MIRA INFORM REPORT

 

 

 

Report Date :

12.09.2008

 

IDENTIFICATION DETAILS

 

Name :

CNUD-EFCO INTERNATIONAL NV

 

 

Registered Office :

Humaniteitslaan 116 1070   Brussel

 

 

Country :

Belgium

 

 

Date of Incorporation :

05.06.2007

 

 

Legal Form :

NV Public Limited Company

 

 

Line of Business :

The trade in any kind, including also design, manufacture, representation, import, export, brokerage, agency, commission and consignment trade in products of any kind, especially all kinds of metal structures, machines and other special procedures and parts for machine construction for the glass and metal industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

New Company

 

 

Payment Behaviour :

Average 5 days beyond terms

 

 

Litigation :

Clear

 


name & address

 

Cnud-Efco International NV

Humaniteitslaan 116

1070   BRUSSEL

Tel.:+32 (0)2-5290200

 

 

Legal status  

 

NV Public limited company [nat. law]

 

 

Founded

 

05/06/2007 as P.l.c.

 

 

Trade register   

 

89986183

 

 

Capital 

 

Nominal                               EUR                                    112.000,--

Issued and paid up               EUR                                    112.000,--

 

 

Management   

 

Claudio Lischetti, born 10/05/1944,  276,  MONTIGNY-LE-TILLEUL

NV Eurovlas, Seyntexlaan 3, 8700 Tielt.

BVBA J Peas, Seyntexlaan 3, 8700 Tielt.

NV BMT, Kortrijksesteenweg 1097-B, 9051 Sint-Denijs-Westrem.

 

 

Activity

 

The trade in any kind, including also design, manufacture, representation, import, export, brokerage, agency, commission and consignment trade in products of any kind, especially all kinds of metal structures, machines and other special procedures and parts for machine construction for the glass and metal industry.

                                          

 

Staff

 

4 Not known

 

 

Real estate    

 

The business premises at the mentioned address has been rented by the company, as far as we know.

 

 

Finances    

 

The course of business and financial affairs are satisfactory. Average stocks are held.

The liquid assets have remained adequate to date.

                                          

 

Remarks

 

Style as suggested by you is not entirely correct.

 

General website : http://www.efco.co.uk/

 

 

Banks    

 

Fortis Bank

 

 

VAT-nr.  

 

BE889986183

 

 

Mode of payment

 

On average 5 days beyond terms.

 

 

Credit demand

 

No objections against entering into a business relationship.

                                          

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.77

UK Pound

1

Rs.80.67

Euro

1

Rs.64.20

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions