MIRA INFORM REPORT

Report No. :	506774
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	TAMINCO BVBA
Registered Office :	Pantserschipstraat  207 9000 Gent
Country :	Belgium
Financials (as on) :	31.12.2016
Date of Incorporation :	01.08.2003
Com. Reg. No.:	859910443
Legal Form :	Private  limited  liability company
Line of Business :	Subject is engaged in Manufacture  of  other chemical  products  n.e.c.
No. of Employees :	402

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

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 name and summary

Business  number	859910443
Branche  Unit  Number	2135255159
Company  name	TAMINCO  BVBA
Address	PANTSERSCHIPSTRAAT  207 9000 GENT
Date  of  establishment	01/08/2003
Telephone  number	3292541411
Mobile  number	-
Fax  number	092541410
Liable  for  VAT	yes
VAT  Number	BE.0859.910.443  Check  VAT  number

Ultimate  holding  company

Company  name	Company  Number
EASTMAN  CHEMICAL  COMPANY	-

Commentary

The  business  was  established  over  14  years  ago.

The  business  has  402  employees.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  14  years. Operating  Result  in  the  latest  trading  period  decreased  48%  on  the  previous  trading  period. The  business  saw  a  decrease  in  their  Cash  Balance  of  96%  during  the  latest  trading  period. Working  Capital  is  a  negative  amount  during  the  latest  trading  period.

Annual accounts

DATE  OF  LATEST  ACCOUNTS	TURNOVER	PROFIT  BEFORE  TAX	NET  WORTH	WORKING  CAPITAL
31/12/2016	395,966,330	-29,039,211	169,039,496	-113,640,705
31/12/2015	417,506,093	-24,426,948	167,753,443	-96,552,420
31/12/2014	414,104,700	-20,553,634	97,119,913	-126,989,230

Accounts

DATE  OF  LATEST  ACCOUNTS	BALANCE  TOTAL	NUMBER  OF  EMPLOYEES	CAPITAL	CASHFLOW
31/12/2016	878,162,578	402	7,683,870	12,730,517
31/12/2015	876,932,694	388	7,683,870	97,466,544
31/12/2014	749,061,675	382	7,683,870	-2,031,692

Payment expectations

Past  payments		Payment  expectation  days	51.10
Industry  average  payment expectation  days	87.39	Industry  average  day  sales outstanding	81.73
Day  sales  outstanding	45.09

Court  data  summary

BANKRUPTCY  DETAILS
Court  action  type	no
PROTESTED  BILLS
Bill  amount	-
NSSO  DETAILS
Date  of  summons	-

Company information

Business  number	859910443	Company  name	TAMINCO  BVBA
Fax  number	092541410	Date  founded	01/08/2003
Company  status	active	Company  type	Private  limited  liability company
Currency	Euro  (€)	Date  of  latest  accounts	31/12/2016
Activity  code	20590	Number  of  staff	402
Activity  description	Manufacture  of  other chemical  products  n.e.c.
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	08/06/2015
Event  Description	resignation-appointment  of  director(s)
Event  Details	Commentaar  01-10-2015:  De  heer  Colin  Ashton  wordt  benoemd  als  zaakvoerder  vanaf  01-10-2015.
Event  Date	01/08/2003
Event  Description Event  Details	Legal  creation

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	777,706,720	2.45	759,087,797	15.65	656,345,236	23.26	532,488,275	0.88	527,828,156
Intangible  fixed  assets	21,716,482	-25.25	29,051,778	20.44	24,121,060	52.95	15,770,496	27.08	12,410,172
Tangible  fixed  assets	81,779,744	5.31	77,657,831	1.50	76,508,035	16.59	65,622,388	6.73	61,482,074
Land  &  building	16,633,231	-5.88	17,671,441	12.38	15,724,242	7.26	14,660,380	7.32	13,660,214
Plant  &  machinery	41,797,061	-4.31	43,679,134	2.85	42,469,826	9.17	38,902,312	36.71	28,456,485
Furniture  &  Vehicles	864,268	-7.09	930,198	-9.61	1,029,126	21.69	845,702	10.03	768,634
Leasing  &  Other  Similar	2,372,872	-27.17	3,258,170	-21.37	4,143,468	-21.34	5,267,764	-15.35	6,223,334
Rights
Other  tangible  assets	20,112,311	65.96	12,118,888	-7.78	13,141,373	121	5,946,230	-51.94	12,373,407
Financial  fixed  assets	674,210,494	3.35	652,378,188	17.39	555,716,141	23.19	451,095,390	-0.63	453,935,910
Total  current  assets	100,455,858	-14.76	117,844,897	27.10	92,716,439	-8.20	100,995,349	3.15	97,913,325
Inventories	42,008,780	-15.35	49,626,775	34.89	36,791,201	10.76	33,217,535	-4.79	34,889,832
Raw  materials  &	8,096,611	-7.40	8,743,521	0.12	8,732,696	11.14	7,857,193	-8.35	8,572,821
consumables
Work  in  progress	0	-	0	-	0	-	0	-	0
Finished  goods	33,912,169	-17.05	40,883,254	45.71	28,058,505	10.64	25,360,343	-3.64	26,317,011
Other  stocks	0	-	0	-	0	-	0	-	0
Trade  debtors	48,916,574	46.04	33,494,313	-28.23	46,667,372	12.40	41,519,295	1.37	40,957,535
Other  amounts  receivable	7,289,008	-45.80	13,449,584	201	4,462,892	-42.59	7,773,385	-8.01	8,450,018
Cash	683,418	-96.57	19,943,586	665	2,605,374	-84.25	16,544,406	36.57	12,113,855
Miscellaneous  current	1,558,078	17.09	1,330,640	-39.23	2,189,600	12.82	1,940,728	29.20	1,502,084
assets
Total  Assets	878,162,578	0.14	876,932,694	17.07	749,061,675	18.24	633,483,623	1.24	625,741,480

Liabilities

Total  shareholders  equity	190,755,978	-3.07	196,805,220	62.33	121,240,972	-14.50	141,803,079	-18.84	174,714,830
Issued  share  capital	7,683,870	0	7,683,870	0	7,683,870	0	7,683,870	0	7,683,870
Share  premium  account	90,878,268	0	90,878,268	0	90,878,268	0	90,878,268	0	90,878,268
Revaluation  reserve	0	-	0	-	0	-	0	-	0
Reserves	92,193,840	-6.16	98,243,082	333	22,678,834	-47.55	43,240,941	-43.22	76,152,692
Provisions  for  Liabilities  &	6,037,681	-16.02	7,189,412	115	3,329,442	19.94	2,775,922	58.25	1,754,110
Charges
Deffered  taxes	0	-	0	-	0	-	0	-	0
Creditors	681,368,919	1.25	672,938,061	7.76	624,491,260	27.73	488,904,623	8.82	449,272,540
Other  long  term  loans	467,272,356	1.90	458,540,744	13.28	404,785,591	43.80	281,490,928	91.83	146,742,365
Other  long  term  liabilities	0	-	0	-	0	-	0	-	0
Total  long  term  debts	473,310,037	1.63	465,730,156	14.12	408,115,033	43.57	284,266,850	91.43	148,496,475
Current  portion  of  long  term	1,001,531	4.83	955,371	4.81	911,511	-3.40	943,560	1.39	930,661
debt
Financial  debts	151,228,018	21.83	124,125,819	-3.09	128,081,222	14.92	111,453,516	-47.42	211,962,149
Trade  creditors	52,155,420	-33.75	78,724,612	43.24	54,959,118	0.33	54,776,552	3.75	52,797,294
Amounts  Payable  for  Taxes,	6,756,549	-13.41	7,802,695	-15.99	9,287,396	32.87	6,989,624	4.08	6,715,790
Remuneration  &  Social
Security
Miscellaneous  current	2,955,045	5.96	2,788,821	-89.46	26,466,423	-20.40	33,250,443	10.38	30,124,282
liabilities
Total  current  liabilities	214,096,563	-0.14	214,397,318	-2.42	219,705,669	5.93	207,413,695	-31.44	302,530,176
Total  Liabilities	878,162,578	0.14	876,932,694	17.07	749,061,675	18.24	633,483,623	1.24	625,741,480

ratio  analysis

TRADING  PERFORMANCE
Profit  Before  Tax	-7.33	-25.30	-5.85	-17.94	-4.96	-208	4.57	-69.99	15.23
Return  on  capital employed	-4.37	-18.43	-3.69	95.10	-3.88	-188	4.40	-76.68	18.87
Return  on  total  assets employed	-3.31	-18.64	-2.79	-1.82	-2.74	-192	2.96	-69.64	9.75
Return  on  net  assets employed	-15.22	-22.64	-12.41	73.22	-16.95	-228	13.21	-62.15	34.90
Sales  /  net  working capital	-3.48	80.56	-4.32	-32.52	-3.26	84.68	-3.85	-96.43	-1.96
Stock  turnover  ratio	10.61	-10.77	11.89	33.90	8.88	9.49	8.11	-7.00	8.72
Creditor  days	51.10	-33.83	77.22	45.04	53.24	-1.63	54.12	1.31	53.42
Debtor  days	45.09	54.00	29.28	-28.81	41.13	11.16	37.00	-0.91	37.34
SHORT  TERM  STABILITY
Current  ratio	0.47	-14.55	0.55	30.95	0.42	-14.29	0.49	53.12	0.32
Liquidity  ratio  /  acid  ratio	0.27	-15.62	0.32	28.00	0.25	-24.24	0.33	57.14	0.21
Current  debt  ratio	1.12	2.75	1.09	-39.78	1.81	23.97	1.46	-15.61	1.73
Cashflow	12,730,517	-86.94	97,466,544	4797	-2,031,692	-106	31,297,824	-77.29	137,822,385
Net  worth	169,039,496	0.77	167,753,443	72.73	97,119,913	-22.94	126,032,583	-22.35	162,304,659
LONG  TERM  STABILITY
Gearing	324.76	9.51	296.55	-32.64	440.26	58.50	277.77	34.94	205.84
Equity  in  percentage	22.27	-4.05	23.21	38.82	16.72	-27.18	22.96	-19.41	28.49
Total  debt  ratio	3.60	4.05	3.46	-33.20	5.18	49.28	3.47	34.50	2.58
Working  capital	-113,640,705	-17.70	-96,552,420	76.03	-126,989,230	-19.33	-106,418,346	52.01	-204,616,851

Profit  &  loss

Operating  Income	410,352,743	-6.57	439,218,236	1.23	433,885,748	2.77	422,171,851	-0.36	423,697,296
Turnover	395,966,330	-5.16	417,506,093	0.82	414,104,700	1.09	409,625,866	2.32	400,318,545
Total  operating  expenses	372,531,321	0.11	372,128,763	-1.24	376,800,559	2.00	369,408,101	2.41	360,717,628
Gross  Operating  Margin	-	-	-	-	-	-	-	-	-
Operating  Charges	410,171,838	4.15	393,840,906	-0.69	396,581,607	3.83	381,954,086	-0.56	384,096,380
Employee  costs	38,170,655	-1.94	38,927,628	3.85	37,483,647	8.27	34,620,986	9.40	31,646,506
Wages  and  salary	25,419,960	-5.34	26,854,807	1.63	26,424,882	7.23	24,644,259	9.95	22,413,112
Employee  pension  costs	8,718	-98.41	549,469	95.78	280,659	-9.48	310,044	-3.26	320,489
Social  security	7,861,503	-10.44	8,778,037	10.75	7,925,868	5.37	7,521,828	5.94	7,099,888
contributions
Other  employee  costs	4,880,474	77.77	2,745,315	-3.75	2,852,239	32.98	2,144,855	18.30	1,813,017
Director  remuneration	-	-	-	-	-	-	-	-	906,626
Amortization  and depreciation	18,779,759	-14.26	21,902,297	18.20	18,530,415	19.47	15,510,993	1.68	15,254,875
Operating  result	23,435,009	-48.36	45,377,330	21.64	37,304,141	-7.24	40,217,765	1.56	39,600,916
Total  financial  income	2,849,952	-76.59	12,172,465	97.85	6,152,386	-62.26	16,300,271	-73.27	60,990,167
Total  financial  expenses	55,505,078	-32.29	81,976,743	28.07	64,010,161	69.38	37,790,316	-4.59	39,608,961
Results  on  ordinary	-29,039,211	-18.88	-24,426,948	-18.84	-20,553,634	-209	18,727,720	-69.29	60,982,122
operations  before  taxation
Extraordinary  Income	23,504,166	-77.17	102,946,531	-	-	-	-	-	81,915,296
Extraordinary  Charges	181,167	-96.17	4,724,468	6704	69,429	-93.20	1,020,970	-94.25	17,747,903
Extraordinary  items	23,322,999	-76.25	98,222,064	141472	-69,429	6.80	-1,020,970	-101	64,167,393
Results  for  the  Year  Before	-5,716,212	-107	73,795,116	357	-20,623,062	-216	17,706,750	-85.85	125,149,515
Taxation
Taxation	333,030	18.82	-1,769,132	-2802	-60,956	-103	1,919,920	-25.64	2,582,006
Results  on  ordinary	-29,372,241	-29.63	-22,657,816	-10.57	-20,492,678	-221	16,807,800	-71.22	58,400,116
operations  after  taxation
Net  result	-6,049,242	-108	75,564,248	367	-20,562,106	-230	15,786,830	-87.12	122,567,510
Profit  (Loss)  for  the  Year  to be  appropiated	-6,049,242	-108	75,564,248	367	-20,562,106	-230	15,786,830	-87.12	122,567,510
Dividends	-	-	-	-	-	-	48,698,582	-21.68	62,178,749

Social  Balance  Sheet  Details

Social  Balance  Sheet  Details

Social  Balance  Sheet	Total
During  the  reporting  year
ended  31-12-2016
Full-time  Employees	336
Part-time  Employees	85
Total  Fte  Employees	402
Number  of  hours  worked
Full-time  Employees	542,998
Part-time  Employees	101,959
Total	644,957
Personnel  Charges
Full-time  Employees	32,008,574
Part-time  Employees	6,153,363
Total	38,161,937
Benefits  In  Addition  To  Wages	541,265
During  the  previous  reporting  year
Average  number  employees  in  Fte	388
Actual  working  hours	637,388
Personnel  Charges	38,378,159
Benefits  In  Addition  To  Wages	460,614

Type  of  Contract	Full-Time	Part-Time	Total  Fte
Unlimited  Duration	332	84	397
Contracts
Limited  Duration  Contracts	9	-	9
Contracts  For  Specific  Work	-	-	-
Contracts  Regarding Substitution	-	-	-

Gender  and  Education Level

Men	Full-Time	Part-Time	Total  Fte
Primary  education	18	10	25
Secondairy  education	137	32	162
Higher  education  (non	57	6	62
university)
Higher  education	61	2	63
(university)
Women	Full-Time	Part-Time	Total  Fte
Primary  education	-	-	-
Secondairy  education	9	8	15
Higher  education  (non	23	17	37
university)
Higher  education	36	9	43
(university)

Working  Category	Full-Time	Part-Time	Total  Fte
Management	-	-	-
White  collar  worker	192	48	229
Blue  collar  worker	149	36	176
Other	-	-	-

Temporary  personnel	Total
Average  number  of  temporary  staff	25
Actual  working  hours	49,444
Cost  of  temporary  staff	1,980,283

New  staff  and  leavers	Full-Time	Part-Time	Total  Fte
New  Starters	28	-	28
Leavers	13	5	17

Total  of  formal  continuing  vocational  training  initiatives

for  workers  paid  by  the  employer	Male	Female
Number  of  employees	321	105
Number  of  training  hours	11,485	4,438
Net  costs  for  enterprise	852,113	378,873
Total  of  less  formal  and  informal  continuing  vocational
training  initiatives  for  workers  paid  by  the  employer	Male	Female
Number  of  employees	25	-
Number  of  training  hours	4,062	1,340
Net  costs  for  enterprise	220,195	75,981
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	20590
Activity  description	Manufacture  of  other  chemical  products  n.e.c.

Payment Information

Payment  Information  Summary
Total  number  of  Invoices  available	1458
Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date	1338
Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date	70
Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached	46
Total  number  of  Invoices  currently  outstanding  beyond  the  due  date	4

Suspension  of  payments  /  moratorium  history

Amount	-
Details	-

Payment  expectations

Payment  expectation  days	51.10
Day  sales  outstanding	45.09

Industry  comparison

Activity  code	20590
Activity  description	Manufacture  of  other  chemical  products  n.e.c.
Industry  average  payment	87.39
expectation  days
Industry  average  day  sales	81.73
outstanding

Industry  quartile  analysis

Payment  expectations
Company  result	51.10
Lower	73.52
Median	53.07
Upper	27.92

Day  sales  outstanding

Company  result	45.09
Lower	89.85
Median	55.80
Upper	37.21

Shareholder Details

Summary

Group  -  Number  of  Companies	17
Linkages  -  Number  of  Companies	75
Number  of  Countries	13

Group Structure

Company  name	Number	Latest
		financials
- EASTMAN  CHEMICAL  COMPANY
- - SOLUTIA  EUROPE  BVBA	460474440	31-12-2016
- - - EASTMAN  CHEMICAL  FINANCE  B.V.
- - - SOLUTIA  GREATER  CHINA,  INC
- - - TAMINCO  HOLDING  FINLAND  OY
- - SOLUTIA  SERVICES  INTERNATIONAL	460483546	31-12-2014
- - TAMINCO  GROUP  BVBA	891533631	31-12-2016
- - - TAMINCO  BVBA	859910443	31-12-2016
- - - - TAMINCO  ARGENTINA
- - - - TAMINCO  CHILI  SPA
- - - - TAMINCO  CHOLINE  CHLORIDE  CO  LTD
- - - - TAMINCO  LIMITADA
- - - - TAMINCO  MEXICO
- - - - TAMINCO  UK  LIMITED	01481215	31-12-2012
- - - - TAMINCO  US  INC
- - - - TAMINCO  DO  BRASIL  PRODUCTOS  QUIMICOS  LTD...
- - - - YIXING  TAMINCO  FEED  ADDITIVES  CO  LTD.

Minority Shareholders

Business	Company  name	%	Date  of
number			accounts
883356234	TAMINCO  NORTH  BVBA	-	31/12/2013

Minority Interests

Business number	Company  name	%	Date  of accounts
-	LING  TIAN  FINE  CHEMICAL CORPORATION  BO	50	-
891533631	TAMINCO  GROUP  BVBA	0.01	31/12/2016

Companies  that  match  this  address

Business  number	Company  name	Rating	Limit	Date  of  accounts
883357422	TAMINCO  SOUTH  NV	-	-	31/12/2011
883356234	TAMINCO  NORTH  BVBA	-	-	31/12/2013
890632521	TAMINCO  EAST  NV	-	-	31/12/2012
822972843	TAMINCO  BELGIUM  BTWE	80	1500	-
891533631	TAMINCO  GROUP  BVBA	95	7000000	31/12/2016

Linked Companies

Summary

Group  -  Number  of  Companies	17
Linkages  -  Number  of  Companies	75
Number  of  Countries	13

Linked  Companies

NAME	NUMBER	LATEST  KEY FINANCIALS	TURNOVER
EASTMAN  CHEMICAL  REGIONAL  UK.	02480003	31.12.2016	-
FLEXSYS  VERKAUF  GMBH	HRB  30755	31.12.2015	€65.268.922
TAMINCO  GROUP  HOLDINGS  S.À  R.L.	B131970	31.12.2016	-
TAMINCO  GERMANY  GMBH	HRB  7960	31.12.2014	€112.342.149
TAMINCO  NORTH  BVBA	883356234	31.12.2013	-
EASTMAN  COMPANY  UK  LIMITED	03176591	31.12.2016	£40.646.000
SOUTHWALL  EUROPE  GMBH	HRB  17324	31.12.2015	€15.160.932
EASTMAN  CHEMICAL  GMBH	HRB  80404	31.12.2015	€167.814.800
EASTMAN  CHEMICAL  B.V.	27150948	31.12.2016	€556.013.000
EASTMAN  CHEMICAL  EMEA  B.V.	33139782	31.12.2016	-
TAMINCO  ITALIA  S.R.L.	04074760960	31.12.2016	€31.598.420
SOLUTIA  UK  LIMITED	03295486	31.12.2016	£101.447.000
SOLUTIA  UK  HOLDINGS  LIMITED	03617925	31.12.2016	-
SOLUTIA  UK  INVESTMENTS  LIMITED	03617928	31.12.2016	-
SOLUTIA  CHEMICALS  FRANCE	444992663	31.12.2016	€1.160.706
FLEXSYS  DISTRIBUTION  GMBH	HRB  30677	31.12.2013	-
SOLUTIA  ITALIA  SRL	03764480269	31.12.2016	€3.006.901
EASTMAN  CHEMICAL  DEUTSCHLAND GMBH	HRB  39796	31.12.2007	€118.160.186
SOLUTIA  DEUTSCHLAND  GMBH	HRB  80012	31.12.2015	-
INDUSTRIEPARK  NIENBURG  GMBH	HRB  30621	31.12.2015	-

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	01/04/2018
Name	ERWIN  DIJKMAN
Name	Johan  Rousseau
Position	Manager
Start  Date	01/04/2018
Name	DAVID  GOLDEN
Position	Manager
Start  Date	08/01/2015
Country	United  States
Name	Sabine  Ketsman
Position	Manager
Start  Date	01/04/2013
Street	52 KAMPENSTRAAT  HERZELE
Post  code	9552
Country	Belgium

Current  mandates  in  other  companies

Name	CATALISTI  VZW
Business  number	842026316
Position	Director
Start  Date	21/12/2011

Former  director  details

Name	Guy  Wouters
Position	Director
Start  Date	01/01/2010
End  Date	01/10/2012
Street	15 SLEUTELBLOEMLAAN  ZAVENTEM
Post  code	1933
Country	Belgium

Position	Manager
Start  Date	01/10/2012
End  Date	01/09/2014
Street	15 SLEUTELBLOEMLAAN  ZAVENTEM
Post  code	1933
Country	Belgium
Name	Johan  De  Saegher
Position	Director
Start  Date	01/01/2010
End  Date	01/10/2012
Date  of  birth	02/02/1965
Street	7 PROSPER  DE  TROYERLAAN  DESTELBERGEN
Post  code	9070
Country	Belgium
Position	Manager
Start  Date	01/10/2012
End  Date	05/12/2014
Date  of  birth	02/02/1965
Street	7 PROSPER  DE  TROYERLAAN  DESTELBERGEN
Post  code	9070
Country	Belgium
Name	Kurt  Decat
Position	Director
Start  Date	31/08/2007
End  Date	01/10/2012
Date  of  birth	23/06/1965
Street	48 LEON  GILLIOTLAAN  AARTSELAAR
Post  code	2630
Country	Belgium
Position	Person  responsible  for  day-to-day  management
Start  Date	31/08/2007
End  Date	20/12/2014
Date  of  birth	23/06/1965
Street	48 LEON  GILLIOTLAAN  AARTSELAAR
Post  code	2630
Country	Belgium
Position	Manager
Start  Date	01/10/2012
End  Date	20/12/2014
Date  of  birth	23/06/1965
Street	48 LEON  GILLIOTLAAN  AARTSELAAR
Post  code	2630
Country	Belgium
Name	Laurent  Lenoir
Position	Director
Start  Date	01/01/2010
End  Date	01/10/2012
Street	25 MAARSCHALKLAAN  BRUSSEL
Post  code	1180
Country	Belgium
Position	Manager
Start  Date	01/10/2012
End  Date	20/12/2014
Street	25 MAARSCHALKLAAN  BRUSSEL
Post  code	1180
Country	Belgium
Name	Piet  Vanneste
Position	Director
Start  Date	01/01/2010
End  Date	01/10/2012
Street	93 Krepelstraat  Ninove
Post  code	9400
Country	Belgium
Position	Manager
Start  Date	01/10/2012
End  Date	22/12/2014
Street	93 Krepelstraat  Ninove
Post  code	9400
Country	Belgium
Name	Pol  Vanderhaeghen
Position	Director
Start  Date	01/08/2003
End  Date	01/01/2010
Street
Post  code
Country
Position	Person  responsible  for  day-to-day  management
Start  Date	06/08/2003
End  Date	01/01/2010
Name	Hilde  Famaey
Position	Director
Start  Date	01/08/2003
End  Date	31/08/2007
Date  of  birth	12/03/1966
Street	7 DAVID  TENIERSLAAN  KORTRIJK
Post  code	8500
Country	Belgium
Name	PAUL  LAMERS
Position	Director
Start  Date	28/05/2004
End  Date	31/08/2007
Country	The  Netherlands
Name	DIMACOR  BVBA

Position	Director
Start  Date	22/04/2004
End  Date	12/05/2006
Street
Post  code
Country
Name	ANDIDA  BOUMA
Position	Director
Start  Date	30/09/2003
End  Date	28/05/2004
Name	Paul  Huyghe
Position	Director
Start  Date	01/08/2003
End  Date	22/04/2004
Name	Carl  Verstraelen
Position	Permanent  representative  legal  entity
Start  Date	22/04/2004
End  Date	12/05/2006
Name	Murray  Deal
Position	Manager
Start  Date	08/01/2015
End  Date	01/04/2018
Country	The  Netherlands
Name	RANDALL  GOUVEIA
Position	Manager
Start  Date	01/04/2013
End  Date	01/04/2018
Country	United  States
Name	Colin  Ashton
Position	Manager
Start  Date	01/10/2015
End  Date	31/03/2016
Street	27-29  Rue  de  la  Longue  Haie  Bruxelles
Post  code	1000
Country	Belgium
Name	EDWARD  YOCUM  JR
Position	Manager
Start  Date	01/04/2013
End  Date	07/01/2015

Former  mandates  in  other  companies

Name	TAMINCO  SOUTH  NV
Business  number	883357422
Position	Permanent  representative  legal  entity
Start  Date	15/11/2011
End  Date	10/05/2012
Business  number	883357422
Position	Liquidator
Start  Date	15/11/2011
End  Date	10/05/2012

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
Euro	1	INR 80.49

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	DNS

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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.