MIRA
INFORM REPORT
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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
JACQUET |
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Registered Office : |
Volume 119b, Purmerend,
1446 WH |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.12.1991 |
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Com. Reg. No.: |
36050094 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
marketing semifinished metal products, except
precious metals |
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No. of Employees : |
Not Available |
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
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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 & address
Jacquet
Volume 119b
Purmerend, 1446 WH
Tel: 31 (299) 47 98 79
Fax: 31 (299) 47 14 37
Web: www.jacquet.nl
Synthesis
Employees: NA
Company Type: Private
Subsidiary
Corporate Family: 55
Companies
Ultimate Parent: Jacquet
Metal Service
Incorporation Date:
17-Dec-1991
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 8.9
Business Description
Jacquet Nederland B.V. is primarily engaged in marketing
semifinished metal products, except precious metals.
Establishments in this industry may operate with warehouses (metals
service centers) or without warehouses (metals sales offices).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3322 - Metal and
Mineral Wholesaling
NACE 2002: 5152 - Wholesale
of metals and ores
NAICS 2002: 423510 -
UK SIC 2003: 5152 - Wholesale
of metals and ores
US SIC 1987: 5051 -
Key Executives
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Name |
Title |
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Ron Kras |
Managing Director |
|
Aaike Vlugt |
Commercial Manager |
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L.I. De Jong |
Head of accounting department |
Registered No.(NLD): 36050094
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Volume 119b
Purmerend, 1446 WH
Tel: 31 (299) 47 98 79
Fax: 31 (299) 47 14 37
Web: www.jacquet.nl
Sales EUR(mil): NA
Assets EUR(mil): 6.6
Employees: NA
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Capital Goods
Incorporation Date: 17-Dec-1991
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(NLD): 36050094
Head of accounting department: L.I.
De Jong
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3322 - Metal and Mineral Wholesaling
NACE 2002 Codes:
5152 - Wholesale of metals and ores
NAICS 2002 Codes:
423510 -
US SIC 1987:
5051 -
5152 - Wholesale of metals and ores
Business
Description
Wholesale trade in metal plates and production of cut pieces in
high-value metals
More Business
Descriptions
Jacquet Nederland B.V. is primarily engaged in marketing semifinished
metal products, except precious metals. Establishments in this industry may
operate with warehouses (metals service centers) or without warehouses (metals
sales offices).
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Corporate
Family |
Corporate
Structure News: |
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Jacquet Nederland |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
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Miscellaneous Capital Goods |
1,725.0 |
2,185 |
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Subsidiary |
Saint-Priest |
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Miscellaneous Fabricated Products |
109.3 |
482 |
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Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
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Miscellaneous Capital Goods |
376.8 |
350 |
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Subsidiary |
MenĂn |
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Miscellaneous Capital Goods |
41.3 |
84 |
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Subsidiary |
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Miscellaneous Capital Goods |
35.7 |
76 |
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Subsidiary |
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Construction - Supplies and Fixtures |
41.5 |
60 |
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Subsidiary |
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Miscellaneous Capital Goods |
27.7 |
40 |
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Subsidiary |
NovĂ¡ky |
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Miscellaneous Capital Goods |
23.0 |
33 |
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Subsidiary |
Ă„lmhult |
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Miscellaneous Capital Goods |
29.4 |
23 |
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Subsidiary |
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Miscellaneous Capital Goods |
4.4 |
19 |
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Subsidiary |
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Miscellaneous Capital Goods |
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Subsidiary |
Almhult |
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Miscellaneous Capital Goods |
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Subsidiary |
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Miscellaneous Capital Goods |
172.5 |
200 |
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Subsidiary |
Kocaeli |
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Miscellaneous Capital Goods |
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Subsidiary |
Abadiño, Vizcaya |
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Miscellaneous Capital Goods |
111.5 |
185 |
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Subsidiary |
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Miscellaneous Capital Goods |
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50 |
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Subsidiary |
Saint Priest, Saint Priest |
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Business Services |
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85 |
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Subsidiary |
Clermont-Sous-Huy |
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Miscellaneous Capital Goods |
49.0 |
61 |
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Subsidiary |
Clermont-Sous-Huy |
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Iron and Steel |
0.0 |
55 |
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Subsidiary |
Sintra, Sintra |
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Oil and Gas Operations |
19.6 |
49 |
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Subsidiary |
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Miscellaneous Capital Goods |
14.0 |
49 |
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Subsidiary |
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Miscellaneous Capital Goods |
26.7 |
49 |
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Subsidiary |
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Miscellaneous Capital Goods |
8.3 |
32 |
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Subsidiary |
Herstal |
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Miscellaneous Capital Goods |
14.9 |
21 |
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Subsidiary |
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Iron and Steel |
13.7 |
20 |
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Subsidiary |
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Iron and Steel |
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12 |
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Subsidiary |
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Iron and Steel |
11.4 |
11 |
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Subsidiary |
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Miscellaneous Capital Goods |
10.3 |
9 |
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Subsidiary |
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Iron and Steel |
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9 |
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Subsidiary |
Hyvinkaa |
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Miscellaneous Capital Goods |
12.8 |
20 |
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Subsidiary |
Ohlsdorf |
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Miscellaneous Capital Goods |
7.5 |
20 |
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Subsidiary |
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Iron and Steel |
9.4 |
19 |
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Subsidiary |
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Commercial Banks |
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Subsidiary |
Hjo |
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Miscellaneous Capital Goods |
7.7 |
17 |
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Subsidiary |
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Restaurants |
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17 |
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Subsidiary |
Saint Priest |
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Miscellaneous Capital Goods |
4.9 |
14 |
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Subsidiary |
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Miscellaneous Capital Goods |
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11 |
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Subsidiary |
Epila, |
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Miscellaneous Capital Goods |
10.0 |
10 |
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Subsidiary |
Saint Priest |
France |
Miscellaneous Capital Goods |
6.6 |
10 |
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Subsidiary |
Aesch |
Switzerland |
Miscellaneous Capital Goods |
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10 |
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Subsidiary |
Herstal, Liege |
Belgium |
Iron and Steel |
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9 |
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Subsidiary |
Carre, Vicenza |
Italy |
Miscellaneous Capital Goods |
7.9 |
8 |
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Subsidiary |
Saint Priest |
France |
Miscellaneous Capital Goods |
10.9 |
7 |
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Subsidiary |
Bex |
Switzerland |
Miscellaneous Capital Goods |
1.4 |
5 |
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Subsidiary |
Saint Priest |
France |
Miscellaneous Capital Goods |
41.4 |
4 |
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Subsidiary |
Steinau |
Germany |
Iron and Steel |
13.6 |
4 |
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Subsidiary |
Vila Nova de Gaia |
Portugal |
Miscellaneous Capital Goods |
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4 |
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Subsidiary |
Gdansk |
Poland |
Miscellaneous Capital Goods |
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3 |
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Subsidiary |
Helmond |
Netherlands |
Miscellaneous Capital Goods |
52.6 |
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Subsidiary |
Paris |
France |
Miscellaneous Capital Goods |
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Subsidiary |
Vierzon |
France |
Miscellaneous Capital Goods |
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Subsidiary |
Purmerend |
Netherlands |
Miscellaneous Capital Goods |
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Subsidiary |
Drachten, Friesland |
Netherlands |
Miscellaneous Fabricated Products |
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28 |
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Subsidiary |
Prague |
Czech Republic |
Miscellaneous Capital Goods |
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Subsidiary |
Essen |
Germany |
Iron and Steel |
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Executive report
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Executives |
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Managing Director |
Managing Director |
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Head of accounting department |
Accounting Executive |
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Commercial Manager |
Marketing Executive |
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Annual Profit & Loss
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Gross profit |
3.8 |
3.8 |
6.5 |
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Total payroll costs |
0.9 |
1.0 |
1.1 |
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Change in value of fixed assets arising from revaluation |
0.0 |
0.0 |
0.1 |
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Other operating costs |
1.3 |
1.3 |
2.0 |
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Net operating income |
1.5 |
1.5 |
3.3 |
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Total financial income |
0.0 |
0.4 |
0.1 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
1.5 |
1.9 |
3.4 |
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Profit on ordinary activities after tax |
1.1 |
1.5 |
2.5 |
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Total taxation |
0.4 |
0.4 |
0.8 |
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Profit after tax |
1.1 |
1.5 |
2.5 |
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Net profit |
1.1 |
1.5 |
2.5 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Other reserves |
2.5 |
2.6 |
1.8 |
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Profit brought forward from previous year(s) |
1.2 |
1.5 |
2.4 |
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Total stockholders equity |
3.7 |
4.2 |
4.2 |
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Provisions and allowances |
0.1 |
- |
- |
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Trade creditors |
1.1 |
1.4 |
1.8 |
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Total current liabilities |
5.1 |
4.5 |
4.9 |
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Total liabilities (including net worth) |
8.9 |
8.7 |
9.1 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Total asset investment |
1.1 |
1.1 |
1.1 |
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Total non-current assets |
1.2 |
1.2 |
1.2 |
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Net stocks and work in progress |
0.7 |
0.4 |
1.0 |
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Trade debtors |
4.9 |
4.4 |
6.1 |
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Other receivables |
0.1 |
0.5 |
0.4 |
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Total receivables |
5.0 |
4.9 |
6.5 |
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Cash and liquid assets |
2.0 |
2.2 |
0.4 |
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Total current assets |
7.7 |
7.5 |
7.9 |
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Total assets |
8.9 |
8.7 |
9.1 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.60 |
1.60 |
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Acid test ratio |
1.40 |
1.60 |
1.40 |
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Current liabilities to net worth |
1.37% |
1.09% |
1.17% |
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Fixed assets to net worth |
0.32% |
0.30% |
0.29% |
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Return on assets |
0.17% |
0.22% |
0.35% |
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Shareholders' return |
0.41% |
0.46% |
0.76% |
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Profit per employee |
87.96 |
95.63 |
154.03 |
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Return on capital |
0.41% |
0.46% |
0.76% |
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Average wage per employee |
54.71 |
50.20 |
48.70 |
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Net worth |
3.7 |
4.2 |
4.2 |
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Number of employees |
13 |
14 |
15 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
UK Pound |
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
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 |
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NB |
New Business |
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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.