MIRA INFORM
REPORT
|
Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
CARODEL NV |
|
|
|
|
Registered Office : |
Klein Frankrijk 47 Ronse 9600 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
06.08.1986 |
|
|
|
|
Com. Reg. No.: |
429184022 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of household textiles and bedding |
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 : |
€ 350,000 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 |
CARODEL NV |
|
Business Number |
429184022 |
|
Address |
KLEIN FRANKRIJK 47 RONSE |
|
Post Code |
9600 |
|
Telephone |
055230160 |
|
Fax Number |
055230189 |
|
Date of Establishment |
06/08/1986 |
|
Number of Employees |
31 |
|
Credit Information Summary |
|
|
Credit Limit (€) |
350,000 |
|
Purchase Limit (€) |
4,200,000 |
|
Date of Deposit at Registry |
21/06/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
16,978,222 |
|
Results of Ordinary Operations Before Tax |
-248,917 |
|
Networth |
3,735,548 |
|
Past Payments |
|
|
Payment Expectation Days |
10.47 |
|
Days Sales Outstanding |
34.32 |
|
Industry Average Payment Expectation Days |
72.66 |
|
Industry Average Day Sales Outstanding |
87.07 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company details |
|
|
Business Number |
429184022 |
|
Name |
CARODEL NV |
|
Fax Number |
055230189 |
|
Establishment Date |
06/08/1986 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of household textiles and bedding |
|
Activity Code |
46412 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
INDUSTRIEZONE ZN |
|
House Number |
0 |
|
City |
RONSE |
|
Postal Code |
9600 |
|
Trade Registered Number |
30863 |
|
Trade Registered Entry Date |
01/07/1986 |
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|
|
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
115744 |
|
Event Description |
Appointment commissioner |
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|
|
Accounts
& Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
16,978,222 |
9.6% |
15,486,117 |
-6.4% |
16,537,291 |
|
Total Operating Expenses |
16,834,613 |
13.2% |
14,876,010 |
-6.0% |
15,822,430 |
|
Operating Result |
143,609 |
-76.5% |
610,107 |
-14.7% |
714,861 |
|
Total Financial Income |
7,025 |
-93.1% |
102,481 |
-71.0% |
353,963 |
|
Total Financial Expenses |
387,158 |
-2.3% |
396,465 |
-14.6% |
464,034 |
|
Results on Ordinary Operations Before Tax |
-236,524 |
-174.8% |
316,124 |
-47.7% |
604,790 |
|
Taxation |
12,393 |
-85.9% |
87,827 |
-27.0% |
120,287 |
|
Results on Ordinary Operations After Tax |
-248,917 |
-209.0% |
228,297 |
-52.9% |
484,503 |
|
Extraordinary Items |
-32,332 |
-660.4% |
5,769 |
244.2% |
-4,000 |
|
Net Result |
-256,449 |
-198.0% |
261,622 |
-48.8% |
511,122 |
|
Other Information |
|||||
|
Dividends |
1,100,475 |
0.0% |
1,100,475 |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
1,820,564 |
7.0% |
1,701,650 |
5.0% |
1,620,145 |
|
- Wages & Salaries |
1,351,068 |
4.5% |
1,293,132 |
6.8% |
1,210,290 |
|
- Social Security Contributions |
378,704 |
9.2% |
346,686 |
-1.3% |
351,336 |
|
- Other Employee Costs |
90,792 |
46.8% |
61,832 |
5.7% |
58,519 |
|
Amortization & Depreciation |
326,426 |
-3.7% |
338,979 |
-14.9% |
398,198 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
13,421 |
28.1% |
10,474 |
-24.9% |
13,938 |
|
Tangible Fixed Assets |
3,328,534 |
-6.6% |
3,561,884 |
-7.2% |
3,837,817 |
|
- Land And Buildings |
3,210,770 |
-6.4% |
3,429,428 |
-7.7% |
3,715,717 |
|
- Plant And Machinery |
10,871 |
-32.8% |
16,170 |
-29.7% |
23,005 |
|
- Other Tangible Assets |
106,893 |
-8.1% |
116,286 |
17.3% |
99,095 |
|
Financial Fixed Assets |
1,229,604 |
-0.5% |
1,236,225 |
-0.1% |
1,237,877 |
|
Total Fixed Assets |
4,571,559 |
-4.9% |
4,808,583 |
-5.5% |
5,089,632 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
2,038,688 |
-15.8% |
2,420,670 |
9.3% |
2,214,842 |
|
Trade Debtors |
1,596,245 |
-0.2% |
1,598,968 |
3.2% |
1,549,961 |
|
Cash |
1,321,274 |
2.5% |
1,289,645 |
231.4% |
389,146 |
|
- Miscellaneous Current Assets |
563,049 |
15.2% |
488,785 |
-83.0% |
2,867,340 |
|
Total Current Assets |
5,854,869 |
-4.8% |
6,148,806 |
-16.9% |
7,402,705 |
|
|
|||||
|
- Trade Creditors |
482,793 |
-9.0% |
530,399 |
-33.1% |
792,738 |
|
- Short Term Group Loans |
1,945,641 |
235.2% |
580,453 |
-62.8% |
1,559,511 |
|
- Other Short Term Loans |
1,621,440 |
9.8% |
1,477,216 |
-62.7% |
3,960,970 |
|
- Miscellaneous Current Liabilities |
132,502 |
-40.8% |
223,765 |
107.0% |
-3,206,013 |
|
Total Current Liabilities |
4,182,376 |
48.7% |
2,811,833 |
-9.5% |
3,107,206 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
2,173,770 |
-18.3% |
2,659,490 |
-16.2% |
3,173,098 |
|
- Other Long Term Liabilities |
321,313 |
-15.5% |
380,172 |
42.2% |
267,287 |
|
Total Long Term Debts |
2,495,083 |
-17.9% |
3,039,662 |
-11.6% |
3,440,385 |
|
|
|||||
|
- Issued Share Capital |
62,000 |
0.0% |
62,000 |
0.0% |
62,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
3,686,969 |
-26.9% |
5,043,893 |
-14.3% |
5,882,746 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
3,748,969 |
-26.6% |
5,105,893 |
-14.1% |
5,944,746 |
|
|
|||||
|
Working Capital |
1,672,493 |
-49.9% |
3,336,973 |
-22.3% |
4,295,499 |
|
Net Worth |
3,735,548 |
-26.7% |
5,095,419 |
-14.1% |
5,930,808 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
-1.39 |
-168.1% |
2.04 |
-44.3% |
3.66 |
|
|
Return On Capital Employed |
-3.79 |
-197.7% |
3.88 |
-39.8% |
6.44 |
|
|
Return On Total Assets Employed |
-2.27 |
-178.5% |
2.89 |
-40.3% |
4.84 |
|
|
Return On Net Assets Employed |
-14.14 |
-249.3% |
9.47 |
-32.7% |
14.08 |
|
|
Sales / Net Working Capital |
10.15 |
118.8% |
4.64 |
20.5% |
3.85 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
12.01 |
-23.2% |
15.63 |
16.7% |
13.39 |
|
|
Debtor Days |
34.32 |
-8.9% |
37.69 |
10.2% |
34.21 |
|
|
Creditor Days |
10.47 |
-19.5% |
13.01 |
-28.9% |
18.29 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.40 |
-36.1% |
2.19 |
-8.0% |
2.38 |
|
|
Liquidity Ratio / Acid Ratio |
0.91 |
-31.6% |
1.33 |
-20.4% |
1.67 |
|
|
Current Debt Ratio |
1.12 |
103.6% |
0.55 |
5.8% |
0.52 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
153.13 |
65.7% |
92.39 |
-36.8% |
146.24 |
|
|
Equity In Percentage |
0.36 |
-23.4% |
0.47 |
-2.1% |
0.48 |
|
|
Total Debt Ratio |
1.53 |
66.3% |
0.92 |
-37.0% |
1.46 |
|
|
Industry Comparison |
|
|
Activity Code |
46412 |
|
Activity Description |
Wholesale of household textiles and bedding |
|
Industry Average Credit Rating |
56.76 |
|
Industry Average Credit Limit (€) |
21,299 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
10.47 |
|
Day Sales Outstanding |
34.32 |
|
Industry Comparison |
|
|
Activity Code |
4641 |
|
Activity Description |
Wholesale of textiles |
|
Industry Average Day Sales Outstanding |
87.07 |
|
Industry Average Payment Expectation Days |
72.66 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
14.95 |
|
Payment Expectations - Median |
53.32 |
|
Payment Expectations - Upper |
110.83 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
16.91 |
|
Day Sales Outstanding - Median |
39.26 |
|
Day Sales Outstanding - Upper |
88.05 |
Shareholders
|
Holding Company |
|
|
Company Name |
WIVANLA COMA |
|
Business Number |
472903803 |
|
Share Percentage |
90 |
|
Annual Accounts Date |
01/12/2009 |
|
Holding Company |
|
|
Company Name |
FICABEL BVBA |
|
Business Number |
871202629 |
|
Share Percentage |
10 |
|
Annual Accounts Date |
01/09/2009 |
|
Subsidiary |
|
|
Company Name |
MUNCKBOS NV |
|
Business Number |
441212616 |
|
Share Percentage |
45.40 |
|
Annual Accounts Date |
01/12/2009 |
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 |
BERNARD EMIEL OMER VAN LANCKER |
|
Position |
Managing director |
|
Address |
10 MUNKBOSSTRAAT ZOTTEGEM |
|
Postal Code |
9620 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
CATHERINE DE BANDT |
|
Position |
Director |
|
Address |
10 MUNKBOSSTRAAT ZOTTEGEM |
|
Postal Code |
9620 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
FICABEL BVBA |
|
Position |
Director |
|
Address |
16 JULES BAERTSTRAAT |
|
Postal Code |
8510 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.11 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.61.70 |
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 Company |
---- |
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.