MIRA INFORM REPORT
|
Report No. : |
325574 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PICANOL NV |
|
|
|
|
Registered Office : |
Steverlyncklaan 15, 8900 Ieper |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.09.1936 |
|
|
|
|
Com. Reg. No.: |
405502362 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
· Engaged in Developing, Producing and Marketing High-Tech Weaving Machines. · Engaged in Manufacturing machinery for Textile, Apparel and Leather Production |
|
|
|
|
No of Employees : |
626 (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 : |
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 – 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 |
Company
summary
Business number 405502362
Branche Unit Number 2153074851
Company name PICANOL NV
Address STEVERLYNCKLAAN 15
8900 IEPER
Number of staff 626 (31.12.2013)
Date of establishment 01/09/1936
Telephone number 057222111
Fax number 057222001
Ultimate
holding company
Company name Company
Number
Artela NV 453029590
Commentary
|
The business was established over 86 years
ago. |
|
|
The business has 626 employees. |
|
|
The business is part of a group. |
|
|
The business has been at the address for
over 3 years. |
|
|
Operating Result in the latest trading period
increased 55% on the previous trading period. |
|
|
Net Worth increased by 39% during the
latest trading period. |
|
|
A 29% growth in Total Assets occurred
during the latest trading period. |
|
|
Pre-tax profits increased by 57% compared to
the previous trading period. |
|
|
Turnover in the latest trading period
increased 31% on the previous trading period. |
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING
CAPITAL
31/12/2013 431,919,347
85,701,202 226,744,469 156,391,347
31/12/2012 329,453,865
54,268,116 162,464,490 118,994,440
31/12/2011 348,868,784
54,160,691 122,444,696 79,297,061
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 325,470,358
626
22,200,000 65,789,584
31/12/2012 251,640,352
609 22,200,000
41,946,726
31/12/2011 203,425,019 582 22,200,000 65,568,832
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Payment expectation days 46.88
Industry average payment expectation days 47.87
Industry average day sales outstanding 81.38
Day sales outstanding 30.58
Court
data summary
BANKRUPTCY DETAILS
Court action type no
NSSO DETAILS
Date
of summons 12/09/2003
Company
information
Business number 405502362
Company name PICANOL NV
Fax number 057222001
Date founded 01/09/1936
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity description
· Engaged in Developing, Producing and Marketing High-Tech Weaving Machines.
·
Engaged in Manufacturing machinery for Textile, Apparel and Leather Production
Liable for VAT yes
VAT Number BE.0405.502.362
Belgian Bullettin of Acts
Publications moniteur belge
Joint
Industrial Committee
(JIC)
JIC Code 111
Description JC for the metal,
machinery and electrical construction
category
JIC Code 209
Description Joint committee
for the employees off the metal industry
category
Significant
Events
Event Date 29/05/2012
Event Details Bekrachting van de
algemene vergadering.
COMPANY
ACCOUNTS
Assets
|
Annual
accounts |
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
||
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
||
|
Assets |
|
|
|
|
|
|
|
|
|
||
|
Total
fixed assets |
85448680 |
43.45 |
59568530 |
-0.94 |
60135769 |
-3.70 |
62446247 |
1.841 |
52739493 |
||
|
Intangible
fixed assets |
423158 |
-31.01 |
613352 |
-5.08 |
646206 |
-23.71 |
847022 |
-36.10 |
1325480 |
||
|
Tangible
fixed assets |
9122479 |
30.08 |
7012981 |
-7.44 |
7576366 |
-.2.23 |
7749047 |
-9.22 |
8535812 |
||
|
Land
& building |
4147409 |
-6.44 |
4432983 |
-6.58 |
4745348 |
-6.77 |
5089810 |
-7.11 |
5479450 |
||
|
Plant
& machinery |
1183582 |
-18.89 |
1459192 |
-24.28 |
1927148 |
-14.01 |
2241047 |
-13.75 |
2598300 |
||
|
Furniture
& Vehicles |
682597 |
2.35 |
666907 |
1.99 |
653870 |
310 |
159240 |
-20.76 |
200954 |
||
|
Other
Tangible Assets |
3108890 |
584 |
453900 |
81.56 |
250000 |
-3.46 |
258950 |
0.72 |
257108 |
||
|
Financial
fixed assets |
75903044 |
46.13 |
51942198 |
0.06 |
51913197 |
-3.60 |
53850179 |
25.59 |
42878201 |
||
|
Total
Current assets |
240021678 |
24.96 |
192071821 |
34.04 |
143289250 |
80.26 |
79489841 |
32.09 |
60178792 |
||
|
Inventories |
22283346 |
21.45 |
18348343 |
8.70 |
16879704 |
-2.62 |
17333325 |
2.72 |
16874657 |
||
|
Raw
materials & consumables |
15069462 |
13.33 |
13297072 |
6.94 |
12434629 |
-4.87 |
13071089 |
22.47 |
10672749 |
||
|
Work
in progress |
2831844 |
1.07 |
2801995 |
58.81 |
1764317 |
-22.82 |
2285862 |
-49.06 |
4487386 |
||
|
Finished
goods |
4382040 |
94.82 |
2249276 |
-16.10 |
2680758 |
35.64 |
1976374 |
15.27 |
1714522 |
||
|
Trade debtors |
36,190,703 |
-29.47 |
51,314,311 |
58.71 |
32,331,583 |
-24.92 |
43,063,311 |
65.03 |
26,094,699 |
||
|
Other amounts receivable |
161,492,891 |
2594 |
5,993,194 |
-25.12 |
8,003,287 |
39.74 |
5,727,252 |
-41.30 |
9,757,186 |
||
|
Cash |
6,536,246 |
-6.93 |
7,022,862 |
-91.78 |
85,470,021 |
551 |
13,112,801 |
81.06 |
7,242,203 |
||
|
Miscellaneous current assets |
13,518,491 |
-87.64 |
109,393,112 |
17991 |
604,655 |
138 |
253,151 |
20.52 |
210,048 |
||
|
Total Assets |
325,470,358 |
29.34 |
251,640,352 |
23.70 |
203,425,019 |
43.32 |
141,936,088 |
25.70 |
112,918,285 |
||
|
Liabilities |
|
|
|
|
|
|
|
|
|
||
|
Total shareholders equity |
227,167,627 |
39.30 |
163,077,842 |
32.49 |
123,090,902 |
106 |
59,601,178 |
63.40 |
36,474,651 |
||
|
Issued share capital |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
||
|
Share premium account |
1,518,428 |
0 |
1,518,428 |
0 |
1,518,428 |
0.00 |
1,518,428 |
0.00 |
1,518,428 |
||
|
Reserves |
203,449,199 |
45.99 |
139,359,414 |
40.24 |
99,372,475 |
176 |
35,882,750 |
181 |
12,756,224 |
||
|
Provisions for Liabilities & Charges |
14,582,973 |
-4.26 |
15,231,835 |
-3.64 |
15,807,062 |
24.49 |
12,697,563 |
11.06 |
11,433,215 |
||
|
Creditors |
83,719,758 |
14.17 |
73,330,675 |
13.64 |
64,527,055 |
-7.34 |
69,637,347 |
7.12 |
65,010,418 |
||
|
Other long term loans |
89,427 |
-64.69 |
253,294 |
-52.64 |
534,866 |
-53.55 |
1,151,609 |
-45.25 |
2,103,403 |
||
|
Total long term debts |
14,672,400 |
-5.25 |
15,485,129 |
-5.24 |
16,341,928 |
18.00 |
13,849,172 |
2.31 |
13,536,618 |
||
|
Current portion of long term debt |
114,316 |
-51.22 |
234,346 |
-72.08 |
839,346 |
-59.70 |
2,082,911 |
-55.07 |
4,636,054 |
||
|
Financial debts |
13,374,417 |
225 |
4,110,520 |
1263 |
301,516 |
-89.76 |
2,943,329 |
-62.31 |
7,809,311 |
||
|
Trade creditors |
46,041,556 |
0.85 |
45,652,106 |
12.79 |
40,474,048 |
-4.30 |
42,293,304 |
19.96 |
35,256,221 |
||
|
Amounts Payable for Taxes, Remuneration
& Social Security |
7,798,541 |
8.41 |
7,193,582 |
3.92 |
6,921,923 |
22.95 |
5,629,901 |
-40.58 |
9,474,337 |
||
|
Miscellaneous current liabilities |
16,301,501 |
2.61 |
15,886,827 |
2.79 |
15,455,356 |
-0.52 |
15,536,293 |
171 |
5,731,093 |
||
|
Total current liabilities |
83,630,331 |
14.44 |
73,077,381 |
14.20 |
63,992,189 |
-6.56 |
68,485,738 |
8.87 |
62,907,016 |
||
|
Total Liabilities |
325,470,358 |
29.34 |
251,640,352 |
23.70 |
203,425,019 |
43.32 |
141,936,088 |
25.70 |
112,918,285 |
||
Ratio Analysis
|
|
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
19.84 |
20.46 |
16.47 |
6.12 |
15.52 |
77.57 |
8.74 |
134 |
-6.51 |
|
Return on capital employed |
35.44 |
16.62 |
30.39 |
-21.76 |
38.84 |
23.62 |
31.42 |
141 |
-22.16 |
|
Return on total assets employed |
26.33 |
22.07 |
21.57 |
-18.97 |
26.62 |
63.71 |
16.26 |
165 |
-9.81 |
|
Return on net assets employed |
37.73 |
13.37 |
33.28 |
-24.36 |
44.00 |
13.64 |
38.72 |
127 |
-30.38 |
|
Sales / net working capital |
2.76 |
-0.36 |
2.77 |
-37.05 |
4.40 |
-81.67 |
24.00 |
38.47 |
-62.39 |
|
Stock turnover ratio |
5.16 |
-7.36 |
5.57 |
15.08 |
4.84 |
-26.22 |
6.56 |
-33.80 |
9.91 |
|
Creditor
days |
46.88 |
-20.60 |
59.04 |
21.81 |
48.47 |
-23.68 |
63.51 |
-7.73 |
68.83 |
|
Debtor
days |
30.58 |
-46.21 |
56.85 |
68.05 |
33.83 |
-43.16 |
59.52 |
6.36 |
55.96 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
2.87 |
9.13 |
2.63 |
17.41 |
2.24 |
93.10 |
1.16 |
20.83 |
0.96 |
|
Liquidity
ratio / acid ratio |
2.60 |
9.24 |
2.38 |
20.20 |
1.98 |
117 |
0.91 |
31.88 |
0.69 |
|
Current
debt ratio |
0.37 |
-17.78 |
0.45 |
-13.46 |
0.52 |
-54.78 |
1.15 |
-33.14 |
1.72 |
|
Cashflow |
65789584 |
56.84 |
41946726 |
-36.03 |
65568832 |
156 |
25597401 |
252 |
-10126824 |
|
Net
worth |
226744469 |
39.57 |
162464490 |
32.68 |
122444696 |
108 |
58754156 |
67.16 |
35149172 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
5.98 |
112 |
2.82 |
107 |
1.36 |
-86.89 |
10.37 |
-74.00 |
39.89 |
|
Equity
in percentage |
69.89 |
7.59 |
64.96 |
7.02 |
60.70 |
43.70 |
42.24 |
29.21 |
32.69 |
|
Total
debt ratio |
0.43 |
-20.37 |
0.54 |
-16.92 |
0.65 |
-52.90 |
1.38 |
-34.29 |
2.10 |
|
Working
Capital |
156391347 |
31.43 |
118994440 |
50.06 |
79297061 |
620 |
11004103 |
403 |
-2728223 |
Profit & Loss
|
Annual
accounts |
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Operating Income |
445365900 |
30.14 |
342229624 |
-5.49 |
362105619 |
32.51 |
273276903 |
56.00 |
175174967 |
|
Turnover |
431919347 |
31.10 |
329453865 |
-5.57 |
348868784 |
32.10 |
264084946 |
55.15 |
170212538 |
|
Total Operating
Expense |
358492294 |
27.02 |
282240467 |
-7.40 |
304796504 |
25.40 |
243061745 |
30.01 |
186961329 |
|
Operating Charges
|
371938847 |
26.07 |
295016226 |
-7.24 |
318033336 |
26.08 |
252253702 |
31.43 |
191923759 |
|
Employees Costs |
39290260 |
11.58 |
35212231 |
-2.00 |
35929883 |
7.51 |
33419225 |
-20.62 |
42102307 |
|
Wages &
Salary |
25485216 |
13.42 |
22470722 |
-0.85 |
22662354 |
4.75 |
21635229 |
-26.85 |
29574756 |
|
Employees Pension
costs |
1171484 |
-12.87 |
1344492 |
-5.32 |
1420082 |
12.88 |
1258019 |
21.34 |
1036753 |
|
Social security
Contribution |
8605095 |
13.47 |
7583831 |
-2.77 |
7799921 |
1.91 |
7654013 |
-13.23 |
8820838 |
|
Other Employees
Costs |
4028466 |
5.65 |
3813187 |
-5.79 |
4047526 |
40.93 |
2871963 |
7.57 |
2669960 |
|
Director remuneration
|
155750 |
-29.62 |
221304 |
-39.86 |
368000 |
-13.65 |
426191 |
-62.28 |
1129852 |
|
Amortization
& Depreciation |
1699798 |
-13.27 |
1959787 |
-5.74 |
2079108 |
-15.86 |
2470874 |
-29.47 |
3503135 |
|
Operating result |
73427053 |
55.52 |
47213398 |
7.13 |
44072283 |
109 |
21023201 |
125 |
-16748792 |
|
Total financial
income |
15352135 |
72.98 |
8874854 |
-22.47 |
11446960 |
235 |
3408386 |
-57.68 |
8053389 |
|
Total financial
expenses |
3077985 |
69.11 |
1820136 |
33.98 |
1358552 |
0.49 |
1351909 |
-43.32 |
2385181 |
|
Results on
ordinary operations |
85701202 |
57.92 |
54268116 |
0.20 |
54160691 |
134 |
23079679 |
208 |
-11080584 |
|
Extra ordinary
Income |
2668218 |
870 |
275049 |
-98.61 |
19763235 |
38264 |
51514 |
-66.90 |
155628 |
|
Extra ordinary
Charges |
3085835 |
162773 |
1895 |
-99 |
3602030 |
180181 |
1998 |
-99 |
2704006 |
|
Extraordinary
Items |
-417617 |
-252 |
273154 |
-98.31 |
16161205 |
32538 |
49516 |
1.94 |
-2548377 |
|
Results for the
year Before Taxation |
85283586 |
56.37 |
54541270 |
-22.44 |
70321896 |
204 |
23129195 |
169 |
-13628961 |
|
Taxation |
21193801 |
45.62 |
14554331 |
113 |
6832172 |
255882 |
2669 |
167 |
998 |
|
Result on
ordinary Operations after taxation |
64507402 |
62.43 |
39713785 |
-16.09 |
47328519 |
105 |
23077010 |
208 |
-11081581 |
|
Net result |
64089785 |
60.28 |
38986939 |
-37.02 |
63489724 |
174 |
23126527 |
169 |
-13629959 |
|
Profit (Loss) for
the year to be appropriated |
64089785 |
60.25 |
38986939 |
-37.02 |
63489724 |
174 |
23126527 |
169 |
-13629959 |
Social
balance sheet
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 569
Part-time Employees 76
Total Fte Employees 626
Number of hours worked
Full-time Employees 870,152
Part-time Employees 84,127
Total 954,279
Personnel Charges
Full-time Employees 34,896,955
Part-time Employees 3,221,821
Total 38,118,776
Benefits In Addition To Wages 715,075
During the previous reporting year
Average number employees in Fte 573
Actual working hours 850,765
Personnel Charges 33,867,740
Benefits In Addition To Wages 639,427
Type of Contract Full-Time Part-Time Total Fte
Unlimited Duration
Contracts 459 73 514
Limited Duration Contracts 106 - 106
|
Gender and
Education Level |
||||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Secondary education |
368 |
51 |
406 |
|
|
Higher education (non university) |
83 |
4 |
86 |
|
|
Higher education (university) |
38 |
- |
38 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Secondary education |
41 |
8 |
47 |
|
|
Higher education (non university) |
25 |
6 |
30 |
|
|
Higher education (university) |
10 |
4 |
13 |
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
||||
|
White collar worker |
208 |
21 |
225 |
|
|
Blue collar worker |
357 |
52 |
395 |
|
|
Temporary personnel |
|
Total |
|
|
|
Average number
of temporary staff |
10 |
|||
|
Actual working hours |
|
19,387 |
|
|
|
Cost of temporary staff |
|
562,324 |
|
|
|
|
|
|
|
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
84 |
- |
84 |
|
|
Leavers |
64 |
8 |
70 |
|
|
Total of formal
continuing vocational training initiatives |
||
|
for workers paid
by the employer Male Female |
Male |
Female |
|
Number of
employees |
433 |
80 |
|
Number of
training hours |
2,947 |
805 |
|
Net costs for enterprise |
60,441 |
18,306 |
|
Total of less
formal and informal continuing vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
Number of
employees |
510 |
88 |
|
Number of
training hours |
16,324 |
2,831 |
|
Net costs for enterprise |
604,088 |
99,228 |
Payment
expectations
|
Payment
expectation days |
46.88 |
|
|
Day sales
outstanding |
30.58 |
|
Industry
comparison
|
Activity
description |
· Engaged in Developing, Producing and Marketing High-Tech Weaving Machines. · Engaged in Manufacturing machinery for Textile, Apparel and Leather Production |
|
Industry average
payment expectation days |
47.87 |
|
Industry average
day sales outstanding |
81.38 |
Industry
quartile analysis
|
||
|
Payment
expectations |
|
|
|
Company result |
46.88 |
|
|
Lower |
118.15 |
|
|
Median |
71.37 |
|
|
Upper |
49.21 |
|
Day sales outstanding
Company result 30.58
Lower 59.83
Median 46.88
Upper 25.07
Group
Structure
|
Company name ARTELA NV |
Number 453029590 |
Latest
financials 31-12-2013 |
|
||
|
PICANOL NV |
405502362 |
31-12-2013 |
|
||
|
MELOTTE NV |
407155421 |
31-12-2013 |
|
||
|
GEREEDSCHAPSMAKERIJ MELOTTE IN
VEREFFENI... |
434700550 |
31-12-2007 |
|
||
|
PROFERRO NV |
438243426 |
31-12-2013 |
|
||
|
PSICONTROL NV |
437446145 |
31-12-2013 |
|
||
|
PSICONTROL MECHATRONICS SRL ASCTN SNS
BT... |
|
|
|
||
|
VERBRUGGE NV |
441554490 |
31-12-2013 |
|
||
|
BURCKLE ET CIE SOC.ETR. E.P.B. |
|
|
|
||
|
PICANOL DO BRASIL SOC.ETR. E.P.B. |
|||||
|
PT GTP BANDUNG SOC.ETR. E.P.B. |
|
||||
|
PICANOL (SUZHOU IND.PARK) TEXTILE
MACHIN... |
|
||||
|
PICANOL (SUZHOU) TRADING C0 LTD
SOC.ETR.... |
|
||||
|
PICANOL TEKSTIL MAKINALARI TIC.LTD.STI.
... |
|
||||
|
PICANOL OF AMERICA INC. SOC.ETR. E.P.B. |
|
||||
Minority
Shareholders
|
Business number |
Company name |
% |
Date of accounts |
|
461029617 |
Symphony Mills NV |
23.58 |
31/12/2013 |
|
428949935 |
Buraco NV |
5.42 |
31/12/2013 |
|
466125382 |
Pasma NV |
0.68 |
31/12/2013 |
|
466125382 |
Pasma NV |
0.68 |
31/12/2013 |
Linked
Companies
NAME NUMBER
LATEST KEY FINANCIALS TURNOVER
GÜNNE WEBMASCHINENFABRIK
GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG HRB
5406 15.11.2013 ---
BURACO NV 428949935
31.12.2013 ---
SYMPHONY MILLS NV 461029617
31.12.2013 €18.515.510
PASMA NV 466125382
31.12.2013 ----
Summons
Legal event type Social
Security Summons
Event date 12/09/2003
Court type Court name Ieper
Director
details
Current Director
Details
Name STEFAAN HASPESLAGH
Position Director
Start Date 21/04/2010
Date of birth 15/02/1958
Street 104 BRANDSTRAAT
SINT-MARTENS-LATEM
Post code 9830
Country Belgium
Name LUC TACK
Position Managing Director
Start Date 09/07/2009
Date of birth 03/09/1961
Street 43 PEPERSTRAAT
DEINZE
Post code 9800
Country Belgium
Position Director
Start Date 09/07/2009
Date of birth 03/09/1961
Street 43 PEPERSTRAAT
DEINZE
Post code 9800
Country Belgium
Name KANTOOR TORRIMMO
NV
Position Director
Start Date 20/04/2011
End Date 15/04/2015
Date of birth 06/10/1988
Street 43 OUDE
IEPERSESTRAAT IZEGEM
Post code 8870
Country Belgium
Position Legal
Representative
Start Date 20/04/2011
Date of birth 06/10/1988
Street 43 OUDE
IEPERSESTRAAT IZEGEM
Post code 8870
Country Belgium
Name MEERWAARDE,OMNIPRESENCE,SYMPATHI
BVBA
Position Legal
Representative
Start Date 16/03/2005
Date of birth 31/01/2005
Street 66 DRIELINDENBAAN
MERCHTEM
Post code 1785
Country Belgium
Name HRV NV
Position Legal
Representative
Start Date 16/03/2005
Date of birth 01/01/2004
Street FAIRYBANKHELLING
KOKSIJDE
Post code 8670
Country Belgium
Current mandates
in other companies
Name Vlaams-Chinese
Kamer van Koophandel VZW
Business number 871222920
Position Director
Start Date 28/12/2004
Business number 871222920
Position Legal
Representative
Start Date 28/12/2004
Name PsiControl NV
Business number 437446145
Position Director
Start Date 23/04/2002
Business number 438243426
Position Director
Start Date 24/04/2002
Business number 441554490
Position Legal
Representative
Start Date 17/12/2009
Name Melotte NV
Business number 407155421
Position Chairman of the
Board
Start Date 06/07/2012
Business number 407155421
Position Director
Start Date 28/05/2004
Business number 407155421
Position Legal
Representative
Start Date 17/12/2009
Former Director
Details
Name STEFAAN HASPESLAGH
Position Chairman of the
Board
Start Date 21/04/2010
End Date 16/04/2014
Date of birth 15/02/1958
Street 104 BRANDSTRAAT
SINT-MARTENS-LATEM
Post code 9830
Country Belgium
Name PASMA NV
Position Managing Director
Start Date 27/08/1999
End Date Unknown date
Date of birth 27/05/1999
Street 160 JULES
BORDETLAAN BRUSSEL
Post code 1140
Country Belgium
Position Director
Start Date 21/12/2009
End Date 18/04/2012
Date of birth 27/05/1999
Street 160 JULES
BORDETLAAN BRUSSEL
Post code 1140
Country Belgium
Position Vice Chairperson
Start Date 10/10/2004
End Date Unknown date
Date of birth 27/05/1999
Street 160 JULES
BORDETLAAN BRUSSEL
Post code 1140
Country Belgium
Name CHRISTULF BVBA
Position Managing Director
Start Date 16/03/2005
End Date Unknown date
Date of birth 01/04/2005
Street GROTESTRAAT
MAASMECHELEN
Post code 3631
Country Belgium
Position Director
Start Date 16/04/2008
End Date 20/04/2011
Date of birth 01/04/2005
Street GROTESTRAAT
MAASMECHELEN
Post code 3631
Country Belgium
Name MEERWAARDE,OMNIPRESENCE,SYMPATHI
BVBA
Position Director
Start Date 16/04/2008
End Date 18/04/2012
Date of birth 31/01/2005
Street 66 DRIELINDENBAAN
MERCHTEM
Post code 1785
Country Belgium
Name FINDAR BVBA
Position Director
Start Date 16/04/2008
End Date 09/07/2009
Date of birth 30/12/2000
Street 1190
KORTRIJKSESTEENWEG GENT
Post code 9051
Country Belgium
Position Legal
Representative
Start Date 01/01/2007
End Date Unknown date
Date of birth 30/12/2000
Street 1190 KORTRIJKSESTEENWEG
GENT
Post code 9051
Country Belgium
Name HRV NV
Position Director
Start Date 16/04/2008
End Date 18/04/2012
Date of birth 01/01/2004
Street FAIRYBANKHELLING
KOKSIJDE
Post code 8670
Country Belgium
Name PATRICK ALOIS MARIE
STEVERLYNCK
Position Director
Start Date 16/04/2008
End Date 18/04/2012
Date of birth 06/02/1947
Street 35 CANADALAAN
IEPER
Post code 8902
Country Belgium
Name YVES STEVERLYNCK
Position Director
Start Date 23/04/2003
End Date Unknown date
Street 10 KLEINE
IEPERSTRAAT ZONNEBEKE
Post code 8980
Country Belgium
Name BERLAU CVA
Position Director
Start Date 25/10/2002
End Date Unknown date
Date of birth 23/09/2002
Street 564 MEENSEWEG
IEPER
Post code 8902
Country Belgium
Name LUC AUGUSTE VAN
NEVEL
Position Director
Start Date 23/04/2003
End Date Unknown date
Date of birth 28/01/1947
Street 129 BERCHEMWEG
OUDENAARDE
Post code 9700
Country Belgium
Name JURGEN COUVREUR
Position Vice Chairperson
Start Date 09/10/2009
End Date Unknown date
Street 40 DAMWEG DAMME
Post code 8340
Country Belgium
Name TACAN EBVBA
Position Director
Start Date 16/04/2008
End Date 31/12/2011
Date of birth 27/06/2001
Street 8 NEVELSE WARANDE
SINT-MARTENS-LATEM
Post code 9830
Country Belgium
Position Legal
Representative
Start Date 16/03/2005
End Date Unknown date
Date of birth 27/06/2001
Street 8 NEVELSE WARANDE
SINT-MARTENS-LATEM
Post code 9830
Country Belgium
Name BURACO NV
Position Director
Start Date 16/04/2008
End Date 31/12/2011
Date of birth 13/06/1986
Street 151 JAN DE
TROCHSTRAAT DILBEEK
Post code 1703
Country Belgium
Name THE MARBLE BVBA
Position Chairman of the
Board
Start Date 16/04/2008
End Date 20/04/2011
Date of birth 10/05/2004
Street 131 BERCHEMWEG
OUDENAARDE
Post code 9700
Country Belgium
Position Director
Start Date 16/04/2008
End Date 20/04/2011
Date of birth 10/05/2004
Street 131 BERCHEMWEG
OUDENAARDE
Post code 9700
Country Belgium
Position Legal
Representative
Start Date 05/08/2004
End Date Unknown date
Date of birth 10/05/2004
Street 131 BERCHEMWEG
OUDENAARDE
Post code 9700
Country Belgium
Position Chairperson
Start Date 10/10/2004
End Date 20/04/2011
Date of birth 10/05/2004
Street 131 BERCHEMWEG
OUDENAARDE
Post code 9700
Country Belgium
Name L.M.C. IN
VEREFFENING NV
Position Director
Start Date 16/03/2005
End Date Unknown date
Date of birth 01/01/1990
Street 3 MEIWEG KORTRIJK
Post code 8500
Country Belgium
Position Legal
Representative
Start Date 16/03/2005
End Date Unknown date
Date of birth 01/01/1990
Street 3 MEIWEG KORTRIJK
Post code 8500
Country Belgium
Name CORPORATE ADVICE
NV
Position Director
Start Date 30/01/2002
End Date 31/12/2009
Date of birth 02/10/1999
Street 35 ZWINLAAN
KNOKKE-HEIST
Post code 8300
Country Belgium
Name PATRICK
STEVERLYNCK
Position Director
Start Date 22/05/2006
End Date Unknown date
Street 33 CANADALAAN
IEPER
Post code 8902
Country Belgium
Name CONSILIUM BVBA
Position Legal
Representative
Start Date 25/03/2005
End Date Unknown date
Date of birth 26/03/1999
Street 4 KERREBROEK
NEVELE
Post code 9850
Country Belgium
Name ALOÏS MICHIELSEN
Position Director
Start Date 23/04/2003
End Date Unknown date
Date of birth 06/01/1942
Street 5 CHEMIN DE
BAS-RANSBECK LASNE
Post code 1380
Country Belgium
Name GEVACOM NV
Position Director
Start Date 23/04/2003
End Date Unknown date
Date of birth 12/01/1994
Street 15 WIJNSBERGSTRAAT
ANZEGEM
Post code 8570
Country Belgium
Name ALEC GEVAERT
Position Director
Start Date 07/11/2001
End Date Unknown date
Street 15 WIJNSBERGSTRAAT
ANZEGEM
Post code 8570
Country Belgium
Name SUNE CARLSSON
Position Director
Start Date 23/04/2003
End Date Unknown date
Street 6 HOVAS ARKITEVLÄG
HOVAAS
Post code 43650
Country Sweden
Name WILLIAM BLOMME
Position Legal
Representative
Start Date 28/04/2004
End Date Unknown date
Name JAN COENEN
Position Chairperson
Start Date 27/10/2004
End Date 10/10/2004
Former mandates in
other companies
Name Millentex in vereffening
NV
Business number 464021967
Position Director
Start Date 25/01/2002
End Date Unknown date
Business number 473977533
Position Director
Start Date 02/06/2005
End Date Unknown date
Business number 473977533
Position Legal Representative
Start Date 19/06/2008
End Date Unknown date
Name PsiControl NV
Business number 437446145
Position Managing Director
Start Date 04/04/2009
End Date 06/04/2012
Business number 438243426
Position Managing Director
Start Date 18/12/2009
End Date 25/04/2012
Business number 441554490
Position Managing Director
Start Date 25/01/2002
End Date Unknown date
Business number 441554490
Position Director
Start Date 25/01/2002
End Date Unknown date
Business number 438243426
Position Legal
Representative
Start Date 26/04/2006
End Date Unknown date
Name Gereedschapsmakerij
Melotte in vereffening NV
Business number 434700550
Position Managing Director
Start Date 17/04/2002
End Date Unknown date
Business number 434700550
Position Director
Start Date 17/04/2002
End Date Unknown date
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.