|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANSELL HEALTHCARE EUROPE SA |
|
|
|
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Registered Office : |
Internationalelaan 55 1070 Brussel |
|
|
|
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Country : |
Belgium |
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|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
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Date of Incorporation : |
26.05.1989 |
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|
|
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Com. Reg. No.: |
437593328 |
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|
|
|
Legal Form : |
Public Limited Liability Company
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|
|
|
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Line of Business : |
Subject is engaged in business and other management consultancy activities. |
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|
|
|
No. of Employees |
126 |
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 |
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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 |
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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 437593328
Company name ANSELL HEALTHCARE EUROPE SA
Address INTERNATIONALELAAN 55
1070 BRUSSEL
Number of staff 126
Date of establishment 26/05/1989
Telephone number 02528 74 00
Fax number 02528 74 01
The business was established over 25 years ago.
The business has 100 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 2 years.
A 46% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 49% compared to the previous trading period.
The business saw an increase in their Cash Balance of 78% during the latest trading period.
Working Capital is a negative amount during the latest trading period.
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
30/06/2013 |
204,308,555 |
4,453,889 |
25,702,995 |
-55,897,537 |
|
30/06/2012 |
195,341,221 |
2,975,753 |
22,080,553 |
-100,393,067 |
|
30/06/2011 |
177,665,292 |
2,589,862 |
20,990,756 |
-44,116,113 |
|
Date of latest
accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
30/06/2013 |
312,840,906 |
126 |
16,337,161 |
4,066,758 |
|
30/06/2012 |
213,668,534 |
128 |
16,337,161 |
1,485,649 |
|
30/06/2011 |
185,634,719 |
136 |
16,337,161 |
1,459,338 |
Past
payments Payment expectation days 46.95
Industry average payment 99.08 Industry average day sales 901.28
expectation
days outstanding
Day
sales outstanding 56.89
Business number 437593328
Company name ANSELL
HEALTHCARE EUROPE SA
Fax number 02528 74 01
Date founded 26/05/1989
Company status active
Company type Public Limited Liability Company (BE)
Currency Euro (€)
Date of latest accounts 30/06/2013
Activity code 70220
Liable for VAT yes
Activity description Business
and other management consultancy activities
VATNumber BE.0437.593.328
Social Balance Sheet Total
During the reporting year
ended 30-06-2013
Full-time Employees 118
Part-time Employees 14
Total Fte Employees 127
Number of hours worked
Full-time Employees 196,131
Part-time Employees
12,727
Total 208,858
Personnel Charges
Full-time Employees 16,712,748
Part-time Employees
1,084,461
Total 17,797,209
Benefits In Addition ToWages 154,972
During the previous reporting year
Average number employees in Fte
129
Actual working hours
208,878
Personnel Charges
19,828,594
-
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 115 13 123
Limited Duration
Contracts 3 - 3
Contracts For Specific
Work - - -
Contracts Regarding
Substitution
Level
Men Full-Time
Part-Time Total Fte
Primary education - - -
Secondairy education 9 - 9
Higher education (non
university) 19 2 20
Higher education
(university)
24 1 25
Women Full-Time Part-Time Total Fte
Primary education
- -
-
Secondairy education 10 5 14
Higher education (non
university) 20 - 20
Higher education
(university) 36 - 20
Working Category Full-Time Part-Time Total Fte
Management 8 - 8
White collar worker 110 13 118
Blue collar worker
-
- -
Other -
- -
Temporary personnel Total
Average number of temporary staff 7
Actual working hours 13,237
Cost of temporary staff 444,052
New staff and leavers Full-Time
Part-Time Total Fte
New Starters 18 - 18
Leavers 20 1 21
Total of formal continuing vocational training
initiatives for workers paid by the employer Male Female
Number of employees 54 81
Number of training hours 495 766
Net costs for enterprise
48,325
50,530
Total of less formal and informal continuing
vocational training initiatives for workers paid by the
employer Male Female
Number of employees 5 4
Number of training hours 23 27
Net costs for enterprise 1,300 1,350
Code -
Description FROM 100 TO 199
EMPLOYEES
JIC Code 109
Description JC for the
industry of the clothing and garments firms
Event Date 30/04/2014
Event Description proposal of merger
by absorption filed
Commentaar
30-04-2014: Neerlegging van een voorstel tot fusie waarbij de NVMarigold
Event Details Industrial Benelux
(overgenomen vennootschap) zal worden overgenomen door de NV
Ansell Heathcare
Europe (overnemende vennootschap) door middel van fusie d
Event Date 30/04/2014
Event Description proposal of merger
by absorption fil
Event Details oor overneming.
Annual accounts 30-06-2013 % 30-06-2012 % 30-06-2011 averageIndustry %
2013
Weeks 52 52 52
Currency EUR EUR EUR
Turnover 204,308,555 4.59 195,341,221 9.95 177,665,292 2,012,982 10049
Total operating expenses 195,044,373 4.63 186,413,071 11.00 167,940,879 1,807,768 10689
Operating result 9,264,182 3.76 8,928,150 -8.19 9,724,413 70,477 13044
Total financial income 4,179,134 782 473,743 66.04 285,311 112,860 3602
Total financial expenses 8,989,427 39.89 6,426,140 -13.39 7,419,862 39,244 22806
Results on ordinary operations before
Taxation 4,453,88 749.67 2,975,753 14.90 2,589,862 132,471 3262
Taxation 440,332 -62.17 1,163,916 23.28 944,136 26,476 1563
Results on ordinary operations after
Taxation 4,013,557 121 1,811,837 10.09 1,645,726 110,364 3536
Extraordinary items -386,688 57.19 -676,204 -23.89 -545,815 37,957 -1118
Other appropriations 0 - 0 - 0 - -
Net result 3,626,869 219 1,135,633 3.25 1,099,911 148,025 2350
OTHER INFORMATION
Gross Operating Margin - - - - - 96,334 -
Dividends - - - - - 778,024 -
Director remuneration - - - - - 456,403 -
Employee costs 17,797,209 -10.24 19,828,594 12.52 17,621,811 464,745 3729
Wages and salary 12,525,411 7.00 11,705,752 0.52 11,645,592 398,280 3044
Employee pension costs - - - - - 6,576 -
Social security contributions 3,213,391 3.17 3,114,760 6.88 2,914,345 116,098 2667
Other employee costs 2,058,407 -58.90 5,008,082 63.56 3,061,874 7,949 25795
Amortization and depreciation 439,889 25.68 350,016 -2.62 359,427 32,414 1257
Annual accounts 30-06-2013 % 30-06-2012 % 30-06-2011 averageIndustry %
2013
Weeks 52 52 52
Currency EUR EUR EUR
Intangible fixed assets 87,206 - 82,780 - 36,944 27,012 222
Tangible fixed assets 2,757,623 225 846,685 -16.23 1,010,686 329,253 737
Land & building - - - - - 542,260 -
Plant & machinery 351,162 -13.41 405,538 -35.39 627,668 22,194 1482
Furniture & Vehicles 612,813 38.91 441,147 15.18 383,018 18,877 7,321 3146
Leasing and other similar rights - - - - - 96,474
10,976 --
Other tangible assets 1,793,648 - 0 - 0 19,945 8892
Financial fixed assets 224,342,909 47.96 151,626,935 18.46 127,997,615 3,621,188 6095
Total fixed assets 227,187,738 48.92 152,556,400 18.22 129,045,245 2,264,055 9934
Inventories 30,287,775 34.40 22,535,779 -19.56 28,017,001 419,435 7121
Raw materials & consumables - - - - - 184,555 -
Work in progress 0 - 0 - 0 16,078 -100
Finished goods 30,287,775 34.40 22,535,779 -19.56 28,017,001 2,483 1219705
Other stocks 0 - 0 - 0 20,766 -100
Trade debtors 31,843,858 3.66 30,720,822 46.51 20,967,698 83,264 38144
Cash 11,506,982 78.41 6,449,607 17.61 5,484,052 168,890 6713
other amounts receivable 11,148,644 1457 715,680 -49.98 1,430,664 769,104 1349
Miscellaneous current assets 865,909 25.45 690,246 0.03 690,059 204,653 323
Total current assets 85,653,168 40.16 61,112,134 7.99 56,589,474 1,258,299 6707
Total Assets 312,840,906 46.41 213,668,534 15.10 185,634,719 3.366.456
289.461 9192
Trade creditors 25,088,657 26.06 19,902,150 23.44 16,122,929 59,249 42244
Short term group loans - - - - - -
Financial
debts 44,440,779 -34,87
68,238,826 150 27,188,700 524,376
9,268
8374
Current portion of long term debt 65,212,745 0.20 65,080,988 30.16 50,000,000 117.359
17.973 55466
Amounts Payable for Taxes,
Remuneration & Social Security 6,665,490 - 18.33 8,161,616 12.90 7,229,031 8,975 - 15994
Miscellaneous current liabilities 143,034 17.61 121,621 -26.26 164,927 -58.29 --
Total current liabilities 141,550,705 -12.36 161,505,201 60.37 100,705,587 591,742 23821
LONG TERM DEBTS AND LIABILITIES
Long term group loans - - - - - - --
Other long term loans 145,500,000 385 30,000,000 -53.05 63,901,432 19280 --
Deffered taxes - - - - - 53,040,
17,247 --
Provisions for Liabilities & Charges 0 - 0 - 0 19,556 0 -100
Other long term liabilities 0 - 0 - 0 41,792 -100
Total long term debts 145,500,000 385 30,000,000 -53.05 63,901,432 425,301 34111
Shareholders Equity
Issued share capital 16,337,161 0 16,337,161 0 16,337,161 1,592,261 926
Share premium account - - - - - 7,017,644 -
Reserves 9,453,040 62.25 5,826,172 24.21 4,690,539 557,446 1595
Revaluation reserve - - - - - 260,432 -
Total shareholders equity 25,790,201 16.36 22,163,333 5.40 21,027,700 2,346,403 999
Working capital -55,897,537 55.68 -100,393,067 -127 -44,116,113 666,558 -8485
Cashflow 4,066,758 173 1,485,649 1.80 1,459,338 176,349 2206
Net worth 25,702,995 16.41 22,080,553 5.19 20,990,756 2,317,611 1009
Annual accounts 30-06-2013 Change % 30-06-2012 Change % 30-06-2011 averageIndustry %
2013
TRADING PERFORMANCE
Profit Before Tax 2.18 43.42 1.52 4.11 1.46 106,00 -97.94
Return on capital employed 2.60 -54.39 5.70 86.89 3.05 30,00 -91.33
Return on total assets
Employed 1.42 2.16 1.39 -0.71 1.40 -37,00 3.84
Return on net assets employed 17.27 28.59 13.43 9.01 12.32 47,00 -63.26
Sales / net working capital -3.66 -87.69 -1.95 48.39 -4.03 23.441,00 -100
Stock turnover ratio 14.82 28.42 11.54 -26.82 15.77 308,00 -95.19
Debtor days 56.89 -0.89 57.40 33.24 43.08 923,00 -93.84
Creditor days 46.95 20.48 38.97 11.22 35.04 100,00 -53.05
SHORT TERM STABILITY
Current ratio 0.61 60.53 0.38 -32.14 0.56 42,00 -69.50
Liquidity ratio / acid ratio 0.39 62.50 0.24 -14.29 0.28 42,00 -99
Current debt ratio 5.49 -24.69 7.29 52.19 4.79 2,00 174
Liquidity ratio reprocessed - - - - - - -
LONG TERM STABILITY
Gearing 989.34 34.26 736.89 9.82 670.97 176,00 462
Equity in percentage 8.25 -20.52 10.38 -8.38 11.33 -1.586,00 0.52
Total debt ratio 11.13 28.82 8.64 10.34 7.83 3,00 271
Total number of Invoices available 3
Total number of Invoices paid within or up to 30 days after the due
date 2
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 reached1
Total number of Invoices currently outstanding beyond the due date 0
Payment expectation days 46.95
Day sales outstanding 56.89
Activity code 70220
Activity description Business and other
management consultancy activities
Industry average payment
expectation days 99.08
Industry average day sales
outstanding 901.28
Payment expectations
Company result 46.95
Lower 116.60
Median 58.10
Upper 27.62
Company result 56.89
Lower 66.41
Median 23.57
Upper
7.76
Group - Number of Companies 7
Linkages - Number of Companies 531
Number of Countries
49
Company name Number
Latest financials
- ANSELLHEALTHCAREEUROPE SA
437593328 30-06-2013
- - ANSELL GMBH HRB
72313 30-06-2012
- - ANSELL ITALY SRL
- - ANSELL SA
- - ANSELL SPAIN B84071497
- - MEDICAL TELECTRONICS
HOLDING AND FINANCE... 34054064
30-06-2013
- - UNIMIL S.A
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Group - Number of Companies 7
Linkages - Number of Companies 531
Number of Countries
49
Business number 437593328
Name of defendant -
Legal form of defendant -
Date of summons -
Labour court -
There is no bankruptcy data against this company
Bankruptcy
Data
Legal event type Branch Closure
Legal event sub type
Event date 07/11/2011
Secondary event date
3rd party name Ansell Healthcare
Europe
3rd party type Closed Branch
Internationalelaan
55
3rd party address Brussel
1070
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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 |
|
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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.