MIRA INFORM REPORT

 

 

Report No. :

353227

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

POWER TOOLS DISTRIBUTION NV

 

 

Registered Office :

Industrielaan 40 3730 Hoeselt

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

26.03.1991

 

 

Com. Reg. No.:

443676020

 

 

Legal Form :

Public limited company

 

 

Line of Business :

Wholesale of machine tools.

 

 

No. of Employee :

187

 

 

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 :

Slow but correct

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 budget deficit was 3.2% of GDP. 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 a 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

443676020

Branche  Unit  Number

2052307984

Company  name

POWER  TOOLS  DISTRIBUTION  NV

Address

INDUSTRIELAAN  40 3730 HOESELT

Number  of  staff

187

Date  of  establishment

26/03/1991

Telephone  number

089510411

Fax  number

089510498

 

 

Commentary

 

The business was established over 24 years ago.

The business has 187 employees.

The business is part of a group.

This business has a foreign parent business.

The business has been at the address for over 24 years.

Operating Result in the latest trading period decreased 106% on the previous trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

785,651,893

1,464,734

17,625,343

64,741,774

31/12/2013

765,062,330

1,222,439

17,196,122

69,616,965

31/12/2012

804,303,343

1,234,545

16,556,113

40,276,017

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

189,021,506

187

12,000,000

2,118,145

31/12/2013

163,924,789

178

12,000,000

1,876,008

31/12/2012

188,184,972

179

12,000,000

1,716,532

 

 

Trends

 

Profitability

Liquidity

Net worth

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

49.92

Industry  average  payment

69.75

Industry  average  day  sales

297

expectation  days

 

outstanding

 

Day  sales  outstanding

31.27

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                --

 

NSSO DETAILS

Date of summons                    

 

 

Company information

 

Business  number

443676020

Company  name

POWER  TOOLS

 

 

 

DISTRIBUTION  NV

Fax  number

089510498

Date  founded

26/03/1991

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46620

Liable  for  VAT

yes

Activity  description

Wholesale  of  machine  tools

VAT  Number

BE.0443.676.020 Check VAT number

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

JIC  Code

140

Description

Joint  committee  for  the  transport

category

 

JIC  Code

226

Description

JC  employees  international  trade,  transport  &  related  activities

category

 

 

 

SIGNIFICANT  EVENTS

 

Event  Date

26/05/2014

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar 26-05-2014: Herbenoemd als bestuurders voor een periode van zes jaar: Stefaan Vertriest en Alex Bongaerts.

 

 

Company accounts

 

ASSETS

 

Annual  accounts

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

13,904,291

73.63

8,007,971

6.49

7,520,255

-7.69

8,146,880

-0.60

8,196,427

Intangible  fixed  assets

914,880

158

353,708

159

136,332

17.47

116,054

-38.20

187,790

Tangible  fixed  assets

12,967,026

69.86

7,633,997

3.69

7,362,046

-3.22

7,606,764

-1.05

7,687,132

Land  &  building

5,129,306

-6.88

5,507,984

-6.36

5,881,825

-7.12

6,332,732

-4.54

6,633,843

Plant  &  machinery

1,668,482

-8.77

1,828,911

51.11

1,210,335

15.20

1,050,648

6.80

983,753

Furniture  &  Vehicles

343,501

15.62

297,102

10.08

269,885

20.82

223,384

221

69,535

Leasing  &  Other  Similar

0

-

0

-

0

-

0

-

0

Rights

 

 

 

 

 

 

 

 

 

Other  tangible  assets

5,825,736

-

0

-

0

-

0

-

0

Financial  fixed  assets

22,386

10.46

20,266

-7.36

21,877

-94.84

424,063

31.90

321,505

Total  current  assets

175,117,215

12.31

155,916,818

-13.70

180,664,717

10.88

162,931,518

15.30

141,307,011

Inventories

105,645,412

14.85

91,986,387

-9.11

101,209,647

4.36

96,978,589

19.35

81,255,235

Raw  materials  &

0

-

0

-

0

-

0

-

0

consumables

 

 

 

 

 

 

 

 

 

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

105,645,412

14.85

91,986,387

-9.11

101,209,647

4.36

96,978,589

19.35

81,255,235

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

67,313,903

7.08

62,865,789

5.02

59,860,595

-8.45

65,387,846

28.62

50,837,297

Other  amounts  receivable

1,377,907

452

249,469

-59.93

622,546

84.05

338,256

251

96,218

Cash

455,462

-3.42

471,604

-97.48

18,695,721

1921608

973

-99

8,966,429

Miscellaneous  current

324,530

-5.54

343,570

24.39

276,207

22.29

225,855

48.75

151,831

assets

 

 

 

 

 

 

 

 

 

Total  Assets

189,021,506

15.31

163,924,789

-12.89

188,184,972

10.00

171,078,399

14.43

149,503,437

 

 

LIABILITIES

 

Total  shareholders  equity

18,540,222

5.64

17,549,830

5.14

16,692,446

316

4,009,802

20.42

3,329,771

Issued  share  capital

12,000,000

0

12,000,000

0

12,000,000

19412

61,500

0

61,500

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

6,540,222

17.85

5,549,830

18.27

4,692,446

18.85

3,948,302

20.81

3,268,271

Provisions  for  Liabilities  &

44,999

-

0

-100

14,458

11.22

13,000

-40.91

22,000

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

60,843

-18.99

75,106

-15.96

89,368

-13.76

103,630

-12.10

117,893

Creditors

170,375,442

16.46

146,299,854

-14.64

171,388,700

2.66

166,951,967

14.32

146,033,774

Other  long  term  loans

60,000,000

0

60,000,000

93.55

31,000,000

-48.33

60,000,000

71.43

35,000,000

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

60,105,842

0.05

60,075,106

93.14

31,103,826

-48.26

60,116,630

71.08

35,139,893

Current  portion  of  long  term

11,026

-7.67

11,942

-

0

-

0

-

0

debt

 

 

 

 

 

 

 

 

 

Financial  debts

493,307

-94.62

9,168,130

-

0

-100

20,173,836

-38.87

33,000,000

Trade  creditors

107,503,773

42.17

75,614,348

-45.47

138,668,715

63.12

85,010,807

12.89

75,306,283

Amounts  Payable  for  Taxes,

1,167,709

22.80

950,896

-2.84

978,737

21.70

804,241

2.16

787,232

Remuneration  &  Social

 

 

 

 

 

 

 

 

 

Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current

1,199,627

116

554,538

-25.19

741,248

-23.03

963,082

-50.36

1,940,259

liabilities

 

 

 

 

 

 

 

 

 

Total  current  liabilities

110,375,442

27.90

86,299,854

-38.53

140,388,700

31.26

106,951,967

-3.68

111,033,774

Total  Liabilities

189,021,506

15.31

163,924,789

-12.89

188,184,972

10.00

171,078,399

14.43

149,503,437

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

0.19

18.75

0.16

6.67

0.15

-6.25

0.16

-27.27

0.22

Return  on  capital  employed

1.86

18.47

1.57

-39.15

2.58

47.43

1.75

-48.98

3.43

Return  on  total  assets  employed

0.77

2.67

0.75

13.64

0.66

1.54

0.65

-26.14

0.88

Return  on  net  assets  employed

7.90

13.34

6.97

-5.81

7.40

-73.49

27.91

-29.63

39.66

Sales  /  net  working  capital

12.14

10.46

10.99

-44.97

19.97

54.93

12.89

-35.26

19.91

Stock  turnover  ratio

13.45

11.90

12.02

-4.45

12.58

-6.40

13.44

-0.30

13.48

Creditor  days

49.92

37.41

36.33

-42.41

63.08

46.43

43.08

-5.46

45.57

Debtor  days

31.27

4.27

29.99

10.38

27.17

-17.84

33.07

7.41

30.79

 

SHORT  TERM  STABILITY

 

Current  ratio

1.59

-12.15

1.81

40.31

1.29

-15.13

1.52

19.69

1.27

Liquidity  ratio  /  acid  ratio

0.63

-14.86

0.74

29.82

0.57

-8.06

0.62

14.81

0.54

Current  debt  ratio

5.95

20.93

4.92

-41.50

8.41

-68.47

26.67

-20.03

33.35

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

2,118,145

12.91

1,876,008

9.29

1,716,532

5.96

1,619,913

-12.74

1,856,442

Net  worth

17,625,343

2.50

17,196,122

3.87

16,556,113

325

3,893,748

23.93

3,141,980

 

LONG  TERM  STABILITY

 

Gearing

326.34

-17.21

394.19

112

185.71

-90.71

1,999.45

-2.09

2,042.18

Equity  in  percentage

9.86

-8.11

10.73

20.83

8.88

277

2.35

5.38

2.23

Total  debt  ratio

9.20

10.31

8.34

-18.79

10.27

-75.35

41.67

-5.08

43.90

Working  capital

64,741,774

-7.00

69,616,965

72.85

40,276,017

-28.05

55,979,552

84.91

30,273,237

 

 

PROFIT & LOSS

 

Operating  Income

786,124,541

2.67

765,648,797

-4.86

804,736,105

11.43

722,183,395

19.74

603,125,695

Turnover

785,651,893

2.69

765,062,330

-4.88

804,303,343

11.44

721,767,049

19.76

602,697,412

Total  operating  expenses

785,993,723

3.46

759,713,085

-5.31

802,315,774

11.38

720,317,030

19.42

603,192,128

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

786,466,371

3.44

760,299,553

-5.29

802,748,536

11.38

720,733,376

19.40

603,620,411

Employee  costs

9,879,037

8.76

9,083,073

0.13

9,071,459

8.17

8,385,985

12.52

7,452,669

Wages  and  salary

6,850,083

8.95

6,287,648

0.39

6,263,228

8.35

5,780,530

11.58

5,180,575

Employee  pension  costs

6,512

-39.00

10,674

30.81

8,160

-30.81

11,794

74.92

6,742

Social  security

2,297,510

8.11

2,125,140

-0.71

2,140,322

9.00

1,963,552

13.52

1,729,704

contributions

 

 

 

 

 

 

 

 

 

Other  employee  costs

724,933

9.90

659,611

-0.02

659,749

4.70

630,110

17.64

535,648

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and

1,100,055

11.01

990,926

4.89

944,691

3.56

912,183

4.18

875,625

depreciation

 

 

 

 

 

 

 

 

 

Operating  result

-341,831

-106

5,349,245

169

1,987,569

37.07

1,450,019

293

-494,717

Total  financial  income

3,537,999

769

406,864

-82.99

2,392,503

-7.16

2,576,973

-34.65

3,943,571

Total  financial  expenses

1,731,434

-61.81

4,533,670

44.13

3,145,528

8.18

2,907,737

36.63

2,128,110

Results  on  ordinary

1,464,734

19.82

1,222,439

-0.98

1,234,545

10.30

1,119,255

-15.26

1,320,745

operations  before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

5,410

305

1,335

-

-

-

-

-

-

Extraordinary  Charges

30,545

-

-

-

13,991

-

-

-

-

Extraordinary  items

-25,135

-1983

1,335

9.54

-13,991

-

0

-

0

Results  for  the  Year  Before Taxation

1,439,599

17.64

1,223,773

0.26

1,220,554

9.05

1,119,255

-15.26

1,320,745

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

435,771

23.46

352,953

-23.76

462,974

8.73

425,788

20.21

354,190

Results  on  ordinary

1,028,963

18.34

869,485

12.69

771,570

11.26

693,467

-28.25

966,555

operations  after  taxation

 

 

 

 

 

 

 

 

 

Net  result

1,018,090

15.03

885,082

14.67

771,842

9.06

707,729

-27.84

980,818

Profit  (Loss)  for  the  Year  to be  appropiated

1,018,090

15.03

885,082

14.67

771,842

9.06

707,729

-27.84

980,818

Dividends

-

-

-

-

-

-

-

-

26,882,990

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

 

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

157

Part-time  Employees

39

Total  Fte  Employees

187

Number  of  hours  worked

 

Full-time  Employees

258,551

Part-time  Employees

46,662

Total

305,213

Personnel  Charges

 

Full-time  Employees

8,519,721

Part-time  Employees

1,352,805

Total

9,872,526

Benefits  In  Addition  To  Wages

502,818

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

175

Actual  working  hours

284,286

Personnel  Charges

9,072,399

Benefits  In  Addition  To  Wages

504,951

 

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

152

36

180

Limited  Duration  Contracts

17

-

17

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

2

-

2

Secondairy  education

66

7

72

Higher  education  (non university)

21

1

22

Higher  education(university)

14

-

14

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

1

-

1

Secondairy  education

39

21

55

Higher  education  (non university)

20

6

25

Higher  education(university)

6

1

7

 

 

Working  Category

 

Full-Time

Part-Time

Total  Fte

Management

1

-

1

White  collar  worker

67

11

76

Blue  collar  worker

101

25

120

Other

-

-

-

 

 

Temporary  personnel

 

Total

Average  number  of  temporary  staff

33

Actual  working  hours

65,252

Cost  of  temporary  staff

1,536,045

 

 

New  staff  and  leavers

 

Full-Time

Part-Time

Total  Fte

New  Starters

26

-

26

Leavers

6

2

8

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

112

95

Number  of  training  hours

1,590

1,167

Net  costs  for  enterprise

113,928

60,455

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

110

96

Number  of  training  hours

2,799

2,190

Net  costs  for  enterprise

66,986

51,126

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry comparison

 

Activity  code

46620

Activity  description

Wholesale  of  machine  tools

 

 

Payment Information

 

PAYMENT  INFORMATION  SUMMARY

 

 

Total  number  of  Invoices  available

883

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

726

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

131

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

6

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

20

 

 

SUSPENSION  OF  PAYMENTS  /  MORATORIUM  HISTORY

 

Amount

-

Details

-

 

PAYMENT  EXPECTATIONS

 

Payment  expectation  days

49.92

Day  sales  outstanding

31.27

 

 

INDUSTRY  COMPARISON

 

Activity  code

46620

Activity  description

Wholesale  of  machine  tools

Industry  average  payment expectation  days

69.75

Industry  average  day  sales outstanding

297

 

 

Industry quartile analysis

 

PAYMENT  EXPECTATIONS

 

Company  result

49.92

Lower

77.04

Median

45.46

Upper

25.86

 

 

DAY SALES OUTSTANDING

 

Company  result

31.27

Lower

102.01

Median

73.94

Upper

47.08

 

 

Shareholder Details

 

SUMMARY

 

 

Group  -  Number  of  Companies

5

Linkages  -  Number  of  Companies

215

Number  of  Countries

49

 

 

GROUP STRUCTURE

 

Company  name

Latest

 

financials

- ATLAS  COPCO  INTERNATIONAAL  BV

 

- - ATLAS-COPCO-BELGIUM  NV

31-12-2014

- - ATLAS  COPCO  BUSINESS  SERVICES  NV

31-12-2014

- - INTERNATIONAL  COMPRESSOR  DISTRIBUTION  NV

31-12-2014

- - POWER  TOOLS  DISTRIBUTION  NV

31-12-2014

 

 

MINORITY SHAREHOLDERS

 

Business number

 

Company  name

%

Date  of accounts

-

ATLAS  COPCO  AB

0.01

-

 

 

MINORITY INTERESTS

 

Business number

 

Company  name

%

Date  of accounts

439928751

ATLAS COPCO FINANCE EUROPE NV

-

€75.000.000 31/12/2014

439928751

ATLAS COPCO FINANCE EUROPE NV

-

€75.000.00031/12/2014

439928751

ATLAS COPCO FINANCE EUROPE NV

-

€75.000.00031/12/2014

 

 

COMPANIES THAT MATCH THIS ADDRESS

 

No Companies Match this address

 

 

Linked Companies

 

SUMMARY

 

Group - Number of Companies                         5

Linkages - Number of Companies                    215

Number of Countries                                        49

 

 

LINKED COMPANIES

 

NAME

NUMBER

LATEST  KEY

FINANCIALS

TURNOVER

ATLAS COPCO (INDIA)

11-20566

31.03.2014

€406.932.052

ATLAS COPCO FINANCE BELGIUM

BVBA

821054421

31.12.2014

€3.848.342

ATLAS COPCO AIRPOWER NV

403992231

31.12.2014

€1.507.585.980

ATLAS COPCO UK HOLDINGS

LIMITED

01194804

31.12.2014

£1.121.000

ATLAS COPCO AKTIEBOLAG

5560142720

31.12.2014

-

EDWARDS HIGH VACUUM

INTERNATIONAL LIMITED

01148654

31.12.2014

£89.347.000

ATLAS COPCO FRANCE HOLDING

678200569

31.12.2014

€5.013.856

ATLAS COPCO HOLDING GMBH

HRB  7550

31.12.2013

€855.301.846

ATLAS COPCO LIMITED

00159809

31.12.2014

£182.699.000

ATLAS COPCO ROCK DRILLS

AKTIEBOLAG

5560779018

31.12.2014

7.961.808

ATLAS COPCO AS

910324381

31.12.2014

-

ATLAS COPCO DYNAPAC AB

5566550413

31.12.2013

-

DYNAPAC AB

5566550421

31.12.2014

-

ATLAS COPCO LUGNET TREASURY

AKTIEBOLAG

5562779537

31.12.2014

-

ATLAS COPCO BEHEER B.V.

23048106

31.12.2014

-

CONSTRUCTION TOOLS PC AB

5560697228

31.12.2014

387.393 KSEK

EDWARDS VACUUM LIMITED

01175680

31.12.2013

-

ATLAS COPCO SECOROC

AKTIEBOLAG

5560019019

31.12.2014

2.494.746

CONSTRUCTION TOOLS GMBH

HRB  11704

31.12.2012

€61.686.111

ATLAS COPCO CREPELLE

458501483

31.12.2014

€28.093.819

 

 

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

 

Position

Director

Start  Date

11/05/2013

Street

78 SCHAWIJKSTRAAT  RANST

Post  code

2520

Country

Belgium

Name

Stefaan  Vertriest

Name

Alex  Bongaerts

Position

Director

Start  Date

24/04/2008

Street

17 FUCHSIALAAN  KAPELLEN

Post  code

2950

Country

Belgium

 

 

FORMER DIRECTOR DETAILS

 

Name

Gunter  Koyen

Position

Director

Start  Date

01/02/2006

End  Date

01/01/2012

Street

34 VAN  BAVELLAAN  BRECHT

Post  code

2960

Country

Belgium

Name

NILS  SANDSTROM

Position

Director

Start  Date

01/02/2009

End  Date

01/01/2012

Street

8 FANJUNKAREVÄGEN

Post  code

70365

Country

Sweden

Name

TOR  SODERSTROM

Position

Director

Start  Date

24/10/2005

End  Date

31/12/2008

Street

 

Post  code

 

Country

 

Name

Per  Möller

Position

Director

Start  Date

31/03/2005

End  Date

24/04/2008

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

EUR

1

Rs.73.81

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 


 

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.