MIRA INFORM REPORT

Report Date :

02.09.2014

IDENTIFICATION DETAILS

Name :	CABOT NORIT NEDERLAND B.V.

Registered Office :	Astronaut 34, 3824MJ Amersfoort

Country :	Netherlands

Financials (as on) :	31.12.2012

Date of Incorporation :	04.08.1921

Com. Reg. No.:	31020246

Legal Form :	Private Company

Line of Business :	· Manufacture of other inorganic basic chemicals · Manufacture of other chemical products

No of Employees :	338

RATING & COMMENTS

MIRA’s Rating :

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

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 CABOT NORIT NEDERLAND B.V.

Operative address Astronaut 34

3824MJ Amersfoort

Netherlands

Legal form Private Company

Registration number KvK-nummer: 31020246

VAT-number 001472057

Year	2012	Mutation	Mutation
Fixed assets	43.695.904
Total receivables	23.542.020

Total equity	61.005.725
Short term liabilities	62.016.526

Net result	3.142.687

Working capital	20.094.056
Quick ratio	0,60

Contact information

Company name Cabot Norit Nederland B.V.

Trade names Cabot Norit Nederland B.V.

Operative address Astronaut 34

3824MJ Amersfoort

Netherlands

Correspondence address Postbus 105

3800AC Amersfoort

Netherlands

Telephone number 0334648911

Fax number 0334617429

Email address info@norit.com

Website www.norit.com

Registration

Registration number KvK-nummer: 31020246

Branch number 000018926983

VAT-number 001472057

Status Active

Memorandum 1972-09-25

Establishment date 1921-08-04

Legal form Private Company

Legal person since 1972-09-25

Last proposed

admendment 2013-09-30

Activities

SBI Manufacture of other inorganic basic chemicals (2013)

Manufacture of other chemical products n.e.c. (2059)

Manufacture of other chemical products n.e.c. (205903)

Financial holding (6420)

Exporter No

Importer No

Goal Verkoop van actieve kool en daarbij behorende diensten en systemen, het stellen van zekerheden, het strekken van garanties, het verbinden van de vennootschap en het bezwaren van activa van de vennootschap ten behoeve van ondernemingen en vennootschappen waarmee de vennootschap in een groep is verbonden en ten behoeve van derden

Relations

Shareholders Norit EAPA Holding B.V.

Nijverheidsweg-Noord 72

3812PM AMERSFOORT

Netherlands

Registration number: 310486550000

Percentage: 100%

Branches Cabot Norit Nederland B.V.

Mr. Ovingkanaal OZ 3

7891EV KLAZIENAVEEN

Netherlands

Registration number: 310202460001

Cabot Norit Nederland B.V.

Pieter Ghijsenlaan 42

1506PW ZAANDAM

Netherlands

Registration number: 310202460002

Companies on same address The Phone House BV

Registration number: 090476750000

Liability statements Norit N.V.

Nijverheidsweg-Noord 72

3812PM Amersfoort

Netherlands

Registration number: 342740110000

date of issue: 2013-03-04

Starting date: 2011-01-01

End date: 2013-09-19

Bank details

Accounts ABN Amro Bank NV

Account number: 41.15.92.254

ING Bank NV

Account number: 82697

Management

Active Management

J.J. van Empelen (Jasper Joost)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2009-12-31

Date of birth: 1971-02-21, Amersfoort, NL

B.P. Genemans (Bartholomeus Petrus)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2009-12-31

Date of birth: 1957-08-28, 's-Gravenhage, NL

M.D. Maloney (Marc David)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-04-14

Date of birth: 1972-12-24, New York, US

H.J. van Garder (Hendrika Josephine)

Netherlands