|
Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHMOLZ + BICKENBACH B.V. |
|
|
|
|
Registered Office : |
Gildenweg 21 Zwijndrecht, 3334 KC |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.01.1972 |
|
|
|
|
Com. Reg. No.: |
23042855 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Wholesale of metals and ores |
|
|
|
|
No. of Employees : |
49 |
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 |
|
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 – 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 |
|
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
Schmolz +
Bickenbach B.V.
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Business
Description
|
Schmolz + Bickenbach B.V. is primarily engaged in wholesale of ferrous
and non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in
primary forms; wholesale of ferrous and non-ferrous semi-finished metal
products not elsewhere classified; and wholesale of gold and other precious
metals. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
423520
- Coal and Other Mineral and Ore Merchant Wholesalers |
|
UK SIC 2003: |
|
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UK SIC 2007: |
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US SIC 1987: |
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Key Executives
|
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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Total Corporate
Family Members: 52 |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Iron and Steel |
4,287.5 |
10,000 |
|
|
Subsidiary |
Emmenbruecke |
Switzerland |
Iron and Steel |
4,655.7 |
10,278 |
|
|
Subsidiary |
Witten, Nordrhein-Westfalen |
Germany |
Iron and Steel |
1,912.0 |
4,050 |
|
|
Edelstahlwerke
Witten-Krefeld Vermögensverwaltungsgesellschaft mbH |
Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Commercial Banks |
24.3 |
138 |
|
Subsidiary |
LĂ¼denscheid, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
|
41 |
|
|
Subsidiary |
Singapore |
Singapore |
Iron and Steel |
0.8 |
6 |
|
|
Branch |
Siegen, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Ugine |
France |
Iron and Steel |
1,004.2 |
1,523 |
|
|
Subsidiary |
Peschiera Borromeo, Milano |
Italy |
Iron and Steel |
117.5 |
120 |
|
|
Subsidiary |
Hemer, Nordrhein-Westfalen |
Germany |
Miscellaneous Fabricated Products |
34.4 |
100 |
|
|
Subsidiary |
Renningen, Baden-WĂ¼rttemberg |
Germany |
Miscellaneous Capital Goods |
|
32 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Iron and Steel |
1,029.9 |
900 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Iron and Steel |
157.7 |
233 |
|
|
Dr.
Wilhelm Mertens GmbH Blankstahl - Edelstahl - Werkzeugstahl |
Subsidiary |
Berlin, Berlin |
Germany |
Miscellaneous Capital Goods |
|
25 |
|
Subsidiary |
EmmenbrĂ¼cke |
Switzerland |
Iron and Steel |
593.1 |
461 |
|
|
Subsidiary |
Charleville Mezieres |
France |
Miscellaneous Capital Goods |
17.4 |
4 |
|
|
Subsidiary |
Emmenbrucke |
Switzerland |
Iron and Steel |
|
260 |
|
|
Subsidiary |
Niedereschach, Baden-WĂ¼rttemberg |
Germany |
Miscellaneous Capital Goods |
108.3 |
30 |
|
|
Subsidiary |
Cluses |
France |
Miscellaneous Capital Goods |
17.3 |
14 |
|
|
Subsidiary |
Bollate, Milano |
Italy |
Miscellaneous Capital Goods |
15.5 |
7 |
|
|
Subsidiary |
Oberkochen, Baden-WĂ¼rttemberg |
Germany |
Miscellaneous Capital Goods |
144.7 |
170 |
|
|
Subsidiary |
Oberkochen, Baden-WĂ¼rttemberg |
Germany |
Miscellaneous Capital Goods |
|
2 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Commercial Banks |
14.4 |
100 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Engineering Consultants |
|
209 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Business Services |
|
|
|
|
Schmolz+Bickenbach
Do Brasil IndĂºstria E ComĂ©rcio De Aços Ltda. |
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Miscellaneous Fabricated Products |
36.9 |
84 |
|
Subsidiary |
Glen Waverly, VIC |
Australia |
Construction - Supplies and Fixtures |
2.1 |
20 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Business Services |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Fabricated Products |
10.0 |
179 |
|
|
Subsidiary |
Kocaeli |
Turkey |
Iron and Steel |
21.5 |
94 |
|
|
Subsidiary |
Kladno |
Czech Republic |
Miscellaneous Capital Goods |
46.7 |
91 |
|
|
Subsidiary |
Zwijndrecht, Zuid-Holland |
Netherlands |
Miscellaneous Capital Goods |
103.6 |
49 |
|
|
Schmolz
+ Bickenbach Magyarorszag Korlatolt Felelossegu Tarsasag |
Subsidiary |
Budapest |
Hungary |
Miscellaneous Capital Goods |
13.3 |
14 |
|
Subsidiary |
Espoo |
Finland |
Miscellaneous Capital Goods |
21.1 |
12 |
|
|
Subsidiary |
Boxholm |
Sweden |
Iron and Steel |
54.1 |
60 |
|
|
Subsidiary |
St Etienne |
France |
Miscellaneous Fabricated Products |
9.0 |
30 |
|
|
Subsidiary |
Berlin |
Germany |
Iron and Steel |
|
25 |
|
|
Subsidiary |
Chambly |
France |
Miscellaneous Capital Goods |
10.5 |
16 |
|
|
Subsidiary |
Myslowice |
Poland |
Miscellaneous Capital Goods |
19.1 |
49 |
|
|
Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Iron and Steel |
147.9 |
600 |
|
|
Subsidiary |
Chicago, IL |
United States |
Iron and Steel |
100.0 |
398 |
|
|
Subsidiary |
Sorel, QC |
Canada |
Miscellaneous Capital Goods |
|
300 |
|
|
Branch |
Brampton, ON |
Canada |
Miscellaneous Capital Goods |
15.0 |
10 |
|
|
Subsidiary |
Detroit, MI |
United States |
Miscellaneous Fabricated Products |
26.2 |
45 |
|
|
Subsidiary |
Tlalnepantla De Baz, Estado De Mexico |
Mexico |
Miscellaneous Capital Goods |
|
25 |
|
|
Subsidiary |
South Gate, CA |
United States |
Miscellaneous Capital Goods |
0.9 |
6 |
|
|
Subsidiary |
Chicago, IL |
United States |
Business Services |
0.4 |
5 |
|
|
Branch |
Minneapolis, MN |
United States |
Miscellaneous Capital Goods |
0.5 |
4 |
|
|
Mietverwaltungsgesellschaft
Schmolz + Bickenbach GmbH & Co. KG |
Subsidiary |
GrĂ¼nwald, Bayern |
Germany |
Real Estate Operations |
|
2 |
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Iron and Steel |
7.8 |
|
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Consumer Financial Services |
|
|
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Business Services |
|
2 |
Executives
Report
|
|
|
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 |
- |
74.5 |
56.7 |
|
Net sales |
103.6 |
74.5 |
56.7 |
|
Cost of goods sold |
92.0 |
- |
- |
|
Cost of sales |
92.0 |
- |
- |
|
Gross profit |
11.6 |
- |
- |
|
Total payroll costs |
6.2 |
- |
- |
|
Change in value of fixed assets arising from revaluation |
0.9 |
- |
- |
|
Other operating costs |
3.6 |
- |
- |
|
Total operating costs |
- |
71.9 |
58.6 |
|
Net operating income |
0.9 |
2.6 |
- |
|
Total financial income |
0.0 |
0.0 |
0.2 |
|
Total expenses |
1.4 |
0.8 |
0.4 |
|
Profit before tax |
- |
1.8 |
- |
|
Profit on ordinary activities after tax |
-0.4 |
1.4 |
-1.5 |
|
Extraordinary expenses |
0.5 |
0.3 |
- |
|
Extraordinary result |
-0.5 |
-0.3 |
- |
|
Profit after extraordinary items and before tax |
-0.5 |
-0.3 |
- |
|
Other taxes |
0.0 |
- |
- |
|
Total taxation |
-0.1 |
0.5 |
-0.5 |
|
Profit after tax |
-0.4 |
1.4 |
-1.5 |
|
Net profit |
- |
1.1 |
- |
|
Net loss |
-0.9 |
- |
-1.5 |
|
|
|
Annual Balance
Sheet |
|
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 |
22.4 |
23.1 |
24.7 |
|
Other reserves |
8.3 |
9.5 |
9.0 |
|
Total stockholders equity |
30.7 |
32.6 |
33.8 |
|
Provisions and allowances |
2.1 |
1.5 |
1.1 |
|
Total long-term liabilities |
- |
- |
4.8 |
|
Trade creditors |
6.3 |
5.2 |
3.8 |
|
Total current liabilities |
14.0 |
16.5 |
8.1 |
|
Total liabilities (including net worth) |
46.7 |
50.6 |
47.8 |
|
Total tangible fixed assets |
9.9 |
10.6 |
12.0 |
|
Total asset investment |
5.5 |
5.5 |
0.2 |
|
Total non-current assets |
15.5 |
16.1 |
12.2 |
|
Net stocks and work in progress |
17.2 |
20.5 |
17.6 |
|
Trade debtors |
12.6 |
12.1 |
9.2 |
|
Other receivables |
0.8 |
1.0 |
1.0 |
|
Total receivables |
13.3 |
13.1 |
10.2 |
|
Cash and liquid assets |
0.7 |
0.9 |
7.8 |
|
Total current assets |
31.3 |
34.5 |
35.6 |
|
Total assets |
46.7 |
50.6 |
47.8 |
|
|
|
Annual Ratios |
|
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 |
2.20 |
2.10 |
4.40 |
|
Acid test ratio |
1.00 |
0.80 |
2.20 |
|
Current liabilities to net worth |
0.45% |
0.51% |
0.24% |
|
Fixed assets to net worth |
0.50% |
0.49% |
0.36% |
|
Collection period |
47.40 |
58.80 |
57.30 |
|
Stock turnover rate |
5.60 |
3.70 |
3.30 |
|
Sales to net working capital |
5.60 |
4.20 |
2.10 |
|
Asset turnover |
2.07% |
1.49% |
1.23% |
|
Profit margin |
-0.01% |
0.02% |
-0.04% |
|
Return on assets |
-0.01% |
0.04% |
-0.04% |
|
Shareholders' return |
-0.02% |
0.06% |
-0.06% |
|
Sales per employee |
1,128.90 |
922.39 |
691.54 |
|
Profit per employee |
-5.48 |
22.44 |
-24.72 |
|
Return on capital |
-0.03% |
0.01% |
-0.06% |
|
Average wage per employee |
67.93 |
- |
- |
|
Net worth |
30.7 |
32.6 |
33.8 |
|
Number of employees |
66 |
61 |
59 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
|
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.