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Report Date : |
27.08.2013 |
IDENTIFICATION DETAILS
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Name : |
DH-GROUP NV |
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Registered Office : |
Zeilstraat 5
Hasselt 3500 |
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Country : |
Belgium |
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Financials (as on) : |
2012 |
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Date of Incorporation : |
15.12.1995 |
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Com. Reg. No.: |
456843571 |
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Legal Form : |
Public Limited Liability Company (BE) |
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Line of Business : |
Wholesaler of Seamless Stainless Steel Tubes. |
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No. of Employees : |
58 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 1.8%, the unemployment rate decreased slightly to 7.2% 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 and 3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative growth. This brought economic growth for the whole of 2012 to negative 0.2%. It also left Belgium on the brink of a possible recession at the end of 2012. However, at year's end, the government appeared close to meeting its 2012 budget deficit goal of 3% of GDP. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 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 retail arm of a Franco-Belgian bank.
Source
: CIA
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Company Name DH-GROUP NV Company Registration 456843571 Number er |
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Country BE |
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Activity Code 43390
Activity
Description Wholesaler of
Seamless Stainless Steel Tubes Stainless Steel
Tubes. completion |
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Company Status Active
Latest
Turnover 47,318,252.00 (EUR) |
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||
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Credit Limit 660,000.00 (EUR) Latest Shareholders
Equity
6,995,086.00 (EUR) |
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Profit 761,378.00 Before (EUR) Tax |
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Activities
Activity Code 43390
Activity
Description Wholesaler of Seamless Stainless Steel Tubes.
Basic Information
Company Name DH-GROUP NV
Registered Company Name DH-GROUP NV
Company Registration Number 456843571
Country BE
VAT Registration Number BE.0456.843.571
VAT Registration Date
Date of Company Registration 15/12/1995
Date of Starting
Operations 15/12/1995
Commercial Court
Legal Form Public Limited
Liability Company (BE)
Type of Ownership
Company Status Active
Principal Activity Code 43390
Principal Activity Description Wholesaler of
Seamless Stainless Steel Tubes.
Contact address Zeilstraat
5 hasselt 350
Contact Telephone Number 011/224327
Address ZEILSTRAAT 5 HASSELT
3500
Country BE
Telephone 011/224327
Name DANNY VAN WINKEL
Address 7
LAAGSIMSESTRAAT ALKEN
Date of Birth 16/05/1967
Position Director
Date Appointed 31/03/2010
Name IVAN VICTOR ALBERT VAN DE WIELE
Address 9 KLEINE DAELVENNE BERLARE
Date of Birth 18/03/1966
Position Director
Date Appointed
31/03/2010
Name LBX-INVES
Address 10SCHEUTBOS KAPRIJKE
Date of Birth 17/03/2008
Position Legal Representative
Date Appointed 16/05/2012
Name LBX-INVEST BVBA
Address 10 SCHEUTBOS KAPRIJKE
Date of Birth 17/03/2008
Position Legal Representative
Date Appointed 16/05/2012
Name R.L.E.-INVEST NV
Address 10 SCHEUTBOS KAPRIJKE
Date of Birth 05/02/2004
Position Managing Director
Date Appointed 26/04/2011
Name R.L.E BVBA
Address 10 SCHEUTBOS KAPRIJKE
Date of Birth 27/02/1996
Position Chairman of the Board
Date Appointed 01/12/2008
Share Capital Structure
Issued Share capital 61,973.00 (EUR)
Year 2012
Number of Employees
58
Profit & Loss
Financial Year
2012 2011 2010
Number of Weeks 52 78 77
Currency EUR EUR EUR
Revenue 47,318,252.00 54,765,294.00 40,359,871.00
Operating Costs 46,196,781.00 54,312,743.00 39,601,556.00
Operating Profit 1,121,471.00 452,551.00 758,315.00
Wages & Salaries 2,189,921.00 2,766,567.00 2,678,350.00
Pension Costs 16,232.00 43,701.00
28,327.00
Depreciation 568,670.00 821,692.00 372,298.00
Financial Income 437,800.00 785,257.00 494,617.00
Financial Expenses 797,893.00 752,813.00 335,565.00
Profit Before Tax 761,378.00 484,995.00 917,368.00
Tax 3,012.00 -1,850.00 -224.00
Profit After Tax 758,366.00 486,845.00 917,592.00
Dividends 800,000.00 550,000.00 1,600,000.00
Other Appropriations 0.00 72,752.00
2,841,738.00
Retained Profit -41,634.00 9,597.00
2,159,330.00
Balance Sheet
Financial Year
2012 2011 2010
Number of Weeks 52 78 77
Currency EUR EUR EUR
Land & Buildings 0.00 0.00 0.00
Plant & Machinery 177,369.00 230,277.00 232,340.00
Other Tangible
Assets 3,228,305.00 3,565,264.00 3,176,945.00
Total Tangible Assets 3,405,674.00 3,795,541.00 3,409,285.00
Other Intangible
Assets 111,141.00 130,683.00 0.00
Total Intangible
Assets 111,141.00 130,683.00 0.00
Miscellaneous
Fixed Assets 70,224.00 37,025.00 565,943.00
Total Other Fixed Assets 70,224.00 37,025.00
565,943.00
Total Fixed Assets 3,587,039.00 3,963,249.00 3,975,228.00
Raw Materials
0.00 0.00 0.00
Work in Progress
288,716.00 1,155,055.00 115,316.00
Finished Goods 9,819,499.00 9,077,121.00 6,563,778.00
Other Inventories 1,085,059.00 0.00 0.00
Total Inventories
11,193,274.00 10,232,176.00 6,679,094.00
Trade Receivables
3,976,954.00 4,957,928.00 10,461,632.00
Miscellaneous
Receivables 2,416,724.00 749,760.00 497,386.00
Total Receivables 6,393,678.00 5,707,688.00 10,959,018.00
Cash 223,532.00 459,958.00 787,403.00
Other Current Assets
71,143.00 451,654.00 236,162.00
Total Current Assets 17,881,627.00 16,851,476.00 18,661,676.00
Total Assets 21,468,666.00 20,814,725.00 22,636,905.00
Trade Payables
6,494,897.00 5,275,424.00 5,046,389.00
Other Loans/Finance 4,994,011.00 4,885,795.00 5,660,748.00
Miscellaneous Liabilities 912,196.00 738,162.00 1,254,811.00
Total Current Liabilities
12,401,104.00 10,899,381.00 11,961,948.00
Other Loans/Finance
due after 1 2,048,789.00 2,839,068.00
3,564,758.00
Miscellaneous Liabilities
due after 1 Year
23,687.00 39,556.00
83,077.00
Total Long Term
Liabilities 2,072,476.00 2,878,624.00 3,647,834.00
Total Liabilities
14,473,580.00 13,778,005.00 15,609,782.00
Called Up Share Capital
61,973.00 61,973.00
61,973.00
Share Premium 0.00 0.00 0.00
Revenue Reserves 6,933,113.00 6,974,747.00 6,965,149.00
Other Reserves 0.00 0.00 0.00
Total Shareholders
Equity 6,995,086.00 7,036,720.00 7,027,123.00
Other Financials
Working Capital 5,480,523.00 5,952,095.00 6,699,729.00
Net Worth 6,883,945.00 6,906,037.00 7,027,123.00
Ratios
Pre-Tax Profit Margin 1.61 0.89 2.27
Return on Capital Employed 8.40 4.89 8.59
Return on Total Assets 3.55 2.33 4.05
Return on Net Assets
Employed 10.88 6.89 13.05
Sales/Net Working Capital 8.63 9.20 6.02
Stock Turnover Ratio 23.66 18.68
16.55
Debtor Days 30.68 33.04
94.61
Creditor Days 51.32 35.45
46.51
Current Ratio 1.44 1.55 1.56
Liquidity Ratio/Acid Test 0.54 0.61 1.00
Current Debt Ratio 1.77 1.55 1.70
Gearing 100.68 109.78
131.28
Equity in Percentage 32.75 34.02
31.04
Total Debt Ratio 2.07 1.96 2.22
Joint Industrial Committee
Jic Code 1
Description Joint subcommittee for the trade in metals
Jic Code 2
Description Additional national
joint committee for the employees
Significant Events
Event Date 15/11/2011
Event Description
proposal of merger by absorption filed
Event Details
Commentaar 15-11-2011: Voorstel tot geruisloze fusie naar aanleiding van de met fusie door overneming gelijkgestelde
verrichting waarbij de naamloze
vennootschap 'Seaminox', met zetel te 8790 Waregem, Lepelboomstraat
15, Rpr Kortrijk en me
Event Date 15/11/2011
Event Description
proposal of merger by absorption filed
Event Details
t
BTWnummer BE 0888.08.894, overgenomen wordt door de naamloze vennootschap
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.23 |
|
|
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.85.93 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.