|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BERGHOFF WORLDWIDE NV |
|
|
|
|
Registered Office : |
Boterbosstraat 6 3550 Heusden-Zolder |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
07.07.1994 |
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|
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Com. Reg. No.: |
453048495 |
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|
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Legal Form : |
Public Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale of non-electric household articles |
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|
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|
No. of Employees |
20 |
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.
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 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. 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 453048495
Company name BERGHOFF WORLDWIDE NV
Address BOTERBOSSTRAAT 6
3550
HEUSDEN-ZOLDER
Number of staff 33
Date of establishment 07/07/1994
Telephone number 013358600
Fax number 013358611
The business was established over 20 years ago.
The business has 20 employees.
The business is part of a group.
The business has been at the address for over 4 years.
Operating Result in the latest trading period increased 194% on the previous trading period.
A 33% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 577% compared to the previous trading period.
The business saw an increase in their Cash Balance of 199% during the latest trading period.
Turnover in the latest trading period increased 27% on the previous trading period
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
38,859,680 |
2,980,350 |
17,735,275 |
16,750,297 |
|
31/12/2011 |
30,556,735 |
440,064 |
15,716,907 |
14,996,147 |
|
31/12/2010 |
38,103,009 |
3,056,483 |
15,113,373 |
13,042,195 |
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2012 |
29,633,897 |
33 |
62,000 |
2,341,845 |
|
31/12/2011 |
22,207,595 |
34 |
62,000 |
962,539 |
|
31/12/2010 |
22,276,538 |
30 |
62,000 |
2,647,455 |
Past payments Payment
expectation days 14.05
Industry average payment
expectation days 94.31 Industry average day sales
outstanding 136.36
Day sales outstanding 93.75
Business number 453048495
Company name BERGHOFF WORLDWIDE
NV
Fax number 013358611
Date founded 07/07/1994
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 46494
Liable for VAT yes
Activity description Wholesale of
non-electric household articles
Social Balance Sheet Total
During the reporting year
ended 31-12-2012
Full-time Employees 30
Part-time Employees 9
Total Fte Employees 36
Number of hours worked
Full-time Employees 46,504
Part-time Employees 10,741
Total 57,245
Personnel Charges
Full-time Employees 1,595,005
Part-time Employees 368,397
Total 1,963,402
During the previous reporting year
Average number employees in Fte 36
Actual working hours 55,315
Personnel Charges 1,747,960
Benefits In Addition ToWages -
Type of Contract
Full-Time Part-Time Total Fte
Unlimited Duration
Contracts 28 7 33
Gender and Education
Level
Men Full-Time
Part-Time Total Fte
Primary education - - -
Secondairy education 8 2 9
Higher education (non
university) 4
Higher education
(university) 3
- 4
1 4
Women Full-Time Part-Time Total Fte
Primary education - - -
Secondairy education 4 1 5
Higher education (non
university) 7 3 9
Higher education
(university) 2 - 2
Working Category
Full-Time Part-Time Total Fte
Management - - -
White collar worker 20 6 25
Blue collar worker 8 1 9
Other - - -
Temporary personnel Total
Average number of temporary staff
0
Actual working hours 157
Cost of temporary staff 4,050
New staff and leavers Full-Time Part-Time Total Fte
New Starters 12 4 15
Leavers 12 5 16
TOTAL OF FORMAL CONTINUING VOCATIONAL TRAINING
initiatives for workers paid by the employer Male Female
Number of employees 1 7
Number of training hours
91
118
Net costs for enterprise 819 1,890
JIC Code 149.04
Description Joint subcommittee
for the trade in metals
category
JIC Code 218
Description Additional
national joint committee for the employees
Event Date 15/10/2012
Event Description authority
appointed
Commentaar
15-10-2012: Toewijzing van bijzondere volmachten aan: Cindy Coppens
Event Details (voor het
ondertekenen van dagdagelijkse briefwisseling), Wendy Thomas (voor het
ondertekenen van
de verkoopfacturen) en Lindsey Triekels (voor het ondertekenen
Event Date 15/10/2012
Event Description authority
appointed
Event Details voor ontvangen colli-aangetekende
brieven en verzendingen.
|
Annual
accounts |
31-12-2012% |
31-12-2011 %
31-12- 2010 |
average 2012 |
% |
||
|
Weeks Currency |
52 EUR |
|
52 EUR |
52 EUR |
|
|
|
Turnover |
38,859,680 |
27.17 |
30,556,735 -19.80 38,103,009 5,669,722 |
585 |
||
|
Total operating expenses |
35,888,405 |
21.46 |
29,547,974 -16.69 35,466,702 5,518,388 |
550 |
||
|
Operating result |
2,971,275 |
194 |
1,008,760 |
-61.74 2,636,307 |
54,377 |
5364 |
|
Total financial income |
1,176,781 |
43.65 |
819,215 |
8.77 753,152 |
28,282 |
4060 |
|
Total financial expenses |
1,167,707 |
-15.87 |
1,387,911 |
316 332,977 |
38,670 |
2919 |
|
Results on ordinary
operations before taxation |
2,980,350 |
577 |
440,064 |
-85.60 3,056,483 |
41,586 |
7066 |
|
Taxation |
893,811 |
1134 |
72,409 |
-92.31 941,665 |
23,701 |
3671 |
|
Results on ordinary operations after taxation |
2,086,539 |
467 |
367,656 |
-82.62 2,114,818 |
25,158 |
8193 |
|
Extraordinary items |
1,746 |
-99 |
227,047 |
1792 12,000 |
-1,494 |
116 |
|
Other appropriations |
0.00 |
- |
0.00 |
- 0.00 |
- |
- |
|
Net result |
2,088,285 |
251 |
594,703 |
-72.04 2,126,818 |
25,507 |
8087 |
|
|
other information |
|
|
|
||
|
Gross Operating Margin |
- |
- |
- |
-- |
124,488 |
- |
|
Dividends |
- |
- |
- |
-- |
158,803 |
- |
|
Director remuneration |
- |
- |
- |
-- |
351,717 |
- |
|
Employee costs |
1,963,402 |
12.33 |
1,747,960 |
10.06 1,588,183 |
307,143 |
539 |
|
Wages and salary |
1,329,824 |
13.14 |
1,175,407 |
8.57 1,082,624 |
224,473 |
492 |
|
Employee pension costs |
- |
- |
- |
-- |
8,161 |
- |
|
Social security contributions |
442,236 |
9.63 |
403,385 |
8.96 370,224 |
73,609 |
500 |
|
Other employee costs |
191,343 |
13.11 |
169,168 |
25.00 135,334 |
12,134 |
1476 |
|
Amortization and depreciation |
253,559 |
-31.07 367,835 |
-29.35 520,637 |
41,277 |
514 |
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|
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|
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Industry |
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|
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Annual accounts |
31-12-2012
% |
31-12-2011 % |
31-12-2010 |
average |
% |
|||
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|
|
|
|
|
|
2012 |
|
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible
fixed assets |
153,344 |
- |
83,428 |
- 92,259 |
|
6,524 |
2250 |
|
|
Tangible fixed
assets |
545,120 |
-39.63 902,914 |
-76.12 |
-3,781,132 |
311,834 |
74.81 |
||
|
Land & building |
29,443 |
-1.24 |
29,813 |
-98.93 |
2,778,385 |
460,989 |
-93.61 |
|
|
Plant & machinery |
372,556 |
-11.04 418,810 |
-2.54 |
429,734 |
53,108 |
601 |
||
|
Furniture & Vehicles |
143,121 |
-68.50 454,291 |
-20.72 |
573,013 |
24,664 11,331 |
480 |
||
|
Leasing & Other Similar Rights |
- |
- |
- |
- - |
|
120,299
20,653 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
14,396 |
-100 |
|
|
Financial
fixed assets |
610,331 |
157 |
236,626 |
77.48 |
133,323 |
435,837 |
40.04 |
|
|
Total fixed
assets |
1,308,795 |
7.02 |
1,222,967 |
-69.48 |
4,006,713 |
557,495 |
134 |
|
|
Inventories |
11,267,886 |
14.45 |
9,844,827 |
-0.32 |
9,876,250 |
394,004 |
2759 |
|
|
Raw materials & consumables |
- |
- |
- |
- - |
|
1,082,312 |
- |
|
|
Work in
progress |
0 |
- |
0 |
- |
0 |
9,716 |
-100 |
|
|
Finished goods |
9,494,162 |
0.76 |
9,422,675 |
2.54 9, |
9,189,457 |
105,647 |
8886 |
|
|
Other stocks |
1,773,724 |
320 |
422,152 |
-38.53 |
686,792 |
141,956 |
1149 |
|
|
Trade debtors |
9,981,462 |
30.94 |
7,623,087 |
26.91 |
6,006,511 |
263,002 |
3695 |
|
|
Cash |
2,288,026 |
199 |
763,958 |
83.46 |
416,427 |
105,573 |
2067 |
|
|
other amounts
receivable |
4,566,232 |
83.09 |
2,493,977 |
42.55 |
1,749,543 |
137,049 |
3231 |
|
|
Miscellaneous
current assets |
221,496 |
-14.41 258,778 |
17.04 |
221,094 |
17.04 221,094 |
228 |
||
|
Total current
assets |
28,325,102 |
34.98 |
20,984,628 |
14.86 18,269,825 836,679 |
3285 |
|||
|
Total Assets |
29,633,897 |
33.44 |
22,207,595 |
-0.31 22,276,538 1,334,078 297,328 |
2121 |
|||
Trade creditors 1,381,559 93.04 715,674 -14.62 838,239 206,773 568
Short term group loans - - - - - - -
Financial debt 9,538,318 132
4,107,821 26.59 3,244,906
381,914
54,529 2397
Current portion of long term debt 109,042 -48.51
211,787 -58.64 512,044 65,293 17,307 67.00
Amounts Payable for Taxes,
Remuneration & Social Security 465,988 42.10
327,938 7.75 304,337 13,229 --
Miscellaneous current liabilities 79,898 -87.22 625,261 90.57 328,104 -38.01 --
Total current liabilities 11,574,805 93.28 5,988,481 14.55 5,227,630 538,240 2050
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans 170,472 -55.44 382,554 -78.83 1,807,051 -26.29 --
Deffered taxes - - - - - 67,823 1,926 -
Provisions for Liabilities & Charges 0 -100 36,226 0 36,226 6,762 0 -100
Other long term liabilities 0 - 0 - 0 20,366 -100
Total long term debts 170,472 -59.29 418,780 -77.28 1,843,277 147,793 15.35
shareholders equity
Issued share capital 62,000 0 62,000 0 62,000 314,652 -80.30
Share premium account - - - - - 73,809 -
Reserves 17,826,619 13.27 15,738,334 3.93 15,143,631 316,090 5539
Revaluation reserve - - - - - 274,512 -
Total shareholders equity 17,888,619 13.22 15,800,334 3.91 15,205,631 647,987 2660
Working capital 16,750,297 11.70 14,996,147 14.98 13,042,195 298,440 5512
Cashflow 2,341,845 143 962,539 -63.64 2,647,455 60,797 3751
Net worth 17,735,275 12.84 15,716,907 3.99 15,113,373 639,484 2673
|
Profit Before Tax |
7.67 |
432 |
1.44 |
-82.04 |
8.02 |
-13,00 |
59.00 |
|
Return on capital employed |
16.50 |
508 |
2.71 |
-84.89 |
17.93 |
-15,00 |
110 |
|
Return on total assets employed |
10.06 |
408 |
1.98 |
-85.57 |
13.72 |
-8,00 |
125 |
|
Return on net assets employed |
16.66 |
497 |
2.79 |
-86.12 |
20.10 |
-60,00 |
27.77 |
|
Sales / net working capital |
2.32 |
13.73 |
2.04 |
-30.14 |
2.92 |
3,00 |
-99 |
|
Stock turnover ratio |
29 |
-9.99 |
32.22 |
24.31 |
25.92 |
45,00 |
-35.56 |
|
Debtor days |
93.75 |
2.95 |
91.06 |
58.26 |
57.54 |
132,00 |
-28.98 |
|
Creditor days |
14.05 |
58.94 |
8.84 |
2.43 |
8.63 |
920,00 |
-98.47 |
|
|
|
short
term stability |
|
|
|
|
|
|
Current ratio |
2.45 |
-30.0 |
3.50 |
0.29 |
3.49 |
17,00 |
- |
|
Liquidity ratio / acid ratio |
1.47 |
-20.97 |
1.86 |
15.53 |
1.61 |
15,00 |
-90.20 |
|
Current debt ratio |
0.65 |
71.05 |
0.38 |
11.76 |
0.34 |
0,00 |
- |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
|
long
term stability |
|
|
|
|
|
|
Gearing |
54.88 |
84.41 |
29.76 |
-18.67 |
36.59 |
551,00 |
-90.04 |
|
Equity in percentage |
60.68 |
-15.04 |
71.42 |
4.20 |
68.54 |
-423,00 |
14.35 |
|
Total debt ratio |
0.66 |
60.98 |
0.41 |
-12.77 |
0.47 |
3,00 |
-78.00 |
Activity code 46494
Activity description Wholesale of
non-electric household articles
Payment expectation days 14.05
Day sales outstanding 93.75
Industry comparison
Activity code 46494
Activity description Wholesale of
non-electric household articles
Industry quartile analysis
Company result 14.05
Lower 91.67
Median 48.64
Upper 17.32
Company result 93.75
Lower 82.31
Median
39.48
Upper 15.75
Company name number Latest financials
- B.W.W. REAL ESTATE NV 438951229 31-12-2012
- - BERGHOFFWORLDWIDENV 453048495 31-12-2012
- - - BERGHOFF BELGIUM BVBA
870414949 30-06-2013
- - - GILLE INTIMATES BVBA 893260627 31-12-2012
- - - BERGHOFF - CENTRAL ASIA LLP SOC.ETR. E.P...
- - KRK CARS BVBA 809797867 31-12-2011
- - NAMETA NV 438942519
31-12-2012
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Business number 453048495
There is no bankruptcy data against this company
court data
there is no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.34 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.