MIRA INFORM REPORT

 

 

Report No. :

356028

Report Date :

22.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ARYSTA  LIFESCIENCE  BENELUX  SPRL

 

 

Registered Office :

Rue De Renory 26-Bus 1 4102 Seraing

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

20.10.2005

 

 

Com. Reg. No.:

877444281

 

 

Legal Form :

Private  limited  liability

 

 

Line of Business :

Manufacture of pesticides and other agrochemical

 

 

No. of Employee :

34

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

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 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 summery

 

Business  number

877444281

Branche  Unit  Number

2150644705

Company  name

ARYSTA  LIFESCIENCE  BENELUX  SPRL

Address

RUE  DE  RENORY  26-BUS  1

 

4102 SERAING

Number  of  staff

34

Date  of  establishment

20/10/2005

Telephone  number

043309646

Fax  number

043859749

 

 

Ultimate  holding  company

 

Company  name

Company  Number

MACDERMID  AGRICULTURAL  SOLUTIONS  HOLDINGS  B.V.

-

 

 

Commentary

 

The  business  was  established  over  10  years  ago.

The  business  has  34  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business.

The  business  has  changed  its  registered  name  recently.

The  business  has  been  at  the  address  for  over  10  years.

A  51%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  141%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

110,484,578

19,798,205

24,084,176

29,152,801

31/12/2013

97,619,705

19,103,634

21,524,519

27,196,666

31/12/2012

103,249,107

18,908,159

22,923,084

31,754,358

 

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

80,479,984

34

4,000,000

15,756,248

31/12/2013

52,952,894

33

4,000,000

13,081,281

31/12/2012

63,563,689

34

4,000,000

12,714,385

 

 

Trends

 

Profitability

Liquidity

Net  worth

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

86.15

Industry  average  payment

129.09

Industry  average  day  sales

117.36

expectation  days

 

outstanding

 

Day  sales  outstanding

60.17

 

 

 

 

Court data summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

 

PROTESTED  BILLS

Bill  amount

-

 

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

877444281

Company  name

ARYSTA  LIFESCIENCE

 

 

 

BENELUX  SPRL

Fax  number

043859749

Date  founded

20/10/2005

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

20200

Liable  for  VAT

yes

Activity  description

Manufacture  of  pesticides

and  other  agrochemical products

VAT  Number

BE.0877.444.281  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)

 

JIC  Code

116

Description

Joint  committee  for  the  chemical  industry

category

 

 

JIC  Code

 

207

Description

Joint  committee  for  the  employees  off  he  chemical  industry

category

 

 

Significant  Events

 

Event  Date

01/03/2012

Event  Description

authority  appointed

Event  Details

suivantes  :  Denis  Payen,  Marc  Dubois  ou  Marie-Louise  Vincent.

Event  Date

01/03/2012

Event  Description

authority  appointed

Event  Details

Commentaire  01-03-2012:  Délégation  de  pouvoirs  de  représentation  de  la  société  à  Muriel  Crine,

 

Rémi  Wies  et  Dirk  Barrie.  Les  pouvoirs  concernant  les  opérations  commerciales  sont  attribués  à

 

Dirk  Barrie  et  Rémi  Wies  avec  l'une  des  persones

 

Event  Date

20/10/2005

Event  Description

Legal  creation

Event  Details

 

 

 

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

13,514,887

260

3,747,565

273

1,002,671

-19.16

1,240,387

488

210,815

Intangible  fixed  assets

10,838,731

382

2,244,712

190

771,945

-23.72

1,011,945

-

0

Tangible  fixed  assets

2,598,876

74.71

1,487,553

2080

68,231

-24.05

89,842

-41.79

154,345

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

0

-

0

-

0

-

0

-

0

Furniture  &  Vehicles

7,391

-79.08

35,323

-48.23

68,231

-24.05

89,842

-41.79

154,345

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

2,591,485

78.45

1,452,230

-

0

-

0

-

0

Financial  fixed  assets

77,280

405

15,300

-90.58

162,495

17.24

138,600

145

56,470

Total  current  assets

66,965,097

36.09

49,205,329

-21.35

62,561,018

14.54

54,619,835

18.21

46,204,973

Inventories

22,333,510

21.98

18,308,961

-9.21

20,166,509

9.44

18,427,563

36.23

13,527,244

Raw  materials  &  consumables

14,115,886

34.85

10,467,625

-18.79

12,889,725

40.88

9,149,695

32.20

6,921,054

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

8,217,624

4.80

7,841,336

7.76

7,276,784

-21.57

9,277,868

40.44

6,606,190

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

18,213,958

-10.47

20,343,873

-0.90

20,529,338

18.20

17,368,959

-8.77

19,038,189

Other  amounts  receivable

9,279,784

169

3,449,484

-43.14

6,066,317

-8.42

6,624,330

691

836,541

Cash

17,135,755

141

7,087,341

-55.03

15,761,081

29.38

12,182,476

-4.60

12,770,068

Miscellaneous  current  assets

2,091

-86.66

15,669

-58.52

37,773

128

16,507

-49.87

32,931

Total  Assets

80,479,984

51.98

52,952,894

-16.69

63,563,689

13.79

55,860,222

20.35

46,415,788

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

34,922,907

46.92

23,769,231

0.31

23,695,029

47.58

16,055,327

12.27

14,300,176

Issued  share  capital

4,000,000

0

4,000,000

0

4,000,000

0

4,000,000

0

4,000,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

30,922,907

56.42

19,769,231

0.38

19,695,029

63.37

12,055,327

17.04

10,300,176

Provisions  for  Liabilities  &  Charges

393,260

4.87

375,000

-56.50

862,000

-10.95

968,000

-10.43

1,080,713

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

45,163,817

56.77

28,808,663

-26.14

39,006,660

0.44

38,836,895

25.14

31,034,898

Other  long  term  loans

7,351,522

53.16

4,800,000

-22.58

6,200,000

-18.42

7,600,000

280

2,000,000

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-100

2,000,000

0

2,000,000

0

2,000,000

0

2,000,000

Total  long  term  debts

7,744,782

7.94

7,175,000

-20.82

9,062,000

-14.25

10,568,000

108

5,080,713

Current  portion  of  long  term  debt

0

-100

1,400,000

0

1,400,000

0

1,400,000

-5.08

1,475,000

Financial  debts

0

-

0

-100

682,128

-24.21

900,069

-10.70

1,007,893

Trade  creditors

21,590,738

166

8,104,244

-30.51

11,661,911

-21.50

14,855,197

11.00

13,383,336

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

5,804,069

-4.23

6,060,702

-28.44

8,468,810

135

3,600,105

37.22

2,623,644

Miscellaneous  current  liabilities

10,417,489

61.67

6,443,717

-25.02

8,593,811

1.32

8,481,524

-0.74

8,545,026

Total  current  liabilities

37,812,296

71.81

22,008,663

-28.56

30,806,660

5.37

29,236,895

8.15

27,034,898

Total  Liabilities

80,479,984

51.98

52,952,894

-16.69

63,563,689

13.79

55,860,222

20.35

46,415,788

 

 

Ratio   analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

17.92

-8.43

19.57

6.88

18.31

1.61

18.02

8.10

16.67

Return  on  capital  employed

46.40

-24.85

61.74

6.96

57.72

-8.57

63.13

-13.10

72.65

Return  on  total  assets  employed

24.60

-31.82

36.08

21.28

29.75

-1.13

30.09

-0.82

30.34

Return  on  net  assets  employed

56.69

-29.46

80.37

0.71

79.80

-23.77

104.68

6.31

98.47

Sales  /  net  working  capital

3.79

5.57

3.59

10.46

3.25

-11.44

3.67

-16.78

4.41

Stock  turnover  ratio

20.21

7.73

18.76

-3.94

19.53

-1.16

19.76

23.35

16.02

Creditor  days

86.15

126

38.08

-24.44

50.40

-29.36

71.35

2.21

69.81

Debtor  days

60.17

-20.90

76.07

4.82

72.57

6.77

67.97

-17.39

82.28

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.77

-20.98

2.24

10.34

2.03

8.56

1.87

9.36

1.71

Liquidity  ratio  /  acid  ratio

1.18

-15.71

1.40

1.45

1.38

11.29

1.24

2.48

1.21

Current  debt  ratio

1.08

16.13

0.93

-28.46

1.30

-28.57

1.82

-3.70

1.89

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

15,756,248

20.45

13,081,281

2.89

12,714,385

6.00

11,994,304

12.24

10,686,179

Net  worth

24,084,176

11.89

21,524,519

-6.10

22,923,084

52.38

15,043,382

5.20

14,300,176

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

21.05

-19.29

26.08

-25.38

34.95

-43.32

61.66

96.68

31.35

Equity  in  percentage

50.15

7.00

46.87

24.19

37.74

28.94

29.27

-5.00

30.81

Total  debt  ratio

1.30

5.69

1.23

-26.79

1.68

-32.26

2.48

10.22

2.25

Working  capital

29,152,801

7.19

27,196,666

-14.35

31,754,358

25.10

25,382,940

32.41

19,170,075

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

112,256,884

13.67

98,759,186

-3.21

102,037,166

5.19

97,007,014

9.91

88,257,204

Turnover

110,484,578

13.18

97,619,705

-5.45

103,249,107

10.70

93,272,375

10.44

84,458,073

Total  operating  expenses

91,471,891

17.74

77,688,033

-8.01

84,456,714

11.14

75,989,745

8.59

69,978,917

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

93,244,196

18.29

78,827,513

-5.31

83,244,773

4.42

79,724,384

8.06

73,778,049

Employee  costs

4,231,086

28.07

3,303,606

7.26

3,079,963

6.19

2,900,349

22.54

2,366,818

Wages  and  salary

2,381,747

14.01

2,089,015

4.31

2,002,610

0.84

1,985,838

15.60

1,717,876

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

660,497

0.82

655,104

7.44

609,744

25.90

484,301

11.90

432,802

Other  employee  costs

1,188,843

112

559,486

19.65

467,609

8.69

430,210

99

216,140

Director  remuneration

-

-

-

-

-

-

248,000

-40.51

416,890

Amortization  and  depreciation

2,102,572

314

507,078

84.60

274,683

14.86

239,153

-87.96

1,985,547

Operating  result

19,012,688

-4.61

19,931,673

6.06

18,792,393

8.74

17,282,630

19.36

14,479,155

Total  financial  income

1,538,067

207

499,391

-67.15

1,520,247

89.69

801,458

-43.04

1,407,137

Total  financial  expenses

752,549

-43.31

1,327,430

-5.49

1,404,481

10.01

1,276,654

-29.29

1,805,450

Results  on  ordinary  operations

19,798,205

3.64

19,103,634

1.03

18,908,159

12.50

16,807,434

19.36

14,080,842

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

6,142

35.12

4,545

-

-

-

4,546

-

-

Extraordinary  Charges

113,873

-50.13

228,346

16482

1,377

-95.20

28,710

341

6,507

Extraordinary  items

-107,731

48.14

-223,800

-16152

-1,377

5.70

-24,164

-271

-6,507

Results  for  the  Year  Before

19,690,474

4.29

18,879,834

-0.14

18,906,782

12.65

16,783,270

19.25

14,074,335

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

6,036,799

-4.26

6,305,631

-2.50

6,467,080

28.62

5,028,119

-6.43

5,373,703

Results  on  ordinary  operations

13,761,407

7.53

12,798,003

2.87

12,441,079

5.62

11,779,315

35.28

8,707,139

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

13,653,676

8.58

12,574,203

1.08

12,439,702

5.82

11,755,151

35.11

8,700,632

Profit  (Loss)  for  the  Year  to  be appropiated

13,653,676

8.58

12,574,203

1.08

12,439,702

5.82

11,755,151

35.11

8,700,632

 

 

 

Dividends

2,500,000

-80.0

12,500,000

160

4,800,000

-52.00

10,000,000

28.07

7,808,504

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

30

Part-time  Employees

5

Total  Fte  Employees

34

Number  of  hours  worked

 

Full-time  Employees

49,844

Part-time  Employees

6,625

Total

56,469

Personnel  Charges

 

Full-time  Employees

3,959,427

Part-time  Employees

271,659

Total

4,231,086

Benefits  In  Addition  To  Wages

48,897

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

35

Actual  working  hours

57,523

Personnel  Charges

3,303,606

Benefits  In  Addition  To  Wages

42,696

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

31

5

35

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

4

1

5

university)

 

 

 

Higher  education

11

-

11

(university)

 

 

 

 

Women

 

Full-Time

 

Part-Time

 

Total  Fte

Primary  education

-

-

-

Secondairy  education

1

1

2

Higher  education  (non

9

2

11

university)

 

 

 

Higher  education

6

1

7

(university)

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

31

5

35

Blue  collar  worker

-

-

-

Other

-

-

-

 

 

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

1

 

Actual  working  hours

 

2,357

 

Cost  of  temporary  staff

 

91,713

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

4

-

4

Leavers

2

-

2

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

7

9

Number  of  training  hours

42

268

Net  costs  for  enterprise

6,747

32,348

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

4

2

Number  of  training  hours

640

161

Net  costs  for  enterprise

64,584

12,167

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

20200

 

Activity  description

 

Manufacture  of  pesticides  and  other  agrochemical  products

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

204

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

167

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

34

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

2

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

86.15

Day  sales  outstanding

60.17

 

 

Industry  comparison

Activity  code

20200

Activity  description

Manufacture  of  pesticides  and  other  agrochemical  products

Industry  average  payment

129.09

expectation  days

 

Industry  average  day  sales

117.36

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

86.15

Lower

204.30

Median

76.36

Upper

27.93

 

 

Day  sales  outstanding

 

Company  result

60.17

Lower

87.91

Median

60.17

Upper

26.36

 

 

 

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

19

 

 

 

 

Linkages  -  Number  of  Companies

3

 

 

 

 

Number  of  Countries

1

 

 

 

 

 

Group  Structure

 

 

Company  name

Number

Latest

 

 

financials

- MACDERMID  AGRICULTURAL  SOLUTIONS  HOLDING...

 

 

- - PERCIVAL  SPRL

474386517

31-12-2013

- - - AGORIVE  SA

862021479

31-12-2014

- - - - AGORAGEM  NV

899594925

15-10-2013

- - - ARYSTA  LIFESCIENCE  BENELUX  SPRL

877444281

31-12-2014

- - - - AGRIPHAR  DE  COSTA  RICA

 

 

- - - - AGRIPHAR  MALAYSIA

 

 

- - - - AGRIPHAR  POLAND

 

 

- - - - AGRIPHAR  SUISSE

 

 

- - - CHIMAC  SPRL

403054004

31-12-2014

- - - - AGRIPHAR  SUISSE  SPRL

 

 

- - - - DODILAN

 

 

- - - DEMETTEIR  NV

459407242

31-12-2013

- - - - AGORAMONT  SA

475840824

31-12-2014

- - - - AGRIPHAR  FRANCE  SA

 

 

- - - - AGRIPHAR  IBERIA  SA

 

 

- - - - GEOPHARM  SA

 

 

- - - - TERRANALISI  SRL  SOC.ETR.  E.P.B.

 

 

- - - INCITATUS  SA

837832451

31-12-2013

 

 

Minority  Shareholders

 

No  minority  shareholders  found

 

Minority  Interests

 

No  minority  interests  found

 

Companies  that  match  this  address

 

no  Companies  Match  this  address

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

19

 

 

 

 

 

 

Linkages  -  Number  of  Companies

3

 

 

 

 

 

 

Number  of  Countries

1

 

 

 

 

 

 

 

 

Linked  Companies

 

 

 

 

NAME

 

NUMBER

LATEST  KEY

TURNOVER

 

 

 

FINANCIALS

 

CHOCOLATE  FASHION  NV

 

443794893

30.06.2007

-

HIGH  TECH  GROUP  SA

 

471597073

31.03.2002

-

CANALMIX  SA

 

472327246

31.05.2003

-

 

 

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

Managing  Director

Start  Date

20/10/2005

Date  of  birth

19/08/1951

Street

48 CHARLOTTALEI  BRASSCHAAT

Post  code

2930

Country

Belgium

Name

Dirk  Barrie

Position

Person  responsible  for  day-to-day  management

Start  Date

21/08/2009

Date  of  birth

19/08/1951

Street

48 CHARLOTTALEI  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

Richard  Houtermans

Position

Managing  Director

Start  Date

20/10/2005

Street

20 HEYDT  DALHEM

Post  code

4608

Country

Belgium

 

 

Position

Director

Start  Date

20/10/2005

Street

20 HEYDT  DALHEM

Post  code

4608

Country

Belgium

 

 

Name

Georges  Neumann

Position

Person  responsible  for  day-to-day  management

Start  Date

21/08/2009

Street

30 AVENUE  DU  DIRECTOIRE  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Name

GILES  GERUTTI

Position

Manager

Start  Date

05/10/2015

Street

 

Post  code

 

Country

 

 

 

Name

GUILHEM  DE  GAILLARD

Position

Manager

Start  Date

01/06/2015

Street

 

Post  code

 

Country

 

 

 

Name

JOSE  NOBRE

Position

Manager

Start  Date

01/06/2015

Street

 

Post  code

 

Country

 

 

 

Name

THEMTIS  BVBA

Position

Manager

Start  Date

31/03/2015

Street

 

Post  code

 

Country

 

 

 

Former  director  details

 

Name

Georges  Neumann

Position

Managing  Director

Start  Date

20/10/2005

End  Date

31/03/2015

Street

30 AVENUE  DU  DIRECTOIRE  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Position

Manager

Start  Date

31/03/2015

End  Date

01/06/2015

Street

30 AVENUE  DU  DIRECTOIRE  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Name

Lutgarde  Uydens

Position

Managing  Director

Start  Date

20/10/2005

End  Date

31/12/2007

Street

 

Post  code

 

Country

 

 

 

Name

JOHN  CORDANI

Position

Director

Start  Date

26/11/2014

End  Date

31/03/2015

Street

26 Richard  Ave  Wolcott  Connecticut

Post  code

 

Country

United  States

 

 

Position

Manager

Start  Date

31/03/2015

End  Date

05/10/2015

Street

26 Richard  Ave  Wolcott  Connecticut

Post  code

 

Country

United  States

 

 

Name

WWMS  BVBA

Position

Director

Start  Date

07/08/2014

End  Date

31/03/2015

Street

 

Post  code

 

Country

 

 

 

Position

Manager

Start  Date

31/03/2015

End  Date

15/07/2015

Street

 

Post  code

 

Country

 

 

 

Name

Dirk  Barrie

Position

Director

Start  Date

09/05/2011

End  Date

31/03/2015

Date  of  birth

19/08/1951

Street

48 CHARLOTTALEI  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

Marc  Vanmoerbeke

Position

Director

Start  Date

08/05/2006

End  Date

12/02/2015

Street

34 Bartstraat  Nijlen

Post  code

2560

Country

Belgium

 

 

Name

Remi  Wies

Position

Director

Start  Date

09/05/2011

End  Date

07/08/2014

Street

58 AVENUE  WINSTON  CHURCHILL  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Name

Wim  Van  de  Wiele

Position

Permanent  representative  legal  entity

Start  Date

07/08/2014

End  Date

15/07/2015

Street

42 STROOBANTSSTRAAT  HULDENBERG

Post  code

3040

Country

Belgium

 

 

Name

Filip  Van  de  Vliet

Position

Permanent  representative  legal  entity

Start  Date

31/03/2015

End  Date

01/06/2015

Street

14 Doornbergstraat  Langdorp

Post  code

3201

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.32

UK Pound

1

Rs.98.99

Euro

1

Rs.72.13

EUR

1

Rs.72.33

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TRU

 


 

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.