MIRA INFORM REPORT

 

 

Report No. :

342821

Report Date :

01.10.2015

 

IDENTIFICATION DETAILS

 

Name :

MATCO  NV 

 

 

Registered Office :

Textielstraat  26, 8790 Waregem

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

30.09.1983

 

 

Com. Reg. No.:

424621854

 

 

Legal Form :

Public  Limited  Liability Company  (BE)

 

 

Line of Business :

Reclaim  of  other  sorted waste

 

 

No. of Employee :

11

 

 

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 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 an 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 name

 

MATCO  NV 

 

 

Company  summary

 

Business  number

424621854

Branche  Unit  Number

2023069711

Company  name

MATCO  NV

Address

TEXTIELSTRAAT  26

 

8790 WAREGEM

Number  of  staff

11

Date  of  establishment

30/09/1983

Telephone  number

056788060

Fax  number

056788064

 

 

Ultimate  holding  company

 

Company  name

Company  Number

BV  Capital  Partners  Luxemburg  S.A.

B109290

 

 

Commentary

 

The  business  was  established  over  31  years  ago. The  business  has  11  employees.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  10  years. Net  Worth  increased  by  27%  during  the  latest  trading  period. A  22%  growth  in  Total  Assets  occurred  during  the  latest  trading  period. The  business  saw  an  increase  in  their  Cash  Balance  of  323%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

11,317,683

475,546

427,548

576,091

31/12/2013

11,029,599

489,402

334,384

144,327

31/12/2012

8,256,833

320,224

88,300

-1,283,630

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

5,534,947

11

75,000

518,203

31/12/2013

4,532,315

11

75,000

442,195

31/12/2012

3,898,321

11

75,000

533,522

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

55.71

Industry  average  payment

81.42

Industry  average  day  sales

110.67

expectation  days

 

outstanding

 

Day  sales  outstanding

68.49

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

424621854

Company  name

MATCO  NV

Fax  number

056788064

Date  founded

30/09/1983

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

38329

Liable  for  VAT

yes

Activity  description

Reclaim  of  other  sorted

VAT  Number

BE.0424.621.854  Check  VAT

 

waste

 

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

116

Description

Joint  committee  for  the  chemical  industry

category

 

JIC  Code

207

Description

Joint  committee  for  the  employees  off  he  chemical  industry

category

 

Significant  Events

 

Event  Date

31/08/2011

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  31-08-2011:  Herbenoemd  als  bestuurders  voor  een  periode  van  zes  jaar  :  BVBA

Gevepe  (tevens  gedelegeerd  bestuurder),  BVBA  BHB  (tevens  gedelegeerd  bestuurder)  en  BV Capital  Partners  Nederland  BV.

 

 

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

475,902

11.10

428,368

-70.94

1,474,101

-13.60

1,706,205

-13.32

1,968,360

Intangible  fixed  assets

4,589

-54.08

9,993

-17.70

12,142

-35.49

18,822

-28.59

26,356

Tangible  fixed  assets

426,778

14.16

373,840

-7.88

405,805

-37.49

649,157

-29.70

923,363

Land  &  building

908

26.49

718

-32.93

1,071

-24.77

1,423

-21.09

1,804

Plant  &  machinery

20,096

77.44

11,325

-86.70

85,169

-15.39

100,659

-41.65

172,505

Furniture  &  Vehicles

67,601

4.45

64,720

-27.17

88,868

-20.58

111,896

-6.48

119,647

Leasing  &  Other  Similar  Rights

15,304

-59.21

37,514

-

-

-

147,318

-41.75

252,916

Other  tangible  assets

322,869

24.39

259,563

12.51

230,697

-19.86

287,861

-23.54

376,492

Financial  fixed  assets

44,535

0

44,535

-95.78

1,056,154

1.73

1,038,226

1.92

1,018,641

Total  current  assets

5,059,044

23.27

4,103,947

69.29

2,424,220

-20.33

3,042,816

-22.11

3,906,399

Inventories

993,161

-3.64

1,030,669

5.07

980,925

13.19

866,635

-6.98

931,649

Raw  materials  &  consumables

-

-

-

-

-

-

0

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

993,161

-3.64

1,030,669

5.07

980,925

13.19

866,635

-6.98

931,649

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

2,123,576

12.71

1,884,075

65.29

1,139,857

-19.62

1,418,109

-25.14

1,894,456

Other  amounts  receivable

1,262,939

22.66

1,029,627

10650

9,578

-97.64

406,420

123

181,575

Cash

391,050

323

92,253

-55.20

205,929

-33.04

307,524

-37.26

490,159

Miscellaneous  current  assets

288,319

328

67,324

-23.44

87,932

99

44,127

-82.80

256,561

Total  Assets

5,534,947

22.12

4,532,315

16.26

3,898,321

-17.91

4,749,020

-19.16

5,874,760

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

432,137

25.48

344,377

242

100,441

97.64

-102,867

-121

473,010

Issued  share  capital

75,000

0

75,000

0

75,000

0

75,000

0

75,000

Share  premium  account

-

-

-

-

-

-

0

-

-

Revaluation  reserve

-

-

-

-

-

-

0

-

-

Reserves

357,137

32.58

269,377

958

25,441

14.30

-177,867

-144

398,010

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

166

-93.00

2,370

-64.59

6,694

-42.02

11,544

Creditors

5,102,810

21.85

4,187,772

10.33

3,795,510

-21.66

4,845,193

-10.11

5,390,205

Other  long  term  loans

619,857

171

228,152

10855

2,083

-70.04

6,951

-86.54

51,653

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-100

85,577

-57.21

200,000

0

200,000

Total  long  term  debts

619,857

171

228,318

153

90,030

-57.86

213,645

-18.83

263,197

Current  portion  of  long  term  debt

8,294

4.59

7,930

62.89

4,868

-91.36

56,343

-89.99

563,119

Financial  debts

2,228,000

44.48

1,542,083

-17.76

1,875,000

-15.90

2,229,500

18.91

1,875,000

Trade  creditors

1,645,489

-7.88

1,786,214

29.50

1,379,308

-13.04

1,586,092

-12.58

1,814,290

Amounts  Payable  for  Taxes,

192,668

6.83

180,351

23.85

145,615

-17.36

176,213

-48.25

340,534

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

408,502

-7.80

443,043

46.19

303,059

-48.64

590,094

8.15

545,610

Total  current  liabilities

4,482,953

13.22

3,959,621

6.79

3,707,850

-20.06

4,638,242

-9.74

5,138,552

Total  Liabilities

5,534,947

22.12

4,532,315

16.26

3,898,321

-17.91

4,749,020

-19.16

5,874,760

 

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

4.20

-5.41

4.44

14.43

3.88

52.79

-7.35

-756

1.12

Return  on  capital  employed

45.20

-47.11

85.46

-49.17

168.12

32.20

-522.13

-4046

13.23

Return  on  total  assets  employed

8.59

-20.46

10.80

31.55

8.21

67.41

-12.18

-833

1.66

Return  on  net  assets  employed

110.05

-22.56

142.11

-55.43

318.82

-43.30

562.28

2629

20.60

Sales  /  net  working  capital

19.65

-74.29

76.42

1188

-6.43

-30.43

-4.93

70.03

-7.04

Stock  turnover  ratio

8.78

-6.00

9.34

-21.38

11.88

7.80

11.02

2.61

10.74

Creditor  days

55.71

-10.74

62.41

-2.21

63.82

-10.58

71.37

-8.96

78.39

Debtor  days

68.49

9.85

62.35

23.73

50.39

-23.41

65.79

-17.44

79.69

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.13

8.65

1.04

60.0

0.65

-1.52

0.66

-13.16

0.76

Liquidity  ratio  /  acid  ratio

0.91

16.67

0.78

100

0.39

-17.02

0.47

-18.97

0.58

Current  debt  ratio

10.37

-9.83

11.50

-68.85

36.92

81.88

-45.09

-515

10.86

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

518,203

17.19

442,195

-17.12

533,522

220

-241,423

-156

429,592

Net  worth

427,548

27.86

334,384

278

88,300

72.56

-121,689

-127

446,654

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

660.94

28.00

516.34

-72.44

1,873.68

84.06

-2,228.89

-523

526.37

Equity  in  percentage

7.81

2.49

7.62

195

2.58

118

-2.17

-126

8.09

Total  debt  ratio

11.81

-2.88

12.16

-67.84

37.81

80.16

-47.17

-513

11.42

Working  capital

576,091

299

144,327

11.24

-1,283,630

80.46

-1,595,427

-29.48

-1,232,153

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

11,361,145

2.95

11,035,401

33.50

8,266,086

4.84

7,884,426

-11.16

8,875,071

Turnover

11,317,683

2.61

11,029,599

33.58

8,256,833

4.95

7,867,575

-9.33

8,676,821

Total  operating  expenses

10,779,971

3.19

10,447,122

32.43

7,888,922

-2.75

8,112,055

-3.97

8,447,608

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

10,823,433

3.54

10,452,924

32.35

7,898,175

-2.84

8,128,906

-5.98

8,645,858

Employee  costs

891,846

0.91

883,843

1.18

873,535

-2.33

894,348

11.74

800,354

Wages  and  salary

598,832

0.34

596,783

-1.64

606,764

-3.48

628,631

13.57

553,509

Employee  pension  costs

-

-

-

-

-

-

0

-

-

Social  security  contributions

178,716

3.09

173,359

-15.22

204,472

-14.01

237,776

34.18

177,202

Other  employee  costs

114,297

0.52

113,701

82.51

62,299

122

27,941

-59.88

69,643

Director  remuneration

-

-

-

-

-

-

0

-

-

Amortization  and  depreciation

130,443

-34.21

198,259

-39.96

330,214

-1.27

334,454

-24.59

443,513

Operating  result

537,711

-7.69

582,477

58.32

367,910

150

-244,480

-206

229,213

Total  financial  income

55,162

53.44

35,949

-48.75

70,140

7.61

65,180

-16.80

78,338

Total  financial  expenses

117,327

-9.07

129,024

9.50

117,826

-70.48

399,103

89.94

210,119

Results  on  ordinary  operations  before

475,546

-2.83

489,402

52.83

320,224

55.36

-578,404

-693

97,432

taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

4,000

-23.08

5,200

-97.81

237,111

14245

1,653

-

-

Extraordinary  Charges

70,438

-73.04

261,233

-25.36

350,000

-

0

-100

64,228

Extraordinary  items

-66,438

25.95

-256,033

-126

-112,889

-6929

1,653

2.57

-64,228

Results  for  the  Year  Before  Taxation

409,108

75.30

233,370

12.56

207,335

35.95

-576,751

-1837

33,203

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

21,514

257

-8,361

-200

8,351

109

3,977

-92.50

53,011

Results  on  ordinary  operations  after taxation

454,032

-8.79

497,764

59.60

311,874

53.55

-582,380

-1411

44,421

Net  result

387,760

58.96

243,935

19.98

203,308

35.30

-575,877

-4036

-13,921

Profit  (Loss)  for  the  Year  to  be appropiated

388,082

-25.11

518,213

144

211,705

79.45

-266,457

88.09

-302,489

Dividends

-

-

-

-

-

-

0

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2014

 

 

 

Full-time  Employees

 

10

 

Part-time  Employees

 

2

 

Total  Fte  Employees

 

11

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

16,975

 

Part-time  Employees

 

1,824

 

Total

 

18,799

 

Personnel  Charges

 

 

 

Full-time  Employees

 

834,163

 

Part-time  Employees

 

57,682

 

Total

 

891,846

 

Benefits  In  Addition  To  Wages

 

14,671

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

11

 

Actual  working  hours

 

19,170

 

Personnel  Charges

 

883,843

 

Benefits  In  Addition  To  Wages

 

14,612

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

10

2

11

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

3

-

3

Higher  education  (non

4

-

4

university)

 

 

 

Higher  education

1

-

1

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

1

1

2

university)

 

 

 

Higher  education

1

1

2

(university)

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

1

-

1

White  collar  worker

6

2

7

Blue  collar  worker

3

-

3

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

0

 

Actual  working  hours

 

225

 

Cost  of  temporary  staff

 

9,003

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

1

-

1

Leavers

1

-

1

 

 

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

-

-

 

Industry  comparison

 

Activity  code

38329

Activity  description

Reclaim  of  other  sorted  waste

 

 

Payment  Information

 

Suspension  of  payments  /  moratorium  history

 

 

Amount

-

 

Details

-

 

 

 

 

Payment  Information  Summary

 

 

Total  number  of  Invoices  available

 

113

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

 

101

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

 

12

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

 

Payment  expectations

 

Payment  expectation  days

55.71

Day  sales  outstanding

68.49

Industry  comparison

 

Activity  code

38329

Activity  description

Reclaim  of  other  sorted  waste

Industry  average  payment expectation  days

81.42

Industry  average  day  sales outstanding

110.67

 

Industry  quartile  analysis Payment  expectations

 

Company  result

55.71

Lower

100.62

Median

64.04

Upper

35.27

 

Day  sales  outstanding

 

Company  result

68.49

Lower

74.25

Median

48.22

Upper

24.16

 

 

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

24

Linkages  -  Number  of  Companies

4

Number  of  Countries

2

 

 

Group  Structure

 

 

 

 

 

Company  name

Number

Latest

Rating

 

 

financials

 

- BV  CAPITAL  PARTNERS  LUXEMBURG  S.A.

B109290

31-12-2012

N/R

- - BHB  BVBA

862808169

31-12-2014

65

- - - GAS  AND  COMPONENTS  INTERNATIONAL  GCV

473714742

31-12-2008

60

- - - IMMOMAT  NV

453046319

31-12-2014

60

- - - INDUFLEX  HOLDING  NV

807149569

31-12-2013

N/R

- - - - INDUFLEX  NV

427693784

31-12-2014

56

- - - - - INDUFLEX  LIMITED  SOC.ETR.  E.P.B.

 

 

 

- - - MAES  INDUSTRIAL  TRADING  &  RECYCLING  NV

465757970

30-06-2007

N/R

- - - MATCO  NV

424621854

31-12-2014

96

- - - MEGAS  BEHEER  NV

862124320

31-12-2013

60

- - - - MONTEBI  NV

400699773

31-12-2013

97

- - - - - MONTEL  NV

455376891

31-12-2007

N/R

- - - - - SIMAN  BEHEER  B.V.  CVA

453849934

31-12-2013

47

- - - - - MONTEBI  SAS

402019368

31-12-2013

19

- - - - - MONTEBI  SOC.ETR.  E.P.B.

 

 

 

- - - - - RODANIA  CANADA

 

 

 

- - - - - SIMAN  LIMITED  SOC.ETR.  E.P.B.

 

 

 

- - - - RODANIA  MARKETING  AG

CHE101378016

 

82

- - TÉCO  HOLDING  SA

808421853

31-12-2014

57

- - - VELEC  BVBA

452965551

31-12-2014

91

- - - - GUILEC  SA

874601092

31-12-2011

N/R

- - - - TECONEX  SA

429524116

31-12-2014

98

- - - - - GUILLAUME  SOC.CIV.  SCS

808586753

31-12-2014

66

- - - - - GUITELEC

429725237

31-12-2014

100

 

 

Minority  Shareholders

 

 

 

Business

Company  name

%

Date  of

number

 

 

accounts

453046319

Immomat  NV

23

31/12/2014

Minority  Interests

 

 

 

Business

Company  name

%

Date  of

number

 

 

accounts

470898673

DMC  NV

50

31/12/2014

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

24

Linkages  -  Number  of  Companies

4

Number  of  Countries

2

 

 

Linked  Companies

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

 

 

 

 

BV  CAPITAL  PARTNERS  NEDERLAND  B.V.

27282291

31.12.2013

-

PONDERA  BVBA

862120360

31.07.2014

-

GEVEPE  SPRL

862869240

31.12.2011

€678

MEHOLD  NV

878193557

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

 

 

Director  details

 

Current  director  details

 

Position

Director

Start  Date

20/07/2005

Date  of  birth

16/01/2004

Street

26 TEXTIELSTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Name

BHB  BVBA

Position

Legal  Representative

Start  Date

20/07/2005

Date  of  birth

16/01/2004

Street

26 TEXTIELSTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Name

BV  CAPITAL  PARTNERS  NEDERLAND  B.V.

Position

Managing  Director

Start  Date

30/09/2014

Street

 

Post  code

 

Country

The  Netherlands

Name

BV  CAPITAL  PARTNERS  NEDERLAND

Position

Managing  Director

Start  Date

31/08/2011

End  Date

27/05/2017

Street

5 RUBENSLAAN  BILTHOVEN

Post  code

3723BN

Country

The  Netherlands

 

Current  mandates  in  other  companies

 

Name

DMC  NV

Business  number

470898673

Position

Director

Start  Date

01/11/2007

Business  number

470898673

Position

Legal  Representative

Start  Date

01/11/2007

Name

Adhesys  NV

Business  number

478286709

Position

Managing  Director

Start  Date

06/07/2005

Business  number

478286709

Position

Director

Start  Date

20/07/2005

 

 

Former  director  details

 

Name

BHB  BVBA

Position

Managing  Director

Start  Date

20/07/2005

End  Date

28/05/2011

Date  of  birth

16/01/2004

Street

26 TEXTIELSTRAAT  WAREGEM

Post  code

8790

Country

Belgium

Name

PATRICK  MAES

Position

Managing  Director

Start  Date

20/05/1997

End  Date

Unknown  date

Date  of  birth

01/01/1945

Street

6 GULDENBERGPLANTSOEN  KORTRIJK

Post  code

8500

Country

Belgium

Position

Director

Start  Date

28/11/2003

End  Date

20/07/2005

Date  of  birth

01/01/1945

Street

6 GULDENBERGPLANTSOEN  KORTRIJK

Post  code

8500

Country

Belgium

Name

VRC  BEDRIJFSREVISOREN  B.V.  CVBA

Position

Commissioner

Start  Date

05/01/2011

End  Date

31/12/2011

Date  of  birth

04/03/1998

Street

39 LICHTERVELDESTRAAT  TORHOUT

Post  code

8820

Country

Belgium

Name

GEVEPE  SPRL

Position

Managing  Director

Start  Date

20/07/2005

End  Date

Unknown  date

Date  of  birth

16/01/2004

Street

108 RUE  DE  MAGNÉE  BEYNE-HEUSAY

Post  code

4610

Country

Belgium

Position

Director

Start  Date

20/07/2005

End  Date

Unknown  date

Date  of  birth

16/01/2004

Street

108 RUE  DE  MAGNÉE  BEYNE-HEUSAY

Post  code

4610

Country

Belgium

Position

Legal  Representative

Start  Date

20/07/2005

End  Date

Unknown  date

Date  of  birth

16/01/2004

Street

108 RUE  DE  MAGNÉE  BEYNE-HEUSAY

Post  code

4610

Country

Belgium

Name

BV  CAPITAL  PARTNERS  NEDERLAND

Position

Director

Start  Date

18/06/2006

End  Date

31/12/2014

Street

5 RUBENSLAAN  BILTHOVEN

Post  code

3723BN

Country

The  Netherlands

Name

HANS  VANOORBEEK

Position

Managing  Director

Start  Date

14/12/2011

End  Date

30/09/2014

Street

125 SCHIEKADE  ROTTERDAM

Post  code

BK  3033

Country

The  Netherlands

Position

Director

Start  Date

14/12/2011

End  Date

30/09/2014

Street

125 SCHIEKADE  ROTTERDAM

Post  code

BK  3033

Country

The  Netherlands

 

Former  mandates  in  other  companies

 

Name

Matco-Glas  NV

Business  number

449646765

Position

Director

Start  Date

04/11/1998

End  Date

Unknown  date

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.55

UK Pound

1

Rs.99.17

Euro

1

Rs.73.08

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.