|
|
|
MIRA INFORM REPORT
|
Report No. : |
505852 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TESTAS NV |
|
|
|
|
Registered Office : |
Jacobsveldweg 12 2160 Wommelgem |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
29.10.1973 |
|
|
|
|
Com. Reg. No.: |
413723905 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
59 |
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 : |
Good |
|
|
|
|
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 |
413723905 |
|
Branche Unit Number |
2008993427 |
|
Company name |
TESTAS NV |
|
Address |
JACOBSVELDWEG 12 2160 WOMMELGEM |
|
Date of establishment |
29/10/1973 |
|
Telephone number |
3233552060 |
|
Mobile number |
- |
|
Fax number |
033552061 |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0413.723.905 Check VAT number |
Ultimate
holding company
|
Company name |
Company Number |
|
TS-TEAM NV |
455155672 |
Commentary
The business was established over
44 years ago.
The business has 59 employees.
The business is part of a
group.
The business has been at the
address for over 20 years.
Operating Result in the latest
trading period increased 87% on the
previous trading period.
Pre-tax profits increased by 75%
compared to the previous trading period.
The business saw a decrease in
their Cash Balance of 60% during the
latest trading period.
Annual
accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
70,447,118 |
5,057,049 |
17,741,079 |
15,249,896 |
|
31/12/2015 |
68,876,204 |
2,888,438 |
20,356,515 |
18,030,621 |
|
31/12/2014 |
63,341,663 |
3,587,699 |
19,379,502 |
16,775,003 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
30,280,618 |
59 |
1,784,833 |
3,605,487 |
|
31/12/2015 |
30,505,421 |
56 |
1,784,833 |
2,314,251 |
|
31/12/2014 |
26,934,158 |
55 |
1,784,833 |
2,858,039 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
12.25 |
|
Industry average payment |
50.31 |
Industry average day sales |
79 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
55.53 |
|
|
Court
data summary
BANKRUPTCY
DETAILS
|
Court action type |
no |
PROTESTED
BILLS
|
Bill amount |
- |
NSSO
DETAILS
|
Date of summons |
- |
Company
information
|
Business number |
413723905 |
Company name |
TESTAS NV |
|
Fax number |
033552061 |
Date founded |
29/10/1973 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2016 |
|
Activity code |
46720 |
Number of staff |
59 |
|
Activity description |
Wholesale of metals and metal ores |
|
|
|
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 |
14904 |
|
Description |
Joint subcommittee for the trade
in metals |
|
category |
|
|
Significant Events |
|
|
Event Date |
28/05/2015 |
|
Event Description |
|
|
Event Details |
Neergelegd stuk : eenparige
schriftelijke besluiten van de aandeelhouders genomen
op 28/5/2015 in overeenstemming met artikel
556 van het Wetboek van Vennootschappen. |
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 |
2,523,893 |
6.51 |
2,369,709 |
-10.88 |
2,659,120 |
-7.11 |
2,862,551 |
-11.85 |
3,247,206 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
572,981 |
0.84 |
568,184 |
-33.73 |
857,435 |
-19.38 |
1,063,596 |
-23.55 |
1,391,159 |
|
Land & building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant & machinery |
524,245 |
5.78 |
495,619 |
-34.56 |
757,413 |
-24.77 |
1,006,773 |
-24.98 |
1,342,014 |
|
Furniture & Vehicles |
10,236 |
-50.94 |
20,865 |
-40.59 |
35,122 |
-38.19 |
56,823 |
15.62 |
49,145 |
|
Leasing & Other Similar Rights |
38,500 |
-25.53 |
51,700 |
-20.34 |
64,900 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
1,950,912 |
8.29 |
1,801,525 |
-0.01 |
1,801,685 |
0.15 |
1,798,955 |
-3.08 |
1,856,047 |
|
Total current assets |
27,756,725 |
-1.35 |
28,135,712 |
15.90 |
24,275,038 |
8.88 |
22,295,973 |
3.91 |
21,456,078 |
|
Inventories |
9,685,661 |
13.37 |
8,543,443 |
-5.15 |
9,007,158 |
-3.90 |
9,373,116 |
-8.10 |
10,199,763 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
9,685,661 |
13.37 |
8,543,443 |
-5.15 |
9,007,158 |
-3.90 |
9,373,116 |
-8.10 |
10,199,763 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
10,717,749 |
8.19 |
9,906,792 |
3.05 |
9,613,145 |
9.60 |
8,771,215 |
-9.18 |
9,657,836 |
|
Other amounts receivable |
7,106,234 |
-23.46 |
9,284,008 |
275 |
2,473,975 |
-20.15 |
3,098,176 |
1134 |
250,898 |
|
Cash |
99,851 |
-60.24 |
251,136 |
-91.61 |
2,991,826 |
260 |
829,613 |
-25.04 |
1,106,703 |
|
Miscellaneous current assets |
147,230 |
-2.06 |
150,333 |
-20.43 |
188,934 |
-15.60 |
223,854 |
-7.07 |
240,878 |
|
Total Assets |
30,280,618 |
-0.74 |
30,505,421 |
13.26 |
26,934,158 |
7.06 |
25,158,524 |
1.84 |
24,703,284 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
17,741,079 |
-12.85 |
20,356,515 |
5.04 |
19,379,502 |
6.90 |
18,129,377 |
4.06 |
17,421,327 |
|
Issued share capital |
1,784,833 |
0 |
1,784,833 |
0 |
1,784,833 |
0.00 |
1,784,833 |
0 |
1,784,833 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
15,956,246 |
-14.08 |
18,571,682 |
5.55 |
17,594,669 |
7.65 |
16,344,544 |
4.53 |
15,636,494 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
12,395 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
12,539,539 |
23.56 |
10,148,906 |
34.34 |
7,554,656 |
7.48 |
7,029,147 |
-3.31 |
7,269,562 |
|
Other long term loans |
32,710 |
-25.35 |
43,815 |
-19.78 |
54,621 |
- |
0 |
- |
0 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
32,710 |
-25.35 |
43,815 |
-19.78 |
54,621 |
- |
0 |
-100 |
12,395 |
|
Current portion of long term debt |
11,105 |
2.77 |
10,806 |
2.77 |
10,515 |
- |
0 |
- |
0 |
|
Financial debts |
1,072,362 |
0 |
1,072,362 |
0 |
1,072,362 |
27.41 |
841,638 |
-45.14 |
1,534,044 |
|
Trade creditors |
2,230,157 |
-55.69 |
5,032,819 |
82.21 |
2,762,060 |
-25.17 |
3,690,888 |
20.79 |
3,055,623 |
|
Amounts Payable for Taxes, |
2,843,600 |
90.51 |
1,492,652 |
-27.87 |
2,069,355 |
18.15 |
1,751,435 |
-0.38 |
1,758,081 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
6,349,605 |
154 |
2,496,452 |
57.43 |
1,585,743 |
112 |
745,186 |
-19.16 |
921,813 |
|
Total current liabilities |
12,506,829 |
23.77 |
10,105,091 |
34.73 |
7,500,035 |
6.70 |
7,029,147 |
-3.31 |
7,269,562 |
|
Total Liabilities |
30,280,618 |
-0.74 |
30,505,421 |
13.26 |
26,934,158 |
7.06 |
25,158,524 |
1.84 |
24,703,284 |
Ratio analysis
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
7.18 |
71.36 |
4.19 |
-25.97 |
5.66 |
77.99 |
3.18 |
-18.25 |
3.89 |
|
Return on capital employed |
28.45 |
100 |
14.16 |
-23.29 |
18.46 |
74.32 |
10.59 |
-23.37 |
13.82 |
|
Return on total assets employed |
16.70 |
76.35 |
9.47 |
-28.90 |
13.32 |
74.57 |
7.63 |
-21.74 |
9.75 |
|
Return on net assets employed |
28.50 |
100 |
14.19 |
-23.34 |
18.51 |
74.79 |
10.59 |
-23.43 |
13.83 |
|
Sales / net working capital |
4.62 |
20.94 |
3.82 |
1.06 |
3.78 |
-4.30 |
3.95 |
-9.40 |
4.36 |
|
Stock turnover ratio |
13.75 |
10.89 |
12.40 |
-12.80 |
14.22 |
-8.55 |
15.55 |
-5.59 |
16.47 |
|
Creditor days |
12.25 |
-55.49 |
27.52 |
65.09 |
16.67 |
-27.05 |
22.85 |
23.18 |
18.55 |
|
Debtor days |
55.53 |
5.77 |
52.50 |
-5.22 |
55.39 |
4.25 |
53.13 |
-6.67 |
56.93 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
2.22 |
-20.14 |
2.78 |
-14.20 |
3.24 |
2.21 |
3.17 |
7.46 |
2.95 |
|
Liquidity ratio / acid ratio |
1.44 |
-25.77 |
1.94 |
-4.90 |
2.04 |
10.87 |
1.84 |
18.71 |
1.55 |
|
Current debt ratio |
0.70 |
40.0 |
0.50 |
28.21 |
0.39 |
0 |
0.39 |
-7.14 |
0.42 |
|
Cashflow |
3,605,487 |
55.79 |
2,314,251 |
-19.03 |
2,858,039 |
61.43 |
1,770,421 |
-16.15 |
2,111,513 |
|
Net worth |
17,741,079 |
-12.85 |
20,356,515 |
5.04 |
19,379,502 |
6.90 |
18,129,377 |
4.06 |
17,421,327 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
6.29 |
13.54 |
5.54 |
-5.62 |
5.87 |
26.51 |
4.64 |
-47.33 |
8.81 |
|
Equity in percentage |
58.59 |
-12.20 |
66.73 |
-7.26 |
71.95 |
-0.15 |
72.06 |
2.18 |
70.52 |
|
Total debt ratio |
0.71 |
42.00 |
0.50 |
28.21 |
0.39 |
0 |
0.39 |
-7.14 |
0.42 |
|
Working capital |
15,249,896 |
-15.42 |
18,030,621 |
7.49 |
16,775,003 |
9.88 |
15,266,826 |
7.62 |
14,186,516 |
Profit & loss
|
Operating Income |
71,634,510 |
2.46 |
69,913,236 |
8.62 |
64,366,022 |
5.22 |
61,171,370 |
-2.53 |
62,758,037 |
|
Turnover |
70,447,118 |
2.28 |
68,876,204 |
8.74 |
63,341,663 |
5.11 |
60,261,239 |
-2.68 |
61,921,733 |
|
Total operating expenses |
66,464,171 |
-0.43 |
66,748,608 |
10.36 |
60,480,483 |
2.60 |
58,948,529 |
-1.93 |
60,111,199 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
67,651,563 |
-0.20 |
67,785,640 |
10.21 |
61,504,842 |
2.75 |
59,858,661 |
-1.79 |
60,947,503 |
|
Employee costs |
3,635,519 |
2.31 |
3,553,510 |
-0.83 |
3,583,086 |
8.93 |
3,289,441 |
-1.36 |
3,334,756 |
|
Wages and salary |
- |
- |
- |
- |
2,487,675 |
8.76 |
2,287,370 |
-0.71 |
2,303,632 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
- |
- |
893,376 |
12.34 |
795,227 |
-5.27 |
839,507 |
|
Other employee costs |
3,635,519 |
2.31 |
3,553,510 |
1658 |
202,035 |
-2.32 |
206,844 |
7.95 |
191,616 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
201,064 |
-44.64 |
363,188 |
-6.18 |
387,127 |
-0.74 |
390,009 |
-5.32 |
411,911 |
|
Operating result |
3,982,947 |
87.20 |
2,127,596 |
-25.64 |
2,861,180 |
117 |
1,312,709 |
-27.50 |
1,810,533 |
|
Total financial income |
2,507,347 |
5.16 |
2,384,349 |
15.57 |
2,063,145 |
10.47 |
1,867,531 |
-0.19 |
1,871,073 |
|
Total financial expenses |
1,433,245 |
-11.72 |
1,623,507 |
21.46 |
1,336,626 |
5.99 |
1,261,117 |
-0.85 |
1,271,955 |
|
Results on ordinary operations |
5,057,049 |
75.08 |
2,888,438 |
-19.49 |
3,587,699 |
86.94 |
1,919,124 |
-20.36 |
2,409,651 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
3,784 |
-71.52 |
13,288 |
1491 |
835 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
- |
- |
3,784 |
-71.52 |
13,288 |
1491 |
835 |
|
Results for the Year Before |
5,057,049 |
75.08 |
2,888,438 |
-19.58 |
3,591,483 |
85.85 |
1,932,412 |
-19.83 |
2,410,486 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Taxation |
1,652,626 |
76.30 |
937,375 |
-16.35 |
1,120,571 |
103 |
552,000 |
-22.35 |
710,883 |
|
Results on ordinary operations |
3,404,423 |
74.49 |
1,951,063 |
-20.92 |
2,467,128 |
80.46 |
1,367,124 |
-19.52 |
1,698,767 |
|
after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
3,404,423 |
74.49 |
1,951,063 |
-21.04 |
2,470,912 |
79.00 |
1,380,412 |
-18.78 |
1,699,602 |
|
Profit (Loss) for the Year
to be appropiated |
3,404,423 |
74.49 |
1,951,063 |
-21.04 |
2,470,912 |
79.00 |
1,380,412 |
-18.78 |
1,699,602 |
|
Dividends |
6,019,859 |
518 |
974,050 |
-20.21 |
1,220,787 |
81.57 |
672,362 |
-20.11 |
841,638 |
Social
Balance Sheet Details
|
Social Balance Sheet Details |
|
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2016 |
|
|
Full-time Employees |
48 |
|
Part-time Employees |
15 |
|
Total Fte Employees |
59 |
|
Number of hours worked |
|
|
Full-time Employees |
78,519 |
|
Part-time Employees |
20,072 |
|
Total |
98,591 |
|
Personnel Charges |
|
|
Full-time Employees |
2,697,705 |
|
Part-time Employees |
937,811 |
|
Total |
3,635,516 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
59 |
|
Actual working hours |
98,591 |
|
Personnel Charges |
3,635,516 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
48 |
15 |
60 |
|
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 |
29 |
1 |
30 |
|
Higher education (non |
11 |
2 |
13 |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
1 |
2 |
|
Higher education (non university) |
6 |
11 |
15 |
|
Higher education (university) |
1 |
- |
1 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
19 |
14 |
30 |
|
Blue collar worker |
29 |
1 |
30 |
|
Other |
- |
- |
- |
|
Temporary
personnel |
Total |
|
Average number of temporary staff |
4 |
|
Actual working hours |
7,252 |
|
Cost of temporary staff |
219,498 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
11 |
- |
11 |
|
Leavers |
9 |
- |
9 |
|
Total
of formal continuing vocational training
initiatives |
|
|
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
3 |
2 |
|
Number of training hours |
24 |
20 |
|
Net costs for enterprise |
870 |
559 |
|
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 |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
Payment Information
|
Payment
Information Summary |
|
|
Total number of Invoices available |
347 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
309 |
|
Total number of Invoices paid
more than 30 days after the due
date |
21 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
13 |
|
Total number of Invoices currently
outstanding beyond the due date |
4 |
Suspension of payments / moratorium
history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment expectation days |
12.25 |
|
Day sales outstanding |
55.53 |
Industry comparison
|
Activity code |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
|
Industry average payment expectation days |
50.31 |
|
Industry average day sales outstanding |
79 |
Industry
quartile analysis
Payment expectations
|
Company result |
12.25 |
|
Lower |
55.64 |
|
Median |
34.50 |
|
Upper |
17.16 |
|
Day
sales outstanding |
|
|
Company result |
55.53 |
|
Lower |
94.06 |
|
Median |
61.18 |
|
Upper |
35.27 |
Shareholder
Details
|
Summary |
|
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Company name |
Number |
Latest |
|
|
|
financials |
|
- TS-TEAM NV |
455155672 |
31-12-2014 |
|
- - TESTAS NV |
413723905 |
31-12-2014 |
|
- - - AGIMOB NV |
437957077 |
31-12-2014 |
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
Linked
Companies
|
Summary |
|
|
Group - Number of Companies |
3 |
|
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 |
01/07/2008 |
|
Street |
58 OEDELEMSESTRAAT OOSTKAMP |
|
Post code |
8020 |
|
Country |
Belgium |
|
Name |
Ives Verheyden |
|
Position |
Director |
|
Start Date |
29/06/2007 |
|
Street |
58 OEDELEMSESTRAAT OOSTKAMP |
|
Post code |
8020 |
|
Country |
Belgium |
|
Name |
EMANUEL VAN BOXTEL |
|
Position |
Director |
|
Start Date |
01/07/2015 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Maxence Le Grelle |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
Street |
19 BORGAKKER LILLE |
|
Post code |
2275 |
|
Country |
Belgium |
|
Name |
Ann Heirstrate |
|
Position |
Director |
|
Start Date |
12/06/2006 |
|
Street |
9 HET LOO WIJNEGEM |
|
Post code |
2110 |
|
Country |
Belgium |
Former director details
|
Name |
GERT DEKKER |
|
Position |
Director |
|
Start Date |
08/05/2011 |
|
End Date |
01/07/2015 |
|
Street |
3 BURGEMEESTER VRIESWIJKWEG |
|
Post code |
8085 |
|
Country |
The Netherlands |
|
Name |
JOHANNES VAN ZEELAND |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
End Date |
08/05/2012 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Patrick Nijs |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
End Date |
04/04/2012 |
|
Date of birth |
27/09/1963 |
|
Street |
25 CATSBEEKSTRAAT HOESELT |
|
Post code |
3730 |
|
Country |
Belgium |
|
Name |
JOHANNES AARTS |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
End Date |
01/08/2010 |
|
Street |
|
|
Post code |
|
|
Country |
The Netherlands |
|
Name |
Raymond Robeers |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
End Date |
15/01/2010 |
|
Date of birth |
22/05/1957 |
|
Street |
69 RUE HAUTE SAIVE BLÉGNY |
|
Post code |
4671 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.36 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
|
Euro |
1 |
INR 81.47 |
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.