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Vessel Flag Subsidiary Table 9 Fleet of Cornelis Vrolijk/Jaczon SCH 81 Carolien Dutch Cornelis Vrolijks Visserij Maatschappij Diepzee IV BV SCH 72 Frank Bonefaas Dutch Cornelis Vrolijks Visserij Maatschappij Diepzee II BV SCH 24 Afrika Dutch Jaczon Visserijmaatschappij Afrika BV SCH 123 Zeeland Dutch Jaczon Visserijmaatschappij Zeeland BV SCH 22 Wiron 5 Dutch Jaczon Visserijmaatschappij Wiron BV SCH 23 Wiron 6 Dutch Jaczon Visserijmaatschappij Wiron BV H 171 Cornelis Vrolijk Fzn UK North Atlantic Fishing Co. Ltd H 90 Atlantic Princess UK Valiant Trawlers Ltd FC 716900 Prins Bernhard French France Pelagique S.a.r.l. (90%) and other subsidiaries FC 716630 Scrombrus French France Pelagique S.a.r.l. FC 716999 Sandettie French France Pelagique S.a.r.l. (10%) and other subsidiaries SO 117 Johanna Maria Irish Jaczon Visserijmaatschappij Johanna Maria BV (with Atlantic Dawn) Although online sources, including the website of Cornelis Vrolijk, indicate that the FC- 716999 Sandettie is owned by France Pelagique, in its annual report of 2009 this subsidiariy mentions that it only owns 10% of the vessel. It is unknown which subsidiary owns the remaining 90%. According to the website shipspotting.com with data from October 2010, the vessel is owned by Klipper S.a.r.l. and France Pelagique S.a.r.l. However, in its annual report of 2009, Klipper does not mention anything about this vessel. 42 According to the SOMO report, H-108 Westella and the pair-trawlers Wiron 1 and 2 (PH-110 and PH-220) also belong to the fleet of the group. However, the H-108 Westella was sold to Norwegian company Austevoll in 2008, and the Wiron 1 and 2 trawlers belong to Interfish Wirons Ltd. These companies are (to our knowledge) not owned by Cornelis Vrolijk/Jaczon. 43 2.3 Revenues Consolidated accounts of the merged Cornelis Vrolijk/Jaczon group are not (yet) available. The most recent accounts of Cornelis Vrolijk Holding BV (before the takeover) of 2004 indicate that the company generated revenues of € 83.9 million, resulting in a net profit of € 1.5 million. The most recent accounts of Jaczon BV for the financial year 2004/2005 (1 June 2004-31 May 2005) indicate that this company generated revenues of € 128.9 million, resulting in a net loss of € 3.4 million. The company also specifies its revenues and profits in the period 1 June 2005-31 December 2005; in this period, the company generated revenues of € 101.7 million and a profit of € 13.0 million. 44 Profits ranged substantially for the Jaczon group before the merger, so it is difficult to provide a reliable estimate. This brings the total annual revenues before the merger of the Cornelis Vrolijk/Jaczon group to around € 210 million. The next paragraphs will discuss a range of vessel owning and trading subsidiaries of Cornelis Vrolijk/Jaczon, and provide details of their most recent financial accounts. In this way, a more complete picture of the recent revenues and profits of the merged group is presented. -18-
2.4 Dutch subsidiaries 2.4.1 Introduction The Dutch subsidiaries of the Cornelis Vrolijk/Jaczon group that own vessels and sell fish to other subsidiaries of the group are: • Cornelis Vrolijks Visserij Maatschappij Diepzee II BV • Cornelis Vrolijks Visserij Maatschappij Diepzee IV BV • Jaczon Visserijmaatschappij Afrika BV • Jaczon Visserijmaatschappij Johanna Maria BV • Jaczon Visserijmaatschappij Wiron BV • Jaczon Visserijmaatschappij Zeeland BV In addition, the following subsidiaries are important processing and trading subsidiaries: • Cornelis Vrolijk’s Visserij Maatschappij BV • Jaczon Visgroothandel BV Until 2009, these trading subsidiaries continued to operate separately. It is likely that the vessel owning subsidiaries of (former) Jaczon BV supply their fish to Jaczon Visgroothandel BV and that the vessel owning subsidiaries of (former) Cornelis Vrolijk supply their fish to Cornelis Vrolijk’s Visserij Maatschappij BV. However, from the first of January 2009 Jaczon Visgroothandel BV and Cornelis Vrolijk’s Visserij Maatschappij BV have integrated their activities in a new trade company: Cornelis Vrolijk BV. The sales offices of both companies remain on separate locations. No accounts for Cornelis Vrolijk BV have been released yet, so therefore the trading subsidiaries are discussed separately, using 2008 data. An overview of the corporate structure of the Cornelis Vrolijk/Jaczon group, including the subsidiaries mentioned above, is presented in Appendix 1. The Dutch vessel owning and fish trading subsidiaries are discussed below: 2.4.2 Cornelis Vrolijks Visserij Maatschappij Diepzee II BV Cornelis Vrolijks Visserij Maatschappij Diepzee II BV is based in IJmuiden and owns the vessel SCH 72 Frank Bonefaas. According to the annual report of 2006 of Cornelis Vrolijks Visserij Maatschappij Diepzee II, this vessel fishes in European waters. The subsidiary sells its fish to a sister company, probably Cornelis Vrolijks Visserij Maatschappij BV. In 2009, Cornelis Vrolijks Visserij Maatschappij Diepzee II BV realized a net profit of € 1.4 million. The net profit for 2008 was € 2.5 million. Revenues of the subsidiary are unknown. 45 2.4.3 Cornelis Vrolijks Visserij Maatschappij Diepzee IV BV Cornelis Vrolijks Visserij Maatschappij Diepzee IV BV is based in IJmuiden and owns the vessel SCH 81 Carolien. According to the company’s annual report of 2006, the vessel fishes solely in Mauritania. The subsidiary sells its fish to a sister company, probably Cornelis Vrolijks Visserij Maatschappij BV. In 2009, Cornelis Vrolijks Visserij Maatschappij Diepzee IV BV realized a profit of € 0.7 million, after four years of losses (2005: loss of € 3.1 million, 2006: loss of € 3.1 million, 2007: loss of € 0.2 million, 2008: loss of € 1.6 million). The revenues of the subsidiary are unknown. 46 -19-
Page 1 and 2: Company structures, financing and c
Page 3 and 4: Contents Summary ..................
Page 5 and 6: Summary This report provides inform
Page 7 and 8: Introduction The objective of this
Page 9 and 10: Vessel Flag Engine ROS 785 Helen Ma
Page 11 and 12: 1.4.2 Fladen Gronden BV Fladen Gron
Page 13 and 14: In addition, the company owns the v
Page 15 and 16: 1.5.7 Euro-Baltic Fischverarbeitung
Page 17 and 18: We therefore take a look firsts at
Page 19 and 20: Figure 1. Revenues from the sale of
Page 21: Chapter 2 Cornelis Vrolijk/Jaczon 2
Page 25 and 26: 2.4.9 Jaczon Visgroothandel BV Jacz
Page 27 and 28: Table 11 provides an overview of th
Page 29 and 30: • Vroko Star VI BV Netherlands 10
Page 31 and 32: In February 2009 the vessel SCH Ali
Page 33 and 34: Table 14 Revenues and profits of pr
Page 35 and 36: Chapter 4 Further research - fuel c
Page 37 and 38: Parlevliet en van der Plas Beheer B
Page 39 and 40: 100% 100% AZ Fisheries Holding BV (
Page 41 and 42: Appendix 3 Direct subsidiaries of J
Page 43 and 44: Appendix 5 Subsidiaries Willem van
Page 45 and 46: 26 Parlevliet & van der Plas BV,
Page 47: 80 Instituto Tecnológico Pesquero,

Company structures, financing and costs of Dutch ... - Greenpeace

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