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|
Report No. : |
332080 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SEAMINOX NV |
|
|
|
|
Registered Office : |
Lepelboomstraat 15 8790 Waregem |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
05.03.2007 |
|
|
|
|
Com. Reg. No.: |
888083894 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores. |
|
|
|
|
No. of Employee : |
3 |
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 : |
Unknown |
|
|
|
|
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 |
Business
number 888083894
Branche
Unit Number 2160563548
Company
name SEAMINOX NV
Address
LEPELBOOMSTRAAT 15
8790 WAREGEM
Number
of staff 3
Date
of establishment 05/03/2007
Telephone
number 056776597
Fax number –
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
30/06/2011 |
7,766,192 |
622,472 |
1,094,541 |
1,458,712 |
|
30/06/2010 |
9,877,638 |
-527,063 |
502,417 |
883,132 |
|
30/09/2008 |
8,084,426 |
78,902 |
518,973 |
1,323,616 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/06/2011 |
5,581,025 |
3 |
1,000,000 |
629,577 |
|
30/06/2010 |
5,217,985 |
2 |
1,000,000 |
-348,854 |
|
30/09/2008 |
5,624,691 |
1 |
500,000 |
259,123 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
10.72 |
|
Industry average payment |
61.68 |
Industry average day sales |
296.62 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
152.25 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount --
NSSO
DETAILS
Date of summons –
|
Business number |
888083894 |
Company name |
SEAMINOX NV |
|
Fax number |
- |
Date founded |
05/03/2007 |
|
Company status |
inactive |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
30/06/2011 |
|
Activity code |
46720 |
Liable for VAT |
no |
|
Activity description |
Wholesale of metals and metal ores |
|
|
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
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 |
31/12/2010 |
|
Event Description |
resignation-appointment of director(s) |
|
Event Details |
Commentaar 31-12-2010: Ontslag Van Der Rasieren
Pascal met ingang vanaf 31/12/2010, benoeming van Huysentrujt Eric als bestuurder met ingang van 01/01/11. |
|
Event Date |
15/11/2011 |
|
Event Description |
proposal of merger by absorption filed |
|
Event Details |
Commentaar 15-11-2011: Voorstel tot
geruisloze fusie naar aanleiding van de
met fusie door overneming gelijkgestelde
verrichting waarbij de naamloze vennootschap
'Seaminox' overgenomen wordt door de naamloze
vennootschap 'Dh-Group', met ze |
|
Event Date |
15/11/2011 |
|
Event Description |
proposal of merger by absorption filed |
|
Event Details |
Commentaar 15-11-2011: Voorstel tot
geruisloze fusie naar aanleiding van de
met fusie door overneming gelijkgestelde
verrichting waarbij de naamloze vennootschap
'Seaminox' overgenomen wordt door de naamloze
vennootschap 'Dh-Group', met ze |
|
Event Date |
31/12/2010 |
|
Event Description |
resignation-appointment of director(s) |
|
Event Details |
Commentaar 31-12-2010: Ontslag Van Der
Rasieren Pascal met ingang vanaf 31/12/2010,
benoeming van Huysentrujt Eric als
bestuurder met ingang van 01/01/11. |
|
Event Date |
15/11/2011 |
|
Event Description |
proposal of merger by absorption filed |
|
Event Details |
tel te 3500 Hasselt, Zilstraat 5,
RPR Hasselt en met BTW-nummer BE
0456.843.571. |
|
Event Date |
15/11/2011 |
|
Event Description |
proposal of merger by absorption filed |
|
Event Details |
tel te 3500 Hasselt, Zilstraat 5,
RPR Hasselt en met BTW-nummer BE
0456.843.571. |
|
Event Date |
22/02/2012 |
|
Event Description |
no longer subject to VAT tax |
|
Event Details |
|
|
Event Date |
22/02/2012 |
|
Event Description |
no longer subject to VAT tax |
|
Event Details |
|
ASSETS
|
Annual
accounts |
30-06-2011 |
% |
30-06-2010 |
% |
30-09-2008 |
|
Weeks |
52 |
|
91 |
|
83 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
196,557 |
0.88 |
194,842 |
-29.96 |
278,202 |
|
Intangible fixed assets |
12,347 |
-50.98 |
25,186 |
-29.44 |
35,693 |
|
Tangible fixed assets |
147,185 |
46.26 |
100,631 |
-43.92 |
179,434 |
|
Land & building |
- |
- |
- |
- |
- |
|
Plant & machinery |
76,157 |
111 |
35,962 |
-49.88 |
71,749 |
|
Furniture & Vehicles |
52,452 |
28.50 |
40,819 |
-46.88 |
76,850 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
|
Other tangible assets |
18,576 |
-22.11 |
23,850 |
-22.65 |
30,835 |
|
Financial fixed assets |
37,025 |
-46.36 |
69,025 |
9.43 |
63,075 |
|
Total current assets |
5,384,467 |
7.19 |
5,023,143 |
-6.05 |
5,346,489 |
|
Inventories |
1,968,507 |
-24.87 |
2,620,000 |
78.06 |
1,471,391 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,968,507 |
-24.87 |
2,620,000 |
78.06 |
1,471,391 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
3,239,452 |
70.91 |
1,895,360 |
-49.58 |
3,759,078 |
|
Other amounts receivable |
- |
- |
87,575 |
- |
- |
|
Cash |
176,509 |
-57.99 |
420,207 |
399 |
84,202 |
|
Miscellaneous current assets |
0 |
- |
0 |
-100 |
31,818 |
|
Total Assets |
5,581,025 |
6.96 |
5,217,985 |
-7.23 |
5,624,691 |
LIABILITIES
|
Total shareholders equity |
1,106,888 |
109 |
527,603 |
-4.88 |
554,666 |
|
Issued share capital |
1,000,000 |
0 |
1,000,000 |
100 |
500,000 |
|
Share premium account |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
|
Reserves |
106,888 |
22.63 |
-472,397 |
-964 |
54,666 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
|
Creditors |
4,474,136 |
-4.61 |
4,690,382 |
-7.49 |
5,070,025 |
|
Other long term loans |
548,381 |
-0.36 |
550,371 |
-47.44 |
1,047,152 |
|
Long term group loans |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
548,381 |
-0.36 |
550,371 |
-47.44 |
1,047,152 |
|
Current portion of long term debt |
101,808 |
41.87 |
71,761 |
-16.99 |
86,444 |
|
Financial debts |
3,574,485 |
1.28 |
3,529,447 |
2.30 |
3,450,000 |
|
Trade creditors |
215,152 |
-60.03 |
538,264 |
18.52 |
454,146 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
34,311 |
6265 |
539 |
-98.33 |
32,283 |
|
Miscellaneous current liabilities |
0 |
- |
0 |
- |
0 |
|
Total current liabilities |
3,925,756 |
-5.18 |
4,140,011 |
2.91 |
4,022,873 |
|
Total Liabilities |
5,581,025 |
6.96 |
5,217,985 |
-7.23 |
5,624,691 |
RATIO ANALYSIS
|
TRADING PERFORMANCE
|
|||||
|
Profit Before Tax |
8.02 |
150 |
-5.34 |
-644 |
0.98 |
|
Return on capital employed |
37.61 |
76.93 |
-48.89 |
-1091 |
4.93 |
|
Return on total assets employed |
11.15 |
110 |
-10.10 |
-821 |
1.40 |
|
Return on net assets employed |
56.24 |
56.30 |
-99.90 |
-802 |
14.23 |
|
Sales / net working capital |
5.32 |
-52.42 |
11.18 |
82.98 |
6.11 |
|
Stock turnover ratio |
25.35 |
-4.41 |
26.52 |
45.71 |
18.20 |
|
Creditor days |
10.72 |
-42.77 |
18.73 |
-11.19 |
21.09 |
|
Debtor days |
152.25 |
117 |
70.04 |
-58.73 |
169.72 |
|
SHORT
TERM STABILITY |
|||||
|
Current ratio |
1.37 |
13.22 |
1.21 |
-9.02 |
1.33 |
|
Liquidity ratio / acid ratio |
0.87 |
50.0 |
0.58 |
-39.58 |
0.96 |
|
Current debt ratio |
3.55 |
-54.78 |
7.85 |
8.28 |
7.25 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
|
Cashflow |
629,577 |
180 |
-348,854 |
-234 |
259,123 |
|
Net worth |
1,094,541 |
117 |
502,417 |
-3.19 |
518,973 |
|
LONG
TERM STABILITY |
|||||
|
Gearing |
381.67 |
-51.50 |
786.88 |
-4.78 |
826.37 |
|
Equity in percentage |
19.88 |
95.67 |
10.16 |
2.42 |
9.92 |
|
Total debt ratio |
4.04 |
-54.56 |
8.89 |
-2.74 |
9.14 |
|
Working capital |
1,458,712 |
65.17 |
883,132 |
-33.28 |
1,323,616 |
PROFIT & LOSS
|
Operating Income |
7,794,923 |
-21.41 |
9,918,454 |
22.51 |
8,096,093 |
|
Turnover |
7,766,192 |
-21.38 |
9,877,638 |
22.18 |
8,084,426 |
|
Total operating expenses |
7,327,900 |
-30.13 |
10,487,795 |
33.41 |
7,861,309 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
|
Operating Charges |
7,356,631 |
-30.13 |
10,528,612 |
33.73 |
7,872,976 |
|
Employee costs |
184,659 |
-30.24 |
264,720 |
42.83 |
185,338 |
|
Wages and salary |
104,745 |
-31.02 |
151,854 |
38.14 |
109,925 |
|
Employee pension costs |
- |
- |
- |
- |
- |
|
Social security contributions |
64,085 |
-36.19 |
100,437 |
44.95 |
69,292 |
|
Other employee costs |
15,828 |
27.34 |
12,429 |
103 |
6,121 |
|
Director remuneration |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
50,292 |
-71.78 |
178,209 |
-12.84 |
204,457 |
|
Operating result |
438,292 |
71.83 |
-610,158 |
-373 |
223,117 |
|
Total financial income |
357,125 |
22.09 |
292,513 |
48.32 |
197,224 |
|
Total financial expenses |
172,946 |
-17.42 |
209,419 |
-38.67 |
341,439 |
|
Results on ordinary operations before
taxation |
622,472 |
118 |
-527,063 |
-767 |
78,902 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
26,797 |
- |
- |
- |
7,000 |
|
Extraordinary items |
-26,797 |
- |
0 |
0 |
-7,000 |
|
Results for the Year Before Taxation |
595,674 |
113 |
-527,063 |
-833 |
71,902 |
|
Other appropriations |
- |
- |
- |
- |
- |
|
Taxation |
16,389 |
- |
- |
- |
17,236 |
|
Results on ordinary operations after
taxation |
606,083 |
114 |
-527,063 |
-954 |
61,666 |
|
Net result |
579,286 |
109 |
-527,063 |
-1064 |
54,666 |
|
Profit (Loss) for the Year to
be appropiated |
579,286 |
109 |
-527,063 |
-1064 |
54,666 |
|
Dividends |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 30-06-2011 |
|
|
Full-time Employees |
3 |
|
Part-time Employees |
0 |
|
Total Fte Employees |
3 |
|
Number of hours worked |
|
|
Full-time Employees |
4,832 |
|
Part-time Employees |
312 |
|
Total |
5,144 |
|
Personnel Charges |
|
|
Full-time Employees |
- |
|
Part-time Employees |
- |
|
Total |
184,659 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
2 |
|
Actual working hours |
6,052 |
|
Personnel Charges |
264,720 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
3 |
1 |
4 |
|
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 |
2 |
1 |
3 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
- |
1 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
1 |
- |
1 |
|
Blue collar worker |
1 |
1 |
2 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
|
Average number of temporary staff |
0 |
|
Actual working hours |
112 |
|
Cost of temporary staff |
3,193 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
1 |
1 |
2 |
|
Leavers |
- |
- |
- |
|
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 |
- |
- |
|
Activity code |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
PAYMENT
EXPECTATIONS
Company
result 10.72
Lower
83.19
Median
61.44
Upper 33.75
DAY
SALES OUTSTANDING
Company
result 152.25
Lower
54.01
Median
33.29
Upper 19.46
SUMMARY
Group
- Number of Companies 4
Linkages
- Number of Companies 0
Number
of Countries 0
GROUP STRUCTURE
|
Company name |
Number |
Latest |
|
|
|
financials |
|
- R.L.E. BVBA |
457328175 |
30-11-2013 |
|
- - DH-GROUP NV |
456843571 |
31-12-2013 |
|
- - - SEAMINOX NV |
888083894 |
30-06-2011 |
|
- - LBX-INVEST BVBA |
896615045 |
31-12-2013 |
MINORITY
SHAREHOLDERS
No
minority shareholders found
MINORITY
INTERESTS
No minority interests found
SUMMARY
Group
- Number of Companies 4
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
|
Legal event type |
Merger |
|
|
|
Event date |
30/12/2011 |
|
|
|
Creditor's name |
Seaminox |
3rd party type |
Absorbed Company |
|
Creditor's address |
Lepelboomstraat, 15 |
|
|
|
|
Waregem |
|
|
|
|
8790 |
|
|
|
Creditor's name |
Dh-Group |
3rd party type |
Absorbing Company |
|
Creditor's address |
Zeilstraat, 5 Hasselt 3500 |
|
|
|
Creditor's company number |
456843571 |
|
|
CURRENT
DIRECTOR DETAILS
--
FORMER DIRECTOR DETAILS
|
Name |
LODEWIJK MASQUILLIER |
|
Position |
Director |
|
Start Date |
01/01/2008 |
|
End Date |
30/06/2011 |
|
Street |
12 GROENINGELAAN LIER |
|
Post code |
2500 |
|
Country |
Belgium |
|
Name |
ERIC RENÉ HUYSENTRUIJT |
|
Position |
Director |
|
Start Date |
01/01/2011 |
|
End Date |
Unknown date |
|
Date of birth |
03/08/1951 |
|
Street |
23 GROENINGEKAAI KORTRIJK |
|
Post code |
8500 |
|
Country |
Belgium |
|
Name |
PASCAL MARC VAN DER RASIEREN |
|
Position |
Director |
|
Start Date |
20/03/2007 |
|
End Date |
Unknown date |
|
Date of birth |
16/09/1970 |
|
Street |
16 ZUIDERLAAN WAREGEM |
|
Post code |
8790 |
|
Country |
Belgium |
|
Name |
BIRNA HUYSENTRUIJT |
|
Position |
Director |
|
Start Date |
10/12/2009 |
|
End Date |
Unknown date |
|
Date of birth |
03/10/1978 |
|
Street |
27 SINT-AMANDSTRAAT ZWEVEGEM |
|
Post code |
8550 |
|
Country |
Belgium |
|
Name |
FILIP D'HAVÉ |
|
Position |
Director |
|
Start Date |
29/09/2009 |
|
End Date |
Unknown date |
|
Street |
15 GRAVIN MADELEINE D'ALCANTARALAAN KAPRIJKE |
|
Post code |
9971 |
|
Country |
Belgium |
|
Name |
FILIP D'HAVE |
|
Position |
Director |
|
Start Date |
29/09/2009 |
|
End Date |
Unknown date |
|
Date of birth |
13/12/1971 |
|
Street |
10 SCHEUTBOS KAPRIJKE |
|
Post code |
9971 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.