MIRA INFORM REPORT

 

 

Report Date :           

27.05.2011

 

IDENTIFICATION DETAILS

 

Name :

DACAPO STAINLESS B.V.

 

 

Registered Office :

Vossenbeemd 111, 5705CL Helmond

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

20.06.2008

 

 

Com. Reg. No.:

27320333

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of ferrous metals and ferrous semi-finished products

 

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 :

€ 20.000

Status :

Moderate

Payment Behaviour :

No Complaints

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

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION

 

Company name                               Dacapo Stainless B.V.

Trade name                                     Dacapo Stainless B.V.

Address                                          Vossenbeemd 111

5705CL Helmond

Netherlands

 

Mail Address                                   Postbus 6065

5700ET Helmond

Netherlands

Telephone number    0492577777

Telefax number                               0492577799

E-mail address                               contact-nl@dacapo.com

Website                                        www.dacapo.com

VAT number                                   NL819537512B01

 

 

CREDIT LIMIT    

 

Credit limit                        A credit of € 20.000 may be granted indien u een garantie krijgt van de

                                       shareholder.

 

 

Ultimate parent company

 

Dacapo Stainless A/S

Neptunvej 1 DK-8600 Silkeborg

Route

T: +45 8743 0000 F: +45 8743 0007

 

 

COMPANY INFORMATION

 

Handelsregisternummer 27320333

Registered in                             Chamber of commerce Brabant

First registration                         26-06-2008

Act of foundation                        20-06-2008

Date of constitution                    04-06-2008

Continuation date                       20-06-2008

Last change in statutes              31-10-2008

Legal Form                                (Besloten Vennootschap ) Limited company




Place of Continuation                 Eindhoven

Capital                                      Eur 5.000.000

Issued Capital                            Eur.2.500.000

Paid up Capital                          Eur 2.500.000

 

NACE-code                               Wholesale of ferrous metals and ferrous semi-finished products (51522)

SBI-code                                   Wholesale of ferrous metals and ferrous semi-finished products (46722) De

Formal objective             inkoop, sales, export en groothandel in-, alsmede de bewerking van roestvast

stalen (half-)fabrikaten.

(purchasing, sales, export and wholesale distribution, and processing of stainless
steel (semi-) finished products.)

 

 

COMPANY STRUCTURE

 

Shareholder

Name: Dacapo S tainless A/S

 

Address: Neptunvej 1, Silksborg DK-8600, Denmark

 

Registered in: Ehrvervs-og Selskabsstyrelsen in Kopenhagen, Denmark with

 

registration number 2668824.

 

Only shareholder since: 30-12-2008

 

Employees                                            total : 20

 

Bankers                                                ABN AMRO Bankers

                                                            Account number: 462258351

 

 

MANAGEMENT

 

Management

 

G.H.A. ten Barge

Gerardus Hendrikus Alfonsus

Authorization: Limited authorization

Position: Manager

Date appointed: 01-11-2010

Date of birth: 16-11-1965

 

H.S. Sylvest

Henrik Saxtrup

Authorization: Fully authorized

Position: Manager

Date appointed: 09-02-2011

Date of birth: 25-05-1965

 

 

K.S. Sylvest

Kristian Saxtrup

Position: Commissaris

Date appointed: 09-02-2011

Date of birth: 01-10-1971

 

A.M. Dallau

Aloysius Maria

5761 CL

Authorization: Fully authorized

Position: Proxy

Date appointed: 09-02-2011

Date of birth: 30-03-1948

Other directorships:

- Manager: Noxon Stainless B.V.  – Helmond (KVK: 17069403)

 

S.L. Dallau

Sven Luuk

Authorization: Limited authorization

Position: Proxy

Date appointed: 22-10-2008

Date of birth: 19-11-1977

 

T.J.J.M. van Welij

Theodorus Josephus Johannes Ma

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-2008

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 € 7.500

 

Quarter: 3 2010: 46 Average days

Quarter: 4 2010: 51 Average days

Quarter: 1 2011: 60 Average days

Quarter: 2 2011: 32 Average days

 

invoices

current quarter

2011 Q1

2010 Q4

2010 Q3

Total

45

100%

17.811

17.333

17.804

17.806

Within terms

27

96,0%

17.099

6.591

8.906

11.221

Delayed 0 - 30

 

4,0%

712

10.322

8.898

6.585

Delayed 31 - 60

1

0,0%

 

420

 

 

Delayed 61 – 90

 

 

 

 

 

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION 

 

Type of publication                       Corporate

 

Publication                                Publication According to obligation BY Law.

 

Quick ratio

0,39

Current ratio

1,11

Nett workingcapital / Balance total

0,10

Capital and reserves / Balance total

0,04

Capital and reserves / Fixed assets

1,00

Solvency

0,05

Nett workingcapital

500.356

Capital and reserves

228.844

 

Annual accounts

The company is obligated to publish its annual accounts

Last annual accounts

2009

Tendency

Declining

Capital and reserves

2009 228.844

Total debt

2009 4.981.592

Current ratio

2009 1,11

Quick ratio

2009 0,39

Nett workingcapital

2009 500.356

Profitability

Negative

Solvency

Positive

Liquidity

Limited

Currency

Euro

 

BALANCE sheet     

 

BOOKYEAR

2009

End of bookyear

31-12-2009

Tangible assets

228.488

Fixed assets

228.488

 

Stocks and work in progress

3.222.575

Trade debtors

962.710

Other amounts receivable

704.963

Accounts receivable

1.667.673

Liquid assets

91.700

Current assets

4.981.948

Total assets

5.210.436

 

Capital and reserves

228.844

Long term liabilities

500.000

Trade debts suppliers

369.907

Other short term debts

4.111.685

Total short term debt

4.481.592

Total debt

4.981.592

Total Liabilities

5.210.436

 

History

 

Management

·         Since 09-02-2011 manager Aloysius Maria Dallau out of office.

·         Since 09-02-2011 is Proxy Aloysius Maria Dallau appointed.

·         Since 09-02-2011 is Commissaris Kristian Saxtrup Sylvest appointed.

·         Since 09-02-2011 manager Henrik Saxtrup Sylvest appointed.

·         Since 09-02-2011 is Commissaris Henrik Saxtrup Sylvest out of office.

·         Since 01-11-2010 is Proxy Gerardus Hendrikus Alfonsus ten Barge appointed.

·         Since 03-03-2009 is Commissaris Henrik Saxtrup Sylvest appointed.

·         Since 03-03-2009 manager Aloysius Maria Dallau appointed.

·         Since 03-03-2009 manager Henrik Saxtrup Sylvest out of office.

·         Since 20-06-2008 manager Henrik Saxtrup Sylvest, living in the Peek,Island

·         South,SAR Hong Kong appointed.

 

Modifications  

·         Issued capital changed to EUR 2.500.000,00 Paid up capital changed to EUR 2.500.000,00.

·         Issued capital changed to EUR 2.000.000,00 Paid up capital changed to EUR 2.000.000,00.

·         Since 31-10-2008 statutes modified. Since 31-10-2008 name changed to: Dacapo Stainless B.V..

 

 

 

 

Company structure

 

Dacapo Stainless B.V. (27320333)

Helmond

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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%)

 

 

 

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.