MIRA INFORM REPORT
|
Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
TACHE COMPANY NV |
|
|
|
|
Registered Office : |
53, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
02.05.1978 |
|
|
|
|
Com. Reg. No.: |
404991430 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 |
404991430 |
|
Name |
|
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032341818 |
|
Fax Number |
032318792 |
|
Establishment Date |
02-05-1978 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
28 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
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 |
162450 |
|
Event Description |
Reappointment |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
32,500,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,342 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
18.76 |
|
Day Sales Outstanding |
113.68 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.66 |
|
Industry Average
Payment Expectation Days |
137 |
|
Industry
Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.25 |
|
Payment
Expectations - Median |
90.32 |
|
Payment
Expectations - Upper |
162.53 |
|
|
|
|
Day Sales
Outstanding - Lower |
31.52 |
|
Day Sales
Outstanding - Median |
75.21 |
|
Day Sales
Outstanding - Upper |
158.58 |
|
Company
Shareholder Holding |
|
|
Shareholder
Detail |
|
|
Company Number |
861945958 |
|
Company Name |
TACHE ENTERPRISES COMA |
|
Address |
HOVENIERSSTRAAT 53/103, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
79.50 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
478159124 |
|
Company Name |
ATHANOR BVBA |
|
Address |
SCHUPSTRAAT 20/2, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
51 |
|
Annual Accounts Date |
01-12-2005 |
|
Shareholder Detail |
|
|
Company Number |
429616463 |
|
Company Name |
FILDIAM BVBA |
|
Address |
HOVENIERSSTRAAT 53, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
51 |
|
Annual Accounts Date |
01-12-2005 |
|
Shareholder Detail |
|
|
Company Number |
448601046 |
|
Company Name |
SMOLENSK DIAMONDS NV |
|
Address |
HOVENIERSSTRAAT 53, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
0.02 |
|
Annual Accounts Date |
01-12-2005 |
|
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 |
129,816,215 |
234,701,780 |
318,817,433 |
|
Total Operating Expenses |
120,055,251 |
223,984,897 |
306,939,856 |
|
Operating Result |
9,760,964 |
10,716,883 |
11,877,577 |
|
Total Financial Income |
7,975,354 |
8,327,205 |
3,850,556 |
|
Total Financial Expenses |
9,370,030 |
10,379,577 |
15,051,206 |
|
Results on Ordinary Operations Before Tax |
432,277 |
467,702 |
676,927 |
|
Taxation |
80,959 |
175,168 |
240,224 |
|
Results on Ordinary Operations After Tax |
351,318 |
292,534 |
436,703 |
|
Extraordinary Items |
-154,862 |
-4,947 |
-16,603 |
|
Net Result |
196,457 |
287,587 |
420,100 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
306,893 |
251,431 |
330,566 |
|
Employee Costs |
1,209,747 |
1,582,972 |
1,884,456 |
|
- Wages & Salaries |
804,488 |
1,107,145 |
1,338,340 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
335,946 |
439,182 |
501,800 |
|
- Other Employee Costs |
69,313 |
36,645 |
44,316 |
|
Amortization & Depreciation |
200,473 |
195,171 |
234,884 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
1,912,386 |
2,080,906 |
2,950,123 |
|
- Land And Buildings |
1,338,849 |
1,436,474 |
2,069,915 |
|
- Plant And Machinery |
415,545 |
499,791 |
608,190 |
|
- Other Tangible Assets |
157,992 |
144,641 |
272,018 |
|
Financial Fixed Assets |
700,885 |
726,049 |
652,270 |
|
Total Fixed Assets |
2,613,271 |
2,806,955 |
3,602,393 |
|
Inventories |
106,520,800 |
107,995,214 |
141,250,042 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
106,520,800 |
107,995,214 |
141,250,042 |
|
Trade Debtors |
40,433,085 |
52,690,544 |
107,463,074 |
|
Cash |
277,941 |
6,613,383 |
644,770 |
|
- Miscellaneous Current Assets |
1,165,146 |
981,839 |
1,304,921 |
|
Total Current Assets |
150,756,235 |
171,028,489 |
253,658,755 |
|
Current Liabilities |
|||
|
- Trade Creditors |
6,172,069 |
19,772,274 |
24,827,821 |
|
- Short Term Group Loans |
1,842,475 |
10,316,612 |
3,733,166 |
|
- Other Short Term Loans |
21,784,313 |
23,440,953 |
52,389,531 |
|
- Miscellaneous Current Liabilities |
-1,542,098 |
-9,978,015 |
-3,112,664 |
|
Total Current Liabilities |
28,256,759 |
43,551,824 |
77,837,854 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
8,580 |
14,068 |
27,764 |
|
- Other Long Term Liabilities |
121,112,246 |
126,341,231 |
174,328,396 |
|
Total Long Term Debts |
121,120,826 |
126,355,299 |
174,356,160 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
1,304,645 |
1,350,313 |
1,879,350 |
|
- Share Premium Account |
1,199,512 |
1,241,500 |
1,727,907 |
|
- Reserves |
1,487,764 |
1,336,509 |
1,459,876 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,991,921 |
3,928,322 |
5,067,133 |
|
|
|||
|
Working Capital |
122,499,476 |
127,476,665 |
175,820,901 |
|
Net Worth |
3,991,921 |
3,928,322 |
5,067,133 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.33 |
0.20 |
0.21 |
|
Return On Capital Employed |
0.35 |
0.36 |
0.38 |
|
Return On Total Assets Employed |
0.28 |
0.27 |
0.26 |
|
Return On Net Assets Employed |
0.35 |
0.37 |
0.39 |
|
Sales / Net Working Capital |
1.06 |
1.84 |
1.81 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
82.06 |
46.01 |
44.30 |
|
Debtor Days |
113.68 |
81.94 |
123.03 |
|
Creditor Days |
18.76 |
32.22 |
29.52 |
|
Short Term Stability |
|||
|
Current Ratio |
5.34 |
3.93 |
3.26 |
|
Liquidity Ratio / Acid Ratio |
1.57 |
1.45 |
1.44 |
|
Current Debt Ratio |
7.08 |
11.09 |
15.36 |
|
Long Term Stability |
|||
|
Gearing |
592.08 |
859.70 |
1108.13 |
|
Equity In Percentage |
0.03 |
0.02 |
0.02 |
|
Total Debt Ratio |
5.92 |
8.60 |
11.08 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
JOSEPH TACHE |
|
Birth Date |
1939-06-02 |
|
Position Description |
Managing director |
|
Address |
50 BAILLET-LATOURLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
ISAAC TACHE |
|
Birth Date |
1940-08-06 |
|
Position Description |
Director |
|
Address |
85 FRILINGLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
ROBERT TACHE |
|
Birth Date |
1955-02-03 |
|
Position Description |
Director |
|
Address |
34 CHARLOTTALEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
JACQUES TACHE |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
34 PETER BENOITSTRAAT ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
JEAN JACQUES TACHE |
|
Birth Date |
1974-09-15 |
|
Position Description |
Director |
|
Address |
72 ACACIALAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
LOUIS STELMAN |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
32 HENRILEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
ANNE FORTUNEE TACHE |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
32 BERKENLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2015-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
|
UK Pound |
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.65.48 |
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.