MIRA INFORM REPORT
|
Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNITASK NV |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.06.1992 |
|
|
|
|
Com. Reg. No.: |
447684197 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Non-Specialised Wholesale Trade |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 – 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 |
|
|
Company Number |
447684197 |
|
Name |
|
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032327676 |
|
Fax Number |
032316507 |
|
Establishment Date |
19-06-1992 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
5 |
|
Activity Description |
Non-specialised wholesale trade |
|
Activity Code |
46900 |
|
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 |
174620 |
|
Event Description |
Appointment |
|
Limit |
|
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
26,717 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
Industry Comparison |
|
|
Activity Code |
4690 |
|
Activity Description |
Non-specialised wholesale trade |
|
Industry Average Day Sales Outstanding |
99 |
|
Industry Average Payment Expectation Days |
78.37 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
31.43 |
|
Payment Expectations - Median |
64.60 |
|
Payment Expectations - Upper |
104.07 |
|
|
|
|
Day Sales Outstanding - Lower |
21.89 |
|
Day Sales Outstanding - Median |
49.14 |
|
Day Sales Outstanding - Upper |
99.10 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
404993311 |
|
Company Name |
UNITED INDUSTRIAL DIAMONDS NV |
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Address |
HOVENIERSSTRAAT 2/146, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
99 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
226,222 |
98,940 |
330,158 |
|
Total Financial Income |
647 |
83 |
- |
|
Total Financial Expenses |
98,973 |
178,714 |
135,013 |
|
Results on Ordinary Operations Before Tax |
127,895 |
-79,691 |
195,146 |
|
Taxation |
- |
- |
- |
|
Results on Ordinary Operations After Tax |
127,895 |
-79,691 |
195,146 |
|
Extraordinary Items |
9,000 |
0 |
0 |
|
Net Result |
136,895 |
-79,691 |
195,146 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
169,659 |
91,535 |
25,665 |
|
- Wages & Salaries |
138,701 |
75,730 |
21,846 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
30,038 |
15,327 |
3,308 |
|
- Other Employee Costs |
920 |
478 |
511 |
|
Amortization & Depreciation |
18,305 |
16,923 |
9,258 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
17,374 |
19,546 |
0 |
|
Tangible Fixed Assets |
109,733 |
108,102 |
2,917 |
|
- Land And Buildings |
72,467 |
63,920 |
0 |
|
- Plant And Machinery |
22,380 |
26,595 |
2,591 |
|
- Other Tangible Assets |
14,886 |
17,587 |
326 |
|
Financial Fixed Assets |
10,199 |
2,787 |
0 |
|
Total Fixed Assets |
137,306 |
130,435 |
2,917 |
|
Inventories |
3,392,786 |
2,735,416 |
1,095,372 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
3,392,786 |
2,735,416 |
1,095,372 |
|
Trade Debtors |
1,895,908 |
987,745 |
470,062 |
|
Cash |
226,901 |
18,751 |
164,420 |
|
- Miscellaneous Current Assets |
14,473 |
13,211 |
5,009 |
|
Total Current Assets |
5,543,896 |
3,781,662 |
1,773,946 |
|
Current Liabilities |
|||
|
- Trade Creditors |
2,848,708 |
1,942,799 |
509,456 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
1,025,439 |
871,690 |
12,453 |
|
- Miscellaneous Current Liabilities |
1,795,977 |
1,208,771 |
1,206,066 |
|
Total Current Liabilities |
5,670,124 |
4,023,260 |
1,727,975 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
7,253 |
13,142 |
0 |
|
- Other Long Term Liabilities |
547 |
9,312 |
102,814 |
|
Total Long Term Debts |
7,800 |
22,454 |
102,814 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
61,500 |
61,500 |
61,500 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
-58,222 |
-195,117 |
-115,426 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,278 |
-133,617 |
-53,926 |
|
|
|||
|
Working Capital |
-126,228 |
-241,598 |
45,971 |
|
Net Worth |
-14,096 |
-153,163 |
-53,926 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
1154.50 |
71.69 |
399.17 |
|
Return On Total Assets Employed |
2.25 |
-2.04 |
10.98 |
|
Return On Net Assets Employed |
-101.32 |
32.98 |
424.50 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
0.98 |
0.94 |
1.03 |
|
Liquidity Ratio / Acid Ratio |
0.38 |
0.26 |
0.39 |
|
Current Debt Ratio |
1729.75 |
-30.11 |
-32.04 |
|
Long Term Stability |
|||
|
Gearing |
31503.72 |
-662.22 |
-23.09 |
|
Equity In Percentage |
0 |
-0.03 |
-0.03 |
|
Total Debt Ratio |
315.04 |
-6.62 |
-0.23 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
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Name of Drawer |
-- |
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City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
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Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
SAMUEL WECHSLER |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
8 RUBENSLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
ZVI IYTZCHAK WEINROTH |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
8 HAGILGAL RAMAT GAN |
|
Country |
Israël |
|
Postal Code |
0 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
JOSEPH WECHSLER |
|
Birth Date |
|
|
Position Description |
Managing director |
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Address |
5 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2015-01-01 |
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Company Director |
|
|
Full Name |
MAURICE WECHSLER |
|
Birth Date |
1986-08-28 |
|
Position Description |
Director |
|
Address |
7 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2015-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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.