MIRA INFORM REPORT

 

 

Report No. :

319381

Report Date :

27.04.2015

 

IDENTIFICATION DETAILS

 

Name :

IMPEXTRACO NV

 

 

Registered Office :

Wiekevorstsesteenweg 38 2220 Heist-Op-Den-Berg

 

 

Country :

Belgium

 

 

Financials (as on) :

30.09.2013

 

 

Date of Incorporation :

407064161

 

 

Com. Reg. No.:

23.03.1970

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Manufacture  of  prepared feeds  for  farm  animals.

 

 

No. of Employees :

60 (2013)

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Belgium

A2

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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 

Company summary

 

Business  number

407064161

Company  name

IMPEXTRACO  NV

Address

WIEKEVORSTSESTEENWEG  38

 

2220 HEIST-OP-DEN-BERG

Number  of  staff

60

Date  of  establishment

23/03/1970

Telephone  number

015222425

Fax  number

015222424

 

 

Ultimate holding  company

 

Company  name

Company  Number

Impextraco  NV

407064161

 

 

Commentary

 

The business was established over 45 years ago.

The business has 50 employees.

The business is part of a group.

This business has a foreign parent business.

The business has been at the address for over 17 years.

The business saw an increase in their Cash Balance of 42% during the latest trading period.

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/09/2013

122,033,465

5,507,864

24,538,184

20,068,574

30/09/2012

127,800,809

5,430,465

22,099,828

16,246,378

30/09/2011

121,091,567

6,238,233

26,311,884

22,253,551

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/09/2013

36,527,772

60

125,000

5,517,157

30/09/2012

39,771,911

63

125,000

5,287,288

30/09/2011

46,214,569

61

125,000

5,434,417

 

Payment  Expectations

 

Past  payments

 

Payment  expectation  days

19.31

Industry  average  payment

54.91

Industry  average  day  sales

87.02

expectation  days

 

outstanding

 

Day  sales  outstanding

39.43

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

 

Court Action Type                                No

 

PROTESTED BILLS

 

Bill amount                                         

 

NSSO DETAILS

 

Date of summons                                

 

 

Company  information

 

Business  number

407064161

Company  name

IMPEXTRACO  NV

Fax  number

015222424

Date  founded

23/03/1970

Company  status

active

Company  type

Public  Limited  Liability Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

30/09/2013

Activity  code

10910

Liable  for  VAT

yes

Activity  description

Manufacture  of  prepared feeds  for  farm  animals

VAT  Number

BE.0407.064.161  Check  VAT

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Contractor  Details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

 

 

Joint Industrial Committee (JIC)

 

 

 

Significant Events

 

 

 

Event  Date

30/12/2011

Event  Description

 

Event  Details

Met  eenparigheid  van  stemmen  wordt  besloten  de  aard  van  de  aandelen  te  wijzigen  en  hiertoe  de aandelen  aan  toonder  om  te  zetten  in  aandelen  op  naam.

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

30-09-2013

%

30-09-2012

%

30-09-2011

%

30-09-2010

%

30-09-2009

Weeks

52

 

52

 

52

 

52

 

91

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

4,483,354

-23.71

5,876,785

44.81

4,058,333

8.44

3,742,364

-7.94

4,065,312

Intangible  fixed  assets

13,744

-41.10

23,335

-

0

-

0

-100

623

Tangible  fixed  assets

4,409,911

-16.65

5,290,545

48.78

3,555,975

5.29

3,377,157

-8.74

3,700,392

Land  &  building

2,010,567

-5.17

2,120,111

-1.89

2,160,879

-6.98

2,323,112

-4.53

2,433,413

Plant  &  machinery

1,623,714

64.44

987,414

131

425,768

-23.45

556,221

-27.46

766,774

Furniture  &  Vehicles

446,195

-15.25

526,476

2.47

513,777

6.83

480,925

-3.85

500,206

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

329,435

-80.11

1,656,543

263

455,551

2595

16,900

-

0

Financial  fixed  assets

59,699

-89.39

562,906

12.05

502,358

37.55

365,207

0.25

364,297

Total  current  assets

32,044,417

-5.46

33,895,126

-19.60

42,156,236

24.19

33,943,627

16.66

29,096,286

Inventories

11,689,769

2.96

11,354,143

-34.73

17,395,229

36.65

12,729,924

33.33

9,547,364

Raw  materials  &  consumables

1,794,640

50.69

1,190,938

-25.84

1,605,883

-19.11

1,985,328

84.83

1,074,136

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

9,895,129

-2.64

10,163,205

-35.63

15,789,346

46.95

10,744,596

26.81

8,473,228

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

13,182,567

-23.93

17,328,772

-9.03

19,047,880

19.05

16,000,130

-11.06

17,989,550

Other  amounts  receivable

209,481

-17.63

254,312

-16.41

304,220

-31.91

446,765

1098

37,277

Cash

6,832,307

42.52

4,794,034

-8.26

5,225,901

12.67

4,638,419

225

1,424,725

Miscellaneous  current  assets

130,294

-20.49

163,865

-10.46

183,006

42.54

128,390

31.86

97,370

Total  Assets

36,527,772

-8.16

39,771,911

-13.94

46,214,569

22.63

37,685,991

13.64

33,161,598

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

24,551,929

10.98

22,123,163

-15.92

26,311,884

15.96

22,689,626

16.52

19,472,408

Issued  share  capital

125,000

0

125,000

0

125,000

0

125,000

0

125,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

24,426,929

11.04

21,998,163

-16.00

26,186,884

16.05

22,564,626

16.63

19,347,408

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-100

6,197

-97.50

247,962

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

11,975,843

-32.14

17,648,748

-11.32

19,902,685

32.77

14,990,168

11.52

13,441,228

Other  long  term  loans

-

-

-

-

-

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-

0

-100

6,197

-97.50

247,962

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

-

-

5,392,111

-18.92

6,650,374

147

2,691,274

-

-

Trade  creditors

6,147,320

-8.99

6,754,615

-17.79

8,216,303

4.53

7,860,519

-3.69

8,161,874

Amounts  Payable  for  Taxes,

1,844,465

41.85

1,300,276

-21.79

1,662,497

11.39

1,492,467

-56.20

3,407,750

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

3,984,058

-5.18

4,201,745

24.55

3,373,511

14.52

2,945,906

57.40

1,871,604

Total  current  liabilities

11,975,843

-32.14

17,648,748

-11.32

19,902,685

32.77

14,990,168

11.52

13,441,228

Total  Liabilities

36,527,772

-8.16

39,771,911

-13.94

46,214,569

22.63

37,685,991

13.64

33,161,598

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

4.51

6.12

4.25

-17.48

5.15

14.96

4.48

-46.79

8.42

Return  on  capital  employed

22.43

-8.64

24.55

3.54

23.71

-3.97

24.69

-72.34

89.25

Return  on  total  assets  employed

15.08

10.48

13.65

1.11

13.50

-9.21

14.87

-71.98

53.07

Return  on  net  assets  employed

22.43

-8.64

24.55

3.54

23.71

-3.97

24.69

-72.69

90.39

Sales  /  net  working  capital

6.08

-22.74

7.87

44.67

5.44

-17.58

6.60

-50.60

13.36

Stock  turnover  ratio

9.58

7.88

8.88

-38.20

14.37

41.30

10.17

123

4.56

Creditor  days

19.31

-4.36

20.19

-23.26

26.31

9.31

24.07

53.41

15.69

Debtor  days

39.43

-20.33

49.49

-13.81

57.42

23.06

46.66

48.60

31.40

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

2.68

39.58

1.92

-9.43

2.12

-6.19

2.26

4.63

2.16

Liquidity  ratio  /  acid  ratio

1.70

32.81

1.28

3.23

1.24

-12.68

1.42

-2.07

1.45

Current  debt  ratio

0.49

-38.75

0.80

5.26

0.76

15.15

0.66

-4.35

0.69

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

5,517,157

4.35

5,287,288

-2.71

5,434,417

9.98

4,941,074

-61.86

12,956,682

Net  worth

24,538,184

11.03

22,099,828

-16.01

26,311,884

15.96

22,689,626

16.53

19,471,785

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

 

24.37

-3.60

25.28

113

11.86

-

-

Equity  in  percentage

67.24

20.80

55.66

-2.23

56.93

-5.45

60.21

2.54

58.72

Total  debt  ratio

0.49

-38.75

0.80

5.26

0.76

15.15

0.66

-5.71

0.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Working  capital

20,068,574

23.53

16,246,378

-26.99

22,253,551

17.41

18,953,460

21.07

15,655,058

 

 

 

 

 

 

 

 

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

121,606,610

-5.13

128,182,121

5.33

121,690,002

-3.80

126,501,780

-39.62

209,519,778

Turnover

122,033,465

-4.51

127,800,809

5.54

121,091,567

-3.26

125,172,185

-40.15

209,146,909

Total  operating  expenses

116,196,801

-4.87

122,139,911

7.16

113,976,680

-4.38

119,191,576

-37.23

189,878,291

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

115,769,946

-5.51

122,521,223

6.94

114,575,116

-4.93

120,521,172

-36.65

190,251,159

Employee  costs

3,921,159

-4.45

4,103,825

7.23

3,827,096

5.86

3,615,079

-32.66

5,368,563

Wages  and  salary

2,818,364

-8.55

3,081,833

8.43

2,842,315

6.84

2,660,354

-29.76

3,787,700

Employee  pension  costs

-

-

 

 

 

 

 

 

 

Social  security

923,497

4.10

887,083

8.51

817,530

7.46

760,758

-37.86

1,224,273

contributions

 

 

 

 

 

 

 

 

 

Other  employee  costs

179,297

32.90

134,909

-19.34

167,250

-13.77

193,966

-45.61

356,590

Director  remuneration

-

-

 

 

 

 

 

 

 

Amortization  and depreciation

1,487,798

16.98

1,271,864

57.41

808,013

12.27

719,710

-43.03

1,263,313

 

 

 

 

 

 

 

 

 

 

Operating  result

5,836,664

3.10

5,660,898

-20.44

7,114,887

18.97

5,980,608

-68.96

19,268,619

Total  financial  income

7,817,215

-45.04

14,223,423

8.06

13,162,074

-3.50

13,639,888

-19.10

16,860,143

Total  financial  expenses

8,146,015

-43.64

14,453,856

2.96

14,038,727

0.15

14,017,364

-24.35

18,528,469

Results  on  ordinary operations  before  taxation

5,507,864

1.43

5,430,465

-12.95

6,238,233

11.33

5,603,132

-68.16

17,600,293

Extraordinary  Income

31,154

61.14

19,334

-69.59

63,581

-46.13

118,024

63.23

72,304

Extraordinary  Charges

132,231

111

62,498

-37.22

99,544

-15.62

117,969

-51.36

242,551

Extraordinary  items

-101,077

-134

-43,164

-20.02

-35,963

-66270

54

0.03

-170,248

Results  for  the  Year  Before Taxation

5,406,788

0.36

5,387,302

-13.14

6,202,270

10.69

5,603,186

-67.85

17,430,046

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,377,429

0.40

1,371,877

-12.94

1,575,866

14.04

1,381,822

-75.91

5,736,676

Results  on  ordinary operations  after  taxation

4,130,435

1.77

4,058,588

-12.95

4,662,368

10.45

4,221,310

-64.42

11,863,617

 

 

 

 

 

 

 

 

 

 

Net  result

4,029,359

0.35

4,015,425

-13.21

4,626,404

9.60

4,221,364

-63.90

11,693,369

Profit  (Loss)  for  the  Year  to be  appropiated

4,029,359

0.35

4,015,425

-13.21

4,626,404

9.60

4,221,364

-63.90

11,693,369

Dividends

600,000

-91.67

7,200,000

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  30-09-2013

 

 

 

Full-time  Employees

 

59

 

Part-time  Employees

 

5

 

Total  Fte  Employees

 

62

 

 

 

 

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

95,799

 

Part-time  Employees

 

4,465

 

Total

 

100,264

 

 

 

 

 

Personnel  Charges

 

 

 

Full-time  Employees

 

3,746,540

 

Part-time  Employees

 

174,619

 

Total

 

3,921,159

 

Benefits  In  Addition  To  Wages

 

-

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

63

 

Actual  working  hours

 

99,909

 

Personnel  Charges

 

-

 

Benefits  In  Addition  To  Wages

 

-

 

 

 

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

57

5

60

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

41

3

43

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

16

2

17

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

25

5

28

Blue  collar  worker

32

-

32

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

7

Actual  working  hours

14,843

Cost  of  temporary  staff

452,158

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

5

-

5

Leavers

8

-

8

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

92

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

69

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

15

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

8

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

 

 

Payment  expectations

 

Payment  expectation  days

19.31

Day  sales  outstanding

39.43

 

 

Industry  comparison

 

Activity  code

10910

Activity  description

Manufacture  of  prepared  feeds  for  farm  animals

Industry  average  payment

54.91

expectation  days

 

Industry  average  day  sales

87.02

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

19.31

Lower

82.63

Median

54.54

Upper

35.99

 

 

Day  sales  outstanding

 

Company  result

39.43

Lower

52.87

Median

30.46

Upper

18.41

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

2

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

Group  Structure

 

Company  name

Number

Latest

 

 

financials

- IMPEXTRACO  NV

407064161

30-09-2013

- - CELARSA  NV

433727877

31-12-2013

 

Minority  Shareholders

 

No  minority  shareholders  found

 

Minority  Interests

 

No  minority  interests  found

 

Companies  that  match  this  address

 

no  Companies  Match  this  address

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

2

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

Summons

 

there  is  no  data  for  this  company

 

 

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

YVES  ROGER  OLGA  VANDEN  AVENNE

Position

Managing  Director

Start  Date

01/01/2001

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

03/05/2004

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

Name

VEVY  NV

Position

Director

Start  Date

03/05/2004

Date  of  birth

21/08/1991

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

03/05/2004

Date  of  birth

21/08/1991

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

Name

GEORGALEX  NV

Position

Director

Start  Date

03/05/2004

Date  of  birth

16/04/1993

Street

73 ISSCHOTWEG  HEIST-OP-DEN-BERG

Post  code

2222

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

03/05/2004

Date  of  birth

16/04/1993

Street

73 ISSCHOTWEG  HEIST-OP-DEN-BERG

Post  code

2222

Country

Belgium

 

Former  director  details

 

Name

VEVY  NV

Position

Managing  Director

Start  Date

03/05/2004

End  Date

02/05/2010

Date  of  birth

21/08/1991

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

Name

GEORGALEX  NV

Position

Managing  Director

Start  Date

03/05/2004

End  Date

02/05/2010

Date  of  birth

16/04/1993

Street

73 ISSCHOTWEG  HEIST-OP-DEN-BERG

Post  code

2222

Country

Belgium

 

 

Name

PAUL  DE  BOECK

Position

Director

Start  Date

07/05/2008

End  Date

30/09/2011

Street

81 BROEKSTRAAT  MEISE

Post  code

1860

Country

Belgium

 

 

Name

MARC  VANDEN  AVENNE

Position

Director

Start  Date

15/05/1993

End  Date

Unknown  date

Date  of  birth

23/05/1964

Street

3 MAALHOFDIJK  HEIST-OP-DEN-BERG

Post  code

2220

Country

Belgium

 

 

Name

JJ  INTERNATIONAL  BVBA

Position

Director

Start  Date

07/05/2008

End  Date

30/09/2011

Date  of  birth

07/09/1999

Street

75 VAGEVUURVELDEN  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

02/05/2006

End  Date

Unknown  date

Date  of  birth

07/09/1999

Street

75 VAGEVUURVELDEN  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

JAN  DE  BEUCKER

Position

Legal  Representative

Start  Date

02/05/2006

End  Date

Unknown  date

Date  of  birth

11/11/1967

Street

33 RICHARDSTRAAT  ANTWERPEN

Post  code

2060

Country

Belgium

 

 

Name

WILLEM  VERHAEGEN

Position

Director

Start  Date

01/01/2006

End  Date

18/09/2009

Street

17 LANGVELDSTRAAT  HEIST-OP-DEN-BERG

Post  code

2220

Country

Belgium

 

 

Name

CELARSA  NV

Position

Director

Start  Date

11/10/2007

End  Date

Unknown  date

Date  of  birth

18/03/1988

Street

12 MASTENDREEF  SCHILDE

Post  code

2970

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.40

UK Pound

1

Rs.95.42

Euro

1

Rs.68.49

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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.