|
Report No. : |
327746 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
JEWOMETAAL STAINLESS PROCESSING B.V. |
|
|
|
|
Registered Office : |
Quebecstraat 7, 3197KL Botlek Rotterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
30.06.1976 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 24128177 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
71 |
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 – 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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 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 |
Company
name Jewometaal
Stainless Processing B.V.
Operative
address Quebecstraat
7
3197KL Botlek Rotterdam
Netherlands
Legal
form Besloten
Vennootschap
Registration
number KvK-nummer:
24128177
VAT-number 003788830
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
12.057.000 |
-0,89 |
12.165.000 |
24,39 |
9.780.000 |
|
Total receivables |
5.164.000 |
-5,07 |
5.440.000 |
111,59 |
2.571.000 |
|
Total equity |
14.240.000 |
1,52 |
14.027.000 |
-19,61 |
17.449.000 |
|
Short term liabilities |
43.532.000 |
-3,94 |
45.316.000 |
-58,08 |
108.101.000 |
|
Net result |
3.714.000 |
-8,93 |
4.078.000 |
-41,05 |
6.918.000 |
|
Working capital |
13.875.000 |
9,14 |
12.713.000 |
45,29 |
8.750.000 |
|
Quick ratio |
0,12 |
|
0,12 |
500,00 |
0,02 |
Company name Jewometaal
Stainless Processing B.V.
Trade names Jewometaal
Stainless Processing B.V.
Operative address Quebecstraat 7
3197KL Botlek
Rotterdam
Netherlands
Correspondence address Postbus 1264
3180AG Rozenburg
Zh
Netherlands
Telephone number 0181242424
Fax number 0181242425
Email address info@jewometaal.com
Website www.jewometaal.com
Registration number KvK-nummer:
24128177
Branch number 000017062438
VAT-number 003788830
Status Active
First registration company register 1976-07-22
Memorandum 1976-06-30
Establishment date 1976-06-30
Legal form Besloten
Vennootschap
Last proposed admendment 1997-09-15
Issued placed capital EUR 226.890
Paid up share capital EUR 226.890
SBI Wholesale of
ferrous metals and ferrous semi-finished products (46722)
Wholesale of iron
and steel scrap and used nonferrous metals (46772)
Exporter Yes
Importer Yes
Goal Groothandel, daaronder
begrepen im- en export in metalen, ertsen, legeringen en Metaalafval
Shareholders Naam: ELG Haniel
GmbH
Bezoekadres:
Kremerskamp 16, 47138 Duisburg, Duitsland
Ingeschreven in: Handelsregister Duisburg,
Bondsrepubliek Duitsland onder nummer HRB5910
Enig aandeelhouder
sedert: 13-11-1996
Active management H.
Aulich (Hendrikus)
Netherlands
Competence:
Jointly authorized
Function: Manager
Starting date:
2007-08-01
Date of birth:
1966-05-20, Straatsburg, FR
K.H. Wierscholowski
(Kurt Horst)
Netherlands
Competence:
Jointly authorized
Function: Manager
Starting date: 2015-01-01
Date of birth:
1963-09-25, Bottrop, DE
M. Kröger
(Michael)
Netherlands
Competence:
Jointly authorized
Function: Manager
Starting date:
2015-01-01
Date of birth:
1960-09-01, Duisburg, DE
T.A. Frick (Tobias
Alexander)
Netherlands
Competence:
Jointly authorized
Function: Manager
Starting date:
2015-01-01
Date of birth:
1977-02-05, Bad Kissingen, DE
D. Drafz (Detlef)
Netherlands
Function: Commissaris
Starting date:
2013-01-01
Date of birth:
1962-06-27, Ebstdorf, DE
S. Landwehrmann
(Silke)
Netherlands
Function:
Commissaris
Starting date:
2013-01-01
Date of birth:
1971-06-17, Keulen, DE
E. Oosterom (Eric)
Netherlands
Competence: Limited
authorization
Function: Proxy
Starting date:
2012-03-01
Date of birth:
1970-07-05, Rotterdam, NL
|
Year |
2015 |
2014 |
2012 |
2011 |
2010 |
|
Total |
71 |
71 |
71 |
71 |
75 |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,12 |
0,12 |
0,02 |
0,52 |
0,29 |
|
Current ratio |
1,32 |
1,28 |
1,08 |
1,14 |
1,32 |
|
Working capital/ balance total |
0,20 |
0,18 |
0,07 |
0,11 |
0,20 |
|
Equity / balance total |
0,20 |
0,20 |
0,14 |
0,22 |
0,37 |
|
Equity / Fixed assets |
1,18 |
1,15 |
1,78 |
1,77 |
1,98 |
|
Equity / liabilities |
0,26 |
0,25 |
0,16 |
0,28 |
0,58 |
|
Balance total / liabilities |
1,26 |
1,25 |
1,16 |
1,28 |
1,58 |
|
Working capital |
13.875.000 |
12.713.000 |
8.750.000 |
8.869.000 |
11.029.000 |
|
Equity |
14.240.000 |
14.027.000 |
17.449.000 |
18.031.000 |
20.211.000 |
|
Mutation equity |
1,52 |
-19,61 |
-3,23 |
-10,79 |
-15,90 |
|
Mutation short term liabilities |
-3,94 |
-58,08 |
68,81 |
88,59 |
-28,36 |
|
Return on total assets (ROA) |
6,85 |
7,74 |
7,33 |
8,50 |
27,17 |
|
Return on equity (ROE) |
33,39 |
38,72 |
53,18 |
39,17 |
74,18 |
|
Gross profit margin |
1,19 |
1,17 |
1,76 |
2,13 |
2,87 |
|
Net profit margin |
0,61 |
0,56 |
1,04 |
1,41 |
1,89 |
|
Average collection ratio |
13,92 |
16,05 |
6,15 |
5,90 |
17,43 |
|
Average payment ratio |
117,35 |
133,72 |
258,53 |
11,41 |
60,15 |
|
Equity turnover ratio |
42,55 |
51,86 |
38,09 |
20,95 |
29,28 |
|
Total assets turnover ratio |
8,72 |
10,36 |
5,25 |
4,55 |
10,73 |
|
Fixed assets turnover ratio |
50,26 |
59,80 |
67,96 |
37,02 |
58,11 |
|
Inventory conversion ratio |
11,60 |
13,83 |
5,82 |
9,50 |
16,84 |
|
Turnover |
605.974.000 |
727.412.000 |
664.682.000 |
377.789.000 |
591.828.000 |
|
Operating result |
7.204.000 |
8.524.000 |
11.669.000 |
8.053.000 |
16.974.000 |
|
Net result after taxes |
3.714.000 |
4.078.000 |
6.918.000 |
5.320.000 |
11.178.000 |
|
|
|
|
|
|
|
|
Gross profit |
605.974 |
727.412.000 |
|
|
|
|
EBIT |
7.204.000 |
8.524.000 |
11.669.000 |
8.053.000 |
16.974.000 |
|
Summary |
The 2012
financial result structure is a postive working captial of 13.875.000 euro,
which is in agreement with 20 % of the total assets of the company. The working capital
has increased with 9.14 % compared to previous year. The ratio, with respect
to the total assets of the company has however, increased. The improvement
between 2011 and 2012 has mainly been caused by an increase of the current
assets. The current ratio
of the company in 2012 was 1.32. 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 0.12. A company with a Quick Ratio of less than 1 cannot
currently pay back its current liabilities. The 2011
financial result structure is a postive working captial of 12.713.000 euro,
which is in agreement with 18 % of the total assets of the company. The working capital
has increased with 45.29 % 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 1.28. 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 0.12. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities. |
Last annual account 2012
Remark annual
account Although the
statutory period has expired, the company's annual reports are not yet
published.
Type of annual account Corporate
Annual account Jewometaal
Stainless Processing B.V.
Quebecstraat 7
3197KL Botlek
Rotterdam
Netherlands
Registration
number: 241281770000
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Tangible
fixed assets |
12.057.000 |
12.040.000 |
9.655.000 |
10.079.000 |
10.060.000 |
|
Financial
fixed assets |
|
125.000 |
125.000 |
125.000 |
125.000 |
|
Fixed
assets |
12.057.000 |
12.165.000 |
9.780.000 |
10.204.000 |
10.185.000 |
|
Total
stock |
52.235.000 |
52.579.000 |
114.275.000 |
39.778.000 |
35.138.000 |
|
Accounts receivable |
1.799.000 |
1.017.000 |
|
28.928.000 |
2.306.000 |
|
Other receivables |
3.365.000 |
4.423.000 |
|
4.193.000 |
7.533.000 |
|
Total receivables |
5.164.000 |
5.440.000 |
2.571.000 |
33.121.000 |
9.839.000 |
|
Liquid funds |
8.000 |
10.000 |
5.000 |
7.000 |
8.000 |
|
Current
assets |
57.407.000 |
58.029.000 |
116.851.000 |
72.906.000 |
44.985.000 |
|
Total
assets |
69.464.000 |
70.194.000 |
126.631.000 |
83.110.000 |
55.170.000 |
|
Issued
capital |
227.000 |
227.000 |
227.000 |
227.000 |
227.000 |
|
Other reserves |
10.300.000 |
9.722.000 |
10.304.000 |
12.484.000 |
8.806.000 |
|
Non-distributable profit |
3.713.000 |
4.078.000 |
6.918.000 |
5.320.000 |
11.178.000 |
|
Total
reserves |
14.013.000 |
13.800.000 |
17.222.000 |
17.804.000 |
19.984.000 |
|
Total
equity |
14.240.000 |
14.027.000 |
17.449.000 |
18.031.000 |
20.211.000 |
|
Provisions |
1.710.000 |
2.127.000 |
1.081.000 |
1.042.000 |
1.003.000 |
|
Long term interest yielding debt |
9.982.000 |
8.724.000 |
|
|
|
|
Long
term liabilities |
9.982.000 |
8.724.000 |
|
|
|
|
Accounts payable |
5.109.000 |
9.302.000 |
|
3.391.000 |
2.540.000 |
|
Other short term liabilities |
38.423.000 |
36.014.000 |
|
60.646.000 |
31.416.000 |
|
Short
term liabilities |
43.532.000 |
45.316.000 |
108.101.000 |
64.037.000 |
33.956.000 |
|
Total
short and long term liabilities |
55.224.000 |
56.167.000 |
109.182.000 |
65.079.000 |
34.959.000 |
|
Total
liabilities |
69.464.000 |
70.194.000 |
126.631.000 |
83.110.000 |
55.170.000 |
|
Summary |
The total assets
of the company decreased with -1.04 % between 2011 and 2012. The total assets
are entirely composed of current assets. The asset reduction
is in contrast with the equity growth of 1.52 %. Due to this the total debt
decreased with -1.68 %. In 2012 the
assets of the company were 17.36 % composed of fixed assets and 82.64 % by
current assets. The assets are being financed by an equity of 20.5 %, and
total debt of 79.5%. The total assets
of the company decreased with -44.57 % between 2010 and 2011. Despite the
total assets decrease, non current assets grew with 24.39 %. Assets reduction
is explained by a Net Worth decrease of -19.61 %, and an indebtedness
reduction of -48.56 %. In 2011 the
assets of the company were 17.33 % composed of fixed assets and 82.67% by
current assets. The assets are being financed by an equity of 19.98 %, and
total debt of 80.02 %. |
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
606.292.000 |
729.255.000 |
664.682.000 |
377.789.000 |
591.828.000 |
|
Other operating income |
|
1.843.000 |
|
|
|
|
Net
turnover |
606.292.000 |
727.412.000 |
664.682.000 |
377.789.000 |
591.828.000 |
|
Gross
margin |
606.292.000 |
|
|
|
|
|
Operating expenses |
599.088.000 |
720.731.000 |
653.013.000 |
369.736.000 |
574.854.000 |
|
Operating
result |
7.204.000 |
8.524.000 |
11.669.000 |
8.053.000 |
16.974.000 |
|
Financial income |
736.000 |
52.000 |
15.000 |
95.000 |
439.000 |
|
Financial expenses |
3.185.000 |
3.145.000 |
2.405.000 |
1.085.000 |
2.421.000 |
|
Financial result |
-2.449.000 |
-3.093.000 |
-2.390.000 |
-990.000 |
-1.982.000 |
|
Result
on ordinary operations before taxes |
4.755.000 |
5.431.000 |
9.279.000 |
7.063.000 |
14.992.000 |
|
Taxation on the result of ordinary activities |
1.041.000 |
1.353.000 |
2.361.000 |
1.743.000 |
3.814.000 |
|
Result
of ordinary activities after taxes |
3.714.000 |
4.078.000 |
6.918.000 |
5.320.000 |
11.178.000 |
|
Net
result |
3.714.000 |
4.078.000 |
6.918.000 |
5.320.000 |
11.178.000 |
|
Attributable to shareholders |
3.714.000 |
|
|
|
|
|
Summary |
The turnover of the company decreased by -16.69 % between 2011 and 2012. The operating result of the company declined with -15.49 % between 2011 and 2012. 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 -11.5% of the analysed period, being equal to 2011 % in the year 2012. This fall has contributed to a asset turnover decrease, whose index evolved from -15.83 to a level of 8.72. The Net Result of the company increased by -8.93 % 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 -13.77 % of the analysed period, being 33.39 % in the year 2012. The company's financial profitability has been positively affected by its financial structure. The turnover of the company grew with 9.44 % between 2010 and 2011. The operating result of the company declined with -26.95 % between 2010 and 2011. 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 5.59% of the analysed period, being equal to 2010 % in the year 2011. This growth has contributed to the increase in assets turnover, increasing by 97.33 % reaching 10.36. The Net Result of the company increased by -41.05 % between 2010 and 2011. The company's Financial Profitability has been positively affected by the financial activities in comparison to the EBITs behavior. The result of these variations is a profitability increase of -27.19 % of the analysed period, being 38.72 % in the year 2011. The company's financial profitability has been positively
affected by its financial structure. |
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Groot Rotterdam
In the Netherlands
109662 of the companies are registered with the SBI code 46
In the region
Groot Rotterdam 8969 of the companies are registered with the SBI code 46
In the Netherlands 2387 of the bankrupcties
are published within this sector
In the region
Groot Rotterdam 231 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
Filings 21-02-2013: De
jaarrekening over 2011 is gepubliceerd.
30-03-2012: De
jaarrekening over 2010 is gepubliceerd.
15-04-2011: De
jaarrekening over 2009 is gepubliceerd.
Functions 07-04-2015: Per
01-04-2015 is bestuurder Adriaan Roedolf uit functie getreden.
13-03-2015: Per
01-01-2015 is bestuurder Tobias Alexander Frick in functie getreden.
04-02-2015: Per
01-01-2015 is bestuurder Michael Kröger in functie getreden.
03-02-2015: Per
01-01-2015 is commissaris Norbert Ludger Johann Späker uit functie
getreden.
03-02-2015: Per
01-01-2015 is bestuurder Dirk Bijl uit functie getreden.
23-01-2015: Per
01-01-2015 is bestuurder Kurt Horst Wierscholowski in functie getreden.
02-07-2013: Per 01-05-2013 is bestuurder ELG
Haniel GmbH Duitsland uit functie getreden.
16-05-2013: Per
01-01-2013 is commissaris Silke Landwehrmann in functie getreden.
16-05-2013: Per
01-01-2013 is commissaris Detlef Drafz in functie getreden.
16-05-2013: Per 01-01-2013
is commissaris Martin von Gehren uit functie getreden.
07-03-2012: Per
01-03-2012 is gevolmachtigde Eric Oosterom in functie getreden.
Relations 2
ELG Haniel GmbH
Kremerskamp 16
47138 Duisburg
Germany
• Jewometaal Stainless Processing B.V.
Quebecstraat 7
3197KL Botlek Rotterdam
Netherlands
Registration number: 241281770000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.50 |
|
|
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 72.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.