MIRA INFORM REPORT
|
Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
FONDEL METALS B.V. |
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Registered Office : |
Boezembocht 23, 3034KA Rotterdam |
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Country : |
Netherlands |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
22.07.1976 |
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Com. Reg. No.: |
24128179 |
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Wholesale of non-ferrous
metals and non-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 : |
€ 25.000 |
|
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 |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CONTACTINFORMATION
|
Company name |
Fondel
Metals B.V. |
|
Tradename |
Fondel Metals B.V. |
|
Address |
Boezembocht 23 |
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|
3034KA Rotterdam |
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|
Netherlands |
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Mail address |
Postbus 3023 |
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|
3003AA Rotterdam |
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Netherlands |
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Telephone number |
0104135207 |
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Telefax number |
0104114133 |
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E-mail address |
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|
Website |
|
|
VAT number |
Unknown |
CREDIT LIMIT
|
Credit limit |
A credit of € 25.000 may be
granted |
|
Specification credit limit |
De kredietlimiet is to beneden
aangepast. |
COMPANY INFORMATION
|
Handelsregisternummer |
24128179 |
|
Registered in |
Chamber of commerce Rotterdam |
|
First registration |
22-07-1976 |
|
Act of foundation |
30-06-1976 |
|
Date of constitution |
30-06-1976 |
|
Last change in statutes |
04-03-2008 |
|
Legal form |
Besloten Vennootschap (Limited
Company) |
|
Place of constitution |
Rotterdam |
|
Capital |
EUR
1.000.000 |
|
Issued capital |
EUR
226.900 |
|
Paid up capital |
EUR
226.900 |
|
NACE-code |
Wholesale of non-ferrous
metals and non-ferrous semi-finished products (51523) |
|
|
|
|
SBI-code |
Wholesale of non-ferrous
metals and non-ferrous semi-finished products (46723) |
|
|
|
|
Formal objective |
Groothandel, daaronder
begrepen im- en export van en agentuurhandel in metalen, ertsen,
legeringen en afval, agrarische produkten en chemicaliA«n. (Wholesale trade, including import and export
and in agentuurhandel |
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|
|
Employees |
Total:
0 |
|
|
|
Bookyear |
|
2011 |
2009 |
|
Number |
|
0 |
0 |
|
Change |
|
0,00% |
|
COMPANY STRUCTURE
Shareholder Fondel
Commodities B.V.
Boezembocht 23 3034KA ROTTERDAM
Netherlands
KvK: 24289124
Active since: 15-12-1998
Percentage: 100.00%
Ultimate parent company Fondel Netherlands B.V.
Boezembocht 23
3034KA ROTTERDAM KvK: 24258518
Holding company Fondel Commodities B.V.
Boezembocht 23
3034KA ROTTERDAM KvK: 24289124
Affiliated companies Commodity
Trade Europe B.V.
Boezembocht 23
3034KA ROTTERDAM KvK: 24408525
Fondel Chemicals B.V. Boezembocht 23
3034KA ROTTERDAM KvK: 27296245
BIT Fondel B.V.
Handelsweg 59 1181ZA AMSTELVEEN
KvK: 34251274
Bankers MeesPierson
NV
ABN AMRO Bankers
Real
estate Lease
The real estate is checked at the land registration
office
Object code: KRALINGEN C 5643 Owner: FONDEL
FACILITIES B.V.
Description: BOEZEMBOCHT 23
MANAGEMENT
Management Fondel Holding B.V. Boezembocht 23
3034KA
ROTTERDAM
Netherlands
KvK:
24342364
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 17-01-2008
A.T.
Otto
Andrew
Ted
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 01-01-2003
Date
of birth: 08-05-1963
E.E.
Koens Edwin Eddy
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-02-2008
Date
of birth: 09-05-1968
D.
Kras Daniel
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-04-2009
Date
of birth: 12-12-1973
C.G.C.J.
Laros
Cornelis
Gerardus Cornelia Joh
Authorization:
Limited authorization
Position:
Proxy Date appointed: 01-09-2002
Date
of birth: 12-09-1971
S.
Phielix Sebastiaan
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 24-03-2010
Date
of birth: 02-09-1983
N.S.H.
Pinkse
Nefertari
Sofia Hendrika
Authorization:
Limited authorization
Position:
Proxy
Date appointed: 01-11-2007
Date of birth: 28-01-1972
A.
van Roon-Olie Adriaantje
Authorization:
Limited authorization
Position:
Proxy Date appointed: 01-09-2002
Date
of birth: 15-07-1954
S.M.
Tang Siu Ming
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 24-03-2010
Date
of birth: 29-06-1975
D.R.
Teunissen Dennis Richard
Authorization:
Limited authorization
Position:
Proxy
Date
appointed: 01-09-2002
Date
of birth: 19-10-1972
PAYMENT INFORMATION
Payment experiences Payments are regular, no complaints are
known
Payments Based on multiple payment
experiences up to € 7.500
Quarter:
3 2010: 35 Average days
Quarter:
4 2010: 41 Average days
Quarter:
1 2011: 72 Average days
Quarter:
2 2011: 40 Average days
|
Total |
14 |
100% |
3.988 |
1.610 |
3.881 |
4.275 |
|
Within terms |
8 |
90,7% |
3.617 |
|
3.478 |
4.081 |
|
Delayed 0 - 30 |
6 |
9,3% |
371 |
1.610 |
403 |
194 |
|
Delayed 31 - 60 |
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Delayed 31-90 |
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Delayed 91-120 |
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Delayed 120 + days |
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FINANCIAL INFORMATION
|
Auditor |
Mazars Paardekooper Hoffman |
|
Publication financial statement |
Annual accounts 2009 are
published on 14-10-2010 |
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|
Annual accounts 2008 are
published on 29-09-2009 |
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|
Annual accounts 2007 are
published on 10-02-2009 |
|
Type of publication |
Consolidated |
|
Annual accounts van |
Fondel Metals B.V. |
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|
Boezembocht 23 |
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|
3034KA Rotterdam KvK:
24128179 |
Publication Publication according to
obligations by law
CORE FIGURES
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Quick ratio |
0,37 |
0,25 |
0,34 |
|
Current ratio |
1,04 |
1,04 |
1,07 |
|
Nett workingcapital / Balance
total |
0,04 |
0,03 |
0,07 |
|
Capital and reserves / Balance
total |
-0,02 |
-0,02 |
0,01 |
|
Capital and reserves / Fixed
assets |
-29,76 |
-16,34 |
7,87 |
|
Solvency |
-0,02 |
-0,02 |
0,01 |
|
Nett workingcapital |
2.729.000 |
2.410.000 |
5.518.000 |
|
Capital and reserves |
-1.607.000 |
-1.438.000 |
1.023.000 |
|
Change capital and reserves |
-11,75% |
-240,57% |
204,18% |
|
change short term liabilities |
4,89% |
-12,46% |
67,04% |
|
Nett Turnover |
180.566.000 |
266.761.000 |
280.317.000 |
|
Operating profit |
389.000 |
837.000 |
6.135.000 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual
accounts The
company is obligated to publish its annual accounts
|
Last annual accounts |
2009 |
|
|
Type of publication |
Consolidated |
|
|
Turnover |
2008: |
450.893.000 |
|
|
2007: |
969.583.000 |
|
|
2006: |
720.109.000 |
|
Gross profit |
2008: |
21.840.000 |
|
|
2007: |
67.948.000 |
|
|
2006: |
45.970.000 |
|
Operating profit |
2008: |
15.764.000 |
|
|
2007: |
26.987.000 |
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2006: |
10.900.000 |
|
Result after taxes |
2008: |
765.000 |
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|
2007: |
12.440.000 |
|
|
2006: |
6.952.000 |
tendency constant
but negative
Capital and reserves 2009-1.607.000
Total debt 2009
76.501.000
Current ratio 2009 1,04
Quick ratio 2009 0,37
Nett workingcapital 2009 2.729.000
Profitability Negative
Solvency
Negative
Liquidity
Negative
BALANCE sheet
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
End of bookyear |
30-09-2009 |
31-12-2008 |
31-12-2007 |
|
Tangible assets |
|
88.000 |
130.000 |
|
Financial assets |
|
|
0 |
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Other fixed assets |
54.000 |
|
|
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Fixed assets |
54.000 |
88.000 |
130.000 |
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|||
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Stocks and work in progress |
47.852.000 |
54.198.000 |
57.347.000 |
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Trade debtors |
11.551.000 |
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Tax receivables |
2.809.000 |
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Due from related parties |
11.380.000 |
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Other amounts receivable |
700.000 |
|
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Accounts receivable |
26.440.000 |
13.728.000 |
21.645.000 |
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Liquid assets |
548.000 |
3.233.000 |
5.063.000 |
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Current assets |
74.840.000 |
71.159.000 |
84.055.000 |
|
Total assets |
74.894.000 |
71.247.000 |
84.185.000 |
|
|
|||
|
Capital and reserves |
-1.607.000 |
-1.438.000 |
1.023.000 |
|
Provisions |
731.000 |
522.000 |
1.197.000 |
|
other long term debts |
|
36.000 |
50.000 |
|
Long term liabilities |
3.659.000 |
3.414.000 |
3.428.000 |
|
Trade debts suppliers |
10.559.000 |
3.029.000 |
12.263.000 |
|
Debts to credit institutions |
58.887.000 |
|
|
|
Taxes, remuneration &
soc.security |
12.000 |
|
|
|
Debts to related companies |
553.000 |
|
|
|
Other short term debts |
2.100.000 |
65.720.000 |
66.274.000 |
|
Total short term debt |
72.111.000 |
68.749.000 |
78.537.000 |
|
Total debt |
76.501.000 |
72.685.000 |
83.162.000 |
|
Total Liabilities |
74.894.000 |
71.247.000 |
84.185.000 |
PROFIT & LOSS ACCOUNT
|
BOOKYEAR |
2009 |
2008 |
2007 |
|||
|
Turnover |
|
266.761.000 |
279.451.000 |
|||
|
Other operating income |
|
|
866.000 |
|||
|
Nett Turnover |
180.566.000 |
266.761.000 |
280.317.000 |
|||
|
Cost of sales |
176.529.000 |
252.667.000 |
271.077.000 |
|||
|
Gross profit |
4.037.000 |
14.094.000 |
8.374.000 |
|||
|
Other operating income |
-628.000 |
-4.982.000 |
|
|||
|
Wages employees |
1.370.000 |
1.581.000 |
1.525.000 |
|||
|
Sales costs |
|
|
138.000 |
|||
|
Depreciation and amortization |
32.000 |
38.000 |
41.000 |
|||
|
Increase-decrease in stocks |
|
5.408.000 |
|
|||
|
Other operating charges |
1.618.000 |
1.248.000 |
1.401.000 |
|||
|
Operating charges |
3.020.000 |
8.275.000 |
274.182.000 |
|||
|
Operating profit |
389.000 |
837.000 |
6.135.000 |
|||
|
Financial income |
318.000 |
143.000 |
69.000 |
|||
|
Financial charges |
1.769.000 |
4.713.000 |
3.548.000 |
|||
|
Financial result |
-1.451.000 |
-4.570.000 |
-3.479.000 |
|||
|
Result before taxes |
-1.062.000 |
-3.733.000 |
2.656.000 |
|||
|
Income taxes |
262.000 |
1.268.000 |
669.000 |
|||
|
Result after taxes |
-800.000 |
-2.465.000 |
1.987.000 |
|||
|
Nett result |
-800.000 |
-2.465.000 |
1.987.000 |
|||
History
Management
Since 20-01-2011 is Proxy
Nicky van der Poel appointed.
Since 31-12-2010 is Proxy
Sebastiaan Phielix out of office.
Since 24-03-2010 is Proxy
Siu Ming Tang appointed.
Since 24-03-2010 is Proxy
Sebastiaan Phielix appointed.
Since 19-03-2010 is Proxy
Ronny van Schie out of office.
Since 01-04-2009 is Proxy
Daniel Kras appointed.
Since 01-04-2009 is Proxy
David John Ingall appointed.
Since 01-04-2009 is Proxy
Jack Green out of office.
Since 27-04-2009 is Proxy
Robert Jan Schipper out of office.
Since 17-01-2008 manager
24342364 Fondel Commodities B.V. appointed.
Since 17-01-2008 manager
Austin van 't Wout, living in Rotterdam out of office.
Modification
Since 21-12-2010 status
modified
Since 4-3-2008 statutes
modified.
Since 4-3-2008 name changed
to: Fondel
Issued capital changed to
EUR 226.900,00 Paid up capital changed to EUR
226.900,00.
Company structure
Fondel Netherlands B.V.
(24258518)
ROTTERDAM
Fondel Holding B.V.
(24342364)
ROTTERDAM
Subsidiary (100%)
Fondel Facilities B.V.
(24234990)
ROTTERDAM
Subsidiary
Fondel Development B.V.
(24259894)
ROTTERDAM
Subsidiary
ReOrbis Holding B.V.
(24440927)
ROTTERDAM
Management relation (100%)
ReOrbis Services B.V.
(50054937)
ROTTERDAM
Subsidiary (100%)
Inashco R&D B.V.
(24457542) DELFT
Management relation (100%)
Fondel Commodities B.V.
(24289124)
ROTTERDAM
Subsidiary
Fondel Metals B.V.
(24128179) Rotterdam
Subsidiary (100%)
Commodity Trade Europe B.V.
(24408525)
ROTTERDAM Subsidiary (100%)
Fondel Chemicals B.V.
(27296245)
ROTTERDAM
Subsidiary (100%)
BIT Fondel B.V. (34251274)
AMSTELVEEN
Management relation (100%)
CPH Fondel B.V. (34392207)
AMSTELVEEN
Subsidiary
Fondel Staff B.V.
(24370622)
ROTTERDAM
Subsidiary
Fondel
Participations B.V. (24408519)
ROTTERDAM
Subsidiary
Inashco
B.V. (24448294)
ROTTERDAM
Subsidiary
(100%)
Inashco
Equipment B.V. (24473911)
ROTTERDAM
Subsidiary
(100%)
Inashco
Operations B.V. (24473914)
ROTTERDAM
Subsidiary
(100%)
Fondel
Minerals B.V. (24408521)
ROTTERDAM
Subsidiary
Silicon Mineral Ventures
B.V. (24440490)
AMSTELVEEN
Management relation (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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.