|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ICL-IP Terneuzen B.V. |
|
|
|
|
Registered Office : |
Icl-Ip
Terneuzen B.V. Frankrijkweg 6 Terneuzen, 4538 BJ |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
31.12.1983 |
|
|
|
|
Com. Reg. No.: |
21011809 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacture of other organic basic chemicals. |
|
|
|
|
No. of Employees : |
86 |
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 (31.03.2011) |
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 |
Icl-Ip
Terneuzen B.V.
Frankrijkweg
6
Terneuzen,
4538 BJ
Netherlands
Tel: +31 0115-689000
Fax: +31 0115-5617291
Employees: 86
Company Type: Private Subsidiary
Corporate Family: 6 Companies
Ultimate Parent: Dead Sea Bromine Co
Ltd.
Incorporation Date: 31-Dec-1983
Financials in: USD
(Mil)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 112.4
Total Assets: 81.0
Icl-Ip Terneuzen B.V. is primarily engaged in manufacture of other
organic basic chemicals: acyclic hydrocarbons, saturated and unsaturated;
cyclic hydrocarbons, saturated and unsaturated; acyclic and cyclic alcohols,
including synthetic ethyl alcohol; mono- and polycarboxyclic acids including
acetic acid; other oxygen-function compounds including aldehydes, ketones,
quinones and dual or poly oxygen-function compounds; nitrogen-function organic
compounds including amines; other organic compounds including wood distillation
products, etc.; manufacture of charcoal; production of pitch and pitch coke;
manufacture of synthetic aromatic products; and distillation of coal tar.
Industry Chemical Manufacturing
ANZSIC 2006: 1812 - Basic Organic Chemical
Manufacturing
NACE 2002: 2414 - Manufacture of other organic
basic chemicals
NAICS 2002: 32519 - Other
Basic Organic Chemical Manufacturing
UK SIC 2003: 2414 - Manufacture of other organic
basic chemicals
UK SIC 2007: 2014 - Manufacture of other organic
basic chemicals
US SIC 1987: 2869 - Industrial Organic Chemicals, Not
Elsewhere Classified
|
Name |
Title |
|
Eduard Engels |
Managing director |
|
Valentin Van Den Boogaard |
Managing director |
|
J.J. De Jonge |
EDP manager |
|
J. De Recht |
Purchasing manager |
|
Jacob De Regt |
Member of the board |
Registered No. (NLD): 21011809
1 - Profit & Loss Item Exchange Rate: USD
1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 =
EUR 0.770327
|
|
|
|
|
||||||||||||||||||||||||||||||
|
|
ANZSIC 2006 Codes: 1812
- Basic Organic Chemical Manufacturing
NACE 2002 Codes: 2414
- Manufacture of other organic basic chemicals
NAICS 2002 Codes: 32519
- Other Basic Organic Chemical Manufacturing
US SIC 1987: 2869
- Industrial Organic Chemicals, Not Elsewhere Classified
UK SIC 2003: 2414
- Manufacture of other organic basic chemicals
UK SIC 2007: 2014
- Manufacture of other organic basic chemicals
Icl-Ip Terneuzen B.V. is primarily engaged in manufacture of other
organic basic chemicals: acyclic hydrocarbons, saturated and unsaturated;
cyclic hydrocarbons, saturated and unsaturated; acyclic and cyclic alcohols,
including synthetic ethyl alcohol; mono- and polycarboxyclic acids including
acetic acid; other oxygen-function compounds including aldehydes, ketones,
quinones and dual or poly oxygen-function compounds; nitrogen-function organic
compounds including amines; other organic compounds including wood distillation
products, etc.; manufacture of charcoal; production of pitch and pitch coke;
manufacture of synthetic aromatic products; and distillation of coal tar.
|
|
|
Bank: |
Postbank NV, ABN AMRO Bank NV, MeesPierson NV |
Total Corporate Family Members: 6
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Beer Sheba |
Israel |
Chemical
Manufacturing |
272.5 |
|
|
|
Subsidiary |
Fort Lee, NJ |
United States |
Chemical Manufacturing |
8.7 |
25 |
|
|
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Chemical
Manufacturing |
62.4 |
13 |
|
|
Subsidiary |
London |
United Kingdom |
Chemical
Manufacturing |
1.5 |
1 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Chemical
Manufacturing |
198.6 |
|
|
|
Subsidiary |
Terneuzen,
Zeeland |
Netherlands |
Chemical
Manufacturing |
112.4 |
86 |
|
|
|
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|||
|
Member of the
board |
Director/Board
Member |
|
|
|
|||
|
Managing
director |
Managing
Director |
|||
|
Managing
director |
Managing
Director |
|||
|
EDP manager |
Information
Executive |
|||
|
Purchasing
manager |
Purchasing
Executive |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
116.1 |
79.7 |
73.2 |
|
Net sales |
112.4 |
79.8 |
71.3 |
|
Change in stock |
3.7 |
0.0 |
1.9 |
|
Total operating costs |
103.4 |
78.1 |
69.6 |
|
Net operating income |
12.7 |
1.6 |
3.6 |
|
Total financial income |
0.5 |
0.7 |
0.0 |
|
Total expenses |
0.8 |
1.0 |
1.3 |
|
Profit before tax |
12.3 |
1.3 |
2.3 |
|
Profit on ordinary activities after tax |
8.5 |
1.7 |
1.7 |
|
Total taxation |
3.8 |
-0.5 |
0.6 |
|
Profit after tax |
8.5 |
1.7 |
1.7 |
|
Net profit |
8.5 |
1.7 |
1.7 |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Share premium account |
0.8 |
0.8 |
0.9 |
|
Other reserves |
25.7 |
25.1 |
27.3 |
|
Profit brought forward from previous year(s) |
7.9 |
1.8 |
1.7 |
|
Total stockholders equity |
42.7 |
36.2 |
39.0 |
|
Provisions and allowances |
9.5 |
9.3 |
6.8 |
|
Trade creditors |
6.8 |
3.8 |
3.7 |
|
Total current liabilities |
28.8 |
27.7 |
29.3 |
|
Total liabilities (including net worth) |
81.0 |
73.2 |
75.1 |
|
Intangibles |
0.6 |
0.4 |
0.4 |
|
Total tangible fixed assets |
42.5 |
44.2 |
47.7 |
|
Total asset investment |
2.1 |
- |
- |
|
Total non-current assets |
45.2 |
44.6 |
48.1 |
|
Net stocks and work in progress |
22.0 |
14.9 |
16.4 |
|
Trade debtors |
11.7 |
9.2 |
7.8 |
|
Other receivables |
0.9 |
3.1 |
1.8 |
|
Total receivables |
12.6 |
12.3 |
9.6 |
|
Cash and liquid assets |
1.2 |
1.4 |
0.9 |
|
Total current assets |
35.8 |
28.6 |
26.9 |
|
Total assets |
81.0 |
73.2 |
75.1 |
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.20 |
1.00 |
0.90 |
|
Acid test ratio |
0.50 |
0.50 |
0.40 |
|
Current liabilities to net worth |
0.68% |
0.77% |
0.76% |
|
Fixed assets to net worth |
1.07% |
1.25% |
1.25% |
|
Collection period |
40.70 |
41.60 |
38.70 |
|
Stock turnover rate |
4.80 |
5.40 |
4.50 |
|
Sales to net working capital |
15.00 |
88.30 |
-31.60 |
|
Asset turnover |
1.30% |
1.10% |
0.98% |
|
Profit margin |
0.11% |
0.02% |
0.03% |
|
Return on assets |
0.14% |
0.02% |
0.03% |
|
Shareholders' return |
0.27% |
0.04% |
0.06% |
|
Sales per employee |
929.18 |
692.48 |
603.16 |
|
Profit per employee |
101.83 |
11.14 |
19.42 |
|
Return on capital |
0.21% |
0.01% |
0.02% |
|
Net worth |
42.1 |
35.8 |
38.6 |
|
Number of employees |
87 |
87 |
85 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.