MIRA INFORM REPORT

 

 

Report Date :

27.08.2014

 

IDENTIFICATION DETAILS

 

Name :

B.V. CHEMISCHE FABRIEK TRIADE

 

 

Registered Office :

Dijkweg 159, 2675AD Honselersdijk

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.01.1978

 

 

Com. Reg. No.:

27218293

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of paints, varnishes and similar coatings, printing ink a mastics

 

 

No. of Employees :

1

 

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

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 2012-13 tax revenues dropped, 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

 

Summary

 

Company name                                     B.V. CHEMISCHE FABRIEK TRIADE

Operative address                      Dijkweg 159

2675AD Honselersdijk

Netherlands

Legal form                                 Private Company

Registration number                   KvK-nummer: 27218293

VAT-number                              004388082

 

 

Year                             2012                 Mutation          2011                 Mutation          2010

Fixed assets                 281.522             37,99                204.017             16,99                174.391

Total receivables            5.077.096          10,48                4.595.429          -12,43               5.247.987

Total equity                   4.053.418          -3,86                 4.216.149          1,04                  4.172.798

Short term liabilities       3.588.329          -35,74               5.583.745          -0,53                 5.613.374

Working capital              5.655.129          40,95                4.012.132         0,34                  3.998.407

Quick ratio                    1,58                  39,82                1,13                  16,49                0,97

 

 

 

Contact information

 

Company name                         B.V. Chemische Fabriek Triade

Trade names                             Helion Chemie

Italcolor

Colorants Azoiques et Produits Auxilaires (C.A.P.A.)

Greenville Colorants

Operative address                      Dijkweg 159

2675AD Honselersdijk

Netherlands

Correspondence address            Postbus 17

2670AA Naaldwijk

Netherlands

Telephone number                      0174 272222

Fax number                               0174 272270

Email address                           sales@helion.nl

Website                                    www.triade.nl

 

 

Registration

 

Registration number                   KvK-nummer: 27218293

Registered in                             Kamer van Koophandel Den Haag

Branch number                          000018246346

VAT-number                              004388082

Status                                       Active

Memorandum                            1978-02-17

Establishment date                    1978-01-01

Legal form                                 Private Company

Last proposed admendment        1991-09-04

 

 

Activities

 

SBI                                           Manufacture of paints, varnishes and similar coatings, printing ink a mastics (203)

Manufacture of paints, varnishes and similar coatings, printing ink a mastics (2030)

Exporter                                    Yes

Importer                                    Yes

Goal                                         The manufacture of and trade in chemical products as well as the exercise of agents and Commission trade in those products.

 

Relations

 

Ultimate shareholder                  Lida Investments B.V.

Thorbeckelaan 102

2641XJ PIJNACKER

Netherlands

Registration number: 271453100000

 

Companies on same address      Amount: 18

 

Liability statements                    Helion Chemie B.V.

Dijkweg 159

2675AD Honselersdijk

Netherlands

Registration number: 272129370000

date of issue: 1995-01-11

Starting date: 1993-01-01

End date: 2011-02-01

 

 

Bank details

 

Accounts                                  ABN Amro Bank NV

Account number: 47.37.15.244

 

 

Management

 

Active management                    J.G.J.M. van der Ligt (Johannes Gerardus Joseph Maria)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 1978-02-17

Date of birth: 1948-05-16, 's-Gravenhage, NL

 

J.G. van Roon (Jacob Gerardus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1997-11-01

Date of birth: 1948-07-30, Haarlem, NL

Involved with the following companies

 

• Chromatech Europe B.V.

Dijkweg 159

2675AD Honselersdijk

Netherlands

Registration number: 273043720000

Function: Proxy

 

R.J. Zeegers (Rudolf Jan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2002-04-02

Date of birth: 1952-02-15, 's-Gravenzande, NL

 

Employees

 

Year                 2012     2011     2010     2009     2008

Total                 1         1          50         1          1

 

 

 

Payments

 

Description                    The payments are regular

 

Key figures

 

Year

2012

2011

2010

2009

2008

Quick ratio

1,58

1,13

0,97

1,22

1,14

Current ratio

2,58

1,72

1,71

1,84

1,95

Working capital/ balance total

0,59

0,41

0,41

0,45

0,48

Equity / balance total

0,43

0,43

0,43

0,46

0,49

Equity / Fixed assets

14,40

20,67

23,93

33,59

44,57

Equity / liabilities

0,74

0,76

0,74

0,87

0,95

Balance total / liabilities

1,74

1,76

1,74

1,87

1,95

Working capital

5.655.129

4.012.132

3.998.407

3.584.860

3.866.055

Equity

4.053.418

4.216.149

4.172.798

3.694.851

3.893.846

Mutation equity

-3,86

1,04

12,94

-5,11

11,25

Mutation short term liabilities

-35,74

-0,53

31,67

5,11

-48,37

 

 

Summary                                  The 2012 financial result structure is a postive working captial of 5.655.129 euro, which is in agreement with 59 % of the total assets of the company.

The working capital has increased with 40.95 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.

The improvement between 2011 and 2012 has mainly been caused by an increase of the current assets.

The current ratio of the company in 2012 was 2.58. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2012 of the company was 1.58. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

The 2011 financial result structure is a postive working captial of 4.012.132 euro, which is in agreement with 41 % of the total assets of the company.

The working capital and the proportion with respect to the total assets of the company has remained unchanged compared to previous year.

The unchanged working capital can be explained due to the fact that both the current assets and current liabilities have remained the same.

The current ratio of the company in 2011 was 1.72. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2011 of the company was 1.13. A company with a Quick Ratio of more than 1 can currently pay back its current liabilities.

 

 

 

 

 

Financial statement

 

Type of annual account               Corporate

 

Annual account                          B.V. Chemische Fabriek Triade

Dijkweg 159

2675AD Honselersdijk

Netherlands

Registration number: 272182930000

 

 

Balance

 

Year

2012

2011

2010

2009

2008

End date

2012-12-31

2011-12-31

2010-12-31

2009-12-31

2008-12-31

Financial fixed assets

281.522

204.017

174.391

109.991

87.366

Fixed assets

281.522

204.017

174.391

109.991

87.366

Total stock

3.590.473

3.273.084

4.155.055

2.666.635

3.288.158

Total receivables

5.077.096

4.595.429

5.247.987

4.042.287

3.966.327

Liquid funds

575.889

1.727.364

208.739

1.139.171

667.373

Current assets

9.243.458

9.595.877

9.611.781

7.848.093

7.921.858

Total assets

9.524.980

9.799.894

9.786.172

7.958.084

8.009.224

Other reserves

4.053.418

4.216.149

4.172.798

3.694.851

3.893.846

Total reserves

4.053.418

4.216.149

4.172.798

3.694.851

3.893.846

Total equity

4.053.418

4.216.149

4.172.798

3.694.851

3.893.846

Provisions

1.883.233

 

 

 

59.575

Short term liabilities

3.588.329

5.583.745

5.613.374

4.263.233

4.055.803

Total short and long term liabilities

5.471.562

5.583.745

5.613.374

4.263.233

4.115.378

Total liabilities

9.524.980

9.799.894

9.786.172

7.958.084

8.009.224

 

Summary                      The total assets of the company decreased with -2.81 % between 2011 and 2012.

Despite the total assets decrease, non current assets grew with 37.99 %.

Assets reduction is explained by a Net Worth decrease of -3.86 %, and an indebtedness reduction of -2.01 %.

In 2012 the assets of the company were 2.96 % composed of fixed assets and 97.04 % by current assets. The assets are being financed by an equity of 42.56 %, and total debt of 57.44 %.

 

The total assets remained the same between 2010 and 2011.

Despite the fact that the total assets remained the same, the fixed assets increased with 16.99 %.

In 2011 the assets of the company were 2.08 % composed of fixed assets and 97.92 % by current assets. The assets are being financed by an equity of 43.02 %, and total debt of 56.98 %.

 

 

 

 

Analysis

 

Branch (SBI)                              MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS (20)

 

Region                                      Groot Den Haag

In the Netherlands 1365 of the companies are registered with the SBI code 20

In the region Groot Den Haag 78 of the companies are registered with the SBI code 20

In the Netherlands 17 of the bankrupcties are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Groot Den Haag is normal

 

 

Publications

 

Liability statements                    01-02-2011: Per 01-02-2011 is een aansprakelijkheidsverklaring door Helion Chemie B.V. ingetrokken.

Filings                                       22-10-2013: De jaarrekening over 2012 is gepubliceerd.

11-02-2013: De jaarrekening over 2011 is gepubliceerd.

26-10-2011: De jaarrekening over 2010 is gepubliceerd.

08-12-2010: De jaarrekening over 2009 is gepubliceerd.

08-10-2009: De jaarrekening over 2008 is gepubliceerd.

 

 

Company structure

 

Relations 3

 

Syncolor Beheer B.V.

Dijkweg 159

2675AD HONSELERSDIJK

Netherlands

Registration number: 272172620000

• B.V. Chemische Fabriek Triade

Dijkweg 159

2675AD Honselersdijk

Netherlands

Registration number: 272182930000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.50

UK Pound

1

Rs.100.33

Euro

1

Rs.79.91

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.