MIRA INFORM REPORT
|
Report Date : |
28.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
PLASTICON EUROPE B.V. |
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Registered Office : |
Parallelstraat 50, 7575AN Oldenzaal |
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Country : |
Netherlands |
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Financials (as on) : |
30.06.2009 |
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Date of Incorporation : |
01.04.1921 |
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Com. Reg. No.: |
06000001 |
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Manufacturer of rubber
and plastic 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 : |
€ 250.000 |
|
Status : |
Good |
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Payment
Behaviour : |
Unknown |
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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 |
|
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 |
Plasticon
Europe B.V. |
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Tradename |
Plasticon Europe B.V. |
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Address |
Parallelstraat 50 |
|
|
7575AN Oldenzaal |
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|
Netherlands |
|
Mail address |
Postbus 309 |
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|
7570AH Oldenzaal |
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|
Netherlands |
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Telephone number |
0541-858500 |
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Telefax number |
0541-858501 |
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E-mail address |
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|
Website |
CREDIT LIMIT
|
Credit limit |
A credit of € 250.000 may be granted |
|
Risk factor |
Normal |
COMPANY INFORMATION
|
Handelsregisternummer |
06000001 |
|
Registered in |
Chamber of commerce Oost
Netherlands |
|
First registration |
01-04-1921 |
|
Act of foundation |
17-03-1921 |
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Date of constitution |
17-03-1921 |
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Continuation date |
17-03-1921 |
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Last change in statutes |
14-12-2005 |
|
Legal form |
Besloten Vennootschap (Limited
Company) |
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Place of constitution |
Oldenzaal |
Capital EUR 907.560,43
Issued capital EUR
498.438,54
Paid up capital EUR 498.438,54
NACE-code MANUFACTURE OF
RUBBER AND PLASTIC PRODUCTS (25)
SBI-code MANUFACTURE OF
RUBBER AND PLASTIC PRODUCTS (22)
Formal objective Het
deelnemen in, het voeren van beheer over, het verlenen van diensten aan
en het financieren van andere companies en partner
schappen alsmede al het
none met een en ander verband
houdt of daarvoor bevordelijk kan zijn
(To participate in, conduct the management of, the provision of services to
and finance companies
and other partner
characteristics and all
none with any of them
related to or may
be beneficial)
Employees total : 20
Bookyear
2009 2008 2007
Number 20 681 655
change
-97,06% 3,97% 26,94%
COMPANY STRUCTURE
Subsidiary
Swit Beheer B.V.
Industrieweg 7
8531PA Lemmer
KVK: 01083372
Onroerend Goed Maatschappij
Plasticon B.V.
Parallelstraat 50
7575AN OLDENZAAL
KvK: 06007685
Plasticon the Netherlands
B.V.
Parallelstraat 52
7575AN OLDENZAAL
KvK: 06026484
PE Investments B.V.
Parallelstraat 50
7575AN OLDENZAAL
KvK: 08157489
Thermopol Kunststoftechniek
B.V.
Noordzijde Zuncle 7 4613AA
BERGEN OP ZUNCLE
KvK: 20053132
Bankers
ABN Amro Bankers NV
MANAGEMENT
Management
F.J. Groeneveld
Floris Johannes
Authorization: Fully
authorized
Position: Manager
Date appointed: 01-06-2003
Date of birth: 17-06-1947
L. Stutvoet
Leendert
Authorization: Fully
authorized
Position: Manager
Date appointed: 20-06-2005
Date of birth: 07-02-1959
PAYMENT INFORMATION
Payment experiences There
are no payment experiences known
FINANCIAL INFORMATION
|
Auditor |
Deloitte & Touche |
|
Auditor's report |
According to the auditor, the
annual account gives a faithful description of the |
|
|
size
and composition of the company. |
|
Publication financial statement |
Annual
accounts 2009 are published on 07-12-2009 (Broken accounting year) |
|
|
Annual
accounts 2008 are published on 21-11-2008 (Broken accounting year) |
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|
Annual
accounts 2007 are published on 09-11-2007 (Broken accounting year) |
|
Type of publication |
Consolidated |
|
Annual accounts van |
Plasticon Europe B.V. |
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|
Parallelstraat 50 |
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|
7575AN Oldenzaal |
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|
KvK: 06000001 |
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Publication |
Publication according to
obligations by law |
CORE FIGURES
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Quick ratio |
1,45 |
1,71 |
1,80 |
|
Current ratio |
2,00 |
2,25 |
2,26 |
|
Nett workingcapital / Balance
total |
0,25 |
0,35 |
0,35 |
|
Capital and reserves / Balance
total |
0,50 |
0,50 |
0,52 |
|
Capital and reserves / Fixed
assets |
1,00 |
1,32 |
1,38 |
|
Solvency |
1,17 |
1,09 |
1,20 |
|
Nett workingcapital |
20.691.000 |
21.467.000 |
19.467.000 |
|
Capital and reserves |
41.686.000 |
30.820.000 |
28.924.000 |
|
Change capital and reserves |
35,26% |
6,56% |
6,67% |
|
change short term liabilities |
20,39% |
11,60% |
47,17% |
|
Nett Turnover |
89.700.000 |
79.932.000 |
62.442.000 |
|
Operating profit |
2.981.000 |
2.461.000 |
1.866.000 |
|
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: 71.904.000
2007:
58.077.000
2006:
50.710.000
BALANCE sheet
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
End of bookyear |
30-06-2009 |
30-06-2008 |
30-06-2007 |
|
Intangible assets |
4.231.000 |
2.932.000 |
3.190.000 |
|
Tangible assets |
36.255.000 |
19.466.000 |
16.662.000 |
|
Financial assets |
1.315.000 |
895.000 |
1.064.000 |
|
Fixed assets |
41.801.000 |
23.293.000 |
20.916.000 |
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|||
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Stocks and work in
progress |
11.345.000 |
9.220.000 |
7.156.000 |
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Accounts receivable |
21.802.000 |
19.911.000 |
18.556.000 |
|
Liquid assets |
8.248.000 |
9.533.000 |
9.164.000 |
|
Current assets |
41.395.000 |
38.664.000 |
34.876.000 |
|
Total assets |
83.196.000 |
61.957.000 |
55.792.000 |
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|
|||
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Capital and reserves |
41.686.000 |
30.820.000 |
28.924.000 |
|
Provisions |
5.971.000 |
2.898.000 |
2.842.000 |
|
Long term interest
yielding debts |
|
6.758.000 |
7.017.000 |
|
other long term debts |
14.835.000 |
4.284.000 |
1.600.000 |
|
Long term liabilities |
14.835.000 |
11.042.000 |
8.617.000 |
|
Trade debts suppliers |
|
10.094.000 |
9.249.000 |
|
Short term interest
yielding debt |
|
650.000 |
340.000 |
|
Other short term debts |
20.704.000 |
6.453.000 |
5.820.000 |
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Total short term debt |
20.704.000 |
17.197.000 |
15.409.000 |
|
Total debt |
41.510.000 |
31.137.000 |
26.868.000 |
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Total Liabilities |
83.196.000 |
61.957.000 |
55.792.000 |
PROFIT & LOSS ACCOUNT
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Turnover |
80.956.000 |
71.904.000 |
58.077.000 |
|
Other operating income |
8.744.000 |
8.028.000 |
4.365.000 |
|
Nett Turnover |
89.700.000 |
79.932.000 |
62.442.000 |
|
Cost of sales |
|
40.443.000 |
31.148.000 |
|
Gross profit |
89.700.000 |
31.461.000 |
26.929.000 |
|
Wages employees |
32.760.000 |
27.842.000 |
22.062.000 |
|
Depreciation and
amortization |
2.696.000 |
2.230.000 |
1.561.000 |
|
Raw materials |
44.021.000 |
|
|
|
Other operating charges |
7.242.000 |
6.956.000 |
5.805.000 |
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Operating charges |
86.719.000 |
77.471.000 |
60.576.000 |
|
Operating profit |
2.981.000 |
2.461.000 |
1.866.000 |
|
Financial income |
171.000 |
|
103.000 |
|
Financial charges |
579.000 |
216.000 |
113.000 |
|
Financial result |
-408.000 |
-216.000 |
-10.000 |
|
Result participations |
|
216.000 |
-6.000 |
|
Result before taxes |
2.573.000 |
2.461.000 |
1.850.000 |
|
Income taxes |
656.000 |
595.000 |
419.000 |
|
Result after taxes |
1.917.000 |
1.866.000 |
1.431.000 |
|
Nett result |
1.917.000 |
1.866.000 |
1.431.000 |
History
Management Since
16-06-2008 manager Arnoldus Gerardus Maria Kusters out of office.
Company structure
Plasticon Europe B.V. (06000001)
Oldenzaal
Swit Beheer B.V. (01083372)
Lemmer Subsidiary
Polem B.V. (01038925)
LEMMER
Subsidiary (100%)
D.W. Consulting B.V.
(01052215)
ST.-ANNAPAROCHIE
Several liability relation
(100%)
P.M.A. Real estate B.V.
(01044534)
LEMMER
Subsidiary (100%)
Onroerend Goed Maatschappij
Plasticon B.V. (06007685)
OLDENZAAL Subsidiary
Plasticon the Netherlands
B.V. (06026484)
OLDENZAAL
Subsidiary
PE Investments B.V.
(08157489)
OLDENZAAL
Subsidiary (100%)
Thermopol Kunststoftechniek
B.V. (20053132)
BERGEN OP ZUNCLE
Subsidiary
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 |
|
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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.