MIRA INFORM REPORT

 

 

Report Date :

14.04.2012

 

IDENTIFICATION DETAILS

 

Name :

KEMPISCH LABORATORIUM - KELA LABORATORIA NV

 

 

Registered Office :

Sint-Lenaartseweg 48 Hoogstraten 2320

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.07.1941

 

 

Com. Reg. No.:

403835645

 

 

Legal Form :

Public Limited Liability Company (BE)

 

 

Line of Business :

Manufacture of artificial fertilisers

 

 

No. of Employees :

133

 

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 :

320.000 €

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


REGISTERED NAME & COMPANY SUMMARY

 

Business number

403835645

Company name

KEMPISCH LABORATORIUM - KELA LABORATORIA NV

Telephone number

033400411

 

Address

SINT-LENAARTSEWEG 48 HOOGSTRATEN

Fax number

033400423

Post code

2320

Number of staff

133

Date of establishment

15/07/1941

 

 

 

Business number

403835645

Company name

KEMPISCH LABORATORIUM - KELA LABORATORIA NV

Fax number

033400423

Date founded

15/07/1941

Company status

active

Company type

Public Limited Liability Company (BE)

Currency

Euro (€)

Date of latest accounts

31/12/2010

Activity code

21201

liable for VAT

yes

Activity description

Manufacture of artificial fertilisers

VAT Number

BE.0403.835.645

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

CREDIT recommendation

 

Current Credit Limit: 320.000 €

 

DIRECTORS/MANAGEMENT

 

Current director details

Name

WALTER EMILIA RENΙ BEYERS

Position

Director

Date of birth

09/06/1960

Street

11 FRANS BIRONTLAAN ANTWERPEN

Post code

2600

Country

Belgium

Name

PHILOMENA VAN PELT

Position

Director

Street

42 SCHIJNDALLEI SCHOTEN

Post code

2900

Country

Belgium

 

Name

ROBERTA SLEDSENS

Position

Director

Street

38 SCHOONZICHTLAAN HERENT

Post code

3020

Country

Belgium

Name

CLIVAN BVBA

Position

Director

Date of birth

05/03/2007

Street

156 TIENSEVEST LEUVEN

Post code

3000

Country

Belgium

 

Name

RENATUS BEYERS

Position

Managing Director

Street

6268 EAGLES DRIVE

Post code

V6T0A2

Country

Canada

Name

RENATUS BEYERS

Position

Director

Street

6268 EAGLES DRIVE

Post code

V6T0A2

Country

Canada

Former director details

Name

PHOCAM IN VEREFFENING BVBA

Position

Director

Date of birth

04/05/1992

Street

95 KONTICHSTRAAT EDEGEM

Post code

2650

Country

Belgium

Name

HILDE VAN PELT

Position

Director

Street

12 KRAAIENLEI SCHOTEN

Post code

2900

Country

Belgium

 

Name

PAUL DE BACKER

Position

Director

Street

122 BAZELSTRAAT KRUIBEKE

Post code

9150

Country

Belgium

 

NEGATIVE INFORMATION

 

Court data summary

Bankruptcy details

Court action type

no

 

Contractor details Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

Personnel limit NSSO

Code

-

Description

FROM 100 TO 199 EMPLOYEES

Joint Industrial Committee (JIC)

JIC Code

116

Description

Joint committee for the chemical industry

category

 

            Contractor details Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

Personnel limit NSSO

Code

-

Description

FROM 100 TO 199 EMPLOYEES

Joint Industrial Committee (JIC)

JIC Code

116

Description

Joint committee for the chemical industry

category

 

 

NSSO details

Business number

403835645

Bankruptcy details

There is no bankruptcy data against this company

 

 

court data

there is no data for this company

 

SHARE & SHARE CAPITAL INFORMATION

 

Minority Shareholders

Business number

Company name

 

%

Date of accounts

419431265

Apotheek Christel de Meester NV

 

-

31/12/2010

435552467

Voxdale NV

 

-

31/12/2010

412402527

Kela Veterinaria NV

 

18.55

31/12/2010

 

PAYMENT INFORMATION

 

Payment expectations

Past payments

 

Payment expectation days

56.64

Industry average payment expectation days

74.70

Industry average day sales outstanding

115.98

Day sales outstanding

58.81

Export accounts to CSV file

comparison mode

average

median

 

Suspension of payments / moratorium history

Amount

-

Details

-

Payment expectations

Payment expectation days

56.64

Day sales outstanding

58.81

Industry comparison

Activity code

21201

Activity description

Manufacture of artificial fertilisers

Industry average payment expectation days

74.70

Industry average day sales outstanding

115.98

Industry quartile analysis

Payment expectations

View graph

Company result

56.64

Lower

118.52

Median

73.29

Upper

46.15

Day sales outstanding

View graph

Company result

58.81

Lower

78.51

Median

49.93

Upper

35.88

 

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate holding company

 

Company name

 

Company Number

Kempisch Laboratorium - Kela Laboratoria NV

 

403835645

 

Summary

Group - Number of Companies

2

Linkages - Number of Companies

3

Number of Countries

1

 

Group Structure

Click the company to view / order a report.

 

Company name

 

Number

Latest
financials

- KEMPISCH LABORATORIUM - KELA LABORATORIA...

 

403835645

31-12-2010

- - ANUPCO LTD SOC.ETR. E.P.B.

 

 

 

 

Linked Companies

Click the company to view / order a report.

 

Name

 

number

Latest Key financials

Turnover

KELA VETERINARIA NV

 

412402527

31.12.2010

€9.435.635

APOTHEEK CHRISTEL DE MEESTER NV

 

419431265

31.12.2010

-

VOXDALE NV

 

435552467

31.12.2010

-

 

FINANCIAL INFORMATION

 

Accounts & ratios

Date of latest accounts

Turnover

Profit Before Tax

Net worth

31/12/2010

29,841,192

1,108,830

6,297,338

31/12/2009

28,700,892

-690,457

5,479,227

31/12/2008

26,917,271

-1,180,140

5,965,202

Accounts & ratios

Date of latest accounts

Balance Total

Investments

Capital

Cash Flow

Number of Employees

31/12/2010

31,338,359

5,016,272

8,927,302

384,586

133

31/12/2009

32,566,945

5,015,991

8,927,302

991,833

138

31/12/2008

34,886,772

5,015,585

8,927,302

260,914

144

 

Profit & loss

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

29,841,192

3.97

28,700,892

6.63

26,917,271

186,421,894

-83.99

Total operating expenses

28,081,588

-1.41

28,481,992

5.96

26,880,847

150,822,272

-81.38

Operating result

1,759,604

703

218,900

500

36,424

15,300,447

-88.50

Total financial income

962,703

58.11

608,882

62.11

375,593

2,711,979

-64.50

Total financial expenses

1,613,477

6.27

1,518,239

-4.64

1,592,157

906,440

78.00

Results on ordinary operations before taxation

1,108,830

160

-690,457

58.51

-1,180,140

16,864,249

-93.42

Taxation

24

60.0

15

-99

17,164

2,142,043

-99

Results on ordinary operations after taxation

1,108,806

160

-690,472

57.67

-1,197,304

15,270,171

-92.74

Extraordinary items

21,836

54.23

14,158

-98.72

1,106,729

-532,002

4.10

Other appropriations

0

-

0

-

0

-

-

Net result

1,130,642

167

-676,314

-646

-90,575

14,744,676

-92.33

other information

Dividends

611,810

-

-

-

-

1,458,570

-58.05

Director remuneration

-

-

-

-

-

1,094,855

-

Employee costs

7,107,066

-4.61

7,450,564

-0.64

7,498,716

21,351,266

-66.71

Wages and salary

4,742,834

-4.78

4,981,152

-0.63

5,012,814

15,011,167

-68.40

Employee pension costs

-

-

21,929

-

-

2,804,808

-

Social security contributions

1,823,777

-3.41

1,888,146

-0.30

1,893,814

4,504,062

-59.51

Other employee costs

540,455

-3.38

559,337

-5.53

592,088

1,244,605

-56.58

Amortization and depreciation

2,964,148

-1.79

3,018,056

1.89

2,961,951

25,240,600

-88.26

 

balance sheet

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

3,587,494

-

3,886,773

-

4,077,112

59,680,021

-93.99

Tangible fixed assets

12,037,070

-5.50

12,737,147

-5.95

13,543,141

31,377,587

-61.64

Land & building

8,789,872

-0.82

8,862,262

-1.30

8,978,553

15,565,929

-43.53

Plant & machinery

1,915,997

71.47

1,117,398

3.72

1,077,362

10,563,973

-81.86

Other tangible assets

1,331,201

-51.72

2,757,487

-20.93

3,487,226

11,547,222

-88.47

Financial fixed assets

5,016,272

0.01

5,015,991

0.01

5,015,585

59,511,221

-91.57

Total fixed assets

20,640,836

-4.62

21,639,911

-4.40

22,635,838

142,070,051

-85.47

Inventories

4,205,809

30.36

3,226,216

-21.90

4,131,014

29,644,966

-85.81

Raw materials & consumables

2,180,504

2.61

2,125,061

-13.02

2,443,145

25,454,551

-91.43

Work in progress

1,007,125

13.63

886,353

-25.61

1,191,563

9,800,188

-89.72

Finished goods

1,018,180

374

214,802

-56.72

496,306

5,270,531

-80.68

Other stocks

0

-

0

-

0

134,312

-100

Trade debtors

4,807,743

-9.39

5,305,992

-19.03

6,552,658

23,450,058

-79.50

Cash

384,586

-61.22

991,833

280

260,914

1,199,461

-67.94

other amounts receivable

363,670

-45.44

666,554

10.99

600,545

35,719,883

-98.98

Miscellaneous current assets

935,715

27.06

736,439

4.34

705,803

61,671,307

-98.48

Total current assets

10,697,523

-2.10

10,927,034

-10.81

12,250,934

143,701,581

-92.56

current liabilities

Trade creditors

4,357,391

-37.26

6,945,390

6.55

6,518,456

21,240,174

-79.49

Short term group loans

-

-

-

-

-

-

-

Other short term loans

13,575,691

1.23

13,410,156

-7.03

14,424,785

10,860,240

25.00

Miscellaneous current liabilities

2,144,729

108

1,026,887

-7.35

1,108,313

-73.54

- -

Total current liabilities

20,077,811

-6.10

21,382,433

-3.03

22,051,554

39,466,320

-49.13

Long term debts

Long term group loans

-

-

-

-

-

-

- -

Other long term loans

1,267,061

-22.95

1,644,396

-40.12

2,746,315

-72.66

- -

Other long term liabilities

108,655

-37.60

174,116

273

46,589

4,374,375

-97.52

Total long term debts

1,375,716

-24.35

1,818,512

-34.89

2,792,904

6,637,867

-79.27

shareholders equity

Issued share capital

8,927,302

0

8,927,302

0

8,927,302

101,512,564

-91.21

Share premium account

-

-

-

-

-

187,307,546

-

Reserves

334,352

181

-184,480

-137

491,834

105,470,350

-99

Revaluation reserve

623,178

0

623,178

0

623,178

4,013,649

-84.47

Total shareholders equity

9,884,832

5.54

9,366,000

-6.73

10,042,314

231,407,559

-95.73

Working capital

-9,380,288

89.72

-10,455,399

-6.68

-9,800,620

104,235,261

-108

Net worth

6,297,338

14.93

5,479,227

-8.15

5,965,202

171,727,538

-96.33

 

ratio analysis

 

Annual accounts

31-12-2010

change(%)

31-12-2009

change(%)

31-12-2008

Industry average
2010

%

Trading performance

Profit Before Tax

3.72

154

-2.41

55.02

-4.38

31,00

-88.00

Return on capital employed

9.85

159

-6.17

67.14

-9.19

11,00

-10.45

Return on total assets employed

3.54

166

-2.12

62.72

-3.38

-73,00

4.85

Return on net assets employed

11.22

152

-7.37

62.72

-11.75

-16,00

70.12

Sales / net working capital

-3.18

-15.64

-2.75

0

-2.75

7,00

-100

Stock turnover ratio

14.09

25.36

11.24

-26.78

15.35

18,00

-21.72

Debtor days

58.81

-12.85

67.48

-24.05

88.85

95,00

-38.09

Creditor days

56.64

-36.37

89.01

0.56

88.51

31,00

82.71

short term stability

Current ratio

0.53

3.92

0.51

-8.93

0.56

46,00

-47.00

Liquidity ratio / acid ratio

0.32

-11.11

0.36

-2.70

0.37

45,00

-99

Current debt ratio

2.03

-10.96

2.28

3.64

2.20

1,00

103

Liquidity ratio reprocessed

-

-

-

-

-

-

-

long term stability

Gearing

150.16

-6.58

160.74

-5.99

170.99

162,00

-7.31

Equity in percentage

35.62

9.06

32.66

0.21

32.59

-201,00

17.72

Total debt ratio

2.17

-12.50

2.48

0.40

2.47

1,00

117

 

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

Trends

 

Profitability

 

 

 

Liquidity

 

 

 

Net worth

 

 

 

 

Rating History

no rating history data found

 

Limit History

no limit history data found

 

Industry comparison

Activity code

21201

Activity description

Manufacture of artificial fertilisers

industry average credit rating

70.59

Industry average credit limit

1068185.57

 

Minority Interests

No minority interests found

 

Companies that match this address

Business number

Company name

Date of accounts

413676987

PHENIX PROPERTY NV

31/07/2011

 

NOTES & COMMENTS

 

Na

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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%)

 

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.