MIRA INFORM REPORT
|
Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BYK-CERA B.V. |
|
|
|
|
Registered Office : |
Danzigweg 23, Deventer, 7418 EN |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
21.08.1972 |
|
|
|
|
Com. Reg. No.: |
380165720000 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
Wholesale Distribution of chemicals and allied products |
|
|
|
|
No. of Employees
: |
106 persons |
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 : |
No Complaints |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Netherlands |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Byk-Cera B.V.
Danzigweg 23
Deventer, 7418 EN
Netherlands
Tel: 31 570 67 82 00
Fax: 31 570 67 82 50
Web: www.bykcera.com
Synthesis
Employees: 106
Company Type: Private Subsidiary
Corporate Family: 54
Companies
Ultimate Parent: Skion GmbH
Incorporation Date:
21-Aug-1972
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 79.9
Total Assets: 65.4
Business Description
BYK-CERA B.V. is
primarily engaged in the wholesale distribution of chemicals and allied
products, not elsewhere classified, such as acids, industrial and heavy
chemicals, dyestuffs, industrial salts, rosin, and turpentine.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1832 - Pesticide
Manufacturing
NACE 2002: 2420 - Manufacture
of pesticides and other agro-chemical products
NAICS 2002: 3253 - Pesticide,
Fertilizer, and Other Agricultural Chemical Manufacturing
UK SIC 2003: 2420 - Manufacture
of pesticides and other agro-chemical products
US SIC 1987: 5169 - Chemicals and
Allied Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Wilhelmus De Blok |
Managing director |
|
D. Davelaar |
Sales manager |
|
C. Koop |
EDP manager |
|
A. Ten Dam |
Purchasing manager |
|
Danielle Damhuis |
Member of the board |
Registered No.(NLD): 380165720000
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Danzigweg 23
Deventer, 7418 EN
Netherlands
Tel: 31 570 67 82 00
Fax: 31 570 67 82 50
Web: www.bykcera.com
Sales EUR(mil): 57.5
Assets EUR(mil): 45.6
Employees: 106
Fiscal Year End: 31-Dec-2009
Industry: Chemical Manufacturing
Incorporation Date: 21-Aug-1972
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(NLD): 380165720000
Managing director: Wilhelmus
De Blok
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1832 - Pesticide Manufacturing
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
2420 - Manufacture of pesticides and other agro-chemical products
NAICS 2002 Codes:
4246 - Chemical and Allied Products Merchant Wholesalers
3253 - Pesticide, Fertilizer, and Other Agricultural Chemical
Manufacturing
US SIC 1987:
516 - Chemicals and Allied Products
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
2420 - Manufacture of pesticides and other agro-chemical products
5155 - Wholesale of chemical products
Business
Description
BYK-CERA B.V. is
primarily engaged in the wholesale distribution of chemicals and allied
products, not elsewhere classified, such as acids, industrial and heavy
chemicals, dyestuffs, industrial salts, rosin, and turpentine.
More Business
Descriptions
Printing Ink Manufacturing
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Total Corporate Family Members: 54 |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Bad Homburg, Hessen |
Germany |
Commercial Banks |
|
3 |
|
|
|
Subsidiary |
Wesel |
Germany |
Chemical Manufacturing |
2,033.4 |
4,937 |
|
|
|
Subsidiary |
Wesel, Nordrhein-Westfalen |
Germany |
Commercial Banks |
875.0 |
4,384 |
|
|
|
Subsidiary |
Collecchio, Parma |
Italy |
Fabricated Plastic and Rubber |
48.2 |
70 |
|
|
|
Subsidiary |
Wesel, Nordrhein-Westfalen |
Germany |
Commercial Banks |
|
7 |
|
|
|
Subsidiary |
Lehrte, Niedersachsen |
Germany |
Chemical Manufacturing |
1.0 |
4,789 |
|
|
|
Subsidiary |
Shunde Region, Foshan City, Guangdong |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Grevenbroich |
Germany |
Chemical Manufacturing |
57.0 |
130 |
|
|
|
Subsidiary |
Bremen, Bremen |
Germany |
Fabricated Plastic and Rubber |
57.7 |
114 |
|
|
|
Subsidiary |
Glaire |
France |
Chemical Manufacturing |
20.7 |
45 |
|
|
|
Subsidiary |
Wesel |
Germany |
Miscellaneous Fabricated Products |
300.6 |
|
|
|
|
Subsidiary |
Wesel |
Germany |
Chemical Manufacturing |
445.0 |
670 |
|
|
|
Subsidiary |
Geretsried, Bayern |
Germany |
Scientific and Technical Instruments |
1.0 |
145 |
|
|
|
Subsidiary |
Deventer, Overijssel |
Netherlands |
Chemical Manufacturing |
79.9 |
106 |
|
|
|
Branch |
Osaka |
Japan |
Chemical Manufacturing |
1.0 |
100 |
|
|
|
Branch |
Tokyo |
Japan |
Chemical Manufacturing |
1.0 |
20 |
|
|
|
Subsidiary |
Schkopau, Sachsen-Anhalt |
Germany |
Chemical Manufacturing |
|
20 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
12 |
|
|
|
Subsidiary |
Nanjing |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Xuhui District, Shanghai |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Maharashtra |
India |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Kyunghi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
|
|
|
Branch |
Taoyuan |
Taiwan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Pune |
India |
Chemicals - Plastics and Rubber |
56.4 |
255 |
|
|
|
Subsidiary |
Lincolnton, NC |
United States |
Chemical Manufacturing |
34.0 |
150 |
|
|
|
Subsidiary |
Lehrte |
Germany |
Chemical Manufacturing |
1.0 |
100 |
|
|
|
Subsidiary |
O Covelo, Pontevedra |
Spain |
Chemical Manufacturing |
13.4 |
39 |
|
|
|
Subsidiary |
Bremen |
Germany |
Miscellaneous Fabricated Products |
1.0 |
|
|
|
|
Subsidiary |
Cinnaminson, NJ |
United States |
Paper and Paper Products |
36.9 |
55 |
|
|
|
Subsidiary |
Fürth |
Germany |
Miscellaneous Capital Goods |
|
|
|
|
|
Branch |
Fürth |
Germany |
Fabricated Plastic and Rubber |
|
1,300 |
|
|
|
Subsidiary |
Rivanazzano |
Italy |
Chemical Manufacturing |
1.0 |
70 |
|
|
|
Subsidiary |
Uden |
Netherlands |
Miscellaneous Fabricated Products |
|
4 |
|
|
|
Subsidiary |
Wanchai, Wanchai |
Hong Kong |
Chemical Manufacturing |
1.0 |
|
|
|
|
Subsidiary |
Wackersdorf |
Germany |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Wesel |
Germany |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Ascoli Piceno, Ascoli Piceno |
Italy |
Chemical Manufacturing |
115.1 |
135 |
|
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Fabricated Plastic and Rubber |
1.0 |
130 |
|
|
|
Subsidiary |
Tongling, Anhui |
China |
Miscellaneous Capital Goods |
|
65 |
|
|
|
Subsidiary |
Zhuhai |
China |
Electronic Instruments and Controls |
29.0 |
47 |
|
|
|
Subsidiary |
Tongling |
China |
Chemical Manufacturing |
51.8 |
|
|
|
|
Subsidiary |
Estado de São Paulo, Estado de São Paulo |
Brazil |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Harbour Industrial District, Guangdong |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Rivanazzano, Pavia |
Italy |
Miscellaneous Capital Goods |
33.3 |
67 |
|
|
|
Subsidiary |
St Ouen |
France |
Miscellaneous Capital Goods |
16.7 |
7 |
|
Executive report
|
Board of
Directors |
|
|
|
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Sales manager |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|||
|
Member of the board |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
Managing director |
Managing Director |
|
|||
|
Managing director |
Managing Director |
|
|||
|
Sales manager |
Sales Executive |
|
|||
|
EDP manager |
Information Executive |
|
|||
|
Purchasing manager |
Purchasing Executive |
|
Annual Profit & Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Net sales |
79.9 |
60.9 |
58.3 |
|
Cost of goods sold |
49.0 |
45.0 |
43.0 |
|
Cost of sales |
49.0 |
45.0 |
43.0 |
|
Gross profit |
30.9 |
15.9 |
15.3 |
|
Total payroll costs |
8.3 |
6.5 |
5.9 |
|
Change in value of fixed assets arising from revaluation |
6.8 |
2.7 |
- |
|
Other operating costs |
9.4 |
2.2 |
4.8 |
|
Net operating income |
6.4 |
4.5 |
4.6 |
|
Total financial income |
- |
1.1 |
0.7 |
|
Total expenses |
0.0 |
- |
- |
|
Profit before tax |
6.4 |
5.7 |
5.3 |
|
Profit on ordinary activities after tax |
3.8 |
4.2 |
4.1 |
|
Other taxes |
-0.4 |
-0.1 |
0.1 |
|
Total taxation |
2.6 |
1.4 |
1.2 |
|
Profit after tax |
3.8 |
4.2 |
4.1 |
|
Net profit |
4.1 |
4.3 |
4.0 |
Annual Balance
Sheet
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
Other reserves |
50.7 |
44.5 |
42.8 |
|
Profit brought forward from previous year(s) |
4.3 |
4.1 |
4.2 |
|
Total stockholders equity |
55.1 |
48.8 |
47.1 |
|
Provisions and allowances |
2.6 |
0.4 |
0.9 |
|
Trade creditors |
3.5 |
1.1 |
2.2 |
|
Total current liabilities |
7.7 |
28.4 |
4.3 |
|
Total liabilities (including net worth) |
65.4 |
77.6 |
52.3 |
|
Intangibles |
19.9 |
1.1 |
1.8 |
|
Total tangible fixed assets |
18.4 |
15.2 |
13.0 |
|
Total asset investment |
- |
25.5 |
0.2 |
|
Total non-current assets |
38.3 |
41.8 |
15.0 |
|
Net stocks and work in progress |
7.4 |
6.7 |
7.0 |
|
Trade debtors |
10.0 |
5.8 |
8.6 |
|
Other receivables |
8.9 |
20.7 |
19.5 |
|
Total receivables |
18.9 |
26.5 |
28.1 |
|
Cash and liquid assets |
0.9 |
2.6 |
2.2 |
|
Total current assets |
27.1 |
35.8 |
37.3 |
|
Total assets |
65.4 |
77.6 |
52.3 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
Current ratio |
3.50 |
1.30 |
8.60 |
|
Acid test ratio |
2.60 |
1.00 |
7.00 |
|
Current liabilities to net worth |
0.22% |
0.60% |
0.10% |
|
Fixed assets to net worth |
1.09% |
0.88% |
0.33% |
|
Collection period |
44.20 |
36.80 |
50.60 |
|
Stock turnover rate |
11.20 |
8.60 |
8.80 |
|
Sales to net working capital |
4.30 |
7.80 |
1.90 |
|
Asset turnover |
1.26% |
0.75% |
1.19% |
|
Profit margin |
0.08% |
0.09% |
0.09% |
|
Return on assets |
0.10% |
0.07% |
0.11% |
|
Shareholders' return |
0.19% |
0.11% |
0.13% |
|
Sales per employee |
532.11 |
484.39 |
484.26 |
|
Profit per employee |
42.43 |
45.18 |
44.25 |
|
Return on capital |
0.11% |
0.11% |
0.12% |
|
Average wage per employee |
55.04 |
51.50 |
49.33 |
|
Net worth |
35.2 |
47.7 |
45.3 |
|
Number of employees |
108 |
86 |
88 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.