MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
TACHE COMPANY |
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Registered Office : |
Hoveniersstraat 53 B.103, 2018 Antwerpen Be |
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Country : |
Belgium
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01
January 1958 |
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Com. Reg. No.: |
141190 |
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Legal Form : |
Private
Company Limited By Shares |
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Line of Business : |
Wholesale
of miscellaneous intermediate products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
248000
EUR |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TACHE COMPANY
HOVENIERSSTRAAT 53 B.103
2018 ANTWERPEN BE
Tel. Number +32-3-2341818
Fax number +32-3-2318792
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Business
founded |
01
January 1958 |
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Business
registered |
01
January 1958 - Private company limited by shares |
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Business
last updated |
31
December 2005 |
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Registration
number, |
141190,
ANTWERPEN, |
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Value
Added Tax number, |
BE404991430,
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Judicial
form |
Private
company limited by shares |
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Activities |
Wholesale
of miscellaneous intermediate products |
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Payment
experience |
no
complaints have been registered |
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Credit
opinion |
Credit
opinion |
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Maximum
credit limit 248000 EUR is advised |
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Cash
situation (balance sheet analysis) : Limited |
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Profitability
(balance sheet analysis) : Nil |
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Commitments
(regarding contractual obligations) : Currently fulfilled |
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Payment
defaults : None |
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Employees
(Business) |
44 |
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Total
share capital31 December 2005 |
EUR 1500000,00 |
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Branch
office(s) |
HOVENIERSSTRAAT
2 B.347,2018 ANTWERPEN |
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Boardmembers |
TACHE
JOSEPH Deputy boardmember |
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TACHE
ROBERT Boardmember |
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TACHE
JACQUES Boardmember |
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TACHE
ISAAC Boardmember |
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Management |
VAN
BOURGOGNIE PATRICK Representative and auditor |
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Auditor |
WESTEN,
FRANCOIS & CO, BEDRIJFSREVISOREN Auditors´ president |
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Subsidiary
company. |
TACHE
& COMPANY ITALIA S.R.L. 95,00 % |
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478159124 ATHANOR 51,00
% |
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Associate
company. |
434165664 EOROPEAN
DIAMOND COMPANY 49,00 % |
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The
business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2005 in EUR 239.336.000,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00 0000 - 31 December 2005 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
171.626.000,- |
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Total
fixed assets |
2.445.000,- |
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Total
intangible fixed assets |
4.000,- |
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Total
tangible fixed assets |
2.400.000,- |
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Land
and buildings |
1.874.000,- |
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Plant,
machinery and equipment |
473.000,- |
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Total
financial fixed assets |
41.000,- |
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Loans,
shares and participations |
26.000,- |
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Investments
(long-term) |
15.000,- |
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Total
Current assets |
169.181.000,- |
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Inventories
and work in progress (incl. prepayments) |
86.906.000,- |
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Accounts
receivable (trade) |
81.754.000,- |
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Cash
in hand and at bank |
322.000,- |
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Total
accrued income and prepaid expenses |
199.000,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
171.626.000,- |
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Total
equity (Shareholders' funds) |
3.758.000,- |
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Issued
(subscribed) capital |
1.500.000,- |
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Share
premium account (capital reserve) |
1.465.000,- |
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Profit
reserves |
747.000,- |
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Legal
reserves |
46.000,- |
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Total
liabilities |
167.868.000,- |
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Total
long-term liabilities |
29.535.000,- |
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Long-term
Loans, Mortgage debts |
29.535.000,- |
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Total
current liabilities |
138.252.000,- |
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Current
accounts payable (trade) |
105.936.000,- |
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Current
liabilities to credit institutions |
32.025.000,- |
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Income
and social tax liabilities |
247.000,- |
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Total
accrued expenses and deferred income |
81.000,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2005 in EUR |
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Total
operating income/revenue |
239.793.000,- |
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Main
revenue (sales/turnover) |
239.336.000,- |
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Total
operating expenses |
-229.940.000,- |
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Cost
of materials (type of expenditure format) |
223.079.000,- |
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Cost
of goods sold (operational format) |
229.940.000,- |
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Gross
profit or loss after cost of materials or after cost of goods sold |
9.853.000,- |
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Personnel
costs |
1.088.000,- |
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Depreciation |
277.000,- |
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Operating
profit or loss |
9.853.000,- |
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Financial
income |
33.943.000,- |
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Financial
expenses |
-43.569.000,- |
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Result
of ordinary operations |
227.000,- |
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Extraordinary
income |
6.000,- |
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Extraordinary
expenses |
-34.000,- |
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Extraordinary
result |
199.000,- |
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Taxes |
-79.000,- |
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Net
profit or loss |
120.000,- |
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Borrowing
ratio |
4471,71 % |
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Current
ratio |
122,29 % |
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Debt
gearing |
786,76 % |
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Profit
margin. |
4,24 % |
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Quick
ratio |
59,36 % |
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Return
on assets |
1,71 % |
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Return
on equity. |
3,19 % |
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Solidity
or equity ratio |
2,18 % |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2004 in EUR 226.747.000,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00 0000 - 31 December 2004 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
106.267.000,- |
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Total
fixed assets |
2.623.000,- |
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Total
intangible fixed assets |
8.000,- |
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Total
tangible fixed assets |
2.585.000,- |
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Land
and buildings |
1.934.000,- |
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Plant,
machinery and equipment |
614.000,- |
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Total
financial fixed assets |
30.000,- |
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Loans,
shares and participations |
16.000,- |
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Investments
(long-term) |
14.000,- |
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Total
Current assets |
103.644.000,- |
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Inventories
and work in progress (incl. prepayments) |
41.113.000,- |
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Accounts
receivable (trade) |
62.322.000,- |
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Cash
in hand and at bank |
34.000,- |
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Total
accrued income and prepaid expenses |
175.000,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
106.267.000,- |
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Total
equity (Shareholders' funds) |
3.638.000,- |
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Issued
(subscribed) capital |
1.500.000,- |
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Share
premium account (capital reserve) |
1.465.000,- |
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Profit
reserves |
633.000,- |
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Legal
reserves |
40.000,- |
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Total
liabilities |
102.629.000,- |
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Total
long-term liabilities |
8.663.000,- |
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Long-term
Loans, Mortgage debts |
8.663.000,- |
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Total
current liabilities |
93.962.000,- |
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Current
accounts payable (trade) |
75.144.000,- |
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Current
liabilities to credit institutions |
6.955.000,- |
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Income
and social tax liabilities |
228.000,- |
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Total
accrued expenses and deferred income |
4.000,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2004 in EUR |
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Total
operating income/revenue |
227.101.000,- |
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Main
revenue (sales/turnover) |
226.747.000,- |
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Total
operating expenses |
-228.369.000,- |
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Cost
of materials (type of expenditure format) |
223.576.000,- |
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Cost
of goods sold (operational format) |
228.369.000,- |
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Gross
profit or loss after cost of materials or after cost of goods sold |
-1.268.000,- |
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Personnel
costs |
990.000,- |
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Depreciation |
269.000,- |
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Operating
profit or loss |
-1.268.000,- |
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Financial
income |
51.864.000,- |
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Financial
expenses |
-50.423.000,- |
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Result
of ordinary operations |
173.000,- |
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Extraordinary
income |
1.000,- |
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Extraordinary
expenses |
-4.000,- |
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Extraordinary
result |
170.000,- |
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Taxes |
-163.000,- |
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Net
profit or loss |
7.000,- |
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Borrowing
ratio |
2827,25 % |
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Current
ratio |
109,75 % |
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Debt
gearing |
238,65 % |
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Profit
margin. |
-0,31 % |
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Quick
ratio |
65,81 % |
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Return
on assets |
1,50 % |
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Return
on equity. |
0,19 % |
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Solidity
or equity ratio |
3,42 % |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2003 in EUR 174.376.000,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00 0000 - 31 December 2003 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
145.299.000,- |
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Total
fixed assets |
2.997.000,- |
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Total
intangible fixed assets |
12.000,- |
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Total
tangible fixed assets |
2.720.000,- |
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Land
and buildings |
1.994.000,- |
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Plant,
machinery and equipment |
660.000,- |
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Total
financial fixed assets |
265.000,- |
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Loans,
shares and participations |
249.000,- |
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Investments
(long-term) |
16.000,- |
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Total
Current assets |
142.302.000,- |
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Inventories
and work in progress (incl. prepayments) |
35.495.000,- |
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Accounts
receivable (trade) |
105.590.000,- |
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Cash
in hand and at bank |
1.180.000,- |
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Total
accrued income and prepaid expenses |
37.000,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
145.299.000,- |
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Total
equity (Shareholders' funds) |
3.631.000,- |
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Issued
(subscribed) capital |
1.500.000,- |
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Share
premium account (capital reserve) |
1.465.000,- |
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Profit
reserves |
630.000,- |
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Legal
reserves |
36.000,- |
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Total
liabilities |
141.668.000,- |
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Total
long-term liabilities |
3.959.000,- |
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Long-term
Loans, Mortgage debts |
3.959.000,- |
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Total
current liabilities |
137.703.000,- |
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Current
accounts payable (trade) |
109.211.000,- |
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Current
liabilities to credit institutions |
10.743.000,- |
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Income
and social tax liabilities |
184.000,- |
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Total
accrued expenses and deferred income |
6.000,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2003 in EUR |
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Total
operating income/revenue |
174.730.000,- |
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Main
revenue (sales/turnover) |
174.376.000,- |
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Total
operating expenses |
-186.232.000,- |
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Cost
of materials (type of expenditure format) |
181.746.000,- |
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Cost
of goods sold (operational format) |
186.232.000,- |
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Gross
profit or loss after cost of materials or after cost of goods sold |
-11.502.000,- |
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Personnel
costs |
939.000,- |
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Depreciation |
269.000,- |
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Operating
profit or loss |
-11.502.000,- |
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Financial
income |
50.525.000,- |
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Financial
expenses |
-39.004.000,- |
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Result
of ordinary operations |
19.000,- |
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Extraordinary
income |
16.000,- |
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Extraordinary
result |
35.000,- |
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Taxes |
-10.000,- |
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Net
profit or loss |
25.000,- |
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Borrowing
ratio |
3914,56 % |
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Current
ratio |
103,33 % |
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Debt
gearing |
109,39 % |
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Profit
margin. |
-6,26 % |
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Quick
ratio |
77,53 % |
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Return
on assets |
0,95 % |
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Return
on equity. |
0,68 % |
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Solidity
or equity ratio |
2,49 % |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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