MIRA INFORM REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRAU BROS NV |
|
|
|
|
Registered Office : |
53, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
06.10.1992 |
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|
|
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Com. Reg. No.: |
448349341 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
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 |
|
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 |
448349341 |
|
Name |
|
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032313049 |
|
Fax Number |
032335766 |
|
Establishment Date |
06-10-1992 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
7 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
VESTINGSTRAAT |
|
House Number |
74 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
292351 |
|
Trade Registered Entry Date |
01-11-1992 |
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Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
187817 |
|
Event Description |
Change of articles of association |
|
Limit |
|
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Credit Information |
|
|
Purchase Limit (€) |
11,900,000 |
|
Industry Comparison |
|
|
Industry Average Credit Rating |
66.87 |
|
Industry Average Credit Limit (€) |
161,057 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
93.15 |
|
Day Sales Outstanding |
194.02 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.66 |
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Industry Average
Payment Expectation Days |
137 |
|
Industry
Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
|
|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
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 |
47,461,634 |
85,771,305 |
85,306,217 |
|
Total Operating Expenses |
46,500,751 |
83,926,254 |
83,525,024 |
|
Operating Result |
960,883 |
1,845,051 |
1,781,193 |
|
Total Financial Income |
28,773 |
45,005 |
4,382 |
|
Total Financial Expenses |
690,394 |
1,542,818 |
1,444,195 |
|
Results on Ordinary Operations Before Tax |
299,262 |
347,238 |
341,380 |
|
Taxation |
-28 |
28 |
-1,391 |
|
Results on Ordinary Operations After Tax |
299,290 |
347,210 |
342,771 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
299,290 |
347,210 |
342,771 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
262,444 |
343,607 |
488,432 |
|
- Wages & Salaries |
210,170 |
277,073 |
396,268 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
49,437 |
62,190 |
77,062 |
|
- Other Employee Costs |
2,837 |
4,344 |
15,102 |
|
Amortization & Depreciation |
62,729 |
56,945 |
132,819 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
1,072,980 |
1,078,109 |
1,063,283 |
|
- Land And Buildings |
965,155 |
981,747 |
1,014,396 |
|
- Plant And Machinery |
31,332 |
49,606 |
33,146 |
|
- Other Tangible Assets |
76,493 |
46,756 |
15,741 |
|
Financial Fixed Assets |
6,115,356 |
2,999,498 |
1,197,116 |
|
Total Fixed Assets |
7,188,336 |
4,077,607 |
2,260,399 |
|
Inventories |
17,070,006 |
21,585,573 |
15,177,474 |
|
- Raw Materials & Consumables |
4,453,964 |
12,691,935 |
6,449,957 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
12,616,042 |
8,893,638 |
8,727,517 |
|
Trade Debtors |
25,229,343 |
26,011,743 |
22,242,117 |
|
Cash |
1,637,775 |
143,175 |
203,081 |
|
- Miscellaneous Current Assets |
19,242 |
2,195 |
18,606 |
|
Total Current Assets |
43,977,497 |
47,765,794 |
37,663,649 |
|
Current Liabilities |
|||
|
- Trade Creditors |
11,867,809 |
16,158,819 |
9,703,159 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
21,030,058 |
23,438,749 |
18,308,697 |
|
- Miscellaneous Current Liabilities |
112,844 |
139,070 |
130,878 |
|
Total Current Liabilities |
33,010,711 |
39,736,638 |
28,142,734 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
673,224 |
704,033 |
748,064 |
|
- Other Long Term Liabilities |
2,807,217 |
43,047 |
20,777 |
|
Total Long Term Debts |
3,480,441 |
747,080 |
768,841 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
10,000,000 |
10,000,000 |
10,000,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,658,973 |
1,359,683 |
1,012,473 |
|
- Revaluation Reserve |
3,015,708 |
0 |
0 |
|
Total Shareholders Equity |
14,674,681 |
11,359,683 |
11,012,473 |
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|
|||
|
Working Capital |
10,966,786 |
8,029,156 |
9,520,915 |
|
Net Worth |
14,674,681 |
11,359,683 |
11,012,473 |
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Ratio Analysis |
|||
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Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.63 |
0.40 |
0.40 |
|
Return On Capital Employed |
1.65 |
2.87 |
2.90 |
|
Return On Total Assets Employed |
0.58 |
0.67 |
0.86 |
|
Return On Net Assets Employed |
2.73 |
4.32 |
3.59 |
|
Sales / Net Working Capital |
4.33 |
10.68 |
8.96 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
35.97 |
25.17 |
17.79 |
|
Debtor Days |
194.02 |
110.69 |
95.17 |
|
Creditor Days |
93.15 |
70.28 |
42.40 |
|
Short Term Stability |
|||
|
Current Ratio |
1.33 |
1.20 |
1.34 |
|
Liquidity Ratio / Acid Ratio |
0.82 |
0.66 |
0.80 |
|
Current Debt Ratio |
2.25 |
3.50 |
2.56 |
|
Long Term Stability |
|||
|
Gearing |
147.90 |
212.53 |
173.05 |
|
Equity In Percentage |
0.29 |
0.22 |
0.28 |
|
Total Debt Ratio |
1.48 |
2.13 |
1.73 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
|
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 |
-- |
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Directors |
|
|
Company Director |
|
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Full Name |
VIVIANE ESTELLE TRAU |
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Birth Date |
|
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Position Description |
Director |
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Address |
20 RUBENSLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
|
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Company Director |
|
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Full Name |
PHILIPPE EMMANUEL AMIEL |
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Birth Date |
1969-04-14 |
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Position Description |
Director |
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Address |
28 SINT-THOMASSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
|
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Company Director |
|
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Full Name |
LAURENT TRAU |
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Birth Date |
|
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Position Description |
Director |
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Address |
26 VAN EYCKLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
|
Birth Date |
|
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.