MIRA INFORM REPORT

 

 

Report No. :

348653

Report Date :

14.11.2015

 

IDENTIFICATION DETAILS

 

Name :

HRD ANTWERP NV

 

 

Registered Office :

Hoveniersstraat  22 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

22.12.2006

 

 

Com. Reg. No.:

885938315

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Other  technical  tests

 

Note:

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees :

132

 

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

BELGIUM - ECONOMIC OVERVIEW

 

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the 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 a 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

885938315

Branche  Unit  Number

2158782510

Company  name

HRD  ANTWERP  NV

Address

HOVENIERSSTRAAT  22

 

2018 ANTWERPEN

Number  of  staff

132

Date  of  establishment

22/12/2006

Telephone  number

032220611

Fax  number

032275729

 

 

Ultimate  holding  company

 

Company  name

Company  Number

ANTWERP  WORLD  DIAMOND  CENTRE

885969987

 

 

Commentary

 

The  business  was  established  over  8  years  ago.

The  business  has  132  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business.

The  business  has  been  at  the  address  for  over  8  years.

Net  Worth  increased  by  52%  during  the  latest  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  65%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

15,180,034

548,840

2,980,517

2,235,534

31/12/2013

13,804,087

-1,865,639

1,950,329

1,903,307

31/12/2012

15,482,084

-451,587

6,285,182

2,839,726

 

 

 

 

 

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

11,701,295

132

11,400,000

1,715,756

31/12/2013

10,498,525

133

11,400,000

-3,312,766

31/12/2012

11,663,201

160

11,400,000

423,248

 

 

Trends

 

Profitability

Liquidity

Net  worth

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

41.24

Industry  average  payment

48.50

Industry  average  day  sales

81.57

expectation  days

 

outstanding

 

Day  sales  outstanding

37.79

 

 

 

 

Court data summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

 

PROTESTED  BILLS

Bill  amount

-

 

NSSO  DETAILS

Date  of  summons

27/02/2012

 

 

Company  information

 

Business  number

885938315

Company  name

HRD  ANTWERP  NV

Fax  number

032275729

Date  founded

22/12/2006

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

71209

Liable  for  VAT

yes

Activity  description

Other  technical  tests

VAT  Number number

 

BE.0885.938.315  Check  VAT

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

226

Description

JC  employees  international  trade,  transport  &  related  activities

category

 

 

 

JIC  Code

324

Description

Joint  committee  for  the  industry  and  the  trade  in  diamant

category

 

 

 

Significant  Events

 

Event  Date

25/06/2014

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  11-07-2014:  Het  mandaat  van  Koen  Smets  wordt  vernieuwd  voor  een  duurtijd  van  4

 

jaar.

 

Event  Date

22/12/2006

Event  Description

Legal  creation

Event  Details

 

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

5,407,352

-5.19

5,703,119

-6.84

6,121,855

-4.84

6,432,943

-7.31

6,940,361

Intangible  fixed  assets

325,744

-8.44

355,760

261

98,408

-3.35

101,814

-54.94

225,968

Tangible  fixed  assets

4,967,600

-5.06

5,232,316

-8.44

5,714,767

-6.05

6,083,001

-8.75

6,665,969

Land  &  building

2,625,076

-5.59

2,780,602

-6.27

2,966,679

-7.94

3,222,471

-7.55

3,485,689

Plant  &  machinery

1,573,405

-2.87

1,619,914

0.55

1,611,016

7.70

1,495,785

-10.61

1,673,416

Furniture  &  Vehicles

21,035

-20.82

26,566

-42.96

46,577

-29.18

65,772

-30.06

94,043

Leasing  &  Other  Similar  Rights

25,469

-

0

-100

34,270

-46.14

63,632

-

0

Other  tangible  assets

722,615

-10.26

805,234

-23.76

1,056,225

-14.50

1,235,341

-12.56

1,412,821

Financial  fixed  assets

114,008

-0.90

115,043

-62.73

308,680

24.40

248,128

412

48,424

Total  current  assets

6,293,943

31.25

4,795,406

-13.46

5,541,346

-17.66

6,729,879

50.45

4,473,308

Inventories

1,136,671

54.14

737,446

-24.55

977,461

-9.22

1,076,780

1245

80,023

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

1,136,671

54.14

737,446

-24.55

977,461

-9.22

1,076,780

1245

80,023

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

1,571,593

35.10

1,163,263

-38.12

1,879,771

-38.39

3,051,292

13.78

2,681,682

Other  amounts  receivable

1,562,697

-1.09

1,579,995

13.52

1,391,767

191

477,168

25.13

381,334

Cash

1,958,158

65.03

1,186,550

5.25

1,127,312

-42.87

1,973,317

48.34

1,330,269

Miscellaneous  current  assets

64,824

-49.42

128,152

-22.35

165,035

9.06

151,322

-

0

Total  Assets

11,701,295

11.46

10,498,525

-9.99

11,663,201

-11.39

13,162,822

15.33

11,413,669

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

3,306,261

43.37

2,306,089

-63.87

6,383,590

-6.80

6,849,080

15.66

5,921,712

Issued  share  capital

11,400,000

0

11,400,000

0

11,400,000

0

11,400,000

9.11

10,448,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

-8,093,739

89.00

-9,093,911

-81.28

-5,016,410

-10.23

-4,550,920

-0.54

-4,526,288

Provisions  for  Liabilities  &  Charges

705,811

-49.99

1,411,263

1410

93,456

-49.85

186,346

43.92

129,479

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

7,689,223

13.39

6,781,173

30.76

5,186,155

-15.36

6,127,396

14.26

5,362,478

Other  long  term  loans

3,630,814

-6.64

3,889,074

56.53

2,484,535

-12.50

2,839,453

31.22

2,163,967

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

4,336,625

-18.18

5,300,337

105

2,577,991

-14.80

3,025,799

31.93

2,293,446

Current  portion  of  long  term  debt

778,283

191

267,390

-24.66

354,918

-5.97

377,468

-36.37

593,266

Financial  debts

0

-

0

-

0

-

0

-100

300,000

Trade  creditors

1,630,652

21.59

1,341,130

122

603,326

-39.92

1,004,169

14.22

879,176

Amounts  Payable  for  Taxes,

827,388

-6.23

882,323

-23.78

1,157,676

-22.08

1,485,761

30.81

1,135,857

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

822,086

104

401,256

-31.49

585,700

39.27

420,545

44.91

290,213

Total  current  liabilities

4,058,409

40.33

2,892,099

7.05

2,701,620

-17.83

3,287,943

2.80

3,198,511

Total  Liabilities

11,701,295

11.46

10,498,525

-9.99

11,663,201

-11.39

13,162,822

15.33

11,413,669

 

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

3.62

26.78

-13.52

-363

-2.92

-152

5.59

27.63

4.38

Return  on  capital  employed

7.18

29.27

-24.53

-386

-5.04

-154

9.20

19.64

7.69

Return  on  total  assets  employed

4.69

26.39

-17.77

-359

-3.87

-156

6.90

24.77

5.53

Return  on  net  assets  employed

16.60

20.52

-80.90

-1044

-7.07

-153

13.27

24.37

10.67

Sales  /  net  working  capital

6.79

-6.34

7.25

33.03

5.45

15.47

4.72

-58.30

11.32

Stock  turnover  ratio

7.49

40.26

5.34

-15.37

6.31

-4.68

6.62

1103

0.55

Creditor  days

41.24

30.42

31.62

126

13.95

-42.52

24.27

2.53

23.67

Debtor  days

37.79

22.85

30.76

-30.60

44.32

-35.31

68.51

0.99

67.84

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.55

-6.63

1.66

-19.02

2.05

0

2.05

46.43

1.40

Liquidity  ratio  /  acid  ratio

1.27

-9.29

1.40

-17.16

1.69

-1.74

1.72

25.55

1.37

Current  debt  ratio

1.23

-1.60

1.25

197

0.42

-12.50

0.48

-11.11

0.54

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

1,715,756

51.79

-3,312,766

-882

423,248

-63.86

1,171,120

-29.02

1,649,915

Net  worth

2,980,517

52.82

1,950,329

-68.97

6,285,182

-6.85

6,747,266

18.46

5,695,744

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

133.36

-26.01

180.24

305

44.48

-5.30

46.97

-9.03

51.63

Equity  in  percentage

29.06

27.79

22.74

-58.80

55.20

5.26

52.44

-0.93

52.93

Total  debt  ratio

2.54

-28.45

3.55

327

0.83

-9.78

0.92

-1.08

0.93

Working  capital

2,235,534

17.46

1,903,307

-32.98

2,839,726

-17.50

3,441,936

169

1,274,797

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

15,228,608

9.00

13,970,687

-11.14

15,722,183

-5.39

16,618,010

14.85

14,469,289

Turnover

15,180,034

9.97

13,804,087

-10.84

15,482,084

-4.76

16,256,630

12.67

14,428,954

Total  operating  expenses

14,433,144

-6.75

15,478,723

-1.93

15,783,175

4.50

15,103,817

11.41

13,557,175

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

14,481,718

-7.44

15,645,323

-2.36

16,023,274

3.61

15,465,197

13.74

13,597,510

Employee  costs

7,597,557

-9.39

8,384,450

-10.20

9,336,476

5.33

8,863,659

15.12

7,699,440

Wages  and  salary

4,389,524

-19.50

5,452,508

-12.19

6,209,188

6.43

5,833,898

15.74

5,040,534

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

1,864,719

-27.27

2,563,861

-16.50

3,070,504

5.42

2,912,671

26.21

2,307,811

Other  employee  costs

1,343,314

264

368,081

548

56,783

-51.50

117,090

-66.65

351,095

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

715,584

-6.43

764,736

-13.95

888,738

-25.68

1,195,752

-3.12

1,234,262

Operating  result

746,890

44.60

-1,674,636

-456

-301,091

-126

1,152,813

32.24

871,779

Total  financial  income

69,080

236

20,532

-74.68

81,105

-16.30

96,900

368

20,669

Total  financial  expenses

267,130

26.28

211,535

-8.66

231,600

-32.08

340,976

30.78

260,724

Results  on  ordinary  operations

548,840

29.42

-1,865,639

-313

-451,587

-149

908,737

43.85

631,724

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

798,175

2179

35,010

74.02

20,119

-84.93

133,471

-

-

Extraordinary  Charges

346,843

-84.54

2,244,051

6495

34,022

-96.81

1,066,840

393

216,072

Extraordinary  items

451,332

20.43

-2,209,041

-15788

-13,903

1.49

-933,369

-331

-216,072

Results  for  the  Year  Before Taxation

1,000,172

24.55

-4,074,680

-775

-465,490

-1789

-24,632

-105

415,652

Other appropriations

-

-

-

-

-

-

-

-

-

Taxation

-

-

2,822

-

-

-

-

-

-

Results  on  ordinary  operations

548,840

29.37

-1,868,461

-313

-451,587

-149

908,737

43.85

631,724

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

1,000,172

24.53

-4,077,502

-775

-465,490

-1789

-24,632

-105

415,652

Profit  (Loss)  for  the  Year  to  be appropiated

1,000,172

24.53

-4,077,502

-775

-465,490

-1789

-24,632

-105

415,652

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

98

Part-time  Employees

49

Total  Fte  Employees

134

Number  of  hours  worked

 

Full-time  Employees

136,677

Part-time  Employees

44,966

Total

181,643

Personnel  Charges

 

Full-time  Employees

5,716,770

Part-time  Employees

1,880,787

Total

7,597,557

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

151

Actual  working  hours

205,090

Personnel  Charges

8,384,450

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

94

47

128

Contracts

 

 

 

Limited  Duration  Contracts

4

-

4

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

 

Gender  and  Education Level

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

27

3

29

Higher  education  (non

6

-

6

university)

 

 

 

Higher  education

4

-

4

(university)

 

 

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

1

1

2

Secondairy  education

41

40

70

Higher  education  (non

6

2

7

university)

 

 

 

Higher  education

13

1

14

(university)

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

58

12

67

Blue  collar  worker

40

35

65

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

30

3

30

Leavers

29

7

33

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

5

Number  of  training  hours

-

272

Net  costs  for  enterprise

-

5,589

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

-

-

 

Industry  comparison

 

 

Activity  code

71209

 

Activity  description

Other  technical  tests

 

 

 

Payment Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

42

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

33

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

7

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

2

 

 

Suspension  of  payments  /  moratorium  history

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

41.24

Day  sales  outstanding

37.79

Industry  comparison

 

Activity  code

71209

Activity  description

Other  technical  tests

Industry  average  payment

48.50

expectation  days

 

Industry  average  day  sales

81.57

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

41.24

Lower

58.64

Median

27.60

Upper

16.48

 

 

Day  sales  outstanding

 

Company  result

37.79

Lower

106.98

Median

77.45

Upper

44.04

 

 

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

7

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

Group  Structure

 

 

 

Company  name

 

Number

Latest

 

 

 

financials

- ANTWERP  WORLD  DIAMOND  CENTRE

 

885969987

31-12-2014

- - HRD  ANTWERP  NV

 

885938315

31-12-2014

- - - BELGISCHE  ONDERNEMING  VOOR  DE  COMMERCIAL...

 

420218747

31-12-2011

- - - HRD  (ANTWERP  WORLD  DIAMOND  CENTER)  LIMIT...

 

 

 

- - - HRD  ANTWERP  ISTANBUL  DEGERLI  TASLAR  TEST...

 

 

 

- - - HRD  DIAMOND  INSTITUTE  PRIVATE  LIMITED  SO...

 

 

 

- - - HRD  DIAMOND  TECHNOLOGY  CONSULTING  (SHANG...

 

 

 

 

Minority  Shareholders

 

No  minority  shareholders  found

 

Minority  Interests

 

No  minority  interests  found

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

7

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

Summons

 

Legal  event  type

Social  Security  Summons

 

Event  date

27/02/2012

 

Court  type

Court  name

Antwerpen

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

 

 

Director  details

 

Current  director  details

 

Position

Director

Start  Date

28/01/2015

Date  of  birth

13/02/1967

Street

138 AARSCHOTSEBAAN  BERLAAR

Post  code

2590

Country

Belgium

 

 

Name

Wim  Ruythooren

Name

Marc  Descheemaecker

Position

Director

Start  Date

20/02/2014

Date  of  birth

12/08/1955

Street

1 HUTSTRAAT  KOKSIJDE

Post  code

8670

Country

Belgium

 

 

Name

Samir  Mehta

Position

Director

Start  Date

13/11/2013

Date  of  birth

09/05/1960

Street

51 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

David  Gotlib

Position

Director

Start  Date

24/04/2013

Date  of  birth

09/05/1977

Street

31 CHARLOTTALEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

Koenraad  Smets

Position

Director

Start  Date

11/07/2012

Date  of  birth

03/05/1955

Street

58 PAASHOEKSTRAAT  NIJLEN

Post  code

2560

Country

Belgium

 

 

Name

IDFX  MANAGEMENT  BVBA

Position

Director

Start  Date

01/01/2011

Street

 

Post  code

 

Country

 

 

 

Name

Ari  Epstein

Position

Permanent  representative  legal  entity

Start  Date

01/01/2011

Street

 

Post  code

 

Country

 

 

 

Name

Serge  Couvreur

Position

Authorised  agent

Start  Date

18/03/2013

Street

 

Post  code

 

Country

 

 

 

Name

Georges  Brys

Position

Authorised  agent

Start  Date

15/05/2007

Street

 

Post  code

 

Country

 

 

 

Former  director  details

 

Name

Paul  Van  der  Steen

Position

Director

Start  Date

24/05/2013

End  Date

09/12/2014

Date  of  birth

07/04/1953

Street

185 HOGE  KAART  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

MANDATUM  BVBA

Position

Director

Start  Date

26/01/2011

End  Date

13/11/2013

Street

 

Post  code

 

Country

 

 

 

Name

Thierry  Polakiewicz

Position

Director

Start  Date

07/03/2012

End  Date

14/03/2013

Street

 

Post  code

 

Country

 

 

 

Name

Julien  Drybooms

Position

Director

Start  Date

22/12/2006

End  Date

05/03/2013

Date  of  birth

19/08/1945

Street

3 NIEUWENDIJK  GROBBENDONK

Post  code

2280

Country

Belgium

 

 

Name

Wim  Ruythooren

Position

Director

Start  Date

22/12/2006

End  Date

21/04/2012

Date  of  birth

13/02/1967

Street

138 AARSCHOTSEBAAN  BERLAAR

Post  code

2590

Country

Belgium

 

 

Name

Daniel  Van  Dievoet-Van  den  Bosch

Position

Director

Start  Date

30/06/2008

End  Date

01/10/2011

Street

 

Post  code

 

Country

 

 

 

Name

Luc  Marchal

Position

Director

Start  Date

30/06/2008

End  Date

26/01/2011

Date  of  birth

12/12/1953

Street

138 TERVUURSELAAN  BRUSSEL

Post  code

1150

Country

Belgium

 

 

Position

Permanent  representative  legal  entity

Start  Date

26/01/2011

End  Date

13/11/2013

Date  of  birth

12/12/1953

Street

138 TERVUURSELAAN  BRUSSEL

Post  code

1150

Country

Belgium

 

 

Name

Freddy  Hanard

Position

Director

Start  Date

22/12/2006

End  Date

01/01/2011

Date  of  birth

19/01/1948

Street

195 RUE  DE  BRUXELLES  AWANS

Post  code

4340

Country

Belgium

 

 

Position

Permanent  representative  legal  entity

Start  Date

23/12/2006

End  Date

31/12/2010

Date  of  birth

19/01/1948

Street

195 RUE  DE  BRUXELLES  AWANS

Post  code

4340

Country

Belgium

 

 

Name

FJH  MANAGEMENT  SPRL

Position

Director

Start  Date

23/12/2006

End  Date

31/12/2010

Street

 

Post  code

 

Country

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.100.55

Euro

1

Rs.71.26

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TRU

 

               

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.