MIRA INFORM REPORT

 

 

Report Date :

27.10.2014

 

IDENTIFICATION DETAILS

 

Name :

LAMIFIL NV

 

 

Registered Office :

Frederic Scheidlaan -Z/N 2620 Hemiksem

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

22.07.1929

 

 

Com. Reg. No.:

422050265

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in Aluminium production

 

 

No. of Employees :

234

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Belgium

A1

A2

 

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 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

 


Company name and address

 

Business number                                                          422050265

Company name                                                             LAMIFIL NV

Address                                                                      FREDERIC SCHEIDLAAN -z/n

2620 HEMIKSEM

Number of staff                                                             234

Date of establishment                                                    22/07/1929

Telephone number                                                         038700611

Fax number                                                                  038878059

 

 

Commentary

 

The business was established over 32 years ago.

The business has 234 employees.

The business is part of a group.

This business has a foreign parent business.

The business has been at the address for over 19 months.

Pre-tax profits decreased by 21% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 58% during the latest trading period.

 

 

Accounts

 

DATE OF LATEST ACCOUNTS                TURNOVER           PROFIT BEFORE TAX        NET WORTH          WORKING CAPITAL

31/12/2013                                   115,339,048        3,228,653                    28,525,419          22,798,849

31/12/2012                                   137,525,430        4,087,465                    26,913,716          20,746,371

31/12/2011                                   128,364,531        5,210,668                    24,229,930          18,377,961

 

 

Accounts

 

DATE OF LATEST ACCOUNTS                BALANCE TOTAL     NUMBER OF EMPLOYEES  CAPITAL                 CASHFLOW

31/12/2013                                   48,021,813         234                             4,485,803           5,451,325

31/12/2012                                   57,327,854         226                             4,485,803           6,547,512

31/12/2011                                   53,091,170         215                             4,485,803           7,736,082


 

Payment expectations

 

Past payments                                                            Payment expectation days 22.67

Industry average payment

expectation days                      57.45                            Industry average day sales

                        outstanding 66.72

Day sales outstanding 39.58

 

 

NSSO DETAILS

 

Date of summons         02/02/2009

 

 

Company information

                                                                                                                                            

Business number

422050265

Company name

LAMIFIL NV

 

Fax number

038878059

Date founded

22/07/1929

 

 

 

 

 

 

Company status

active

Company type

Public Limited Liability Company (BE)

 

Currency

Euro (€)

Date of latest accounts

31/12/2013

 

Activity code

24420

Liable for VAT

yes

 

Activity description

Aluminium production

VAT Number

BE.0422.050.265 Check VAT number

 

 

 

Social Balance Sheet Details

 

Social Balance Sheet                                                          Total

During the reporting year

ended 31-12-2013

Full-time Employees                                                         225

Part-time Employees                                                        10

Total Fte Employees                                                         233

 

Number of hours worked

Full-time Employees                                                         301,551

Part-time Employees                                                        12,026

Total                                                                            313,577

 

Personnel Charges

Full-time Employees                                                         14,297,550

Part-time Employees                                                        553,182

Total                                                                            14,850,732

Benefits In Addition To Wages                                             122,041

 

During the previous reporting year

Average number employees in Fte                                       219

Actual working hours                                                       307,193

Personnel Charges                                                          14,034,690

Benefits In Addition To Wages                                             63,914

 

 

Gender and Education

 

Men

Full-Time

Part-Time

Total Fte

 

Primary education

109

4

112

 

Secondairy education

77

2

79

 

Higher education (non university)

23

2

25

 

Higher education

10

-

10

 

(university)

 

 

 

 

Women

Full-Time

Part-Time

Total Fte

 

Primary education                 -                                       - -

Secondairy education

4

-

4

 

Higher education (non university)

4

1

5

 

 

Working Category                   Full-Time                              Part-Time                             Total Fte

Management                         -                                        -                                        -

White collar worker                48                                      1                                       49

Blue collar worker                  179                                    8                                       185

 

Temporary personnel                                                        Total

Average number of temporary staff                                      22

Actual working hours                                                       36,326

Cost of temporary staff                                                      1,169,776

 

New staff and leavers             Full-Time                              Part-Time                             Total Fte

New Starters                         37                                     -                                        37

Leavers                               25                                      4                                       28

 

Total of formal continuing vocational training initiatives

for workers paid by the employer                                        Male                                   Female

Number of employees                                                       54                                      5

Number of training hours                                                  868                                    118

Net costs for enterprise                                                    63,417                               8,620

Total of less formal and informal continuing vocational

training initiatives for workers paid by the employer                Male                                   Female

Number of employees                                                       212                                    9

Number of training hours                                                  14,501                               35

Net costs for enterprise                                                    538,803                              1,282

Total of initial training initiatives at the expense of the

employer                                                                       Male                                   Female

Number of employees                                                       1                                       -

Number of training hours                                                  210                                    -

Net costs for enterprise                                                    2,567                                 -

 

 

Joint Industrial Committee (JIC)

 

JIC Code                               105

Description                             Joint committee for the nonferrous metals

 

JIC Code                               224

Description                             Joint committee for the employees off the nonferrous metals

 

 

Significant Events

 

Event Date                             01/04/2014

Event Description                    re-appointment of director(s)

Event Details                          Commentaar 01-04-2014: Herbenoemd als bestuurders voor een periode van 2 jaar :

Dilkoma BVBA, White Art Centre CVBA, Vandaele Herman BVBA, van Dooren Hubertus en Brigitte Malou BVBA. Herbenoemd als gedelegeerd bestuurder: Dilkoma BVBA

 


 

Profit & loss

 

Annual accounts

31-12-2013

%

31-12-2012

%

31-12-2011

Industry average 2013

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

115,339,048

-16.13

137,525,430

7.14

128,364,531

95,373,236

20.93

Total operating expenses

111,770,788

-16.03

133,107,195

8.37

122,828,234 93,107,039

20.05

Operating result

3,568,261

-19.24

4,418,235

-20.20

5,536,297

811,943

339

Total financial income

38,987

121

17,626

-46.90

33,193

542,074

-92.81

Total financial expenses

378,595

8.67

348,396

-2.91

358,823

386,224

-1.98

Results on ordinary operations before taxation

3,228,653

-21.01

4,087,465

-21.56

5,210,668

967,793

233

Taxation

899,767

-38.21

1,456,219

833

156,000

149,244

502

Results on ordinary operations after taxation

2,328,886

-11.49

2,631,246

-47.94

5,054,668

852,989

173

Extraordinary items

24,278

-96.94

794,000

-

0

-4,778

508

Other appropriations

0.00

-

0.00

-

0.00

-

-

Net result

2,353,164

-31.30

3,425,246

-32.24

5,054,668

848,589

177

Gross Operating Margin

-

-

-

-

-

248,048

-

Dividends

741,461

0

741,461

4.00

712,943

3,090,410

-76.01

Director remuneration

121,250

-45.81

223,750

1.70

220,000

281,894

-56.99

Employee costs

15,110,518

5.68

14,298,816

5.71

13,526,095

8,235,373

83.48

Wages and salary

9,927,452

6.61

9,311,861

6.24

8,764,730

5,555,799

78.69

Employee pension costs

259,785

-

264,126

-

274,889

772,470

-66.37

Social security contributions

4,215,010

5.35

4,000,800

5.88

3,778,690

2,027,509

107

Other employee costs

708,271

-1.91

722,029

2.01

707,786

282,430

150

Amortization and depreciation

3,098,161

-0.77

3,122,266

16.44

2,681,415

1,492,822

107

 

 

balance sheet

 

Annual accounts

31-12-2013

%

31-12-2012

%

31-12-2011

Industry average 2013

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

0

-

0

-

0

14,870

-100

Tangible fixed assets

5,379,036

-23.09

6,994,381

-9.67

7,743,300

8,751,858

-38.54

Land & building

1,656,348

1.80

1,627,038

-2.74

1,672,884

3,008,770

-44.95

Plant & machinery

2,468,928

3.48

2,385,912

-0.41

2,395,683

7,119,925

-65.32

Furniture & Vehicles

311,948

-31.24

453,657

-20.13

568,002

68,617 33,988

354

Leasing & Other Similar Rights

610,013

-54.64

1,344,853

-49.17

2,645,804 614,774

610,013

-0.77

Other tangible assets

331,798

-71.95

1,182,922

156

460,927

159,084

108

Financial fixed assets

3,806,180

18.38

3,215,171

2.13

3,148,243

1,569,799

142

Total fixed assets

9,185,216

-10.03

10,209,552

-6.26

10,891,543

9,275,429

-0.97

Inventories

22,198,098

-2.31

22,723,801

1.65

22,354,845

7,288,313

204

Raw materials & consumables

19,254,053 -1.95

19,636,325

-0.18

19,670,960

7,551,436

154

Work in progress

2,944,045

-4.65

3,087,476

15.04

2,683,885

1,891,175

55.67

Finished goods

0

-

0

-

0

1,881,252

-100

Other stocks

0

-

0

-

0

91,328

-100

Trade debtors

12,507,624

-15.66

14,830,383

12.33

13,202,679

3,756,395

232

Cash

2,494,893

-58.54

6,016,992

21.03

4,971,670

565,727

341

other amounts receivable

1,533,913

2.44

1,497,387

-3.59

1,553,178

4,282,903

-64.19

Miscellaneous current assets

102,071

-95.02

2,049,740

1648

117,255

271,330

-62.38

Total current assets

38,836,597

-17.58

47,118,302

11.66

42,199,627

14,460,991

168

Total Assets

48,021,813

-16.23

57,327,854

7.98

53,091,170

22,666,178 1,419,682

111

 

CURRENT LIABILITIES

 

Trade creditors

6,941,792

-38.94

11,368,252

34.73

8,438,003

3,272,725

112

Short term group loans                   -                 -          -                 -          -                 - -

 

Financial debts

-

-

-

-

-

4,910,409 525,000

-

 

Current portion of long term debt

490,190

-35.24

756,937

-32.08

1,114,390

292,178 83,336 67.77

 

Amounts Payable for Taxes, Remuneration & Social Security

4,424,405

6.70

4,146,715

11.85

3,707,352

47,135 -

246

 

Miscellaneous current liabilities

4,181,362

-58.60

10,100,027

-4.37

10,561,921

265

--

 

Total current liabilities

16,037,748

-39.19

26,371,931

10.71

23,821,667

7,279,636

120

LONG TERM DEBTS AND LIABILITIES

 

Long term group loans

-

-

-

-

-

-

--

 

Other long term loans

356,900

-57.87

847,090

-47.25

1,605,772

-21.59

--

 

Deffered taxes

-

-

-

-

-

58,513 58,513

-

 

Provisions for Liabilities & Charges

3,101,745

-2.92

3,195,117

-6.95

3,433,801

1,031,977 0

200

 

Other long term liabilities

0

-

0

-

0

650

-100

 

Total long term debts

3,458,646

-14.44

4,042,207

-19.79

5,039,573

1,244,959

177

 

SHAREHOLDERS EQUITY

 

 

 

 

 

 

 

 

Issued share capital

4,485,803

0

4,485,803

0

4,485,803

15,383,239

-70.84

Share premium account                 -                 -          -                 -          -                 - -

 

Reserves

24,039,616

7.19

22,427,913

13.59

19,744,127

-1,269,818

1893

 

Revaluation reserve

-

-

-

-

-

366,121

-

 

Total shareholders equity

28,525,419

5.99

26,913,716

11.08

24,229,930

14,141,584

101

 

Working capital

22,798,849

9.89

20,746,371

12.89

18,377,961

7,181,355

217

 

Cashflow

5,451,325

-16.74

6,547,512

-15.36

7,736,082

2,169,163

151

 

Net worth

28,525,419

5.99

26,913,716

11.08

24,229,930

14,126,714

101

 

 

ratio analysis

 

 

 

Annual accounts

31-12-2013

change(%)

31-12-2012

change(%)

31-12-2011

Industry average 2013

%

TRADING PERFORMANCE

 

Profit Before Tax

2.80

-5.72

2.97

-26.85

4.06

16,00

-82.50

 

Return on capital employed

10.09

-23.56

13.20

-25.84

17.80

-1,00

1009

 

Return on total assets employed

6.72

-5.75

7.13

-27.32

9.81

-38,00

17.68

 

Return on net assets employed

11.32

-25.48

15.19

-29.38

21.51

6,00

88.67

 

Sales / net working capital

5.06

-23.68

6.63

-5.01

6.98

6,00

-99

 

Stock turnover ratio

19.25

16.53

16.52

-5.17

17.42

13,00

48.08

 

Debtor days

39.58

0.56

39.36

4.85

37.54

66,72

-40.68

 

Creditor days

22.67

-27.27

31.17

24.33

25.07

57,45

-60.54

SHORT TERM STABILITY

 

Current ratio

2.42

35.20

1.79

1.13

1.77

2,00

142

 

Liquidity ratio / acid ratio

1.04

11.83

0.93

12.05

0.83

2,00

-48.00

 

Current debt ratio

0.56

-42.86

0.98

0

0.98

1,00

-44.00

 

Liquidity ratio reprocessed

-

-

-

-

-

-

-

LONG TERM STABILITY

 

Gearing

2.97

-50.17

5.96

-46.93

11.23

72,00

-95.88

 

Equity in percentage

59.40

26.52

46.95

2.87

45.64

-126,00

47.14

 

Total debt ratio

0.68

-39.82

1.13

-5.04

1.19

2,00

-66.00

 

Industry comparison

 

Activity code                          24420

Activity description                  Aluminium production

 

 

Payment Information

 

Payment Information Summary

Total number of Invoices available                                                                                             138

Total number of Invoices paid within or up to 30 days after the due date                                   115

Total number of Invoices paid more than 30 days after the due date                                          10

Total number of Invoices currently outstanding where the due date has not yet been reached 1           

Total number of Invoices currently outstanding beyond the due date                                         12

 

 

Payment expectations

 

Payment expectation days         22.67

Day sales outstanding              39.58

 

 

Industry comparison

 

Activity code                          24420

Activity description                  Aluminium production

 

 

Industry quartile analysis

 

Payment expectations

Company result                       22.67

Lower                                   74.47

Median                                 53.67

Upper                                   39.58

 

 

Day sales outstanding

 

Company result                       39.58

Lower                                   54.55

Median                                  43.13

Upper                                   31.87

 

 

Shareholder Details

 

Summary

Group - Number of Companies                       2

Linkages - Number of Companies                   0

Number of Countries                                    0

 

 

Companies that match this address

 

No Companies Match this address

 

Linked Companies

 

Group - Number of Companies                       2

Linkages - Number of Companies                   0

Number of Countries                                    0

 

Summons

 

Legal event type

Social Security Summons

 

Event date

02/02/2009

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Legal event type

Social Security Summons

 

Event date

19/01/2009

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Legal event type

Social Security Summons

 

Event date

10/11/2008

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Legal event type

Social Security Summons

 

Event date

15/02/1999

 

Court type

 

Court name

3rd party name

 

3rd party type

 

Legal event type

Social Security Summons

 

Event date

22/12/2008

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Legal event type

Social Security Summons

 

Event date

12/01/2009

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Legal event type

Social Security Summons

 

Event date

09/06/2008

 

Court type

Court name

Antwerpen

3rd party name

3rd party type

 

 

Protested Bills

There is no data for this company

 

Bankruptcy and other legal events

There is no data for this company

 

 

Director details

 

Current director details

Name                                    KORAMIC HOLDING NV

Position                                Director

Start Date                              25/07/2007

Date of birth                           11/09/1883

Street                                   84 KAPEL TER BEDE KORTRIJK

Post code                              8500

Country                                 Belgium

 

Position                                Legal Representative

Start Date                              25/07/2007

Date of birth                           11/09/1883

Street                                   84 KAPEL TER BEDE KORTRIJK

Post code                              8500

Country                                 Belgium

 

Name                                    DILKOMA BVBA

Position                                Director

Start Date                              05/04/2011

Date of birth                           23/01/2007

Street                                   63 HOOGBOOMSTEENWEG KAPELLEN

Post code                              2950

Country                                 Belgium

 

Position                                Legal Representative

Start Date                              05/04/2011

Date of birth                           23/01/2007

Street                                   63 HOOGBOOMSTEENWEG KAPELLEN

Post code                              2950

Country                                 Belgium

 

Name                                   WHITE ART CENTRE CVBA

Position                                Legal Representative

Start Date                              03/04/2012

Date of birth                           06/12/1988

Street                                   57 GROENESTAAKSTRAAT GENT

Post code                              9030

Country                                 Belgium

 

 

Name                                    VANDAELE HERMAN BVBA

position                                 Legal Representative

Start Date                              03/04/2012

Date of birth                           15/11/2010

Street                                   4 VLOEDSTRAAT KOKSIJDE

Post code                              8670

Country                                 Belgium

 

Name                                   BRIGITTE MALOU BVBA

Position                                Director

Start Date                              29/04/2010

Date of birth                           24/08/2007

Street                                   97 ERNEST CAMBIERLAAN BRUSSEL

Post code                              1030

Country                                 Belgium

 

Name                                   HUBERTUS VAN DOOREN

Position                                Director

Start Date                              29/04/2010

Street

Post code

Country                                 The Netherlands

 

 

Former director details

 

Name                                   KORAMIC HOLDING NV

Position                                Chairman of the Board

Start Date                              25/07/2007

End Date                               02/04/2013

Date of birth                           11/09/1883

Street                                   84 KAPEL TER BEDE KORTRIJK

Post code                              8500

Country                                 Belgium

 

Name                                   DILKOMA BVBA

Position                                 Managing Director

Start Date                              01/01/2012

End Date                               03/04/2012

Date of birth                           23/01/2007

Street                                   63 HOOGBOOMSTEENWEG KAPELLEN

Post code                              2950

Country                                 Belgium

 

Name                                   WHITE ART CENTRE CVBA

P osition                               Director

Start Date                              03/04/2012

End Date                               01/04/2014

Date of birth                           06/12/1988

Street                                   57 GROENESTAAKSTRAAT GENT

Post code                              9030

Country                                 Belgium

 

Name                                   VANDAELE HERMAN BVBA

Position                                Director

Start Date                              03/04/2012

End Date                               01/04/2014

Date of birth                           15/11/2010

Street                                   4 VLOEDSTRAAT KOKSIJDE

Post code                              8670

Country                                 Belgium

 

Name                                   HEIN H ROMBOUT

Position                                Director

Start Date                              13/05/1997

End Date                               01/01/1998

Street                                   GENT

Post code

Country                                 Belgium

 

Name                                   WERNER CHRIS ROGER POOT

Position                                Director

Start Date                              25/07/2007

End Date                               28/09/2012

Date of birth                           13/01/1971

Street                                   31 GROTENDRIES LUBBEEK

Post code                              3210

Country                                 Belgium

 

Name                                   LESSIUS CORPORATE FINANCE IN VEREFFENING NV

Position                                Director

Start Date                              03/04/2007

End Date                               31/12/2013

Date of birth                           17/12/2002

Street                                   110 RESEARCHPARK ASSE

Post code                              1731

Country                                 Belgium

 

Name                                   DILEC BVBA

P osition                               Managing Director

Start Date                              01/09/2010

End Date                               Unknown date

Date of birth                           28/03/2008

Street                                   34 EGLANTIER LOVENDEGEM

Post code                              9920

Country                                 Belgium

 

Position                                Director

Start Date                              23/11/2009

End Date                               31/12/2012

Date of birth                           28/03/2008

Street                                   34 EGLANTIER LOVENDEGEM

Post code                              9920

Country                                 Belgium

 

Position                                Legal Representative

Start Date                              04/11/2009

End Date                               Unknown date

Date of birth                           28/03/2008

Street                                   34 EGLANTIER LOVENDEGEM

Post code                              9920

Country                                 Belgium

 

Name                                    THEOPHIEL KAREL VERHEYDEN

Position                                 Managing Director

Start Date                              04/05/2004

End Date                               01/09/2010

Street                                   9 MOLENWEG HULDENBERG

Post code                              3040

Country                                 Belgium

 

Position                                Director

Start Date                              06/04/2010

End Date                               31/12/2012

Street                                   9 MOLENWEG HULDENBERG

Post code                              3040

Country                                 Belgium

 

Name                                   KORAMIC INDUSTRIES NV

Position                                Director

Start Date                              25/07/2007

End Date                               23/11/2009

Date of birth                           17/03/1960

Street                                   84 KAPEL TER BEDE KORTRIJK

Post code                              8500

Country                                 Belgium

 

N ame                                  LESSIUS NV

Position                                Director

Start Date                              04/05/2004

End Date                               Unknown date

Date of birth                           22/01/1988

Street                                   110 Z1 RESEARCHPARK ASSE

Post code                              1731

Country                                 Belgium

 

Name                                   HANS HENDRIK JUUL NICASY

Position                                Director

Start Date                              16/12/2002

End Date                               Unknown date

Street                                   126 BOEKENBERGLEI ANTWERPEN

Post code                              2100

Country                                 Belgium

 

Name                                   JOHAN VAN TIEGHEM

Position                                Director

Start Date                              02/04/2001

End Date                               Unknown date

Street                                   18 EDMOND PICARDSTRAAT BRUSSEL

Post code                              1050

Country                                 Belgium

 

Name                                   WILFRIED CHRISTIAAN KAREL VANDEPOEL

Position                                 Managing Director

Start Date                              08/07/1998

End Date                               12/05/1998

Date of birth                           04/03/2045

Street                                   34 PRIESTER POPPESTRAAT MORTSEL

Post code                              2640

Country                                 Belgium

 

Position                                Director

Start Date                              12/05/1998

End Date                               Unknown date

Date of birth                           04/03/2045

Street                                   34 PRIESTER POPPESTRAAT MORTSEL

Post code                              2640

Country                                 Belgium

 

Name                                   JEAN-LOUIS VAN MARCKE

P osition                               Director

Start Date                              12/05/1998

End Date                               Unknown date

Street                                   293 BRUSSELSESTEENWEG KRAAINEM

Post code                              1950

Country                                 Belgium

 

Name                                   LEON CLOOSTERMANS-HUWAERT

Position                                Chairman of the Board

Start Date                              16/12/2002

End Date                               Unknown date

Street                                   6 VLAAMSE ARDENNENSTRAAT MAARKEDAL

Post code                              9680

Country                                 Belgium

 

Position                                Director

Start Date                              12/05/1998

End Date                               Unknown date

Street                                   6 VLAAMSE ARDENNENSTRAAT MAARKEDAL

Post code                              9680

Country                                 Belgium

 

Name                                   JOZEF KAREL HUBERT ROSIERS

Position                                 Managing Director

Start Date                              23/08/1991

End Date                               Unknown date

Date of birth                           08/06/1946

Street                                   53 OUD-HEVERLEESTRAAT LEUVEN

Post code                              3001

Country                                 Belgium

 

Name                                   HUBERTUS H F Q VAN DOOREN

Position                                Chairman of the Board

Start Date                              07/09/2007

End Date                               25/07/2007

Street

Post code

Country                                 The Netherlands

 

Position                                Principal Manager

Start Date                              23/05/2005

End Date                               Unknown date

Street

Post code

Country                                 The Netherlands

 

P osition                               Director

Start Date                              23/05/2005

End Date                               Unknown date

Street

Post code

Country                                 The Netherlands

 

Name                                   DANIE CORNELIS VAN EIBERGEN SANTHAGENS

Position                                Director

Start Date                              25/03/2004

End Date                               Unknown date

Street                                   WEEGBREESTRAAT

Post code                              3765

Country                                 The Netherlands


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.24

UK Pound

1

Rs.98.67

Euro

1

Rs.77.97

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.