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Report Date : |
22.11.2012 |
IDENTIFICATION DETAILS
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Name : |
Huntsman |
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Registered Office : |
Merseyweg
10, 3197KG Botlek |
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Country : |
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Date of Incorporation : |
26.01.1928 |
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Com. Reg. No.: |
24070891 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacture
of Petrochemical Products. |
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No. of Employees : |
400 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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
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Source : CIA |
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Company name |
Huntsman
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Tradename |
Huntsman
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Huntsman
Polyurethanes |
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Huntsman |
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Address |
Merseyweg
10 |
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3197KG
Botlek |
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Mail address |
Postbus
1020 |
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3180AA
Rozenburg Zh |
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Telephone number |
0181299111 |
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Telefax number |
0181293900 |
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E-mail address |
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Website |
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VAT number / RSIN |
001855062 |
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Branch(es) |
Huntsman
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Merseyweg
10 |
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3197KG
Botlek |
Handelsregisternummer
24070891
Registered
in Chamber
of commerce
First
registration 03-01-1947
Act of
foundation 26-01-1928
Date of
constitution 1928
Continuation
date 06.11.1972
Last
change in statutes 27.10.2008
Legal form Private Company
Place of
constitution
Capital EUR
500.000.000
Issued
capital EUR
113.445.500
Paid up
capital EUR
113.445.500
NACE-code Manufacture of petrochemical
products (24141)
SBI-code Manufacture of plastics in primary
forms (2016)
Manufacture of
man-made fibres (2060)
Manufacture of
pharmaceutical products, no raw (212001)
Formal objective Het vervaardigen,
verkopen, importeren, exporteren van, en in het general de handel in
chemische producten, alsmede de
objective van een houdster- en financieringsmaatschappij
Employees Total: 400
Employees
according to CoC Chamber of commerce:
400
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Bookyear |
2011 |
2010 |
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Number |
400 |
3221 |
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Change |
-87,58% |
-- |
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Shareholder |
Huntsman
Investments ( Merseyweg
10 3197KG
BOTLEK KvK:
24293054 Active
since: 29-06-1999 Percentage:
100.00% |
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Holding company |
The
ultimate parent Huntsman Corporation is traded at the Huntsman
Corporation Phone:
801-584-5700 FAX:
801-584-5781 Website:
http://www.huntsman.com Sector:
Basic Materials Industry:
Specialty Chemicals Full
Time Employees: 12,000 Huntsman
Corporation engages in the manufacture and sale of differentiated organic and
inorganic chemical products worldwide. Its products comprise a range of
chemicals and formulations, which are marketed to consumer and industrial
customers. The company's products are used in various applications, including
adhesives, aerospace, automotive, construction products, durable and
non-durable consumer products, electronics, medical, packaging, paints and
coatings, power generation, refining, synthetic fiber, textile chemicals, and
dye industries. Its key products include MDI, amines, surfactants,
epoxy-based polymer formulations, textile chemicals, dyes, maleic anhydride,
and titanium dioxide. The company operates in five segments: Polyurethanes,
Performance Products, Advanced Materials, Textile Effects, and Pigments. Its
Polyurethanes, Performance Products, Advanced Materials, and Textile Effects
segments produce differentiated organic chemical products; and Pigments
segment produces inorganic chemical products. Huntsman Corporation was
founded in 1970 and is based in Fiscal
Year Fiscal
Year Ends: Dec 31 Most
Recent Quarter (mrq): Jun 30, 2011 Profitability Profit
Margin (ttm): 2.50% Operating
Margin (ttm): 6.23% Management
Effectiveness Return
on Assets (ttm): 4.63% Return
on Equity (ttm): 15.36% Income
Statement Revenue
(ttm): 10.43B Revenue
Per Share (ttm): 43.91 Qtrly
Revenue Growth (yoy): 25.20% Gross
Profit (ttm): 1.46B EBITDA
(ttm): 1.06B Net
Income Avl to Common (ttm): 282.00M Diluted
EPS (ttm): 1.10 Qtrly
Earnings Growth (yoy): N/A Balance
Sheet Total Cash
(mrq): 683.00M Total
Cash Per Share (mrq): 2.85 Total
Debt (mrq): 4.19B Total
Debt/Equity (mrq): 187.39 Current
Ratio (mrq): 2.08 Book
Value Per Share (mrq): 8.12 |
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Liability Declaration |
Cash
Flow Statement Operating
Cash Flow (ttm): 385.00M Levered
Free Cash Flow (ttm): -6.38M Huntsman Investments ( Merseyweg 10 3197KG BOTLEK |
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Real
estate |
Lease The real
estate is checked at the land registration office Object code: |
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Management |
B. de
Jong Benjamin Authorization:
Fully authorized Position:
Manager Date
appointed: 01-04-2003 Date of
birth: 07-08-1961 Other
directorships: Manager:
Huntsman M.J. van
der Meer Max
Jacobus Authorization:
Fully authorized Position:
General director Date
appointed: 01-04-2003 Date of
birth: 23-06-1959 Other
directorships: General
director: Huntsman Holland B.V.- Botlek Rotterdam (KvK: 24070891) Barents Erik Position:
Commissaris Date
appointed: 17-04-2003 Date of
birth: 24-01-1947 Other
directorships: Commissaris:
Huntsman J.C. ten
Cate Johan
Christoffel Position:
Commissaris Date
appointed: 15-09-2007 Date of
birth: 25-03-1946 Other
directorships: Commissaris:
Beurs Rotterdam N.V. - Commissaris:
Huntsman N.E.D.
Degrieck Natasja
Edward Denise Position:
Commissaris Date
appointed: 19-12-2003 Date of
birth: 24-06-1965 Other
directorships: Commissaris:
Huntsman N.A.
Webster Nicholas
Andrew Position:
Commissaris Date
appointed: 01-10-2004 Date of
birth: 31-08-1957 Other
directorships: Commissaris:
Huntsman F.W.
Weisglas Frans
Willy Position:
Commissaris Date
appointed: 29-05-2009 Date of
birth: 08-08-1946 Other
directorships: Commissaris:
Huntsman P.J. de
Gast Pieter
Jacob Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-03-2003 Date of
birth: 02-02-1960 Other
directorships: Proxy:
Huntsman A.J. van
Gelder - van der Vaart Annigje
Jantina Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-10-2011 Date of
birth: 20-06-1966 Other
directorships: Proxy:
Huntsman C.M.M.
van Kleef - Fennis Catharina
Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-10-2011 Date of
birth: 09-09-1959 Other
directorships: Proxy:
Huntsman M.
Kleijburg Marcel Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-10-1999 Date of
birth: 10-07-1970 Other
directorships: Proxy:
Huntsman K.L.M.
van Veen - Hoogenboom Klazina
Leentje Maria Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-05-2011 Date of
birth: 23-10-1975 Other
directorships: Proxy:
Huntsman L. Wendels
Leendert Authorization:
Limited authorization Position:
Proxy Date
appointed: 01-10-1999 Date of
birth: 20-06-1962 Other
directorships: Proxy:
Huntsman Holland B.V. - Botlek Rotterdam (KvK: 24070891) |
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Payment Experience |
Payments are regular, no complaints are
known Based on |
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Payments |
multiple payment experiences up to €
50.000 ·
Quarter: 2 2010: 32 Average days Quarter:
3 2010: 35 Average days Quarter:
4 2010: 38 Average days Quarter:
1 2011: 34 Average days |
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Annual accounts |
The published
financial information is the consolidated group information. |
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Tendency |
Changeable |
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Profitability |
Negative |
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Solvency |
Reasonable |
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Liquidity |
Own resources are
worn out |
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Currency |
Euro |
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Consent
statements |
Over
bookyear 2010 a consent agreement is filed Over bookyear 2009 a consent
agreement is filed Over bookyear 2008 a consent agreement is filed |
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Management |
Per 01-10-2011 is Proxy Martin Raymond
Janssen appointed. Per 01-10-2011 is Proxy Annigje
Jantina van Gelder-van der Vaart appointed. Per 01-10-2011 is Proxy Catharina
Magdalena Maria van Kleef-Fennis appointed. Per 01-05-2011 is Proxy Klazina
Leentje Maria van Veen-Hoogenboom appointed. Per 08-01-2010 is Proxy Petrus
Cornelis Oostveen out of office. Per 16-12-2009 is Proxy Andre de
Graaf out of office. Per 29-05-2009 is Commissaris
Frans Willy Weisglas appointed. Per 13-12-2008 is Commissaris
Gerrit Gerritse out of office. |
• Huntsman Holland B.V. (24070891) Botlek Rotterdam
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.20 |
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1 |
Rs.87.79 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.