MIRA INFORM REPORT

 

 

Report Date :

28.02.2011

 

IDENTIFICATION DETAILS

 

Name :

STAHL EUROPE B.V. 

 

 

Registered Office :

Sluisweg 10, 5145PE Waalwijk

 

 

Country :

Netherlands

 

 

Date of Incorporation :

18.04.1955

 

 

Com. Reg. No.:

18107581

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of paints

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

€ 100.000

 

 

Status :

Moderate

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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                          Stahl Europe B.V.

 

Tradename                                            Stahl Europe B.V.

 

Address                                                 Sluisweg 10

5145PE WAALWIJK Netherlands

 

Mail address                                          Postbus 31

5140AA WAALWIJK Netherlands

 

 

Telephone number                                  0416689111

 

Telefax number                                       0416344441

 

E-mail address                                       stahl.europe@stahl.com   

 

Website                                                                                                            www.stahl.com   

 

 

CREDIT LIMIT

 

Credit limit                                         A credit of € 100.000 may be granted

 

Specification credit limit                     The advised credit is based on the available payment experiences.

  Based on the annual account a lower credit would be adviced.

 

 

COMPANY INFORMATION

 

Handelsregisternummer                     18107581

 

Registered in                                                                                        Chamber of commerce Brabant

 

First registration                                 17-08-1955

 

Act of foundation                                18-04-1955

 

Date of constitution                            18-04-1955

 

Continuation date                               13-03-1973

 

Last change in statutes                      30-11-2004

 

Legal form                                         Besloten Vennootschap (Limited Company)

 

Place of constitution                          Waalwijk

 

 

Capital                                              204.300

 

Issued capital                                    49.940

 

Paid up capital                                   49.940

 

NACE-code                                       Manufacture of paints (2430)

 

SBI-code                                          Manufacture of paints, varnishes and similar coatings, printing ink a mastics (203)

Formal objective                                De fabricage van en de handel in chemische producten in het

bijzonder leerfinishproducten

 

(The manufacture of and trade in chemicals in the special leather finish products)

 

 

COMPANY STRUCTURE

 

Shareholder                                       Stahl Netherlands B.V.

Sluisweg 10

5145PE WAALWIJK Netherlands

KvK: 18065840

Active since: 16-01-2002

Percentage: 100.00%

 

 

Ultimate parent company                   Winvest Part 4 S.A.

990004854043

 

Holding company                               Stahl Netherlands B.V.

Sluisweg 10

5145PE WAALWIJK KvK: 18065840

Affiliated companies                           Stahl China B.V.

Sluisweg 10

5145PE WAALWIJK KvK: 17215284

 

Stahl Treasury B.V. Sluisweg 10

5145PE WAALWIJK KvK: 18065841

 

Stahl International B.V. Sluisweg 10

5145PE WAALWIJK KvK: 18132671

 

 

Liability declaration                           Stahl Group B.V. (34249327) Amstelplein 1

1096HA AMSTERDAM Declaration of agreement                                         Stahl Europe B.V. (18107581)

Sluisweg 10

5145PE WAALWIJK

Issue date: 26-11-2009

Bookyear: 2008

Bankers                                           ABN Amro Bankers NV Real estate                                                        Property owned

The real estate is checked at the land registration office

Object code: WAALWIJK A 1102

Owner: STAHL EUROPE BV Description: Sluisweg 10

 

 

 

MANAGEMENT

 

Management                                     Stahl Activities of holding companies B.V.

Sluisweg 10

5145PE WAALWIJK Netherlands

KvK: 34249320

Authorization: Fully authorized

Position: Manager

Date appointed: 25-07-2006

 

 

G. Borgart

Authorization: Fully authorized

Position: Manager

Date appointed: 06-03-2008

Date of birth: 24-03-1960

Other directorships:

- Manager: Radium Foam B.V. - MAASTRICHT (KvK: 14628841)

 

C.J.M. Daamen

Christiaan Johannes Maria Authorization: Limited authorization Position: Manager

Date appointed: 13-06-2008

Date of birth: 20-09-1958

 

 

F.W. Akkermans

Ferdinand Willem

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-1992

Date of birth: 17-10-1948

 

 

P. van den Berge

Pieter

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2007

Date of birth: 23-06-1963

 

 

R.J. Hamelink

Ronald Jean

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2008

Date of birth: 15-08-1964

 

 

 

B.J. Meijer

Ben Johan

Authorization: Limited authorization

Position: Proxy

Date appointed: 23-11-2009

Date of birth: 04-05-1976

 

 

A.A.M. Pulles

Adrianus Augustinus Marinus Authorization: Limited authorization Position: Proxy

Date appointed: 01-08-2006

Date of birth: 07-08-1964

 

E. Tessore

Enrico

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2006

Date of birth: 10-01-1971

 

 

H.J. Veenstra

Hendericus Jasper

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2007

Date of birth: 17-03-1977

 

 

J.A.J. Verboven

Josephus Anna Johannes Authorization: Limited authorization Position: Proxy

Date appointed: 01-02-2008

Date of birth: 26-07-1980

 

 

R.S.J.C. van Vliet

Ramon Sylvester Johannes Corne Authorization: Limited authorization Position: Proxy

Date appointed: 01-08-2006

Date of birth: 24-06-1975

 

 

PAYMENT INFORMATION

 

Payment experiences                        According to terms

 

Payments                                         Based on multiple payment experiences up to € 50.000

 

 

Quarter: 2 2010: 51 Average days Quarter: 3 2010: 51 Average days Quarter: 4 2010: 47 Average days Quarter: 1 2011: 49 Average days

 

 

 

invoices

current quarter

2010 Q4

2010 Q3

2010 Q2

 

Total

 

223

 

100%

 

392.402

 

435.417

 

434.626

 

434.607

 

Within terms

 

128

 

74,4%

 

292.003

 

239.280

 

214.947

 

202.780

Delayed 0 - 30

84

18,3%

71.758

196.137

215.272

229.623

Delayed 31 - 60

11

7,3%

28.641

 

4.407

2.204

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Annual accounts                                The published financial information is the consolidated group

                                           information.

 

Tendency                                               Declining

Profitability                                            Negative

Solvency                                               Negative

Liquidity                                      limited

 

 

 

COMPANY STRUCTURE

 

Winvest Part 4 S.A.

(990004854043)

 

Winvest Part B.V.

(34374023) AMSTERDAM

Subsidiary (100%)

 

Stahl Activities of holding companies B.V.

(34249320) WAALWIJK

Subsidiary (100%)

 

Stahl Netherlands B.V.

(18065840) WAALWIJK

Subsidiary

 

Stahl China B.V.

(17215284) WAALWIJK

Subsidiary (100%)

 

Stahl Treasury B.V.

(18065841) WAALWIJK

Subsidiary (100%)

 

Stahl Europe B.V.

(18107581) WAALWIJK

Subsidiary (100%)

 

Stahl International B.V.

(18132671) WAALWIJK

Subsidiary (100%)

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.25

Euro

1

Rs.62.68

 

 

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.