 is gevolmachtigde Patrick Alexander van Leuven uit functie

getreden.

08-08-2014: Per 01-08-2014 is gevolmachtigde Marinus van den Broek in functie getreden.

27-06-2014: Per 01-06-2014 is bestuurder Patrick Alexander van Leuven uit functie getreden.

20-06-2014: Per 01-06-2014 is bestuurder Patrick Alexander van Leuven in functie getreden.

20-06-2014: Per 01-06-2014 is bestuurder Gerrit Joustra uit functie getreden.

20-06-2014: Per 01-06-2014 is gevolmachtigde Patrick Alexander van Leuven uit functie

getreden.

17-04-2014: Per 15-04-2014 is gevolmachtigde Tom Stevens in functie getreden.

17-04-2014: Per 15-04-2014 is gevolmachtigde Henk-Paul de Weijer in functie getreden.

17-04-2014: Per 15-04-2014 is gevolmachtigde Pieter Detmers in functie getreden.

17-04-2014: Per 15-04-2014 is gevolmachtigde Frank Aalje Bernardus Maring in functie

getreden.

06-09-2013: Per 07-08-2013 is gevolmachtigde Rogier Paul Bernhard Manuel Lankamp uit

functie getreden.

22-08-2013: Per 01-07-2013 is gevolmachtigde Inge Gerritdina Smale in functie getreden.

03-01-2013: Per 01-01-2013 is gevolmachtigde Jozef Thomas Maarten van Campen in

functie getreden.

03-01-2013: Per 01-01-2013 is gevolmachtigde Cornelis Gerrit Goudswaard in functie

getreden.

02-02-2012: Per 01-02-2012 is gevolmachtigde Jeannette Alberthe Mirjam van Goor in

functie getreden.

02-02-2012: Per 01-02-2012 is gevolmachtigde Karin Theunissen-van Bosheide in functie

getreden.

09-08-2011: Per 01-08-2011 is gevolmachtigde Rogier Paul Bernhard Manuel Lankamp in

functie getreden.

 

 

Company structure

 

Relations                                             30

 

Hoogwegt Groep B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 100372510000

 

Hoogwegt International B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090333030000

 

Popol B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906790000

 

Roemest B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906800000

 

Bulhon B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906810000

 

Honpol B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906830000

 

Estroem B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906840000

 

Litest B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906850000

 

Litpol B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906860000

 

Poltouw B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906870000

 

Hogapol B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906880000

 

Touwbul B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906890000

 

Slotra Milk B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906900000

 

Hontra Milk B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906910000

 

Garoem B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906920000

 

Hapol Milk B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906930000

 

Habulon B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906940000

 

Haroemilk B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906950000

 

Esttouw B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906960000

 

Lethon B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906970000

 

Polgar B.V.

Groningensingel 1

6835EA ARNHEM

Netherlands

Registration number: 090906980000


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.01

UK Pound

1

Rs.99.84

Euro

1

Rs.70.96

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.