MIRA INFORM REPORT

 

 

Report Date :           

15.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SADEL

 

 

Registered Office :

Venecoweg 35, Nazareth, 9810

 

 

Country :

Belgium

 

 

Financials (as on) :

30.09.2010

 

 

Year of Establishment :

1975

 

 

Com. Reg. No.:

415013213

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Business and Management Consultancy

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Belgium

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Sadel

Venecoweg 35

Nazareth, 9810

Belgium

Tel:       09 381 89 10

Fax:      09 380 18 42

 

 

Synthesis  

 

Employees:                  39

Company Type:            Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:            Financiere Debruyn

Incorporation Date:         1975   

Financials in:                 USD (Millions)

Fiscal Year End:            30-Sep-2010

Reporting Currency:       Euro

Annual Sales:               65.8  1

Total Assets:                38.5

 

 

Business Description     

 

Business and management consultancy nec

 

Industry

Industry            Business Services

ANZSIC 2006:    696 - Management and Related Consulting Services

NACE 2002:      7414 - Business and management consultancy activities

NAICS 2002:     541618 - Other Management Consulting Services

UK SIC 2003:    74149 - Business and management consultancy activities not elsewhere classified

US SIC 1987:    8748 - Business Consulting Services, Not Elsewhere Classified

 

           

Key Executives   

 

Name                                       Title    

Geert Blancke                           Administrator    

Johan Marcel Cyrille De Letter     Shareholders' Representative     

 

 

Registered No.(VAT): 415013213

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7402546

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7324934

 

 

Corporate Overview

 

Location

Venecoweg 35

Nazareth, 9810

Belgium

Tel:       09 381 89 10

Fax:      09 380 18 42

           

Sales EUR(mil):             48.7

Assets EUR(mil):           28.2

Employees:                   39

Fiscal Year End:            30-Sep-2010

Industry:                        Business Services

Incorporation Date:         1975

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(VAT):     415013213

Administrator:                Geert Blancke

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

3299     -          Other Construction Services Not Elsewhere Classified

3322     -          Metal and Mineral Wholesaling

696       -          Management and Related Consulting Services

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

7414     -          Business and management consultancy activities

4534     -          Other building installation

 

NAICS 2002 Codes:

541618  -          Other Management Consulting Services

2389     -          Other Specialty Trade Contractors

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

 

US SIC 1987:

1799     -          Special Trade Contractors, Not Elsewhere Classified

505       -          Metals and Minerals, Except Petroleum

8748     -          Business Consulting Services, Not Elsewhere Classified

 

UK SIC 2003:

4534     -          Other building installation

74149   -          Business and management consultancy activities not elsewhere classified

5152     -          Wholesale of metals and ores

 

Business Description

Business and management consultancy nec

 

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

48.7

Assets:

28.2

Current Assets:

26.6

 

Fixed Assets:

1.6

 

Total Liabilities:

28.2

 

Issued Capital:

0.3

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

30-Sep-2010

 

1 Year Growth

-32.4%

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

Sadel

Sadel 
Total Corporate Family Members: 3 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Financiere Debruyn

Parent

 

 

 

 

 

 

Sadel

Subsidiary

Nazareth

Belgium

Business Services

65.8

39

 

Entreprises Debruyn Et Cie

Subsidiary

Bassilly

Belgium

Trucking

0.0

9

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Geert Blancke

 

Administrator

Administration Executive

 

Johan Marcel Cyrille De Letter

 

Shareholders' Representative

Shareholder Relations Executive

 

Annual Profit & Loss

 

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.740255

0.73971

0.666382

Consolidated

No

No

No

 

 

 

 

    Turnover

65.8

56.7

93.1

    Other Operating Income

0.3

0.3

0.4

Operating Income

66.1

57.1

93.5

        Purchases

58.0

43.5

80.0

        Increase or Decrease in Stocks

-2.3

1.8

3.8

    Raw Materials, Consumables, and Goods for Release

55.7

45.3

83.8

    Services and Sundry Goods

4.3

3.6

5.2

    Remuneration, Social Security Charges, and Pensions

2.5

2.6

2.9

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.3

0.3

0.3

    Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors

0.1

-

0.0

    Provisions for Liabilities and Charges

-1.0

0.0

0.0

    Other Operating Charges

0.1

0.1

0.1

Operating Charges

62.0

51.8

92.4

    Income From Current Assets

0.4

0.3

0.1

    Other Financial Income

1.3

0.2

0.3

Financial Income

1.6

0.5

0.4

    Interest and Other Debt Charges

0.1

0.1

0.4

    Other Financial Charges

0.7

0.3

0.3

Financial Charges

0.8

0.4

0.7

    Other Extraordinary Income

0.0

-

0.0

Extraordinary Income

0.0

-

0.0

    Other Extraordinary Charges

0.0

0.0

-

Extraordinary Charges

0.0

0.0

-

    Transfer from Differed Taxes

0.0

0.0

-

    Transfer to Differed Taxes

-

-

0.0

    Income Taxes

1.2

1.5

0.1

    Adjustment of Income Taxes and Write-Back of Tax Provisions

0.0

0.0

-

Income Taxes

1.2

1.5

0.1

    Transfer from Untaxed Reserves

0.0

0.0

-

    Transfer to Untaxed Reserves

-

-

0.0

        To Other Reserves

3.7

3.8

0.7

    Transfers to Capital and Reserves

3.7

3.8

0.7

    Employees

39

42

45

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.732493

0.684135

0.711921

Consolidated

No

No

No

 

 

 

 

    Intangible Assets

0.0

0.0

0.0

        Land & Buildings

1.9

2.1

2.2

        Plant, Machinery, and Equipment

0.1

0.1

0.1

        Furniture and Vehicles

0.1

0.1

0.1

    Tangible Assets

2.1

2.4

2.4

        Participating Interests

0.1

0.1

0.1

        Affiliated Enterprises

0.1

0.1

0.1

        Shares

0.0

0.0

0.0

        Amounts Receivable and Cash Guarantees

0.1

0.1

0.3

        Other Capital Assets

0.1

0.1

0.3

    Capital Assets

0.1

0.2

0.3

Fixed Assets

2.2

2.6

2.8

        Goods Purchased for Resale

7.9

6.0

7.7

        Stocks

7.9

6.0

7.7

    Inventory and Orders in Progress

7.9

6.0

7.7

        Trade Debtors

17.5

15.5

18.6

        Other Amounts Receivable

0.1

0.3

1.4

    Amounts Receivable Within One Year

17.6

15.8

19.9

        Other Investments and Deposits

8.9

7.8

-

    Investments

8.9

7.8

-

    Liquid Assets

1.8

2.4

1.1

    Adjustment Accounts

0.1

0.0

0.0

Current Assets

36.3

32.1

28.8

Total Assets

38.5

34.7

31.5

        Issued Capital

0.3

0.4

0.4

    Capital

0.3

0.4

0.4

        Legal Reserve

0.0

0.0

0.0

        Untaxed Reserves

0.0

0.0

0.0

        Reserves Available for Distribution

25.2

22.9

18.1

    Reserves

25.2

23.0

18.2

        Other Liabilities and Charges

0.0

1.1

1.1

        Provisions for Liabilities and Charges

0.0

1.1

1.1

        Deferred Taxation

0.0

0.0

0.0

    Provisions and Deferred Taxes

0.1

1.2

1.1

Capital and Reserves

25.6

23.4

18.5

        Credit Institutions

0.3

0.4

0.5

        Financial Debts

0.3

0.4

0.5

    Amounts Due After More Than One Year

0.3

0.4

0.5

        Current Portion of Amounts Payable After More Than One Year

0.1

0.1

0.1

        Credit Institutions

5.7

0.0

-

        Financial Debts

5.7

0.0

-

        Suppliers

5.7

8.2

6.4

        Trade Debts

5.7

8.2

6.4

        Taxes

0.7

1.0

0.9

        Remuneration and Social Security

0.4

0.4

0.4

        Taxes, Wages, and Social Security

1.0

1.4

1.3

        Other Amounts Payable

-

-

3.5

    Amounts Payable Within One Year

12.5

9.7

11.3

    Adjustment Accounts

0.0

0.0

0.0

Creditors

12.8

10.2

11.9

Total Liabilities + Shareholders' Equity

38.5

34.7

31.5

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.