MIRA INFORM REPORT
|
Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUPREMO NV |
|
|
|
|
Registered Office : |
Oosterlingenplein 4 Brugge Post Code 8000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.04.2010 |
|
|
|
|
Date of Incorporation : |
16.01.1989 |
|
|
|
|
Com. Reg. No.: |
436434078 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of coffee, tea, cocoa and spices |
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 : |
(€) 505,000 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Summary |
|
|
Business Name |
SUPREMO NV |
|
Business Number |
436434078 |
|
Address |
OOSTERLINGENPLEIN 4 BRUGGE |
|
Post Code |
8000 |
|
Telephone |
050442066 |
|
Fax Number |
050442061 |
|
Date of Establishment |
16/01/1989 |
|
Number of Employees |
11 |
|
Credit Information Summary |
|
|
Credit Limit (€) |
505,000 |
|
Purchase Limit (€) |
10,800,000 |
|
Date of Deposit at Registry |
20/07/2010 |
|
Date of Last Accounts |
30/04/2010 |
|
Turnover |
43,171,430 |
|
Results of Ordinary Operations Before Tax |
1,209,434 |
|
Networth |
2,989,778 |
|
Past Payments |
|
|
Payment Expectation Days |
1.17 |
|
Days Sales Outstanding |
27.63 |
|
Industry Average Payment Expectation Days |
65.13 |
|
Industry Average Day Sales Outstanding |
55.95 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company details |
|
|
Business Number |
436434078 |
|
Name |
SUPREMO NV |
|
Fax Number |
050442061 |
|
Establishment Date |
16/01/1989 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of coffee, tea, cocoa and spices |
|
Activity Code |
46370 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
LIEVEN BAUWENSSTRAAT |
|
House Number |
20 |
|
City |
BRUGGE |
|
Postal Code |
8200 |
|
Trade Registered Number |
68612 |
|
Trade Registered Entry Date |
01/03/1989 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
39123 |
|
Event Description |
Withdrawal of powers of attorney |
Accounts &
Ratio
|
Period |
|||||
|
Accounts End Date |
30/04/2010 |
% |
30/04/2009 |
% |
30/04/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
43,171,430 |
-12.3% |
49,215,231 |
38.3% |
35,589,129 |
|
Total Operating Expenses |
40,875,990 |
-13.9% |
47,482,373 |
36.2% |
34,861,550 |
|
Operating Result |
2,295,440 |
32.5% |
1,732,858 |
138.2% |
727,579 |
|
Total Financial Income |
11,051 |
17.2% |
9,428 |
-63.8% |
26,054 |
|
Total Financial Expenses |
519,403 |
3.1% |
503,553 |
-3.2% |
520,190 |
|
Results on Ordinary Operations Before Tax |
1,787,089 |
44.3% |
1,238,733 |
430.6% |
233,443 |
|
Taxation |
577,655 |
42.5% |
405,318 |
573.2% |
60,212 |
|
Results on Ordinary Operations After Tax |
1,209,434 |
45.1% |
833,415 |
381.1% |
173,231 |
|
Extraordinary Items |
0 |
-100.0% |
8,345 |
8.8% |
7,670 |
|
Net Result |
1,210,708 |
43.6% |
843,078 |
362.7% |
182,219 |
|
Other Information |
|||||
|
Dividends |
800,000 |
33.3% |
600,000 |
500.0% |
100,000 |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
922,602 |
6.8% |
864,201 |
24.7% |
692,948 |
|
- Wages & Salaries |
675,343 |
6.2% |
635,918 |
24.4% |
511,188 |
|
- Social Security Contributions |
186,653 |
1.8% |
183,397 |
29.3% |
141,868 |
|
- Other Employee Costs |
60,606 |
35.0% |
44,886 |
12.5% |
39,892 |
|
Amortization & Depreciation |
50,732 |
1.7% |
49,890 |
22.7% |
40,659 |
|
Balance Sheet |
|||||
|
Accounts End Date |
30/04/2010 |
% |
30/04/2009 |
% |
30/04/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
-100.0% |
325 |
-73.7% |
1,237 |
|
Tangible Fixed Assets |
515,432 |
-2.9% |
530,877 |
0.0% |
530,950 |
|
- Land And Buildings |
452,841 |
-4.6% |
474,603 |
0.1% |
474,197 |
|
- Plant And Machinery |
17,727 |
6,490.0% |
269 |
-63.1% |
729 |
|
- Other Tangible Assets |
44,864 |
-19.9% |
56,005 |
0.0% |
56,024 |
|
Financial Fixed Assets |
59,673 |
-25.9% |
80,506 |
8.3% |
74,350 |
|
Total Fixed Assets |
575,105 |
-6.0% |
611,708 |
0.9% |
606,537 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
7,327,885 |
-16.3% |
8,751,677 |
34.2% |
6,523,671 |
|
Trade Debtors |
3,268,606 |
14.6% |
2,851,742 |
22.3% |
2,332,160 |
|
Cash |
126,825 |
-74.8% |
502,385 |
9.7% |
457,964 |
|
- Miscellaneous Current Assets |
120,856 |
-17.0% |
145,659 |
54.2% |
94,435 |
|
Total Current Assets |
10,990,515 |
-13.6% |
12,723,169 |
24.9% |
10,190,719 |
|
|
|||||
|
- Trade Creditors |
130,615 |
-71.4% |
457,264 |
404.9% |
90,571 |
|
- Short Term Group Loans |
12,334 |
748.3% |
1,454 |
- |
0 |
|
- Other Short Term Loans |
5,478,890 |
-31.9% |
8,042,618 |
18.5% |
6,785,009 |
|
- Miscellaneous Current Liabilities |
1,115,966 |
45.0% |
769,386 |
216.2% |
243,339 |
|
Total Current Liabilities |
6,737,805 |
-27.3% |
9,270,722 |
30.2% |
7,118,919 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
1,314,307 |
-0.3% |
1,318,267 |
17.1% |
1,126,126 |
|
- Other Long Term Liabilities |
523,730 |
216.3% |
165,580 |
-22.5% |
213,702 |
|
Total Long Term Debts |
1,838,037 |
23.9% |
1,483,847 |
10.7% |
1,339,828 |
|
|
|||||
|
- Issued Share Capital |
250,000 |
0.0% |
250,000 |
0.0% |
250,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
2,739,778 |
17.6% |
2,330,307 |
11.6% |
2,088,509 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
2,989,778 |
15.9% |
2,580,307 |
10.3% |
2,338,509 |
|
|
|||||
|
Working Capital |
4,252,710 |
23.2% |
3,452,447 |
12.4% |
3,071,800 |
|
Net Worth |
2,989,778 |
15.9% |
2,579,982 |
10.4% |
2,337,272 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
4.14 |
64.3% |
2.52 |
281.8% |
0.66 |
|
|
Return On Capital Employed |
37.02 |
21.5% |
30.48 |
380.0% |
6.35 |
|
|
Return On Total Assets Employed |
15.45 |
66.3% |
9.29 |
330.1% |
2.16 |
|
|
Return On Net Assets Employed |
42.02 |
17.1% |
35.88 |
372.1% |
7.60 |
|
|
Sales / Net Working Capital |
10.15 |
-28.8% |
14.26 |
23.0% |
11.59 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
16.97 |
-4.6% |
17.78 |
-3.0% |
18.33 |
|
|
Debtor Days |
27.63 |
30.6% |
21.15 |
-11.6% |
23.92 |
|
|
Creditor Days |
1.17 |
-66.8% |
3.52 |
270.5% |
0.95 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.63 |
19.0% |
1.37 |
-4.2% |
1.43 |
|
|
Liquidity Ratio / Acid Ratio |
0.54 |
25.6% |
0.43 |
-17.3% |
0.52 |
|
|
Current Debt Ratio |
2.25 |
-37.3% |
3.59 |
18.1% |
3.04 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
227.63 |
-37.3% |
362.84 |
7.3% |
338.30 |
|
|
Equity In Percentage |
0.26 |
36.8% |
0.19 |
-13.6% |
0.22 |
|
|
Total Debt Ratio |
2.28 |
-37.2% |
3.63 |
7.4% |
3.38 |
|
|
Industry Comparison |
|
|
Activity Code |
46370 |
|
Activity Description |
Wholesale of coffee, tea, cocoa and spices |
|
Industry Average Credit Limit (€) |
34,144 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
1.17 |
|
Day Sales Outstanding |
27.63 |
|
Industry Comparison |
|
|
Activity Code |
4637 |
|
Activity Description |
Wholesale of coffee, tea, cocoa and spices |
|
Industry Average Day Sales Outstanding |
55.95 |
|
Industry Average Payment Expectation Days |
65.13 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
27.63 |
|
Payment Expectations - Median |
42.30 |
|
Payment Expectations - Upper |
66.57 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
22.52 |
|
Day Sales Outstanding - Median |
45.47 |
|
Day Sales Outstanding - Upper |
67.96 |
Shareholders
|
Holding Company |
|
|
Company Name |
TENOR CVBA |
|
Business Number |
435549497 |
|
Share Percentage |
97.55 |
|
Annual Accounts Date |
01/04/2010 |
|
Subsidiary |
|
|
Company Name |
ALTIMO |
|
Business Number |
16907593 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
ALTIMO SA |
|
Business Number |
16907494 |
|
Share Percentage |
99.70 |
|
Annual Accounts Date |
01/04/2010 |
Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
Full Name |
REGINALD THIBAUT DE MAISIERES |
|
Position |
Director |
|
Address |
32 AVENUE ISIDORE GERARD AUDERGHEM |
|
Postal Code |
1160 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
TENOR |
|
Position |
Managing director |
|
Address |
831 ZEEDIJK-HET ZOUTE KNOKKE-HEIST |
|
Postal Code |
8300 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
PIA DE BAETS BVBA |
|
Position |
Director |
|
Address |
|
|
Postal Code |
8310 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.