MIRA INFORM REPORT
|
Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIMAX B.V. |
|
|
|
|
Registered Office : |
Industrieweg Oost 4, 6662NE Elst |
|
|
|
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Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
01.10.1971 |
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|
|
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Com. Reg. No.: |
09036418 |
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|
Legal Form : |
Limited Company |
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|
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Line of Business : |
Manufacturer of containers of paper and paperboard |
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|
No. of Employees : |
30 |
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 |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
netherlANDS ECONOMIC OVERVIEW
The Dutch economy is the sixth-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 in 2011. In 2012
tax revenues dropped nearly 9%, GDP contracted, and the budget deficit
deteriorated. Although jobless claims continued to grow, the unemployment rate
remained relatively low at 6.8 percent.
|
Source : CIA |
CONTACT INFORMATION
|
Company name |
Nimax B.V. |
|
|
|
|
Tradename |
Nimax
B.V. |
|
|
Nimax
t/as Clondalkin Consumer (Elst) |
|
|
Clondalkin
Consumer (Elst) |
|
|
|
|
Address |
Industrieweg
Oost 4 |
|
|
6662NE
Elst |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus
81 |
|
|
6660AB
Elst Gld |
|
|
Netherlands |
|
Telephone number |
0481373314 |
|
Telefax number |
0481375031 |
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E-mail address |
|
|
Website |
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|
|
|
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VAT number / RSIN |
002927184 |
COMPANY INFORMATION
Handelsregisternummer 09036418
Registered in Chamber
of commerce Centraal Gelderland
Act of foundation 12-06-1974
Date of constitution 01-10-1971
Continuation date 12-06-1974
Last change in statutes 04-03-2004
Legal form Besloten
Vennootschap (Limited Company)
|
Place of
constitution |
Elst
Gld |
|
Issued capital |
184.324 |
|
Paid up capital |
184.324 |
|
|
|
|
NACE-code |
Manufacture
of containers of paper and paperboard (21211) |
|
SBI-code |
Manufacture
of containers of paper and paperboard (17211) |
|
|
Manufacture
of other articles of paper and paperboard (1729) |
|
|
Other
printing n.e.c. (18129) |
|
Formal objective |
Handel
(im- en export daaronder begrepen) in en de fabricage van flexibele
verpakkingsmaterialen, vouwkartons, verpakkingssystemen, thermogevormde
verpakkingsproducten, labels en drukwerkveredeling. |
|
|
|
|
Employees |
Total:
30 |
|
Employees according
to CoC |
Chamber
of commerce: 30 |
COMPANY STRUCTURE
Shareholder Clondalkin Group Investments B.V.
Gustav Mahlerplein 68
1082MA AMSTERDAM
Netherlands
KvK: 34203901
Active since: 19-08-2008
Percentage: 100.00%
Ultimate parent company Clondalkin Group Activities of holding companies B.V.
Gustav Mahlerplein 68
1082MA AMSTERDAM
KvK: 34200848
Holding company Clondalkin Group Investments B.V.
Gustav Mahlerplein 68
1082MA AMSTERDAM
KvK: 34203901
Subsidiary Nimax Onroerend Goed en Beheer B.V.
Industrieweg Oost 4
6662NE ELST GLD
KvK: 09047633
Affiliated companies Boxes LPF B.V.
Celsiusweg 37
8912AM Leeuwarden
KvK: 01070174
LPF Flexible Packaging B.V.
Legolaan 14
9861AT Grootegast
KvK: 02031645
Linde Vouwkartonnage B.V.
Hanzeweg 14
7591BK DENEKAMP
KVK 06017628
Cats Flexible Packaging B.V.
Willingestraat 1
3087AN Rotterdam
KvK: 24026956
CNED II B.V.
Gustav Mahlerplein 68
1082MA AMSTERDAM
KvK: 08070307
Leeuwhoek Holding B.V.
Hoekvaartweg 5
1771RP Wieringerwerf
KvK: 37077312
Liability declaration Clondalkin
Industries B.V. (34200845)
Gustav Mahlerplein 68
Issue date: 17-11-2004
Since: 17-11-2004
Bank ING Bank NV
Bank ING Bank
NV
Real estate Property
owned
The real estate is
checked at the land registration office
Object code: ELST N 517
Owner: Nimax Onroerend Goed En Beheer Bv
MANAGEMENT
|
Management |
Clondalkin
Group Investments B.V. |
|
|
Gustav
Mahlerplein 68 |
|
|
1082MA
AMSTERDAM |
|
|
Netherlands |
|
|
KvK:
34203901 |
|
|
Authorization:
Fully authorized |
|
|
Position:
Manager |
|
|
Date
appointed: 22-08-2008 |
|
|
C.A.M.
Blom |
|
|
Carolina
Antonia Maria |
|
|
Authorization:
Fully authorized |
|
|
Position:
Manager |
|
|
Date
appointed: 01-10-2003 |
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|
Date
of birth: 10-04-1964 |
PAYMENT INFORMATION
Payment experiences Payments
are regular, no complaints are known
· Quarter: 1 2013: 16 Average days
·
Quarter: 2 2013: 47 Average days
|
Total |
Invoices |
Current Quarter |
2013 Q1 |
|
|
Within Terms |
7 |
100% |
3.566 |
11.200 |
|
Delayed 0 – 30 |
6 |
72,0% |
2.566 |
11.200 |
|
Delayed 31-60 |
1 |
28,0% |
1.000 |
|
FINANCIAL INFORMATION
|
Type of publication |
Consolidated |
|
Annual accounts van |
Clondalkin
Industries B.V. |
|
|
Gustav Mahlerplein
68 |
|
|
Ito Twr |
|
|
KvK: 34200845 |
|
Publication |
Steady |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Quick ratio |
0,40 |
1,26 |
1,31 |
|
Current ratio |
0,58 |
1,84 |
1,88 |
|
Nett workingcapital
/ Balance total |
-0,23 |
0,13 |
0,14 |
|
Capital and
reserves / Balance total |
-0,08 |
0,02 |
0,03 |
|
Capital and
reserves / Fixed assets |
-0,12 |
0,03 |
0,04 |
|
Solvency |
-0,07 |
0,02 |
0,16 |
|
Nett workingcapital |
-242.661.000 |
141.421.000 |
148.648.000 |
|
Capital and
reserves |
-82.354.000 |
26.178.000 |
30.085.000 |
|
Change capital and
reserves |
-414,59% |
-12,99% |
48,13% |
|
change short term
liabilities |
245,23% |
0,31% |
-58,72% |
|
Nett Turnover |
951.124.000 |
932.807.000 |
853.745.000 |
|
Operating profit |
48.300.000 |
42.025.000 |
50.848.000 |
Annual accounts The
published financial information is the consolidated group information.
Last annual accounts 2012
Type of publication Corporate
Turnover 2012:
951.124.000
2011: 932.807.000
2010: 853.745.000
2009: 789.885.000
2008: 877.420.000
2007: 826.308.000
2006: 763.045.000
2005: 724.255.000
Gross profit 2012:
144.965.000
2011: 138.699.000
2007: 144.244.000
2006: 131.325.000
2005: 131.160.000
Operating profit 2012:
48.300.000
2011: 42.025.000
2010:50.848.000
balance sheet
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
End of bookyear |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
Intangible assets |
487.074.000 |
564.546.000 |
551.279.000 |
|
Tangible assets |
213.259.000 |
224.470.000 |
204.353.000 |
|
Financial assets |
9.910.000 |
24.769.000 |
21.974.000 |
|
Fixed assets |
710.243.000 |
813.785.000 |
777.606.000 |
|
|
|||
|
Stocks and work in
progress |
106.067.000 |
96.757.000 |
96.346.000 |
|
Trade debtors |
112.183.000 |
109.638.000 |
92.675.000 |
|
Other amounts
receivable |
9.771.000 |
11.401.000 |
13.004.000 |
|
Accounts receivable |
121.954.000 |
121.039.000 |
105.679.000 |
|
Liquid assets |
113.145.000 |
92.737.000 |
115.207.000 |
|
Deferred charges
and accrued income |
|
|
13.004.000 |
|
Current assets |
341.166.000 |
310.533.000 |
317.232.000 |
|
Total assets |
1.051.409.000 |
1.124.318.000 |
1.094.838.000 |
|
|
|||
|
Capital and
reserves |
-82.354.000 |
26.178.000 |
30.085.000 |
|
Provisions |
32.083.000 |
29.514.000 |
26.200.000 |
|
Long term
liabilities |
517.853.000 |
899.514.000 |
15.302.000 |
|
Trade debts
suppliers |
153.381.000 |
160.911.000 |
|
|
Short term interest
yielding debt |
|
|
854.667.000 |
|
Other short term
debts |
430.446.000 |
8.201.000 |
|
|
Total short term
debt |
583.827.000 |
169.112.000 |
168.584.000 |
|
Total debt |
1.133.763.000 |
1.098.140.000 |
183.886.000 |
|
Total Liabilities |
1.051.409.000 |
1.124.318.000 |
1.094.838.000 |
|
|
|||
PROFIT & LOSS
ACCOUNT
|
BOOKYEAR |
2012 |
2011 |
2010 |
|
Turnover |
953.612.000 |
932.807.000 |
853.745.000 |
|
Other operating
income |
2.488.000 |
|
|
|
Nett Turnover |
951.124.000 |
932.807.000 |
853.745.000 |
|
Gross profit |
144.965.000 |
138.699.000 |
|
|
Wages employees |
|
|
36.085.000 |
|
Sales costs |
806.159.000 |
96.674.000 |
|
|
Depreciation and
amortization |
33.464.000 |
|
4.641.000 |
|
Raw materials |
|
|
713.344.000 |
|
Other operating
charges |
65.689.000 |
|
48.827.000 |
|
Operating charges |
905.312.000 |
890.782.000 |
802.897.000 |
|
Operating profit |
48.300.000 |
42.025.000 |
50.848.000 |
|
Financial income |
155.000 |
177.000 |
|
|
Financial charges |
52.381.000 |
53.265.000 |
53.124.000 |
|
Financial result |
-52.226.000 |
-53.088.000 |
|
|
Result before taxes |
-3.926.000 |
-11.063.000 |
|
|
Income taxes |
19.433.000 |
2.596.000 |
606.000 |
|
Result after taxes |
-23.359.000 |
-13.659.000 |
|
|
Extraordinary
income |
391.000 |
614.000 |
113.000 |
|
Extraordinary
charges |
74.267.000 |
|
|
|
Extraordinary result
after taxes |
-73.876.000 |
614.000 |
113.000 |
|
Nett result |
-97.235.000 |
-13.045.000 |
-2.769.000 |
History
|
Consent statements |
Over
bookyear 2012 a consent agreement is filed Over
bookyear 2011 a consent agreement is filed Over
bookyear 2010 a consent agreement is filed Over
bookyear 2009 a consent agreement is filed |
Company structure
Clondalkin Group Activities of holding companies B.V. (34200848)
AMSTERDAM
Clondalkin Industries B.V. (34200845)
Subsidiary
Clondalkin Acquisition B.V. (34200846)
Subsidiary
Clondalkin Group Investments B.V. (34203901)
AMSTERDAM
Subsidiary
Boxes LPF B.V. (01070174)
Leeuwarden
Subsidiary (100%)
LPF Flexible Packaging B.V. (02031645)
Grootegast
Subsidiary (100%)
Linde Vouwkartonnage B.V. (06017628)
DENEKAMP
Subsidiary (100%)
Nimax B.V. (09036418)
Elst
Subsidiary (100%)
Nimax Onroerend Goed en Beheer B.V. (09047633)
ELST GLD
Subsidiary (100%)
Cats Flexible Packaging B.V. (24026956)
Rotterdam
Subsidiary (100%)
CNED II B.V. (08070307)
AMSTERDAM
Subsidiary
Vaassen Flexible Packaging B.V. (08036742)
Vaassen
Subsidiary
Leeuwhoek Holding B.V. (37077312)
Wieringerwerf
Subsidiary (100%)
Verpakkingsindustrie Velsen B.V. (37043354)
WIERINGERYARD
Subsidiary
Flexoplast B.V. (37070368)
HARLINGEN
Subsidiary
CGone B.V. (5721
CGone B.V. (57219109)
AMSTERDAm
Subsidiary
CGthree B.V. (57228957)
AMSTERDAM
Subsidiary
CNED I B.V. (08070316)
AMSTERDAM
Several liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.73 |
|
UK Pound |
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.85.07 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.