MIRA INFORM REPORT
|
Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
QNT SA |
|
|
|
|
Registered Office : |
3, Technoparc De Thudinie, Thuin, , Post Code 6061 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2010 |
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|
|
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Date of Incorporation : |
31.07.1987 |
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Com. Reg. No.: |
431635548 |
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|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Manufacture of homogenised food preparations and dietetic
food |
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 : |
390,000 (€) |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
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 details |
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|
Company Number |
431635548 |
|
Name |
|
|
Address |
3, TECHNOPARC DE THUDINIE, THUIN |
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Post Code |
6061 |
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Telephone Number |
071534811 |
|
Fax Number |
071534809 |
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Establishment Date |
31-07-1987 |
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Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
14 |
|
Activity Description |
Manufacture of homogenised food preparations and dietetic food |
|
Activity Code |
10860 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
RUE AIME MIGNOLET |
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House Number |
15 |
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City |
MONTIGNIES-SUR-SAMBRE |
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Postal Code |
6061 |
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Trade Registered Number |
154309 |
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Trade Registered Entry Date |
01-10-1987 |
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Contractor Details |
|
|
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 |
32952 |
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Event Description |
Change of articles of association |
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Rating and Limit |
|
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Credit Information |
|
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Credit Limit (€) |
390,000 |
|
Purchase Limit (€) |
3,100,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
NaN |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
67.22 |
|
Day Sales Outstanding |
76.60 |
|
Industry Comparison |
|
|
Activity Code |
1086 |
|
Activity
Description |
Manufacture of homogenised food preparations and dietetic food |
|
Industry Average
Day Sales Outstanding |
100.32 |
|
Industry Average
Payment Expectation Days |
142.09 |
|
Industry Quartile
Analysis |
|
|
Payment
Expectations - Lower |
22.04 |
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Payment
Expectations - Median |
44.59 |
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Payment
Expectations - Upper |
118.88 |
|
|
|
|
Day Sales Outstanding - Lower |
40.75 |
|
Day Sales Outstanding - Median |
64.30 |
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Day Sales Outstanding - Upper |
135.51 |
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Company Shareholder Holding |
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Shareholder Detail |
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Company Number |
463544489 |
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Company Name |
ORMEX SA |
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Address |
TECHNOPARC DE THUDINIE 3, THUIN |
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Postal Code |
6536 |
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Country |
|
|
Share Percentage |
71.59 |
|
Annual Accounts Date |
01-06-2010 |
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Shareholder Detail |
|
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Company Number |
463544489 |
|
Company Name |
ORMEX SA |
|
Address |
TECHNOPARC DE THUDINIE 3, THUIN |
|
Postal Code |
6536 |
|
Country |
|
|
Share Percentage |
0.04 |
|
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 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
12,286,943 |
13,574,428 |
16,667,516 |
|
Total Operating Expenses |
11,667,633 |
13,324,706 |
15,756,990 |
|
Operating Result |
619,310 |
249,722 |
910,526 |
|
Total Financial Income |
76,662 |
84,892 |
62,424 |
|
Total Financial Expenses |
104,406 |
99,453 |
134,624 |
|
Results on Ordinary Operations Before Tax |
577,566 |
221,161 |
824,326 |
|
Taxation |
159,588 |
18,686 |
259,300 |
|
Results on Ordinary Operations After Tax |
417,978 |
202,475 |
565,026 |
|
Extraordinary Items |
-28,930 |
-58,024 |
-6,748 |
|
Net Result |
394,802 |
150,293 |
564,502 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
528,905 |
532,176 |
463,146 |
|
- Wages & Salaries |
388,474 |
386,378 |
339,797 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
112,357 |
107,901 |
89,255 |
|
- Other Employee Costs |
28,074 |
37,897 |
34,094 |
|
Amortization & Depreciation |
270,154 |
283,123 |
247,204 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
850,022 |
965,092 |
1,086,452 |
|
Tangible Fixed Assets |
272,844 |
357,488 |
481,569 |
|
- Land And Buildings |
80,692 |
134,162 |
189,887 |
|
- Plant And Machinery |
78,359 |
106,621 |
159,051 |
|
- Other Tangible Assets |
113,793 |
116,705 |
132,631 |
|
Financial Fixed Assets |
583 |
583 |
7,957 |
|
Total Fixed Assets |
1,123,449 |
1,323,163 |
1,575,978 |
|
Inventories |
1,213,088 |
1,597,674 |
2,079,052 |
|
- Raw Materials & Consumables |
48,480 |
32,485 |
417,104 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,164,608 |
1,565,189 |
1,661,948 |
|
Trade Debtors |
2,578,445 |
2,420,008 |
3,403,927 |
|
Cash |
926,978 |
376,019 |
297,809 |
|
- Miscellaneous Current Assets |
82,347 |
42,701 |
-1 |
|
Total Current Assets |
5,277,589 |
4,963,149 |
6,172,236 |
|
Current Liabilities |
|||
|
- Trade Creditors |
2,148,838 |
1,882,969 |
3,297,010 |
|
- Short Term Group Loans |
18,922 |
141,045 |
97,183 |
|
- Other Short Term Loans |
688,430 |
1,036,033 |
961,457 |
|
- Miscellaneous Current Liabilities |
-189,455 |
-375,648 |
-365,625 |
|
Total Current Liabilities |
2,666,735 |
2,684,399 |
3,990,025 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
608,924 |
902,722 |
1,216,926 |
|
- Other Long Term Liabilities |
81,343 |
43,348 |
45,985 |
|
Total Long Term Debts |
690,267 |
946,070 |
1,262,911 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
124,350 |
124,350 |
124,350 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
2,919,687 |
2,531,492 |
2,370,928 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,044,037 |
2,655,842 |
2,495,278 |
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|
|||
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Working Capital |
2,610,854 |
2,278,750 |
2,182,211 |
|
Net Worth |
2,194,015 |
1,690,750 |
1,408,826 |
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Ratio Analysis |
|||
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Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
4.70 |
1.63 |
4.95 |
|
Return On Capital Employed |
15.47 |
6.14 |
21.93 |
|
Return On Total Assets Employed |
9.02 |
3.52 |
10.64 |
|
Return On Net Assets Employed |
22.12 |
9.71 |
37.77 |
|
Sales / Net Working Capital |
4.71 |
5.96 |
7.64 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
9.87 |
11.77 |
12.47 |
|
Debtor Days |
76.60 |
65.07 |
74.54 |
|
Creditor Days |
67.22 |
51.58 |
76.37 |
|
Short Term Stability |
|||
|
Current Ratio |
1.98 |
1.85 |
1.55 |
|
Liquidity Ratio / Acid Ratio |
1.52 |
1.25 |
1.03 |
|
Current Debt Ratio |
0.88 |
1.01 |
1.60 |
|
Long Term Stability |
|||
|
Gearing |
43.24 |
78.31 |
91.19 |
|
Equity In Percentage |
0.55 |
0.50 |
0.37 |
|
Total Debt Ratio |
0.43 |
0.78 |
0.91 |
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 Drawer |
-- |
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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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Labour Court |
-- |
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Directors |
|
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Company Director |
|
|
Full Name |
FABIEN DEBECQ |
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Birth Date |
1963-07-06 |
|
Position Description |
Managing director |
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Address |
36 ALLEE DE LA CHARMILLE HAM-SUR-HEURE |
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Country |
-- |
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Postal Code |
6120 |
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Birth Date |
2015-01-01 |
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Company Director |
|
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Full Name |
ARLETTE ROSNER |
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Birth Date |
1941-01-01 |
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Position Description |
Director |
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Address |
36 TIENNE DU FIRE HAM-SUR-HEURE |
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Country |
-- |
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Postal Code |
6120 |
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Birth Date |
2015-01-01 |
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Company Director |
|
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Full Name |
ORMEX SA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
3 TECHNOPARC DE THUDINIE THUIN |
|
Country |
-- |
|
Postal Code |
6536 |
|
Birth Date |
2015-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.43 |
|
UK Pound |
1 |
Rs.71.90 |
|
Euro |
1 |
Rs.63.41 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.