|
Report No. : |
322956 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JOS VANNESTE NV |
|
|
|
|
Registered Office : |
Peter Pauwel Rubensstr. 3 8530 Harelbeke |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.03.1986 |
|
|
|
|
Com. Reg. No.: |
428663784 |
|
|
|
|
Legal Form : |
Public Limited Liability |
|
|
|
|
Line of Business : |
Subject is engaged in preparation and
spinning of textile fibres |
|
|
|
|
No. of Employees : |
35 |
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 government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. 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 |
428663784 |
|
Branche Unit Number |
2032934215 |
|
Company name |
JOS VANNESTE NV |
|
Address |
PETER PAUWEL RUBENSSTR. 3 |
|
|
8530 HARELBEKE |
|
Number of staff |
35 |
|
Date of establishment |
14/03/1986 |
|
Telephone number |
056712413 |
|
Fax number |
056711285 |
The business was established
over 29 years ago. The business has
38 employees.
The business has been at
the address for over 23 months. Net
Worth decreased by 23% during the
latest trading period. Pre-tax profits decreased
by 939% compared to the previous
trading period. The business saw a decrease
in their Cash Balance of 33% during
the latest trading period. Turnover in the
latest trading period increased 64% on
the previous trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
37,463,256 |
-355,066 |
1,734,152 |
121,195 |
|
30/06/2012 |
22,748,685 |
42,274 |
2,252,437 |
665,963 |
|
30/06/2011 |
30,552,686 |
229,428 |
2,252,290 |
840,484 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
10,040,901 |
35 |
700,000 |
-115,633 |
|
30/06/2012 |
10,085,514 |
42 |
700,000 |
241,037 |
|
30/06/2011 |
12,014,014 |
45 |
700,000 |
359,681 |
|
Past payments |
|
Payment expectation days |
32.56 |
|
Industry average payment |
69.07 |
Industry average day sales |
89.72 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
49.44 |
|
|
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
428663784 |
Company name |
JOS VANNESTE NV |
|
Fax number |
056711285 |
Date founded |
14/03/1986 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
13100 |
Liable for VAT |
yes |
|
Activity description |
Preparation and spinning of textile
fibres |
VAT Number |
BE.0428.663.784 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
Contractor details
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
Personnel (NSSO classification) |
|
|
Code |
- |
|
Description |
- |
|
Joint Industrial Committee (JIC) |
|
|
JIC Code |
120 |
|
Description |
Joint committee for the
textile industry and knitting |
|
category |
|
|
JIC Code |
214 |
|
Description |
JC for the employees in
the textile industry and the knitting |
|
category |
|
|
Significant Events |
|
|
Event Date |
01/12/2011 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 01-12-2011: Herbenoemd
als bestuurders tot de jaarvergadering
van 2017 : Vanninvest Nv (tevens
voorzitter van de raad van bestuur)
en Flanders Flax Holding BVBA (tevens
gedelegeerd bestuurder). |
Assets
|
Annual accounts |
31-12-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
% |
30-06-2010 |
% |
30-06-2009 |
|
Weeks |
78 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
2,220,260 |
-3.35 |
2,297,176 |
7.23 |
2,142,341 |
-11.81 |
2,429,313 |
33.52 |
1,819,449 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
2,218,346 |
-2.86 |
2,283,648 |
8.02 |
2,114,018 |
13.03 |
1,870,362 |
368 |
399,391 |
|
Land & building |
1,467,311 |
-4.82 |
1,541,541 |
-3.10 |
1,590,892 |
-3.01 |
1,640,243 |
473 |
285,920 |
|
Plant & machinery |
661,124 |
7.21 |
616,662 |
68.27 |
366,473 |
111 |
173,415 |
397 |
34,883 |
|
Furniture & Vehicles |
27,413 |
-21.66 |
34,991 |
-12.30 |
39,898 |
1534 |
2,442 |
-80.96 |
12,824 |
|
Leasing & Other
Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
62,498 |
-30.91 |
90,454 |
-22.53 |
116,755 |
115 |
54,262 |
-17.49 |
65,763 |
|
Financial fixed assets |
1,914 |
-85.85 |
13,528 |
-52.24 |
28,322 |
-94.93 |
558,951 |
-60.64 |
1,420,058 |
|
Total current assets |
7,820,641 |
0.41 |
7,788,338 |
-21.10 |
9,871,673 |
19.52 |
8,259,216 |
3.65 |
7,968,016 |
|
Inventories |
2,201,096 |
-31.75 |
3,225,069 |
-0.24 |
3,232,856 |
26.12 |
2,563,225 |
8.70 |
2,358,101 |
|
Raw materials &
consumables |
555,468 |
-1.60 |
564,476 |
-26.54 |
768,393 |
127 |
337,476 |
9.90 |
307,074 |
|
Work in progress |
163,506 |
-35.44 |
253,280 |
-4.32 |
264,717 |
16.47 |
227,278 |
19.88 |
189,591 |
|
Finished goods |
1,482,122 |
-38.18 |
2,397,429 |
8.99 |
2,199,747 |
57.31 |
1,398,324 |
-21.25 |
1,775,644 |
|
Other stocks |
0 |
-100 |
9,885 |
- |
0 |
-100 |
600,147 |
599 |
85,792 |
|
Trade debtors |
5,074,841 |
18.43 |
4,284,935 |
-31.68 |
6,272,266 |
28.06 |
4,897,996 |
31.10 |
3,735,993 |
|
Other amounts receivable |
423,873 |
338 |
96,579 |
-63.57 |
265,097 |
-23.51 |
346,593 |
22.78 |
282,295 |
|
Cash |
104,398 |
-33.61 |
157,260 |
126 |
69,283 |
-83.58 |
421,949 |
-72.90 |
1,557,227 |
|
Miscellaneous current
assets |
16,434 |
-32.91 |
24,495 |
-23.86 |
32,170 |
9.23 |
29,453 |
-14.38 |
34,399 |
|
Total Assets |
10,040,901 |
-0.44 |
10,085,514 |
-16.05 |
12,014,014 |
12.40 |
10,688,529 |
9.21 |
9,787,465 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
1,734,152 |
-23.01 |
2,252,437 |
0.01 |
2,252,290 |
-1.29 |
2,281,645 |
74.34 |
1,308,719 |
|
Issued share capital |
700,000 |
0 |
700,000 |
0 |
700,000 |
0 |
700,000 |
0 |
700,000 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
1,248,889 |
-3.97 |
1,300,579 |
-2.57 |
1,334,944 |
-2.51 |
1,369,310 |
- |
- |
|
Reserves |
-214,737 |
-185 |
251,858 |
15.88 |
217,346 |
2.36 |
212,335 |
-65.12 |
608,719 |
|
Provisions for
Liabilities & Charges |
0 |
-100 |
257 |
-92.15 |
3,277 |
-45.77 |
6,044 |
-32.43 |
8,944 |
|
Deffered taxes |
1,002 |
-74.56 |
3,937 |
-36.85 |
6,234 |
-26.93 |
8,531 |
-21.21 |
10,828 |
|
Creditors |
8,305,748 |
6.09 |
7,828,883 |
-19.72 |
9,752,212 |
16.20 |
8,392,310 |
-0.79 |
8,458,973 |
|
Other long term
loans |
406,301 |
-19.78 |
506,509 |
-2.79 |
521,023 |
2.05 |
510,542 |
0.13 |
509,900 |
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term
liabilities |
200,000 |
0 |
200,000 |
0 |
200,000 |
0 |
200,000 |
0 |
200,000 |
|
Total long term
debts |
607,303 |
-14.55 |
710,703 |
-2.71 |
730,534 |
0.75 |
725,117 |
-0.62 |
729,672 |
|
Current portion of
long term debt |
214,435 |
9.36 |
196,080 |
11.29 |
176,187 |
13.94 |
154,636 |
37.09 |
112,802 |
|
Financial debts |
2,758,564 |
222 |
856,418 |
0.00 |
856,404 |
-54.68 |
1,889,685 |
-27.87 |
2,620,000 |
|
Trade creditors |
3,308,839 |
-39.79 |
5,495,488 |
-23.62 |
7,194,671 |
45.98 |
4,928,622 |
28.62 |
3,831,970 |
|
Amounts Payable for
Taxes, |
251,953 |
-11.30 |
284,042 |
-8.31 |
309,775 |
34.65 |
230,051 |
-9.29 |
253,621 |
|
Remuneration &
Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current
liabilities |
1,165,655 |
301 |
290,347 |
-41.24 |
494,152 |
3.21 |
478,773 |
-48.56 |
930,680 |
|
Total current liabilities |
7,699,446 |
8.10 |
7,122,374 |
-21.14 |
9,031,189 |
17.57 |
7,681,768 |
-0.87 |
7,749,073 |
|
Total Liabilities |
10,040,901 |
-0.44 |
10,085,514 |
-16.05 |
12,014,014 |
12.40 |
10,688,529 |
9.21 |
9,787,465 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
-0.95 |
-600 |
0.19 |
-74.67 |
0.75 |
-83.87 |
4.65 |
715 |
0.57 |
|
Return on capital
employed |
-15.16 |
-1160 |
1.43 |
-81.40 |
7.69 |
-75.96 |
31.99 |
642 |
4.31 |
|
Return on total
assets employed |
-3.54 |
-942 |
0.42 |
-78.01 |
1.91 |
-78.78 |
9.00 |
900 |
0.90 |
|
Return on net
assets employed |
-20.47 |
-1188 |
1.88 |
-81.55 |
10.19 |
-75.83 |
42.16 |
528 |
6.71 |
|
Sales / net
working capital |
309.12 |
804 |
34.16 |
-6.02 |
36.35 |
1.39 |
35.85 |
-49.44 |
70.90 |
|
Stock turnover ratio |
5.88 |
-58.53 |
14.18 |
34.03 |
10.58 |
-14.54 |
12.38 |
-18.50 |
15.19 |
|
Creditor days |
32.56 |
-63.62 |
89.51 |
0.45 |
89.11 |
-4.31 |
93.12 |
0.52 |
92.64 |
|
Debtor days |
49.44 |
-28.09 |
68.75 |
-8.25 |
74.93 |
-13.25 |
86.37 |
-1.68 |
87.85 |
SHORT
TERM STABILITY
|
Current
ratio |
1.02 |
-6.42 |
1.09 |
0 |
1.09 |
0.93 |
1.08 |
4.85 |
1.03 |
|
Liquidity ratio /
acid ratio |
0.73 |
14.06 |
0.64 |
-13.51 |
0.74 |
0 |
0.74 |
2.78 |
0.72 |
|
||||
|
Current debt ratio |
4.44 |
40.51 |
3.16 |
-21.20 |
4.01 |
18.99 |
3.37 |
-43.07 |
5.92 |
|||||
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|||||
|
Cashflow |
-115,633 |
-147 |
241,037 |
-32.99 |
359,681 |
388 |
-92,626 |
-144 |
208,256 |
|||||
|
Net worth |
1,734,152 |
-23.01 |
2,252,437 |
0.01 |
2,252,290 |
-1.29 |
2,281,645 |
74.34 |
1,308,719 |
|||||
|
LONG TERM STABILITY |
||||||||||||||
|
Gearing |
194.87 |
181 |
69.21 |
0.33 |
68.98 |
-38.39 |
111.97 |
-54.81 |
247.78 |
|||||
|
Equity in percentage |
17.27 |
-22.66 |
22.33 |
19.09 |
18.75 |
-12.18 |
21.35 |
59.69 |
13.37 |
|||||
|
Total debt ratio |
4.79 |
37.64 |
3.48 |
-19.63 |
4.33 |
17.66 |
3.68 |
-43.21 |
6.48 |
|||||
|
Working capital |
121,195 |
-81.80 |
665,963 |
-20.76 |
840,484 |
45.55 |
577,448 |
163 |
218,942 |
|||||
|
Profit & loss |
||||||||||||||
|
Operating Income |
36,726,106 |
58.86 |
23,118,021 |
-26.64 |
31,513,448 |
54.33 |
20,419,511 |
38.00 |
14,796,429 |
|||||
|
Turnover |
37,463,256 |
64.68 |
22,748,685 |
-25.54 |
30,552,686 |
47.60 |
20,699,581 |
33.35 |
15,523,221 |
|||||
|
Total operating expenses |
37,087,808 |
65.50 |
22,408,941 |
-23.96 |
29,468,938 |
52.54 |
19,319,220 |
27.96 |
15,097,541 |
|||||
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|||||
|
Operating Charges |
36,350,659 |
59.58 |
22,778,277 |
-25.14 |
30,429,700 |
59.83 |
19,039,150 |
32.49 |
14,370,749 |
|||||
|
Employee costs |
2,818,458 |
45.48 |
1,937,372 |
-5.01 |
2,039,462 |
13.29 |
1,800,156 |
-4.57 |
1,886,437 |
|||||
|
Wages and salary |
1,897,214 |
49.19 |
1,271,680 |
-3.18 |
1,313,390 |
10.86 |
1,184,767 |
-4.17 |
1,236,342 |
|||||
|
Employee pension costs |
514 |
-83.14 |
3,050 |
2.96 |
2,963 |
2.13 |
2,901 |
200 |
967 |
|||||
|
Social security
contributions |
718,668 |
36.96 |
524,729 |
-3.52 |
543,894 |
14.34 |
475,664 |
-8.73 |
521,148 |
|||||
|
Other employee costs |
202,062 |
46.52 |
137,912 |
-23.05 |
179,216 |
30.98 |
136,824 |
6.91 |
127,980 |
|||||
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|||||
|
Amortization and
depreciation |
402,652 |
67.15 |
240,891 |
27.43 |
189,035 |
87.61 |
100,758 |
2.67 |
98,136 |
|||||
|
Operating result |
375,448 |
10.51 |
339,744 |
-68.65 |
1,083,748 |
-21.49 |
1,380,361 |
224 |
425,680 |
|||||
|
Total financial income |
24,097 |
-91.68 |
289,460 |
3804 |
7,413 |
-91.41 |
86,270 |
-42.38 |
149,729 |
|||||
|
Total financial expenses |
754,610 |
28.57 |
586,930 |
-31.89 |
861,732 |
70.72 |
504,774 |
3.51 |
487,653 |
|||||
|
Results on ordinary operations |
-355,066 |
-939 |
42,274 |
-81.57 |
229,428 |
-76.15 |
961,857 |
996 |
87,755 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
5,446 |
1238 |
407 |
- |
- |
|
Extraordinary Charges |
154,515 |
- |
- |
- |
40,822 |
-96.41 |
1,137,815 |
- |
- |
|
Extraordinary items |
-154,515 |
- |
0 |
0 |
-35,375 |
3.11 |
-1,137,408 |
- |
0 |
|
Results for the Year
Before |
-509,581 |
-1305 |
42,274 |
-78.22 |
194,053 |
110 |
-175,551 |
-300 |
87,755 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
11,640 |
-73.80 |
44,425 |
72.83 |
25,704 |
27.69 |
20,130 |
- |
- |
|
Results on ordinary operations
after taxation |
-366,706 |
-16950 |
-2,151 |
-101 |
203,724 |
-78.37 |
941,727 |
973 |
87,755 |
|
Net result |
-518,285 |
-354143 |
146 |
-99 |
170,645 |
88.24 |
-193,384 |
-275 |
110,120 |
|
Profit (Loss) for the
Year to be appropiated |
-512,586 |
-11230 |
4,605 |
-97.37 |
175,104 |
92.68 |
-188,925 |
-223 |
153,535 |
|
Dividends |
- |
- |
- |
- |
75,000 |
-3.85 |
78,000 |
160 |
30,000 |
|
Social Balance Sheet Details |
|
|
|
|
Social Balance Sheet |
|
Total |
|
|
During the reporting year |
|
|
|
|
ended 31-12-2013 |
|
|
|
|
Full-time Employees |
|
33 |
|
|
Part-time Employees |
|
9 |
|
|
Total Fte Employees |
|
40 |
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
|
73,922 |
|
|
Part-time Employees |
|
13,076 |
|
|
Total |
|
86,998 |
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
2,370,975 |
|
|
Part-time Employees |
|
446,969 |
|
|
Total |
|
2,817,944 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
During the previous reporting year |
|
|
|
|
Average number employees in Fte |
|
44 |
|
|
Actual working hours |
|
63,427 |
|
|
Personnel Charges |
|
1,934,322 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
30 |
8 |
36 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
Gender and Education Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
24 |
1 |
25 |
|
Secondairy education |
2 |
1 |
3 |
|
Higher education (non |
- |
- |
- |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
4 |
5 |
8 |
|
Secondairy education |
- |
1 |
1 |
|
Higher education (non |
- |
- |
- |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
6 |
4 |
9 |
|
Blue collar worker |
24 |
4 |
27 |
|
Other |
- |
- |
- |
|
Temporary personnel |
|
Total |
|
|
Average number of temporary staff |
|
- |
|
|
Actual working hours |
|
- |
|
|
Cost of temporary staff |
|
- |
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
1 |
1 |
2 |
|
Leavers |
5 |
5 |
8 |
|
Total of formal continuing vocational
training initiatives |
|
|
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
1 |
- |
|
Number of training hours |
4 |
- |
|
Net costs for enterprise |
228 |
- |
|
Total of less formal and informal
continuing vocational |
|
|
|
training initiatives for workers paid
by the employer |
Male |
Female |
|
Number of employees |
16 |
- |
|
Number of training hours |
1,183 |
- |
|
Net costs for enterprise |
39,723 |
- |
|
Total of initial training initiatives
at the expense of the |
|
|
|
employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Industry comparison |
|
|
|
Activity code |
13100 |
|
|
Activity description |
Preparation and spinning of textile
fibres |
|
|
industry average credit |
72.94 |
|
|
rating |
|
|
|
Industry average credit limit |
143322.99 |
|
|
Payment Information |
|
|
|
Payment Information Summary |
|
|
Total number of Invoices available |
5 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
5 |
|
Total number of Invoices paid more
than 30 days after the due date |
0 |
|
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 |
32.56 |
|
Day sales outstanding |
49.44 |
|
Industry comparison |
|
|
Activity code |
13100 |
|
Activity description |
Preparation and spinning of textile
fibres |
|
Industry average payment |
69.07 |
|
expectation days |
|
|
Industry average day sales |
89.72 |
|
outstanding |
|
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
32.56 |
|
Lower |
112.18 |
|
Median |
62.80 |
|
Upper |
40.47 |
Day sales outstanding
|
Company result |
49.44 |
|
Lower |
79.06 |
|
Median |
48.54 |
|
Upper |
24.87 |
|
Summary |
|
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group
Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
Companies
that match this address
no Companies Match this address
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
there is no data for this company
there is no data for this company
there is no data for this company
Current director details
|
Name |
VANNINVEST NV |
|
Position |
Chairman of the Board |
|
Start Date |
13/03/2012 |
|
Date of birth |
27/08/1991 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
18/06/2008 |
|
Date of birth |
27/08/1991 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
|
Position |
Legal Representative |
|
Start Date |
18/06/2008 |
|
Date of birth |
27/08/1991 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
|
Name |
FLANDERS FLAX HOLDING BVBA |
|
Position |
Managing Director |
|
Start Date |
09/07/2007 |
|
Date of birth |
05/10/2006 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
13/03/2012 |
|
Date of birth |
05/10/2006 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
|
Position |
Legal Representative |
|
Start Date |
22/12/2006 |
|
Date of birth |
05/10/2006 |
|
Street |
3 PETER PAUWEL RUBENSSTRAAT HARELBEKE |
|
Post code |
8530 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
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.