MIRA
INFORM REPORT
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Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
F. MOUAWAD |
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Registered Office : |
Pelikaanstraat 62,
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 : |
28.10.2004 |
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Com. Reg. No.: |
73014, KBO – BCE |
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Legal Form : |
Private company with limited liability |
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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 : |
2500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
F. MOUAWAD
PELIKAANSTRAAT 62
2018 ANTWERPEN BE
Tel. Number +32-3-2342488
Business founded
28 October 2004
Business registered
28 October 2004 -
Private company with limited liability
Business last updated
31 December 2005
Registration number
73014, KBO – BCE
Value Added Tax number
BE869936679
Judicial form
Private company
with limited liability
Activities
Wholesale of
miscellaneous intermediate products
Payment experience
No complaints have
been registered
Credit opinion
Maximum credit limit : 2500
EUR is advised
Cash situation (balance sheet
analysis) : Normal
Profitability (balance sheet analysis) : Medium
Commitments (regarding contractual
obligations) : Currently
fulfilled
Payment defaults : None
Employees (Business)
1 2
Total share capital
31 December 2005 EUR 20000,00
Bank
RESERVED
N°
Boardmembers
MOUAWAD FADI
Manager
Management
BAASIRI KINDA
Partner
MOUAWAD FADI
Partner
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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 5.093.322,00 |
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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 |
1.469.149,- |
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Total fixed assets |
36.881,- |
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Total tangible fixed assets |
34.501,- |
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Plant, machinery and equipment |
2.669,- |
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Total financial fixed assets |
2.380,- |
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Total Current assets |
1.432.268,- |
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Inventories and work in progress (incl. prepayments) |
163.721,- |
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Accounts receivable (trade) |
1.128.369,- |
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Cash in hand and at bank |
140.003,- |
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Total accrued income and prepaid expenses |
175,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.469.149,- |
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Total equity (Shareholders' funds) |
26.124,- |
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Issued (subscribed) capital |
20.000,- |
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Profit reserves |
5.804,- |
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Legal reserves |
320,- |
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Total liabilities |
1.443.025,- |
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Total current liabilities |
1.443.025,- |
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Current accounts payable (trade) |
1.439.278,- |
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Income and social tax liabilities |
3.747,- |
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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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Main revenue (sales/turnover) |
5.093.322,- |
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Cost of goods sold (operational format) |
5.056.807,- |
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Personnel costs |
937,- |
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Depreciation |
5.419,- |
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Operating profit or loss |
41.363,- |
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Financial income |
328.417,- |
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Financial expenses |
-360.525,- |
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Result of ordinary operations |
9.255,- |
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Extraordinary result |
9.255,- |
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Taxes |
-3.131,- |
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Net profit or loss |
6.124,- |
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Borrowing ratio |
5523,75 % |
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Current ratio |
99,25 % |
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Profit margin. |
0,91 % |
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Quick ratio |
87,89 % |
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Return on assets |
25,53 % |
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Return on equity. |
23,44 % |
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Solidity or equity ratio |
1,77 % |
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)