|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOMAT INTERNATIONAL NV |
|
|
|
|
Registered Office : |
Henrilebbestraat
190 8790 Waregem |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.12.2002 |
|
|
|
|
Com. Reg. No.: |
479265221 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company |
|
|
|
|
Line of Business : |
Agents
involved in the sale of a variety of goods |
|
|
|
|
No. of Employees : |
05 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
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 |
479265221 |
|
Company name |
LOMAT
INTERNATIONAL NV |
|
Address |
HENRILEBBESTRAAT
190 |
|
|
8790
WAREGEM |
|
Number of staff |
4 |
|
Date of
establishment |
27/12/2002 |
|
Telephone number |
056604980 |
|
Fax number |
056620411 |
The business was established over 11 years ago.
The business has 5 employees.
The business has been at the address for over 11 years.
Operating Result in the latest trading period decreased 30% on the
previous trading period.
Pre-tax profits increased by 196% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 253% during the
latest trading period.
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
33,620,010 |
774,071 |
1,233,078 |
4,051,925 |
|
31/12/2011 |
33,911,704 |
261,145 |
1,169,017 |
4,423,877 |
|
31/12/2010 |
31,527,898 |
598,329 |
1,144,265 |
4,411,194 |
Accounts
|
DATE OF
LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
14,642,503 |
4 |
525,523 |
734,808 |
|
31/12/2011 |
14,079,690 |
4 |
525,523 |
245,385 |
|
31/12/2010 |
15,521,436 |
4 |
525,523 |
575,987 |
|
Payment
expectations |
|||
|
Past
payments |
|
Payment
expectation days |
32.60 |
|
Industry
average payment |
68.20 |
Industry
average day sales |
136.92 |
|
expectation
days |
|
outstanding |
|
|
Day sales
outstanding |
96.76 |
||
Court data summary
|
BANKRUPTCY
DETAILS |
|
|
Court
action type |
no |
|
PROTESTED
BILLS |
|
|
Bill amount |
- |
|
NSSO
DETAILS |
|
|
Date of
summons |
- |
|
Business
number |
479265221 |
Company
name |
LOMAT
INTERNATIONAL NV |
|
|
Fax
number |
056620411 |
Date
founded |
27/12/2002 |
|
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2012 |
|
|
Activity
code |
46190 |
Liable
for VAT |
yes |
|
|
Activity
description |
Agents involved in the sale of a variety of
goods |
VAT
Number |
BE.0479.265.221
Check VAT number |
|
|
Belgian
Bullettin of Acts Publications - |
moniteur
belge |
|
|
|
|
Contractor
details |
||||
|
Registered contractor number |
- |
|
|
|
|
Contractor
description |
- |
|
|
|
|
Date
struck off register |
||||
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2012 |
|
|
Full-time
Employees |
4 |
|
Part-time
Employees |
1 |
|
Total
Fte Employees |
5 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
6,532 |
|
Part-time
Employees |
1,872 |
|
Total |
8,404 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
274,349 |
|
Part-time
Employees |
78,625 |
|
Total |
352,974 |
|
Benefits
In Addition To Wages |
4,230 |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
5 |
|
Actual
working hours |
7,888 |
|
Personnel
Charges |
328,997 |
|
Benefits
In Addition To Wages |
3,978 |
|
1 |
|
|
|
|
|
|
-------------- K |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
3 |
2 |
5 |
|
|
Limited
Duration Contracts |
- |
- |
- |
|
|
Contracts
For Specific Work |
- |
- |
- |
|
|
Contracts
Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Gender
and Education Level |
|
|
|
\. |
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
1 |
- |
1 |
|
|
Secondairy
education |
- |
- |
- |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
2 |
1 |
3 |
|
|
Secondairy
education |
- |
1 |
1 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
\. |
|
Management |
- |
- |
- |
|
|
White
collar worker |
3 |
2 |
5 |
|
|
Blue
collar worker |
- |
- |
- |
|
|
Other |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Temporary
personnel |
|
Total |
|
\. |
|
Average
number of temporary staff |
- |
|
|
|
|
Actual
working hours |
|
- |
|
|
|
Cost
of temporary staff |
|
- |
|
|
|
|
|
|
|
J |
|
|
||||
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
- |
- |
- |
|
|
Leavers |
- |
- |
- |
|
|
Total of
formal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
Numberof employees |
- |
- |
|
Numberof training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of
less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|
Numberof employees |
- |
- |
|
Numberof training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of initial training
initiatives at the expense of the employer |
Male |
Female |
|
Numberof employees |
- |
- |
|
Numberof training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
Personnel (NSSO classification) Code
Description FROM 5T0 9 EMPLOYEE
Joint Industrial Committee
(JIC)
|
JIC Code |
207 |
|
Description |
Joint committee for the employees off he chemical
industry |
|
Event Date |
07/06/2013 |
|
Event Description |
resignation-appointment of director(s) |
|
Event Details |
Commentaar 01-01-2010: De
algemene vergadering bekrachtigt de benoeming als bestuurder met ingang vanaf
01/01/2010 van : Loosveldt Claudette. |
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
33,620,010 |
-0.86 |
33,911,704 |
7.56 |
31,527,898 |
2,228,940 |
1408 |
|
Total
operating expenses |
32,744,915 |
0.30 |
32,646,584 |
5.70 |
30,885,492 |
2,148,401 |
1424 |
|
Operating
result |
875,095 |
-30.83 |
1,265,121 |
96.93 |
642,406 |
38,641 |
2164 |
|
Total
financial income |
1,364,169 |
20.07 |
1,136,152 |
-30.74 |
1,640,493 |
24,982 |
5360 |
|
Total
financial expenses |
1,465,193 |
-31.54 |
2,140,128 |
27.04 |
1,684,570 |
14,219 |
10204 |
|
Results on ordinary operations before
taxation |
774,071 |
196 |
261,145 |
-56.35 |
598,329 |
45,975 |
1583 |
|
Taxation |
46,415 |
55.41 |
29,866 |
-11.60 |
33,784 |
17,817 |
160 |
|
Results
on ordinary operations after taxation |
727,656 |
214 |
231,279 |
-59.03 |
564,545 |
32,988 |
2105 |
|
Extraordinary
items |
-7,198 |
-10.27 |
-6,528 |
- |
0 |
5,162 |
-239 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result OTHER INFORMATION |
720,458 |
220 |
224,751 |
-60.19 |
564,545 |
37,851 |
1803 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
76,528 |
- |
|
Dividends |
- |
- |
- |
- |
- |
189,331 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
503,556 |
- |
|
Employee
costs |
352,974 |
7.29 |
328,997 |
15.09 |
285,868 |
249,490 |
41.48 |
|
Wages and salary |
266,401 |
10.53 |
241,019 |
11.44 |
216,269 |
201,281 |
32.35 |
|
Employee pension costs |
- |
- |
- |
- |
- |
11,798 |
- |
|
Social security contributions |
71,810 |
7.98 |
66,503 |
12.98 |
58,865 |
58,870 |
21.98 |
|
Other employee costs |
14,763 |
-31.26 |
21,475 |
100 |
10,734 |
5,132 |
187 |
|
Amortization
and depreciation |
14,351 |
-30.45 |
20,633 |
80.33 |
11,442 |
22,821 |
-37.12 |
|
Annual
accounts |
31-12-2012 |
|
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
6,421 |
- |
25 |
- |
25 |
9,464 |
-32.15 |
|
Tangible
fixed assets |
24,025 |
-60.98 |
61,570 |
8.50 |
56,746 |
189,617 |
-87.33 |
|
Land & building |
- |
- |
- |
- |
- |
345,639 |
- |
|
Plant & machinery |
5,803 |
-25.53 |
7,793 |
352 |
1,722 |
22,451 |
-74.15 |
|
Furniture & Vehicles |
18,222 |
-66.12 |
53,778 |
-2.26 |
55,023 |
25,309 7,072 |
-28.00 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
46,777 9,871 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
11,364 |
-100 |
|
Financial
fixed assets |
7,128 |
-93.68 |
112,875 |
28.13 |
88,091 |
365,144 |
-98.05 |
|
Total
fixed assets |
37,574 |
-78.46 |
174,470 |
20.44 |
144,861 |
375,588 |
-90.00 |
|
Inventories |
3,328,141 |
-5.63 |
3,526,864 |
22.67 |
2,875,083 |
286,560 |
1061 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
211,006 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
6,621 |
-100 |
|
Finished goods |
3,328,141 |
-5.63 |
3,526,864 |
22.67 |
2,875,083 |
34,150 |
9645 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
37,001 |
-100 |
|
Trade
debtors |
8,912,915 |
-7.17 |
9,601,291 |
7.30 |
8,947,979 |
144,315 |
6076 |
|
Cash |
1,685,171 |
253 |
477,343 |
-50.15 |
957,518 |
85,295 |
1875 |
|
other
amounts receivable |
667,676 |
207 |
216,926 |
-91.05 |
2,424,577 |
95,622 |
598 |
|
Miscellaneous
current assets |
11,025 |
-86.68 |
82,796 |
-51.70 |
171,418 |
40,149 |
-72.54 |
|
Total
current assets |
14,604,928 |
5.03 |
1
3,905,220 |
-9.57 |
15,376,575 |
438,21
9 |
3232 |
|
Total
Assets |
14,642,503 |
4.00 |
14,079,690 |
-9.29 |
15,521,436 |
775,252
156,529 |
1788 |
CURRENT
LIABILITIES
|
Trade
creditors |
2,924,189 |
43.64 |
2,035,829 |
7.94 |
1,886,137 |
159,470 |
1733 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
6,892,716 |
3.61 |
6,652,620 |
-20.39 |
8,356,938 |
131,917 9,935 |
5125 |
|
Current
portion of long term debt |
- |
- |
68,750 |
-8.33 |
75,000 |
36,863
11,856 |
- |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
43,783 |
14.36 |
38,283 |
-62.62 |
102,420 |
7,458
- |
33.18 |
|
Miscellaneous
current liabilities |
692,316 |
0.94 |
685,860 |
25.87 |
544,886 |
517 |
-
- |
|
Total
current liabilities LONG TERM DEBTS AND LIABILITIES |
10,553,003 |
11.30 |
9,481,343 |
-13.53 |
10,965,381 |
335,345 |
3046 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
Other
long term loans |
2,850,001 |
-16.89 |
3,429,306 |
0.51 |
3,411,766 |
11
57 |
-
- |
|
Deffered
taxes |
- |
- |
- |
- |
- |
56,083
28,009 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
6,890
0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
15,345 |
-100 |
|
Total
long term debts |
2,850,001 |
-16.89 |
3,429,306 |
0.51 |
3,411,766 |
121,080 |
2253 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
525,523 |
0 |
525,523 |
0 |
525,523 |
119,328 |
340 |
|
Share
premium account |
- |
- |
- |
- |
- |
246,153 |
- |
|
Reserves |
713,976 |
10.95 |
643,519 |
4.00 |
618,767 |
189,122 |
277 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
326,971 |
- |
|
Total
shareholders equity |
1,239,499 |
6.03 |
1,169,041 |
2.16 |
1,144,290 |
318,218 |
289 |
|
Working
capital |
4,051,925 |
-8.41 |
4,423,877 |
0.29 |
4,411,194 |
102,874 |
3838 |
|
Cashflow |
734,808 |
199 |
245,385 |
-57.40 |
575,987 |
57,291 |
11
82 |
|
Net
worth |
1,233,078 |
5.48 |
1,169,017 |
2.16 |
1,144,265 |
308,597 |
299 |
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
2.30 |
198 |
0.77 |
-59.47 |
1.90 |
25,00 |
-90.80 |
|
Return
on capital employed |
18.93 |
233 |
5.68 |
-56.74 |
13.13 |
15,00 |
26.20 |
|
Return
on total assets employed |
5.29 |
185 |
1.85 |
-51.95 |
3.85 |
-94,00 |
5.63 |
|
Return
on net assets employed |
62.45 |
179 |
22.34 |
-57.28 |
52.29 |
64,00 |
-2.42 |
|
Sales
/ net working capital |
8.30 |
8.21 |
7.67 |
7.27 |
7.15 |
9,00 |
-99 |
|
Stock
turnover ratio |
9.90 |
-4.81 |
10.40 |
14.04 |
9.12 |
37,00 |
-73.24 |
|
Debtor
days |
96.76 |
-6.37 |
103.34 |
-0.24 |
103.59 |
167,00 |
-42.06 |
|
Creditor
days SHORT TERM STABILITY |
32.60 |
43.23 |
22.76 |
2.11 |
22.29 |
98,00 |
-66.73 |
|
Current
ratio |
1.38 |
-6.12 |
1.47 |
5.00 |
1.40 |
10,00 |
138 |
|
Liquidity
ratio / acid ratio |
1.07 |
-1.83 |
1.09 |
-4.39 |
1.14 |
10,00 |
-89.30 |
|
Current
debt ratio |
8.51 |
4.93 |
8.11 |
-15.34 |
9.58 |
-1,00 |
851 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
786.02 |
-9.47 |
868.29 |
-16.11 |
1035.03 |
321,00 |
144 |
|
Equity
in percentage |
8.47 |
2.05 |
8.30 |
12.62 |
7.37 |
-530,00 |
1.60 |
|
Total
debt ratio |
10.81 |
-2.08 |
11.04 |
-12.10 |
12.56 |
1,00 |
981 |
Activity code 46190
Activity description
Agents
involved in the sale of a variety of goods
industry average credit rating 72.17
Industry average credit Limit 4358.65
Payment expectation days 32.60
Day sales outstanding 96.76
Industry comparison
Activity code 46190
Activity description Agents
involved in the sale of a variety of goods
Industry average payment expectation days 68.20
Industry average day sales outstanding 136.92
Payment expectations
Company result 32.60
Lower 95.96
Median 47.59
Upper 21.19
Company result 96.76
Lower 70.16
Median 28.99
Upper 10.25
Summary
Group - Number of Companies 0
Linkages - Number of Companies 0
Number of Countries 0
Group Structure
No group structure for this company
.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Business number 479265221
Bankruptcy details
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.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.