MIRA INFORM REPORT

 

 

Report No. :

337467

Report Date :

21.08.2015

 

IDENTIFICATION DETAILS

 

Name :

HEXION 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 :

Private company

 

 

Line of Business :

  • Manufacture of plastics in primary forms.
  • Agents involved in the sale of fuels.

 

 

No. of Employee :

150

 

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on 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 food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.

 

Source : CIA

 

 

Summary

 

 Company name                       HEXION B.V.

Operative address                    Seattleweg 17building 4

3195ND Pernis Rotterdam

Netherlands

 

Legal form                               Private Company

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

153,98

150.295.000

Short term liabilities

330.739.000

-38,93

541.561.000

120,74

245.340.000

Net result

-39.419.000

-114,46

272.626.000

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

185,48

0,62

-62,42

1,65

 

 

 

 

Contact information

 

Company name                        Hexion B.V.

 

Trade names                            Hexion

Momentive Specialty Chemicals

Hexion B.V.

 

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                               Private Company

Last proposed admendment     2015-01-15

 

Issued placed capital               EUR 185.000

Paid up share capital               EUR 185.000

 

 

Activities

 

SBI                                           2016: Manufacture of plastics in primary forms

4612: Agents involved in the sale of fuels

 

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                           Hexion Holding B.V.

Seattleweg 17BUILDING4

3195ND PERNIS ROTTERDAM

Netherlands

Registration number: 271820960000

Percentage: 100%

 

Branches                                  Hexion B.V.

Vondelingenweg 601

3196KK VONDELINGENPLAAT RT

Netherlands

Registration number: 242946760001

Hexion Specialty Chemicals B.V.

Seattleweg 17building 4

3195ND PERNIS ROTTERDAM

Netherlands

Registration number: 242946760002

Hexion B.V.

Chemieweg 25

4782SJ MOERDIJK

Netherlands

Registration number: 242946760003

 

 

Management

 

Active 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

Involved with the following companies:

Resolution Research Nederland B.V.

Vondelingenweg 601

3196KK VONDELINGENPLAAT RT

Netherlands

Registration number: 271827820000

Function: Manager

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

Involved with the following companies:

Resolution Research Nederland B.V.

Vondelingenweg 601

3196KK VONDELINGENPLAAT RT

Netherlands

Registration number: 271827820000

Function: Manager

J.D. Harp Julia Diane

Netherlands

Function: Commissaris

Starting date: 2014-08-14

Date of birth: 1952-05-01, Louisville, NL

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

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

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

Involved with the following companies:

Resolution Research Nederland B.V.

Vondelingenweg 601

3196KK VONDELINGENPLAAT RT

Netherlands

Registration number: 271827820000

Function: Proxy

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

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

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

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

2015

2014

2013

2012

2011

Total

150

150

507

150

150

 

 

 

 

Payments

 

Description                  Slow but correct

 

 

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

 

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

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 shortterm 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                        Hexion B.V.

Seattleweg 17building 4

3195ND Pernis Rotterdam

Netherlands

Registration number: 242946760000

 

 

Balance sheet

 

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

888.551.000

1.134.431.000

1.147.649.000

990.388.000

1.158.710.000

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

 

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

 

 

Year

2013

2012

2011

2010

2009

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 (SBI code 20)

 

Region                         Groot Rotterdam

 

Summary                     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

 

Deposits                       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.

 

Functions                     02-04-2015: Per 16-03-2015 is gevolmachtigde Delphine Valérie van den

Homberg uit functie getreden.

23-02-2015: Per 01-02-2015 is gevolmachtigde Peter Chedd uit functie

getreden.

12-02-2015: Per 01-06-2013 is gevolmachtigde Wiechertje Hendrica

Vrielink uit functie getreden.

12-02-2015: Per 01-01-2014 is gevolmachtigde Alexandra Visser-van

Haften uit functie getreden.

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.

 

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..

 

Amendments                16-01-2015: Per 15-1-2015 statuten gewijzigd. Per 15-1-2015 naam

gewijzigd in: Hexion B.V..

19-08-2014: Per 14-8-2014 statuten gewijzigd. Rechtsvorm gewijzigd

van Besloten vennootschap met gewone structuur in Besloten

vennootschap blijkens statuten structuurvennootschap.

 

Other                            29-05-2015: ... Datum deponering: 26-05-2015 Boekjaar: 2014 Soort

deponering: Geconsolideerde jaarrekening (art. 408 BW2).

 

 

Company structure

 

Relations                                  7

 

Company                                                                                                                     Registration number

 

Hexion Int. Hold. Coöperat. UA (PERNIS ROTTERDAM)                                                500142930000

| - - Hexion Holding B.V. (PERNIS ROTTERDAM)                                                           271820960000

| - - | - - Resolution Research Nederland B.V. (VONDELINGENPLAAT RT)                       271827820000

| - - | - - Hexion Europe B.V. (PERNIS ROTTERDAM)                                                      243639540000

| - - | - - | - - Resolution Specialty Materials Rotterdam B.V. (PERNIS ROTTERDAM)       271839610000

| - - | - - Hexion B.V. (Pernis Rotterdam)                                                              242946760000

| - - | - - | - - Momentive Specialty Chemicals Finance B.V. (PERNIS ROTTERDAM)        244266890000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.23

UK Pound

1

Rs.102.21

Euro

1

Rs.72.57

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 


 

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.