|
Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
DESCHACHT PLASTICS BELGIUM NV |
|
|
|
|
Registered Office : |
Antwerpsesteenweg 1068 Gent, Post Code 9041 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.02.2004 |
|
|
|
|
Com. Reg. No.: |
863771043 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of chemical products for industrial use |
|
|
|
|
No. of Employees : |
76 employees |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Belgium - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7%
from 8.3% the previous year, and the government reduced the budget deficit from
a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement
in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian arm of a Franco-Belgian bank. An ageing population and rising
social expenditures are mid- to long-term challenges to public finances.
|
Source : CIA |
|
Business number |
863771043 |
Company name |
DESCHACHT PLASTICS BELGIUM NV |
|
|
|
Telephone number |
093557454 |
|
Address |
ANTWERPSESTEENWEG 1068 GENT |
Fax number |
093557679 |
|
Post code |
9041 |
Number of staff |
76 |
|
Date of
establishment |
27/02/2004 |
|
|
Current director
details
|
Name |
|
|
Position |
Director |
|
Date of birth |
02/12/1971 |
|
Street |
184 HILLE WINGENE |
|
Post code |
8750 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Legal Representative |
|
Date of birth |
02/12/1971 |
|
Street |
184 HILLE WINGENE |
|
Post code |
8750 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Date of birth |
24/02/2004 |
|
Street |
1068 ANTWERPSESTEENWEG GENT |
|
Post code |
9041 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Date of birth |
24/02/2004 |
|
Street |
1068 ANTWERPSESTEENWEG GENT |
|
Post code |
9041 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Legal Representative |
|
Date of birth |
24/02/2004 |
|
Street |
1068 ANTWERPSESTEENWEG GENT |
|
Post code |
9041 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Legal Representative |
|
Date of birth |
11/03/2003 |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Date of birth |
11/03/2003 |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Date of birth |
11/03/2003 |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Chairman of the Board |
|
Date of birth |
01/01/1987 |
|
Street |
60 ALPHONSE VANDENPEEREBOOMSTRAAT BRUSSEL |
|
Post code |
1080 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Date of birth |
01/01/1987 |
|
Street |
60 ALPHONSE VANDENPEEREBOOMSTRAAT BRUSSEL |
|
Post code |
1080 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
The Netherlands |
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
|
|
Position |
Legal Representative |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
Former director
details
|
Name |
|
|
Position |
Director |
|
Date of birth |
16/03/2000 |
|
Street |
56 EDMOND TOLLENAERESTRAAT BRUSSEL |
|
Post code |
1020 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Chairman of the Board |
|
Date of birth |
16/03/2000 |
|
Street |
56 EDMOND TOLLENAERESTRAAT BRUSSEL |
|
Post code |
1020 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Date of birth |
19/12/2002 |
|
Street |
23 ANTWERPSESTEENWEG SINT-KATELIJNE-WAVER |
|
Post code |
2860 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Chairman of the Board |
|
Date of birth |
19/12/2002 |
|
Street |
23 ANTWERPSESTEENWEG SINT-KATELIJNE-WAVER |
|
Post code |
2860 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Street |
73 GUYOTDREEF BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Street |
31 KERKSTRAAT |
|
Post code |
5527 |
|
Country |
The Netherlands |
|
Bankruptcy
details |
|
|
Court action
type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
|
Business number |
863771043 |
Company name |
DESCHACHT PLASTICS BELGIUM NV |
|
Fax number |
093557679 |
Date founded |
27/02/2004 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2011 |
|
Activity code |
46751 |
liable for VAT |
yes |
|
Activity
description |
Wholesale of chemical products for
industrial use |
VAT Number |
BE.0863.771.043 |
|
Belgian
Bullettin of Acts Publications |
|
|
Contractor details
|
Registered
contractor number |
- |
||
|
Contractor
description |
- |
||
|
Date struck off
register |
|
|
|
Bankruptcy details
|
There is no bankruptcy data against this company |
Court data
|
there is no data for this company |
Minority
Shareholders
|
Business number |
Company name |
|
% |
Date of accounts |
|
|
33.33 |
30/09/2011 |
||
|
|
33.33 |
30/09/2011 |
||
|
|
33.33 |
30/09/2011 |
||
|
|
33.33 |
30/09/2011 |
||
|
|
33.33 |
30/09/2011 |
||
|
|
33.33 |
30/09/2011 |
||
|
|
25 |
30/06/2011 |
||
|
|
25 |
30/06/2011 |
Minority Interests
|
No minority interests found |
|
Past payments |
|
Payment expectation days |
8.23 |
|
Industry average payment expectation days |
64.55 |
Industry average day sales outstanding |
86.12 |
|
Day sales outstanding |
61.62 |
||
Industry
comparison
|
Activity code |
46751 |
|
Activity description |
Wholesale of chemical products for industrial use |
|
industry average credit rating |
69 |
|
Industry average credit limit |
167313.70 |
Suspension of payments /
moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment expectation days |
8.23 |
|
Day sales outstanding |
61.62 |
Industry
comparison
|
Activity code |
46751 |
|
Activity description |
Wholesale of chemical products for industrial use |
|
Industry average payment expectation days |
64.55 |
|
Industry average day sales outstanding |
86.12 |
Industry quartile
analysis
|
Payment expectations |
|
|
Company result |
8.23 |
|
Lower |
91.62 |
|
Median |
63.15 |
|
Upper |
42.09 |
|
Day sales outstanding |
|
|
Company result |
61.62 |
|
Lower |
70.60 |
|
Median |
43.45 |
|
Upper |
25.92 |
|
Company name |
|
Company Number |
|
|
- |
|
- |
No linked companies have been found. |
Summary
|
Group - Number
of Companies |
0 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
Group Structure
|
No group structure for this company. |
|
Date of latest
accounts |
Turnover |
Profit Before
Tax |
Net worth |
|
31/12/2011 |
63,578,041 |
7,126,672 |
8,810,167 |
|
31/12/2010 |
50,333,268 |
3,979,795 |
12,202,962 |
|
31/12/2009 |
41,387,864 |
3,696,322 |
9,325,480 |
|
Date of latest
accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of
Employees |
|
31/12/2011 |
25,023,213 |
501,245 |
1,900,458 |
878,038 |
76 |
|
31/12/2010 |
23,919,646 |
193,222 |
7,000,458 |
1,079,987 |
73 |
|
31/12/2009 |
20,094,388 |
145,009 |
7,000,458 |
386,951 |
66 |
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
63,578,041 |
26.31 |
50,333,268 |
21.61 |
41,387,864 |
56,082,320 |
13.37 |
|
Total operating expenses |
57,143,386 |
21.98 |
46,845,837 |
22.69 |
38,183,279 |
53,986,817 |
5.85 |
|
6,434,655 |
84.51 |
3,487,431 |
8.83 |
3,204,585 |
818,910 |
685 |
|
|
1,221,810 |
30.56 |
935,794 |
12.54 |
831,554 |
482,417 |
153 |
|
|
529,793 |
19.48 |
443,430 |
30.49 |
339,817 |
506,973 |
4.50 |
|
|
7,126,672 |
79.07 |
3,979,795 |
7.67 |
3,696,322 |
768,480 |
827 |
|
|
2,120,041 |
123 |
946,881 |
-20.47 |
1,190,623 |
228,409 |
828 |
|
|
5,006,631 |
65.08 |
3,032,914 |
21.04 |
2,505,699 |
597,977 |
737 |
|
|
-88,980 |
-2.75 |
-86,599 |
45.06 |
-192,172 |
-19,206 |
-363 |
|
|
2550.20 |
-11.76 |
2890.10 |
-59.52 |
7139.30 |
- |
- |
|
|
4,920,201 |
66.83 |
2,949,205 |
27.08 |
2,320,666 |
578,928 |
749 |
|
|
other
information |
|||||||
|
2,500,000 |
202 |
825,777 |
-81.11 |
4,372,197 |
1,371,876 |
82.23 |
|
|
32,045 |
-92.91 |
452,184 |
-15.93 |
537,897 |
263,756 |
-87.85 |
|
|
4,627,517 |
14.48 |
4,042,301 |
25.58 |
3,218,806 |
1,204,568 |
284 |
|
|
3,000,791 |
13.76 |
2,637,865 |
25.06 |
2,109,242 |
854,813 |
251 |
|
|
- |
- |
- |
- |
- |
70,489 |
- |
|
|
1,079,669 |
14.49 |
943,043 |
28.27 |
735,178 |
253,682 |
325 |
|
|
547,058 |
18.57 |
461,393 |
23.24 |
374,386 |
82,002 |
567 |
|
|
1,319,880 |
-16.99 |
1,590,077 |
22.37 |
1,299,358 |
283,195 |
366 |
|
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
469,918 |
- |
561,875 |
- |
1,463,776 |
69,696 |
574 |
|
|
1,897,996 |
-10.91 |
2,130,424 |
4.15 |
2,045,524 |
1,318,167 |
43.99 |
|
|
- |
- |
- |
- |
- |
746,078 |
- |
|
|
177,842 |
-39.98 |
296,317 |
-37.62 |
475,005 |
1,158,946 |
-84.65 |
|
|
1,720,154 |
-6.21 |
1,834,107 |
16.78 |
1,570,519 |
123,260 |
1295 |
|
|
501,245 |
159 |
193,222 |
33.25 |
145,009 |
3,511,382 |
-85.73 |
|
|
2,869,160 |
-0.57 |
2,885,521 |
-21.04 |
3,654,308 |
3,665,040 |
-21.72 |
|
|
9,949,651 |
9.04 |
9,124,445 |
3.65 |
8,802,881 |
3,101,377 |
220 |
|
|
- |
- |
- |
- |
- |
3,146,896 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
51,075 |
-100 |
|
9,855,196 |
9.19 |
9,025,731 |
3.17 |
8,747,987 |
1,532,442 |
543 |
|
|
94,455 |
-4.31 |
98,714 |
79.83 |
54,894 |
137,943 |
-31.53 |
|
|
10,733,251 |
32.46 |
8,103,074 |
15.52 |
7,014,646 |
3,279,682 |
227 |
|
|
Cash |
878,038 |
-18.70 |
1,079,987 |
179 |
386,951 |
613,005 |
43.24 |
|
442,424 |
-81.69 |
2,416,055 |
1280 |
174,998 |
2,123,044 |
-79.16 |
|
|
150,689 |
-51.48 |
310,564 |
412 |
60,604 |
2,571,442 |
-94.14 |
|
|
22,154,053 |
5.32 |
21,034,125 |
27.94 |
16,440,080 |
10,563,249 |
109 |
|
|
current
liabilities |
|||||||
|
1,288,838 |
-25.75 |
1,735,844 |
77.62 |
977,279 |
2,737,614 |
-52.92 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
7,230,192 |
71.14 |
4,224,798 |
96.61 |
2,148,857 |
2,252,554 |
220 |
|
|
4,991,356 |
94.22 |
2,569,930 |
1.59 |
2,529,724 |
190 |
- - |
|
|
13,510,385 |
58.38 |
8,530,573 |
50.83 |
5,655,860 |
6,597,390 |
104 |
|
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
1,960,982 |
-23.87 |
2,575,676 |
-28.81 |
3,617,822 |
-14.52 |
- - |
|
Other long term liabilities |
271,760 |
459 |
48,560 |
54.40 |
31,451 |
285,245 |
-4.73 |
|
2,232,742 |
-14.92 |
2,624,237 |
-28.09 |
3,649,273 |
1,233,065 |
81.07 |
|
|
shareholders
equity |
|||||||
|
1,900,458 |
-72.85 |
7,000,458 |
0 |
7,000,458 |
3,804,661 |
-50.05 |
|
|
- |
- |
- |
- |
- |
6,745,774 |
- |
|
|
7,379,628 |
28.02 |
5,764,380 |
52.14 |
3,788,798 |
1,974,897 |
273 |
|
|
- |
- |
- |
- |
- |
224,160 |
- |
|
|
Total shareholders equity |
9,280,085 |
-27.30 |
12,764,837 |
18.31 |
10,789,255 |
6,070,905 |
52.86 |
|
8,643,668 |
-30.87 |
12,503,552 |
15.94 |
10,784,220 |
3,965,859 |
117 |
|
|
8,810,167 |
-27.80 |
12,202,962 |
30.86 |
9,325,480 |
6,001,210 |
46.81 |
|
|
Annual accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry average |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
11.21 |
41.72 |
7.91 |
-11.42 |
8.93 |
-42,00 |
26.69 |
|
61.90 |
139 |
25.86 |
1.02 |
25.60 |
-43,00 |
143 |
|
|
28.48 |
71.15 |
16.64 |
-9.52 |
18.39 |
4,00 |
612 |
|
|
76.80 |
146 |
31.18 |
-8.99 |
34.26 |
25,00 |
207 |
|
|
7.36 |
82.63 |
4.03 |
4.95 |
3.84 |
11,00 |
-99 |
|
|
15.65 |
-13.68 |
18.13 |
-14.76 |
21.27 |
15,00 |
4.33 |
|
|
61.62 |
4.87 |
58.76 |
-5.01 |
61.86 |
97,00 |
-36.47 |
|
|
8.23 |
-39.13 |
13.52 |
44.75 |
9.34 |
5,00 |
64.60 |
|
|
short term
stability |
|||||||
|
1.64 |
-33.60 |
2.47 |
-15.12 |
2.91 |
10,00 |
-45.33 |
|
|
0.90 |
-35.71 |
1.40 |
3.70 |
1.35 |
10,00 |
-91.00 |
|
|
1.46 |
117 |
0.67 |
28.85 |
0.52 |
3,00 |
-51.33 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
99.04 |
85.89 |
53.28 |
-0.32 |
53.45 |
180,00 |
-44.98 |
|
|
37.80 |
-30.83 |
54.65 |
-5.63 |
57.91 |
-44,00 |
85.91 |
|
|
1.70 |
95.40 |
0.87 |
1.16 |
0.86 |
5,00 |
-66.00 |
|
Personnel limit
NSSO
|
Code |
- |
|
Description |
FROM 50 TO 99 EMPLOYEES |
Joint Industrial
Committee (JIC)
|
JIC Code |
116 |
|
Description |
Joint committee for the chemical industry |
|
category |
|
|
JIC Code |
207 |
|
Description |
Joint committee for the employees off he chemical industry |
|
category |
|
Significant Events
|
Event Date |
26/01/2011 |
|
Event
Description |
|
|
Event Details |
Splitsing van het aantal aandelen in 6.000 nieuwe
aandelen. |
Protested bills
|
Drawee name |
- |
|
Address |
- |
|
Bill amount |
- |
|
Bill currency |
- |
|
Maturity of bill |
- |
|
Name of drawer |
- |
|
City of drawer |
- |
NSSO details
|
Business number |
863771043 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.08 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.