|
Report No. : |
350620 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EURONAV NV |
|
|
|
|
Registered Office : |
De Gerlachekaai 20, 2000 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
26.06.2003 |
|
|
|
|
Com. Reg. No.: |
860402767 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Sea and Coastal Freight Water Transport |
|
|
|
|
No. of Employees : |
28 |
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 |
|
Business number |
860402767 |
|
Branche Unit Number |
2133052269 |
|
Company name |
EURONAV NV |
|
Address |
DE GERLACHEKAAI 20 |
|
|
2000 ANTWERPEN |
|
Number of staff |
28 |
|
Date of establishment |
26/06/2003 |
|
Telephone number |
032474444 |
|
Fax number |
032474409 |
|
Company
name |
Company
Number |
|
EURONAV NV |
860402767 |
The business was established over 12
years ago.
The business has 28 employees.
The business is part of a group.
The business has been at the
address for over 12 years.
Net Worth increased by 85% during
the latest trading period.
A 51% growth in Total Assets
occurred during the latest trading period.
The business saw an increase in their
Cash Balance of 274% during the latest
trading period.
Turnover in the latest trading period
increased 42% on the previous trading
period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2014 |
318,583,872 |
-55,864,672 |
1,177,359,727 |
97,396,996 |
|
31/12/2013 |
223,519,259 |
-79,297,851 |
635,931,546 |
-34,173,147 |
|
31/12/2012 |
244,635,032 |
-70,369,746 |
761,948,552 |
12,272,285 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
2,197,093,960 |
28 |
117,314,035 |
56,897,481 |
|
31/12/2013 |
1,446,875,165 |
23 |
42,734,872 |
-1,371,619 |
|
31/12/2012 |
1,632,237,374 |
25 |
42,630,133 |
38,065,683 |
|
Past payments |
|
Payment expectation days |
6.25 |
|
Industry average payment |
97.54 |
Industry average day sales |
762.31 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
47.08 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
860402767 |
Company name |
EURONAV NV |
|
Fax number |
032474409 |
Date founded |
26/06/2003 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
50200 |
Liable for VAT |
yes |
|
Activity description |
Sea and coastal freight water transport |
VAT Number |
BE.0860.402.767 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
|
Personnel
(NSSO classification) |
|
|
Code |
- |
|
Description |
- |
|
|
|
|
Joint
Industrial Committee (JIC) |
|
|
Significant Events |
|
|
Event Date |
13/05/2015 |
|
Event Description |
|
|
Event Details |
Hernieuwing machtiging inzake toegestaan
kapitaal - hernieuwing machtiging inzake
toegestaan kapitaal in geval van openbaar
overnamebod - wijziging statuten - volmachten. |
|
Event Date |
26/06/2003 |
|
Event Description |
Legal creation |
|
Event Details |
-- |
|
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 |
1,896,017,406 |
42.88 |
1,327,014,109 |
-11.01 |
1,491,273,885 |
-3.74 |
1,549,178,391 |
-5.44 |
1,638,292,345 |
|
Intangible fixed assets |
18,319 |
58.44 |
11,562 |
-79.23 |
55,677 |
-67.74 |
172,589 |
-44.65 |
311,811 |
|
Tangible fixed assets |
1,161,920,544 |
8.44 |
1,071,514,397 |
-12.14 |
1,219,532,972 |
-6.30 |
1,301,530,205 |
-6.32 |
1,389,273,841 |
|
Land & building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant & machinery |
1,147,920,284 |
7.89 |
1,063,942,661 |
-12.74 |
1,219,243,853 |
-5.37 |
1,288,483,955 |
-6.43 |
1,377,060,987 |
|
Furniture & Vehicles |
327,413 |
2.08 |
320,736 |
10.94 |
289,119 |
-29.02 |
407,301 |
-3.92 |
423,938 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
13,672,847 |
88.56 |
7,251,000 |
- |
0 |
-100 |
12,638,949 |
7.21 |
11,788,916 |
|
Financial fixed assets |
734,078,544 |
187 |
255,488,150 |
-5.96 |
271,685,235 |
9.78 |
247,475,596 |
-0.49 |
|
|
Total current assets |
301,076,554 |
151 |
119,861,056 |
-14.97 |
140,963,489 |
-22.47 |
181,810,275 |
-2.81 |
187,064,733 |
|
Inventories |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Raw materials & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
41,094,620 |
121 |
18,544,506 |
-3.01 |
19,119,230 |
52.43 |
12,543,321 |
-14.94 |
14,746,053 |
|
Other amounts receivable |
31,574,176 |
42.86 |
22,101,800 |
5.01 |
21,047,974 |
-40.54 |
35,398,046 |
-14.94 |
41,613,076 |
|
Cash |
67,397,951 |
274 |
17,980,920 |
13.05 |
15,905,765 |
7.43 |
14,806,080 |
-9.96 |
16,443,688 |
|
Miscellaneous current assets |
161,009,807 |
162 |
61,233,830 |
-27.87 |
84,890,521 |
-28.70 |
119,062,828 |
4.20 |
114,261,916 |
|
Total Assets |
2,197,093,960 |
51.85 |
1,446,875,165 |
-11.36 |
1,632,237,374 |
-5.70 |
1,730,988,666 |
-5.17 |
1,825,357,078 |
LIABILITIES
|
Total shareholders equity |
1,177,378,046 |
85.14 |
635,943,108 |
-16.54 |
762,004,229 |
-10.32 |
849,705,183 |
-8.14 |
925,035,501 |
|
Issued share Capital |
117,314,035 |
174 |
42,734,872 |
0.25 |
42,630,133 |
-1.94 |
43,473,848 |
3.27 |
42,095,779 |
|
Share premium account |
775,641,807 |
192 |
265,077,828 |
-0.94 |
267,586,447 |
-1.94 |
272,882,392 |
3.27 |
264,232,348 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
284,422,204 |
-13.32 |
328,130,408 |
-27.37 |
451,787,649 |
-15.29 |
533,348,943 |
-13.80 |
618,707,374 |
|
Provisions for Liabilities & Charges |
8,048,584 |
59.72 |
5,039,051 |
4213 |
116,811 |
-64.61 |
330,083 |
-97.59 |
13,671,301 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
1,011,667,330 |
25.53 |
805,893,006 |
-7.38 |
870,116,335 |
-1.23 |
880,953,400 |
-0.64 |
886,650,276 |
|
Other long term loans |
807,987,772 |
28.23 |
630,105,803 |
-12.33 |
718,688,131 |
-4.28 |
750,820,822 |
-1.85 |
764,938,883 |
|
Long Term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term Liabilities |
0 |
-100 |
21,753,000 |
-4.33 |
22,736,999 |
- |
0 |
- |
0 |
|
Total long term debts |
816,036,356 |
24.23 |
656,897,854 |
-11.41 |
741,541,941 |
-1.28 |
751,150,905 |
-3.53 |
778,610,184 |
|
Current portion of |
100,069,865 |
24.76 |
80,211,205 |
-4.33 |
83,839,570 |
-12.35 |
95,647,513 |
10.71 |
86,398,290 |
|
long term debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
0 |
-100 |
4,957,871 |
- |
0 |
- |
0 |
- |
0 |
|
Trade creditors |
5,465,303 |
-70.79 |
18,707,747 |
230 |
5,668,132 |
-19.99 |
7,084,025 |
76.36 |
4,016,799 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
764,199 |
-16.17 |
911,599 |
-0.46 |
915,789 |
159 |
353,053 |
-28.53 |
493,963 |
|
Miscellaneous current liabilities |
97,380,191 |
97.74 |
49,245,781 |
28.69 |
38,267,713 |
41.48 |
27,047,987 |
-12.19 |
30,802,341 |
|
Total current Liabilities |
203,679,558 |
32.23 |
154,034,203 |
19.69 |
128,691,204 |
-1.11 |
130,132,578 |
6.92 |
121,711,393 |
|
Total Liabilities |
2,197,093,960 |
51.85 |
1,446,875,165 |
-11.36 |
1,632,237,374 |
-5.70 |
1,730,988,666 |
-5.17 |
1,825,357,078 |
RATIO ANALYSIS
|
TRADING PERFORMANCE
|
|||||||||
|
Profit Before Tax |
-17.54 |
49.44 |
-35.48 |
-23.32 |
-28.77 |
84.25 |
-34.15 |
-471 |
9.19 |
|
Return on capital employed |
-2.80 |
45.68 |
-6.13 |
-30.98 |
-4.68 |
88.14 |
-5.31 |
-376 |
1.92 |
|
Return on total assets employed |
-2.54 |
46.35 |
-5.48 |
-27.15 |
-4.31 |
87.78 |
-4.91 |
-374 |
1.79 |
|
Return on net assets employed |
-4.74 |
38.01 |
-12.47 |
-35.10 |
-9.23 |
92.21 |
-10.01 |
-383 |
3.53 |
|
Sales / net working capital |
3.27 |
50.0 |
-6.54 |
-132 |
19.93 |
313 |
4.82 |
-11.23 |
5.43 |
|
Stock turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditor days |
6.25 |
-75.28 |
25.28 |
247 |
7.27 |
-20.98 |
9.20 |
85.48 |
4.96 |
|
Debtor days |
47.08 |
55.48 |
30.28 |
6.13 |
28.53 |
55.22 |
18.38 |
21.24 |
15.16 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.48 |
89.74 |
0.78 |
-29.09 |
1.10 |
-21.43 |
1.40 |
-9.09 |
1.54 |
|
Liquidity ratio /
acid ratio |
1.48 |
89.74 |
0.78 |
-29.09 |
1.10 |
-21.43 |
1.40 |
-9.09 |
1.54 |
|
Current debt ratio |
0.17 |
-29.17 |
0.24 |
41.18 |
0.17 |
13.33 |
0.15 |
15.38 |
0.13 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
56,897,481 |
4148 |
-1,371,619 |
-103 |
38,065,683 |
1083 |
3,216,758 |
-97.70 |
139,926,688 |
|
Net worth |
1,177,359,727 |
85.14 |
635,931,546 |
-16.54 |
761,948,552 |
-10.31 |
849,532,594 |
-8.13 |
924,723,690 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
77.13 |
-31.42 |
112.47 |
6.79 |
105.32 |
5.72 |
99.62 |
8.25 |
92.03 |
|
Equity in percentage |
53.59 |
21.93 |
43.95 |
-5.87 |
46.69 |
-4.89 |
49.09 |
-3.16 |
50.69 |
|
Total debt ratio |
0.87 |
-32.03 |
1.28 |
12.28 |
1.14 |
9.62 |
1.04 |
7.22 |
0.97 |
|
Working capital |
97,396,996 |
285 |
-34,173,147 |
-378 |
12,272,285 |
-76.25 |
51,677,697 |
-20.93 |
65,353,340 |
PROFIT & LOSS
|
Operating Income |
334,864,931 |
46.36 |
228,787,574 |
-10.34 |
255,160,282 |
-6.34 |
272,444,090 |
-27.72 |
376,927,920 |
|
Turnover |
318,583,872 |
42.53 |
223,519,259 |
-8.63 |
244,635,032 |
-1.79 |
249,095,623 |
-29.82 |
354,961,912 |
|
Total operating expenses |
319,006,489 |
18.10 |
270,114,612 |
-5.02 |
284,390,736 |
1.17 |
281,089,475 |
-4.87 |
295,494,699 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
335,287,548 |
21.75 |
275,382,927 |
-6.62 |
294,915,986 |
-3.13 |
304,437,941 |
-4.10 |
317,460,707 |
|
Employee costs |
2,701,076 |
7.21 |
2,519,469 |
-17.20 |
3,042,920 |
5.83 |
2,875,325 |
45.82 |
1,971,872 |
|
Wages and salary |
1,156,523 |
-23.94 |
1,520,515 |
-24.30 |
2,008,557 |
-2.45 |
2,058,898 |
66.34 |
1,237,782 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security |
562,912 |
14.54 |
491,442 |
-17.46 |
595,419 |
17.95 |
504,827 |
43.48 |
351,838 |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
981,641 |
93.42 |
507,511 |
15.62 |
438,944 |
40.87 |
311,600 |
-18.48 |
382,253 |
|
Director remuneration |
1,499,365 |
30.38 |
1,150,018 |
14.80 |
1,001,778 |
-11.10 |
1,126,863 |
-16.00 |
1,341,518 |
|
Amortization and depreciation |
112,398,889 |
9.41 |
102,733,393 |
-5.99 |
109,276,046 |
0.41 |
108,829,505 |
-4.15 |
113,539,053 |
|
Operating result |
-422,617 |
0.91 |
-46,595,353 |
-17.20 |
-39,755,704 |
-24.26 |
-31,993,852 |
-153 |
59,467,213 |
|
Total financial income |
18,778,322 |
1021 |
1,674,568 |
-65.65 |
4,875,294 |
0.10 |
4,870,476 |
-70.88 |
16,726,611 |
|
Total financial expenses |
74,220,377 |
115 |
34,377,066 |
-3.13 |
35,489,335 |
-38.75 |
57,941,393 |
33.02 |
43,556,968 |
|
Results on ordinary operations before taxation |
-55,864,672 |
70.45 |
-79,297,851 |
-12.69 |
-70,369,746 |
82.72 |
-85,064,768 |
-360 |
32,636,856 |
|
Extraordinary Income |
5,496,472 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
3,458,067 |
-85.12 |
23,246,124 |
- |
- |
- |
19,708,950 |
266 |
5,379,372 |
|
Extraordinary items |
2,038,405 |
8.77 |
-23,246,124 |
- |
0 |
0 |
-19,708,950 |
-266 |
-5,379,372 |
|
Results for the Year Before Taxation |
-53,826,266 |
52.49 |
-102,543,975 |
-45.72 |
-70,369,746 |
67.16 |
-104,773,718 |
-484 |
27,257,484 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
1,675,142 |
7.31 |
1,561,037 |
85.70 |
840,618 |
0.19 |
839,029 |
-3.54 |
869,849 |
|
Results on ordinary operations after taxation |
-57,539,814 |
71.16 |
-80,858,888 |
-13.55 |
-71,210,364 |
82.90 |
-85,903,797 |
-370 |
31,767,007 |
|
Net result |
-55,501,408 |
53.31 |
-104,105,012 |
-46.19 |
-71,210,363 |
67.43 |
-105,612,747 |
-500 |
26,387,635 |
|
Profit (Loss) for the Year to
be appropiated |
-55,501,408 |
53.31 |
-104,105,012 |
-46.19 |
-71,210,363 |
67.43 |
-105,612,747 |
-500 |
26,387,635 |
|
Dividends |
32,781,122 |
- |
- |
- |
- |
- |
- |
- |
4,899,307 |
Social Balance Sheet Details
|
Social Balance Sheet |
|
Total |
|
|
During the reporting year ended 31-12-2014 |
|
|
|
|
Full-time Employees |
|
22 |
|
|
Part-time Employees |
|
4 |
|
|
Total Fte Employees |
|
26 |
|
|
Number
of hours worked |
|
|
|
|
Full-time Employees |
|
34,587 |
|
|
Part-time Employees |
|
5,357 |
|
|
Total |
|
39,944 |
|
|
Personnel
Charges |
|
|
|
|
Full-time Employees |
|
2,338,844 |
|
|
Part-time Employees |
|
362,232 |
|
|
Total |
|
2,701,076 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
During
the previous reporting year |
|
|
|
|
Average number employees in Fte |
|
23 |
|
|
Actual working hours |
|
35,927 |
|
|
Personnel Charges |
|
2,861,722 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
26 |
3 |
29 |
|
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 |
1 |
- |
1 |
|
Higher education (non university) |
13 |
- |
13 |
|
Higher education (university) |
5 |
- |
5 |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
1 |
2 |
|
Higher education (non university) |
5 |
2 |
7 |
|
Higher education (university) |
1 |
- |
1 |
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
26 |
3 |
29 |
|
Blue collar worker |
- |
- |
- |
|
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 |
7 |
1 |
8 |
|
Leavers |
3 |
- |
3 |
|
Total of formal continuing vocational
training initiatives |
|
|
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
8 |
7 |
|
Number of training hours |
139 |
144 |
|
Net costs for enterprise |
7,424 |
10,292 |
|
Total of less formal and informal
continuing vocational |
|
|
|
training initiatives for workers paid
by the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of initial training initiatives
at the expense of the |
|
|
|
employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Activity code |
50200 |
|
|
Activity description |
Sea and coastal freight water transport |
|
|
industry average credit rating |
65.26 |
|
|
Industry average credit limit |
175482.83 |
|
|
Payment Information Summary |
|
|
Total number of Invoices available |
1 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
1 |
|
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 |
6.25 |
|
Day sales outstanding |
47.08 |
|
Industry
comparison |
|
|
Activity code |
50200 |
|
Activity description |
Sea and coastal freight water transport |
|
Industry average payment expectation days |
97.54 |
|
Industry average day sales outstanding |
762.31 |
INDUSTRY QUARTILE ANALYSIS
PAYMENT EXPECTATIONS
|
Company result |
6.25 |
|
Lower |
85.25 |
|
Median |
35.03 |
|
Upper |
14.75 |
|
Day sales outstanding |
|
|
Company result |
47.08 |
|
Lower |
111.32 |
|
Median |
55.41 |
|
Upper |
30.69 |
|
Summary |
|
|
|
|
|
|
Group - Number of Companies |
7 |
|
|
|
|
|
Linkages - Number of Companies |
39 |
|
|
|
|
|
Number of Countries |
16 |
|
|
|
|
|
Group Structure |
|
|
|
|
|
|
Company name |
|
Number |
Latest |
|
|
|
|
financials |
|
- EURONAV NV |
|
860402767 |
31-12-2014 |
|
- - EURONAV SHIP MANAGEMENT SAS BO |
|
464288916 |
31-12-2004 |
|
- - EURONAV SHIPPING NV |
|
544986976 |
31-12-2014 |
|
- - EURONAV TANKERS NV |
|
546943111 |
|
|
- - EURONAV HONG KONG LTD |
|
|
|
|
- - EURONAV |
|
393071907 |
31-12-2014 |
|
- - EURONAV LUXEMBOURG S.A. |
|
B51212 |
31-12-2014 |
Minority
Shareholders
|
Business |
Company
name |
% |
Date of |
|
number |
|
|
accounts |
|
- |
YORK EUROPEAN |
- |
- |
|
|
OPPORTUNITIES INVESTMENTS |
|
|
|
|
MASTER FUND LP SOC. |
|
|
|
|
ETRANGERE |
|
|
|
- |
GT NM, L.P SOC. ETRANGERE |
- |
- |
|
- |
ULTRA TANKERS LIMITED SOC. |
- |
- |
ETRANGERE
ULTRA SHIPPING LIMITED SOC.
ETRANGERE
YORK EUROPEAN FOCUS
MASTER FUND LP SOC. ETRANGERE
SAN BERNARDINO COUNTY
EMPLOYEES RETIREMENT ASSOCIATION SOC. ETRANGERE
CERES INVESTMENTS
PARTNERS LTD SOC. ETRANGERE
CHIARA HOLDINGS INC SOC.
ETRANGERE
|
- |
GOLDENTREE ASSET |
- |
|
|
|
MANAGEMENT DUTCH B.V. |
|
|
|
|
BUITENL.VEN |
|
|
|
- |
BEAUMER SOC. ETRANGERE |
0.01 |
|
Minority
Interests
|
Company name |
|
% |
Date of |
|
|
|
|
accounts |
|
GREAT HOPE ENTREPRISES LTD |
|
50 |
- |
|
Individual Shareholders |
|
|
|
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Marc |
|
|
|
Surname |
Saverys |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
20/02/2015(estimated) |
|
|
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Kwadenplasstraat |
|
|
|
Minor town |
- |
|
|
|
Post code |
9070 |
|
|
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Virginie |
|
|
|
Surname |
Saverys |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
20/02/2015(estimated) |
|
|
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Le Grellelei |
|
|
|
Minor town |
Berchem |
|
|
|
Post code |
2600 |
|
|
SHAREHOLDER
NAME
|
Forename |
Alexander |
Middle name |
|
Georges |
|
|
Surname |
Saverys |
|
|
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
|
|
Start date |
20/02/2015(estimated) |
End date |
|
- |
|
|
Percentage owned |
- |
|
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
|
|
Street name |
Meerkenshamstraat |
House number |
|
18 |
|
|
Minor town |
- |
Postal town |
|
Destelbergen |
|
|
Post code |
9070 |
Country |
|
Belgium |
|
|
SHAREHOLDER NAME |
|
|
|
|
|
|
Forename |
Ludovic |
Middle name |
|
Paul |
|
|
Surname |
Saverys |
|
|
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
|
|
Start date |
20/02/2015(estimated) |
End date |
|
- |
|
|
Percentage owned |
- |
|
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
|
|
Street name |
Verviersstraat |
House number |
|
2 |
|
|
Minor town |
- |
Postal town |
|
Antwerpen |
|
|
Post code |
2000 |
Country |
|
Belgium |
|
|
SHAREHOLDER NAME |
|
|
|
|
|
|
Forename |
Michaël |
Middle name |
|
Gérard |
|
|
Surname |
Saverys |
|
|
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
|
|
Start date |
20/02/2015(estimated) |
End date |
|
- |
|
|
Percentage owned |
- |
|
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
|
|
Street name |
Stijn Streuvelslaan |
House number |
|
1 |
|
|
Minor town |
- |
Postal town |
|
Tervuren |
|
|
Post code |
3080 |
Country |
|
Belgium |
|
|
Summary |
|
|
Group - Number of Companies |
7 |
|
Linkages - Number of Companies |
39 |
|
Number of Countries |
16 |
Linked Companies
|
|
NAME |
NUMBER |
LATEST KEY |
TURNOVER |
|
|
|
|
FINANCIALS |
|
|
|
|
|
|
|
|
|
DELPHIS NV |
863873981 |
31.12.2014 |
€2.548.166 |
|
|
BOCIMAR INTERNATIONAL NV |
468590271 |
31.12.2014 |
€208.374.963 |
|
|
BELGISCHE |
404535431 |
31.12.2014 |
€53.587.544 |
|
|
SCHEEPVAARTMAATSCHAPPIJ- |
|
|
|
|
|
COMPAGNIE MARITIME BELGE NV |
|
|
|
|
|
DURABILIS NV |
425038360 |
31.12.2013 |
€3.874.272 |
|
|
EPX NV |
899984212 |
31.12.2014 |
- |
|
|
BOCIMAR NV |
423147355 |
31.12.2014 |
- |
|
|
NOTAX III NV |
447774170 |
31.12.2014 |
€72.498 |
|
|
SAVERCO NV |
427685965 |
31.12.2014 |
€2.527.395 |
|
|
EURONAV (UK) AGENCIES LIMITED |
03151658 |
31.12.2014 |
£2.190.047 |
|
|
C M B INTERNATIONAL NV |
435401821 |
31.12.2009 |
- |
|
|
DOMIMAR NV |
809219530 |
31.12.2014 |
- |
|
|
EURONAV HOLDINGS NV |
859711988 |
31.12.2004 |
- |
|
|
AMI NV |
411609305 |
31.12.2014 |
- |
|
|
PORTLINK NV |
434389160 |
31.12.2011 |
- |
|
|
STEVIA ONE INTERNATIONAL NV |
541870902 |
31.12.2014 |
€119.063 |
|
|
FAIR-FRUIT NV SO |
887481209 |
31.12.2014 |
€9.874.877 |
|
|
VERWALTUNGSGESELLSCHAFT TEAM |
HRB 22688 |
31.12.2011 |
- |
|
|
LINES GMBH |
|
|
|
|
|
ENTARCO SA |
403473775 |
- |
- |
|
|
BOCIMAR HUNTER NV |
632510868 |
- |
- |
|
|
TEAM LINES GMBH & CO. KG |
HRA 85684 |
- |
- |
There is no data for this company
there is no data for this company
there is no data for this company
CURRENT DIRECTOR DETAILS
|
Position |
Chairman |
|
Start Date |
28/04/2009 |
|
Date of birth |
22/01/1954 |
|
Street |
12 KWADENPLASSTRAAT DESTELBERGEN |
|
Post code |
9070 |
|
Country |
Belgium |
|
|
|
|
Name |
Marc Saverys |
|
Position |
Person responsible for day-to-day management |
|
Start Date |
30/11/2004 |
|
Date of birth |
22/01/1954 |
|
Street |
12 KWADENPLASSTRAAT DESTELBERGEN |
|
Post code |
9070 |
|
Country |
Belgium |
|
|
|
|
Name |
PATRICK RODGERS |
|
Position |
Managing Director |
|
Start Date |
30/11/2004 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Position |
Person responsible for day-to-day management |
|
Start Date |
30/11/2004 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
CERES INVESTMENTS (CYPRUS) LIMITED BO |
|
Position |
Director |
|
Start Date |
13/05/2015 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
Ludovic Saverys |
|
Position |
Director |
|
Start Date |
13/05/2015 |
|
Street |
|
|
Post Pode |
|
|
Country |
|
|
|
|
|
Name |
ANNE-HELENE MONSELLATO |
|
Position |
Director |
|
Start Date |
13/05/2015 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
JULIAN METHERELL |
|
Position |
Director |
|
Start Date |
08/05/2014 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
ALEXANDROS DROULISCOS |
|
Position |
Director |
|
Start Date |
08/05/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
IOANNIS RANTZIVILL |
|
Position |
Director |
|
Start Date |
08/05/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
ALICE WINGFIELD-DIGBY |
|
Position |
Director |
|
Start Date |
10/05/2012 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
WILLIAM THOMSON |
|
Position |
Director |
|
Start Date |
26/04/2011 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
Ludwig Criel |
|
Position |
Director |
|
Start Date |
28/04/2009 |
|
Street |
5 ZINKVALSTRAAT AARTSELAAR |
|
Post code |
2630 |
|
Country |
Belgium |
|
|
|
|
Position |
Person responsible for day-to-day management |
|
Start Date |
30/11/2004 |
|
Street |
5 ZINKVALSTRAAT AARTSELAAR |
|
Post code |
2630 |
|
Country |
Belgium |
|
Position |
Member of the executive committee |
|
Start Date |
13/03/2008 |
|
Street |
5 ZINKVALSTRAAT AARTSELAAR |
|
Post code |
2630 |
|
Country |
Belgium |
|
|
|
|
Name |
PANAGIOTIS LIVANOS |
|
Position |
Director |
|
Start Date |
26/04/2005 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Position |
Permanent representative legal entity |
|
Start Date |
13/05/2015 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
DANIEL BRADSHAW |
|
Position |
Director |
|
Start Date |
30/11/2004 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
ALEX STARING |
|
Position |
Person responsible for day-to-day management |
|
Start Date |
05/12/2005 |
|
Street |
64 BUITENLAND BORNEM |
|
Post code |
2880 |
|
Country |
Belgium |
|
|
|
|
Name |
Virginie Saverys |
|
Position |
Person responsible for day-to-day management |
|
Start Date |
30/11/2004 |
|
Date of birth |
19/02/1960 |
|
Street |
20 LE GRELLELEI ANTWERPEN |
|
Post code |
2600 |
|
Country |
Belgium |
|
|
|
|
Name |
Egied Verbeeck |
|
Position |
Member of the executive committee |
|
Start Date |
01/01/2010 |
|
Street |
8 SLIJKSTRAAT RANST |
|
Post code |
2520 |
|
Country |
Belgium |
|
|
|
|
Name |
Hugo Destoop |
|
Position |
Member of the executive committee |
|
Start Date |
13/03/2008 |
|
Date of birth |
13/02/1973 |
|
Street |
39 LOMMERLAAN BRUSSEL |
|
Post code |
1200 |
|
Country |
Belgium |
Current mandates
in other companies
|
Name |
EURONAV BELGIUM BTWE |
|
|
Business number |
552836652 |
|
|
Position |
Representative of the VAT unit |
|
|
Start Date |
01/06/2014 |
|
|
|
|
|
|
Former
director details |
||
|
Name |
TANKLOG HOLDINGS LIMITED BO |
|
|
Position |
Director |
|
|
Start Date |
29/04/2008 |
|
|
End Date |
13/05/2015 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
NICOLAS KAIRIS |
|
|
Position |
Director |
|
|
Start Date |
26/04/2005 |
|
|
End Date |
20/06/2013 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
Switzerland |
|
|
Name |
STEPHAN VAN DYCK |
|
|
Position |
Director |
|
|
Start Date |
30/11/2004 |
|
|
End Date |
12/01/2012 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
OCEANIC INVESTMENTS S.A.R.L. BO |
|
|
Position |
Director |
|
|
Start Date |
29/04/2008 |
|
|
End Date |
26/04/2011 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
EINAR STEIMLER |
|
|
Position |
Director |
|
|
Start Date |
30/11/2004 |
|
|
End Date |
27/04/2010 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
Virginie Saverys |
|
|
Position |
Director |
|
|
Start Date |
28/04/2009 |
|
|
End Date |
28/04/2009 |
|
|
Date of birth |
19/02/1960 |
|
|
Street |
20 LE GRELLELEI ANTWERPEN |
|
|
Post code |
2600 |
|
|
Country |
Belgium |
|
|
Name |
PATRICK MOLIS |
|
|
Position |
Director |
|
|
Start Date |
30/11/2004 |
|
|
End Date |
29/04/2008 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Position |
Permanent representative legal entity |
|
|
Start Date |
29/04/2008 |
|
|
End Date |
26/04/2011 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
PANAGIOTIS LIVANOS |
|
|
Position |
Permanent representative legal entity |
|
|
Start Date |
29/04/2008 |
|
|
End Date |
13/05/2015 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
NICHOLAS FISTES |
|
|
Position |
Person responsible for day-to-day management |
|
|
Start Date |
26/04/2005 |
|
|
End Date |
01/02/2008 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
Benoit Timmermans |
|
|
Position |
Person responsible for day-to-day management |
|
|
Start Date |
26/06/2003 |
|
|
End Date |
30/11/2004 |
|
|
Street |
|
|
|
Post code |
|
|
|
Country |
|
|
|
Name |
JONATHAN LEE |
|
|
Position |
Member of the executive committee |
|
|
Start Date |
22/03/2007 |
|
|
End Date |
01/06/2012 |
|
|
Street |
|
|
|
Post Code |
|
|
|
Country |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.