MIRA INFORM REPORT

 

 

Report Date :

07.03.2011

 

IDENTIFICATION DETAILS

 

Name :

CALDIC NETHERLANDS B.V.

 

 

Registered Office :

Blaak 22, 3011TA Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

29.03.1921

 

 

Com. Reg. No.:

24124635

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of chemical raw materials and chemicals for industrial applications

 

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 :

€ 500.000

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 – 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 Caldic Netherlands B.V.

 

Tradename                    Caldic Netherlands B.V.

 

Address                         Blaak 22

3011TA Rotterdam

Netherlands

 

Mail address                  Blaak 22

3011TA Rotterdam

Netherlands

Telephone number          0104136420

Telefax number               0104047458

E-mail address               info@caldic.nl

Website                                                            www.caldic.com

 

 

CREDIT LIMIT

 

Credit limit          A credit of € 500.000 may be granted

 

Risk factor       Normal

 

Creditscore     The company has a creditscore of 7,1

 

 

 

COMPANY INFORMATION

 

Handelsregisternummer 24124635

 

Registered in                  Chamber of commerce Rotterdam

 

Act of foundation             29-03-1921

 

Date of constitution         00-00-1875

 

Continuation date                                                19-12-1972

 

Last change in statutes   03-08-1982

 

Legal form                      Besloten Vennootschap

 

Place of constitution       Rotterdam

 

 

Capital                           EUR 2.268.901,08

 

Issued capital                 EUR 680.670,32

 

Paid up capital               EUR 680.670,32

 

 

Objective                        Groothandel in chemische grondstoffen en chemicaliën voor industriële toepassing (51551)

 

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

Formal objective                     Groothandel in chemische produkten.

                                                                        (Wholesale of chemical products)

 

 

COMPANY STRUCTURE

 

Shareholder    

Caldic B.V.

Blaak 22

3011TA Rotterdam

Netherlands

KvK: 24248451

Active since: 24-11-2006

Percentage: 100.00%

 

Ultimate parent company       

Eikenbosch Holding B.V.

Blaak 22

3011TA ROTTERDAM KvK: 27153115

Holding company            Caldic B.V.

Blaak 22

3011TA Rotterdam

KvK: 24248451

 

Affiliated companies   

Caldic Chemie Produktie B.V.

Schansdijk 12

4761RH ZEVENBERGEN KvK: 20008239

 

Caldic Chemie B.V. Blaak 22

3011TA ROTTERDAM KvK: 24183521

 

Caldic Deutschland Holding GmbH Blaak 22

3011TA ROTTERDAM KvK: 24262107

 

Caldic Ingredients B.V. Elzenweg 5

3421TT OUDEWAINR KvK: 30132279

 

Caldic Deutschland Chemie B.V. Am Karlshof 10

40231 DÜSSELDORF

KvK: 33227746

 

Liability declaration    

Caldic B.V. (24248451) Blaak 22

3011TA Rotterdam

Issue date: Since:

(.)

Issue date: Since:

(.)

Issue date: Since:

 

 

Bankers           

SNS bankers Netherlands NV ABN Amro Bankers NV

 

Real estate                    Unknown

The real estate is checked at the land registration office

 

Object code: No registration

 

 

MANAGEMENT

 

Management   

Caldic B.V.

Blaak 22

3011TA Rotterdam

Netherlands

KvK: 24248451

Authorization: Fully authorized

Position: Manager

Date appointed: 24-11-2006

 

P.P. Kock

Philip Pieter

Authorization: Fully authorized

Position: Manager

Date appointed: 21-09-2009

Date of birth: 19-08-1976

 

M.L. Blok

Maurits Leendert

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-06-2010

Date of birth: 18-03-1976

 

P.P. Kock

Philip Pieter

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2007

Date of birth: 19-08-1976

 

T. of Vliet

Tom

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-1991

Date of birth: 17-11-1959

 

E.G.J. de Waal

Eric Gabriël Jilles

Authorization: Limited authorization

Position: Proxy

Date appointed: 08-04-1997

Date of birth: 05-02-1952

 

Caldic B.V. Resigned

Blaak 22

3011TA Rotterdam

Netherlands

KvK: 24248451

Position: Manager

 

 

PAYMENT INFORMATION

 

Payment experiences     Payments are regular

 

Payments                      Based on multiple payment experiences up to € 7.500

 

 

Quarter: 1 2010: 46 Average days Quarter: 2 2010: 52 Average days Quarter: 3 2010: 61 Average days

 

 

invoices

current quarter

2010

Q2

2010

Q1

 

Total

 

71

 

100%

 

30.144

 

31.834

 

28.886

 

Within terms

 

47

 

73,6%

 

22.187

 

24.035

 

19.105

Delayed 0 - 30

16

14,0%

4.230

2.908

9.781

Delayed 31 - 60

2

0,0%

 

3.132

 

Delayed 61 - 90

2

7,7%

2.320

 

 

Delayed 91 - 120

2

1,9%

563

704

 

Delayed 120+ days

2

2,8%

844

1.055

 

 

FINANCIAL INFORMATION

 

Type of publication          Consolidated

 

Annual accounts of         Caldic B.V.

Blaak 22

3011TA Rotterdam

KvK: 24248451

 

Publication                               Publication according to obligations by law

 

 

CORE FIGURES

 

BOOKYEAR                                                                   2008                  2007                  2006

Quick ratio                                                                    1,01                  0,93                  0,90

Current ratio                                                                                                                          1,53                                         1,37                                         1,27

Nett workingcapital / Balance total                                

Capital and reserves / Balance

Total                                                                                                                                                                0,47                  0,40                  0,36

Capital and reserves / Fixed assets                                2,06                  1,90                  ---

Solvency                                                                                                                                                                                                                                                                                            0,92                  0,68                  0,58                                  

Nett workingcapital                                                         48.086.979        40.771.142        33.471.000                   

Capital and reserves                                                       84.020.490        75.944.606        71.758.000                   

Change capital and reserves                                           10,63%             5,83%               2,79%                          

change short term liabilities                                            18,04%             -10,51%            10,06%

Nett Turnover                                                                 492.249.154      478.852.847      471.424.000

Operating profit                                                              25.688.099        27.103.051        20.474.000                                           

 

Annual accounts            The published financial information is the consolidated group information.

 

Last annual accounts      2008

 

Type of publication         Consolidated

 

Turnover             2008: 488.980.000

2007: 476.008.000

2006: 468.422.000

 

Gross profit        2008: 106.047.000

2007: 102.138.000

2006: 92.536.000

 

 

Operating profit   2008: 25.688.000

2007: 27.018.000

2006: 20.474.000

Result after taxes           2008: 16.956.000

2007: 16.576.000

2006: 12.138.000

Tendency                       Upward

 

Tendency capital and reserves

 

Capital and reserves       2008 84.020.490

 

Total debt                       2008 95.304.263

 

Current ratio                   2008 1,53

 

Quick ratio                     2008 1,01

 

Nett workingcapital         2008 48.086.979

 

 

BALANCE

 

BOOKYEAR                                                                2008                               2007                        2006

End of bookyear                                                             31-12-2008                    31-12-2007        31-12-2006

 

Tangible assets                                                            40.830.644                     40.036.002         44.605.000

 

Financial assets                                                                                                                                   0

 

Fixed assets                                                                 40.830.644                     40.036.002

 

Stocks and work in progress                                        47.471.049                     48.364.356         46.247.000

 

Accounts receivable                                                     90.291.430                     102.316.135       104.979.000

 

Liquid assets                                                                731.630                         390.404             5.494.000

 

Current assets                                                              138.494.109                   151.070.895       156.720.000

 

Total assets                                                                  179.324.753                   191.106.897       201.325.000

 

Minority interest                                                                                                                                     1.441.000

 

Capital and reserves                                                    84.020.490                     75.944.606         71.758.000

 

Provisions                                                                      4.345.013                       3.964.975           3.901.000

 

Long term interest yealding Debts                                                                                                976.000

Long term liabilities                                                     552.120                         897.563             976.000

 

Trade debts suppliers                                                                                                                  49.119.000

 

Short term interest yielding debt                                                                                                  52.181.000

 

Other short term debts                                                                                                                21.949.000

 

Total short term debt                                                                90.407.130         110.299.753       123.249.000

 

Total debt                                                                                 95.304.263         115.162.291       128.126.000

 

Total Liabilities                                                                                    179.324.753       191.106.897       201.325.0

 

 

PROFIT & LOSS ACCOUNT

 

BOOKYEAR                                                                2008                                2007                               2006

Turnover                                                                                                                                    468.422.000

 

Other operating income                                                                                                                  3.002.000

 

Nett Turnover                                              492.249.154                    478.852.847                    471.424.000

 

Cost of sales                                                   382.933.010                    373.869.773                    375.886.000

 

Gross profit                                                  109.316.144                    104.983.074                       92.536.000

 

Wages employees                                             42.334.689                      40.764.150                      40.352.000

 

Depreciation and amortization                               7.573.806                        7.556.387                        8.175.000

 

Other operating charges                                     33.719.550                      29.559.486                      26.537.000

 

Operating charges                                         83.628.045                      77.880.023                   450.950.000

 

Operating profit                                             25.688.099                      27.103.051                      20.474.000

 

Financial income                                                621.231                         484.528                         2.262.000

 

 

Financial charges

2.500.626

2.881.399

4.732.000

Financial result

-1.879.395

-2.396.871

2.470.000

Result before taxes

23.808.704

24.706.180

18.004.000

Income taxes

6.852.534

8.059.638

5.866.000

Result after taxes

16.956.170

16.646.542

12.138.000

Minority interest

147.096

82.415

 

 

Nett result

17.103.266

16.728.957

12.138.000

 

COMPANY STRUCTURE

 

Eikenbosch Holding B.V. (27153115) ROTTERDAM

Caldic Collectie B.V. (24248379) ROTTERDAM

Subsidiary (100%)

 

Caldic B.V. (24248451) Rotterdam

Subsidiary (100%)

 

Caldic Chemie Produktie B.V. (20008239) ZEVENBERGEN

Subsidiary

 

Caldic Netherlands B.V. (24124635) Rotterdam

Subsidiary

 

Caldic Techniek B.V. (24148568) ROTTERDAM

Subsidiary

 

Caldic Isolatietechniek B.V. (23059605) PAPENDRECHT

Subsidiary

 

Caldic Chemie B.V. (24183521) ROTTERDAM

Subsidiary

 

Caldic Deutschland Holding GmbH (24262107) ROTTERDAM

Subsidiary (100%)

 

Caldic Ingredients B.V. (30132279) OUDEWAINR

Subsidiary

 

Caldic Deutschland Chemie B.V. (33227746)

40231 DÜSSELDORF

Subsidiary (100%)

 

Caldic Erasmus BV (24259988)

40231 DUSSELDORF Management relation (100%)

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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.