|
|
|
MIRA INFORM REPORT
|
Report No. : |
493402 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
COFCO INTERNATIONAL NETHERLANDS B.V. |
|
|
|
|
Formerly Known As : |
NIDERA B V |
|
|
|
|
Registered Office : |
Wilhelminakade 197, 3072AP Rotterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
05.07.2000 |
|
|
|
|
Com. Reg. No.: |
24307569 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Wholesale of grain · Wholesale of cattle feeds ·
Wholesale of raw vegetable and animal fats and
oils and oleaginous raw materials ·
Financial holding |
|
|
|
|
No. of Employees : |
172 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 consistently high trade surplus, stable industrial relations, and low 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 euro zone, 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 80% of banking assets, and is four times the size of Dutch GDP.
In 2008, during the financial crisis, the government budget deficit hit 5.3% of GDP. Following a protracted recession from 2009 to 2013, during which unemployment doubled to 7.4% and household consumption contracted for four consecutive years, economic growth began inching forward in 2014. Since 2010, Prime Minister Mark RUTTE’s government has 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. In 2017, the government budget returned to a surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita finally surpassed pre-crisis levels. The fiscal policy announced by the new government in the 2018-2021 coalition plans for increases in government consumption and public investment, fueling domestic demand and household consumption and investment. The new government’s policy also plans to increase demand for workers in the public and private sector, forecasting a further decline in the unemployment rate, which hit 4.8% in 2017.
|
Source : CIA |
Company
name
|
Name |
COFCO International Netherlands B.V. |
Summary
|
Company name |
COFCO International Netherlands B.V. |
|
Operative address |
Wilhelminakade 197 |
|
|
3072AP Rotterdam |
|
|
Netherlands |
|
Status |
Active |
|
Specification |
This company can meet all its obligations. |
|
Legal form |
Private Limited Company |
|
Registration number |
KvK-nummer: 24307569 |
|
VAT-number |
808979395 |
|
European VAT-number |
NL808979395B01 |
|
Year |
2016 |
Mutation |
2015 |
Mutation |
2014 |
|
|
|
|
|
|
|
|
Fixed assets |
1.075.769.352 |
8,98 |
987.092.920 |
23,42 |
799.759.252 |
|
|
|
|
|
|
|
|
Total
receivables |
1.660.974.985 |
-17,66 |
2.017.147.173 |
34.198,42 |
5.881.167 |
|
|
|
|
|
|
|
|
Total equity |
628.842.877 |
-30,94 |
910.532.798 |
32,91 |
685.074.162 |
|
|
|
|
|
|
|
|
Short term liabilities |
2.583.562.411 |
-12,84 |
2.964.078.430 |
10.136,73 |
28.955.333 |
|
|
|
|
|
|
|
|
Net result |
-253.004.564 |
-317,89 |
-60.543.771 |
-162,50 |
96.867.875 |
|
|
|
|
|
|
|
|
Working capital |
535.846.918 |
-15,71 |
635.692.147 |
3.439,41 |
-19.036.057 |
|
|
|
|
|
|
|
|
Quick ratio |
0,82 |
-6,82 |
0,88 |
158,82 |
0,34 |
Contact
information
|
Company name |
COFCO International Netherlands B.V. |
|
Trade names |
COFCO International Netherlands B.V. |
|
|
COFCO International |
|
Operative address |
Wilhelminakade 197 |
|
|
3072AP Rotterdam |
|
|
Netherlands |
|
Correspondence address |
Postbus 676 |
|
|
3000AR Rotterdam |
|
|
Netherlands |
|
Telephone number |
0104301911 |
|
Fax number |
0104130338 |
|
Email address |
info@cofcointernational.com |
|
Website |
www.cofcointernational.com |
Registration
|
Registration number |
KvK-nummer: 24307569 |
|
Branch number |
000016177436 |
|
VAT-number |
808979395 |
|
European VAT-number |
NL808979395B01 |
|
Status |
Active |
|
First registration company register |
2000-07-12 |
|
Memorandum |
2000-07-11 |
|
Establishment date |
2000-07-05 |
|
Legal form |
Private Limited Company |
|
Legal person since |
2000-07-12 |
|
Last proposed admendment |
2018-01-30 |
|
Issued placed capital |
EUR 3.482.324 |
|
Paid up share capital |
EUR 3.482.324 |
Activities
46211: Wholesale of grain 46215: Wholesale of cattle
feeds
46216: Wholesale of raw vegetable and animal fats and oils
and oleaginous raw materials
6420: Financial holding
|
Exporter |
Yes |
|
Importer |
Yes |
|
Branche
organisations |
Koninklijke
Vereniging het Comité van Graanhandelaren |
|
Goal |
- trade, import, export and distribution, including in goods, including agricultural products - carrying out all transport operations - Incorporating, participating in, supervising and promoting enterprises in any way and companies. |
Relations
Involved with the
following companies Nidera
Participations B.V.
Wilhelminakade 197
3072AP ROTTERDAM Netherlands
Registration number:
24449453 Function: Manager
Concordia Middle East
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24449464 Function: Manager
Transgrain Transport
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24129395 Function: Manager
Nidera Seeds Holding
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24186995 Function: Manager
Starting date:
2010-11-16
Transfeed B.V.
Wilhelminakade 197
3072AP ROTTERDAM Netherlands
Registration number:
24179149 Function: Manager
Starting date:
2011-03-18
NiFS B.V.
Wilhelminakade 197
3072AP Rotterdam Netherlands
Registration number:
24455199 Function: Manager
Starting date:
2009-02-23
Transgrain Shipping
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24151995 Function: Manager
Starting date:
2010-11-16
Nidera Agri
Enterprises B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
33246301
Function: Manager
Starting date:
2011-03-18
Nidera Seeds B.V.
Wilhelminakade 197
3072AP Rotterdam Netherlands
Registration number:
69415684 Function: Manager
Starting date:
2017-08-17
Concordia Trading
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24145844 Function: Manager
Starting date:
2009-12-01
Shareholders COFCO
International Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam Netherlands
Registration number:
24043517 Percentage: 100%
Companies on same
address (number) 13
Liability statements COFCO
International Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam Netherlands
Registration number: 24043517
date of issue: 2016-04-11 Starting date: 2014-10-01
Management
Active management COFCO
International Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam Netherlands
Registration number:
24043517 Competence: Fully authorized Function: Manager
Starting date:
2014-10-14
E. Schimmel Evert
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2011-11-01
Date of birth:
1954-10-31, Woudenberg, NL Involved with the following companies:
MVO. De KETENORGANISATIE
VOOR OLIËN EN VETTEN.
Louis Braillelaan 80
2719EK Zoetermeer
Netherlands
Registration number:
59196793 Function: Manager
Starting date:
2013-11-05
Concordia Trading
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number: 24145844
Function: Manager
Starting date:
1988-01-01
W.R. van Kempen
Willem Robertus
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2011-11-01
Date of birth:
1966-11-04, Rotterdam, NL Involved with the following companies:
Concordia Trading
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24145844 Function: Proxy
Starting date:
2005-12-20
Concordia Trading
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24145844 Function: Proxy
Starting date:
2005-12-20
F.M. Du Moulin
Ferdinand Michel
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1963-06-13, Rotterdam, NL Involved with the following companies:
Nidera Seeds Holding
B.V.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
24186995 Function: Proxy
Starting date:
1998-01-01
R.W. Stieber Robert
Willem
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1953-09-17, Rotterdam, NL
P.H. Bolomey Pieter
Hans
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1961-08-05, Bergschenhoek, NL
R.L.M. de Boeck René
Lucas Maria
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1958-08-03, Rotterdam, NL
A.M. Stouten Anna
Maria
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1952-04-13, Rotterdam, NL
H.C. van der Avoort
Henricus Cornelis
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2000-07-12
Date of birth:
1965-04-27, Vlissingen, NL
A. Muijen Andries
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2001-06-01
Date of birth:
1960-02-18, Rotterdam, NL
J. Buurman Jacob
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2011-02-16
Date of birth:
1969-07-15, Rotterdam, NL
A.S. Walker Anthony
Stuart
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2012-04-01
Date of birth:
1968-04-23, Clevedon, GB Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2014-10-10
R.A. van Orlé Robin
Alexander
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2012-12-18
Date of birth:
1965-01-30, Eindhoven, NL Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2014-10-10
R.P.P. Huet Raymond
Paul Philippe
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2016-05-18
Date of birth:
1967-05-29, Ukkel, BE Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2016-05-18
Stichting Eendenkooi
Pijnacker
Ruychrocklaan 496
2597EK 'S-GRAVENHAGE
Netherlands
Registration number:
27275662 Function: Treasurer
Starting date:
2005-03-11
M. Herman de Groot
Marjolein
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2016-11-15
Date of birth:
1968-05-07, Amersfoort, NL Involved with the following companies:
FrieslandCampina
Kievit B.V.
Stationsplein 4
3818LE Amersfoort
Netherlands
Registration number:
01123235 Function: Proxy
Starting date:
2014-01-15
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2016-11-15
P. Van Spaendonk Paul
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2014-10-10
Date of birth:
1973-09-27, Brasschaat, BE Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2014-10-10
S.S. Essed - Jassies
Sheila Sandra
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2014-10-10
Date of birth:
1971-06-06, Losser, NL Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2014-10-10
N.C.W. Bindels Norman
Christian William
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2015-04-01
Date of birth:
1969-01-23, Rotterdam, NL
B. Dorresteijn
Bart-Jan
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2015-09-01
Date of birth:
1976-10-20, Nijmegen, NL Involved with the following companies:
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number: 24043517
Function: Proxy
Starting date:
2017-12-01
E.H. Helmer Eric
Henri
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2017-12-01
Date of birth:
1968-08-24, 's-Gravenhage, NL Involved with the following companies:
Qimonda Holding B.V.
Einsteinlaan 10
2289CC RIJSWIJK ZH
Netherlands
Registration number:
24388183 Function: Manager
Starting date:
2007-01-01
Hydro Aluminium
Investment B.V.
Conradstraat 38
UNITD2.139
3013AP ROTTERDAM
Netherlands
Registration number:
57428220 Function: Manager
Starting date:
2013-03-08
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2017-12-01
R.P. Swarts Robertus Petrus
Hogerbeetsstraat 13 C
3039XH Rotterdam
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2017-10-01
Date of birth:
1980-01-10, Tilburg, NL Involved with the following companies:
Swarts Finance
Oudelandselaan 219
2652ER BERKEL EN
RODENRIJS Netherlands
Registration number:
56792816 Function: Owner
COFCO International
Holding Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Proxy
Starting date:
2017-10-01
Vereniging van
Eigenaars van de Hogerbeetsstraat 1 tot en met 25 oneven nummers
Hogerbeetsstraat 21 C
3039XH ROTTERDAM Netherlands
Registration number:
50513672 Function: Treasurer
Starting date:
2013-11-04
W. van der Male
Willem
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2014-01-14
Date of birth:
1972-12-28, Vlaardingen, NL
M.L. Bianchini
Martins Marcelo Luis
Netherlands
Competence: Limited
authorization Function: Proxy
Starting date:
2017-04-24
Date of birth:
1969-09-05, Sao Carlos, BR Involved with the following companies:
COFCO Coöperatief
U.A.
Wilhelminakade 197
3072AP ROTTERDAM
Netherlands
Registration number:
61460656 Function: Manager
Starting date:
2017-09-01
COFCO International Holding
Netherlands B.V.
Wilhelminakade 197
3072AP Rotterdam
Netherlands
Registration number:
24043517 Function: Manager
Starting date:
2017-07-21
Employees
|
Year |
2018 |
2017 |
2016 |
2015 |
2014 |
|
Chamber of
Commerce |
172 |
172 |
150 |
150 |
150 |
Payments
|
Description |
Slow but correct |
|
|
Payments within
industry |
Last quarter |
Last year |
|
Average payment
period (days) |
39 |
37 |
|
Average delay
(days) |
22 |
19 |
|
Quarter |
Not overdue |
1-30 |
31-60 |
61-90 |
91-120 |
121+ |
|
2018 Q1 |
47,00% |
47,00% |
2,00% |
2,00% |
0,00% |
2,00% |
|
2017 Q4 |
63,00% |
24,00% |
5,00% |
3,00% |
1,00% |
4,00% |
|
2017 Q3 |
55,00% |
32,00% |
8,00% |
2,00% |
0,00% |
2,00% |
|
2017 Q2 |
70,00% |
24,00% |
2,00% |
1,00% |
1,00% |
2,00% |
|
2017 Q1 |
44,00% |
43,00% |
8,00% |
1,00% |
1,00% |
3,00% |
The above data is an indication of the average payment
behaviour of the client. the payment experieneces can be affected by disputes,
payment arrangements, etc.
Key
figures
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Quick ratio |
0,82 |
0,88 |
0,34 |
0,78 |
0,60 |
|
Current ratio |
1,21 |
1,21 |
0,34 |
0,78 |
0,60 |
|
Working capital/
balance total |
0,13 |
0,14 |
-0,02 |
-0,01 |
-0,02 |
|
Equity /
balance total |
0,15 |
0,20 |
0,85 |
0,82 |
0,81 |
|
Equity /
Fixed assets |
0,58 |
0,92 |
0,86 |
0,85 |
0,83 |
|
Equity /
liabilities |
0,18 |
0,25 |
5,50 |
4,64 |
4,16 |
|
Balance total
/ liabilities |
1,18 |
1,25 |
6,50 |
5,64 |
5,16 |
|
Working capital |
535.846.918 |
635.692.147 |
-19.036.057 |
-7.068.587 |
-12.728.417 |
|
Equity |
628.842.877 |
910.532.798 |
685.074.162 |
562.489.596 |
531.913.954 |
|
Mutation equity |
-30,94 |
32,91 |
21,79 |
5,75 |
14,48 |
|
Mutation short
term liabilities |
-12,84 |
10.136,73 |
-9,92 |
0,72 |
111,29 |
|
Return on
total assets (ROA) |
-5,48 |
-2,00 |
10,98 |
7,47 |
8,25 |
|
Return on
equity (ROE) |
-36,53 |
-10,06 |
12,98 |
9,09 |
10,23 |
|
Gross profit
margin |
-0,93 |
-0,05 |
|
|
|
|
Net profit
margin |
-1,48 |
-0,29 |
|
|
|
|
Average collection
ratio |
6,60 |
6,99 |
|
|
|
|
Average payment
ratio |
10,27 |
10,28 |
|
|
|
|
Equity turnover
ratio |
27,12 |
22,76 |
|
|
|
|
Total assets
turnover ratio |
4,07 |
4,52 |
|
|
|
|
Fixed assets
turnover ratio |
15,85 |
21,00 |
|
|
|
|
Inventory conversion
ratio |
17,10 |
20,75 |
|
|
|
|
Turnover |
17.053.712.653 |
20.726.913.115 |
|
|
|
|
Gross margin |
112.337.586 |
299.573.821 |
|
|
|
|
Operating result |
-158.754.454 |
-9.765.776 |
-772.172 |
-531.730 |
-526.269 |
|
Net result
after taxes |
-253.004.564 |
-60.543.771 |
96.867.875 |
50.102.034 |
49.938.449 |
|
Gross profit |
17.053.712.653 |
20.726.913.115 |
|
|
|
|
EBIT |
-158.754.454 |
-9.765.776 |
-772.172 |
-531.730 |
-526.269 |
Summary
The 2016
financial result structure is a postive working captial of 535.846.918 euro,
which is in agreement with 13 % of the total assets of the company.
The working capital has
diminished with -15.71 % compared to previous year. The ratio, with respect to
the total assets of the company has however, declined.
The deterioration
between 2015 and 2016 has mainly been caused by a change of the current
liabilities.
The current ratio of
the company in 2016 was 1.21. When the current ratio is below 1.5, the company
may have problems meeting its short-term obligations.
The quick ratio in
2016 of the company was 0.82. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
The 2015 financial
result structure is a postive working captial of 635.692.147 euro, which is in
agreement with 14 % of the total assets of the company.
The working capital
has increased with 3439.41 % compared to previous year. The ratio, with respect
to the total assets of the company has however, increased.
The improvement
between 2014 and 2015 has mainly been caused by a change of the current assets.
The current ratio of
the company in 2015 was 1.21. When the current ratio is below 1.5, the company
may have problems meeting its short-term obligations.
The quick ratio in
2015 of the company was 0.88. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
Financial
statement
|
Last annual account |
2016 |
|
Remark annual
account |
The financial
statements shown in the report relate to the consolidated financial
statements of the group. |
|
Type of annual
account |
Consolidated |
|
Annual account |
COFCO International
Holding Netherlands B.V. Wilhelminakade 197
3072AP Rotterdam Netherlands Registration
number: 24043517 |
Balance
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
End date |
2016-12-31 |
2015-12-31 |
2014-09-30 |
2013-09-30 |
2012-09-30 |
|
Type of annual account |
Consol. |
Consol. |
Corporate |
Corporate |
Corporate |
|
Intangible fixed
assets |
157.680.552 |
156.426.022 |
|
|
|
|
Tangible fixed
assets |
766.870.636 |
668.832.591 |
|
76.704 |
17.647 |
|
Financial fixed
assets |
151.218.164 |
161.834.307 |
799.759.252 |
658.600.461 |
640.525.732 |
|
Fixed assets |
1.075.769.352 |
987.092.920 |
799.759.252 |
658.677.165 |
640.543.378 |
|
Total stock |
997.063.314 |
998.659.927 |
|
|
|
|
Accounts receivable |
|
883.078.034 |
|
|
|
|
Other receivables |
|
1.134.069.139 |
|
|
|
|
Total receivables |
1.660.974.985 |
2.017.147.173 |
5.881.167 |
10.900.629 |
18.217.652 |
|
Liquid funds |
461.371.030 |
583.963.477 |
4.038.109 |
14.176.555 |
968.814 |
|
Current assets |
3.119.409.329 |
3.599.770.577 |
9.919.276 |
25.077.183 |
19.186.467 |
|
Total assets |
4.195.178.680 |
4.586.863.497 |
809.678.528 |
683.754.348 |
659.729.845 |
|
Issued capital |
|
|
|
8.780.195 |
9.170.652 |
|
Share premium
reserve |
|
|
|
134.433.823 |
140.412.126 |
|
Other reserves |
|
|
685.074.162 |
419.275.579 |
382.331.176 |
|
Total reserves |
|
|
685.074.162 |
553.709.402 |
522.743.302 |
|
Minority interests |
|
-56.030 |
|
|
|
|
Total equity |
628.842.877 |
910.532.798 |
685.074.162 |
562.489.596 |
531.913.954 |
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
End date |
2016-12-31 |
2015-12-31 |
2014-09-30 |
2013-09-30 |
2012-09-30 |
|
Type of
annual account |
Consol. |
Consol. |
Corporate |
Corporate |
Corporate |
|
Provisions |
39.005.803 |
|
|
|
|
|
Long term
interest yielding debt |
943.767.589 |
712.308.299 |
69.820.535 |
65.053.821 |
|
|
Financial debts |
|
|
25.828.497 |
24.065.161 |
95.901.007 |
|
Long term
liabilities |
943.767.589 |
712.308.299 |
95.649.033 |
89.118.982 |
95.901.007 |
|
Accounts payable |
|
301.936.272 |
|
|
|
|
Other short
term liabilities |
|
2.662.142.159 |
|
|
|
|
Short term
liabilities |
2.583.562.411 |
2.964.078.430 |
28.955.333 |
32.145.770 |
31.914.884 |
|
Total short
and long term
liabilities |
3.566.335.803 |
3.676.386.729 |
124.604.366 |
121.264.752 |
127.815.891 |
|
Total liabilities |
4.195.178.680 |
4.586.863.497 |
809.678.528 |
683.754.348 |
659.729.845 |
Summary
The total assets of the
company decreased with -8.54 % between 2015 and 2016.
Despite the total assets decrease, non current assets
grew with 8.98 %. Assets reduction is explained by a Net Worth decrease of
-30.94 %, and an indebtedness reduction of -2.99 %.
In 2016 the assets of the company were 25.64 % composed
of fixed assets and 74.36 % by current assets. The assets are being financed by
an equity of 14.99 %, and total debt of 85.01 %.
The total assets of the company increased with 466.5 %
between 2014 and 2015. The fixed asset growth of 23.42 % is lower than the
total asset growth. The asset growth has mainly been financed by a debt
increase of 2850.45 %. The Net Worth, however, grew with 32.91 %.
In 2015 the assets of the company were 21.52 % composed
of fixed assets and 78.48 % by current assets. The assets are being financed by
an equity of 19.85 %, and total debt of 80.15 %.
Profit
and loss
|
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Revenues |
17.076.299.703 |
20.733.757.058 |
|
|
5.020 |
|
Other operating
income |
22.587.051 |
6.843.943 |
|
|
|
|
Net turnover |
17.053.712.653 |
20.726.913.115 |
|
|
|
|
Gross margin |
112.337.586 |
299.573.821 |
|
|
|
|
Sales |
293.679.090 |
316.183.540 |
|
|
|
|
Operating expenses |
17.235.054.157 |
20.743.522.834 |
772.172 |
531.730 |
531.289 |
|
Result in
subsidiaries |
3.165.735 |
2.491.045 |
92.324.403 |
52.966.705 |
55.804.584 |
|
Operating result |
-158.754.454 |
-9.765.776 |
-772.172 |
-531.730 |
-526.269 |
|
Financial income |
21.516.943 |
26.924.774 |
3.141.361 |
3.154.171 |
6.226.301 |
|
Financial expenses |
95.648.460 |
111.256.551 |
5.801.092 |
4.484.743 |
7.086.509 |
|
Financial result |
-74.131.518 |
-84.331.777 |
-2.659.731 |
-1.330.572 |
-860.208 |
|
Result on
ordinary operations before
taxes |
-229.720.236 |
-91.606.508 |
88.892.500 |
51.104.403 |
54.418.107 |
|
Taxation on
the result of
ordinary activities |
23.284.328 |
-31.062.737 |
-7.975.375 |
|
4.479.657 |
|
Result of
ordinary activities after
taxes |
-253.004.564 |
-60.543.771 |
96.867.875 |
51.104.403 |
49.938.449 |
|
Extraordinary expense |
|
|
|
1.002.370 |
|
|
Extraordinary result
after taxation |
|
|
|
-1.002.370 |
|
|
Net result |
-253.004.564 |
-60.543.771 |
96.867.875 |
50.102.034 |
49.938.449 |
Summary
The
turnover of the company decreased by -17.72 % between 2015 and 2016.
The gross profit of
the company decreased by -62.5 % between 2015 and 2016. The operating result of
the company declined with -1525.62 % between 2015 and 2016. 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 -174 %
of the analysed period, being equal to -5.48 in the year 2016.
This fall has
contributed to a asset turnover decrease, whose index evolved from -9.96 to a
level of 4.07.
The Net Result of the
company decreased by -317.89 % between 2015 and 2016. 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 -263.12 % of the analysed period, being -36.53 in the
year 2016.
The company's
financial profitability has been positively affected by its financial
structure.
The operating result
of the company declined with -1164.72 % between 2014 and 2015. 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 -118.21
% of the analysed period, being equal to -2 in the year 2015.
The Net Result of the
company decreased by -162.5 % between 2014 and 2015. 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 -177.5 % of the analysed period, being -10.06 in the
year 2015.
The company's financial profitability has been positively
affected by its financial structure.
Analysis
|
Branch (SBI) |
Wholesale of grain
(SBI code 46211) |
|
Region |
Groot Rotterdam |
|
Summary |
In the Netherlands
10563 of the companies are registered with the SBI code 46211 In the region Groot
Rotterdam 576 of the companies are registered with the SBI code 46211 In the Netherlands
148 of the bankrupcties are published within this sector In the region Groot
Rotterdam 6 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 |
|
Year |
2016 |
Company |
2015 |
Company |
2014 |
|
|
|
|
|
|
|
|
Equity |
150.724 |
628.842.877 |
157.638 |
910.532.798 |
155.302 |
|
|
|
|
|
|
|
|
Working capital |
130.283 |
535.846.918 |
106.554 |
635.692.147 |
95.328 |
|
|
|
|
|
|
|
|
Balance total |
569.477 |
4.195.178.680 |
582.799 |
4.586.863.497 |
591.433 |
|
|
|
|
|
|
|
|
Quick ratio |
1,37 |
0,82 |
1,32 |
0,88 |
1,29 |
|
|
|
|
|
|
|
|
Current ratio |
1,30 |
1,21 |
1,49 |
1,21 |
1,50 |
|
|
|
|
|
|
|
|
Equity /
balance total |
0,37 |
0,15 |
0,37 |
0,20 |
0,36 |
|
|
|
|
|
|
|
|
Turnover |
9.293.402 |
17.053.712.652 |
8.826.099 |
20.726.913.115 |
|
|
|
|
|
|
|
|
|
Net result |
790.115 |
-253.004.564 |
779.446 |
-60.543.771 |
530.628 |
Publications
Consent statements 21-03-2017: Voor
boekjaar 2016 is een instemmingsverklaring gedeponeerd.
13-04-2016:
Voor boekjaar 2015 is een instemmingsverklaring gedeponeerd.
Liability
statements 13-04-2016:
Per 11-04-2016 is een aansprakelijkheidsverklaring door Nidera Capital B.V.
gedeponeerd.
Deposits 08-01-2015:
De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
24-12-2013:
De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.
Functions 04-01-2018:
Per 02-01-2018 is gevolmachtigde Marco Franciscus Anthonius Verzijl uit functie
getreden.
04-01-2018: Per
02-01-2018 is gevolmachtigde Julien Charles Alexander Windhouwer uit functie
getreden.
04-01-2018: Per
02-01-2018 is gevolmachtigde Marten Boudewijn van der Meijden uit functie
getreden.
04-01-2018: Per
02-01-2018 is gevolmachtigde Sylvia Bernadette Maria Andriessen uit functie getreden.
06-12-2017: Per
01-12-2017 is gevolmachtigde Eric Henri Helmer in functie getreden.
06-12-2017: Per
01-12-2017 is gevolmachtigde Rogier Jacobs uit functie getreden.
06-12-2017: Per
01-12-2017 is gevolmachtigde Paul Deelstra uit functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Robertus Petrus Swarts in functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Aernout Cornelis van der Gaag uit functie
getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Brigitte Margareta Petrus van Kwikkelberghe uit
functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Chetan Singh uit functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Stijn Mariëtte Wil van Puijenbroek uit functie
getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde René Cornelis Truschel uit functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Andrii Ihorovych Medvedyk uit functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Paul Damen uit functie getreden.
10-10-2017: Per 01-10-2017
is gevolmachtigde Stanley de Bruin uit functie getreden.
10-10-2017: Per
01-10-2017 is gevolmachtigde Igor Vladimirovich Popov uit functie getreden.
09-05-2017: Per
24-04-2017 is gevolmachtigde Marcelo Luis Bianchini Martins in functie getreden.
04-05-2017: Per
30-04-2017 is gevolmachtigde Annemarijn Elisabeth van Royen uit functie
getreden.
04-05-2017: Per
30-04-2017 is gevolmachtigde Coenraad van der Helm uit functie getreden.
27-01-2017: Per
15-11-2016 is gevolmachtigde Aernout Cornelis van der Gaag in functie getreden.
10-01-2017: Per
15-11-2016 is gevolmachtigde Ezequiel Mariano Manóvil uit functie getreden.
10-01-2017: Per
15-11-2016 is gevolmachtigde William Robert Hall-Jones uit functie getreden.
10-01-2017: Per
15-11-2016 is gevolmachtigde René Franciscus van Son uit functie getreden.
20-12-2016: Per
15-11-2016 is gevolmachtigde Brigitte Margareta Petrus van Kwikkelberghe in
functie getreden.
20-12-2016: Per
15-11-2016 is gevolmachtigde Marjolein Herman de Groot in functie getreden.
20-12-2016: Per
15-11-2016 is gevolmachtigde Annemarijn Elisabeth van Royen in functie
getreden.
20-12-2016: Per
15-11-2016 is gevolmachtigde Jacobus Cornelis Brandwijk uit functie getreden.
25-05-2016: Per
18-05-2016 is gevolmachtigde Marco Franciscus Anthonius Verzijl in functie
getreden.
25-05-2016: Per
18-05-2016 is gevolmachtigde Raymond Paul Philippe Huet in functie getreden.
25-05-2016: Per
18-05-2016 is gevolmachtigde Rogier Jacobs in functie getreden.
15-02-2016: Per
09-02-2016 is gevolmachtigde Bertin Pierre Philippe Moret uit functie getreden.
16-12-2015: Per
01-12-2015 is gevolmachtigde Chetan Singh in functie getreden.
26-11-2015: Per
04-11-2015 is gevolmachtigde Ezequiel Mariano Manóvil in functie getreden.
26-11-2015: Per 04-11-2015
is gevolmachtigde Julien Charles Alexander Windhouwer in functie getreden.
26-11-2015: Per
04-11-2015 is gevolmachtigde William Robert Hall-Jones in functie getreden.
07-09-2015: Per
01-09-2015 is gevolmachtigde Bart-Jan Dorresteijn in functie getreden.
23-07-2015: Per
21-07-2015 is gevolmachtigde Marten Boudewijn van der Meijden in functie
getreden.
25-06-2015: Per
01-06-2015 is gevolmachtigde René Franciscus van Son in functie getreden.
05-06-2015: Per
03-06-2015 is gevolmachtigde Thierry Henry Marie de Boussac uit functie
getreden.
05-06-2015: Per
03-06-2015 is gevolmachtigde Martinus Cornelis Kwakkelstein uit functie
getreden.
12-05-2015: Per
01-04-2015 is gevolmachtigde Norman Christian William Bindels in functie
getreden.
10-02-2015: Per
06-02-2015 is gevolmachtigde Alejandro Benvenuto uit functie getreden.
27-01-2015: Per
23-01-2015 is gevolmachtigde René Franciscus van Son uit functie getreden.
06-01-2015: Per
31-12-2014 is gevolmachtigde Gergely László Novák uit functie getreden.
10-12-2014: Per
01-12-2014 is gevolmachtigde Stijn Mariëtte Wil van Puijenbroek in functie
getreden.
03-12-2014: Per
10-10-2014 is gevolmachtigde Mark Stuart Dordery uit functie getreden.
03-12-2014: Per
10-10-2014 is gevolmachtigde Victor Casan Vila-San Juan uit functie getreden.
02-12-2014: Per
10-10-2014 is gevolmachtigde René Cornelis Truschel in functie getreden.
02-12-2014: Per
10-10-2014 is gevolmachtigde Sheila Sandra Essed-Jassies in functie getreden.
02-12-2014: Per
10-10-2014 is gevolmachtigde Paul Van Spaendonk in functie getreden.
02-12-2014: Per
10-10-2014 is gevolmachtigde Andrii Ihorovych Medvedyk in functie getreden.
02-12-2014: Per
10-10-2014 is gevolmachtigde Bertin Pierre Philippe Moret in functie getreden.
02-12-2014: Per 10-10-2014
is gevolmachtigde Gergely László Novák uit functie getreden.
24-11-2014: Per
10-10-2014 is gevolmachtigde Thierry Henry Marie de Boussac in functie
getreden.
24-11-2014: Per
10-10-2014 is gevolmachtigde Gergely László Novák in functie getreden.
21-10-2014: Per
14-05-2014 is gevolmachtigde Sylvia Bernadette Maria Andriessen in functie
getreden.
16-10-2014: Per
14-10-2014 is bestuurder 24043517 Nidera Capital B.V. in functie getreden.
16-10-2014: Per
14-10-2014 is commissaris Martin David Mayer Wolf uit functie getreden.
16-10-2014: Per
14-10-2014 is bestuurder Martin Javier Inhargue uit functie getreden. 1
6-10-2014: Per
14-10-2014 is bestuurder Antonius Theodorus Christoffel van der Laan uit
functie getreden.
16-10-2014: Per 14-10-2014
is commissaris Manfred Karl Ungethüm uit functie getreden.
16-10-2014: Per
14-10-2014 is commissaris Anthonius Hendricus Adrianus Maria van Laack uit
functie getreden.
16-10-2014: Per
14-10-2014 is commissaris Frank Karsbergen uit functie getreden.
28-05-2014: Per
01-04-2014 is commissaris Martin David Mayer Wolf in functie getreden.
02-05-2014: Per
01-05-2014 is gevolmachtigde Job Gijsbert Rietkerk uit functie getreden.
21-03-2014: Per
20-03-2014 is gevolmachtigde Jacobus Cornelis Brandwijk in functie getreden.
Other 08-05-2017: ... Datum deponering: 25-04-2017 Soort deponering: Aanvullende mededeling jaarstukken o.g.v. art.362 lid 6..
19-09-2016: ... Datum deponering: 16-09-2016 Soort deponering: Vennootschap voldoet aan voorwaarden voor bijzondere structuur (art. 63b lid1/ 153 lid1/ 263 lid1 BW2). 09-01-2015: ... ... Datum deponering:
08-01-2015 Soort deponering: Lijst van deelnemingen (art. 379 lid 5 BW2).
01-02-2018: Per 30-1-2018 statuten gewijzigd. Per 30-1-2018 naam gewijzigd in: COFCO International Netherlands B.V..
10-05-2016: Geplaatst kapitaal gewijzigd in EUR 3.482.324,00 Gestort kapitaal gewijzigd in EUR 3.482.324,00.
16-10-2014: Per 14-10-2014 statuten gewijzigd.
Company
structure
|
Relations |
13 |
|
Company |
Registration number |
|
COFCO Coöperatief
U.A. (ROTTERDAM) |
61460656 |
|
| -
- COFCO International Holding
Netherlands B.V. (Rotterdam) |
24043517 |
|
| -
- | -
- COFCO International Netherlands
B.V. (Rotterdam) |
24307569 |
|
| -
- | -
- | -
- Nidera Agri
Enterprises B.V. (Rotterdam) |
33246301 |
|
| -
- | -
- | -
- Nidera Seeds
Holding B.V. (ROTTERDAM) |
24186995 |
|
| -
- | -
- | -
- | -
- Nidera Seeds
B.V. (Rotterdam) |
69415684 |
|
| -
- | -
- | -
- Transfeed B.V.
(ROTTERDAM) |
24179149 |
|
| -
- | -
- | -
- Transgrain Shipping
B.V. (ROTTERDAM) |
24151995 |
|
| -
- | -
- | -
- Concordia Trading
B.V. (ROTTERDAM) |
24145844 |
|
| -
- | -
- | -
- Transgrain Transport
B.V. (ROTTERDAM) |
24129395 |
|
| -
- | -
- | -
- Nidera Holding
South America B.V.
(Rotterdam) |
59217162 |
|
| -
- | -
- | -
- Concordia Middle
East B.V. (ROTTERDAM) |
24449464 |
|
| -
- | -
- | -
- Nidera Participations B.V.
(ROTTERDAM) |
24449453 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
|
Euro |
1 |
INR 80.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.