MIRA
INFORM REPORT
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Report Date : |
30.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGORA MODE ACCESSOIRES NV |
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Registered Office : |
Begoniastraat 3, 9810 Nazareth |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
31.05.1999 |
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Legal Form : |
NV Public Limited Company
[Nat. Law] |
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Line of Business : |
Wholesale
Business in and Retail Trade in and the Manufacture of Clothing and Fashion Accessories. |
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 10 Days Beyond Terms |
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Litigation : |
Clear |
Name & Address
Agora Mode
Accessoires Nv
Begoniastraat 3
9810 NAZARETH
Tel.:+32
(0)9-3857338
Fax.:+32
(0)9-3857337
Legal
status
NV Public limited company
[nat. law]
Founded
31/05/1999 as P.l.c.
Trade
register
99218820
Capital
nominal EUR 312.000,--
issued and paid up EUR 62.000,--
Management
Altea Partners SA, Culliganlaan 2/C, 1831,
Diegem
DEMETER INVEST NV Culliganlaan 2/C, 1831
Diegem
Modito BVBA, Emiel Maeyensstraat 27/6, 9040
Sint-Amandsberg
Activity
Wholesale business
in and retail trade in and the manufacture of clothing and fashion accessories.
Staff
22 employees
Turnover
Net turnover:
2007 Euro 4.462.000
2006 Euro 4.941.000
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 15.000
2006 Euro 353.000
The shareholders equity was as
of:
31/12/2007 Euro 526.000
31/12/2006 Euro 510.000
The working capital was as of:
31/12/2007 Euro 891.000
31/12/2006 Euro 449.000
Website : www.agorafashion.com
Banks
Fortis Bank
VAT-nr.
BE466218820
Mode
of payment
On average 10 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
Agora Mode Accessoires Nv
Begoniastraat 3, 9810 NAZARETH
Trade register 99218820
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Agora Mode Accessoires Nv *** BALANCE SHEET ***
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Intangible assets 592 399
Tangible assets 37 115
Financial assets 1 1
Miscellaneous fixed assets 0 0
Total fixed
assets 630 515
Stock 703 906
Receivables 1.175 1.099
Shares 0 0
Liquid assets 196 79
Miscellaneous current assets 11 24
Total current
assets 2.085 2.108
Shareholders
equity 510 526
Provisions 0 0
Long-term liabilities 557 837
Current liabilities 1.636 1.217
Minority interests 0 0
Miscellaneous
liabilities 12 43
Total liabilities 2.715 2.623
PROFIT & LOSS ACCOUNT
Agora Mode
Accessoires Nv
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Turnover 4.941 4.462
Other income 17 8
Total expenses 4.307 4.406
Operating profit 651 64
Balance financial P/L -75 -93
Net profit/loss 1] 576 -29
Taxation 227 -44
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 349 15
Balance extraordinary P/L 4 0
Taxation 0 0
Extraordinary P/L 2] 4 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 353 15
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
Agora Mode
Accessoires Nv
-----2006----- -----2007-----
EQUITY %
Equity gearing 18,8 20,1
Equity/outside
capital 23,1 25,1
LIQUIDITY
Current ratio 1,3 1,7
Acid test 0,8 1
RATES OF RETURN %
Total assets 21,2 -1,1
Shareholders equity 112,9 -5,5
Pre tax
margin % 11,7 -0,6
Turnover rate 182 170,1
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 449 891
Shareholders equity + Equalization acc. 510 526
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.47 |
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UK Pound |
1 |
Rs. 84.00 |
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Euro |
1 |
Rs. 66.14 |
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%)