MIRA INFORM REPORT

 

 

Report No. :

326004

Report Date :

06.06.2015

           

IDENTIFICATION DETAILS

 

Name :

GLENCORE GRAIN B.V.

 

 

Operative Office :

Blaak 31, 3011GA Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

09.04.1980

 

 

Com. Reg. No.:

24138640

 

 

Legal Form :

Private Company

 

 

Line of business :

·         Wholesaler of Grain.

·         Wholesaler of Ferrous Metals and Ferrous Semi-Finished Products.

 

 

No of Employees :

249 (2013)

 

 

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 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, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. 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 export. 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 injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also 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 began implementing austerity measures in early 2011 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.

 

 

Source : CIA

 

 

Summary

 

Company name                        Glencore Grain B.V.

Operative address                    Blaak 31

3011GA Rotterdam

Netherlands

Risk                                         Average risk

Status                                      Active

Specification                            This company can meet all its obligations.

Legal form                               Besloten Vennootschap (Private Company)

Registration number                KvK-nummer: 24138640

VAT-number                             005199542

 

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

108.268.439

-31,28

157.547.376

2.918,22

5.219.878

Total receivables

1.972.365.361

-21,10

2.499.840.926

33,63

1.870.743.470

Total equity

163.405.123

-4,56

171.207.373

7,11

159.845.427

Short term liabilities

1.795.253.472

-34,03

2.721.252.181

32,84

2.048.534.642

Net result

3.452.252

-72,93

12.754.283

25,83

10.136.023

Working capital

347.689.806

1.070,62

29.701.381

-80,79

154.625.549

Quick ratio

1,11

18,09

0,94

1,08

0,93

 

 

 

 

Contact information

 

Company name                        Glencore Grain B.V.

Trade names                            Glencore Grain B.V.

Operative address                    Blaak 31

3011GA Rotterdam

Netherlands

Correspondence address         Postbus 1120

3000BC Rotterdam

Netherlands

Telephone number                   0104044400

Fax number                              0104129635

Email address                          hr.rotterdam@glencore.com

Website                                    www.glencore.com

 

Registration

 

Registration number                KvK-nummer: 24138640

Branch number                        000017838428

VAT-number                             005199542

Status                                      Active

Memorandum                           1980-04-09

Establishment date                  1980-04-09

Legal form                               Besloten Vennootschap (Private Company)

Last proposed admendment     2006-02-24

Issued placed capital               EUR 16.518.150

Paid up share capital               EUR 16.518.150

 

 

Activities

 

SBI                                           Wholesale of grain (46211)

Wholesale of ferrous metals and ferrous semi-finished products (46722)

 

Exporter                                   Yes

Importer                                   Yes

 

Branche organisations             KVNR - Royal Association of Dutch Shipowners

 

Goal                                         Trading, including futures, commission, agencies, import and export and

distribution for both its own behalf and on behalf of others, in all goods, in particular in products, raw materials, fuels and semi-finished

 

 

Relations

 

Shareholders                           Finges Investment B.V.

Blaak 31

3011GA ROTTERDAM

Netherlands

Registration number: 341194320000

Percentage: 100%

 

Companies on same address   Amount: 170

Management

 

Active Management

C.J. Mahoney (Christopher John)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2005-08-31

Date of birth: 1959-01-02, Edmonton, GB

 

A.P. Hubmann (Andreas Peter)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2005-08-31

Date of birth: 1966-10-11, Bichelsee-Balterswil, CH

 

E.C.B. Mostert (Ernest Christian Barend)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2006-05-01

Date of birth: 1964-08-18, Pretoria, ZA

 

Involved with the following companies

 

BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Manager

 

Glencore Grain Rotterdam B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 241417980000

Function: Manager

 

A.F.S. van Hoorn (Adrianus Frederik Sébastian)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-17

Date of birth: 1976-12-24, Oud-Beijerland, NL

 

M.J. Pattenier (Michaëla Johanna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2005-09-12

Date of birth: 1964-05-08, Schiedam, NL

 

Involved with the following companies

 

BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

R. Jansen (Robert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1960-12-31, Rotterdam, NL

 

F. Ketting (Ferry)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1966-08-18, Rotterdam, NL

 

R.J.D. Klein (Richard Jozef Daniel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1968-03-24, 's-Gravenhage, NL

S.M. Kosorog (Sylvie Marie-claire)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1964-04-02, Tonnerre, FR

 

A. Kouwenhoven (Arie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1959-07-21, Bergambacht, NL

 

Involved with the following companies

 

BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

B. Kouwenhoven (Benny)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1965-11-16, Sneek, NL

 

M.S. Kubbe (Maarten Sebastiaan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1972-09-20, Voorburg, NL

 

N.L.M. van den Meiracker (Nicolaas Leonardus Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1957-02-06, Rotterdam, NL

 

P.M. Mouthaan (Peter Mario)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1970-08-14, Bergen op Zoom, NL

A.B.J. Schrage (Antonius Bernardus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1959-03-15, Rotterdam, NL

 

J. Wakker (Jeffrey)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-01-01

Date of birth: 1971-09-11, 's-Gravenhage, NL

 

A. de Veer (Abraham)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-07-19

Date of birth: 1967-06-15, Breda, NL

 

C. Both (Camiel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-09-01

Date of birth: 1978-08-23, Poortugaal, NL

 

D.A. Pickett (Daniel Anthony)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-11-15

Date of birth: 1984-09-19, Goole, GB

 

J. Gielisse (Jerry)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-06-11

Date of birth: 1979-06-08, Leidschendam, NL

 

C.R. Iles (Colin Richard)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-06-19

Date of birth: 1973-08-24, Rinteln, DE

 

E.J. Aubailly (Etienne Jean-François)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-01-23

Date of birth: 1970-08-14, Bourges, FR

 

Involved with the following companies

 

BIOPETROL MARKETING B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 244903130000

Function: Proxy

 

O.A.M. Calvar (Olivier Andre Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-22

Date of birth: 1971-05-09, Vannes, FR

 

J.D. Maw (James Daniel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-22

Date of birth: 1963-07-06, Scarborough, GB

 

D.W. Johnson (Danial Wesley)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-15

Date of birth: 1980-05-09, Tamworth, AU

 

P.J. Tustin (Peter John)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-23

Date of birth: 1974-02-05, Geelong, AU

 

J. Hansen (Jimmy)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-10-23

Date of birth: 1979-09-09, Heusden, NL

 

C.G.W. Popowich (Chad George William)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-11-04

Date of birth: 1978-11-23, Regina, CA

 

C. Toral Oropesa (Cristobal)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-11-05

Date of birth: 1973-01-22, Madrid, ES

 

J. Barth (Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-14

Date of birth: 1980-11-02, Middelburg, NL

 

L.J. Dorrestein (Lucas James)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-24

Date of birth: 1985-07-03, Brighton, GB

 

F.A. Mardon (Francis Albert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-05-05

Date of birth: 1972-10-16, Loches, FR

 

R. van Renswoude (Richard)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-06-02

Date of birth: 1975-05-17, Rotterdam, NL

 

 

Employees

 

Total according to the Chamber of Commerce                         0

 

Year                             2014                 2013                 2012                 2011     2010

Total                             0                      249                   219                   183       1

 

 

 

 

Payments

 

Description                              The payments are regular

 

Year                                         2013                 2012                 2011                 2010                 2009

Quick ratio                                1,11                  0,94                  0,93                  0,95                  1,17

Current ratio                              1,19                  1,01                  1,08                  1,06                  1,36

Working capital/ balance total    0,15                  0,01                  0,07                  0,06                  0,27

Equity / balance total                 0,07                  0,06                  0,07                  0,06                  0,27

Equity / Fixed assets                 1,51                  1,09                  30,62                47,09                271,69

Equity / liabilities                       0,08                  0,06                 0,08                  0,06                  0,37

Balance total / liabilities                         1,08                  1,06                  1,08                  1,06                  1,37

Working capital                                     347.689.806      29.701.381        154.625.549      141.041.379      244.837.501

Equity                                       163.405.123      171.207.373      159.845.427      144.101.447      245.741.985

Mutation equity                                     -4,56                 7,11                  10,93                -41,36               -36,57

Mutation short term liabilities      -34,03               32,84                -15,30               260,19              -29,33

Return on total assets (ROA)      0,23                  0,59                  0,51                  -14,59               8,48

Return on equity (ROE)              3,15                  10,08                7,09                  -259,41             31,64

Gross profit margin                   0,22                  0,44                  0,73                  -6,39                 2,43

Net profit margin                       0,03                  0,11                  0,11                  -7,38                 2,10

Average collection ratio                         6,57                  4,22                  4,33                  2,22                  6,06

Average payment ratio               5,98                  4,59                  4,74                  2,37                  5,17

Equity turnover ratio                  72,20                67,02                55,50                37,29                16,55

Total assets turnover ratio          5,24                  3,95                  4,02                  2,10                  4,43

Fixed assets turnover ratio         108,97              72,83                1.699,48            1.756,21            4.495,19

Inventory conversion ratio          83,12                57,12                29,10                19,85                31,17

Turnover                                   11.798.447.112 11.474.447.128 8.871.088.094     5.374.112.762  4.065.827.012

Gross margin                            86.801.539        92.082.010        112.146.223      90.942.585        125.503.228

Operating result                         26.476.688        50.704.868        64.630.960        -343.171.167     98.606.803

Net result after taxes                 3.452.252          12.754.283        10.136.023        -396.466.165    85.204.752

EBIT                                         26.476.688        50.704.868        64.630.960        -343.171.167     98.606.803

 

 

Summary

The 2013 financial result structure is a positive working capital of 347.689.806 euro, which is in agreement with 15 % of the total assets of the company.

 

The working capital has increased with 1070.62 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.

 

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

 

The current ratio of the company in 2013 was 1.19. 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 1.11. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

The 2012 financial result structure is a positive working capital of 29.701.381 euro, which is in agreement with 1 % of the total assets of the company.

 

The working capital has diminished with -80.79 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.

 

The deterioration between 2011 and 2012 has mainly been caused by an increase of the current liabilities.

 

The current ratio of the company in 2012 was 1.01. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

 

The quick ratio in 2012 of the company was 0.94. 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                                    Glencore Grain B.V.

Blaak 31

3011GA Rotterdam

Netherlands

Registration number: 241386400000

 

Balance Sheet

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Tangible fixed assets

4.748.749

 

3.614.653

2.362.932

 

Financial fixed assets

103.519.689

157.547.376

1.605.224

697.136

904.484

Fixed assets

108.268.439

157.547.376

5.219.878

3.060.068

904.484

Total stock

141.941.125

200.892.079

304.822.626

270.761.778

130.458.107

Accounts receivable

706.726.144

719.017.761

569.765.819

578.325.154

225.346.322

Other receivables

1.265.639.217

1.780.823.165

1.300.977.651

1.685.208.033

560.362.889

Total receivables

1.972.365.361

2.499.840.926

1.870.743.470

2.263.533.187

785.709.211

Liquid funds

28.636.793

50.220.557

27.594.095

25.331.019

152.020

Current assets

2.142.943.278

2.750.953.562

2.203.160.191

2.559.625.984

916.319.338

Total assets

2.251.211.717

2.908.500.938

2.208.380.069

2.562.686.051

917.223.822

Issued capital

16.499.892

16.502.956

16.579.334

16.577.175

16.441.062

Other reserves

146.905.232

154.704.417

143.266.093

127.524.271

229.300.923

Total reserves

146.905.232

154.704.417

143.266.093

127.524.271

229.300.923

Total equity

163.405.123

171.207.373

159.845.427

144.101.447

245.741.985

Provisions

---

16.041.383

----

----

----

Long term interest yielding debt

292.553.122

----

----

----

----

Long term liabilities

292.553.122

----

----

----

----

Accounts payable

120.301.649

145.954.985

113.846.509

95.816.552

72.749.529

Other short term liabilities

1.674.951.823

2.575.297.197

1.934.688.133

2.322.768.053

598.732.308

Short term liabilities

1.795.253.472

2.721.252.181

2.048.534.642

2.418.584.605

671.481.837

Total short and long term liabilities

2.087.806.593

2.737.293.564

2.048.534.642

2.418.584.605

671.481.837

Total liabilities

2.251.211.717

2.908.500.938

2.208.380.069

2.562.686.051

917.223.822

 

Summary

 

The total assets of the company decreased with -22.6 % between 2012 and 2013.

 

This downturn is mainly retrievable in the fixed asset decrease of -31.28 %.

 

Assets reduction is explained by a Net Worth decrease of -4.56 %, and an indebtedness reduction of -23.73 %.

 

In 2013 the assets of the company were 4.81 % composed of fixed assets and 95.19 % by current assets. The assets are being financed by an equity of 7.26 %, and total debt of 92.74 %.

 

The total assets of the company increased with 31.7 % between 2011 and 2012.

 

The total asset increase is retrievable in the fixed asset growth of 2918.22 %.

 

The asset growth has mainly been financed by a debt increase of 33.62 %. The Net Worth, however, grew with 7.11 %.

 

In 2012 the assets of the company were 5.42 % composed of fixed assets and 94.58 % by current assets. The assets are being financed by an equity of 5.89 %, and total debt of 94.11 %.

 

 

 

Profit & Loss

 

Year

2013

2012

2011

2010

2009

Revenues

11.798.447.112

11.474.447.128

8.871.088.094

5.374.112.762

4.065.827.012

Net turnover

11.798.447.112

11.474.447.128

8.871.088.094

5.374.112.762

4.065.827.012

Gross margin

86.801.539

92.082.010

112.146.223

90.942.585

125.503.228

Wages and salaries

36.636.213

21.678.794

22.276.837

16.903.303

 

Sales

11.711.645.572

11.382.365.118

8.758.941.871

5.283.170.177

26.896.425

other operating costs

23.688.638

19.698.348

25.238.426

417.210.448

 

Operating expenses

11.771.970.423

11.423.742.260

8.806.457.134

5.717.283.929

3.967.220.208

Operating result

26.476.688

50.704.868

64.630.960

-343.171.167

98.606.803

Financial income

8.884.780

13.468.244

17.357.601

11.360.624

12.622.515

Financial expenses

30.214.633

46.912.235

70.650.745

42.000.946

33.478.403

Financial result

-21.329.853

-33.443.991

-53.293.144

-30.640.323

-20.855.888

Result on ordinary operations before taxes

5.146.835

17.260.877

11.337.816

-373.811.490

77.750.916

Taxation on the result of ordinary activities

1.694.583

4.506.594

1.201.793

11.235.708

-10.571.287

Result of ordinary activities after taxes

3.452.252

12.754.283

10.136.023

-385.047.197

88.322.203

Result subsidiaries after taxes

 

 

 

-11.418.968

-3.117.450

Net result

3.452.252

12.754.283

10.136.023

-396.466.165

85.204.752

 

Summary

 

The turnover of the company grew with 2.82 % between 2012 and 2013.

 

The gross profit of the company decreased by -5.73 % between 2012 and 2013.

 

The operating result of the company declined with -47.78 % 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 -61.02 % of the analysed period, being equal to 2012 % in the year 2013.

 

Despite the decline the assets turnover increased by 32.66 % reaching 5.24.

The Net Result of the company increased by -72.93 % 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 -68.75 % of the analysed period, being 3.15 % in the year 2013.

 

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

 

The turnover of the company grew with 29.35 % between 2011 and 2012.

 

The gross profit of the company decreased by -17.89 % between 2011 and 2012.

 

The operating result of the company declined with -21.55 % between 2011 and 2012. This evolution implies an decrease of the company's economic profitability.

 

The result of these changes is an increase of the company's Economic Profitability of 15.69 % of the analysed period, being equal to 2011 % in the year 2012.

 

Despite the growth the assets turnover decreased, whose index evolved with -1.74 % to a level of 3.95.

 

The Net Result of the company decreased by 25.83 % between 2011 and 2012.

 

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 42.17 % of the analysed period, being 10.08 % in the year 2012.

 

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

 

 

 

 

Analysis

 

Branch (SBI)

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

 

Region

Groot Rotterdam

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

In the region Groot Rotterdam 8969 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 Groot Rotterdam 231 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 Groot Rotterdam is normal

Publications

Filings

20-05-2014: De jaarrekening over 2013 is gepubliceerd.

13-02-2014: De jaarrekening over 2012 is gepubliceerd.

10-02-2012: De jaarrekening over 2010 is gepubliceerd.

17-03-2011: De jaarrekening over 2009 is gepubliceerd.

03-03-2010: De jaarrekening over 2008 is gepubliceerd.

 

Functions

15-10-2014: Per 01-10-2014 is gevolmachtigde Theo Eymert Schipper uit functie getreden.

15-10-2014: Per 01-10-2014 is gevolmachtigde Ronald Jozef Johanna de Gelder uit functie getreden.

11-06-2014: Per 02-06-2014 is gevolmachtigde Richard van Renswoude in functie getreden.

11-06-2014: Per 02-06-2014 is gevolmachtigde Margaretha den Otter uit functie getreden.

04-06-2014: Per 02-06-2014 is gevolmachtigde Antonius Alfonsius Rabeling uit functie getreden.

14-05-2014: Per 30-04-2014 is gevolmachtigde Wilhelmus Marinus van Deurzen uit functie getreden.

14-05-2014: Per 05-05-2014 is gevolmachtigde Francis Albert Mardon in functie getreden.

26-02-2014: Per 24-02-2014 is gevolmachtigde Lucas James Dorrestein in functie getreden.

21-02-2014: Per 14-02-2014 is gevolmachtigde Johannes Barth in functie getreden.

21-02-2014: Per 14-02-2014 is gevolmachtigde Thomas Theodorus Maria Heijselaar uit functie getreden.

27-01-2014: Per 23-01-2014 is gevolmachtigde Etienne Jean-François Aubailly in functie getreden.

13-11-2013: Per 05-11-2013 is gevolmachtigde Cristobal Toral Oropesa in functie getreden.

13-11-2013: Per 04-11-2013 is gevolmachtigde Chad George William Popowich in functie getreden.

31-10-2013: Per 23-10-2013 is gevolmachtigde Peter John Tustin in functie getreden.

31-10-2013: Per 23-10-2013 is gevolmachtigde Jimmy Hansen in functie getreden.

17-10-2013: Per 15-10-2013 is gevolmachtigde Danial Wesley Johnson in functie getreden.

15-10-2013: Per 14-10-2013 is gevolmachtigde Peter Johannes Poort uit functie getreden.

05-09-2013: Per 01-09-2013 is gevolmachtigde Manuel David Schöngüt uit functie getreden.

14-08-2013: Per 22-07-2013 is gevolmachtigde James Daniel Maw in functie getreden.

14-08-2013: Per 17-07-2013 is gevolmachtigde Adrianus Frederik Sébastian van Hoorn in functie getreden.

30-07-2013: Per 22-07-2013 is gevolmachtigde Olivier Andre Marie Calvar in functie getreden.

22-06-2012: Per 19-06-2012 is gevolmachtigde Colin Richard Iles in functie getreden.

15-06-2012: Per 11-06-2012 is gevolmachtigde Jerry Gielisse in functie getreden.

15-02-2012: Per 30-01-2012 is gevolmachtigde Ronald Burki uit functie getreden.

16-11-2011: Per 15-11-2011 is gevolmachtigde Daniel Anthony Pickett in functie getreden.

27-09-2011: Per 20-09-2011 is gevolmachtigde Mark Simon Allen uit functie getreden.

08-09-2011: Per 01-09-2011 is gevolmachtigde Marc Webbers uit functie getreden.

06-09-2011: Per 01-09-2011 is gevolmachtigde Camiel Both in functie getreden.

24-03-2011: Per 24-03-2011 is gevolmachtigde Marc Webbers in functie getreden.

25-01-2011: Per 25-01-2011 is gevolmachtigde Margaretha den Otter in functie getreden.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.97.97

Euro

1

Rs.71.82

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

VNT

 

               

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.