|
Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BELGIAN MONITORING SYSTEMS BVBA |
|
|
|
|
Registered Office : |
Vlamingstraat
16 8560 Wevelgem |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.09.2007 |
|
|
|
|
Com. Reg. No.: |
892063765 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Subject
is engaged in computer consultancy activities |
|
|
|
|
No. of Employees |
63 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
892063765 |
|
Company name |
BELGIAN
MONITORING SYSTEMS BVBA |
|
Address |
VLAMINGSTRAAT
16 8560 WEVELGEM |
|
Number of staff |
63 |
|
Date of
establishment |
12/09/2007 |
|
Telephone number |
056262611 |
|
Fax number |
056262690 |
The
business was established over 6 years ago.
The
business has 50 employees.
The
business is part of a group.
This
business has a foreign parent business.
The
business has been at the address for over 4 years.
Net Worth increased by 49% during
the latest trading period. ♦
Pre-tax
profits decreased by 23% compared to the previous trading period.
The
business saw a decrease in their Cash Balance of 38% during the latest trading
period.
|
Date
of latest accounts |
Turnover |
Profit
Before Tax |
Net
worth |
Working
capital |
|
31/12/2013 |
8,239,727 |
239,622 |
1,325,407 |
672,204 |
|
31/12/2012 |
7,862,907 |
312,623 |
888,644 |
944,665 |
|
31/12/2011 |
7,958,659 |
13,623 |
328,291 |
366,375 |
|
Date of latest accounts |
Balance
Total |
Number
of Employees |
Capital |
Cashflow |
|
31/12/2013 |
5,232,405 |
63 |
3,000,000 |
1,251,683 |
|
31/12/2012 |
4,768,319 |
64 |
3,000,000 |
1,394,808 |
|
31/12/2011 |
5,306,554 |
64 |
3,000,000 |
1,940,934 |
Past payments Payment
expectation days 22.14
Industry average payment
expectation days 117.45 Industry average day sales
outstanding 106.11
Day sales outstanding
66.33
|
Business
number |
892063765 |
Company name |
BELGIAN
MONITORING SYSTEMS BVBA |
|
Fax
number |
056262690 |
Date founded |
12/09/2007 |
|
Company
status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity
code |
62020 |
Liable for VAT |
yes |
|
Activity
description |
Computer consultancy activities |
VAT Number |
BE.0892.063.765
Check VAT number |
|
Belgian
Bullettin of Acts Publications - |
moniteur belge |
|
|
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2013 |
|
|
Full-time
Employees |
50 |
|
Part-time
Employees |
17 |
|
Total
Fte Employees |
63 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
83,520 |
|
Part-time
Employees |
20,239 |
|
Total |
1
03,759 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
4,748,314 |
|
Part-time
Employees |
926,084 |
|
Total |
5,674,398 |
|
Benefits
In Addition To Wages |
72,633 |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
65 |
|
Actual
working hours |
1
01,075 |
|
Personnel
Charges |
5,487,483 |
|
Benefits
In Addition To Wages |
69,518 |
|
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
51 |
17 |
63 |
|
|
Limited
Duration Contracts |
- |
- |
- |
|
|
Contracts
For Specific Work |
- |
- |
- |
|
|
Contracts
Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Gender
and Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondairy
education |
6 |
1 |
7 |
|
|
Higher education (non university) |
28 |
7 |
33 |
|
|
Higher education (university) |
11 |
- |
11 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondairy
education |
2 |
7 |
7 |
|
|
Higher education (non university) |
4 |
2 |
6 |
|
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White
collar worker |
48 |
10 |
55 |
|
|
Blue
collar worker |
3 |
7 |
8 |
|
|
Other |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Temporary
personnel |
|
Total |
|
|
|
Average
number of temporary staff |
- |
|
|
|
|
Actual
working hours |
|
- |
|
|
|
Cost
of temporary staff |
|
- |
|
|
|
|
|
|
|
|
|
|
||||
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
1 |
- |
1 |
|
|
Leavers |
1 |
1 |
2 |
|
|
|
|
|
|
|
|
Total of formal continuing vocational
training initiatives for workers paid
by the employer |
Male |
Female |
|
Number of
employees |
52 |
14 |
|
Number of
training hours |
1,285 |
305 |
|
Net costs for
enterprise |
71,687 |
14,386 |
|
Total
of less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs for
enterprise |
- |
- |
|
Total
of initial training initiatives at the expense of the employer |
Male |
Female |
|
Number of
employees |
- |
- |
|
Number of
training hours |
- |
- |
|
Net costs for
enterprise |
- |
- |
Significant Events
Event Date 29/05/2009
Event Description re-appointment of
director(s)
Event Details Commentaar
29-05-2009: Herbenoeming van volgende zaakvoerders, voor onbepaalde
duur: Johan Schepen, Lorenzo Cucchetto en Maurizio Secchi
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
8,239,727 |
4.79 |
7,862,907 |
-1.20 |
7,958,659 |
2,701,894 |
204 |
|
Total operating
expenses |
7,944,306 |
5.90 |
7,501,416 |
-4.53 |
7,857,751 |
2,577,373 |
208 |
|
Operating result |
295,421 |
-18.28 |
361,491 |
258 |
100,908 |
58,465 |
405 |
|
Total financial
income |
18,017 |
-42.95 |
31,583 |
-34.17 |
47,978 |
13,963 |
29.03 |
|
Total financial
expenses |
73,816 |
-8.25 |
80,451 |
-40.52 |
135,263 |
1,860 |
3868 |
|
Results on ordinary operations before
taxation |
239,622 |
-23.35 |
312,623 |
2194 |
13,623 |
69,308 |
245 |
|
Taxation |
- |
- |
- |
- |
- |
21,637 |
- |
|
Results on ordinary operations after
taxation |
239,622 |
-23.35 |
312,623 |
2194 |
13,623 |
50,184 |
377 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-11,651 |
0 |
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
Net result OTHER INFORMATION |
239,622 |
-23.35 |
312,623 |
2194 |
13,623 |
38,527 |
521 |
|
Gross Operating
Margin |
- |
- |
- |
- |
- |
120,291 |
- |
|
Dividends |
- |
- |
- |
- |
- |
266,645 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
290,474 |
- |
|
Employee costs |
5,703,706 |
3.55 |
5,507,902 |
-0.25 |
5,521,621 |
774,696 |
636 |
|
Wages
and salary |
4,014,317 |
3.15 |
3,891,599 |
-1.04 |
3,932,660 |
640,037 |
527 |
|
Employee
pension costs |
29,308 |
- |
20,419 |
- |
13,422 |
8,247 |
255 |
|
Social
security contributions |
1,211,980 |
3.87 |
1,166,803 |
-0.07 |
1,167,663 |
1 82,564 |
563 |
|
Other
employee costs |
448,101 |
4.43 |
429,081 |
5.20 |
407,876 |
17,640 |
2440 |
|
Amortization and
depreciation |
1,012,061 |
-6.48 |
1,082,185 |
-43.85 |
1,927,311 |
27,240 |
3615 |
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed
assets |
1,232,521 |
- |
1,429,662 |
- |
1,677,392 |
21,703 |
5579 |
|
Tangible fixed
assets |
1 94,083 |
-3.27 |
200,643 |
-21.19 |
254,591 |
123,253 |
57.47 |
|
Land
& building |
- |
- |
- |
- |
- |
251,537 |
- |
|
Plant
& machinery |
1 02,869 |
29.29 |
79,562 |
-10.78 |
89,171 |
17,600 |
484 |
|
Furniture
& Vehicles |
57,320 |
-28.04 |
79,655 |
-31.60 |
116,461 |
17,449 7,006 |
228 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
105,632
15,723 |
- |
|
Other
tangible assets |
33,894 |
-18.18 |
41,426 |
-15.39 |
48,959 |
7,545 |
349 |
|
Financial fixed
assets |
706,323 |
1228 |
53,150 |
0 |
53,150 |
697,828 |
1.22 |
|
Total fixed
assets |
2,132,927 |
26.70 |
1,683,455 |
-15.20 |
1,985,133 |
438,811 |
386 |
|
Inventories |
866,266 |
24.83 |
693,982 |
-12.33 |
791,555 |
124,023 |
598 |
|
Raw
materials & consumables |
485,577 |
24.20 |
390,954 |
-7.40 |
422,184 |
70,927 |
584 |
|
Work
in progress |
336,153 |
46.45 |
229,536 |
-31.91 |
337,094 |
7,005 |
4698 |
|
Finished
goods |
44,536 |
-39.40 |
73,492 |
127 |
32,277 |
1,713 |
2499 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
5,973 |
-100 |
|
Trade debtors |
1,497,421 |
19.15 |
1,256,805 |
-21.41 |
1,599,262 |
157,105 |
853 |
|
Cash |
596,390 |
-38.90 |
976,033 |
17.66 |
829,551 |
111,186 |
436 |
|
other amounts
receivable |
42,675 |
-1.32 |
43,244 |
84.40 |
23,451 |
165,627 |
-74.23 |
|
Miscellaneous
current assets |
96,726 |
-15.74 |
114,800 |
47.93 |
77,602 |
35,308 |
173 |
|
Total current
assets |
3,099,478 |
0.47 |
3,084,864 |
-7.12 |
3,321,421 |
480,009 |
545 |
|
Total Assets |
5,232,405 |
9.73 |
4,768,319 |
-10.14 |
5,306,554 |
894,665 145,589 |
484 |
|
|
Trade creditors |
481,781 |
37.55 |
350,261 |
-14.31 |
408,773 |
80,798 |
496 |
|
|
Short term group
loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial debts |
- |
- |
- |
- |
300,000 |
163,885 6,698 |
- |
|
|
Current portion
of long term debt |
- |
- |
- |
- |
- |
31,579 10,897 |
- |
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
1,157,622 |
11.46 |
1,038,554 |
-0.89 |
1,047,896 |
9,374 - |
1803 |
|
|
Miscellaneous
current liabilities |
787,871 |
4.86 |
751,384 |
-37.30 |
1,198,377 |
389 |
- - |
|
|
Total current
liabilities |
2,427,274 |
13.41 |
2,140,199 |
-27.57 |
2,955,046 |
334,621 |
625 |
|
|
LONG TERM DEBTS AND
LIABILITIES |
|
|
|
|
|
|
|
|
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Other long term
loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Deffered taxes |
- |
- |
- |
- |
- |
20,672 1,704 |
- |
|
|
Provisions for
Liabilities & Charges |
247,203 |
-20.21 |
309,814 |
-10.41 |
345,825 |
4,936 0 |
4908 |
|
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
6,153 |
-100 |
|
|
Total long term
debts SHAREHOLDERS
EQUITY |
247,203 |
-20.21 |
309,814 |
-10.41 |
345,825 |
79,637 |
210 |
|
|
Issued share
capital |
3,000,000 |
0 |
3,000,000 |
0 |
3,000,000 |
247,286 |
1113 |
|
|
Share premium
account |
- |
- |
- |
- |
- |
2,986,118 |
- |
|
|
Reserves |
-442,072 |
64.85 |
-681,694 |
68.56 |
-994,317 |
182,634 |
-342 |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
112,111 |
- |
|
|
Total
shareholders equity |
2,557,928 |
10.34 |
2,318,306 |
15.59 |
2,005,683 |
479,693 |
433 |
|
|
Working capital |
672,204 |
-28.84 |
944,665 |
157 |
366,375 |
145,388 |
362 |
|
|
Cashflow |
1,251,683 |
-10.26 |
1,394,808 |
-28.14 |
1,940,934 |
64,034 |
1854 |
|
|
Net worth |
1,325,407 |
49.15 |
888,644 |
170 |
328,291 |
457,879 |
189 |
|
Annual accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry
average 2013 |
% |
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
2.91 |
-26.88 |
3.98 |
2241 |
0.17 |
-28,00 |
10.39 |
|
Return on capital
employed |
8.54 |
-28.24 |
11.90 |
1951 |
0.58 |
22,00 |
-61.18 |
|
Return on total assets
employed |
4.58 |
-30.18 |
6.56 |
2423 |
0.26 |
4,00 |
14.50 |
|
Return on net
assets employed |
9.37 |
-30.49 |
13.48 |
1882 |
0.68 |
65,00 |
-85.58 |
|
Sales / net
working capital |
12.26 |
47.36 |
8.32 |
-61.69 |
21.72 |
3,00 |
-99 |
|
Stock turnover
ratio |
10.51 |
19.03 |
8.83 |
-11.26 |
9.95 |
11,00 |
-4.45 |
|
Debtor days |
66.33 |
13.70 |
58.34 |
-20.46 |
73.35 |
106,11 |
-37.49 |
|
Creditor days SHORT TERM
STABILITY |
22.14 |
29.93 |
17.04 |
-10.27 |
18.99 |
117,45 |
-81.15 |
|
Current ratio |
1.28 |
-11.11 |
1.44 |
28.57 |
1.12 |
10,00 |
-84.00 |
|
Liquidity ratio /
acid ratio |
0.92 |
-17.86 |
1.12 |
30.23 |
0.86 |
10,00 |
-90.80 |
|
Current debt
ratio |
0.95 |
3.26 |
0.92 |
-37.41 |
1.47 |
8,00 |
-88.12 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
Gearing |
- |
- |
- |
- |
14.96 |
528,00 |
- |
|
Equity in
percentage |
63.95 |
-7.91 |
69.44 |
25.64 |
55.27 |
-177,00 |
36.13 |
|
Total debt ratio |
1.05 |
-0.94 |
1.06 |
-35.76 |
1.65 |
11,00 |
-90.45 |
Activity code 62020
Activity description Computer consultancy activities
Payment expectation days 22.14
Day sales outstanding 66.33
Payment expectations
Company result 22.14
Lower 102.97
Median 64.96
Upper 34.18
|
Company result |
66.33 |
|
Lower |
60.54 |
|
Median |
27.05 |
|
Upper |
9.37 |
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
Company name Number
Latest financials
- BELGIAN MONITORING SYSTEMS BVBA 892063765
31-12-2013
- - BMS VISON LLC
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
Court Data
There Is No Data For This Company
|
Current director
details |
||
|
Name |
MARK
LAUWERS |
|
|
Position |
Principal
Manager |
|
|
Start Date |
23/12/2009 |
|
|
Street |
19
ROLLEGEMKNOKSTRAAT KORTRIJK |
|
|
Post code |
8510 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
JOHAN SCHEPENS |
|
|
Position |
Principal
Manager |
|
|
Start Date |
30/09/2008 |
|
|
Date of birth |
07/12/1958 |
|
|
Street |
83
KERKGATE OUDENAARDE |
|
|
Post code |
9700 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
JOHAN SCHEPERS |
|
|
Position |
Principal
Manager |
|
|
Start Date |
30/09/2008 |
|
|
Street |
83
KERKGATE OUDENAARDE |
|
|
Post code |
9700 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
MAURIZIO
SECCHI |
|
|
Position |
Principal
Manager |
|
|
Start Date |
30/09/2008 |
|
|
Street |
3
VIA CARPIANE |
|
|
Post code |
24030 |
|
|
Country |
Italy |
|
Name LORENZO CUCCHETTO
Position Principal Manager
Start Date 30/09/2008
Street 41 VIA SARTORI
Post code 37024
Country Italy
Name GEBRUDER LOEPFE AG
Position Principal Manager
Start Date 30/07/2012
Street 10 KASTELLSTRASSE
Post code 8623
Country Switzerland
Name GEBRÜDER LOEPFE AG
Position Non Statutory
Partner
Start Date 12/09/2007
Country Switzerland
Name GEBRÜDER LOEPFE AG
Position Principal Manager
Start Date 14/09/2007
Name GEBRÜDER LOEPFE AG
Position Legal
Representative
Start Date 14/09/2007
End Date Unknown date
Name BERNARD KRUYCKE
Position Principal Manager
Start Date 03/04/2008
End Date 31/12/2009
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.