MIRA INFORM REPORT

 

 

Report No. :

308019

Report Date :

18.02.2015

 

IDENTIFICATION DETAILS

 

Name :

WARM  GCV

 

 

Registered Office :

Lange Ridderstraat 13, B-2800 Mechelen

 

 

Country :

Belgium

 

 

Date of Incorporation :

31.07.2014

 

 

Com. Reg. No.:

557919254

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Wholesale of Pharmaceuticals Goods.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

Status :

New Business

 

 

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 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 Summary

 

Business  number

557919254

Branche  Unit  Number

2233328592

Company  name

WARM  GCV

Address

--

Date  of  establishment

31/07/2014

Telephone  number

--

Fax  number

--

 

 

Commentary

 

No employees are recorded for this business.

 

 

Accounts

 

No key Financials Registered

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

expectation  days

131.76

Industry  average  day  sales

outstanding

143.57

 

 

Court data Summary

 

BANKRUPTCY DETAILS

Court action type                      No

PROTESTED BILLS

Bill amount                              -

NSSO DETAILS

Date of summons                     -

 

 

Company Information

 

Business  number

557919254

Company  name

WARM  GCV

Fax  number

 

Date  founded

31/07/2014

Company  status

active

Company  type

Limited  Partnership

Currency

Euro  (€)

Date  of  latest  accounts

-

Activity  code

46460

Liable  for  VAT

yes

Activity  description

Wholesale  of 

pharmaceutical goods

VAT  Number

BE.0557.919.254 

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

-

 

 

Company Accounts

 

Annual accounts

There is no data for this company

 

 

Industry comparison

 

Activity  code

46460

 

Activity  description

Wholesale  of  pharmaceutical  goods

 

industry  average  credit rating

61.92

 

Industry Average credit limit

125496.30

 

 

 

Payment Information

 

Payment Information Summary

Total number of Invoices available                                                                                              2

Total number of Invoices paid within or up to 30 days after the due date                                    2

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

-

Day  sales  outstanding

-

 

 

Industry  comparison

 

Activity  code

46460

Activity  description

Wholesale  of  pharmaceutical  goods

Industry  average  payment

expectation  days

131.76

Industry  average  day  sales

outstanding

143.57

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

-

Lower

112.79

Median

70.45

Upper

39

 

 

Day Sales Outstanding

Company  result

-

Lower

92.55

Median

50.69

Upper

28.01

 

 

Shareholder details

 

Summary

Group - Number of Companies             0

Linkages - Number of Companies        0

Number of Countries                            0

 

Group Structure

No group structure for this company.

 

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             0

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

RAYMOND  GUSTAVE  RUELENS

Position

Principal  Manager

Start  Date

01/08/2014

Street

13 LANGE  RIDDERSTRAAT  MECHELEN

Post  code

2800

Country

Belgium

 

 

Position

Non  Statutory  Partner

Start  Date

31/07/2014

Street

13 LANGE  RIDDERSTRAAT  MECHELEN

Post  code

2800

Country

Belgium

 

 

Position

Active  Partner

Start  Date

31/07/2014

Street

13 LANGE  RIDDERSTRAAT  MECHELEN

Post  code

2800

Country

Belgium

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.95.99

Euro

1

Rs.71.00

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

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.