|
|
|
MIRA
INFORM REPORT
|
Report No. : |
507853 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PICANOL NV |
|
|
|
|
Registered Office : |
Steverlyncklaan 15, 8900 Ieper |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.11.1928 |
|
|
|
|
Com. Reg. No.: |
405502362 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leatherproduction
|
|
|
|
|
No. of Employees : |
665 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
PICANOL NV
Company summary
|
Business
number |
405502362 |
|
Branche
Unit Number |
2003523617 |
|
Company
name |
PICANOL NV |
|
Address |
STEVERLYNCKLAAN 15 8900 IEPER |
|
Date
of establishment |
22/11/1928 |
|
Telephone
number |
3257222111 |
|
Mobile
number |
- |
|
Fax
number |
057222001 |
|
Liable
for VAT |
yes |
|
VAT
Number |
BE.0405.502.362 Check VAT number |
Ultimate holding company
|
Company
name |
Company
Number |
|
ARTELA NV |
453029590 |
Commentary
The business was established
over 89 years ago.
The business has 665 employees.
The business is part of
a group.
The business has been at
the address for over 7 years.
Operating Result in the
latest trading period increased 47% on
the previous trading period.
The business saw a decrease
in their Cash Balance of 53% during
the latest trading period.
Turnover in the latest
trading period increased 24% on the
previous trading period.
Annual accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
510,095,870 |
96,667,446 |
404,591,126 |
293,244,487 |
|
31/12/2015 |
409,770,340 |
81,698,555 |
336,585,436 |
225,216,608 |
|
31/12/2014 |
305,611,579 |
60,196,204 |
273,486,310 |
164,753,706 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
524,944,564 |
665 |
22,200,000 |
72,801,556 |
|
31/12/2015 |
460,982,889 |
615 |
22,200,000 |
68,259,918 |
|
31/12/2014 |
372,443,793 |
579 |
22,200,000 |
50,605,354 |
Payment expectations
|
Past payments |
|
Payment expectation days |
59.38 |
|
Industry average payment |
94.59 |
Industry average day sales |
73.84 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
30.07 |
|
|
Court data summary
BANKRUPTCY
DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
12/09/2003 |
Company information
|
Business
number |
405502362 |
Company
name |
PICANOL NV |
|
Fax
number |
057222001 |
Date
founded |
22/11/1928 |
|
Company
status |
active |
Company
type |
Public Limited Company |
|
Currency |
Euro (€) |
Date
of latest accounts |
31/12/2016 |
|
Activity
code |
28940 |
Number
of staff |
665 |
|
Activity
description |
Manufacture of machinery for
textile, apparel and leather production |
|
|
|
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 |
111 |
|
Description |
JC for the metal,
machinery and electrical construction |
|
category |
|
|
JIC
Code |
209 |
|
Description |
Joint committee for the
employees off the metal industry |
|
category |
|
|
Significant
Events |
|
|
Event
Date |
15/04/2015 |
|
Event
Description |
re-appointment of director(s) |
|
Event
Details |
Commentaar 15-04-2015: Herbenoemd
tot bestuurder voor een periode van
4 jaar: NV Kantoor Torrimmo. |
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 |
124,005,718 |
0.15 |
123,815,657 |
0.00 |
123,816,275 |
44.90 |
85,448,680 |
43.45 |
59,568,530 |
|
Intangible fixed assets |
542,927 |
74.47 |
311,187 |
-35.69 |
483,873 |
14.35 |
423,158 |
-31.01 |
613,352 |
|
Tangible fixed assets |
13,654,314 |
1.40 |
13,466,307 |
-12.42 |
15,376,546 |
68.56 |
9,122,479 |
30.08 |
7,012,981 |
|
Land & building |
7,374,354 |
-8.87 |
8,091,806 |
-8.66 |
8,859,163 |
113 |
4,147,409 |
-6.44 |
4,432,983 |
|
Plant & machinery |
3,030,260 |
-28.53 |
4,239,999 |
-22.90 |
5,499,281 |
364 |
1,183,582 |
-18.89 |
1,459,192 |
|
Furniture & Vehicles |
410,150 |
6.67 |
384,503 |
-49.94 |
768,102 |
12.53 |
682,597 |
2.35 |
666,907 |
|
Leasing & Other Similar |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
2,839,550 |
278 |
750,000 |
200 |
250,000 |
-91.96 |
3,108,890 |
584 |
453,900 |
|
Financial fixed assets |
109,808,477 |
-0.21 |
110,038,163 |
1.93 |
107,955,856 |
42.23 |
75,903,044 |
46.13 |
51,942,198 |
|
Total current assets |
400,938,846 |
18.91 |
337,167,232 |
35.61 |
248,627,518 |
3.59 |
240,021,678 |
24.96 |
192,071,821 |
|
Inventories |
25,057,890 |
19.98 |
20,884,787 |
27.57 |
16,371,765 |
-26.53 |
22,283,346 |
21.45 |
18,348,343 |
|
Raw materials & |
16,538,696 |
20.38 |
13,739,048 |
16.27 |
11,816,470 |
-21.59 |
15,069,462 |
13.33 |
13,297,072 |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
2,737,211 |
-18.92 |
3,375,920 |
33.35 |
2,531,680 |
-10.60 |
2,831,844 |
1.07 |
2,801,995 |
|
Finished goods |
5,781,983 |
53.38 |
3,769,819 |
86.29 |
2,023,615 |
-53.82 |
4,382,040 |
94.82 |
2,249,276 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
42,018,726 |
13.42 |
37,046,477 |
61.45 |
22,946,542 |
-36.60 |
36,190,703 |
-29.47 |
51,314,311 |
|
Other amounts receivable |
281,501,361 |
27.52 |
220,759,382 |
9.75 |
201,142,438 |
24.55 |
161,492,891 |
2594 |
5,993,194 |
|
Cash |
26,804,526 |
-53.82 |
58,045,527 |
650 |
7,735,045 |
18.34 |
6,536,246 |
-6.93 |
7,022,862 |
|
Miscellaneous current |
25,556,342 |
5828 |
431,060 |
-0.15 |
431,728 |
-96.81 |
13,518,491 |
-87.64 |
109,393,112 |
|
assets |
|
|
|
|
|
|
|
|
|
|
Total Assets |
524,944,564 |
13.88 |
460,982,889 |
23.77 |
372,443,793 |
14.43 |
325,470,358 |
29.34 |
251,640,352 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
405,134,053 |
20.25 |
336,896,622 |
22.97 |
273,970,183 |
20.60 |
227,167,627 |
39.30 |
163,077,842 |
|
Issued share capital |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
0 |
22,200,000 |
|
Share premium account |
1,518,428 |
0 |
1,518,428 |
0 |
1,518,428 |
0 |
1,518,428 |
0 |
1,518,428 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
381,415,625 |
21.79 |
313,178,195 |
25.15 |
250,251,755 |
23.00 |
203,449,199 |
45.99 |
139,359,414 |
|
Provisions for Liabilities & |
12,116,152 |
-0.16 |
12,135,643 |
-16.88 |
14,599,798 |
0.12 |
14,582,973 |
-4.26 |
15,231,835 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
107,694,358 |
-3.80 |
111,950,624 |
33.48 |
83,873,812 |
0.18 |
83,719,758 |
14.17 |
73,330,675 |
|
Other long term loans |
0 |
- |
0 |
- |
0 |
-100 |
89,427 |
-64.69 |
253,294 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
12,116,152 |
-0.16 |
12,135,643 |
-16.88 |
14,599,798 |
-0.49 |
14,672,400 |
-5.25 |
15,485,129 |
|
Current portion of long term |
0 |
- |
0 |
-100 |
89,427 |
-21.77 |
114,316 |
-51.22 |
234,346 |
|
debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
8,725,418 |
-46.09 |
16,186,167 |
-9.71 |
17,926,769 |
34.04 |
13,374,417 |
225 |
4,110,520 |
|
Trade creditors |
68,730,384 |
22.58 |
56,069,999 |
41.23 |
39,702,284 |
-13.77 |
46,041,556 |
0.85 |
45,652,106 |
|
Amounts Payable for Taxes, |
10,252,417 |
18.43 |
8,656,641 |
24.25 |
6,967,247 |
-10.66 |
7,798,541 |
8.41 |
7,193,582 |
|
Remuneration & Social |
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current |
19,986,140 |
-35.61 |
31,037,817 |
61.76 |
19,188,085 |
17.71 |
16,301,501 |
2.61 |
15,886,827 |
|
liabilities |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
107,694,358 |
-3.80 |
111,950,624 |
33.48 |
83,873,812 |
0.29 |
83,630,331 |
14.44 |
73,077,381 |
|
Total Liabilities |
524,944,564 |
13.88 |
460,982,889 |
23.77 |
372,443,793 |
14.43 |
325,470,358 |
29.34 |
251,640,352 |
|
ratio
analysis |
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
18.95 |
-4.96 |
19.94 |
1.22 |
19.70 |
-0.71 |
19.84 |
20.46 |
16.47 |
|
Return on capital employed |
23.17 |
-1.03 |
23.41 |
12.22 |
20.86 |
-41.14 |
35.44 |
16.62 |
30.39 |
|
Return on total assets |
18.41 |
3.89 |
17.72 |
9.65 |
16.16 |
-38.63 |
26.33 |
22.07 |
21.57 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Return on net assets |
23.86 |
-1.61 |
24.25 |
10.38 |
21.97 |
-41.77 |
37.73 |
13.37 |
33.28 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Sales / net working capital |
1.74 |
-4.40 |
1.82 |
-1.62 |
1.85 |
-32.97 |
2.76 |
-0.36 |
2.77 |
|
Stock turnover ratio |
4.91 |
-3.73 |
5.10 |
-4.85 |
5.36 |
3.88 |
5.16 |
-7.36 |
5.57 |
|
Creditor days |
59.38 |
1.63 |
58.43 |
6.10 |
55.07 |
17.47 |
46.88 |
-20.60 |
59.04 |
|
Debtor days |
30.07 |
-8.88 |
33.00 |
20.39 |
27.41 |
-10.37 |
30.58 |
-46.21 |
56.85 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
3.72 |
23.59 |
3.01 |
1.69 |
2.96 |
3.14 |
2.87 |
9.13 |
2.63 |
|
Liquidity ratio / acid ratio |
3.49 |
23.32 |
2.83 |
2.17 |
2.77 |
6.54 |
2.60 |
9.24 |
2.38 |
|
Current debt ratio |
0.27 |
-18.18 |
0.33 |
6.45 |
0.31 |
-16.22 |
0.37 |
-17.78 |
0.45 |
|
Cashflow |
72,801,556 |
6.65 |
68,259,918 |
34.89 |
50,605,354 |
-23.08 |
65,789,584 |
56.84 |
41,946,726 |
|
Net worth |
404,591,126 |
20.20 |
336,585,436 |
23.07 |
273,486,310 |
20.61 |
226,744,469 |
39.57 |
162,464,490 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
2.15 |
-55.21 |
4.80 |
-27.05 |
6.58 |
10.03 |
5.98 |
112 |
2.82 |
|
Equity in percentage |
77.26 |
5.65 |
73.13 |
-0.72 |
73.66 |
5.39 |
69.89 |
7.59 |
64.96 |
|
Total debt ratio |
0.30 |
-18.92 |
0.37 |
2.78 |
0.36 |
-16.28 |
0.43 |
-20.37 |
0.54 |
|
Working capital |
293,244,487 |
30.21 |
225,216,608 |
36.70 |
164,753,706 |
5.35 |
156,391,347 |
31.43 |
118,994,440 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
523,361,142 |
23.16 |
424,927,342 |
33.51 |
318,267,907 |
-28.54 |
445,365,900 |
30.14 |
342,229,624 |
|
Turnover |
510,095,870 |
24.48 |
409,770,340 |
34.08 |
305,611,579 |
-29.24 |
431,919,347 |
31.10 |
329,453,865 |
|
Total operating expenses |
422,468,468 |
20.62 |
350,255,046 |
33.10 |
263,145,555 |
-26.60 |
358,492,294 |
27.02 |
282,240,467 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
523,365,185 |
43.23 |
365,412,048 |
32.49 |
275,801,883 |
-25.85 |
371,938,847 |
26.07 |
295,016,226 |
|
Employee costs |
42,268,537 |
7.81 |
39,207,197 |
9.92 |
35,669,318 |
-9.22 |
39,290,260 |
11.58 |
35,212,231 |
|
Wages and salary |
28,181,481 |
11.36 |
25,306,784 |
9.52 |
23,106,687 |
-9.33 |
25,485,216 |
13.42 |
22,470,722 |
|
Employee pension costs |
907,268 |
-12.78 |
1,040,222 |
-13.45 |
1,201,874 |
2.59 |
1,171,484 |
-12.87 |
1,344,492 |
|
Social security |
8,807,650 |
3.73 |
8,490,596 |
12.95 |
7,516,979 |
-12.65 |
8,605,095 |
13.47 |
7,583,831 |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
4,372,138 |
0.06 |
4,369,595 |
13.68 |
3,843,778 |
-4.58 |
4,028,466 |
5.65 |
3,813,187 |
|
Director remuneration |
211,250 |
0.12 |
211,000 |
14.67 |
184,000 |
18.14 |
155,750 |
-29.62 |
221,304 |
|
Amortization and |
2,794,125 |
-21.59 |
3,563,479 |
75.30 |
2,032,798 |
19.59 |
1,699,798 |
-13.27 |
1,959,787 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
87,627,403 |
47.24 |
59,515,294 |
40.15 |
42,466,024 |
-42.17 |
73,427,053 |
55.52 |
47,213,398 |
|
Total financial income |
11,400,687 |
-52.88 |
24,197,054 |
27.03 |
19,048,244 |
24.08 |
15,352,135 |
72.98 |
8,874,854 |
|
Total financial expenses |
2,356,600 |
17.02 |
2,013,793 |
52.78 |
1,318,065 |
-57.18 |
3,077,985 |
69.11 |
1,820,136 |
|
Results on ordinary |
96,667,446 |
18.32 |
81,698,555 |
35.72 |
60,196,204 |
-29.76 |
85,701,202 |
57.92 |
54,268,116 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
6,105 |
-87.45 |
48,652 |
53.54 |
31,688 |
-98.81 |
2,668,218 |
870 |
275,049 |
|
Extraordinary Charges |
2,061 |
277 |
546 |
-93.69 |
8,654 |
-99 |
3,085,835 |
162773 |
1,895 |
|
Extraordinary items |
4,044 |
-91.59 |
48,106 |
108 |
23,034 |
5.52 |
-417,617 |
-252 |
273,154 |
|
Results for the Year Before
Taxation |
96,671,490 |
18.26 |
81,746,662 |
35.75 |
60,219,237 |
-29.39 |
85,283,586 |
56.37 |
54,541,270 |
|
Taxation |
26,664,059 |
56.39 |
17,050,222 |
46.40 |
11,646,681 |
-45.05 |
21,193,801 |
45.62 |
14,554,331 |
|
Results on ordinary |
70,003,387 |
8.28 |
64,648,333 |
33.16 |
48,549,522 |
-24.74 |
64,507,402 |
62.43 |
39,713,785 |
|
operations after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
70,007,431 |
8.21 |
64,696,440 |
33.20 |
48,572,556 |
-24.21 |
64,089,785 |
60.28 |
39,986,939 |
|
Profit (Loss) for the
Year to be appropiated |
70,007,431 |
8.21 |
64,696,440 |
33.20 |
48,572,556 |
-24.21 |
64,089,785 |
60.28 |
39,986,939 |
|
Dividends |
1,770,000 |
0 |
1,770,000 |
0 |
1,770,000 |
- |
- |
- |
- |
Social Balance Sheet Details
|
Social
Balance Sheet Details |
|
|
|
|
Social Balance Sheet |
|
Total |
|
|
During the reporting year |
|
|
|
|
ended 31-12-2016 |
|
|
|
|
Full-time Employees |
|
590 |
|
|
Part-time Employees |
|
98 |
|
|
Total Fte Employees |
|
665 |
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
|
913,254 |
|
|
Part-time Employees |
|
108,755 |
|
|
Total |
|
1,022,009 |
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
36,839,665 |
|
|
Part-time Employees |
|
4,521,603 |
|
|
Total |
|
41,361,269 |
|
|
Benefits In Addition To Wages |
|
787,953 |
|
|
During the previous reporting
year |
|
|
|
|
Average number employees in Fte |
|
615 |
|
|
Actual working hours |
|
953,339 |
|
|
Personnel Charges |
|
38,166,975 |
|
|
Benefits In Addition To Wages |
|
787,184 |
|
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
459 |
98 |
534 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
151 |
1 |
152 |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
Gender
and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
392 |
59 |
437 |
|
Higher education (non |
88 |
10 |
95 |
|
university) |
|
|
|
|
Higher education |
38 |
2 |
39 |
|
(university) |
|
|
|
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
48 |
14 |
59 |
|
Higher education (non |
32 |
10 |
40 |
|
university) |
|
|
|
|
Higher education |
12 |
4 |
15 |
|
(university) |
|
|
|
|
|
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
215 |
37 |
244 |
|
Blue collar worker |
395 |
62 |
442 |
|
Other |
- |
- |
- |
|
|
|
|
|
|
Temporary
personnel |
|
Total |
|
|
Average number of temporary
staff |
|
23 |
|
|
Actual working hours |
|
47,213 |
|
|
Cost of temporary staff |
|
1,514,470 |
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
109 |
- |
109 |
|
Leavers |
69 |
5 |
73 |
|
|
|
|
|
|
Total
of formal continuing vocational training
initiatives |
|
|
|
|
for
workers paid by the employer |
Male |
Female |
|
|
Number of employees |
463 |
82 |
|
|
Number of training hours |
3,870 |
1,101 |
|
|
Net costs for enterprise |
99,031 |
25,682 |
|
|
Total of less formal and
informal continuing vocational |
|
|
|
|
training initiatives for
workers paid by the employer |
Male |
Female |
|
|
Number of employees |
539 |
107 |
|
|
Number of training hours |
17,241 |
3,425 |
|
|
Net costs for enterprise |
720,146 |
134,463 |
|
|
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 |
28940 |
|
Activity
description |
Manufacture of machinery for
textile, apparel and leather production |
Payment Information
|
Payment
Information Summary |
|
|
Total number of Invoices
available |
2201 |
|
Total number of Invoices
paid within or up to 30 days
after the due date |
2019 |
|
Total number of Invoices
paid more than 30 days after the
due date |
65 |
|
Total number of Invoices
currently outstanding where the due date
has not yet been reached |
111 |
|
Total number of Invoices
currently outstanding beyond the due date |
6 |
Suspension
of payments / moratorium history
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment expectation days |
59.38 |
|
Day sales outstanding |
30.07 |
|
Industry comparison |
|
|
Activity code |
28940 |
|
Activity description |
Manufacture of machinery for
textile, apparel and leather production |
|
Industry average payment |
94.59 |
|
expectation days |
|
|
Industry average day sales |
73.84 |
|
outstanding |
|
INDUSTRY QUARTILE
ANALYSIS
Payment expectations
|
Company result |
59.38 |
|
Lower |
92 |
|
Median |
57.16 |
|
Upper |
27.89 |
Day sales outstanding
|
Company result |
30.07 |
|
Lower |
105.86 |
|
Median |
72.68 |
|
Upper |
51.81 |
Shareholder Details
|
Summary |
|
|
Group - Number of Companies |
18 |
|
Linkages - Number of Companies |
4 |
|
Number of Countries |
1 |
Group Structure
|
Company
name |
Number |
Latest financials |
|
|
|
|
|
- ARTELA NV |
453029590 |
31-12-2016 |
|
- - PICANOL NV |
405502362 |
31-12-2016 |
|
- - - MELOTTE NV |
407155421 |
31-12-2016 |
|
- - - - GEREEDSCHAPSMAKERIJ MELOTTE NV |
434700550 |
31-12-2007 |
|
- - - PICANOL GROUP NV |
643795829 |
|
|
- - - PROFERRO NV |
438243426 |
31-12-2016 |
|
- - - PSICONTROL NV |
437446145 |
31-12-2016 |
|
- - - - PSICONTROL SRL |
|
|
|
- - - VERBRUGGE NV |
441554490 |
31-12-2016 |
Minority Shareholders
|
Business |
Company
name |
% |
Date
of |
|
number |
|
|
accounts |
|
461029617 |
SYMPHONY MILLS NV |
24.47 |
31/12/2016 |
|
428949935 |
BURACO NV |
5.42 |
31/12/2016 |
Minority Interests
|
Business |
Company
name |
% |
Date
of |
|
number |
|
|
accounts |
|
403038859 |
SYNDICAT DES |
27 |
31/12/2016 |
Linked Companies
|
Summary |
|
|
Group - Number of Companies |
18 |
|
Linkages - Number of Companies |
4 |
|
Number of Countries |
1 |
LINKED COMPANIES
|
NAME |
NUMBER |
LATEST
KEY |
TURNOVER |
|
|
|
FINANCIALS |
|
|
SYMPHONY MILLS NV |
461029617 |
31.12.2016 |
€25.842.151 |
|
MILLENTEX NV |
464021967 |
31.12.2006 |
- |
|
BURACO NV |
428949935 |
31.12.2016 |
- |
|
SYNDICAT DES CONSTRUCTEURS |
403038859 |
31.12.2016 |
- |
SUMMONS
|
Legal event type |
Social Security Summons |
|
|
Event date |
12/09/2003 |
|
|
Court type |
Court name |
Ieper |
|
Creditor's name |
3rd party type |
|
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 |
09/07/2009 |
|
Date of birth |
03/09/1961 |
|
Street |
23 FILLIERSDREEF DEINZE |
|
Post code |
9800 |
|
Country |
Belgium |
|
Name |
Luc Tack |
|
Position |
Director |
|
Start Date |
09/07/2009 |
|
Date of birth |
03/09/1961 |
|
Street |
23 FILLIERSDREEF DEINZE |
|
Post code |
9800 |
|
Country |
Belgium |
|
Name |
7 CAPITAL SPRL |
|
Position |
Director |
|
Start Date |
14/06/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
THE MARBLE BVBA |
|
Position |
Director |
|
Start Date |
27/04/2016 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
KANTOOR TORRIMMO NV |
|
Position |
Director |
|
Start Date |
20/04/2011 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Stefaan Haspeslagh |
|
Position |
Director |
|
Start Date |
21/04/2010 |
|
Date of birth |
15/02/1958 |
|
Street |
104 BRANDSTRAAT SINT-MARTENS-LATEM |
|
Post code |
9830 |
|
Country |
Belgium |
|
Name |
PASMA NV |
|
Position |
Director |
|
Start Date |
21/12/2009 |
|
Name |
Chantal De Vrieze |
|
Position |
Permanent representative legal entity |
|
Start Date |
14/06/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Luc Van Nevel |
|
Position |
Permanent representative legal entity |
|
Start Date |
27/04/2016 |
|
Date of birth |
28/01/1947 |
|
Street |
129 BERCHEMWEG OUDENAARDE |
|
Post code |
9700 |
|
Country |
Belgium |
|
Name |
Jean Dejaeghere |
|
Position |
Permanent representative legal entity |
|
Start Date |
20/04/2011 |
|
Street |
43 Oude Iepersestraat Izegem |
|
Post code |
8870 |
|
Country |
Belgium |
|
Name |
Patrick Steverlynck |
|
Position |
Permanent representative legal entity |
|
Start Date |
21/12/2009 |
|
Street |
160 Jules Bordetlaan Evere |
|
Post code |
1140 |
|
Country |
Belgium |
|
CURRENT
MANDATES IN OTHER COMPANIES |
|
|
Name |
MELOTTE NV |
|
Business number |
407155421 |
|
Position |
Managing Director |
|
Start Date |
30/04/2017 |
|
Business number |
407155421 |
|
Position |
Director |
|
Start Date |
28/05/2004 |
|
Business number |
407155421 |
|
Position |
Permanent representative legal entity |
|
Start Date |
17/12/2009 |
|
Name |
PROFERRO NV |
|
Business number |
438243426 |
|
Position |
Managing Director |
|
Start Date |
24/04/2002 |
|
Business number |
438243426 |
|
Position |
Director |
|
Start Date |
11/09/1989 |
|
Business number |
438243426 |
|
Position |
Permanent representative legal entity |
|
Start Date |
26/04/2006 |
|
Name |
PSICONTROL NV |
|
Business number |
437446145 |
|
Position |
Managing Director |
|
Start Date |
23/04/2002 |
|
Business number |
437446145 |
|
Position |
Director |
|
Start Date |
23/04/2002 |
|
Business number |
437446145 |
|
Position |
Permanent representative legal entity |
|
Start Date |
15/12/2009 |
|
Name |
VERBRUGGE NV |
|
Business number |
441554490 |
|
Position |
Managing Director |
|
Start Date |
25/01/2002 |
|
Business number |
441554490 |
|
Position |
Director |
|
Start Date |
25/01/2002 |
|
Business number |
441554490 |
|
Position |
Permanent representative legal entity |
|
Start Date |
17/12/2009 |
|
Name |
VLAAMS-CHINESE KAMER VAN
KOOPHANDEL VZW |
|
Business number |
871222920 |
|
Position |
Director |
|
Start Date |
28/12/2004 |
|
Name |
F.E. PICANOL GROEP BTWE |
|
Business number |
891470976 |
|
Position |
Representative of the VAT unit |
|
Start Date |
01/09/2007 |
|
|
|
|
FORMER DIRECTOR DETAILS |
|
|
Name |
CHRISTULF BVBA |
|
Position |
Managing Director |
|
Start Date |
15/04/2005 |
|
End Date |
09/07/2009 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Name |
THE MARBLE BVBA |
|
Position |
Managing Director |
|
Start Date |
10/10/2004 |
|
End Date |
15/04/2005 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Director |
|
Start Date |
05/08/2004 |
|
End Date |
20/04/2011 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Chantal De Vrieze |
|
Position |
Director |
|
Start Date |
27/04/2017 |
|
End Date |
14/06/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
H R V NV |
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
27/04/2017 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
MEERWAARDE,OMNIPRESENCE,SYMPATHIE &
TRIAL BVBA |
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
27/04/2016 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
TACAN EBVBA |
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
L.M.C. NV |
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Name |
Patrick Steverlynck |
|
Position |
Director |
|
Start Date |
22/05/2006 |
|
End Date |
21/12/2009 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
FINDAR BVBA |
|
Position |
Director |
|
Start Date |
01/01/2007 |
|
End Date |
09/07/2009 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
BURACO NV |
|
Position |
Director |
|
Start Date |
22/05/2006 |
|
End Date |
15/04/2009 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Joos Waelkens |
|
Position |
Director |
|
Start Date |
16/03/2005 |
|
End Date |
01/01/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Jan Coene |
|
Position |
Director |
|
Start Date |
28/04/1999 |
|
End Date |
10/10/2004 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Luc Van Nevel |
|
Position |
Director |
|
Start Date |
26/04/2000 |
|
End Date |
05/08/2004 |
|
Date of birth |
28/01/1947 |
|
Street |
129 BERCHEMWEG OUDENAARDE |
|
Post code |
9700 |
|
Country |
Belgium |
|
Position |
Permanent representative legal entity |
|
Start Date |
05/08/2004 |
|
End Date |
20/04/2011 |
|
Date of birth |
28/01/1947 |
|
Street |
129 BERCHEMWEG OUDENAARDE |
|
Post code |
9700 |
|
Country |
Belgium |
|
Name |
Hugo Vandamme |
|
Position |
Permanent representative legal entity |
|
Start Date |
16/03/2005 |
|
End Date |
27/04/2017 |
|
Street |
F2 Eden Roc, Fairybankhelling
2 Koksijde |
|
Post code |
8670 |
|
Country |
Belgium |
|
Name |
François Meysman |
|
Position |
Permanent representative legal entity |
|
Start Date |
16/03/2005 |
|
End Date |
27/04/2016 |
|
Street |
66 Drielindenbaan Merchtem |
|
Post code |
1785 |
|
Country |
Belgium |
|
Name |
Stefaan Dewulf |
|
Position |
Permanent representative legal entity |
|
Start Date |
25/03/2005 |
|
End Date |
31/08/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Filiep Libeert |
|
Position |
Permanent representative legal entity |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Christian Dewulf |
|
Position |
Permanent representative legal entity |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Johan Tack |
|
Position |
Permanent representative legal entity |
|
Start Date |
16/03/2005 |
|
End Date |
21/04/2010 |
|
Date of birth |
03/09/1961 |
|
Street |
23 FILLIERSDREEF DEINZE |
|
Post code |
9800 |
|
Country |
Belgium |
|
Name |
Stefaan Haspeslagh |
|
Position |
Permanent representative legal entity |
|
Start Date |
01/01/2007 |
|
End Date |
09/07/2009 |
|
Date of birth |
15/02/1958 |
|
Street |
104 BRANDSTRAAT SINT-MARTENS-LATEM |
|
Post code |
9830 |
|
Country |
Belgium |
|
Name |
Paul Vandekerckhove |
|
Position |
Permanent representative legal entity |
|
Start Date |
22/05/2006 |
|
End Date |
15/04/2009 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Jan Laga |
|
Position |
Permanent representative legal entity |
|
Start Date |
25/03/2005 |
|
End Date |
31/05/2008 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Jurgen Couvreur |
|
Position |
Person responsible for
day-to-day management |
|
Start Date |
25/03/2005 |
|
End Date |
31/08/2010 |
|
Street |
40 DAMWEG DAMME |
|
Post code |
8340 |
|
Country |
Belgium |
|
Name |
CONSILIUM EBVBA |
|
Position |
Person responsible for
day-to-day management |
|
Start Date |
25/03/2005 |
|
End Date |
31/08/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Dirk Verly |
|
Position |
Person responsible for
day-to-day management |
|
Start Date |
25/03/2005 |
|
End Date |
31/08/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
JAN LAGA BVBA |
|
Position |
Person responsible for
day-to-day management |
|
Start Date |
25/03/2005 |
|
End Date |
31/05/2008 |
FORMER MANDATES
IN OTHER COMPANIES
|
Name |
MELOTTE NV |
|
Business number |
407155421 |
|
Position |
Managing Director |
|
Start Date |
28/05/2004 |
|
End Date |
17/12/2009 |
|
Business number |
407155421 |
|
Position |
Permanent representative legal entity |
|
Start Date |
11/05/2004 |
|
End Date |
25/04/2006 |
|
Name |
GEREEDSCHAPSMAKERIJ MELOTTE NV |
|
Business number |
434700550 |
|
Position |
Managing Director |
|
Start Date |
28/05/2004 |
|
End Date |
07/04/2008 |
|
Business number |
434700550 |
|
Position |
Director |
|
Start Date |
28/05/2004 |
|
End Date |
07/04/2008 |
|
Business number |
434700550 |
|
Position |
Permanent representative legal entity |
|
Start Date |
26/04/2006 |
|
End Date |
07/04/2008 |
|
Business number |
434700550 |
|
Position |
Permanent representative legal entity |
|
Start Date |
11/05/2004 |
|
End Date |
25/04/2006 |
|
Name |
LEVENSLANGE TEWERKSTELBAARHEID VZW |
|
Business number |
473977533 |
|
Position |
Director |
|
Start Date |
02/06/2005 |
|
End Date |
21/03/2011 |
|
Business number |
473977533 |
|
Position |
Permanent representative legal entity |
|
Start Date |
19/06/2008 |
|
End Date |
21/03/2011 |
|
Business number |
473977533 |
|
Position |
Permanent representative legal entity |
|
Start Date |
02/06/2005 |
|
End Date |
18/06/2008 |
|
Name |
L.C.M.C. NV |
|
Business number |
439310921 |
|
Position |
Director |
|
Start Date |
28/12/1989 |
|
End Date |
30/06/2003 |
|
Name |
VLAAMS-CHINESE KAMER VAN
KOOPHANDEL VZW |
|
Business number |
871222920 |
|
Position |
Permanent representative legal entity |
|
Start Date |
28/12/2004 |
|
End Date |
18/05/2015 |
|
Name |
PSICONTROL NV |
|
Business number |
437446145 |
|
Position |
Permanent representative legal entity |
|
Start Date |
07/04/2006 |
|
End Date |
15/12/2009 |
|
Business number |
437446145 |
|
Position |
Permanent representative legal entity |
|
Start Date |
11/05/2004 |
|
End Date |
06/04/2006 |
|
Name |
MILLENTEX NV |
|
Business number |
464021967 |
|
Position |
Permanent representative legal entity |
|
Start Date |
22/12/2004 |
|
End Date |
19/12/2007 |
|
Name |
PROFERRO NV |
|
Business number |
438243426 |
|
Position |
Permanent representative legal entity |
|
Start Date |
18/12/2002 |
|
End Date |
14/03/2006 |
|
Name |
VERBRUGGE NV |
|
Business number |
441554490 |
|
Position |
Permanent representative legal entity |
|
Start Date |
28/02/2003 |
|
End Date |
22/12/2004 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
Euro |
1 |
INR 80.03 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NIT |
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.