MIRA INFORM REPORT

Report Date :

08.02.2013

IDENTIFICATION DETAILS

Name :	LOOOK BVBA
Registered Office :	Stijn Streuvelsstraat 19 8570 Anzegem
Country :	Belgium
Financials (as on) :	31.12.2011
Date of Incorporation :	21.06.2010
Com. Reg. No.:	826961028
Legal Form :	Private Limited Company (BL/LX)
Line of Business :	Wholesale of household textiles and bedding
No. of Employees :	Not Available

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 :	Slow
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
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

Business number	826961028
Company name	LOOOK BVBA
Address	STIJN STREUVELSSTRAAT 19
	8570 ANZEGEM
Number of staff	0
Date of establishment	21/06/2010
Telephone number	056775779
Fax number	056775779

Accounts & ratios

Date of latest accounts	Turnover	Profit Before Tax	Net worth
31/12/2011		18,945	36,256

Accounts & ratios

Date of latest accounts	Balance Total	Investments	Capital	Cash Flow	Number of Employees
31/12/2011	111,453		25,000	9	0

Trends

Profitability	-
Liquidity	-
Net worth	-

Payment expectations

Past payments		Payment expectation days	-
Industry average payment expectation days	63.30	Industry average day sales outstanding	108.89
Day sales outstanding	-

Court data summary

Bankruptcy details
Court action type	no
Protested bills
Bill amount	-
NSSO details
Date of summons	-

Business number	826961028	Company name	LOOOK BVBA
Fax number	056775779	Date founded	21/06/2010
Company status	active	Company type	Private Limited Company (BL/LX)
Currency	Euro (€)	Date of latest accounts	31/12/2011
Activity code	46412	liable for VAT	yes
Activity description	Wholesale of household textiles and bedding	VAT Number	BE.0826.961.028
Belgian Bullettin of Acts Publications	moniteur belge

Contractor details Check Article 30 Bis

Registered contractor number	-
Contractor description	-
Date struck off register

Personnel limit NSSO

Code	-
Description	-

Joint Industrial Committee (JIC)

Export accounts to CSV file

comparison mode

average

median

Profit & loss

Annual accounts	31-12-2011	%		%		Industry average	%
Weeks	80		-		-
Currency	EUR		-		-
Turnover	-	-	-	-	-	-	-
Total operating expenses	-	-	-	-	-	-	-
Operating result	23,604	-	-	-	-	-	-
Total financial income	281	-	-	-	-	-	-
Total financial expenses	4,941	-	-	-	-	-	-
Results on ordinary operations before taxation	18,945	-	-	-	-	-	-
Taxation	5,939	-	-	-	-	-	-
Results on ordinary operations after taxation	13,006	-	-	-	-	-	-
Extraordinary items	0	-	-	-	-	-	-
Other appropriations	0.00	-	-	-	-	-	-
Net result	13,006	-	-	-	-	-	-
other information
Dividends	-	-	-	-	-	-	-
Director remuneration	-	-	-	-	-	-	-
Employee costs	-	-	-	-	-	-	-
Wages and salary	-	-	-	-	-	-	-
Employee pension costs	-	-	-	-	-	-	-
Social security contributions	-	-	-	-	-	-	-
Other employee costs	0	-	-	-	-	-	-
Amortization and depreciation	5,608	-	-	-	-	-	-

balance sheet

Annual accounts	31-12-2011	%		%		Industry average	%
Weeks	80		-		-
Currency	EUR		-		-
Intangible fixed assets	1,750	-	-	-	-	-	-
Tangible fixed assets	4,095	-	-	-	-	-	-
Land & building	-	-	-	-	-	-	-
Plant & machinery	3,000	-	-	-	-	-	-
Other tangible assets	1,095	-	-	-	-	-	-
Financial fixed assets	-	-	-	-	-	-	-
Total fixed assets	5,845	-	-	-	-	-	-
Inventories	48,020	-	-	-	-	-	-
Raw materials & consumables	-	-	-	-	-	-	-
Work in progress	0	-	-	-	-	-	-
Finished goods	0	-	-	-	-	-	-
Other stocks	48,020	-	-	-	-	-	-
Trade debtors	56,027	-	-	-	-	-	-
Cash	9	-	-	-	-	-	-
other amounts receivable	1,552	-	-	-	-	-	-
Miscellaneous current assets	0	-	-	-	-	-	-
Total current assets	105,607	-	-	-	-	-	-
current liabilities
Trade creditors	16,663	-	-	-	-	-	-
Short term group loans	-	-	-	-	-	-	-
Other short term loans	18,783	-	-	-	-	-	-
Miscellaneous current liabilities	38,001	-	-	-	-	-	- -
Total current liabilities	73,446	-	-	-	-	-	-
Long term debts
Long term group loans	-	-	-	-	-	-	- -
Other long term loans	-	-	-	-	-	-	- -
Other long term liabilities	0	-	-	-	-	-	-
Total long term debts	0	-	-	-	-	-	-
shareholders equity
Issued share capital	25,000	-	-	-	-	-	-
Share premium account	-	-	-	-	-	-	-
Reserves	13,006	-	-	-	-	-	-
Revaluation reserve	-	-	-	-	-	-	-
Total shareholders equity	38,006	-	-	-	-	-	-
Working capital	32,161	-	-	-	-	-	-
Net worth	36,256	-	-	-	-	-	-

ratio analysis

Annual accounts	31-12-2011	change(%)		change(%)		Industry average	%
Trading performance
Profit Before Tax	-	-	-	-	-	-	-
Return on capital employed	49.85	-	-	-	-	-	-
Return on total assets employed	17	-	-	-	-	-	-
Return on net assets employed	49.85	-	-	-	-	-	-
Sales / net working capital	-	-	-	-	-	-	-
Stock turnover ratio	-	-	-	-	-	-	-
Debtor days	-	-	-	-	-	-	-
Creditor days	-	-	-	-	-	-	-
short term stability
Current ratio	1.44	-	-	-	-	-	-
Liquidity ratio / acid ratio	0.78	-	-	-	-	-	-
Current debt ratio	1.93	-	-	-	-	-	-
Liquidity ratio reprocessed	-	-	-	-	-	-	-
long term stability
Gearing	49.42	-	-	-	-	-	-
Equity in percentage	34.64	-	-	-	-	-	-
Total debt ratio	1.93	-	-	-	-	-	-

Industry comparison

Suspension of payments / moratorium history

Amount	-
Details	-

Payment expectations

Payment expectation days	-
Day sales outstanding	-

Industry comparison

Activity code	46412
Activity description	Wholesale of household textiles and bedding
Industry average payment expectation days	63.30
Industry average day sales outstanding	108.89

Industry quartile analysis

Payment expectations
Company result	-
Lower	79.34
Median	40.15
Upper	11.18
Day sales outstanding
Company result	-
Lower	84.26
Median	40.20
Upper	15.51

Summary

Group - Number of Companies	0
Linkages - Number of Companies	0
Number of Countries	0

Group Structure

No group structure for this company.

Minority Shareholders

No minority shareholders found

Minority Interests

No minority interests found

Individual Shareholders

Shareholder Name
Forename	Paul	Middle name	-
Surname	Balcaen
Shareholder Details
Start date	21/06/2010	End date	-
Percentage owned	50%
Shareholder Address
Street name	Stijn Streuvelsstraat	House number	19
Minor town	Ingooigem	Postal town	Anzegem
Post code	8570	Country	Belgium

Shareholder Name
Forename	Koen	Middle name	Hector
Surname	Balcaen
Shareholder Details
Start date	21/06/2010	End date	-
Percentage owned	50%
Shareholder Address
Street name	Ruiffeleindestraat	House number	10
Minor town	Otegem	Postal town	Zwevegem
Post code	8553	Country	Belgium

Companies that match this address

Business number	Company name	Date of accounts
678079785	VERVISCH THÉRÈSE ECHTG BALCAEN A	-

Protested bills

Drawee name	-
Address	-
Bill amount	-
Bill currency	-
Maturity of bill	-
Name of drawer	-
City of drawer	-

NSSO details

Business number	826961028
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

Current director details

Name	PAUL OSWALD BALCAEN
Position	Non Statutory Partner
Start Date	21/06/2010
Date of birth	17/04/1964
Street	19 STIJN STREUVELSSTRAAT ANZEGEM
Post code	8570
Country	Belgium
Name	PAUL OSWALD BALCAEN
Position	Principal Manager
Start Date	21/06/2010
Date of birth	17/04/1964
Street	19 STIJN STREUVELSSTRAAT ANZEGEM
Post code	8570
Country	Belgium

Name	KOEN JEROOM HECTOR BALCAEN
Position	Non Statutory Partner
Start Date	21/06/2010
Date of birth	16/05/1959
Street	10 RUIFFELEINDESTRAAT ZWEVEGEM
Post code	8553
Country	Belgium
Name	KOEN JEROOM HECTOR BALCAEN
Position	Principal Manager
Start Date	21/06/2010
Date of birth	16/05/1959
Street	10 RUIFFELEINDESTRAAT ZWEVEGEM
Post code	8553
Country	Belgium

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.14
UK Pound	1	Rs.83.26
Euro	1	Rs.71.93

INFORMATION DETAILS

Report Prepared by :

SDA

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.