MIRA INFORM REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
BEAULIEU CHEMICALS NV |
|
|
|
|
Registered Office : |
2, Ooigemstraat, Wielsbeke 9100 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
28.08.1984 |
|
|
|
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Com. Reg. No.: |
426510681 |
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|
|
|
Legal Form : |
Limited Company |
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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 : |
(€) 305,000 |
|
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 |
426510681 |
|
Name |
|
|
Address |
2, OOIGEMSTRAAT, WIELSBEKE |
|
Post Code |
9100 |
|
Telephone Number |
053807730 |
|
Fax Number |
053807800 |
|
Establishment Date |
28-08-1984 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
12 |
|
Activity Description |
Wholesale of household textiles and bedding |
|
Activity Code |
46412 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
INDSUTRIEPARK-NOORD |
|
House Number |
5 |
|
City |
SINT-NIKLAAS |
|
Postal Code |
9100 |
|
Trade Registered Number |
41878 |
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Trade Registered Entry Date |
01-12-1984 |
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Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
120722 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
305,000 |
|
Purchase Limit (€) |
2,100,000 |
|
Industry Comparison |
|
|
Industry Average Credit Rating |
63.80 |
|
Industry Average Credit Limit (€) |
24,778 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
63.59 |
|
Day Sales Outstanding |
75.04 |
|
Industry Comparison |
|
|
Activity Code |
4641 |
|
Activity Description |
Wholesale of textiles |
|
Industry Average Day Sales Outstanding |
88.68 |
|
Industry Average Payment Expectation Days |
73.42 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
15.30 |
|
Payment Expectations - Median |
53.69 |
|
Payment Expectations - Upper |
111.19 |
|
|
|
|
Day Sales Outstanding - Lower |
16.91 |
|
Day Sales Outstanding - Median |
39.42 |
|
Day Sales Outstanding - Upper |
88.86 |
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Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
442824497 |
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Company Name |
BEAULIEU INTERNATIONAL GROUP NV |
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Address |
HOLSTRAAT 59, WAREGEM |
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Postal Code |
8790 |
|
Country |
|
|
Share Percentage |
100 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
415327571 |
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Company Name |
IDEAL FLOORCOVERINGS WIELSBEKE NV |
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Address |
BOFFONSTRAAT 3, WIELSBEKE |
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Postal Code |
8710 |
|
Country |
|
|
Share Percentage |
1.16 |
|
Annual Accounts Date |
01-12-2008 |
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 |
8,234,841 |
7,782,728 |
9,457,818 |
|
Total Operating Expenses |
7,556,758 |
7,881,881 |
8,760,100 |
|
Operating Result |
678,083 |
-99,153 |
697,718 |
|
Total Financial Income |
52,440 |
96,141 |
328,090 |
|
Total Financial Expenses |
340 |
5,258 |
9,302 |
|
Results on Ordinary Operations Before Tax |
716,807 |
-48,277 |
858,647 |
|
Taxation |
385,065 |
168,711 |
167,664 |
|
Results on Ordinary Operations After Tax |
331,742 |
-216,988 |
690,983 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
645,239 |
75,704 |
717,599 |
|
Other Information |
|||
|
Dividends |
600,000 |
240,000 |
480,000 |
|
Director Remuneration |
350,000 |
120,000 |
275,000 |
|
Employee Costs |
578,664 |
489,083 |
533,800 |
|
- Wages & Salaries |
384,717 |
331,815 |
384,062 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
142,074 |
109,886 |
107,338 |
|
- Other Employee Costs |
51,873 |
47,382 |
42,400 |
|
Amortization & Depreciation |
591,473 |
518,018 |
63,505 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
237,500 |
0 |
0 |
|
Tangible Fixed Assets |
1,741,287 |
2,320,260 |
524,016 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
1,741,272 |
2,319,985 |
90,687 |
|
- Other Tangible Assets |
15 |
275 |
433,329 |
|
Financial Fixed Assets |
45 |
45 |
45 |
|
Total Fixed Assets |
1,978,832 |
2,320,305 |
524,061 |
|
Inventories |
2,093,155 |
1,484,937 |
1,998,403 |
|
- Raw Materials & Consumables |
24,230 |
33,981 |
59,584 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
2,068,925 |
1,450,956 |
1,938,819 |
|
- Other Stocks |
0 |
0 |
0 |
|
Trade Debtors |
1,692,945 |
1,203,540 |
1,405,461 |
|
Cash |
1,120,920 |
1,431,070 |
3,881,464 |
|
- Miscellaneous Current Assets |
156,669 |
9,980 |
116,167 |
|
Total Current Assets |
5,088,892 |
4,258,450 |
7,479,784 |
|
Current Liabilities |
|||
|
- Trade Creditors |
1,316,510 |
1,292,600 |
1,911,849 |
|
- Short Term Group Loans |
516,787 |
231,529 |
304,670 |
|
- Other Short Term Loans |
0 |
0 |
0 |
|
- Miscellaneous Current Liabilities |
783,660 |
228,974 |
531,063 |
|
Total Current Liabilities |
2,616,957 |
1,753,103 |
2,747,582 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
0 |
|
- Other Long Term Liabilities |
382,166 |
452,288 |
598,603 |
|
Total Long Term Debts |
382,166 |
452,288 |
598,603 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
2,910,000 |
2,910,000 |
2,910,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,158,601 |
1,463,363 |
1,747,659 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
4,068,601 |
4,373,363 |
4,657,659 |
|
|
|||
|
Working Capital |
2,471,935 |
2,505,347 |
4,732,202 |
|
Net Worth |
3,831,101 |
4,373,363 |
4,657,659 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
8.70 |
-0.62 |
9.08 |
|
Return On Capital Employed |
16.11 |
-1 |
16.34 |
|
Return On Total Assets Employed |
10.14 |
-0.73 |
10.73 |
|
Return On Net Assets Employed |
29 |
-1.93 |
18.14 |
|
Sales / Net Working Capital |
3.33 |
3.11 |
2 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
25.42 |
19.08 |
21.13 |
|
Debtor Days |
75.04 |
56.44 |
54.24 |
|
Creditor Days |
63.59 |
59.86 |
79.66 |
|
Short Term Stability |
|||
|
Current Ratio |
1.94 |
2.43 |
2.72 |
|
Liquidity Ratio / Acid Ratio |
1.14 |
1.58 |
1.99 |
|
Current Debt Ratio |
0.64 |
0.40 |
0.59 |
|
Long Term Stability |
|||
|
Gearing |
12.70 |
5.29 |
6.54 |
|
Equity In Percentage |
0.60 |
0.66 |
0.58 |
|
Total Debt Ratio |
0.13 |
0.05 |
0.07 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
|
Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of Drawer |
-- |
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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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Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
DIRK DEES |
|
Birth Date |
1954-11-27 |
|
Position Description |
Director |
|
Address |
75 BIJLOKESTRAAT DESTELBERGEN |
|
Country |
-- |
|
Postal Code |
9070 |
|
Birth Date |
2011-01-01 |
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Company Director |
|
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Full Name |
LUC SPEECKE |
|
Birth Date |
1960-11-05 |
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Position Description |
Director |
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Address |
67 OOIGEMSTRAAT WIELSBEKE |
|
Country |
-- |
|
Postal Code |
8710 |
|
Birth Date |
2011-01-01 |
|
Company Director |
|
|
Full Name |
BEAULIEU INTERNATIONAL GROUP NV |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
59 HOLSTRAAT WAREGEM |
|
Country |
-- |
|
Postal Code |
8790 |
|
Birth Date |
2011-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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.