MIRA INFORM REPORT

 

 

Report No. :

492889

Report Date :

17.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

AURUBIS NETHERLANDS B.V.

 

 

Registered Office :

Oostzeestraat 1, 7202CM Zutphen

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.09.2017

 

 

Date of Incorporation :

09.06.2011

 

 

Com. Reg. No.:

52930610

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Copper production

 

 

No. of Employees :

156 [2017]

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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 consistently high trade surplus, stable industrial relations, and low 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 euro zone, 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 80% of banking assets, and is four times the size of Dutch GDP.

In 2008, during the financial crisis, the government budget deficit hit 5.3% of GDP. Following a protracted recession from 2009 to 2013, during which unemployment doubled to 7.4% and household consumption contracted for four consecutive years, economic growth began inching forward in 2014. Since 2010, Prime Minister Mark RUTTE’s government has 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. In 2017, the government budget returned to a surplus of 0.7% of GDP, with economic growth of 3.2%, and GDP per capita finally surpassed pre-crisis levels. The fiscal policy announced by the new government in the 2018-2021 coalition plans for increases in government consumption and public investment, fueling domestic demand and household consumption and investment. The new government’s policy also plans to increase demand for workers in the public and private sector, forecasting a further decline in the unemployment rate, which hit 4.8% in 2017.

 

Source : CIA

 

Company name

 

Name

Aurubis Netherlands B.V.

 

 

Summary

 

Company name

Aurubis Netherlands B.V.

Operative address

Oostzeestraat 1
7202CM Zutphen
Netherlands

Status

Active

 

Legal form

Private Limited Company

Registration number

KvK-nummer: 52930610

VAT-number

850670676

European VAT-number

NL850670676B01

 

Year

2017

Mutation

2016

Mutation

2015

Fixed assets

41.401.000

-1,96 

42.229.000

0,25 

42.124.000

Total receivables

41.951.000

22,04 

34.375.000

-16,54 

41.187.000

Total equity

-6.443.000

47,48 

-12.268.000

-277,48 

-3.250.000

Short term liabilities

76.012.000

-7,16 

81.874.000

40,73 

58.180.000

Net result

5.825.000

164,59 

-9.018.000

18,73 

-11.097.000

Working capital

33.711.000

126,26 

14.899.000

-56,26 

34.060.000

Quick ratio

0,69

16,95 

0,59

-22,37 

0,76

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/SUMMARY-01-bar-large.png

Contact information

 

Company name

Aurubis Netherlands B.V.

Trade names

Aurubis Netherlands B.V.

Operative address

Oostzeestraat 1
7202CM Zutphen
Netherlands

Correspondence address

Oostzeestraat 1
7202CM Zutphen
Netherlands

 

Telephone number

0575-594594

Email address

info.zutphen@aurubis.com

Website

www.aurubis.com

 

 

Registration

 

Registration number

KvK-nummer: 52930610

Branch number

000022824391

VAT-number

850670676

European VAT-number

NL850670676B01

Status

Active

First registration company register

2011-06-09

Memorandum

2011-06-09

Establishment date

2011-06-09

 

Legal form

Private Limited Company

Last proposed admendment

2014-09-22

Issued placed capital

EUR 34.018.000

Paid up share capital

EUR 34.018.000

 

Activities

 

SBI

2444: Copper production

Exporter

No

Importer

No

 

Branche organisations

VNMI - Vereniging Nederlandse Metallurgische Industrie

Goal

Productie van en handel in alle soorten (half) afgewerkte producten uit non-ferro metalen en het verrichten van alle andere handelingen van commerciële, industriële of financiële aard.

 

Relations

 

Shareholders

Aurubis Belgium NV/SA
Rue de Marais 31
B-1000 Brussel
Belgium
Percentage: 100%

Shareholders

Naam: Aurubis Belgium NV/SA
Bezoekadres: Rue de Marais 31, B-1000 Brussel, België
Ingeschreven in: Kruispuntbank van Ondernemingen Brussel, België onder nummer 0873.533.993
Enig aandeelhouder sedert: 09-06-2011 (datum registratie: 14-06-2011)

Companies on same address

PERSONEELSVERENIGING AURUBIS
Registration number: 40101332

 

Stichting Sociaal Fonds Luvata Netherlands B.V.
Registration number: 08154907

 

BCPC B.V.
Registration number: 56245599

 

Real Estate

 

Details operative address

Surface area: 21862 m2
Purpose: Industrial function
Construction year: 2004
Status: Building in use
Under investigation: No

 

Management

 

Active management

W.J. Klerks Wilhelmus Johannes
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2016-11-01
Date of birth: 1959-06-18, Heusden, NL

 

S.C.R.J. Boel Stefan Cyriel Robert Jean
Netherlands
Function: Commissaris
Starting date: 2012-03-01
Date of birth: 1966-06-09, Hamme, BE

 

H.L. Rosenstock Hans Ludwig
Netherlands
Function: Commissaris
Starting date: 2015-08-01
Date of birth: 1960-12-31, Siegen, DE

 

R. Priest Roelof
Netherlands
Function: Commissaris
Starting date: 2017-10-01
Date of birth: 1960-09-10, Rijswijk, NL
Involved with the following companies:

Hendriks stalen bekistingtechniek B.V.
Inductorstraat 41
3903KA Veenendaal
Netherlands
Registration number: 30083182
Function: Proxy
Starting date: 2017-02-01

 

G. Vriezekolk Gerritje
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1968-05-07, Apeldoorn, NL

 

W.J.P. Eijkelkamp - Meijerman Wilhelmina Johanna Petronella
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1966-09-26, Doetinchem, NL

 

I. Wiltink - Simon Ilona
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1961-09-04, Deventer, NL

 

G.J. Brouwer Gerrit Jan
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1953-09-21, Voorst, NL

 

D. Smits Daniëlle
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-09-01
Date of birth: 1964-07-27, Ede, NL

 

C.K. Pasman - Voorhof Cornelia Klasina
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2015-11-17
Date of birth: 1964-05-04, Rheden, NL

 

G.M. van Jaarsveld Gerardus Maria
Looër Enkweg 15
7207RT Zutphen
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2017-09-01
Date of birth: 1966-02-07, Gouda, NL
Involved with the following companies:

Gerard HRM
Looer Enkweg 15
7207RT ZUTPHEN
Netherlands
Registration number: 54956935
Function: Owner
Starting date: 2012-04-01

 

Employees

 

Year

2017

2016

2015

2014

2013

Annual

308

316

323

300

216

Chamber of Commerce

156

156

156

156

156

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/EMPLOYEES-01-bar-large.png

 

Payments

 

Description

Regular

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/PAYMENTS-01-line-large.png

Total

EUR 131.814

 

Last quarter

Last year

Average payment period (days)

30

22

Average delay (days)

1

2

 

Quarter

Volume

Not overdue

1-30

31-60

61-90

91-120

121+

2018 Q1

A

0,00%

100,00%

0,00%

0,00%

0,00%

0,00%

2017 Q4

D

99,00%

1,00%

0,00%

0,00%

0,00%

0,00%

2017 Q3

A

0,00%

100,00%

0,00%

0,00%

0,00%

0,00%

2017 Q2

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

2017 Q1

A

100,00%

0,00%

0,00%

0,00%

0,00%

0,00%

A = < 10.000, B = < 25.000, C = < 50.000, D = < 125.000, E = > 125.000

Payments within industry

Last quarter

Last year

Average payment period (days)

46

43

Average delay (days)

20

19

Quarter

Not overdue

1-30

31-60

61-90

91-120

121+

 

2018 Q1

66,00%

21,00%

7,00%

3,00%

1,00%

2,00%

 

2017 Q4

55,00%

25,00%

13,00%

4,00%

1,00%

2,00%

 

2017 Q3

72,00%

20,00%

4,00%

1,00%

1,00%

1,00%

 

2017 Q2

68,00%

22,00%

6,00%

3,00%

0,00%

1,00%

 

2017 Q1

68,00%

24,00%

5,00%

1,00%

0,00%

2,00%

 

The above data is an indication of the average payment behaviour of the client. the payment experieneces can be affected by disputes, payment arrangements, etc.

 

 

Key figures

 

Year

2017

2016

2015

2014

2013

Quick ratio

0,69

0,59

0,76

0,72

0,56

Current ratio

1,44

1,18

1,59

1,47

1,49

Working capital/ balance total

0,22

0,11

0,25

0,22

0,19

Equity / balance total

-0,04

-0,09

-0,02

0,06

0,06

Equity / Fixed assets

-0,16

-0,29

-0,08

0,17

0,15

Equity / liabilities

-0,04

-0,08

-0,02

0,06

0,07

Balance total / liabilities

0,96

0,92

0,98

1,06

1,07

Working capital

33.711.000

14.899.000

34.060.000

30.535.000

20.403.000

Equity

-6.443.000

-12.268.000

-3.250.000

7.847.000

6.664.000

Mutation equity

47,48

-277,48

-141,42

17,75

-40,48

Mutation short term liabilities

-7,16

40,73

-9,97

56,58

203,33

Return on total assets (ROA)

4,30

-5,84

-9,54

-14,80

-17,66

Return on equity (ROE)

-100,84

66,16

394,46

-267,83

-279,82

Gross profit margin

3,59

-2,77

-80,18

-8,49

-12,19

Net profit margin

2,30

-4,30

-78,28

-8,42

-3,22

Average collection ratio

3,34

2,56

0,24

3,46

3,42

Average payment ratio

6,04

6,10

0,34

5,30

6,50

Equity turnover ratio

-39,35

-17,10

-4,36

28,49

21,16

Total assets turnover ratio

1,68

1,51

0,11

1,57

1,34

Fixed assets turnover ratio

6,12

4,97

0,34

4,77

3,21

Inventory conversion ratio

4,44

4,36

0,30

4,60

3,66

Turnover

253.557.000

209.805.000

14.176.000

223.568.000

140.983.000

Gross margin

34.745.000

12.048.000

1.539.000

393.000

Operating result

9.115.000

-5.814.000

-11.367.000

-18.978.000

-17.184.000

Net result after taxes

5.825.000

-9.018.000

-11.097.000

-18.817.000

-4.533.000

Cashflow

-15.216.000

EBIT

9.115.000

-5.814.000

-11.367.000

-18.978.000

-17.184.000

EBITDA

-15.377.000

 

Summary

The 2017 financial result structure is a postive working captial of 33.711.000 euro, which is in agreement with 22 % of the total assets of the company.
The working capital has increased with 126.26 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2016 and 2017 has mainly been caused by a change of the current assets.
The current ratio of the company in 2017 was 1.44. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2017 of the company was 0.69. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

The 2016 financial result structure is a postive working captial of 14.899.000 euro, which is in agreement with 11 % of the total assets of the company.
The working capital has diminished with -56.26 % compared to previous year. The ratio, with respect to the total assets of the company has however, declined.
The deterioration between 2015 and 2016 has mainly been caused by a change of the current liabilities.
The current ratio of the company in 2016 was 1.18. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2016 of the company was 0.59. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/KEYFIGURES-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/KEYFIGURES-02-bar-large.png

 

Financial statement

 

Last annual account

2017

Remark annual account

The company is obliged to file its financial statements.

Type of annual account

Corporate

Annual account

Aurubis Netherlands B.V.
Oostzeestraat 1
7202CM Zutphen
Netherlands
Registration number: 52930610

 

Balance

 

Year

2017

2016

2015

2014

2013

End date

2017-09-30

2016-09-30

2015-09-30

2014-09-30

2013-09-30

Type of annual account

Corporate

Corporate

Corporate

Corporate

Corporate

Tangible fixed assets

35.570.000

36.190.000

36.085.000

38.316.000

33.419.000

Financial fixed assets

5.831.000

6.039.000

6.039.000

8.510.000

10.493.000

Fixed assets

41.401.000

42.229.000

42.124.000

46.826.000

43.912.000

Total stock

57.127.000

48.120.000

47.759.000

48.609.000

38.529.000

Accounts receivable

38.411.000

41.181.000

19.542.000

Other receivables

2.776.000

995.000

2.133.000

Total receivables

41.951.000

34.375.000

41.187.000

42.176.000

21.675.000

Securities

716.000

Liquid funds

9.929.000

14.279.000

3.294.000

4.373.000

1.470.000

Current assets

109.723.000

96.773.000

92.240.000

95.158.000

61.674.000

Total assets

151.124.000

139.002.000

134.364.000

141.984.000

105.586.000

Issued capital

20.018.000

20.018.000

20.018.000

18.000

Other reserves

-26.461.000

-32.286.000

-12.171.000

26.664.000

6.646.000

Non-distributable profit

-11.097.000

-18.817.000

Total reserves

-26.461.000

-32.286.000

-23.268.000

7.847.000

6.646.000

Total equity

-6.443.000

-12.268.000

-3.250.000

7.847.000

6.664.000

Provisions

7.555.000

6.872.000

5.972.000

5.113.000

4.312.000

Long term interest yielding debt

74.000.000

62.524.000

73.462.000

64.401.000

53.339.000

Long term liabilities

74.000.000

62.524.000

73.462.000

64.401.000

53.339.000

Accounts payable

15.164.000

25.147.000

20.134.000

Other short term liabilities

43.016.000

39.476.000

21.137.000

Short term liabilities

76.012.000

81.874.000

58.180.000

64.623.000

41.271.000

Total short and long term liabilities

157.567.000

151.270.000

137.614.000

134.137.000

98.922.000

Total liabilities

151.124.000

139.002.000

134.364.000

141.984.000

105.586.000

 

Summary

The total assets of the company increased with 8.72 % between 2016 and 2017.
Despite the assets growth, the non current assets decreased with -1.96 %.
The asset growth has mainly been financed by a Net Worth increase of 47.48 %. Debt, however, grew with 4.16 %.
In 2017 the assets of the company were 27.4 % composed of fixed assets and 72.6 % by current assets. The assets are being financed by an equity of -4.26 %, and total debt of 104.26 %.

The total assets of the company increased with 3.45 % between 2015 and 2016.
The total assets are entirely composed of current assets.
Asset growth is in contrasts with the net worth decline of -277.48 %. The company's indebtedness has, therefore, increased with 9.92 %.
In 2016 the assets of the company were 30.38 % composed of fixed assets and 69.62 % by current assets. The assets are being financed by an equity of -8.83 %, and total debt of 108.83 %.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/BALANCESHEETS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/BALANCESHEETS-02-bar-large.png

 

Profit and loss

 

Year

2017

2016

2015

2014

2013

Revenues

253.557.000

209.805.000

246.096.000

223.568.000

140.983.000

Other operating income

231.920.000

Net turnover

253.557.000

209.805.000

14.176.000

223.568.000

140.983.000

Gross margin

34.745.000

12.048.000

1.539.000

393.000

Wages and salaries

13.729.000

Amorization and depreciation

3.601.000

Sales

218.812.000

197.757.000

222.029.000

140.590.000

other operating costs

25.630.000

17.862.000

16.916.000

3.848.000

Changes in inventories of finished goods and work in progress

231.920.000

Operating expenses

244.442.000

215.619.000

257.463.000

242.546.000

158.167.000

Operating result

9.115.000

-5.814.000

-11.367.000

-18.978.000

-17.184.000

Financial income

43.000

2.000

1.000

Financial expenses

1.496.000

2.041.000

1.464.000

Financial result

-2.618.000

-2.303.000

-1.453.000

-2.039.000

-1.463.000

Result on ordinary operations before taxes

6.497.000

-8.117.000

-12.820.000

-21.017.000

-18.647.000

Taxation on the result of ordinary activities

672.000

901.000

3.215.000

2.738.000

-5.806.000

Result of ordinary activities after taxes

5.825.000

-9.018.000

-16.035.000

-23.755.000

-12.841.000

Extraordinary income

4.938.000

4.938.000

8.308.000

Extraordinary result after taxation

4.938.000

4.938.000

8.308.000

Net result

5.825.000

-9.018.000

-11.097.000

-18.817.000

-4.533.000

 

Summary

The turnover of the company grew with 20.85 % between 2016 and 2017.
The gross profit of the company grew with 188.39 % between 2016 and 2017.
The operating result of the company grew with 256.78 % between 2016 and 2017. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 173.63 % of the analysed period, being equal to 4.3 in the year 2017.
This growth has contributed to the increase in assets turnover, increasing by 11.26 % reaching 1.68.
The Net Result of the company increased by 164.59 % between 2016 and 2017.
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 -252.42 % of the analysed period, being -100.84 in the year 2017.
The company's financial profitability has been positively affected by its financial structure.

The turnover of the company grew with 1380 % between 2015 and 2016.
The operating result of the company grew with 48.85 % between 2015 and 2016. This evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic Profitability of 38.78 % of the analysed period, being equal to -5.84 in the year 2016.
This growth has contributed to the increase in assets turnover, increasing by 1272.73 % reaching 1.51.
The Net Result of the company increased by 18.73 % between 2015 and 2016.
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 -83.23 % of the analysed period, being 66.16 in the year 2016.
The company's financial profitability has been positively affected by its financial structure.

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/PROFITLOSSACCOUNTS-01-bar-large.png

Description: http://kredietinformatie.creditdevice.nl/cache/ci-report-1276029-EN/PROFITLOSSACCOUNTS-02-bar-large.png

 

Analysis

 

Branch (SBI)

Copper production (SBI code 2444)

Region

Achterhoek

Summary

In the Netherlands 721 of the companies are registered with the SBI code 2444
In the region Achterhoek 17 of the companies are registered with the SBI code 2444
In the Netherlands 30 of the bankrupcties are published within this sector
In the region Achterhoek 2 of the bankruptcies are published within this sector
The risk of this specific sector in the Netherlands is Highest
The risk of this specific sector in the region Achterhoek is Highest

Year

2017

Company

2016

Company

2015

Equity

251.821

-6.443.000 

223.002

-12.268.000 

213.716

Working capital

207.296

33.711.000 

130.412

14.899.000 

126.000

Balance total

837.466

151.124.000 

852.868

139.002.000 

815.470

Quick ratio

1,18

0,69 

1,03

0,59 

1,12

Current ratio

1,43

1,44 

1,43

1,18 

1,42

Equity / balance total

0,40

-0,04 

0,38

-0,09 

0,36

Turnover

25.214.908

253.557.000 

16.092.969

209.805.000 

18.628.174

Net result

794.831

5.825.000 

487.367

-9.018.000 

848.275

 

 

Publications

 

Deposits

29-12-2017: De jaarrekening over 2017 (gebroken boekjaar) is gepubliceerd.
29-12-2016: De jaarrekening over 2016 (gebroken boekjaar) is gepubliceerd.
21-01-2016: De jaarrekening over 2015 (gebroken boekjaar) is gepubliceerd.
15-04-2015: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
04-11-2014: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.
03-07-2013: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

Functions

19-12-2017: Per 01-10-2017 is commissaris Roelof Priest in functie getreden.
27-09-2017: Per 01-09-2017 is gevolmachtigde Gerardus Maria van Jaarsveld in functie getreden.
02-11-2016: Per 01-11-2016 is bestuurder Wilhelmus Johannes Klerks in functie getreden.
02-11-2016: Per 01-11-2016 is bestuurder Nadia Emma Gustaaf Janssens uit functie getreden.
04-07-2016: Per 01-07-2016 is bestuurder Nadia Emma Gustaaf Janssens in functie getreden.
04-07-2016: Per 01-07-2016 is bestuurder Alfred Gerard Helmus uit functie getreden.
18-02-2016: Per 01-10-2015 is bestuurder Thomas Sturm uit functie getreden.
18-02-2016: Per 01-10-2015 is gevolmachtigde Alfred Gerard Helmus uit functie getreden.
18-02-2016: Per 01-10-2015 is bestuurder Alfred Gerard Helmus in functie getreden.
10-12-2015: Per 17-11-2015 is gevolmachtigde Cornelia Klasina Pasman-Voorhof in functie getreden.
13-08-2015: Per 01-08-2015 is commissaris Hans Ludwig Rosenstock in functie getreden.
13-08-2015: Per 01-08-2015 is commissaris Ari Juhani Ingman uit functie getreden.
10-02-2015: Per 01-02-2015 is gevolmachtigde Dirk de Jong uit functie getreden.
10-12-2014: Per 01-10-2014 is commissaris Antonius Cornelis Petrus Ludovicus van Overveld uit functie getreden.

Other

18-12-2017: Geplaatst kapitaal gewijzigd in EUR 34.018.000,00 Gestort kapitaal gewijzigd in EUR 34.018.000,00.
26-09-2014: Geplaatst kapitaal gewijzigd in EUR 20.018.000,00 Gestort kapitaal gewijzigd in EUR 20.018.000,00.
26-09-2014: Per 22-9-2014 statuten gewijzigd.

 

Company structure

 

Relations

2

Company

Registration number

Aurubis Belgium NV/SA (B-1000 Brussel)

| - - Aurubis Netherlands B.V. (Zutphen)

52930610  

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.91

UK Pound

1

INR 90.31

Euro

1

INR 80.17

Euro

1

INR 79.89

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

SYL

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.