MIRA INFORM REPORT
|
Report Date : |
21.09.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
BETONFABRIEK FRANS COECK NV |
|
|
|
|
Registered Office : |
De Laetstraat 6 Niel, Post Code 2845 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
01.03.1960 |
|
|
|
|
Com. Reg. No.: |
403665795 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of construction materials, general assortment |
|
|
|
|
No. of Employees
: |
50 |
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 – 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 |
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 |
403665795 |
Company name |
BETONFABRIEK FRANS COECK NV |
|
Safe number |
BE00024256 |
Telephone number |
0485400140 |
|
Address |
DE LAETSTRAAT 6 NIEL |
Fax number |
038807510 |
|
Post code |
2845 |
Number of staff |
50 |
|
Date of establishment |
01/03/1960 |
|
|
|
Business number |
403665795 |
Company name |
BETONFABRIEK FRANS COECK NV |
|
Fax number |
038807510 |
Date founded |
01/03/1960 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
30/09/2010 |
|
Activity code |
46731 |
liable for VAT |
yes |
|
Activity description |
Wholesale of construction materials,
general assortment |
VAT Number |
BE.0403.665.795 |
|
Belgian Bullettin of Acts Publications |
|
|
Current director
details
|
Name |
ICO NV |
|
Position |
Director |
|
Date of birth |
16/02/1989 |
|
Street |
6 DE LAETSTRAAT NIEL |
|
Post code |
2845 |
|
Country |
Belgium |
|
Name |
ROBERT COECK |
|
Position |
Director |
|
Street |
2 BROEKLEI NIEL |
|
Post code |
2845 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Street |
2 BROEKLEI NIEL |
|
Post code |
2845 |
|
Country |
Belgium |
Former director details
|
Name |
LUDO COECK |
|
Position |
Managing Director |
|
Date of birth |
21/04/1929 |
|
Street |
66 KOEKOEKSTRAAT SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
Protested bills
|
Drawee name |
- |
|
Address |
- |
|
Bill amount |
- |
|
Bill currency |
- |
|
Maturity of bill |
- |
|
Name of drawer |
- |
|
City of drawer |
- |
NSSO details
|
Business number |
403665795 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
Bankruptcy details
|
There is no bankruptcy data against this company |
|
Court Data
|
there is no data for this company |
Court Data Summary
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
Contractor details
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
Personnel limit
NSSO
|
Code |
- |
|
Description |
FROM 50 TO 99 EMPLOYEES |
Joint Industrial
Committee (JIC)
|
JIC Code |
106.02 |
|
Description |
Joint subcommittee for the cement agglomerates |
|
category |
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee for the employees |
|
category |
|
Significant Events
|
Event Date |
21/03/2008 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 21-03-2008: Herbenoeming van de bestuurders voor een
periode van ze sjaar tot de jaarvergadering van 2014 Ludo Coeck en Robert
Coeck (beide ook als gedelegeerd bestuurders) en NV Ico |
Minority
Shareholders
|
No minority shareholders found |
Minority Interests
|
No minority interests found |
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment expectation days |
33.87 |
|
Day sales outstanding |
68.13 |
Industry
comparison
|
Activity code |
46731 |
|
Activity description |
Wholesale of construction materials, general assortment |
|
Industry average payment expectation days |
116.94 |
|
Industry average day sales outstanding |
1739.88 |
Industry quartile analysis
|
Payment expectations |
|
|
Company result |
33.87 |
|
Lower |
87.53 |
|
Median |
58.61 |
|
Upper |
35.62 |
|
|
|
|
Day sales outstanding |
|
|
Company result |
68.13 |
|
Lower |
72.85 |
|
Median |
41.67 |
|
Upper |
19.80 |
Ultimate holding
company
|
Company name |
|
Company Number |
|
Ico NV |
|
436825741 |
Summary
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
|
Company name |
|
Number |
Latest |
|
- ICO NV |
|
436825741 |
30-09-2010 |
|
- - BETONFABRIEK FRANS COECK NV |
|
403665795 |
30-09-2010 |
|
- - COVARI NV |
|
455503783 |
30-09-2010 |
Accounts &
ratios
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
|
30/09/2010 |
80,121,971 |
3,383,775 |
17,319,443 |
|
30/09/2009 |
75,577,996 |
3,251,143 |
15,222,582 |
|
30/09/2008 |
72,772,125 |
2,565,105 |
13,308,232 |
Accounts &
ratios
|
Date of latest accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of Employees |
|
30/09/2010 |
29,222,227 |
|
179,599 |
4,997,210 |
92 |
|
30/09/2009 |
27,364,455 |
|
179,599 |
4,067,133 |
96 |
|
30/09/2008 |
24,227,240 |
|
179,599 |
1,330,559 |
97 |
Profit & loss
|
Annual accounts |
30-09-2010 |
% |
30-09-2009 |
% |
30-09-2008 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
80,121,971 |
6.01 |
75,577,996 |
3.86 |
72,772,125 |
9,450,627 |
747 |
|
Total operating expenses |
75,745,230 |
5.44 |
71,839,087 |
3.07 |
69,696,915 |
9,031,684 |
738 |
|
4,376,741 |
17.06 |
3,738,909 |
21.58 |
3,075,210 |
150,937 |
2799 |
|
|
746,432 |
-2.61 |
766,440 |
-0.70 |
771,841 |
63,818 |
1069 |
|
|
1,739,398 |
38.69 |
1,254,206 |
-2.16 |
1,281,946 |
52,771 |
3196 |
|
|
3,383,775 |
4.08 |
3,251,143 |
26.75 |
2,565,105 |
157,698 |
2045 |
|
|
1,298,679 |
-4.52 |
1,360,221 |
67.76 |
810,830 |
59,295 |
2090 |
|
|
2,085,096 |
10.27 |
1,890,922 |
7.79 |
1,754,275 |
115,601 |
1703 |
|
|
12,000 |
-60.98 |
30,753 |
-64.57 |
86,800 |
43,673 |
-72.52 |
|
|
250 |
-96.79 |
7777 |
-67.54 |
23962 |
0 |
- |
|
|
2,097,346 |
8.70 |
1,929,452 |
3.45 |
1,865,037 |
158,233 |
1225 |
|
|
other information |
|||||||
|
- |
- |
- |
- |
- |
564,574 |
- |
|
|
- |
- |
- |
- |
- |
171,321 |
- |
|
|
4,913,932 |
2.87 |
4,776,850 |
9.69 |
4,354,979 |
568,717 |
764 |
|
|
3,327,822 |
4.33 |
3,189,758 |
9.29 |
2,918,528 |
404,979 |
721 |
|
|
2,647 |
- |
3,335 |
- |
6,586 |
10,426 |
-74.61 |
|
|
1,378,561 |
4.97 |
1,313,305 |
8.85 |
1,206,525 |
155,374 |
787 |
|
|
204,902 |
-24.24 |
270,452 |
21.09 |
223,340 |
22,969 |
792 |
|
|
1,000,213 |
4.64 |
955,862 |
4.34 |
916,119 |
118,103 |
746 |
|
balance sheet
|
Annual
accounts |
30-09-2010 |
% |
30-09-2009 |
% |
30-09-2008 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
0 |
- |
0 |
- |
0 |
54,098 |
-100 |
|
|
3,921,955 |
-0.91 |
3,958,002 |
3.98 |
3,806,530 |
688,292 |
469 |
|
|
236,302 |
-6.41 |
252,476 |
-6.32 |
269,501 |
669,544 |
-64.71 |
|
|
1,744,510 |
18.19 |
1,476,003 |
-4.05 |
1,538,303 |
178,956 |
874 |
|
|
1,941,143 |
-12.93 |
2,229,523 |
11.55 |
1,998,726 |
120,784 |
1507 |
|
|
- |
- |
- |
- |
- |
2,751,588 |
- |
|
|
3,921,955 |
-0.91 |
3,958,002 |
3.98 |
3,806,530 |
2,407,644 |
62.90 |
|
|
5,206,755 |
15.90 |
4,492,548 |
-3.90 |
4,674,734 |
638,263 |
715 |
|
|
4,000 |
0 |
4,000 |
0 |
4,000 |
826,451 |
-99 |
|
|
Work in
progress |
0 |
- |
0 |
- |
0 |
7,384 |
-100 |
|
5,202,755 |
15.91 |
4,488,548 |
-3.90 |
4,670,734 |
241,460 |
2054 |
|
|
0 |
- |
0 |
- |
0 |
179,828 |
-100 |
|
|
14,954,638 |
1.38 |
14,750,564 |
3.32 |
14,276,834 |
553,824 |
2600 |
|
|
Cash |
4,997,210 |
22.87 |
4,067,133 |
205 |
1,330,559 |
285,024 |
1653 |
|
139,885 |
172 |
51,249 |
-32.04 |
75,406 |
256,221 |
-45.40 |
|
|
1,784 |
-96.03 |
44,959 |
-28.84 |
63,177 |
141,380 |
-98.74 |
|
|
25,300,272 |
8.09 |
23,406,453 |
14.62 |
20,420,710 |
1,682,198 |
1404 |
|
|
current liabilities |
|||||||
|
7,029,395 |
-13.00 |
8,079,405 |
2.21 |
7,904,634 |
422,304 |
1564 |
|
|
- |
- |
- |
- |
- |
0 |
- |
|
|
403,402 |
10.85 |
363,925 |
4.57 |
348,014 |
303,439 |
32.94 |
|
|
2,427,654 |
7.32 |
2,262,173 |
21.97 |
1,854,622 |
584 |
- - |
|
|
9,860,451 |
-7.89 |
10,705,503 |
5.92 |
10,107,270 |
1,064,333 |
826 |
|
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
31,609 |
-92.52 |
422,645 |
-46.27 |
786,571 |
-94.00 |
- - |
|
Other long term liabilities |
2,010,724 |
98.35 |
1,013,725 |
3927 |
25,167 |
68,071 |
2853 |
|
2,042,333 |
42.19 |
1,436,370 |
76.95 |
811,738 |
388,153 |
426 |
|
|
shareholders equity |
|||||||
|
179,599 |
0 |
179,599 |
0 |
179,599 |
1,601,044 |
-88.78 |
|
|
316,188 |
0 |
316,188 |
0 |
316,188 |
39,164 |
707 |
|
|
16,823,656 |
14.24 |
14,726,795 |
14.94 |
12,812,445 |
872,172 |
1828 |
|
|
- |
- |
- |
- |
- |
481,296 |
- |
|
|
Total shareholders equity |
17,319,443 |
13.77 |
15,222,582 |
14.38 |
13,308,232 |
2,498,883 |
593 |
|
15,439,821 |
21.56 |
12,700,950 |
23.15 |
10,313,440 |
617,865 |
2398 |
|
|
17,319,443 |
13.77 |
15,222,582 |
14.38 |
13,308,232 |
2,444,785 |
608 |
|
ratio analysis
|
Annual accounts |
30-09-2010 |
change(%) |
30-09-2009 |
change(%) |
30-09-2008 |
Industry average |
% |
|
Trading performance |
|||||||
|
Profit Before Tax |
4.22 |
-1.86 |
4.30 |
22.16 |
3.52 |
-440,00 |
0.96 |
|
17.48 |
-10.45 |
19.52 |
7.43 |
18.17 |
47,00 |
-62.81 |
|
|
11.58 |
-2.53 |
11.88 |
12.18 |
10.59 |
-1,00 |
1158 |
|
|
19.54 |
-8.52 |
21.36 |
10.85 |
19.27 |
40,00 |
-51.15 |
|
|
5.19 |
-12.77 |
5.95 |
-15.72 |
7.06 |
16,00 |
-99 |
|
|
6.50 |
9.43 |
5.94 |
-7.48 |
6.42 |
21,00 |
-69.05 |
|
|
68.13 |
-4.37 |
71.24 |
-0.52 |
71.61 |
3.790,00 |
-98.20 |
|
|
33.87 |
-17.49 |
41.05 |
-0.85 |
41.40 |
261,00 |
-87.02 |
|
|
short term stability |
|||||||
|
2.57 |
17.35 |
2.19 |
8.42 |
2.02 |
6,00 |
157 |
|
|
2.04 |
15.25 |
1.77 |
13.46 |
1.56 |
5,00 |
-59.20 |
|
|
0.57 |
-18.57 |
0.70 |
-7.89 |
0.76 |
1,00 |
-43.00 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term stability |
|||||||
|
2.51 |
-51.45 |
5.17 |
-39.39 |
8.53 |
54,00 |
-95.35 |
|
|
59.27 |
6.54 |
55.63 |
1.27 |
54.93 |
-121,00 |
48.98 |
|
|
0.69 |
-13.75 |
0.80 |
-2.44 |
0.82 |
1,00 |
-31.00 |
|
Na
Industry
comparison
|
Activity code |
46731 |
|
Activity description |
Wholesale of construction materials, general assortment |
Companies that
match this address
|
Business number |
Company name |
Date of accounts |
|
436825741 |
ICO NV |
30/09/2010 |
|
455503783 |
COVARI NV |
30/09/2010 |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.87.91 |
|
Euro |
1 |
Rs.70.57 |
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.