MIRA
INFORM REPORT
|
Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VAN STRALEN PAPIER EN KUNSTSTOF B.V. |
|
|
|
|
Registered Office : |
Dalderhaag 15, 6136 KM Sittard |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
07.10.1974 |
|
|
|
|
Legal Form : |
BV Private Company Limited |
|
|
|
|
Line of Business : |
Sale, Wholesale and Trade of Old Materials like Scrap Metals, Waste
for Industrial Purposes. |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
Van Stralen Papier
En Kunststof B.V.
Dalderhaag 15
6136 KM SITTARD
Tel.:+31
(0)46-4582444
Fax.:+31
(0)46-4582377
Legal status
BV Private Company Ltd. acc. nat. law
Founded
07/10/1974 as Ltd.
Trade register
14027616
Capital
Nominal EUR 67.500,--
Issued and paid up EUR 13.500,--
Management
V.H. Parpart, born 07/01/1938, Frans
Erenslaan 3, 6164 JE GELEEN
Activity
Sale, wholesale and
trade of old materials like scrap metals, waste for industrial purposes.
Branch[es]:
-Van Stralen
Papier En Kunststof B.V,
Parallelweg 38 ,
6465 AA KERKRADE
Storage/Depot:
-Van Stralen
Papier en Kunststof BV,
Nieuwstadterweg 11, 6136 KN SITTARD
Staff
64 employees
Real
estate
The business
premises at the mentioned address is owned by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Parpart Holding BV,
Dalderhaag 15, 6136 KM SITTARD
Net result:
2006 Euro 368.327
2005 Euro (953.193)
2004 Euro 574.467
The
shareholders equity was as of:
31/12/2006 Euro 2.113.786
31/12/2005 Euro 1.542.477
31/12/2004 Euro 2.317.497
The working
capital was as of:
31/12/2006 Euro 764.809
31/12/2005 Euro (192.440)
31/12/2004 Euro 2.172.520
Website :
www.van-stralen.nl
Correspondence
address:
P.O. Box
875
NL- 6130
AW SITTARD
Banks
ABN-AMRO NV, Sittard, 57.83.41.107
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Van
Stralen Papier En Kunststof B.V.
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 1.762.621 1.400.737
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 1.762.621 1.400.737
Stock 1.604.834 1.850.248
Receivables 1.968.133 2.942.073
Shares 0 0
Liquid assets 14.017 43.092
Miscellaneous current assets 0 0
Total current assets 3.586.984 4.835.413
Shareholders
equity 1.542.477 2.113.786
Provisions 27.704 51.760
Long-term liabilities 0 0
Current liabilities 3.779.424 4.070.604
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 5.349.605 6.236.150
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 4.870.706 4.025.262
Operating profit -1.418.693 548.877
Balance financial P/L 27.148 -88.155
Net profit/loss 1] -1.391.545 460.722
Taxation -438.352 92.395
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -953.193 368.327
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 -953.193 368.327
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 28,8 33,9
Equity/outside
capital 40,5 51,3
LIQUIDITY
Current ratio 0,9 1,2
Acid test 0,5 0,7
RATES OF RETURN %
Total assets -26 7,4
Shareholders equity -90,2 21,8
Pre tax
margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital -192.440 764.809
Shareholders equity + Equalization acc. 1.542.477 2.113.786
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.21 |
|
UK Pound |
1 |
Rs.85.72 |
|
Euro |
1 |
Rs.67.92 |
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%)