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MIRA INFORM REPORT
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Report No. : |
490117 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
DCVC |
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Registered Office : |
Dadizeelsestraat
7-Bus 1, 8890 Moorslede |
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Country : |
Belgium |
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Date of Incorporation : |
07.04.2016 |
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Com. Reg. No.: |
651687372 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Electrical installations works, except
to buildings. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
|
Belgium |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
NOTE
In absence of financials, no credit limit could be recommended.
COMPANY
NAME
DCVC
COMPANY SUMMARY
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Business
Number |
651687372 |
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Branche
Unit Number |
2252080672 |
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Company
name |
DCVC |
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Address |
Dadizeelsestraat
7-Bus 1 8890
Moorslede |
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Date
of establishment |
07/04/2016 |
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Telephone
number |
- |
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Mobile
number |
32473898162 |
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Fax
number |
- |
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Liable
for VAT |
Yes |
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VAT
Number |
BE.0651.687.372
Check VAT number |
COMMENTARY
The business was established over 22 months ago.
Newly established businesses
are proven to be more of an insolvency risk
than more established businesses.
No employees are recorded for this business.
The business has been at the address for over 22
months.
ANNUAL ACCOUNTS
No key Financials Registered
PAYMENT EXPECTATIONS
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Past
payments |
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Payment
expectation days |
- |
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Industry
average payment expectation days |
101.12 |
Industry
average day sales outstanding |
119.68 |
COURT DATA SUMMARY
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BANKRUPTCY DETAILS
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Court
action type |
No |
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PROTESTED
BILLS |
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Bill
amount |
- |
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NSSO DETAILS |
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Date
of summons |
- |
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Company
information |
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Company information
|
Business
number |
651687372 |
Company
name |
DCVC |
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Fax
number |
- |
Date
founded |
07/04/2016 |
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Company
status |
active |
Company
type |
Limited
partnership |
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Currency |
Euro
(€) |
Date
of latest accounts |
- |
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Activity
code |
43212 |
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Activity
description |
Electrical
installations works, except to buildings |
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Belgian Bullettin of Acts Publications |
moniteur
belge |
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CONTRACTOR DETAILS
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Registered contractor
number |
- |
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Contractor
description |
- |
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Date
struck off register |
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Personnel
(NSSO classification) |
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Code |
- |
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Description |
- |
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Joint Industrial Committee (JIC)
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Significant
Events |
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Event Date |
07/04/2016 |
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Event Description |
Legal Creation |
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Event Details
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- |
Company accounts
Annual accounts
There
is no data for this company
Industry
comparison
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Activity
code |
43212 |
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Activity
description |
Electrical
installations works, except to buildings |
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industry average
credit rating |
76.73 |
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Industry average credit limit |
6752.96
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Payment Information
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Suspension
of payments/ moratorium history |
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Amount |
- |
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Details |
- |
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Payment Expectations |
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Payment
expectation days |
- |
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Day
sales outstanding |
- |
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Industry
comparison |
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Activity
code |
43212 |
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Activity
description |
Electrical
installations works, except to buildings |
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Industry
average payment expectation
days |
101.12 |
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Industry
average day sales outstanding |
119.68 |
INDUSTRY QUARTILE
ANALYSIS
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Payment
expectations |
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Company
result |
- |
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Lower |
82.10 |
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Median |
43.31 |
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Upper |
18.77 |
DAY SALES
OUTSTANDING
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Company
result |
- |
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Lower |
117.90 |
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Median |
70.34 |
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Upper |
34.10 |
Shareholder Details
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Summary |
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Group
- Number of Companies |
0 |
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Linkages
- Number of Companies |
0 |
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Number
of Countries |
0 |
GROUP STRUCTURE
No group structure for this company.
MINORITY SHAREHOLDERS
No minority shareholders
found
MINORITY INTERESTS
No minority interests found
COMPANIES THAT MATCH
THIS ADDRESS
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Business
number |
Company name |
Date of
accounts |
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877008573 |
VAN
HULLE, FREDERIK |
- |
Linked Companies
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Summary |
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Group
- Number of Companies |
0 |
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Linkages
- Number of Companies |
0 |
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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
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Position |
Manager |
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Start
Date |
07/04/2016 |
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Street |
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Post code
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Country |
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Name |
David
Claeys |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 64.27 |
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|
1 |
INR 89.72 |
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Euro |
1 |
INR 79.52 |
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EUR |
1 |
INR 79.34 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.