|
Report No. : |
305918 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEL FIBRES SA |
|
|
|
|
Registered Office : |
Pavé De Monte En Peine 2 7022 Mons |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.07.1999 |
|
|
|
|
Com. Reg. No.: |
466265538 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in providing Logistics services · Systems: trucks, trailers, container trucks, all types of containers · Planning: flexible scheduling and customized service Engaged in Processing of · Sort by quality / waste · Compacting · Cutting of roll · Recycling by supplying paper and cardboard industry both within and outside Europe · Confidential destruction Engaged in Declaration waste (OVAM - Val-I-Pac - recycling certificate) Providers of waste - paper and cardboard: ·
Printing ·
Bookbinding ·
Administrations ·
Door-to-door
collection ·
Cardboard
boxes |
|
|
|
|
No. of Employees : |
51 (31.12.2013) |
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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 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 |
Business number 466265538
Company name BEL FIBRES SA
Address PAVÉ DE MONTE EN PEINE 2
7022 MONS
Number of staff 51
Date of establishment 16/07/1999
Telephone number 065760960
Fax number 065760965
|
The business was established over 15 years ago. |
|
The business has 51 employees. |
|
The business has been at the address for over 8
years. |
|
Operating Result in the latest trading period
increased 24% on the previous trading period. |
|
Pre-tax profits increased by 151% compared to the
previous trading period. |
|
The business saw an increase in their Cash Balance
of 45% during the latest trading period. |
DATE OF LATEST ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2013 30,660,915 182,516 2,108,453 -1,926,745
31/12/2012 33,794,357 72,513 2,222,729 -1,898,926
31/12/2011 40,166,389 123,199 2,152,360 -1,051,000
DATE OF LATEST ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 14,133,096 51 99,157 2,057,767
31/12/2012 14,798,173 59 99,157 2,128,285
31/12/2011 11,217,591 43 99,157 2,066,442
|
Past payments |
|
Payment
expectation days |
90.88 |
|
Industry
average payment expectation days |
69.14 |
Industry average day sales
outstanding |
115.89 |
|
Day sales outstanding |
46.52 |
|
|
Date of summons 17/01/2007
|
Business number |
466265538 |
Company
name |
BEL FIBRES SA |
|||||
|
Fax number |
065760965 |
Date
founded |
16/07/1999 |
|||||
|
Company status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
|
|||
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2013 |
|
|
|||
|
|
|
Liable
for VAT |
yes |
|
|
|||
|
|
|
VAT
Number |
BE.0466.265.538 Check VAT
number |
|
|
|||
|
Belgian Bullettin of Acts
Publications |
moniteur
belge |
|
|
|
|
|||
Main Activity
Engaged in providing Logistics services
· Systems: trucks, trailers, container trucks, all types of containers
· Planning: flexible scheduling and customized service
Engaged in Processing of
· Sort by quality / waste
· Compacting
· Cutting of roll
· Recycling by supplying paper and cardboard industry both within and outside Europe
· Confidential destruction
Engaged in Declaration waste (OVAM - Val-I-Pac - recycling certificate)
Providers of waste - paper and cardboard:
·
Printing
·
Bookbinding
·
Administrations
·
Door-to-door collection
·
Cardboard
boxes
|
Full-time Employees |
52 |
|
|
|
Part-time Employees |
0 |
|
|
|
Total Fte Employees |
52 |
|
|
|
|
|||
|
Number of hours worked |
|||
|
Full-time Employees |
101,899 |
|
|
|
Part-time Employees |
207 |
|
|
|
Total |
102,106 |
|
|
|
|
|||
|
Personnel Charges |
|||
|
Full-time Employees |
2,582,128 |
|
|
|
Part-time Employees |
7,214 |
|
|
|
Total |
2,589,342 |
|
|
|
Benefits In Addition To Wages |
- |
|
|
|
|
|||
|
During the previous
reporting year |
|||
|
Average number employees in
Fte |
50 |
|
|
|
Actual working hours |
103,193 |
|
|
|
Personnel Charges |
2,609,495 |
|
|
|
Benefits In Addition To Wages |
13,211 |
|
|
|
|
|||
|
|
|||
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
51 |
- |
51 |
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
|
Primary education - - - |
||||
|
Secondary education |
45 |
- |
45 |
|
|
Higher education (non |
- |
- |
- |
|
|
university) |
|
|
|
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
|
Primary education - - - |
||||
|
Secondary education |
6 |
- |
6 |
|
|
Higher education (non |
- |
- |
- |
|
|
university) |
|
|
|
|
|
Working Category Full-Time |
Part-Time |
Total
Fte |
|
|
|||
|
Management - |
- |
- |
|
|
|||
|
White collar worker 7 |
- |
7 |
|
|
|||
|
Blue collar worker 43 |
- |
43 |
|
|
|||
|
Other 1 |
- |
1 |
|
|
|||
|
|
|
|
|
|
|||
|
|
|||||||
|
Temporary personnel |
Total |
|
|
|
|||
|
Average number of temporary
staff |
4 |
|
|
|
|||
|
Actual working hours |
8,637 |
|
|
|
|||
|
Cost of temporary staff |
188,407 |
|
|
|
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|||
|
New staff and leavers
Full-Time |
Part-Time |
Total
Fte |
|
||||
|
New Starters 45 |
1 |
45 |
|
|
|||
|
Leavers 53 |
2 |
54 |
|
|
|||
|
|
|
|
|
|
|||
|
|
|||||||
|
Total of formal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
|
|||
|
Number of employees |
45 |
6 |
|
|
|||
|
Number of training hours |
728 |
100 |
|
|
|||
|
Net costs for enterprise |
12,844 |
3,332 |
|
|
|||
JIC Code 142.03
Description Joint subcommittee
for the recuperation of paper
category
JIC Code 218
Description Additional national
joint committee for the employees
category
Event Date 19/07/2012
Event Description re-appointment of
director(s)
Event Details Commentaire 19-07-2012: Renouvellement du mandat
d'administrateur délégué pour une
période de six ans de SPRL JAJ Scholiers et SPRL MG Business.
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
30,660,915 |
-9.27 |
33,794,357 |
-15.86 |
40,166,389 |
8,011,479 |
282 |
|
Total operating expenses |
30,425,604 |
-9.46 |
33,605,334 |
-15.92 |
39,968,514 |
7,883,144 |
285 |
|
Operating result |
235,311 |
24.49 |
189,023 |
-4.47 |
197,875 |
73,657 |
219 |
|
Total financial income |
221,053 |
8.21 |
204,289 |
-21.63 |
260,688 |
41,357 |
434 |
|
Total financial expenses |
273,848 |
-14.64 |
320,799 |
-4.34 |
335,364 |
61,634 |
344 |
|
Results on ordinary
operations before taxation |
182,516 |
151 |
72,513 |
-41.14 |
123,199 |
51,582 |
253 |
|
Taxation |
- |
- |
1,078 |
764 |
-141 |
43,274 |
- |
|
Results on ordinary operations after taxation |
182,516 |
155 |
71,435 |
-42.08 |
123,340 |
18,656 |
878 |
|
Extraordinary items |
-132,753 |
-1506 |
-8,264 |
57.82 |
-14,292 |
23,720 |
-659 |
|
Other appropriations |
25831.17 |
11.58 |
23151 |
-10.30 |
25810 |
- |
- |
|
Net result |
75,594 |
-12.43 |
86,322 |
-35.99 |
134,858 |
48,162 |
56.96 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
415,450 |
- |
|
Dividends |
- |
- |
- |
- |
- |
434,489 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
34,561 |
- |
|
Employee
costs |
2,589,342 |
-0.77 |
2,609,495 |
21.92 |
2,140,413 |
674,288 |
284 |
|
Wages
and salary |
1,755,747 |
-0.44 |
1,763,475 |
22.32 |
1,441,638 |
441,018 |
298 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
113,172 |
- |
|
Social
security contributions |
593,495 |
-1.52 |
602,635 |
29.14 |
466,670 |
213,973 |
177 |
|
Other
employee costs |
240,101 |
-1.35 |
243,385 |
4.86 |
232,105 |
38,241 |
527 |
|
Amortization
and depreciation |
1,982,173 |
-2.93 |
2,041,963 |
5.71 |
1,931,584 |
365,913 |
441 |
|
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 |
7,549 |
- |
13,275 |
- |
7,239 |
68,751 |
-89.02 |
|
Tangible fixed assets |
5,872,949 |
-7.34 |
6,338,192 |
28.71 |
4,924,499 |
2,094,054 |
180 |
|
Land
& building |
1,554,613 |
-7.20 |
1,675,234 |
-8.26 |
1,825,987 |
2,173,741 |
-28.48 |
|
Plant
& machinery |
2,984,021 |
-12.96 |
3,428,511 |
47.34 |
2,327,000 |
694,067 |
329 |
|
Furniture
& Vehicles |
235,762 |
-26.38 |
320,227 |
-28.11 |
445,465 |
101,357
27,670 |
132 |
|
Leasing
& Other Similar Rights |
1,017,021 |
11.24 |
914,220 |
180 |
326,047 |
1,214,635 279,391 |
-16.27 |
|
Other
tangible assets |
81,532 |
- |
0 |
- |
0 |
23,606 |
245 |
|
Financial fixed assets |
372 |
-0.04 |
372 |
0 |
372 |
221,935 |
-99 |
|
Total fixed assets |
5,880,870 |
-7.41 |
6,351,839 |
28.79 |
4,932,110 |
2,246,028 |
161 |
|
Inventories |
2,965,000 |
56.05 |
1,900,050 |
108 |
910,375 |
469,929 |
530 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
1,068,814 |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Finished
goods |
2,965,000 |
56.05 |
1,900,050 |
108 |
910,375 |
95,482 |
3005 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
107,838 |
-100 |
|
Trade debtors |
3,908,151 |
-16.08 |
4,656,980 |
21.02 |
3,847,955 |
564,950 |
591 |
|
Cash |
211,523 |
45.09 |
145,784 |
-7.44 |
157,504 |
200,830 |
5.32 |
|
other amounts receivable |
1,036,875 |
-37.43 |
1,657,215 |
28.27 |
1,291,927 |
167,112 |
520 |
|
Miscellaneous current assets |
130,678 |
51.41 |
86,305 |
11.05 |
77,720 |
71,574 |
82.58 |
|
Total current assets |
8,252,226 |
-2.30 |
8,446,334 |
34.38 |
6,285,481 |
1,296,360 |
536 |
|
Total Assets |
14,133,096 |
-4.49 |
14,798,173 |
31.92 |
11,217,591 |
3,493,561
1,328,162 |
304 |
|
CURRENT LIABILITIES |
||||||||
|
|
Trade creditors |
7,575,620 |
7.84 |
7,025,167 |
26.78 |
5,541,280 |
628,803 |
1104 |
|
Short
term group loans
- - - - - - - |
||||||||
|
|
Financial debts |
1,459,111 |
-26.80 |
1,993,434 |
- |
- |
971,044 150,000 |
50.26 |
|
|
Current portion of long term
debt |
865,026 |
-15.83 |
1,027,693 |
-35.11 |
1,583,653 |
246,580 130,663 |
250 |
|
|
Amounts Payable for Taxes,
Remuneration & Social Security |
242,550 |
0.45 |
241,466 |
29.48 |
186,489 |
25,826 - |
180 |
|
|
Miscellaneous current
liabilities |
36,664 |
-36.24 |
57,500 |
129 |
25,059 |
-85.72 |
-- |
|
|
Total current liabilities |
10,178,971 |
-1.61 |
10,345,260 |
41.01 |
7,336,481 |
1,484,120 |
585 |
|
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long term loans |
1,763,567 |
-14.66 |
2,066,523 |
37.42 |
1,503,750 |
48.71 |
-- |
|
|
Deffered taxes |
74,555 |
-25.73 |
100,386 |
-18.74 |
123,537 |
109,026 73,459 |
-31.62 |
|
|
Provisions for Liabilities
& Charges |
0 |
-100 |
50,000 |
-46.93 |
94,224 |
40,502 0 |
-100 |
|
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
55,148 |
-100 |
|
|
Total long term debts |
1,838,122 |
-17.09 |
2,216,909 |
28.78 |
1,721,511 |
831,714 |
121 |
|
SHAREHOLDERS EQUITY |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Issued share capital |
99,157 |
0.00 |
99,157 |
0 |
99,157 |
387,965 |
-74.44 |
|
|
Share premium account |
- |
- |
- |
- |
- |
389 |
- |
|
|
Reserves |
2,016,845 |
-5.62 |
2,136,847 |
3.71 |
2,060,442 |
783,081 |
157 |
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
153,265 |
- |
|
|
Total shareholders equity |
2,116,002 |
-5.37 |
2,236,004 |
3.54 |
2,159,599 |
1,177,726 |
79.67 |
|
|
Working capital |
-1,926,745 |
-1.46 |
-1,898,926 |
-80.68 |
-1,051,000 |
-187,760 |
-926 |
|
|
Cashflow |
2,057,767 |
-3.31 |
2,128,285 |
2.99 |
2,066,442 |
390,211 |
427 |
|
|
Net worth |
2,108,453 |
-5.14 |
2,222,729 |
3.27 |
2,152,360 |
1,108,975 |
90.13 |
|
|
||||||||
|
|
Annual accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING
PERFORMANCE |
||||||||
|
|
||||||||
|
|
Profit Before Tax |
0.60 |
185 |
0.21 |
-32.26 |
0.31 |
-2,00 |
30.00 |
|
|
Return on capital employed |
4.62 |
183 |
1.63 |
-48.58 |
3.17 |
-1,00 |
462 |
|
|
Return on total assets
employed |
1.29 |
163 |
0.49 |
-55.45 |
1.10 |
-4,00 |
32.25 |
|
|
Return on net assets
employed |
8.63 |
166 |
3.24 |
-43.16 |
5.70 |
9,00 |
-4. 11 |
|
|
Sales / net working capital |
-15.91 |
89.38 |
-17.80 |
46.57 |
-38.22 |
-2,00 |
0.01 |
|
|
Stock turnover ratio |
9.67 |
72.06 |
5.62 |
147 |
2.27 |
13,00 |
-25.62 |
|
|
Debtor days |
46.52 |
-7.51 |
50.30 |
43.84 |
34.97 |
115,89 |
-59.86 |
|
|
Creditor days |
90.88 |
19.11 |
76.30 |
50.79 |
50.60 |
69,14 |
31.44 |
|
SHORT
TERM STABILITY |
||||||||
|
|
Current ratio |
0.81 |
-1.22 |
0.82 |
-4.65 |
0.86 |
2,00 |
-19.00 |
|
|
Liquidity ratio / acid ratio |
0.52 |
-17.46 |
0.63 |
-13.70 |
0.73 |
2,00 |
-74.00 |
|
|
Current debt ratio |
4.81 |
3.89 |
4.63 |
36.18 |
3.40 |
1,00 |
381 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
||||||||
|
|
Gearing |
193.18 |
-15.10 |
227.53 |
59.16 |
142.96 |
161,00 |
19.99 |
|
|
Equity in percentage |
14.98 |
-0.93 |
15.12 |
-21.50 |
19.26 |
15,00 |
-0.13 |
|
|
Total debt ratio |
5.68 |
1.07 |
5.62 |
34.13 |
4.19 |
1,00 |
468 |
|
Payment expectation days |
90.88 |
|
Day sales outstanding |
46.52 |
|
Industry average payment expectation days |
69.14 |
|
Industry average day sales outstanding |
115.89 |
|
Payment expectations |
|
|
Company result |
90.88 |
|
Lower |
105.78 |
|
Median |
61.46 |
|
Upper |
34.05 |
Company result 46.52
Lower 77.97
Median 48.89
Upper 26.04
No group structure for this company
No minority interests found
Legal event type Social Security
Summons
Event date 17/01/2007
Court type Court
name Mons
3rd party name 3rd
party type
Legal event type Social Security
Summons
Event date 20/12/2001
Court type Court
name
3rd party name 3rd
party type
there is no data for this company
there is no data for this company
|
Current director details |
|
|
Name |
MG BUSINESS SPRL |
|
Position |
Director |
|
Start Date |
31/12/2006 |
|
Date of birth |
21/09/2006 |
|
Street |
166 RUE DES CANADIENS MONS |
|
Post code |
7022 |
|
Country |
Belgium |
|
|
|
|
Name |
JAJ BUSINESS SPRL |
|
Position |
Director |
|
Start Date |
31/12/2006 |
|
Date of birth |
05/01/2007 |
|
Street |
166 RUE DES CANADIENS MONS |
|
Post code |
7022 |
|
Country |
Belgium |
|
Former director details |
|
|
Name |
MG BUSINESS SPRL |
|
Position |
Managing Director |
|
Start Date |
31/12/2006 |
|
End Date |
Unknown date |
|
Date of birth |
21/09/2006 |
|
Street |
166 RUE DES CANADIENS MONS |
|
Post code |
7022 |
|
Name |
JAJ BUSINESS SPRL |
|
Position |
Managing Director |
|
Start Date |
31/12/2006 |
|
End Date |
Unknown date |
|
Date of birth |
05/01/2007 |
|
Street |
166 RUE DES CANADIENS MONS |
|
Post code |
7022 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.