MIRA INFORM REPORT

 

 

Report Date :

03.11.2012

 

IDENTIFICATION DETAILS

 

Name :

KOSTER METALEN B.V.

 

 

Registered Office :

Zuiderkade 18, Beverwijk, 1948 NG

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.03.1985

 

 

Com. Reg. No.:

34058757

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Subject is engaged in demolition or wrecking of buildings and other structures; clearing of building sites; earthmoving: excavation, landfill for construction purposes, levelling and grading of construction sites, trench digging, rock removal, blasting, etc.; site preparation for mining (earth moving and other development and preparation of mineral properties and sites)

 

 

No. of Employees :

27 employees

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

 

Company name & address 

 

Koster Metalen B.V.

Zuiderkade 18

Beverwijk, 1948 NG

Netherlands

 Tel:      +31 0251-225044

Fax:      +31 0251-212471

 

 

Synthesis     

 

Employees:                  27

Company Type:            Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:            Stichting Administratiekantoor Burkos Beheer

Incorporation Date:         14-Mar-1985    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                NA

Total Assets:                35.8

 

 

Business Description     

 

Koster Metalen B.V. is primarily engaged in demolition or wrecking of buildings and other structures; clearing of building sites; earthmoving: excavation, landfill for construction purposes, levelling and grading of construction sites, trench digging, rock removal, blasting, etc.; site preparation for mining (earth moving and other development and preparation of mineral properties and sites). This class also includes: building site drainage; and drainage of agricultural or forestry land.

 

Industry             

Industry            Construction Services

ANZSIC 2006:    3212 - Site Preparation Services

NACE 2002:      4511 - Demolition and wrecking of buildings; earth moving

NAICS 2002:     238910 - Site Preparation Contractors

UK SIC 2003:    4511 - Demolition and wrecking of buildings; earth moving

UK SIC 2007:    4312 - Site preparation

US SIC 1987:    1795 - Wrecking and Demolition Work

 

           


Key Executives   

 

Name               Title    

B. Burghout       Marketing manager       

N. Koster          Purchasing manager     

A. Van De Berg Personnel manager       

 

Registered No.(NLD): 34058757

 

 

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

Zuiderkade 18

Beverwijk, 1948 NG

Netherlands

Tel:       +31 0251-225044

Fax:      +31 0251-212471

           

Sales EUR(mil):             NA

Assets EUR(mil):           26.7

Employees:                   27

Fiscal Year End:            31-Dec-2010

Industry:                        Construction Services

Incorporation Date:         14-Mar-1985

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(NLD):     34058757

Personnel manager:       A. Van De Berg

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3212     -          Site Preparation Services

3322     -          Metal and Mineral Wholesaling

6639     -          Other Goods and Equipment Rental and Hiring Not Elsewhere Classified

 

NACE 2002 Codes:

4511     -          Demolition and wrecking of buildings; earth moving

5157     -          Wholesale of waste and scrap

7134     -          Renting of other machinery and equipment not elsewhere classified

 

NAICS 2002 Codes:

238910  -          Site Preparation Contractors

532490  -          Other Commercial and Industrial Machinery and Equipment Rental and Leasing

423930  -          Recyclable Material Merchant Wholesalers

 

US SIC 1987:

1795     -          Wrecking and Demolition Work

5093     -          Scrap and Waste Materials

7359     -          Equipment Rental and Leasing, Not Elsewhere Classified

 

UK SIC 2003:

4511     -          Demolition and wrecking of buildings; earth moving

7134     -          Renting of other machinery and equipment not elsewhere classified

5157     -          Wholesale of waste and scrap

 

UK SIC 2007:

4312     -          Site preparation

7739     -          Renting and leasing of other machinery, equipment and tangible goods n.e.c.

4677     -          Wholesale of waste and scrap

 

Business Description

Koster Metalen B.V. is primarily engaged in demolition or wrecking of buildings and other structures; clearing of building sites; earthmoving: excavation, landfill for construction purposes, levelling and grading of construction sites, trench digging, rock removal, blasting, etc.; site preparation for mining (earth moving and other development and preparation of mineral properties and sites). This class also includes: building site drainage; and drainage of agricultural or forestry land.

 

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

26.7

Current Assets:

23.9

 

Total Liabilities:

26.7

 

Net Worth:

2.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

ABN AMRO Bank NV

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Koster Metalen B.V.

Koster Metalen B.V. 
Total Corporate Family Members: 3 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Stichting Administratiekantoor Burkos Beheer

Parent

 

 

 

 

 

 

Burkos Beheer B.V.

Subsidiary

Beverwijk, Noord-Holland

Netherlands

Waste Management Services

 

 

 

Koster Metalen B.V.

Subsidiary

Beverwijk, Noord-Holland

Netherlands

Construction Services

 

20

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

A. Van De Berg

 

Personnel manager

Human Resources Executive

 

B. Burghout

 

Marketing manager

Marketing Executive

 

N. Koster

 

Purchasing manager

Purchasing Executive

 

 

 

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

Consolidated

No

No

No

 

 

 

 

Gross profit

12.5

9.3

9.4

Total payroll costs

1.9

1.5

1.6

Change in value of fixed assets arising from revaluation

0.7

1.2

1.0

Other operating costs

7.4

4.7

5.7

Net operating income

2.5

1.9

1.2

Total financial income

0.1

0.2

0.0

Total expenses

1.1

0.9

1.1

Profit before tax

1.5

1.2

0.1

Profit on ordinary activities after tax

1.1

0.9

0.2

Other taxes

0.0

-

-

Total taxation

0.4

0.3

-0.1

Profit after tax

1.1

0.9

0.2

Net profit

1.2

0.9

0.2

 

 

Annual Balance Sheet

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

 

 

 

 

Surplus of revaluation

-

0.1

0.1

Other reserves

3.8

2.7

1.7

Total reserves

0.0

0.0

0.0

Total stockholders equity

3.8

2.8

1.9

Provisions and allowances

0.3

0.0

0.2

Total long-term liabilities

1.0

1.0

1.4

Total current liabilities

30.7

25.6

27.0

Total liabilities (including net worth)

35.8

29.5

30.5

Total tangible fixed assets

3.8

2.9

4.5

Total non-current assets

3.8

2.9

4.5

Net stocks and work in progress

20.5

16.6

15.4

Total receivables

11.5

9.9

10.5

Cash and liquid assets

0.0

0.1

0.0

Total current assets

32.0

26.6

25.9

Total assets

35.8

29.5

30.5

 

 

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

1.00

1.00

Acid test ratio

0.40

0.40

0.40

Current liabilities to net worth

8.00%

8.99%

10.00%

Fixed assets to net worth

0.99%

1.02%

2.41%

Return on assets

0.04%

0.04%

0.00%

Shareholders' return

0.40%

0.43%

0.06%

Profit per employee

42.83

34.44

2.77

Return on capital

0.08%

0.09%

-0.27%

Average wage per employee

52.01

41.95

36.94

Net worth

3.8

2.8

1.9

Number of employees

27

25

29

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.66

UK Pound

1

Rs.86.37

Euro

1

Rs.69.24

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.