MIRA INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIÉTÉ DES MARCHÉS EXTÉRIEURS SA |
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Registered Office : |
Avenue Des Arts 1-2, 1210 Bruxelles |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.04.1964 |
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Legal Form : |
NV Public Limited Company [nat. law] |
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Line of Business : |
Importer, Export of and Trader in all kinds of Merchandise, including Textile, Machinery, etc. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Average 5 days Beyond Terms |
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Litigation : |
Clear |
Name & address
Société Des
Marchés Extérieurs SA
Avenue Des Arts
1-2
1210 BRUXELLES
Tel.:+32
(0)2-2190620
Fax.:+32
(0)2-2174300
Legal status
NV Public limited company [nat. law]
Founded
01/04/1964 as P.l.c.
Trade register
54326367
Capital
nominal EUR 1.250.000,--
issued and paid up EUR 1.250.000,--
Management
Léon ClaudePerahia, born 30/07/1952, Rue
Marcel Moreau 45, COUVIN
Léon ClaudePerahia, born 30/07/1952, Rue
Marcel Moreau 45, COUVIN
Isidore Wajdenbaum, Avenue d'italie 7,
Ixelles
Robert Biesmans, Pinceguerre 1, 24140
Queyssac - France
Leon Claude Perahia, Marcel Moreau 45, 5660
Couvin
Moreau-Cambier Sprl, Ch. de Waterloo 757,
1180 Uccle
Activity
The import, export of and trade in all kinds
of merchandise, including textile, machinery, etc.
Staff
22 employees
Turnover
Net turnover:
2007
Euro 51.301.842
2006
Euro 41.892.622
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result:
2007 Euro 83.250
2006 Euro 15.886
The
shareholders equity was as of:
31/12/2007 Euro 2.099.226
31/12/2006 Euro 2.015.977
The
working capital was as of:
31/12/2007 Euro 1.943.060
31/12/2006 Euro 1.989.571
Participation
(98%):
Somex India Impex Private Limited, Mumbai -
India
Subject matter also holds a stake in XY
Design et Diffusion,
Bruxelles - Belgium.
Full address:
Avenue des Arts 1-2, boite 8, 1210
Saint-Josse-Ten-Noode, Bruxelles
Full company name:
SOCIETE DES MARCHES EXTERIEURS, EN ABREGE :
SOMEX SA
Website : www.somex.be
Banks
ING Bank
VAT-nr.
BE402178232
Mode of payment
On average 5 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following financial data is retrieved
from the corporate balance sheet of :
Société
Des Marchés Extérieurs SA
Avenue
Des Arts 1-2, 1210 BRUXELLES
Trade
register 54326367
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Société Des
Marchés Extérieurs SA *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 10.718
Tangible assets 72.449 45.262
Financial assets 53.583 208.926
Miscellaneous
fixed assets 0 0
Total fixed assets 126.032 264.906
Stock 70.911 31.652
Receivables 14.806.294 17.440.957
Shares 1.601.141 1.641.380
Liquid assets 415.449 594.814
Miscellaneous
current assets 48.018 61.004
Total current assets 16.941.813 19.769.807
Shareholders equity 2.015.977 2.099.226
Provisions 0 0
Long-term
liabilities 3.125 0
Current
liabilities 14.952.242 17.826.747
Minority interests 0 0
Miscellaneous
liabilities 96.501 108.740
Total liabilities 17.067.845 20.034.713
PROFIT & LOSS ACCOUNT
Société Des Marchés
Extérieurs SA
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 41.892.622 51.301.842
Other income 0 0
Total expenses 41.129.077 50.250.202
Operating profit 763.545 1.051.640
Balance financial
P/L -735.934 -906.315
Net profit/loss 1] 27.611 145.325
Taxation 11.725 62.075
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 15.886 83.250
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 15.886 83.250
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
Société Des
Marchés Extérieurs SA
-----2006----- -----2007-----
EQUITY %
Equity gearing 11,8 10,5
Equity/outside
capital 13,4 11,7
LIQUIDITY
Current ratio 1,1 1,1
Acid test 1,1 1,1
RATES OF RETURN %
Total assets 0,2 0,7
Shareholders equity 1,4 6,9
Pre tax
margin % 0,1 0,3
Turnover rate 245,4 256,1
(x
1) (x 1)
-------------------- --------------------
Working capital 1.989.571 1.943.060
Shareholders equity + Equalization acc. 2.015.977 2.099.226
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.49 |
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UK Pound |
1 |
Rs. 84.21 |
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Euro |
1 |
Rs. 66.33 |
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. |
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%)