MIRA
INFORM REPORT
|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HKS SCRAP METALS B.V. |
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|
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Registered Office : |
Havenweg 1, 3295XZ 's-Gravendeel |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.07.1992 |
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|
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Com. Reg. No.: |
23070691 |
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Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Manufacturer of
fabricated metal products |
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|
|
|
No. of Employees : |
187 |
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 : |
Good |
|
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 |
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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 HKS
Scrap Metals B.V.
Tradename HKS
Metals
HKS Hoogovens Klockner Scrap Metals
Klockner Scrap Trading & Processing
HKS Metals
HKS Metals 's-Gravendeel
HKS Metals Henrik Ido Ambacht
HKS Metals
HKS Metals
HKS Metals
Hollandia Schroot
IJzerwerf Twente
Hoogovens Metals
HKS Metals Stein
Address Havenweg
1
3295XZ 's-Gravendeel
Mail address Postbus
5165
3295ZH 's-Gravendeel
Telephone number 0786739200
Telefax number 0786734522
E-mail address amj.oudshoorn@hks.nl
Website www.hks.nl
VAT number / RSIN 800843496
Branch(es) 6
branches
CREDIT LIMIT
Specification credit limit The
company can fulfil all its obligations. Within the context of a credit report
the
credit is
maximalized to the shown credit limit.
COMPANY INFORMATION
|
|
|
|
Handelsregisternummer |
23070691 |
|
Registered
in |
Chamber of
commerce |
|
First
registration |
09-07-1992 |
|
Act of
foundation |
29-06-1992 |
|
Date of
constitution |
29-06-1992 |
|
Last
change in statutes |
21-08-1998 |
|
Legal form |
Besloten
Vennootschap (Limited
Company) |
|
Place of
constitution |
's-Gravendeel |
|
Capital |
EUR
54.453.625,93 |
|
Issued
capital |
EUR
18.151.208,64 |
|
Paid up
capital |
EUR
18.151.208,64 |
|
NACE-code |
MANUFACTURE
OF FABRICATED METAL PRODUCTS (28) Manufacture of other fabricated metal
products (287503) |
|
SBI-code |
Manufacture
of fabricated metal products, except machinery and equipment (25) Wholesale
of iron and steel scrap and used nonferrous metals (46772) |
|
Formal
objective |
Het verkrijgen van onroerende goods, het verrichten van
sloopwerkzaamheden en handel in metalen; deelnemen in vennootschappen, ver-
werken van schroot |
|
Import |
The whole world |
|
Export |
The whole world |
|
Employees |
Total: 187 |
|
|
|
|
Bookyear |
|
2012 |
2010 |
2009 |
|
Number |
|
187 |
187 |
188 |
|
Change |
|
0,00% |
-0,53% |
11,24% |
COMPANY STRUCTURE
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Shareholder |
Tata Steel |
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|
Wenckebachstraat 1 |
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|
1951JZ Velsen-Noord |
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KvK: 34040331 |
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|
Percentage: 50.00% |
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Euro-Scrap |
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|
Havenweg 1 |
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3295XZ 'S-GRAVENDEEL |
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|
|
|
|
KvK: 23089599 |
|
|
Percentage: 50.00% |
Bank Fortis
Bank (
Account number:
24.00.10.604
ING Bank NV
Account number:
65.59.23.039
Management C.J.
Heuvelman
Cornelis Johannes
Authorization: Jointly authorized
Position: Manager
Date appointed: 01-10-2006
Date of birth: 06-09-1950
D. Reuter
Denis
Authorization: Jointly authorized
Position: Financieel manager
Date appointed: 01-04-2012
Date of birth: 13-01-1977
T.J. Henrar
Theodore Johan
Position: Commissaris
Date appointed: 08-07-2008
Date of birth: 12-08-1958
Other directorships:
- Manager: Tata Steel
- Manager: Tata Steel
- Proxy: Tata Steel
W.R. Kämper
Wolfgang Reinhard
Position: Commissaris
Date appointed: 01-01-2010
Date of birth: 18-06-1964
E.A. Leijnse
Edwin Adriaan
Position: Commissaris
Date appointed: 18-11-2011
Date of birth: 01-09-1967
F.O. Nielsen
Frants Otto
Position: Commissaris
Date appointed: 01-07-2007
Date of birth: 22-12-1958
S.M. van der Wekken
Stoffel Marinus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-04-2012
Date of birth: 15-10-1967
P.D. Versteeg
Pieter Dirk
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-06-2005
Date of birth: 15-03-1971
PAYMENT INFORMATION
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 50.000
Quarter:
3 2011: 68 Average days
Quarter:
4 2011: 45 Average days
Quarter:
1 2012: 54 Average days
|
|
invoices |
current quarter |
2012 Q1 |
2011 Q4 |
2011 Q3 |
|
|
Total |
293 |
100% |
424.481 |
420.472 |
429.889 |
494.150 |
|
Within terms |
136 |
41,6% |
176.381 |
172.372 |
288.623 |
108.234 |
|
Delayed 0 - 30 |
142 |
58,4% |
248.100 |
248.100 |
101.899 |
261.391 |
|
Delayed 31 - 60 |
|
0,0% |
|
|
35.579 |
124.525 |
|
Delayed 61 - 90 |
1 |
0,0% |
|
|
3.788 |
|
|
Delayed 91 - 120 |
|
|
|
|
|
|
|
Delayed 120+ days |
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|
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|
FINANCIAL INFORMATION
|
Auditor Publication financial statement |
BDO
Campsobers Accountants & Belastingadviseurs B.V. ·
Annual
accounts 2010 are published on 19-03-2012 Annual accounts 2009 are
published on 19-10-2010 Annual accounts 2008 are
published on 03-02-2010 Annual accounts 2007 are
published on 04-08-2008 |
|
Type of publication Publication |
Corporate Publication according to
obligations by law |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,65 |
0,52 |
0,56 |
|
Current ratio |
1,48 |
1,43 |
1,38 |
|
Nett workingcapital / Balance
total |
0,23 |
0,21 |
0,15 |
|
Capital and reserves / Balance
total |
0,45 |
0,47 |
0,53 |
|
Solvency |
0,90 |
0,96 |
1,29 |
|
Capital and reserves / Fixed
assets |
1,60 |
1,52 |
1,20 |
|
Nett workingcapital |
21.040.757 |
16.481.000 |
9.495.000 |
|
Capital and reserves |
40.296.903 |
36.923.000 |
32.841.000 |
|
Change capital and reserves |
9,14% |
12,43% |
-2,60% |
|
change short term liabilities |
16,45% |
52,51% |
-44,97% |
|
Nett Turnover |
354.574.967 |
221.250.000 |
410.303.000 |
|
Operating profit |
7.757.152 |
6.023.000 |
6.154.000 |
|
Profitability operating profit |
positive |
positive |
positive |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2010
|
Type of publication |
Corporate |
|
|
Turnover |
2010: |
354.574.967 |
|
|
2009: |
221.250.000 |
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|
2008: |
410.303.000 |
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2007: |
393.282.000 |
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|
2006: |
366.880.000 |
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|
2005: |
292.584.000 |
|
Gross profit |
2007: |
38.506.000 |
|
|
2006: |
36.842.000 |
|
|
2005: |
26.271.000 |
|
Operating profit |
2010: |
7.185.450 |
|
|
2009: |
6.023.000 |
|
|
2008: |
6.154.000 |
|
|
2007: |
10.287.000 |
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|
2006: |
9.860.000 |
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|
2005: |
-848.000 |
|
Result after taxes |
2010: |
5.604.303 |
|
|
2009: |
4.100.000 |
|
|
2008: |
3.126.000 |
|
|
2007: |
6.587.000 |
|
|
2006: |
6.682.000 |
|
|
2005: |
-871.000 |
Capital and reserves 2010
40.296.903
Total debt 2010
50.191.382
Current ratio 2010
1,48
Quick ratio 2010
0,65
Nett workingcapital 2010
21.040.757
Profitability Positive
Solvency Positive
Liquidity Positive
BALANCE
sheet
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Other intangible assets |
|
9.000 |
36.000 |
|
Intangible assets |
1.350 |
9.000 |
36.000 |
|
Tangible assets |
25.234.678 |
23.676.000 |
26.531.000 |
|
Financial assets |
|
684.000 |
687.000 |
|
Fixed assets |
25.236.028 |
24.369.000 |
27.254.000 |
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|||
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Stocks and work in progress |
36.530.374 |
34.877.000 |
20.415.000 |
|
Trade debtors |
|
14.127.000 |
10.417.000 |
|
Other amounts receivable |
|
5.383.000 |
3.445.000 |
|
Accounts receivable |
28.688.165 |
19.510.000 |
13.863.000 |
|
Liquid assets |
33.718 |
59.000 |
112.000 |
|
Current assets |
65.252.257 |
54.446.000 |
34.389.000 |
|
Total assets |
90.488.285 |
78.815.000 |
61.643.000 |
|
|
|||
|
Capital and reserves |
40.296.903 |
36.923.000 |
32.841.000 |
|
Provisions |
5.361.018 |
3.267.000 |
3.265.000 |
|
Achtergestelde leningen |
|
660.000 |
644.000 |
|
Long term liabilities |
618.864 |
660.000 |
644.000 |
|
Other short term debts |
|
18.928.000 |
12.275.000 |
|
Total short term debt |
44.211.500 |
37.965.000 |
24.894.000 |
|
Total debt |
50.191.382 |
41.892.000 |
28.803.000 |
|
Total Liabilities |
90.488.285 |
78.815.000 |
61.643.000 |
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Turnover |
|
220.617.000 |
410.118.000 |
|
Other operating income |
|
633.000 |
185.000 |
|
Nett Turnover |
354.574.967 |
221.250.000 |
410.303.000 |
|
Cost of sales |
314.244.089 |
|
|
|
Gross profit |
40.330.878 |
|
|
|
Wages employees |
9.537.465 |
8.072.000 |
8.800.000 |
|
Depreciation and amortization |
4.267.336 |
4.434.000 |
4.181.000 |
|
Raw materials |
|
190.989.000 |
373.016.000 |
|
Other operating charges |
18.768.925 |
11.732.000 |
18.152.000 |
|
Operating charges |
32.573.726 |
215.227.000 |
404.150.000 |
|
Operating profit |
7.757.152 |
6.023.000 |
6.154.000 |
|
Financial income |
3.262 |
1.000 |
|
|
Financial charges |
574.964 |
534.000 |
|
|
Financial result |
-571.702 |
-533.000 |
-1.869.000 |
|
Result before taxes |
7.185.450 |
5.490.000 |
4.285.000 |
|
Income taxes |
1.581.147 |
1.389.000 |
1.158.000 |
|
Result after taxes |
5.604.303 |
4.100.000 |
3.126.000 |
|
Nett result |
5.604.303 |
4.100.000 |
3.126.000 |
History
|
|
|
|
|
|
Management |
Since |
01-04-2012 |
is Proxy Stoffel Marinus
van der Wekken appointed. |
|
|
Since |
01-04-2012 |
manager Denis Reuter appointed. |
|
|
Since |
01-04-2012 |
manager Aris Marinus
Johannes Oudshoorn out of office. |
|
|
Since |
01-04-2012 |
is Proxy Gerrit Jan
Oortgiesen out of office. |
|
|
Since |
18-11-2011 |
is Commissaris Edwin
Adriaan Leijnse appointed. |
|
|
Since |
18-11-2011 |
is Commissaris Ulrich
Theodoor Althoff out of office. |
|
|
Since |
15-06-2010 |
is Commissaris Ulrich
Theodoor Althoff appointed. |
|
|
Since |
15-06-2010 |
is Commissaris Markus
Maria Barg out of office. |
|
|
Since |
01-01-2010 |
is Commissaris Wolfgang
Reinhard Kamper appointed. |
|
|
Since |
31-12-2009 |
is Commissaris Sven
Averhage out of office. |
|
|
Since |
11-12-2008 |
is Commissaris Ulrich
Theodor Althoff out of office. |
Company structure
HKS Scrap Metals B.V. (23070691)
's-Gravendeel
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED s 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.