MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ARCUS NEDERLAND B.V. |
|
|
|
|
Registered Office : |
Nijverheidstraat, Dordrecht 4 3316AP |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
01.03.1981 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (BV) with Ordinary Structure |
|
|
|
|
Line of Business : |
Wholesale of Ferrous Metals and Ferrous Semi-Finished Products |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
|
|
Company Name |
Arcus Nederland B.V. |
|
Chamber of Commerce Number |
24338907 |
|
Street |
Nijverheidstraat |
|
House Number |
4 |
|
City |
DORDRECHT |
|
Postal Code |
3316AP |
|
Phone |
078 6483648 |
|
Incorporated Date |
01-03-1981 |
|
Company Type |
Private limited liability company (BV) with ordinary structure |
|
Mailing Address Details |
|
|
Street |
Postbus |
|
House Number |
846 |
|
City |
DORDRECHT |
|
Postal Code |
3300AV |
|
PAYMENT
EXPECTATIONS SUMMARY |
|
|
Suspension of Payments / Mora |
No |
|
Payment Expectation Days |
25.24 |
|
Day Sales Outstanding |
45.03 |
|
Industry Average Payment Expectation Days |
29.10 |
|
Industry Average Day Sales Outstanding |
51.74 |
|
COURT DATA
SUMMARY |
|
|
Court Action |
No |
|
Type |
|
|
HOLDING COMPANY
DETAILS |
|
|
Company Name |
No |
|
|
|
|
DIRECTOR |
|
|
Director |
|
Company
Information
|
COMPANY DETAILS |
|
|
Chamber of
Commerce Number |
24338907 |
|
Company Name |
Arcus Nederland B.V. |
|
Trading Name |
Arcus Nederland B.V. |
|
Street |
Nijverheidstraat |
|
House Number |
4 |
|
City |
DORDRECHT |
|
Postal Code |
3316AP |
|
Phone |
078 6483648 |
|
Office Type |
Main Office |
|
Date Registered Address |
01-03-1981 |
|
Incorporated Date |
01-03-1981 |
|
Web Address |
|
|
|
|
|
Last Accounts Date |
31-12-2007 |
|
Company Status |
ACTIVE |
|
Filing Accounts Date |
01-08-2008 |
|
Company Type |
Private limited liability company (BV) with ordinary structure |
|
|
|
|
Activity Description |
Wholesale of ferrous metals and ferrous semi-finished products |
|
Activity Code |
51522 |
|
Commenced Trading Date |
22-08-2002 |
|
Ceased Trading Date |
-- |
|
Exporter |
|
|
Importer |
|
|
Currency |
EURO (€) |
|
CAPITAL DETAILS |
|
|
Nominal Capital |
250,000 |
|
Placed Capital |
50,000 |
|
Deposited Capital |
50,000 |
|
EMPLOYEE DETAILS |
|
|
Number Of Employees |
30 |
|
DIRECTOR |
|
|
Director |
|
Accounts
& Ratios
|
PERIOD |
|||||
|
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 |
28,662,370 |
- |
- |
- |
- |
|
Total Operating Expenses |
25,357,755 |
- |
- |
- |
- |
|
Operating Result |
3,304,615 |
47.7% |
2,237,886 |
171.4% |
824,668 |
|
Total Financial Income |
9,908 |
-54.4% |
21,738 |
- |
- |
|
Total Financial Expenses |
466,496 |
35.2% |
345,097 |
- |
- |
|
Results on Ordinary Operations Before Tax |
2,848,027 |
48.8% |
1,914,527 |
201.4% |
635,287 |
|
Taxation |
733,572 |
28.2% |
572,140 |
185.9% |
200,115 |
|
Results on Ordinary Operations After Tax |
2,114,455 |
57.5% |
1,342,387 |
208.5% |
435,172 |
|
Extraordinary Items |
- |
- |
838 |
- |
- |
|
Net Result |
2,114,455 |
57.4% |
1,343,225 |
208.7% |
435,172 |
|
Other Information |
|||||
|
- Employee Costs |
1,550,830 |
- |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
- |
- |
|
- Amortization & Depreciation |
238,615 |
- |
- |
- |
- |
|
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 |
677,486 |
-11.6% |
766,709 |
23.0% |
623,327 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
0 |
- |
0 |
- |
0 |
|
- Other Tangible Fixed Assets |
677,486 |
-11.6% |
766,709 |
23.0% |
623,327 |
|
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 |
677,486 |
-11.6% |
766,709 |
23.0% |
623,327 |
|
|
|||||
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
0 |
- |
0 |
- |
0 |
|
Receivables |
4,141,647 |
-21.8% |
5,295,813 |
12.7% |
4,697,076 |
|
- Trade Debtors |
3,536,080 |
-16.0% |
4,208,290 |
-10.4% |
4,697,076 |
|
- Group Accounts |
0 |
- |
0 |
- |
0 |
|
- Cash |
9,002 |
-96.3% |
241,180 |
80.5% |
133,607 |
|
- Miscellaneous Current Assets |
605,567 |
-44.3% |
1,087,523 |
- |
0 |
|
Total Current Assets |
11,102,397 |
1.8% |
10,902,985 |
20.6% |
9,040,902 |
|
|
|||||
|
Current Liabilities |
|||||
|
- Trade Creditors |
1,753,201 |
-18.0% |
2,137,838 |
- |
0 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
|
- Payments Received On Account |
0 |
- |
0 |
- |
0 |
|
- Taxation |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
4,563,971 |
10.0% |
4,148,253 |
-25.8% |
5,592,083 |
|
Total Current Liabilities |
6,317,172 |
0.5% |
6,286,091 |
12.4% |
5,592,083 |
|
Long Term Debts |
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
80,929 |
-34.5% |
123,602 |
-20.4% |
155,362 |
|
Total Long Term Debts |
80,929 |
-34.5% |
123,602 |
-20.4% |
155,362 |
|
Shareholders Equity |
|||||
|
Issued Share Capital |
50,000 |
0.0% |
50,000 |
0.0% |
50,000 |
|
Share Premium Account |
2,487,049 |
0.0% |
2,487,049 |
0.0% |
2,487,049 |
|
Reserves |
2,114,455 |
57.4% |
1,343,225 |
208.7% |
435,172 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Legal & Statutory Reserves |
0 |
- |
0 |
- |
0 |
|
Other Share Capital & Reserves |
722,952 |
-47.6% |
1,379,727 |
46.1% |
944,563 |
|
Minority Interests |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
5,374,456 |
2.2% |
5,260,001 |
34.3% |
3,916,784 |
|
|
|||||
|
Working Capital |
4,785,225 |
3.6% |
4,616,894 |
33.9% |
3,448,819 |
|
Net Worth |
5,374,456 |
2.2% |
5,260,001 |
34.3% |
3,916,784 |
|
|
|||||
|
RATIOS ANALYSIS |
|||||
|
Trading
Performance |
|||||
|
Results on Ordinary Operations before Tax
Profit Margin |
0.10 |
- |
- |
- |
- |
|
Return On Capital Employed |
0.52 |
44.4% |
0.36 |
125.0% |
0.16 |
|
Return On Total Assets Employed |
0.24 |
50.0% |
0.16 |
128.6% |
0.07 |
|
Return On Net Assets Employed |
0.53 |
47.2% |
0.36 |
125.0% |
0.16 |
|
Sales net Working Capital |
- |
- |
- |
- |
- |
|
Operating
Efficiency |
|||||
|
Stock Turnover Ratio |
0.24 |
- |
- |
- |
- |
|
Debtor Days |
45.03 |
- |
- |
- |
- |
|
Creditor Days |
25.24 |
- |
- |
- |
- |
|
Short Term
Stability |
|||||
|
Current Ratio |
1.76 |
1.7% |
1.73 |
6.8% |
1.62 |
|
Liquidity Ratio |
0.66 |
-25.0% |
0.88 |
2.3% |
0.86 |
|
Current Debt Ratio |
1.18 |
-1.7% |
1.20 |
-16.1% |
1.43 |
|
Long Term
Stability |
|||||
|
Gearing |
1.51 |
-35.7% |
2.35 |
-40.8% |
3.97 |
|
Equity In Percentage |
45.62 |
1.2% |
45.07 |
11.2% |
40.53 |
|
Total Debt Ratio |
0.02 |
0.0% |
0.02 |
-50.0% |
0.04 |
|
INDUSTRY COMPARISON
|
|
|
Activity Code |
5152 |
|
Activity Description |
Wholesale of metals and metal ores |
Payment
Expectations
|
Suspension of Payments / Moratorium History |
|
|
Date |
|
|
Details |
|
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
25.24 |
|
Day Sales Outstanding |
45.03 |
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
5152 |
|
Activity Description |
Wholesale of metals and metal ores |
|
INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment
Expectation Days |
|
|
Payment Expectations - Lower |
30.51 |
|
Payment Expectations - Median |
43.82 |
|
Payment Expectations - Upper |
62.87 |
|
|
|
|
Day
Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
8.61 |
|
Day Sales Outstanding - Median |
17.90 |
|
Day Sales Outstanding - Upper |
42.68 |
Shareholder
Details
|
HOLDING COMPANY
(100%) |
|
|
Company Name |
Arcus Holding B.V. |
|
House Number |
4 |
|
Street |
Nijverheidstraat |
|
City |
DORDRECHT |
|
Postal Code |
3316AP |
|
Subsidaries (100%) |
|
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) |
|
|
Date of Annulment |
-- |
|
DATES |
|
|
Enunciation Date |
-- |
|
Voting Date |
-- |
|
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.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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%)