MIRA
INFORM REPORT
|
Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
INNOVATRADING BVBA |
|
|
|
|
Registered Office : |
44 Koninklijke Baan De Haan |
|
|
|
|
Country : |
Belgium |
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|
|
|
Financials (as on) : |
31.12.2007 |
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|
|
|
Date of Incorporation : |
08.02.2003 |
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|
|
|
Com. Reg. No.: |
479608679 |
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|
|
|
Legal Form : |
Private (Sole-Trader) Limited Liability Comp. |
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|
|
|
Line of Business : |
Agents involved in the Sale of Food, Beverages and Tobacco |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
|
|
Business Name |
INNOVATRADING BVBA |
|
Business Number |
479608679 |
|
Address |
44 KONINKLIJKE BAAN DE HAAN |
|
Post Code |
8420 |
|
Telephone |
-- |
|
Fax Number |
-- |
|
Date of Establisment |
08-02-2003 |
|
Number of Employees |
0 |
|
CREDIT
INFORMATION SUMMARY |
||
|
Company Status |
ACTIVE |
|
|
Date of Deposit at Registry |
03-07-2007 |
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|
Date of Last Accounts |
31-12-2007 |
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|
Turnover |
- |
|
|
Results of Ordinary Operations Before Tax |
34,496 |
|
|
Networth |
198,171 |
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|
PAST PAYMENTS |
|
|
Payment Expectation Days |
|
|
Days Sales Outstanding |
|
|
Industry Average Payment Expectation Days |
66.57 |
|
Industry Average Day Sales Outstanding |
84.93 |
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COURT DATA
SUMMARY |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
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Protested
Bills |
|
|
Bill Amount |
|
|
NSSO
Details |
|
|
Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
479608679 |
|
Name |
INNOVATRADING BVBA |
|
Fax Number |
-- |
|
Establishment Date |
08-02-2003 |
|
Company Status |
ACTIVE |
|
Company Type |
Private (sole-trader) limited liability comp. |
|
Activity Description |
Agents involved in the sale of food, beverages and tobacco |
|
Activity Code |
46170 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
LATEST BRANCH
DETAILS |
|
|
Street |
ZINKHOEVELAAN |
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House Number |
37 |
|
City |
WILRIJK (ANTWERPEN) |
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Postal Code |
2610 |
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Trade Registered Number |
353512 |
|
Trade Registered Entry Date |
01-03-2003 |
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CONTRACTOR
DETAILS |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
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Striking Off Date |
-- |
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LATEST EVENT |
|
|
Serial Number |
160619 |
|
Event Description |
Transfer of registered office |
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|
|
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 |
10,549 |
-86.9% |
80,312 |
-47.0% |
151,662 |
|
Total Financial Income |
40,936 |
782.4% |
4,639 |
-22.7% |
6,003 |
|
Total Financial Expenses |
16,989 |
12.9% |
15,049 |
-57.4% |
35,353 |
|
Results on Ordinary Operations Before Tax |
34,496 |
-50.7% |
69,902 |
-42.8% |
122,312 |
|
Taxation |
14,114 |
-31.5% |
20,615 |
-48.6% |
40,070 |
|
Results on Ordinary Operations After Tax |
20,382 |
-58.6% |
49,287 |
-40.1% |
82,242 |
|
Extraordinary Items |
64 |
228.0% |
-50 |
- |
0 |
|
Net Result |
20,446 |
-58.5% |
49,237 |
-40.1% |
82,242 |
|
Other Information |
|||||
|
Dividends |
- |
- |
15,000 |
520.3% |
2,418 |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
0 |
- |
0 |
- |
0 |
|
- Wages & Salaries |
- |
- |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
- |
- |
|
Amortization & Depreciation |
11,316 |
-0.5% |
11,368 |
-4.7% |
11,933 |
|
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 |
286,350 |
-3.8% |
297,666 |
-3.7% |
309,034 |
|
- Land And Buildings |
280,596 |
-4.5% |
293,865 |
-0.8% |
296,229 |
|
- Plant And Machinery |
274 |
-50.1% |
549 |
-93.0% |
7,875 |
|
- Other Tangible Assets |
5,480 |
68.5% |
3,252 |
-34.0% |
4,930 |
|
Financial Fixed Assets |
1,800 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
288,150 |
-3.2% |
297,666 |
-3.7% |
309,034 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
46,469 |
- |
0 |
-100.0% |
31,718 |
|
Trade Debtors |
503,538 |
71.0% |
294,415 |
-7.0% |
316,459 |
|
Cash |
91,528 |
283.2% |
23,883 |
246.6% |
6,891 |
|
- Miscellaneous Current Assets |
25,594 |
-0.8% |
25,811 |
-44.8% |
46,736 |
|
Total Current Assets |
667,129 |
93.9% |
344,109 |
-14.4% |
401,804 |
|
- Trade Creditors |
459,657 |
184.9% |
161,342 |
-43.9% |
287,817 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
26,455 |
18.0% |
22,427 |
5.0% |
21,364 |
|
- Miscellaneous Current Liabilities |
77,493 |
22.5% |
63,235 |
238.2% |
18,695 |
|
Total Current Liabilities |
563,605 |
128.2% |
247,004 |
-24.7% |
327,876 |
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
136,503 |
-14.7% |
160,046 |
-33.2% |
239,474 |
|
- Other Long Term Liabilities |
57,000 |
0.0% |
57,000 |
- |
0 |
|
Total Long Term Debts |
193,503 |
-10.8% |
217,046 |
-9.4% |
239,474 |
|
- Issued Share Capital |
18,600 |
0.0% |
18,600 |
0.0% |
18,600 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
179,571 |
12.8% |
159,125 |
27.4% |
124,888 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
198,171 |
11.5% |
177,725 |
23.9% |
143,488 |
|
Working Capital |
103,524 |
6.6% |
97,105 |
31.4% |
73,928 |
|
Net Worth |
198,171 |
11.5% |
177,725 |
23.9% |
143,488 |
|
RATIO ANALYSIS |
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|
Trading Performance |
|||||
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Pre-tax Profit Margin |
- |
- |
- |
- |
- |
|
Return On Capital Employed |
8.81 |
-50.3% |
17.71 |
-44.6% |
31.94 |
|
Return On Total Assets Employed |
3.61 |
-66.9% |
10.89 |
-36.7% |
17.21 |
|
Return On Net Assets Employed |
33.32 |
-53.7% |
71.99 |
-56.5% |
165.45 |
|
Sales / Net Working Capital |
- |
- |
- |
- |
- |
|
Operating Efficiency |
|||||
|
Stock Turnover Ratio |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Short Term Stability |
|||||
|
Current Ratio |
1.18 |
-15.1% |
1.39 |
13.0% |
1.23 |
|
Liquidity Ratio / Acid Ratio |
1.10 |
-20.9% |
1.39 |
23.0% |
1.13 |
|
Current Debt Ratio |
2.84 |
104.3% |
1.39 |
-39.3% |
2.29 |
|
Long Term Stability |
|||||
|
Gearing |
82.23 |
-19.9% |
102.67 |
-43.5% |
181.78 |
|
Equity In Percentage |
0.21 |
-25.0% |
0.28 |
40.0% |
0.20 |
|
Total Debt Ratio |
0.82 |
-20.4% |
1.03 |
-43.4% |
1.82 |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
4617 |
|
Activity Description |
Agents involved in the sale of food, beverages and tobacco |
|
Industry Average Day Sales Outstanding |
84.93 |
|
Industry Average Payment Expectation Days |
66.57 |
|
INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
21.94 |
|
Payment Expectations - Median |
53.20 |
|
Payment Expectations - Upper |
97.37 |
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Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
12.86 |
|
Day Sales Outstanding - Median |
35.13 |
|
Day Sales Outstanding - Upper |
77.86 |
Shareholders
No holding companies for this company.
No subsidaries for this company.
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 |
|
|
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 |
MICHEL GERARD DIRK DRIESSENS |
|
Position |
Manager |
|
Address |
37 ZINKHOEVELAAN ANTWERPEN(WILRIJK) |
|
Postal Code |
2610 |
|
Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.59 |
|
UK Pound |
1 |
Rs.74.55 |
|
Euro |
1 |
Rs.60.57 |
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%)