MIRA INFORM REPORT

 

 

Report Date :

13.11.2007

 

IDENTIFICATION DETAILS

 

Name :

Mr. Inox BVBA

 

 

Registered Office :

Antwerpsesteenweg 124, 2630 Aartselaar

 

 

Country :

Belgium

 

 

Date of Incorporation :

24/04/2007

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Trading; buying and selling of inox.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


name & address

 

Mr. Inox BVBA

Antwerpsesteenweg 124

2630   AARTSELAAR

 

 

Legal status

 

Private limited company

 

 

Founded

 

24/04/2007 as BVBA

 

 

Trade register   

 

52889436

 

 

Capital

 

nominal                         EUR     18.600,--

issued and paid up         EUR     18.600,--

 

 

Management

 

Danilo Vella,

Villagio Polymer Collescipoli 40, Terni - Italia

 

 

Activity

 

Trading; buying and selling of inox.

 

                                          

Staff

 

Not known

 

 

Real estate

 

The business premises at the mentioned address has been rented by the company, as far as we know.

 

Finances    

 

Due to the young character of this company a financial comment is not possible at this stage.

 

The course of business development needs to be monitored.

                                          

 

Remarks

 

There is no phone number listed for subject matter.

 

Accountants:

BVBA Acco Accountanskantoor, Prins Boudewijnlaan 177-179, 2610 Wilrijk

 

The manager is also the sole shareholder.

 

There is no manager or proxy on record with an address in Belgium, but the accountants are authorized to sigh on behalf of subject matter.

 

 

Banks    

 

ING Bank, Antwerpen,  36.30.14.291

 

 

VAT-nr.

 

BE889436055

 

 

Mode of payment

 

Mode of payment has not been registered

 

 

Credit demand

 

No direct objections against entering into a business relationship.

 

In view of the young character of the company, we advise you to deal on cash-payment terms.

 

 


 

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.

 

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