MIRA INFORM REPORT
|
Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZINGAMETALL BVBA |
|
|
|
|
Registered Office : |
4, Rozenstraat, Nazareth |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
16.07.1981 |
|
|
|
|
Com. Reg. No.: |
421689088 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastic |
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 |
|
Maximum Credit Limit : |
(€) 120,000 |
|
Status : |
Satisfactory |
|
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) |
|
Belgium |
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 details |
|
|
Company Number |
421689088 |
|
Name |
|
|
Address |
4, ROZENSTRAAT, NAZARETH |
|
Post Code |
|
|
Telephone Number |
093856881 |
|
Fax Number |
093855869 |
|
Establishment Date |
16-07-1981 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
9 |
|
Activity Description |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastics |
|
Activity Code |
20300 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
82280 |
|
Event Description |
Allocation of powers of attorney |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
120,000 |
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
336,099 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
Industry Comparison |
|
|
Activity Code |
2030 |
|
Activity Description |
Manufacture of paints, varnishes and similar coatings, printing ink a
mastics |
|
Industry Average Day Sales Outstanding |
87 |
|
Industry Average Payment Expectation Days |
54.20 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
51.22 |
|
Payment Expectations - Median |
75.31 |
|
Payment Expectations - Upper |
96.86 |
|
|
|
|
Day Sales Outstanding - Lower |
26.08 |
|
Day Sales Outstanding - Median |
48.39 |
|
Day Sales Outstanding - Upper |
71.06 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
420438679 |
|
Company Name |
ACTO NV |
|
Address |
ROZENSTRAAT 4 IND PARK, NAZARETH |
|
Postal Code |
9810 |
|
Country |
|
|
Share Percentage |
99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
420,763 |
21,016 |
-30,770 |
|
Total Financial Income |
27,385 |
16,335 |
52,903 |
|
Total Financial Expenses |
27,434 |
13,788 |
17,057 |
|
Results on Ordinary Operations Before Tax |
420,714 |
23,563 |
5,076 |
|
Taxation |
128,355 |
1,860 |
1,860 |
|
Results on Ordinary Operations After Tax |
292,359 |
21,703 |
3,216 |
|
Extraordinary Items |
1,000 |
0 |
0 |
|
Net Result |
293,359 |
21,703 |
3,216 |
|
Other Information |
|||
|
Dividends |
7,440 |
5,580 |
5,580 |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
551,359 |
545,049 |
496,425 |
|
- Wages & Salaries |
408,717 |
405,393 |
377,609 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
129,185 |
121,723 |
116,557 |
|
- Other Employee Costs |
13,457 |
17,933 |
2,259 |
|
Amortization & Depreciation |
27,942 |
52,244 |
48,945 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
32,178 |
29,844 |
22,434 |
|
Tangible Fixed Assets |
69,747 |
87,948 |
128,542 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
47,345 |
59,774 |
74,090 |
|
- Other Tangible Assets |
22,402 |
28,174 |
54,452 |
|
Financial Fixed Assets |
300,032 |
293,637 |
295,094 |
|
Total Fixed Assets |
401,957 |
411,429 |
446,070 |
|
Inventories |
88,626 |
128,249 |
129,520 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
88,626 |
128,249 |
129,520 |
|
Trade Debtors |
561,783 |
425,479 |
452,205 |
|
Cash |
192,344 |
32,358 |
96,823 |
|
- Miscellaneous Current Assets |
522,570 |
412,507 |
275,226 |
|
Total Current Assets |
1,606,159 |
1,144,933 |
1,067,346 |
|
Current Liabilities |
|||
|
- Trade Creditors |
264,583 |
131,216 |
110,884 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
0 |
0 |
0 |
|
- Miscellaneous Current Liabilities |
69,700 |
62,978 |
56,485 |
|
Total Current Liabilities |
334,283 |
194,194 |
167,369 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
25,745 |
0 |
0 |
|
Total Long Term Debts |
25,745 |
0 |
0 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
93,000 |
93,000 |
93,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,555,088 |
1,269,169 |
1,253,046 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,648,088 |
1,362,169 |
1,346,046 |
|
|
|||
|
Working Capital |
1,271,876 |
950,739 |
899,977 |
|
Net Worth |
1,615,910 |
1,332,325 |
1,323,612 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
25.13 |
1.73 |
0.38 |
|
Return On Total Assets Employed |
20.95 |
1.51 |
0.34 |
|
Return On Net Assets Employed |
33.08 |
2.48 |
0.56 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
4.80 |
5.90 |
6.38 |
|
Liquidity Ratio / Acid Ratio |
4.54 |
5.24 |
5.60 |
|
Current Debt Ratio |
0.20 |
0.14 |
0.12 |
|
Long Term Stability |
|||
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
0.83 |
0.89 |
0.90 |
|
Total Debt Ratio |
0 |
0 |
0 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
PATRICK DANIEL MARIE WILLEMOT |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
35 POLDERDREEF DE PINTE |
|
Country |
-- |
|
Postal Code |
9840 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
VERA CLEMENT |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
35 POLDERDREEF DE PINTE |
|
Country |
-- |
|
Postal Code |
9840 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.74.14 |
|
Euro |
1 |
Rs.65.78 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
MIRA INFORM REPORT
|
Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZINGAMETALL BVBA |
|
|
|
|
Registered Office : |
4, Rozenstraat, Nazareth |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
16.07.1981 |
|
|
|
|
Com. Reg. No.: |
421689088 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastic |
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 |
|
Maximum Credit Limit : |
(€) 120,000 |
|
Status : |
Satisfactory |
|
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) |
|
Belgium |
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 details |
|
|
Company Number |
421689088 |
|
Name |
ZINGAMETALL BVBA |
|
Address |
4, ROZENSTRAAT, NAZARETH |
|
Post Code |
|
|
Telephone Number |
093856881 |
|
Fax Number |
093855869 |
|
Establishment Date |
16-07-1981 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
9 |
|
Activity Description |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastics |
|
Activity Code |
20300 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
82280 |
|
Event Description |
Allocation of powers of attorney |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
120,000 |
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
336,099 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
Industry Comparison |
|
|
Activity Code |
2030 |
|
Activity Description |
Manufacture of paints, varnishes and similar coatings, printing ink a
mastics |
|
Industry Average Day Sales Outstanding |
87 |
|
Industry Average Payment Expectation Days |
54.20 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
51.22 |
|
Payment Expectations - Median |
75.31 |
|
Payment Expectations - Upper |
96.86 |
|
|
|
|
Day Sales Outstanding - Lower |
26.08 |
|
Day Sales Outstanding - Median |
48.39 |
|
Day Sales Outstanding - Upper |
71.06 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
420438679 |
|
Company Name |
ACTO NV |
|
Address |
ROZENSTRAAT 4 IND PARK, NAZARETH |
|
Postal Code |
9810 |
|
Country |
|
|
Share Percentage |
99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
420,763 |
21,016 |
-30,770 |
|
Total Financial Income |
27,385 |
16,335 |
52,903 |
|
Total Financial Expenses |
27,434 |
13,788 |
17,057 |
|
Results on Ordinary Operations Before Tax |
420,714 |
23,563 |
5,076 |
|
Taxation |
128,355 |
1,860 |
1,860 |
|
Results on Ordinary Operations After Tax |
292,359 |
21,703 |
3,216 |
|
Extraordinary Items |
1,000 |
0 |
0 |
|
Net Result |
293,359 |
21,703 |
3,216 |
|
Other Information |
|||
|
Dividends |
7,440 |
5,580 |
5,580 |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
551,359 |
545,049 |
496,425 |
|
- Wages & Salaries |
408,717 |
405,393 |
377,609 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
129,185 |
121,723 |
116,557 |
|
- Other Employee Costs |
13,457 |
17,933 |
2,259 |
|
Amortization & Depreciation |
27,942 |
52,244 |
48,945 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
32,178 |
29,844 |
22,434 |
|
Tangible Fixed Assets |
69,747 |
87,948 |
128,542 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
47,345 |
59,774 |
74,090 |
|
- Other Tangible Assets |
22,402 |
28,174 |
54,452 |
|
Financial Fixed Assets |
300,032 |
293,637 |
295,094 |
|
Total Fixed Assets |
401,957 |
411,429 |
446,070 |
|
Inventories |
88,626 |
128,249 |
129,520 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
88,626 |
128,249 |
129,520 |
|
Trade Debtors |
561,783 |
425,479 |
452,205 |
|
Cash |
192,344 |
32,358 |
96,823 |
|
- Miscellaneous Current Assets |
522,570 |
412,507 |
275,226 |
|
Total Current Assets |
1,606,159 |
1,144,933 |
1,067,346 |
|
Current Liabilities |
|||
|
- Trade Creditors |
264,583 |
131,216 |
110,884 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
0 |
0 |
0 |
|
- Miscellaneous Current Liabilities |
69,700 |
62,978 |
56,485 |
|
Total Current Liabilities |
334,283 |
194,194 |
167,369 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
25,745 |
0 |
0 |
|
Total Long Term Debts |
25,745 |
0 |
0 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
93,000 |
93,000 |
93,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,555,088 |
1,269,169 |
1,253,046 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,648,088 |
1,362,169 |
1,346,046 |
|
|
|||
|
Working Capital |
1,271,876 |
950,739 |
899,977 |
|
Net Worth |
1,615,910 |
1,332,325 |
1,323,612 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
25.13 |
1.73 |
0.38 |
|
Return On Total Assets Employed |
20.95 |
1.51 |
0.34 |
|
Return On Net Assets Employed |
33.08 |
2.48 |
0.56 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
4.80 |
5.90 |
6.38 |
|
Liquidity Ratio / Acid Ratio |
4.54 |
5.24 |
5.60 |
|
Current Debt Ratio |
0.20 |
0.14 |
0.12 |
|
Long Term Stability |
|||
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
0.83 |
0.89 |
0.90 |
|
Total Debt Ratio |
0 |
0 |
0 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
PATRICK DANIEL MARIE WILLEMOT |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
35 POLDERDREEF DE PINTE |
|
Country |
-- |
|
Postal Code |
9840 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
VERA CLEMENT |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
35 POLDERDREEF DE PINTE |
|
Country |
-- |
|
Postal Code |
9840 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.74.14 |
|
Euro |
1 |
Rs.65.78 |
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 |
|
---- |
NB |
New Business |
---- |
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%)