MIRA INFORM REPORT

Report Date :

10.01.2011

IDENTIFICATION DETAILS

Name :	JO COLEMONT EVBA

Registered Office :	7, Klein Tegelrijstraat, Nieuwerkerken

Country :	Belgium

Financials (as on) :	31.12.2009

Date of Incorporation :	21.06.2007

Com. Reg. No.:	890349043

Legal Form :	Private (Sole-Trader) Limited Liability Company

Line of Business :	Wholesaler of wood

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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)

Belgium

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Accounts

Period
Accounts End Date	31-12-2009	31-12-2008
Currency	EUR	EUR
Weeks	52	52
Profit & Loss
Turnover	-	-
Total Operating Expenses	-	-
Operating Result	77,513	51,677
Total Financial Income	160	510
Total Financial Expenses	51,796	50,650
Results on Ordinary Operations Before Tax	25,877	1,538
Taxation	8,002	2,767
Results on Ordinary Operations After Tax	17,875	-1,229
Extraordinary Items	0	0
Net Result	17,875	-1,229
Other Information
Dividends	-	-
Director Remuneration	-	-
Employee Costs	0	0
- Wages & Salaries	-	-
- Employee Pension Costs	-	-
- Social Security Contributions	-	-
- Other Employee Costs	-	-
Amortization & Depreciation	24,315	11,029
Balance Sheet
Intangible Fixed Assets	0	0
Tangible Fixed Assets	320,223	332,672
- Land And Buildings	314,109	320,909
- Plant And Machinery	1,601	830
- Other Tangible Assets	4,513	10,933
Financial Fixed Assets	0	0
Total Fixed Assets	320,223	332,672
Inventories	255,835	169,000
- Raw Materials & Consumables	0	0
- Work in Progress	0	0
- Finished Goods	0	0
- Other Stocks	255,835	169,000
Trade Debtors	511,156	354,046
Cash	3,938	23
- Miscellaneous Current Assets	0	0
Total Current Assets	794,754	576,771
Current Liabilities
- Trade Creditors	705,620	482,749
- Short Term Group Loans	0	0
- Other Short Term Loans	59,568	79,473
- Miscellaneous Current Liabilities	16,157	8,766
Total Current Liabilities	781,345	570,988
Long Term Debts
- Long Term Group Loans	0	0
- Other Long Term Loans	301,225	327,184
- Other Long Term Liabilities	3,262	0
Total Long Term Debts	304,487	327,184
Shareholders Equity
- Issued Share Capital	12,500	12,500
- Share Premium Account	0	0
- Reserves	16,646	-1,229
- Revaluation Reserve	0	0
Total Shareholders Equity	29,146	11,271

Working Capital	13,409	5,783
Net Worth	29,146	11,271
Ratio Analysis
Trading Performance
Results on Ordinary Operations Before Taxation Margin	-	-
Return On Capital Employed	7.76	0.45
Return On Total Assets Employed	2.32	0.17
Return On Net Assets Employed	192.98	26.60
Sales / Net Working Capital	-	-
Operating Efficiency
Stock Turnover Ratio	-	-
Debtor Days	-	-
Creditor Days	-	-
Short Term Stability
Current Ratio	1.02	1.01
Liquidity Ratio / Acid Ratio	0.69	0.71
Current Debt Ratio	26.81	50.66
Long Term Stability
Gearing	1237.88	3607.99
Equity In Percentage	0.03	0.01
Total Debt Ratio	12.38	36.08

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	JO RENE GIGI COLEMONT
Birth Date	1984-02-22
Position Description	Manager
Address	112 HASSELTSESTEENWEG SINT-TRUIDEN
Country	--
Postal Code	3800
Birth Date

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.70.38
Euro	1	Rs.58.93

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

Company Summary
company details
Company Number	890349043
Name	JO COLEMONT EVBA
Address	7, KLEIN TEGELRIJSTRAAT, NIEUWERKERKEN
Post Code
Telephone Number	011698107
Fax Number	011883498
Establishment Date	21-06-2007
Company Status	ACTIVE
Company Type	Private (sole-trader) limited liability comp.
Number of Employees	0
Activity Description	Wholesale of wood
Activity Code	46732
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	41171
Event Description	Transfer of registered office
Limit
Credit Information
Credit Limit (€)
Purchase Limit (€)
Industry Comparison
Industry Average Credit Limit (€)	62,393
Payment Expectations
Payment Expectations
Payment Expectation Days
Day Sales Outstanding
Industry Comparison
Activity Code	4673
Activity Description	Wholesale of wood, construction materials and sanitary equipment
Industry Average Day Sales Outstanding	83.82
Industry Average Payment Expectation Days	64.31
Industry Quartile Analysis
Payment Expectations - Lower	37.42
Payment Expectations - Median	60.33
Payment Expectations - Upper	91.14

Day Sales Outstanding - Lower	19.89
Day Sales Outstanding - Median	43.60
Day Sales Outstanding - Upper	75.59
Company Shareholder Holding

Company Information

Company Accounts

Company Court Data

Unit