MIRA INFORM REPORT
|
Report No. : |
346385 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CABOT NORIT NEDERLAND B.V. |
|
|
|
|
Registered Office : |
Astronaut 34, 3824MJ Amersfoort |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.08.1921 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 31020246 |
|
|
|
|
Legal Form : |
Besloten Vennootschap |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
338 |
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 |
|
Maximum Credit Limit : |
EUR 1.000.000 |
|
|
|
|
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 |
Company
Name
CABOT NORIT
NEDERLAND B.V.
Summary
|
Company name |
Cabot Norit Nederland B.V. |
|
Operative address |
Astronaut 34 |
|
|
3824MJ Amersfoort |
|
|
Netherlands |
|
Legal form |
Besloten Vennootschap |
|
Registration number |
KvK-nummer: 31020246 |
|
VAT-number |
001472057 |
|
Credit limit |
EUR 1.000.000 |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
|
Fixed assets |
41.534.987 |
-4,95 |
43.695.904 |
|
|
|
|
|
|
|
|
Total receivables |
13.737.853 |
-41,65 |
23.542.020 |
|
|
|
|
|
|
|
|
Total equity |
58.142.517 |
-5,59 |
61.586.570 |
|
|
|
|
|
|
|
|
Short term liabilities |
20.799.239 |
-67,23 |
63.479.916 |
|
|
|
|
|
|
|
|
Net result |
-3.444.054 |
-323,08 |
1.543.882 |
|
|
|
|
|
|
|
|
Working capital |
76.140.257 |
308,68 |
18.630.666 |
|
|
|
|
|
|
|
|
Quick ratio |
2,40 |
313,79 |
0,58 |
0,00 |
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 |
|
First registration company register |
1972-09-25 |
|
Memorandum |
1972-09-25 |
|
Establishment date |
1921-08-04 |
|
Legal form |
Besloten Vennootschap |
|
Legal person since |
1972-09-25 |
|
Last proposed admendment |
2013-09-30 |
|
Issued placed capital |
EUR 2.269.000 |
|
Paid up share capital |
EUR 2.269.000 |
Activities
|
SBI |
2059: Manufacture of other chemical products. |
|
|
6420: Financial holding |
|
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. |
|
|
Astronaut 34 3824MJ AMERSFOORT Netherlands Registration number: 31048655 Percentage: 100% |
|
|
|
|
Branches |
Cabot Norit Nederland B.V. |
|
|
Mr. Ovingkanaal OZ 3 7891EV KLAZIENAVEEN Netherlands Registration number: 31020246 Cabot Norit Nederland B.V. Pieter Ghijsenlaan 42 1506PW ZAANDAM Netherlands Registration number: 31020246 |
|
|
|
|
Companies on same address |
Norit EAPA Holding B.V. Registration number: 31048655 Norit International N.V. Registration number: 31014453 Norit Real Estate B.V. Registration number: 31020247 Stichting Norit Pensioenfonds Registration number: 41188191 Norit Holding B.V. Registration number: 34274012 Cabot Activated Carbon B.V. Registration number: 55725368 |
|
|
|
|
Liability statements |
Norit N.V. |
|
|
Nijverheidsweg-Noord 72 3812PM Amersfoort Netherlands Registration number: 34274011 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: NL79ABNA0411592254 BIC: ABNANL2A ING Bank NV Account number: NL79INGB0000082697 BIC: INGBNL2A |
Management
Active management
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
Involved with the
following companies:
Norit Holding B.V.
Astronaut 34
3824MJ Amersfoort Netherlands
Registration number: 34274012 Function: Manager
Norit International N.V.
Astronaut 34
3824MJ Amersfoort Netherlands
Registration number: 31014453 Function: Manager
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
D. Eijgenraam Dirk
Netherlands
Competence: Fully authorized Function: Manager
Starting date: 2015-03-27
Date of birth: 1970-11-26, Ede, NL Involved with the following
companies:
Norit Holding B.V.
Astronaut 34
3824MJ Amersfoort Netherlands
Registration number: 34274012 Function: Manager
Norit International N.V.
Astronaut 34
3824MJ Amersfoort Netherlands
Registration number: 31014453 Function: Manager
J.W. de With Jan Willem
Netherlands
Competence: Limited authorization Function: Secretaris
Starting date: 1997-05-01
Date of birth: 1953-11-07, Apeldoorn, NL
Employees
|
Total according to the Chamber of Commerce |
338 |
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
338 |
338 |
315 |
309 |
78 |
Payments
Slow but correct
key
figures
|
Year |
2013 |
2012 |
|
Quick ratio |
2,40 |
0,58 |
|
Current ratio |
4,66 |
1,29 |
|
Working capital/ balance
total |
0,55 |
0,15 |
|
Equity / balance
total |
0,42 |
0,49 |
|
Equity / Fixed
assets |
1,40 |
1,41 |
|
Equity / liabilities |
0,72 |
0,96 |
|
Balance total /
liabilities |
1,72 |
1,96 |
|
Working capital |
76.140.257 |
18.630.666 |
|
Equity |
58.142.517 |
61.586.570 |
|
Mutation equity |
-5,59 |
|
|
Mutation short term
liabilities |
-67,23 |
|
|
Return on total
assets (ROA) |
-3,32 |
1,64 |
|
Return on equity
(ROE) |
-7,90 |
3,34 |
|
Gross profit margin |
-2,86 |
2,78 |
|
Net profit margin |
-3,08 |
1,46 |
|
Average collection ratio |
5,37 |
1,67 |
|
Average payment ratio |
8,13 |
4,50 |
|
Equity turnover ratio |
1,92 |
1,72 |
|
Total assets turnover
ratio |
0,81 |
0,84 |
|
Fixed assets turnover
ratio |
2,69 |
2,42 |
|
Inventory conversion ratio |
2,38 |
2,35 |
|
Turnover |
111.670.205 |
105.864.051 |
|
Operating result |
-3.191.300 |
2.941.744 |
|
Net result after
taxes |
-3.444.054 |
1.543.882 |
|
Gross profit |
111.670.205 |
105.739.950 |
|
EBIT |
-3.191.300 |
2.941.744 |
Summary
The 2013 financial result structure is a postive working captial of 76.140.257
euro, which is in agreement with 55 % of the total assets of the company.
The working capital has increased with 308.68 % 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 4.66. If the current ratio
exeeds 3.0, the company may not be using its current assets or its short-term
financing facilities efficiently . The quick ratio in 2013 of the company was
2.4. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
The 2012 financial result structure is a postive working captial of
18.630.666 euro, which is in agreement with 15 % of the total assets of the
company.
The current ratio of the company in 2012 was 1.29. 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 0.58. 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 |
Cabot Norit Nederland B.V. Astronaut 34 3824MJ Amersfoort Netherlands Registration number: 31020246 |
Balance
|
Year |
2013 |
2012 |
|
End date |
2013-12-31 |
2012-12-31 |
|
Intangible fixed assets |
2.246.968 |
2.106.133 |
|
Tangible fixed assets |
39.288.019 |
40.489.771 |
|
Financial fixed assets |
|
1.100.000 |
|
Fixed assets |
41.534.987 |
43.695.904 |
|
|
|
|
|
Total stock |
47.016.911 |
45.038.503 |
|
Accounts receivable |
3.269.852 |
16.849.152 |
|
|
|
|
|
Other receivables |
10.468.001 |
6.692.868 |
|
|
|
|
|
Total receivables |
13.737.853 |
23.542.020 |
|
Liquid funds |
36.184.732 |
13.530.059 |
|
|
|
|
|
Current assets |
96.939.496 |
82.110.582 |
|
Total assets |
138.474.483 |
125.806.486 |
|
|
|
|
|
Issued capital |
2.269.000 |
2.269.000 |
|
Share premium reserve |
33.100.896 |
33.100.896 |
|
|
|
|
|
Legal and statutory reserve |
2.246.968 |
2.106.133 |
|
|
|
|
|
Other reserves |
20.525.653 |
24.110.541 |
|
|
|
|
|
Total reserves |
55.873.517 |
59.317.570 |
|
Total equity |
58.142.517 |
61.586.570 |
|
|
|
|
|
Provisions |
510.526 |
740.000 |
|
|
|
|
|
Long term interest yielding debt |
59.022.201 |
|
|
|
|
|
|
Long term liabilities |
59.022.201 |
|
|
Accounts payable |
12.415.550 |
15.930.839 |
|
|
|
|
|
Other short term liabilities |
8.383.689 |
47.549.077 |
|
|
|
|
|
Short term liabilities |
20.799.239 |
63.479.916 |
|
Total short and long term liabilities |
80.331.966 |
64.219.916 |
|
Total liabilities |
138.474.483 |
125.806.486 |
Summary
The
total assets of the company increased with 10.07 % between 2012 and 2013.
Despite
the assets growth, the non current assets decreased with -4.95 %.
Asset
growth is in contrasts with the net worth decline of -5.59 %. The company's
indebtedness has, therefore, increased with 25.09 %.
In
2013 the assets of the company were 29.99 % composed of fixed assets and 70.01
% by current assets. The assets are being financed by an equity of 41.99 %, and
total debt of 58.01 %.
In
2012 the assets of the company were 34.73 % composed of fixed assets and 65.27
% by current assets. The assets are being financed by an equity of 48.95 %, and
total debt of 51.05 %.
Profit
and loss
|
Year |
2013 |
2012 |
|
Revenues |
112.557.296 |
106.831.409 |
|
Other operating income |
887.091 |
1.091.459 |
|
Net turnover |
111.670.205 |
105.864.051 |
|
Operating expenses |
115.748.596 |
103.889.665 |
|
Operating result |
-3.191.300 |
2.941.744 |
|
Financial income |
79.306 |
434.362 |
|
Financial expenses |
1.480.078 |
1.317.596 |
|
Financial result |
-1.400.772 |
-883.234 |
|
Result on ordinary
operations before taxes |
-4.592.072 |
2.058.510 |
|
Taxation on the
result of ordinary
activities |
-1.148.018 |
514.628 |
|
Result of ordinary
activities after taxes |
-3.444.054 |
1.543.882 |
|
Net result |
-3.444.054 |
1.543.882 |
Summary
The turnover of the company grew with 5.48 % between 2012 and 2013.
The operating result of the company declined with -208.48 % 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 -302.44 % of the analysed period, being equal to -3.32 in the year 2013.
This fall has contributed to a asset turnover decrease, whose index evolved from -3.57 to a level of 0.81.
The Net Result of the company decreased by -323.08 % 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 -336.53 % of the analysed period, being -7.9 in the year 2013.
The company's financial profitability has been positively affected by its financial structure.
The company's Financial Profitability has been neutrally affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is the unchanged profitability of the analysed period, remaining unchanged at 3.34 in the year 2012.
Analysis
|
Branch (SBI) |
MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS (SBI code 20) |
|
Region |
Oostelijk Utrecht |
Summary
In the Netherlands 1365 of the companies are registered with the SBI code 20
In the region Oostelijk Utrecht 34 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 Oostelijk Utrecht 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 Oostelijk Utrecht is normal
Publications
|
Consent statements |
01-02-2013: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd. 31-01-2012: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd. |
|
|
|
|
Liability statements |
05-03-2013: Per 31-01-2013 is een aansprakelijkheidsverklaring door Norit N.V.. Per 30-1-2013 is gedeponeerd een intrekking aansprakelijkheidsverklaring door Norit International N.V. ingetrokken. 05-03-2013: Per 04-03-2013 is een aansprakelijkheidsverklaring door Norit N.V.. Per 30-1-2013 is gedeponeerd een aansprakelijkheidsverklaring door Norit N.V. gedeponeerd. 01-02-2013: Per 30-01-2013 is een aansprakelijkheidsverklaring door Norit International N.V.. Per 31-1-2013 is gedeponeerd een intrekking aansprakelijkheidsverklaring door Norit N.V. ingetrokken. 01-02-2013: Per 30-01-2013 is een aansprakelijkheidsverklaring door Norit N.V. gedeponeerd. |
|
|
|
|
Deposits |
20-02-2015: De jaarrekening over 2012 is gepubliceerd. |
|
|
|
|
Functions |
22-04-2015: Per 27-03-2015 is bestuurder Dirk Eijgenraam in functie getreden. |
|
|
22-04-2015: Per 01-03-2015 is bestuurder Jasper Joost van Empelen uit functie getreden. 22-04-2015: Per 27-03-2015 is gevolmachtigde Dirk Eijgenraam uit functie getreden. 11-12-2014: Per 01-01-2014 is gevolmachtigde Dirk Eijgenraam in functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Oscar van Rikxoort uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Pieter Martinus Meijer uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Wouterus Bos uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Robert Willem Koedijk uit functie getreden. 04-12-2014: Per 01-01-2014 is gevolmachtigde Marjolein Blaauw uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Margaretha Maria Hogendoorn-Wassenaar uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Gertjan Hein van de Meerendonk uit functie getreden. 04-12-2014: Per 01-07-2014 is gevolmachtigde Robert Jan de Jonge uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Anthonius Philippus Maria Huppertz uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Helmert Hendrik van Rheenen uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Siebert Brugt Postma uit functie getreden. 04-12-2014: Per 01-11-2014 is gevolmachtigde Arie Pieter Markesteijn uit functie getreden. 04-12-2014: Per 01-07-2014 is gevolmachtigde Hendrika Josephine van Garder uit functie getreden. 24-04-2014: Per 14-04-2014 is bestuurder Marc David Maloney in functie getreden. 24-04-2014: Per 14-04-2014 is bestuurder Gerardus Christiaan Paulus Jacobus Maters uit functie getreden. 31-01-2014: Per 31-12-2013 is gevolmachtigde Jeroen Lambertus Johannes Hogervorst uit functie getreden. 04-10-2013: Per 30-09-2013 is bestuurder Gerardus Christiaan Paulus Jacobus Maters in functie getreden. 04-10-2013: Per 30-09-2013 is bestuurder 31014453 Norit International N.V. uit functie getreden. 04-10-2013: Per 30-09-2013 is bestuurder Paulus Johannes Bernardus Ganzeboom uit functie getreden. 04-10-2013: Per 30-09-2013 is bestuurder 31048655 Norit EAPA Holding B.V. uit functie getreden. 05-11-2012: Per 15-04-2012 is gevolmachtigde René Haarman uit functie getreden. 07-09-2012: Per 05-09-2011 is gevolmachtigde Josephus Gerardus Maria Schut uit functie getreden. |
|
|
|
|
Amendments |
04-10-2013: Per 30-9-2013 is de bevoegdheid van Bestuurder Jasper Joost van Empelen gewijzigd. 04-10-2013: Per 30-9-2013 is de bevoegdheid van Bestuurder Bartholomeus Petrus Genemans gewijzigd. 03-10-2013: Per 30-9-2013 statuten gewijzigd. 05-04-2013: Per 4-4-2013 statuten gewijzigd. Per 4-4-2013 naam gewijzigd in: Cabot Norit Nederland B.V.. |
Company
structure
|
Relations |
7 |
|
Company |
Registration |
|
|
number |
|
Cabot Activated Carbon
Holdings Uk Limited
(CF64 5RP Penarth
Vale of) |
|
|
| - -
Cabot Activated Carbon
B.V. (AMERSFOORT) |
55725368 |
|
| - -
| - -
Norit Holding B.V.
(Amersfoort) |
34274012 |
|
| - -
| - - | -
- Norit International N.V.
(Amersfoort) |
31014453 |
|
| - -
| - - | -
- | -
- Norit EAPA
Holding B.V. (AMERSFOORT) |
31048655 |
|
| - -
| - - | -
- | -
- | -
- Cabot Norit
Nederland B.V. (Amersfoort) |
31020246 |
|
| - -
| - - | -
- | -
- Norit Real
Estate B.V. (AMERSFOORT) |
31020247 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.