MIRA INFORM REPORT
|
Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
HUNTSMAN HOLLAND B.V. |
|
|
|
|
Registered Office : |
Merseyweg 10 3197KG Botlek
Rotterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.01.1928 |
|
|
|
|
Com. Reg. No.: |
24070891 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Manufacture of plastics in primary forms · Manufacture of man-made fibres · Manufacture of pharmaceutical products |
|
|
|
|
No. of Employees : |
400 |
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 : |
Slow but correct |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 2012-13 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 |
Company
name and address
|
Company name |
HUNTSMAN HOLLAND B.V. |
|
Operative address |
Merseyweg 10 |
|
|
3197KG Botlek Rotterdam |
|
|
Netherlands |
Legal form Private Company
Registration number KvK-nummer: 24070891
VAT-number 001855062
|
Year |
2011 |
|
Mutation |
2010 |
|
Mutation |
2009 |
|
Fixed assets |
1.477.786.522 |
|
13,01 |
1.307.607.923 |
|
50,66 |
867.920.073 |
|
Total receivables |
685.692.087 |
|
-7,17 |
738.635.760 |
t |
61,23 |
458.138.150 |
|
|
|||||||
|
Total equity |
975.430.085 |
|
15,25 |
846.367.204 |
t |
106,14 |
410.573.260 |
|
Short term liabilities |
1.225.410.761 |
|
-14,91 |
1.440.123.598 |
t |
73,13 |
831.822.623 |
|
|
|||||||
|
Net result |
7.273.360 |
t |
104,50 |
-161.668.226 |
|
16,68 |
-194.036.459 |
|
|
|||||||
|
Working capital |
378.722.464 |
* |
56,45 |
242.067.751 |
t |
354,61 |
53.247.244 |
|
Quick ratio |
0,66 |
|
|
0,66 |
|
6,45 |
0,62 |
Contact
information
Company name Huntsman Holland B.V.
Trade names Huntsman Holland B.V.
Huntsman Polyurethanes
Huntsman
Operative address Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Correspondence address Postbus 1020
3180AA Rozenburg Zh
Netherlands
Telephone number 0181 299111
Fax number 0181 293900
Email address info@huntsman.com
Website www.huntsman.com
Registration
Registration number KvK-nummer: 24070891
Registered in Kamer van Koophandel Rotterdam
Branch number 000018608906
VAT-number 001855062
Status Active
First registration company register 1947-01-03
Memorandum 1928-01-26
Establishment date 1928-01-01
Legal form Private Company
Last proposed admendment 2008-10-27
Activities
SBI Manufacture of plastics in primary forms (2016)
Manufacture of man-made fibres (2060)
Manufacture of pharmaceutical products, no raw (212001)
ISO certified Yes
ISO certifier DNV Business Assurance
ISO standard ISO 14001:2004
Exporter No
Importer No
Goal Manufacturing, selling, importing, exporting, and generally trade in
chemicals, as well as the activities of a holding and finance
Relations
Shareholders Huntsman Investments (Netherlands) B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 242930540000
Percentage: 100.00%
Branches Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000
Companies on same address Amount: 21
Liability statements Huntsman Investments (Netherlands) B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 242930540000
date of issue: 2006-01-31
Starting date: 2004-01-01
Bank
details
Accounts ABN Amro Bank NV
Account number: 50.03.36.628
ING Bank NV
Account number: 63208
Management
B. de Jong (Benjamin)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2003-04-01
Date of birth: 1961-08-07, Enkhuizen, NL
Involved with the following companies
• Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000
Function: Manager
Active management
M.J. van der Meer (Max Jacobus)
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2003-04-01
Date of birth: 1959-06-23, 's-Gravenhage, NL
Involved with the following companies
• Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000
Function: General Director
E.
Barents (Erik)
Netherlands
Function:
Commissaris
Starting
date: 2003-04-17
Date
of birth: 1947-01-24, 's-Gravenhage, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Commissaris
N.E.D.
Degrieck (Natasja Edward Denise)
Netherlands
Function:
Commissaris
Starting
date: 2003-12-19
Date
of birth: 1965-06-24, Oostende, BE
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Commissaris
N.A.
Webster (Nicholas Andrew)
Netherlands
Function:
Commissaris
Starting
date: 2004-10-01
Date
of birth: 1957-08-31, Oxford, GB
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Commissaris
J.C.
ten Cate (Johan Christoffel)
Netherlands
Function: Commissaris
Starting
date: 2007-09-15
Date
of birth: 1946-03-25, Neede, NL Involved with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Commissaris
Beurs
Rotterdam N.V.
Beursplein
37 3011AA Rotterdam Netherlands
Registration
number: 240418480000 Function: Commissaris
Pon Holdings B.V.
Rondebeltweg 31 1329BN
Almere
Netherlands
Registration number: 080179700000 Function: Commissaris
Koepon
Holding B.V.
Zijlsterweg
4 9892PK Feerwerd Netherlands
Registration
number: 020406920000 Function: Commissaris
F.W. Weisglas (Frans Willy)
Netherlands
Function: Commissaris
Starting date: 2009-05-29
Date of birth: 1946-08-08,
's-Gravenhage, NL
Involved with the following
companies
Stichting
"Het Rijnlands Lyceum"
Backershagenlaan
3 2243AB Wassenaar Netherlands
Registration
number: 411508570000 Function: Chairman
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Commissaris
M.
Kleijburg (Marcel)
Netherlands
Competence:
Limited authorization
Function:
Proxy
Starting
date: 1999-10-01
Date
of birth: 1970-07-10, Rockanje, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
L.
Wendels (Leendert)
Netherlands
Competence:
Limited authorization
Function:
Proxy
Starting
date: 1999-10-01
Date
of birth: 1962-06-20, Dordrecht, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
P.J.
de Gast (Pieter Jacob)
Netherlands
Competence:
Limited authorization
Function:
Proxy
Starting
date: 2003-03-01
Date
of birth: 1960-02-02, Nieuwe Tonge, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
K.L.M.
van Veen - Hoogenboom (Klazina Leentje Maria)
Netherlands
Competence:
Limited authorization Function: Proxy
Starting
date: 2011-05-01
Date
of birth: 1975-10-23, Rozenburg, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
C.M.M.
van Kleef - Fennis (Catharina Magdalena Maria)
Netherlands
Competence:
Limited authorization
Function:
Proxy
Starting
date: 2011-10-01
Date
of birth: 1959-09-09, Heerlen, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
A.J.
van Gelder - van der Vaart (Annigje Jantina)
Netherlands
Competence:
Limited authorization
Function:
Proxy
Starting
date: 2011-10-01
Date
of birth: 1966-06-20, Rotterdam, NL
Involved
with the following companies
Huntsman Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910000 Function: Proxy
M.R.
Janssen (Martin Raymond)
Netherlands
Competence:
Limited authorization Function: Proxy
Starting
date: 2011-10-01
Date
of birth: 1971-01-02, Rotterdam, NL
W.P.A. Kok (Willem Pieter
Aart)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date: 2011-10-01
Employee
|
Year |
2012 |
2011 |
2010 |
|
Total |
400 |
420 |
420 |
Payments
Score 5,54
Description Payments
are made regularly with some delay
Key
figures
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Quick ratio |
0,66 |
0,66 |
0,62 |
0,48 |
0,63 |
|
Current ratio |
1,31 |
1,17 |
1,06 |
1,01 |
1,10 |
|
|
|||||
|
Working capital/ balance
total |
0,12 |
0,08 |
0,03 |
0,01 |
0,05 |
|
Equity / balance total |
0,32 |
0,28 |
0,23 |
0,26 |
0,33 |
|
Equity / Fixed assets |
0,66 |
0,65 |
0,47 |
0,51 |
0,66 |
|
Equity / liabilities |
0,47 |
0,40 |
0,31 |
0,35 |
0,50 |
|
Balance total /
liabilities |
1,50 |
1,41 |
1,32 |
1,35 |
1,51 |
|
|
|||||
|
Working capital |
378.722.464 |
242.067.751 |
53.247.244 |
9.306.608 |
98.079.661 |
|
Equity |
975.430.085 |
846.367.204 |
410.573.260 |
475.086.819 |
699.787.030 |
|
Mutation equity |
15,25 |
106,14 |
-13,58 |
-32,11 |
-22,62 |
|
Mutation short term
liabilities |
-14,91 |
73,13 |
-8,67 |
-3,83 |
-18,77 |
|
|
|||||
|
Return on total assets
(ROA) |
2,16 |
-4,82 |
-11,37 |
-2,86 |
1,17 |
|
Return on equity (ROE) |
6,84 |
-17,01 |
-48,57 |
-11,18 |
3,52 |
|
Gross profit margin |
1,61 |
-3,99 |
-6,98 |
-0,48 |
1,98 |
|
Net profit margin |
0,15 |
-5,36 |
-7,88 |
-5,57 |
0,21 |
|
|
|||||
|
Average collection ratio |
3,95 |
2,10 |
2,96 |
3,66 |
3,14 |
|
Average payment ratio |
7,05 |
4,08 |
5,37 |
8,45 |
5,48 |
|
Equity turnover ratio |
4,96 |
3,56 |
5,99 |
7,01 |
4,25 |
|
Total assets turnover
ratio |
1,57 |
1,01 |
1,40 |
1,79 |
1,41 |
|
Fixed assets turnover
ratio |
3,27 |
2,31 |
2,84 |
3,55 |
2,79 |
|
Inventory conversion ratio |
6,12 |
4,12 |
6,65 |
6,95 |
6,66 |
|
|
|||||
|
Turnover |
4.836.763.225 |
3.017.167.094 |
2.461.353.622 |
3.330.558.514 |
2.972.900.665 |
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Gross margin |
662.053.475 |
388.333.161 |
192.251.093 |
320.161.112 |
313.450.321 |
|
Operating result |
77.660.560 |
-120.362.171 |
-171.814.475 |
-16.085.371 |
58.872.387 |
|
Net result after taxes |
7.273.360 |
-161.668.226 |
-194.036.459 |
-185.530.019 |
6.255.692 |
|
|
|||||
|
Cashflow |
12.609.166 |
-45.800.786 |
-191.187.647 |
-181.217.306 |
10.252.705 |
|
EBIT |
77.660.560 |
-120.362.171 |
-171.814.475 |
-16.085.371 |
58.872.387 |
|
EBITDA |
82.996.367 |
-4.494.732 |
-168.965.662 |
-11.772.658 |
62.869.400 |
Summary
The 2011 financial result
structure is a postive working captial of 378.722.464 euro, which is in
agreement with 12 % of the total assets of the company.
The working capital has
increased with 56.45 % compared to previous year. The ratio, with respect to the
total assets of the company has however, increased. The improvement between
2010 and 2011 has mainly been caused by an increase of the current assets.
The current ratio of the
company in 2011 was 1.31. When the current ratio is below 1.5, the company may
have problems meeting its short-term obligations.
The quick ratio in 2011 of
the company was 0.66. A company with a Quick Ratio of less than 1 cannot
currently pay back its current liabilities.
The 2010 financial result structure
is a postive working captial of 242.067.751 euro, which is in agreement with 8
% of the total assets of the company.
The working capital has
increased with 354.61 % compared to previous year. The ratio, with respect to
the total assets of the company has however, increased. The improvement between
2009 and 2010 has mainly been caused by an increase of the current assets.
The current ratio of the
company in 2010 was 1.17. When the current ratio is below 1.5, the company may
have problems meeting its short-term obligations.
The quick ratio in 2010 of
the company was 0.66. A company with a Quick Ratio of less than 1 cannot
currently pay back its current liabilities
Financial
statement
Type of annual account Consolidated
Annual account Huntsman
Investments (Netherlands) B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 242930540000
Balance
sheet
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
End date |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
2007-12-31 |
|
Intangible fixed assets |
72.170.182 |
41.743.634 |
42.430.226 |
55.878.450 |
57.174.811 |
|
Tangible fixed assets |
1.126.925.563 |
1.004.080.754 |
708.365.764 |
754.580.382 |
883.269.896 |
|
Financial fixed assets |
278.690.777 |
261.783.534 |
117.124.083 |
127.033.188 |
124.028.318 |
|
Fixed assets |
1.477.786.522 |
1.307.607.923 |
867.920.073 |
937.492.019 |
1.064.473.025 |
|
|
|||||
|
Inventories |
789.742.631 |
731.690.580 |
370.185.932 |
479.453.423 |
446.046.675 |
|
Accounts receivable |
415.925.492 |
531.047.816 |
281.716.569 |
287.198.532 |
337.868.511 |
|
Other receivables |
269.766.594 |
207.587.944 |
176.421.581 |
107.104.314 |
204.192.067 |
|
Total receivables |
685.692.087 |
738.635.760 |
458.138.150 |
394.302.846 |
542.060.578 |
|
Liquid funds |
128.698.507 |
211.865.008 |
56.745.785 |
46.382.145 |
57.060.689 |
|
Current assets |
1.604.133.225 |
1.682.191.349 |
885.069.867 |
920.138.414 |
1.045.167.942 |
|
Total assets |
3.081.919.747 |
2.989.799.271 |
1.752.989.940 |
1.857.630.433 |
2.109.640.967 |
|
|
|||||
|
Minority interests |
50.315.325 |
23.455.035 |
12.587.807 |
9.431.635 |
10.000.005 |
|
Total equity |
975.430.085 |
846.367.204 |
410.573.260 |
475.086.819 |
699.787.030 |
|
Provisions |
315.089.262 |
242.446.239 |
110.583.754 |
156.428.905 |
97.993.389 |
|
Long term interest
yielding debt |
515.674.313 |
437.407.196 |
387.422.495 |
305.851.268 |
354.772.262 |
|
Long term liabilities |
515.674.313 |
437.407.196 |
387.422.495 |
305.851.268 |
354.772.262 |
|
Accounts payable |
322.821.699 |
291.467.913 |
171.441.019 |
178.037.740 |
206.366.513 |
|
Other short term
liabilities |
902.589.063 |
1.148.655.685 |
660.381.604 |
732.794.067 |
740.721.768 |
|
Short term liabilities |
1.225.410.761 |
1.440.123.598 |
831.822.623 |
910.831.806 |
947.088.281 |
|
Total short and long term
liabilities |
2.056.174.336 |
2.119.977.032 |
1.329.828.873 |
1.373.111.979 |
1.399.853.932 |
|
Total liabilities |
3.081.919.747 |
2.989.799.271 |
1.752.989.940 |
1.857.630.433 |
2.109.640.967 |
Summary
The total assets of the
company increased with 3.08 % between 2010 and 2011.
The total asset increase is
retrievable in the fixed asset growth of 13.01 %.
The assets growth has been financed
by a Net Worth increase of 15.25 %. The company's
net increase has also
covered a reduction of -3.01 % of the company's indebtedness.
In 2011 the assets of the
company were 47.95 % composed of fixed assets and 52.05 % by
current assets. The assets
are being financed by an equity of 31.65 %, and total debt of
68.35 %.
The total assets of the
company increased with 70.55 % between 2009 and 2010. The fixed asset growth of
50.66 % is lower than the total asset growth. The asset growth has mainly been financed
by a Net Worth increase of 106.14 %. Debt, however, grew with 59.42 %.
In 2010 the assets of the
company were 43.74 % composed of fixed assets and 56.26 % by current assets.
The assets are being
financed by an equity of 28.31 %, and total debt of
71.69 %.
Profit
and loss
|
Year |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Revenues |
4.836.763.225 |
3.017.167.094 |
2.461.353.622 |
3.330.558.514 |
2.972.900.665 |
|
Net turnover |
4.836.763.225 |
3.017.167.094 |
2.461.353.622 |
3.330.558.514 |
2.972.900.665 |
|
|
|||||
|
Gross margin |
662.053.475 |
388.333.161 |
192.251.093 |
320.161.112 |
313.450.321 |
|
|
|||||
|
Wages and salaries |
534.804.848 |
214.582.492 |
99.450.202 |
254.534.149 |
218.733.206 |
|
Amorization and
depreciation |
5.335.806 |
115.867.440 |
2.848.812 |
4.312.713 |
3.997.013 |
|
Sales |
4.174.709.750 |
2.628.833.933 |
2.269.102.529 |
3.010.397.402 |
2.659.450.343 |
|
other operating costs |
44.252.260 |
178.245.401 |
261.766.553 |
77.399.621 |
31.847.716 |
|
Operating expenses |
4.759.102.665 |
3.137.529.266 |
2.633.168.096 |
3.346.643.885 |
2.914.028.278 |
|
Result in subsidiaries |
10.928.974 |
7.173.320 |
5.116.617 |
6.832.654 |
2.790.573 |
|
Operating result |
77.660.560 |
-120.362.171 |
-171.814.475 |
-16.085.371 |
58.872.387 |
|
|
|||||
|
Financial income |
751.990 |
3.818.540 |
1.981.118 |
10.461.311 |
13.054.147 |
|
Financial expenses |
22.661.720 |
34.616.691 |
34.685.538 |
54.301.960 |
50.108.033 |
|
Financial result |
-21.909.730 |
-30.798.151 |
-32.704.420 |
-43.840.648 |
-37.053.886 |
|
Result on ordinary
operations before taxes |
66.679.805 |
-143.987.003 |
-199.402.278 |
-53.093.365 |
24.609.074 |
|
|
|||||
|
Taxation on the result of
ordinary activities |
17.492.851 |
16.903.303 |
-1.659.725 |
3.985.056 |
21.549.497 |
|
Result of ordinary
activities after taxes |
49.186.954 |
-160.890.306 |
-197.742.553 |
-57.078.421 |
3.059.576 |
|
|
|||||
|
Extraordinary expense |
39.493.005 |
|
|
128.144.778 |
|
|
Extraordinary result after
taxation |
-39.493.005 |
|
|
-128.144.778 |
|
summary
The turnover of the company
grew with 60.31 % between 2010 and 2011.
The gross profit of the company
grew with 70.49 % between 2010 and 2011.
The operating result of the
company grew with 164.52 % between 2010 and 2011. This
evolution implies an
increase of the company's economic profitability.
The result of these changes is
an increase of the company's Economic Profitability of 144.81
% of the analysed period,
being equal to 2010 % in the year 2011.
This growth has contributed
to the increase in assets turnover, increasing by 55.45 %
reaching 1.57.
The Net Result of the company
decreased by 104.5 % between 2010 and 2011.
The company's Financial
Profitability has been positively affected by the financial activities in
comparison to the EBITs
behaviour. The result of these variations is a profitability increase of
140.21 % of the analysed
period, being 6.84 % in the year 2011.
The company's financial
structure has slowed down its financial profitability.
The gross profit of the
company grew with 101.99 % between 2009 and 2010.
The operating result of the
company grew with 29.95 % between 2009 and 2010. This
evolution implies an
increase of the company's economic profitability.
The result of these changes
is an increase of the company's Economic Profitability of 57.61
% of the analysed period,
being equal to 2009 % in the year 2010.
Despite the growth the
assets turnover decreased, whose index evolved with -27.86 % to a level of
1.01.
The Net Result of the
company decreased by 16.68 % between 2009 and 2010.
The company's Financial
Profitability has been positively affected by the financial activities in
comparison to the EBITs
behaviour. The result of these variations is a profitability increase of
64.98 % of the analysed
period, being -17.01 % in the year 2010.
The company's financial
structure has slowed down its financial profitability
Analysis
MANUFACTURE OF CHEMICALS AND
CHEMICAL PRODUCTS (20) Groot Rotterdam
In the Netherlands 1323 of
the companies are registered with the SBI code 20
In the region Groot
Rotterdam 96 of the companies are registered with the SBI code 20
In the Netherlands 21 of the
bankrupcties are published within this sector
In the region Groot
Rotterdam 2 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 Groot Rotterdam is normal
Publications
Consent statements 07-01-2013:
Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.
07-01-2013:
Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd. 29-03-2011: Voor
boekjaar 2010 is een instemmingsverklaring gedeponeerd.
01-2011:
Voor boekjaar 2009 is een instemmingsverklaring gedeponeerd.
Functions 23-07-2012: Per 01-10-2011 is gevolmachtigde Willem Pieter
Aart Kok in functie getreden.
04-01-2012:
Per 01-10-2011 is gevolmachtigde Martin Raymond Janssen in functie getreden.
01-11-2011: Per 01-11-2011 is gevolmachtigde Michael George Fowles uit functie
getreden. 27-10-2011: Per 01-10-2011 is gevolmachtigde Annigje Jantina van
Gelder-van der Vaart in functie getreden.
10-2011:
Per 01-10-2011 is gevolmachtigde Catharina Magdalena Maria van Kleef-Fennis in
functie getreden.
25-05-2011:
Per 01-05-2011 is gevolmachtigde Klazina Leentje Maria van Veen-Hoogenboom in
functie getreden.
Company structure
Relations 14
Huntsman (Holdings)
Netherlands B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 513417860000
• Huntsman
Investments (Netherlands) B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 242930540000
• Huntsman
Holland B.V.
Merseyweg 10
3197KG Botlek Rotterdam
Netherlands
Registration number: 240708910001
• Huntsman
Holland Iota B.V.
Merseyweg 10
3197KG BOTLEK ROTTERDAM
Netherlands
Registration number: 241807010000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.52 |
|
Euro |
1 |
Rs.85.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.