MIRA INFORM REPORT
|
Report Date : |
20.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CPH CHEMICALS B.V. |
|
|
|
|
Registered Office : |
Amsterdamseweg 204 A, 1182HL
Amstelveen |
|
|
|
|
Country : |
Netherlands |
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|
|
|
Financials (as on) : |
31.12.2008 |
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|
|
|
Date of Incorporation : |
12.05.2000 |
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|
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Com. Reg. No.: |
34120752 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesale of chemical raw materials and chemicals for industrial application |
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 : |
€ 25.000 |
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|
|
|
Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
CPH
Chemicals B.V. |
|
Tradename |
CPH Chemicals B.V. |
|
Address |
Amsterdamseweg 204 A |
|
|
1182HL Amstelveen |
|
|
Netherlands |
|
Mail address |
Amsterdamseweg 204 A |
|
|
1182HL Amstelveen |
|
|
Netherlands |
|
Telephone number |
0204260900 |
|
Telefax number |
0204260901 |
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E-mail address |
|
|
Website |
|
|
VAT number |
808564043 |
CREDIT LIMIT
|
Credit limit |
A credit of € 25.000 may be
granted |
COMPANY INFORMATION
|
Handelsregisternummer |
34120752 |
|
Registered in |
Chamber of commerce Amsterdam |
|
First registration |
12-05-2000 |
|
Act of foundation |
10-02-2000 |
|
Date of constitution |
01-08-1999 |
|
Continuation date |
10-02-2000 |
|
Last change in statutes |
17-04-2001 |
|
Legal form |
Besloten Vennootschap (Limited
Company) |
|
Place of constitution |
Amsterdam |
|
Capital |
EUR 90.756,04 |
|
Issued capital |
EUR 18.151,21 |
|
Paid up capital |
EUR 18.151,21 |
NACE-code Groothandel in chemische grondstoffen
en chemicalien voor industriele
toepassing
(51551)
(Wholesale of chemical raw materials and chemicals for
industrial application
(51551)
SBI-code Groothandel in chemische grondstoffen
en chemicalien voor industriele
toepassing
(46751)
(Wholesale of chemical raw materials and chemicals for
industrial application
(46751))
Formal objective De (internationale)handel in
chemicalien, grondstoffen en mineralen
(The (international) trade
in chemicals,
raw materials and minerals).
|
Employees
according to CoC |
Chamber of commerce: 14 |
|
|
|
Bookyear |
2011 |
2008 |
2007 |
|
Number |
|
14 |
13 |
|
Change |
-100,00% |
7,69% |
8,33% |
COMPANY STRUCTURE
|
Shareholder |
CPH Chemicals Holding B.V. |
|
|
Amsterdamseweg 204 |
|
|
1182HL AMSTELVEEN |
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|
Netherlands |
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|
KvK: 34231241 |
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|
Active since: 05-09-2005 |
|
|
Percentage: 100.00% |
|
Ultimate parent company |
CPH Chemicals Charitable Priva |
|
|
990004999994 |
|
Holding company |
CPH Chemicals Holding B.V. |
|
|
Amsterdamseweg 204 |
|
|
1182HL AMSTELVEEN |
|
|
KvK: 34231241 |
|
Affiliated companies |
Global Wind Power B.V. |
|
|
Amsterdamseweg 204 |
|
|
1182HL AMSTELVEEN |
|
|
KvK: 34140019 |
|
|
Fibre Shipping and Consultancy
B.V. |
|
|
Amsterdamseweg 204 |
|
|
1182HL AMSTELVEEN |
|
|
KvK: 34157842 |
Bankers ABN Amro Bankers NV
Rabobank
Netherlands
MANAGEMENT
Management A. Shabi
Aboed
Authorization:
Fully authorized
Position: General director
Date appointed: 10-02-2000
Date of birth: 29-03-1962
PAYMENT INFORMATION
Payment experiences Payments are regular
Payments Based on multiple payment
experiences up to € 7.500
Quarter: 4 2010: 63 Average
days
Quarter: 1 2011: 54 Average
days
Quarter: 2 2011: 70 Average
days
Quarter: 3 2011: 68 Average
days
|
|
invoices |
current quarter |
2011 Q2 |
2011 Q1 |
2010 Q4 |
|
|
Total |
44 |
100% |
15.133 |
14.828 |
16.747 |
15.700 |
|
Within terms |
12 |
21,7% |
3.281 |
2.316 |
8.490 |
4.052 |
|
Delayed 0 - 30 |
|
76,0% |
11.500 |
12.090 |
8.257 |
11.648 |
|
Delayed 31 - 60 |
2 |
2,3% |
352 |
422 |
|
|
|
Delayed 61 - 90 Delayed
91 - 120 |
|
|
|
|
|
|
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Delayed 120+ days |
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|
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|
FINANCIAL INFORMATION
|
Auditor |
PricewaterhouseCoopers |
|
Publication financial statement |
Annual accounts 2008 are
published on 16-03-2010 |
|
|
Annual accounts 2007 are
published on 26-09-2008 |
|
Type of publication |
Corporate |
|
Publication |
Although the statutory deadline,
the company's annual documents are not yet |
|
|
published in the register of the
Chamber of Commerce. |
CORE FIGURES
|
BOOKYEAR |
2008 |
2007 |
2006 |
|
Quick ratio |
0,81 |
1,05 |
0,84 |
|
Current ratio |
1,64 |
1,67 |
1,47 |
|
Nett workingcapital / Balance
total |
0,38 |
0,40 |
0,31 |
|
Capital and reserves / Balance
total |
0,41 |
0,36 |
0,33 |
|
Capital and reserves / Fixed
assets |
15,67 |
36,30 |
21,50 |
|
Solvency |
0,69 |
0,61 |
0,49 |
|
Nett workingcapital |
4.415.000 |
7.363.000 |
3.936.000 |
|
Capital and reserves |
4.716.000 |
6.680.000 |
4.128.000 |
|
Change capital and reserves |
-29,40% |
61,82% |
|
|
change short term liabilities |
-37,16% |
30,07% |
|
|
Nett Turnover |
96.722.000 |
|
75.262.000 |
|
Operating profit |
5.112.000 |
2.986.000 |
3.273.000 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual accounts Although the statutory deadline, the company's annual documents are not yet
published in the register of the Chamber of Commerce.
|
Last annual accounts |
2008 |
|
|
Type of publication |
Corporate |
|
|
Turnover |
2008: |
95.588.000 |
|
|
2006: |
74.574.000 |
|
Gross profit |
2006: |
10.581.000 |
|
|
2005: |
4.931.000 |
|
Operating profit |
2008: |
5.112.000 |
|
|
2007: |
2.986.000 |
|
|
2006: |
3.273.000 |
|
|
2005: |
2.767.000 |
|
Result after taxes |
2008: |
4.113.000 |
|
|
2007: |
2.433.000 |
|
|
2006: |
2.730.000 |
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|
2005: |
1.534.000 |
Tendency Not to be judged because
of the absence of sufficient financial information
Capital and reserves 2008 4.716.000
Total debt 2008 6.863.000
Current ratio 2008 1,64
Quick ratio 2008 0,81
Nett workingcapital 2008 4.415.000
Profitability Not to be judged
Solvency Not to be judged
Liquidity Based on payment
experiences the liquidity can be described as positive
Current-
& Quickratio
Currency
in Euro
BALANCE
sheet
|
BOOKYEAR |
2008 |
2007 |
2006 |
|
End of bookyear |
31-12-2008 |
31-12-2007 |
31-12-2006 |
|
Tangible assets |
159.000 |
184.000 |
159.000 |
|
Financial assets |
142.000 |
0 |
33.000 |
|
Fixed assets |
301.000 |
184.000 |
192.000 |
|
|
|||
|
Stocks and work in progress |
5.753.000 |
6.794.000 |
5.319.000 |
|
Accounts receivable |
5.461.000 |
10.804.000 |
6.293.000 |
|
Liquid assets |
65.000 |
686.000 |
125.000 |
|
Other current assets |
|
|
595.000 |
|
Current assets |
11.278.000 |
18.284.000 |
12.332.000 |
|
Total assets |
11.579.000 |
18.468.000 |
12.524.000 |
|
|
|||
|
Capital and reserves |
4.716.000 |
6.680.000 |
4.128.000 |
|
Trade debts suppliers |
3.061.000 |
7.542.000 |
4.535.000 |
|
Other short term debts |
3.802.000 |
3.380.000 |
3.862.000 |
|
Total short term debt |
6.863.000 |
10.921.000 |
8.396.000 |
|
Other liabilities |
|
867.000 |
|
|
Total debt |
6.863.000 |
11.788.000 |
8.396.000 |
|
Total Liabilities |
11.579.000 |
18.468.000 |
12.524.000 |
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|||
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PROFIT & LOSS ACCOUNT |
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|
|
|
BOOKYEAR |
2008 |
2007 |
2006 |
|
Turnover |
95.588.000 |
|
74.574.000 |
|
Other operating income |
1.133.000 |
97.012.000 |
689.000 |
|
Nett Turnover |
96.722.000 |
|
75.262.000 |
|
Cost of sales |
|
86.331.000 |
63.993.000 |
|
Gross profit |
|
|
10.581.000 |
|
Wages employees |
1.501.000 |
1.220.000 |
1.114.000 |
|
Sales costs |
|
122.000 |
148.000 |
|
Depreciation and amortization |
73.000 |
|
|
|
Raw materials |
88.920.000 |
|
|
|
Other operating charges |
1.116.000 |
6.353.000 |
3.972.000 |
|
Operating charges |
91.610.000 |
94.026.000 |
2.762.000 |
|
Operating profit |
5.112.000 |
2.986.000 |
3.273.000 |
|
Financial income |
611.000 |
550.000 |
618.000 |
|
Financial charges |
210.000 |
341.000 |
344.000 |
|
Financial result |
401.000 |
209.000 |
273.000 |
|
Result participations |
6.000 |
-1.000 |
|
|
Result before taxes |
5.519.000 |
3.194.000 |
3.547.000 |
|
Income taxes |
1.406.000 |
761.000 |
817.000 |
|
Result after taxes |
4.113.000 |
2.433.000 |
2.730.000 |
|
Nett result |
4.113.000 |
2.433.000 |
2.730.000 |
Company structure
·
CPH
Chemicals Charitable Priva (990004999994)
·
CPH
Chemicals Holding B.V. (34231241)
AMSTELVEEN
Subsidiary (100%)
·
CPH
Chemicals B.V. (34120752) Amstelveen
Subsidiary (100%)
·
Global
Wnd Power B.V. (34140019)
AMSTELVEEN
Subsidiary (100%)
·
Fibre
Shipping and Consultancy B.V. (34157842)
AMSTELVEEN Subsidiary (100%)
Description creditscore:
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.71.62 |
|
Euro |
1 |
Rs.62.78 |
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.