MIRA INFORM REPORT

 

 

Report No. :

345463

Report Date :

19.10.2015

 

IDENTIFICATION DETAILS

 

Name :

DERATECH INDUSTRIES BVBA BVBA

 

 

Registered Office :

Kerkstraat 46 2870 Puurs

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

23.05.2001

 

 

Com. Reg. No.:

474937536

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Wholesale of machine tools

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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 summary

 

 Business number                    474937536

Branche Unit Number              2131867087

Company name                       DERATECH INDUSTRIES BVBA BVBA

Address                                    KERKSTRAAT 46

2870 PUURS

Number of staff                        --

Date of establishment              23/05/2001

Telephone number                  038661270

Fax number                             034583905

 

 

Commentary

 

The business was established over 14 years ago.

No employees are recorded for this business.

The business has changed its registered name recently.

The business has been at the address for over 6 years.

A 602% growth in Total Assets occurred during the latest trading period.

The business saw an increase in their Cash Balance of 709% during the latest trading period.

Net Worth is a negative amount during the latest trading period.

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

 

4,391

-8,930

-8,955

31/12/2013

 

5,041

-13,322

-13,347

31/12/2012

 

1,853

-18,362

-18,487

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

121,573

-

6,200

4,391

31/12/2013

17,308

-

6,200

5,141

31/12/2012

44,421

-

6,200

1,953

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

68.59

Industry  average  day  sales

293.95

expectation  days

 

outstanding

 

Day  sales  outstanding

-

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                --

 

NSSO DETAILS

Date of summons                       –

 

 

Company information

 

Business  number

474937536

Company  name

DERATECH  INDUSTRIES

 

 

 

BVBA  BVBA

Fax  number

034583905

Date  founded

23/05/2001

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46620

Liable  for  VAT

yes

Activity  description

Wholesale  of  machine  tools

VAT  Number

BE.0474.937.536  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)

 

----

 

SIGNIFICANT  EVENTS

 

Event  Date

23/05/2001

Event  Description

Legal  creation

Event  Details

 

 

 

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

25

0

25

-80.0

125

-44.44

225

-30.77

325

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

25

0

25

-80.0

125

-44.44

225

-30.77

325

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

25

0

25

-80.0

125

-44.44

225

-30.77

325

Furniture  &  Vehicles

0

-

0

-

0

-

0

-

0

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

0

-

0

-

0

-

0

-

0

Total  current  assets

121,548

603

17,283

-60.98

44,296

141

18,305

-69.55

60,119

Inventories

0

-

0

-

0

-

0

-

0

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

38,601

7840

486

-

0

-100

4,061

-91.34

46,870

Other  amounts  receivable

785

-88.19

6,642

-80.99

34,935

219

10,937

-4.89

11,499

Cash

82,162

709

10,155

8.49

9,360

183

3,307

88.97

1,750

Miscellaneous  current  assets

0

-

0

-

0

-

0

-

0

Total  Assets

121,573

602

17,308

-61.04

44,421

139

18,530

-69.34

60,444

 

 

LIABILITIES

 

Total  shareholders  equity

-8,930

67.04

-13,322

72.55

-18,362

90.83

-20,215

-247

13,666

Issued  share  capital

6,200

0

6,200

0

6,200

0

6,200

0

6,200

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

-15,130

77.51

-19,522

79.48

-24,562

92.98

-26,415

-453

7,466

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

130,503

326

30,630

-51.21

62,783

62.04

38,745

-17.17

46,778

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

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-100

1,089

-

0

-100

9

Trade  creditors

27,677

33.25

20,770

-34.17

31,553

21.95

25,873

-29.59

36,745

Amounts  Payable  for  Taxes,  Remuneration  &  Social

0

-100

6,376

-

0

-100

2,849

-

0

Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

102,826

2852

3,483

-88.44

30,141

200

10,023

0

10,023

Total  current  liabilities

130,503

326

30,630

-51.21

62,783

62.04

38,745

-17.17

46,778

Total  Liabilities

121,573

602

17,308

-61.04

44,421

139

18,530

-69.34

60,444

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

-49.17

-29.94

-37.84

-275

-10.09

-106

163.44

480

28.14

Return  on  total  assets  employed

3.61

-87.60

29.12

598

4.17

2.34

-178.31

-2903

6.36

Return  on  net  assets  employed

-49.17

-29.94

-37.84

-275

-10.09

-106

163.44

480

28.14

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

 

SHORT  TERM  STABILITY

 

Current  ratio

0.93

66.07

0.56

-21.13

0.71

51.06

0.47

-63.57

1.29

Liquidity  ratio  /  acid  ratio

0.93

66.07

0.56

-21.13

0.71

51.06

0.47

-63.57

1.29

Current  debt  ratio

-14.61

-535

-2.30

67.25

-3.42

-78.12

-1.92

-156

3.42

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

4,391

-14.58

5,141

163

1,953

5.78

-33,781

-957

3,938

Net  worth

-8,930

67.04

-13,322

72.55

-18,362

90.83

-20,215

-247

13,666

 

LONG  TERM  STABILITY

 

Gearing

-

-

-

-

-5.93

-

-

-

0.07

Equity  in  percentage

-7.35

9.55

-76.97

-86.19

-41.34

37.89

-109.10

-582

22.61

Total  debt  ratio

-14.61

-535

-2.30

67.25

-3.42

-78.12

-1.92

-156

3.42

Working  capital

-8,955

67.10

-13,347

72.19

-18,487

90.45

-20,440

-253

13,341

 

PROFIT & LOSS

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

6,353

5.92

5,998

83.86

3,262

10.47

-31,173

-596

6,284

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

0

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

-

-

100

0

100

0

100

0

100

Operating  result

5,666

6.24

5,333

84.81

2,886

8.77

-32,895

-751

5,052

Total  financial  income

4

-77.41

16

-

-

-

4

-91.95

53

Total  financial  expenses

1,278

315

308

-70.18

1,033

588

150

-88.08

1,258

Results  on  ordinary  operations  before  taxation

4,391

-12.89

5,041

172

1,853

5.61

-33,040

-959

3,846

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

0

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

4,391

-12.89

5,041

172

1,853

5.61

-33,040

-959

3,846

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

841

10557

8

Results  on  ordinary  operations  after  taxation

4,391

-12.89

5,041

172

1,853

5.47

-33,881

-982

3,838

Net  result

4,391

-12.89

5,041

172

1,853

5.47

-33,881

-982

3,838

Profit  (Loss)  for  the  Year  to  be  appropiated

4,391

-12.89

5,041

172

1,853

5.47

-33,881

-982

3,838

Dividends

-

-

-

-

-

-

-

-

-

 

 

Industry comparison

 

Activity  code

46620

Activity  description

Wholesale  of  machine  tools

industry  average  credit

73.53

Industry average credit limit

125519.65

 

 

Payment Information

 

PAYMENT INFORMATION SUMMARY

 

Total  number  of  Invoices  available

2

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

1

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

0

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

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

1

 

 

SUSPENSION OF PAYMENTS / MORATORIUM HISTORY

 

Amount                         --

Details                         –

 

 

PAYMENT EXPECTATIONS

 

Payment expectation days      --

Day sales outstanding –

 

 

INDUSTRY COMPARISON

 

Activity code                            46620

Activity description                  Wholesale of machine tools

Industry average payment

expectation days                     68.59

Industry average day sales

Outstanding                             293.95

 

 

Industry quartile analysis

 

PAYMENT EXPECTATIONS

 

Company result                       --

Lower                                      76.46

Median                                    45.32

Upper                                       25.44

 

 

DAY SALES OUTSTANDING

 

Company result                       -

Lower                                      99.41

Median                                    73.89

Upper                                       46

 

 

Shareholder Details

 

SUMMARY

Group - Number of Companies            0

Linkages - Number of Companies        0

Number of Countries                            0

 

GROUP STRUCTURE

No group structure for this company.

 

MINORITY SHAREHOLDERS

No minority shareholders found

 

MINORITY INTERESTS

No minority interests found

 

 

Linked Companies

 

SUMMARY

Group - Number of Companies            0

Linkages - Number of Companies        0

Number of Countries                            0

 

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

Manager

Start  Date

18/03/2009

Date  of  birth

26/07/1977

Street

109 VAN  LERIUSLAAN  BOOM

Post  code

2850

Country

Belgium

Name

Björn  Rabiot

 

 

FORMER DIRECTOR DETAILS

 

Name

Nico  De  Vooght

Position

Manager

Start  Date

18/03/2009

End  Date

18/03/2015

Date  of  birth

05/10/1975

Street

8 VOORMEERS  GENT

Post  code

9032

Country

Belgium

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.97

UK Pound

1

Rs.100.54

Euro

1

Rs.73.99

 

 

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.