MIRA INFORM REPORT
|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOMENTIVE SPECIALTY CHEMICALS
B.V. |
|
|
|
|
Registered Office : |
Seattleweg 17 Building 4, 3195ND Pernis Rotterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.07.1999 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 24294676 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
150 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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 Momentive
Specialty Chemicals B.V.
Operative address Seattleweg
17building 4
3195ND Pernis Rotterdam
Netherlands
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
24294676
VAT-number 808327586
|
Year |
2013 |
|
Mutation |
2012 |
|
Mutation |
2011 |
|
Fixed assets |
226.383.000 |
|
-67,87 |
704.605.000 |
|
6,63 |
660.819.000 |
|
Total receivables |
584.337.000 |
* |
75,07 |
333.775.000 |
|
-17,51 |
404.617.000 |
|
|
|||||||
|
Total equity |
373.269.000 |
|
-2,21 |
381.716.000 |
t |
153,98 |
150.295.000 |
|
Short term liabilities |
330.739.000 |
4 |
-38,93 |
541.561.000 |
t |
120,74 |
245.340.000 |
|
|
|||||||
|
Net result |
-39.419.000 |
|
-114,46 |
272.626.000 |
t |
1.038,22 |
23.952.000 |
|
|
|||||||
|
Working capital |
331.429.000 |
|
396,62 |
-111.735.000 |
|
-146,27 |
241.490.000 |
|
Quick ratio |
1,77 |
r |
185,48 |
0,62 |
4 |
-62,42 |
1,65 |
Contact
information
Company name Momentive
Specialty Chemicals B.V.
Trade names Hexion
Momentive Specialty Chemicals
B.V.
Momentive Specialty Chemicals
Momentive Specialty Chemicals
Operative address Seattleweg
17building 4
3195ND Pernis Rotterdam
Netherlands
Correspondence address Postbus
606
3190AN Hoogvliet Rotterdam
Netherlands
Telephone number 0102954000
Fax number 0102954040
Email address officemanagement.rotterdam@hexion.com
Website www.hexion.com
Registration
Registration number KvK-nummer:
24294676
Branch number 000018998305
VAT-number 808327586
Status Active
First registration company register 1999-07-16
Memorandum 1999-07-02
Establishment date 1999-07-02
Legal form Besloten
Vennootschap
Last proposed admendment 2014-08-14
Activities
SBI Manufacture
of plastics in primary forms (2016)
Wholesale trade (no motor
vehicles and motorcycles) (46)
Agents involved in the sale of
fuels (4612)
Exporter No
Importer No
Branche organisations VNCI - Vereniging van de
Nederlandse Chemische Industrie
Goal Vennootschap
heeft tot doel het ontwikkelen vervaardigen, verwerken, vervoeren, opslaan en
het drijven van handel- commissiehandel en agenturen daaronder begrepen- in
chemische produkten; het verstrekken van garanties en het stellen van zekerheid
Relations
Shareholders Momentive
Specialty Chemicals Holding B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number:
271820960000
Percentage: 100%
Momentive Specialty Chemicals
B.V.
Vondelingenweg 601
3196KK VONDELINGENPLAAT RT
Netherlands
Registration number: 242946760001
Branches
Hexion Specialty Chemicals B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number:
242946760002
Management
A.W.M. Mertens (Arnoldus Wilhelmus Maria)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2008-05-01
Date of birth: 1963-04-02, Halsteren, NL
N.J. Seymour (Nigel James)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2012-08-01
Date of birth: 1964-03-12, Halesowen, GB
P.R. van Heel (Paul Richard)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2014-08-14
Date of birth: 1964-05-18, Deventer, NL
A.M.J. Frederix (Ann Maria José)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2014-08-14
Date of birth: 1964-11-02, Houthalen, BE
J.P. Bevilaqua (Joseph Patrick)
Netherlands
Function: Commissaris
Starting date: 2014-08-14
Date of birth: 1955-04-09, Tennessee, US
J.D. Harp (Julia Diane)
Netherlands
Function: Commissaris
Starting date: 2014-08-14
Date of birth: 1952-05-01, Louisville, NL
Active management
G.F. Knight III (George Ferry)
Netherlands
Function: Commissaris
Starting date: 2014-08-14
Date of birth: 1957-02-18, New York, US
F.P.J. Hulsmann (Franciscus Petrus Johannes)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2006-12-04
Date of birth: 1970-08-31, Haarlem, NL
W.H. Vrielink (Wiechertje Hendrica)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-05-01
Date of birth: 1963-04-10, Almelo, NL
A. Milosevic (Aleksandra)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-01-01
Date of birth: 1970-04-15, Belgrado, NL
P.R. van Heel (Paul Richard)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2009-10-01
Date of birth: 1964-05-18, Deventer, NL
B.A. Stephan (Bjorn Aldo)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2010-02-05
Date of birth: 1969-09-26, Erlangen, DE
A.M.J. Frederix (Ann Maria José)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2010-01-15
Date of birth: 1964-11-02, Houthalen, BE
Visser - van Haften (Alexandra)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-08-27
Date of birth: 1965-07-29, Rotterdam, NL
D.V. van den Homberg (Delphine Valérie)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-08-30
Date of birth: 1974-11-14, Suresnes, FR
M. van der Veer - Brakkee (Marianne)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-07-04
Date of birth: 1967-07-14, Vlissingen, NL
J.H. van der Linden (Jeremias Herman)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-08-01
Date of birth: 1960-05-19, Schoonhoven, NL
W.J.M.M. Engelen (Wilhelmus Johannes Marcelus Ma)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-04-02
Date of birth: 1961-05-01, Tilburg, NL
R.A. Peters (Robert Anton)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-12-09
Date of birth: 1972-10-14, Deventer, NL
R. Maecker (Ralf)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-07-20
Date of birth: 1961-05-01, Leverkusen, DE
A.P. Theissing (Andreas Peter)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-08-31
Date of birth: 1968-11-26, Dusseldorf, DE
A.L.G. van Buchem (Antonius Leonardus Giovanni)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-11-16
Date of birth: 1962-04-27, 's-Hertogenbosch, NL
J.A.A. Riviere (Jean Andre Alfred)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-01-31
Date of birth: 1958-11-14, Tournai, BE
T.J. Sullivan (Thomas Joseph)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-03-21
Date of birth: 1961-10-03, Ohio, US
E.E. Meijer (Erik Egbert)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-06-24
Date of birth: 1966-01-04, 's-Gravenhage, NL
P. Chedd (Peter)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-07-01
Date of birth: 1964-03-19, Bradfield, GB
O.A. Kalbasenka (Olga Alexandrovna)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-06-20
Date of birth: 1983-04-06, Lipovtsy, NL
O.A. Kalbasenka (Olga Alexandrovna)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-06-20
Date of birth: 1983-04-06, Lipovtsy, NL
G.E. Badini (Gabriele Ernestino)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-03-24
Date of birth: 1963-11-01, London, GB
G.E. Badini (Gabriele Ernestino)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-03-24
Date of birth: 1963-11-01, London, GB
C.D. Millet (Cédric Donald)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-05-07
Date of birth: 1975-07-16, Fort-de-France, FR
C.D. Millet (Cédric Donald)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-05-07
Date of birth: 1975-07-16, Fort-de-France, FR
W.W. Jongepier (Wouter Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-07-17
Date of birth: 1962-09-21, Veldhoven, NL
W.W. Jongepier (Wouter Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-07-17
Date of birth: 1962-09-21, Veldhoven, NL
J. van Beek (Jan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-08-05
Date of birth: 1970-04-21, Ridderkerk, NL
J. van Beek (Jan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-08-05
Date of birth: 1970-04-21, Ridderkerk, NL
Employees
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
150 |
507 |
150 |
150 |
150 |
Payments
|
Description |
The payments are slightly delayed |
|
|
|
Key figures
|
|
|||||
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick
ratio |
1,77 |
0,62 |
1,65 |
1,88 |
2,64 |
|
Current
ratio |
2,00 |
0,79 |
1,98 |
2,22 |
3,05 |
|
|
|||||
|
Working
capital/ balance total |
0,37 |
-0,10 |
0,21 |
0,29 |
0,27 |
|
Equity /
balance total |
0,42 |
0,34 |
0,13 |
0,14 |
0,10 |
|
Equity /
Fixed assets |
1,65 |
0,54 |
0,23 |
0,31 |
0,16 |
|
Equity /
liabilities |
0,72 |
0,51 |
0,15 |
0,17 |
0,11 |
|
Balance
total / liabilities |
1,72 |
1,51 |
1,15 |
1,17 |
1,11 |
|
|
|||||
|
Working
capital |
331.429.000 |
-111.735.000 |
241.490.000 |
289.765.000 |
318.152.000 |
|
Equity |
373.269.000 |
381.716.000 |
150.295.000 |
142.672.000 |
111.097.000 |
|
Mutation
equity |
-2,21 |
153,98 |
5,34 |
28,42 |
793,13 |
|
Mutation
short term liabilities |
-38,93 |
120,74 |
2,91 |
53,94 |
-20,42 |
|
|
|||||
|
Return
on total assets (ROA) |
-10,30 |
23,80 |
2,75 |
3,95 |
-0,65 |
|
Return
on equity (ROE) |
-24,51 |
70,74 |
20,97 |
27,41 |
-6,78 |
|
Gross
profit margin |
-12,20 |
-1,78 |
3,54 |
2,40 |
1,00 |
|
Net
profit margin |
-4,49 |
30,27 |
2,54 |
3,24 |
-0,53 |
|
|
|||||
|
Average
collection ratio |
2,65 |
1,66 |
3,84 |
3,86 |
4,96 |
|
Average
payment ratio |
1,50 |
2,70 |
2,33 |
2,09 |
1,90 |
|
Equity
turnover ratio |
2,35 |
2,36 |
6,27 |
6,44 |
6,91 |
|
Total
assets turnover ratio |
0,99 |
0,79 |
0,82 |
0,93 |
0,66 |
|
Fixed
assets turnover ratio |
3,88 |
1,28 |
1,43 |
1,99 |
1,12 |
|
Inventory
conversion ratio |
11,33 |
9,38 |
11,47 |
11,61 |
12,02 |
|
|
|||||
|
Turnover |
877.421.000 |
900.690.000 |
942.045.000 |
919.286.000 |
768.020.000 |
|
Gross
margin |
41.003.000 |
73.228.000 |
96.154.000 |
|
87.884.000 |
|
Operating
result |
-107.021.000 |
-15.998.000 |
33.321.000 |
22.094.000 |
7.703.000 |
|
Net
result after taxes |
-39.419.000 |
272.626.000 |
23.952.000 |
29.815.000 |
-4.080.000 |
|
Momentive
Specialty Chemicals B.V. Page: 7
/ 14 |
10-10-2014 |
|
|
|
Applicant MIRA INFORM |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
|||||
|
Cashflow |
31.217.000 |
|
|
|
|
|
Gross profit |
|
|
|
919.286.000 |
|
|
EBIT |
-107.021.000 |
-15.998.000 |
33.321.000 |
22.094.000 |
7.703.000 |
|
EBITDA |
-36.385.000 |
|
|
|
|
Summary
The 2013 financial result structure is a postive working
captial of 331.429.000 euro, which is
in agreement with 37 % of the total assets of the company.
The working capital has increased with 396.62 % compared to
previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2012 and 2013 has mainly been caused
by an increase of the
current assets.
The current ratio of the company in 2013 was 2. A company
with a current ratio between 1.5
and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2013 of the company was 1.77. A company
with a Quick Ratio of more than
1 can currently pay back its current liabilities.
The 2012 financial result structure is a negative working
captial of -111.735.000 euro, which
is in agreement with -10 % of the total assets of the
company.
The working capital has diminished with -146.27 % compared
to previous year. The ratio,
with respect to the total assets of the company has however,
declined.
The deterioration between 2011 and 2012 has mainly been
caused by an increase of the
current liabilities.
The current ratio of the company in 2012 was 0.79. When the
current ratio is below 1.5, the
company may have problems meeting its short-term
obligations.
The quick ratio in 2012 of the company was 0.62. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities
Financial
statement
Last annual account 2013
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Momentive
Specialty Chemicals B.V.
Seattleweg 17building 4
3195ND Pernis Rotterdam
Netherlands
Registration number: 24294676
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Other tangible fixed assets |
|
|
|
64.455.000 |
|
|
Tangible fixed assets |
24.105.000 |
81.662.000 |
74.990.000 |
64.455.000 |
64.761.000 |
|
Other financial fixed assets |
|
|
|
397.776.000 |
|
|
Financial fixed assets |
202.278.000 |
622.943.000 |
585.829.000 |
397.776.000 |
620.937.000 |
|
Fixed assets |
226.383.000 |
704.605.000 |
660.819.000 |
462.231.000 |
685.698.000 |
|
|
|||||
|
Other stock |
|
|
|
79.150.000 |
|
|
Total stock |
77.427.000 |
95.999.000 |
82.160.000 |
79.150.000 |
63.909.000 |
|
Accounts receivable |
76.098.000 |
74.916.000 |
68.322.000 |
97.174.000 |
76.221.000 |
|
Other receivables |
508.239.000 |
258.859.000 |
336.295.000 |
343.349.000 |
328.823.000 |
|
Total receivables |
584.337.000 |
333.775.000 |
404.617.000 |
440.523.000 |
405.044.000 |
|
Liquid funds |
404.000 |
52.000 |
53.000 |
8.484.000 |
4.059.000 |
|
accruals |
|
|
|
343.349.000 |
|
|
Current assets |
662.168.000 |
429.826.000 |
486.830.000 |
528.157.000 |
473.012.000 |
|
Total assets |
404.000 |
52.000 |
53.000 |
8.484.000 |
4.059.000 |
|
Issued capital |
185.000 |
185.000 |
185.000 |
185.000 |
185.000 |
|
Share premium reserve |
166.502.000 |
166.502.000 |
166.502.000 |
166.502.000 |
166.502.000 |
|
Other reserves |
246.001.000 |
-57.597.000 |
-40.344.000 |
-53.830.000 |
-51.511.000 |
|
Non-distributable profit |
39.419.000 |
272.626.000 |
23.952.000 |
29.815.000 |
4.081.000 |
|
Total reserves |
491.341.000 |
381.531.000 |
150.110.000 |
142.487.000 |
123.153.000 |
|
Total equity |
373.269.000 |
381.716.000 |
150.295.000 |
142.672.000 |
111.097.000 |
|
|
|||||
|
Provisions |
3.660.000 |
30.994.000 |
7.221.000 |
3.872.000 |
768.000 |
|
Long term interest yielding debt |
180.883.000 |
180.160.000 |
744.793.000 |
|
891.985.000 |
|
Other long term liabilities |
|
|
|
605.452.000 |
|
|
Long term liabilities |
180.883.000 |
180.160.000 |
744.793.000 |
605.452.000 |
891.985.000 |
|
Accounts payable |
62.506.000 |
57.218.000 |
50.124.000 |
53.070.000 |
63.475.000 |
|
Other short term liabilities |
268.233.000 |
484.343.000 |
195.216.000 |
185.322.000 |
91.385.000 |
|
Short term liabilities |
330.739.000 |
541.561.000 |
245.340.000 |
238.392.000 |
154.860.000 |
|
Total short and long term liabilities |
515.282.000 |
752.715.000 |
997.354.000 |
843.844.000 |
1.047.613.000 |
|
Total liabilities |
888.551.000 |
1.134.431.000 |
1.147.649.000 |
990.388.000 |
1.158.710.000 |
Summary
The total assets of the company decreased with -21.67 %
between 2012 and 2013.
This downturn is mainly retrievable in the fixed asset
decrease of -67.87 %.
Assets reduction is explained by a Net Worth decrease of
-2.21 %, and an indebtedness
reduction of -31.54 %.
In 2013 the assets of the company were 25.48 % composed of
fixed assets and 74.52 % by
current assets. The assets are being financed by an equity
of 42.01 %, and total debt of
57.99 %.
The total assets of the company decreased with -1.15 %
between 2011 and 2012.
Despite the total assets decrease, non current assets grew
with 6.63 %.
The asset reduction is in contrast with the equity growth of
153.98 %. Due to this the total
debt decreased with -24.53 %.
In 2012 the assets of the company were 62.11 % composed of
fixed assets and 37.89 % by
current assets. The assets are being financed by an equity
of 33.65 %, and total debt of
66.35 %
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
877.421.000 |
900.690.000 |
942.045.000 |
919.286.000 |
768.020.000 |
|
Net turnover |
877.421.000 |
900.690.000 |
942.045.000 |
919.286.000 |
768.020.000 |
|
|
|||||
|
Gross margin |
41.003.000 |
73.228.000 |
96.154.000 |
|
87.884.000 |
|
|
|||||
|
Wages and salaries |
59.767.000 |
48.104.000 |
45.095.000 |
46.826.000 |
12.698.000 |
|
Amorization and depreciation |
70.636.000 |
|
|
|
|
|
Sales |
836.418.000 |
827.462.000 |
845.891.000 |
|
680.136.000 |
|
other operating costs |
17.621.000 |
41.122.000 |
17.738.000 |
41.955.000 |
67.483.000 |
|
Raw materials and consumables |
|
|
|
808.411.000 |
|
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Operating expenses |
984.442.000 |
916.688.000 |
908.724.000 |
897.192.000 |
760.317.000 |
|
Result in subsidiaries |
|
280.725.000 |
|
|
|
|
Operating result |
-107.021.000 |
-15.998.000 |
33.321.000 |
22.094.000 |
7.703.000 |
|
|
|||||
|
Financial income |
15.517.000 |
58.885.000 |
403.000 |
25.146.000 |
44.348.000 |
|
Financial expenses |
|
53.602.000 |
2.204.000 |
8.133.000 |
59.579.000 |
|
Financial result |
15.517.000 |
5.283.000 |
-1.801.000 |
17.013.000 |
-15.231.000 |
|
Result on ordinary operations before taxes |
-91.504.000 |
270.010.000 |
31.520.000 |
39.107.000 |
-7.528.000 |
|
|
|||||
|
Taxation on the result of ordinary activities |
-52.085.000 |
-2.616.000 |
7.568.000 |
9.292.000 |
-3.448.000 |
|
Result of ordinary activities after taxes |
-39.419.000 |
272.626.000 |
23.952.000 |
29.815.000 |
-4.080.000 |
|
|
|||||
|
Net result |
-39.419.000 |
272.626.000 |
23.952.000 |
29.815.000 |
-4.080.000 |
Summary
The turnover of the company decreased by -2.58 % between
2012 and 2013.
The gross profit of the company decreased by -44.01 %
between 2012 and 2013.
The operating result of the company declined with -568.96 %
between 2012 and 2013. This
evolution implies an decrease of the company's economic
profitability.
The result of these changes is a reduction of the company's
Economic Profitability of -143.28
% of the analysed period, being equal to 2012 % in the year
2013.
Despite the decline the assets turnover increased by 25.32 %
reaching 0.99.
The Net Result of the company increased by -114.46 % between
2012 and 2013.
The company's Financial Profitability has been negatively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability reduction
of -134.65 % of the analysed period, being -24.51 % in the
year 2013.
The company's financial profitability has been positively
affected by its financial structure.
The turnover of the company decreased by -4.39 % between
2011 and 2012.
The gross profit of the company decreased by -23.84 %
between 2011 and 2012.
The operating result of the company declined with -148.01 %
between 2011 and 2012. This
evolution implies an decrease of the company's economic
profitability.
The result of these changes is an increase of the company's
Economic Profitability of 765.45
% of the analysed period, being equal to 2011 % in the year
2012.
Despite the growth the assets turnover decreased, whose
index evolved with -3.66 % to a
level of 0.79.
The Net Result of the company decreased by 1038.22 % between
2011 and 2012.
The company's Financial Profitability has been negatively
affected by the financial activities in
comparison to the EBITs behaviour. The result of these
variations is a profitability reduction
of 237.34 % of the analysed period, being 70.74 % in the
year 2012.
The company's financial structure has slowed down its
financial profitability
Analysis
Branch (SBI) MANUFACTURE
OF CHEMICALS AND CHEMICAL PRODUCTS (20)
Region Groot
Rotterdam
In the Netherlands 1365 of the
companies are registered with the SBI code 20
In the region Groot Rotterdam 99
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 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
Filings 26-08-2014:
De jaarrekening over 2013 is gepubliceerd.
01-08-2013: De jaarrekening over
2012 is gepubliceerd.
28-09-2012: De jaarrekening over
2011 is gepubliceerd.
01-07-2011: De jaarrekening over
2010 is gepubliceerd.
04-08-2010: De jaarrekening over
2009 is gepubliceerd.
Functions 19-08-2014:
Per 14-08-2014 is commissaris George Ferry Knight III in functie getreden.
19-08-2014: Per 14-08-2014 is
commissaris Joseph Patrick Bevilaqua in functie getreden.
19-08-2014: Per 14-08-2014 is
commissaris Julia Diane Harp in functie getreden.
19-08-2014: Per 14-08-2014 is
bestuurder Paul Richard van Heel in functie getreden.
19-08-2014: Per 14-08-2014 is
bestuurder Ann Maria José Frederix in functie getreden.
19-08-2014: Per 14-08-2014 is
bestuurder George Ferry Knight III uit functie getreden.
19-08-2014: Per 14-08-2014 is
bestuurder Julia Diane Harp uit functie getreden.
14-08-2014: Per 05-08-2014 is
gevolmachtigde Jan van Beek in functie getreden.
22-07-2014: Per 17-07-2014 is
gevolmachtigde Wouter Willem Jongepier in functie getreden.
20-05-2014: Per 07-05-2014 is
gevolmachtigde Cédric Donald Millet in functie getreden.
15-04-2014: Per 24-03-2014 is
gevolmachtigde Gabriele Ernestino Badini in functie getreden.
24-12-2013: Per 01-11-2013 is
gevolmachtigde Laurence Norman Black uit functie getreden.
05-12-2013: Per 01-12-2013 is
bestuurder Jorrit Klaus uit functie getreden.
14-08-2013: Per 01-07-2013 is
gevolmachtigde Peter Chedd in functie getreden.
06-08-2013: Per 24-06-2013 is
gevolmachtigde Erik Egbert Meijer in functie getreden.
26-03-2013: Per 21-03-2013 is
gevolmachtigde Thomas Joseph Sullivan in functie getreden.
26-02-2013: Per 31-01-2013 is
gevolmachtigde Jean Andre Alfred Riviere in functie getreden.
15-02-2013: Per 01-02-2013 is
gevolmachtigde Heinz-Gunter Reichwein uit functie getreden.
17-12-2012: Per 22-11-2012 is
gevolmachtigde Arno Korsmeier-Tap uit functie getreden.
17-12-2012: Per 22-11-2012 is
gevolmachtigde Arie Korteweg uit functie getreden.
17-12-2012: Per 22-11-2012 is
gevolmachtigde Gerardus Boerlage uit functie getreden.
28-11-2012: Per 20-07-2012 is
gevolmachtigde Ralf Maecker in functie getreden.
27-11-2012: Per 31-08-2012 is
gevolmachtigde Andreas Peter Theissing in functie getreden.
27-11-2012: Per 01-04-2011 is
gevolmachtigde Nigel James Seymour uit functie getreden.
27-11-2012: Per 23-04-2009 is
gevolmachtigde Wilhelmus Theodorus Josephus Maria
Peeters uit functie getreden.
26-11-2012: Per 09-12-2011 is
gevolmachtigde Robert Anton Peters in functie getreden.
26-11-2012: Per 30-08-2012 is
gevolmachtigde Monique Pierrette Jacqueline Marie
Schoenmakers-Missir uit functie
getreden.
26-11-2012: Per 01-11-2012 is
gevolmachtigde Alfredo Everhardus Filippo Carbone uit
functie getreden.
26-11-2012: Per 01-07-2011 is
gevolmachtigde Silvana Carina Rosas Mendoza uit functie
getreden.
21-11-2012: Per 16-11-2012 is gevolmachtigde
Antonius Leonardus Giovanni van Buchem in
functie getreden.
25-10-2012: Per 10-03-2010 is
gevolmachtigde Jeroen Michiel Kwakernaak uit functie
getreden.
22-08-2012: Per 01-08-2012 is
bestuurder George Ferry Knight III in functie getreden.
22-08-2012: Per 01-08-2012 is
bestuurder Nigel James Seymour in functie getreden.
22-08-2012: Per 01-08-2012 is
bestuurder Mark David Bidstrup uit functie getreden.
06-04-2012: Per 02-04-2012 is
gevolmachtigde Wilhelmus Johannes Marcelus Maria
Engelen
in functie getreden.
06-04-2012: Per 01-03-2012 is
gevolmachtigde Heinz-Gunter Reichwein in functie getreden.
03-04-2012: Per 01-03-2012 is
gevolmachtigde Pascal van der Meer uit functie getreden.
03-04-2012: Per 01-03-2012 is
gevolmachtigde Bogumila Anna Scova Righini uit functie
getreden.
03-04-2012: Per 01-03-2012 is
gevolmachtigde Dirk Adrianus Worseling uit functie getreden.
02-02-2012: Per 01-02-2012 is
bestuurder Jorrit Klaus in functie getreden.
02-02-2012: Per 01-02-2012 is
bestuurder Joseph Patrick Bevilaqua uit functie getreden.
02-02-2012: Per 01-02-2012 is
gevolmachtigde Jorrit Klaus uit functie getreden.
02-02-2012: Per 30-01-2012 is
gevolmachtigde Jeroen Bernardus Wilhelmus Triesscheijn uit
functie getreden.
01-09-2011: Per 04-07-2011 is
gevolmachtigde Marianne van der Veer-Brakkee in functie
getreden.
30-08-2011: Per 01-08-2011 is
gevolmachtigde Jeremias Herman van der Linden in functie
getreden.
24-06-2011: Per 20-06-2011 is
gevolmachtigde Olga Aleksandrovna Kudeykina in functie
getreden.
Mergers 15-11-2011:
Splitsingsvoorstel: Op 30-06-2011 voorstel tot afsplitsing gedeponeerd.
Splitsende rechtspersoon:
Momentive Specialty Chemicals B.V., 24294676 Verkrijgende
rechtspersoon: nieuw op te
richten Besloten Vennootschap: Monomers Dispersions and
Powders B.V. Op 15-11-2011 is
het splitsingsvoorstel ingetrokken..
30-06-2011: Splitsingsvoorstel:
Op 30-06-2011 voorstel tot afsplitsing gedeponeerd.
Splitsende rechtspersoon:
Momentive Specialty Chemicals B.V., 24294676 Verkrijgende
rechtspersoon: nieuw op te
richten Besloten Vennootschap: Monomers Dispersions and
Powders B.V..
Amendments 19-08-2014:
Per 14-8-2014 statuten gewijzigd. Rechtsvorm gewijzigd van Besloten
vennootschap met gewone
structuur in Besloten vennootschap blijkens statuten
structuurvennootschap.
08-11-2010: Per 8-11-2010
statuten gewijzigd. Per 8-11-2010 naam gewijzigd in: Momentive
Specialty Chemicals B.V..
Company
structure
Relations 15
Hexion Specialty Chemicals Inc
United States
• Momentive Specialty Chemicals Holding B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 271820960000
• Momentive Specialty Chemicals B.V.
Seattleweg 17building 4
3195ND Pernis Rotterdam
Netherlands
Registration number: 24294676
• Momentive Specialty Chemicals Europe B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 243639540000
• Momentive Specialty Chemicals Finance B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 244266890000
• Hexion Specialty Chemicals Netherlands II B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 244450570000
• Hexion Specialty Chemicals Netherlands III B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 244450590000
• Hexion Specialty Chemicals Netherlands IV B.V.
Seattleweg 17building 4
3195ND PERNIS ROTTERDAM
Netherlands
Registration number: 244450600000
• Stichting Epoxy Resins REACH Consortium
Schiekade 830
3032AL ROTTERDAM
Netherlands
Registration number: 244689420000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
UK Pound |
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.