MIRA INFORM
REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
85, Moerenstraat, Arendonk |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
31.05.2007 |
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Com. Reg. No.: |
889844445 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of Chemical Products for Industrial use. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
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company details |
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Company Number |
889844445 |
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Name |
|
|
Address |
85, MOERENSTRAAT, ARENDONK |
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Post Code |
|
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Telephone Number |
014672001 |
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Fax Number |
014672012 |
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Establishment Date |
31-05-2007 |
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Company Status |
ACTIVE |
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Company Type |
Limited company |
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Number of Employees |
0 |
|
Activity Description |
Wholesale of chemical products for industrial use |
|
Activity Code |
46751 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
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Latest Branch Details |
|
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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 |
18224 |
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Event Description |
Appointment |
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Rating and Limit |
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Credit Information |
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Credit Limit (€) |
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Purchase Limit (€) |
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Industry Comparison |
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Industry Average Credit Rating |
68.97 |
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Industry Average Credit Limit (€) |
174,248 |
Payment Expectations
|
|
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Payment Expectations |
|
|
Payment Expectation Days |
40.97 |
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Day Sales Outstanding |
6.73 |
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Industry Comparison |
|
|
Activity Code |
4675 |
|
Activity Description |
Wholesale of chemical products |
|
Industry Average Day Sales Outstanding |
91.70 |
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Industry Average Payment Expectation Days |
64.91 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
44.27 |
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Payment Expectations - Median |
65.83 |
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Payment Expectations - Upper |
96.41 |
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Day Sales Outstanding - Lower |
19.02 |
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Day Sales Outstanding - Median |
43.38 |
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Day Sales Outstanding - Upper |
77.49 |
Company Shareholder Holding
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|
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Shareholder Detail |
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Company Number |
16219388 |
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Company Name |
RAVAGO SA |
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Address |
RUE NOTRE DAME 16, |
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Postal Code |
2240 |
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Country |
|
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Share Percentage |
|
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Annual Accounts Date |
-- |
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Shareholder Detail |
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Company Number |
881573117 |
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Company Name |
RAVAGO LOGISTIC CENTER NV |
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Address |
MOERENSTRAAT 89, ARENDONK |
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Postal Code |
2370 |
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Country |
|
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Share Percentage |
|
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Annual Accounts Date |
-- |
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Shareholder Detail |
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Company Number |
473959816 |
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Company Name |
|
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Address |
MOERENSTRAAT 85 A, ARENDONK |
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Postal Code |
2370 |
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Country |
|
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Share Percentage |
5 |
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Annual Accounts Date |
01-12-2009 |
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Shareholder Detail |
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Company Number |
0 |
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Company Name |
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Address |
, |
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Postal Code |
0 |
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Country |
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Share Percentage |
|
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Annual Accounts Date |
-- |
Company Accounts
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|||
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
645,726,420 |
965,129,801 |
668,542,584 |
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Total Operating Expenses |
634,316,432 |
945,906,068 |
648,911,058 |
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Operating Result |
11,409,988 |
19,223,733 |
19,631,526 |
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Total Financial Income |
3,656,365 |
10,367,142 |
6,590,905 |
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Total Financial Expenses |
5,113,957 |
13,602,744 |
17,346,367 |
|
Results on Ordinary Operations Before Tax |
8,745,635 |
10,758,756 |
10,740,395 |
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Taxation |
2,665,181 |
3,142,766 |
3,372,221 |
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Results on Ordinary Operations After Tax |
6,080,454 |
7,615,990 |
7,368,174 |
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Extraordinary Items |
0 |
-4,300 |
-3,516 |
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Net Result |
6,080,454 |
7,611,689 |
7,364,658 |
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Other Information |
|||
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Dividends |
30,000,000 |
13,000,000 |
7,000,000 |
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Director Remuneration |
- |
- |
- |
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Employee Costs |
4,848 |
33,991 |
32,477 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
1,725 |
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- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
4,848 |
33,991 |
30,752 |
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Amortization & Depreciation |
2,324,824 |
2,310,900 |
1,103,459 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
5,231,252 |
7,476,592 |
9,406,019 |
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Tangible Fixed Assets |
3,135,603 |
2,875,717 |
2,149,326 |
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- Land And Buildings |
2,149,326 |
2,149,327 |
2,149,326 |
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- Plant And Machinery |
986,277 |
726,390 |
0 |
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- Other Tangible Assets |
0 |
0 |
0 |
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Financial Fixed Assets |
2,616,576 |
2,548,100 |
2,486,056 |
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Total Fixed Assets |
10,983,431 |
12,900,409 |
14,041,401 |
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Inventories |
79,462,181 |
82,957,105 |
135,077,774 |
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- Raw Materials & Consumables |
42,761,728 |
35,341,965 |
60,857,674 |
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- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
36,700,453 |
47,615,140 |
74,220,100 |
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Trade Debtors |
11,898,466 |
17,566,617 |
32,006,511 |
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Cash |
149,901 |
348,479 |
1,094,293 |
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- Miscellaneous Current Assets |
3,840 |
1,541 |
209,736 |
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Total Current Assets |
129,553,123 |
131,812,229 |
401,964,178 |
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Current Liabilities |
|||
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- Trade Creditors |
71,207,408 |
46,962,259 |
110,887,312 |
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- Short Term Group Loans |
31,622,860 |
57,749,329 |
135,542,852 |
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- Other Short Term Loans |
26,017,043 |
49,722,658 |
256,956,017 |
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- Miscellaneous Current Liabilities |
3,575,888 |
-41,199,032 |
-124,430,277 |
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Total Current Liabilities |
132,423,199 |
113,235,214 |
378,955,904 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
0 |
0 |
0 |
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- Other Long Term Liabilities |
936,227 |
380,752 |
564,690 |
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Total Long Term Debts |
936,227 |
380,752 |
564,690 |
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Shareholders Equity |
|||
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- Issued Share Capital |
6,060,000 |
6,060,000 |
6,060,000 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
1,117,128 |
25,036,673 |
30,424,985 |
|
- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
7,177,128 |
31,096,673 |
36,484,985 |
|
|
|||
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Working Capital |
-2,870,076 |
18,577,015 |
23,008,274 |
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Net Worth |
1,945,876 |
23,620,081 |
27,078,966 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
1.35 |
1.11 |
1.61 |
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Return On Capital Employed |
107.79 |
34.18 |
28.99 |
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Return On Total Assets Employed |
6.22 |
7.43 |
2.58 |
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Return On Net Assets Employed |
-304.72 |
57.91 |
46.68 |
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Sales / Net Working Capital |
-224.99 |
51.95 |
29.06 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
12.31 |
8.60 |
20.20 |
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Debtor Days |
6.73 |
6.64 |
17.47 |
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Creditor Days |
40.97 |
18.12 |
62.37 |
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Short Term Stability |
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Current Ratio |
0.98 |
1.16 |
1.06 |
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Liquidity Ratio / Acid Ratio |
0.38 |
0.43 |
0.70 |
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Current Debt Ratio |
18.45 |
3.64 |
10.39 |
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Long Term Stability |
|||
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Gearing |
803.11 |
345.61 |
1075.78 |
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Equity In Percentage |
0.05 |
0.23 |
0.09 |
|
Total Debt Ratio |
8.03 |
3.46 |
10.76 |
Company Court Data
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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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-- |
Directors
|
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Company Director |
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Full Name |
LEMO-BEHEER BVBA |
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Birth Date |
|
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Position Description |
Director |
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Address |
54 OUDE ARENDONKSE BAAN OUD-TURNHOUT |
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Country |
-- |
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Postal Code |
2360 |
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Birth Date |
2016-06-01 |
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Company Director |
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Full Name |
NATHCO |
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Birth Date |
|
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Position Description |
Director |
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Address |
35 ZOERSELBOSDREEF ZOERSEL |
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Country |
-- |
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Postal Code |
2980 |
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Birth Date |
2016-06-01 |
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Company Director |
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Full Name |
J.C. ENTERPRISES BVBA |
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Birth Date |
|
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Position Description |
Director |
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Address |
18 EEKHOORNTJESLAAN KRAAINEM |
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Country |
-- |
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Postal Code |
1950 |
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Birth Date |
2016-06-01 |
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Company Director |
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Full Name |
WOKAN |
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Birth Date |
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Position Description |
Director |
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Address |
17 WIPPELBERG ARENDONK |
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Country |
-- |
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Postal Code |
2370 |
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Birth Date |
2016-06-01 |
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Company Director |
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Full Name |
GREVACAM |
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Birth Date |
|
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Position Description |
Director |
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Address |
63 DE DARIES ARENDONK |
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Country |
-- |
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Postal Code |
2370 |
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Birth Date |
2016-06-01 |
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Company Director |
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Full Name |
BOPLICITY BVBA |
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Birth Date |
|
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Position Description |
Director |
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Address |
12 ARTHUR GOEMAERELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
|
Birth Date |
2016-06-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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 |
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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.