|
Report No. : |
349362 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHEMITEX SA |
|
|
|
|
Registered Office : |
Avenue Louise 221-Bus 4 1050 Ixelles |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
04.12.1970 |
|
|
|
|
Com. Reg. No.: |
407685456 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Wholesale of household textiles and bedding. |
|
|
|
|
No. of Employee : |
27 |
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 – 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 407685456
Branche
Unit Number 2005523597
Company
name CHEMITEX SA
Address
AVENUE LOUISE 221-BUS 4
1050 IXELLES
Number
of staff 27
Date
of establishment 04/12/1970
Telephone
number 026492118
Fax
number 026409818
The business was established over 44 years ago.
The business has 27 employees.
The business is part of a group.
This business has a foreign parent business.
The business has been at the address for over 19 years.
The business saw an increase in their Cash Balance of 42% during the latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
175,877,890 |
12,025,644 |
148,678,773 |
147,691,148 |
|
31/12/2013 |
188,456,935 |
13,927,518 |
139,681,211 |
139,845,057 |
|
31/12/2012 |
173,661,802 |
13,701,375 |
138,150,077 |
138,254,088 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
213,702,503 |
27 |
1,250,000 |
9,164,665 |
|
31/12/2013 |
206,676,043 |
27 |
1,250,000 |
10,689,113 |
|
31/12/2012 |
216,548,801 |
28 |
1,250,000 |
10,485,424 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
51.23 |
|
Industry average payment |
104.80 |
Industry average day sales |
98.67 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
87.07 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount
--
NSSO
DETAILS
Date of summons –
|
Business number |
407685456 |
Company name |
CHEMITEX SA |
|
Fax number |
026409818 |
Date founded |
04/12/1970 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
46412 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of household textiles and bedding |
VAT Number |
BE.0407.685.456 Check VAT number |
|
Belgian Bullettin of Acts |
moniteur belge |
|
|
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
- |
|
Description |
- |
|
JOINT
INDUSTRIAL COMMITTEE (JIC) |
|
|
JIC Code |
100 |
|
Description |
Additional joint committee for labourers |
|
category |
|
|
JIC Code |
226 |
|
Description |
JC employees international trade,
transport & related activities |
|
|
|
|
SIGNIFICANT EVENTS |
|
|
|
|
|
Event Date |
23/12/2014 |
|
Event Description |
|
|
Event Details |
Sous condition de l'exercice des warrants à créer
selon la résolution prise ci-dessus, l'assemblée décide de l'émission de 1450
actions ordinaires. |
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 |
987,626 |
-6.93 |
1,061,148 |
-5.34 |
1,120,982 |
-3.85 |
1,165,896 |
-0.78 |
1,175,049 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
963,874 |
-3.26 |
996,396 |
18.72 |
839,271 |
-3.27 |
867,602 |
-9.92 |
963,184 |
|
Land & building |
434,653 |
-4.27 |
454,050 |
-4.10 |
473,447 |
-2.73 |
486,710 |
8.78 |
447,444 |
|
Plant & machinery |
208,052 |
-0.88 |
209,891 |
46.23 |
143,532 |
-20.98 |
181,636 |
-34.78 |
278,517 |
|
Furniture & Vehicles |
321,170 |
-3.39 |
332,455 |
49.56 |
222,291 |
11.56 |
199,255 |
-16.00 |
237,223 |
|
Leasing & Other Similar |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
23,752 |
-63.32 |
64,752 |
-77.01 |
281,712 |
-5.56 |
298,294 |
40.79 |
211,864 |
|
Total current assets |
212,714,877 |
3.45 |
205,614,895 |
-4.56 |
215,427,819 |
5.93 |
203,368,155 |
-3.03 |
209,722,285 |
|
Inventories |
45,465,088 |
1.18 |
44,937,034 |
-6.62 |
48,121,180 |
32.92 |
36,202,683 |
-14.86 |
42,522,815 |
|
Raw materials & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
45,465,088 |
1.18 |
44,937,034 |
-6.62 |
48,121,180 |
32.92 |
36,202,683 |
-14.86 |
42,522,815 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
41,957,029 |
-11.07 |
47,178,438 |
2.20 |
46,164,307 |
14.98 |
40,148,666 |
-26.13 |
54,352,474 |
|
Other amounts receivable |
76,563,181 |
102 |
37,810,569 |
5.68 |
35,778,733 |
40.14 |
25,530,465 |
403 |
5,066,982 |
|
Cash |
11,048,257 |
42.77 |
7,738,538 |
27.16 |
6,085,599 |
155 |
2,378,278 |
-85.42 |
16,316,189 |
|
Miscellaneous current |
37,681,322 |
-43.97 |
67,250,316 |
-13.98 |
78,178,000 |
-20.23 |
98,008,063 |
8.46 |
90,363,825 |
|
assets |
|
|
|
|
|
|
|
|
|
|
Total Assets |
213,702,503 |
3.40 |
206,676,043 |
-4.56 |
216,548,801 |
5.87 |
204,534,051 |
-3.02 |
210,897,334 |
LIABILITIES
|
Total shareholders equity |
148,678,773 |
6.44 |
139,681,211 |
1.11 |
138,150,077 |
8.08 |
127,821,208 |
7.62 |
118,768,733 |
|
Issued share capital |
1,250,000 |
0 |
1,250,000 |
0 |
1,250,000 |
0 |
1,250,000 |
0 |
1,250,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
147,428,773 |
6.50 |
138,431,211 |
1.12 |
136,900,077 |
8.16 |
126,571,208 |
7.70 |
117,518,733 |
|
Provisions for Liabilities & |
0 |
-100 |
1,224,994 |
0 |
1,224,994 |
0 |
1,224,994 |
0 |
1,224,994 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
65,023,730 |
-1.13 |
65,769,838 |
-14.78 |
77,173,731 |
2.23 |
75,487,850 |
-16.96 |
90,903,608 |
|
Other long term loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
0 |
-100 |
1,224,994 |
0 |
1,224,994 |
0 |
1,224,994 |
0 |
1,224,994 |
|
Current portion of long term |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
40,189,703 |
1.45 |
39,613,800 |
-3.81 |
41,183,444 |
-15.86 |
48,943,876 |
-24.25 |
64,609,440 |
|
Trade creditors |
22,757,954 |
-4.83 |
23,912,176 |
-29.26 |
33,804,998 |
55.14 |
21,789,784 |
-9.70 |
24,130,705 |
|
Amounts Payable for Taxes, |
2,026,958 |
8.97 |
1,860,102 |
2.62 |
1,812,689 |
16.10 |
1,561,261 |
-15.67 |
1,851,279 |
|
Remuneration & Social |
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current |
49,114 |
-87.20 |
383,760 |
2.99 |
372,600 |
-88.33 |
3,192,930 |
922 |
312,184 |
|
liabilities |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
65,023,730 |
-1.13 |
65,769,838 |
-14.78 |
77,173,731 |
2.23 |
75,487,850 |
-16.96 |
90,903,608 |
|
Total Liabilities |
213,702,503 |
3.40 |
206,676,043 |
-4.56 |
216,548,801 |
5.87 |
204,534,051 |
-3.02 |
210,897,334 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
6.84 |
-7.44 |
7.39 |
-6.34 |
7.89 |
-11.45 |
8.91 |
-3.26 |
9.21 |
|
Return on capital employed |
8.09 |
-18.12 |
9.88 |
0.51 |
9.83 |
-22.78 |
12.73 |
-11.17 |
14.33 |
|
Return on total assets employed |
5.63 |
-16.47 |
6.74 |
6.48 |
6.33 |
-21.17 |
8.03 |
-1.47 |
8.15 |
|
Return on net assets employed |
8.09 |
-18.86 |
9.97 |
0.50 |
9.92 |
-22.80 |
12.85 |
-11.26 |
14.48 |
|
Sales / net working capital |
1.19 |
-11.85 |
1.35 |
7.14 |
1.26 |
-12.50 |
1.44 |
-8.28 |
1.57 |
|
Stock turnover ratio |
25.85 |
8.43 |
23.84 |
-13.97 |
27.71 |
41.23 |
19.62 |
-13.83 |
22.77 |
|
Creditor days |
51.23 |
2.93 |
49.77 |
-35.59 |
77.27 |
64.86 |
46.87 |
-10.28 |
52.24 |
|
Debtor days |
87.07 |
-4.71 |
91.37 |
-5.83 |
97.03 |
22.14 |
79.44 |
-25.21 |
106.22 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
3.27 |
4.47 |
3.13 |
12.19 |
2.79 |
3.72 |
2.69 |
16.45 |
2.31 |
|
Liquidity ratio / acid ratio |
2.57 |
5.33 |
2.44 |
12.44 |
2.17 |
-1.81 |
2.21 |
20.11 |
1.84 |
|
Current debt ratio |
0.44 |
-6.38 |
0.47 |
-16.07 |
0.56 |
-5.08 |
0.59 |
-23.38 |
0.77 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
9,164,665 |
-14.26 |
10,689,113 |
1.94 |
10,485,424 |
-14.52 |
12,266,006 |
-6.76 |
13,155,267 |
|
Net worth |
148,678,773 |
6.44 |
139,681,211 |
1.11 |
138,150,077 |
8.08 |
127,821,208 |
7.62 |
118,768,733 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
27.03 |
-4.69 |
28.36 |
-4.86 |
29.81 |
-22.15 |
38.29 |
-29.61 |
54.40 |
|
Equity in percentage |
69.57 |
2.94 |
67.58 |
5.92 |
63.80 |
2.10 |
62.49 |
10.96 |
56.32 |
|
Total debt ratio |
0.44 |
-8.33 |
0.48 |
-15.79 |
0.57 |
-5.00 |
0.60 |
-23.08 |
0.78 |
|
Working capital |
147,691,148 |
5.61 |
139,845,057 |
1.15 |
138,254,088 |
8.11 |
127,880,306 |
7.63 |
118,818,678 |
PROFIT & LOSS
|
Operating Income |
176,033,359 |
-6.73 |
188,738,962 |
8.57 |
173,834,473 |
-5.90 |
184,725,700 |
-1.18 |
186,924,107 |
|
Turnover |
175,877,890 |
-6.67 |
188,456,935 |
8.52 |
173,661,802 |
-5.86 |
184,474,523 |
-1.23 |
186,763,148 |
|
Total operating expenses |
162,141,364 |
-7.54 |
175,354,976 |
9.81 |
159,685,451 |
-5.90 |
169,702,871 |
0.65 |
168,603,494 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
162,296,833 |
-7.60 |
175,637,003 |
9.87 |
159,858,122 |
-5.94 |
169,954,048 |
0.70 |
168,764,453 |
|
Employee costs |
2,708,759 |
3.48 |
2,617,715 |
-0.16 |
2,621,864 |
-3.08 |
2,705,281 |
-0.09 |
2,707,801 |
|
Wages and salary |
2,030,955 |
2.42 |
1,983,017 |
0.31 |
1,976,834 |
-3.54 |
2,049,390 |
0.60 |
2,037,143 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security |
482,154 |
1.64 |
474,386 |
-0.08 |
474,749 |
-6.07 |
505,431 |
-1.18 |
511,480 |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
195,651 |
22.04 |
160,312 |
-5.85 |
170,281 |
13.17 |
150,460 |
-5.48 |
159,178 |
|
Director remuneration |
852,600 |
103 |
420,000 |
1.94 |
412,000 |
-33.68 |
621,250 |
1.35 |
613,000 |
|
Amortization and |
167,103 |
5.78 |
157,978 |
0.91 |
156,555 |
-26.68 |
213,531 |
-11.52 |
241,331 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
13,736,526 |
4.84 |
13,101,958 |
-6.26 |
13,976,351 |
-5.38 |
14,771,652 |
-18.66 |
18,159,654 |
|
Total financial income |
7,805,483 |
-1.53 |
7,927,011 |
28.85 |
6,151,999 |
-42.49 |
10,697,289 |
185 |
3,743,815 |
|
Total financial expenses |
9,516,366 |
34.01 |
7,101,452 |
10.49 |
6,426,975 |
-28.89 |
9,038,639 |
91.84 |
4,711,545 |
|
Results on ordinary |
12,025,644 |
-13.66 |
13,927,518 |
1.65 |
13,701,375 |
-16.61 |
16,430,302 |
-4.43 |
17,191,925 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Results on ordinary |
12,025,644 |
-13.66 |
13,927,518 |
1.65 |
13,701,375 |
-16.61 |
16,430,302 |
-4.43 |
17,191,925 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
36,982 |
126 |
16,341 |
-92.12 |
207,421 |
1865 |
10,555 |
-64.59 |
29,813 |
|
Extraordinary Charges |
6,755 |
590 |
978 |
- |
- |
- |
805 |
-46.30 |
1,499 |
|
Extraordinary items |
30,227 |
96.76 |
15,362 |
-92.59 |
207,421 |
2027 |
9,750 |
-65.56 |
28,314 |
|
Results for the Year Before |
12,055,871 |
-13.53 |
13,942,881 |
0.25 |
13,908,796 |
-15.40 |
16,440,052 |
-4.53 |
17,220,239 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
3,058,309 |
-10.36 |
3,411,746 |
-4.70 |
3,579,927 |
-18.41 |
4,387,577 |
1.89 |
4,306,303 |
|
Results on ordinary |
8,967,335 |
-14.72 |
10,515,772 |
3.90 |
10,121,448 |
-15.95 |
12,042,725 |
-6.54 |
12,885,622 |
|
operations after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
8,997,562 |
-14.56 |
10,531,135 |
1.96 |
10,328,869 |
-14.30 |
12,052,475 |
-6.67 |
12,913,936 |
|
Profit (Loss) for the Year to be appropiated
|
8,997,562 |
-14.56 |
10,531,135 |
1.96 |
10,328,869 |
-14.30 |
12,052,475 |
-6.67 |
12,913,936 |
|
Dividends |
- |
- |
9,000,000 |
- |
- |
- |
3,000,000 |
- |
- |
|
Social
Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2014 |
|
|
Full-time Employees |
24 |
|
Part-time Employees |
4 |
|
Total Fte Employees |
27 |
|
Number of hours worked |
|
|
Full-time Employees |
37,852 |
|
Part-time Employees |
4,936 |
|
Total |
42,788 |
|
Personnel Charges |
|
|
Full-time Employees |
2,395,718 |
|
Part-time Employees |
313,041 |
|
Total |
2,708,759 |
|
Benefits In Addition To Wages |
26,541 |
|
During the previous reporting year |
|
|
Average number employees in Fte |
28 |
|
Actual working hours |
43,685 |
|
Personnel Charges |
2,617,715 |
|
Benefits In Addition To Wages |
38,212 |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
23 |
3 |
26 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
Gender
and EducationLevel
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
Higher education (non university) |
5 |
- |
5 |
|
Higher education (university) |
2 |
- |
2 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
7 |
2 |
9 |
|
Higher education (non university) |
7 |
1 |
8 |
|
Higher education (university) |
2 |
- |
2 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
23 |
3 |
26 |
|
Blue collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
|
Temporary personnel |
Total |
|
Average number of temporary staff |
1 |
|
Actual working hours |
2,268 |
|
Cost of temporary staff |
83,979 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
19 |
6 |
19 |
|
Leavers |
20 |
7 |
21 |
|
Total of formal 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 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 46412
Activity
description Wholesale of household
textiles and bedding
industry
average credit
rating 61.77
Industry
average credit limit 22031
|
PAYMENT
INFORMATION SUMMARY |
|
|
Total number of Invoices available |
79 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
75 |
|
Total number of Invoices paid more
than 30 days after the due date |
3 |
|
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 |
1 |
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT EXPECTATIONS |
|
|
Payment expectation days |
51.23 |
|
Day sales outstanding |
87.07 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46412 |
|
Activity description |
Wholesale of household textiles and
bedding |
|
Industry average payment |
104.80 |
|
Industry average day sales outstanding |
98.67 |
PAYMENT
EXPECTATIONS
Company
result 51.23
Lower
117.45
Median
51.23
Upper
22.15
DAY
SALES OUTSTANDING
Company
result 87.07
Lower
93.47
Median 48.47
Upper
16.97
SUMMARY
Group
- Number of Companies 5
Linkages
- Number of Companies 1
Number
of Countries 1
GROUP STRUCTURE
|
Company
name |
Number |
Latest
financials |
|
|
|
|
|
- K FINANCE COORDINATION & SERVICES
SA |
448586002 |
31-12-2014 |
|
- - ADMIRO SA |
412443010 |
31-12-2014 |
|
- - CHEMITEX SA |
407685456 |
31-12-2014 |
|
- - - K HOLDING SA |
438632812 |
31-12-2005 |
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 5
Linkages
- Number of Companies 1
Number
of Countries 1
LINKED COMPANIES
|
NAME |
NUMBER |
LATEST
KEY FINANCIALS |
TURNOVER |
|
BELGIAN LAND SA |
525728320 |
31.12.2014 |
-- |
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
CURRENT DIRECTOR DETAILS
|
Position |
Managing Director |
|
Start Date |
21/10/2002 |
|
Date of birth |
15/02/1940 |
|
Street |
52 AVENUE DU GUI BRUXELLES |
|
Post code |
1180 |
|
Country |
Belgium |
|
Name |
Adnan Kandiyoti |
|
Name |
Erol Kandiyoti |
|
Position |
Managing Director |
|
Start Date |
21/10/2002 |
|
Date of birth |
28/02/1948 |
|
Street |
17 AVENUE DES CHRYSANTHÈMES RHODE-SAINT-GENESE |
|
Post code |
1640 |
|
Country |
Belgium |
|
Name |
Metin Kandiyoti |
|
Position |
Managing Director |
|
Start Date |
21/10/2002 |
|
Date of birth |
29/01/1944 |
|
Street |
59 AVENUE KLEBER |
|
Post code |
75016 |
|
Country |
France |
|
Name |
Igal Kandiyoti |
|
Position |
Director |
|
Start Date |
30/11/2007 |
|
Date of birth |
01/08/1970 |
|
Street |
30 AVENUE DE LA PETITE ESPINETTE
BRUXELLES |
|
Post code |
1180 |
|
Country |
Belgium |
|
Name |
Ralfi Kandiyoti |
|
Position |
Director |
|
Start Date |
30/11/2007 |
|
Date of birth |
05/10/1972 |
|
Street |
5 RUE JOSEPH STALLAERT BRUXELLES |
|
Post code |
1050 |
|
Country |
Belgium |
|
Name |
Claude Kandiyoti |
|
Position |
Director |
|
Start Date |
30/11/2007 |
|
Date of birth |
22/08/1972 |
|
Street |
21 RUE JEAN-BAPTISTE MEUNIER BRUXELLES |
|
Post code |
1050 |
|
Country |
Belgium |
FORMER DIRECTOR DETAILS
------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
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.