|
|
|
MIRA INFORM REPORT
|
Report No. : |
517041 |
|
Report Date : |
26.06.2018 |
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 : |
Manufacture
of other chemical products n.e.c. |
|
|
|
|
No. of Employees : |
402 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
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 (31.12.2017) |
Current
Rating (01.04.2018) |
|
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 |
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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
|
Euro |
1 |
INR 79.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
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.