|
|
|
MIRA INFORM REPORT
|
Report No. : |
494221 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JOS VANNESTE NV |
|
|
|
|
Registered Office : |
Peter
Pauwel Rubensstraat 3 8530 Harelbeke |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.03.1986 |
|
|
|
|
Com. Reg. No.: |
428663784 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Preparation and Spinning of Textile Fibres. |
|
|
|
|
No. of Employees : |
32 |
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 : |
Slow but Correct |
|
|
|
|
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. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. Belgium is 100% 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.
Belgium’s GDP grew by 1.4% in 2016, unemployment at yearend was 8.4%, and the budget deficit was 2.7% of GDP. The economy largely recovered from the March 2016 terrorist attacks, which 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 107% 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 tax policy, 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.
|
Source
: CIA |
Company
name and address
|
Business
number |
428663784 |
|
Branche
Unit Number |
2032934215 |
|
Company
name |
JOS
VANNESTE NV |
|
Address |
PETER
PAUWEL RUBENSSTRAAT 3 |
|
|
8530
HARELBEKE |
|
Date
of establishment |
14/03/1986 |
|
Telephone
number |
3250628744 |
|
Mobile
number |
- |
|
Fax
number |
056711285 |
|
Liable
for VAT |
yes |
|
VAT
Number |
BE.0428.663.784
Check VAT number |
Ultimate Holding Company
|
Company
name |
Company
Number |
|
FLANDERS
FLAX HOLDING BVBA |
884058592 |
Commentary
The
business was established over 31 years ago.
The
business has 32 employees.
The
business is part of a group.
The
business has been at the address for
over 4 years.
Pre-tax
profits decreased by 106% compared to
the previous trading period.
ANNUAL ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
26,178,583 |
-17,583 |
2,187,065 |
1,786,054 |
|
31/12/2015 |
27,306,837 |
252,991 |
2,170,536 |
2,058,923 |
|
31/12/2014 |
31,179,669 |
210,458 |
1,971,803 |
2,078,843 |
ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
10,705,173 |
32 |
700,000 |
457,280 |
|
31/12/2015 |
9,511,365 |
33 |
700,000 |
575,358 |
|
31/12/2014 |
11,193,049 |
34 |
700,000 |
1,742,197 |
PAYMENT EXPECTATIONS
|
Past
payments |
|
Payment
expectation days |
71.60 |
|
Industry
average payment |
67.09 |
Industry
average day sales |
77.05 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
65.03 |
|
|
COURT DATA SUMMARY
|
BANKRUPTCY
DETAILS |
|
|
Court
action type |
no |
|
PROTESTED
BILLS |
|
|
Bill
amount |
- |
|
NSSO
DETAILS |
|
|
Date
of summons |
- |
Company information
|
Business
number |
428663784 |
Company name |
JOS
VANNESTE NV |
|
Fax number |
056711285 |
Date founded |
14/03/1986 |
|
Company
status |
active |
Company type |
Public
Limited Company |
|
Currency |
Euro
(€) |
Date of
latest accounts |
31/12/2016 |
|
Activity code |
13100 |
Number
of staff |
32 |
|
Activity
description |
Preparation
and spinning of textile fibres |
|
|
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
Contractor details
|
Joint
Industrial Committee (JIC) |
|
|
JIC
Code |
120 |
|
Description |
Joint
committee for the textile industry and
knitting |
|
category |
|
|
JIC
Code |
214 |
|
Description |
JC
for the employees in the textile
industry and the knitting |
|
category |
|
|
Significant
Events |
|
|
Event
Date |
01/12/2011 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
01-12-2011: Herbenoemd als bestuurders tot
de jaarvergadering van 2017 : Vanninvest
Nv (tevens voorzitter van de raad
van bestuur) en Flanders Flax Holding
BVBA (tevens gedelegeerd bestuurder). |
Company accounts
Assets
|
Annual
accounts |
31-12-2016 |
% |
31-12-2015 |
% |
31-12-2014 |
% |
31-12-2013 |
% |
30-06-2012 |
|
Weeks |
52 |
|
52 |
|
52 |
|
78 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
1,725,615 |
64.52 |
1,048,856 |
33.04 |
788,384 |
-64.49 |
2,220,260 |
-3.35 |
2,297,176 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
1,723,700 |
64.64 |
1,046,941 |
33.12 |
786,469 |
-64.55 |
2,218,346 |
-2.86 |
2,283,648 |
|
Land
& building |
0 |
- |
0 |
- |
0 |
-100 |
1,467,311 |
-4.82 |
1,541,541 |
|
Plant
& machinery |
854,408 |
38.26 |
617,969 |
-6.56 |
661,355 |
0.04 |
661,124 |
7.21 |
616,662 |
|
Furniture
& Vehicles |
33,573 |
145 |
13,695 |
1.20 |
13,532 |
-50.64 |
27,413 |
-21.66 |
34,991 |
|
Leasing
& Other Similar Rights |
106,164 |
65.47 |
64,160 |
-2.41 |
65,744 |
- |
0 |
- |
0 |
|
Other
tangible assets |
729,555 |
107 |
351,117 |
666 |
45,838 |
-26.66 |
62,498 |
-30.91 |
90,454 |
|
Financial
fixed assets |
1,914 |
0 |
1,914 |
0 |
1,914 |
0 |
1,914 |
-85.85 |
13,528 |
|
Total
current assets |
8,979,559 |
6.11 |
8,462,509 |
-18.67 |
10,404,666 |
33.04 |
7,820,641 |
0.41 |
7,788,338 |
|
Inventories |
2,820,572 |
48.62 |
1,897,818 |
-34.95 |
2,917,262 |
32.54 |
2,201,096 |
-31.75 |
3,225,069 |
|
Raw
materials & consumables |
653,722 |
58.23 |
413,135 |
-43.41 |
729,994 |
31.42 |
555,468 |
-1.60 |
564,476 |
|
Work
in progress |
215,808 |
72.59 |
125,043 |
-6.20 |
133,312 |
-18.47 |
163,506 |
-35.44 |
253,280 |
|
Finished
goods |
1,951,043 |
43.50 |
1,359,640 |
-33.11 |
2,032,662 |
37.15 |
1,482,122 |
-38.18 |
2,397,429 |
|
Other
stocks |
0 |
- |
0 |
-100 |
21,294 |
- |
0 |
-100 |
9,885 |
|
Trade
debtors |
4,663,869 |
-10.21 |
5,193,980 |
-17.01 |
6,258,545 |
23.32 |
5,074,841 |
18.43 |
4,284,935 |
|
Other
amounts receivable |
990,822 |
29.22 |
766,779 |
3.45 |
741,241 |
74.87 |
423,873 |
338 |
96,579 |
|
Cash |
493,046 |
-16.85 |
592,932 |
24.14 |
477,618 |
357 |
104,398 |
-33.61 |
157,260 |
|
Miscellaneous
current assets |
11,250 |
2.27 |
11,000 |
10.0 |
10,000 |
-39.15 |
16,434 |
-32.91 |
24,495 |
|
Total
Assets |
10,705,173 |
12.55 |
9,511,365 |
-15.02 |
11,193,049 |
11.47 |
10,040,901 |
-0.44 |
10,085,514 |
Liabilities
|
Total
shareholders equity |
2,187,065 |
0.76 |
2,170,536 |
10.08 |
1,971,803 |
13.70 |
1,734,152 |
-23.01 |
2,252,437 |
|
Issued
share capital |
700,000 |
0 |
700,000 |
0 |
700,000 |
0 |
700,000 |
0 |
700,000 |
|
Share
premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation
reserve |
0 |
- |
0 |
- |
0 |
-100 |
1,248,889 |
-3.97 |
1,300,579 |
|
Reserves |
1,487,065 |
1.12 |
1,470,536 |
15.63 |
1,271,803 |
592 |
-214,737 |
-185 |
251,858 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
257 |
|
Deffered
taxes |
652,903 |
0 |
652,903 |
0 |
652,903 |
65084 |
1,002 |
-74.56 |
3,937 |
|
Creditors |
7,865,205 |
17.60 |
6,687,926 |
-21.95 |
8,568,343 |
3.16 |
8,305,748 |
6.09 |
7,828,883 |
|
Other
long term loans |
671,700 |
136 |
284,340 |
17.24 |
242,520 |
-40.31 |
406,301 |
-19.78 |
506,509 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
-100 |
200,000 |
0 |
200,000 |
|
Total
long term debts |
1,324,603 |
41.33 |
937,243 |
4.67 |
895,423 |
47.44 |
607,303 |
-14.55 |
710,703 |
|
Current
portion of long term debt |
209,674 |
-3.40 |
217,053 |
-8.71 |
237,767 |
10.88 |
214,435 |
9.36 |
196,080 |
|
Financial
debts |
1,106,743 |
34.42 |
823,333 |
162 |
313,519 |
-88.63 |
2,758,564 |
222 |
856,418 |
|
Trade
creditors |
5,072,323 |
16.10 |
4,368,904 |
-40.40 |
7,329,879 |
121 |
3,308,839 |
-39.79 |
5,495,488 |
|
Amounts
Payable for Taxes, |
219,771 |
-18.71 |
270,348 |
10.25 |
245,210 |
-2.68 |
251,953 |
-11.30 |
284,042 |
|
Remuneration
& Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
584,994 |
-19.19 |
723,948 |
262 |
199,449 |
-82.89 |
1,165,655 |
301 |
290,347 |
|
Total
current liabilities |
7,193,505 |
12.34 |
6,403,586 |
-23.09 |
8,325,823 |
8.14 |
7,699,446 |
8.10 |
7,122,374 |
|
Total
Liabilities |
10,705,173 |
12.55 |
9,511,365 |
-15.02 |
11,193,049 |
11.47 |
10,040,901 |
-0.44 |
10,085,514 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
-0.07 |
-107 |
0.93 |
38.81 |
0.67 |
70.53 |
-0.95 |
-600 |
0.19 |
|
Return
on capital employed |
-0.50 |
-106 |
8.14 |
10.90 |
7.34 |
48.42 |
-15.16 |
-1160 |
1.43 |
|
Return
on total assets employed |
-0.16 |
-106 |
2.66 |
41.49 |
1.88 |
53.11 |
-3.54 |
-942 |
0.42 |
|
Return
on net assets employed |
-0.80 |
-106 |
11.66 |
9.28 |
10.67 |
52.13 |
-20.47 |
-1188 |
1.88 |
|
Sales
/ net working capital |
14.66 |
10.56 |
13.26 |
-11.60 |
15.00 |
-95.15 |
309.12 |
804 |
34.16 |
|
Stock
turnover ratio |
10.77 |
54.96 |
6.95 |
-25.75 |
9.36 |
59.18 |
5.88 |
-58.53 |
14.18 |
|
Creditor
days |
71.60 |
20.95 |
59.20 |
-32.52 |
87.73 |
169 |
32.56 |
-63.62 |
89.51 |
|
Debtor
days |
65.03 |
-6.34 |
69.43 |
-5.23 |
73.26 |
48.18 |
49.44 |
-28.09 |
68.75 |
SHORT TERM STABILITY
|
Current
ratio |
1.25 |
-5.30 |
1.32 |
5.60 |
1.25 |
22.55 |
1.02 |
-6.42 |
1.09 |
|
Liquidity
ratio / acid ratio |
0.86 |
-16.50 |
1.03 |
14.44 |
0.90 |
23.29 |
0.73 |
14.06 |
0.64 |
|
Current
debt ratio |
3.29 |
11.53 |
2.95 |
-30.09 |
4.22 |
-4.95 |
4.44 |
40.51 |
3.16 |
|
Cashflow |
457,280 |
-20.52 |
575,358 |
-66.98 |
1,742,197 |
1506 |
-115,633 |
-147 |
241,037 |
|
Net
worth |
2,187,065 |
0.76 |
2,170,536 |
10.08 |
1,971,803 |
13.70 |
1,734,152 |
-23.01 |
2,252,437 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
90.90 |
48.94 |
61.03 |
51.59 |
40.26 |
-79.34 |
194.87 |
181 |
69.21 |
|
Equity
in percentage |
20.43 |
-10.47 |
22.82 |
29.51 |
17.62 |
2.03 |
17.27 |
-22.66 |
22.33 |
|
Total
debt ratio |
3.89 |
15.09 |
3.38 |
-27.78 |
4.68 |
-2.30 |
4.79 |
37.64 |
3.48 |
|
Working
capital |
1,786,054 |
-13.25 |
2,058,923 |
-0.96 |
2,078,843 |
1615 |
121,195 |
-81.80 |
665,963 |
PROFIT & LOSS
|
Operating
Income |
27,025,394 |
-0.77 |
27,235,010 |
-9.67 |
30,149,075 |
-17.91 |
36,726,106 |
58.86 |
23,118,021 |
|
Turnover |
26,178,583 |
-4.13 |
27,306,837 |
-12.42 |
31,179,669 |
-16.77 |
37,463,256 |
64.68 |
22,748,685 |
|
Total
operating expenses |
25,856,019 |
-4.01 |
26,935,259 |
-11.68 |
30,496,033 |
-17.77 |
37,087,808 |
65.50 |
22,408,941 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Charges |
27,059,889 |
0.73 |
26,863,432 |
-8.83 |
29,465,439 |
-18.94 |
36,350,659 |
59.58 |
22,778,277 |
|
Employee
costs |
1,629,440 |
-1.50 |
1,654,180 |
-7.27 |
1,783,907 |
-36.71 |
2,818,458 |
45.48 |
1,937,372 |
|
Wages
and salary |
1,081,437 |
-2.50 |
1,109,115 |
-6.56 |
1,186,923 |
-37.44 |
1,897,214 |
49.19 |
1,271,680 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
514 |
-83.14 |
3,050 |
|
Social
security contributions |
415,119 |
-6.70 |
444,943 |
-6.88 |
477,824 |
-33.51 |
718,668 |
36.96 |
524,729 |
|
Other
employee costs |
132,884 |
32.72 |
100,123 |
-15.98 |
119,160 |
-41.03 |
202,062 |
46.52 |
137,912 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
440,750 |
59.33 |
276,625 |
8.20 |
255,656 |
-36.51 |
402,652 |
67.15 |
240,891 |
|
Operating
result |
322,564 |
-13.19 |
371,578 |
-45.65 |
683,636 |
82.09 |
375,448 |
10.51 |
339,744 |
|
Total
financial income |
120,210 |
-61.88 |
315,372 |
165 |
118,667 |
392 |
24,097 |
-91.68 |
289,460 |
|
Total
financial expenses |
425,861 |
-1.87 |
433,959 |
-26.68 |
591,844 |
-21.57 |
754,610 |
28.57 |
586,930 |
|
Results
on ordinary operations |
-17,583 |
-106 |
252,991 |
20.21 |
210,458 |
59.27 |
-355,066 |
-939 |
42,274 |
|
before
taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary
Income |
34,496 |
-61.33 |
89,202 |
-95.39 |
1,933,782 |
- |
- |
- |
- |
|
Extraordinary
Charges |
- |
- |
4,412 |
-20.80 |
5,570 |
-96.39 |
154,515 |
- |
- |
|
Extraordinary
items |
34,496 |
-59.32 |
84,790 |
-95.60 |
1,928,211 |
1247 |
-154,515 |
- |
0 |
|
Results
for the Year Before Taxation |
16,913 |
-94.99 |
337,781 |
-84.21 |
2,138,669 |
419 |
-509,581 |
-1305 |
42,274 |
|
Taxation |
383 |
-99 |
39,049 |
17080 |
227 |
-98.05 |
11,640 |
-73.80 |
44,425 |
|
Results
on ordinary operations after taxation |
-17,966 |
-108 |
213,942 |
1.77 |
210,231 |
57.33 |
-366,706 |
-16950 |
-2,151 |
|
Net
result |
16,530 |
-94.47 |
298,733 |
-79.90 |
1,486,541 |
286 |
-518,285 |
-354143 |
146 |
|
Profit
(Loss) for the Year to be appropiated |
16,530 |
-94.47 |
298,733 |
35.47 |
220,520 |
43.02 |
-512,586 |
-11230 |
4,605 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social
Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2016 |
|
|
Full-time
Employees |
32 |
|
Part-time
Employees |
2 |
|
Total
Fte Employees |
32 |
|
Number
of hours worked |
|
|
Full-time
Employees |
48,750 |
|
Part-time
Employees |
1,487 |
|
Total |
50,237 |
|
Personnel
Charges |
|
|
Full-time
Employees |
1,581,209 |
|
Part-time
Employees |
48,231 |
|
Total |
1,629,440 |
|
Benefits
In Addition To Wages |
- |
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
33 |
|
Actual working
hours |
51,126 |
|
Personnel
Charges |
1,654,180 |
|
Benefits
In Addition To Wages |
- |
|
Type of
Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
31 |
3 |
33 |
|
Gender
and Education |
|
|
|
|
Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
23 |
2 |
24 |
|
Secondairy
education |
5 |
- |
5 |
|
Higher
education (university) |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
2 |
1 |
3 |
|
|
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
White
collar worker |
6 |
2 |
7 |
|
Blue
collar worker |
25 |
1 |
26 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
10 |
- |
10 |
|
Leavers |
9 |
1 |
10 |
|
Total
of formal continuing vocational training
initiatives |
|
|
|
for
workers paid by the employer |
Male |
Female |
|
Number
of employees |
1 |
- |
|
Number
of training hours |
8 |
- |
|
Net
costs for enterprise |
721 |
- |
|
|
|
|
|
Total
of less formal and informal continuing
vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
Number
of employees |
21 |
6 |
|
Number
of training hours |
1,331 |
258 |
|
Net
costs for enterprise |
32,776 |
7,534 |
PAYMENT INFORMATION
|
Payment
Information Summary |
|
|
Total
number of Invoices available |
11 |
|
Total
number of Invoices paid within or
up to 30 days after the due date |
11 |
|
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 |
0 |
Payment Expectations
|
Payment
expectation days |
71.60 |
|
Day
sales outstanding |
65.03 |
Industry Comparison
|
Activity
code |
13100 |
|
Activity
description |
Preparation
and spinning of textile fibres |
|
Industry
average payment expectation days |
67.09 |
|
Industry
average day sales outstanding |
77.05 |
Industry Quartile Analysis
Payment Expectations
|
Company
result |
71.60 |
|
Lower |
83.89 |
|
Median |
52.56 |
|
Upper |
24.52 |
|
Day
sales outstanding |
|
|
Company
result |
65.03 |
|
Lower |
84.21 |
|
Median |
61.17 |
|
Upper |
41.47 |
|
Shareholder
Details |
|
|
Summary |
|
|
Group
- Number of Companies |
4 |
|
Linkages
- Number of Companies |
0 |
|
Number
of Countries |
0 |
|
Group
Structure |
|
|
|
Company Name |
Number |
Latest Financials |
|
-
FLANDERS FLAX HOLDING BVBA |
884058592 |
31-12-2016 |
|
-
- VANNINVEST NV |
444965823 |
31-12-2016 |
|
-
- - JOS VANNESTE NV |
428663784 |
31-12-2016 |
|
JOS
VANNESTE IMPORT-EXPORT |
|
|
|
Minority
Shareholders |
|||
|
Business Number |
Company Name |
% |
Date of
Accounts |
|
884058592 |
FLANDERS
FLAX HOLDING BVBA |
24.67 |
31/12/2016 |
|
Minority
Interests |
|
No
minority interests found |
|
Linked
Companies |
|
|
Summary |
|
|
Group
- Number of Companies |
4 |
|
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 |
22/12/2006 |
|
|
|
|
Name |
FLANDERS FLAX
HOLDING BVBA |
|
Position |
Director |
|
Start Date |
22/12/2006 |
|
Name |
Sophie
Rombouts |
|
Position |
Director |
|
Start
Date |
07/06/2017 |
|
|
|
|
Name |
Alex
Vanneste |
|
Position |
Permanent
representative legal entity |
|
Start
Date |
22/12/2006 |
|
Street |
3
Peter Pauwel Rubensstraat Harelbeke |
|
Post
code |
8530 |
|
Country |
Belgium |
|
|
|
|
FORMER
DIRECTOR DETAILS |
|
|
Name |
VANNINVEST
NV |
|
Position |
Director |
|
Start
Date |
18/06/2008 |
|
End
Date |
07/06/2017 |
|
|
|
|
Name |
VANNESTE
CIE NV |
|
Position |
Director |
|
Start
Date |
22/12/2006 |
|
End
Date |
18/06/2008 |
|
|
|
|
Name |
Werner
Vanneste |
|
Position |
Permanent
representative legal entity |
|
Start
Date |
18/06/2008 |
|
End
Date |
07/06/2017 |
|
Street |
3
Peter Pauwel Rubensstraat Harelbeke |
|
Post
code |
8530 |
|
Country |
Belgium |
|
|
|
|
Position |
Permanent
representative legal entity |
|
Start
Date |
22/12/2006 |
|
End
Date |
18/06/2008 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
Euro |
1 |
INR 79.79 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.