MIRA INFORM REPORT

 

 

Report Date :

28.08.2014              

 

IDENTIFICATION DETAILS

 

Name :

STAHL EUROPE B.V.

 

 

Registered Office :

Sluisweg 10, 5145PE Waalwijk

 

 

Country :

Netherlands

 

 

Date of Incorporation :

18.04.1955

 

 

Com. Reg. No.:

KvK-nummer: 18107581

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Manufacture of plastics in primary forms

 

 

No. of Employees :

203

 

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 :

Unknown 

 

 

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

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

Source : CIA

 

Summary

 

Company name           Stahl Europe B.V.

Operative address       Sluisweg 10

5145PE Waalwijk

Netherlands

Legal form                   Besloten Vennootschap

Registration number    KvK-nummer: 18107581

VAT-number                001188288

 

 

Contact information

 

Company name                       Stahl Europe B.V.

Trade names                           Stahl Europe B.V.

Operative address                   Sluisweg 10

5145PE Waalwijk

Netherlands

Correspondence address         Postbus 31

5140AA Waalwijk

Netherlands

Telephone number                  0416689111

Fax number                             0416344441

Email address                          stahl.europe@stahl.com

Website                                   www.stahl.com

 

 

Registration

 

Registration number                            KvK-nummer: 18107581

Registered in                                       Kamer van Koophandel Brabant

Branch number                                    000019218419

VAT-number                                        001188288

Status                                                  Active

First registration company register      1955-08-17

Memorandum                                      1955-04-18

Establishment date                              1955-04-18

Legal form                                           Besloten Vennootschap

Legal person since                              1973-03-13

Last proposed admendment                2004-11-30

 

 


Activities

 

SBI                   Manufacture of plastics in primary forms (2016)

Exporter           Yes

Importer           Yes

Goal                 De fabricage van en de handel in chemische producten in het bijzonder leerfinishproducten

 

 

Relations

 

Shareholders               Stahl Netherlands B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number:   180658400000

Percentage:                 100%

 

Shareholders               Global ultimate owner:

WENDEL

89, RUE TAITBOUT

75009 PARIS

France

Siret: FR572174035

 

Companies on same address

 

Stahl Treasury B.V.

Registration number: 180658410000

Stahl International B.V.

Registration number: 181326710000

Stahl Netherlands B.V.

Registration number: 180658400000

Stahl Holdings B.V.

Registration number: 342493200000

Stichting Administratiekantoor Stahl Group

Registration number: 342508610000

Stahl China B.V.

Registration number: 172152840000

Personeelsvereniging Stahl

Registration number: 172341470000

Stichting Stahl Group

Registration number: 172792210000

Companies on same address

Stahl UK Ltd

Registration number: 577141930000

 

Liability statements     Foreign entity

date of issue: 2011-04-22

Starting date: 2011-03-02

 

 

Bank details

 

Accounts ABN Amro Bank NV

Account number:         52.46.39.450

 

 

Management

 

Active management

 

Stahl Holdings B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number: 342493200000

Competence: Fully authorized

Function: Manager

Starting date: 2006-07-25

Active management

G. Borgart (Guido)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2008-03-06

Date of birth: 1960-03-24, Maastricht, NL

Involved with the following companies

Radium Foam B.V.

Fort Willemweg 61

6219PA MAASTRICHT

Netherlands

Registration number: 146288410000

Function: Manager

F.W. Akkermans (Ferdinand Willem)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1992-06-01

Date of birth: 1948-10-17, Rotterdam, NL

E. Tessore (Enrico)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-08-01

Date of birth: 1971-01-10, Savona, IT

R.S.J.C. van Vliet (Ramon Sylvester Johannes Corne)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-08-01

Date of birth: 1975-06-24, Hardinxveld-Giessendam, NL

C.J.M. Daamen (Christiaan Johannes Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-06-13

Date of birth: 1958-09-20, Breda, NL

B.J. Meijer (Ben Johan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-11-23

Date of birth: 1976-05-04, Ootmarsum, NL

T.A.P.M. Maes (Thomas Antonius Petrus Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-08-01

Date of birth: 1956-11-26, Breda, NL

M. Houtzager (Maarten)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-08-01

Date of birth: 1979-04-15, Leiden, NL

 

L.A.M. ter Huurne (Laurens Antonius Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-06-06

Date of birth: 1966-09-11, Ambt Delden, NL

 

 

Employees

 

Year                 2012                 2011                 2008                 2007                 2006

Total                203                   202                   203                   203                   203

 

 

 

Payments

 

Description      Payments are unknown

 

 

Financial statement

 

Remark annual account          The liability statement is filed by a company outside the Netherlands. We advise to request acreditreport on the foreign entity to assess the creditlimit.

 

Analysis

 

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

Region             Midden-Brabant

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

In the region Midden-Brabant 62 of the companies are registered with the SBI code 20

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

In the region Midden-Brabant 1 of the bankruptcies 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 Midden-Brabant is normal

 

 


Publications

 

Consent statements     18-03-2014: Voor boekjaar 2013 is een instemmingsverklaring gedeponeerd.

05-03-2013: Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.

21-03-2012: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.

26-04-2011: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.

Liability statements     26-04-2011: Per 10-02-2011 is een aansprakelijkheidsverklaring door Stahl Group B.V. ingetrokken.

26-04-2011: Per 22-04-2011 is een aansprakelijkheidsverklaring door gedeponeerd.

22-02-2011: Per 10-02-2011 is een aansprakelijkheidsverklaring door Stahl Group B.V.

ingetrokken.

Functions                     12-06-2013: Per 30-05-2013 is gevolmachtigde Naraindra Kumar Dings uit functie getreden.

30-03-2012: Per 01-03-2012 is gevolmachtigde Josephus Anna Johannes Verboven uit

functie getreden.

11-07-2011: Per 06-06-2011 is gevolmachtigde Laurens Antonius Maria ter Huurne in functie

getreden.

11-07-2011: Per 01-05-2011 is gevolmachtigde Naraindra Kumar Dings in functie getreden.

31-05-2011: Per 31-05-2011 is gevolmachtigde Cornelis Adrianus Maria Scharloo uit functie

getreden.

24-05-2011: Per 30-04-2011 is gevolmachtigde Ronald Jean Hamelink uit functie getreden.

11-02-2011: Per 01-12-2010 is gevolmachtigde Cornelis Adrianus Maria Scharloo in functie

Getreden

28-12-2010: Per 01-08-2010 is gevolmachtigde Ronald Jean Hamelink uit functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Hendericus Jasper Veenstra uit functie

getreden.

28-12-2010: Per 01-08-2008 is gevolmachtigde Ramon Sylvester Johannes Cornelis van

Vliet uit functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Enrico Tessore uit functie getreden.

28-12-2010: Per 20-09-2010 is gevolmachtigde Adrianus Augustinus Marinus Pulles uit

functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Maarten Houtzager in functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Thomas Antonius Petrus Marie Maes in

functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Enrico Tessore in functie getreden.

28-12-2010: Per 01-08-2010 is gevolmachtigde Ronald Jean Hamelink in functie getreden.

28-12-2010: Per 08-12-2010 is gevolmachtigde Pieter van den Berge uit functie getreden.

28-12-2010: Per 01-08-2008 is gevolmachtigde Ramon Sylvester Johannes Cornelis van

Vliet in functie getreden

 

 

Company structure

 

Relations 8

Winvest Part 4 S.A.

Luxembourg

• Winvest Part B.V.

Amstelplein 1

1096HA AMSTERDAM

Netherlands

Registration number: 343740230000

• Stahl Holdings B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number: 342493200000

• Stahl Netherlands B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number: 180658400000

• Stahl Europe B.V.

Sluisweg 10

5145PE Waalwijk

Netherlands

Registration number: 181075810000

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.46

UK Pound

1

Rs.100.14

Euro

1

Rs.79.65

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PDT

 

               

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.