MIRA
INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
DARCOPACK NV |
|
|
|
|
Registered Office : |
1, 'T Lindeke, Ledegem 8500 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
10.03.1994 |
|
|
|
|
Com. Reg. No.: |
452359894 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Non-specialised wholesale trade |
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 : |
(€) 85,000 |
|
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 |
452359894 |
|
Name |
|
|
Address |
1, 'T LINDEKE, LEDEGEM |
|
Post Code |
8500 |
|
Telephone Number |
056427650 |
|
Fax Number |
056403520 |
|
Establishment Date |
10-03-1994 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
3 |
|
Activity Description |
Non-specialised wholesale trade |
|
Activity Code |
46900 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HOUTMARKT |
|
House Number |
9 |
|
City |
KORTRIJK |
|
Postal Code |
8500 |
|
Trade Registered Number |
80446 |
|
Trade Registered Entry Date |
01-08-1994 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
367 |
|
Event Description |
Transfer of registered office |
Rating and Limit
|
|
|
Credit Information |
|
|
Credit Limit (€) |
85,000 |
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Rating |
63.07 |
|
Industry Average Credit Limit (€) |
36,281 |
|
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 |
422533285 |
|
Company Name |
VATEX NV |
|
Address |
'T LINDEKE 1, LEDEGEM |
|
Postal Code |
8880 |
|
Country |
|
|
Share Percentage |
98.67 |
|
Annual Accounts Date |
01-06-2007 |
|
Shareholder Detail |
|
|
Company Number |
890414171 |
|
Company Name |
SCORACO BVBA |
|
Address |
HERMITAGELAAN 14, KORTRIJK |
|
Postal Code |
8510 |
|
Country |
|
|
Share Percentage |
98.67 |
|
Annual Accounts Date |
01-04-2010 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
|||
|
Period |
|||
|
Accounts End Date |
30-06-2010 |
30-06-2009 |
30-06-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
359,555 |
279,536 |
93,713 |
|
Total Financial Income |
51,680 |
62,058 |
80,457 |
|
Total Financial Expenses |
74,361 |
79,623 |
69,760 |
|
Results on Ordinary Operations Before Tax |
336,874 |
261,971 |
104,410 |
|
Taxation |
71,084 |
70,486 |
28,099 |
|
Results on Ordinary Operations After Tax |
265,790 |
191,485 |
76,311 |
|
Extraordinary Items |
0 |
0 |
2,808 |
|
Net Result |
265,790 |
191,485 |
79,120 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
85,000 |
20,000 |
- |
|
Employee Costs |
148,389 |
108,432 |
121,231 |
|
- Wages & Salaries |
111,692 |
80,936 |
91,374 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
33,446 |
25,150 |
26,082 |
|
- Other Employee Costs |
3,251 |
2,346 |
3,775 |
|
Amortization & Depreciation |
23,036 |
25,489 |
16,419 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
40,540 |
51,533 |
32,577 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
9,348 |
6,449 |
7,161 |
|
- Other Tangible Assets |
31,192 |
45,084 |
25,416 |
|
Financial Fixed Assets |
2,770 |
2,787 |
2,403 |
|
Total Fixed Assets |
43,310 |
54,320 |
34,980 |
|
Inventories |
1,199,700 |
1,016,228 |
1,036,014 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,199,700 |
1,016,228 |
1,036,014 |
|
Trade Debtors |
1,073,027 |
598,675 |
732,045 |
|
Cash |
108,303 |
72,023 |
20,406 |
|
- Miscellaneous Current Assets |
0 |
136 |
-1 |
|
Total Current Assets |
2,381,881 |
1,687,062 |
1,792,361 |
|
Current Liabilities |
|||
|
- Trade Creditors |
272,602 |
88,173 |
110,825 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
623,800 |
0 |
248,952 |
|
- Miscellaneous Current Liabilities |
269,845 |
261,558 |
232,707 |
|
Total Current Liabilities |
1,166,247 |
349,731 |
592,484 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
162,666 |
0 |
11,666 |
|
- Other Long Term Liabilities |
113 |
476,276 |
479,301 |
|
Total Long Term Debts |
162,779 |
476,276 |
490,967 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
62,000 |
62,000 |
62,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,034,165 |
853,375 |
681,890 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,096,165 |
915,375 |
743,890 |
|
|
|||
|
Working Capital |
1,215,634 |
1,337,331 |
1,199,877 |
|
Net Worth |
1,096,165 |
915,375 |
743,890 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
26.76 |
18.82 |
8.46 |
|
Return On Total Assets Employed |
13.89 |
15.04 |
5.71 |
|
Return On Net Assets Employed |
27.71 |
19.59 |
8.70 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
2.04 |
4.82 |
3.03 |
|
Liquidity Ratio / Acid Ratio |
1.01 |
1.92 |
1.28 |
|
Current Debt Ratio |
1.06 |
0.38 |
0.80 |
|
Long Term Stability |
|||
|
Gearing |
71.75 |
0 |
35.03 |
|
Equity In Percentage |
0.45 |
0.53 |
0.41 |
|
Total Debt Ratio |
0.72 |
0 |
0.35 |
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 |
|
|
FullName |
DIMITRI VANNESTE |
|
BirthDate |
|
|
Position Description |
Director |
|
Address |
6 GULDENBERGPLANTSOEN KORTRIJK |
|
Country |
-- |
|
PostalCode |
8500 |
|
BirthDate |
2012-01-01 |
|
Company Director |
|
|
FullName |
HELLEN VANDERBEKE |
|
BirthDate |
1982-03-31 |
|
Position Description |
Director |
|
Address |
14 HERMITAGELAAN KORTRIJK |
|
Country |
-- |
|
PostalCode |
8510 |
|
BirthDate |
2012-01-01 |
|
Company Director |
|
|
FullName |
SCORACO BVBA |
|
BirthDate |
|
|
Position Description |
Managing director |
|
Address |
14 HERMITAGELAAN KORTRIJK |
|
Country |
-- |
|
PostalCode |
8510 |
|
BirthDate |
2012-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
|
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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.