MIRA INFORM REPORT

 

 

Report Date :

18.09.2014

 

IDENTIFICATION DETAILS

 

Name :

HAMON THERMAL EUROPE SA

 

 

Registered Office :

Rue Emile Francqui 2 1435 Mont-Saint-Guibert

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

06.02.1984

 

 

Com. Reg. No.:

425256215

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in engineers and related technical advisors, excl. surveyors

 

 

No. of Employees

53

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Slow

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 name and address

 

Business number

425256215

Company name

HAMON THERMAL EUROPE SA

Address

RUE EMILE FRANCQUI 2

 

1435 MONT-SAINT-GUIBERT

Number of staff

63

Date of establishment

06/02/1984

Telephone number

010390400

Fax number

010390501

 

 

Commentary

 

The business was established over 30 years ago.

The business has 50 employees.

The business is part of a group.

The business has been at the address for over 8 years.

Net Worth decreased by 468% during the latest trading period.

The business saw a decrease in their Cash Balance of 41% during the latest trading period.

Net Worth is a negative amount during the latest trading period.

Turnover in the latest trading period increased 104% on the previous trading period.

 

 

Accounts

 

DATE OF LATEST ACCOUNTS

TURNOVER

PROFIT BEFORE TAX

NET WORTH

WORKING CAPITAL

31/12/2013

93,286,616

-5,277,841

-5,239,758

7,026,967

31/12/2012

45,570,508

-3,063,688

1,420,411

-8,975,229

31/12/2011

23,165,398

-2,042,224

6,314,814

-2,152,232

 

 

Accounts

 

DATE OF LATEST ACCOUNTS

BALANCE TOTAL

NUMBER OF EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

59,969,049

63

10,680,000

-5,402,394

31/12/2012

59,933,349

63

10,680,000

-2,184,037

31/12/2011

43,749,097

54

10,680,000

-690,165

 

 

Payment expectations

Past payments

 

Payment expectation days

87

Industry average payment

91.55

Industry average day sales

199.07

 

 

Court data summary

 

NSSO DETAILS

Date of summons 26/09/2008

 

 

Company information

 

Business number

425256215

Company name

HAMON THERMAL

EUROPE SA

Company status

active

Company type

Public Limited Liability Company (BE)

Currency

Euro (€)

Date of latest accounts

31/12/2013

Activity code

71121

Liable for VAT

yes

Activity description

Engineers and related technical advisors, excl. surveyors

VAT Number

BE.0425.256.215 Check VAT number

 

 

Contractor details

 

Registered contractor number             031113

Contractor description                         Autres activités

Date struck off register             24/06/2009 00:00:00

 

 

Social Balance Sheet Details

 

Social Balance Sheet

Total

 

During the reporting year ended 31-12-2013

Full-time Employees

63

 

Part-time Employees

2

 

Total Fte Employees

65

 

 

Number of hours worked

Full-time Employees

98,794

 

Part-time Employees

2,820

 

Total

101,614

 

 

Personnel Charges

Full-time Employees

6,796,302

 

Part-time Employees

193,996

 

Total

6,990,298

 

Benefits In Addition To Wages

93,173

 

 

During the previous reporting year

Average number employees in Fte

61

 

Actual working hours

95,405

 

Personnel Charges

6,739,802

 

Benefits In Addition To Wages

86,378

 

 

 

Type of Contract Full-Time

Part-Time

Total Fte

Unlimited Duration 62 Contracts

2

64

 

 

Number of employees

26

5

Number of training hours

1,113

163

Net costs for enterprise

111,916

13,535

 

Men

Full-Time

Part-Time

Total Fte

 

Primary education              -                                     - -

Secondairy education

3

-

3

 

Higher education (non university)

12

-

12

 

Higher education (university)

40

-

40

 

Women

Full-Time

Part-Time

Total Fte

 

Primary education              -                                     - -

Secondairy education          -                                     - -

Higher education (non university)

6

2

8

 

Higher education (university)

1

-

1

 

 

 

Working Category

Full-Time

Part-Time

Total Fte

 

Management

7

-

7

 

White collar worker

54

2

56

 

Blue collar worker

1

-

1

 

Other                               -                                     - -

 

 

 

 

 

 

Temporary personnel

 

Total

 

 

Average number of temporary staff

2

 

 

Actual working hours

 

3,451

 

 

Cost of temporary staff

 

1 44,756

 

 

 

 

New staff and leavers

Full-Time

Part-Time

Total Fte

 

New Starters

9

-

9

 

Leavers

7

2

9

 

 

 

 

 

 

 

Total of formal continuing vocational training initiatives

 

for workers paid by the employer        Male                Female

Number of employees                                     26                     5

Number of training hours                     1,113                163

Net costs for enterprise                        111,916             13,535

 

 

Joint Industrial Committee (JIC)

 

JIC Code 209

Description Joint committee for the employees off the metal industry

category

 

 

Significant Events

 

Event Date                   18/04/2014

Event Description         resignation-appointment of director(s)

Event Details                Commentaire 18-04-2014: Confirmer la nomination de Christian Leclercq en qualité

d'administrateur, en remplacement de Bernard Van Diest, démissionnaire.

 


 

Profit & loss

 

Profit & loss

 

Annual accounts

31-12-2013

%

31-12-2012

%

31-12-2011

Industry average 2013

%

 

Weeks

52

 

52

 

52

 

 

 

Currency

EUR

 

EUR

 

EUR

 

 

 

Turnover

93,286,616

104

45,570,508

96.72

23,165,398

4,585,994

1934

 

Total operating expenses

98,795,271

104

48,358,487

91.47

25,256,764

4,428,904

2130

 

Operating result

-5,508,656

-97.59

-2,787,979

-33.31

-2,091,366

66,203

-8420

 

Total financial income

5,093,581

155

1,993,655

73.69

1,147,821

91,329

5477

 

Total financial expenses

4,862,767

114

2,269,364

106

1,098,679

72,140

6640

 

Results on ordinary operations before taxation

-5,277,841

-72.27

-3,063,688

-50.02

-2,042,224

77,812

-6882

 

Taxation

34,992

-82.22

196,816

15927

1,228

30,068

16.38

 

Results on ordinary operations after taxation

-5,312,833

-62.95

-3,260,503

-59.56

-2,043,452

52,592

-10201

 

Extraordinary items

-1,774,050

-498

-296,463

-2295

-12,377

-42,776

-4047

 

Other appropriations

0.00

-

0.00

-

0

-

-

 

Net result

-7,086,884

-99

-3,556,966

-73.02

-2,055,829

9,734

-72905

 

OTHER INFORMATION

 

 

 

 

 

 

 

 

Gross Operating Margin

-

-

-

-

-

175,144

-

 

Dividends

-

-

-

-

-

258,673

-

 

Director remuneration

-

-

-

-

-

160,920

-

 

Employee costs

7,041,822

3.02

6,835,592

24.07

5,509,274

820,270

758

 

Wages and salary

4,923,092

-1.16

4,980,885

25.39

3,972,167

648,012

659

 

Employee pension costs

51,524

-

95,789

-

148,851

58,522

-11.96

 

Social security contributions

1,389,799

12.33

1,237,215

40.56

880,200

184,280

654

 

Other employee costs

677,407

29.85

521,702

2.69

508,056

23,672

2761

 

Amortization and depreciation

1,684,490

22.69

1,372,929

0.53

1,365,664

50,020

3267

 

 

balance sheet

 

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

5,468,776

-

5,895,491

-

4,558,054

54,851

9870

Tangible fixed assets

244,512

-27.17

335,736

-77.78

1,511,072

370,843

-34.07

Land & building

1 94,771

-25.00

259,695

-20.00

324,619

518,249

-62.42

Plant & machinery

30,153

-39.16

49,557

11.54

44,429

80,561

-62.57

Furniture & Vehicles

1 9,588

-19.88

24,448

48.88

16,421

24,934 8,820

-21.44

Leasing & Other Similar Rights

-

-

-

-

-

526,929 12,923

-

Other tangible assets

0

-100

2,037

-99

1,125,603

40,227

-100

Financial fixed assets

10,194,761

-12.19

11,609,799

0.00

11,609,799

3,984,279

155

Total fixed assets

1 5,908,049

-10.83

17,841,026

0.92

17,678,925

2,440,497

551

Inventories

1 2,864,1 97

16.14

11,076,896

85.77

5,962,665

1,144,255

1024

Raw materials & consumables

-

-

-

-

-

500,420

-

Work in progress

1 2,864,1 97

16.14

11,076,896

85.77

5,962,665

150,533

8445

Finished goods

0

-

0

-

0

7,470

-100

Other stocks

0

-

0

-

0

90,380

-100

Trade debtors

24,190,498

0.75

24,009,529

79.94

13,343,098

325,245

7337

Cash

625,293

-41.95

1,077,242

-64.28

3,015,520

206,360

203

other amounts receivable

6,275,941

7.54

5,836,029

59.99

3,647,645

587,169

968

Miscellaneous current assets

105,071

13.43

92,627

-8.51

101,244

280,343

-62.52

Total current assets

44,061,001

4.68

42,092,323

61.46

26,070,172

1,645,930

2576

Total Assets

59,969,049

0.06

59,933,349

36.99

43,749,097

3,917,476 220,045

1430

 

 

 

CURRENT LIABILITIES

 

Trade creditors

23,549,536

15.17

20,447,598

43.71

14,228,637

231,011

10094

 

Short term group loans

-

-

-

-

-

-

-

 

Financial debts

-

-

-

-

-

268,597 15,758

-

 

Current portion of long term debt

135,539

0

135,539

165

51,095

99,068 13,322

36.81

 

Amounts Payable for Taxes, Remuneration & Social Security

2,083,210

-5.79

2,211,344

49.56

1,478,615

11,961 -

2186

 

Miscellaneous current liabilities

11,265,749

-60.15

28,273,071

126

12,464,057

1869

- -

 

Total current liabilities

37,034,034

-27.48

51,067,552

80.95

28,222,404

973,212

3705

 

LONG TERM DEBTS AND LIABILITIES

 

Long term group loans

-

-

-

-

-

-

- -

 

Other long term loans

21,200,000

-

-

-

3,084,444

678

- -

 

Deffered taxes

-

-

-

-

-

31,684 6,959

-

 

Provisions for Liabilities & Charges

39,287

-52.77

83,186

-19.10

102,823

55,778 0

-29.57

 

Other long term liabilities

1,466,710

0

1,466,710

0.01

1,466,558

30,718

4674

 

Total long term debts

22,705,997

1365

1,549,896

-66.70

4,653,825

1,296,560

1651

 

SHAREHOLDERS EQUITY

 

Issued share capital

10,680,000

0

10,680,000

0

10,680,000

647,862

1548

 

Share premium account

1,155

0

1,155

-0.02

1,155

19,567,336

-99

 

Reserves

-10,452,137

-210

-3,365,253

-1855

191,713

445,787

-2444

 

Revaluation reserve

-

-

-

-

-

247,591

-

 

Total shareholders equity

229,018

-96.87

7,315,902

-32.71

10,872,868

1,647,637

-86.10

 

Working capital

7,026,967

78.29

-8,975,229

-317

-2,152,232

672,718

944

 

Cashflow

-5,402,394

-147

-2,184,037

-216

-690,165

55,196

-9887

 

Net worth

-5,239,758

-468

1,420,411

-77.51

6,314,814

1,589,318

-429

 


 

ratio analysis

 

Annual accounts

TRADING PERFORMANCE

31-12-2013

change(%)

31-12-2012

change(%)

31-12-2011

Industry average 2013

%

Profit Before Tax

-5.66

84.23

-6.72

76.19

-8.82

-118,00

4.80

Return on capital employed

-23.01

66.58

-34.56

-162

-13.15

21,00

-209

Return on total assets employed

-8.80

-72.21

-5.11

-9.42

-4.67

-31,00

28.39

Return on net assets employed

-2304.55

-5402

-41.88

-123

-18.78

30,00

-7781

Sales / net working capital

13.28

261

-5.08

47.21

-10.76

-2,00

-99

Stock turnover ratio

13.79

-43.27

24.31

-5.56

25.74

324,00

-95.74

Debtor days

94.65

-50.78

192.31

-8.53

210.24

199,07

-52.45

Creditor days

SHORT TERM STABILITY

87

-43.63

154.33

-24.95

205.63

91,55

-4.97

Current ratio

1.19

45.12

0.82

-10.87

0.92

13,00

119

Liquidity ratio / acid ratio

0.84

37.70

0.61

-14.08

0.71

11,00

-92.36

Current debt ratio

161.71

2216

6.98

168

2.60

-1,00

16171

Liquidity ratio reprocessed

-

-

-

-

-

-

-

LONG TERM STABILITY

 

 

 

 

 

 

 

Gearing

9316.09

503472

1.85

-93.59

28.84

267,00

3389

Equity in percentage

0.42

-96.90

13.54

-51.19

27.74

-241,00

0.17

Total debt ratio

260.85

3527

7.19

138

3.02

1,00

25985

 

 

Industry comparison

 

Activity code                71121

Activity description      Engineers and related technical advisors, excl. surveyors

 

 

Payment Information

 

Payment Information Summary

Total number of Invoices available                                                                                                            7

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                                                      3

Total number of Invoices currently outstanding where the due date has not yet been reached 0

Total number of Invoices currently outstanding beyond the due date                                         0

 

 

Payment expectations

 

Payment expectation days                  87

Day sales outstanding              94.65

 

 

Industry comparison

 

Activity code                                        71121

Activity description                              Engineers and related technical advisors, excl. surveyors

Industry average payment

expectation days                                 91.55

 

 

Payment expectations

 

Company result                       87

Lower                                      135.61

Median                                                78.65

Upper                                       41.77

 

 

Day sales outstanding

 

Company result           94.65

Lower                          78.09

Median                                    37.57

Upper                           13.03

 

 

Shareholder Details

 

Summary

Group - Number of Companies            26

Linkages - Number of Companies        6

Number of Countries                            3


 

Company name

 

Number

 

Latest financials

 

- SOPAL INTERNATIONAL SA

 

458435757

 

31-12-2012

 

- - HAMON & CIE (INTERNATIONAL) SA

 

402960467

 

31-12-2013

 

- - - ACS ANTI CORROSION STRUCTURES SA

 

417518088

 

31-12-2012

 

------- ACS KUNSTOFFAPPARATEBAU GMBH SOC.ETR. E....

 

- - - HAMON-RESEARCH-COTTRELL SA

 

401881292

 

31-12-2013

 

------- HAMON RESEARCH-COTTRELL SARL

 

761800523

 

31-12-2013

 

- - - HAMON & CIE (INTERNATIONAL) FINANCE SCS

 

836869874

 

 

 

- - - HAMON THERMAL EUROPE SA

 

425256215

 

31-12-2013

 

------- UNDATIM ULTRASONICS EN LIQUIDATION SA

 

452671581

 

30-04-2010

 

-------- SONOXIDE EN LIQUIDATION SPRL

 

463226369

 

31-12-2007

 

------- HAMON AUSTRALIA PTY LTD SOC.ETR. E.P.B.

 

------- HAMON DORMANT CO LTD SCETE RPEN

 

------- HAMON KOREA CO LTD SOC.ETR. E.P.B.

 

------- HAMON MALAYSIA SDN BHD SOC.ETR. E.P.B.

 

------- HAMON THERMAL GERMANY GMBH

 

HRB 940

 

31-12-2012

 

- - - HACOM ENERGIESPARSYSTEME GMBH

 

HRB 4017

 

31-12-2012

 

- - - HAMON ASIA PACIFIC SOC.ETR. E.P.B.

 

- - - HAMON RESEARCH COTTRELL 1

 

 

 

 

- - - HAMON DO BRASIL LTDA SOC.ETR. E.P.B.

 

- - - HAMON HOLDINGS CORPORATION

 

- - - HAMON SOBELCO SOUTH AFRICA LTD SOC.ETR. ...

 

- - - HAMON THERMAL AND ENVIRONMENTAL SYSTEMS ...

 

- - - HAMON D'HONDT NEDERLAND SCETE RPEN

 

- - - HEAT TRANSFER RE SERVICES SA

 

- - - MARIANI BATISTA SCETE RPEN

 

- - COFRAGIM

433985298

 

 

 

 


 

Minority Shareholders

No minority shareholders found

 

Minority Interests

 

Business number

Company name

 

%

Date of accounts

-

PTAS HAMON SOC.ETR. E.P.B.

 

50

-

-

HAMON COOLING TOWER COMPANY SOC.ETR. E.P.B.

 

50

-

 

HAMON THERMAL ENVIRON. TECHN (JIAXING)CO LTD SOC.ETR. E.P.B.

 

30

 

836869874

Hamon & Cie (International) Finance SCS

 

4

-

 

 

Linked Companies

 

Group - Number of Companies

26

Linkages - Number of Companies

6

Number of Countries

3

 

NAME

 

NUMBER

LATEST KEY FINANCIALS

TURNOVER

HAMON UK LIMITED

 

01199545

31.12.2012

Ł7.320.776

SOPAL B.V.

 

09018192

31.12.2006

-

HAMON (NEDERLAND) B.V.

 

27221628

31.12.2007

-

HAMON DORMANT CO LTD

 

02767931

31.12.2012

-

FILM COOLING TOWERS LIMITED

 

03865208

31.12.2012

-

PAL INVEST SA

 

454095206

31.12.2012

-

 


Summons

 

Legal event type          Social Security Summons

Event date                   02/02/2007

Court type                                            Court name Wavre

3rd party nam                                      e 3rd party type

 

Legal event type          Social Security Summons

Event date                   01/06/2006

Court type                                            Court name Charleroi

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   04/05/2006

Court type                                            Court name Charleroi

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   09/12/2004

Court type                                            Court name Brussel

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   04/11/2004

Court type                                            Court name Charleroi

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   07/04/2005

Court type                                Court name Charleroi

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   03/03/2005

Court type                                Court name Charleroi

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   03/02/2005

Court type                                Court name Charleroi

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   01/04/2004

Court type                                Court name Charleroi

3rd party name                        3rd party type


 

Legal event type          Social Security Summons

Event date                   13/04/2006

Court type                                Court name Brussel

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   06/10/2005

Court type Court name Charleroi

3rd party name 3rd party type

 

Legal event type          Social Security Summons

Event date 0                 8/09/2005

Court type                                Court name Brussel

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   03/02/2005

Court type                                Court name Brussel

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   23/08/2006

Court type                                Court name Wavre

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   15/06/2006

Court type                                Court name Charleroi

3rd party name                                    3rd party type

 

Legal event type          Social Security Summons

Event date                   26/01/2007

Court type                                Court name Wavre

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   06/04/2006

Court type                                Court name Charleroi

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   07/09/2006

Court type                                Court name Charleroi

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   03/11/2005

Court type                                Court name Charleroi

3rd party name                                    3rd party type

Legal event type          Social Security Summons

Event date                   12/05/2005

Court type                                Court name Brussel

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   07/10/2004

Court type                    Court name Charleroi

3rd party name            3rd party type

 

Legal event type                      Social Security Summons

Event date                               31/05/2001

Court type                    Court name

3rd party name            3rd party type

 

Legal event type          Social Security Summons

Event date                   26/09/2008

Court type                    Court name Wavre

3rd party name            3rd party type

 

Legal event type          Social Security Summons

Event date                   02/06/2005

Court type                    Court name Charleroi

3rd party name            3rd party type

 

Legal event type          Social Security Summons

Event date                   05/10/2006

Court type                    Court name Charleroi

3rd party name                        3rd party type

 

Legal event type          Social Security Summons

Event date                   09/09/2004

Court type                                Court name Brussel

3rd party name                        3rd party type

 

 

Protested Bills

there is no data for this company

 

Bankruptcy and other legal events

there is no data for this company

 

 

Director details

 

Current director details

Name

FRANCIS LAMBILLIOTTE

 

Position

Managing Director

 

Start Date

29/01/2010

 

Date of birth

12/07/1981

 

Street

24 RUE DE FROCOURT EGHEZŁE

 

Post code

5310

 

Country

Belgium

 

 

 

 

Position

Director

 

Start Date

14/10/2010

 

Date of birth

12/07/1981

 

Street

24 RUE DE FROCOURT EGHEZŁE

 

Post code

5310

 

Country

Belgium

 

 

 

 

Position

Chairperson

 

Start Date

06/06/2013

 

Date of birth

12/07/1981

 

Street

24 RUE DE FROCOURT EGHEZŁE

 

Post code

5310

 

Country

Belgium

 

 

 

 

Name

JEAN GILBERT

 

Position

Director

 

Start Date

28/06/2004

 

Street

20 AVENUE DE L'ETOILE OTTIGNIES-LOUVAIN-LA-NEUVE

 

Post code

1340

 

Country

Belgium

 

 

 

 

Name

RODICA EXNER

 

Position

Director

 

Start Date

31/05/2006

 

Street

51 ZIEGLERSTRASSE RATINGEN

 

Post code

40878

 

Country

Germany

 

 

Current mandates in other companies

Name

Hamon & Cie (International) Finance SCS

 

Business number

836869874

 

Position

Silent Partner

 

Start Date

30/05/2011

 

 

Former director details

Name

CHRISTIAN LECLERCQ

 

Position

Director

 

Start Date

01/10/2013

 

End Date

18/04/201 4

 

Date of birth

13/09/1965

 

Street

47 AVENUE DE LA FAUCONNERIE BRUXELLES

 

Post code

1170

 

Country

Belgium

 

 

 

 

Name

BERNARD VAN DIEST

 

Position

Director

 

Start Date

19/04/2013

 

End Date

01/07/2013

 

Street

1 AVENUE DES CACTUS BRUXELLES

 

Post code

1150

 

Country

Belgium

 

 

 

 

Name

THIERRY TONDREAU

 

Position

Director

 

Start Date

04/08/2008

 

End Date

19/04/2013

 

Street

97 AVENUE ALBERT LANCASTER BRUXELLES

 

Post code

1180

 

Country

Belgium

 

 

 

 

Name

GEORGES DEGAVRE

 

Position

Director

 

Start Date

21/05/1997

 

End Date

Unknown date

 

Street

10 RUE J.-B. MEUNIER BRUXELLES

 

Post code

1180

 

Country

Belgium

 

 

 

 

Name

SERGE BONNEFOI

 

Position

Managing Director

 

Start Date

23/03/2001

 

End Date

31/12/2012

 

Street

12 RUE DE L'ABŁE DE L'EPŁE PARIS

 

Post code

75005

 

Country

France

 

 

 

 

Name

RODICA EXNER

 

Position

Managing Director

 

Start Date

26/05/2008

 

End Date

24/04/2014

 

Street

51 ZIEGLERSTRASSE RATINGEN

 

Post code

40878

 

Country

Germany

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.95

UK Pound

1

Rs.99.32

Euro

1

Rs.78.96

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.