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Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
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Name : |
JAFFAFRUIT PRODUCTS NV |
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|
|
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Registered Office : |
Mechelsesteenweg 123 Wezembeek-Oppem 1970 |
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Country : |
Belgium |
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Financials (as on) : |
2012 |
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Date of Incorporation : |
14.12.2011 |
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Com. Reg. No.: |
841857654 |
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Legal Form : |
Public Limited Liability Company |
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Line of Business : |
Subject is engaged in retail sale of fruit and vegetables in specialised stores |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 1.8%, the unemployment rate decreased slightly to 7.2% 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 and 3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative growth. This brought economic growth for the whole of 2012 to negative 0.2%. It also left Belgium on the brink of a possible recession at the end of 2012. However, at year's end, the government appeared close to meeting its 2012 budget deficit goal of 3% of GDP. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 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 retail arm of a Franco-Belgian bank.
Source
: CIA
JAFFAFRUIT PRODUCTS NV
|
Company Name JAFFAFRUIT PRODUCTS NV Company Registration 841857654 Number |
|
Country BE |
|
Activity Code 47210 Activity Description Retail sale of fruit and vegetables in specialised stores |
|
Company Status Active Latest Turnover 0.00 (EUR) |
|
Latest Shareholders Equity 110,187.00 (EUR) |
Activities
Activity Code 47210
Activity Description Retail sale of fruit and vegetables in specialised stores
Company Name JAFFAFRUIT PRODUCTS NV
Registered Company Name JAFFAFRUIT PRODUCTS NV
Company Registration Number 841857654
Country BE
VAT Registration Number BE.0841.857.654
Date of Company Registration 14/12/2011
Date of Starting Operations 14/12/2011
Commercial Court Legal Form Public Limited Liability Company (BE)
Company Status Active
Principal Activity Code 47210
Principal Activity Description Retail sale of fruit and vegetables in specialised stores
Contact Address MECHELSESTEENWEG 123
WEZEMBEEK-OPPEM 1970
Contact Telephone Number 02/7670685
Address MECHELSESTEENWEG 123 WEZEMBEEK-OPPEM 1970
Country BE
Telephone 02/7670685
Name ANNE CATHERINE HAESAERTS
Address 191 MECHELSESTEENWEG HOVE
Date of Birth 09/05/1967
Position Director
Date Appointed 15/12/2011
Name GUNTER HAESAERTS
Address 123 MECHELSESTEENWEG WEZEMBEEK-OPPEM
Date of Birth Managing Director
Date Appointed 15/12/2011
Issued Share capital 100,000.00 (EUR)
Name Philippe Kilian
Share Percent 0.05 %
Name Anne Haesaerts
Share Percent 0.10 %
Name Gunter Haesaerts
Share Percent 99.90 %
Year 2012
Number of Employees 0
Profit & Loss
Financial Year 2012
Number of Weeks 54
Currency EUR
Balance Sheet
Financial Year 2012
Number of Weeks 54
Currency EUR
Land & Buildings 0.00
Plant & Machinery 0.00
Other Tangible Assets 508.00
Total Tangible Assets 508.00
Other Intangible Assets 63,255.00
Total Intangible Assets 63,255.00
Miscellaneous Fixed Assets 80,000.00
Total Other Fixed Assets 80,000.00
Total Fixed Assets 143,763.00
Raw Materials 0.00
Work in Progress 0.00
Finished Goods 0.00
Other Inventories 428,842.00
Total Inventories 428,842.00
Trade Receivables 291,796.00
Miscellaneous Receivables 1,349.00
Total Receivables 293,145.00
Cash 31,808.00
Other Current Assets 6,295.00
Total Current Assets 760,090.00
Total Assets 903,853.00
Trade Payables 384,788.00
Other Loans/Finance 397,714.00
Miscellaneous Liabilities 9,291.00
Total Current Liabilities 791,793.00
Other Loans/Finance
0.00
due after 1 year
Miscellaneous Liabilities
due after 1 year 1,873.00
Total Long Term Liabilities 1,873.00
Total Liabilities 793,666.00
Called Up Share Capital 100,000.00
Share Premium 0.00
Revenue Reserves 10,187.00
Other Reserves 0.00
Total Shareholders Equity 110,187.00
Other Financials
Working Capital -31,703.00
Net Worth 46,932.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.83.69 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.