MIRA
INFORM REPORT
|
Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
STAR GROUP B.V. |
|
|
|
|
Registered Office : |
Middenweg 6 Haven m397
4782PM MOERDIJK |
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|
|
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Country : |
Netherlands |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.07.2003 |
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Com. Reg. No.: |
22053087 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is involved in
the activities for petroleum and natural gas extraction |
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|
No. of Employees : |
34 |
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 |
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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
|
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 |
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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 |
CONTACTINFORMATION
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Company name |
STAR
GROUP B.V. |
|
Tradename |
Star
Group B.V. |
|
|
STAR
Oil Gas Power |
|
|
STAR
Power People |
|
Address |
Middenweg
6 Haven m397 |
|
|
4782PM
MOERDIJK |
|
|
Netherlands |
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Mail address |
Middenweg
6 Haven m397 |
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|
4782PM
MOERDIJK |
|
|
Netherlands |
|
Telephone number |
0113544030 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
812374381 |
COMPANY INFORMATION
Handelsregisternummer 22053087
Registered in Chamber
of commerce Zuidwest-Netherlands
First registration 25-07-2003
Act of foundation 21-07-2003
Date of constitution 21-07-2003
Last change in statutes 21-12-2011
Legal form Private Company
Place of constitution Moerdijk
Issued capital 18.000
Paid up capital 18.000
|
NACE-code |
Financial holding (65234) |
|
SBI-code |
Support activities for petroleum and
natural gas extraction (0910) |
|
|
Financial holding (642) |
|
|
Financial holding (6420) |
|
Formal objective |
Houdstermaatschappij |
|
Employees |
Total: 34 |
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|
|
Employees according to CoC |
Chamber of commerce: 34 |
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|
|
Bookyear |
2012 |
2011 |
2010 |
|
Number |
34 |
509 |
34 |
|
Change |
-93,32% |
1.397,06% |
-91,71% |
COMPANY STRUCTURE
Shareholder Star
Oil Gas Power Holding B.V.
Middenweg 6
4782PM MOERDIJK
Netherlands
KvK: 53994744
Active since: 21-12-2011
Percentage: 100.00%
Ultimate parent company FC-Beheer
B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 22047935
Holding company Star
Oil Gas Power Holding B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 53994744
Subsidiary Star
Construction & Safety B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 20111617
STAR International B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 20123969
STAR Safety Solutions B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 20132830
Star Recruitment
B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 20141821
STAR Offshore B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 20146652
Star Engineering B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 22047014
STAR Resources B.V.
Middenweg 6
4782PM MOERDIJK
KvK: 56266693
|
Real estate |
Lease |
|
|
The
real estate is checked at the land registration office |
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Object
code: ZEVENBERGEN A 485 |
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|
Owner:
wereldhave netherlands b.v. |
MANAGEMENT
Management Star
Oil Gas Power Holding B.V.
Middenweg 6
4782PM MOERDIJK
Netherlands
KvK: 53994744
Authorization: Fully authorized
Position: Manager
Date appointed: 21-12-2011
J.M.V.M. Hopmans
Johannes Marinus Victor Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 04-05-2010
Date of birth: 17-03-1967
B. Lissenberg
Bastiaan
Authorization: Limited authorization
Position: Proxy
Date appointed: 04-05-2010
Date of birth: 21-08-1976
C.N.B. Regter
Collin Nicolaas Bernard
Authorization: Limited authorization (max: €
100.000)
Position: Proxy
Date appointed: 30-01-2012
Date of birth:
03-07-1972
PAYMENT INFORMATION
Payment experiences According
to terms
Payments Based on
multiple payment experiences up to € 15.000
Quarter: 2 2012: 30 Average days
Quarter: 3 2012: 30 Average days
Quarter: 4 2012: 31 Average days
Quarter: 1 2013:
51 Average days
FINANCIAL INFORMATION
|
Publication
financial statement |
Annual
accounts 2011 are published on 28-06-2012 Annual accounts 2010 are published
on 15-06-2011 Annual accounts 2009 are published on 10-06-2010 Annual
accounts 2008 are published on 12-08-2009 Annual accounts 2007 are published
on 22-09-2008 |
|
Type of publication |
Consolidated |
|
Annual accounts
van |
Star Group B.V. Middenweg 6 4782PM
MOERDIJK KvK: 22053087 |
|
Publication |
Steady |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
1,64 |
2,05 |
1,84 |
|
Current ratio |
1,64 |
2,05 |
1,84 |
|
Nett
workingcapital / Balance total |
0,25 |
0,51 |
0,45 |
|
Capital and
reserves / Balance total |
0,26 |
0,50 |
0,46 |
|
Capital and
reserves / Fixed assets |
0,75 |
53,79 |
36,11 |
|
Solvency |
0,35 |
1,03 |
0,84 |
|
Nett
workingcapital |
8.218.000 |
11.480.000 |
8.195.000 |
|
Capital and
reserves |
8.399.000 |
11.350.000 |
8.306.000 |
|
Change capital
and reserves |
-26,00% |
36,65% |
10,16% |
|
change short term
liabilities |
17,92% |
11,63% |
-5,23% |
|
Nett Turnover |
82.802.000 |
76.795.000 |
61.161.000 |
|
Operating profit |
8.206.000 |
11.174.000 |
8.542.000 |
|
Profitability
operating profit |
positive |
positive |
positive |
|
Last annual accounts |
2011 |
|
|
Type of publication |
Corporate |
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|
Turnover |
2011: |
82.802.000 |
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|
2010: |
76.795.000 |
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|
2009: |
61.161.000 |
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|
2008: |
51.551.000 |
|
Gross profit |
2007: |
8.187.000 |
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|
2006: |
6.640.000 |
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Operating profit |
2011: |
8.206.000 |
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|
2010: |
11.174.000 |
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2009: |
8.542.000 |
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|
2008: |
8.772.000 |
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2007: |
6.347.000 |
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2006: |
5.495.000 |
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Result after taxes |
2011: |
6.120.000 |
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2010: |
8.044.000 |
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2009: |
6.266.000 |
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2008: |
6.293.000 |
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2007: |
4.616.000 |
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|
2006: |
3.856.000 |
Tendency Changeable
Tendency capital and reserves
Capital and reserves 2011 8.399.000
Total debt 2011
23.875.000
Current ratio 2011 1,64
Quick ratio 2011
1,64
Nett workingcapital 2011 8.218.000
Profitability More than sufficient
Solvency To
be followed
Liquidity To
be followed
BALANCE
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Other tangible assets |
|
211.000 |
|
|
Tangible assets |
224.000 |
211.000 |
230.000 |
|
Financial assets |
11.000.000 |
|
|
|
Fixed assets |
11.224.000 |
211.000 |
230.000 |
|
|
|||
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Trade debtors |
18.478.000 |
17.278.000 |
13.157.000 |
|
Other amounts receivable |
779.000 |
3.542.000 |
4.742.000 |
|
Accounts receivable |
19.257.000 |
20.819.000 |
17.899.000 |
|
Liquid assets |
1.794.000 |
1.544.000 |
44.000 |
|
Deferred charges and accrued income |
779.000 |
3.542.000 |
4.742.000 |
|
Current assets |
21.051.000 |
22.363.000 |
17.944.000 |
|
Total assets |
32.274.000 |
22.574.000 |
18.174.000 |
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|
|||
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Minority interest |
|
246.000 |
8.000 |
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Capital and reserves |
8.399.000 |
11.350.000 |
8.306.000 |
|
other long term debts |
|
95.000 |
|
|
Long term liabilities |
11.042.000 |
95.000 |
112.000 |
|
Trade debts suppliers |
|
3.350.000 |
|
|
Other short term debts |
|
7.533.000 |
|
|
Total short term debt |
12.833.000 |
10.883.000 |
9.749.000 |
|
Total debt |
23.875.000 |
10.978.000 |
9.861.000 |
|
Total Liabilities |
32.274.000 |
22.574.000 |
18.174.000 |
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|||
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PROFIT & LOSS ACCOUNT |
|
|
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|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Turnover |
82.802.000 |
76.795.000 |
61.161.000 |
|
Nett Turnover |
82.802.000 |
76.795.000 |
61.161.000 |
|
Productiekosten |
8.921.000 |
|
3.901.000 |
|
Raw materials |
65.675.000 |
61.301.000 |
48.718.000 |
|
Other operating charges |
|
4.320.000 |
|
|
Operating charges |
74.596.000 |
65.620.000 |
52.619.000 |
|
Operating profit |
8.206.000 |
11.174.000 |
8.542.000 |
|
Financial income |
223.000 |
25.000 |
45.000 |
|
Financial charges |
204.000 |
56.000 |
153.000 |
|
Financial result |
19.000 |
-31.000 |
-108.000 |
|
Result before taxes |
8.225.000 |
11.144.000 |
8.434.000 |
|
Income taxes |
2.014.000 |
2.826.000 |
2.182.000 |
|
Result after taxes |
6.211.000 |
8.318.000 |
6.252.000 |
|
Nett result |
6.120.000 |
8.044.000 |
6.266.000 |
|
Income attributable to minority interest |
92.000 |
-274.000 |
-13.000 |
History
Management Per
30-01-2012 is Proxy Collin Nicolaas Bernard Regter appointed.
Per 21-12-2011
manager 53994744 Star Oil Gas Power Holding B.V. appointed.
Per 21-12-2011
manager 20134899 Star Participations B.V. out of office.
Per 04-05-2010 is
Proxy Johannes Marinus Victor Maria Hopmans appointed.
Per 04-05-2010 is
Proxy Bastiaan Lissenberg appointed.
Modifications Per 21-12-2011 statutes modified.
Company structure
·
FC-Beheer B.V. (22047935)
MOERDIJK
Zuid-Net Beheer
B.V. (17118619)
MOERDIJK
Subsidiary
o
Stop Management B.V. (20104713)
MOERDIJK
Subsidiary (100%)
·
CZN Beheer B.V. (54149711)
MOERDIJK
Subsidiary
·
Star Participations B.V. (20134899)
MOERDIJK
Management
relation
·
Star Oil Gas Power Holding B.V. (53994744)
MOERDIJK
Management
relation
o
Star Group B.V. (22053087)
MOERDIJK
Subsidiary (100%)
§
Star Construction & Safety B.V. (20111617)
MOERDIJK
Subsidiary
§
STAR International B.V. (20123969)
MOERDIJK
Subsidiary
§
STAR Safety Solutions B.V. (20132830)
MOERDIJK
Subsidiary
§
Star Recruitment B.V. (20141821)
MOERDIJK
Subsidiary
§
STAR Offshore B.V. (20146652)
MOERDIJK
Subsidiary
§
Star Engineering B.V. (22047014)
MOERDIJK
Subsidiary
§
STAR Resources B.V. (56266693)
MOERDIJK
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.