MIRA INFORM REPORT
|
Report Date : |
21.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
MEDIBEL NV |
|
|
|
|
Registered Office : |
31 Nijverheidsstraat Zaventem, 1930 |
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Country : |
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|
|
Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
16.08.1966 |
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Com. Reg. No.: |
403181686 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesale of Beverages, General Assortment |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 465,000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Company Summary
|
Company Summary |
|
|
Business Name |
MEDIBEL NV |
|
Business Number |
403181686 |
|
Address |
31 NIJVERHEIDSSTRAAT ZAVENTEM |
|
Post Code |
1930 |
|
Telephone |
027251920 |
|
Fax Number |
027254807 |
|
Date of Establishment |
16-08-1966 |
|
Number of Employees |
4 |
|
Date of Deposit at Registry |
30-06-2008 |
|
Date of Last Accounts |
31-12-2007 |
|
Turnover |
31,142,613 |
|
Results of Ordinary Operations Before Tax |
185,974 |
|
Networth |
4,786,680 |
Past Payments
|
|
|
Payment Expectation Days |
33.27 |
|
Days Sales Outstanding |
54.51 |
|
Industry Average Payment Expectation Days |
77.22 |
|
Industry Average Day Sales Outstanding |
76.68 |
Court Data Summary
|
|
bankruptcy details |
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
|
|
|
NSSO Details |
|
|
Date of Summons |
-- |
Company
Information
|
company details |
|
|
Business Number |
403181686 |
|
Name |
MEDIBEL NV |
|
Fax Number |
027254807 |
|
Establishment Date |
16-08-1966 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of beverages, general assortment |
|
Activity Code |
46349 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch
Details |
|
|
Street |
LOUIS SCHMIDTLAAN |
|
House Number |
57 |
|
City |
ETTERBEEK |
|
Postal Code |
1040 |
|
Trade Registered Number |
306410 |
|
Trade Registered Entry Date |
01-12-1994 |
|
Contractor
Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
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Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
92673 |
|
Event Description |
Reappointment commissioner |
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 |
31,142,613 |
21.4% |
25,657,691 |
19.0% |
21,566,000 |
|
Total Operating Expenses |
30,289,359 |
23.6% |
24,496,924 |
21.3% |
20,191,000 |
|
Operating Result |
853,254 |
-26.5% |
1,160,767 |
-15.6% |
1,375,000 |
|
Total Financial Income |
697,105 |
-2.4% |
714,064 |
-36.2% |
1,119,000 |
|
Total Financial Expenses |
1,364,385 |
63.2% |
836,273 |
-45.9% |
1,547,000 |
|
Results on Ordinary Operations Before Tax |
185,974 |
-82.1% |
1,038,558 |
23.2% |
843,000 |
|
Taxation |
29,528 |
-90.5% |
312,459 |
30.7% |
239,000 |
|
Results on Ordinary Operations After Tax |
156,446 |
-78.5% |
726,099 |
20.2% |
604,000 |
|
Extraordinary Items |
3,292 |
565.1% |
495 |
149.5% |
-1,000 |
|
Net Result |
159,738 |
-78.0% |
726,594 |
20.5% |
603,000 |
|
Other Information |
|||||
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Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
176,880 |
-9.0% |
194,434 |
-3.7% |
202,000 |
|
- Wages & Salaries |
140,879 |
-3.4% |
145,878 |
-5.9% |
155,000 |
|
- Social Security Contributions |
31,961 |
-13.2% |
36,831 |
-3.1% |
38,000 |
|
- Other Employee Costs |
4,040 |
-65.5% |
11,725 |
30.3% |
9,000 |
|
Amortization & Depreciation |
18,132 |
7.6% |
16,855 |
180.9% |
6,000 |
|
Balance Sheet |
|||||
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Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
45,177 |
9.5% |
41,240 |
71.8% |
24,000 |
|
Tangible Fixed Assets |
10,669 |
-27.6% |
14,744 |
-13.3% |
17,000 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
0 |
- |
0 |
- |
0 |
|
- Other Tangible Assets |
10,669 |
-27.6% |
14,744 |
-13.3% |
17,000 |
|
Financial Fixed Assets |
110,880 |
3.1% |
107,588 |
-2.2% |
110,000 |
|
Total Fixed Assets |
166,726 |
1.9% |
163,572 |
8.3% |
151,000 |
|
Inventories |
|||||
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- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
5,589,971 |
-42.8% |
9,773,123 |
105.1% |
4,765,000 |
|
Trade Debtors |
4,650,777 |
10.4% |
4,211,144 |
3.7% |
4,060,000 |
|
Cash |
106,067 |
89,031.9% |
119 |
-100.0% |
455,000 |
|
- Miscellaneous Current Assets |
3,047,286 |
465.6% |
538,813 |
28.9% |
418,000 |
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Total Current Assets |
13,394,101 |
-7.8% |
14,523,199 |
49.8% |
9,698,000 |
|
|
|||||
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- Trade Creditors |
2,761,018 |
-34.3% |
4,204,574 |
5.0% |
4,003,000 |
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- Short Term Group Loans |
6,501,338 |
77.9% |
3,653,882 |
69.9% |
2,150,000 |
|
- Other Short Term Loans |
2,419,743 |
28.1% |
1,888,428 |
11.4% |
1,695,000 |
|
- Miscellaneous Current Liabilities |
-2,975,138 |
-1,649.6% |
192,000 |
109.5% |
-2,017,000 |
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Total Current Liabilities |
8,706,961 |
-12.4% |
9,938,884 |
70.4% |
5,831,000 |
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|||||
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
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- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
22,009 |
-71.0% |
75,768 |
5.2% |
72,000 |
|
Total Long Term Debts |
22,009 |
-71.0% |
75,768 |
5.2% |
72,000 |
|
|
|||||
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- Issued Share Capital |
2,000,000 |
0.0% |
2,000,000 |
0.0% |
2,000,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
2,831,857 |
6.0% |
2,672,119 |
37.3% |
1,946,000 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
4,831,857 |
3.4% |
4,672,119 |
18.4% |
3,946,000 |
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|
|||||
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Working Capital |
4,687,140 |
2.2% |
4,584,315 |
18.5% |
3,867,000 |
|
Net Worth |
4,786,680 |
3.4% |
4,630,879 |
18.1% |
3,922,000 |
Ratio Analysis
|
Trading Performance |
|||||
|
Pre-tax Profit Margin |
0.60 |
-85.2% |
4.05 |
3.6% |
3.91 |
|
Return On Capital Employed |
3.83 |
-82.5% |
21.87 |
4.2% |
20.98 |
|
Return On Total Assets Employed |
1.37 |
-80.6% |
7.07 |
-17.4% |
8.56 |
|
Return On Net Assets Employed |
3.97 |
-82.5% |
22.65 |
3.9% |
21.80 |
|
Sales / Net Working Capital |
6.64 |
18.6% |
5.60 |
0.4% |
5.58 |
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Operating Efficiency |
|||||
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Stock Turnover Ratio |
17.95 |
-52.9% |
38.09 |
72.4% |
22.09 |
|
Debtor Days |
54.51 |
-9.0% |
59.91 |
-12.8% |
68.71 |
|
Creditor Days |
33.27 |
-46.9% |
62.65 |
-13.4% |
72.36 |
|
Short Term Stability |
|||||
|
Current Ratio |
1.54 |
5.5% |
1.46 |
-12.0% |
1.66 |
|
Liquidity Ratio / Acid Ratio |
0.90 |
87.5% |
0.48 |
-43.5% |
0.85 |
|
Current Debt Ratio |
1.80 |
-15.5% |
2.13 |
43.9% |
1.48 |
|
Long Term Stability |
|||||
|
Gearing |
184.63 |
55.6% |
118.63 |
21.7% |
97.44 |
|
Equity In Percentage |
0.36 |
12.5% |
0.32 |
-20.0% |
0.40 |
|
Total Debt Ratio |
1.85 |
55.5% |
1.19 |
22.7% |
0.97 |
|
Industry
Comparison |
|
|
Activity Code |
46349 |
|
Activity Description |
Wholesale of beverages, general assortment |
|
Industry Average Credit Rating |
56.84 |
|
Industry Average Credit Limit (€) |
29,455 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
33.27 |
|
Day Sales Outstanding |
54.51 |
|
Industry Comparison |
|
|
Activity Code |
4634 |
|
Activity Description |
Wholesale of beverages |
|
Industry Average Day Sales Outstanding |
76.68 |
|
Industry Average Payment Expectation Days |
77.22 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
22.77 |
|
Payment Expectations - Median |
46.76 |
|
Payment Expectations - Upper |
88.01 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
22.75 |
|
Day Sales Outstanding - Median |
49.84 |
|
Day Sales Outstanding - Upper |
89.51 |
Shareholders
|
Holding Company |
|
|
Company Name |
AGROJUICE LTD |
|
Business Number |
6400317 |
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Share Percentage |
0 |
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Annual Accounts Date |
01-12-2007 |
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Subsidary |
|
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Company Name |
|
|
Business Number |
6400218 |
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Share Percentage |
75 |
|
Annual Accounts Date |
01-12-2007 |
Court
Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
|
|
Business Number |
|
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Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
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Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
FullName |
JACQUES TRACHSEL |
|
Position |
Director |
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Address |
22 RUE LE CORBUSIER 1208 GENEVE |
|
Postal Code |
0 |
|
Country |
|
|
Company Director |
|
|
FullName |
ROLF FRICKER |
|
Position |
Managing director |
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Address |
22 RUE LE CORBUSIER 1208 GENEVE |
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Postal Code |
0 |
|
Country |
|
|
Company Director |
|
|
FullName |
WALTER DEGIACOMI |
|
Position |
Director |
|
Address |
16 CHEMIN DE LA FIN 1295 TANNAY |
|
Postal Code |
0 |
|
Country |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
|
1 |
Rs.74.42 |
|
Euro |
1 |
Rs.62.71 |
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%)