MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Rucanor Europe B.V. |
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Registered Office : |
Hoogeveenenweg 110, 2913 Lv Nieuwerkerk Ad Ijssel |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
01/01/1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade, storage and distribution of all types of good, also promotional and marketing activities and financing of companies. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name & address
Rucanor Europe B.V.
Hoogeveenenweg 110
2913 LV NIEUWERKERK AD IJSSEL
Tel. :+31 (0)180-331700
Fax.:+31 (0)180-320821
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/01/1991, Ltd. since 31/07/1991
Trade register
29036686
Capital
nominal EUR 90.000,--
issued and paid up EUR 45.000,--
Management
-BV Camee Beheers- en
Beleggingsmaatschappij,
Platteweg 83, 2811 NA REEUWIJK
D.V. Sijmonsma, born 07/03/1963, Sterkenburg
34, ALPHEN AD RIJN
Raimo Mark Diehl, born 16/03/1966,
Rozenstraat 6, BADHOEVEDORP
Commissioner
C.J.C. van Rijswijk, born 12/05/1948,
Platteweg 83, REEUWIJK
E.M. Spetter, born 27/04/1951, Herengracht
7, MAARSSEN
Activity
Trade, storage and distribution of all types of good, also promotional and marketing activities and financing of companies.
Trade name:
-Snauwaert
Staff
109 employees
from the consolidated balance sheet of BV
Camee Beheers- en Beleggingsmaatschappij
2004 Euro 38.765.000
2003 Euro 44.424.000
Real estate
The business premises at the mentioned address has been rented by the company, as far as we know.
See balance sheet
The last available balance sheet is
attached.
A more recent balance sheet is not
available.
Remarks
Subsidiary company of
-BV Camee Beheers- en Beleggingsmaatschappij,
Platteweg 83, 2811 NA REEUWIJK
Subsidiary[ies]:
-BV Rucanor,
Hoogeveenenweg 110, 2913 LV NIEUWERKERK AD IJSSEL
The next financial data is extracted from the consolidated balance sheet of 'BV Camee Beheers- en Beleggingsmaatschappij'
Consolidated net result:
2004 Euro (318.000)
2003 Euro 1.769.000
The shareholders equity was as of:
31/12/2004 Euro 7.302.000
31/12/2003 Euro 7.620.000
The working capital was as of:
31/12/2004 Euro 7.166.000
31/12/2003 Euro 7.981.000
A declaration of liability has been issued by BV Camee Beheers- en Beleggingsmaatschappij. Latter mentioned did not file the balance sheet of 2005 yet.
Correspondence address:
Postbus 256
2910 AG NIEUWERKERK aan den IJSSEL
Foreign subsidairies:
RUCANOR NV, (065%)
RUCANOR BELGIUM BVBA, (065%)
RUCANOR GMBH, (065%)
Website : www.rucanor.com
Banks
ABN-AMRO NV, Rotterdam
Mode of payment
On average 5 days beyond terms.
Credit demand
No objections against entering into a business relationship.
A credit of EUR 0 is deemed
admissible
The following financial data is retrieved from the consolidated balance sheet of :
BV Camee Beheers- en Beleggingsmaatschappij
Platteweg, 2811NA REEUWIJK
Trade register 29028587
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BV Camee Beheers-
en Beleggingsmaatschappij *** BALANCE SHEET ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Intangible assets 0 0
Tangible assets 1.212.000 966.000
Financial assets 0 0
Miscellaneous fixed
assets 0 0
Total fixed assets 1.212.000 966.000
Stock 9.220.000 7.263.000
Receivables 6.579.000 6.072.000
Shares 0 0
Liquid assets 1.056.000 475.000
Miscellaneous
current assets 0 0
Total current assets 16.855.000 13.810.000
Shareholders equity 7.620.000 7.302.000
Provisions 362.000 830.000
Long-term
liabilities 1.211.000 0
Current liabilities 8.874.000 6.644.000
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 18.067.000 14.776.000
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BV Camee Beheers-
en Beleggingsmaatschappij *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Turnover 44.424.000 38.765.000
Other income 2.568.000 0
Total expenses 43.864.000 38.642.000
Operating profit 3.128.000 123.000
Balance financial
P/L -222.000 -293.000
Net profit/loss 1] 2.906.000 -170.000
Taxation 383.000 110.000
Share in P/L of
subsidiaries -754.000 -38.000
Net profit/loss 2] 1.769.000 -318.000
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub. companies
2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 1.769.000 -318.000
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Legend : 1] = Before tax
2] = After
tax
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BV Camee Beheers-
en Beleggingsmaatschappij
*** FINANCIAL RATIOS ***
-----2003----- -----2004-----
EQUITY %
Equity gearing 42,2 49,4
Equity/outside
capital 72,9 97,7
LIQUIDITY
Current ratio 1,9 2,1
Acid test 0,9 1
RATES OF RETURN %
Total assets 16,1 -1,2
Shareholders equity 38,1 -2,3
Pre tax margin % 6,5 -0,4
Turnover rate 245,9 262,4
(x 1) (x 1)
-------------------- --------------------
Working capital 7.981.000 7.166.000
Shareholders equity + Equalization acc. 7.620.000 7.302.000
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)