MIRA INFORM REPORT
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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
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Name : |
LAMIFIL |
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Registered Office : |
Frederik Sheidlaan, Hemiksem,
2620 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1981 |
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Com. Reg. No.: |
422050265 |
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Legal Form : |
Private Independent |
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Line of Business : |
Production of aluminium alloy wire products specialising
in wire rods, drawn wire etc. |
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No. of Employees : |
217 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Belgium |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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Off-credit |
D |
Company name and address
Lamifil
Frederik Sheidlaan,
Hemiksem, 2620
Belgium
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Tel: |
03 870 06 12 |
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Fax: |
03 887 80 59 |
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Employees: |
217 |
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Company Type: |
Private Independent |
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Incorporation Date: |
1981 |
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Fiscal Year End: |
31-Dec-2011 |
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Reporting Currency: |
Euro |
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Annual Sales: |
178.5 1 |
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Total Assets: |
68.9 |
Business Description
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Production of aluminium alloy
wire products specialising in wire rods, drawn wire, sector shaped wire,
overhead line conductor, railway electrification and special copper alloy
wire |
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Industry |
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Industry |
Miscellaneous
Fabricated Products |
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ANZSIC
2006: |
2142
- Aluminium Rolling, Drawing, Extruding |
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NACE
2002: |
2742
- Aluminium production |
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NAICS
2002: |
331319
- Other Aluminum Rolling and Drawing |
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UK
SIC 2003: |
2742
- Aluminium production |
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US SIC
1987: |
3355
- Aluminum Rolling and Drawing, Not Elsewhere Classified |
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Registered No.(VAT)
422050265
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period
Length |
52
Weeks |
52
Weeks |
52
Weeks |
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Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Turnover |
178.5 |
167.0 |
125.7 |
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Increase or Decrease in Stocks of
Finished Goods, and Orders in Progress |
0.8 |
0.5 |
-1.1 |
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Immobilized Production |
0.1 |
0.0 |
0.2 |
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Other Operating Income |
1.3 |
1.0 |
1.2 |
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Operating Income |
180.7 |
168.6 |
126.0 |
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Purchases |
143.2 |
127.0 |
83.1 |
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Increase
or Decrease in Stocks |
-7.2 |
-3.5 |
0.7 |
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Raw Materials, Consumables, and
Goods for Release |
136.0 |
123.5 |
83.8 |
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Services and Sundry Goods |
15.1 |
14.8 |
12.7 |
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Remuneration, Social Security
Charges, and Pensions |
18.8 |
18.8 |
18.1 |
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Depreciation of and Other Amounts
Written Off of Formation Expense, Intangible and Tangible Fixed Assets |
3.7 |
3.1 |
3.3 |
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Increase or Decrease in Amounts Written
Off Stocks, Orders, and Trade Debtors |
-1.1 |
1.2 |
0.4 |
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Provisions for Liabilities and
Charges |
-0.2 |
0.0 |
1.4 |
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Other Operating Charges |
0.6 |
0.6 |
0.6 |
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Operating Charges |
173.0 |
161.9 |
120.2 |
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Income From Financial Fixed Assets |
0.0 |
- |
0.0 |
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Income From Current Assets |
0.0 |
0.0 |
0.0 |
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Other Financial Income |
0.0 |
0.0 |
0.0 |
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Financial Income |
0.0 |
0.0 |
0.1 |
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Interest and Other Debt Charges |
0.3 |
0.4 |
0.6 |
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Other Financial Charges |
0.2 |
0.1 |
0.1 |
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Financial Charges |
0.5 |
0.5 |
0.7 |
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Income Taxes |
0.2 |
- |
- |
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Income Taxes |
0.2 |
- |
- |
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Return on
Capital |
1.0 |
0.9 |
0.9 |
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Profit to be Distributed |
1.0 |
0.9 |
0.9 |
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Employees |
217 |
228 |
224 |
Annual Balance Sheet
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Financials
in: USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Land &
Buildings |
2.2 |
2.3 |
2.6 |
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Plant,
Machinery, and Equipment |
3.1 |
3.6 |
4.1 |
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Furniture
and Vehicles |
0.7 |
0.5 |
0.6 |
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Leasing and
Other Similar Rights |
3.4 |
3.3 |
5.1 |
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Assets
Under Construction and Advance Payments |
0.6 |
1.5 |
0.5 |
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Tangible Assets |
10.1 |
11.2 |
12.9 |
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Participating
Interests |
3.4 |
- |
- |
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Amounts
Receivable |
0.6 |
- |
- |
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Affiliated
Enterprises |
4.0 |
- |
- |
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Amounts
Receivable and Cash Guarantees |
0.1 |
0.0 |
0.0 |
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Other
Capital Assets |
0.1 |
0.0 |
0.0 |
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Capital Assets |
4.1 |
0.0 |
0.0 |
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Fixed Assets |
14.1 |
11.2 |
12.9 |
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Raw
Materials and Consumables |
25.5 |
19.4 |
17.1 |
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Work in
Progress |
3.5 |
2.8 |
2.5 |
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Stocks |
29.0 |
22.2 |
19.6 |
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Inventory and Orders in Progress |
29.0 |
22.2 |
19.6 |
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Trade
Debtors |
17.1 |
19.6 |
13.4 |
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Other
Amounts Receivable |
2.0 |
2.1 |
1.9 |
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Amounts Receivable Within One Year |
19.2 |
21.7 |
15.3 |
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Liquid Assets |
6.5 |
5.4 |
9.9 |
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Adjustment Accounts |
0.2 |
0.3 |
0.1 |
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Current Assets |
54.8 |
49.6 |
44.9 |
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Total Assets |
68.9 |
60.8 |
57.8 |
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Issued
Capital |
5.8 |
6.0 |
6.4 |
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Capital |
5.8 |
6.0 |
6.4 |
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Legal
Reserve |
0.6 |
0.6 |
0.6 |
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Other |
0.5 |
0.6 |
0.6 |
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Reserves
Not Available for Distribution |
0.5 |
0.6 |
0.6 |
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Reserves |
1.1 |
1.2 |
1.2 |
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Pensions
and Similar Obligations |
2.2 |
2.7 |
2.7 |
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Major
Repairs and Maintenance |
0.2 |
0.3 |
0.2 |
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Other
Liabilities and Charges |
2.0 |
1.9 |
2.2 |
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Provisions
for Liabilities and Charges |
4.5 |
4.8 |
5.1 |
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Provisions and Deferred Taxes |
4.5 |
4.8 |
5.1 |
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Capital and Reserves |
31.5 |
26.7 |
22.8 |
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Leasing
and Other Similar Obligations |
2.1 |
2.7 |
3.7 |
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Financial
Debts |
2.1 |
2.7 |
3.7 |
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Amounts Due After More Than One Year |
2.1 |
2.7 |
3.7 |
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Current
Portion of Amounts Payable After More Than One Year |
1.4 |
1.3 |
1.4 |
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Suppliers |
11.0 |
14.8 |
13.9 |
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Trade
Debts |
11.0 |
14.8 |
13.9 |
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Advances
Received on Orders in Progress |
9.0 |
1.5 |
2.5 |
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Taxes |
1.9 |
1.8 |
1.9 |
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Remuneration
and Social Security |
2.9 |
3.4 |
3.2 |
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Taxes,
Wages, and Social Security |
4.8 |
5.2 |
5.1 |
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Other
Amounts Payable |
3.5 |
3.1 |
2.7 |
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Amounts Payable Within One Year |
29.7 |
26.0 |
25.6 |
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Adjustment Accounts |
1.2 |
0.7 |
0.6 |
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Creditors |
33.0 |
29.3 |
29.9 |
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Total Liabilities + Shareholders' Equity |
68.9 |
60.8 |
57.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
UK Pound |
1 |
Rs.86.74 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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.