|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL SAFETY NV |
|
|
|
|
Registered Office : |
Brabantstraat, 14, 2870 Puurs |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
24.11.1995 |
|
|
|
|
Com. Reg. No.: |
456551086 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
Line of Business : |
Agents involved in
the sale of textiles, clothing, fur, footwear and leather goods |
|
|
|
|
No. of Employees : |
5 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 456551086
Company name GLOBAL SAFETY NV
Address BRABANTSTRAAT
14
2870 PUURS
Number of staff
5
Date of establishment 24/11/1995
Telephone number 038209860
Fax number 038209861
Company Company
Name Number
V12 NV 894457289
The business was established
over 18 years ago.
The business has 8 employees.
The business is part of a
group.
The business has been at the
address for over 14 months.
Operating Result in the
latest trading period decreased 63% on the previous trading period.
Pre-tax profits decreased by
28% compared to the previous trading period.
The business saw a decrease in their Cash Balance of 98% during the latest trading period.
Accounts
|
Date of
latest accounts |
Turnover |
Profit Before
Tax |
Net worth |
Working
capital |
|
31/12/2013 |
58,155,748 |
702,525 |
14,989,490 |
14,952,040 |
|
31/12/2012 |
62,165,419 |
984,599 |
14,283,127 |
14,168,205 |
|
31/12/2011 |
65,719,763 |
1,955,866 |
13,276,084 |
18,278,167 |
Accounts
|
Date of latest
accounts |
Balance
Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2013 |
26,874,065 |
5 |
3,700,000 |
706,766 |
|
31/12/2012 |
24,052,004 |
7 |
3,700,000 |
1,007,356 |
|
31/12/2011 |
29,689,656 |
6 |
3,700,000 |
1,979,128 |
Past
payments Payment
expectation days 74.53
Industry
average payment 97.05 Industry average day sales 136.92
expectation
days outstanding
Day sales
outstanding 84.94
Bankruptcy details
Court action type no
Protested bills
Bill amount -
NSSO details
Date of summons –
Business number 456551086 Company name GLOBAL SAFETY NV
Fax number 038209861 Date founded 24/11/1995
Company status active Company type Public Limited Liability
Company (BE)
Currency Euro (€) Date of latest accounts 31/12/2013
Activity code 46160 Liable for VAT yes
Activity
description Agents involved in the sale
of textiles, clothing, fur,
footwear and leather goods VAT Number BE.0456.551.086 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 3
Part-time Employees 5
Total Fte Employees 7
Number of hours worked
Full-time Employees 4,680
Part-time Employees 5,823
Total 10,503
Personnel Charges
Full-time Employees 175,592
Part-time Employees 218,477
Total 394,070
Benefits In Addition ToWages
–
During the previous reporting year
Average number employees in Fte 7
Actual working hours 10,410
Personnel Charges 378,975
Benefits In Addition ToWages
–
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 2 5 6
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
- - -
Secondairy education
-
2 2
Higher education (non
university) 1 1 2
Higher education
(university) - 2 2
Working Category Full-Time
Part-Time Total Fte
Management - - -
White collar worker 2 5 6
Blue collar worker
- - -
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 4 - 4
Leavers 5 - 5
Total of formal continuing vocational training
initiatives for workers paid by the employer Male Female
Number of employees - 1
Number of training hours - 70
Net costs for enterprise - 2,300
Significant Events
Event Date 28/03/2013
Event Description re-appointment of
director(s)
Event Details Commentaar
28-03-2013: Herbenoemd als bestuurders voor een periode van 6 jaar :
Vandeputte Dirk
(tevens als gedelegeerd bestuurder) en Vandeputte Stefan.
|
Annual
accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
58,155,748 |
-6.45 |
62,165,419 |
-5.41 |
65,719,763 |
6,852,193 |
748 |
|
Total
operating expenses |
57,752,881 |
-5.42 |
61,062,200 |
-3.85 |
63,506,574 |
6,761,390 |
754 |
|
Operating
result |
402,867 |
-63.48 |
1,103,219 |
-50.15 |
2,213,189 |
35,292 |
1041 |
|
Total financial income |
479,900 |
3.39 |
464,164 |
-26.26 |
629,486 |
30,042 |
1497 |
|
Total financial expenses |
180,241 |
-69.07 |
582,784 |
-34.28 |
886,809 |
29,989 |
501 |
|
Results on ordinary
operations before taxation |
702,525 |
-28.65 |
984,599 |
-49.66 |
1,955,866 |
31,580 |
2124 |
|
Taxation |
111 |
20.62 |
92 |
91870 |
0 |
29,729 |
-99 |
|
Results on ordinary
operations after taxation |
702,415 |
-28.65 |
984,507 |
-49.66 |
1,955,866 |
10,722 |
6451 |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
-26,075 |
0 |
|
Other appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
702,415 |
-28.65 |
984,507 |
-49.66 |
1,955,866 |
-14,568 |
4821 |
|
other information |
|||||||
|
Gross Operating Margin |
- |
- |
- |
- |
- |
94,128 |
- |
|
Dividends |
- |
- |
- |
- |
- |
282,479 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
30,000 |
- |
|
Employee costs |
394,070 |
3.98 |
378,975 |
6.24 |
356,730 |
525,802 |
-25.05 |
|
Wages and salary |
299,352 |
8.75 |
275,260 |
2.08 |
269,656 |
434,220 |
-31.06 |
|
Employee pension costs |
- |
- |
- |
- |
- |
7,338 |
- |
|
Social security
contributions |
74,046 |
4.19 |
71,069 |
2.52 |
69,320 |
110,962 |
-33.27 |
|
Other employee costs |
20,672 |
-36.68 |
32,645 |
83.88 |
17,754 |
11,972 |
72.67 |
|
Amortization and
depreciation |
4,352 |
-80.95 |
22,848 |
-1.78 |
23,262 |
85,488 |
-94.91 |
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 0 - 3,948 - 26,484 45,077 -100
Tangible fixed assets 21,234 48367 44 - 87.71 356 431,831 -95.08
Land & building - - - - - 571,731 -
Plant & machinery - - - - - 79,271 -
Furniture & Vehicles 21,234 48367 44 -87.71 356 35,679 7,240 -40.49
Leasing & Other Similar Rights - - - - - 75,087 7,514 -
Other tangible assets 0 - 0 - 0 88,543 -100
Financial fixed assets 16,217 -85.88 114,878 17.75 97,560 330,962 -95.10
Total fixed assets 37,450 -68.49 118,870 -4.45 124,401 635,863 -94.11
Inventories 12,527,306 -5.11 13,202,464 2.10 12,931,435 546,744 2191
Raw materials & consumables 106,995 -23.79 140,395 -10.54 156,941 118,189 -9.47
Work in progress 0 - 0 - 0 416 -100
Finished goods 12,420,311 -4.91 13,062,069 2.25 12,774,494 244,339 4983
Other stocks 0 - 0 - 0 60,713 -100
Trade debtors 13,533,698 31.77 10,270,578 -23.87 13,491,126 95,099 14131
Cash 1,116 -98.47 73,115 138 30,676 177,665 -99
other amounts receivable 407,997 58.47 257,466 -87.64 2,082,458 155,572 162
Miscellaneous current assets 366,498 182 129,510 -87.42 1,029,561 90,191 306
Total current assets 26,836,615 12.13 23,933,133 -19.05 29,565,255 816,841 3185
Total Assets 26,874,065 11.73
24,052,004 -18.99 29,689,656 1,414,245
1800
188,420
current
liabilities
Trade creditors 11,792,066 39.02 8,482,538 -18.49 10,406,460 219,079 5282
Short term group loans - - - - - - -
Financial debts 287 -99
266,490 -
- 318,153 -99
15,257
Current
portion of long term debt - - - - - 116,150
14,686
Amounts
Payable for Taxes,
Remuneration&
Social Security 60,521
-93.98 1,005,730 176
363,535 9,815 - -30.24
Miscellaneous current liabilities 31,701 211 10,170 -98.03 517,092 -84.31 --
Total current liabilities 11,884,575 21.71 9,764,928 -13.49 11,287,088 635,891 1768
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans - - - - 5,100,000 - --
Deffered taxes - - - - - 82,400 47,597 -
Provisions for Liabilities & Charges 0 - 0 - 0 12,727 0 -100
Other long term liabilities 0 - 0 - 0 16,963 -100
Total long term debts 0 - 0 -100 5,100,000 253,022 -100
shareholders equity
Issued share capital 3,700,000 0 3,700,000 0 3,700,000 179,616 1959
Share premium account - - - - - 64,638 -
Reserves 11,289,490 6.63 10,587,075 10.25 9,602,568 283,870 3876
Revaluation reserve - - - - - 1,179,830 -
Total shareholders equity 14,989,490 4.92 14,287,075 7.40 13,302,568 520,074 2782
Working capital 14,952,040 5.53 14,168,205 -22.49 18,278,167 180,949 8163
Cashflow 706,766 -29.84 1,007,356 -49.10 1,979,128 64,104 1002
Net worth 14,989,490 4.95 14,283,127 7.59 13,276,084 473,812 3063
|
Annual
accounts |
31-12-2013 |
Change (%) |
31-12-2012 |
Change (%) |
31-12-2011 |
Industry average 2013 |
% |
|
Trading
performance |
|||||||
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
1.21 |
-23.42 |
1.58 |
-46.98 |
2.98 |
-259,00 |
0.47 |
|
Return on capital employed |
4.69 |
-31.93 |
6.89 |
-35.18 |
10.63 |
0,00 |
- |
|
Return on total assets employed |
2.61 |
-36.19 |
4.09 |
-37.94 |
6.59 |
4,00 |
-34.75 |
|
Return on net assets employed |
4.69 |
-31.93 |
6.89 |
-53.13 |
14.70 |
27,00 |
-82.63 |
|
Sales / net working capital |
3.89 |
-11.39 |
4.39 |
21.94 |
3.60 |
4,00 |
-99 |
|
Stock turnover ratio |
21.54 |
1.41 |
21.24 |
7.93 |
19.68 |
524,00 |
-95.89 |
|
Debtor days |
84.94 |
40.86 |
60.30 |
-19.52 |
74.93 |
307,00 |
-72.33 |
|
Creditor days |
74.53 |
47.00 |
50.70 |
-15.23 |
59.81 |
782,00 |
-90.47 |
|
|
|
short term stability |
|
|
|
|
|
|
Current ratio |
2.26 |
-7.76 |
2.45 |
-6.49 |
2.62 |
9,00 |
-24.67 |
|
Liquidity ratio / acid ratio |
1.20 |
9.09 |
1.10 |
-25.17 |
1.47 |
8,00 |
-85.00 |
|
Current debt ratio |
0.79 |
16.18 |
0.68 |
-20.0 |
0.85 |
3,00 |
-73.67 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
|
long term stability |
|
|
|
|
|
|
Gearing |
0 |
-100 |
1.87 |
-95.12 |
38.34 |
100,00 |
-100 |
|
Equity in percentage |
55.78 |
-6.11 |
59.41 |
32.46 |
44.85 |
-99,00 |
56.34 |
|
Total debt ratio |
0.79 |
16.18 |
0.68 |
-44.72 |
1.23 |
4,00 |
-80.25 |
Payment expectation days 74.53
Day sales outstanding 84.94
Activity code 46160
Activity description Agents involved in
the sale of textiles, clothing, fur, footwear and leather goods
Industry average payment
expectation days 97.05
Industry average day sales
outstanding 136.92
Payment expectations
Company result 74.53
Lower 86.48
Median 32.05
Upper 8.78
Day sales outstanding
Company result 84.94
Lower 86.22
Median 34.42
Upper 11.63
Company name Number
Latest financials
- V12 NV 894457289
31-12-2012
- - PROSAFCO NV 896106685
31-12-2013
- - - MITRANS BVBA 872109875
31-12-2009
- - - SMEKENS NV 417866003
31-12-2012
- - VANDEPUTTE
SAFETY INTERNATIONAL NV 442204093
31-12-2012
- - - DIMEX NV 430151250
31-12-2012
- - - GLOBAL SAFETY
NV 456551086
31-12-2013
- - - MOSA
PROTECTION SA 454036016
31-12-2007
- - - SAMURAI@WORK
NV NV 421435997
31-12-2012
- - - - FUTURE
OBJECTS IN VEREFFENING NV 466997788 310-03-2006
- - - BV
BEHEERSMAATSCHAPPIJ VAN DUIVENVOORDE ...
- - - SAFETY ON LINE
FRANCE SA 418919155
31-12-2003
- - Z-GROUP NV 477196745
31-12-2012
- - - VANDEPUTTE SAFETY
SOLUTIONS NV 439098412 31-12-2008
- - - Z-SAFETY
SYSTEMS NV 479335002
31-12-2012
- - - Z-SAFETY &
SERVICES GMBH HRB
9833 31-12-2012
- - - Z-SAFETY &
SERVICES SAS
- - - Z-SAFETY &
SERVICES SOC.ETR. E.P.B.
- - - Z-SYSTEMS GMBH
HRB
13827 31-12-2012
Minority
Shareholders
|
Business
number |
Company
name |
|
% |
Date
of accounts |
|
430151250 |
Dimex
NV |
|
0.01 |
31/12/2012 |
Minority
Interests
|
Business
number |
Company
name |
% |
Date
of accounts |
|
452226074 |
VDP
Safety NV |
0.03 |
31/12/2012 |
|
456550789 |
Custom
Safety NV |
0.02 |
31/12/2013 |
|
424935818 |
Ab
Safety NV NV |
0.02 |
31/12/2012 |
|
430151250 |
Dimex
NV |
0.01 |
31/12/2012 |
Shareholder Name
Forename - Middle name -
Surname -
Shareholder Details
Start date 24/11/1995 End date -
Percentage owned -
Shareholder Address
Street name Ransuildreef House number 4
Minor town - Postal town Schoten
Post code 2900 Country Belgium
Business number 456551086
Name of defendant -
Legal form of defendant -
Date of summons
-
Labour court –
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.