MIRA INFORM REPORT

 

 

Report No. :

357410

Report Date :

30.12.2015

 

IDENTIFICATION DETAILS

 

Name :

STAHL EUROPE B.V.

 

 

Registered Office :

Sluisweg 10 5145PE Waalwijk

 

 

Country :

Netherlands

 

 

Date of Incorporation :

18.04.1955

 

 

Com. Reg. No.:

KvK-nummer: 18107581

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of dyes and pigments.
  • Manufacture of plastics in primary forms.

 

 

No. of Employee :

203

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – 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                        Stahl Europe B.V.

Operative address                    Sluisweg 10

5145PE Waalwijk

Netherlands

 

 

Legal form                               Private Limited Company

Registration number                KvK-nummer: 18107581

VAT-number                             001188288

 

 

Contact information

 

Company name                        Stahl Europe B.V.

Trade names                            Stahl Europe B.V.

Operative address                    Sluisweg 10

5145PE Waalwijk

Netherlands

Correspondence address         Postbus 31

5140AA Waalwijk

Netherlands

Telephone number                   0416689111

Fax number                              0416344441

Email address                          stahl.europe@stahl.com

Website                                    www.stahl.com

 

 

Registration

 

Registration number                KvK-nummer: 18107581

Registered in                            Kamer van Koophandel Brabant

Branch number                        000019218419

VAT-number                             001188288

 

Status                                      Active

First registration company

register                                    1955-08-17

Memorandum                           1955-04-18

Establishment date                  1955-04-18

 

Legal form                               Private Limited Company

Legal person since                   1973-03-13

Last proposed admendment     2004-11-30

 

Issued placed capital               EUR 49.940

Paid up share capital               EUR 49.940

 

 

Activities

 

SBI                               2012: Manufacture of dyes and pigments

2016: Manufacture of plastics in primary forms

 

Exporter                       Yes

Importer                       Yes

 

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

 

Relations

 

 

Shareholders               Stahl Netherlands B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number: 18065840

Percentage: 100%

Shareholders               Global ultimate owner:

WENDEL

89, RUE TAITBOUT

75009 PARIS

France

Siret: FR572174035

 

Companies on same

address (number)         12

Liability statements      Foreign entity

date of issue: 2011-04-22

Starting date: 2011-03-02

 

 

Bank details

 

Accounts                      ABN Amro Bank NV

Account number:         NL91DEUT0524639450

BIC: ABNANL2A

 

 

Management

 

Active management                  Stahl Holdings B.V.

Sluisweg 10

5145PE WAALWIJK

Netherlands

Registration number: 34249320

Competence: Fully authorized

Function: Manager

Starting date: 2006-07-25

G. Borgart Guido

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2008-03-06

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

E. Tessore Enrico

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-08-01

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

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

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-08-01

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

C.J.M. Daamen Christiaan Johannes Maria

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-06-13

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

B.J. Meijer Ben Johan

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-11-23

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

M. Houtzager Maarten

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-08-01

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

 

Employees

 

Year                             2015     2012     2011     2008    2007

 

Total                             203       203       203       203       203

 

 

 

Financial statement

 

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

 

 

Analysis

 

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

Region                         Midden-Brabant

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

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

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

In the region Midden-Brabant 1 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Midden-Brabant is normal

 

 

Publications

 

Consent statements      18-03-2015: Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd.

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

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

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

Functions                     03-11-2015: Per 01-11-2015 is gevolmachtigde Thomas Antonius Petrus Marie Maes uit

functie getreden.

19-10-2015: Per 01-10-2015 is gevolmachtigde Laurens Antonius Maria ter Huurne uit functie getreden.

17-07-2015: Per 01-07-2015 is gevolmachtigde Ferdinand Willem Akkermans uit functie

getreden.

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

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

functie getreden.

 

 

Company structure

 

Relations                                  11

 

Company                                                                                                         Registration number

 

Stahl Group S.A. (L-1142 Luxembourg)

| - - Winvest Part B.V. (AMSTERDAM)                                                                           34374023

| - - | - - Stahl Holdings B.V. (WAALWIJK)                                                                      34249320

| - - | - - | - - Stahl Netherlands B.V. (WAALWIJK)                                                            18065840

| - - | - - | - - | - - Stahl International Specialties Development B.V. (WAALWIJK) 17215284

| - - | - - | - - | - - Stahl International Compounding B.V. (WAALWIJK)                              61063819

| - - | - - | - - | - - Stahl International Polymer Development B.V. (WAALWIJK)                  61063789

| - - | - - | - - | - - Stahl Europe Application PC B.V. (WAALWIJK)                                     61063703

| - - | - - | - - | - - Stahl Treasury B.V. (WAALWIJK)                                                           18065841

| - - | - - | - - | - - Stahl International B.V. (WAALWIJK)                                                     18132671

| - - | - - | - - | - - Stahl Europe B.V. (Waalwijk)                                                                  18107581

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.37

UK Pound

1

Rs.98.91

Euro

1

Rs.72.85

 

1

Rs.

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.