|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHETRON SOBEMI EUROPE P/A BTW-KA NV |
|
|
|
|
Registered Office : |
Groenstraat 3, 2547 Lint |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
08.06.2005 |
|
|
|
|
Com. Reg. No.: |
874391949 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Manufacturer & sales
of printed metal sheets & metal packaging batteries. |
|
|
|
|
No. of Employees : |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
TATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 |
|
Business number |
874391949 |
|
Company name |
SHETRON SOBEMI EUROPE P/A BTW-KA NV |
|
Address |
GROENSTRAAT 3 |
|
|
2547 LINT |
|
Number of staff |
55 |
|
Date of establishment |
08/06/2005 |
|
Telephone number |
034602200 |
|
Fax number |
034540912 |
Current director
details
|
Name |
|
|
Position |
Chairman of the Board |
|
Start Date |
08/06/2005 |
|
Date of birth |
03/06/1943 |
|
Street |
0 DIVYA, DR.RS JAIN MARG, GANDHI GRAM ROAD, JUHU |
|
Post code |
400049 |
|
Country |
India |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
08/06/2005 |
|
Date of birth |
03/06/1943 |
|
Street |
0 DIVYA, DR.RS JAIN MARG, GANDHI GRAM ROAD, JUHU |
|
Post code |
400049 |
|
Country |
India |
Former director
details
|
Name |
|
|
Position |
Director |
|
Start Date |
28/11/2005 |
|
End Date |
02/06/2011 |
|
Date of birth |
06/11/1977 |
|
Street |
6 RUBENSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
08/06/2005 |
|
End Date |
31/12/2011 |
|
Street |
|
|
Post code |
|
|
Country |
India |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
08/06/2005 |
|
End Date |
02/06/2011 |
|
Date of birth |
03/06/1943 |
|
Street |
0 DIVYA, DR.RS JAIN MARG, GANDHI GRAM ROAD, JUHU |
|
Post code |
400049 |
|
Country |
India |
Court data summary
|
Bankruptcy details |
|
|
Court action type |
|
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
|
Business number |
874391949 |
Company name |
SHETRON SOBEMI EUROPE P/A BTW-KA NV |
|
Fax number |
034540912 |
Date founded |
08/06/2005 |
|
Company status |
court
action |
Company type |
Public Limited Liability Company
(BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2011 |
|
Activity code |
25999 |
liable for VAT |
yes |
|
Activity description |
Manufacturer & sales
of printed metal sheets & metal packaging batteries. |
VAT Number |
BE.0874.391.949 |
|
Belgian Bullettin of Acts
Publications |
|
|
NSSO details
|
Business
number |
874391949 |
Bankruptcy details
|
There is no bankruptcy data against this company |
Minority
Shareholders
|
No minority shareholders found |
Minority Interests
|
No minority interests found |
Payment
expectations
|
Past payments |
|
Payment
expectation days |
69.55 |
|
Industry
average payment expectation days |
68.18 |
Industry
average day sales outstanding |
107 |
|
Day sales outstanding |
59.41 |
||
Industry
comparison
|
Activity
code |
25999 |
|
Activity
description |
Manufacturer & sales
of printed metal sheets & metal packaging batteries. |
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment
expectation days |
69.55 |
|
Day
sales outstanding |
59.41 |
Industry
comparison
|
Activity
code |
25999 |
|
Activity
description |
Manufacturer & sales
of printed metal sheets & metal packaging batteries. |
|
Industry
average payment expectation days |
68.18 |
|
Industry
average day sales outstanding |
107 |
Industry quartile
analysis
|
Payment expectations |
|
|
Company
result |
69.55 |
|
Lower |
104.95 |
|
Median |
63.92 |
|
Upper |
37.18 |
|
Day sales outstanding |
|
|
Company
result |
59.41 |
|
Lower |
70.19 |
|
Median |
38.62 |
|
Upper |
17.62 |
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
No group structure for this company. |
Accounts
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2011 |
8,123,797 |
-1,133,894 |
-238,805 |
-1,580,772 |
|
31/12/2010 |
8,203,815 |
-752,269 |
900,567 |
-716,279 |
|
31/12/2009 |
7,850,524 |
-718,892 |
1,053,562 |
-966,288 |
Accounts
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2011 |
6,107,870 |
55 |
2,231,470 |
-652,382 |
|
31/12/2010 |
5,988,180 |
53 |
2,231,470 |
-321,343 |
|
31/12/2009 |
6,277,820 |
52 |
1,781,470 |
-528,562 |
Profit & loss
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
8,123,797 |
-0.98 |
8,203,815 |
4.50 |
7,850,524 |
8,655,700 |
-6.15 |
|
Total operating expenses |
9,086,350 |
3.50 |
8,779,033 |
3.37 |
8,493,029 |
8,720,516 |
4.20 |
|
-962,553 |
-67.34 |
-575,218 |
89.53 |
-642,505 |
23,956 |
-4118 |
|
|
19,355 |
-5.65 |
20,515 |
-28.90 |
28,854 |
23,996 |
-19.34 |
|
|
190,696 |
-3.48 |
197,566 |
87.73 |
105,242 |
43,436 |
339 |
|
|
-1,133,894 |
-50.73 |
-752,269 |
-4.64 |
-718,892 |
2,750 |
-41332 |
|
|
- |
- |
- |
- |
9,016 |
59,812 |
- |
|
|
-1,133,894 |
-50.73 |
-752,269 |
-3.35 |
-727,908 |
-38,802 |
-2822 |
|
|
0 |
-100 |
40,000 |
- |
0 |
-14,329 |
0 |
|
|
5816.04 |
49.11 |
3900.56 |
- |
0.00 |
- |
- |
|
|
-1,128,078 |
-59.25 |
-708,369 |
97.32 |
-727,908 |
-53,995 |
-1989 |
|
|
other information |
|||||||
|
- |
- |
- |
- |
- |
491,131 |
- |
|
|
- |
- |
- |
- |
- |
76,665 |
- |
|
|
2,615,306 |
1.54 |
2,575,625 |
2.73 |
2,507,219 |
908,448 |
187 |
|
|
1,726,442 |
1.42 |
1,702,240 |
0.67 |
1,690,884 |
630,335 |
173 |
|
|
- |
- |
- |
- |
- |
39,310 |
- |
|
|
786,786 |
3.30 |
761,653 |
6.11 |
717,827 |
247,623 |
217 |
|
|
102,077 |
-8.64 |
111,732 |
13.42 |
98,508 |
40,857 |
149 |
|
|
475,696 |
22.91 |
387,026 |
94.15 |
199,347 |
109,733 |
333 |
|
Balance sheet
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
0 |
- |
0 |
- |
0 |
15,399 |
-100 |
|
|
3,092,186 |
-13.33 |
3,567,882 |
-7.61 |
3,861,627 |
516,799 |
498 |
|
|
- |
- |
- |
- |
- |
440,602 |
- |
|
|
3,068,136 |
-13.12 |
3,531,647 |
187 |
1,227,225 |
196,050 |
1464 |
|
|
24,050 |
-33.63 |
36,235 |
184 |
12,757 |
37,205 14,523 |
-35.36 |
|
|
- |
- |
- |
- |
189 |
266,822 58,418 |
- |
|
|
0 |
- |
0 |
-100 |
2,621,456 |
14,586 |
-100 |
|
|
28,224 |
0 |
28,224 |
243 |
8,224 |
1,476,726 |
-98.09 |
|
|
3,120,410 |
-13.23 |
3,596,106 |
-7.07 |
3,869,850 |
1,458,444 |
113 |
|
|
1,195,901 |
41.73 |
843,802 |
11.41 |
757,384 |
470,238 |
154 |
|
|
269,996 |
16.34 |
232,077 |
2.97 |
225,382 |
898,528 |
-69.95 |
|
|
Work in progress |
807,233 |
93.42 |
417,347 |
176 |
151,146 |
79,195 |
919 |
|
118,673 |
-38.95 |
194,378 |
-48.96 |
380,856 |
62,326 |
90.41 |
|
|
0 |
- |
0 |
- |
0 |
115,699 |
-100 |
|
|
1,322,387 |
28.92 |
1,025,779 |
9.17 |
939,591 |
575,959 |
129 |
|
|
Cash |
120,720 |
305 |
29,768 |
-88.82 |
266,246 |
271,261 |
-55.50 |
|
47,374 |
-39.11 |
77,797 |
41.91 |
54,821 |
158,481 |
-70.11 |
|
|
301,078 |
-27.44 |
414,928 |
6.41 |
389,929 |
84,456 |
256 |
|
|
2,987,461 |
24.89 |
2,392,074 |
-0.66 |
2,407,970 |
1,410,807 |
111 |
|
|
6,107,870 |
2.00 |
5,988,180 |
-4.61 |
6,277,820 |
2,800,737 486,271 |
118 |
|
|
current liabilities |
|||||||
|
1,731,326 |
38.63 |
1,248,846 |
-2.45 |
1,280,230 |
397,567 |
335 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
1,595,867 |
86.70 |
854,766 |
-36.86 |
1,353,795 |
278,781 53,818 |
472 |
|
|
107,500 |
-38.57 |
175,000 |
- |
- |
77,368 30,985 |
38.95 |
|
|
905,772 |
59.67 |
567,285 |
18.48 |
478,785 |
21,830 - |
562 |
|
|
227,767 |
-13.22 |
262,457 |
0.39 |
261,449 |
-15.98 |
- - |
|
|
4,568,233 |
46.97 |
3,108,353 |
-7.88 |
3,374,258 |
931,625 |
390 |
|
|
Long term debts and liabilities |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
1,730,000 |
-10.13 |
1,925,000 |
4.05 |
1,850,000 |
258 |
- - |
|
Deffered taxes |
48,443 |
-10.72 |
54,259 |
- |
- |
27,683 5,000 |
74.99 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
41,793 0 |
-100 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
12,456 |
-100 |
|
1,778,443 |
-10.15 |
1,979,259 |
6.99 |
1,850,000 |
328,190 |
441 |
|
|
shareholders equity |
|||||||
|
2,231,470 |
0 |
2,231,470 |
25.26 |
1,781,470 |
287,563 |
675 |
|
|
- |
- |
- |
- |
- |
5,719,020 |
- |
|
|
-2,470,276 |
-85.61 |
-1,330,903 |
-82.84 |
-727,908 |
1,062,107 |
-332 |
|
|
- |
- |
- |
- |
- |
547,707 |
- |
|
|
Total shareholders equity |
-238,805 |
-126 |
900,567 |
-14.52 |
1,053,562 |
1,532,198 |
-115 |
|
-1,580,772 |
-120 |
-716,279 |
74.13 |
-966,288 |
479,183 |
-429 |
|
|
-652,382 |
-103 |
-321,343 |
60.80 |
-528,562 |
48,217 |
-1453 |
|
|
-238,805 |
-126 |
900,567 |
-14.52 |
1,053,562 |
1,516,799 |
-115 |
|
Ratio analysis
|
Annual accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry average |
% |
|
Trading performance |
|||||||
|
Profit Before Tax |
-13.96 |
-52.24 |
-9.17 |
-0.11 |
-9.16 |
-4,00 |
-249 |
|
-73.65 |
-181 |
-26.12 |
-5.49 |
-24.76 |
18,00 |
-509 |
|
|
-18.56 |
-47.77 |
-12.56 |
-9.69 |
-11.45 |
-10,00 |
-85.60 |
|
|
474.82 |
568 |
-83.53 |
-22.42 |
-68.23 |
26,00 |
1726 |
|
|
-5.14 |
44.89 |
-11.45 |
-41.01 |
-8.12 |
30,00 |
-100 |
|
|
14.72 |
43.05 |
10.29 |
6.63 |
9.65 |
41,00 |
-64.10 |
|
|
59.41 |
30.17 |
45.64 |
4.46 |
43.69 |
126,00 |
-52.85 |
|
|
69.55 |
33.96 |
51.92 |
-5.63 |
55.02 |
55,00 |
26.45 |
|
|
short term stability |
|||||||
|
0.65 |
-15.58 |
0.77 |
8.45 |
0.71 |
7,00 |
-67.50 |
|
|
0.39 |
-22.00 |
0.50 |
2.04 |
0.49 |
6,00 |
-93.50 |
|
|
-19.13 |
-654 |
3.45 |
7.81 |
3.20 |
2,00 |
-1056 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term stability |
|||||||
|
-1437.73 |
-538 |
328.10 |
7.90 |
304.09 |
196,00 |
-833 |
|
|
-3.91 |
-125 |
15.04 |
-10.37 |
16.78 |
-284,00 |
1.38 |
|
|
-26.58 |
-570 |
5.65 |
13.91 |
4.96 |
3,00 |
-986 |
|
Social Balance
Sheet Details
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
Full-time Employees |
49 |
|
Part-time Employees |
9 |
|
Total Fte Employees |
55 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
63,217 |
|
Part-time Employees |
8,962 |
|
Total |
72,179 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
2,290,580 |
|
Part-time Employees |
324,726 |
|
Total |
2,615,306 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting
year |
|
|
Average number employees in Fte |
54 |
|
Actual working hours |
75,157 |
|
Personnel Charges |
2,575,625 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
48 |
11 |
55 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
17 |
- |
17 |
|
Secondairy education |
25 |
6 |
29 |
|
Higher education (non
university) |
4 |
1 |
5 |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
1 |
1 |
2 |
|
Secondairy education |
- |
2 |
1 |
|
Higher education (non
university) |
1 |
1 |
2 |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
9 |
7 |
13 |
|
Blue collar worker |
39 |
4 |
42 |
|
Other |
- |
- |
- |
|
Temporary personnel |
Total |
|
Average number of temporary
staff |
1 |
|
Actual working hours |
1,455 |
|
Cost of temporary staff |
40,256 |
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
5 |
2 |
6 |
|
Leavers |
4 |
- |
4 |
|
Total of formal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
13 |
- |
|
Number of training hours |
162 |
- |
|
Net costs for enterprise |
10,095 |
- |
|
Total of less formal and
informal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
Number of employees |
13 |
- |
|
Number of training hours |
182 |
- |
|
Net costs for enterprise |
4,319 |
- |
|
Total of initial training
initiatives at the expense of the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
Personnel (NSSO
classification)
|
Code |
- |
|
Description |
55 |
Joint Industrial
Committee (JIC)
|
JIC Code |
111 |
|
Description |
JC for the metal, machinery and electrical construction |
|
Category |
|
|
JIC Code |
209 |
|
Description |
Joint committee for the employees off the metal industry |
|
Category |
|
Significant Events
|
Event Date |
23/01/2013 |
|
Event Description |
Documents referred to VAT Office |
Legal events
|
Legal event type |
Business Failure |
||
|
Legal event sub type |
|
||
|
Event date |
13/12/2012 |
Secondary event date |
|
|
3rd party name |
Shetron Sobemi Europe |
3rd party type |
Debtor |
|
3rd party address |
Groenstraat 3 |
||
|
Legal event type |
Business Failure |
||
|
Legal event sub type |
|
||
|
Event date |
13/12/2012 |
Secondary event date |
|
|
3rd party name |
Van den Cloot, Alain |
3rd party type |
Receiver |
|
3rd party address |
Frankrijklei 115 |
||
|
Legal event type |
Business Failure |
||
|
Legal event sub type |
|
||
|
Event date |
13/12/2012 |
Secondary event date |
|
|
3rd party name |
Van Moorleghem, Stéphane |
3rd party type |
Receiver |
|
3rd party address |
Everdijstraat 43 |
||
|
Legal event type |
Business Failure |
||
|
Legal event sub type |
|
||
|
Event date |
13/12/2012 |
Secondary event date |
|
|
3rd party name |
Dobson, Deborah |
3rd party type |
Receiver |
|
3rd party address |
Zwaantjeslei 9 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.34 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
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.