MIRA INFORM REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BERRY PLASTICS BVBA |
|
|
|
|
Registered Office : |
10, Nijverheidsstraat, Westerlo 2260 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
03.02.2006 |
|
|
|
|
Com. Reg. No.: |
879163161 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of chemical products for industrial use |
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 : |
(€) 455,000 |
|
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 |
Company Summary
|
company details |
|
|
Company Number |
879163161 |
|
Name |
|
|
Address |
10, NIJVERHEIDSSTRAAT, WESTERLO |
|
Post Code |
2260 |
|
Telephone Number |
016553600 |
|
Fax Number |
016553673 |
|
Establishment Date |
03-02-2006 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
42 |
|
Activity Description |
Wholesale of chemical products for industrial use |
|
Activity Code |
46751 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
NIJVERHEIDSSTRAAT |
|
House Number |
11 |
|
City |
WESTERLO |
|
Postal Code |
2260 |
|
Trade Registered Number |
0 |
|
Trade Registered Entry Date |
01-02-2008 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
102640 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
455,000 |
|
Purchase Limit (€) |
6,500,000 |
|
Industry Comparison |
|
|
Industry Average Credit Rating |
70.69 |
|
Industry Average Credit Limit (€) |
177,555 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
29.23 |
|
Day Sales Outstanding |
47.82 |
|
Industry Comparison |
|
|
Activity Code |
4675 |
|
Activity Description |
Wholesale of chemical products |
|
Industry Average Day Sales Outstanding |
92.66 |
|
Industry Average Payment Expectation Days |
64.98 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
44.27 |
|
Payment Expectations - Median |
65.83 |
|
Payment Expectations - Upper |
97.20 |
|
|
|
|
Day Sales Outstanding - Lower |
19.04 |
|
Day Sales Outstanding - Median |
43.40 |
|
Day Sales Outstanding - Upper |
77.49 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
14472695 |
|
Company Name |
COVALENCE SPECIALTY MATERIALS CORPORATION |
|
Address |
160 GREENTREE DRIVE, SUITE 101, DOVE, KENT
COUNTY, DELA |
|
Postal Code |
19901 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder
Detail |
|
|
Company Number |
14472992 |
|
Company Name |
BERRY PLASTICS ACQUISITION CORPORATION II |
|
Address |
OAKLEY STREET 101, EVANSVILLE IN 47710 |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
14472893 |
|
Company Name |
BERRY PLASTICS CORPORATION |
|
Address |
OAKLEY STREET 101, EVANSVILLE IN 47710 |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
14472794 |
|
Company Name |
COVALENCE SPECIALTY ADHESIVES LTD LIABILITY C |
|
Address |
, KENT COUNTY, DELAWARE |
|
Postal Code |
19901 |
|
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 |
43,542,740 |
57,650,265 |
95,058,559 |
|
Total Operating Expenses |
42,760,531 |
55,792,581 |
86,915,971 |
|
Operating Result |
782,209 |
1,857,684 |
8,142,588 |
|
Total Financial Income |
1,371,391 |
2,267,424 |
1,205,251 |
|
Total Financial Expenses |
1,904,680 |
2,089,307 |
3,186,258 |
|
Results on Ordinary Operations Before Tax |
211,025 |
1,898,449 |
6,161,581 |
|
Taxation |
79,579 |
688,255 |
2,163,725 |
|
Results on Ordinary Operations After Tax |
131,446 |
1,210,194 |
3,997,856 |
|
Extraordinary Items |
35,133 |
-233 |
-321,696 |
|
Net Result |
166,579 |
1,209,961 |
3,676,160 |
|
Other Information |
|||
|
Dividends |
165,870 |
4,584,266 |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
3,747,047 |
3,918,819 |
7,059,293 |
|
- Wages & Salaries |
2,926,751 |
3,104,225 |
5,601,583 |
|
- Employee Pension Costs |
5,281 |
5,807 |
- |
|
- Social Security Contributions |
760,466 |
768,522 |
1,387,288 |
|
- Other Employee Costs |
54,549 |
40,265 |
70,422 |
|
Amortization & Depreciation |
149,090 |
183,674 |
298,048 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
49,161 |
94,541 |
139,920 |
|
Tangible Fixed Assets |
542,184 |
531,674 |
637,876 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
458,514 |
445,781 |
535,741 |
|
- Other Tangible Assets |
83,670 |
85,893 |
102,135 |
|
Financial Fixed Assets |
95,077 |
94,403 |
93,928 |
|
Total Fixed Assets |
686,422 |
720,618 |
871,724 |
|
Inventories |
4,334,524 |
5,477,876 |
6,563,688 |
|
- Raw Materials & Consumables |
505,892 |
417,837 |
624,517 |
|
- Work in Progress |
412,910 |
712,865 |
670,886 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
3,415,722 |
4,347,174 |
5,268,285 |
|
Trade Debtors |
5,704,571 |
10,788,247 |
10,014,559 |
|
Cash |
1,314,903 |
4,745,600 |
3,049,473 |
|
- Miscellaneous Current Assets |
96,377 |
104,269 |
56,070 |
|
Total Current Assets |
12,308,695 |
21,200,549 |
19,801,437 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,424,320 |
7,572,387 |
8,121,010 |
|
- Short Term Group Loans |
2,828,490 |
7,368,508 |
8,778,503 |
|
- Other Short Term Loans |
4,166,667 |
2,930,000 |
1,930,000 |
|
- Miscellaneous Current Liabilities |
-2,249,561 |
-961,415 |
-6,527,047 |
|
Total Current Liabilities |
8,169,916 |
16,909,480 |
12,302,466 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
1,475,536 |
1,703,255 |
1,687,958 |
|
Total Long Term Debts |
1,475,536 |
1,703,255 |
1,687,958 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
3,045,150 |
3,006,577 |
3,006,577 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
304,515 |
301,855 |
3,676,160 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,349,665 |
3,308,432 |
6,682,737 |
|
|
|||
|
Working Capital |
4,138,779 |
4,291,069 |
7,498,971 |
|
Net Worth |
3,300,504 |
3,213,891 |
6,542,817 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.48 |
3.29 |
6.48 |
|
Return On Capital Employed |
4.37 |
37.88 |
73.61 |
|
Return On Total Assets Employed |
1.62 |
8.66 |
29.80 |
|
Return On Net Assets Employed |
5.10 |
44.24 |
82.17 |
|
Sales / Net Working Capital |
10.52 |
13.43 |
12.68 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
9.95 |
9.50 |
6.90 |
|
Debtor Days |
47.82 |
68.30 |
38.45 |
|
Creditor Days |
29.23 |
49.54 |
34.10 |
|
Short Term Stability |
|||
|
Current Ratio |
1.51 |
1.25 |
1.61 |
|
Liquidity Ratio / Acid Ratio |
0.98 |
0.93 |
1.08 |
|
Current Debt Ratio |
2.44 |
5.11 |
1.84 |
|
Long Term Stability |
|||
|
Gearing |
208.83 |
311.28 |
160.24 |
|
Equity In Percentage |
0.26 |
0.15 |
0.33 |
|
Total Debt Ratio |
2.09 |
3.11 |
1.60 |
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 |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
DIRK TOTTE |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
14 TARWELAAN LIER |
|
Country |
-- |
|
Postal Code |
2500 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.85 |
|
UK Pound |
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
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.