|
Report No. : |
324080 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAPPI EUROPE NV |
|
|
|
|
Registered Office : |
Terhulpsesteenweg 166 1170 Brussel |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
12.03.1993 |
|
|
|
|
Com. Reg. No.: |
449654386 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of office and school supplies. |
|
|
|
|
No. of Employee : |
67 |
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 : |
Slow |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 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 449654386
Branche
Unit Number 2061626320
Company
name SAPPI EUROPE NV
Address
TERHULPSESTEENWEG 166
1170 BRUSSEL
Number
of staff 67
Date
of establishment 12/03/1993
Telephone
number 026769700
Fax
number 026769660
The business was established over 22 years ago.
The business has 67 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 2 months.
The business has been at the address for less than 6 months.
The business has changed address 1 times in the last year.
There has been no significant change in the business's credit limit.
Operating Result in the latest trading period decreased 309% on the previous trading period.
Pre-tax profits decreased by 532% compared to the previous trading period.
The business saw a decrease in their Cash Balance of 38% during the latest trading period.
Net Worth is a negative amount during the latest trading period.
Working Capital is a negative amount during the latest
trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
30/09/2014 |
1,723,279,753 |
-8,661,430 |
-104,691,831 |
-107,668,666 |
|
30/09/2013 |
1,753,971,070 |
2,000,803 |
-96,969,681 |
-100,184,962 |
|
30/09/2012 |
1,886,708,217 |
857,542 |
-100,517,281 |
-104,044,802 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/09/2014 |
112,421,610 |
67 |
15,130,751 |
5,428,144 |
|
30/09/2013 |
115,536,160 |
76 |
15,130,751 |
7,153,517 |
|
30/09/2012 |
120,619,546 |
86 |
15,130,751 |
6,952,750 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
28.05 |
|
Industry average payment |
96.72 |
Industry average day sales |
138.55 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
20.46 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount -
NSSO
DETAILS
Date of summons 02/12/1999
|
Business number |
449654386 |
Company name |
SAPPI EUROPE NV |
|
Fax number |
026769660 |
Date founded |
12/03/1993 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
Currency |
Euro (€) |
Date of latest accounts |
30/09/2014 |
|
Activity code |
46492 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of office and |
VAT Number |
BE.0449.654.386 Check VAT |
|
|
school supplies |
|
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 |
100 |
|
Description category |
Additional joint committee for labourers |
|
|
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee for
the employees |
SIGNIFICANT EVENTS
|
Event Date |
17/03/2015 |
|
Event Description |
|
|
Event Details |
Neerlegging
van de éénparige schriftelijke besluiten van de aandeelhouders genomen op
11-3-2015 overeenkomstig artikel 556 van het Wetboek van vennootschappen. |
|
ASSETS |
|||||||||
|
Annual accounts |
30-09-2014 |
% |
30-09-2013 |
% |
30-09-2012 |
% |
30-09-2011 |
% |
30-09-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
9,252,203 |
-15.38 |
10,933,338 |
-7.23 |
11,785,773 |
-21.14 |
14,944,523 |
-19.74 |
18,619,985 |
|
Intangible fixed assets |
6,275,367 |
-6.67 |
6,724,057 |
-18.10 |
8,210,152 |
-14.79 |
9,635,117 |
-14.43 |
11,260,470 |
|
Tangible fixed assets |
2,587,675 |
-31.01 |
3,750,787 |
12.35 |
3,338,351 |
-34.68 |
5,111,080 |
-28.63 |
7,161,189 |
|
Land & building |
12,179 |
-6.38 |
13,009 |
-6.00 |
13,840 |
-66.58 |
41,418 |
-5.41 |
43,785 |
|
Plant & machinery |
2,455,755 |
-19.50 |
3,050,777 |
0.32 |
3,041,193 |
-36.89 |
4,819,183 |
-29.07 |
6,794,698 |
|
Furniture & Vehicles |
104,420 |
-19.26 |
129,330 |
-15.07 |
152,285 |
3.51 |
147,117 |
47.32 |
99,861 |
|
Leasing & Other Similar |
- |
- |
3,554 |
-71.23 |
12,354 |
-41.60 |
21,154 |
-29.38 |
29,954 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
15,321 |
-97.24 |
554,117 |
366 |
118,679 |
44.36 |
82,208 |
-57.38 |
192,891 |
|
Financial fixed assets |
389,161 |
-15.12 |
458,494 |
93.24 |
237,270 |
19.64 |
198,326 |
0 |
198,326 |
|
Total current assets |
103,169,407 |
-1.37 |
104,602,822 |
-3.89 |
108,833,773 |
13.83 |
95,610,696 |
-2.53 |
98,089,749 |
|
Inventories |
150,774 |
25.48 |
120,157 |
-59.43 |
296,178 |
-22.79 |
383,605 |
-77.50 |
1,705,088 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
150,774 |
25.48 |
120,157 |
-59.43 |
296,178 |
-22.79 |
383,605 |
-77.50 |
1,705,088 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
96,600,259 |
22.26 |
79,013,354 |
-16.47 |
94,588,151 |
23.27 |
76,730,112 |
-0.08 |
76,792,154 |
|
Other amounts receivable |
5,776,311 |
-75.41 |
23,491,372 |
93.72 |
12,126,229 |
-16.27 |
14,483,273 |
-6.79 |
15,538,364 |
|
Cash |
17,104 |
-38.49 |
27,805 |
70.61 |
16,297 |
-99 |
2,899,262 |
-14.22 |
3,380,055 |
|
Miscellaneous current assets |
624,959 |
-57.78 |
1,480,134 |
10.71 |
1,336,918 |
107 |
644,444 |
-4.40 |
674,088 |
|
Total Assets |
112,421,610 |
-2.70 |
115,536,160 |
-4.21 |
120,619,546 |
9.10 |
110,555,219 |
-5.27 |
116,709,734 |
|
LIABILITIES |
|||||||||
|
Total shareholders equity |
-98,416,464 |
-9.05 |
-90,245,624 |
97.77 |
-92,307,129 |
99 |
-93,220,570 |
-6.43 |
-87,591,257 |
|
Issued share capital |
15,130,751 |
0.00 |
15,130,751 |
0 |
15,130,751 |
0 |
15,130,751 |
0 |
15,130,751 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
-113,547,215 |
-7.75 |
-105,376,375 |
98.08 |
-107,437,880 |
99 |
-108,351,321 |
-5.48 |
-102,722,008 |
|
Provisions for Liabilities |
0 |
-100 |
994,000 |
2269 |
41,955 |
-88.03 |
350,637 |
- |
0 |
|
& Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
210,838,073 |
2.95 |
204,787,784 |
-3.80 |
212,884,720 |
4.65 |
203,425,152 |
-0.43 |
204,300,991 |
|
Other long term loans |
- |
- |
- |
- |
6,145 |
-59.70 |
15,249 |
-37.82 |
24,523 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
0 |
-100 |
994,000 |
1966 |
48,100 |
-86.85 |
365,886 |
1392 |
24,523 |
|
Current portion of long |
29,000,000 |
-42.01 |
50,007,631 |
56.23 |
32,009,036 |
166 |
12,008,538 |
0.01 |
12,007,374 |
|
term debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
- |
- |
- |
- |
9,504,289 |
243 |
2,770,281 |
-56.10 |
6,310,232 |
|
Trade creditors |
132,960,340 |
17.93 |
112,749,671 |
-11.22 |
126,999,644 |
-5.12 |
133,852,052 |
1.77 |
131,517,695 |
|
Amounts Payable for Taxes, Remuneration &
Social Security |
10,669,510 |
18.29 |
9,020,088 |
-17.09 |
10,879,863 |
-38.43 |
17,671,220 |
58.32 |
11,161,595 |
|
Miscellaneous current |
38,208,223 |
15.75 |
33,010,394 |
-1.42 |
33,485,743 |
-9.76 |
37,107,812 |
-14.26 |
43,279,572 |
|
liabilities |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
210,838,073 |
2.95 |
204,787,784 |
-3.80 |
212,878,575 |
4.65 |
203,409,903 |
-0.42 |
204,276,468 |
|
Total Liabilities |
112,421,610 |
-2.70 |
115,536,160 |
-4.21 |
120,619,546 |
9.10 |
110,555,219 |
-5.27 |
116,709,734 |
|
RATIO
ANALYSIS |
|||||||||
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
-0.50 |
-554 |
0.11 |
120 |
0.05 |
50.0 |
-0.10 |
-176 |
0.13 |
|
Return on capital employed |
8.80 |
392 |
-2.24 |
-140 |
-0.93 |
-139 |
2.35 |
79.12 |
-2.97 |
|
Return on total assets employed |
-7.70 |
-545 |
1.73 |
143 |
0.71 |
36.04 |
-1.97 |
-188 |
2.23 |
|
Return on net assets |
8.80 |
396 |
-2.22 |
-138 |
-0.93 |
-139 |
2.34 |
78.79 |
-2.97 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Sales / net working |
-16.01 |
91.43 |
-17.51 |
96.58 |
-18.13 |
92.08 |
-19.69 |
-3.31 |
-19.06 |
|
capital |
|
|
|
|
|
|
|
|
|
|
Stock turnover ratio |
0.01 |
0 |
0.01 |
-50.0 |
0.02 |
0 |
0.02 |
-75.00 |
0.08 |
|
Creditor days |
28.05 |
19.31 |
23.51 |
-4.43 |
24.60 |
6.68 |
23.06 |
-2.91 |
23.75 |
|
Debtor days |
20.46 |
24.45 |
16.44 |
-10.16 |
18.30 |
38.64 |
13.20 |
-4.69 |
13.85 |
|
SHORT TERM STABILITY |
|||||||||
|
Current ratio |
0.49 |
-3.92 |
0.51 |
0 |
0.51 |
8.51 |
0.47 |
-2.08 |
0.48 |
|
Liquidity ratio / acid ratio |
0.49 |
-3.92 |
0.51 |
0 |
0.51 |
8.51 |
0.47 |
0 |
0.47 |
|
Current debt ratio |
-2.14 |
94.27 |
-2.27 |
98.27 |
-2.31 |
-5.96 |
-2.18 |
93.56 |
-2.33 |
|
Liquidity ratio reprocessed |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Cashflow |
5,428,144 |
-24.12 |
7,153,517 |
2.89 |
6,952,750 |
334 |
1,598,980 |
-84.90 |
10,591,188 |
|
Net worth |
-104,691,831 |
-7.96 |
-96,969,681 |
96.47 |
-100,517,281 |
97.73 |
-102,855,687 |
-4.05 |
-98,851,727 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
-29.47 |
53.19 |
-55.41 |
-23.19 |
-44.98 |
-183 |
-15.87 |
75.79 |
-20.94 |
|
Equity in percentage |
-92.72 |
-11.79 |
-82.94 |
-1.00 |
-82.12 |
88.90 |
-92.37 |
-11.21 |
-83.06 |
|
Total debt ratio |
-2.14 |
93.86 |
-2.28 |
98.70 |
-2.31 |
-5.48 |
-2.19 |
93.99 |
-2.33 |
|
Working capital |
-107,668,666 |
-7.47 |
-100,184,962 |
96.29 |
-104,044,802 |
96.52 |
-107,799,207 |
-1.52 |
-106,186,719 |
|
PROFIT
& LOSS |
|||||||||
|
Operating Income |
1,866,249,864 |
-3.01 |
1,924,166,967 |
-6.07 |
2,048,604,973 |
-10.56 |
2,290,604,867 |
4.14 |
2,199,608,325 |
|
Turnover |
1,723,279,753 |
-1.75 |
1,753,971,070 |
-7.04 |
1,886,708,217 |
-11.10 |
2,122,270,910 |
4.87 |
2,023,739,581 |
|
Total operating |
1,730,333,763 |
-1.16 |
1,750,606,356 |
-7.09 |
1,884,127,301 |
-11.08 |
2,118,803,754 |
4.81 |
2,021,492,093 |
|
expenses |
|
|
|
|
|
|
|
|
|
|
Gross Operating |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Margin |
|
|
|
|
|
|
|
|
|
|
Operating Charges |
1,873,303,874 |
-2.47 |
1,920,802,253 |
-6.12 |
2,046,024,057 |
-10.54 |
2,287,137,711 |
4.09 |
2,197,360,837 |
|
Employee costs |
15,660,356 |
-1.04 |
15,825,417 |
-12.56 |
18,097,710 |
16.11 |
15,586,535 |
-13.45 |
18,008,300 |
|
Wages and salary |
11,471,747 |
-4.42 |
12,001,684 |
-8.02 |
13,048,764 |
12.98 |
11,549,179 |
-14.55 |
13,515,340 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
2,963,899 |
24.94 |
2,372,226 |
-26.48 |
3,226,514 |
15.67 |
2,789,344 |
-7.07 |
3,001,434 |
|
Other employee costs |
1,224,710 |
-15.62 |
1,451,507 |
-20.35 |
1,822,432 |
46.03 |
1,248,012 |
-16.33 |
1,491,526 |
|
Director remuneration |
612,632 |
4.54 |
586,013 |
6.72 |
549,133 |
5.46 |
520,712 |
7.57 |
484,085 |
|
Operating result |
-7,054,010 |
-309 |
3,364,714 |
30.37 |
2,580,916 |
-25.56 |
3,467,156 |
54.27 |
2,247,488 |
|
Total financial income |
21,877,147 |
-5.74 |
23,209,866 |
-12.90 |
26,646,360 |
-11.09 |
29,969,024 |
-1.93 |
30,557,380 |
|
Total financial expenses |
23,484,568 |
-4.43 |
24,573,777 |
-13.38 |
28,369,734 |
-20.35 |
35,616,921 |
17.93 |
30,201,168 |
|
Results on ordinary operations before taxation |
-8,661,430 |
-532 |
2,000,803 |
133 |
857,542 |
39.32 |
-2,180,741 |
-183 |
2,603,700 |
|
Extraordinary Income |
2,728,967 |
74.34 |
1,565,331 |
-1.29 |
1,585,826 |
781 |
179,812 |
-90.23 |
1,841,060 |
|
Extraordinary Charges |
2,180,044 |
45.29 |
1,500,501 |
-1.67 |
1,526,005 |
-57.94 |
3,628,385 |
3092 |
113,649 |
|
Extraordinary items |
548,923 |
746 |
64,830 |
8.37 |
59,821 |
1.73 |
-3,448,573 |
-299 |
1,727,411 |
|
Results for the |
-8,112,508 |
-492 |
2,065,633 |
125 |
917,363 |
16.30 |
-5,629,314 |
-229 |
4,331,111 |
|
Year Before |
|
|
|
|
|
|
|
|
|
|
Taxation appropriations |
|
|
|
|
|
|
|
|
|
|
Taxation |
58,331 |
1312 |
4,129 |
5.30 |
3,921 |
- |
- |
- |
- |
|
Results on ordinary operations after taxation |
-8,719,762 |
-536 |
1,996,674 |
133 |
853,621 |
39.14 |
-2,180,741 |
-183 |
2,603,700 |
|
Net result |
-8,170,839 |
-496 |
2,061,504 |
125 |
913,442 |
16.23 |
-5,629,314 |
-229 |
4,331,111 |
|
Profit (Loss) for the Year to be
appropiated |
-8,170,839 |
-496 |
2,061,504 |
125 |
913,442 |
16.23 |
-5,629,314 |
-229 |
4,331,111 |
|
Social
Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 30-09-2014 |
|
|
Full-time Employees |
67 |
|
Part-time Employees |
4 |
|
Total Fte Employees |
70 |
|
Number of hours worked |
|
|
Full-time Employees |
110,389 |
|
Part-time Employees |
5,612 |
|
Total |
116,001 |
|
Personnel Charges |
|
|
Full-time Employees |
15,204,640 |
|
Part-time Employees |
455,716 |
|
Total |
15,660,356 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
80 |
|
Actual working hours |
134,033 |
|
Personnel Charges |
15,825,417 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
64 |
4 |
67 |
|
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 university) |
- |
- |
- |
|
Higher education (university) |
39 |
- |
39 |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
25 |
4 |
28 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
61 |
4 |
64 |
|
Blue collar worker |
3 |
- |
3 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
|
Average number of temporary staff |
1 |
|
Actual working hours |
2,640 |
|
Cost of temporary staff |
90,243 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
8 |
1 |
9 |
|
Leavers |
18 |
- |
18 |
|
Total of formal continuing vocational
training initiatives |
|
|
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
40 |
27 |
|
Number of training hours |
1,246 |
792 |
|
Net costs for enterprise |
147,233 |
93,586 |
|
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 |
46492 |
|
Activity description |
Wholesale of office and school supplies |
|
industry average credit rating |
63.37 |
|
Industry average credit limit |
22333.36 |
|
Payment Information |
|
|
Total number of Invoices available |
22 |
|
Total number of Invoices paid within
or up to 30 days after the
due date |
8 |
|
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 |
28.05 |
|
Day sales outstanding |
20.46 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46492 |
|
Activity description |
Wholesale of office and school supplies |
|
Industry average payment expectation days |
96.72 |
|
Industry average day sales outstanding |
138.55 |
INDUSTRY
QUARTILE ANALYSIS
Payment
expectations
Company
result 28.05
Lower
92.78
Median
48.14
Upper
18.45
DAY
SALES OUTSTANDING
Company
result 20.46
Lower
84.96
Median
41.69
Upper
17.32
SUMMARY
|
Group - Number of Companies |
5 |
|
Linkages - Number of Companies |
44 |
|
Number of Countries |
13 |
GROUP STRUCTURE
|
Company
name |
Number |
Latest
financials |
|
- SAPPI EUROPE NV |
449654386 |
30-09-2014 |
|
- - SAPPI BLACKBURN SA |
459376162 |
30-09-2013 |
|
- - SAPPI HELLAS LTD SOC.ETR. E.P.B. |
|
|
|
- - SAPPI ISTANBUL KAGIT VE TICARIT LIMITED ... |
|
|
|
- - SAPPI POLSKA SP. Z.O.O SOC.ETR. E.P.B. |
|
|
MINORITY
SHAREHOLDERS
No minority shareholders found
MINORITY INTERESTS
|
Business |
Company name |
% |
Date of |
|
number |
|
|
accounts |
|
- |
SAPPI ITALIA SRL SOC.ETR. E.P.B. |
5 |
- |
|
- |
SAPPI EUROPE IBERICA SOC.ETR. E.P.B. |
5 |
- |
|
SUMMARY |
|
|
Group - Number of Companies |
5 |
|
Linkages - Number of Companies |
44 |
|
Number of Countries |
13 |
LINKED COMPANIES
|
NAME |
NUMBER |
LATEST
KEY |
TURNOVER |
|
|
|
FINANCIALS |
|
|
SAPPI |
- |
30.09.2014 |
€4.206.398.779 |
|
SAPPI (UK) SALES OFFICE LTD. |
02523638 |
30.09.2013 |
£2.546.000 |
|
SAPPI EUROPE LIMITED |
02456283 |
30.09.2011 |
- |
|
SAPPI FINE PAPER LIMITED |
03555775 |
30.09.2013 |
- |
|
SAPPI UK HOLDINGS B.V. |
33285779 |
- |
- |
|
SAPPI LANAKEN PRESS PAPER NV |
426966779 |
30.09.2014 |
€170.595.181 |
|
SAPPI INTERNATIONAL SA |
449887582 |
30.09.2014 |
€449.732 |
|
HANNOVERSCHE PAPIERFABRIKEN |
HRB 3 |
- |
- |
|
ALFELD-GRONAU |
|
|
|
|
AKTIENGESELLSCHAFT |
|
|
|
|
SAPPI FINE PAPER NORTH AMERICA |
- |
- |
$1.405.600.000 |
|
BROCAS LLC |
- |
- |
- |
|
SAPPI CLOQUET LLC |
- |
- |
$516.000 |
|
EUROPEAN PAPER HOLDINGS SA |
- |
- |
- |
|
GLOBAL PAPER HOLDINGS SA |
- |
- |
- |
|
LIGNIN INSURANCE CO.LTD |
- |
- |
- |
|
NGODWANA MILL LTD |
- |
- |
- |
|
POLYMER TECHNOLOTY INTL BV |
- |
- |
- |
|
PULP HOLDINGS (PTY) LTD. |
- |
- |
- |
|
SAPPI ALFELD GMBH |
- |
- |
- |
|
SAPPI AUSTRIA PRODUKTIONS |
- |
- |
- |
|
GMBH |
|
|
|
|
SAPPI BELGIUM BV |
- |
- |
- |
|
1 2 3 |
|
|
|
SUMMONS
|
|
|
|
|
Legal event type |
Social Security Summons |
|
|
Event date |
02/12/1999 |
|
|
Court type |
|
Court name |
|
Creditor's name |
|
3rd party type |
PROTESTED
BILLS
There
is no data for this company
BANKRUPTCY
AND OTHER LEGAL EVENTS
There
is no data for this company
CURRENT DIRECTOR DETAILS
|
Name |
BEREND WIERSUM |
|
Position |
Managing Director |
|
Start Date |
01/04/2007 |
|
Street |
435 LOUIZALAAN BRUSSEL |
|
Post code |
1050 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
15/01/2007 |
|
Street |
435 LOUIZALAAN BRUSSEL |
|
Post code |
1050 |
|
Country |
Belgium |
|
Name |
STEPHEN BLYTH |
|
Position |
Director |
|
Start Date |
01/07/2014 |
|
End Date |
03/02/2020 |
|
Street |
66 AV. DU BOIS DE CHAPELLE LASNE |
|
Post code |
1380 |
|
Country |
Belgium |
|
Name |
STEPHEN BINNIE |
|
Position |
Director |
|
Start Date |
01/07/2014 |
|
End Date |
03/02/2020 |
|
Street |
9 MAXWELL MACDONOLD STREET |
|
Post code |
2196 |
|
Country |
South Africa |
FORMER DIRECTOR DETAILS
|
Name |
GLEN PEARCE |
|
Position |
Director |
|
Start Date |
01/05/2008 |
|
End Date |
01/07/2014 |
|
Street |
90 MEZENSTRAAT BERTEM |
|
Post code |
3061 |
|
Country |
Belgium |
|
Name |
WOLFGANG PFARL |
|
Position |
Managing Director |
|
Start Date |
12/03/2008 |
|
End Date |
Unknown date |
|
Street |
3 EKSELBOSLAAN SINT-GENESIUS-RODE |
|
Post code |
1640 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
End Date |
31/03/2007 |
|
Street |
3 EKSELBOSLAAN SINT-GENESIUS-RODE |
|
Post code |
1640 |
|
Country |
Belgium |
|
Name |
HUBERT GEBREITER |
|
Position |
Managing Director |
|
Start Date |
15/03/2000 |
|
End Date |
01/05/2009 |
|
Street |
17 SINT-HUBERTUSLAAN TERVUREN |
|
Post code |
3080 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
End Date |
01/05/2009 |
|
Street |
17 SINT-HUBERTUSLAAN TERVUREN |
|
Post code |
3080 |
|
Country |
Belgium |
|
Name |
RUDOLF THUMMER |
|
Position |
Managing Director |
|
Start Date |
12/03/2008 |
|
End Date |
Unknown date |
|
Street |
30 CLOS HOF TEN BERGE BRUSSEL |
|
Post code |
1200 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
End Date |
31/12/2005 |
|
Street |
30 CLOS HOF TEN BERGE BRUSSEL |
|
Post code |
1200 |
|
Country |
Belgium |
|
Name |
MATH QUAEDVLIEG |
|
Position |
Director |
|
Start Date |
01/01/2006 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
The Netherlands |
|
Name |
R. BÖETTGER |
|
Position |
Director |
|
Start Date |
21/11/2007 |
|
End Date |
01/07/2014 |
|
Street |
1 JB CHAPMAN ROAD |
|
Post code |
0 |
|
Country |
South Africa |
|
Name |
DONALD G WILSON |
|
Position |
Director |
|
Start Date |
17/03/1999 |
|
End Date |
Unknown date |
|
Street |
50 WORCHESTER ROAD, PARKWOOD, 2193 GAUTENG |
|
Post code |
|
|
Country |
South Africa |
|
Name |
WILLIAM E. HEWITT |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
End Date |
Unknown date |
|
Street |
FIFTH STREET |
|
Post code |
2146 |
|
Country |
South Africa |
|
Name |
RALPH BOETTGER |
|
Position |
Director |
|
Start Date |
21/11/2007 |
|
End Date |
01/07/2014 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
MATHIJS QUAEDVLIEG |
|
Position |
Director |
|
Start Date |
01/01/2006 |
|
End Date |
01/07/2014 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
MATHIJS QUAEDVLIEG |
|
Position |
Director |
|
Start Date |
01/01/2006 |
|
End Date |
01/07/2014 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
RALPH BOËTTGER |
|
Position |
Director |
|
Start Date |
21/11/2007 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
MICHAEL SPALLART |
|
Position |
Director |
|
Start Date |
01/04/2004 |
|
End Date |
16/03/2005 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
A. VLOK |
|
Position |
Director |
|
Start Date |
18/03/1998 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.