MIRA INFORM REPORT
|
Report No. : |
350484 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLENCORE GRAIN B.V. |
|
|
|
|
Registered Office : |
Blaak 31, 3011GA Rotterdam |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
09.04.1980 |
|
|
|
|
Com. Reg. No.: |
24138640 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Trading, including futures, commission, agencies, import
and export and distribution for both its own account and for third parties, in
all goods, particularly in products, raw materials, fuels and 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 – 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 |
company
name
GLENCORE GRAIN B.V.
Summary
Company name GLENCORE
GRAIN B.V.
Operative address Blaak 31
3011GA Rotterdam
Netherlands
Legal form Private Company
Registration number KvK-nummer:
24138640
VAT-number 005199542
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
4.810.971 |
-95,56 |
108.268.439 |
-31,28 |
157.547.376 |
|
Total receivables |
1.845.403.998 |
-6,44 |
1.972.365.361 |
-21,10 |
2.499.840.926 |
|
Total equity |
194.423.029 |
18,98 |
163.405.123 |
-4,56 |
171.207.373 |
|
Short term liabilities |
1.636.878.342 |
-8,82 |
1.795.253.472 |
-34,03 |
2.721.252.181 |
|
Net result |
10.692.694 |
209,73 |
3.452.252 |
-72,93 |
12.754.283 |
|
Working capital |
524.376.079 |
50,82 |
347.689.806 |
1.070,62 |
29.701.381 |
|
Quick ratio |
1,17 |
5,41 |
1,11 |
18,09 |
0,94 |
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
Registration
Registration number KvK-nummer:
24138640
Branch number 000017838428
VAT-number 005199542
Status Active
First registration company register 1980-04-09
Memorandum 1980-04-09
Establishment date 1980-04-09
Legal form 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)
Exporter Yes
Importer Yes
Branche organisations KVNR - Koninklijke
Vereniging van Nederlandse Reders
Goal Trading, including futures, commission, agencies, import and export and distribution for both its own account and for third parties, in all goods, particularly in products, raw materials, fuels and semi-finished products
Relations
Shareholders Finges
Investment B.V.
Blaak 31
3011GA ROTTERDAM
Netherlands
Registration number: 341194320000
Percentage: 100%
Companies on
same address Amount: 166
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
Active management
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
• BIOPETROL ROTTERDAM B.V.
Welplaatweg 108
3197KS BOTLEK ROTTERDAM
Netherlands
Registration number: 243937380000
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 ROTTERDAM B.V.
Welplaatweg 108
3197KS BOTLEK ROTTERDAM
Netherlands
Registration number: 243937380000
Function: Manager
• 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
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
B.M. Glass (Bradley Michael)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-02-23
Date of birth: 1977-11-30, Albury, AU
O.F. Timmermans (Olaf Florian)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-04-07
Date of birth: 1980-06-09, Dordrecht, NL
O.Y.P. Dubosq (Olivier Yves Philippe)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-05-21
Date of birth: 1959-09-14, Caen, FR
Employees
Total according to the Chamber of Commerce 0
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
0 |
0 |
249 |
219 |
183 |
Payments
Description The payments are
regular
|
KEY FIGURES |
|
|
|
|
|
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
1,17 |
1,11 |
0,94 |
0,93 |
0,95 |
|
Current ratio |
1,32 |
1,19 |
1,01 |
1,08 |
1,06 |
|
Working capital/ balance total |
0,24 |
0,15 |
0,01 |
0,07 |
0,06 |
|
Equity / balance total |
0,09 |
0,07 |
0,06 |
0,07 |
0,06 |
|
Equity / Fixed assets |
40,41 |
1,51 |
1,09 |
30,62 |
47,09 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Equity / liabilities |
0,10 |
0,08 |
0,06 |
0,08 |
0,06 |
|
Balance total / liabilities |
1,10 |
1,08 |
1,06 |
1,08 |
1,06 |
|
Working capital |
524.376.079 |
347.689.806 |
29.701.381 |
154.625.549 |
141.041.379 |
|
Equity |
194.423.029 |
163.405.123 |
171.207.373 |
159.845.427 |
144.101.447 |
|
Mutation equity |
18,98 |
-4,56 |
7,11 |
10,93 |
-41,36 |
|
Mutation short term liabilities |
-8,82 |
-34,03 |
32,84 |
-15,30 |
260,19 |
|
Return on total assets (ROA) |
0,69 |
0,23 |
0,59 |
0,51 |
-14,59 |
|
Return on equity (ROE) |
7,74 |
3,15 |
10,08 |
7,09 |
-259,41 |
|
Gross profit margin |
0,24 |
0,22 |
0,44 |
0,73 |
-6,39 |
|
Net profit margin |
0,08 |
0,03 |
0,11 |
0,11 |
-7,38 |
|
Average collection ratio |
8,13 |
6,57 |
4,22 |
4,33 |
2,22 |
|
Average payment ratio |
7,21 |
5,98 |
4,59 |
4,74 |
2,37 |
|
Equity turnover ratio |
68,42 |
72,20 |
67,02 |
55,50 |
37,29 |
|
Total assets turnover ratio |
6,14 |
5,24 |
3,95 |
4,02 |
2,10 |
|
Fixed assets turnover ratio |
2.765,17 |
108,97 |
72,83 |
1.699,48 |
1.756,21 |
|
Inventory conversion ratio |
52,31 |
83,12 |
57,12 |
29,10 |
19,85 |
|
Turnover |
13.303.147.975 |
11.798.447.112 |
11.474.447.128 |
8.871.088.094 |
5.374.112.762 |
|
Gross margin |
94.966.642 |
86.801.539 |
92.082.010 |
112.146.223 |
90.942.585 |
|
Operating result |
32.430.607 |
26.476.688 |
50.704.868 |
64.630.960 |
-343.171.167 |
|
Net result after taxes |
10.692.694 |
3.452.252 |
12.754.283 |
10.136.023 |
-396.466.165 |
|
EBIT |
32.430.607 |
26.476.688 |
50.704.868 |
64.630.960 |
-343.171.167 |
Summary
The 2014 financial result structure is a postive working captial of 524.376.079 euro, which is in agreement with 24 % of the total assets of the company.
The working capital has increased with 50.82 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2013 and 2014 has mainly been caused by an increase of the current assets.
The current ratio of the company in 2014 was 1.32. 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 1.17. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.
The 2013 financial result structure is a postive working captial 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.
Financial
statement
Last annual account 2014
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 |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
4.718.722 |
4.748.749 |
|
3.614.653 |
2.362.932 |
|
Financial fixed assets |
92.249 |
103.519.689 |
157.547.376 |
1.605.224 |
697.136 |
|
Fixed assets |
4.810.971 |
108.268.439 |
157.547.376 |
5.219.878 |
3.060.068 |
|
Total stock |
254.289.597 |
141.941.125 |
200.892.079 |
304.822.626 |
270.761.778 |
|
Accounts
receivable |
513.441.231 |
706.726.144 |
719.017.761 |
569.765.819 |
578.325.154 |
|
Other receivables |
1.331.962.767 |
1.265.639.217 |
1.780.823.165 |
1.300.977.651 |
1.685.208.033 |
|
Total receivables |
1.845.403.998 |
1.972.365.361 |
2.499.840.926 |
1.870.743.470 |
2.263.533.187 |
|
Liquid funds |
61.560.827 |
28.636.793 |
50.220.557 |
27.594.095 |
25.331.019 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Current assets |
2.161.254.421 |
2.142.943.278 |
2.750.953.562 |
2.203.160.191 |
2.559.625.984 |
|
Total assets |
2.166.065.392 |
2.251.211.717 |
2.908.500.938 |
2.208.380.069 |
2.562.686.051 |
|
|
|||||
|
Issued capital |
16.460.753 |
16.499.892 |
16.502.956 |
16.579.334 |
16.577.175 |
|
Other reserves |
177.962.276 |
146.905.232 |
154.704.417 |
143.266.093 |
127.524.271 |
|
Total reserves |
177.962.276 |
146.905.232 |
154.704.417 |
143.266.093 |
127.524.271 |
|
Total equity |
194.423.029 |
163.405.123 |
171.207.373 |
159.845.427 |
144.101.447 |
|
|
|||||
|
Provisions |
|
|
16.041.383 |
|
|
|
Long term interest yielding debt |
334.764.022 |
292.553.122 |
|
|
|
|
Long term liabilities |
334.764.022 |
292.553.122 |
|
||
|
Accounts payable |
176.842.105 |
120.301.649 |
145.954.985 |
113.846.509 |
95.816.552 |
|
Other short term liabilities |
1.460.036.237 |
1.674.951.823 |
2.575.297.197 |
1.934.688.133 |
2.322.768.053 |
|
Short term liabilities |
1.636.878.342 |
1.795.253.472 |
2.721.252.181 |
2.048.534.642 |
2.418.584.605 |
|
Total short and long term
liabilities |
1.971.642.364 |
2.087.806.593 |
2.737.293.564 |
2.048.534.642 |
2.418.584.605 |
|
Total liabilities |
2.166.065.392 |
2.251.211.717 |
2.908.500.938 |
2.208.380.069 |
2.562.686.051 |
Summary
The total assets of
the company decreased with -3.78 % between 2013 and 2014.
This downturn is
mainly retrievable in the fixed asset decrease of -95.56 %.
The asset reduction
is in contrast with the equity growth of 18.98 %. Due to this the total debt
decreased with -5.56 %.
In 2014 the assets
of the company were 0.22 % composed of fixed assets and 99.78 % by current
assets. The assets are being financed by an equity of 8.98 %, and total debt of
91.02
%.
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 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
13.303.147.975 |
11.798.447.112 |
11.474.447.128 |
8.871.088.094 |
5.374.112.762 |
|
Net turnover |
13.303.147.975 |
11.798.447.112 |
11.474.447.128 |
8.871.088.094 |
5.374.112.762 |
|
|
|||||
|
Gross margin |
94.966.642 |
86.801.539 |
92.082.010 |
112.146.223 |
90.942.585 |
|
|
|||||
|
Wages and salaries |
36.160.119 |
36.636.213 |
21.678.794 |
22.276.837 |
16.903.303 |
|
Sales |
13.208.181.334 |
11.711.645.572 |
11.382.365.118 |
8.758.941.871 |
5.283.170.177 |
|
other operating costs |
26.375.916 |
23.688.638 |
19.698.348 |
25.238.426 |
417.210.448 |
|
Operating expenses |
13.270.717.368 |
11.771.970.423 |
11.423.742.260 |
8.806.457.134 |
5.717.283.929 |
|
Operating result |
32.430.607 |
26.476.688 |
50.704.868 |
64.630.960 |
-343.171.167 |
|
|
|||||
|
Financial income |
4.361.255 |
8.884.780 |
13.468.244 |
17.357.601 |
11.360.624 |
|
Financial expenses |
21.742.855 |
30.214.633 |
46.912.235 |
70.650.745 |
42.000.946 |
|
Financial result |
-17.381.599 |
-21.329.853 |
-33.443.991 |
-53.293.144 |
-30.640.323 |
|
Result on ordinary
operations before taxes |
15.049.007 |
5.146.835 |
17.260.877 |
11.337.816 |
-373.811.490 |
|
|
|||||
|
Taxation on the result of ordinary
activities |
4.356.313 |
1.694.583 |
4.506.594 |
1.201.793 |
11.235.708 |
|
Result of ordinary activities
after taxes |
10.692.694 |
3.452.252 |
12.754.283 |
10.136.023 |
-385.047.197 |
|
|
|||||
|
Result subsidiaries after taxes |
|
|
|
|
-11.418.968 |
|
Net result |
10.692.694 |
3.452.252 |
12.754.283 |
10.136.023 |
-396.466.165 |
Summary
The turnover of the
company grew with 12.75 % between 2013 and 2014.
The gross profit of
the company grew with 9.41 % between 2013 and 2014.
The operating
result of the company grew with 22.49 % 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 200 % of the
analysed period, being equal to 2013 % in the year 2014.
This growth has
contributed to the increase in assets turnover, increasing by 17.18 % reaching
6.14.
The Net Result of
the company decreased by 209.73 % 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 145.71 % of the analysed period, being 7.74 %
in the year 2014.
The company's
financial structure has slowed down its financial profitability.
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.
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 17-04-2015: De
jaarrekening over 2014 is gepubliceerd.
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.
Functions 27-05-2015: Per
21-05-2015 is gevolmachtigde Olivier Yves Philippe Dubosq in
functie getreden.
26-05-2015: Per 22-05-2015 is gevolmachtigde James Daniel Maw uit
functie
getreden.
0-04-2015: Per 07-04-2015 is gevolmachtigde Olaf Florian Timmermans in
functie getreden.
25-02-2015: Per 23-02-2015 is gevolmachtigde Bradley Michael Glass in
functie getreden.
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.
Company
structure
Relations 7
Finges Investment B.V.
Blaak 31
3011GA ROTTERDAM
Netherlands
Registration number: 341194320000
• Glencore Grain B.V.
Blaak 31
3011GA Rotterdam
Netherlands
Registration number: 241386400000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.98 |
|
UK Pound |
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.