MIRA INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GLOBALTEX BVBA |
|
|
|
|
Registered Office : |
99, Stijn Streuvelsstraat, Waregem |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
26.10.2007 |
|
|
|
|
Com. Reg. No.: |
893201932 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of cordage, rope, twine and netting |
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 : |
(€) 320,000 |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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 |
893201932 |
|
Name |
|
|
Address |
99, STIJN STREUVELSSTRAAT, WAREGEM |
|
Post Code |
|
|
Telephone Number |
056282727 |
|
Fax Number |
056282726 |
|
Establishment Date |
26-10-2007 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
0 |
|
Activity Description |
Manufacture of cordage, rope, twine and netting |
|
Activity Code |
13940 |
|
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 |
26422 |
|
Event Description |
Change of representative of legal person |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
320,000 |
|
Purchase Limit (€) |
1,400,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
80,653 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
34.96 |
|
Day Sales Outstanding |
115.38 |
|
Industry Comparison |
|
|
Activity Code |
1394 |
|
Activity Description |
Manufacture of cordage, rope, twine and netting |
|
Industry Average
Day Sales Outstanding |
102.91 |
|
Industry Average
Payment Expectation Days |
51.29 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
|
|
Payment Expectations - Median |
|
|
Payment Expectations - Upper |
|
|
|
|
|
Day Sales Outstanding - Lower |
|
|
Day Sales Outstanding - Median |
|
|
Day Sales Outstanding - Upper |
|
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
896587628 |
|
Company Name |
EAST INVEST BVBA |
|
Address |
HENRI LEBBESTRAAT 190, WAREGEM |
|
Postal Code |
8790 |
|
Country |
|
|
Share Percentage |
15 |
|
Annual Accounts Date |
01-12-2009 |
|
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 |
|
Currency |
EUR |
EUR |
|
Weeks |
52 |
52 |
|
Profit & Loss |
||
|
Turnover |
14,203,559 |
9,022,145 |
|
Total Operating Expenses |
13,551,031 |
8,627,058 |
|
Operating Result |
652,528 |
395,087 |
|
Total Financial Income |
788,863 |
670,087 |
|
Total Financial Expenses |
985,592 |
873,316 |
|
Results on Ordinary Operations Before Tax |
455,799 |
191,857 |
|
Taxation |
153,552 |
65,743 |
|
Results on Ordinary Operations After Tax |
302,247 |
126,114 |
|
Extraordinary Items |
0 |
0 |
|
Net Result |
302,247 |
126,115 |
|
Other Information |
||
|
Dividends |
- |
- |
|
Director Remuneration |
- |
- |
|
Employee Costs |
0 |
0 |
|
- Wages & Salaries |
- |
- |
|
- Employee Pension Costs |
- |
- |
|
- Social Security Contributions |
- |
- |
|
- Other Employee Costs |
- |
- |
|
Amortization & Depreciation |
2,654 |
778 |
|
Balance Sheet |
||
|
Intangible Fixed Assets |
0 |
0 |
|
Tangible Fixed Assets |
8,971 |
2,878 |
|
- Land And Buildings |
0 |
0 |
|
- Plant And Machinery |
0 |
0 |
|
- Other Tangible Assets |
8,971 |
2,878 |
|
Financial Fixed Assets |
248,922 |
30,572 |
|
Total Fixed Assets |
257,893 |
33,450 |
|
Inventories |
386,556 |
983,218 |
|
- Raw Materials & Consumables |
0 |
0 |
|
- Work in Progress |
0 |
0 |
|
- Finished Goods |
0 |
0 |
|
- Other Stocks |
386,556 |
983,218 |
|
Trade Debtors |
4,490,048 |
3,705,293 |
|
Cash |
726,839 |
367,677 |
|
- Miscellaneous Current Assets |
2,175 |
1,312 |
|
Total Current Assets |
5,640,931 |
5,112,979 |
|
Current Liabilities |
||
|
- Trade Creditors |
1,297,908 |
1,116,777 |
|
- Short Term Group Loans |
0 |
0 |
|
- Other Short Term Loans |
3,866,033 |
3,650,850 |
|
- Miscellaneous Current Liabilities |
29,575 |
0 |
|
Total Current Liabilities |
5,193,516 |
4,767,627 |
|
Long Term Debts |
||
|
- Long Term Group Loans |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
|
- Other Long Term Liabilities |
226,947 |
202,687 |
|
Total Long Term Debts |
226,947 |
202,687 |
|
Shareholders Equity |
||
|
- Issued Share Capital |
50,000 |
50,000 |
|
- Share Premium Account |
0 |
0 |
|
- Reserves |
428,362 |
126,115 |
|
- Revaluation Reserve |
0 |
0 |
|
Total Shareholders Equity |
478,362 |
176,115 |
|
|
||
|
Working Capital |
447,415 |
345,352 |
|
Net Worth |
478,362 |
176,115 |
|
Ratio Analysis |
||
|
Trading Performance |
||
|
Results on Ordinary Operations Before Taxation Margin |
3.21 |
2.13 |
|
Return On Capital Employed |
64.62 |
50.65 |
|
Return On Total Assets Employed |
7.73 |
3.73 |
|
Return On Net Assets Employed |
101.87 |
55.55 |
|
Sales / Net Working Capital |
31.75 |
26.12 |
|
Operating Efficiency |
||
|
Stock Turnover Ratio |
2.72 |
10.90 |
|
Debtor Days |
115.38 |
149.90 |
|
Creditor Days |
34.96 |
47.25 |
|
Short Term Stability |
||
|
Current Ratio |
1.09 |
1.07 |
|
Liquidity Ratio / Acid Ratio |
1.01 |
0.87 |
|
Current Debt Ratio |
10.86 |
27.07 |
|
Long Term Stability |
||
|
Gearing |
808.18 |
2072.99 |
|
Equity In Percentage |
0.08 |
0.03 |
|
Total Debt Ratio |
8.08 |
20.73 |
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 |
MDM NV |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
190 HENRI LEBBESTRAAT WAREGEM |
|
Country |
-- |
|
Postal Code |
8790 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
SOLAR BVBA |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
190 HENRI LEBBESTRAAT WAREGEM |
|
Country |
-- |
|
Postal Code |
8790 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
UK Pound |
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
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.