MIRA INFORM REPORT
|
Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
NOXON STAINLESS B.V. |
|
|
|
|
Registered Office : |
Vossenbeemd 51, 5705CL Helmond |
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|
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|
Country : |
Netherlands |
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|
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|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17. 09.1991 |
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Com. Reg. No.: |
17069403 |
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|
Legal Form : |
Limited Company |
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|
|
|
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 |
|
Maximum Credit Limit : |
€ 150.000 |
|
Status : |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Netherlands |
a2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CONTACTINFORMATION
|
Company name |
Noxon
Stainless B.V. |
|
Tradename |
Noxon Stainless B.V. |
|
Address |
Vossenbeemd 51 |
|
|
5705CL Helmond |
|
Mail address |
Postbus 6096 |
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|
5700ET HELMOND |
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Netherlands |
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Telephone number |
0492-582111 |
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Telefax number |
0492-538970 |
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E-mail address |
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|
Website |
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VAT number |
NL008537343B01 |
CREDIT LIMIT
Credit limit A credit of € 150.000 may
be granted De kredietlimiet is to beneden aangepast.
Increased
COMPANY INFORMATION
Handelsregisternummer 17069403
Registered in Chamber of commerce
Brabant
First registration 17- 09-1991
Act of foundation 18- 07-1991
Date of constitution 21-06-1990
Continuation date 18-07-1991
Last change in statutes 18-06-1998
Legal form Besloten Vennootschap (Limited
Company)
Place of constitution Helmond
Capital 4.537.802,16
Issued capital 2.631.925,25
Paid up capital 2.631.925,25
NACE-code Wholesale
of ferrous metals and ferrous semi-finished products (51522)
SBI-code Wholesale of ferrous metals and
ferrous semi-finished products (46722)
Formal objective Groothandel in roestvrijstalen
halffabrikaten en aanverwante artikelen
(Wholesale stainless steel
semi-finished products and related items)
Employees Total: 79
Bookyear 2009 2008 2007
Number 79 64 48
Change 23,44% 33,33% -2,04%
COMPANY STRUCTURE
|
Shareholder |
Cotubel SA/N .V. |
|
|
Brussel |
|
|
Active since: 18-07-1991 |
|
|
Percentage: 100.00% |
|
Shareholder |
Name: IMS International Metal
Service SA |
|
|
Address: 5 Esplanade Ch.de Gaulle, Immeuble, Le Carr.92733, Nanterre,
France |
|
|
Registered in: Registre du
commerce in Nanterre, France with registration |
|
|
number 311361489. |
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|
Only shareholder since: 23-12-2008 |
|
Holding company |
IMS International Metal service |
|
|
Le Carr |
|
|
92733 Nanterre |
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|
990004679734 |
Bankers
GE Artesia Bankers
|
Real estate |
Lease |
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Object code: HELMOND F 419 |
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|
Owner: BEHEERMAATSCHAPPIJ A. VAN
BUSSEL BV |
MANAGEMENT
Management A.C.E. van der
Heijden
Antonius
Cornelis Elisabeth
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 17-09-2008
Date of
birth: 20-10-1960
P.G. Brun
Position:
Commissaris
Date
appointed: 11-06-2007
Date of
birth: 07-11-1960
P.M. Le Daeron Pierre-Yves Marie
Position: Commissaris
Date appointed: 11-06-2007
Date of birth: 11-07-1958
A. Buis Arie
Authorization: Limited authorization (max: € 500.000)
Position: Proxy
Date appointed: 15-12-2008
Date
of birth: 11-01-1956
L.G.A.
Honings
Leon
Gerardus Antonius
Authorization:
Limited authorization (max: € 250.000)
Position:
Proxy
Date
appointed: 01-05-2010
Date
of birth: 18-06-1974
P.C.
Kom Peter Christiaan
Authorization:
Limited authorization (max: € 250.000)
Position:
Proxy
Date
appointed: 15-12-2008
Date
of birth: 22-12-1980
C.N.
van Lieshout
Cornelis
Nicolaas
Authorization:
Limited authorization (max: € 500.000)
Position:
Proxy
Date
appointed: 01-05-2010
Date
of birth: 13-03-1970
A.M.
Dallau
Aloysius
Maria Resigned
5761
CL
Position:
Manager
Date
appointed: 01-07-1992
Date
of birth: 30-03-1948
Other
directorships:
-
Proxy: Dacapo Stainless B.V. - Helmond (KvK: 27320333)
H.M.
Biancarelli
Male
Resigned
Rue
du General Foy 34 75008 Paris France
Position:
Commissaris
Date
appointed: 11-06-2007
Date
of birth: 12-10-1959
P.Y.M.
le Daeron Male
Resigned
Quai
General Sarrail 13
Lyon
6E (69)
France
Position:
Commissaris
Date
appointed: 11-06-2007
Date
of birth: 11-07-1958
W.F.E.
Hartman Male
Resigned
Am Spick 24 40668 Meerbusch Germany
Position:
Commissaris
Date
appointed: 11-06-2007
Date
of birth: 12-10-1984
S.C.E.
van der Heijden
Male
Resigned
Dokter
Rauppstraat 55 5571 CD Bergeijk
Position:
Commissaris
Date
appointed: 11-06-2007
Date
of birth: 20-10-1960
Comm.
Dir. W.O.A. van Grinsven
Female
Resigned
Bolle
Akkers 8
5491
NT Sint-Oedenrode
Authorization:
Jointly authorized
Position:
Proxy
Date
appointed: 01-01-1998
Date
of birth: 16-12-1961
T.J.J.M
van Welij Male
Resigned
Heggeroosstraat
19
5761
GJ Bakel
Position:
Proxy
Date
appointed: 01-01-1998
Date
of birth: 14-05-1963
PAYMENT INFORMATION
Payment experiences Payments are regular, no complaints are known
Payments Based on
multiple payment experiences up to € 50.000
Quarter: 3 2010: 67 Average days
Quarter: 4 2010: 52 Average days
Quarter: 1 2011: 50 Average days
Quarter: 2 2011: 48 Average days
|
|
invoices |
current quarter |
2011 Q1 |
2010 Q4 |
2010 Q3 |
||||||||
|
Total |
130 |
100% |
223.815 |
223.854 |
224.007 |
233.831 |
|||||||
|
Within terms |
70 |
56,5% |
126.412 |
142.214 |
130.927 |
99.324 |
|||||||
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Delayed 0 – 30 |
50 |
43,5% |
97.403 |
77.480 |
81.907 |
90.762 |
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||||||
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Delayed 31 – 60 |
4 |
0,0% |
|
|
2.616 |
20.926 |
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||||||
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Delayed 61 - 90 |
4 |
0,0% |
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|
8.557 |
22.819 |
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||||||
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Delayed 91 - 120 |
1 |
0,0% |
|
1.664 |
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|
||||||
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Delayed 120+ days |
1 |
0,0% |
|
2.496 |
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|
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FINANCIAL INFORMATION
|
Auditor |
Ernst & Young Accountants LLP |
|
|
Eindhoven |
|
Publication financial statement |
Annual accounts 2009 are published
on 25-01-2011 |
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|
Annual accounts 2008 are published
on 15-02-2010 |
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|
Annual accounts 2007 are published
on 08-08-2008 |
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Type of publication |
Corporate |
|
Publication |
Publication according to
obligations by law |
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CORE FIGURES |
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|
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|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Quick ratio |
0,52 |
0,71 |
0,49 |
|
Current ratio |
1,52 |
2,16 |
1,56 |
|
Nett workingcapital / Balance
total |
0,31 |
0,47 |
0,32 |
|
Capital and reserves / Balance
total |
0,34 |
0,51 |
0,35 |
|
Capital and reserves / Fixed
assets |
3,33 |
4,22 |
3,11 |
|
Solvency |
0,56 |
1,13 |
0,57 |
|
Nett workingcapital |
5.271.656 |
9.147.172 |
7.576.763 |
|
Capital and reserves |
5.823.458 |
9.870.344 |
8.388.581 |
|
Change capital and reserves |
-41,00% |
17,66% |
35,00% |
|
change short term liabilities |
28,01% |
-41,87% |
10,26% |
|
Nett Turnover |
24.404.364 |
45.134.615 |
|
|
Operating profit |
-5.657.761 |
-283.134 |
3.596.625 |
|
Profitability operating profit |
negative |
negative |
positive |
Annual accounts The company is obligated
to publish its annual accounts
Last annual accounts 2009
Type of publication Consolidated
Turnover Gross profit 2007:54.633.000
2006:12.450.000
2005 : 7.081.000
Operating profit 2007: 4.096.000
2006:4.617.000
2005:862.000
Result after taxes 2007 : 2.467.000
2006:2.913.000
2005:388.000
Tendency Declining
BALANCE SHEET
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
End of bookyear |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Tangible assets |
1.607.705 |
2.016.888 |
1.886.644 |
|
Financial assets |
138.720 |
322.293 |
806.502 |
|
Fixed assets |
1.746.425 |
2.339.181 |
2.693.146 |
|
|
|||
|
Stocks and work in progress |
10.095.983 |
11.439.330 |
14.467.782 |
|
Trade debtors |
3.081.994 |
5.019.800 |
6.290.977 |
|
Tax receivables |
2.113.846 |
185.050 |
235.015 |
|
Other amounts receivable |
33.276 |
|
|
|
Accounts receivable |
5.229.116 |
5.204.850 |
6.525.992 |
|
Liquid assets |
21.935 |
61.753 |
36.553 |
|
Other current assets |
|
312.049 |
86.594 |
|
Current assets |
15.347.034 |
17.017.982 |
21.116.921 |
|
Total assets |
17.093.459 |
19.357.163 |
23.810.067 |
|
|
|||
|
Capital and reserves |
5.823.458 |
9.870.344 |
8.388.581 |
|
Provisions |
620.719 |
789.084 |
605.714 |
|
Debts to related companies |
326.494 |
|
|
|
Long term liabilities |
326.494 |
826.925 |
1.275.614 |
|
Trade debts suppliers |
3.806.501 |
4.018.167 |
5.613.410 |
|
Pension obligations |
|
29.645 |
42.257 |
|
Debts to credit institutions |
3.402.371 |
3.185.986 |
7.180.933 |
|
Short term interest yielding debt |
238.145 |
|
|
|
Taxes, remuneration &
soc.security |
717.646 |
287.725 |
305.435 |
|
Debts to related companies |
1.910.234 |
|
|
|
Other short term debts |
481 |
349.287 |
398.123 |
|
Total short term debt |
10.075.378 |
7.870.810 |
13.540.158 |
|
Other liabilities |
247.410 |
|
|
|
Total debt |
11.270.001 |
9.486.819 |
15.421.486 |
|
Total Liabilities |
17.093.459 |
19.357.163 |
23.810.067 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Turnover |
|
45.134.615 |
|
|
Nett Turnover |
24.404.364 |
45.134.615 |
|
|
Cost of sales |
22.065.250 |
37.915.469 |
|
|
Gross profit |
2.339.114 |
7.219.146 |
11.317.963 |
|
Wages employees |
3.158.721 |
2.261.294 |
2.173.980 |
|
Social securities |
353.901 |
172.140 |
284.847 |
|
Pension costs |
198.110 |
348.420 |
273.448 |
|
Depreciation and amortization |
416.988 |
407.921 |
493.485 |
|
Other operating charges |
3.869.155 |
4.312.505 |
4.495.578 |
|
Operating charges |
7.996.875 |
7.502.280 |
7.721.338 |
|
Operating profit |
-5.657.761 |
-283.134 |
3.596.625 |
|
Financial income |
0 |
|
|
|
Financial charges |
155.380 |
|
|
|
Financial result |
-155.380 |
-348.524 |
-627.585 |
|
Result before taxes |
-5.813.141 |
-631.658 |
2.969.040 |
|
Income taxes |
1.629.643 |
|
|
|
Result after taxes |
-4.183.498 |
-631.658 |
2.969.040 |
|
Extraordinary income |
|
2.128.955 |
354.730 |
|
Extraordinary result |
|
2.128.955 |
354.730 |
|
Taxes on extraordinary result |
|
2.128.955 |
354.730 |
|
Extraordinary result after taxes |
|
2.128.955 |
354.730 |
|
Other taxes |
|
-121.077 |
723.536 |
|
Nett result |
-4.183.498 |
1.618.374 |
2.600.234 |
|
History |
|
|
|
|
|
Management |
Since |
01-07-2010 |
is |
Commissaris Thierry Robert Arthur
Philippe appointed. |
|
|
Since |
01-07-2010 |
is |
Commissaris Philippe Goczol
appointed. |
|
|
Since |
01-07-2010 |
is |
Commissaris Eric Michel Jacquet
appointed. |
|
|
Since |
01-07-2010 |
is |
Commissaris Philippe Georges Brun
out of office. |
|
|
Since |
01-07-2010 |
is |
Commissaris Pierre-Yves Marie Le
Daeron out of office. |
|
|
Since |
01-05-2010 |
is |
Proxy Leon Gerardus Antonius
Honings appointed. |
|
|
Since |
01-05-2010 |
is |
Proxy Cornelis Nicolaas van
Lieshout appointed. |
|
|
Since |
01-05-2010 |
is |
Proxy Eldert Jan Cornelis van der
Kuijl out of office. |
|
|
Since |
16-09-2009 |
is |
Commissaris Wolfgang Friedrich
Ernst Hartmann out of |
|
|
office. |
|
|
|
|
|
Since |
16-09-2009 |
is |
Commissaris Herve Marie
Biancarelli out of office. |
|
|
Since |
17-09-2008 |
is |
Commissaris Antonius Cornelis
Elisabeth van der Heijden |
|
|
out of |
office. |
|
|
|
|
Since |
17-09-2008 |
manager Antonius Cornelis Elisabeth
van der Heijden |
|
|
|
appointed. |
|
|
|
|
|
Since |
17-09-2008 |
manager Aloysius Maria Dallau out
of office. |
|
Company structure
IMS International Metal
service (990004679734) Nanterre
Noxon Stainless B.V. (17069403)
Helmond
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.