MIRA INFORM REPORT

 

 

Report No. :

335363

Report Date :

10.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SOLAR TURBINES EUROPE SA

 

 

Registered Office :

Avenue Des Etats-Unis 1 6041 Charleroi

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

21.11.1989

 

 

Com. Reg. No.:

438995076

 

 

Legal Form :

Public Limited Liability Company (BE)

 

 

Line of Business :

Manufacture of other generalpurpose machinery n.e.c.

 

 

No. of Employee :

490

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Belgium

A2

A2

 

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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 

 

Company summary

 

Business number                     438995076

Branche Unit Number               2102766097

Company name                        SOLAR TURBINES EUROPE SA

Address                                   AVENUE DES ETATS-UNIS 1

6041 CHARLEROI

Number of staff                        490

Date of establishment               21/11/1989

Telephone number                   071253000

Fax number                              071344739

 

 

Commentary

 

The business was established over 25 years ago.

The business has 490 employees.

The business is part of a group.

The business has been at the address for over 6 years.

Operating Result in the latest trading period increased 73% on the previous trading period.

Net Worth decreased by 38% during the latest trading period.

Pre-tax profits increased by 178% compared to the previous trading period.

Turnover in the latest trading period increased 27% on the previous trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

375,599,666

27,921,862

74,284,941

65,278,928

31/12/2013

294,369,264

10,024,519

121,208,115

109,999,616

31/12/2012

279,475,694

23,458,134

114,903,907

100,330,632

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

305,137,392

490

10,170,000

24,497,552

31/12/2013

314,403,791

490

10,170,000

8,173,373

31/12/2012

275,742,272

503

10,170,000

20,338,364

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

74.08

Industry  average  payment

108.29

Industry  average  day  sales

142.86

expectation  days

 

outstanding

 

Day  sales  outstanding

122.71

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                      No

 

PROTESTED BILLS

Bill amount                              --

 

NSSO DETAILS

Date of summons                     --

 

 

Company information

 

Business  number

438995076

Company  name

SOLAR  TURBINES EUROPE  SA

Fax  number

071344739

Date  founded

21/11/1989

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

28299

Liable  for  VAT

yes

Activity  description

Manufacture  of  other  general- purpose  machinery  n.e.c.

VAT  Number

BE.0438.995.076  Check  VAT number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

JIC  Code

149.04

Description

Joint  subcommittee  for  the  trade  in  metals

category

 

JIC  Code

218

Description

Additional  national  joint  committee  for  the  employees

category

 

 

 

SIGNIFICANT  EVENTS

 

Event  Date

10/06/2014

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaire 10-06-2014: Renouvellement des mandats d'administrateur pour une durée de 6 ans de Richard Mundy, Kevin Wilkinson, Erik De Vos, Ariane François et de Mark Keith.

 

 

Company accounts

 

ASSETS

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

9,440,206

-16.15

11,258,111

-23.13

14,645,384

-1.82

14,916,426

32.67

11,242,899

Intangible  fixed  assets

28,092

-43.38

49,612

-31.20

72,109

83.04

39,395

-24.90

52,458

Tangible  fixed  assets

8,687,020

-17.56

10,537,445

-16.83

12,670,063

3.91

12,192,840

24.21

9,816,479

Land  &  building

2,587,777

-7.21

2,788,859

-6.70

2,989,261

218

938,386

-4.07

978,171

Plant  &  machinery

5,519,259

-21.60

7,039,750

-18.18

8,604,263

3.54

8,309,789

7.82

7,706,799

Furniture  &  Vehicles

505,883

-28.63

708,836

-22.16

910,593

-6.93

978,393

9.19

896,024

Leasing  &  Other  Similar

-

-

-

-

-

-

-

-

-

Rights

 

 

 

 

 

 

 

 

 

Other  tangible  assets

74,101

-

0

-100

165,946

-91.56

1,966,272

734

235,485

Financial  fixed  assets

725,094

8.05

671,055

-64.74

1,903,212

-29.10

2,684,191

95.36

1,373,962

Total  current  assets

295,697,186

-2.46

303,145,680

16.10

261,096,888

25.36

208,270,385

14.91

181,245,287

Inventories

81,558,075

58.48

51,461,189

-4.32

53,784,908

-7.16

57,930,223

14.45

50,614,700

Raw  materials  &

17,044,259

7.96

15,787,504

7.73

14,655,187

-9.51

16,195,018

5.71

15,320,562

consumables

 

 

 

 

 

 

 

 

 

Work  in  progress

64,513,816

80.84

35,673,685

-8.83

39,129,721

-6.24

41,735,205

18.25

35,294,138

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

126,274,990

2.21

123,544,882

46.04

84,594,803

-6.17

90,158,957

8.86

82,820,805

Other  amounts  receivable

77,235,982

-33.55

116,237,995

3.82

111,958,763

105

54,524,280

20.90

45,098,298

Cash

9,495,157

-14.33

11,082,797

23.39

8,981,949

140

3,739,967

238

1,106,014

Miscellaneous  current assets

1,132,982

38.37

818,817

-53.91

1,776,466

-7.33

1,916,958

19.40

1,605,470

Total  Assets

305,137,392

-2.95

314,403,791

14.02

275,742,272

23.55

223,186,811

15.95

192,488,186

 

 

LIABILITIES

 

Total  shareholders  equity

74,313,033

-38.71

121,257,727

5.46

114,976,016

19.23

96,429,899

26.76

76,074,914

Issued  share  capital

10,170,000

0

10,170,000

0

10,170,000

0

10,170,000

0

10,170,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

64,143,033

-42.26

111,087,727

5.99

104,806,016

21.50

86,259,899

30.89

65,904,914

Provisions  for  Liabilities  &

406,101

-

0

-

0

-

0

-100

517,529

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

230,418,258

19.30

193,146,064

20.14

160,766,256

26.83

126,756,912

9.37

115,895,743

Other  long  term  loans

-

-

-

-

-

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

406,101

-

0

-

0

-

0

-100

517,529

Current  portion  of  long  term

-

-

-

-

-

-

-

-

-

debt

 

 

 

 

 

 

 

 

 

Financial  debts

-

-

-

-

-

-

-

-

-

Trade  creditors

72,273,321

71.59

42,120,995

-23.57

55,111,363

78.35

30,900,363

-3.04

31,870,794

Amounts  Payable  for  Taxes,

25,622,640

54.20

16,616,215

-12.48

18,984,678

-45.99

35,151,159

54.60

22,736,521

Remuneration  &  Social

 

 

 

 

 

 

 

 

 

Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current

132,522,297

-1.40

134,408,854

55.08

86,670,215

42.77

60,705,390

-0.95

61,288,428

liabilities

 

 

 

 

 

 

 

 

 

Total  current  liabilities

230,418,258

19.30

193,146,064

20.14

160,766,256

26.83

126,756,912

9.37

115,895,743

Total  Liabilities

305,137,392

-2.95

314,403,791

14.02

275,742,272

23.55

223,186,811

15.95

192,488,186

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

7.43

117

3.41

-59.36

8.39

-3.67

8.71

-16.57

10.44

Return  on  capital  employed

37.37

351

8.27

-59.46

20.40

-21.78

26.08

-40.71

43.99

Return  on  total  assets

9.15

186

3.19

-62.51

8.51

-24.49

11.27

-35.60

17.50

employed

 

 

 

 

 

 

 

 

 

Return  on  net  assets  employed

37.57

354

8.27

-59.46

20.40

-21.78

26.08

-41.12

44.29

Sales  /  net  working  capital

5.75

114

2.68

-3.94

2.79

-21.19

3.54

-28.34

4.94

Stock  turnover  ratio

21.71

24.20

17.48

-9.15

19.24

-4.04

20.05

27.79

15.69

Creditor  days

74.08

36.43

54.30

-31.07

78.78

83.64

42.90

5.35

40.72

Debtor  days

122.71

-19.90

153.19

38.66

110.48

-3.01

113.91

21.54

93.72

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.28

-18.47

1.57

-3.09

1.62

-1.22

1.64

5.13

1.56

Liquidity  ratio  /  acid  ratio

0.93

-28.46

1.30

0.78

1.29

8.40

1.19

5.31

1.13

Current  debt  ratio

3.10

94.97

1.59

13.57

1.40

6.87

1.31

-13.82

1.52

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

24,497,552

199

8,173,373

-59.81

20,338,364

-7.19

21,915,100

-5.18

23,113,490

Net  worth

74,284,941

-38.71

121,208,115

5.49

114,903,907

19.21

96,390,504

26.79

76,022,456

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

-

Equity  in  percentage

24.36

-36.84

38.57

-7.53

41.71

-3.47

43.21

9.31

39.53

Total  debt  ratio

3.11

95.60

1.59

13.57

1.40

6.87

1.31

-14.38

1.53

Working  capital

65,278,928

-40.66

109,999,616

9.64

100,330,632

23.08

81,513,473

24.73

65,349,544

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

412,229,272

37.66

299,465,039

5.71

283,294,341

-6.74

303,752,454

-10.04

337,642,167

Turnover

375,599,666

27.59

294,369,264

5.33

279,475,694

-3.26

288,883,317

-10.44

322,569,009

Total  operating  expenses

356,113,314

25.77

283,138,207

10.88

255,344,775

-2.88

262,924,386

-7.96

285,662,687

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

392,742,920

36.26

288,233,983

11.22

259,163,421

-6.71

277,793,523

-7.63

300,735,845

Employee  costs

66,309,875

10.72

59,889,059

5.80

56,606,354

4.60

54,116,177

15.41

46,889,419

Wages  and  salary

48,750,860

10.98

43,929,005

6.19

41,368,002

0.90

40,999,818

17.16

34,994,322

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security

9,255,329

12.72

8,210,867

7.15

7,663,239

6.17

7,217,672

20.66

5,982,029

contributions

 

 

 

 

 

 

 

 

 

Other  employee  costs

8,303,686

7.16

7,749,187

2.30

7,575,113

28.42

5,898,687

-0.24

5,913,068

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and

1,442,246

-23.76

1,891,662

5.55

1,792,247

14.88

1,560,115

17.07

1,332,647

depreciation

 

 

 

 

 

 

 

 

 

Operating  result

19,486,352

73.50

11,231,056

-53.46

24,130,919

-7.04

25,958,931

-29.66

36,906,322

Total  financial  income

17,738,954

432

3,331,843

-70.47

11,284,701

138

4,728,245

210

1,521,073

Total  financial  expenses

9,303,444

104

4,538,380

-62.05

11,957,486

116

5,535,353

16.86

4,736,938

Results  on  ordinary

27,921,862

178

10,024,519

-57.27

23,458,134

-6.73

25,151,823

-25.34

33,690,457

operations  before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

-

-

4,958,474

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-

0

-

0

-100

4,958,474

-

0

Results  for  the  Year  Before

27,921,862

178

10,024,519

-57.27

23,458,134

-22.09

30,110,297

-10.63

33,690,457

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

4,866,556

30.02

3,742,808

-23.80

4,912,017

-49.65

9,755,312

-18.09

11,909,614

Results  on  ordinary

23,055,306

267

6,281,711

-66.13

18,546,117

20.46

15,396,511

-29.31

21,780,843

operations  after  taxation

 

 

 

 

 

 

 

 

 

Net  result

23,055,306

267

6,281,711

-66.13

18,546,117

-8.89

20,354,985

-6.55

21,780,843

Profit  (Loss)  for  the  Year  to be  appropiated

23,055,306

267

6,281,711

-66.13

18,546,117

-8.89

20,354,985

-6.55

21,780,843

Dividends

70,000,000

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

481

Part-time  Employees

13

Total  Fte  Employees

491

Number  of  hours  worked

 

Full-time  Employees

863,952

Part-time  Employees

16,155

Total

880,107

Personnel  Charges

 

Full-time  Employees

65,408,025

Part-time  Employees

901,850

Total

66,309,875

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

506

Actual  working  hours

943,288

Personnel  Charges

59,889,059

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

458

13

468

Contracts

 

 

 

Limited  Duration  Contracts

22

-

22

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

 

 

Gender  and  Education Level

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

12

-

12

Secondairy  education

76

1

77

Higher  education  (non university)

152

-

152

Higher  education (university)

181

-

181

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

9

1

10

Higher  education  (non university)

27

10

35

Higher  education (university)

23

-

24

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

7

-

7

White  collar  worker

455

13

465

Blue  collar  worker

18

-

18

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

12

Actual  working  hours

22,935

Cost  of  temporary  staff

888,537

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

56

-

56

Leavers

54

2

56

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

125

68

Number  of  training  hours

469

463

Net  costs  for  enterprise

55,462

36,100

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

59

38

Number  of  training  hours

1,334

745

Net  costs  for  enterprise

50,224

29,058

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

59

16

Number  of  training  hours

1,298

469

Net  costs  for  enterprise

57,390

17,501

 

 

Industry comparison

 

Activity  code

28299

Activity  description

Manufacture  of  other  general-purpose  machinery  n.e.c.

 

 

Payment Information

 

PAYMENT  INFORMATION  SUMMARY

 

Total  number  of  Invoices  available

53

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

40

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

12

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

1

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

SUSPENSION  OF  PAYMENTS  /  MORATORIUM  HISTORY

 

Amount

-

Details

-

 

 

PAYMENT  EXPECTATIONS

 

Payment  expectation  days

74.08

Day  sales  outstanding

122.71

 

 

INDUSTRY  COMPARISON

 

Activity  code

28299

Activity  description

Manufacture  of  other  general-purpose  machinery  n.e.c.

Industry  average  payment

108.29

expectation  days

 

Industry  average  day  sales

142.86

outstanding

 

 

 

INDUSTRY QUARTILE ANALYSIS

 

PAYMENT  EXPECTATIONS

 

Company  result

74.08

Lower

112.15

Median

72.25

Upper

45.64

 

 

DAY SALES OUTSTANDING

 

Company result                        122.71

Lower                                       93.88

Median                                     48.63

Upper                                       24.44

 

 

Shareholder Details

 

SUMMARY

 

Group - Number of Companies             6

Linkages - Number of Companies                    2089

Number of Countries                                        79

 

GROUP STRUCTURE

 

Company  name

Number

Latest

 

 

financials

- CATERPILLAR  INC.  SOC.  ETRANGERE

 

 

- - CATERPILLAR  BELGIUM  SA

401633250

31-12-2014

- - - CATERPILLAR  SPECIAL  SERVICES  BELGIUM  SPR...

473585474

31-12-2014

- - - - SOLAR  TURBINES  EUROPE  SA

438995076

31-12-2014

- - - - - SOLAR  TURBINES  CENTRAL  ASIA  LLP  SOC.ETR...

 

 

- - - - - SOLAR  TURBINES  SERVICES  NIGERIA  LTD  SOC...

 

 

 

 

MINORITY SHAREHOLDERS

 

Business

Company  name

%

Date  of

number

 

 

accounts

418913108

Caterpillar  Commercial  SA

0.01

31/12/2014

418913108

Caterpillar  Commercial  SA

0.01

31/12/2014

 

 

MINORITY INTERESTS

 

No minority interests found

 

 

Linked Companies

 

SUMMARY

 

Group - Number of Companies                         6

Linkages - Number of Companies                    2089

Number of Countries                                        79

 

 

 

SUMMONS

 

There is no data for this company

 

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

RICHARD  G  MUNDY

Position

Managing  Director

Start  Date

11/07/2013

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Position

Director

Start  Date

11/07/2013

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

RICHARD  MUNDY

Position

Managing  Director

Start  Date

01/08/2012

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

ARIANE  FRANÇOIS

Position

Director

Start  Date

11/07/2013

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

ERIK  DE  VOS

Position

Director

Start  Date

11/07/2013

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

KEVIN  WILKINSON

Position

Director

Start  Date

27/05/2010

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

Name

MARK  KEITH

Position

Director

Start  Date

11/07/2013

Street

0 SKY  PARK  COURT  9330  CA

Post  code

5398

Country

United  States

 

 

FORMER DIRECTOR DETAILS

 

Name

RICHARD  MUNDY

Position

Director

Start  Date

01/08/2012

End  Date

22/05/2013

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

ERIC  DEVOS

Position

Director

Start  Date

27/05/2010

End  Date

19/05/2011

Street

66 CHAUSSÉE  DE  SAINT-JOB  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Name

WILLIAM  D.  GINTY

Position

Director

Start  Date

23/05/2012

End  Date

01/08/2012

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

DANIEL  DARDENNE

Position

Director

Start  Date

25/05/2009

End  Date

31/12/2011

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

JAMES  TURNER

Position

Managing  Director

Start  Date

07/07/1999

End  Date

Unknown  date

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Position

Director

Start  Date

06/07/1998

End  Date

07/01/1999

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

ONNO  MEEUWIS

Position

Managing  Director

Start  Date

12/11/1997

End  Date

Unknown  date

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Position

Director

Start  Date

16/09/1999

End  Date

Unknown  date

Street

1 AVENUE  DES  ETATS-UNIS  CHARLEROI

Post  code

6041

Country

Belgium

 

 

Name

THOMAS  A.  PELETTE

Position

Director

Start  Date

27/05/2010

End  Date

31/12/2013

Street

0 SKY  PARK  COURT  CA

Post  code

5398

Country

United  States

 

 

Name

THOMAS  A  PELLETTE

Position

Managing  Director

Start  Date

01/10/2005

End  Date

15/09/2008

Street

 

Post  code

 

Country

United  States

 

 

Position

Director

Start  Date

27/05/2010

End  Date

01/01/2013

Street

 

Post  code

 

Country

United  States

 

 

Name

DAVID  ESBECK

Position

Director

Start  Date

25/05/2009

End  Date

31/12/2011

Street

 

Post  code

 

Country

United  States

 

 

Name

T.  R.  HAZLETT

Position

Director

Start  Date

30/11/1995

End  Date

Unknown  date

Street

PACIFIX  HIGHWAY

Post  code

92101

Country

United  States

 

 

Name

M  HAAK

Position

Director

Start  Date

15/06/2000

End  Date

Unknown  date

Street

 

Post  code

 

Country

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.81

UK Pound

1

Rs.98.92

Euro

1

Rs.69.66

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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.