MIRA INFORM REPORT
|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TACHE
COMPANY NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 53, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.12.1957 |
|
|
|
|
Com. Reg. No.: |
404991430 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No of Employees : |
40 (31.12.2012) |
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 |
Company summary
|
Business number |
404991430 |
|
Company name |
TACHE COMPANY NV |
|
Address |
HOVENIERSSTRAAT 53 |
|
|
2018 ANTWERPEN |
|
Number of staff |
40 |
|
Date of establishment |
18/12/1957 |
|
Telephone number |
032341818 |
|
Fax number |
032318792 |
Ultimate holding company
Company name Company
Number
Taché Company NV 404991430
Commentary
|
The business was established over 36 years ago. |
|
|
The
business has 40 employees. |
|
|
The
business is part of a group. |
|
|
This
business has a foreign parent business. |
|
|
The
business has been at the address for over 3 years. |
|
|
Net
Worth increased by 381% during the latest trading period. |
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2012 231,263,566 472,453 24,178,969 133,043,536
31/12/2011 291,547,520 576,539 5,022,400
136,457,856
31/12/2010 188,991,399 305,889 4,529,634 131,983,988
Accounts
DATE OF LATEST
ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2012 203,533,509 40
21,681,440 560,895
31/12/2011 202,748,906 41 1,452,550
649,649
31/12/2010 169,754,186
35 1,406,506 472,849
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Past payments Payment expectation days 25.72
Industry average payment expectation days 165.27
Industry average day sales outstanding 126.84
Day sales outstanding 111.44
Court data summary
BANKRUPTCY DETAILS
Court action type no
Company information
Business number 404991430
Company name TACHÉ COMPANY NV
Fax number 032318792
Date founded 18/12/1957
Company status active
Company type Public Limited Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
Liable for VAT yes
VAT Number BE.0404.991.430
Check
Belgian Bullettin of Acts
Publications moniteur belge
Social
Balance Sheet details
|
Social Balance Sheet |
|
Total |
|
|
|
During
the reporting year ended 31-12-2012 |
||||
|
Full-time
Employees |
|
42 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total
Fte Employees |
|
42 |
|
|
|
|
||||
|
Number
of hours worked |
||||
|
Full-time
Employees |
|
71,513 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total |
|
71,513 |
|
|
|
|
||||
|
Personnel
Charges |
||||
|
Full-time
Employees |
|
1,704,957 |
|
|
|
Part-time
Employees |
|
- |
|
|
|
Total |
|
1,704,957 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
|
||||
|
During
the previous reporting year |
||||
|
Average
number employees in Fte |
39 |
|
|
|
|
Actual
working hours |
|
66,614 |
|
|
|
Personnel
Charges |
|
1,568,860 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
|
|
|
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration Contracts |
39 |
- |
39 |
|
|
Limited Duration Contracts |
1 |
- |
1 |
|
|
Contracts For Specific Work |
- |
- |
- |
|
|
Contracts Regarding Substitution |
- |
- |
- |
|
|
|
|
|||
|
|
|
|||
|
Gender and Education Level |
|
|||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
4 |
- |
4 |
|
|
Secondairy education |
14 |
- |
14 |
|
|
Higher education (non university) |
1 |
- |
1 |
|
|
Higher education (university) |
- |
- |
- |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
4 |
- |
4 |
|
|
Secondairy education |
17 |
- |
17 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|||
|
|
|
|||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White collar worker |
28 |
- |
28 |
|
|
Blue collar worker |
12 |
- |
12 |
|
|
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 |
|
Personnel
(NSSO
classification)
Code -
Description FROM 20 TO 49
EMPLOYEES
Joint Industrial Committee
(JIC)
Significant Events
Event Date 31/10/2012
Event Description
Event Details De 3847 nieuwe
aandelen worden toegekend aan Taché Enterprises.
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
231,263,566 |
-20.68 |
291,547,520 |
54.26 |
1
88,991,399 |
46,485,458 |
397 |
|
Total
operating expenses |
221,102,478 |
-21.07 |
280,116,884 |
57.17 |
178,229,501 |
46,114,879 |
379 |
|
Operating
result |
10,161,088 |
-11.11 |
11,430,636 |
6.21 |
1
0,761,898 |
141,119 |
7100 |
|
Total
financial income |
1,486,138 |
3198 |
45,055 |
145 |
1
8,369 |
98,884 |
1402 |
|
Total
financial expenses |
11,174,773 |
2.53 |
10,899,151 |
4.06 |
1
0,474,378 |
206,523 |
5310 |
|
Results
on ordinary operations before taxation |
472,453 |
-18.05 |
576,539 |
88.48 |
305,889 |
25,299 |
1767 |
|
Taxation |
141,519 |
-37.51 |
226,454 |
81.17 |
124,994 |
20,807 |
580 |
|
Results
on ordinary operations after taxation |
330,934 |
-5.47 |
350,085 |
93.53 |
1
80,895 |
10,494 |
3053 |
|
Extraordinary
items |
-24,393 |
-335 |
-5,604 |
-112 |
45,147 |
-3,973 |
-513 |
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
Net
result OTHER INFORMATION |
306,541 |
-11.01 |
344,481 |
52.40 |
226,042 |
6,539 |
4587 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
56,922 |
- |
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
- |
- |
434,270 |
13.23 |
383,523 |
112,544 |
- |
|
Employee
costs |
1,704,957 |
6.57 |
1,599,909 |
18.31 |
1,352,347 |
125,946 |
1253 |
|
Wages and salary |
1,286,424 |
19.60 |
1,075,628 |
21.55 |
884,954 |
105,550 |
1118 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security contributions |
326,948 |
-24.47 |
432,886 |
13.48 |
381,450 |
26,656 |
1126 |
|
Other employee costs |
91,585 |
0.21 |
91,395 |
6.34 |
85,943 |
4,349 |
2005 |
|
Amortization
and depreciation |
254,354 |
-16.65 |
305,168 |
23.65 |
246,807 |
17,831 |
1326 |
|
CURRENT
LIABILITIES |
|||||||
|
Trade Creditors |
15,578,787 |
55.55 |
10,015,397 |
8.48 |
9,232,464 |
3,148,030 |
394 |
|
Short Term Group Loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial Debts |
44,193,801 |
-16.17 |
52,717,139 |
109 |
25,196,574 |
4,280,807 189,666 |
932 |
|
Current Portion Of Long Term Debt |
- |
- |
- |
- |
- |
110,204 15,373 |
- |
|
Amounts Payable For Taxes, Remuneration & Social Security |
346,563 |
-25.36 |
464,319 |
49.88 |
309,803 |
9,740
- |
918 |
|
Miscellaneous Current Liabilities |
8,189,422 |
1102 |
681,142 |
2.50 |
664,547 |
2648 |
- - |
|
Total Current Liabilities |
68,308,573 |
6.94 |
63,877,997 |
80.43 |
35,403,388 |
5,462,976 |
1150 |
|
Long Term Debts And Liabilities |
|||||||
|
Long Term Group Loans |
- |
- |
|
- |
|
- |
- - |
|
Other Long Term Loans |
- |
- |
|
- |
|
- |
- - |
|
Deffered Taxes |
- |
- |
|
- |
|
37,626
26,358 |
- |
|
Provisions For Liabilities & Charges |
0 |
-0 |
-0 |
3,168
0 |
-100 |
||
|
Other Long Term Liabilities |
111,045,967 |
-17.04 |
133,848,509 |
3.10 |
129,821,164 |
128,026 |
86637 |
|
Total Long Term Debts |
111,045,967 |
-17.04 |
133,848,509 |
3.10 |
129,821,164 |
562,804 |
19630 |
|
Shareholders Equity |
|||||||
|
Issued Share Capital |
21,681,440 |
1392 |
1,452,550 |
3.27 |
1,406,506 |
967,968 |
2139 |
|
Share Premium Account |
- |
- |
1,335,499 |
3.27 |
1,293,165 |
109,362 |
- |
|
Reserves |
2,497,529 |
11.78 |
2,234,351 |
22.10 |
1,829,963 |
654,096 |
281 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
Total Shareholders Equity |
24,178,969 |
381 |
5,022,400 |
10.88 |
4,529,634 |
1,651,582 |
1363 |
|
Working Capital |
133,043,536 |
-2.50 |
136,457,856 |
3.39 |
131,983,988 |
1,865,621 |
7031 |
|
Cashflow |
560,895 |
-13.66 |
649,649 |
37.39 |
472,849 |
21,288 |
2534 |
|
Net Worth |
24,178,969 |
381 |
5,022,400 |
10.88 |
4,529,634 |
1,648,350 |
1366 |
Profit & Loss
|
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 |
0 |
- |
0 |
- |
0 |
1,573 |
-100 |
|
Tangible
fixed assets |
2,153,644 |
-10.42 |
2,404,271 |
1.91 |
2,359,243 |
184,117 |
1069 |
|
Land & building |
1,301,073 |
-5.82 |
1,381,426 |
-0.65 |
1,390,508 |
362,988 |
258 |
|
Plant & machinery |
712,654 |
-13.32 |
822,165 |
0.37 |
819,095 |
22,615 |
3051 |
|
Furniture & Vehicles |
139,917 |
-30.28 |
200,680 |
34.11 |
149,640 |
17,295 5,364 |
709 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
142,153 32,369 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
7,596 |
-100 |
|
Financial
fixed assets |
27,756 |
216 |
8,782 |
16.07 |
7,566 |
306,761 |
-90.95 |
|
Total
fixed assets |
2,181,400 |
-9.60 |
2,413,053 |
1.95 |
2,366,810 |
394,708 |
452 |
|
Inventories |
124,650,136 |
-10.23 |
138,860,859 |
19.53 |
116,167,649 |
3,105,524 |
3913 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,387 |
-100 |
|
Finished goods |
124,650,136 |
-10.23 |
138,860,859 |
19.53 |
116,167,649 |
1,996,655 |
6142 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
569,977 |
-100 |
|
Trade
debtors |
70,607,884 |
23.65 |
57,102,844 |
20.12 |
47,540,059 |
4,243,347 |
1563 |
|
Cash |
784,648 |
27.46 |
615,596 |
241 |
180,094 |
227,473 |
244 |
|
other
amounts receivable |
5,155,480 |
38.33 |
3,726,851 |
28.57 |
2,898,684 |
209,176 |
2364 |
|
Miscellaneous
current assets |
153,961 |
418 |
29,703 |
-95.06 |
600,890 |
18,254 |
743 |
|
Total
current assets |
201,352,109 |
0.51 |
200,335,853 |
19.68 |
167,387,376 |
7,328,597 |
2647 |
|
Total
Assets |
203,533,509 |
0.39 |
202,748,906 |
19.44 |
169,754,186 |
7,683,424 1,454,122 |
2548 |
Ratio Analysis
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.20 |
0 |
0.20 |
25.00 |
0.16 |
-29,00 |
0.69 |
|
Return
on capital employed |
0.35 |
-16.67 |
0.42 |
82.61 |
0.23 |
29,00 |
-98.79 |
|
Return
on total assets employed |
0.23 |
-17.86 |
0.28 |
55.56 |
0.18 |
-200,00 |
0.12 |
|
Return
on net assets employed |
1.95 |
-83.01 |
11.48 |
70.07 |
6.75 |
19,00 |
-89.74 |
|
Sales
/ net working capital |
1.74 |
-18.69 |
2.14 |
49.65 |
1.43 |
44,00 |
-99 |
|
Stock
turnover ratio |
53.90 |
13.16 |
47.63 |
-22.52 |
61.47 |
116,00 |
-53.53 |
|
Debtor
days |
111.44 |
55.88 |
71.49 |
-22.13 |
91.81 |
143,00 |
-22.07 |
|
Creditor
days SHORT TERM STABILITY |
25.72 |
97.09 |
13.05 |
-30.99 |
18.91 |
125,00 |
-79.42 |
|
Current
ratio |
2.95 |
-6.05 |
3.14 |
-33.62 |
4.73 |
6,00 |
-67.22 |
|
Liquidity
ratio / acid ratio |
1.12 |
16.67 |
0.96 |
-33.79 |
1.45 |
4,00 |
-72.00 |
|
Current
debt ratio |
2.83 |
-77.75 |
12.72 |
62.66 |
7.82 |
9,00 |
-68.56 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
182.78 |
-82.59 |
1049.64 |
88.70 |
556.26 |
357,00 |
-48.80 |
|
Equity
in percentage |
11.88 |
379 |
2.48 |
-7.12 |
2.67 |
-3.192,00 |
0.37 |
|
Total
debt ratio |
7.42 |
-81.15 |
39.37 |
7.92 |
36.48 |
11,00 |
-32.55 |
Industry
comparison
|
Payment expectations |
|||
|
Payment expectation days |
25.72 |
|
|
|
Day sales outstanding |
111.44 |
|
|
Industry
comparison
Activity code 46761
Activity description Wholesale
of diamonds and other precious stones
Industry average payment 165.27
expectation days
Industry average day sales 126.84
outstanding
Industry
quartile analysis
Payment expectations
Company result 25.72
Lower
134.13
Median 84.97
Upper 45.81
Day sales
outstanding
Company result 111.44
Lower 110.17
Median
59.01
Upper 28.11
Shareholder
Details
Summary
Group - Number of Companies 2
Linkages - Number of Companies 6
Number of Countries 3
Group Structure
|
Company name |
Number |
Latest |
|
|
|
financials |
|
- TACHE COMPANY NV |
404991430 |
31-12-2012 |
|
TACHE & COMPANY ITALIA
S.R.L. |
|
|
Minority Shareholders
Business number 861945958
Company name Taché
Enterprises
Date of accounts 31/12/2012
Minority Interests
Business number 434165664
Company name European Diamond Company in
vereffening BVBA
Date of accounts 31/12/2009
Business number 448601046
Company name Smolensk Diamonds NV
Date
of Accounts 31/12/2013
Linked Companies
Summary
Group - Number of Companies 2
Linkages - Number of Companies 6
Number of Countries 3
Linked Companies
NAME NUMBER
LATEST
KEYFINANCIALS TURNOVER
EUROPEAN DIAMOND
COMPANY
IN VEREFFENING
BVBA 434165664
31.12.2009 €1.182.223
SMOLENSK
DIAMONDS NV 448601046
31.12.2013 €138.616.135
UBM DIAMOND NV 452844993
31.12.2012 -
TACHÉ
ENTERPRISES CVA 861945958
31.12.2012 -
SMOLENSK
DIAMONDS ISRAEL -
-
-
SMOLENSK DAMONDS USA -
-
-
NSSO
details
Business number 404991430
Bankruptcy
details
There
is no bankruptcy data against this company
Bankruptcy
Data
Court Data
there is
no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
MNL |
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.