MIRA
INFORM REPORT
|
Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LUC MAEBE NV |
|
|
|
|
Registered Office : |
1 Bessemstraat Waregem 8790 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
08.10.1980 |
|
|
|
|
Com. Reg. No.: |
420864489 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of Machinery for the Textile Industry, and of Sewing and
Knitting Machines |
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 : |
(€)145,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
|
|
Business Name |
LUC MAEBE NV |
|
Business Number |
420864489 |
|
Address |
1 BESSEMSTRAAT WAREGEM |
|
Post Code |
8790 |
|
Telephone |
056716136 |
|
Fax Number |
056704272 |
|
Date of Establisment |
08-10-1980 |
|
Number of Employees |
0 |
|
CREDIT
INFORMATION SUMMARY |
||
|
Today's Credit Limit (€) |
145,000 |
|
|
Today's Purchase Limit (€) |
|
|
|
Date of Deposit at Registry |
09-06-2008 |
|
|
Date of Last Accounts |
31-12-2007 |
|
|
Turnover |
- |
|
|
Results of Ordinary Operations Before Tax |
130,816 |
|
|
Networth |
1,360,093 |
|
|
PAST PAYMENTS |
|
|
Payment Expectation Days |
|
|
Days Sales Outstanding |
|
|
Industry Average Payment Expectation Days |
64.41 |
|
Industry Average Day Sales Outstanding |
102.54 |
|
COURT DATA
SUMMARY |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
|
Protested
Bills |
|
|
Bill Amount |
|
|
NSSO
Details |
|
|
Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
420864489 |
|
Name |
LUC MAEBE NV |
|
Fax Number |
056704272 |
|
Establishment Date |
08-10-1980 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of machinery for the textile industry, and of sewing and
knitting machines |
|
Activity Code |
46640 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
LATEST BRANCH
DETAILS |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
CONTRACTOR
DETAILS |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
LATEST EVENT |
|
|
Serial Number |
95543 |
|
Event Description |
Transfer of registered office |
Accounts
& Ratio
|
PERIOD |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
PROFIT &
LOSS |
|||||
|
Turnover |
- |
- |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
- |
- |
|
Operating Result |
101,899 |
-42.9% |
178,437 |
47.7% |
120,819 |
|
Total Financial Income |
37,431 |
89.8% |
19,718 |
73.8% |
11,342 |
|
Total Financial Expenses |
8,514 |
-75.2% |
34,369 |
47.7% |
23,268 |
|
Results on Ordinary Operations Before Tax |
130,816 |
-20.1% |
163,786 |
50.4% |
108,893 |
|
Taxation |
32,908 |
-22.2% |
42,277 |
2.4% |
41,275 |
|
Results on Ordinary Operations After Tax |
97,908 |
-19.4% |
121,509 |
79.7% |
67,618 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
97,908 |
-19.4% |
121,509 |
79.7% |
67,618 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
14,000 |
|
Employee Costs |
27,312 |
2.4% |
26,681 |
4.5% |
25,535 |
|
- Wages & Salaries |
21,740 |
1.7% |
21,367 |
2.7% |
20,802 |
|
- Social Security Contributions |
4,472 |
2.0% |
4,384 |
5.8% |
4,143 |
|
- Other Employee Costs |
1,100 |
18.3% |
930 |
57.6% |
590 |
|
Amortization & Depreciation |
35,593 |
31.0% |
27,167 |
-6.6% |
29,087 |
|
BALANCE SHEET |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
208,032 |
55.0% |
134,255 |
-16.2% |
160,267 |
|
- Land And Buildings |
116,500 |
-3.2% |
120,397 |
-3.1% |
124,294 |
|
- Plant And Machinery |
4,654 |
91.0% |
2,437 |
-23.8% |
3,200 |
|
- Other Tangible Assets |
86,878 |
660.7% |
11,421 |
-65.2% |
32,773 |
|
Financial Fixed Assets |
0 |
- |
0 |
-100.0% |
500,000 |
|
Total Fixed Assets |
208,032 |
55.0% |
134,255 |
-79.7% |
660,267 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
539,000 |
338.2% |
123,000 |
-11.0% |
138,200 |
|
Trade Debtors |
264,085 |
19.7% |
220,653 |
-44.6% |
398,180 |
|
Cash |
133,116 |
-72.4% |
482,441 |
-27.0% |
660,923 |
|
- Miscellaneous Current Assets |
1,050,531 |
6.0% |
990,820 |
132.0% |
427,042 |
|
Total Current Assets |
1,986,732 |
9.3% |
1,816,914 |
11.9% |
1,624,345 |
|
|
|||||
|
- Trade Creditors |
802,025 |
31.2% |
611,527 |
-40.7% |
1,031,082 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
32,646 |
-57.9% |
77,457 |
-31.4% |
112,854 |
|
Total Current Liabilities |
834,671 |
21.1% |
688,984 |
-39.8% |
1,143,936 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
0 |
- |
0 |
- |
0 |
|
|
|||||
|
- Issued Share Capital |
62,000 |
0.0% |
62,000 |
0.0% |
62,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
1,298,093 |
8.2% |
1,200,185 |
11.3% |
1,078,676 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
1,360,093 |
7.8% |
1,262,185 |
10.7% |
1,140,676 |
|
|
|||||
|
Working Capital |
1,152,061 |
2.1% |
1,127,930 |
134.8% |
480,409 |
|
Net Worth |
1,360,093 |
7.8% |
1,262,185 |
10.7% |
1,140,676 |
|
RATIO ANALYSIS |
|||||
|
Trading
Performance |
|||||
|
Pre-tax Profit Margin |
- |
- |
- |
- |
- |
|
Return On Capital Employed |
9.62 |
-25.9% |
12.98 |
35.9% |
9.55 |
|
Return On Total Assets Employed |
5.96 |
-29.0% |
8.39 |
75.9% |
4.77 |
|
Return On Net Assets Employed |
11.35 |
-21.8% |
14.52 |
-36.0% |
22.67 |
|
Sales / Net Working Capital |
- |
- |
- |
- |
- |
|
Operating
Efficiency |
|||||
|
Stock Turnover Ratio |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Short Term
Stability |
|||||
|
Current Ratio |
2.38 |
-9.8% |
2.64 |
85.9% |
1.42 |
|
Liquidity Ratio / Acid Ratio |
1.73 |
-29.7% |
2.46 |
89.2% |
1.30 |
|
Current Debt Ratio |
0.61 |
10.9% |
0.55 |
-45.0% |
1.00 |
|
Long Term
Stability |
|||||
|
Gearing |
0 |
- |
0 |
- |
0 |
|
Equity In Percentage |
0.62 |
-4.6% |
0.65 |
30.0% |
0.50 |
|
Total Debt Ratio |
0 |
- |
0 |
- |
0 |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
4664 |
|
Activity Description |
Wholesale of machinery for the textile industry and of sewing and
knitting machines |
|
Industry Average
Day Sales Outstanding |
102.54 |
|
Industry Average
Payment Expectation Days |
64.41 |
|
INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment
Expectation Days |
|
|
Payment Expectations - Lower |
37.85 |
|
Payment Expectations - Median |
70.88 |
|
Payment Expectations - Upper |
94.39 |
|
Day
Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
7.60 |
|
Day Sales Outstanding - Median |
61.20 |
|
Day Sales Outstanding - Upper |
99.94 |
Shareholders
No holding companies for this company.
|
SUBSIDARY |
|
|
Company Name |
PRIAMOS NV |
|
Business Number |
479653518 |
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Court
Data
|
PROTESTED BILLS |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
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City of Drawer |
-- |
|
NSSO DETAILS |
|
|
Business Number |
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|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
BANKRUPTCY DATA |
|
There is no bankruptcy data against this company. |
Directors
|
COMPANY DIRECTOR |
|
|
FullName |
LUC RUFIN MAEBE |
|
Position |
Managing director |
|
Address |
2 KLEURVINGE WAREGEM (BEVEREN) |
|
Postal Code |
8791 |
|
Country |
-- |
|
COMPANY DIRECTOR |
|
|
FullName |
GUIDO DEDEYNE |
|
Position |
Director |
|
Address |
39 FELIX VERHAEGHESTRAAT WAREGEM |
|
Postal Code |
8790 |
|
Country |
-- |
|
COMPANY DIRECTOR |
|
|
FullName |
TITAN |
|
Position |
Director |
|
Address |
22 ONZE-LIEVE-VROUWEDREEF BRUGGE |
|
Postal Code |
8200 |
|
Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.32 |
|
UK Pound |
1 |
Rs.74.20 |
|
Euro |
1 |
Rs.60.73 |
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%)