MIRA INFORM
REPORT
|
Report Date : |
19.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHEVRON PHILLIPS CHEMICALS INTERNATIONAL NV |
|
|
|
|
Registered Office : |
355, Brusselsesteenweg, Overijse Post |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
03.03.1978 |
|
|
|
|
Com. Reg. No.: |
418159080 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of refined petroleum products |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 8,650,000 |
|
Status : |
Excellent |
|
Payment
Behaviour : |
Usually Correct |
|
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) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
418159080 |
|
Name |
CHEVRON PHILLIPS CHEMICALS INTERNATIONAL NV |
|
Address |
355, BRUSSELSESTEENWEG, OVERIJSE |
|
Post Code |
9130 |
|
Telephone Number |
026891211 |
|
Fax Number |
026891472 |
|
Establishment Date |
03-03-1978 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
192 |
|
Activity Description |
Manufacture of refined petroleum products |
|
Activity Code |
19200 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HAANDORPWEG |
|
House Number |
1 |
|
City |
BEVEREN |
|
Postal Code |
9130 |
|
Trade Registered Number |
57094 |
|
Trade Registered Entry Date |
01-12-1996 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
132380 |
|
Event Description |
Reappointment |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
8,650,000 |
|
Purchase Limit (€) |
134,000,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
3,687,262 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment
Expectation Days |
51.91 |
|
Day Sales
Outstanding |
45.49 |
|
Industry Comparison |
|
|
Activity Code |
1920 |
|
Activity
Description |
Manufacture of refined petroleum products |
|
Industry Average
Day Sales Outstanding |
59.83 |
|
Industry Average
Payment Expectation Days |
45.50 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
30.24 |
|
Payment
Expectations - Median |
45.49 |
|
Payment
Expectations - Upper |
72.75 |
|
|
|
|
Day Sales
Outstanding - Lower |
22.78 |
|
Day Sales
Outstanding - Median |
38.30 |
|
Day Sales
Outstanding - Upper |
51.91 |
|
Company
Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
619315 |
|
Company Name |
CHEVRON PHILIPS CHEMICAL INTERNATIONAL HOLDIN |
|
Address |
CENTER ROAD 1013, |
|
Postal Code |
19805 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
619216 |
|
Company Name |
CHEVRON PHILIPS |
|
Address |
PRINCIPE DE VERGARA 37, |
|
Postal Code |
28001 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
534,372,293 |
708,988,607 |
640,570,524 |
|
Total Operating Expenses |
519,428,860 |
689,806,087 |
618,482,944 |
|
Operating Result |
14,943,433 |
19,182,520 |
22,087,580 |
|
Total Financial Income |
377,731 |
1,164,281 |
2,502,262 |
|
Total Financial Expenses |
242,912 |
5,945,019 |
855,841 |
|
Results on Ordinary Operations Before Tax |
15,002,866 |
14,136,483 |
23,555,670 |
|
Taxation |
3,662,490 |
3,266,715 |
6,693,497 |
|
Results on Ordinary Operations After Tax |
11,340,376 |
10,869,768 |
16,862,173 |
|
Extraordinary Items |
118,667 |
-3,925 |
206 |
|
Net Result |
11,485,047 |
10,891,847 |
16,888,383 |
|
Other Information |
|||
|
Dividends |
11,000,000 |
15,000,000 |
7,000,000 |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
20,064,083 |
21,915,050 |
20,558,385 |
|
- Wages & Salaries |
14,469,465 |
15,238,368 |
15,046,372 |
|
- Employee Pension Costs |
1,212,286 |
2,064,400 |
814,023 |
|
- Social Security Contributions |
4,042,925 |
4,175,520 |
4,318,131 |
|
- Other Employee Costs |
339,407 |
436,762 |
379,859 |
|
Amortization & Depreciation |
4,100,208 |
4,062,529 |
3,843,178 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
24,838,543 |
26,705,125 |
27,305,248 |
|
- Land And Buildings |
5,382,963 |
5,324,248 |
5,590,244 |
|
- Plant And Machinery |
17,784,229 |
17,769,581 |
18,694,125 |
|
- Other Tangible Assets |
1,671,351 |
3,611,296 |
3,020,879 |
|
Financial Fixed Assets |
1,452,991 |
1,373,095 |
1,267,555 |
|
Total Fixed Assets |
26,291,534 |
28,078,220 |
28,572,803 |
|
Inventories |
90,201,884 |
95,085,015 |
103,340,328 |
|
- Raw Materials & Consumables |
3,460,750 |
7,718,421 |
4,671,221 |
|
- Work in Progress |
1,972,404 |
1,930,416 |
1,924,363 |
|
- Finished Goods |
7,953,695 |
12,035,047 |
12,624,867 |
|
- Other Stocks |
76,815,035 |
73,401,131 |
84,119,877 |
|
Trade Debtors |
66,600,166 |
57,725,010 |
77,614,864 |
|
Cash |
1,173,653 |
502,070 |
974,567 |
|
- Miscellaneous Current Assets |
19,094,199 |
84,709 |
78,502 |
|
Total Current Assets |
178,309,146 |
157,684,974 |
184,767,098 |
|
Current Liabilities |
|||
|
- Trade Creditors |
73,868,422 |
55,217,928 |
78,632,597 |
|
- Short Term Group Loans |
39,278,041 |
22,336,642 |
26,107,934 |
|
- Other Short Term Loans |
23,292,268 |
5,637,441 |
6,043,810 |
|
- Miscellaneous Current Liabilities |
-53,395,188 |
-18,518,998 |
-22,660,864 |
|
Total Current Liabilities |
83,043,543 |
64,673,013 |
88,123,477 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
82,457 |
95,460 |
108,462 |
|
Total Long Term Debts |
82,457 |
95,460 |
108,462 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
22,311,000 |
22,311,000 |
22,311,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
98,840,615 |
98,360,656 |
102,473,897 |
|
- Revaluation Reserve |
323,065 |
323,065 |
323,065 |
|
Total Shareholders Equity |
121,474,680 |
120,994,721 |
125,107,962 |
|
|
|||
|
Working Capital |
95,265,603 |
93,011,961 |
96,643,621 |
|
Net Worth |
121,474,680 |
120,994,721 |
125,107,962 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
2.81 |
1.99 |
3.68 |
|
Return On Capital Employed |
12.34 |
11.67 |
18.81 |
|
Return On Total Assets Employed |
7.33 |
7.61 |
11.04 |
|
Return On Net Assets Employed |
15.75 |
15.20 |
24.37 |
|
Sales / Net Working Capital |
5.61 |
7.62 |
6.63 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
16.88 |
13.41 |
16.13 |
|
Debtor Days |
45.49 |
29.72 |
44.23 |
|
Creditor Days |
51.91 |
29.22 |
46.41 |
|
Short Term Stability |
|||
|
Current Ratio |
2.15 |
2.44 |
2.10 |
|
Liquidity Ratio / Acid Ratio |
1.06 |
0.97 |
0.92 |
|
Current Debt Ratio |
0.68 |
0.53 |
0.70 |
|
Long Term Stability |
|||
|
Gearing |
51.51 |
23.12 |
25.70 |
|
Equity In Percentage |
0.59 |
0.65 |
0.59 |
|
Total Debt Ratio |
0.52 |
0.23 |
0.26 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
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City of |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
GREGORY C GARLAND |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
10001 RUE THE WOODLANDS |
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
2009-01-01 |
|
Company Director |
|
|
Full Name |
BENJAMIN MERMANS |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
14 KLOMPENMAKERSTRAAT |
|
Country |
-- |
|
Postal Code |
9100 |
|
Birth Date |
2010-01-01 |
|
Company Director |
|
|
Full Name |
HENRY HEYSER |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
31 RUE LA HAUT LASNE |
|
Country |
-- |
|
Postal Code |
1380 |
|
Birth Date |
2009-01-01 |
|
Company Director |
|
|
Full Name |
DOMINIQUE HENROTTE |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
73 RUE DE LA VICTOIRE REMICOURT |
|
Country |
-- |
|
Postal Code |
4350 |
|
Birth Date |
2010-01-01 |
|
Company Director |
|
|
Full Name |
DOMINIQUE RION |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
57 STROOBANTSSTRAAT HULDENBERG |
|
Country |
-- |
|
Postal Code |
3040 |
|
Birth Date |
2010-01-01 |
|
Company Director |
|
|
Full Name |
TIMOTHY TAYLOR |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
71 HERITAGE HILL CIRCLE THE WOODLANDS, |
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
2010-01-01 |
|
Company Director |
|
|
Full Name |
MARK HANEY |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
119 E. FAIRBRANCH CIRCLE THE WOODLANDS, |
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
2010-01-01 |
|
Company Director |
|
|
Full Name |
RHONDA BORNE |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
0 |
|
Country |
-- |
|
Postal Code |
0 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
JANE HAUGLAND |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
0 |
|
Country |
-- |
|
Postal Code |
0 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
T ROBERTS |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
0 |
|
Country |
-- |
|
Postal Code |
0 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
|
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
0 |
|
Country |
-- |
|
Postal Code |
0 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.