|
Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AGRIPHAR SA |
|
|
|
|
Registered Office : |
Rue De Renory 26 Bus 1 Seraing 4102 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
20.10.2005 |
|
|
|
|
Com. Reg. No.: |
877444281 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Manufacture of pesticides and other agrochemical products |
|
|
|
|
No. of Employees : |
32 |
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 |
|
Status : |
Satisfactory |
|
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 (31.03.2011) |
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 |
877444281 |
Company name |
AGRIPHAR SA |
|
|
|
Telephone number |
043859711 |
|
Address |
RUE DE RENORY 26 BUS 1 SERAING |
Fax number |
043859717 |
|
Post code |
4102 |
Number of staff |
32 |
|
Date of
establishment |
20/10/2005 |
|
|
Current director details
|
Name |
|
|
Position |
Director |
|
Start Date |
20/10/2005 |
|
Date of birth |
19/08/1948 |
|
Street |
20 HEYDT DALHEM |
|
Post code |
4608 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
09/05/2011 |
|
Street |
58 AVENUE WINSTON CHURCHILL BRUXELLES |
|
Post code |
1180 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
20/10/2005 |
|
Street |
20 HEYDT DALHEM |
|
Post code |
4608 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
09/09/2011 |
|
Street |
30 AVENUE DU DIRECTOIRE BRUXELLES |
|
Post code |
1180 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
20/10/2005 |
|
Street |
30 AVENUE DU DIRECTOIRE BRUXELLES |
|
Post code |
1180 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
09/05/2011 |
|
Date of birth |
19/08/1951 |
|
Street |
48 CHARLOTTALEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
20/10/2005 |
|
Date of birth |
19/08/1951 |
|
Street |
48 CHARLOTTALEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
20/10/2005 |
|
End Date |
31/12/2007 |
|
Date of birth |
14/02/1962 |
|
Street |
37 DORPSSTRAAT BRECHT |
|
Post code |
2960 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
08/05/2006 |
|
End Date |
08/05/2011 |
|
Date of birth |
09/12/1996 |
|
Street |
22 VLAAMSEKUNSTLAAN ANVERS |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Director |
|
Start Date |
20/10/2005 |
|
End Date |
09/05/2011 |
|
Street |
20 HEYDT DALHEM |
|
Post code |
4608 |
|
Country |
Belgium |
|
Name |
|
|
Position |
Chairman of the Board |
|
Start Date |
20/10/2005 |
|
End Date |
09/06/2011 |
|
Date of birth |
19/08/1951 |
|
Street |
48 CHARLOTTALEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
Bankruptcy
details |
|
|
Court action
type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
|
Business number |
877444281 |
Company name |
AGRIPHAR SA |
|
Fax number |
043859717 |
Date founded |
20/10/2005 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2011 |
|
Activity code |
20200 |
liable for VAT |
yes |
|
Activity
description |
Manufacture of pesticides and other agrochemical products |
VAT Number |
BE.0877.444.281 |
|
Belgian
Bullettin of Acts Publications |
|
|
|
Business number |
877444281 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
|
There is no bankruptcy data against this company |
|
there is no data for this company |
Minority Shareholders
|
No minority shareholders found |
Minority Interests
|
Business number |
Company name |
|
% |
Date of accounts |
|
|
34.4 |
- |
Industry comparison
|
Activity code |
20200 |
|
Activity description |
Manufacture of pesticides and other agrochemical products |
|
Industry average credit limit |
1782920 |
|
Past payments |
|
Payment expectation days |
71.35 |
|
Industry average payment expectation days |
94.46 |
Industry average day sales outstanding |
92.26 |
|
Day sales outstanding |
67.97 |
||
|
Activity code |
20200 |
|
Activity description |
Manufacture of pesticides and other agrochemical products |
|
Industry average payment expectation days |
94.46 |
|
Industry average day sales outstanding |
92.26 |
|
Payment expectations |
|
|
Company result |
71.35 |
|
Lower |
93.49 |
|
Median |
67.97 |
|
Upper |
33.80 |
|
Day sales outstanding |
|
|
Company result |
67.97 |
|
Lower |
167.43 |
|
Median |
59.82 |
|
Upper |
37.95 |
|
Company name |
|
Company Number |
|
|
|
Group - Number of
Companies |
2 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
|
Company name |
|
Number |
Latest |
|
|
877444281 |
31-12-2011 |
|
|
|
|
|
|
Date of latest
accounts |
Turnover |
Profit Before
Tax |
Net worth |
|
31/12/2011 |
93,272,375 |
16,807,434 |
15,043,382 |
|
31/12/2010 |
84,458,073 |
14,080,842 |
14,300,176 |
|
31/12/2009 |
77,498,007 |
11,966,279 |
11,474,880 |
|
Date of latest
accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of
Employees |
|
31/12/2011 |
55,860,222 |
138,600 |
4,000,000 |
12,182,476 |
32 |
|
31/12/2010 |
46,415,788 |
56,470 |
4,000,000 |
12,770,068 |
26 |
|
31/12/2009 |
54,719,964 |
80,410 |
4,000,000 |
15,589,180 |
25 |
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
93,272,375 |
10.44 |
84,458,073 |
8.98 |
77,498,007 |
76,362,607 |
22.14 |
|
Total operating expenses |
75,989,745 |
8.59 |
69,978,917 |
7.15 |
65,307,133 |
70,669,423 |
7.53 |
|
17,282,630 |
19.36 |
14,479,155 |
18.77 |
12,190,874 |
3,905,185 |
342 |
|
|
801,458 |
-43.04 |
1,407,137 |
33.25 |
1,056,015 |
3,148,238 |
-74.54 |
|
|
1,276,654 |
-29.29 |
1,805,450 |
40.98 |
1,280,609 |
380,837 |
235 |
|
|
16,807,434 |
19.36 |
14,080,842 |
17.67 |
11,966,279 |
6,672,586 |
151 |
|
|
5,028,119 |
-6.43 |
5,373,703 |
4.24 |
5,155,334 |
1,218,964 |
312 |
|
|
11,779,315 |
35.28 |
8,707,139 |
27.84 |
6,810,945 |
5,801,898 |
103 |
|
|
-24,164 |
-271 |
-6,507 |
4.33 |
-150,416 |
-70,183 |
34.43 |
|
|
0 |
- |
0.00 |
-100 |
1 |
- |
- |
|
|
11,755,151 |
35.11 |
8,700,632 |
30.63 |
6,660,530 |
5,743,113 |
104 |
|
|
other information |
|||||||
|
10,000,000 |
28.07 |
7,808,504 |
11.44 |
7,007,007 |
2,245,233 |
345 |
|
|
248,000 |
-40.51 |
416,890 |
16.43 |
358,046 |
225,528 |
9.96 |
|
|
2,900,349 |
22.54 |
2,366,818 |
24.91 |
1,894,852 |
18,511,025 |
-84.33 |
|
|
1,985,838 |
15.60 |
1,717,876 |
26.80 |
1,354,741 |
12,612,129 |
-84.25 |
|
|
- |
- |
- |
- |
- |
1,954,790 |
- |
|
|
484,301 |
11.90 |
432,802 |
-6.27 |
461,760 |
4,055,617 |
-88.06 |
|
|
430,210 |
99 |
216,140 |
175 |
78,351 |
1,119,837 |
-61.58 |
|
|
239,153 |
-87.96 |
1,985,547 |
1.35 |
1,959,124 |
3,746,326 |
-93.62 |
|
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
1,011,945 |
- |
0 |
- |
1,933,169 |
344,753 |
193 |
|
|
89,842 |
-41.79 |
154,345 |
52.71 |
101,068 |
23,175,847 |
-99 |
|
|
- |
- |
- |
- |
- |
10,054,865 |
- |
|
|
- |
- |
- |
- |
- |
15,240,274 |
- |
|
|
89,842 |
-41.79 |
154,345 |
52.71 |
101,068 |
4,261,948 |
-97.89 |
|
|
138,600 |
145 |
56,470 |
-29.77 |
80,410 |
57,267,375 |
-99 |
|
|
1,240,387 |
488 |
210,815 |
-90.03 |
2,114,647 |
68,036,516 |
-98.18 |
|
|
18,427,563 |
36.23 |
13,527,244 |
2.65 |
13,177,456 |
12,743,170 |
44.61 |
|
|
9,149,695 |
32.20 |
6,921,054 |
7.50 |
6,438,255 |
7,820,997 |
16.99 |
|
|
Work in
progress |
0 |
- |
0 |
- |
0 |
1,653,821 |
-100 |
|
9,277,868 |
40.44 |
6,606,190 |
-1.97 |
6,739,201 |
3,768,940 |
146 |
|
|
0 |
- |
0 |
- |
0 |
51,569 |
-100 |
|
|
17,368,959 |
-8.77 |
19,038,189 |
-18.69 |
23,414,095 |
10,687,301 |
62.52 |
|
|
Cash |
12,182,476 |
-4.60 |
12,770,068 |
-18.08 |
15,589,180 |
1,494,258 |
715 |
|
6,624,330 |
691 |
836,541 |
99 |
419,067 |
15,474,135 |
-57.19 |
|
|
16,507 |
-49.87 |
32,931 |
496 |
5,519 |
3,958,562 |
-99 |
|
|
54,619,835 |
18.21 |
46,204,973 |
-12.17 |
52,605,317 |
41,930,154 |
30.26 |
|
|
current liabilities |
|||||||
|
14,855,197 |
11.00 |
13,383,336 |
-26.33 |
18,167,331 |
10,321,603 |
43.92 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
2,300,069 |
-7.36 |
2,482,893 |
-17.38 |
3,005,105 |
1,006,768 |
128 |
|
|
12,081,629 |
8.17 |
11,168,670 |
-16.11 |
13,313,786 |
184 |
- - |
|
|
29,236,895 |
8.15 |
27,034,898 |
-21.61 |
34,486,222 |
15,580,841 |
87.65 |
|
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
7,600,000 |
280 |
2,000,000 |
-44.44 |
3,600,000 |
273 |
- - |
|
Other long term liabilities |
2,968,000 |
-3.66 |
3,080,713 |
-4.49 |
3,225,693 |
3,441,824 |
-13.77 |
|
10,568,000 |
108 |
5,080,713 |
-25.56 |
6,825,693 |
4,410,957 |
139 |
|
|
shareholders equity |
|||||||
|
4,000,000 |
0 |
4,000,000 |
0 |
4,000,000 |
27,503,900 |
-85.46 |
|
|
- |
- |
- |
- |
- |
93,331,473 |
- |
|
|
12,055,327 |
17.04 |
10,300,176 |
9.48 |
9,408,049 |
25,571,894 |
-52.86 |
|
|
- |
- |
- |
- |
- |
12,025,731 |
- |
|
|
Total shareholders equity |
16,055,327 |
12.27 |
14,300,176 |
6.65 |
13,408,049 |
77,015,536 |
-79.15 |
|
25,382,940 |
32.41 |
19,170,075 |
5.80 |
18,119,095 |
26,349,313 |
-3.67 |
|
|
15,043,382 |
5.20 |
14,300,176 |
24.62 |
11,474,880 |
76,670,783 |
-80.38 |
|
|
Annual accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry average |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
18.02 |
8.10 |
16.67 |
7.97 |
15.44 |
55,00 |
-67.24 |
|
63.13 |
-13.10 |
72.65 |
22.84 |
59.14 |
-12,00 |
526 |
|
|
30.09 |
-0.82 |
30.34 |
38.73 |
21.87 |
-8,00 |
376 |
|
|
104.68 |
6.31 |
98.47 |
10.33 |
89.25 |
121,00 |
-13.49 |
|
|
3.67 |
-16.78 |
4.41 |
3.04 |
4.28 |
-3,00 |
-99 |
|
|
19.76 |
23.35 |
16.02 |
-5.76 |
17 |
34,00 |
-41.88 |
|
|
67.97 |
-17.39 |
82.28 |
-25.39 |
110.28 |
210,00 |
-67.63 |
|
|
71.35 |
2.21 |
69.81 |
-31.25 |
101.54 |
694,00 |
-89.72 |
|
|
short term
stability |
|||||||
|
1.87 |
9.36 |
1.71 |
11.76 |
1.53 |
87,00 |
- |
|
|
1.24 |
2.48 |
1.21 |
6.14 |
1.14 |
85,00 |
-98.54 |
|
|
1.82 |
-3.70 |
1.89 |
-26.46 |
2.57 |
0,00 |
- |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
61.66 |
96.68 |
31.35 |
-36.36 |
49.26 |
-88,00 |
70.07 |
|
|
29.27 |
-5.00 |
30.81 |
21.30 |
25.40 |
29,00 |
0.93 |
|
|
2.48 |
10.22 |
2.25 |
-26.95 |
3.08 |
0,00 |
- |
|
N/a
|
Number of staff |
32 |
|
Code |
- |
|
Description |
FROM 20 TO 49 EMPLOYEES |
|
JIC Code |
207 |
|
Description |
Joint committee for the employees off he chemical industry |
|
category |
|
|
Event Date |
01/03/2012 |
|
Event
Description |
authority appointed |
|
Event Details |
Commentaire 01-03-2012: Délégation de pouvoirs de représentation de la
société à Muriel Crine, Rémi Wies et Dirk Barrie. Les pouvoirs concernant les
opérations commerciales sont attribués à Dirk Barrie et Rémi Wies avec l'une
des persones |
|
Event Date |
01/03/2012 |
|
Event
Description |
authority appointed |
|
Event Details |
suivantes : Denis Payen, Marc Dubois ou Marie-Louise Vincent. |
|
Business number |
Company name |
Date of accounts |
|
CHIMAC SA |
31/12/2011 |
|
|
CANALMIX EN LIQUIDATION SA |
31/05/2003 |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.