MIRA
INFORM REPORT
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Report Date : |
30.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
FIBRAL NV |
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Registered Office : |
Industrielaan 34 8520 Kuurne |
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Country : |
Belgium |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
22.04.1977 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The Import and Export of
and Distribution of Raw Materials for Textiles. |
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 5 days beyond terms |
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Litigation : |
Clear |
name & address
Fibral NV
Industrielaan 34
8520 KUURNE
Tel.:+32
(0)56-354212
Fax.:+32
(0)56-354285
Legal
status
Private limited company
Founded
22/04/1977 as BVBA
Trade
register
99108611
Capital
Nominal EUR 64.000,--
Issued and paid up EUR 64.000,--
Management
Stéphanie Defrancq, Bohemenberg 14, 8500
Kortrijk
Francoise Van Driessche, Jacob Jordaensstraat
19, 8510 Marke
Chairman BoD Ludovic Defrancq, Jacob Jordaensstraat 19, 8510 Marke
Activity
The import and
export of and distribution of raw materials for textiles.
Staff
3 [incl. management]
Turnover
Net turnover:
2007 Euro 4.287.689
2006 Euro 4.466.240
2005 Euro 4.726.208
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 33.527
2006 Euro 9.530
2005 Euro 10.155
The
shareholders equity was as of:
30/6/2007 Euro 1.050.482
30/6/2006 Euro 1.016.955
30/6/2005 Euro 1.007.426
The working
capital was as of:
30/6/2007 Euro 1.911.817
30/6/2006 Euro 1.867.720
30/6/2005 Euro 1.845.807
Import : Germany,
Bulgaria and other EU countries
Export :
worldwide
Website : www.fibral.be
Banks
Fortis Bank, 285-0502463-86
VAT-nr.
BE417108611
Mode
of payment
On average 5 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 :
Fibral NV
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Intangible assets 0 0
Tangible assets 40.511 50.807
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 40.511 50.807
Stock 1.739.554 1.423.169
Receivables 774.775 904.912
Shares 0 0
Liquid assets 95.365 23.859
Miscellaneous current assets 15.378 18.602
Total current assets 2.625.072 2.370.542
Shareholders
equity 1.016.955 1.050.482
Provisions 165.704 176.655
Long-term liabilities 725.000 725.000
Current liabilities 757.352 458.725
Minority interests 0 0
Miscellaneous
liabilities 572 10.487
Total liabilities 2.665.583 2.421.349
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---30-06-2006--- ------30-06-2007---
Turnover 4.466.240 4.287.689
Other income 0 0
Total expenses 4.420.620 4.195.830
Operating profit 45.620 91.859
Balance financial P/L -25.118 -53.203
Net profit/loss 1] 20.502 38.656
Taxation 10.972 5.129
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 9.530 33.527
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 9.530 33.527
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2006----- -----2007-----
EQUITY %
Equity gearing 38,2 43,4
Equity/outside
capital 61,7 76,6
LIQUIDITY
Current ratio 3,5 5,2
Acid test 1,2 2,1
RATES OF RETURN %
Total assets 0,8 1,6
Shareholders equity 2 3,7
Pre tax
margin % 0,5 0,9
Turnover rate 167,6 177,1
(x
1) (x 1)
-------------------- --------------------
Working capital 1.867.720 1.911.817
Shareholders equity + Equalization acc. 1.016.955 1.050.482
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.94 |
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UK Pound |
1 |
Rs.85.57 |
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Euro |
1 |
Rs.67.79 |
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%)