MIRA INFORM REPORT

 

 

Report No. :

353010

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PERDAEN-D'HOOGHE BVBA

 

 

Registered Office :

Anthonis De Jonghestraat 1 9100 Sint-Niklaas

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

18.01.2010

 

 

Com. Reg. No.:

822722425

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Subject is engaged in engineering and Construction of Machines. (Indirect source).

 

 

No. of Employee :

27

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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 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 a 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                     822722425

Branche Unit Number               2226814944

Company name                        PERDAEN-D'HOOGHE BVBA

Address                                   ANTHONIS DE JONGHESTRAAT 1

9100 SINT-NIKLAAS

Number of staff                        27

Date of establishment               18/01/2010

Telephone number                   037779450

Fax number                              037779450

 

 

Commentary

 

The business was established over 5 years ago.

The business has 27 employees.

The business is part of a group.

The business has been at the address for over 9 months.

The business has changed address 1 times in the last year.

Operating Result in the latest trading period increased 586% on the previous trading period.

A 44% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 389% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 30% during the latest trading period.

Working Capital is a negative amount during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

 

84,355

4,070

-449,889

31/12/2013

 

17,247

-70,978

-563,230

31/12/2012

3,578,045

18,790

7,060

-253,296

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

3,133,760

27

20,000

249,273

31/12/2013

2,171,450

26

20,000

146,565

31/12/2012

1,562,947

24

20,000

128,046

 

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

108.53

Industry  average  day  sales

82.30

expectation  days

 

outstanding

 

Day  sales  outstanding

-

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                --

 

NSSO DETAILS

Date of summons                     --

 

 

Company information

 

Business  number

822722425

Company  name

PERDAEN-D'HOOGHE BVBA

Fax  number

037779450

Date  founded

18/01/2010

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

25620

Liable  for  VAT

yes

Activity  description

Machining

VAT  Number

BE.0822.722.425  Check  VAT number

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

----

 

 

SIGNIFICANT  EVENTS

 

Event  Date

20/02/2014

Event  Description

Registered  as  a  basic  management  company

Event  Details

 

 

 

Event  Date

18/01/2010

Event  Description

Legal  creation

Event  Details

 

 

 

Company accounts

 

ASSETS

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

Weeks

52

 

52

 

52

 

102

Currency

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

1,684,310

182

595,419

110

283,022

-20.83

357,481

Intangible  fixed  assets

90,667

-12.12

103,167

355

22,667

-12.37

25,867

Tangible  fixed  assets

1,296,643

564

195,253

-25.01

260,356

-21.49

331,615

Land  &  building

0

-

0

-

0

-

0

Plant  &  machinery

11,047

-90.01

110,636

-47.37

210,225

-30.52

302,564

Furniture  &  Vehicles

56,604

-33.11

84,617

68.79

50,131

72.57

29,050

Leasing  &  Other  Similar  Rights

1,228,992

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

Financial  fixed  assets

297,000

0

297,000

-

0

-

0

Total  current  assets

1,449,450

-8.03

1,576,031

23.13

1,279,925

-17.25

1,546,651

Inventories

80,875

7.73

75,075

-86.07

538,900

105

262,811

Raw  materials  &  consumables

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

Other  stocks

80,875

7.73

75,075

-86.07

538,900

105

262,811

Trade  debtors

1,248,311

-11.41

1,409,132

245

407,785

-38.94

667,850

Other  amounts  receivable

50,328

-

0

-100

124,233

-29.43

176,044

Cash

63,777

-30.54

91,824

-56.07

209,006

-52.49

439,946

Miscellaneous  current  assets

6,160

-

0

-

0

-

0

Total  Assets

3,133,760

44.32

2,171,450

38.93

1,562,947

-17.92

1,904,132

 

 

LIABILITIES

 

Total  shareholders  equity

94,736

194

32,189

8.28

29,726

38.16

21,516

Issued  share  capital

20,000

0

20,000

0

20,000

0

20,000

Share  premium  account

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

Reserves

74,736

513

12,189

25.32

9,726

541

1,516

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

Creditors

3,039,024

42.06

2,139,261

39.53

1,533,220

-18.56

1,882,615

Other  long  term  loans

1,139,685

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

Total  long  term  debts

1,139,685

-

0

-

0

-

0

Current  portion  of  long  term  debt

67,414

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

Trade  creditors

1,018,708

-13.43

1,176,747

77.90

661,465

-53.02

1,407,844

Amounts  Payable  for  Taxes,  Remuneration  &  Social

226,736

-50.71

459,976

104

224,576

70.03

132,083

Security

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

586,481

16.70

502,539

-22.35

647,179

88.85

342,689

Total  current  liabilities

1,899,339

-11.22

2,139,261

39.53

1,533,220

-18.56

1,882,615

Total  Liabilities

3,133,760

44.32

2,171,450

38.93

1,562,947

-17.92

1,904,132

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

-

-

-

-

0.53

381

0.11

Return  on  capital  employed

6.83

-87.25

53.58

-15.23

63.21

209

20.44

Return  on  total  assets  employed

2.69

240

0.79

-34.17

1.20

421

0.23

Return  on  net  assets  employed

89.04

66.18

53.58

-15.23

63.21

209

20.44

Sales  /  net  working  capital

-

-

-

-

-14.13

-20.98

-11.68

Stock  turnover  ratio

-

-

-

-

15.06

124

6.70

Creditor  days

-

-

-

-

67.83

-48.31

131.22

Debtor  days

-

-

-

-

41.60

-33.02

62.11

 

SHORT  TERM  STABILITY

 

Current  ratio

0.76

2.70

0.74

-10.84

0.83

1.22

0.82

Liquidity  ratio  /  acid  ratio

0.72

2.86

0.70

45.83

0.48

-29.41

0.68

Current  debt  ratio

20.05

-69.83

66.46

28.85

51.58

-41.05

87.50

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

Cashflow

249,273

70.08

146,565

14.46

128,046

-40.11

213,789

Net  worth

4,070

5.73

-70,978

-1105

7,060

162

-4,350

 

LONG  TERM  STABILITY

 

Gearing

1,274.17

-

-

-

-

-

-

Equity  in  percentage

3.11

99

1.56

-19.17

1.93

67.83

1.15

Total  debt  ratio

32.08

-51.73

66.46

28.85

51.58

-41.05

87.50

Working  capital

-449,889

79.88

-563,230

-122

-253,296

75.39

-335,965

 

 

PROFIT & LOSS

 

Operating  Income

-

-

-

-

-

-

-

Turnover

-

-

-

-

3,578,045

-8.83

3,924,428

Total  operating  expenses

-

-

-

-

3,559,539

-9.11

3,916,143

Gross  Operating  Margin

1,975,593

-11.88

2,241,924

52.48

1,470,289

26.82

1,159,361

Operating  Charges

-

-

-

-

-

-

-

Employee  costs

1,631,841

-5.04

1,718,372

29.93

1,322,508

40.89

938,688

Wages  and  salary

1,051,009

-3.93

1,094,018

28.19

853,405

44.85

589,159

Employee  pension  costs

-

-

-

-

-

-

-

Social  security  contributions

520,396

0.86

515,982

42.29

362,626

45.77

248,768

Other  employee  costs

60,435

-44.23

108,372

1.78

106,477

5.67

100,761

Director  remuneration

-

-

-

-

-

-

-

Amortization  and  depreciation

186,726

29.58

144,103

20.25

119,836

-43.55

212,272

Operating  result

115,777

586

16,862

-8.88

18,505

123

8,285

Total  financial  income

121

-68.99

391

37.45

285

79.50

159

Total  financial  expenses

31,543

504595

6

-

-

-

4,047

Results  on  ordinary  operations  before  taxation

84,355

389

17,247

-8.21

18,790

327

4,397

Extraordinary  Income

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

0

-

-

-

-

Extraordinary  items

-

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

84,355

389

17,247

-8.21

18,790

327

4,397

Other  appropriations

-

-

-

-

-

-

-

Taxation

21,808

47.50

14,785

39.74

10,580

267

2,881

Results  on  ordinary  operations  after  taxation

62,547

2439

2,463

-70.00

8,210

441

1,516

Net  result

62,547

2439

2,463

-70.00

8,210

441

1,516

Profit  (Loss)  for  the  Year  to  be  appropiated

62,547

2439

2,463

-70.00

8,210

441

1,516

Dividends

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

 

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

27

Part-time  Employees

1

Total  Fte  Employees

27

Number  of  hours  worked

 

Full-time  Employees

41,089

Part-time  Employees

528

Total

41,617

Personnel  Charges

 

Full-time  Employees

1,611,138

Part-time  Employees

20,703

Total

1,631,841

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

27

Actual  working  hours

42,920

Personnel  Charges

1,718,372

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

25

1

25

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

 

 

Gender and  Education Level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

12

-

12

Secondairy  education

13

-

13

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

1

0

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

Working  Category

 

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

2

-

2

Blue  collar  worker

23

1

23

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

2

-

2

Leavers

3

-

3

 

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry comparison

 

Activity  code

25620

Activity  description

Engineering and Construction of Machines. (Indirect source).

 

 

Payment Information

 

PAYMENT  INFORMATION  SUMMARY

 

 

Total  number  of  Invoices  available

126

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

112

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

14

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

 

 

SUSPENSION  OF  PAYMENTS  /  MORATORIUM  HISTORY

Amount

-

Details

-

 

 

PAYMENT  EXPECTATIONS

 

Payment  expectation  days

-

Day  sales  outstanding

-

 

 

 

INDUSTRY  COMPARISON

 

Activity  code

25620

Activity  description

Machining

Industry  average  payment expectation  days

108.53

Industry  average  day  sales outstanding

82.30

 

 

Industry quartile analysis

 

PAYMENT  EXPECTATIONS

 

 

Company  result

-

Lower

69.89

Median

42.97

Upper

24.57

 

 

DAY SALES OUTSTANDING

 

Company  result

-

Lower

104

Median

65.38

Upper

44.48

 

 

Shareholder Details

 

SUMMARY

 

 

Group  -  Number  of  Companies

0

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

GROUP STRUCTURE

No group structure for this company.

 

MINORITY SHAREHOLDERS

Business number

 

Company  name

%

Date  of accounts

821863974

PERDAEN  &  CO  BVBA  BVBA

0.33

31/12/2014

 

 

MINORITY INTERESTS

No minority interests found

 

INDIVIDUAL SHAREHOLDERS

 

SHAREHOLDER  NAME

Forename

Marc

Middle  name

Margareta

Surname

Perdaen

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

18/01/2010(estimated)

End  date

-

Percentage  owned

99.66%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Heihoekstraat

House  number

146

Minor  town

Nieuwkerken-Waas

Postal  town

Sint-Niklaas

Post  code

9100

Country

Belgium

 

 

Linked Companies

 

SUMMARY

Group - Number of Companies             0

Linkages - Number of Companies        0

Number of Countries                            0

 

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

 

Position

Manager

Start  Date

18/01/2010

Street

146 HEIHOEKSTRAAT  SINT-NIKLAAS

Post  code

9100

Country

Belgium

Name

Marc  Perdaen

 

FORMER DIRECTOR DETAILS

 

-----

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

EUR

1

Rs.73.05

Note : Above are approximate rates obtained from sources believed to be correct

 

 

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.