MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNICUM TRADE BROECHEM BVBA |
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Registered Office : |
Broechemhof 1, 2520 RANST |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.11.1989 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale Business in Spices And Ingredients. |
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
Unicum Trade
Broechem Bvba
Broechemhof 1
2520 RANST
Tel.:+32
(0)3-4750707
Fax.:+32
(0)3-4750130
Legal status
Private limited company
Founded
02/11/1989, BVBA since 14/12/1989
Trade register
52273650
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
Noël
Robin Baele, Broechemhof 1, 2520 Broechem
Geert Van Sebroeck, Sint Katharinastraat 14, 2870 Puurs
Activity
Wholesale business in spices and
ingredients.
Trade name:
-U.T.B.
Warehouse:
-Unicum Trade Broechem BVBA,
Van Den Nestelaan 42, 2520 BROECHEM
Staff
3 employees
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 62.942
2006 Euro 110.248
The
shareholders equity was as of:
31/12/2007 Euro 492.357
31/12/2006 Euro 429.416
The working
capital was as of:
31/12/2007 Euro 138.586
31/12/2006 Euro 284.739
Import : mainly
(eastern) Europe
Export :
the Netherlands
Banks
KBC Bank
VAT-nr.
BE438830572
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 :
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 14.400 53.160
Tangible assets 161.109 1.017.563
Financial assets 0 1.727
Miscellaneous
fixed assets 0 0
Total fixed assets 175.509 1.072.450
Stock 95.285 165.000
Receivables 215.260 290.800
Shares 155.750 264.604
Liquid assets 69.286 121.619
Miscellaneous
current assets 16 5.294
Total current
assets 535.597 847.317
Shareholders equity 429.416 492.357
Provisions 0 0
Long-term
liabilities 30.645 718.437
Current
liabilities 250.858 708.731
Minority interests 0 0
Miscellaneous
liabilities 187 242
Total liabilities 711.106 1.919.767
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 142.283 112.366
Balance financial
P/L -2.671 -29.382
Net profit/loss 1] 139.612 82.984
Taxation 36.389 21.276
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 103.223 61.708
Balance
extraordinary P/L 7.025 1.234
Taxation 0 0
Extraordinary P/L
2] 7.025 1.234
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 110.248 62.942
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 60,4 25,6
Equity/outside
capital 152,4 34,5
LIQUIDITY
Current ratio 2,1 1,2
Acid test 1,8 1
RATES OF RETURN %
Total assets 19,6 4,3
Shareholders equity 32,5 16,9
Pre tax
margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 284.739 138.586
Shareholders equity + Equalization acc. 429.416 492.357
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.72 |
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UK Pound |
1 |
Rs.81.45 |
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Euro |
1 |
Rs.64.47 |
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%)