MIRA INFORM
REPORT
|
Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
ERVE BUYING NV |
|
|
|
|
Registered Office : |
41, WEIVELDLAAN, ZAVENTEM |
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Country : |
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|
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
14.06.2006 |
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|
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Com. Reg. No.: |
881901036 |
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Legal Form : |
Limited company |
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|
|
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Line of Business : |
Wholesale of Wearing Apparel, Except Work and Underwear |
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 : |
(€) 375,000 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
|
company details |
|
|
Company Number |
881901036 |
|
Name |
ERVE BUYING NV |
|
Address |
41, WEIVELDLAAN, ZAVENTEM |
|
Post Code |
|
|
Telephone Number |
027255555 |
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Fax Number |
-- |
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Establishment Date |
14-06-2006 |
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Company Status |
ACTIVE |
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Company Type |
Limited company |
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Number of Employees |
4 |
|
Activity Description |
Wholesale of wearing apparel, except work and underwear |
|
Activity Code |
46423 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
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House Number |
|
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City |
-- |
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Postal Code |
|
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Trade Registered Number |
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Trade Registered Entry Date |
-- |
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Contractor Details |
|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
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Serial Number |
163732 |
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Event Description |
Dismissal |
Limit
|
|
|
Credit
Limit (€) |
375,000 |
|
Purchase
Limit (€) |
1,400,000 |
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Industry Comparison |
|
|
Industry
Average Credit Limit (€) |
14,496 |
|
Payment
Expectations |
|
|
Payment Expectations |
|
|
Payment
Expectation Days |
25.65 |
|
Day
Sales Outstanding |
26.71 |
|
Industry Comparison |
|
|
Activity
Code |
4642 |
|
Activity
Description |
Wholesale of clothing and
footwear |
|
Industry
Average Day Sales Outstanding |
73.17 |
|
Industry
Average Payment Expectation Days |
78.70 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
9.99 |
|
Payment
Expectations - Median |
38.81 |
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Payment
Expectations - Upper |
92.29 |
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|
|
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Day
Sales Outstanding - Lower |
14.38 |
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Day
Sales Outstanding - Median |
40.30 |
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Day
Sales Outstanding - Upper |
95.62 |
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Company
Shareholder Holding |
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Shareholder Detail |
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Company Number |
878825839 |
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Company Name |
STABILITAS PS |
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Address |
ARBORETUMLAAN 41, TERVUREN |
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Postal Code |
3080 |
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Country |
|
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Share Percentage |
|
|
Annual Accounts Date |
-- |
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Shareholder Detail |
|
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Company Number |
460719910 |
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Company Name |
TOMAHAWK NV |
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Address |
ARTHUR VAN DYCKLAAN 35 A, TERVUREN |
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Postal Code |
3080 |
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Country |
|
|
Share Percentage |
20 |
|
Annual Accounts Date |
01-06-2010 |
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Shareholder Detail |
|
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Company Number |
440795120 |
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Company Name |
VAN DER ERVE NV |
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Address |
WEIVELDLAAN 41/21, ZAVENTEM |
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Postal Code |
1930 |
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Country |
|
|
Share Percentage |
99 |
|
Annual Accounts Date |
01-06-2010 |
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Shareholder Detail |
|
|
Company Number |
17853443 |
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Company Name |
BECONNECTEC HONG KONG LIMITED |
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Address |
|
|
Postal Code |
0 |
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Country |
|
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Share Percentage |
80 |
|
Annual Accounts Date |
01-06-2010 |
Company Accounts
|
|||
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Period |
|||
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Accounts End Date |
30-06-2010 |
30-06-2009 |
30-06-2008 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
9,209,919 |
9,703,872 |
11,925,779 |
|
Total Operating Expenses |
9,046,218 |
9,233,997 |
11,319,874 |
|
Operating Result |
163,701 |
469,875 |
605,905 |
|
Total Financial Income |
2,508,315 |
2,030,023 |
3,779,621 |
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Total Financial Expenses |
784,175 |
1,013,894 |
1,360,014 |
|
Results on Ordinary Operations Before Tax |
1,021,179 |
705,863 |
1,337,662 |
|
Taxation |
160,026 |
96,857 |
48,845 |
|
Results on Ordinary Operations After Tax |
861,153 |
609,006 |
1,288,817 |
|
Extraordinary Items |
51,472 |
0 |
0 |
|
Net Result |
912,625 |
609,006 |
1,288,818 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
149,818 |
- |
- |
|
Employee Costs |
201,432 |
185,274 |
168,330 |
|
- Wages & Salaries |
149,034 |
126,154 |
126,356 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
35,296 |
28,507 |
28,345 |
|
- Other Employee Costs |
17,102 |
30,613 |
13,629 |
|
Amortization & Depreciation |
- |
3,315 |
6,630 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
0 |
0 |
3,315 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
0 |
0 |
0 |
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- Other Tangible Assets |
0 |
0 |
3,315 |
|
Financial Fixed Assets |
9,059,294 |
9,163,500 |
9,118,500 |
|
Total Fixed Assets |
9,059,294 |
9,163,500 |
9,121,815 |
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Inventories |
0 |
0 |
0 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
0 |
0 |
0 |
|
Trade Debtors |
673,882 |
395,869 |
771,825 |
|
Cash |
2,881,209 |
2,093,607 |
1,198,781 |
|
- Miscellaneous Current Assets |
24,975 |
0 |
44,600 |
|
Total Current Assets |
5,570,950 |
4,470,149 |
6,030,360 |
|
Current Liabilities |
|||
|
- Trade Creditors |
635,699 |
297,316 |
684,121 |
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- Short Term Group Loans |
3,947,366 |
3,953,958 |
3,952,232 |
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- Other Short Term Loans |
4,723,667 |
3,016,565 |
3,359,313 |
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- Miscellaneous Current Liabilities |
-4,893,815 |
-4,105,732 |
-3,508,017 |
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Total Current Liabilities |
4,412,917 |
3,162,107 |
4,487,649 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
3,925,000 |
3,925,000 |
3,925,000 |
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- Other Long Term Loans |
5,455,714 |
6,589,286 |
7,232,143 |
|
- Other Long Term Liabilities |
-3,792,606 |
-3,759,337 |
-3,600,206 |
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Total Long Term Debts |
5,588,108 |
6,754,949 |
7,556,937 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
200,000 |
200,000 |
200,000 |
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- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
4,429,219 |
3,516,594 |
2,907,588 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
4,629,219 |
3,716,594 |
3,107,588 |
|
|
|||
|
Working Capital |
1,158,033 |
1,308,042 |
1,542,711 |
|
Net Worth |
4,629,219 |
3,716,594 |
3,107,588 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
11.09 |
7.27 |
11.22 |
|
Return On Capital Employed |
9.99 |
6.74 |
12.54 |
|
Return On Total Assets Employed |
6.98 |
5.18 |
8.83 |
|
Return On Net Assets Employed |
88.18 |
53.96 |
86.71 |
|
Sales / Net Working Capital |
7.95 |
7.42 |
7.73 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
0 |
0 |
0 |
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Debtor Days |
26.71 |
14.89 |
23.62 |
|
Creditor Days |
25.65 |
11.75 |
22.06 |
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Short Term Stability |
|||
|
Current Ratio |
1.26 |
1.41 |
1.34 |
|
Liquidity Ratio / Acid Ratio |
1.26 |
1.41 |
1.34 |
|
Current Debt Ratio |
0.95 |
0.85 |
1.44 |
|
Long Term Stability |
|||
|
Gearing |
389.95 |
470.45 |
594.31 |
|
Equity In Percentage |
0.32 |
0.27 |
0.21 |
|
Total Debt Ratio |
3.90 |
4.70 |
5.94 |
Company Court Data
|
|
|
Protested Bills |
|
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Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
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Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
|
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
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|
-- |
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Directors |
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Company Director |
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Full Name |
MARTINUS
ROBERTUS NI VAN DER ERVE |
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Birth Date |
|
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Position Description |
Managing director |
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Address |
35 ARTHUR VAN DYCKLAAN TERVUREN |
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Country |
-- |
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Postal Code |
3080 |
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Birth Date |
2012-01-01 |
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Company Director |
|
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Full Name |
KIM MACHARIS |
|
Birth Date |
1981-04-13 |
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Position Description |
Director |
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Address |
44 PODDEGEMSTRAAT GRIMBERGEN |
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Country |
-- |
|
Postal Code |
1850 |
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Birth Date |
|
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Company Director |
|
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Full Name |
TOMAHAWK NV |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
35 ARTHUR VAN DYCKLAAN TERVUREN |
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Country |
-- |
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Postal Code |
3080 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
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.