MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
FETTWEIS SPRL |
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Registered Office : |
Rue Haut-Husquet
614800 Verviers |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
23.04.1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Selling
and Manufacture of all kinds of Packings, Textiles, Geo-Textiles and Textile
Articles. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 20.000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & address
FETTWEIS SPRL
Rue Haut-Husquet
61
4800 VERVIERS
Tel.:+32
(0)87-333848
Legal
status
Private limited company
Founded
23/04/1999 as BVBA
Trade
register
99806470
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
-Christine Baudinet,
Haut Husquet 61, 4800 Verviers.
Activity
Selling and manufacture
of all kinds of packings, textiles, geo-textiles and textile articles.
Staff
1 employee.
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:
2006 Euro 38.377
2005 Euro 19.400
The shareholders equity was as
of:
31/12/2006 Euro 168.113
31/12/2005 Euro 146.999
The working capital was as of:
31/12/2006 Euro 157.210
31/12/2005 Euro 144.239
Banks
not known
VAT-nr.
BE465806470
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
A maximum credit limit of EUR 20.000
is advised
The
following financial data is retrieved from the corporate balance sheet of
Fettweis Sprl
Rue Haut-Husquet 61, 4800 VERVIERS
Trade register 99806470
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Fettweis Sprl *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 9.089 6.363
Tangible assets 231.788 240.368
Financial assets 3.741 2.716
Miscellaneous fixed assets 0 0
Total fixed assets 244.618 249.447
Stock 59.350 76.848
Receivables 192.653 189.609
Shares 0 0
Liquid assets 25.777 13.451
Miscellaneous current assets 69 90
Total current
assets 277.849 279.998
Shareholders
equity 146.999 168.113
Provisions 3.376 10.975
Long-term liabilities 237.637 226.196
Current liabilities 133.610 122.788
Minority interests 0 0
Miscellaneous
liabilities 845 1.373
Total liabilities 522.467 529.445
PROFIT
& LOSS ACCOUNT
Fettweis Sprl
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 51.259 68.252
Balance financial P/L -22.052 -19.247
Net profit/loss 1] 29.207 49.005
Taxation 12.049 18.706
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 17.158 30.299
Balance extraordinary P/L 1.823 7.677
Taxation 0 0
Extraordinary P/L 2] 1.823 7.677
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 419 401
Net result 19.400 38.377
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
Fettweis Sprl
-----2005----- -----2006-----
EQUITY %
Equity gearing 28,1 31,8
Equity/outside
capital 39,2 46,5
LIQUIDITY
Current ratio 2,1 2,3
Acid test 1,6 1,7
RATES OF RETURN %
Total assets 5,6 9,3
Shareholders equity 19,9 29,2
Pre tax
margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 144.239 157.210
Shareholders equity + Equalization acc. 146.999 168.113
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
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%)