MIRA INFORM REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
JASACO NV |
|
|
|
|
Registered Office : |
10, Europaweg, Lummen 3290 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
01.12.1989 |
|
|
|
|
Com. Reg. No.: |
439067926 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of other household goods |
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 : |
(€) 70,000 |
|
Status : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
439067926 |
|
Name |
JASACO NV |
|
Address |
10, EUROPAWEG, LUMMEN |
|
Post Code |
3290 |
|
Telephone Number |
011450320 |
|
Fax Number |
011450330 |
|
Establishment Date |
01-12-1989 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
17 |
|
Activity Description |
Wholesale of other household goods, n.e.c. |
|
Activity Code |
46499 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
NIJVERHEIDSLAAN |
|
House Number |
33 |
|
City |
DIEST |
|
Postal Code |
3290 |
|
Trade Registered Number |
98321 |
|
Trade Registered Entry Date |
01-03-1998 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
176868 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
70,000 |
|
Purchase Limit (€) |
870,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
26,122 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
92.17 |
|
Day Sales Outstanding |
45.97 |
|
Industry Comparison |
|
|
Activity Code |
4649 |
|
Activity Description |
Wholesale of other household goods |
|
Industry Average Day Sales Outstanding |
78 |
|
Industry Average Payment Expectation Days |
71.76 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
18.87 |
|
Payment Expectations - Median |
49.37 |
|
Payment Expectations - Upper |
89.81 |
|
|
|
|
Day Sales Outstanding - Lower |
17.75 |
|
Day Sales Outstanding - Median |
41.19 |
|
Day Sales Outstanding - Upper |
82.61 |
|
Company Shareholder Holding |
|
Company Accounts
|
Period |
|||
|
Accounts End Date |
30-06-2010 |
30-06-2009 |
30-06-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
5,767,666 |
6,119,736 |
6,344,084 |
|
Total Operating Expenses |
5,347,660 |
5,796,406 |
6,539,360 |
|
Operating Result |
420,006 |
323,330 |
-195,276 |
|
Total Financial Income |
7,153 |
12,838 |
412,559 |
|
Total Financial Expenses |
126,327 |
163,482 |
194,212 |
|
Results on Ordinary Operations Before Tax |
300,833 |
172,686 |
23,071 |
|
Taxation |
65,842 |
- |
4,177 |
|
Results on Ordinary Operations After Tax |
234,991 |
172,686 |
18,894 |
|
Extraordinary Items |
2,500 |
-3,615 |
14,887 |
|
Net Result |
237,491 |
169,071 |
33,782 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
912,323 |
1,000,535 |
978,352 |
|
- Wages & Salaries |
713,830 |
735,473 |
771,567 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
175,242 |
247,354 |
194,360 |
|
- Other Employee Costs |
23,251 |
17,708 |
12,425 |
|
Amortization & Depreciation |
118,813 |
104,497 |
76,385 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
306,625 |
280,255 |
141,629 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
173,286 |
147,477 |
38,478 |
|
- Other Tangible Assets |
133,339 |
132,778 |
103,151 |
|
Financial Fixed Assets |
22,263 |
27,249 |
29,934 |
|
Total Fixed Assets |
328,888 |
307,504 |
171,563 |
|
Inventories |
3,273,143 |
2,670,473 |
2,484,187 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
3,273,143 |
2,670,473 |
2,484,187 |
|
Trade Debtors |
726,359 |
817,833 |
771,404 |
|
Cash |
73,681 |
54,223 |
75,254 |
|
- Miscellaneous Current Assets |
2,710 |
4,255 |
17,275 |
|
Total Current Assets |
4,161,174 |
3,662,244 |
3,438,246 |
|
Current Liabilities |
|||
|
- Trade Creditors |
1,350,377 |
848,026 |
695,275 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
49,358 |
272,773 |
318,357 |
|
- Miscellaneous Current Liabilities |
245,106 |
152,449 |
136,165 |
|
Total Current Liabilities |
1,644,841 |
1,273,248 |
1,149,797 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
3,909 |
28,588 |
19,626 |
|
- Other Long Term Liabilities |
4,192 |
68,283 |
9,827 |
|
Total Long Term Debts |
8,101 |
96,871 |
29,453 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
1,784,833 |
1,784,833 |
1,784,833 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,052,287 |
814,796 |
645,725 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
2,837,120 |
2,599,629 |
2,430,558 |
|
|
|||
|
Working Capital |
2,516,333 |
2,388,996 |
2,288,449 |
|
Net Worth |
2,837,120 |
2,599,629 |
2,430,558 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
5.22 |
2.82 |
0.36 |
|
Return On Capital Employed |
10.57 |
6.40 |
0.94 |
|
Return On Total Assets Employed |
6.70 |
4.35 |
0.64 |
|
Return On Net Assets Employed |
11.96 |
7.23 |
1.01 |
|
Sales / Net Working Capital |
2.29 |
2.56 |
2.77 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
56.75 |
43.64 |
39.16 |
|
Debtor Days |
45.97 |
48.78 |
44.38 |
|
Creditor Days |
92.17 |
53.40 |
38.81 |
|
Short Term Stability |
|||
|
Current Ratio |
2.53 |
2.88 |
2.99 |
|
Liquidity Ratio / Acid Ratio |
0.54 |
0.78 |
0.83 |
|
Current Debt Ratio |
0.58 |
0.49 |
0.47 |
|
Long Term Stability |
|||
|
Gearing |
1.88 |
11.59 |
13.91 |
|
Equity In Percentage |
0.63 |
0.65 |
0.67 |
|
Total Debt Ratio |
0.02 |
0.12 |
0.14 |
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 |
MARCEL JOZEF GUSTAAF JANSEN |
|
Birth Date |
1950-10-20 |
|
Position Description |
Managing director |
|
Address |
30 BUSSELBERGSTRAAT BERINGEN (PAAL) |
|
Country |
-- |
|
Postal Code |
3583 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
JASINVEST NV |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
10 EUROPAWEG LUMMEN |
|
Country |
-- |
|
Postal Code |
3560 |
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Birth Date |
|
|
Company Director |
|
|
Full Name |
POLYMOUSSE BVBA |
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Birth Date |
|
|
Position Description |
Director |
|
Address |
10 EUROPAWEG LUMMEN |
|
Country |
-- |
|
Postal Code |
3560 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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.