|
Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
OCI NITROGEN B.V. |
|
|
|
|
Registered Office : |
Mijnweg 1, 6167AC Geleen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
31.03.2010 |
|
|
|
|
Com. Reg. No.: |
34388021 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Financial holding Manufacture of
fertilisers and nitrogen compounds |
|
|
|
|
No. of Employees : |
600 |
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 |
|
Status : |
Satisfactory |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name OCI Nitrogen B.V.
Tradename OCI
Nitrogen B.V.
OCI Agro
OCI Melamine
Address Mijnweg
1
6167AC Geleen
Mail address Postbus
601
6160AP Geleen
Telephone number 0467020111
Telefax number 0464528615
E-mail address info@ocintrogen.com
Website www.ocinitrogen.com
VAT number / RSIN 822255364
Structuur change: Op 31
may 2010 werden de meststof en melamine-objective van DSM verkocht aan
Orascom
Construction Industries.
Samen zijn ze
onderdeel zijn van OCI stikstof, dat is gevestigd in
Orascom
Construction Industries heeft 100% van het bedrijf.
(On 31 may 2010, the fertilizer and melamine-objective of DSM sold to Orascom Construction Industries.
Together they are part
of OCI nitrogen, which is located in
Orascom Construction Industries has acquired 100% of the
company.
)
|
Handelsregisternummer |
34388021 |
|
First registration |
31-03-2010 |
|
Act of foundation |
31-03-2010 |
|
Date of constitution |
31-03-2010 |
|
Last change in statutes |
01-01-2012 |
|
Legal form |
Besloten
Vennootschap (Limited
Company) |
|
Place of constitution |
Sittard-Geleen |
|
Capital |
EUR 90.000 |
|
Issued capital |
EUR 18.000 |
|
Paid up capital |
EUR 18.000 |
|
NACE-code |
Financial holding (65234) |
|
SBI-code |
Manufacture of
fertilisers and nitrogen compounds (2015) Financial holding (642) Financial
holding (6420) |
|
Formal objective |
Holding en financiering,
(doen) winnen, (doen) vervaardigen, (doen) verwerken van en (doen) handelen
in plantenvoedende chemicalien, meststoffen en andere producten, productie
van, alsmede handel in chemische producten (waaronder melamine en ureum),
meststoffen en aanverwante artikelen, raw materials daaronder begrepen,
produceren van ammoniak, in- en sales van ammoniak en bijproducten.
Werkzaamheden op het terrein van de chemische industrie, in het bijzonder in
de productie van, alsmede de handel in stikstofhoudende meststoffen, ammonia
producten en melamine. (Holding
and financing, (do) win (do) manufacturing, (do)
processingand (do) act in plant nutrient chemicals,
fertilizers and other products, production of and trade
in chemical products (including melamine
and urea) fertilizers and related items, including raw materials,
production of ammonia, import and sales of ammonia
and by-products. Work in the field of chemical industry,
particularly in the production of and trade in nitrogen
fertilizers, ammonia and melamine products.) |
|
Employees Employees according to
CoC |
Total: 600 Chamber of commerce: 600 |
|
|
|
Bookyear |
|
2012 |
2010 |
|
Number Change |
|
600 45,99% |
411 |
Shareholder
OCI Fertilizer International B.V.
Strawinskylaan 3105
1077ZX
KvK: 34360795
Active since: 31-03-2010
Percentage: 100.00%
Ultimate parent
company
OCI Fertilizer Holding Limited
990005233926
Holding company
OCI Fertilizer International B.V.
Strawinskylaan 3105
1077ZX
KvK: 34360795
Subsidiary Trident B.V.
Poststraat 1
6135KR SITTARD
KvK: 14041564
OCI
Burgemeester Lemmensstr 350
6163JT GELEEN
KvK: 14105951
OCI Terminal Europoort B.V.
Wolgaweg 31
3198LR EUROPOORT
KvK: 24330420
OCI
Mijnweg 1
6167AC GELEEN
KvK: 50078461
Affiliated
companies
Iapetus B.V.
Strawinskylaan 3105
1077ZX
KvK: 52116220
Bank ABN AMRO Bank
Management J. ten Berge
Jacob
Authorization: Jointly authorized
Position: Manager
Date appointed: 15-08-2010
Date of birth: 11-06-1962
J. ten Berge
Jacob
Authorization: Limited authorization
Position: Manager
Date appointed: 15-08-2010
Date of birth: 11-06-1962
F.R. Choufoer
Frank Robert
Authorization: Limited authorization
Position: Manager
Date appointed: 01-01-2012
Date of birth: 02-06-1951
M.A.M.M. van Doorn
Marcus Albertus Martha Maria
Authorization: Limited authorization
Position: Manager
Date appointed: 01-01-2012
Date of birth: 28-09-1966
L.F.H.G. Frissen
Leonardus Franciscus Hubertus
Authorization: Limited authorization
Position: Manager
Date appointed: 01-01-2012
Date of birth: 22-04-1965
G.J.S. de Geus
Gert Jan Stephan
Authorization: Limited authorization
Position: Manager
Date appointed: 01-01-2012
Date of birth: 14-12-1963
M.W.M. Scheerhoorn
Martinus Wilhelmus Maria
Authorization: Limited authorization
Position: Manager
Date appointed: 01-01-2012
Date of birth: 11-11-1959
R.J.M. Zwiers
Renso Johannes Marinus
Authorization: Jointly authorized
Position: Manager
Date appointed: 15-08-2010
Date of birth: 15-04-1955
R.J.M. Zwiers
Renso Johannes Marinus
Authorization: Limited authorization
Position: Manager
Date appointed: 15-08-2010
Date of birth: 15-04-1955
E. van Aken
Everhard
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 23-11-1961
C.H. Boonen
Cornelis Hubertus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 07-12-1975
J.M. Brown
Jeanette May
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 08-07-1970
K.H.M. Ceyssens
Koen Harry Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 25-01-1967
J.B.J. Claassen
Johannes Bernardus Jacobus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 14-07-1954
J.M.M. Demandt
Jozef Matheus Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 21-09-1959
J.F.F.Y. Eurlings
Jorg Fieny Frans Yvonne
Authorization: Limited authorization (max: €
50.000)
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 24-12-1979
R.M.F. Eussen
Ruben Maria Franciscus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 29-04-1978
R. Foppen
Renger
Authorization: Limited authorization (max: €
50.000)
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 01-04-1952
A. de Haas - Bronner
Andrea-Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 20-12-1959
R.C. Hendriks - van Bakel
Ruby Cinthya
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 12-04-1957
D.J.H. van Heugten
Diederik Joseph Hubert
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 07-12-1969
N.M.J. Huveneers
Norbert Maria Jozef
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 03-02-1966
S.J.L. Jenneskens
Sjoerd Jacobus Lambertus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 03-08-1976
P.P. de Jong
Paulus Peter
Authorization: Limited authorization (max: €
50.000)
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 19-12-1961
K.B. Kwee
Kian Bing
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 13-06-1973
B.M.W. Leclerq
Bianca Maria Wilhelmina
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 28-08-1978
S.L.H. Liem
Sandra Lie Hwa
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-02-2012
Date of birth: 27-09-1962
M.I.A. Moling
Mathieu Ida Antonius
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 21-11-1958
M.J.F. Nillesen
Martijn Joan Frederik
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 31-08-1966
F.H.M. Salogiannis - Vandewal
Francine Hubertina Maria
Authorization: Limited authorization (max: €
50.000)
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 22-05-1959
F.J.H. Scheeren
Frans Jozef Hubert
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 07-05-1951
W. Simons
Wout
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 21-11-1962
A.J. Spytkowski
Anita Josephine
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 11-09-1966
A. Torres Centellas
Alvaro
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 07-12-1974
H.H.M.M. Verstraeten
Hans Henricus Matheus Marie
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 04-07-1957
Payment experiences Payments
are regular, no complaints are known
Payments Based on
multiple payment experiences up to € 15.000
· Quarter: 3 2011: 33 Average days
· Quarter: 4 2011: 59 Average days
· Quarter: 1 2012: 58 Average days
· Quarter: 2 2012: 87 Average day
|
|
invoices |
current quarter |
2012 Q1 |
2011 Q4 |
2011 Q3 |
|
|
Total |
20 |
100% |
12.256 |
15.097 |
13.170 |
14.483 |
|
Within terms |
10 |
89,5% |
10.964 |
8.259 |
7.120 |
13.100 |
|
Delayed 0 - 30 |
|
0,0% |
|
6.568 |
6.050 |
1.383 |
|
Delayed 31 - 60 |
|
0,0% |
|
|
|
|
|
Delayed 61 - 90 |
|
|
|
|
|
|
|
Delayed 91 - 120 |
2 |
4,2% |
517 |
108 |
|
|
|
Delayed 120+ days |
2 |
6,3% |
775 |
162 |
|
|
|
|
|
|
Publication financial statement |
Annual accounts 2010 are published
on 19-09-2011 |
|
Type of publication |
Consolidated |
|
Annual accounts van |
OCI Nitrogen B.V. |
|
|
Mijnweg 1 |
|
|
6167AC Geleen |
|
|
KvK: 34388021 |
|
Publication |
Publication according to
obligations by law |
|
CORE FIGURES |
|
|
BOOKYEAR |
2010 |
|
Quick ratio |
0,81 |
|
Current ratio |
1,06 |
|
Nett workingcapital / Balance
total |
0,03 |
|
Capital and reserves / Balance
total |
0,24 |
|
Capital and reserves / Fixed
assets |
0,47 |
|
Solvency |
0,33 |
|
Nett workingcapital |
14.044.000 |
|
Capital and reserves |
130.918.000 |
|
Nett Turnover |
507.011.000 |
|
Annual accounts |
The
company is obligated to publish its annual accounts |
|
Last annual accounts |
2010 |
|
Type of publication |
Consolidated |
|
Turnover |
2010:
507.011.000 |
|
Result after taxes |
2010:
37.362.000 |
|
Tendency |
Not to be
judged |
|
Capital and reserves |
2010
130.918.000 |
|
Total debt |
2010
417.000.000 |
|
Current ratio |
2010 1,06 |
|
Quick ratio |
2010 0,81 |
|
Nett workingcapital |
2010
14.044.000 |
|
Profitability |
Not to be
judged |
|
Solvency |
Positive |
|
Liquidity |
Positive |
|
Currency |
Euro |
|
|
|
|
BOOKYEAR |
2010 |
|
End of bookyear |
31-12-2010 |
|
Intangible assets |
58.166.000 |
|
Tangible assets |
179.549.000 |
|
Financial assets |
41.203.000 |
|
Fixed assets |
278.918.000 |
|
Stocks and work in progress |
62.891.000 |
|
Trade debtors |
103.373.000 |
|
Other amounts receivable |
34.186.000 |
|
Liquid assets |
68.550.000 |
|
Current assets |
269.000.000 |
|
Total assets |
547.918.000 |
|
Capital and reserves |
130.918.000 |
|
Provisions |
16.824.000 |
|
Long term liabilities |
145.220.000 |
|
Other short term debts |
174.226.000 |
|
Total short term debt |
254.956.000 |
|
Total debt |
417.000.000 |
|
Total Liabilities |
547.918.000 |
|
|
|
|
PROFIT & LOSS ACCOUNT |
|
|
BOOKYEAR |
2010 |
|
Turnover |
507.011.000 |
|
Nett Turnover |
507.011.000 |
|
Operating charges |
456.060.000 |
|
Financial income |
3.181.000 |
|
Financial charges |
4.920.000 |
|
Result participations |
1.320.000 |
|
Result before taxes |
1.320.000 |
|
Income taxes |
17.073.000 |
|
Extraordinary income |
3.529.000 |
|
Extraordinary result |
3.529.000 |
|
Nett result |
37.362.000 |
Merger and
demerger Op 31-12-2011 merger taken place. New
registration: OCI Nitrogen B.V., 34388021
Disappearing registration: OCI Agro B.V.,
14041561 OCI Melamine B.V., 14052089
Kunstmesthandel Van Breen B.V., 14052075
Limburgs Scheepvaartkantoor B.V.,
14052691.
Op 30-06-2011 merger proposal filed. New
registration: OCI Nitrogen B.V., 34388021
Disappearing registration: OCI Agro B.V.,
14041561 OCI Melamine B.V., 14052089
Kunstmesthandel Van Breen B.V., 14052075
Limburgs Scheepvaartkantoor B.V.,
14052691.
Management
Since 01-02-2012 is Proxy Sandra Lie Hwa Liem appointed.
Since 01-01-2012 is Proxy Martijn Joan Frederik Nillesen appointed.
Since 01-01-2012 is Proxy Hans Henricus Matheus Marie Verstraeten
appointed.
Since 01-01-2012 is Proxy Frank Robert Choufoer appointed.
Since 01-01-2012 is Proxy Jozef Matheus Maria Demandt appointed.
Since 01-01-2012 is Proxy Renger Foppen appointed.
Since 01-01-2012 is Proxy Jorg Fieny Frans Yvonne Eurlings appointed.
Since 01-01-2012 is Proxy Francine Hubertina Maria Salogiannis-Vandewal
appointed.
Since 01-01-2012 is Proxy Diederik Joseph Hubert van Heugten appointed.
Since 01-01-2012 is Proxy Frans Jozef Hubert Scheeren appointed.
Since 01-01-2012 is Proxy Johannes Bernardus Jacobus Claassen appointed.
Since 01-01-2012 is Proxy Alvaro Torres Centellas appointed.
Since 01-01-2012 is Proxy Norbert Maria Jozef Huveneers appointed.
Since 01-01-2012 is Proxy Andrea-Maria de Haas-Bronner appointed.
Since 01-01-2012 is Proxy Jeanette May Brown appointed.
Since 01-01-2012 is Proxy Ruby Cinthya Hendriks-van Bakel appointed.
Since 01-01-2012 is Proxy Everhard van Aken appointed.
Since 01-01-2012 is Proxy Bianca Maria Wilhelmina Leclerq appointed.
Since 01-01-2012 is Proxy Gert Jan Stephan de Geus appointed.
Since 01-01-2012 is Proxy Koen Harry Maria Ceyssens appointed.
Since 01-01-2012 is Proxy Kian Bing Kwee appointed.
Since 01-01-2012 is Proxy Paulus Peter de Jong appointed.
Since 01-01-2012 is Proxy Anita Josephine Spytkowski appointed.
Since 01-01-2012 is Proxy Marcus Albertus Martha Maria van Doorn
appointed.
Since 01-01-2012 is Proxy Martinus Wilhelmus Maria Scheerhoorn
appointed.
Since 01-01-2012 is Proxy Wout Simons appointed.
Since 15-08-2010 is Proxy Renso Johannes Marinus Zwiers appointed.
Since 01-05-2011 is Proxy 33126512 TMF Netherlands B.V. out of office.
Since 15-08-2010 manager Jacob ten Berge appointed.
Since 15-08-2010 manager Renso Johannes Marinus Zwiers appointed.
Since 15-08-2010 manager 34360795 OCI Fertilizer International B.V. out
of office.
Since 01-08-2010 is Proxy 33126512 Equity Trust Co. N.V. appointed.
Since 31-03-2010 manager 34360795 OCI Fertilizer International B.V.
appointed.
Modifications Since 31-12-2011 statutes modified. Office changed to:
Sittard-Geleen.
Since 30-8-2010 statutes modified.
Since 1-7-2010 statutes modified.
OCI Fertilizer Holding Limited (990005233926)
OCI Fertilizer
International B.V. (34360795)
AMSTERDAM
Subsidiary
OCI Nitrogen B.V.
(34388021)
Geleen
Subsidiary
Betreft creditrating op
OCI Nitrogen B.V.
Trident B.V. (14041564)
SITTARD
Subsidiary
OCI China Holding
B.V. (14105951)
GELEEN
Subsidiary
OCI Terminal
Europoort B.V. (24330420)
EUROPOORT ROTTERDAM
Subsidiary
OCI Far East
Holding B.V. (50078461)
GELEEN
Subsidiary
Iapetus B.V.
(52116220)
AMSTERDAM
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.46 |
|
UK Pound |
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.