MIRA INFORM REPORT

 

 

Report Date :

21.09.2012

 

IDENTIFICATION DETAILS

 

Name :

JAFFAFRUIT PRODUCTS NV

 

 

Registered Office :

Mechelsesteenweg 123 Wezembeek-Oppem, Post Code 1970

 

 

Country :

Belgium

 

 

Date of Incorporation :

14.12.2011

 

 

Com. Reg. No.:

841857654

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Retail sale of fruit and vegetables in specialised stores

 

 

No. of Employees :

01 to 04 Employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New business

Payment Behaviour :

Unknown

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

 

 

Belgium - ECONOMIC OVERVIEW

 

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7% from 8.3% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian arm of a Franco-Belgian bank. An ageing population and rising social expenditures are mid- to long-term challenges to public finances.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Business number

841857654

Company name

JAFFAFRUIT PRODUCTS NV

 

 

Telephone number

-

Address

MECHELSESTEENWEG 123 WEZEMBEEK-OPPEM

Fax number

-

Post code

1970

 

 

Date of establishment

14/12/2011

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current director details

Name

PHILIPPE EDOUARD LOUISE KILIAN

Position

Director

Date of birth

31/10/1957

Street

34 SERWEYTENS DE MERCXSTRAAT KNOKKE-HEIST

Post code

8301

Country

Belgium

 

Name

ANNE CATHERINE HAESAERTS

Position

Director

Date of birth

09/05/1967

Street

191 MECHELSESTEENWEG HOVE

Post code

2540

Country

Belgium

 

Name

GUNTER HAESAERTS

Position

Managing Director

Date of birth

25/11/1942

Street

123 MECHELSESTEENWEG WEZEMBEEK-OPPEM

Post code

1970

Country

Belgium

 

Name

GUNTER HAESAERTS

Position

Director

Date of birth

25/11/1942

Street

123 MECHELSESTEENWEG WEZEMBEEK-OPPEM

Post code

1970

Country

Belgium

 

 

NEGATIVE INFORMATION

 

Court data summary

Bankruptcy details

Court action type

no

Protested bills

Bill amount

-

NSSO details

Date of summons

-

 

Business number

841857654

Company name

JAFFAFRUIT PRODUCTS NV

Fax number

-

Date founded

14/12/2011

Company status

active

Company type

Public Limited Liability Company (BE)

Currency

Euro (€)

Date of latest accounts

-

Activity code

47210

liable for VAT

yes

Activity description

Retail sale of fruit and vegetables in specialised stores

VAT Number

BE.0841.857.654

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

Contractor details

Registered contractor number

-

Contractor description

-

Date struck off register

 

Personnel limit NSSO

Code

-

Description

FROM 1 TO 4 EMPLOYEES

 

Joint Industrial Committee (JIC)

There are no accounts on file for this company

 

Protested bills

Drawee name

 

Address

 

Bill amount

 

Bill currency

 

Maturity of bill

 

Name of drawer

 

City of drawer

 

NSSO details

Business number

 

Name of defendant

 

Legal form of defendant

 

Date of summons

 

Labour court

 

Bankruptcy details

There is no bankruptcy data against this company

 

 

court data

there is no data for this company

 

SHARE & SHARE CAPITAL INFORMATION

 

Minority Shareholders

No minority shareholders found

 

PAYMENT INFORMATION

 

Payment expectations

Past payments

 

Payment expectation days

-

Industry average payment expectation days

44.29

Industry average day sales outstanding

41.47

 

Suspension of payments / moratorium history

Amount

-

Details

-

 

Payment expectations

Payment expectation days

-

Day sales outstanding

-

 

Industry comparison

Activity code

47210

Activity description

Retail sale of fruit and vegetables in specialised stores

Industry average payment expectation days

44.29

Industry average day sales outstanding

41.47

 

Industry quartile analysis

Payment expectations

 

Company result

-

Lower

55.12

Median

15.88

Upper

4.70

Day sales outstanding

 

Company result

-

Lower

48.83

Median

20.84

Upper

6.86

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Summary

Group - Number of Companies

0

Linkages - Number of Companies

0

Number of Countries

0

 

Group Structure

No group structure for this company.

 

 

FINANCIAL INFORMATION

 

Accounts & ratios

No key Financials Registered

 

FOREIGN EXCHANGE RATES

 

Na


ADDITIONAL INFORMATION

 

Trends

Profitability

 

-

 

Liquidity

 

-

 

Net worth

 

-

 

 

Industry comparison

Activity code

47210

Activity description

Retail sale of fruit and vegetables in specialised stores

 

Minority Interests

No minority interests found

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.87.91

Euro

1

Rs.70.57

 

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.