MIRA INFORM REPORT   

 

 

Report Date :           

10.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MARS BELGIUM

 

 

Formerly Known As :

Masterfoods SA/NV

 

 

Registered Office :

Kleine Kloosterstraat 8, Sint-Stevens-Woluwe, 1932

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1977

 

 

Com. Reg. No.:

417521454

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Production of chocolate snacks, confectionery, rice, pasta sauces and pet food

 

 

No. of Employees :

306

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Mars Belgium

Kleine Kloosterstraat 8

Sint-Stevens-Woluwe, 1932

Belgium

Tel:       02 712 72 22

Fax:      02 721 49 32

 Web:   www.mars.be

 

Production Unit:

Industrielaan 7, 2250 Olen-BE, Fpps Code #211, Belgium

 

 

Synthesis     

 

Employees:                  306

Company Type:            Private Subsidiary

Corporate Family:          159 Companies

Ultimate Parent:             Mars Inc

Incorporation Date:         1977   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                370.4  1

Total Assets:                 249.2

 

 

Business Description     

 

Production of chocolate snacks, confectionery, rice, pasta sauces and pet food

 

Industry

Industry            Food Processing

ANZSIC 2006:    1182 - Confectionery Manufacturing

NACE 2002:      1584 - Manufacture of cocoa, chocolate and sugar confectionery

NAICS 2002:     311320 - Chocolate and Confectionery Manufacturing from Cacao Beans

UK SIC 2003:    15841 - Manufacture of cocoa and chocolate confectionery

US SIC 1987:    2066 - Chocolate and Cocoa Products

 

           


Key Executives   

 

Name

Title

Philippe-Henri de Frahan

General Manager

Claus Aagaard

Administrator

Filip Valere Corneel Lozie

Representative/Auditor

Karlien Desmet

Public Relations Manager

Stefaan Anthoons

Decision-maker

 

Registered No.(VAT): 417521454

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Kleine Kloosterstraat 8

Sint-Stevens-Woluwe, 1932

Belgium

Tel:       02 712 72 22

Fax:      02 721 49 32

Web:    www.mars.be

 

Production Unit:

Industrielaan 7, 2250 Olen-BE, Fpps Code #211, Belgium

 

           

Sales EUR(mil):             279.7

Assets EUR(mil):           185.7

Employees:                   306

Fiscal Year End:            31-Dec-2010

Industry:                        Food Processing

Incorporation Date:         1977

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Previous Name:             Masterfoods SA/NV

Registered No.(VAT):     417521454

General Manager:          Philippe-Henri de Frahan

 

Contents

·         Industry Codes

·         Business Description

·         Brand/Trade Names

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

1192     -          Prepared Animal and Bird Feed Manufacturing

1199     -          Other Food Product Manufacturing Not Elsewhere Classified

1140     -          Fruit and Vegetable Processing

1182     -          Confectionery Manufacturing

1161     -          Grain Mill Product Manufacturing

 

NACE 2002 Codes:

1561     -          Manufacture of grain mill products

1572     -          Manufacture of prepared pet foods

1533     -          Processing and preserving of fruit and vegetables not elsewhere classified

1584     -          Manufacture of cocoa, chocolate and sugar confectionery

1589     -          Manufacture of other food products not elsewhere classified

 

NAICS 2002 Codes:

311212  -          Rice Milling

311999  -          All Other Miscellaneous Food Manufacturing

311320  -          Chocolate and Confectionery Manufacturing from Cacao Beans

311421  -          Fruit and Vegetable Canning

311111  -          Dog and Cat Food Manufacturing

 

US SIC 1987:

2066     -          Chocolate and Cocoa Products

2033     -          Canned Fruits, Vegetables, Preserves, Jams, and Jellies

2044     -          Rice Milling

2099     -          Food Preparations, Not Elsewhere Classified

2047     -          Dog and Cat Food

 

UK SIC 2003:

1589     -          Manufacture of other food products not elsewhere classified

1533     -          Processing and preserving of fruit and vegetables not elsewhere classified

15612   -          Manufacture of breakfast cereals and cereals-based foods

15841   -          Manufacture of cocoa and chocolate confectionery

1572     -          Manufacture of prepared pet foods

 

Business Description

Non-specialised wholesale of food, beverages and tobacco

 

More Business Descriptions

Production of chocolate snacks, confectionery, rice, pasta sauces and pet food

 


Brand/Trade Names

 

Mars

Bounty

Twix

M&Ms

Snickers

Celebrations

Maltesers

Balisto

Milky Way

Suzi-Wan

Dolmio

Ebly

Uncle Ben's

Nutro

Perfect Fit

Catsan

Kit-e-Kat

Sheba

Whiskas

Greenies

Chappie

Frolic

Cesar

Pedigree

 

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

279.7

Assets:

185.7

Current Assets:

177.0

 

Fixed Assets:

8.8

 

Total Liabilities:

185.7

 

Issued Capital:

3.7

 

Net Worth:

3.7

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

Mars Inc
Mars Belgium

Mars Belgium 
Total Corporate Family Members: 159 
Excluded Small Branches and/or Trading Addresses: 20 (Available via export) 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Mars Inc

Parent

Mc Lean, VA

United States

Food Processing

20,000.0

40,500

Effem Holdings Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

3,775.6

4,506

Hoops Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

 

 

Food Manufacturers (G.B. Co.)

Subsidiary

Slough

United Kingdom

Commercial Banks

 

8

The Petcareco Ltd.

Subsidiary

Slough

United Kingdom

Business Services

3.2

74

Mars Horsecare Holdings Uk Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Horsecare UK Ltd.

Subsidiary

Milton Keynes

United Kingdom

Food Processing

29.1

84

Denton Morley Ltd.

Subsidiary

Slough

United Kingdom

Business Services

 

 

Seeds Of Change Ltd..

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Healthcare Trustees Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Investments

Subsidiary

Slough

United Kingdom

Business Services

 

 

Mars Nominees Ltd.

Subsidiary

Slough

United Kingdom

Business Services

 

 

Mars Petcare UK Holdings Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

 

 

Mars Slough UK Holdings Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

 

 

Mars Melton Uk Holdings Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

 

 

Mars Food UK Ltd.

Subsidiary

Kings Lynn

United Kingdom

Food Processing

338.2

220

Mars Chocolate Uk Holdings Ltd.

Subsidiary

Slough

United Kingdom

Commercial Banks

 

 

Mars Chocolate UK Ltd.

Subsidiary

Slough

United Kingdom

Food Processing

1,148.3

1,255

Mars Drinks UK Ltd.

Subsidiary

Basingstoke

United Kingdom

Food Processing

156.5

362

Mars Is Uk Ltd.

Subsidiary

Slough

United Kingdom

Business Services

 

 

Mars Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

4,402

Mars Australia

Subsidiary

Ballarat , VIC

Australia

Food Processing

1,078.9

2,305

Mars Petcare US, Incorporated

Subsidiary

Brentwood, TN

United States

Food Processing

991.6

2,202

Mars Petcare

Branch

Columbus, OH

United States

Food Processing

504.9

450

Mars Petcare

Branch

Joplin, MO

United States

Food Processing

245.7

219

Mars Petcare

Branch

Washington Ct Hs, OH

United States

Food Processing

125.7

112

Mars Petcare

Branch

Clinton, OK

United States

Food Processing

113.3

101

Mars Petcare

Branch

Orangeburg, SC

United States

Food Processing

112.2

100

Mars Petcare

Branch

Le Sueur, MN

United States

Food Processing

79.7

71

Mars Petcare

Branch

San Bernardino, CA

United States

Food Processing

69.6

62

Mars Petcare

Branch

Temple, TX

United States

Food Processing

67.3

60

Mars Petcare

Branch

Tracy, CA

United States

Food Processing

58.3

52

Mars Petcare

Subsidiary

Miami, OK

United States

Food Processing

56.1

50

Mars Petcare

Branch

Tomah, WI

United States

Food Processing

44.9

40

Mars Petcare

Branch

Manassas, VA

United States

Food Processing

39.3

35

Masterfoods

Subsidiary

St Denis De L Hotel

France

Food Processing

0.0

2,100

Mars Australia Pty Ltd

Subsidiary

Wodonga, VIC

Australia

Food Processing

1,010.4

1,900

Mars GmbH

Subsidiary

Verden

Germany

Food Processing

1,642.1

1,600

Sports & Nutrition Div-Mars

Division

Hackettstown, NJ

United States

Healthcare Facilities

181.5

1,500

MARS POLSKA Sp. z.o.o.

Subsidiary

Sochaczew

Poland

Food Processing

491.8

1,359

Masterfoods Veghel

Subsidiary

Veghel

Netherlands

Food Processing

1,389.1

1,151

Mars Chocolat France

Subsidiary

Haguenau

France

Food Processing

1,750.0

1,100

Mars Petcare

Subsidiary

Wodonga, VIC

Australia

Food Processing

250.3

1,000

Mars Pf France

Subsidiary

St Denis De L Hotel

France

Food Processing

968.0

856

Mars Magyarország Kisállateledel Gyártó Kft

Subsidiary

Csongrád

Hungary

Food Processing

265.6

763

Mars North America

Subsidiary

Hackettstown, NJ

United States

Food Processing

3,750.0

750

M & M Mars

Subsidiary

Cleveland, TN

United States

Food Processing

283.5

700

Masterfoods USA

Subsidiary

Vernon, CA

United States

Retail (Grocery)

168.0

680

Mars Snackfood US

Subsidiary

Waco, TX

United States

Retail (Grocery)

166.7

675

Mars Snackfood US

Branch

Elizabethtown, PA

United States

Retail (Grocery)

115.6

468

Masterfoods USA

Branch

Columbia, SC

United States

Retail (Grocery)

37.1

150

Masterfoods USA

Branch

Burr Ridge, IL

United States

Retail (Grocery)

29.6

120

Mars Snackfood US

Branch

Albany, GA

United States

Retail (Grocery)

24.7

100

Masterfoods USA

Branch

Rogers, AR

United States

Retail (Grocery)

14.1

57

Mars GmbH

Subsidiary

Viersen

Germany

Food Processing

 

600

Mars Austria OG

Subsidiary

Breitenbrunn

Austria

Food Processing

471.0

585

Mars Snackfood

Subsidiary

Ballarat, VIC

Australia

Food Processing

62.6

580

Wm. Wrigley Jr. Company

Subsidiary

Chicago, IL

United States

Food Processing

5,389.1

500

Wrigley France Snc

Subsidiary

Biesheim

France

Food Processing

521.3

766

Wrigley Manufacturing Co

Branch

Flowery Branch, GA

United States

Food Processing

283.5

725

Wrigley Uno UK Ltd.

Subsidiary

Plymouth

United Kingdom

Food Processing

340.4

490

Wrigley Co. Ltd.(The)

Subsidiary

Plymouth

United Kingdom

Food Processing

283.7

490

Wrigley Candy UK

Subsidiary

Melton Mowbray

United Kingdom

Food Processing

58.6

2,232

Mars GCC FZE

Subsidiary

Dubai

United Arab Emirates

Miscellaneous Capital Goods

 

200

Wrigley Co S.L

Subsidiary

Barcelona

Spain

Food Processing

134.4

468

Wrigley GmbH

Subsidiary

Unterhaching

Germany

Food Processing

479.4

420

Wrigley Sas

Subsidiary

Levallois Perret

France

Retail (Grocery)

 

 

Wrigley Manufacturing Co

Branch

Yorkville, IL

United States

Food Processing

156.4

400

Wrigley Philippines Inc

Subsidiary

Antipolo City

Philippines

Food Processing

66.2

350

Wrigley Co Pty Ltd, The

Subsidiary

Asquith, NSW

Australia

Food Processing

 

320

Wrigley Canada Inc

Subsidiary

North York, ON

Canada

Food Processing

 

300

The Wrigley Co

Subsidiary

Asquith, NSW

Australia

Food Processing

117.1

250

Wrigley Manufacturing Co

Branch

Chattanooga, TN

United States

Food Processing

109.0

200

The Wrigley Company (East Africa) Ltd

Subsidiary

Nairobi

Kenya

Food Processing

 

150

Wrigley, s.r.o.

Subsidiary

Praha

Czech Republic

Food Processing

 

109

Wrigley Middle East FZE

Subsidiary

Dubai

United Arab Emirates

Miscellaneous Capital Goods

8.0

100

Wrigley Scandinavia AB

Subsidiary

Kista, Stockholm

Sweden

Retail (Grocery)

55.1

60

Wrigley India Private Limited

Subsidiary

Gurgaon

India

Food Processing

1.0

60

Wrigley doo

Subsidiary

Trzin

Slovenia

Food Processing

 

54

Wrigley, LLC - Representation In Kazakhstan

Subsidiary

Almaty

Kazakhstan

Food Processing

15.0

53

Northwestern Flavors, LLC

Subsidiary

West Chicago, IL

United States

Food Processing

 

35

Wrigley Austria GesmbH

Subsidiary

Salzburg, Salzburg

Austria

Food Processing

54.2

30

Wrigley Company (New Zealand) Ltd.

Subsidiary

Mount Wellington

New Zealand

Food Processing

 

30

Wrigley Italia SRL

Subsidiary

Ardea, Roma (Rome)

Italy

Food Processing

18.3

20

Wrigley Scandinavia A.S.

Subsidiary

Oslo, Oslo

Norway

Food Processing

 

19

Wrigley Co (Hong Kong) Ltd

Subsidiary

Hong Kong, Hong Kong

Hong Kong

Food Processing

 

10

Wrigley Taiwan Limited

Subsidiary

Taipei

Taiwan

Food Processing

1.0

 

The Wrigley Company (H.K.) Limited

Branch

Hong Kong

Hong Kong

Food Processing

1.0

 

Wrigley Confectionery Co. Ltd.

Subsidiary

Plymouth

United Kingdom

Food Processing

 

 

Wrigley GmbH

Subsidiary

Athens

Greece

Food Processing

 

 

Wrigley Bulgaria EOOD

Subsidiary

Sofia

Bulgaria

Food Processing

 

 

Wrigley Baltics Filiale Latvija

Subsidiary

Riga

Latvia

Food Processing

 

 

M & M Mars

Branch

Chicago, IL

United States

Food Processing

202.5

500

Mars Drinks

Subsidiary

West Chester, PA

United States

Beverages (Non-Alcoholic)

 

500

Master Foods Ltd

Subsidiary

Kawasaki-shi, Kanagawa

Japan

Food Processing

 

370

Mars Belgium

Subsidiary

Sint-Stevens-Woluwe

Belgium

Food Processing

370.4

306

Mars España Inc Y Cia Food S R C

Subsidiary

Las Rozas De Madrid, Madrid

Spain

Food Processing

146.3

270

Mars Food

Branch

Greenville, MS

United States

Food Processing

141.8

200

Mars Africa

Subsidiary

Rosslyn, Pretoria

South Africa

Food Processing

 

200

Mars Foods Ireland Limited

Subsidiary

Dublin

Ireland

Food Processing

170.3

162

Mars Foods

Branch

Compton, CA

United States

Retail (Grocery)

39.5

160

Mars Services GmbH

Subsidiary

Verden (Aller), Niedersachsen

Germany

Computer Services

122.1

125

Mars Schweiz AG

Subsidiary

Baar

Switzerland

Retail (Grocery)

271.8

120

Mars New Zealand

Subsidiary

Hunters Corner

New Zealand

Food Processing

10.5

120

Mars South Asia - Regional Office

Subsidiary

Selangor

Malaysia

Food Processing

 

100

Mars Korea Inc

Subsidiary

Seoul

Korea, Republic of

Food Processing

 

100

Mars Danmark A/S

Subsidiary

København S

Denmark

Food Processing

101.2

94

Effem Foods Inc - Taiwan Branch (Usa)

Subsidiary

Taipei City, Taipei City

Taiwan

Food Processing

 

88

Ethel M Chocolates

Subsidiary

Henderson, NV

United States

Food Processing

 

82

Mars Finland Oy

Subsidiary

Helsinki

Finland

Food Processing

74.1

52

Mars Norge AS

Subsidiary

Oslo

Norway

Food Processing

62.2

29

Mars Sverige AB

Subsidiary

Malmö

Sweden

Crops

94.4

28

Mars Holding GmbH

Subsidiary

Verden (Aller), Niedersachsen

Germany

Commercial Banks

 

6

Mars Research GmbH

Subsidiary

Verden (Aller), Niedersachsen

Germany

Business Services

 

21

Mars Foods

Subsidiary

Prince Albert, SK

Canada

Retail (Grocery)

1.6

5

Mars Foods Australia

Subsidiary

Wyong, NSW

Australia

Food Processing

1,147.8

 

Masterfoods S.A.

Subsidiary

Sint-Stevens Woluwe

Belgium

Food Processing

250.0

 

Mars Foods Ireland Ltd

Subsidiary

Dublin

Ireland

Retail (Grocery)

210.6

 

Mars Food Europe B.V.

Subsidiary

Oud-Beijerland, Zuid-Holland

Netherlands

Miscellaneous Financial Services

184.5

 

Four-Square Catering And Vending Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Master Foods Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Thomas Petcare Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Money Systems Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Pedigree Foods Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Master Foods Morocco SARL

Subsidiary

Sidi Maarouf, Casablanca

Morocco

Food Processing

 

 

Thames Valley Vending Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Klix Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Europe Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Chocolate Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Food Australia

Subsidiary

Wyong, NSW

Australia

Food Processing

 

 

Mars G. B.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Rice Advisory Service Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Mars Information Svc

Subsidiary

Budd Lake, NJ

United States

Computer Services

 

 

Pedigree Electronics Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Pedigree Petfoods Ltd.

Subsidiary

Melton Mowbray

United Kingdom

Nonclassifiable Industries

 

 

Effemex Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Masterfoods Europe Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

Petcraft Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Master Brands Europe Ltd.

Subsidiary

Slough

United Kingdom

Nonclassifiable Industries

 

 

 

 


executive report

 

Executives

 

Name

Title

Function

 

Philippe-Henri de Frahan

 

General Manager

Division Head Executive

 

Claus Aagaard

 

Administrator

Administration Executive

 

Gillian Enevoldsen

 

Administrator

Administration Executive

 

Pierre Laubies

 

Administrator

Administration Executive

 

Robert David Macnair

 

Administrator

Administration Executive

 

Marijke Mars

 

Administrator

Administration Executive

 

Sandra Mcquillan

 

Administrator

Administration Executive

 

Anne-Marie Poliquin

 

Administrator

Administration Executive

 

Allen Stuart

 

Administrator

Administration Executive

 

Filip Valere Corneel Lozie

 

Representative/Auditor

Accounting Executive

 

Karlien Desmet

 

Public Relations Manager

Public Relations Executive

 

Stefaan Anthoons

 

Decision-maker

Other

 

Joris Bekaert

 

Decision-maker

Other

 

Andre Bosteels

 

Decision-maker

Other

 

Kris Calepet

 

Decision-maker

Other

 

Annick Serre

 

Decision-maker

Other

 


 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

    Turnover

370.4

403.3

422.2

    Increase or Decrease in Stocks of Finished Goods, and Orders in Progress

0.2

0.2

-0.5

    Other Operating Income

17.7

11.7

15.1

Operating Income

388.3

415.2

436.9

        Purchases

210.8

221.7

251.9

        Increase or Decrease in Stocks

0.2

6.4

-0.5

    Raw Materials, Consumables, and Goods for Release

211.0

228.1

251.4

    Services and Sundry Goods

97.5

93.3

103.4

    Remuneration, Social Security Charges, and Pensions

40.3

43.3

51.9

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

3.0

3.0

3.6

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

0.1

0.4

0.0

    Other Operating Charges

0.7

1.0

0.5

Operating Charges

352.7

369.0

410.8

    Income From Current Assets

3.4

4.2

4.1

    Other Financial Income

-

1.0

0.2

Financial Income

3.4

5.2

4.3

    Other Financial Charges

2.0

0.1

0.0

Financial Charges

2.0

0.1

0.0

    Other Extraordinary Income

-

-

1.6

Extraordinary Income

-

-

1.6

    Transfer from Differed Taxes

0.0

0.0

0.0

    Income Taxes

12.5

17.7

11.2

Income Taxes

12.5

17.7

11.2

        Return on Capital

-

-

19.4

    Profit to be Distributed

-

-

19.4

    Employees

306

305

308

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

        Land & Buildings

2.6

2.9

2.8

        Plant, Machinery, and Equipment

7.6

7.9

7.7

        Furniture and Vehicles

1.5

1.8

0.8

    Tangible Assets

11.7

12.5

11.3

        Amounts Receivable and Cash Guarantees

0.1

0.0

0.0

        Other Capital Assets

0.1

0.0

0.0

    Capital Assets

0.1

0.0

0.0

Fixed Assets

11.8

12.6

11.3

        Raw Materials and Consumables

2.6

3.3

6.8

        Work in Progress

1.3

1.3

1.1

        Finished Goods

1.2

1.1

1.0

        Goods Purchased for Resale

10.7

11.1

13.6

        Stocks

15.8

16.9

22.5

    Inventory and Orders in Progress

15.8

16.9

22.5

        Trade Debtors

37.3

45.4

69.2

        Other Amounts Receivable

176.8

145.5

78.2

    Amounts Receivable Within One Year

214.1

190.8

147.3

        Other Investments and Deposits

4.0

18.5

9.0

    Investments

4.0

18.5

9.0

    Liquid Assets

3.5

2.3

0.6

    Adjustment Accounts

0.0

0.5

0.3

Current Assets

237.4

228.9

179.8

Total Assets

249.2

241.5

191.1

        Issued Capital

5.0

5.3

5.1

    Capital

5.0

5.3

5.1

        Legal Reserve

0.5

0.5

0.5

        Other

0.0

0.0

0.0

        Reserves Not Available for Distribution

0.0

0.0

0.0

        Untaxed Reserves

1.3

1.4

1.3

    Reserves

1.8

1.9

1.9

        Deferred Taxation

-

0.0

0.0

    Provisions and Deferred Taxes

-

0.0

0.0

Capital and Reserves

83.2

62.3

26.8

        Suppliers

42.9

47.7

44.0

        Trade Debts

42.9

47.7

44.0

        Taxes

4.3

1.8

6.5

        Remuneration and Social Security

65.2

71.8

62.9

        Taxes, Wages, and Social Security

69.5

73.6

69.4

    Amounts Payable Within One Year

112.4

121.3

113.4

    Adjustment Accounts

53.5

57.9

51.0

Creditors

165.9

179.2

164.4

Total Liabilities + Shareholders' Equity

249.2

241.5

191.1

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.