MIRA
INFORM REPORT
|
Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
Schmolz + Bickenbach B.V. |
|
|
|
|
Registered Office : |
Gildenweg 21, 3334 Kc Zwijndrecht |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
11/10/1954 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale business in white and automation steel, alloyed and
non alloyed Construction steel, tool steels, non ferrous steel bars, sheets and
tubes, welding pieces, non ferrous and heat resistant foundry steel and cold
pressed profiles. |
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 : |
25 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Schmolz + Bickenbach B.V.
Gildenweg 21
3334 KC ZWIJNDRECHT
Tel. : +31 (0)78-6230600
Fax.: +31 (0)78-6101030
Legal status
BV Private Company Ltd. acc. nat. law
Founded
11/10/1954, Ltd. since 26/01/1972
Trade register
23042855
Capital
nominal EUR 113.445,--
issued and paid up EUR 22.689,--
Management
M. Storm, born 05/03/1951, Max Planckstrasse
6, 40237 DÜSSELDORF-Germany
J.D. Den Hollander, born 04/07/1959, Zeedijk
15, 3329 LC DORDRECHT
Z. Baas, born 01/04/1977, Peperstraat 8,
2969 AX OUD ALBLAS
Activity
Wholesale business in white and automation steel, alloyed and
non alloyed Construction steel, tool steels, non ferrous steel bars, sheets and tubes, welding
pieces, non ferrous and heat resistant foundry steel and cold pressed profiles.
Warehouse:
-Schmolz & Bickenbach,
Scheepmakerstraat 12, 3334 KJ ZWIJNDRECHT
Staff
49 employees
Net turnover:
2006 Euro 70.987.005
2005 Euro 53.012.488
2004 Euro 50.936.904
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
Remarks
Net result:
2006 Euro 5.101.899
2005 Euro 1.197.951
2004 Euro 2.543.712
The shareholders equity was as of:
31/12/2006 Euro 22.376.367
31/12/2005 Euro 17.274.468
31/12/2004 Euro 16.181.160
The working capital was
as of:
31/12/2006 Euro 18.508.988
31/12/2005 Euro 13.797.096
31/12/2004 Euro 13.052.700
Parent company 100% :
Schmolz & Bickenbach Beteiligungen GmbH,
Eupenerstrasse 70, 40549 Düsseldorf -
Ultimate parent company:
S + B AG, Emmenbrücke -
Website : www.schmolz-bickenbach.nl
E-mail:sbstaal@schmolz-bickenbach.nl
Correspondence address:
Postbus 298
3330 AG ZWIJNDRECHT
Banks
Postbank, 00.06.38.000
Rabobank, 37.75.30.565
VAT-nr.
NL001884116B01
Mode of payment
On average 25 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Schmolz +
Bickenbach B.V.
Gildenweg 21, 3334
KC ZWIJNDRECHT
Trade register 23042855
----------------------------------------------------------------------------
Schmolz
+ Bickenbach B.V. *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 9.038.814 9.235.176
Financial
assets 76.240 110.510
Miscellaneous
fixed assets 0 0
Total fixed assets 9.115.054 9.345.686
Stock 10.087.664 18.465.923
Receivables 7.760.402 12.338.776
Shares 0 0
Liquid
assets 55.154 2.769
Miscellaneous
current assets 0 0
Total current assets 17.903.220 30.807.468
Shareholders equity 17.274.468 22.376.367
Provisions 336.878 508.259
Long-term
liabilities 5.300.804 4.970.048
Current
liabilities 4.106.124 12.298.480
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 27.018.274 40.153.154
----------------------------------------------------------------------------
Schmolz
+ Bickenbach B.V. *** PROFIT & LOSS ACCOUNT ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 53.012.488 70.987.005
Other
income 0 0
Total
expenses 50.814.196 63.252.980
Operating
profit 2.198.292 7.734.025
Balance
financial P/L -481.471 -464.952
Net
profit/loss 1] 1.716.821 7.269.073
Taxation 518.870 2.167.174
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 1.197.951 5.101.899
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 1.197.951 5.101.899
----------------------------------------------------------------------------
Legend
: 1] = Before tax
2] = After tax
----------------------------------------------------------------------------
Schmolz
+ Bickenbach B.V. *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 63,9 55,7
Equity/outside
capital 177,3 125,9
LIQUIDITY
Current
ratio 4,4 2,5
Acid
test 1,9 1
RATES
OF RETURN %
Total
assets 6,4 18,1
Shareholders equity 9,9 32,5
Pre
tax margin % 3,2 10,2
Turnover
rate 196,2 176,8
(x 1) (x 1)
-------------------- --------------------
Working
capital 13.797.096 18.508.988
Shareholders equity + Equalization acc. 17.274.468 22.376.367
----------------------------------------------------------------------------
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)