MIRA INFORM REPORT

 

 

Report No. :

350726

Report Date :

25.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TOTAL PETROCHEMICALS & REFINING SA NV SA

 

 

Registered Office :

Rue  De  L'industrie  52, 1040 Bruxelles

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

25.02.1920

 

 

Com. Reg. No.:

403079441

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacturer of Refined Petroleum Products.

 

 

No. of Employees :

534

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 


Company summary

 

Business  Number

403079441

Branche  Unit  Number

2004932392

Company  Name

TOTAL  PETROCHEMICALS  &  REFINING  SA/NV  SA

Address

Rue  De  L'industrie  52, 1040 Bruxelles

Number  of  Staff

534

Date  of  Establishment

25/02/1920

Telephone  Number

022889111

Fax  Number

022883610

 

 

Commentary

 

The business was established over 95 years ago.

The business has 534 employees.

The business is part of a group.

The business has been at the address for over 19 years.

Working Capital is a negative amount during the latest trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

23,749,369,702

-62,134,744

5,498,488,993

-1,513,289,569

31/12/2013

26,826,688,541

-134,289,500

5,568,489,763

147,339,926

31/12/2012

28,982,689,791

30,083,218

5,712,023,639

293,586,483

 

 

 

 

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

12,144,425,842

534

1,087,884,500

-58,896,908

31/12/2013

14,126,214,479

533

1,087,884,500

-131,222,786

31/12/2012

14,385,716,648

521

1,087,884,500

1,240,521,450

 

 

Payment expectations

 

Past payments

 

Payment expectation days

37.30

 

Industry average payment expectation days

66.73

Industry average day sales outstanding

64.61

 

Day sales outstanding

1.56

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

no

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  Number

403079441

Company  Name

TOTAL  PETROCHEMICALS &  REFINING  SA/NV  SA

Fax  Number

022883610

Date  Founded

25/02/1920

Company  Status

active

Company  Type

Public  limited  company

Currency

Euro  (€)

Date  of  Latest  Accounts

31/12/2014

Activity  Code

19200

Liable  For  VAT

Yes

Activity  Description

Manufacture  of  refined petroleum  products

Vat  Number

BE.0403.079.441  Check  VAT Number

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Joint Industrial Committee (JIC)

 

JIC Code                      211

Description                  Joint committee for the employees in the oil industry and trade

category

 

Significant Events

 

Event Date                    26/06/2015

Event Description         resignation-appointment of director(s)

Event Details                Commentaire 26-06-2015: Election définitive de Michel Charton et Philippe Sauquet

comme administrateurs.

 

 


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

11,032,220,200

-0.08

11,041,210,564

-0.01

11,041,898,930

-1.01

11,154,851,776

0.11

11,143,131,871

Intangible fixed assets

7,529,457

-30.11

10,773,220

-26.14

14,585,530

-2.70

14,990,604

47.28

10,177,981

Tangible fixed assets

8,535,580

-22.01

10,944,467

-18.66

13,454,493

-18.94

16,597,866

-14.34

19,376,029

Land & building

1,811,029

-1.00

1,829,275

-15.75

2,171,277

4.70

2,073,777

46.70

1,413,635

Plant & machinery

0

-

0

-

0

-

0

-

0

Furniture & Vehicles

4,525,738

-19.35

5,611,582

-14.09

6,531,683

-14.23

7,615,729

-27.83

10,553,095

Leasing & Other Similar Rights

0

-

0

-

0

-

0

-

0

Other tangible assets

2,198,814

-37.24

3,503,610

-26.26

4,751,533

-31.22

6,908,360

-6.76

7,409,300

Financial fixed assets

11,016,155,162

-0.03

11,019,492,877

0.05

11,013,858,907

-0.98

11,123,263,306

0.09

11,113,577,861

Total current assets

1,112,205,642

-63.95

3,085,003,916

-7.74

3,343,817,718

-3.74

3,473,610,553

15.44

3,009,025,277

Inventories

623,899,591

-7.63

675,433,151

-7.81

732,641,146

-1.81

746,144,119

8.06

690,507,507

Raw materials

&

consumables

283,087,503

-20.01

353,890,505

-11.51

399,932,670

13.72

351,687,452

3.09

341,159,818

Work in progress

0

-

0

-

0

-

0

-

0

 

Finished goods

340,812,088

5.99

321,542,646

-3.36

332,708,476

-15.65

394,456,667

12.91

349,347,689

Other stocks

0

-

0

-

0

-

0

-

0

Trade debtors

101,768,201

-95.17

2,106,799,558

-10.04

2,341,870,743

-7.30

2,526,226,890

18.38

2,134,064,991

Other

amounts

receivable

232,701,225

-14.95

273,593,609

14.04

239,910,520

38.34

173,426,941

 

181,294,417

Cash

125,885,050

-

0

-100

200,602

-27.99

278,573

65.84

167,973

Miscellaneous current assets

27,951,575

0.93

27,693,112

-0.03

27,702,329

0.61

27,534,031

820

2,990,389

Total Assets

12,144,425,842

-14.03

14,126,214,479

-1.80

14,385,716,648

-1.66

14,628,462,329

3.37

14,152,157,148

LIABILITIES

Total

shareholders equity

5,506,018,451

-1.31

5,579,262,983

-2.57

5,726,609,169

27.27

4,499,521,276

-5.80

4,776,690,378

Issued share capital

1,087,884,500

0

1,087,884,500

0

1,087,884,500

0

1,087,884,500

0

1,087,884,500

Share

premium

account

705,856,682

0

705,856,682

0

705,856,682

0

705,856,682

0

705,856,682

Revaluation reserve

0

-

0

-

0

-

0

-

0

Reserves

3,712,277,268

-1.93

3,785,521,801

-3.75

3,932,867,987

45.35

2,705,780,094

-9.29

2,982,949,196

Provisions for Liabilities & Charges

12,912,181

39.03

9,287,507

4.63

8,876,244

-62.30

23,545,208

-27.54

32,494,364

Deffered taxes

0

-

0

-

0

-

0

-

0

Creditors

6,625,495,211

-22.40

8,537,663,990

-1.30

8,650,231,235

-14.40

10,105,395,845

8.16

9,342,972,406

 

 

 

 

 

 

 

 

 

 

Other long term loans

4,000,000,000

-28.57

5,600,000,000

0

5,600,000,000

-

0

-

0

Long term group loans

-

-

-

-

-

-

-

-

-

Other long term liabilities

0

-

0

-

0

-

0

-

0

Total long term debts

4,012,912,181

-28.46

5,609,287,507

0.01

5,608,876,244

23721

23,545,208

-27.54

32,494,364

 

Current portion of long term debt

31,452

0

31,452

0

31,452

0

31,452

0

31,452

Financial debts

0

-100

590,624

-

0

-100

128,997

-94.89

2,523,290

Trade creditors

2,428,100,617

-5.02

2,556,529,098

1.66

2,514,870,102

16.86

2,152,074,456

8.85

1,977,115,752

Amounts payable for taxes, remuneration & social security

12,354,891

-17.01

14,887,794

-78.42

68,998,499

-14.93

81,104,441

29.97

62,401,075

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-0.26

52.00

-0.50

-600

0.10

9.80

-1.02

-884

0.13

Return  on  capital  employed

-0.65

54.17

-1.20

-544

0.27

4.55

-5.93

-1122

0.58

Return  on  total  assets  employed

-0.51

53.68

-0.95

-552

0.21

11.48

-1.83

-1015

0.20

Return  on  net  assets  employed

-1.13

46.89

-2.41

-554

0.53

8.89

-5.96

-1110

0.59

Sales  /  net  working  capital

-15.69

-108

182.07

84.43

98.72

2480

-3.98

-20.61

-3.30

Stock  turnover  ratio

2.63

4.37

2.52

-0.40

2.53

-10.60

2.83

-14.24

3.30

Creditor  days

37.30

7.52

34.69

9.40

31.71

7.16

29.59

-14.55

34.63

Debtor  days

1.56

-94.56

28.66

-2.81

29.49

-15.67

34.97

-6.10

37.24

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

0.42

-60.0

1.05

-4.55

1.10

223

0.34

6.25

0.32

Liquidity  ratio  /  acid  ratio

0.19

-76.83

0.82

-4.65

0.86

218

0.27

8.00

0.25

Current  debt  ratio

0.48

-9.43

0.53

0

0.53

-76.44

2.25

14.80

1.96

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

-58,896,908

44.88

-131,222,786

-110

1,240,521,450

478

-259,017,372

-764

38,964,383

Net  worth

5,498,488,993

-1.26

5,568,489,763

-2.51

5,712,023,639

27.37

4,484,530,672

-5.92

4,766,512,397

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

72.65

-27.63

100.38

2.65

97.79

-

0.00

-100

0.05

Equity  in  percentage

45.37

14.77

39.53

-0.80

39.85

29.43

30.79

-8.85

33.78

Total  debt  ratio

1.21

-20.92

1.53

1.32

1.51

-32.89

2.25

14.80

1.96

Working  capital

-1,513,289,569

-1127

147,339,926

-49.81

293,586,483

4.43

-6,631,785,292

-4.70

-6,333,947,128

 

 

PROFIT & LOSS

 

Operating

23,961,433,264

-11.41

27,049,027,666

-7.05

29,102,006,636

9.57

26,559,468,948

25.87

21,099,882

Income

 

 

 

 

 

 

 

 

 

Turnover

23,749,369,702

-11.47

26,826,688,541

-7.44

28,982,689,791

9.93

26,363,952,709

26.05

20,915,818

Total

23,763,242,549

-11.67

26,902,633,179

-7.07

28,948,127,395

9.06

26,542,550,719

27.38

20,837,011

Operating expenses

 

 

 

 

 

 

 

 

 

Gross Operating Margin

-

-

-

-

-

-

-

-

-

Operating Charges

23,975,306,110

-11.61

27,124,972,305

-6.68

29,067,444,241

8.71

26,738,066,958

27.20

21,021,074

Employee costs

75,530,306

-22.91

97,974,798

17.71

83,234,652

8.34

76,829,217

0.74

76,263,490

Wages and salary

44,711,558

-5.79

47,461,320

1.01

46,985,973

-1.82

47,855,853

-1.05

48,364,817

Employee pension costs

-

-

-

-

-

-

-

-

-

Social security contributions

13,285,505

-16.17

15,849,056

12.90

14,037,690

-1.04

14,185,820

-2.17

14,500,567

Other employee costs

17,533,243

^9.42

34,664,422

56.07

22,210,988

50.20

14,787,544

10.37

13,398,106

Director remuneration

-

-

-

-

-

-

-

-

-

Amortization and depreciation

6,970,714

-19.95

8,707,422

0.30

8,680,970

0.28

8,656,963

15.71

7,481,335

Operating result

-13,872,847

18.27

-75,944,638

-319

34,562,396

19.35

-178,598,010

-326

78,807,621

Total financial income

2,745,600

75.67

1,562,969

-98.12

82,999,812

525

13,274,636

327

3,102,125

Total financial expenses

51,007,498

-14.86

59,907,830

-31.52

87,478,989

-15.03

102,952,703

91.39

53,793,014

Results on ordinary operations before taxation

-62,134,744

46.27

-134,289,500

-546

30,083,218

11.21

-268,276,078

-1054

28,116,732

Extraordinary Income

57,700,368

11775585187

0

-99

1,194,932,532

12258

9,668,846

26.48

7,644,428

Extraordinary Charges

59,793,166

4891

1,197,781

490

-243,976

-105

4,558,079

10.58

4,121,804

Extraordinary items

-2,092,798

-74.72

-1,197,781

-100

1,195,176,509

23285

5,110,767

45.08

3,522,624

Results for the year before taxation

-64,227,542

47.40

-135,487,281

-111

1,225,259,727

465

-263,165,311

-931

31,639,356

Other appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,640,080

-63.09

4,442,927

67.51

-6,580,752

-245

4,509,024

2784

156,308

Results  on  ordinary  operations  after  taxation

-63,774,824

45.97

-138,732,427

-478

36,663,971

13.44

-272,785,102

-1075

27,960,424

Net  result

-65,867,622

47.07

-139,930,208

-111

1,231,840,479

460

-267,674,335

-950

31,483,048

Profit  (Loss)  for  the  Year  to  be  appropiated

-65,867,622

47.07

-139,930,208

-111

1,231,840,479

460

-267,674,335

-950

31,483,048

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social balance sheet details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

485

Part-time  Employees

63

Total  Fte  Employees

534

 

 

Number  of  hours  worked

 

Full-time  Employees

756,397

Part-time  Employees

66,639

Total

823,036

 

 

Personnel  Charges

 

Full-time  Employees

71,376,139

Part-time  Employees

4,154,167

Total

75,530,306

Benefits  In  Addition  To  Wages

-

 

 

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

540

Actual  working  hours

835,967

Personnel  Charges

97,974,798

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

473

60

520

Contracts

 

 

 

Limited  Duration  Contracts

8

-

8

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

 

Gender and Education Level

 

Men

Full-Time

 

Part-Time

Total  Fte

Primary  education

4

2

6

Secondairy  education

12

1

13

Higher  education  (non university)

65

3

67

Higher  education (university)

222

1

223

 

 

 

 

Women

Full-Time

 

Part-Time

Total  Fte

Primary  education

1

1

2

Secondairy  education

15

2

17

Higher  education  (non university)

70

38

100

Higher  education (university)

92

12

101

 

 

Working  Category

Full-Time

 

Part-Time

Total  Fte

Management

6

-

6

White  collar  worker

475

60

522

Blue  collar  worker

-

-

-

Other

-

-

-

 

 

 

 

Temporary  personnel

 

Total

 

 

Average  number  of  temporary  staff

 

12

 

Actual  working  hours

 

22,796

 

Cost  of  temporary  staff

 

920,296

 

 

 

 

 

New  staff  and  leavers

Full-Time

 

Part-Time

Total  Fte

New  Starters

54

1

55

Leavers

54

7

60

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

 

Female

Number  of  employees

244

191

Number  of  training  hours

6,906

4,159

Net  costs  for  enterprise

1,088,813

726,499

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

 

Female

Number  of  employees

82

71

Number  of  training  hours

403

331

Net  costs  for  enterprise

44,411

36,476

 

Industry comparison

 

Activity code

19200

Activity description

Manufacturer of refined petroleum products.

 

Payment expectations

 

Industry comparison

 

Activity code

19200

Activity description

Manufacturer of refined petroleum products.

Industry average payment expectation days

66.73

Industry average day sales outstanding

64.61

 

Industry quartile analysis

 

Payment expectations

 

Company result

37.30

Lower

71.07

Median

35.91

Upper

24.83

 

 

Day sales outstanding

 

Company result

1.56

Lower

74.71

Median

48.30

Upper

23.68

 

 

Shareholder details

 

Group Structure

 

Company  Name

Number

Latest Financials

- TOTAL  PETROCHEMICALS  &  REFINING  SA/NV  SA

403079441

31-12-2014

- - ARISTEA  SA

460156518

31-12-2014

- - - FINA  CONGO  SARLS  S.ETR.

 

 

- - - TFCS  ETR

 

 

- - COPARTAL  SA

885632170

31-12-2011

- - ETMOFINA  SA

403062219

31-12-2014

- - FELUY  IMMOBATI  SA

437305593

31-12-2014

- - PIPELINE  ROTTERDAM  ANVERS  (BELGIQUE)  SA

406960530

31-12-2014

- - TOTAL  FINANCE  GLOBAL  SERVICES  SA

427980430

31-12-2014

- - TOTAL  OLEFINS  ANTWERP  NV

433181610

31-12-2014

- - TOTAL  PENSIONS  BELGIUM  SA

441963672

31-12-2013

- - TOTAL  PETROCHEMICALS  DEVELOPMENT  FELUY  S...

874422435

31-12-2014

- - TOTAL  PETROCHEMICALS  ECAUSSINNES  SA

466813884

31-12-2014

- - TOTAL  PETROCHEMICALS  ELASTOMERS  NV

476293259

31-12-2008

- - - ATOFINA  ELASTOMERS  OSTEREICH

 

 

- - TOTAL  PETROCHEMICALS  FELUY  SA

416670824

31-12-2014

- - TOTAL  POLYMERS  ANTWERP  NV

433182895

31-12-2014

- - TOTAL  RAFFINADERIJ  ANTWERPEN  NV

404586901

31-12-2014

- - TOTAL  RESEARCH  &  TECHNOLOGY  FELUY  SA

438021316

31-12-2014

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interest found

 

 

Companies That Match This Address

 

Business  Number

 

Company  Name

Date  of  Accounts

424619775

RESILIUM  NV

31/12/2014

885632170

COPARTAL  SA

31/12/2011

476305533

PHOTOVOLTECH  NV

31/12/2012

833124288

SUNPOWER  SYSTEMS  BELGIUM  SPRL

31/12/2014

456998375

SIPARTEX  SA

31/12/2006

437305593

FELUY  IMMOBATI  SA

31/12/2014

403062219

ETMOFINA  SA

31/12/2014

454182803

FINA  EXPLORATION  NORWAY  NV

31/12/2006

441963672

TOTAL  PENSIONS  BELGIUM  SA

31/12/2013

409077803

CAISSE  AUTONOME  DU  GROUPE  TOTAL  (BELGIQUE)  ASBL

-

460156518

ARISTEA  SA

31/12/2014

553775374

TOTAL  GLOBAL  SERVICES  BELGIUM  SA

31/12/2014

476293259

TOTAL  PETROCHEMICALS  ELASTOMERS  NV

31/12/2008

832912274

TENESOL  BELGIUM  SPRL

31/12/2013

427980430

TOTAL  FINANCE  GLOBAL  SERVICES  SA

31/12/2014

409196874

CERCLE  SPORTIF  DU  GROUPE  TOTAL  (BELGIQUE)  ASBL

-

641827620

TOTAL  PENSION  FUND  BELGIUM  OFP

-

 

Summons

 

 

 

Legal  event  type

Social  Security  Summons

 

Event  date

20/06/2013

 

Court  type

Court  name

Brussel

Creditor's  name

3rd  party  type

 

 

 

 

Legal  event  type

Social  Security  Summons

 

Event  date

16/05/2013

 

Court  type

Court  name

Brussel

Creditor's  name

3rd  party  type

 

 

 

 

Legal  event  type

Social  Security  Summons

 

Event  date

17/10/2002

 

Court  type

 

Court  name

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

Managing  Director

Start  Date

06/11/2014

Street

14 RUE  RAYNOUARD

Post  code

75016

Country

France

 

 

Name

PHILIPPE  SAUQUET

Position

Director

Start  Date

06/11/2014

Street

14 RUE  RAYNOUARD

Post  code

75016

Country

France

 

 

Name

CHRISTINE  HEIN

Position

Director

Start  Date

28/09/2015

 

 

Name

Michel  Charton

Position

Director

Start  Date

24/09/2014

Country

France

 

 

Name

JEAN-JACQUES  MOSCONI

Position

Director

Start  Date

21/11/2013

Street

97 RUE  MONGE

Post  code

75005

Country

France

 

 

Name

Nathalie  Brunelle

Position

Director

Start  Date

21/11/2013

Street

39 RUE  DES  TENNEROLLES

Post  code

92210

Country

France

 

 

Name

BERTRAND  DEROUBAIX

Position

Director

Start  Date

21/11/2013

Country

France

 

Name

MICHEL  BENEZIT

Position

Director

Start  Date

23/06/2006

Street

32 Boulevard  Victor  Hugo  Neuilly-sur-Seine

Post  code

 

Country

France

 

 

CURRENT  MANDATES  IN  OTHER  COMPANIES

 

Name

INNOVATION  FUND  SA

Business  number

598764469

Position

Director

Start  Date

10/02/2015

 

 

Name

PLASTICSEUROPE  AISBL

Business  number

416155338

Position

Director

Start  Date

21/09/2012

 

 

FORMER  DIRECTOR  DETAILS

 

Name

PATRICK  POUYANNE

Position

Managing  Director

Start  Date

01/01/2012

End  Date

06/11/2014

Street

2 AVENUE  JEAN  RACINE

Post  code

92330

Country

France

 

 

Position

Director

Start  Date

24/06/2011

End  Date

06/11/2014

Street

2 AVENUE  JEAN  RACINE

Post  code

92330

Country

France

 

 

Name

François  Cornelis

Position

Managing  Director

Start  Date

11/05/1990

End  Date

31/12/2011

Street

9 Konijnendreef  Knokke-Heist

Post  code

8300

Country

Belgium

 

 

Position

Director

Start  Date

12/05/1986

End  Date

31/10/2014

Street

9 Konijnendreef  Knokke-Heist

Post  code

8300

Country

Belgium

 

 

Name

Denis  Toulouse

Position

Director

Start  Date

25/04/2013

End  Date

28/09/2015

Street

9 AVENUE  DE  GRANDCHAMP

Post  code

78230

Country

France

 

Name

Xavier  Bontemps

Position

Director

Start  Date

21/11/2013

End  Date

24/09/2014

Street

21 RUE  DE  FLEURUS

Post  code

75006

Country

France

 

 

Name

CHRISTINE  SOUCHET

Position

Director

Start  Date

10/05/2012

End  Date

25/04/2013

Street

10 BERTEAUX  DUMAS

Post  code

92200

Country

France

 

 

Name

CHARLES  PARIS  DE  BOLLARDIERE

Position

Director

Start  Date

13/05/2002

End  Date

01/03/2012

Country

France

 

 

Name

Eric  de  Menten  de  Horne

Position

Director

Start  Date

27/06/2008

End  Date

01/03/2012

Date  of  birth

21/11/1949

Street

2 TERVURENLAAN  TERVUREN

Post  code

3080

Country

Belgium

 

 

FORMER  MANDATES  IN  OTHER  COMPANIES

 

Name

BELGOCHLOR

Business  number

538385929

Position

Founder  of  an  unincorporated  entity

Start  Date

01/09/1994

End  Date

01/05/2009

 

 

Name

APPE

Business  number

544188113

Position

Founder  of  an  unincorporated  entity

Start  Date

01/05/1986

End  Date

01/03/2002

 

 

Name

BUREAUX  INTERNATIONAUX  TECHNIQUE

Business  number

538183516

Position

Founder  of  an  unincorporated  entity

Start  Date

01/01/1974

End  Date

01/03/2002


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.38

UK Pound

1

Rs.100.45

Euro

1

Rs.70.55

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

               

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.