|
Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEYNTEX NV |
|
|
|
|
Registered Office : |
Seyntexlaan 1, 8700 Tielt |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30.06.1982 |
|
|
|
|
Com. Reg. No.: |
423039962 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Preparation and Spinning of Textile Fibres. |
|
|
|
|
No of Employees : |
98 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 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 |
423039962 |
|
Company name |
SEYNTEX NV |
|
Address |
SEYNTEXLAAN 1 |
|
|
8700 TIELT |
|
Number of staff |
98 |
|
Date of establishment |
30/06/1982 |
|
Telephone number |
051423711 |
|
Fax number |
051423799 |
|
|
|
|
Ultimate holding company |
|
|
Company name |
Company Number |
|
De Mandel NV |
466263657 |
|
The business was
established over 32 years ago. |
|
The business has
98 employees. |
|
The business is
part of a group. |
|
The business has
been at the address for over 18 years. |
|
Operating Result in
the latest trading period decreased 168% on the previous trading period. |
|
Net Worth
decreased by 27% during the latest trading period. |
|
Pre-tax profits
decreased by 284% compared to the previous trading period. |
|
The business saw an
increase in their Cash Balance of 22% during the latest trading period. |
|
Turnover in the
latest trading period decreased 29% on the previous trading period. |
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
38,707,575 |
-2,316,785 |
7,712,722 |
5,938,695 |
|
31/12/2012 |
55,113,246 |
1,257,593 |
10,574,828 |
8,682,879 |
|
31/12/2011 |
46,571,199 |
-344,895 |
9,854,988 |
7,629,907 |
|
Accounts |
||||
|
DATE OF LATEST
ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
33,703,941 |
98 |
3,718,811 |
-1,954,537 |
|
31/12/2012 |
34,923,384 |
96 |
3,718,811 |
1,257,563 |
|
31/12/2011 |
38,081,342 |
96 |
3,718,811 |
325,349 |
|
Payment
expectations |
||||
|
Past
payments |
|
Payment expectation days |
81.14 |
|
|
Industry average
payment expectation days |
124.71 |
Industry
average day sales outstanding |
78.10 |
|
|
Day
sales outstanding |
125.24 |
|
|
|
|
Court data summary BANKRUPTCY DETAILS |
||||
|
Court
action type |
no |
|
|
|
|
Business number |
423039962 |
Company name |
SEYNTEX NV |
|
Fax number |
051423799 |
Date founded |
30/06/1982 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
13100 |
Liable for VAT |
yes |
|
Activity description |
Preparation and spinning |
VAT Number |
BE.0423.039.962 Check |
|
|
of textile fibres |
|
VAT number |
|
Belgian Bullettin of Acts |
moniteur beige |
|
|
|
Publications |
|
|
|
|
Social
Balance Sheet |
Total |
|
|
During
the reporting year ended 31-12-2013 |
||
|
Full-time
Employees |
93 |
|
|
Part-time
Employees |
6 |
|
|
Total
Fte Employees |
97 |
|
|
|
||
|
Number
of hours worked |
||
|
Full-time
Employees |
124,986 |
|
|
Part-time
Employees |
7,625 |
|
|
Total |
132,611 |
|
|
|
|
|
|
Personnel
Charges |
|
|
|
Full-time
Employees |
3,876,544 |
|
|
Part-time
Employees |
226,487 |
|
|
Total |
4,103,031 |
|
|
Benefits
In Addition To Wages |
55,493 |
|
|
|
||
|
During
the previous reporting year |
||
|
Average
number employees in Fte |
97 |
|
|
Actual
working hours |
129,628 |
|
|
Personnel
Charges |
3,924,602 |
|
|
Benefits
In Addition To Wages |
51,529 |
|
|
Type of Contract |
Full Time |
Part Time |
Total Fte |
|
Unlimited Duration Contract |
88 |
5 |
92 |
|
Limited Duration Contracts |
7 |
- |
7 |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
- |
- |
- |
|
|
Secondairy
education |
50 |
- |
50 |
|
|
Higher
education (non university) |
5 |
- |
5 |
|
|
Higher education
(university) |
2 |
- |
2 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education ... |
||||
|
Secondairy
education |
30 |
4 |
33 |
|
|
Higher education
(non university) |
8 |
1 |
9 |
|
|
Higher education
(university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White
collar worker |
26 |
2 |
28 |
|
|
Blue
collar worker |
69 |
3 |
71 |
|
|
Other |
||||
|
|
||||
|
|
||||
|
Temporary
personnel |
|
Total |
|
|
|
Average
number of temporary staff |
2 |
|
|
|
|
Actual
working hours |
|
3,286 |
|
|
|
Cost
of temporary staff |
|
86,039 |
|
|
|
|
||||
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
30 |
41 |
44 |
|
|
Leavers |
26 |
43 |
41 |
|
|
Total
of formal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
|
Number
of employees |
20 |
12 |
|
|
Number
of training hours |
603 |
186 |
|
|
Net
costs for enterprise |
8,380 |
4,360 |
|
|
Total
of less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|
|
Number
of employees |
1 |
3 |
|
|
Number
of training hours |
293 |
24 |
|
|
Net
costs for enterprise |
12,285 |
728 |
|
|
Total
of initial training initiatives at the expense of the employer |
Male |
Female |
|
|
Number
of employees |
- |
- |
|
|
Number
of training hours |
|||
|
Net
costs for enterprise |
|||
JOINT INDUSTRIAL
COMMITTEE (JIC)
|
JIC Code |
109 |
|
Description |
JC for the
industry of the clothing and garments firms |
|
category |
|
|
|
|
|
JIC Code |
120 |
|
Description |
Joint committee for
the textile industry and knitting |
|
category |
|
|
JIC Code |
214 |
|
Description |
JC for the employees in the
textile industry and the knitting |
|
category |
|
|
Significant Events |
|
|
Event Date |
04/06/2013 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 04-06-2013: Herbenoemd
als gedelegeerd bestuurder tot de algemene vergadering 2018 : Seynaeve
Thomas. Herbenoemd als bestuurder tot de algemene vergadering 2018 : Dymaso
BVBA. |
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry |
% |
|
|
|
|
|
|
|
average 2013 |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
38,707,575 |
-29.77 |
55,113,246 |
18.34 |
46,571,199 |
31,292,472 |
23.70 |
|
Total
operating expenses |
40,434,938 |
-23.09 |
52,573,949 |
12.85 |
46,589,266 |
30,602,963 |
32.13 |
|
Operating
result |
-1,727,363 |
-168 |
2,539,297 |
14054 |
-18,067 |
227,985 |
-857 |
|
Total
financial income |
371,852 |
-45.71 |
684,878 |
-8.86 |
751,488 |
150,412 |
147 |
|
Total
financial expenses |
961,274 |
-51.12 |
1,966,582 |
82.38 |
1,078,316 |
137,381 |
599 |
|
Results
on ordinary operations before taxation |
-2,316,785 |
-284 |
1,257,593 |
364 |
-344,895 |
227,203 |
-1119 |
|
Taxation |
354 |
122 |
159 |
5.64 |
-2,819 |
83,153 |
-99 |
|
Results
on ordinary operations after taxation |
-2,317,139 |
-284 |
1,257,434 |
367 |
-342,076 |
168,341 |
-1476 |
|
Extraordinary
items |
-92,878 |
15.88 |
-584,735 |
-2323 |
26,298 |
23,843 |
-489 |
|
Other
appropriations |
5210 |
-56.31 |
11924 |
-41.39 |
20344 |
- |
- |
|
Net
result |
-2,404,807 |
-451 |
684,623 |
231 |
-295,434 |
194,079 |
-1339 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
158,249 |
- |
|
Dividends |
- |
- |
- |
- |
- |
800,063 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
224,112 |
- |
|
Employee
costs |
4,103,030 |
4.55 |
3,924,602 |
-3.50 |
4,066,832 |
1,710,111 |
139 |
|
Wages and salary |
2,802,733 |
3.54 |
2,707,029 |
-3.34 |
2,800,516 |
1,152,245 |
143 |
|
Employee pension costs |
- |
- |
- |
- |
- |
16,019 |
- |
|
Social security contributions |
1,043,834 |
1.83 |
1,025,086 |
-4.03 |
1,068,125 |
506,201 |
106 |
|
Other employee costs |
256,463 |
33.24 |
192,487 |
-2.88 |
198,191 |
80,293 |
219 |
|
Amortization
and depreciation |
450,270 |
-21.41 |
572,940 |
-7.71 |
620,783 |
218,399 |
106 |
|
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 |
457,299 |
- |
0 |
- |
35,216 |
65,564 |
597 |
|
Tangible fixed assets |
1,817,131 |
-14.10 |
2,115,334 |
-1.97 |
2,157,750 |
755,440 |
140 |
|
Land & building |
970,184 |
12.25 |
864,316 |
-14.12 |
1,006,459 |
628,225 |
54.43 |
|
Plant & machinery |
558,705 |
-17.98 |
681,208 |
6.54 |
639,382 |
231,569 |
141 |
|
Furniture & Vehicles |
266,250 |
2.89 |
258,773 |
-7.08 |
278,483 |
79,231 22,239 |
236 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
23,120 |
552,394 133,327 |
- |
|
Other tangible assets |
21,992 |
-92.93 |
311,037 |
47.90 |
210,306 |
38,458 |
-42.82 |
|
Financial fixed assets |
183,526 |
0 |
183,526 |
0 |
183,526 |
3,422,930 |
-94.64 |
|
Total fixed assets |
2,457,956 |
6.92 |
2,298,860 |
-3.27 |
2,376,492 |
2,557,063 |
-3.88 |
|
Inventories |
12,457,201 |
0.68 |
12,373,650 |
-1.82 |
12,603,285 |
2,567,139 |
385 |
|
Raw materials & consumables |
2,708,171 |
-22.89 |
3,512,176 |
3.78 |
3,384,130 |
1,363,376 |
98.64 |
|
Work in progress |
5,380,645 |
15.35 |
4,664,681 |
-13.82 |
5,412,853 |
367,387 |
1364 |
|
Finished goods |
4,368,385 |
4.09 |
4,196,793 |
10.26 |
3,806,302 |
838,571 |
420 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
133,581 |
-100 |
|
Trade debtors |
13,281,684 |
-17.04 |
16,008,899 |
-5.89 |
17,010,221 |
1,676,622 |
692 |
|
Cash |
637,274 |
22.72 |
519,301 |
-79.53 |
2,537,136 |
387,979 |
64.25 |
|
other amounts receivable |
4,271,658 |
23.40 |
3,461,507 |
7.51 |
3,219,673 |
1,062,345 |
302 |
|
Miscellaneous current assets |
598,168 |
129 |
261,167 |
-21.93 |
334,535 |
153,279 |
290 |
|
Total current assets |
31,245,985 |
-4.23 |
32,624,524 |
-8.63 |
35,704,850 |
4,895,504 |
538 |
|
Total Assets |
33,703,941 |
-3.49 |
34,923,384 |
-8.29 |
38,081,342 |
7,251,449 1,483,782 |
364 |
|
Trade creditors |
8,988,514 |
-13.23 |
10,358,548 |
-22.21 |
13,316,218 |
1,319,380 |
581 |
|
|
|
Short term group
loans |
- |
- |
- |
- |
- |
- |
- |
|
|
|
Financial debts |
14,186,247 |
22.79 |
11,552,791 |
-9.59 |
12,778,523 |
2,590,758 498,420 |
447 |
|
|
|
Current portion
of long term debt |
- |
- |
- |
- |
412,880 |
352,104 41,307 |
- |
|
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
665,841 |
4.01 |
640,173 |
-12.95 |
735,446
27,786 - |
126 |
|
||
|
Miscellaneous
current liabilities |
1,466,688 |
5.51 |
1,390,133 |
67.11 |
831,876 |
117 |
-- |
|
|
|
Total current
liabilities |
25,307,290 |
5.70 |
23,941,645 |
-14.72 |
28,074,943 |
3,168,707 |
698 |
|
|
|
LONG TERM DEBTS
AND LIABILITIES |
|||||||||
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
|
Other long term
loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
|
Deffered taxes |
49,200 |
-9.58 |
54,411 |
-17.98 |
66,335 |
24,007 11,112 |
104 |
|
|
|
Provisions for
Liabilities & Charges |
177,430 |
-49.67 |
352,500 |
606 |
49,860 |
139,407 0 |
27.27 |
|
|
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
40,933 |
-100 |
|
|
|
Total long term
debts |
226,630 |
-44.30 |
406,911 |
250 |
116,195 |
489,116 |
-53.67 |
|
|
|
SHAREHOLDERS
EQUITY |
|
||||||||
|
Issued share
capital |
3,718,811 |
0 |
3,718,811 |
0 |
3,718,811 |
1,648,863 |
125 |
|
|
|
Share premium
account |
- |
- |
- |
- |
- |
1,805,474 |
- |
|
|
|
Reserves |
4,451,210 |
-35.08 |
6,856,017 |
11.09 |
6,171,393 |
1,744,875 |
155 |
|
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
1,159,525 |
- |
|
|
|
Total
shareholders equity |
8,170,021 |
-22.74 |
10,574,828 |
6.92 |
9,890,204 |
3,593,626 |
127 |
|
|
|
Working capital |
5,938,695 |
-31.60 |
8,682,879 |
13.80 |
7,629,907 |
1,726,796 |
243 |
|
|
|
Cashflow |
-1,954,537 |
-255 |
1,257,563 |
286 |
325,349 |
365,854 |
-634 |
|
|
|
Net worth |
7,712,722 |
-27.07 |
10,574,828 |
7.30 |
9,854,988 |
3,528,063 |
118 |
|
|
|
Annual accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average
2013 |
% |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit Before Tax |
-5.99 |
-362 |
2.28 |
308 |
-0.74 |
135,00 |
-104 |
|
|
Return on capital
employed |
-27.59 |
-340 |
11.45 |
331 |
-3.45 |
4,00 |
-789 |
|
|
Return on total
assets employed |
-6.87 |
-290 |
3.60 |
395 |
-0.91 |
-4,00 |
-71.75 |
|
|
Return on net
assets employed |
-28.36 |
-338 |
11.89 |
340 |
-3.49 |
37,00 |
-176 |
|
|
Sales / net
working capital |
6.52 |
2.68 |
6.35 |
4.10 |
6.10 |
21,00 |
-99 |
|
|
Stock turnover
ratio |
32.18 |
43.34 |
22.45 |
-17.04 |
27.06 |
16,00 |
101 |
|
|
Debtor days |
125.24 |
18.13 |
106.02 |
-20.48 |
133.32 |
86,00 |
45.63 |
|
|
Creditor days |
81.14 |
12.82 |
71.92 |
-31.06 |
104.32 |
52,00 |
56.04 |
|
|
SHORT TERM
STABILITY |
||||||||
|
Current ratio |
1.23 |
-9.56 |
1.36 |
7.09 |
1.27 |
51,00 |
23.00 |
|
|
Liquidity ratio /
acid ratio |
0.74 |
-12.94 |
0.85 |
3.66 |
0.82 |
50,00 |
-98.52 |
|
|
Current debt
ratio |
3.10 |
37.17 |
2.26 |
-20.42 |
2.84 |
1,00 |
210 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG TERM
STABILITY |
||||||||
|
Gearing |
173.64 |
58.94 |
109.25 |
-18.09 |
133.38 |
68,00 |
155 |
|
|
Equity in
percentage |
24.57 |
-18.86 |
30.28 |
16.46 |
26 |
33,00 |
-25.55 |
|
|
Total debt ratio |
3.13 |
36.09 |
2.30 |
-19.30 |
2.85 |
1,00 |
213 |
|
|
Industry
comparison |
||
|
Activity code |
13100 |
|
|
Activity
description |
Preparation
and spinning of textile fibres |
|
|
industry average
credit rating |
72.94 |
|
|
Industry average credit
limit |
143322.99 |
|
Payment Information Summary
Total
number of Invoices available
11
Total
number of Invoices paid within or
up to 30 days after the due date 4
Total
number of Invoices paid more than 30
days after the due date
0
Total
number of Invoices currently
outstanding where the due date has not yet been reached 0
|
Payment expectation days |
81.14 |
|
Day sales outstanding |
125.24 |
|
Industry comparison |
|
|
Activity code |
13100 |
|
Activity description |
Preparation and spinning of textile fibres |
|
Industry average payment expectation days |
124.71 |
|
Industry average day sales outstanding |
78.10 |
Payment
expectations
Company result 81.14
Lower 95.29
Median 58.89
Upper 33
Day Sales Outstanding
|
Company result |
125.24 |
|
Lower |
69.71 |
|
Median |
41.26 |
|
Upper |
22.79 |
|
Summary |
|
|
Group - Number of Companies |
4 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
|
Company name |
Number |
Latest Financials |
|
- DE MANDEL NV |
466263657 |
31-12-2013 |
|
- - SEYNTEX NV |
423039962 |
31-12-2013 |
|
-- - TECHMA NV |
402980263 |
31-12-2013 |
|
-- SEYNAEVE METAAL HOLDING N.V |
21012608 |
31-12-2011 |
No minority interest found
Summary
Group - Number of Companies 4
Linkages - Number of Companies 0
Number of Countries 0
|
Current director
details |
|
|
Name |
DYMASO
BVBA |
|
Position |
Legal
Representative |
|
Start Date |
05/06/2007 |
|
Date of birth |
17/07/2007 |
|
Street |
82
NIEUWSTRAAT LOCHRISTI |
|
Post code |
9080 |
|
Country |
Belgium |
|
|
|
|
Name |
JEAN-CHRISTOPHE
MARIE GENEVIEVE SEYNAEVE |
|
Position |
Director |
|
Start Date |
30/01/2014 |
|
Street |
3
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
|
|
|
Name |
LAURENT
THOMAS THEOPHILE VERCOUTERE |
|
Position |
Director |
|
Start Date |
01/06/2010 |
|
Street |
2
RUE FLINCHAUX S-GRAVENBRAKEL |
|
Post code |
7090 |
|
Country |
Belgium |
|
|
|
|
Name |
ERNST
& YOUNG LIPPENS & RABAEY AUDIT B.V CVBA |
|
Position |
Commissioner |
|
Start Date |
07/07/2011 |
|
Date of birth |
07/05/1987 |
|
Street |
54
MOUTSTRAAT GENT |
|
Post code |
9000 |
|
Country |
Belgium |
|
|
|
|
Name |
THOMAS
MARIE MARGUERITE SEYNAEVE |
|
Position |
Director |
|
Start Date |
04/09/2007 |
|
Street |
3
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
|
|
|
Name |
ARTHUR
WAUTHIER SEYNAEVE |
|
Position |
Director |
|
Start Date |
30/06/1982 |
|
Street |
3
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
Name |
ARTHUR
WAUTHIER SEYNAEVE |
|
Position |
Chairman
of the Board |
|
Start Date |
09/11/2009 |
|
Street |
3
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
|
|
|
Name |
ARTHUR
WAUTHIER SEYNAEVE |
|
Position |
Managing
Director |
|
Start Date |
29/08/2012 |
|
Street |
3
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
|
|
|
Name |
JEAN-PIERRE
SEYNAEVE |
|
Position |
Director |
|
Start Date |
30/06/1982 |
|
|
|
|
Name |
JEAN-PIERRE
SEYNAEVE |
|
Position |
Director |
|
Start Date |
30/06/1982 |
|
|
|
|
Former director
details |
|
|
Name |
DE
MANDEL NV |
|
Position |
Chairman
of the Board |
|
Start Date |
06/06/2006 |
|
End Date |
05/06/2012 |
|
Date of birth |
14/06/1999 |
|
Street |
1
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
|
|
|
Name |
DE
MANDEL NV |
|
Position |
Director |
|
Start Date |
06/06/2000 |
|
End Date |
Unknown
date |
|
Date of birth |
14/06/1999 |
|
Street |
1
SEYNTEXLAAN TIELT |
|
Post code |
8700 |
|
Country |
Belgium |
|
Name |
DE
MANDEL NV |
|
|
Position |
Legal
Representative |
|
|
Start Date |
06/06/2006 |
|
|
End Date |
Unknown
date |
|
|
Date of birth |
14/06/1999 |
|
|
Street |
1
SEYNTEXLAAN TIELT |
|
|
Post code |
8700 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
DE
MANDEL NV |
|
|
Position |
Managing
Director |
|
|
Start Date |
18/03/2009 |
|
|
End Date |
Unknown
date |
|
|
Date of birth |
14/06/1999 |
|
|
Street |
1
SEYNTEXLAAN TIELT |
|
|
Post code |
8700 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
THOMAS
SEYNAEVE |
|
|
Position |
Managing
Director |
|
|
Start Date |
07/06/2010 |
|
|
End Date |
06/06/2013 |
|
|
Street |
3
SEYNTEXLAAN TIELT |
|
|
Post code |
8700 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
DYMASO
BVBA |
|
|
Position |
Director |
|
|
Start Date |
07/06/2007 |
|
|
End Date |
06/06/2010 |
|
|
Date of birth |
17/07/2007 |
|
|
Street |
82
NIEUWSTRAAT LOCHRISTI |
|
|
Post code |
9080 |
|
|
Country |
Belgium |
|
|
|
||
|
Name |
THOMAS
MARIE MARGUERITE SEYNAEVE |
|
|
Position |
Managing
Director |
|
|
Start Date |
07/06/2007 |
|
|
End Date |
31/12/2010 |
|
|
Street |
3
SEYNTEXLAAN TIELT |
|
|
Post code |
8700 |
|
|
Country |
Belgium |
|
|
Name |
MARIE SEYNAEVE |
|
|
Position |
Director |
|
|
Start Date |
30/06/1982 |
|
|
End Date |
Unknown date |
|
|
|
||
|
Name |
JEAN-PIERRE SEYNAEVE |
|
|
Position |
Managing Director |
|
|
Start Date |
30/06/1982 |
|
|
End Date |
Unknown date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.