MIRA INFORM REPORT

 

 

Report Date :

08.05.2007

 

IDENTIFICATION DETAILS

 

Name :

HEBOSS INTERNATIONAL

 

 

Registered Office :

Bisschoppenhoflaan 82 84 2100 Deurne Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

18 May 1992

 

 

Com. Reg. No.:

290353

 

 

Legal Form :

Private company limited by shares

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

54000 EUR

 

 

Status :

Small Concern

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

name & address

 

HEBOSS INTERNATIONAL

BISSCHOPPENHOFLAAN 82 84

2100 DEURNE BE

Tel. Number   +32-3-2320575

Fax number   +32-3-2320125

 

 

Business founded

18 May 1992

Business registered

19 June 1992 - Private company limited by shares

Business last updated

31 December 2005

Registration number,

290353, ANTWERPEN,

Value Added Tax number,

BE447428138,

Legal form

Private company limited by shares

Activities

Wholesale of metals and metal ores

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 54000 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)

 3

Total share capital31 December 2005

EUR 62000,00

Branch office(s)

BISSCHOPPENHOFLAAN 82 84,2100 DEURNE   

Bank

ING BELGIUM   

Boardmembers

BOSSCHAERTS MICHAEL    Deputy boardmember

 

BELTREX CORPORATE    Boardmember

 

TORFS LUDOVICUS    Boardmember

 

BOSSCHAERTS BARBARA    Boardmember

Management

VAN DEN BOGAERT ANNA    Partner

 

GEUZENS MARIA    Partner

 

DE GROOTTE YOLANDE FRANCINE    Decision-maker

 

VAN CAKENBERGHE HENDRIK JOSEPHINA ARTHUR (RIK)    Representative and auditor

Auditor

VAN CAKENBERGHE & PARTNERS    Auditors´ president

Parent company :

454917528   BELTREX CORPORATE   99,99 %   

 

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 19.742.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.524.000,-

Total fixed assets

50.000,-

Total tangible fixed assets

50.000,-

Plant, machinery and equipment

8.000,-

Total Current assets

3.474.000,-

Inventories and work in progress (incl. prepayments)

1.974.000,-

Accounts receivable (trade)

1.029.000,-

Cash in hand and at bank

457.000,-

Total accrued income and prepaid expenses

14.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

3.524.000,-

Total equity (Shareholders' funds)

524.000,-

Issued (subscribed) capital

62.000,-

Profit reserves

19.000,-

Legal reserves

6.000,-

Profit or loss carried forward

437.000,-

Total liabilities

3.000.000,-

Total long-term liabilities

2.000,-

Long-term liabilities to credit institutions

2.000,-

Total current liabilities

2.984.000,-

Current accounts payable (trade)

1.876.000,-

Current liabilities to credit institutions

554.000,-

Income and social tax liabilities

61.000,-

Total accrued expenses and deferred income

14.000,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Total operating income/revenue

19.745.000,-

Main revenue (sales/turnover)

19.742.000,-

Total operating expenses

-19.402.000,-

Cost of materials (type of expenditure format)

18.274.000,-

Cost of goods sold (operational format)

19.402.000,-

Gross profit or loss after cost of materials or after cost of goods sold

343.000,-

Personnel costs

137.000,-

Depreciation

30.000,-

Operating profit or loss

343.000,-

Financial income

101.000,-

Financial expenses

-271.000,-

Result of ordinary operations

173.000,-

Extraordinary income

169.000,-

Extraordinary expenses

-64.000,-

Extraordinary result

278.000,-

Taxes

-101.000,-

Net profit or loss

177.000,-

Borrowing ratio

572,52 %

Current ratio

115,87 %

Debt gearing

0,38 %

Profit margin.

2,80 %

Quick ratio

49,79 %

Return on assets

19,21 %

Return on equity.

33,77 %

Solidity or equity ratio

14,86 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 19.182.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.523.000,-

Total fixed assets

47.000,-

Total tangible fixed assets

47.000,-

Plant, machinery and equipment

9.000,-

Total Current assets

3.476.000,-

Inventories and work in progress (incl. prepayments)

1.617.000,-

Accounts receivable (trade)

1.142.000,-

Cash in hand and at bank

680.000,-

Total accrued income and prepaid expenses

37.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

3.523.000,-

Total equity (Shareholders' funds)

524.000,-

Issued (subscribed) capital

62.000,-

Profit reserves

19.000,-

Legal reserves

6.000,-

Profit or loss carried forward

437.000,-

Total liabilities

2.999.000,-

Total long-term liabilities

22.000,-

Long-term liabilities to credit institutions

22.000,-

Total current liabilities

2.977.000,-

Current accounts payable (trade)

1.904.000,-

Current liabilities to credit institutions

71.000,-

Income and social tax liabilities

73.000,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Total operating income/revenue

19.201.000,-

Main revenue (sales/turnover)

19.182.000,-

Total operating expenses

-18.326.000,-

Cost of materials (type of expenditure format)

17.409.000,-

Cost of goods sold (operational format)

18.326.000,-

Gross profit or loss after cost of materials or after cost of goods sold

875.000,-

Personnel costs

242.000,-

Depreciation

36.000,-

Operating profit or loss

875.000,-

Financial income

54.000,-

Financial expenses

-198.000,-

Result of ordinary operations

731.000,-

Extraordinary income

1.000,-

Extraordinary expenses

-2.000,-

Extraordinary result

730.000,-

Taxes

-261.000,-

Net profit or loss

469.000,-

Borrowing ratio

572,33 %

Current ratio

116,76 %

Debt gearing

4,20 %

Profit margin.

4,21 %

Quick ratio

61,20 %

Return on assets

24,35 %

Return on equity.

89,50 %

Solidity or equity ratio

14,87 %

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 15.644.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.557.000,-

Total fixed assets

76.000,-

Total tangible fixed assets

76.000,-

Plant, machinery and equipment

11.000,-

Total Current assets

3.481.000,-

Inventories and work in progress (incl. prepayments)

1.516.000,-

Accounts receivable (trade)

1.317.000,-

Cash in hand and at bank

595.000,-

Total accrued income and prepaid expenses

53.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

3.557.000,-

Total equity (Shareholders' funds)

524.000,-

Issued (subscribed) capital

62.000,-

Profit reserves

19.000,-

Legal reserves

6.000,-

Profit or loss carried forward

437.000,-

Total liabilities

3.033.000,-

Total long-term liabilities

43.000,-

Long-term liabilities to credit institutions

43.000,-

Total current liabilities

2.990.000,-

Current accounts payable (trade)

2.275.000,-

Current liabilities to credit institutions

95.000,-

Income and social tax liabilities

63.000,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Total operating income/revenue

15.651.000,-

Main revenue (sales/turnover)

15.644.000,-

Total operating expenses

-15.100.000,-

Cost of materials (type of expenditure format)

14.068.000,-

Cost of goods sold (operational format)

15.100.000,-

Gross profit or loss after cost of materials or after cost of goods sold

551.000,-

Personnel costs

199.000,-

Depreciation

38.000,-

Operating profit or loss

551.000,-

Financial income

236.000,-

Financial expenses

-500.000,-

Result of ordinary operations

287.000,-

Extraordinary income

6.000,-

Extraordinary result

293.000,-

Taxes

-107.000,-

Net profit or loss

186.000,-

Borrowing ratio

578,82 %

Current ratio

116,42 %

Debt gearing

8,21 %

Profit margin.

3,96 %

Quick ratio

63,94 %

Return on assets

10,17 %

Return on equity.

35,49 %

Solidity or equity ratio

14,73 %

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions