MIRA INFORM REPORT

 

 

Report No. :

326245

Report Date :

10.06.2015

 

IDENTIFICATION DETAILS

 

Name :

PENTAIR  THERMAL  MANAGEMENT  BELGIUM  NV

 

 

Registered Office :

Romeinse  Straat  14, 3001 Leuven

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

11.12.2001

 

 

Com. Reg. No.:

476282965

 

 

Legal Form :

Public  Limited  Liability

 

 

Line of Business :

Subject is manufacture  of  instruments  and  appliances  for  measuring,  testing  and  navigation

 

 

No. of Employee :

126

 

 

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 – 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 name

 

PENTAIR  THERMAL  MANAGEMENT  BELGIUM  NV 

 

 

Company  summary

 

Business  number

476282965

Branche  Unit  Number

2095475162

Company  name

PENTAIR  THERMAL  MANAGEMENT  BELGIUM  NV

Address

ROMEINSE  STRAAT  14

 

3001 LEUVEN

Number  of  staff

126

Date  of  establishment

11/12/2001

Telephone  number

016213511

Fax  number

016213603

 

 

Ultimate  holding  company

 

 

Company  name

Company  Number

TYCO  INTERNATIONAL  HOLDING  SARL

-

 

 

Commentary

 

The  business  was  established  over  13  years  ago. The  business  has  100  employees.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  7  years. Operating  Result  in  the  latest  trading  period  decreased  41%  on  the  previous  trading  period. Pre-tax  profits  decreased  by  38%  compared  to  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

126,540,273

5,634,452

28,223,570

18,802,443

30/09/2012

126,734,834

9,147,170

24,299,772

14,412,432

30/09/2011

99,178,001

3,984,644

28,055,100

17,803,968

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

75,249,878

126

3,000,000

4,523,732

30/09/2012

64,882,960

121

3,000,000

6,839,499

30/09/2011

79,820,519

116

3,000,000

3,452,755

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

35.40

Industry  average  payment

98.47

Industry  average  day  sales

124.10

expectation  days

 

outstanding

 

Day  sales  outstanding

49.65

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

476282965

Company  name

PENTAIR  THERMAL

 

 

 

MANAGEMENT  BELGIUM

 

 

 

NV

Fax  number

016213603

Date  founded

11/12/2001

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

26510

Liable  for  VAT

yes

Activity  description

Manufacture  of  instruments

VAT  Number

BE.0476.282.965  Check  VAT

 

and  appliances  for

measuring,  testing  and navigation

 

number

Belgian  Bullettin  of  Acts

Publications

moniteur  belge

 

 

 

 

Contractor  details

 

Registered  contractor

042701

number

 

Contractor  description

Special  facilities

Date  struck  off  register

23/01/2014  00:00:00

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

JIC  Code

111

Description

JC  for  the  metal,  machinery  and  electrical  construction

category

 

JIC  Code

218

Description

Additional  national  joint  committee  for  the  employees

category

 

Significant  Events

 

Event  Date

29/03/2013

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  01-03-2013:  Herbenoemd  als  bestuurder  tot  de  gewone  algemene  vergadering  2018  :

 

Olin  Christian.

 

 

Company  accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2013

%

30-09-2012

%

30-09-2011

%

30-09-2010

%

30-09-2009

Weeks

65

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

9,421,127

-4.72

9,887,340

-3.63

10,260,180

-2.02

10,471,428

-2.05

10,690,549

Intangible  fixed  assets

0

-

0

-100

548

-91.57

6,500

-67.09

19,751

Tangible  fixed  assets

9,206,428

-4.14

9,603,638

-3.41

9,942,437

-2.23

10,168,977

-2.05

10,382,187

Land  &  building

7,703,202

-2.92

7,934,993

-2.84

8,167,020

-1.37

8,280,707

-2.23

8,469,180

Plant  &  machinery

1,230,471

-8.75

1,348,481

-5.00

1,419,506

-4.04

1,479,231

1.89

1,451,795

Furniture  &  Vehicles

272,756

-14.81

320,164

-10.04

355,910

-12.99

409,039

-11.31

461,212

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

214,698

-24.32

283,701

-10.56

317,195

7.18

295,950

2.54

288,612

Total  current  assets

65,828,752

19.70

54,995,620

-20.94

69,560,339

-7.42

75,133,558

-9.21

82,753,085

Inventories

45,948,547

40.49

32,706,548

19.42

27,388,965

-11.71

31,022,180

-19.01

38,304,818

Raw  materials  &  consumables

564,360

-17.45

683,619

-4.85

718,487

35.53

530,124

-30.49

762,696

Work  in  progress

31,035,534

83.64

16,900,032

31.88

12,814,504

-35.02

19,719,484

-23.90

25,911,904

Finished  goods

11,621,963

20.47

9,647,169

-0.41

9,687,230

16.49

8,315,974

-8.36

9,074,222

Other  stocks

2,726,691

-50.20

5,475,728

31.35

4,168,744

69.70

2,456,598

-3.89

2,555,997

Trade  debtors

17,213,490

-15.70

20,418,422

34.81

15,145,923

11.68

13,561,863

-13.68

15,711,533

Other  amounts  receivable

1,115,335

450

202,550

-99

24,111,505

-17.24

29,136,008

18.08

24,673,799

Cash

1,304,918

-10.55

1,458,799

-46.67

2,735,514

104

1,336,067

-65.55

3,878,730

Miscellaneous  current  assets

243,923

17.97

206,763

17.55

175,894

134

74,902

-58.63

181,047

Total  Assets

75,249,878

15.98

64,882,960

-18.71

79,820,519

-6.76

85,604,986

-8.39

93,443,634

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

28,223,570

16.15

24,299,772

-13.39

28,055,648

11.43

25,176,973

11.98

22,484,333

Issued  share  capital

3,000,000

0

3,000,000

0

3,000,000

0

3,000,000

0

3,000,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

25,223,570

18.42

21,299,772

-14.99

25,055,648

12.98

22,176,973

13.82

19,484,333

Provisions  for  Liabilities  &

0

-

0

-100

8,500

-48.48

16,500

-43.97

29,450

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

47,026,308

15.88

40,583,188

-21.59

51,756,371

-14.33

60,411,513

-14.83

70,929,851

Other  long  term  loans

-

-

-

-

-

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-100

8,500

-48.48

16,500

-43.97

29,450

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

3,626,349

-

-

-

-

-

-

-

-

Trade  creditors

11,696,542

-32.62

17,358,804

21.03

14,342,188

6.71

13,440,845

2.28

13,141,065

Amounts  Payable  for  Taxes,

2,394,847

-53.73

5,176,218

36.75

3,785,281

25.68

3,011,956

-7.22

3,246,419

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

29,308,571

62.39

18,048,166

-46.33

33,628,902

-23.50

43,958,711

-19.40

54,542,367

Total  current  liabilities

47,026,308

15.88

40,583,188

-21.59

51,756,371

-14.33

60,411,513

-14.83

70,929,851

Total  Liabilities

75,249,878

15.98

64,882,960

-18.71

79,820,519

-6.76

85,604,986

-8.39

93,443,634

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

4.45

-38.37

7.22

79.60

4.02

-5.85

4.27

-27.26

5.87

Return  on  capital  employed

19.96

-46.97

37.64

165

14.20

-1.73

14.45

-47.36

27.45

Return  on  total  assets  employed

7.49

-46.88

14.10

182

4.99

17.41

4.25

-35.70

6.61

Return  on  net  assets  employed

19.96

-46.97

37.64

165

14.20

-1.80

14.46

-47.40

27.49

Sales  /  net  working  capital

6.73

-23.44

8.79

57.81

5.57

-3.97

5.80

-34.83

8.90

Stock  turnover  ratio

36.31

40.68

25.81

-6.55

27.62

-24.04

36.36

-0.08

36.39

Creditor  days

35.40

-34.87

54.35

-0.91

54.85

-9.14

60.37

23.53

48.87

Debtor  days

49.65

-15.58

58.81

5.51

55.74

-3.91

58.01

6.48

54.48

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.40

2.94

1.36

1.49

1.34

8.06

1.24

5.98

1.17

Liquidity  ratio  /  acid  ratio

0.42

-23.64

0.55

-32.10

0.81

10.96

0.73

15.87

0.63

Current  debt  ratio

1.67

0

1.67

-9.24

1.84

-23.33

2.40

-23.81

3.15

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

4,523,732

-33.86

6,839,499

98.09

3,452,755

4.91

3,291,256

-30.26

4,719,634

Net  worth

28,223,570

16.15

24,299,772

-13.39

28,055,100

11.46

25,170,472

12.05

22,464,582

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

12.85

-

-

-

-

-

-

-

-

Equity  in  percentage

37.51

0.16

37.45

6.54

35.15

19.52

29.41

22.19

24.07

Total  debt  ratio

1.67

0

1.67

-9.73

1.85

-22.92

2.40

-24.05

3.16

Working  capital

18,802,443

30.46

14,412,432

-19.05

17,803,968

20.93

14,722,045

24.52

11,823,233

 

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

Operating  Income

141,847,502

7.00

132,564,659

23.46

107,372,537

16.28

92,342,909

5.91

87,190,667

Turnover

126,540,273

-0.15

126,734,834

27.79

99,178,001

16.23

85,331,027

-18.93

105,261,145

Total  operating  expenses

120,613,982

3.47

116,567,268

22.14

95,433,933

17.43

81,267,989

-17.19

98,142,790

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

135,921,211

11.05

122,397,093

18.11

103,628,469

17.39

88,279,872

10.25

80,072,312

Employee  costs

16,366,782

32.35

12,366,077

2.06

12,116,427

11.69

10,848,552

5.49

10,283,876

Wages  and  salary

11,586,833

31.99

8,778,809

4.27

8,419,374

12.93

7,455,494

4.74

7,118,201

Employee  pension  costs

469,267

30.91

358,474

-0.27

359,430

1.99

352,414

7.83

326,814

Social  security  contributions

3,523,702

43.86

2,449,315

17.18

2,090,160

-7.67

2,263,806

9.15

2,074,041

Other  employee  costs

786,980

0.96

779,479

-37.51

1,247,463

60.58

776,839

1.57

764,820

Director  remuneration

2,010,595

103

989,739

-19.65

1,231,728

126

545,005

22.82

443,744

Amortization  and

599,934

0.77

595,376

3.71

574,079

-4.10

598,616

10.13

543,550

depreciation

 

 

 

 

 

 

 

 

 

Operating  result

5,926,291

-41.71

10,167,565

171

3,744,068

-7.85

4,063,038

-42.92

7,118,356

Total  financial  income

1,579,246

-29.67

2,245,323

76.25

1,273,956

-48.40

2,468,771

8.05

2,284,876

Total  financial  expenses

1,871,085

-42.71

3,265,719

216

1,033,380

-64.25

2,890,228

-10.33

3,223,318

Results  on  ordinary

5,634,452

-38.40

9,147,170

129

3,984,644

9.42

3,641,580

-41.07

6,179,913

operations  before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

85,351

-

-

-

-

Extraordinary  Charges

32,060

-

-

-

-

-

-

-

11,611

Extraordinary  items

-32,060

-

0

-100

85,351

-

0

0

-11,611

Results  for  the  Year  Before

Taxation

5,602,392

-38.75

9,147,170

124

4,069,995

11.76

3,641,580

-40.96

6,168,302

Other appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,678,594

-42.18

2,903,046

143

1,191,320

25.54

948,941

-52.37

1,992,218

Results  on  ordinary

3,955,858

-36.65

6,244,124

123

2,793,325

3.74

2,692,640

-35.70

4,187,695

operations  after  taxation

 

 

 

 

 

 

 

 

 

Net  result

3,923,798

-37.16

6,244,124

116

2,878,676

6.91

2,692,640

-35.52

4,176,084

Profit  (Loss)  for  the  Year  to

be  appropiated

3,923,798

-37.16

6,244,124

116

2,878,676

6.91

2,692,640

-35.52

4,176,084

Dividends

-

-

10,000,000

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

 

 

 

 

Social  Balance  Sheet

 

Total

 

 

 

 

 

During  the  reporting  year

 

 

 

 

 

 

 

ended  31-12-2013

 

 

 

 

 

 

 

Full-time  Employees

 

105

 

 

 

 

 

Part-time  Employees

 

28

 

 

 

 

 

Total  Fte  Employees

 

126

 

 

 

 

 

Number  of  hours  worked

 

 

 

 

 

 

 

Full-time  Employees

 

213,667

 

 

 

 

 

Part-time  Employees

 

40,046

 

 

 

 

 

Total

 

253,713

 

 

 

 

 

Personnel  Charges

 

 

 

 

 

 

 

Full-time  Employees

 

13,846,765

 

 

 

 

 

Part-time  Employees

 

2,050,750

 

 

 

 

 

Total

 

15,897,515

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

140,520

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

 

 

 

 

Average  number  employees  in  Fte

 

119

 

 

 

 

 

Actual  working  hours

 

189,821

 

 

 

 

 

Personnel  Charges

 

12,007,603

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

 

 

 

 

Unlimited  Duration

104

28

126

 

 

 

 

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

4

1

5

 

 

 

 

Higher  education  (non

53

2

55

 

 

 

 

university)

 

 

 

 

 

 

 

Higher  education

25

1

26

 

 

 

 

(university)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

 

 

 

 

Primary  education

-

-

-

 

 

 

 

Secondairy  education

3

5

7

 

 

 

 

Higher  education  (non

17

16

30

 

 

 

 

university)

 

 

 

 

 

 

 

Higher  education

2

3

4

 

 

 

 

(university)

 

 

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

 

 

 

 

Management

-

-

-

 

 

 

 

White  collar  worker

91

23

110

 

 

 

 

Blue  collar  worker

13

5

16

 

 

 

 

Other

-

-

-

 

 

 

 

Temporary  personnel

 

Total

 

 

 

 

 

Average  number  of  temporary  staff

 

26

 

 

 

 

 

Actual  working  hours

 

47,946

 

 

 

 

 

Cost  of  temporary  staff

 

2,196,973

 

 

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

 

 

 

 

New  Starters

28

1

29

 

 

 

 

Leavers

24

2

25

 

 

 

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

3

3

Number  of  training  hours

163

74

Net  costs  for  enterprise

3,588

1,436

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

78

47

Number  of  training  hours

700

287

Net  costs  for  enterprise

17,500

7,175

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

8

8

Number  of  training  hours

12

10

Net  costs  for  enterprise

300

250

 

 

Industry  comparison

 

Activity  code

26510

Activity  description

Manufacture  of  instruments  and  appliances  for  measuring,  testing  and  navigation

industry  average  credit  rating

62.49

Industry  average  credit  limit

440847.72

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

77

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

54

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

17

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

6

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

35.40

Day  sales  outstanding

49.65

Industry  comparison

 

Activity  code

26510

Activity  description

Manufacture  of  instruments  and  appliances  for  measuring,  testing  and  navigation

Industry  average  payment

98.47

expectation  days

 

Industry  average  day  sales

124.10

outstanding

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

35.40

Lower

116.05

Median

80.60

Upper

53.17

 

 

Day  sales  outstanding

 

Company  result

49.65

Lower

83.14

Median

49.32

Upper

30.78

 

 

Shareholder  Details

 

 

 

 

Summary

 

 

 

 

 

 

 

Group  -  Number  of  Companies

 

6

 

 

 

 

 

Linkages  -  Number  of  Companies

 

0

 

 

 

 

 

Number  of  Countries

 

0

 

 

 

 

 

 

Group  Structure

 

 

 

 

 

 

Company  name

Number

Latest

 

 

 

 

 

financials

 

 

 

- TYCO  INTERNATIONAL  HOLDING  SARL

 

 

 

 

 

- - PENTAIR  THERMAL  MANAGEMENT  BELGIUM  NV

476282965

31-12-2013

 

 

 

- - - TYCO  THERMAL  CONTROLS  ROMANIA

 

 

 

 

 

- - TYCO  FIRE  AND  INTEGRATED  SOLUTIONS  NV

451580035

30-09-2014

 

 

 

- - - CIPE  BELGIUM  NV

444028386

30-09-2014

 

 

 

- - - - TELEBEL  SA

447624118

 

 

 

 

Minority  Shareholders

 

 

 

 

 

Business

Company  name

%

 

 

number

 

 

 

 

-

TYCO  INTERNATIONAL  FINANCE SA

0.01

 

 

 

Minority  Interests

 

No  minority  interests  found

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

6

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

 

there  is  no  data  for  this  company

 

Director  details

 

Current  director  details

 

Name

GERT  VAN  DEN  VONDER

Position

Managing  Director

Start  Date

07/03/2011

Date  of  birth

12/12/1969

Street

38 OEVELSEWEG  OLEN

Post  code

2250

Country

Belgium

Position

Director

Start  Date

07/03/2011

Date  of  birth

12/12/1969

Street

38 OEVELSEWEG  OLEN

Post  code

2250

Country

Belgium

Name

ALOK  MASKARA

Position

Director

Start  Date

22/11/2013

End  Date

15/04/2019

Street

 

Post  code

 

Country

United  States

 

 

Former  director  details

 

Name

CHRISTIAN  MATS  OLIN

Position

Director

Start  Date

01/03/2010

End  Date

08/10/2014

Street

14 CLOS  DE  DIFFERDANGE  WATERLOO

Post  code

1410

Country

Belgium

Name

CHRISTIAN  VERMEULEN

Position

Director

Start  Date

06/03/2006

End  Date

11/08/2014

Street

11 PAUL-EMILE  LESSIRESTRAAT  BRUSSEL

Post  code

1160

Country

Belgium

Name

SYLVAIN  LEMMENS

Position

Managing  Director

Start  Date

25/12/2001

End  Date

07/03/2011

Street

16 ABELENDREEF  BRUGGE

Post  code

8200

Country

Belgium

Position

Director

Start  Date

23/04/2012

End  Date

Unknown  date

Street

16 ABELENDREEF  BRUGGE

Post  code

8200

Country

Belgium

Name

DOMINIEK  THEYSMANS

Position

Director

Start  Date

10/12/2001

End  Date

Unknown  date

Street

49 KLOOSTERSTRAAT  HOEGAARDEN

Post  code

3320

Country

Belgium

Name

JOHANNES  HUBERTUS  KANSEN

Position

Director

Start  Date

25/12/2001

End  Date

Unknown  date

Street

3 LOEVESTEIN  ALPHEN  AAN  DEN  RIJN

Post  code

2403FC

Country

The  Netherlands

Name

MATS  OLIN

Position

Director

Start  Date

01/03/2010

End  Date

08/10/2014

Street

 

Post  code

 

Country

 

Name

FABIO  DE  CLERCQ

Position

Commissioner

Start  Date

03/03/2008

End  Date

Unknown  date

Street

Post  code Country

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.94

UK Pound

1

Rs.98.27

Euro

1

Rs.72.37

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.