MIRA INFORM REPORT

 

 

Report Date :

08.11.2012

 

IDENTIFICATION DETAILS

 

Name :

CPH CHEMICALS B.V.

 

 

Registered Office :

Amsterdamseweg 204A, Amstelveen, 1182 HL

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

10.02.2000

 

 

Com. Reg. No.:

34120752

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Subject markets and distributes a range of chemical products.

 

 

No. of Employees :

20 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 

 

Cph Chemicals B.V.

Amsterdamseweg 204A

Amstelveen, 1182 HL

Netherlands

 

Tel:       31204260900

Fax:      31204260901

 

Web:    www.cphchemicals.com

           

 

Synthesis

 

Employees:                  20

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Cph Chemicals Holding B.V.

Incorporation Date:         10-Feb-2000    

Financials in:                 USD (Millions)

Fiscal Year End:                       31-Dec-2011

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                26.8

 

 

Business Description     

 

CPH Chemicals bv (CHP) is a chemical company, based in the Netherlands. The company markets and distributes a range of chemical products. Its products include fiber intermediates such as caprolactam, polyamide 6, polyamide 66, adipic acid and cyclohexanone; boron minerals such as boric acid, boric anhydride/oxide and disodium octaborate; and plastics such as HDPE, LDPE, PP and PET. The company’s base chemicals are titanium dioxide, zirconium dioxide and aluminum fluoride. It provides services from the initial contact to the transaction, from financing to logistics, from insurances to technical support. The company partner with DSM, AKZO NOBEL, LIFOSA, SCG and VKG. CHP is headquartered in Amstelveen, the Netherlands.

 

Industry             

Industry            Chemical Manufacturing

ANZSIC 2006:    3323 - Industrial and Agricultural Chemical Product Wholesaling

NACE 2002:      5155 - Wholesale of chemical products

NAICS 2002:     4246 - Chemical and Allied Products Merchant Wholesalers

UK SIC 2003:    5155 - Wholesale of chemical products

UK SIC 2007:    4675 - Wholesale of chemical products

US SIC 1987:    5169 - Chemicals and Allied Products, Not Elsewhere Classified

 

           

Key Executives   

 

Name                           Title    

Aboed Shabi                  Managing director         

P. Van De Graaf            Personnel manager       

 

 

Registered No.(NLD):     34120752

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327

 

 

Corporate Overview

 

Location

Amsterdamseweg 204A

Amstelveen, 1182 HL

Netherlands

Tel:       31204260900

Fax:      31204260901

Web:    www.cphchemicals.com

           

Sales EUR(mil):             NA

Assets EUR(mil):           20.6

Employees:                   20

Fiscal Year End:            31-Dec-2011

Industry:                        Chemical Manufacturing

Incorporation Date:         10-Feb-2000

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(NLD):     34120752

Managing director:         Aboed Shabi

 

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3323     -          Industrial and Agricultural Chemical Product Wholesaling

 

NACE 2002 Codes:

5155     -          Wholesale of chemical products

 

NAICS 2002 Codes:

4246     -          Chemical and Allied Products Merchant Wholesalers

 

US SIC 1987:

5169     -          Chemicals and Allied Products, Not Elsewhere Classified

 

UK SIC 2003:

5155     -          Wholesale of chemical products

 

UK SIC 2007:

4675     -          Wholesale of chemical products

 

Business Description

Cph Chemicals B.V. is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.

 

More Business Descriptions

CPH Chemicals bv (CHP) is a chemical company, based in the Netherlands. The company markets and distributes a range of chemical products. Its products include fiber intermediates such as caprolactam, polyamide 6, polyamide 66, adipic acid and cyclohexanone; boron minerals such as boric acid, boric anhydride/oxide and disodium octaborate; and plastics such as HDPE, LDPE, PP and PET. The company’s base chemicals are titanium dioxide, zirconium dioxide and aluminum fluoride. It provides services from the initial contact to the transaction, from financing to logistics, from insurances to technical support. The company partner with DSM, AKZO NOBEL, LIFOSA, SCG and VKG. CHP is headquartered in Amstelveen, the Netherlands.

 

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

20.6

Current Assets:

20.3

 

Total Liabilities:

20.6

 

Net Worth:

4.7

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

 

Subsidiaries

Company

Percentage Owned

Country

Global Wind And Solar Technologies B.V.

 

Netherlands

 

 

 

Key Corporate Relationships

Bank:

ABN AMRO Bank NV

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Cph Chemicals Holding B.V.
Cph Chemicals B.V.

Cph Chemicals B.V. 
Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Cph Chemicals Holding B.V.

Parent

Amstelveen, Noord-Holland

Netherlands

Miscellaneous Financial Services

 

 

 

Cph Chemicals B.V.

Subsidiary

Amstelveen, Noord-Holland

Netherlands

Chemical Manufacturing

 

14

 

 

 

Competitors Report

 

Company Name

Location

Employees

Ownership

Aceto Corporation

Port Washington, New York, United States

233

Public

Brenntag Foreign Holding GmbH

MĂ¼lheim An Der Ruhr, Nordrhein-Westfalen, Germany

13,000

Private

Univar NV

Rotterdam, Netherlands

6,900

Private

Wilbur Ellis Co

San Francisco, California, United States

2,500

Private

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Aboed Shabi

 

Managing director

Managing Director

 

P. Van De Graaf

 

Personnel manager

Human Resources Executive

 

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.71919

0.755078

0.683679

Consolidated

No

No

No

 

 

 

 

Net sales

-

-

139.8

Other operating income

-

-

1.7

Cost of goods sold

-

-

130.1

Cost of sales

-

-

130.1

Gross profit

13.1

11.0

9.8

Total payroll costs

2.5

2.2

2.2

Change in value of fixed assets arising from revaluation

0.1

0.1

0.1

Other operating costs

1.8

1.4

1.6

Net operating income

8.8

7.3

7.5

Total financial income

0.4

0.5

0.9

Total expenses

0.6

0.7

0.3

Profit before tax

8.6

7.1

8.1

Profit attributable to minority interest shareholdings

0.1

0.2

0.0

Profit on ordinary activities after tax

6.6

5.5

6.0

Total taxation

2.1

1.8

2.1

Profit after tax

6.6

5.5

6.0

Net profit

6.6

5.5

6.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.719399

Consolidated

No

No

No

 

 

 

 

Other reserves

0.0

2.5

0.6

Total reserves

0.0

0.4

0.2

Profit brought forward from previous year(s)

6.2

5.5

5.7

Total stockholders equity

6.1

8.4

6.6

Trade creditors

6.7

6.8

4.3

Total current liabilities

20.6

19.8

9.5

Total liabilities (including net worth)

26.8

28.2

16.1

Total tangible fixed assets

0.1

0.1

0.2

Total asset investment

0.3

0.3

0.2

Total non-current assets

0.4

0.4

0.4

Net stocks and work in progress

15.3

16.9

8.0

Trade debtors

9.8

10.5

6.0

Other receivables

1.3

0.4

1.6

Total receivables

11.0

10.9

7.6

Cash and liquid assets

0.1

0.1

0.1

Total current assets

26.3

27.8

15.7

Total assets

26.8

28.2

16.1

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.30

1.40

1.60

Acid test ratio

0.50

0.60

0.80

Current liabilities to net worth

3.36%

2.34%

1.46%

Fixed assets to net worth

0.07%

0.05%

0.06%

Collection period

-

-

16.40

Stock turnover rate

-

-

16.60

Sales to net working capital

-

-

21.60

Asset turnover

-

-

8.35%

Profit margin

-

-

0.06%

Return on assets

0.30%

0.26%

0.48%

Shareholders' return

1.31%

0.85%

1.17%

Sales per employee

-

-

4,779.41

Profit per employee

309.79

282.10

275.65

Return on capital

1.22%

0.77%

1.12%

Average wage per employee

89.72

88.35

75.05

Net worth

6.1

8.4

6.6

Number of employees

20

19

20

           

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.25

UK Pound

1

Rs.87.00

Euro

1

Rs.69.83

 

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.