MIRA INFORM REPORT

 

 

Report No. :

356396

Report Date :

26.12.2015

 

IDENTIFICATION DETAILS

 

Name :

GILLEMAN TEXTILES NV

 

 

Registered Office :

Gomar  Vandewielelaan  75 9600 Ronse

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

01.01.1968

 

 

Com. Reg. No.:

400219822

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

 

 

No. of Employee :

12

 

 

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

400219822

Branche  Unit  Number

2003708115

Company  name

GILLEMAN  TEXTILES  NV

Address

GOMAR  VANDEWIELELAAN  75

 

9600 RONSE

Number  of  staff

12

Date  of  establishment

01/01/1968

Telephone  number

055237878

Fax  number

055237890

 

 

Ultimate  holding  company

 

Company  name

Company  Number

PETITE  BRUYERE

862118677

 

 

Commentary

 

The  business  was  established  over  47  years  ago.

The  business  has  12  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business.

The  business  has  been  at  the  address  for  over  47  years.

Net  Worth  decreased  by  22%  during  the  latest  trading  period.

Turnover  in  the  latest  trading  period  decreased  26%  on  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

30,747,010

-1,445,845

4,872,841

4,439,538

31/12/2013

41,661,611

-1,352,142

6,291,026

1,924,582

31/12/2012

39,517,182

-2,141,604

7,635,437

6,614,695

 

Accounts

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

22,723,200

12

5,767,000

-1,348,455

31/12/2013

26,847,286

13

5,767,000

-1,221,746

31/12/2012

26,049,703

13

5,767,000

-2,007,398

 

 

Trends

 

Profitability

Liquidity

Net  worth

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

10.71

Industry  average  payment

192.82

Industry  average  day  sales

129.11

expectation  days

 

outstanding

 

Day  sales  outstanding

79.19

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

 

PROTESTED  BILLS

Bill  amount

-

 

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

400219822

Company  name

GILLEMAN  TEXTILES  NV

Fax  number

055237890

Date  founded

01/01/1968

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46160

Liable  for  VAT

yes

Activity  description

Agents  involved  in  the  sale  of

textiles,  clothing,  fur, footwear  and  leather  goods

VAT  Number

BE.0400.219.822  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

100

Description

Additional  joint  committee  for  labourers

category

 

 

JIC  Code

 

218

Description

Additional  national  joint  committee  for  the  employees

category

 

 

Significant  Events

 

Event  Date

05/09/2013

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  05-09-2013:  Herbenoemd  als  bestuurders  voor  een  periode  van  6  jaar  :  Pierre  Gilleman

 

(tevens  gedelegeerd  bestuurder),  Emanuelle  Neirinck  en  NV  Jeanne  &  Co.

 

 

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

3,660,158

-47.53

6,976,105

61.10

4,330,209

49.32

2,899,859

-36.23

4,547,041

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

172,104

-28.83

241,835

-53.69

522,152

-12.75

598,454

-14.86

702,893

Land  &  building

30,961

-46.96

58,369

-34.46

89,053

-26.09

120,483

-20.79

152,099

Plant  &  machinery

9,996

-11.75

11,326

43.83

7,875

-

0

-100

625

Furniture  &  Vehicles

63,540

-5.95

67,559

-5.95

71,832

-15.11

84,616

-3.10

87,325

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

67,607

-35.35

104,580

-70.41

353,392

-10.16

393,355

-15.01

462,844

Financial  fixed  assets

3,488,054

-48.20

6,734,270

76.84

3,808,056

65.47

2,301,405

-40.13

3,844,148

Total  current  assets

19,063,042

-4.07

19,871,181

-8.51

21,719,494

10.47

19,660,916

-9.04

21,614,743

Inventories

10,702,796

-7.81

11,609,356

8.68

10,682,263

12.77

9,472,292

-6.97

10,182,142

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

10,702,796

-7.81

11,609,356

8.68

10,682,263

12.77

9,472,292

-6.97

10,182,142

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

6,671,023

-6.53

7,137,226

-30.93

10,332,974

4.58

9,880,015

-9.84

10,958,056

Other  amounts  receivable

779,207

120

353,291

354

77,802

-0.49

78,185

-49.96

156,251

Cash

869,915

18.78

732,401

17.88

621,335

169

230,424

-23.14

299,811

Miscellaneous  current  assets

40,102

3.07

38,907

659

5,121

-

0

-100

18,483

Total  Assets

22,723,200

-15.36

26,847,286

3.06

26,049,703

15.46

22,560,775

-13.76

26,161,784

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

4,872,841

-22.54

6,291,026

-17.61

7,635,437

-1.61

7,760,430

0.76

7,701,734

Issued  share  capital

5,767,000

0

5,767,000

0

5,767,000

53.79

3,750,000

0

3,750,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

-894,159

-270

524,026

-71.95

1,868,437

-53.41

4,010,430

1.49

3,951,734

Provisions  for  Liabilities  &

0

-

0

-

0

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

17,850,359

-13.16

20,556,260

11.63

18,414,266

24.42

14,800,345

-19.83

18,460,050

Other  long  term  loans

3,226,856

23.65

2,609,661

-21.15

3,309,467

-22.66

4,279,272

-18.48

5,249,077

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

3,226,856

23.65

2,609,661

-21.15

3,309,467

-22.66

4,279,272

-18.48

5,249,077

Current  portion  of  long  term  debt

982,206

1.28

969,805

0.31

966,805

-4.82

1,015,805

-3.83

1,056,293

Financial  debts

12,566,768

-16.71

15,088,241

32.70

11,370,000

29.74

8,764,000

-24.06

11,540,000

Trade  creditors

916,619

-44.49

1,651,204

-34.22

2,510,190

381

521,247

13.14

460,714

Amounts  Payable  for  Taxes,

106,793

-35.78

166,296

24.13

133,974

33.05

100,695

-7.41

108,751

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

51,119

-28.06

71,052

-42.62

123,830

3.77

119,326

163

45,215

Total  current  liabilities

14,623,504

-18.52

17,946,599

18.81

15,104,799

43.57

10,521,073

-20.36

13,210,973

Total  Liabilities

22,723,200

-15.36

26,847,286

3.06

26,049,703

15.46

22,560,775

-13.76

26,161,784

 

 

Ratio   analysis

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-4.70

-44.62

-3.25

59.96

-5.42

-4269

0.13

-97.49

5.18

Return  on  capital  employed

-17.85

-17.51

-15.19

77.62

-19.57

-4093

0.49

-97.33

18.35

Return  on  total  assets  employed

-6.36

-26.19

-5.04

61.31

-8.22

-3261

0.26

-97.14

9.08

Return  on  net  assets  employed

-29.67

-38.06

-21.49

76.61

-28.05

-3790

0.76

-97.54

30.85

Sales  /  net  working  capital

6.93

-67.99

21.65

262

5.97

24.38

4.80

-12.09

5.46

Stock  turnover  ratio

34.81

24.90

27.87

3.11

27.03

25.08

21.61

-2.61

22.19

Creditor  days

10.71

-25.78

14.43

-36.12

22.59

404

4.48

13.71

3.94

Debtor  days

79.19

26.64

62.53

-34.48

95.44

15.99

82.28

-5.62

87.18

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.30

17.12

1.11

-22.92

1.44

-22.99

1.87

14.02

1.64

Liquidity  ratio  /  acid  ratio

0.57

23.91

0.46

-36.99

0.73

-24.74

0.97

11.49

0.87

Current  debt  ratio

3.00

5.26

2.85

43.94

1.98

45.59

1.36

-20.93

1.72

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

-1,348,455

-10.37

-1,221,746

60.86

-2,007,398

-1126

195,483

-89.81

1,917,545

Net  worth

4,872,841

-22.54

6,291,026

-17.61

7,635,437

-1.61

7,760,430

0.76

7,701,734

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

344.27

16.02

296.74

44.81

204.92

13.12

181.16

-21.82

231.71

Equity  in  percentage

21.44

-8.49

23.43

-20.06

29.31

-14.80

34.40

16.85

29.44

Total  debt  ratio

3.66

11.93

3.27

35.68

2.41

26.18

1.91

-20.42

2.40

Working  capital

4,439,538

130

1,924,582

-70.90

6,614,695

-27.63

9,139,843

8.76

8,403,770

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

30,941,163

-26.21

41,933,398

5.47

39,759,419

-9.53

43,948,445

-4.22

45,882,480

Turnover

30,747,010

-26.20

41,661,611

5.43

39,517,182

-9.83

43,826,274

-4.47

45,876,480

Total  operating  expenses

31,238,880

-25.21

41,769,310

2.99

40,556,568

-4.50

42,465,719

-0.49

42,673,511

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

31,433,032

-25.23

42,041,097

3.04

40,798,805

-4.20

42,587,890

-0.21

42,679,511

Employee  costs

873,818

-3.87

908,977

8.54

837,474

25.61

666,726

4.97

635,139

Wages  and  salary

641,567

-3.85

667,247

11.13

600,428

31.05

458,179

6.29

431,060

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

180,515

-3.82

187,694

17.89

159,210

22.51

129,958

4.57

124,284

Other  employee  costs

51,736

-4.26

54,037

-30.58

77,837

-0.96

78,589

-1.51

79,795

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

69,731

-43.15

122,664

-8.86

134,596

-1.60

136,787

-3.36

141,539

Operating  result

-491,869

-356

-107,699

10.36

-1,039,386

-176

1,360,555

-57.52

3,202,969

Total  financial  income

147,127

36.71

107,622

-20.54

135,442

-38.94

221,833

-44.47

399,517

Total  financial  expenses

1,101,103

-18.56

1,352,066

9.24

1,237,660

-18.77

1,523,657

24.23

1,226,460

Results  on  ordinary  operations

-1,445,845

-6.93

-1,352,142

63.14

-2,141,604

-3746

58,731

-97.53

2,376,026

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

27,850

210

8,979

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

600,000

Extraordinary  items

27,850

210

8,979

-

0

-

0

0

-600,000

Results  for  the  Year  Before

-1,417,995

-5.57

-1,343,163

62.72

-2,141,604

-3746

58,731

-96.69

1,776,026

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

191

-84.71

1,247

220

389

1011

35

75.00

20

Results  on  ordinary  operations after  taxation

-1,446,035

-6.85

-1,353,389

63.18

-2,141,993

-3749

58,696

-97.53

2,376,006

Net  result

-1,418,185

-5.49

-1,344,410

62.76

-2,141,993

-3749

58,696

-96.70

1,776,006

Profit  (Loss)  for  the  Year  to  be appropiated

-1,418,185

-5.49

-1,344,410

62.76

-2,141,993

-3749

58,696

-96.70

1,776,006

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

 

 

 

 

 

 

Social  Balance  Sheet

 

 

 

Total

 

 

 

 

 

During  the  reporting  year

 

 

 

 

 

 

 

 

 

ended  31-12-2014

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

8

 

 

 

 

 

Part-time  Employees

 

 

 

4

 

 

 

 

 

Total  Fte  Employees

 

 

 

12

 

 

 

 

 

Number  of  hours  worked

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

14,669

 

 

 

 

 

Part-time  Employees

 

 

 

5,480

 

 

 

 

 

Total

 

 

 

20,149

 

 

 

 

 

Personnel  Charges

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

675,502

 

 

 

 

 

Part-time  Employees

 

 

 

171,746

 

 

 

 

 

Total

 

 

 

847,248

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

16,036

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

 

 

 

 

 

 

Average  number  employees  in  Fte

 

 

 

14

 

 

 

 

 

Actual  working  hours

 

 

 

24,118

 

 

 

 

 

Personnel  Charges

 

 

 

908,977

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

18,897

 

 

 

 

 

 

 

Type  of  Contract

Full-Time

 

 

Part-Time

 

 

Total  Fte

 

 

Unlimited  Duration

6

 

 

4

 

 

9

 

 

Contracts

 

 

 

 

 

 

 

 

 

Limited  Duration  Contracts

-

 

 

1

 

 

1

 

 

Contracts  For  Specific  Work

-

 

 

-

 

 

-

 

 

Contracts  Regarding Substitution

-

 

 

-

 

 

-

 

 

 

 

Gender  and  Education Level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

1

1

2

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

 

Women

 

Full-Time

 

Part-Time

 

Total  Fte

Primary  education

-

-

-

Secondairy  education

4

4

7

Higher  education  (non

1

-

1

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

6

4

9

Blue  collar  worker

-

1

1

Other

-

-

-

 

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

1

 

Actual  working  hours

 

644

 

Cost  of  temporary  staff

 

19,155

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

1

2

3

Leavers

6

1

7

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

1

2

Number  of  training  hours

16

32

Net  costs  for  enterprise

358

1,086

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

-

-

 

 

Industry  comparison

 

Activity  code

46160

Activity  description

Agents  involved  in  the  sale  of  textiles,  clothing,  fur,  footwear  and  leather  goods

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

5

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

5

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

0

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

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

Amount

-

Details

-

 

 

Payment  expectations

 

Payment  expectation  days

10.71

Day  sales  outstanding

79.19

 

 

Industry  comparison

 

Activity  code

46160

Activity  description

Agents  involved  in  the  sale  of  textiles,  clothing,  fur,  footwear  and  leather  goods

Industry  average  payment

192.82

expectation  days

 

Industry  average  day  sales outstanding

129.11

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

10.71

Lower

134.81

Median

52.47

Upper

13.96

 

 

Day  sales  outstanding

Company  result

79.19

Lower

89.21

Median

33.92

Upper

9.77

 

 

Shareholder  Details

 

Summary

 

 

 

 

 

Group  -  Number  of  Companies

7

 

 

 

 

Linkages  -  Number  of  Companies

0

 

 

 

 

Number  of  Countries

0

 

 

 

 

 

Group  Structure

 

 

 

Company  name

 

Number

Latest

 

 

 

financials

- PETITE  BRUYERE

 

862118677

31-12-2014

- - GILLEMAN  TEXTILES  NV

 

400219822

31-12-2014

- - - GILLEMAN  HONG  KONG  LTD

 

 

 

- - - GILLEMAN  ITALIA  SRL

 

 

 

- - - GILLEMAN  SPANJE

 

 

 

- - - GILLEMAN  TEXTILE  SHANGHAI

 

 

 

- - - GILLEMAN  USA

 

 

 

 

 

Minority  Shareholders

No  minority  shareholders  found

 

Minority  Interests

No  minority  interests  found

 

Individual  Shareholders

SHAREHOLDER  NAME

 

Forename

Pierre

Middle  name

-

Surname

Gilleman

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

18/01/2013(estimated)

End  date

-

Percentage  owned

-

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Kleine  Heide

House  number

11

Minor  town

-

Postal  town

Ronse

Post  code

9600

Country

Belgium

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

7

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

 

Position

Managing  Director

Start  Date

02/06/1992

Date  of  birth

07/11/1957

Street

11 KLEINE  HEIDE  RONSE

Post  code

9600

Country

Belgium

 

 

Name

Pierre  Gilleman

Position

Director

Start  Date

02/06/1992

Date  of  birth

07/11/1957

Street

11 KLEINE  HEIDE  RONSE

Post  code

9600

Country

Belgium

 

 

Position

Permanent  representative  legal  entity

Start  Date

28/05/2001

Date  of  birth

07/11/1957

Street

11 KLEINE  HEIDE  RONSE

Post  code

9600

Country

Belgium

 

 

Position

Person  responsible  for  day-to-day  management

Start  Date

23/05/1980

Date  of  birth

07/11/1957

Street

11 KLEINE  HEIDE  RONSE

Post  code

9600

Country

Belgium

 

 

Name

ADDED  VALUE  SOLUTION  SPRL

Position

Director

Start  Date

28/03/2011

Street

 

Post  code

 

Country

 

 

 

Name

Guy  Petit

Position

Director

Start  Date

28/03/2011

Street

132 BOULEVARD  DU  ROI  ALBERT  DOORNIK

Post  code

7500

Country

Belgium

 

 

Name

Emmanuèle  Neirinck

Position

Director

Start  Date

27/05/2002

Street

 

Post  code

 

Country

 

 

 

Name

JEANNE  EN  CO  NV

Position

Director

Start  Date

28/05/2001

Street

 

Post  code

 

Country

 

 

 

Name

@VEGA  SPRL

Position

Permanent  representative  legal  entity

Start  Date

28/03/2011

Street

 

Post  code

 

Country

 

 

 

Name

Frédéric  Bobée

Position

Permanent  representative  legal  entity

Start  Date

28/03/2011

Street

 

Post  code

 

Country

 

 

 

Former  director  details

 

Name

KEYDEV  SPRL

Position

Director

Start  Date

05/09/2013

End  Date

06/01/2014

Street

 

Post  code

 

Country

 

 

 

Name

Jean-Claude  François

Position

Director

Start  Date

05/09/2013

End  Date

06/01/2014

Street

 

Post  code

 

Country

 

 

 

Name

DEBLANC  BVBA

Position

Director

Start  Date

18/04/2011

End  Date

01/07/2012

Street

 

Post  code

 

Country

 

 

 

Name

Youri  Deblanc

Position

Permanent  representative  legal  entity

Start  Date

18/04/2011

End  Date

01/07/2012

Street

 

Post  code

 

Country

 

 

 

Former  mandates  in  other  companies

 

Name

JEANNE  EN  CO  NV

Business  number

455548919

Position

Director

Start  Date

28/05/2001

End  Date

27/05/2013

 

 

Business  number

455548919

Position

Permanent  representative  legal  entity

Start  Date

28/05/2001

End  Date

27/05/2013

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

Euro

1

Rs.72.55

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TRU

 


 

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.