|
|
|
MIRA INFORM REPORT
|
Report No. : |
504217 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TOYO INK EUROPE NV |
|
|
|
|
Registered Office : |
Tunnelweg 3 2845 Niel |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.12.1989 |
|
|
|
|
Com. Reg. No.: |
439245296 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Manufacture of paints, varnishes and
similar coatings, printing ink and mastics |
|
|
|
|
No. of Employees : |
110 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Belgium |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BELGIUM - ECONOMIC OVERVIEW
Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.
Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation 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 labor market rules and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.
|
Source
: CIA |
Company summary
|
Business number |
439245296 |
|
Branche Unit Number |
2046211238 |
|
Company name |
TOYO INK EUROPE NV |
|
Address |
TUNNELWEG 3 |
|
|
2845 NIEL |
|
Date of establishment |
15/12/1989 |
|
Telephone number |
3238806767 |
|
Mobile number |
- |
|
Fax number |
038806798 |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0439.245.296 Check VAT number |
Ultimate holding company
|
Company name |
Company Number |
|
TIE INTERNATIONAL NV |
890356466 |
Commentary
The business was established over 28
years ago.
The business has 110 employees.
The business is part of a
group.
The business has been at the
address for over 22 years.
Operating Result in the latest
trading period decreased 24% on the
previous trading period.
A 38% growth in Total Assets
occurred during the latest trading period.
Pre-tax profits decreased by 40%
compared to the previous trading period.
The business saw an increase
in their Cash Balance of 29% during the
latest trading period.
Annual
accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
48,008,921 |
1,234,100 |
14,651,916 |
18,171,649 |
|
31/12/2015 |
42,959,527 |
2,057,084 |
15,214,899 |
22,009,128 |
|
31/12/2014 |
41,219,315 |
3,331,421 |
13,693,472 |
17,207,114 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
43,742,216 |
110 |
2,100,000 |
1,955,751 |
|
31/12/2015 |
31,656,761 |
94 |
2,100,000 |
2,342,928 |
|
31/12/2014 |
26,145,307 |
84 |
2,100,000 |
3,072,536 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
47.62 |
|
Industry average payment |
51.08 |
Industry average day sales |
104.11 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
127.22 |
|
|
Court
data summary
BANKRUPTCY
DETAILS
|
Court action type |
no |
PROTESTED
BILLS
|
Bill amount |
- |
NSSO
DETAILS
|
Date of summons |
- |
Company
information
|
Business number |
439245296 |
Company name |
TOYO INK EUROPE NV |
|
Fax number |
038806798 |
Date founded |
15/12/1989 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2016 |
|
Activity code |
20300 |
Number of staff |
110 |
|
Activity description |
Manufacture of
paints, varnishes and similar coatings, printing
ink and mastics |
|
|
|
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 |
25/04/2013 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 25-04-2013: Herbenoemd als
bestuurder tot na de jaarlijkse algemene
vergadering van 2019 : BVBA CurEx. |
Company
accounts
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2016 |
% |
31-12-2015 |
% |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
10,257,178 |
121 |
4,639,565 |
28.66 |
3,606,140 |
-3.39 |
3,732,725 |
-9.31 |
4,115,819 |
|
Intangible fixed assets |
1,447,099 |
3002 |
46,644 |
-20.56 |
58,716 |
-17.05 |
70,788 |
-14.57 |
82,860 |
|
Tangible fixed assets |
8,539,161 |
94.62 |
4,387,526 |
26.03 |
3,481,351 |
-3.38 |
3,603,014 |
-3.41 |
3,730,376 |
|
Land & building |
3,886,228 |
36.63 |
2,844,274 |
2.45 |
2,776,176 |
-8.73 |
3,041,643 |
-6.92 |
3,267,880 |
|
Plant & machinery |
4,565,074 |
289 |
1,173,523 |
116 |
542,704 |
39.95 |
387,786 |
12.16 |
345,740 |
|
Furniture & Vehicles |
87,859 |
-22.15 |
112,861 |
-30.53 |
162,471 |
-6.40 |
173,585 |
48.67 |
116,756 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
-100 |
256,868 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
270,918 |
31.90 |
205,396 |
210 |
66,073 |
12.13 |
58,923 |
-80.53 |
302,583 |
|
Total current assets |
33,485,038 |
23.94 |
27,017,196 |
19.87 |
22,539,167 |
16.62 |
19,326,273 |
-8.42 |
21,103,798 |
|
Inventories |
8,435,564 |
48.30 |
5,688,125 |
19.93 |
4,742,685 |
-10.55 |
5,302,225 |
-7.41 |
5,726,866 |
|
Raw materials & consumables |
2,506,117 |
4.24 |
2,404,295 |
14.89 |
2,092,643 |
-28.73 |
2,936,283 |
4.42 |
2,812,067 |
|
Work in progress |
325,094 |
117 |
149,494 |
-34.84 |
229,435 |
31.36 |
174,662 |
-40.47 |
293,396 |
|
Finished goods |
5,313,552 |
107 |
2,561,350 |
31.52 |
1,947,441 |
-0.85 |
1,964,189 |
-4.73 |
2,061,661 |
|
Other stocks |
290,800 |
-49.25 |
572,986 |
21.10 |
473,166 |
108 |
227,091 |
-59.43 |
559,742 |
|
Trade debtors |
16,733,818 |
13.03 |
14,804,443 |
10.13 |
13,442,369 |
23.50 |
10,884,838 |
-6.51 |
11,642,692 |
|
Other amounts receivable |
1,135,858 |
12.78 |
1,007,174 |
5.41 |
955,506 |
219 |
298,645 |
-90.30 |
3,078,611 |
|
Cash |
6,957,829 |
29.60 |
5,368,599 |
65.82 |
3,237,578 |
25.28 |
2,584,280 |
503 |
428,362 |
|
Miscellaneous current assets |
221,969 |
49.12 |
148,854 |
-7.56 |
161,029 |
6.96 |
150,557 |
-10.03 |
167,332 |
|
Total Assets |
43,742,216 |
38.18 |
31,656,761 |
21.08 |
26,145,307 |
13.38 |
23,058,998 |
-8.57 |
25,219,618 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
16,099,015 |
5.49 |
15,261,543 |
10.98 |
13,752,188 |
21.02 |
11,363,204 |
-8.69 |
12,444,966 |
|
Issued share capital |
2,100,000 |
0 |
2,100,000 |
0 |
2,100,000 |
0 |
2,100,000 |
0 |
2,100,000 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
13,999,015 |
6.36 |
13,161,543 |
12.95 |
11,652,188 |
25.79 |
9,263,204 |
-10.46 |
10,344,966 |
|
Provisions for Liabilities & |
1,914,349 |
1.76 |
1,881,264 |
1.99 |
1,844,503 |
-3.09 |
1,903,292 |
-9.54 |
2,103,987 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
15,463 |
-40.26 |
25,886 |
-29.20 |
36,563 |
-22.18 |
46,986 |
-17.79 |
57,153 |
|
Creditors |
25,713,389 |
77.48 |
14,488,068 |
37.82 |
10,512,053 |
7.87 |
9,745,516 |
-8.18 |
10,613,511 |
|
Other long term loans |
10,400,000 |
9.70 |
9,480,000 |
83.01 |
5,180,000 |
- |
0 |
-100 |
990,000 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
12,329,812 |
8.28 |
11,387,150 |
61.27 |
7,061,066 |
262 |
1,950,278 |
-38.11 |
3,151,141 |
|
Current portion of long term debt |
7,180,000 |
- |
0 |
- |
0 |
- |
0 |
-100 |
1,980,000 |
|
Financial debts |
0 |
- |
0 |
- |
0 |
-100 |
5,187,780 |
92.85 |
2,690,008 |
|
Trade creditors |
6,071,602 |
183 |
2,143,252 |
0.24 |
2,138,079 |
36.87 |
1,562,122 |
-14.89 |
1,835,417 |
|
Amounts Payable for Taxes, |
1,665,132 |
-24.80 |
2,214,152 |
-12.09 |
2,518,580 |
1.22 |
2,488,344 |
-8.83 |
2,729,461 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
396,655 |
-39.04 |
650,664 |
-3.66 |
675,394 |
33.14 |
507,271 |
30.53 |
388,625 |
|
Total current liabilities |
15,313,389 |
205 |
5,008,068 |
-6.08 |
5,332,053 |
-45.29 |
9,745,516 |
1.27 |
9,623,511 |
|
Total Liabilities |
43,742,216 |
38.18 |
31,656,761 |
21.08 |
26,145,307 |
13.38 |
23,058,998 |
-8.57 |
25,219,618 |
Ratio analysis
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
2.57 |
-46.35 |
4.79 |
-40.72 |
8.08 |
-6.05 |
8.60 |
-28.33 |
12.00 |
|
Return on capital employed |
4.34 |
-43.78 |
7.72 |
-51.78 |
16.01 |
-37.68 |
25.69 |
-23.59 |
33.62 |
|
Return on total assets employed |
2.82 |
-56.62 |
6.50 |
-48.98 |
12.74 |
-14.09 |
14.83 |
-28.67 |
20.79 |
|
Return on net assets employed |
7.67 |
-43.10 |
13.48 |
-44.34 |
24.22 |
-19.51 |
30.09 |
-28.60 |
42.14 |
|
Sales / net working capital |
2.64 |
35.38 |
1.95 |
-18.75 |
2.40 |
-42.17 |
4.15 |
8.92 |
3.81 |
|
Stock turnover ratio |
17.57 |
32.70 |
13.24 |
15.03 |
11.51 |
-13.65 |
13.33 |
1.68 |
13.11 |
|
Creditor days |
47.62 |
149 |
19.08 |
-6.65 |
20.44 |
31.28 |
15.57 |
-9.53 |
17.21 |
|
Debtor days |
127.22 |
1.14 |
125.78 |
5.67 |
119.03 |
19.14 |
99.91 |
2.71 |
97.27 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
2.19 |
-59.37 |
5.39 |
27.42 |
4.23 |
113 |
1.98 |
-9.59 |
2.19 |
|
Liquidity ratio / acid ratio |
1.64 |
-61.50 |
4.26 |
27.54 |
3.34 |
131 |
1.44 |
-10.0 |
1.60 |
|
Current debt ratio |
0.95 |
187 |
0.33 |
-15.38 |
0.39 |
-54.65 |
0.86 |
11.69 |
0.77 |
|
Cashflow |
1,955,751 |
-16.53 |
2,342,928 |
-23.75 |
3,072,536 |
8.45 |
2,833,222 |
-31.19 |
4,117,408 |
|
Net worth |
14,651,916 |
-3.70 |
15,214,899 |
11.11 |
13,693,472 |
21.26 |
11,292,416 |
-8.65 |
12,362,105 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
109.20 |
75.79 |
62.12 |
64.91 |
37.67 |
-17.48 |
45.65 |
0.37 |
45.48 |
|
Equity in percentage |
38.06 |
-21.17 |
48.28 |
-8.42 |
52.72 |
6.66 |
49.43 |
-0.16 |
49.51 |
|
Total debt ratio |
1.72 |
60.75 |
1.07 |
18.89 |
0.90 |
-12.62 |
1.03 |
0 |
1.03 |
|
Working capital |
18,171,649 |
-17.44 |
22,009,128 |
27.91 |
17,207,114 |
79.60 |
9,580,757 |
-16.55 |
11,480,287 |
Profit & loss
|
Operating Income |
49,635,670 |
11.15 |
44,655,141 |
5.58 |
42,295,528 |
5.03 |
40,269,753 |
-9.71 |
44,600,336 |
|
Turnover |
48,008,921 |
11.75 |
42,959,527 |
4.22 |
41,219,315 |
3.66 |
39,765,740 |
-8.98 |
43,690,024 |
|
Total operating expenses |
46,541,185 |
13.49 |
41,007,581 |
7.38 |
38,188,100 |
4.30 |
36,612,376 |
-5.93 |
38,918,633 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
49,471,905 |
15.85 |
42,703,196 |
8.76 |
39,264,312 |
5.79 |
37,116,388 |
-6.81 |
39,828,945 |
|
Employee costs |
6,579,370 |
13.06 |
5,819,367 |
22.52 |
4,749,832 |
17.43 |
4,044,958 |
-4.31 |
4,226,972 |
|
Wages and salary |
4,443,369 |
14.46 |
3,882,002 |
26.64 |
3,065,397 |
15.34 |
2,657,754 |
-4.38 |
2,779,598 |
|
Employee pension costs |
7,630 |
-18.84 |
9,402 |
-6.74 |
10,081 |
-11.95 |
11,449 |
-22.34 |
14,743 |
|
Social security contributions |
1,591,597 |
8.36 |
1,468,868 |
11.53 |
1,317,023 |
13.57 |
1,159,612 |
-2.00 |
1,183,312 |
|
Other employee costs |
536,773 |
16.92 |
459,095 |
28.48 |
357,331 |
65.32 |
216,142 |
-13.31 |
249,319 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
1,114,638 |
34.30 |
829,932 |
22.06 |
679,911 |
17.65 |
577,915 |
-8.34 |
630,491 |
|
Operating result |
1,467,736 |
-24.81 |
1,951,945 |
-35.61 |
3,031,216 |
-3.87 |
3,153,365 |
-33.91 |
4,771,391 |
|
Total financial income |
261,181 |
-51.79 |
541,792 |
-7.99 |
588,839 |
-26.02 |
795,894 |
-41.67 |
1,364,468 |
|
Total financial expenses |
658,582 |
50.83 |
436,653 |
51.28 |
288,634 |
-45.50 |
529,600 |
-40.64 |
892,156 |
|
Results on ordinary operations before
taxation |
1,234,100 |
-40.01 |
2,057,084 |
-38.25 |
3,331,421 |
-2.58 |
3,419,658 |
-34.79 |
5,243,702 |
|
Extraordinary Income |
7,346 |
-37.83 |
11,817 |
-66.77 |
35,559 |
-61.86 |
93,235 |
305 |
22,974 |
|
Extraordinary Charges |
234,286 |
222 |
72,588 |
11.66 |
65,006 |
-89.45 |
616,017 |
24.62 |
494,335 |
|
Extraordinary items |
-226,940 |
-273 |
-60,771 |
-106 |
-29,447 |
5.63 |
-522,782 |
-10.91 |
-471,361 |
|
Results for the Year Before |
1,007,161 |
-49.55 |
1,996,313 |
-39.54 |
3,301,974 |
13.98 |
2,896,877 |
-39.30 |
4,772,341 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Taxation |
176,470 |
-64.28 |
493,994 |
-46.29 |
919,771 |
41.13 |
651,737 |
-49.71 |
1,295,847 |
|
Results on ordinary operations |
1,057,630 |
-32.34 |
1,563,090 |
-35.19 |
2,411,649 |
-12.87 |
2,767,921 |
-29.89 |
3,947,855 |
|
after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
841,113 |
-44.41 |
1,512,996 |
-36.76 |
2,392,625 |
6.09 |
2,255,307 |
-35.32 |
3,486,917 |
|
Profit (Loss) for the Year
to be appropiated |
857,713 |
-43.94 |
1,530,091 |
-36.49 |
2,409,225 |
6.07 |
2,271,412 |
-35.17 |
3,503,517 |
|
Dividends |
- |
- |
- |
- |
- |
- |
3,333,428 |
- |
- |
Social
Balance Sheet Details
|
Social Balance Sheet Details |
|
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2016 |
|
|
Full-time Employees |
105 |
|
Part-time Employees |
6 |
|
Total Fte Employees |
110 |
|
Number of hours worked |
|
|
Full-time Employees |
156,735 |
|
Part-time Employees |
7,587 |
|
Total |
164,322 |
|
Personnel Charges |
|
|
Full-time Employees |
6,268,320 |
|
Part-time Employees |
303,419 |
|
Total |
6,571,739 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
94 |
|
Actual working hours |
149,431 |
|
Personnel Charges |
5,809,965 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
109 |
7 |
114 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
Gender
and Education Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
35 |
- |
35 |
|
Secondairy education |
49 |
1 |
50 |
|
Higher education (non |
9 |
- |
9 |
|
university) |
|
|
|
|
Higher education |
3 |
- |
3 |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
5 |
1 |
5 |
|
Secondairy education |
5 |
4 |
8 |
|
Higher education (non |
2 |
1 |
3 |
|
university) |
|
|
|
|
Higher education |
1 |
- |
1 |
|
(university) |
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
44 |
3 |
47 |
|
Blue collar worker |
65 |
4 |
68 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
||
|
Average number of temporary staff |
8 |
||
|
Actual working hours |
15,104 |
||
|
Cost of temporary staff |
375,711 |
||
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
19 |
1 |
19 |
|
Leavers |
7 |
1 |
8 |
|
Total
of formal continuing vocational training
initiatives |
|
|
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
44 |
15 |
|
Number of training hours |
444 |
288 |
|
Net costs for enterprise |
48,778 |
29,172 |
|
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 |
20300 |
|
Activity description |
Manufacture of paints, varnishes
and similar coatings, printing ink and
mastics |
Payment
Information
|
Payment
Information Summary |
|
|
Total number of Invoices available |
370 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
328 |
|
Total number of Invoices paid
more than 30 days after the due
date |
24 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
5 |
|
Total number of Invoices currently
outstanding beyond the due date |
13 |
Suspension
of payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment expectation days |
47.62 |
|
Day sales outstanding |
127.22 |
Industry comparison
|
Activity code |
20300 |
|
Activity description |
Manufacture of paints, varnishes
and similar coatings, printing ink and
mastics |
|
Industry average payment expectation days |
51.08 |
|
Industry average day sales outstanding |
104.11 |
|
Industry
quartile analysis |
|
|
Payment expectations |
|
|
Company result |
47.62 |
|
Lower |
72.24 |
|
Median |
48.48 |
|
Upper |
23.30 |
Day
sales outstanding
|
Company result |
127.22 |
|
Lower |
110.67 |
|
Median |
57.25 |
|
Upper |
46.97 |
Shareholder
Details
|
Summary |
|
|
Group - Number of Companies |
11 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Company name |
Number |
Latest |
|
|
|
financials |
|
- TIE INTERNATIONAL NV |
890356466 |
31-12-2016 |
|
- - TOYO INK EUROPE NV |
439245296 |
31-12-2016 |
|
- - - ARETS ASIA PACIFIC PTE. LTD |
|
|
|
- - - TOYO INK ARETS CANADA INC. |
|
|
|
- - - TOYO INK ARETS DEUTSCHLAND GMBH |
|
|
|
- - - TOYO INK ARETS FRANCE SAS |
|
|
|
- - - TOYO INK ARETS INDIA PRIVATE
LIMITED |
|
|
|
- - - TOYO INK ARETS MEXICO SA
DE CV |
|
|
|
- - - TOYO INK ARETS MIDDLE EAST
FZE |
|
|
|
- - TOYO INK EUROPE UK LTD |
05814235 |
31-12-2017 |
|
- - - UAB TOYO INK ARETS BALTICA |
|
|
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
Linked
Companies
Summary
|
Group - Number of Companies |
11 |
|
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 |
Managing Director |
|
Start Date |
01/07/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Naoto Sumiya |
|
Position |
Director |
|
Start Date |
01/07/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Toshihiko Ogawa |
|
Position |
Director |
|
Start Date |
01/07/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
HIRONORI SAKAI |
|
Position |
Director |
|
Start Date |
01/08/2016 |
|
Street |
82 Boulevard Malesherbes Parijs |
|
Post code |
|
|
Country |
France |
Former
director details
|
Name |
Yo Yabe |
|
Position |
Managing Director |
|
Start Date |
30/09/2013 |
|
End Date |
01/07/2017 |
|
Street |
218 INVALIDENLAAN BRUSSEL |
|
Post code |
1160 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
25/04/2013 |
|
End Date |
01/07/2017 |
|
Street |
218 INVALIDENLAAN BRUSSEL |
|
Post code |
1160 |
|
Country |
Belgium |
|
Name |
Luc Van Doorsselaere |
|
Position |
Managing Director |
|
Start Date |
25/04/2013 |
|
End Date |
29/08/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Permanent representative legal entity |
|
Start Date |
25/06/2007 |
|
End Date |
29/08/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
CUREX BVBA |
|
Position |
Managing Director |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Director |
|
Start Date |
25/06/2007 |
|
End Date |
29/08/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
NEXT INVEST NV |
|
Position |
Managing Director |
|
Start Date |
29/12/2000 |
|
End Date |
25/06/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Director |
|
Start Date |
29/12/2000 |
|
End Date |
25/06/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Isao Kameoka |
|
Position |
Director |
|
Start Date |
25/04/2013 |
|
End Date |
01/04/2017 |
|
Street |
30 WATERLELIËNLAAN BRUSSEL |
|
Post code |
1160 |
|
Country |
Belgium |
|
Name |
HIROYUKI HAMADA |
|
Position |
Director |
|
Start Date |
25/04/2013 |
|
End Date |
01/08/2016 |
|
Street |
7 RUE PIERRE DEMOURS |
|
Post code |
75017 |
|
Country |
France |
|
Name |
Léa Janssens |
|
Position |
Director |
|
Start Date |
01/12/2001 |
|
End Date |
02/05/2014 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
SATORU TAKASHIMA |
|
Position |
Director |
|
Start Date |
25/04/2013 |
|
End Date |
20/06/2013 |
|
Street |
36 HONMOKU SANNOTANI, NAKA-KU |
|
Post code |
231-0824 |
|
Country |
Japan |
|
Name |
ILEX MANAGEMENT BVBA |
|
Position |
Director |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
BNP PARIBAS FORTIS PRIVATE EQUITY
EXPANSION NV |
|
Position |
Director |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
BNP PARIBAS FORTIS PRIVATE EQUITY
MANAGEMENT NV |
|
Position |
Director |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
DC INVESTMENTS BVBA |
|
Position |
Director |
|
Start Date |
07/05/2001 |
|
End Date |
08/05/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Erwin De Keyser |
|
Position |
Permanent representative legal entity |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Luc Weverbergh |
|
Position |
Permanent representative legal entity |
|
Start Date |
25/06/2007 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Jan Bergers |
|
Position |
Permanent representative legal entity |
|
Start Date |
05/08/2008 |
|
End Date |
25/04/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Johan Buyle |
|
Position |
Permanent representative legal entity |
|
Start Date |
25/06/2007 |
|
End Date |
05/08/2008 |
|
Street |
|
|
Post code |
|
|
Country |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
|
Euro |
1 |
INR 81.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.