MIRA
INFORM REPORT
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Report Date : |
17.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
BYK-CERA B.V. |
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Registered Office : |
Danzigweg 23 7418 EN Deventer |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.08.1972 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Manufacture of Washing
Dispergions, Washing Emulsions and other Washing Solutions |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Good |
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Payment Behaviour : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name & address
Byk-Cera B.V.
Danzigweg 23
7418 EN DEVENTER
Tel.:+31
(0)570-678200
Fax.:+31
(0)570-678250
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
21/08/1972 as Ltd.
Trade
register
38016572
Capital
Nominal EUR 507.500,--
Issued and paid up EUR 101.500,--
Management
W.J. de Blok, born 13/03/1953, Burgemeester
A. Bontekoelaan 10, 7437 CR BATHEM
Roland Peter, born
13/03/1957, An der Lackfabrik 20, 4649 5 WESEL - DEUTSCHLAND
Activity
The manufacture of
washing dispergions, washing emulsions and other washing solutions.
Branch[es]:
-Byk-Cera Bv,
Koningsbergenstraat
5, 7418 ER DEVENTER
Trade name:
-Cera Chemie
Staff
80 employees
Turnover
Net turnover:
2006 Euro 39.247.762
2005 Euro 40.335.568
2004 Euro 39.077.597
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 2.403.752
2005 Euro 3.607.624
2004 Euro 3.459.771
The
shareholders equity was as of:
31/12/2006 Euro 29.351.669
31/12/2005 Euro 26.947.917
31/12/2004 Euro 23.404.421
The working
capital was as of:
31/12/2006 Euro 19.422.633
31/12/2005 Euro 16.612.850
31/12/2004 Euro 14.397.530
Parent
company
Byk-Chemie
GmbH, Wesel - Germany
registered
in Wesel under nr. HRB 0640.
General
website : www.byk-chemie.com
Import :
Germany, the USA and Japan
Export :
Europe and East Asia
Corrspondence
address:
Postbus 535
7400 AM
DEVENTER
The branch
location is not registered with the Chamber of Commerce;
both
locations are on the industrial zone Kloosterlanden.
Banks
Postbank, Arnhem, 00.28.90.158
ABN-AMRO NV, Deventer, 41.90.99.832
Mode
of paymenT
On average 5 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
A maximum credit limit of
EUR 500.000 is advised
The following financial data is retrieved from
the corporate balance sheet
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 2.003.092 1.665.621
Tangible assets 9.018.533 9.013.204
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 11.021.625 10.678.825
Stock 4.137.343 4.910.474
Receivables 12.876.431 15.621.013
Shares 319.922 0
Liquid assets 1.491.141 1.856.297
Miscellaneous current assets 0 0
Total current
assets 18.824.837 22.387.784
Shareholders
equity 26.947.917 29.351.669
Provisions 686.558 749.789
Long-term liabilities 0 0
Current liabilities 2.211.987 2.965.151
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 29.846.462 33.066.609
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 40.335.568 39.247.762
Other income 200.000 0
Total expenses 35.475.624 36.120.937
Operating profit 5.059.944 3.126.825
Balance financial P/L 212.520
286.275
Net profit/loss 1] 5.272.464 3.413.100
Taxation 1.611.562 1.050.613
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 3.660.902 2.362.487
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
3.607.624 2.403.752
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 90,3 88,8
Equity/outside capital 929,7 790,1
LIQUIDITY
Current ratio 8,5 7,6
Acid test 6,6 5,9
RATES OF RETURN %
Total assets 17,7 10,3
Shareholders
equity 19,6 11,6
Pre tax margin
% 13,1 8,7
Turnover rate 135,1 118,7
(x
1) (x 1)
-------------------- --------------------
Working capital 16.612.850 19.422.633
Shareholders
equity + Equalization acc. 26.947.917 29.351.669
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%)