MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Delamine B.V. |
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Registered Office : |
Barchman Wuytierslaan 10, 3818 Lh Amersfoort |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01/04/1976 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture
of and trade in industrial products, especially in the field of chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow by average 40 days |
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Litigation : |
Clear |
name & address
Delamine B.V.
Barchman
Wuytierslaan 10
3818 LH AMERSFOORT
Tel.:+31
(0)33-4676897
Fax.:+31
(0)33-4676891
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
01/04/1976, Ltd. since
05/05/1976
Trade
register
02321186
Capital
nominal EUR 18.151.208,--
issued and
paid up EUR 11.798.285,--
Management
Z.A. Kroese, born 23/07/1946,
Jhr. Molleruslaan 43, 7316 AS APELDOORN
Activity
Manufacture of and
trade in industrial products, especially in the field of chemicals.
Branch[es]
-Delamine
B.V.,
Oosterhorn 8,
9936 HD FARMSUM
Staff
100 employees
Turnover
Net turnover:
2006 Euro 87.600.000
2005 Euro 82.805.000
2004 Euro 78.542.000
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 6.968.000
2005 Euro 6.352.000
2004 Euro 6.397.000
The shareholders equity was as of:
31/12/2006 Euro 13.181.000
31/12/2005 Euro 14.212.000
31/12/2004 Euro 14.860.000
The working capital was as of:
31/12/2006 Euro (3.024.000)
31/12/2005 Euro (266.000)
31/12/2004 Euro 298.000
Shareholders:
-Akzo Nobel
Chemicals, the Netherlands
- Tosoh
Corporation - Japan
The
correspondence address as suggested by you is of the Akzo Nobel office in Amersfoort.
Website : www.delamine.com
Correspondence address:
Postbus 473
3800 AL AMERSFOORT
Banks
ABN-AMRO NV, Groningen,
54.02.49.319
VAT-nr.
NL003209751B13
Mode
of payment
On average 40 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
In view of the
financial situation, we recommend you to follow the company s future
developments.
The following financial data is retrieved from the
corporate balance sheet of :
Delamine B.V.
Barchman
Wuytierslaan 10, 3818 LH AMERSFOORT
Trade register 02321186
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Delamine B.V. *** BALANCE SHEET ***
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 14.841 16.716
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 14.841 16.716
Stock 7.313 7.886
Receivables 13.856 15.719
Shares 0 0
Liquid assets 0 0
Miscellaneous current assets 0 0
Total current
assets 21.169 23.605
Shareholders
equity 14.212 13.181
Provisions 363 511
Long-term liabilities 0 0
Current liabilities 21.435 26.629
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 36.010 40.321
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Delamine B.V. *** PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 82.805 87.600
Other income 469 0
Total expenses 73.858 77.473
Operating profit 9.416 10.127
Balance financial P/L -144 -230
Net profit/loss 1] 9.272 9.897
Taxation 2.920 2.929
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 6.352 6.968
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 6.352 6.968
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Legend : 1]
= Before tax
2]
= After tax
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Delamine
B.V. *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 39,5 32,7
Equity/outside
capital 65,2 48,6
LIQUIDITY
Current
ratio 1 0,9
Acid
test 0,6 0,6
RATES
OF RETURN %
Total
assets 25,7 24,5
Shareholders equity 65,2 75,1
Pre
tax margin % 11,2 11,3
Turnover
rate 230 217,3
(x 1.000) (x 1.000)
-------------------- - -------------------
Working
capital -266 -3.024
Shareholders equity + Equalization acc. 14.212 13.181
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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. |
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%)