MIRA INFORM REPORT

 

 

Report Date :           

05.04.2011

 

IDENTIFICATION DETAILS

 

Name :

LANSDOWNE CHEMICALS EUROPE B.V.

 

 

Registered Office :

Rivium Oostlaan 45 A, 2909LL Capelle aan den IJssel

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.07.2010

 

 

Date of Incorporation :

12.05.2005

 

 

Com. Reg. No.:

24375234

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of chemical raw materials and chemicals for industrial
application

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

€ 125.000

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Netherlands

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION    

 

Company name

Lansdowne Chemicals Europe B.V.

Tradename

Lansdowne Chemicals Europe B.V.

Address

Rivium Oostlaan 45 A

 

2909LL Capelle aan den IJssel

 

Netherlands

Mail address

Rivium Oostlaan 45 A

 

2909LL Capelle aan den IJssel

 

Netherlands

Telephone number

0102351040

Telefax number

0102887151

E-mail address

danny.schravemade@lansdownechemicals.nl

Website

www.lansdownechemicals.nl

 

 

CREDIT LIMIT

 

A credit of € 125.000 may be granted Normal

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

24375234

Registered in

Chamber of commerce Rotterdam

First registration

12-05-2005

Act of foundation

11-05-2005

Date of constitution

15-03-2005

Continuation date

11-05-2005

Last change in statutes

04-06-2010

 

 

Legal form

Besloten Vennootschap (Limited Company)

Place of constitution

Rotterdam

Capital

EUR 250.000

Issued capital

EUR 50.000

Paid up capital

EUR 50.000

 

NACE-code

Groothandel in chemische grondstoffen en chemicalien voor industriele

toepassing (51551)

(Wholesale of chemical raw materials and chemicals for industrial
application)

SBI-code

Groothandel in chemische grondstoffen en chemicalien voor industriele

 

toepassing (46751)

Formal objective

De Groothandel in chemicalien, grondstoffen, veevoeder, vitaminen en

 

Waterzuiveringsmiddelen

(The Wholesale chemicals, raw materials, feed, vitamins and
water treatment agents)

 

Employees                    Total: 11

 

Bookyear         2010                 2007

Number             11                     8

Change             37,50%

 

COMPANY STRUCTURE

 

Shareholder

Name: Lansdowne Chemicals PLC

 

Address: Winstons House Carterton, Oxfordshire OX18 3EZ, United Kingdom

 

Registered in: Companies Registration Office in Cardiff, United Kingdom with

 

registration number 01229506.

 

Only shareholder since: 11-05-2005

 

Bankers

Rabobank Netherlands

 

MANAGEMENT   

 

Management

R. Moss

 

Robert

 

Authorization: Jointly authorized

 

Position: Manager

 

Date appointed: 19-07-2005

 

Date of birth: 25-09-1968

 

G. Watkinson Yull

 

George

 

Authorization: Jointly authorized

 

Position: Manager

 

Date appointed: 19-07-2005

 

Date of birth: 22-12-1943

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 7.500

 

Quarter: 3 2010: 49 Average days

Quarter: 4 2010: 63 Average days

Quarter: 1 2011: 64 Average days

Quarter: 2 2011: 64 Average days

 

 

invoices

current quarter

2011 Q1

2010 Q4

2010 Q3

Total

61

100%

19.218

19.218

19.421

21.647

Within terms

18

23,2%

4.455

4.455

5.198

13.365

Delayed 0 - 30

43

76,8%

14.763

14.763

14.223

8.282

Delayed 31 - 60

 

 

 

 

 

 

Delayed 61 - 90

 

Delayed 91 – 120

 

Delayed 120+ days

 

FINANCIAL INFORMATION 

 

Publication financial statement

Annual accounts 2010 are published on 11-01-2011 (Broken accounting

year)

Annual accounts 2009 are published on 04-12-2009 (Broken accounting

year)

Annual accounts 2008 are published on 12-06-2009 (Broken accounting year)

Annual accounts 2007 are published on 21-09-2007 (Broken accounting

year)

Type of publication

Corporate

Publication

Steady

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

0,58

0,78

0,39

Current ratio

1,29

1,17

1,17

Nett workingcapital / Balance total

0,22

0,14

0,14

Capital and reserves / Balance total

0,16

0,18

0,18

Capital and reserves / Fixed assets

6,23

4,43

4,55

Solvency

0,19

0,21

0,21

Nett workingcapital

1.569.000

714.000

395.000

Capital and reserves

1.141.000

921.000

505.000

Change capital and reserves

23,89%

82,38%

128,51%

change short term liabilities

25,92%

81,97%

73,61%

 

Annual accounts The company is obligated to publish its annual accounts

 

Last annual accounts 2010

Tendency                      Upward

 

Tendency capital and reserves

1500K

 

1000K

 

 

 

 

 

500K

-

 

 

 

 

 

 

 

= ■—i ,  I-! ,

 

i

 

i

 

 

0

2006     2007     2003     2009 2010

Capital and reserves       2010 1.141.000

Total debt                      2010 6.037.000

Current ratio                  2010 1,29

Quick ratio                    2010 0,58

Nett workingcapital         2010 1.569.000

 

Profitability        Positive

Solvency           Positive

Liquidity            Sufficient          

 

Current- & Quickratio

 

 

Balance sheet

 

Currency in Euro

BALANCE

 

 

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-07-2010

31-07-2009

31-07-2008

Tangible assets

183.000

208.000

111.000

Fixed assets

183.000

208.000

111.000

Stocks and work in progress Accounts receivable

Liquid assets

Current assets

3.841.000

3.154.000

 

6.995.000

1.654.000

3.137.000

231.000

5.023.000

1.832.000 2.055.000

-1.125.000

2.763.000

Total assets

7.178.000

5.230.000

2.873.000

 

Capital and reserves

Long term liabilities

Other short term debts

Total short term debt

Total debt

1.141.000

611.000

5.426.000

5.426.000

6.037.000

921.000

 

4.309.000

4.309.000

4.309.000

505.000

 

2.368.000

2.368.000

2.368.000

Total Liabilities

7.178.000

5.230.000

2.873.000

 

 

History

 

Management                 Since 01-12-2010 manager Danny Schravemade out of office.

Since 04-06-2010 is Proxy Danny Schravemade out of office.

Since 15-09-2008 manager Douglas John Chaplin out of office.

Since 22-04-2008 manager Danny Schravemade, living in Krimpen aan den

IJssel appointed.

 

Modifications                 Since 4-6-2010 is de authorization van Manager Danny Schravemade gewijzigd.

Since 4-6-2010 statutes modified.

 

Company structure

 

Lansdowne Chemicals Europe B.V. (24375234)

Capelle aan den IJssel

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.