MIRA
INFORM REPORT
|
Report Date : |
20.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
SNEHDIAM BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 62,
2018 Antwerpen Be |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
21 October 1992 |
|
|
|
|
Com. Reg. No.: |
292813 |
|
|
|
|
Legal Form : |
Single Member
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of
miscellaneous intermediate products |
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 : |
13500 EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
SNEHDIAM
PELIKAANSTRAAT 62
2018 ANTWERPEN BE
Tel. Number +32-3-2132793
Fax number +32-3-2132793
|
Business founded |
21 October 1992 |
|
Business
registered |
16 November 1992
- Single member private limited company |
|
Registration
number, |
292813,
ANTWERPEN, |
|
Value Added Tax number, |
BE448544826, |
|
Judicial form |
Single member
private limited company |
|
Activities |
Wholesale of miscellaneous
intermediate products |
|
Payment
experience |
no complaints
have been registered |
|
Credit opinion |
Credit opinion |
|
|
Maximum credit
limit 13500 EUR is advised |
|
|
Cash situation
(balance sheet analysis) : |
|
|
Profitability
(balance sheet analysis) : Low |
|
|
Commitments
(regarding contractual obligations) : Currently fulfilled |
|
|
Payment
defaults : None |
|
Total share
capital31 December 2005 |
EUR 18592,00 |
|
Branch office(s) |
SCHUPSTRAAT 1 7 B.507,2018
ANTWERPEN |
|
Bank |
BANQUE
DIAMANTAIRE ANVERSOISE |
|
Management |
MEYNENDONCKX BART
FILIP GERARD Representative and auditor |
|
Auditor |
LUYTEN-MEYNENDONCKX
& PARTNERS BEDRIJFREVISOREN/REVISEURS
D'ENTREPRISE Auditors´ president |
|
|
|
|
|
|
|
|
|
|
|
|
|
The business owns
or partly owns one or more pieces of land and
buildings? Yes(Property) |
|
|
|
|
|
PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2005 in
EUR 5.668.886,00 |
|
|
Not consolidated
profit and loss turnover of the business: |
|
|
|
|
|
PER, period that
the financial account covers for not consolidated balance sheet.: 00
0000 - 31 December 2005 in EUR |
|
|
Total assets
incl. prepaid expenses and accrued income |
1.774.019,- |
|
Total fixed
assets |
1.653,- |
|
Total tangible
fixed assets |
455,- |
|
Total financial
fixed assets |
1.198,- |
|
Total Current
assets |
1.772.366,- |
|
Inventories and
work in progress (incl. prepayments) |
624.923,- |
|
Accounts
receivable (trade) |
1.082.765,- |
|
Investments
(short-term) |
1.140,- |
|
Cash in hand and
at bank |
63.538,- |
|
Total equity,
provisions, liabilities, accrued expenses and deferred income |
1.774.019,- |
|
Total equity
(Shareholders' funds) |
91.226,- |
|
Issued (subscribed)
capital |
18.592,- |
|
Legal reserves |
1.859,- |
|
Profit or loss
carried forward |
70.775,- |
|
Total liabilities |
1.682.793,- |
|
Total current
liabilities |
1.682.793,- |
|
Current accounts
payable (trade) |
1.005.034,- |
|
Current liabilities
to credit institutions |
21.478,- |
|
Income and social
tax liabilities |
8.120,- |
|
|
|
|
PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2005 in EUR |
|
|
Main revenue (sales/turnover) |
5.668.886,- |
|
Cost of goods
sold (operational format) |
1.985,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
5.666.901,- |
|
Depreciation |
634,- |
|
Operating profit
or loss |
19.300,- |
|
Financial expenses |
-11.153,- |
|
Result of
ordinary operations |
8.147,- |
|
Extraordinary
income |
3.375,- |
|
Extraordinary
result |
11.522,- |
|
Taxes |
-2.500,- |
|
Net profit or
loss |
9.022,- |
|
Borrowing ratio |
1844,64 % |
|
Current ratio |
105,32 % |
|
Profit margin. |
0,35 % |
|
Quick ratio |
68,18 % |
|
Return on assets |
1,31 % |
|
Return on equity. |
9,88 % |
|
Solidity or
equity ratio |
5,14 % |
|
|
|
|
PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004 in
EUR 4.125.908,00 |
|
|
Not
consolidated profit and loss turnover of the business: |
|
|
|
|
|
PER, period that
the financial account covers for not consolidated balance sheet.: 00
0000 - 31 December 2004 in EUR |
|
|
Total assets
incl. prepaid expenses and accrued income |
1.649.662,- |
|
Total fixed
assets |
2.287,- |
|
Total tangible
fixed assets |
1.089,- |
|
Total financial
fixed assets |
1.198,- |
|
Total Current
assets |
1.647.375,- |
|
Inventories and
work in progress (incl. prepayments) |
661.198,- |
|
Accounts receivable
(trade) |
956.474,- |
|
Investments
(short-term) |
1.140,- |
|
Cash in hand and
at bank |
28.563,- |
|
Total equity,
provisions, liabilities, accrued expenses and deferred income |
1.649.662,- |
|
Total equity
(Shareholders' funds) |
82.204,- |
|
Issued
(subscribed) capital |
18.592,- |
|
Legal reserves |
1.859,- |
|
Profit or loss
carried forward |
61.753,- |
|
Total liabilities |
1.567.458,- |
|
Total current
liabilities |
1.567.458,- |
|
Current accounts
payable (trade) |
870.576,- |
|
Current liabilities
to credit institutions |
2.156,- |
|
Income and social
tax liabilities |
5.620,- |
|
|
|
|
PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2004 in EUR |
|
|
Main revenue (sales/turnover) |
4.125.908,- |
|
Cost of goods
sold (operational format) |
2.086,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
4.123.822,- |
|
Depreciation |
1.209,- |
|
Operating profit
or loss |
21.678,- |
|
Financial expenses |
-12.274,- |
|
Result of
ordinary operations |
9.404,- |
|
Extraordinary
result |
9.404,- |
|
Taxes |
-2.400,- |
|
Net profit or
loss |
7.004,- |
|
Borrowing ratio |
1906,79 % |
|
Current ratio |
105,09 % |
|
Profit margin. |
0,55 % |
|
Quick ratio |
62,91 % |
|
Return on assets |
1,38 % |
|
Return on equity. |
8,52 % |
|
Solidity or
equity ratio |
4,98 % |
|
|
|
|
PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003 in
EUR 3.816.000,00 |
|
|
Not consolidated
profit and loss turnover of the business: |
|
|
|
|
|
PER, period that
the financial account covers for not consolidated balance sheet.: 00
0000 - 31 December 2003 in EUR |
|
|
Total assets
incl. prepaid expenses and accrued income |
1.760.000,- |
|
Total fixed
assets |
5.000,- |
|
Total tangible
fixed assets |
2.000,- |
|
Total financial
fixed assets |
3.000,- |
|
Investments
(long-term) |
3.000,- |
|
Total Current
assets |
1.755.000,- |
|
Inventories and work
in progress (incl. prepayments) |
762.000,- |
|
Accounts
receivable (trade) |
955.000,- |
|
Investments
(short-term) |
1.000,- |
|
Cash in hand and
at bank |
37.000,- |
|
Total equity,
provisions, liabilities, accrued expenses and deferred income |
1.760.000,- |
|
Total equity
(Shareholders' funds) |
75.000,- |
|
Issued
(subscribed) capital |
19.000,- |
|
Legal reserves |
2.000,- |
|
Profit or loss
carried forward |
54.000,- |
|
Total liabilities |
1.685.000,- |
|
Total current
liabilities |
1.685.000,- |
|
Current accounts
payable (trade) |
922.000,- |
|
Current
liabilities to credit institutions |
30.000,- |
|
Income and social
tax liabilities |
7.000,- |
|
|
|
|
PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2003 in EUR |
|
|
Total operating
income/revenue |
3.819.000,- |
|
Main revenue
(sales/turnover) |
3.816.000,- |
|
Total operating
expenses |
-3.800.000,- |
|
Cost of materials
(type of expenditure format) |
3.722.000,- |
|
Cost of goods
sold (operational format) |
3.800.000,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
19.000,- |
|
Depreciation |
1.000,- |
|
Operating profit
or loss |
19.000,- |
|
Financial
expenses |
-10.000,- |
|
Result of ordinary
operations |
9.000,- |
|
Extraordinary
result |
9.000,- |
|
Taxes |
-2.000,- |
|
Net profit or
loss |
7.000,- |
|
Borrowing ratio |
2246,67 % |
|
Current ratio |
104,15 % |
|
Profit margin. |
0,52 % |
|
Quick ratio |
58,93 % |
|
Return on assets |
1,13 % |
|
Return on equity. |
9,33 % |
|
Solidity or
equity ratio |
4,26 % |
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%)