MIRA INFORM REPORT

 

 

Report No. :

352399

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

GALLOO NV

 

 

Registered Office :

Wervikstraat 320 8930 Menen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

30.06.1982

 

 

Com. Reg. No.:

422834084

 

 

Legal Form :

Public limited company

 

 

Line of Business :

Subject is engaged in Reclaim of metal waste.

 

 

No. of Employee :

224

 

 

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

 

 

Company summary

 

Business number                     422834084

Branche Unit Number               2020795753

Company name                        GALLOO NV

Address                                   WERVIKSTRAAT 320

8930 MENEN

Number of staff                        224

Date of establishment               30/06/1982

Telephone number                   056521300

Fax number                              056521310

 

 

Commentary

 

The business was established over 33 years ago.

The business has 224 employees.

The business is part of a group.

This business has a foreign parent business.

The business has been at the address for over 25 years.

Operating Result in the latest trading period decreased 37% on the previous trading period.

Pre-tax profits decreased by 109% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 57% during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

437,953,113

-200,147

94,436,783

51,643,542

31/12/2013

423,089,031

2,076,485

92,945,105

58,806,906

31/12/2012

113,054,552

2,165,731

98,531,196

-8,657,306

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

275,005,929

224

2,804,360

10,896,100

31/12/2013

261,186,682

225

2,804,360

12,860,219

31/12/2012

220,750,372

111

2,804,360

49,184,857

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

28.45

Industry  average  payment

91.05

Industry  average  day  sales

96.44

expectation  days

 

outstanding

 

Day  sales  outstanding

49.67

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                --

 

NSSO DETAILS

Date of summons                    

 

 

Company information

 

Business  number

422834084

Company  name

GALLOO  NV

Fax  number

056521310

Date  founded

30/06/1982

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

38322

Liable  for  VAT

yes

Activity  description

Reclaim  of  metal  waste

VAT  Number

BE.0422.834.084  Check  VAT number

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

 


Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

JIC  Code

218

Description

Additional  national  joint  committee  for  the  employees

category

 

JIC  Code

14201

Description

Joint  subcommittee  for  the  recuperation  of  metals

 

 

SIGNIFICANT EVENTS

 

Event Date

02/01/2013

Event Description

 

Event Details

Wijziging van het maatschappelijk doel.

 

 

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

131,383,810

-3.31

135,885,938

-9.16

149,585,924

484

25,584,507

-4.66

26,834,478

Intangible  fixed  assets

7,853,022

-7.40

8,480,627

1964

410,835

-3.91

427,536

-6.24

456,010

Tangible  fixed  assets

40,699,047

-8.69

44,573,570

83.69

24,265,572

74.03

13,943,392

31.68

10,588,892

Land  &  building

21,325,275

-3.12

22,011,144

115

10,203,844

153

4,031,163

-1.02

4,072,801

Plant  &  machinery

9,643,616

-10.09

10,726,415

14.54

9,364,627

12.18

8,347,747

72.70

4,833,725

Furniture  &  Vehicles

4,563,786

-20.51

5,741,403

100

2,857,729

302

710,759

-33.56

1,069,842

Leasing  &  Other  Similar  Rights

4,328,476

-25.95

5,845,668

-

0

-

0

-

0

Other  tangible  assets

837,894

236

248,939

-86.47

1,839,373

115

853,723

39.38

612,524

Financial  fixed  assets

82,831,741

0

82,831,741

-33.69

124,909,516

1013

11,213,579

-28.98

15,789,576

Total  current  assets

143,622,119

14.62

125,300,744

76.07

71,164,448

48.88

47,799,310

41.88

33,688,945

Inventories

57,210,358

21.61

47,045,692

196

15,870,563

70.38

9,314,587

-29.39

13,190,767

Raw  materials  &  consumables

48,023,953

24.37

38,614,693

330

8,960,032

109

4,285,769

-44.97

7,788,020

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

8,254,908

-1.03

8,340,609

20.69

6,910,531

37.42

5,028,818

-6.92

5,402,747

Other  stocks

931,497

930

90,390

-

0

-

0

-

0

Trade  debtors

59,594,552

28.12

46,516,289

125

20,616,255

190

7,097,016

1.75

6,975,132

Other  amounts  receivable

21,423,705

-11.04

24,083,480

-20.77

30,396,586

9.56

27,743,851

142

11,431,803

Cash

1,617,381

-57.71

3,824,661

415

741,947

17.97

628,926

1720

34,539

Miscellaneous  current  assets

3,776,122

-1.42

3,830,623

11.38

3,439,097

22.17

2,814,930

36.87

2,056,704

Total  Assets

275,005,929

5.29

261,186,682

18.32

220,750,372

200

73,383,817

21.25

60,523,422

 

 

LIABILITIES

 

Total  shareholders  equity

102,289,805

0.85

101,425,732

2.51

98,942,032

84.91

53,508,056

11.97

47,785,928

Issued  share  capital

2,804,360

0

2,804,360

0

2,804,360

1031

247,894

0

247,894

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

99,485,445

0.88

98,621,371

2.58

96,137,671

80.51

53,260,163

12.04

47,538,034

Provisions  for  Liabilities  &

2,147,682

8.23

1,984,407

1832

102,661

-87.92

849,632

74.05

488,166

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

170,568,441

8.11

157,776,544

29.64

121,705,679

539

19,026,128

55.32

12,249,329

Other  long  term  loans

78,588,865

-13.91

91,281,705

117

41,883,925

1761

2,250,000

1400

150,000

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

1,000

0

1,000

-

0

-

0

-

0

Total  long  term  debts

80,737,547

-13.43

93,267,112

122

41,986,586

1254

3,099,632

385

638,166

Current  portion  of  long  term

13,444,695

-6.97

14,451,413

45.59

9,926,069

1140

800,000

100

400,000

debt

 

 

 

 

 

 

 

 

 

Financial  debts

2,850,000

0

2,850,000

0

2,850,000

100

1,425,000

-

0

Trade  creditors

33,830,766

-0.07

33,854,970

91.94

17,638,599

45.32

12,137,790

32.62

9,152,555

Amounts  Payable  for  Taxes,

3,062,657

-10.39

3,417,880

109

1,630,719

68.36

968,588

13.37

854,363

Remuneration  &  Social

 

 

 

 

 

 

 

 

 

Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current

38,790,459

225

11,919,576

-75.05

47,776,367

3206

1,444,750

-14.63

1,692,411

liabilities

 

 

 

 

 

 

 

 

 

Total  current  liabilities

91,978,577

38.33

66,493,839

-16.70

79,821,754

375

16,776,128

38.65

12,099,329

Total  Liabilities

275,005,929

5.29

261,186,682

18.32

220,750,372

200

73,383,817

21.25

60,523,422

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

-0.05

-110

0.49

-74.48

1.92

-76.67

8.23

-42.73

14.37

Return  on  capital  employed

-0.11

-110

1.07

-30.52

1.54

-88.84

13.80

-42.38

23.95

Return  on  total  assets  employed

-0.07

-108

0.80

-18.37

0.98

-90.79

10.64

-44.47

19.16

Return  on  net  assets  employed

-0.20

-109

2.05

-6.39

2.19

-85.00

14.60

-39.84

24.27

Sales  /  net  working  capital

8.48

17.94

7.19

55.05

-13.06

-526

3.06

-18.18

3.74

Stock  turnover  ratio

13.06

17.45

11.12

-20.80

14.04

42.97

9.82

-39.94

16.35

Creditor  days

28.45

-4.01

29.64

-49.39

58.56

14.46

51.16

6.32

48.12

Debtor  days

49.67

23.77

40.13

-39.71

66.56

143

27.30

-13.47

31.55

 

SHORT TERM STABILITY

 

Current  ratio

1.56

-17.02

1.88

111

0.89

-68.77

2.85

2.52

2.78

Liquidity  ratio  /  acid  ratio

0.94

-20.34

1.18

71.01

0.69

-69.87

2.29

35.50

1.69

Current  debt  ratio

0.90

36.36

0.66

-18.52

0.81

161

0.31

24.00

0.25

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

10,896,100

-15.27

12,860,219

-73.85

49,184,857

376

10,312,290

-14.16

12,013,148

Net  worth

94,436,783

1.60

92,945,105

-5.67

98,531,196

85.63

53,080,520

12.15

47,329,918

 

LONG  TERM  STABILITY

 

Gearing

92.76

-13.36

107.06

93.81

55.24

560

8.36

626

1.15

Equity  in  percentage

38.29

-4.61

40.14

-10.60

44.90

-38.78

73.34

-7.81

79.55

Total  debt  ratio

1.69

6.96

1.58

28.46

1.23

232

0.37

37.04

0.27

Working  capital

51,643,542

-12.18

58,806,906

679

-8,657,306

-127

31,023,181

43.69

21,589,616

 

 

 

PROFIT & LOSS

 

Operating  Income

445,517,063

4.07

428,108,593

269

115,892,564

21.95

95,035,488

13.72

83,566,516

Turnover

437,953,113

3.51

423,089,031

274

113,054,552

19.15

94,886,139

17.59

80,694,050

Total  operating  expenses

434,104,771

4.12

416,939,604

279

109,936,289

26.96

86,593,181

24.73

69,422,666

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

441,668,722

4.67

421,959,165

274

112,774,302

30.01

86,742,530

19.98

72,295,132

Employee  costs

12,279,941

-10.71

13,753,002

113

6,441,763

37.04

4,700,697

19.45

3,935,252

Wages  and  salary

8,626,340

-10.26

9,612,853

117

4,422,619

38.26

3,198,804

16.74

2,740,139

Employee  pension  costs

24,136

-0.23

24,192

182

8,565

22.09

7,016

102

3,457

Social  security  contributions

2,934,757

-9.17

3,230,976

103

1,585,597

44.48

1,097,452

18.04

929,747

Other  employee  costs

694,708

-21.50

884,980

108

424,982

6.93

397,424

51.74

261,910

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and

9,349,787

-9.61

10,343,880

61.80

6,393,137

39.88

4,570,448

18.34

3,861,986

depreciation

 

 

 

 

 

 

 

 

 

Operating  result

3,848,341

-37.42

6,149,427

97.21

3,118,263

-62.40

8,292,958

-26.42

11,271,384

Total  financial  income

2,665,495

179

953,556

-29.18

1,346,456

342

304,568

-51.83

632,311

Total  financial  expenses

6,713,984

33.57

5,026,499

118

2,298,987

191

787,973

157

305,890

Results  on  ordinary

-200,147

-109

2,076,485

-4.12

2,165,731

-72.27

7,809,554

-32.66

11,597,806

operations  before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

2,661,740

158

1,029,087

-97.49

40,994,501

166488

24,608

-78.32

113,504

Extraordinary  Charges

774,394

543

120,361

21.82

98,806

21.20

81,525

921

7,978

Extraordinary  items

1,887,347

107

908,726

-97.78

40,895,695

71852

-56,916

-153

105,526

Results  for  the  Year  Before Taxation appropriations

1,687,199

-43.48

2,985,210

-93.07

43,061,427

455

7,752,637

-33.76

11,703,332

Taxation

140,886

-69.95

468,871

73.84

269,707

-86.59

2,010,795

-43.40

3,552,711

Results  on  ordinary

-341,034

-121

1,607,614

-15.21

1,896,025

-67.30

5,798,758

-27.92

8,045,094

operations  after  taxation

 

 

 

 

 

 

 

 

 

Net  result

1,546,313

-38.55

2,516,340

-94.12

42,791,720

645

5,741,842

-29.56

8,151,162

Profit  (Loss)  for  the  Year  to be appropiated

1,546,313

-38.55

2,516,481

-93.79

40,541,720

712

4,991,842

-38.76

8,151,162

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

 

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

210

Part-time  Employees

19

Total  Fte  Employees

224

Number  of  hours  worked

 

Full-time  Employees

325,260

Part-time  Employees

20,874

Total

346,134

Personnel  Charges

 

Full-time  Employees

11,516,705

Part-time  Employees

739,100

Total

12,255,805

Benefits  In  Addition  To  Wages

478,333

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

245

Actual  working  hours

382,168

Personnel  Charges

13,728,809

Benefits  In  Addition  To  Wages

441,345

 

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

209

17

221

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

 

 

Gender and Education Level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

32

-

32

Secondairy  education

125

9

132

Higher  education  (non university)

22

-

22

Higher  education (university)

3

-

3

 

Women

 

Full-Time

 

Part-Time

 

Total  Fte

Primary  education

4

2

5

Secondairy  education

16

1

17

Higher  education  (non university)

7

5

11

Higher  education (university)

-

-

-

 

 

 

Working  Category

 

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

51

6

55

Blue  collar  worker

158

11

167

Other

-

-

-

 

 

Temporary  personnel

 

Total

Average  number  of  temporary  staff

10

Actual  working  hours

19,710

Cost  of  temporary  staff

540,365

 

 

 

New  staff  and  leavers

 

Full-Time

Part-Time

Total  Fte

New  Starters

14

-

14

Leavers

16

3

18

 

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

136

25

Number  of  training  hours

1,480

110

Net  costs  for  enterprise

50,411

4,466

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

21

1

Number  of  training  hours

3,410

63

Net  costs  for  enterprise

94,451

3,392

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

38322

Activity  description

Reclaim  of  metal  waste

 

 

Payment Information

 

PAYMENT  INFORMATION  SUMMARY

 

 

Total  number  of  Invoices  available

475

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

366

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

65

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

40

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

4

 

 

SUSPENSION  OF  PAYMENTS  /  MORATORIUM  HISTORY

Amount

-

Details

-

 

 

PAYMENT  EXPECTATIONS

 

Payment  expectation  days

28.45

Day  sales  outstanding

49.67

 

 

INDUSTRY  COMPARISON

 

Activity  code

38322

Activity  description

Reclaim  of  metal  waste

Industry  average  payment

91.05

expectation  days

 

Industry  average  day  sales

96.44

outstanding

 

 

 

Industry quartile analysis

 

PAYMENT EXPECTATIONS

 

Company result            28.45

Lower                           101.11

Median                         56.36

Upper                           31.04

 

 

DAY SALES OUTSTANDING

 

Company result            49.67

Lower                           109.83

Median                         65.22

Upper                           38.29

 

 

Shareholder Details

 

SUMMARY

 

Group - Number of Companies             26

Linkages - Number of Companies        33

Number of Countries                            4

 

 


GROUP STRUCTURE

 

Company  name

 

Number

Latest financials

- GALLOO  HOLDING  NV

405484843

31-12-2014

- - ALMETAL  HOLDING  NV

434340264

31-12-2012

- - - ALMETAL  BEHEER  NV

435331545

31-12-2012

- - - - MOTORMETAL  RECYCLING  NV

441265470

31-12-2012

- - - - AMOVERINGSTECHNIEK  BENELUX  B.V.

21009283

31-12-2014

- - - - SCHROOTVERWERKING  ZEEUWS-VLAANDEREN  SOC...

 

 

- - - ALMETAL  INVEST  NV

806223220

31-12-2012

- - GALLOO  FINANCE  NV

889949858

31-12-2014

- - GALLOO  LOGISTICS  NV

459706061

31-12-2014

- - GALLOO  NV

422834084

31-12-2014

- - - DE  SAEDELEIR  -  PHILIPS  NV

418951116

31-12-2012

- - - DENOLF  RECYCLING  NV

405097140

31-12-2012

- - - LEBON  RECYCLING  BVBA

405576794

31-12-2012

- - - VAN  HEYGHEN  RECYCLING  NV

427466924

31-12-2012

- - - - SCHROOT  RECYCLING  HULST  B.V.

21013211

31-12-2014

- - GALLOO  TERTRE  SA

447769321

31-12-2014

- - GALLOO  WALLONIE  SA

411609107

31-12-2014

- - - RECYVAL  SA

457910868

31-12-2012

- - - SOCIETE  WALLONNE  DE  RECYCLAGE  NV

442591402

31-12-2011

- - RECUPERATIE-  EN  TRANSPORTMAATSCHAPPIJ  NV

419626948

31-12-2014

- - - RENOFE  NV

442498459

 

- - GALLOO  FRANCE

383066602

31-12-2014

- - AMOVERINGSTECHNIEK BENELUX

408080539

 

- - ENVIRONNEMENT 2000

 

 

- - SCHROOT RECYCLING HULST B.V.

21013211

31-12-2014

- - SCHROOTVERWERKING ZEEUWS-VLAANDEREN

 

 

 

 

MINORITY SHAREHOLDERS

 

No minority shareholders found

 

MINORITY INTERESTS

 

 

Business number

Company  name

Date  of accounts

 

 

 

889949858

 

GALLOO  FINANCE  NV

31/12/2014

 

 


Linked Companies

 

SUMMARY

 

 

 

Group  -  Number  of  Companies

26

Linkages  -  Number  of  Companies

33

Number  of  Countries

4

 

 

LINKED COMPANIES

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

 

 

 

 

ALMETAL  ILE  DE  FRANCE

528632045

31.12.2014

-

GALLOO  PLASTICS

408481992

31.12.2012

€23.191.799

ALMETAL  PARIS

448786855

31.12.2014

€2.570.085

GALLOO  ILE-DE-FRANCE

552127920

31.12.2014

€43.880.657

ADVANCED  DESIGN  OF  RECYCLING

898872571

31.12.2014

-

MACHINES  NV

 

 

 

GALLOO  GELLAINVILLE

482406170

31.12.2013

€3.933.727

GALLOO  SALLAUMINES

356200097

31.12.2014

€2.339.269

BELGOMET  NV

429160266

31.12.2012

€16.620.634

GALLOO  ILE  DE  FRANCE  FERS  ET

399795533

31.12.2014

€2.664.720

METAUX

 

 

 

JOSEPH  RECYCLING  BVBA

870543920

31.12.2012

€4.538.746

GALLOO  LITTORAL

442377206

31.12.2014

€11.554.587

RETRAIN  NV

454134501

31.12.2013

€6.863.544

GALLOO  NEMOURS

349389866

31.12.2014

€1.643.339

CENTRE  DE  DEPOLLUTION  NUCERA

890575014

31.12.2014

-

SPRL

 

 

 

S.Z.V.  SCHROOTVERWERKING  ZEEUWS-

21013840

31.12.2014

-

VLAANDEREN  B.V.

 

 

 

SCI  SEINE  EDITH-CAVELL

327985016

-

-

SOCIETE  CIVILE  ROUSSEL

351878681

-

-

AD  REM  NV

-

-

-

ALMETAL  FINANCE  NV

-

-

-

ANCIENS ETABLISSEMENTS FERNAND

PENNEQUIN & CIE SPRL

-

-

-

 

 

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

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Position

Managing  Director

Start  Date

02/01/2013

Date  of  birth

15/04/1972

Street

50 DADIZELESTRAAT  WEVELGEM

Post  code

8560

Country

Belgium

Name

Jan  Vandeputte

Position

Director

Start  Date

14/05/2012

Date  of  birth

15/04/1972

Street

50 DADIZELESTRAAT  WEVELGEM

Post  code

8560

Country

Belgium

Name

Rik  Debaere

Position

Managing  Director

Start  Date

02/01/2013

Date  of  birth

22/11/1962

Street

50 INGOOIGEMSTRAAT  ZWEVEGEM

Post  code

8550

Country

Belgium

Position

Director

Start  Date

31/12/2012

Date  of  birth

22/11/1962

Street

50 INGOOIGEMSTRAAT  ZWEVEGEM

Post  code

8550

Country

Belgium

Name

Pierre  Vandeputte

Position

Managing  Director

Start  Date

02/01/2013

Date  of  birth

16/02/1974

Street

135 HAGEWINDESTRAAT  MENEN

Post  code

8930

Country

Belgium

Position

Permanent  representative  legal  entity

Start  Date

01/01/2015

Date  of  birth

16/02/1974

Street

135 HAGEWINDESTRAAT  MENEN

Post  code

8930

Country

Belgium

Name

DE  GELUWEBEEK  BVBA

Position

Director

Start  Date

01/01/2015

Street

 

Post  code

 

Country

 

Name

Joëla  Galloo

Position

Director

Start  Date

14/05/2012

Street

 

Post  code

 

Country

 

Name

Antoine  Vandeputte

Position

Director

Start  Date

14/05/2012

Date  of  birth

15/06/1941

Street

131 VOSKENSTRAAT  MENEN

Post  code

8930

Country

Belgium

 

 

CURRENT MANDATES IN OTHER COMPANIES

 

Name

ASSET  RECOVERY  GROUP

Business  number

636895763

Position

Partner  or  member

Start  Date

09/09/2015

Name

GALLOO  GROEP  BTWE

Business  number

563655221

Position

Representative  of  the  VAT  unit

Start  Date

01/10/2014

 

 

FORMER DIRECTOR DETAILS

 

Name

Antoine  Vandeputte

Position

Managing  Director

Start  Date

14/05/2012

End  Date

02/01/2013

Date  of  birth

15/06/1941

Street

131 VOSKENSTRAAT  MENEN

Post  code

8930

Country

Belgium

Name

Pierre  Vandeputte

Position

Director

Start  Date

14/05/2012

End  Date

31/12/2014

Date  of  birth

16/02/1974

Street

135 HAGEWINDESTRAAT  MENEN

Post  code

8930

Country

Belgium

 

 

FORMER MANDATES IN OTHER COMPANIES

 

Name

ALMETAL  HOLDING  NV

Business  number

434340264

Position

Director

Start  Date

04/06/2002

End  Date

02/04/2013

Name

VALORAUTO  BELGIUM  NV

Business  number

459675179

Position

Director

Start  Date

08/05/1998

End  Date

02/01/2013

Business  number

459675179

Position

Permanent  representative  legal  entity

Start  Date

08/05/1998

End  Date

02/01/2013

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

EUR

1

Rs.70.66

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

 

 

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.