MIRA
INFORM REPORT
|
Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNICA BVBA |
|
|
|
|
Registered Office : |
Pontstraat 6 Drongen 9031 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
20.06.1974 |
|
|
|
|
Com. Reg. No.: |
414318573 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of iron and steal scrap and old non-ferrometals |
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 : |
315,000 EUR |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Company Summary |
|
|
Business Name |
UNICA BVBA |
|
Business Number |
414318573 |
|
Address |
PONTSTRAAT 6 DRONGEN |
|
Post Code |
9031 |
|
Telephone |
092267459 |
|
Fax Number |
092272256 |
|
Date of Establisment |
20/06/1974 |
|
Number of Employees |
3 |
Company Information
|
company details |
|
|
Business Number |
414318573 |
|
Name |
UNICA BVBA |
|
Fax Number |
092272256 |
|
Establishment Date |
20/06/1974 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Activity Description |
Wholesale of iron and steal scrap and old non-ferrometals |
|
Activity Code |
46772 |
|
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 |
// |
CREDIT RECOMENDATION
Current Credit Limit: 315,000 EUR
DIRECTORS/MANAGEMENT
Directors
|
Company Director |
|
|
FullName |
PATRICK LOUIS MARIE WAUTERS |
|
Position |
Manager |
|
Address |
8 PONTSTRAAT GENT (DRONGEN) |
|
Postal Code |
9031 |
|
Country |
-- |
NEGATIVE INFORMATION
Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Bankruptcy Data |
||
|
There is no bankruptcy data against this company. |
||
|
bankruptcy details |
||
|
Court Action Type |
None |
|
|
Protested Bills |
||
|
Bill Amount |
|
|
|
NSSO Details |
||
|
Date of Summons |
// |
|
|
Latest Event |
||
|
Serial Number |
109261 |
|
|
Event Description |
Conversion of share capital in EUR |
|
SHARE & SHARE CAPITAL
INFORMATION
Shareholders
|
No holding companies
for this company. |
|
No subsidaries
for this company. |
PAYMENT INFORMATION
Payment Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
Industry
Comparison |
|
|
Activity Code |
4677 |
|
Activity Description |
Wholesale of waste and scrap |
|
Industry Average Day Sales Outstanding |
71.02 |
|
Industry Average Payment Expectation Days |
64.19 |
|
Industry
Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
22.91 |
|
Payment Expectations - Median |
44.97 |
|
Payment Expectations - Upper |
71.07 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
17.39 |
|
Day Sales Outstanding - Median |
33.62 |
|
Day Sales Outstanding - Upper |
58.94 |
|
Past Payments |
|
|
Payment Expectation Days |
|
|
Days Sales Outstanding |
|
|
Industry Average Payment Expectation Days |
64.19 |
|
Industry Average Day Sales Outstanding |
71.02 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Na
FINANCIAL INFORMATION
Accounts & Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit &
Loss |
|||||
|
Turnover |
- |
- |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
- |
- |
|
Operating Result |
423,626 |
182.5% |
149,973 |
-71.3% |
522,074 |
|
Total Financial Income |
25,627 |
-71.9% |
91,344 |
24.3% |
73,496 |
|
Total Financial Expenses |
145,054 |
22.7% |
118,241 |
27.6% |
92,679 |
|
Results on Ordinary Operations Before Tax |
304,200 |
147.2% |
123,077 |
-75.5% |
502,891 |
|
Taxation |
-4,351 |
-131.0% |
14,041 |
-51.6% |
29,017 |
|
Results on Ordinary Operations After Tax |
308,551 |
183.0% |
109,036 |
-77.0% |
473,874 |
|
Extraordinary Items |
0 |
-100.0% |
717 |
- |
0 |
|
Net Result |
308,551 |
181.1% |
109,753 |
-76.8% |
473,875 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
180,000 |
- |
- |
- |
315,000 |
|
Employee Costs |
136,291 |
-6.6% |
145,936 |
-12.1% |
166,109 |
|
- Wages & Salaries |
92,241 |
10.5% |
83,501 |
-23.6% |
109,311 |
|
- Social Security Contributions |
34,033 |
-0.1% |
34,055 |
-17.6% |
41,338 |
|
- Other Employee Costs |
10,017 |
-64.7% |
28,380 |
83.6% |
15,460 |
|
Amortization & Depreciation |
35,055 |
-17.9% |
42,678 |
-13.9% |
49,549 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
47,660 |
-42.1% |
82,314 |
-33.5% |
123,814 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
39,761 |
-30.8% |
57,424 |
-24.2% |
75,774 |
|
- Other Tangible Assets |
7,899 |
-68.3% |
24,890 |
-48.2% |
48,040 |
|
Financial Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
47,660 |
-42.1% |
82,314 |
-33.5% |
123,814 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
1,547,145 |
-22.8% |
2,005,230 |
9.5% |
1,831,440 |
|
Trade Debtors |
572,647 |
381.0% |
119,051 |
-66.2% |
351,964 |
|
Cash |
1,105,754 |
216.8% |
349,008 |
30.8% |
266,780 |
|
- Miscellaneous Current Assets |
1,527,720 |
-27.4% |
2,103,635 |
2.8% |
2,047,216 |
|
Total Current Assets |
4,770,099 |
3.6% |
4,603,640 |
1.3% |
4,545,485 |
|
|
|||||
|
- Trade Creditors |
123,502 |
-27.1% |
169,317 |
-47.4% |
322,020 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
2,059,488 |
2.4% |
2,010,419 |
3.1% |
1,950,814 |
|
Total Current Liabilities |
2,182,990 |
0.1% |
2,179,736 |
-4.1% |
2,272,834 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
0 |
- |
0 |
- |
0 |
|
|
|||||
|
- Issued Share Capital |
125,000 |
0.0% |
125,000 |
0.0% |
125,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
2,509,769 |
5.4% |
2,381,218 |
4.8% |
2,271,465 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
2,634,769 |
5.1% |
2,506,218 |
4.6% |
2,396,465 |
|
|
|||||
|
Working Capital |
2,587,109 |
6.7% |
2,423,904 |
6.7% |
2,272,651 |
|
Net Worth |
2,634,769 |
5.1% |
2,506,218 |
4.6% |
2,396,465 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
- |
- |
- |
- |
- |
|
|
Return On Capital Employed |
11.55 |
135.2% |
4.91 |
-76.6% |
20.98 |
|
|
Return On Total Assets Employed |
6.31 |
139.9% |
2.63 |
-75.6% |
10.77 |
|
|
Return On Net Assets Employed |
11.76 |
131.5% |
5.08 |
-77.0% |
22.13 |
|
|
Sales / Net Working Capital |
- |
- |
- |
- |
- |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
2.19 |
3.8% |
2.11 |
5.5% |
2.00 |
|
|
Liquidity Ratio / Acid Ratio |
1.48 |
24.4% |
1.19 |
0.0% |
1.19 |
|
|
Current Debt Ratio |
0.83 |
-4.6% |
0.87 |
-8.4% |
0.95 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
0 |
- |
0 |
- |
0 |
|
|
Equity In Percentage |
0.55 |
3.8% |
0.53 |
3.9% |
0.51 |
|
|
Total Debt Ratio |
0 |
- |
0 |
- |
0 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Date of Deposit at Registry |
12/08/2010 |
|
|
Date of Last Accounts |
31/12/2009 |
|
|
Turnover |
- |
|
|
Results of Ordinary Operations Before Tax |
308,551 |
|
|
Networth |
2,634,769 |
|
|
Industry Comparison |
||
|
Activity Code |
46772 |
|
|
Activity Description |
Wholesale of iron and steal scrap and old non-ferrometals |
|
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
|
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.63.86 |
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.