|
Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNITASK NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.06.1992 |
|
|
|
|
Com. Reg. No.: |
447684197 |
|
|
|
|
Legal Form : |
Public Limited
Liability Company (BE) |
|
|
|
|
Line of Business : |
Non-Specialized Wholesale Trade [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 2013 Belgian GDP
grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous
year, and the government reduced the budget deficit from a peak of 6% of GDP in
2009 to 3.2%. 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 |
|
Business number |
447684197 |
|
Company name |
UNITASK NV |
|
Address |
HOVENIERSSTRAAT
2 |
|
|
2018
ANTWERPEN |
|
Number of staff |
17 |
|
Date of establishment |
19/06/1992 |
|
Telephone number |
032327676 |
|
Fax number |
034702469 |
|
The business was established over
22 years ago. |
|
|
|
The business has 10 employees. |
|
|
|
The business has been at the
address for over 17 years. |
|
|
|
Operating Result in the latest
trading period decreased 65% on the previous trading period. |
4- |
|
|
Net Worth decreased by 498% during
the latest trading period. |
|
* |
|
Pre-tax profits decreased by 71%
compared to the previous trading period. |
|
4- |
|
The business saw an increase in
their Cash Balance of 191% during the latest trading period. |
|
|
|
N et Worth is a negative amount
during the latest trading period. |
|
4- |
|
Date of latest
accounts |
Turnover |
Profit before tax |
Networth |
Working capital |
|
31/12/2012 |
8754407 |
35807 |
-367618 |
5367478 |
|
31/12/2011 |
8458088 |
124556 |
92326 |
-972022 |
|
31/12/2010 |
-- |
108136 |
42084 |
-562579 |
|
Date of latest
accounts |
Balance Total |
Number of Employees |
Capital |
Cash Flow |
|
31/12/2012 |
16,655,084 |
17 |
61,500 |
267,508 |
|
31/12/2011 |
14,372,058 |
15 |
61,500 |
131,146 |
|
31/12/2010 |
10,804,740 |
7 |
61,500 |
112,482 |
|
|
|
|
|
|
|
Trends |
||||
|
Profitability |
|
|
4 |
|
|
Liquidity |
|
|
* |
|
|
Net worth |
|
|
4 |
|
|
|
|
|
|
|
|
Payment
expectations |
||||
|
Past
payments |
|
|
Payment
expectation days |
124.16 |
|
Industry average payment expectation days |
88.91 |
|
Industry average day sales
outstanding |
162.91 |
|
Day sales
outstanding |
238.23 |
|
|
|
|
Business number |
447684197 |
Company
name |
UNITASK NV |
|
Fax number |
034702469 |
Date
founded |
19/06/1992 |
|
Company status |
active |
Company
type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2012 |
|
Activity code |
46900 |
Liable for
VAT |
yes |
|
Activity description |
Non-specialised
wholesale |
VAT Number |
BE.0447.684.197
Check |
|
|
trade |
|
VAT number |
|
Belgian Bullettin of Acts |
moniteur
belge |
|
|
|
Publications |
|
|
|
|
Contractor details |
|||
|
Registered contractor |
- |
|
|
|
number |
|
|
|
|
Contractor description |
- |
|
|
|
Date struck off register |
|
|
|
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2012 |
|
|
Full-time Employees |
15 |
|
Part-time Employees |
3 |
|
Total Fte Employee |
17 |
|
|
|
|
Number of
hours worked |
|
|
Full-time
Employees |
24,584 |
|
Part-time
Employees |
4014 |
|
Total
|
28598 |
|
Personnel Charges |
|
|
Full-time Employees |
588,654 |
|
Part-time Employees |
96,127 |
|
Total |
684,782 |
|
Benefits in Addition to Wages |
-- |
|
During the previous reporting year |
|
|
|
Average number employees in Fte |
12 |
|
|
Actual working hours |
18,686 |
|
|
Personnel Charges |
381,930 |
|
|
Benefits In Addition To Wages -- |
||
|
|
||
|
Type of
Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited
Duration Contracts |
15 |
3 |
17 |
|
|
Limited
Duration Contracts - - - |
||||
|
Contracts
For Specific - - -Work |
||||
|
Contracts
Regarding |
- |
- |
- |
|
|
Substitution |
|
|
|
|
|
|
||||
|
|
||||
|
Gender and
Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
5 |
- |
5 |
|
|
Secondairy
education |
4 |
- |
4 |
|
|
Higher
education (non university) |
1 |
- |
1 |
|
|
Higher
education |
3 |
- |
3 |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
2 |
2 |
4 |
|
|
Secondairy
education |
- |
1 |
1 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher
education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
9 |
1 |
10 |
|
|
White
collar worker |
6 |
2 |
8 |
|
|
Blue collar
worker - - - |
||||
|
Other - - - |
||||
|
|
||||
|
|
||||
|
r Temporary personnel |
|
Total |
|
|
|
Average
number of temporary staff |
- |
|
|
|
|
Actual
working hours - |
||||
|
Cost of
temporary staff - |
||||
|
|
||||
|
|
||||
|
r New staff
and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
Starters |
2 |
- |
2 |
|
|
Leavers |
- |
- |
- |
|
|
|
||||
|
Code |
-- |
|
Description |
From 10 to 19 Employees |
|
|
|
|
Joint Industrial Committee (JIC) |
|
|
Significant Events |
|
|
Event Date |
22/12/2011 |
|
Event Description |
New coordinated text of the statutes
filed |
|
Event Details |
Commentaar 22/12/2011:
Statutenwiziging. |
PROFIT & LOSS
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
8,754,407 |
3.50 |
8,458,088 |
- |
- |
12,250,639 |
-28.54 |
|
Total
operating expenses |
8,554,207 |
8.60 |
7,876,602 |
- |
- |
11,972,589 |
-28.55 |
|
Operating
result |
200,200 |
-65.57 |
581,485 |
182 |
206,144 |
77,632 |
157 |
|
Total
financial income |
199,889 |
3375 |
5,752 |
-11.14 |
6,473 |
62,340 |
220 |
|
Total
financial expenses |
364,283 |
-21.27 |
462,682 |
342 |
104,481 |
36,919 |
886 |
|
Results on
ordinary operations before taxation |
35,807 |
-71.25 |
124,556 |
15.18 |
108,136 |
92,883 |
-61.45 |
|
Taxation |
14,224 |
-69.04 |
45,950 |
77.96 |
25,820 |
38,159 |
-62.72 |
|
Results on ordinary
operations after taxation |
21,582 |
-72.54 |
78,606 |
-4.51 |
82,316 |
67,867 |
-68.20 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
6,741 |
-100 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
21,582 |
-72.54 |
78,606 |
-4.51 |
82,316 |
75,064 |
-71.25 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross
Operating Margin |
- |
- |
- |
- |
494,122 |
104,111 |
- |
|
Dividends |
- |
- |
- |
- |
- |
393,477 |
- |
|
Director
remuneration |
108,878 |
1.37 |
107,409 |
- |
- |
222,927 |
-51.16 |
|
Employee
costs |
684,782 |
67.97 |
407,673 |
59.85 |
255,028 |
398,236 |
71.95 |
|
Wages and salary |
521,086 |
60.04 |
325,599 |
58.28 |
205,707 |
308,803 |
68.74 |
|
Employee pension costs |
- |
- |
- |
- |
- |
25,632 |
- |
|
Social security contributions |
146,480 |
105 |
71,283 |
58.37 |
45, 011 |
94,670 |
54.73 |
|
Other employee costs |
17,216 |
59.55 |
10,790 |
150 |
4,310 |
9,109 |
89.00 |
|
Amortization
and depreciation |
245,926 |
368 |
52,540 |
74.17 |
30,166 |
54,316 |
352 |
BALANCE SHEET
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed assets |
553,400 |
- |
71,874 |
- |
43,511 |
13,852 |
3895 |
|
Tangible fixed assets |
1,749,740 |
11.24 |
1,572,936 |
166 |
589,503 |
404,169 |
332 |
|
Land & building |
1,630,454 |
11.77 |
1,458,803 |
177 |
525,186 |
571,690 |
185 |
|
Plant & machinery |
87,888 |
4.95 |
83,742 |
134 |
35,652 |
100,059 |
-12.16 |
|
Furniture & Vehicles |
28,578 |
7.31 |
26,630 |
-7.10 |
28,665 |
36,574 7,990 |
-21.86 |
|
Leasing & Other Similar Rights |
2,820 |
-25.00 |
3,760 |
- |
- |
132,759
13,501 |
-97.88 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
33,411 |
-100 |
|
Financial fixed assets |
38,048 |
-14.05 |
44,267 |
172 |
16,223 |
480,911 |
-92.09 |
|
Total fixed assets |
2,341,188 |
38.61 |
1,689,077 |
160 |
649,236 |
648,454 |
261 |
|
Inventories |
8,231,177 |
5.78 |
7,781,382 |
19.59 |
6,506,630 |
347,185 |
2270 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
834,556 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
1,660 |
-100 |
|
Finished goods |
8,231,177 |
5.78 |
7,781,382 |
- |
0 |
86,931 |
9368 |
|
Other stocks |
0 |
- |
0 |
-100 |
6,506,630 |
89,519 |
-100 |
|
Trade debtors |
5,713,854 |
19.18 |
4,794,130 |
36.11 |
3,522,270 |
321,491 |
1677 |
|
Cash |
26,396 |
191 |
9,043 |
-85.07 |
60,576 |
175,017 |
-84.92 |
|
other amounts receivable |
20,415 |
-73.99 |
78,477 |
50.10 |
52,282 |
450,041 |
-95.46 |
|
Miscellaneous current assets |
322,054 |
1514 |
19,948 |
45.12 |
13,746 |
102,269 |
214 |
|
Total current assets |
14,313,896 |
12.86 |
12,682,981 |
24.89 |
10,155,503 |
1,221,423 |
1071 |
|
Total Assets |
16,655,084 |
15.89 |
14,372,058 |
33.02 |
10,804,740 |
1,799,935 240,679 |
825 |
|
|
Trade
creditors |
2,909,870 |
-44.96 |
5,287,056 |
-8.00 |
5,747,007 |
299,137 |
872 |
|
Short term group loans - - - - - - - |
||||||||
|
|
Financial
debts |
4,402,767 |
25.08 |
3,520,006 |
263 |
968,595 |
478,311
19,952 |
820 |
|
|
Current
portion of long term debt |
18,643 |
56.51 |
11,911 |
92.40 |
6,191 |
73,941 19,069 |
-74.79 |
|
|
Amounts Payable for Taxes,
Remuneration & Social Security |
179,039 |
41.97 |
126,108 |
67.31 |
75,373 |
8,655 - |
196 |
|
|
Miscellaneous
current liabilities |
1,436,100 |
-69.51 |
4,709,922 |
20.12 |
3,920,918 |
738 |
-- |
|
|
Total
current liabilities |
8,946,418 |
-34.48 |
13,655,003 |
27.40 |
10,718,083 |
668,608 |
1238 |
|
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long
term loans |
7,506,135 |
1330 |
524,778 |
49297 |
1,062 |
1794 |
-- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
70,298
17,318 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
7,776 0 |
-100 |
|
|
Other long
term liabilities |
16,748 |
-40.35 |
28,077 |
- |
0 |
13,919 |
20.33 |
|
|
Total long
term debts |
7,522,883 |
1260 |
552,855 |
51940 |
1,062 |
198,673 |
3686 |
|
SHAREHOLDERS
EQUITY |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Issued
share capital |
61,500 |
0 |
61,500 |
0 |
61,500 |
422,965 |
-85.46 |
|
|
Share
premium account |
- |
- |
- |
- |
- |
4,698,356 |
- |
|
|
Reserves |
124,283 |
21.01 |
102,700 |
326 |
24,094 |
378,858 |
-67.20 |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
628,351 |
- |
|
|
Total
shareholders equity |
185,783 |
13.14 |
164,200 |
91.84 |
85,594 |
924,029 |
-79.89 |
|
|
Working
capital |
5,367,478 |
552 |
-972,022 |
-72.78 |
-562,579 |
552,815 |
870 |
|
|
Cashflow |
267,508 |
103 |
131,146 |
16.59 |
112,482 |
119,934 |
123 |
|
|
Net worth |
-367,618 |
-498 |
92,326 |
119 |
42,084 |
909,655 |
-140 |
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING
PERFORMANCE |
||||||||
|
|
||||||||
|
|
Profit
Before Tax |
0.41 |
-72.11 |
1.47 |
- |
- |
-219,00 |
0.19 |
|
|
Return on
capital employed |
0.46 |
-97.35 |
17.37 |
-86.08 |
124.79 |
-58,00 |
0.79 |
|
|
Return on
total assets employed |
0.21 |
-75.86 |
0.87 |
-13.00 |
1 |
398,00 |
-99 |
|
|
Return on
net assets employed |
19.27 |
-74.60 |
75.86 |
-39.96 |
126.34 |
-47,00 |
41.00 |
|
|
Sales / net
working capital |
1.63 |
18.74 |
-8.70 |
- |
- |
12,00 |
-99 |
|
|
Stock
turnover ratio |
94.02 |
2.20 |
92 |
- |
- |
93,00 |
1.10 |
|
|
Debtor days |
238.23 |
15.15 |
206.89 |
- |
- |
104,00 |
129 |
|
|
Creditor
days |
124.16 |
-49.32 |
245 |
- |
- |
120,00 |
3.47 |
|
SHORT TERM
STABILITY |
||||||||
|
|
Current
ratio |
1.60 |
72.04 |
0.93 |
-2. 11 |
0.95 |
401,00 |
-68.00 |
|
|
Liquidity
ratio / acid ratio |
0.68 |
88.89 |
0.36 |
5.88 |
0.34 |
401,00 |
-99 |
|
|
Current
debt ratio |
48.16 |
-42.09 |
83.16 |
-33.59 |
125.22 |
5,00 |
863 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
Gearing |
6420.16 |
159 |
2470.58 |
116 |
1140.08 |
89,00 |
7113 |
|
|
Equity in
percentage |
1.15 |
0 |
1.15 |
43.75 |
0.80 |
-394,00 |
0.29 |
|
|
Total debt
ratio |
88.65 |
2.45 |
86.53 |
-30.90 |
125.23 |
5,00 |
1673 |
|
Industry
comparison |
|
|
Activity
code |
46900 |
|
Activity
description |
Non-specialised wholesale trade |
|
industry average credit rating |
60.59 |
|
Industry
average credit |
26717.87 |
|
limit |
|
|
Suspension
of payments / moratorium history |
|
|
Amount - |
|
|
Details - |
|
|
Payment
expectations |
|
|
Payment
expectation days |
124.16 |
|
Day sales
outstanding |
238.23 |
|
Industry
comparison |
|
|
Activity
code |
46900 |
|
Activity
description |
Non-specialised wholesale trade |
|
Industry average payment
expectation days |
88.91 |
|
Industry
average day sales |
162.91 |
|
outstanding |
|
Industry quartile analysis Payment
expectations
Company result 124.16
Lower 92.97
Median 49.60
Upper 15.84
|
Day sales outstanding |
|
|
Company result |
238.23 |
|
Lower |
78.47 |
|
Median |
37.80 |
|
Upper |
15.42 |
Group
Structure
No
group structure for this company.
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No minority interests found
NSSO
details
Business number 447684197
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
UK Pound |
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.80.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.