MIRA INFORM
REPORT
|
Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
DAMART T.S.D. SA |
|
|
|
|
Registered Office : |
Rue De La Barriere De Fer 23 Dottignies 7711 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
25.10.1937 |
|
|
|
|
Com. Reg. No.: |
401259504 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Retail sale via mail order houses or via Internet |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 855,000 |
|
Status : |
Excellent |
|
Payment
Behaviour : |
Regular |
|
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 |
DAMART T.S.D. SA |
|
Business Number |
401259504 |
|
Address |
RUE DE LA BARRIERE DE FER 23 DOTTIGNIES |
|
Post Code |
7711 |
|
Telephone |
056483111 |
|
Fax Number |
056489626 |
|
Date of Establishment |
25/10/1937 |
|
Number of Employees |
293 |
|
Credit Information Summary |
|
|
Company Status |
ACTIVE |
|
Credit Limit (€) |
855,000 |
|
Purchase Limit (€) |
15,300,000 |
|
Date of Deposit at Registry |
13/12/2010 |
|
Date of Last Accounts |
30/06/2010 |
|
Turnover |
61,020,436 |
|
Results of Ordinary Operations Before Tax |
-464,222 |
|
Networth |
3,797,006 |
|
Past Payments |
|
|
Payment Expectation Days |
37.68 |
|
Days Sales Outstanding |
4.22 |
|
Industry Average Payment Expectation Days |
86.88 |
|
Industry Average Day Sales Outstanding |
76.02 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company details |
|
|
Business Number |
401259504 |
|
Name |
DAMART T.S.D. SA |
|
Fax Number |
056489626 |
|
Establishment Date |
25/10/1937 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Retail sale via mail order houses or via Internet |
|
Activity Code |
47910 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
RUE DE NIVELLES |
|
House Number |
2 |
|
City |
WAVRE |
|
Postal Code |
1300 |
|
Trade Registered Number |
69857 |
|
Trade Registered Entry Date |
01/02/1992 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
131907 |
|
Event Description |
Appointment |
Accounts
& Ratio
|
Period |
|||||
|
Accounts End Date |
30/06/2010 |
% |
30/06/2009 |
% |
30/06/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
61,020,436 |
-2.3% |
62,484,698 |
-0.5% |
62,808,301 |
|
Total Operating Expenses |
61,161,243 |
0.4% |
60,946,223 |
0.8% |
60,444,398 |
|
Operating Result |
-140,807 |
-109.2% |
1,538,475 |
-34.9% |
2,363,903 |
|
Total Financial Income |
234,813 |
-58.1% |
559,971 |
-4.3% |
585,004 |
|
Total Financial Expenses |
432,201 |
-20.2% |
541,599 |
-7.6% |
586,269 |
|
Results on Ordinary Operations Before Tax |
-415,896 |
-132.0% |
1,298,389 |
-37.3% |
2,071,382 |
|
Taxation |
48,326 |
-90.1% |
487,072 |
-38.0% |
785,478 |
|
Results on Ordinary Operations After Tax |
-464,222 |
-157.2% |
811,317 |
-36.9% |
1,285,904 |
|
Extraordinary Items |
3,884,927 |
3,142.0% |
-127,708 |
23.9% |
-167,743 |
|
Net Result |
3,420,705 |
400.4% |
683,608 |
-38.9% |
1,118,162 |
|
Other Information |
|||||
|
Dividends |
3,000,049 |
499.8% |
500,188 |
-50.0% |
1,000,106 |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
14,651,677 |
-0.2% |
14,677,764 |
2.7% |
14,297,933 |
|
- Wages & Salaries |
11,404,416 |
-0.4% |
11,455,038 |
1.6% |
11,269,227 |
|
- Social Security Contributions |
2,381,724 |
1.4% |
2,348,285 |
9.6% |
2,143,209 |
|
- Other Employee Costs |
836,339 |
-1.8% |
851,828 |
-1.5% |
864,395 |
|
Amortization & Depreciation |
1,486,545 |
2.6% |
1,448,547 |
-10.2% |
1,612,269 |
|
Balance Sheet |
|||||
|
Accounts End Date |
30/06/2010 |
% |
30/06/2009 |
% |
30/06/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
706,797 |
0.3% |
704,368 |
1.9% |
691,085 |
|
Tangible Fixed Assets |
3,093,905 |
0.1% |
3,089,841 |
-16.0% |
3,678,881 |
|
- Land And Buildings |
357,554 |
-7.7% |
387,543 |
-7.2% |
417,531 |
|
- Plant And Machinery |
2,555,104 |
1.7% |
2,512,112 |
-14.4% |
2,935,219 |
|
- Other Tangible Assets |
181,247 |
-4.7% |
190,186 |
-41.7% |
326,131 |
|
Financial Fixed Assets |
50,433 |
-98.0% |
2,529,344 |
-0.1% |
2,530,656 |
|
Total Fixed Assets |
3,851,135 |
-39.1% |
6,323,553 |
-8.4% |
6,900,622 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
765 |
-74.0% |
2,938 |
-64.1% |
8,190 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
8,276,133 |
21.1% |
6,834,128 |
-17.8% |
8,316,646 |
|
Trade Debtors |
705,799 |
221.1% |
219,777 |
-36.5% |
346,292 |
|
Cash |
1,935,432 |
39.9% |
1,383,930 |
77.7% |
778,877 |
|
- Miscellaneous Current Assets |
399,762 |
-37.5% |
639,260 |
20.2% |
531,868 |
|
Total Current Assets |
17,061,670 |
16.6% |
14,638,324 |
1.9% |
14,369,589 |
|
|
|||||
|
- Trade Creditors |
6,313,449 |
16.0% |
5,444,328 |
9.2% |
4,986,599 |
|
- Short Term Group Loans |
0 |
-100.0% |
5,500,000 |
0.0% |
5,500,000 |
|
- Other Short Term Loans |
1,823 |
4.4% |
1,746 |
56.2% |
1,118 |
|
- Miscellaneous Current Liabilities |
7,771,241 |
78.3% |
4,358,075 |
-12.8% |
4,995,737 |
|
Total Current Liabilities |
14,086,513 |
-8.0% |
15,304,149 |
-1.2% |
15,483,454 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
2,322,490 |
47.5% |
1,574,582 |
-16.6% |
1,887,031 |
|
Total Long Term Debts |
2,322,490 |
47.5% |
1,574,582 |
-16.6% |
1,887,031 |
|
|
|||||
|
- Issued Share Capital |
669,648 |
0.0% |
669,648 |
0.0% |
669,648 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
3,834,155 |
12.3% |
3,413,499 |
5.7% |
3,230,078 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
4,503,803 |
10.3% |
4,083,147 |
4.7% |
3,899,726 |
|
|
|||||
|
Working Capital |
2,975,157 |
546.8% |
-665,825 |
40.2% |
-1,113,865 |
|
Net Worth |
3,797,006 |
12.4% |
3,378,779 |
5.3% |
3,208,641 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
-0.68 |
-132.7% |
2.08 |
-37.0% |
3.30 |
|
|
Return On Capital Employed |
-6.09 |
-126.5% |
22.95 |
-35.9% |
35.80 |
|
|
Return On Total Assets Employed |
-1.99 |
-132.1% |
6.19 |
-36.4% |
9.74 |
|
|
Return On Net Assets Employed |
-13.98 |
92.8% |
-195.00 |
-4.9% |
-185.96 |
|
|
Sales / Net Working Capital |
20.51 |
121.9% |
-93.85 |
-66.4% |
-56.39 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
13.56 |
23.9% |
10.94 |
-17.4% |
13.25 |
|
|
Debtor Days |
4.22 |
229.7% |
1.28 |
-36.3% |
2.01 |
|
|
Creditor Days |
37.68 |
15.5% |
32.61 |
8.3% |
30.11 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.21 |
26.0% |
0.96 |
3.2% |
0.93 |
|
|
Liquidity Ratio / Acid Ratio |
0.62 |
21.6% |
0.51 |
30.8% |
0.39 |
|
|
Current Debt Ratio |
3.13 |
-16.5% |
3.75 |
-5.5% |
3.97 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
0.04 |
-100.0% |
134.74 |
-4.5% |
141.06 |
|
|
Equity In Percentage |
0.22 |
10.0% |
0.20 |
5.3% |
0.19 |
|
|
Total Debt Ratio |
0 |
-100.0% |
1.35 |
-4.3% |
1.41 |
|
|
Industry Comparison |
|
|
Activity Code |
47910 |
|
Activity Description |
Retail sale via mail order houses or via Internet |
|
Industry Average Credit Rating |
65.09 |
|
Industry Average Credit Limit (€) |
6,588 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
37.68 |
|
Day Sales Outstanding |
4.22 |
|
Industry Comparison |
|
|
Activity Code |
4791 |
|
Activity Description |
Retail sale via mail order houses or via Internet |
|
Industry Average Day Sales Outstanding |
76.02 |
|
Industry Average Payment Expectation Days |
86.88 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
12.41 |
|
Payment Expectations - Median |
43.39 |
|
Payment Expectations - Upper |
98.64 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
18.49 |
|
Day Sales Outstanding - Median |
38.58 |
|
Day Sales Outstanding - Upper |
97.25 |
Shareholders
|
Holding Company |
|
|
Company Name |
DAMARTEX |
|
Business Number |
14527036 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
ASSOCIATION DES EXPLOITANTS DE L'ANSPACH ASBL |
|
Business Number |
821427177 |
|
Share Percentage |
|
|
Annual Accounts Date |
// |
|
Subsidiary |
|
|
Company Name |
TISSART |
|
Business Number |
14527135 |
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01/06/2009 |
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 |
CLAUDE BOQUET |
|
Position |
Director |
|
Address |
3 RUE |
|
Postal Code |
0 |
|
Country |
|
|
Company Director |
|
|
Full Name |
PATRICK SEGHIN |
|
Position |
Director |
|
Address |
40 RUE DU CHEVALET LOUVAIN-LA-NEUVE |
|
Postal Code |
1348 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
FRANCOISE BURLET |
|
Position |
Director |
|
Address |
36 ESSENDALLAAN VILVOORDE |
|
Postal Code |
1800 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.58 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.61.45 |
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 |
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.