MIRA INFORM REPORT

 

 

Report Date :

28.01.2008

 

IDENTIFICATION DETAILS

 

Name :

JMB GROUP

 

 

Registered Office :

Rue Des Werihets 3, 4280 Moxhe Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

18.12.2000

 

 

Com. Reg. No.:

46854, HUY,

 

 

Legal Form :

Private company with limited lability

 

 

Line of Business :

Wholesale of grain, seeds and animal feeds

 

 

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 :

42500 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

COMPANY NAME & ADDRESS

 

JMB GROUP

RUE DES WERIHETS 3

4280 MOXHE BE

Tel. Number                                +32-19-697390

Fax number                                +32-19-571271

 

 

Business founded

18 December 2000

Business registered

11 May 2001 - Private company with limited lability

Registration number,

46854, HUY,

VAT number,

BE473680494,

Legal form

Private company with limited lability

Activities

Wholesale of grain, seeds and animal feeds

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 42500 EUR is advised

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 2

Total share capital31 December 2006

EUR 6551,00

Bank

ING BELGIUM   

Boardmembers

BONHOMME JEAN-MARIE NICOLAS HUBERT    Manager

Management

DAULIE NADIA YANNICK MICHELE    Partner

 

BONHOMME JEAN-MARIE NICOLAS HUBERT    Partner

 

GEURTS FABRICE    Director and technical head officer

 

DORTU CHRISTIANE    Sales manager

Subsidiary company.

474003267   BARNES   99,00 %   

 

 

 

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

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.307.723,-

Total fixed assets

371.938,-

Total tangible fixed assets

364.903,-

Land and buildings

311.740,-

Plant, machinery and equipment

12.166,-

Total financial fixed assets

7.035,-

Total Current assets

935.785,-

Inventories and work in progress (incl. prepayments)

700.787,-

Accounts receivable (trade)

98.363,-

Cash in hand and at bank

129.154,-

Total accrued income and prepaid expenses

7.481,-

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

1.307.723,-

Total equity (Shareholders' funds)

1.019.488,-

Issued (subscribed) capital

20.051,-

Profit reserves

629.291,-

Legal reserves

383.646,-

Total liabilities

288.235,-

Total long-term liabilities

80.354,-

Total current liabilities

204.774,-

Current accounts payable (trade)

71.696,-

Income and social tax liabilities

15.961,-

Total accrued expenses and deferred income

3.107,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Cost of goods sold (operational format)

118.358,-

Personnel costs

68.955,-

Depreciation

37.708,-

Operating profit or loss

208.850,-

Financial income

11.530,-

Financial expenses

36.884,-

Result of ordinary operations

183.496,-

Extraordinary income

5.994,-

Extraordinary result

189.490,-

Taxes

60.183,-

Net profit or loss

129.307,-

Borrowing ratio

23,02 %

Current ratio

450,15 %

Debt gearing

6,42 %

Quick ratio

111,10 %

Return on assets

20,19 %

Return on equity.

12,68 %

Solidity or equity ratio

77,95 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 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

1.751.018,-

Total fixed assets

368.063,-

Total tangible fixed assets

361.028,-

Land and buildings

328.849,-

Plant, machinery and equipment

4.524,-

Total financial fixed assets

7.035,-

Total Current assets

1.382.955,-

Inventories and work in progress (incl. prepayments)

748.654,-

Accounts receivable (trade)

19.811,-

Cash in hand and at bank

605.430,-

Total accrued income and prepaid expenses

9.060,-

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

1.751.018,-

Total equity (Shareholders' funds)

890.181,-

Issued (subscribed) capital

20.051,-

Profit reserves

499.984,-

Legal reserves

383.646,-

Total liabilities

860.837,-

Total long-term liabilities

133.926,-

Total current liabilities

725.987,-

Current accounts payable (trade)

1.963,-

Income and social tax liabilities

18.327,-

Total accrued expenses and deferred income

924,-

 

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

Cost of goods sold (operational format)

124.710,-

Personnel costs

71.346,-

Depreciation

42.202,-

Operating profit or loss

258.462,-

Financial income

9.499,-

Financial expenses

-41.970,-

Result of ordinary operations

225.991,-

Extraordinary expenses

-53.879,-

Extraordinary result

172.112,-

Taxes

-51.478,-

Net profit or loss

120.634,-

Borrowing ratio

76,66 %

Current ratio

190,25 %

Debt gearing

11,93 %

Quick ratio

86,12 %

Return on assets

14,63 %

Return on equity.

13,55 %

Solidity or equity ratio

50,83 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 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

2.511.424,-

Total fixed assets

1.295.406,-

Total tangible fixed assets

278.546,-

Land and buildings

246.118,-

Total financial fixed assets

1.016.860,-

Total Current assets

1.216.018,-

Inventories and work in progress (incl. prepayments)

689.734,-

Accounts receivable (trade)

128.931,-

Investments (short-term)

100.000,-

Cash in hand and at bank

291.629,-

Total accrued income and prepaid expenses

5.724,-

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

2.511.424,-

Total equity (Shareholders' funds)

425.355,-

Issued (subscribed) capital

20.000,-

Profit reserves

398.105,-

Legal reserves

20.750,-

Total liabilities

2.086.069,-

Total long-term liabilities

187.498,-

Total current liabilities

1.897.844,-

Current accounts payable (trade)

207.311,-

Income and social tax liabilities

18.291,-

Total accrued expenses and deferred income

727,-

 

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

Cost of goods sold (operational format)

1.101.432,-

Personnel costs

80.358,-

Depreciation

47.980,-

Operating profit or loss

299.322,-

Financial income

4.870,-

Financial expenses

-61.079,-

Result of ordinary operations

243.113,-

Extraordinary income

8.897,-

Extraordinary result

252.010,-

Taxes

-76.932,-

Net profit or loss

175.078,-

Borrowing ratio

477,59 %

Current ratio

64,04 %

Debt gearing

42,93 %

Quick ratio

27,42 %

Return on assets

14,02 %

Return on equity.

41,16 %

Solidity or equity ratio

16,93 %

 

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