MIRA INFORM REPORT
|
Report Date : |
14.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROGER VANDEN BERGHE NV |
|
|
|
|
Registered Office : |
10, Barmbeekstraat, Beveren (Leie) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
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Date of Incorporation : |
13.12.1971 |
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|
|
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Com. Reg. No.: |
411905946 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Manufacturer of carpets and rugs |
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 |
|
Maximum Credit Limit : |
(€) 1,700,000 |
|
Status : |
Very 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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
company details |
|
|
Company Number |
411905946 |
|
Name |
ROGER VANDEN BERGHE NV |
|
Address |
10, BARMBEEKSTRAAT, BEVEREN (LEIE) |
|
Post Code |
|
|
Telephone Number |
056735711 |
|
Fax Number |
056712366 |
|
Establishment Date |
13-12-1971 |
|
Company Status |
ACTIVE |
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Company Type |
Limited company |
|
Number of Employees |
195 |
|
Activity Description |
Manufacture of carpets and rugs |
|
Activity Code |
13930 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
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Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
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Contractor Details |
|
|
Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
161444 |
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Event Description |
Reappointment commissioner |
|
Limit |
|
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Credit Information |
|
|
Credit Limit (€) |
1,700,000 |
|
Purchase Limit (€) |
11,100,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
169,842 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
91.22 |
|
Day Sales Outstanding |
131.97 |
|
Industry Comparison |
|
|
Activity Code |
1393 |
|
Activity Description |
Manufacture of carpets and rugs |
|
Industry Average Day Sales Outstanding |
110.87 |
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Industry Average Payment Expectation Days |
80.34 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.92 |
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Payment
Expectations - Median |
72.24 |
|
Payment
Expectations - Upper |
108.86 |
|
|
|
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Day Sales
Outstanding - Lower |
32.80 |
|
Day Sales
Outstanding - Median |
53.63 |
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Day Sales Outstanding
- Upper |
86.32 |
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Company
Shareholder Holding |
|
|
Shareholder Detail |
|
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Company Number |
479026085 |
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Company Name |
VANDEN BERGHE INVEST NV |
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Address |
BARMBEEKSTRAAT 10, BEVEREN (LEIE) |
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Postal Code |
8791 |
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Country |
|
|
Share Percentage |
90.52 |
|
Annual Accounts Date |
01-12-2009 |
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Shareholder Detail |
|
|
Company Number |
424189512 |
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Company Name |
TRASSALD NV |
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Address |
BARMBEEKSTRAAT 10, BEVEREN (LEIE) |
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Postal Code |
8791 |
|
Country |
|
|
Share Percentage |
9.46 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
424189512 |
|
Company Name |
TRASSALD NV |
|
Address |
BARMBEEKSTRAAT 10, BEVEREN (LEIE) |
|
Postal Code |
8791 |
|
Country |
|
|
Share Percentage |
99.97 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
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Company Name |
|
|
Address |
, |
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Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
44,452,544 |
51,486,331 |
64,788,916 |
|
Total Operating Expenses |
43,448,480 |
59,423,362 |
62,426,584 |
|
Operating Result |
1,004,064 |
-7,937,031 |
2,362,332 |
|
Total Financial Income |
2,411,874 |
9,237,737 |
1,695,952 |
|
Total Financial Expenses |
2,979,067 |
5,609,778 |
4,024,249 |
|
Results on Ordinary Operations Before Tax |
413,653 |
-7,824,281 |
34,034 |
|
Taxation |
78,046 |
63,286 |
126,839 |
|
Results on Ordinary Operations After Tax |
335,607 |
-7,887,567 |
-92,805 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
452,546 |
-7,760,996 |
46,590 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
7,645,051 |
9,399,578 |
10,191,348 |
|
- Wages & Salaries |
4,872,620 |
6,123,544 |
6,824,447 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
2,662,175 |
3,107,825 |
3,204,928 |
|
- Other Employee Costs |
110,256 |
168,209 |
161,973 |
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Amortization & Depreciation |
3,862,316 |
4,685,282 |
3,751,971 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
69,783 |
74,064 |
86,850 |
|
Tangible Fixed Assets |
8,581,588 |
12,034,593 |
15,477,017 |
|
- Land And Buildings |
942,165 |
1,107,217 |
1,247,998 |
|
- Plant And Machinery |
5,237,061 |
8,175,963 |
2,409,340 |
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- Other Tangible Assets |
2,402,362 |
2,751,413 |
11,819,679 |
|
Financial Fixed Assets |
904,853 |
933,475 |
904,047 |
|
Total Fixed Assets |
9,556,224 |
13,042,132 |
16,467,914 |
|
Inventories |
14,372,374 |
13,760,991 |
12,884,624 |
|
- Raw Materials & Consumables |
6,428,553 |
6,312,473 |
7,754,229 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
7,727,809 |
7,237,800 |
4,851,073 |
|
- Other Stocks |
216,012 |
210,718 |
279,322 |
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Trade Debtors |
16,072,462 |
16,876,839 |
22,087,276 |
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Cash |
235,150 |
833,779 |
529,056 |
|
- Miscellaneous Current Assets |
160,086 |
39,167 |
0 |
|
Total Current Assets |
31,675,989 |
32,471,478 |
37,159,856 |
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Current Liabilities |
|||
|
- Trade Creditors |
10,858,455 |
11,569,856 |
14,833,877 |
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- Short Term Group Loans |
2,448,302 |
1,365,071 |
5,383,784 |
|
- Other Short Term Loans |
13,107,439 |
15,359,035 |
11,845,288 |
|
- Miscellaneous Current Liabilities |
-2,146,247 |
-1,245,975 |
-3,974,683 |
|
Total Current Liabilities |
24,267,949 |
27,047,987 |
28,088,266 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
603,664 |
0 |
0 |
|
- Other Long Term Loans |
7,779,918 |
9,454,292 |
9,537,139 |
|
- Other Long Term Liabilities |
474,986 |
1,358,180 |
588,220 |
|
Total Long Term Debts |
8,858,568 |
10,812,472 |
10,125,359 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
7,105,696 |
6,653,150 |
14,414,146 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
8,105,696 |
7,653,150 |
15,414,146 |
|
|
|||
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Working Capital |
7,408,040 |
5,423,491 |
9,071,590 |
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Net Worth |
8,035,913 |
7,579,086 |
15,327,296 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.93 |
-15.20 |
0.05 |
|
Return On Capital Employed |
2.44 |
-42.37 |
0.13 |
|
Return On Total Assets Employed |
1 |
-17.19 |
0.06 |
|
Return On Net Assets Employed |
5.58 |
-144.27 |
0.38 |
|
Sales / Net Working Capital |
6 |
9.49 |
7.14 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
32.33 |
26.73 |
19.89 |
|
Debtor Days |
131.97 |
119.64 |
124.43 |
|
Creditor Days |
91.22 |
71.07 |
86.73 |
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Short Term Stability |
|||
|
Current Ratio |
1.31 |
1.20 |
1.32 |
|
Liquidity Ratio / Acid Ratio |
0.71 |
0.69 |
0.86 |
|
Current Debt Ratio |
2.99 |
3.53 |
1.82 |
|
Long Term Stability |
|||
|
Gearing |
295.34 |
342.06 |
173.65 |
|
Equity In Percentage |
0.20 |
0.17 |
0.29 |
|
Total Debt Ratio |
2.95 |
3.42 |
1.74 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
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Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
|
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
|
|
-- |
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Directors |
|
|
Company Director |
|
|
Full Name |
KOEN VANDEN BERGHE |
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Birth Date |
1964-01-11 |
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Position Description |
Director |
|
Address |
59 RUIFELEINDE WAREGEM (BEVEREN) |
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Country |
-- |
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Postal Code |
8791 |
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Birth Date |
2013-01-01 |
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Company Director |
|
|
Full Name |
BERT VANDEN BERGHE |
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Birth Date |
1965-10-22 |
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Position Description |
Director |
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Address |
4 APPELHOEKSTRAAT ZINGEM |
|
Country |
-- |
|
Postal Code |
9750 |
|
Birth Date |
2013-01-01 |
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Company Director |
|
|
Full Name |
VANDEN BERGHE INVEST NV |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
10 BARMBEEKSTRAAT BEVEREN (LEIE) |
|
Country |
-- |
|
Postal Code |
8791 |
|
Birth Date |
2013-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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 |
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.