MIRA INFORM REPORT

 

 

Report No. :

303023

Report Date :

12.01.2015

 

IDENTIFICATION DETAILS

 

Name :

AMERICAN CLOTHING ASSOCIATES NV

 

 

Registered Office :

Noorwegenstraat 17, 9940 Evergem

 

 

Country :

Belgium

 

 

Financials (as on) :

30.01.2013

 

 

Date of Incorporation :

06.12.1995

 

 

Com. Reg. No.:

456606219

 

 

Legal Form :

Public  Limited  Liability Company 

 

 

Line of Business :

Wholesale  of  wearing apparel, except work and underwear

 

 

No. of Employee :

236

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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                     456606219

Branche Unit Number               2075174943

Company name                        AMERICAN CLOTHING ASSOCIATES NV

Address                                   NOORWEGENSTRAAT 17

9940 EVERGEM

Number of staff                        236

Date of establishment               06/12/1995

Telephone number                   092523897

Fax number                              092726839

 

 

Commentary

 

The business was established over 19 years ago.

The business has 270 employees.

The business is part of a group.

The business has been at the address for over 11 years.

Operating Result in the latest trading period increased 177% on the previous trading period.

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

Pre-tax profits increased by 322% compared to the previous trading period.

The business saw an increase in their Cash Balance of 24% during the latest trading period.

Turnover in the latest trading period increased 118% on the previous trading period.

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/01/2013

157,214,065

657,421

10,480,199

11,802,593

31/01/2011

71,928,508

155,765

8,569,630

9,350,629

31/01/2010

99,359,318

1,289,443

10,249,612

12,438,187

 

 

 

 

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/01/2013

57,240,882

236

7,716,657

4,058,695

31/01/2011

58,048,133

256

7,716,657

2,375,333

31/01/2010

48,532,573

229

7,716,657

2,962,994

 

Payment Expectations

 

Past  payments

 

Payment  expectation  days

25.39

Industry  average  payment

121.53

Industry  average  day  sales

79.98

expectation  days

 

outstanding

 

Day  sales  outstanding

21.90

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type PROTESTED BILLS

No

 

 

 

Bill amount

-

 

 

 

NSSO DETAILS

Date of summons

-

 

 

 

 

 

Company Information

 

Business  number

456606219

Company  name

AMERICAN  CLOTHING ASSOCIATES  NV

Fax  number

092726839

Date  founded

06/12/1995

Company  status

active

Company  type

Public  Limited  Liability Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

30/01/2013

Activity  code

46423

Liable  for  VAT

yes

Activity  description

Wholesale  of  wearing apparel, except work and underwear

VAT  Number

BE.0456.606.219  Check  VAT Number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Joint Industrial Committee (JIC)

 

JIC Code          109

Description      JC for the industry of the clothing and garments firms

category

JIC Code          215

Description      JC for the employees in the cloting and garments firms

category

JIC Code          311

Description      Joint committee for the big retail sales

category

 

Significant Events

Event Date                    04/03/2011

Event Description         re-appointment of director(s)

Event Details                Commentaar 04-03-2011: Herbenoeming tot het jaar 2016: Louvrier Olivier (tevens gedelegeerd bestuurder) en NV Context.

 

 

Company accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

30-01-2013

%

31-01-2011

%

31-01-2010

%

31-05-2008

%

31-05-2007

Weeks

104

 

52

 

87

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

8,592,901

-25.53

11,538,260

14.09

10,113,341

539

1,580,394

96.57

804,000

Intangible  fixed  assets

3,516,740

-30.89

5,088,840

52.74

3,331,649

723

404,380

45.99

277,000

Tangible  fixed  assets

2,502,197

-35.55

3,882,368

-7.86

4,213,489

2296

175,813

40.65

125,000

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

72,176

-19.66

89,833

24.96

71,888

-

-

-

-

Furniture  &  Vehicles

146,878

27.86

114,872

5.39

109,000

-38.00

175,813

40.65

125,000

Leasing  &  Other  Similar  Rights

17,543

-72.08

62,845

-26.52

85,526

-

-

-

-

Other  tangible  assets

2,265,599

-37.32

3,614,818

-8.42

3,947,075

-

0

-

0

Financial  fixed  assets

2,573,965

0.27

2,567,053

-0.04

2,568,203

156

1,000,201

148

402,000

Total  current  assets

48,647,980

4.60

46,509,872

21.06

38,419,231

120

17,411,442

18.87

14,648,000

Inventories

25,878,479

15.33

22,439,220

25.47

17,883,842

277

4,741,899

1.95

4,651,000

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

1,255,000

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

24,758,920

10.34

22,439,220

25.47

17,883,842

277

4,741,899

39.59

3,397,000

Other  stocks

1,119,558

-

0

-

0

-

0

0

-1,000

Trade  debtors

9,430,717

-22.93

12,236,725

12.70

10,857,736

39.35

7,791,948

17.97

6,605,000

Other  amounts  receivable

6,336,332

14.95

5,512,204

159

2,122,257

-31.45

3,095,979

124

1,382,000

Cash

2,412,646

24.04

1,945,049

-17.71

2,363,664

229

717,550

-31.27

1,044,000

Miscellaneous  current  assets

1,623,133

29.16

1,256,666

6.74

1,177,370

1004

106,572

108

51,000

Total  Assets

57,240,882

-1.39

58,048,133

19.61

48,532,573

155

18,991,836

22.91

15,452,000

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

13,996,939

2.48

13,658,469

0.57

13,581,261

80.12

7,540,129

72.35

4,375,000

Issued  share  capital

7,716,657

0

7,716,657

0

7,716,657

209

2,497,135

447

456,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

6,280,282

5.70

5,941,812

1.32

5,864,604

16.29

5,042,994

28.68

3,919,000

Provisions  for  Liabilities  &  Charges

349,080

0

349,080

0

349,080

0

349,080

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

42,894,862

-2.60

44,040,583

27.28

34,602,232

211

11,102,627

0.23

11,077,000

Other  long  term  loans

5,684,475

-12.77

6,516,340

-23.17

8,481,187

100

4,222,500

546

653,000

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

365,000

0

365,000

160

140,000

-

0

-

0

Total  long  term  debts

6,398,555

-11.51

7,230,420

-19.40

8,970,267

96.22

4,571,580

600

653,000

Current  portion  of  long  term  debt

2,020,728

-61.69

5,274,487

52.37

3,461,633

165

1,305,000

536

205,000

Financial  debts

18,817,000

-3.75

19,550,000

55.16

12,600,140

313

3,050,000

-58.78

7,400,000

Trade  creditors

10,807,007

58.31

6,826,370

27.92

5,336,644

281

1,398,254

-45.93

2,586,000

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

2,616,927

-15.53

3,097,913

22.88

2,521,147

564

379,503

161

145,000

Miscellaneous  current  liabilities

2,583,725

7.19

2,410,474

16.93

2,061,481

175

747,370

749

88,000

Total  current  liabilities

36,845,387

-0.84

37,159,243

43.02

25,981,044

277

6,880,127

-34.00

10,424,000

Total  Liabilities

57,240,882

-1.39

58,048,133

19.61

48,532,573

155

18,991,836

22.91

15,452,000

 

Ratio  Analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.42

90.91

0.22

-83.08

1.30

-72.22

4.68

-20.54

5.89

Return  on  capital  employed

3.22

329

0.75

-86.89

5.72

-69.51

18.76

-65.87

54.97

Return  on  total  assets  employed

1.15

325

0.27

-89.85

2.66

-77.76

11.96

-33.15

17.89

Return  on  net  assets  employed

4.70

312

1.14

-87.99

9.49

-68.50

30.13

-52.31

63.18

Sales  /  net  working  capital

13.32

73.21

7.69

-3.75

7.99

73.70

4.60

-58.60

11.11

 

Stock  turnover  ratio

16.46

-47.24

31.20

73.33

18.00

84.05

9.78

-1.31

9.91

Creditor  days

25.39

-27.39

34.97

71.09

20.44

75.15

11.67

-48.27

22.56

Debtor  days

21.90

-64.73

62.10

55.68

39.89

-31.97

58.64

14.17

51.36

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.32

5.60

1.25

-15.54

1.48

-41.50

2.53

79.43

1.41

Liquidity  ratio  /  acid  ratio

0.62

-4.62

0.65

-17.72

0.79

-57.07

1.84

91.67

0.96

Current  debt  ratio

2.63

-3.31

2.72

42.41

1.91

109

0.91

-61.76

2.38

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

4,058,695

70.87

2,375,333

-19.83

2,962,994

122

1,333,788

-35.69

2,074,000

Net  worth

10,480,199

22.29

8,569,630

-16.39

10,249,612

43.64

7,135,749

74.13

4,098,000

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

189.49

-17.42

229.46

26.98

180.71

58.85

113.76

-39.73

188.75

Equity  in  percentage

26.05

1.01

25.79

-14.18

30.05

-25.93

40.57

40.72

28.83

Total  debt  ratio

3.09

-4.92

3.25

26.46

2.57

69.08

1.52

-39.92

2.53

Working  capital

11,802,593

26.22

9,350,629

-24.82

12,438,187

18.11

10,531,315

149

4,224,000

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

Operating  Income

159,802,520

120

72,397,590

-27.45

99,796,225

100

49,721,097

4.08

47,774,000

Turnover

157,214,065

118

71,928,508

-27.61

99,359,318

104

48,496,313

3.32

46,937,000

Total  operating  expenses

155,355,246

118

71,259,619

-25.22

95,293,839

117

43,715,495

4.49

41,836,000

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

157,943,701

120

71,728,701

-25.07

95,730,746

113

44,940,279

105

-42,674,000

Employee  costs

22,693,108

110

10,756,868

-7.93

11,682,752

492

1,970,394

9.22

1,804,000

Wages  and  salary

17,143,590

107

8,253,468

-2.50

8,465,364

496

1,418,384

9.19

1,299,000

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

4,687,518

111

2,215,242

-5.61

2,346,865

440

434,210

9.93

395,000

Other  employee  costs

861,999

199

288,158

-66.90

870,523

638

117,800

7.09

110,000

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

3,720,225

61.88

2,298,125

7.32

2,141,384

921

209,530

1.22

207,000

Operating  result

1,858,819

177

668,889

-83.55

4,065,479

-14.96

4,780,818

-6.28

5,101,000

Total  financial  income

2,733,585

69.42

1,613,514

8.94

1,481,101

-9.03

1,628,190

53.89

1,058,000

Total  financial  expenses

3,934,983

85.03

2,126,638

-50.05

4,257,137

2.90

4,137,112

121

-3,395,000

Results  on  ordinary  operations before  taxation

657,421

322

155,765

-87.92

1,289,443

-43.24

2,271,895

-17.80

2,764,000

 

Extraordinary  Income

23,426

-

-

-

5,958

-

-

-

3,000

 

Extraordinary  Charges

16,015

-74.86

63,695

48.41

42,918

-89.32

401,890

-

-

 

Extraordinary  items

7,411

11.64

-63,695

-72.33

-36,960

9.20

-401,890

-13496

3,000

 

Results  for  the  Year  Before Taxation

664,832

622

92,070

-92.65

1,252,483

-33.02

1,870,005

-32.42

2,767,000

 

Other  appropriations

-

-

-

-

-

-

-

-

-

 

Taxation

326,362

2095

14,862

-96.55

430,873

-42.22

745,748

82.77

-901,000

 

Results  on  ordinary  operations after  taxation

331,059

134

140,903

-83.59

858,570

-43.74

1,526,147

-58.36

3,665,000

 

Net  result

338,470

338

77,208

-90.60

821,610

-26.92

1,124,258

-39.78

1,867,000

 

Profit  (Loss)  for  the  Year  to  be

Appropriated

338,470

338

77,208

-90.60

821,610

-26.92

1,124,258

-39.78

1,867,000

 

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet  Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  30-01-2013

 

Full-time  Employees

201

Part-time  Employees

84

Total  Fte  Employees

250

Number  of  hours  worked

 

Full-time  Employees

616,667

Part-time  Employees

153,208

Total

769,875

Personnel  Charges

 

Full-time  Employees

18,177,094

Part-time  Employees

4,516,013

Total

22,693,108

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

245

Actual  working  hours

390,273

Personnel  Charges

10,756,868

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

176

94

236

 

Gender and Education Level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

17

3

19

Higher  education  (non university)

13

-

13

Higher  education (university)

-

-

-

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

12

23

26

Secondairy  education

96

58

133

Higher  education  (non university)

37

10

45

Higher  education(university)

1

-

1

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

172

93

231

Blue  collar  worker

4

1

5

Other

-

-

-

 

 

 

 

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

33

 

Actual  working  hours

 

6,417,166

 

Cost  of  temporary  staff

 

989,600

 

 

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

92

96

151

Leavers

120

92

169

 

 

Total  of  formal  continuing  vocational  training  initiatives for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

4

Number  of  training  hours

-

79

Net  costs  for  enterprise

1,176

8,408

 

INDUSTRY COMPARISON

 

Activity code

46423

Activity description

Wholesale of wearing apparel, except work and underwear

 

 

Payment INFORMATION

 

 

Payment Expectations

 

Payment expectations days          25.39

Day sales outstanding                   21.90

 

Industry  comparison

 

 

Activity  code

46423

Activity  description

Wholesale of wearing apparel, except work and underwear

Industry  average  payment expectation days

121.53

Industry average day sales outstanding

79.98

 

 

Industry quartile analysis

 

Payment Expectations

 

 

Company  result

25.39

Lower

79.93

Median

32.52

Upper

9.67

 

Day  Sales  Outstanding

 

 

Company  result

21.90

Lower

108.45

Median

49.86

Upper

19.26

 

Group  Structure

 

 

Company  name

Number

Latest Financials

 

 

 

- AMERICAN  CLOTHING  DISTRIBUTION  NV

476693731

31-01-2014

- - AMERICAN  CLOTHING  ASSOCIATES  NV

456606219

30-01-2013

- - - BBYS  CHAIN  BVBA

479088146

31-12-2013

- - - RW  ZOUTE  NV

471947263

31-01-2014

- - - SOMAX  IN  VEREFFENING  NV

459713187

31-01-2014

 

Minority Shareholders

No minority shareholder found

 

 

Minority  Interests

 

 

 

 

Business Number

Company  name

%

Date  of Accounts

20171519

American  Clothing  Associates  B.V.

0.5

31/12/2012

841082050

Idea  Movers  BVBA

0.13

31/12/2013

 

Companies  that  match  this  address

 

 

 

Business  number

Company  name

Date  of  accounts

438730208

ESCAPE  BVBA

31/12/2013

438730208

ESCAPE  BVBA

31/12/2013

459713187

SOMAX  IN  VEREFFENING  NV

31/01/2014

471947263

RW  ZOUTE  NV

31/01/2014

476693731

AMERICAN  CLOTHING  DISTRIBUTION  NV

31/01/2014

479088146

BBYS  CHAIN  BVBA

31/12/2013

479268783

TWEEDS  &  COTTONS  DISTRIBUTION  NV

31/12/2013

841082050

IDEA  MOVERS  BVBA

31/12/2013

878779814

MILES PER HOUR, AFGEKORT M.P.H. BVBA

31/12/2013

 

Linked  Companies

 

 

 

 

NAME

NUMBER

LATEST  KEY FINANCIALS

TURNOVER

ACA  GERMANY  GMBH

HRB  68245

31.01.2013

-

PAN-AMERICAN  S.R.L.

01937170973

31.12.2013

€4.643.062

RIVER  WOODS  OUTLET  WERTHEIM

HRB  570557

31.01.2013

-

GMBH

 

 

 

AMERICAN  CLOTHING  ASSOCIATES  B.V.

20171519

31.12.2012

-

SARL  RW  OUTLET  COMPANY

424205268

31.01.2010

€1.294.629

PLASTIPHARM  BVBA

476432326

30.06.2013

-

 

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

 

Name

OLIVIER  ERNEST  OSWALD  LOUVRIER

Position

Chairman  of  the  Board

Start  Date

04/03/2011

Date  of  birth

23/04/1966

Street

80 HORTENSIALAAN  KNOKKE-HEIST

Post  code

8300

Country

Belgium

 

 

Position

Managing  Director

Start  Date

05/03/2011

Date  of  birth

23/04/1966

Street

80 HORTENSIALAAN  KNOKKE-HEIST

Post  code

8300

Country

Belgium

 

Position

Director

Start  Date

03/03/2010

Date  of  birth

23/04/1966

Street

80 HORTENSIALAAN  KNOKKE-HEIST

Post  code

8300

Country

Belgium

 

 

Name

TWEEDS  &  COTTONS  NV

Position

Director

Start  Date

05/03/2011

Date  of  birth

14/07/1999

Street

17 BRABANTDAM  GENT

Post  code

9000

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

04/03/2011

Date  of  birth

14/07/1999

Street

17 BRABANTDAM  GENT

Post  code

9000

Country

Belgium

 

 

Name

CONTEXT  NV

Position

Director

Start  Date

26/01/2010

Date  of  birth

27/05/1987

Street

9 WATERSTRAAT  KNOKKE-HEIST

Post  code

8300

Country

Belgium

 

 

Name

XAVIER  PAINBLANC

Position

Director

Start  Date

05/02/2010

Street

 

Post  code

 

Country

 

 

 

Name

PATRICK  BASQUIN

Position

Director

Start  Date

17/02/2004

 

 

Former Director Details

 

Name

AUGUST SMEYERS

Position

Legal Representative

Start  Date

15/12/2003

End Date

Unknown date

 

 

Name

PAULO PEREIRA

Position

Director

Start  Date

24/11/2000

End  Date

Unknown  date

Street

 

Post  code

 

Country

 

Name

MOTA  HUGO

Position

Director

Start  Date

24/11/2000

End  Date

Unknown  date

Street

 

Post  code

 

Country

 

Name

PATRICK  BASQUIN

Position

Director

Start  Date

24/11/2000

End  Date

Unknown  date

Street

 

Post  code

 

Country

 

Name

INDAS,

Position

Director

Start  Date

19/04/1999

End  Date

Unknown  date

Street

 

Post  code

 

Country

 

Name

LAURENCE  PATRICIA  DENISE  LALO

Position

Director

Start  Date

28/01/1999

End  Date

Unknown  date

Street

5 ALLEE  CLAUDE  MONET  LEVALLOIS  PERRET

Post  code

 

Country

France

Name

CONTEXT  NV

Position

Legal  Representative

Start  Date

26/01/2010

End  Date

Unknown  date

Date  of  birth

27/05/1987

Street

9 WATERSTRAAT  KNOKKE-HEIST

Post  code

8300

Country

Belgium

Name

ADVIES  EN  BOEKHOUDING  A.B.C.  BVBA

Position

Director

Start  Date

09/12/2002

End  Date

Unknown  date

Date  of  birth

01/04/1992

Street

10 STATIONSSTRAAT  AALST

Post  code

9300

Country

Belgium

 

Position

Legal  Representative

Start  Date

15/12/2003

End  Date

Unknown  date

Date  of  birth

01/04/1992

Street

10 STATIONSSTRAAT  AALST

Post  code

9300

Country

Belgium

Name

COTTON  BLUE  IN  VEREFFENING  NV

Position

Principal  Manager

Start  Date

06/12/1995

End  Date

Unknown  date

Date  of  birth

08/12/1994

Street

3 ELLEVESTRAAT  GAVERE

Post  code

9890

Country

Belgium

Position

Managing  Director

Start  Date

28/01/1999

End  Date

Unknown  date

Date  of  birth

08/12/1994

Street

3 ELLEVESTRAAT  GAVERE

Post  code

9890

Country

Belgium


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.40

UK Pound

1

Rs.94.17

Euro

1

Rs.73.61

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 


 

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.