MIRA
INFORM REPORT
|
Report Date : |
24.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
DELAMINE B.V. |
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Registered Office : |
Barchman Wuytierslaan, 10, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.04.1976 |
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|
Legal Form : |
Private Limited Liability Company (BV) with Ordinary Structure |
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Line of Business : |
Manufacture of Other Organic Basic Chemicals |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 1,400,000 |
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|
|
|
Status : |
Very Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
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Company Name |
Delamine B.V. |
|
Chamber of Commerce Number |
02321186 |
|
Street |
Barchman Wuytierslaan |
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House Number |
10 |
|
City |
|
|
Postal Code |
3818LH |
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Phone |
033 4676897 |
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Incorporated Date |
01-04-1976 |
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Company Type |
Private limited liability company (BV) with ordinary structure |
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|
|
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MAILING ADDRESS
DETAILS |
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Street |
Postbus |
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House Number |
473 |
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City |
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Postal Code |
3800AL |
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CREDIT
INFORMATION SUMMARY |
||
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Credit Limit (€) |
1,400,000 |
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|
Purchase Limit (€) |
20,300,000 |
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PAYMENT
EXPECTATIONS SUMMARY |
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|
Suspension of Payments / Mora |
No |
|
Payment Expectation Days |
37.95 |
|
Day Sales Outstanding |
48.96 |
|
Industry Average Payment Expectation Days |
36.95 |
|
Industry Average Day Sales Outstanding |
51.26 |
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|
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COURT DATA
SUMMARY |
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Court Action |
No |
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Type |
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HOLDING COMPANY
DETAILS |
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Company Name |
No |
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DIRECTOR |
|
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Director |
Z.A. Kroese |
Company
Information
|
COMPANY DETAILS |
|
|
Chamber of Commerce Number |
02321186 |
|
Company Name |
Delamine B.V. |
|
Trading Name |
Delamine B.V. |
|
Street |
Barchman Wuytierslaan |
|
House Number |
10 |
|
City |
|
|
Postal Code |
3818LH |
|
Phone |
033 4676897 |
|
Office Type |
Main Office |
|
Date Registered Address |
01-04-1976 |
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Incorporated Date |
01-04-1976 |
|
Web Address |
www.delamine.nl |
|
Last Accounts Date |
31-12-2007 |
|
Company Status |
ACTIVE |
|
Filing Accounts Date |
23-05-2008 |
|
Company Type |
Private limited liability company (BV) with ordinary structure |
|
Activity Description |
Manufacture of other organic basic chemicals |
|
Activity Code |
24142 |
|
Commenced Trading Date |
05-05-1976 |
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Ceased Trading Date |
-- |
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Exporter |
|
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Importer |
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Currency |
EURO (€) |
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|
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|
CAPITAL DETAILS |
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Nominal Capital |
18,151,208 |
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Placed Capital |
11,798,285 |
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Deposited Capital |
11,798,285 |
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|
|
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EMPLOYEE DETAILS |
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Number Of Employees |
0 |
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DIRECTOR |
|
|
Director |
Z.A. Kroese |
Accounts
& Ratios
|
Period |
|||||
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Accounts End Date |
31-12-2007 |
changes |
31-12-2006 |
changes |
31-12-2005 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
Consolidated Accounts |
N |
|
N |
|
N |
|
Profit & Loss |
|||||
|
Turnover |
101,708,000 |
16.1% |
87,600,000 |
5.2% |
83,274,000 |
|
Total Operating Expenses |
89,773,000 |
15.9% |
77,473,000 |
4.9% |
73,858,000 |
|
Operating Result |
11,935,000 |
17.9% |
10,127,000 |
7.6% |
9,416,000 |
|
Total Financial Income |
- |
- |
- |
- |
- |
|
Total Financial Expenses |
488,000 |
120.8% |
221,000 |
53.5% |
144,000 |
|
Results on Ordinary Operations Before Tax |
11,447,000 |
15.6% |
9,906,000 |
6.8% |
9,272,000 |
|
Taxation |
2,917,000 |
-0.4% |
2,929,000 |
0.3% |
2,920,000 |
|
Results on Ordinary Operations After Tax |
8,530,000 |
22.3% |
6,977,000 |
9.8% |
6,352,000 |
|
Extraordinary Items |
- |
- |
-9,000 |
- |
- |
|
Net Result |
8,530,000 |
22.4% |
6,968,000 |
9.7% |
6,352,000 |
|
Other Information |
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- Employee Costs |
- |
- |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
- |
- |
|
- Amortization & Depreciation |
- |
- |
- |
- |
- |
|
BALANCE SHEET |
|||||
|
Accounts End Date |
31-12-2007 |
- |
31-12-2006 |
- |
31-12-2005 |
|
Weeks |
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
Consolidated Accounts |
N |
|
N |
|
N |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
- Goodwill |
0 |
- |
0 |
- |
0 |
|
- Other Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Assets |
17,297,000 |
3.5% |
16,716,000 |
12.6% |
14,841,000 |
|
- Land And Buildings |
677,000 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
13,681,000 |
- |
0 |
- |
0 |
|
- Other Tangible Fixed Assets |
2,939,000 |
-82.4% |
16,716,000 |
12.6% |
14,841,000 |
|
Financial Fixed Assets |
0 |
- |
0 |
- |
0 |
|
- Investments In Group Company |
0 |
- |
0 |
- |
0 |
|
- Recievables From Group Company |
0 |
- |
0 |
- |
0 |
|
- Other Financial Assets |
0 |
- |
0 |
- |
0 |
|
Fixed Assets |
17,297,000 |
3.5% |
16,716,000 |
12.6% |
14,841,000 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
703,000 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
4,971,000 |
- |
0 |
- |
0 |
|
- Other Stocks |
0 |
- |
0 |
- |
0 |
|
Receivables |
18,466,000 |
17.5% |
15,719,000 |
13.4% |
13,856,000 |
|
- Trade Debtors |
13,643,000 |
14.2% |
11,945,000 |
6.7% |
11,197,000 |
|
- Group Accounts |
0 |
- |
0 |
- |
0 |
|
- Cash |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Assets |
4,823,000 |
27.8% |
3,774,000 |
41.9% |
2,659,000 |
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Total Current Assets |
28,089,000 |
19.0% |
23,605,000 |
11.5% |
21,169,000 |
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Current Liabilities |
|||||
|
- Trade Creditors |
9,334,000 |
-18.3% |
11,421,000 |
-2.8% |
11,756,000 |
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- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
19,644,000 |
- |
0 |
- |
0 |
|
- Payments Received On Account |
0 |
- |
0 |
- |
0 |
|
- Taxation |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
2,248,000 |
-85.2% |
15,208,000 |
57.1% |
9,679,000 |
|
Total Current Liabilities |
31,226,000 |
17.3% |
26,629,000 |
24.2% |
21,435,000 |
|
Long Term Debts |
|||||
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
0 |
- |
0 |
- |
0 |
|
Shareholders Equity |
|||||
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Issued Share Capital |
11,798,000 |
0.0% |
11,798,000 |
0.0% |
11,798,000 |
|
Share Premium Account |
0 |
- |
0 |
- |
0 |
|
Reserves |
530,000 |
- |
0 |
- |
0 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Legal & Statutory Reserves |
0 |
- |
0 |
- |
0 |
|
Other Share Capital & Reserves |
1,383,000 |
0.0% |
1,383,000 |
-42.7% |
2,414,000 |
|
Minority Interests |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
13,711,000 |
4.0% |
13,181,000 |
-7.3% |
14,212,000 |
|
Working Capital |
-3,137,000 |
-3.7% |
-3,024,000 |
-1,036.8% |
-266,000 |
|
Net Worth |
13,711,000 |
4.0% |
13,181,000 |
-7.3% |
14,212,000 |
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|
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RATIOS ANALYSIS |
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Trading Performance |
|||||
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Results on Ordinary Operations before Tax
Profit Margin |
0.11 |
0.0% |
0.11 |
0.0% |
0.11 |
|
Return On Capital Employed |
0.83 |
10.7% |
0.75 |
15.4% |
0.65 |
|
Return On Total Assets Employed |
0.25 |
0.0% |
0.25 |
-3.8% |
0.26 |
|
Return On Net Assets Employed |
0.81 |
12.5% |
0.72 |
12.5% |
0.64 |
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Sales net Working Capital |
- |
- |
- |
- |
- |
|
Operating Efficiency |
|||||
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Stock Turnover Ratio |
0.09 |
0.0% |
0.09 |
0.0% |
0.09 |
|
Debtor Days |
48.96 |
-1.6% |
49.77 |
1.4% |
49.08 |
|
Creditor Days |
37.95 |
-29.5% |
53.81 |
-7.4% |
58.10 |
|
Short Term Stability |
|||||
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Current Ratio |
0.90 |
1.1% |
0.89 |
-10.1% |
0.99 |
|
Liquidity Ratio |
0.59 |
0.0% |
0.59 |
-9.2% |
0.65 |
|
Current Debt Ratio |
2.28 |
12.9% |
2.02 |
33.8% |
1.51 |
|
Long Term Stability |
|||||
|
Gearing |
143.27 |
- |
0 |
- |
0 |
|
Equity In Percentage |
30.21 |
-7.6% |
32.69 |
-17.2% |
39.47 |
|
Total Debt Ratio |
1.43 |
- |
0 |
- |
0 |
Payment
Expectations
|
SUSPENSION OF
PAYMENTS / MORATORIUM HISTORY |
|
|
Date |
|
|
Details |
|
|
|
|
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
37.95 |
|
Day Sales Outstanding |
48.96 |
|
|
|
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INDUSTRY
COMPARISON |
|
|
Activity Code |
2414 |
|
Activity Description |
Manufacture of other organic basic chemicals |
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Industry Average Day Sales Outstanding |
51.26 |
|
Industry Average Payment Expectation Days |
36.95 |
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|
|
|
INDUSTRY
QUARTILE ANALYSIS |
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|
Payment
Expectation Days |
|
|
Payment Expectations - Lower |
27.84 |
|
Payment Expectations - Median |
47.60 |
|
Payment Expectations - Upper |
65.82 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
19.07 |
|
Day Sales Outstanding – Median |
36.58 |
|
Day Sales Outstanding – Upper |
41.29 |
Shareholder
Details
|
Holding Company (100%) |
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Company Name |
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House Number |
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Street |
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City |
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Postal Code |
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Subsidaries (100%) |
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No subsidaries for this company. |
Court
Data
|
Identification Details |
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Company Name |
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Trade Name |
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Chamber of Commerce Number |
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Street |
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City |
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Country |
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Post Code |
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Facts |
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Court Action |
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Details |
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Annulment (if applicable) |
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Date of Annulment |
-- |
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Dates |
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Enunciation Date |
-- |
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Voting Date |
-- |
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Receiver Details (if bankruptcy) |
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Name |
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Title |
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Gender |
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Street |
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City |
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Country |
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Post Code |
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Industry Details |
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Activity Description |
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Activity Code |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.99 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.68.44 |
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%)