MIRA
INFORM REPORT
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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ICL-IP TERNEUZEN B.V. |
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Registered Office : |
Frankrijkweg 6, Terneuzen, 4538 BJ |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
31.12.1983 |
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Com. Reg. No.: |
21011809 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other organic basic chemicals |
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No. of Employees : |
86 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company
name
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Icl-Ip Terneuzen B.V. |
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Employees: 86
Company
Type:
Private Subsidiary
Corporate
Family:
84 Companies
Ultimate
Parent:
Israel
Corporation Limited
Incorporation
Date:
31-Dec-1983
Fiscal
Year End: 31-Dec-2010
Reporting
Currency: Euro
Annual
Sales:
79.8
Total
Assets:
73.2
Business Description
|
ICL-IP Terneuzen B.V. is primarily engaged
in manufacture of other organic basic chemicals: acyclic hydrocarbons,
saturated and unsaturated; cyclic hydrocarbons, saturated and unsaturated; acyclic
and cyclic alcohols, including synthetic ethyl alcohol; mono- and
polycarboxyclic acids including acetic acid; other oxygen-function compounds
including aldehydes, ketones, quinones and dual or poly oxygen-function
compounds; nitrogen-function organic compounds including amines; other
organic compounds including wood distillation products, etc.; manufacture of
charcoal; production of pitch and pitch coke; manufacture of synthetic
aromatic products; and distillation of coal tar. |
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Industry |
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Industry |
Chemical
Manufacturing |
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ANZSIC 2006: |
1812 - Basic
Organic Chemical Manufacturing |
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NACE 2002: |
2414 -
Manufacture of other organic basic chemicals |
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NAICS 2002: |
32519 - Other
Basic Organic Chemical Manufacturing |
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2414 -
Manufacture of other organic basic chemicals |
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US SIC 1987: |
2869 -
Industrial Organic Chemicals, Not Elsewhere Classified |
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Registered No.(NLD)
21011809
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Industry
Codes
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ANZSIC 2006 Codes: |
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1812 |
- |
Basic Organic Chemical Manufacturing |
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NACE 2002 Codes: |
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2414 |
- |
Manufacture of other organic basic
chemicals |
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NAICS 2002 Codes: |
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32519 |
- |
Other Basic Organic Chemical Manufacturing |
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US SIC 1987: |
||
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2869 |
- |
Industrial Organic Chemicals, Not
Elsewhere Classified |
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||
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2414 |
- |
Manufacture of other organic basic
chemicals |
Business
Description
|
ICL-IP Terneuzen B.V. is primarily engaged
in manufacture of other organic basic chemicals: acyclic hydrocarbons,
saturated and unsaturated; cyclic hydrocarbons, saturated and unsaturated; acyclic
and cyclic alcohols, including synthetic ethyl alcohol; mono- and
polycarboxyclic acids including acetic acid; other oxygen-function compounds
including aldehydes, ketones, quinones and dual or poly oxygen-function
compounds; nitrogen-function organic compounds including amines; other
organic compounds including wood distillation products, etc.; manufacture of
charcoal; production of pitch and pitch coke; manufacture of synthetic
aromatic products; and distillation of coal tar. |
Financial
Data
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Financials in: |
EUR(mil) |
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Revenue: |
60.2 |
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Assets: |
54.6 |
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Current Assets: |
21.3 |
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Total Liabilities: |
54.6 |
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Net Worth: |
26.7 |
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Date of Financial Data: |
31-Dec-2010 |
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1 Year Growth |
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17.5% |
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NA |
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Bank: |
Postbank NV, ABN AMRO Bank NV, |
Corporate
Structure News
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Icl-Ip Terneuzen B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Tel Aviv-Yafo |
|
Chemical Manufacturing |
11,608.0 |
9,914 |
|
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Subsidiary |
Tel Aviv-Yafo |
|
Chemical Manufacturing |
7,067.8 |
11,910 |
|
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Subsidiary |
Beer Sheva |
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Non-Metallic Mining |
3,107.3 |
5,096 |
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Holding |
Beer Sheva |
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Chemical Manufacturing |
1,313.2 |
2,619 |
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Subsidiary |
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Chemical Manufacturing |
147.8 |
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Subsidiary |
Terneuzen, |
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Chemical Manufacturing |
79.8 |
86 |
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Subsidiary |
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Chemical Manufacturing |
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Subsidiary |
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Chemical Manufacturing |
4.8 |
7 |
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Subsidiary |
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Chemical Manufacturing |
122.7 |
4 |
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Subsidiary |
Saint Louis, MO |
United States |
Chemical Manufacturing |
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Subsidiary |
Beer Sheva |
Israel |
Chemical Manufacturing |
450.0 |
1,625 |
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Subsidiary |
Kiryat Atta |
Israel |
Business Services |
10.5 |
120 |
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Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
74.9 |
10 |
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Subsidiary |
Beer Sheba |
Israel |
Chemical Manufacturing |
383.0 |
|
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Subsidiary |
Beer Sheba |
Israel |
Chemical Manufacturing |
|
2,500 |
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Subsidiary |
Beer Sheva |
Israel |
Chemical Manufacturing |
350.0 |
1,100 |
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Subsidiary |
Onbekend, Onbekend |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
Saltburn-by-the-Sea |
United Kingdom |
Non-Metallic Mining |
254.9 |
724 |
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UK Branch/Trading address |
Saltburn-By-The-Sea |
United Kingdom |
Miscellaneous Transportation |
254.9 |
50 |
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Subsidiary |
Saltburn By The Sea |
United Kingdom |
Non-Metallic Mining |
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Subsidiary |
Saint Louis, MO |
United States |
Chemical Manufacturing |
110.1 |
570 |
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Subsidiary |
St Louis, MO |
United States |
Chemical Manufacturing |
97.6 |
200 |
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Branch |
Lawrence, KS |
United States |
Chemical Manufacturing |
98.8 |
180 |
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Subsidiary |
Hammond, IN |
United States |
Chemical Manufacturing |
3.8 |
25 |
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Subsidiary |
Dieburg |
Germany |
Personal and Household Products |
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Subsidiary |
Saint Louis, MO |
United States |
Miscellaneous Financial Services |
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Subsidiary |
Saint Louis, MO |
United States |
Chemical Manufacturing |
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Subsidiary |
Omer |
Israel |
Trucking |
59.4 |
180 |
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Subsidiary |
Beer Sheba |
Israel |
Chemical Manufacturing |
565.0 |
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Subsidiary |
Chateau Du Loir |
France |
Personal and Household Products |
27.1 |
58 |
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Subsidiary |
Mishor Rotem Iz |
Israel |
Construction Services |
6.9 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
3.1 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Chemical Manufacturing |
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Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Commercial Banks |
232.1 |
188 |
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Subsidiary |
Sao Bernardo Do Campo, Sao Paulo |
Brazil |
Chemical Manufacturing |
|
65 |
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Subsidiary |
Milano, Milano |
Italy |
Chemical Manufacturing |
15.9 |
13 |
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Subsidiary |
Treviso, Treviso |
Italy |
Chemical Manufacturing |
20.5 |
17 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Crops |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Chemical Manufacturing |
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Subsidiary |
Beer Sheba |
Israel |
Miscellaneous Fabricated Products |
154.9 |
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Subsidiary |
Beer Sheba |
Israel |
Miscellaneous Fabricated Products |
|
5 |
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Subsidiary |
Haifa |
Israel |
Chemical Manufacturing |
75.0 |
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Subsidiary |
Dublin |
Ireland |
Chemical Manufacturing |
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Subsidiary |
Wanchai |
Hong Kong |
Chemical Manufacturing |
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Subsidiary |
Haifa |
Israel |
Water Transportation |
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3,215 |
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Subsidiary |
Norfolk, VA |
United States |
Miscellaneous Transportation |
300.0 |
400 |
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Division |
Norfolk, VA |
United States |
Miscellaneous Transportation |
86.5 |
300 |
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Subsidiary |
Haifa |
Israel |
Miscellaneous Transportation |
22.3 |
196 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Transportation |
|
120 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Personal Services |
|
1 |
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Subsidiary |
Haifa |
Israel |
Auto and Truck Manufacturers |
15.1 |
50 |
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Subsidiary |
Capelle aan den IJssel |
Netherlands |
Miscellaneous Transportation |
|
45 |
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Subsidiary |
Marseille |
France |
Miscellaneous Transportation |
2.2 |
34 |
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Subsidiary |
Montreal, QC |
Canada |
Water Transportation |
|
33 |
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Branch |
Vancouver, BC |
Canada |
Water Transportation |
11.4 |
25 |
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Branch |
Toronto, ON |
Canada |
Miscellaneous Transportation |
1.8 |
13 |
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Branch |
Halifax, NS |
Canada |
Trucking |
2.4 |
12 |
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Subsidiary |
Antwerpen |
Belgium |
Miscellaneous Transportation |
3.1 |
30 |
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Subsidiary |
London |
United Kingdom |
Investment Services |
3.5 |
17 |
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Subsidiary |
London |
United Kingdom |
Insurance (Life) |
0.3 |
2 |
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Subsidiary |
Gdynia |
Poland |
Miscellaneous Transportation |
|
12 |
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Subsidiary |
Vienna |
Austria |
Miscellaneous Transportation |
|
5 |
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Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Water Transportation |
2.5 |
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Subsidiary |
Quarry Bay |
Hong Kong |
Water Transportation |
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Subsidiary |
Piraeus |
Greece |
Water Transportation |
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Subsidiary |
Piraeus |
Greece |
Water Transportation |
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Subsidiary |
Le Havre |
France |
Water Transportation |
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Subsidiary |
Taipei |
Taiwan |
Water Transportation |
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Subsidiary |
Kingston |
Jamaica |
Business Services |
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Subsidiary |
Kingston |
Jamaica |
Miscellaneous Transportation |
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Subsidiary |
Alcala de Henares, Madrid |
Spain |
Miscellaneous Transportation |
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Subsidiary |
Bangkok |
Thailand |
Miscellaneous Transportation |
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Subsidiary |
Kingston |
Jamaica |
Business Services |
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Subsidiary |
Suria, Barcelona |
Spain |
Chemical Manufacturing |
361.0 |
814 |
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Subsidiary |
Genova, Genova |
Italy |
Personal Services |
7.6 |
94 |
|
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Subsidiary |
Tel-Aviv |
Israel |
|
19.7 |
4 |
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Subsidiary |
Ness Ziona |
Israel |
|
|
15 |
|
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Subsidiary |
Faucogney Et La Mer |
France |
Textiles - Non Apparel |
6.0 |
2 |
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Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Personal Services |
|
1 |
|
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Subsidiary |
Lima |
Peru |
Electric Utilities |
|
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|
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Subsidiary |
La Paz |
Bolivia |
Electric Utilities |
|
160 |
|
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Subsidiary |
Lima |
Peru |
Electric Utilities |
|
87 |
|
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Subsidiary |
Barcelona |
Spain |
Business Services |
|
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Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Consumer Financial Services |
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Annual Profit & Loss
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
79.7 |
73.2 |
87.0 |
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Net sales |
79.8 |
71.3 |
85.2 |
|
Change in stock |
0.0 |
1.9 |
1.8 |
|
Total operating
costs |
78.1 |
69.6 |
81.3 |
|
Net operating
income |
1.6 |
3.6 |
5.7 |
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Total financial
income |
0.7 |
0.0 |
0.9 |
|
Total expenses |
1.0 |
1.3 |
0.4 |
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Profit before tax |
1.3 |
2.3 |
6.2 |
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Profit on ordinary activities after tax |
1.7 |
1.7 |
4.4 |
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Total taxation |
-0.5 |
0.6 |
1.8 |
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Profit after tax |
1.7 |
1.7 |
4.4 |
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Net profit |
1.7 |
1.7 |
4.4 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
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|
|
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|
Share premium account |
0.8 |
0.9 |
0.8 |
|
Other reserves |
25.1 |
27.3 |
22.1 |
|
Profit brought forward from previous year(s) |
1.8 |
1.7 |
4.2 |
|
Total
stockholders equity |
36.2 |
39.0 |
36.0 |
|
Provisions and allowances |
9.3 |
6.8 |
6.6 |
|
Trade creditors |
3.8 |
3.7 |
3.8 |
|
Total current
liabilities |
27.7 |
29.3 |
33.9 |
|
Total
liabilities (including net worth) |
73.2 |
75.1 |
76.5 |
|
Intangibles |
0.4 |
0.4 |
- |
|
Total tangible
fixed assets |
44.2 |
47.7 |
46.0 |
|
Total
non-current assets |
44.6 |
48.1 |
46.0 |
|
Net stocks and work in progress |
14.9 |
16.4 |
18.1 |
|
Trade debtors |
9.2 |
7.8 |
9.7 |
|
Other receivables |
3.1 |
1.8 |
1.6 |
|
Total
receivables |
12.3 |
9.6 |
11.4 |
|
Cash and liquid assets |
1.4 |
0.9 |
1.0 |
|
Total current
assets |
28.6 |
26.9 |
30.6 |
|
Total assets |
73.2 |
75.1 |
76.5 |
|
|
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Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.00 |
0.90 |
0.90 |
|
Acid test ratio |
0.50 |
0.40 |
0.40 |
|
Current liabilities to net worth |
0.77% |
0.76% |
0.94% |
|
Fixed assets to net worth |
1.25% |
1.25% |
1.28% |
|
Collection period |
41.60 |
38.70 |
43.90 |
|
Stock turnover rate |
5.40 |
4.50 |
4.50 |
|
Sales to net working capital |
88.30 |
-31.60 |
-24.20 |
|
Asset turnover |
1.10% |
0.98% |
1.06% |
|
Profit margin |
0.02% |
0.03% |
0.07% |
|
Return on assets |
0.02% |
0.03% |
0.08% |
|
Shareholders' return |
0.04% |
0.06% |
0.16% |
|
Sales per employee |
692.48 |
603.16 |
685.14 |
|
Profit per employee |
11.14 |
19.42 |
50.07 |
|
Return on capital |
0.01% |
0.02% |
0.13% |
|
Net worth |
35.8 |
38.6 |
36.0 |
|
Number of employees |
87 |
85 |
85 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.68.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.