MIRA INFORM
REPORT
|
Report Date : |
01.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BARCO NV |
|
|
|
|
Registered Office : |
35, President Kennedypark, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
09.11.2000 |
|
|
|
|
Com. Reg. No.: |
473191041 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of other electrical equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 7,700,000 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
473191041 |
|
Name |
BARCO NV |
|
Address |
35, PRESIDENT KENNEDYPARK, |
|
Post Code |
8500 |
|
Telephone Number |
056233211 |
|
Fax Number |
056262262 |
|
Establishment Date |
09-11-2000 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
1384 |
|
Activity Description |
Manufacture of other electrical equipment |
|
Activity Code |
27900 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
THEODOOR SEVENSLAAN |
|
House Number |
106 |
|
City |
|
|
Postal Code |
8500 |
|
Trade Registered Number |
149094 |
|
Trade Registered Entry Date |
01-11-2000 |
|
Contractor Details |
|
|
Registration Number |
052701 |
|
Contractor Description |
Special installations |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
108376 |
|
Event Description |
Appointment |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
7,700,000 |
|
Purchase Limit (€) |
103,000,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
114,158 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
53.26 |
|
Day Sales Outstanding |
91.12 |
|
Industry Comparison |
|
|
Activity Code |
2790 |
|
Activity Description |
Manufacture of other electrical equipment |
|
Industry Average Day Sales Outstanding |
114.06 |
|
Industry Average Payment Expectation Days |
50.68 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
52.78 |
|
Payment Expectations - Median |
79.76 |
|
Payment Expectations - Upper |
111.60 |
|
|
|
|
Day Sales Outstanding - Lower |
22.93 |
|
Day Sales Outstanding - Median |
47.68 |
|
Day Sales Outstanding - Upper |
70.16 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
421600008 |
|
Company Name |
VLAAMSE INVESTERINGSMAATSCHAPPIJ NV |
|
Address |
KAREL OOMSSTRAAT 37, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
9.86 |
|
Annual Accounts Date |
01-03-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049837 |
|
Company Name |
BARCO LTD |
|
Address |
SAMSUNG-DONG 165-2 216-8, KANGNAM-KU, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048253 |
|
Company Name |
BARCO GMBH |
|
Address |
GRESBACHSTRASSE 2-4, KARTSRUHE |
|
Postal Code |
76229 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048352 |
|
Company Name |
BARCO CO LTD |
|
Address |
HEIWAJIMA OHTA-KU 5-1-1, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048550 |
|
Company Name |
BARCO TRADING CO LTD |
|
Address |
|
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048649 |
|
Company Name |
BARCO ELECTRONIC SYSTEMS PVT Ltd |
|
Address |
14, LSC, COMMUNITY CENTRE PUSHP VIHA, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048748 |
|
Company Name |
BARCO A/S |
|
Address |
TOBAKSVEJEN 23A, SOEBORG |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049936 |
|
Company Name |
BARCO SERVICES LLC-BPS |
|
Address |
NOVOROGOZHKAYA 1, MOSCOU |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048154 |
|
Company Name |
BARCO INC |
|
Address |
|
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16050035 |
|
Company Name |
BARCO LEYARD ELECTRONIC TECHNOLOGY CO |
|
Address |
CHANG PING PARK 1, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049540 |
|
Company Name |
BARCO SRL |
|
Address |
VIA DI CASTEL GIUBILEO 62, ROMA |
|
Postal Code |
138 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048946 |
|
Company Name |
BARCO LTD |
|
Address |
17F-1 CHUNGCHENG ROAD 868 CHUNGDO CI, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049045 |
|
Company Name |
BARCO ELECTRONIC SYSTEMS SA |
|
Address |
TRAVESSERA DE LES CORTS 371, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049144 |
|
Company Name |
BARCOVIEW PTE LTD |
|
Address |
|
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049243 |
|
Company Name |
BARCO SENDIRAIN BERHAD |
|
Address |
LEVEL 17, MENARA MILENIUM, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16050134 |
|
Company Name |
BARCO SVERIGE A/B |
|
Address |
KINGSGATAN 15, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048055 |
|
Company Name |
BARCO sa |
|
Address |
BOULEVARD DE LA LIBERATION 6, |
|
Postal Code |
93200 |
|
Country |
|
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048451 |
|
Company Name |
BARCO LTDA |
|
Address |
AV. DR. CARDOSO DE MELO 351-8, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
429790271 |
|
Company Name |
BARCO INTEGRATED SOLUTIONS NV |
|
Address |
PRESIDENT KENNEDYPARK 35, |
|
Postal Code |
8500 |
|
Country |
|
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049738 |
|
Company Name |
BARCO SILEX SA |
|
Address |
ROUTE DE TRETS, PEYNIER |
|
Postal Code |
13790 |
|
Country |
|
|
Share Percentage |
99.98 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049342 |
|
Company Name |
BARCOVIEW TEXEN SA |
|
Address |
RUE ROGER CAMBOULIVES 7, |
|
Postal Code |
31100 |
|
Country |
|
|
Share Percentage |
99.98 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
427422976 |
|
Company Name |
INNOVATIVE DESIGNS NV |
|
Address |
PRESIDENT KENNEDYPARK 35, |
|
Postal Code |
8500 |
|
Country |
|
|
Share Percentage |
99.87 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049441 |
|
Company Name |
BARCO SP Z O O |
|
Address |
MARYWILSKA 16, WARSZAWA |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
99.75 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
445977591 |
|
Company Name |
BARCO SILEX SA |
|
Address |
RUE DU BOSQUET 7, LOUVAIN-LA-NEUVE |
|
Postal Code |
1348 |
|
Country |
|
|
Share Percentage |
99.05 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16049639 |
|
Company Name |
BARCO LTD |
|
Address |
HARBOUR ROAD 18, WANCHAI |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
16048847 |
|
Company Name |
BARCO LTD |
|
Address |
CHAENGWATANA ROAD 99/349, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
49 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
465127074 |
|
Company Name |
FLABEL CORPORATION NV |
|
Address |
AUGUSTE REYERSLAAN 80, SCHAARBEEK |
|
Postal Code |
1030 |
|
Country |
|
|
Share Percentage |
25 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
431157278 |
|
Company Name |
|
|
Address |
PRESIDENT KENNEDYPARK 35, |
|
Postal Code |
8500 |
|
Country |
|
|
Share Percentage |
0.01 |
|
Annual Accounts Date |
01-12-2009 |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
410,991,682 |
444,283,791 |
500,936,479 |
|
Total Operating Expenses |
433,701,043 |
490,726,988 |
493,228,463 |
|
Operating Result |
-22,709,361 |
-46,443,197 |
7,708,016 |
|
Total Financial Income |
28,108,621 |
49,457,054 |
28,464,194 |
|
Total Financial Expenses |
26,546,101 |
45,760,697 |
32,534,014 |
|
Results on Ordinary Operations Before Tax |
-33,921,941 |
-68,684,032 |
-16,471,862 |
|
Taxation |
4,609,475 |
144,432 |
192,298 |
|
Results on Ordinary Operations After Tax |
-38,531,416 |
-68,828,464 |
-16,664,160 |
|
Extraordinary Items |
12,091,373 |
75,758,260 |
-1,433,243 |
|
Net Result |
-26,440,043 |
6,929,796 |
-18,097,403 |
|
Other Information |
|||
|
Dividends |
- |
- |
28,555,944 |
|
Director Remuneration |
- |
581,667 |
754,334 |
|
Employee Costs |
97,306,169 |
113,696,395 |
99,833,964 |
|
- Wages & Salaries |
70,632,213 |
85,481,808 |
73,964,250 |
|
- Employee Pension Costs |
554,668 |
773,444 |
334,152 |
|
- Social Security Contributions |
21,986,310 |
22,765,796 |
20,577,574 |
|
- Other Employee Costs |
4,132,978 |
4,675,347 |
4,957,988 |
|
Amortization & Depreciation |
39,654,372 |
51,764,987 |
44,980,024 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
41,239,938 |
64,539,716 |
75,379,395 |
|
Tangible Fixed Assets |
22,295,117 |
26,103,349 |
33,163,084 |
|
- Land And Buildings |
11,893,895 |
12,924,898 |
16,911,909 |
|
- Plant And Machinery |
7,272,521 |
9,784,822 |
11,787,698 |
|
- Other Tangible Assets |
3,128,701 |
3,393,629 |
4,463,477 |
|
Financial Fixed Assets |
638,357,735 |
622,632,574 |
545,113,510 |
|
Total Fixed Assets |
701,892,790 |
713,275,639 |
653,655,989 |
|
Inventories |
87,127,558 |
97,466,716 |
122,729,741 |
|
- Raw Materials & Consumables |
32,672,384 |
33,898,763 |
48,451,114 |
|
- Work in Progress |
33,598,086 |
33,863,532 |
30,536,993 |
|
- Finished Goods |
20,857,088 |
29,704,421 |
43,741,634 |
|
- Other Stocks |
0 |
0 |
0 |
|
Trade Debtors |
102,605,418 |
104,907,626 |
134,899,661 |
|
Cash |
2,860,050 |
46,498 |
57,068 |
|
- Miscellaneous Current Assets |
52,018,387 |
52,307,508 |
48,867,313 |
|
Total Current Assets |
259,380,580 |
270,195,155 |
323,354,583 |
|
Current Liabilities |
|||
|
- Trade Creditors |
63,284,037 |
67,229,385 |
92,695,791 |
|
- Short Term Group Loans |
612,539,919 |
580,027,344 |
534,492,072 |
|
- Other Short Term Loans |
559,887,240 |
578,418,801 |
493,252,776 |
|
- Miscellaneous Current Liabilities |
-579,798,943 |
-588,660,233 |
-489,898,138 |
|
Total Current Liabilities |
655,912,253 |
637,015,297 |
630,542,501 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
20,310,437 |
32,129,805 |
32,811,131 |
|
- Other Long Term Loans |
25,560,437 |
32,211,289 |
41,166,964 |
|
- Other Long Term Liabilities |
5,298,588 |
446,835 |
-5,860,510 |
|
Total Long Term Debts |
51,169,462 |
64,787,929 |
68,117,585 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
54,169,172 |
54,169,172 |
54,168,316 |
|
- Share Premium Account |
131,150,489 |
131,150,489 |
131,142,942 |
|
- Reserves |
68,871,994 |
96,347,907 |
93,039,228 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
254,191,655 |
281,667,568 |
278,350,486 |
|
|
|||
|
Working Capital |
-396,531,673 |
-366,820,142 |
-307,187,918 |
|
Net Worth |
212,951,717 |
217,127,852 |
202,971,091 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-8.25 |
-15.46 |
-3.29 |
|
Return On Capital Employed |
-11.11 |
-19.82 |
-4.75 |
|
Return On Total Assets Employed |
-3.53 |
-6.98 |
-1.69 |
|
Return On Net Assets Employed |
8.55 |
18.72 |
5.36 |
|
Sales / Net Working Capital |
-1.04 |
-1.21 |
-1.63 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
21.20 |
21.94 |
24.50 |
|
Debtor Days |
91.12 |
86.19 |
98.29 |
|
Creditor Days |
53.26 |
50 |
68.60 |
|
Short Term Stability |
|||
|
Current Ratio |
0.40 |
0.42 |
0.51 |
|
Liquidity Ratio / Acid Ratio |
0.26 |
0.27 |
0.32 |
|
Current Debt Ratio |
2.58 |
2.26 |
2.27 |
|
Long Term Stability |
|||
|
Gearing |
479.28 |
434.12 |
395.80 |
|
Equity In Percentage |
0.28 |
0.31 |
0.31 |
|
Total Debt Ratio |
4.79 |
4.34 |
3.96 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
HERMAN DAEMS |
|
Birth Date |
1946-07-19 |
|
Position Description |
Chairman of the board |
|
Address |
20 KRUISBOOGLAAN LUBBEEK |
|
Country |
-- |
|
Postal Code |
3210 |
|
Birth Date |
2012-01-01 |
|
Company Director |
|
|
Full Name |
MARC VERCRUYSSE |
|
Birth Date |
1959-03-11 |
|
Position Description |
Director |
|
Address |
101 APPELKANTSTRAAT BOECHOUT |
|
Country |
-- |
|
Postal Code |
2530 |
|
Birth Date |
2012-01-01 |
|
Company Director |
|
|
Full Name |
ERIC VAN ZELE |
|
Birth Date |
1948-05-19 |
|
Position Description |
Managing director |
|
Address |
9 HERTENLAAN HOEILAART |
|
Country |
-- |
|
Postal Code |
1560 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
JAN P OOSTERVELD |
|
Birth Date |
1944-03-12 |
|
Position Description |
Director |
|
Address |
107 JAVALAAN 5631 DB |
|
Country |
The |
|
Postal Code |
0 |
|
Birth Date |
2011-01-01 |
|
Company Director |
|
|
Full Name |
CHRISTINA VON WACKERBARTH |
|
Birth Date |
1954-12-16 |
|
Position Description |
Director |
|
Address |
39 TRANSVAALSTRAAT BERCHEM (ANTW.) |
|
Country |
-- |
|
Postal Code |
2600 |
|
Birth Date |
2012-01-01 |
|
Company Director |
|
|
Full Name |
PRAKSIS BVBA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
29 DE GOUDVINK SCHILDE |
|
Country |
-- |
|
Postal Code |
2970 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
LUMIS NV |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
67 SLIJKSTRAAT PELLENBERG |
|
Country |
-- |
|
Postal Code |
3212 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
DR. IR. U. VANDEURZEN MANAGEMENT FIRM NV |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
19 JACHTHUISLAAN LUBBEEK |
|
Country |
-- |
|
Postal Code |
3210 |
|
Birth Date |
2011-01-01 |
|
Company Director |
|
|
Full Name |
MARC OOMS BVBA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
3 HOFBOUWLAAN |
|
Country |
-- |
|
Postal Code |
9000 |
|
Birth Date |
2012-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.03 |
|
|
1 |
Rs.74.43 |
|
Euro |
1 |
Rs.64.75 |
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 |
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.