MIRA
INFORM REPORT
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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
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Name : |
CHEMTECH B.V. |
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Registered Office : |
Apollolaan 137, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
24.10.1983 |
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Com. Reg. No.: |
33173311 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of industrial chemicals |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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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Netherlands |
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 |
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 and address
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Chemtech B.V. |
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Employees: |
6 |
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Company Type: |
Private Independent |
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Incorporation Date: |
24-Oct-1983 |
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Fiscal Year End: |
31-Dec-2011 |
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Reporting Currency: |
Euro |
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Annual Sales: |
NA |
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Total Assets: |
1.0 |
Business Description
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Chemtech 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. |
Industry
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Industry |
Chemical
Manufacturing |
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ANZSIC 2006: |
3323 - Industrial
and Agricultural Chemical Product Wholesaling |
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NACE 2002: |
5155 - Wholesale
of chemical products |
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NAICS 2002: |
4246 - Chemical
and Allied Products Merchant Wholesalers |
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UK SIC 2003: |
5155 - Wholesale
of chemical products |
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UK SIC 2007: |
4675 - Wholesale
of chemical products |
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US SIC 1987: |
5169 - Chemicals
and Allied Products, Not Elsewhere Classified |
Key Executives
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News |
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Registered No.(NLD)
33173311
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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Whitefield Chemtech Pvt Ltd Receives Patent for a Process
for Making a Composition Containing a Pharmacologically and/or Biologically
Active Plant Extract |
29-May-2012 |
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Sulzer Chemtech AG Receives Patent for Method for the
Separation of a Liquid Mixture |
11-May-2012 |
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Sulzwer Chemtech AG Receives Patent for a Material
Exchange Column and a Method for Installation of a Packing in the Same |
02-May-2012 |
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Sulzer Chemtech AG Files Patent Application for Mass
Transfer Column and a Crown Element for a Mass Transfer Column |
03-Apr-2012 |
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Purac Biochem BV and Sulzer Chemtech AG File Patent
Application for Process for the Continuous Production of Polyesters |
05-Jan-2012 |
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Sulzer Chemtech AG Receives Patent for a Tray Column with
a Flowing Liquid |
09-Dec-2011 |
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Sulzer Chemtech AG Receives Patent for a Liquid Distributor
for Columns |
09-Nov-2011 |
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Sulzer Chemtech AG Receives Patent for a Vapor-liquid
Contact Tray Apparatus |
09-Nov-2011 |
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Sulzer Chemtech AG Receives Patent for Vapor-liquid
Contact Apparatus |
04-Nov-2011 |
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Schumann Sasol GmbH & Co. KG and Sulzer Chemtech AG
Receives Patent for a Process for Obtaining Paraffins or Paraffin Fractions |
30-Sep-2011 |
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Annual Financial Reports
Annual Balance Sheet
Financials in: USD
(mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Other reserves |
0.7 |
0.8 |
0.9 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Total stockholders equity |
0.7 |
0.9 |
0.9 |
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Trade creditors |
0.3 |
0.5 |
- |
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Total current liabilities |
0.3 |
0.6 |
0.4 |
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Total liabilities (including net worth) |
1.0 |
1.4 |
1.3 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.0 |
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Total non-current assets |
0.1 |
0.1 |
0.0 |
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Net stocks and work in progress |
0.5 |
0.6 |
0.4 |
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Trade debtors |
1.7 |
1.9 |
- |
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Other receivables |
0.2 |
0.4 |
- |
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Total receivables |
1.8 |
2.2 |
2.0 |
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Cash and liquid assets |
-1.5 |
-1.5 |
-1.2 |
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Total current assets |
0.9 |
1.3 |
1.2 |
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Total assets |
1.0 |
1.4 |
1.3 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.90 |
2.30 |
3.30 |
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Acid test ratio |
1.20 |
1.20 |
2.30 |
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Current liabilities to net worth |
0.45% |
0.68% |
0.41% |
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Fixed assets to net worth |
0.17% |
0.10% |
0.05% |
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Net worth |
0.7 |
0.9 |
0.9 |
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Number of employees |
- |
5 |
5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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1 |
Rs.88.84 |
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Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.