MIRA
INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
VADECA NV |
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|
|
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Registered Office : |
24, Toekomstlaan, Schoten, 2970 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
27.09.1995 |
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Com. Reg. No.: |
456068066 |
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Legal Form : |
Limited company |
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|
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Line of Business : |
Wholesale of Household Textiles and Bedding |
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 : |
5,500 (€) |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
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|
Company Number |
456068066 |
|
Name |
VADECA NV |
|
Address |
24, TOEKOMSTLAAN, SCHOTEN |
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Post Code |
2970 |
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Telephone Number |
036446967 |
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Fax Number |
036446968 |
|
Establishment Date |
27-09-1995 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
0 |
|
Activity Description |
Wholesale of household textiles and bedding |
|
Activity Code |
46412 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
LIJSTERDREEF |
|
House Number |
2 |
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City |
SCHILDE |
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Postal Code |
2970 |
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Trade Registered Number |
312228 |
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Trade Registered Entry Date |
01-10-1995 |
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Contractor Details |
|
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Registration Number |
022000 |
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Contractor Description |
Carpenter- and joiningworks |
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Striking Off Date |
-- |
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Latest Event |
|
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Serial Number |
174022 |
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Event Description |
Reappointment |
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Rating and Limit |
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Credit Information |
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Today's Credit Limit (€) |
5,500 |
|
Today's Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Rating |
63.69 |
|
Industry Average Credit Limit (€) |
24,752 |
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Payment Expectations |
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Payment Expectations |
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Payment Expectation Days |
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Day Sales Outstanding |
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Industry Comparison |
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Activity Code |
4641 |
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Activity Description |
Wholesale of textiles |
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Industry Average Day Sales Outstanding |
88.68 |
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Industry Average Payment Expectation Days |
73.42 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
15.30 |
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Payment Expectations - Median |
53.69 |
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Payment Expectations - Upper |
111.19 |
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|
|
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Day Sales Outstanding - Lower |
16.91 |
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Day Sales Outstanding - Median |
39.42 |
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Day Sales Outstanding - Upper |
88.86 |
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Company Shareholder Holding |
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Company Accounts
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|||
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
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Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
- |
- |
- |
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Total Operating Expenses |
- |
- |
- |
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Operating Result |
-14,116 |
18,636 |
-4,161 |
|
Total Financial Income |
145 |
698 |
2,770 |
|
Total Financial Expenses |
14,082 |
17,471 |
9,989 |
|
Results on Ordinary Operations Before Tax |
-28,053 |
1,864 |
-11,380 |
|
Taxation |
- |
257 |
890 |
|
Results on Ordinary Operations After Tax |
-28,053 |
1,607 |
-12,270 |
|
Extraordinary Items |
2,000 |
-1,200 |
7,838 |
|
Net Result |
-26,053 |
406 |
-4,432 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
8,137 |
8,268 |
6,892 |
Balance Sheet
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|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
9,776 |
17,914 |
18,876 |
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- Land And Buildings |
0 |
0 |
0 |
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- Plant And Machinery |
3,375 |
5,225 |
1,561 |
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- Other Tangible Assets |
6,401 |
12,689 |
17,315 |
|
Financial Fixed Assets |
0 |
0 |
0 |
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Total Fixed Assets |
9,776 |
17,914 |
18,876 |
|
Inventories |
145,874 |
172,300 |
196,300 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
145,874 |
172,300 |
196,300 |
|
Trade Debtors |
21,607 |
53,084 |
64,558 |
|
Cash |
19,263 |
15,344 |
19,364 |
|
- Miscellaneous Current Assets |
-1 |
1,863 |
585 |
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Total Current Assets |
264,700 |
277,700 |
295,736 |
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Current Liabilities |
|||
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- Trade Creditors |
20,236 |
33,162 |
52,889 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
210,408 |
175,005 |
164,800 |
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- Miscellaneous Current Liabilities |
4,304 |
17,857 |
12,225 |
|
Total Current Liabilities |
234,948 |
226,024 |
229,914 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
4,905 |
8,913 |
24,428 |
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- Other Long Term Liabilities |
0 |
0 |
0 |
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Total Long Term Debts |
4,905 |
8,913 |
24,428 |
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Shareholders Equity |
|||
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- Issued Share Capital |
74,368 |
74,368 |
74,368 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
-39,745 |
-13,692 |
-14,098 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
34,623 |
60,676 |
60,270 |
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|||
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Working Capital |
29,752 |
51,676 |
65,822 |
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Net Worth |
34,623 |
60,676 |
60,270 |
Ratio Analysis
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
-70.97 |
2.68 |
-13.44 |
|
Return On Total Assets Employed |
-10.22 |
0.63 |
-3.62 |
|
Return On Net Assets Employed |
-94.29 |
3.61 |
-17.29 |
|
Sales / Net Working Capital |
- |
- |
- |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
- |
- |
- |
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Debtor Days |
- |
- |
- |
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Creditor Days |
- |
- |
- |
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Short Term Stability |
|||
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Current Ratio |
1.13 |
1.23 |
1.29 |
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Liquidity Ratio / Acid Ratio |
0.51 |
0.47 |
0.43 |
|
Current Debt Ratio |
6.79 |
3.73 |
3.81 |
|
Long Term Stability |
|||
|
Gearing |
621.88 |
303.11 |
313.97 |
|
Equity In Percentage |
0.13 |
0.21 |
0.19 |
|
Total Debt Ratio |
6.22 |
3.03 |
3.14 |
Company Court Data
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Protested Bills |
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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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|
-- |
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Directors |
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Company Director |
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Full Name |
JOSEPH MARIE THERESE VANDECASTEELE |
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Birth Date |
|
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Position Description |
Director |
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Address |
2 LIJSTERDREEF SCHILDE |
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Country |
-- |
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Postal Code |
2970 |
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Birth Date |
2014-01-01 |
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Company Director |
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Full Name |
MONIQUE JULIA DE VIJLDER |
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Birth Date |
|
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Position Description |
Director |
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Address |
2 LIJSTERDREEF SCHILDE |
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Country |
-- |
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Postal Code |
2970 |
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Birth Date |
2014-01-01 |
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Company Director |
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Full Name |
PHILIP VANDECASTEELE |
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Birth Date |
1962-11-26 |
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Position Description |
Managing director |
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Address |
2 LIJSTERDREEF SCHILDE |
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Country |
-- |
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Postal Code |
2970 |
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Birth Date |
2014-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
|
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.