MIRA INFORM REPORT

 

 

Report No. :

329267

Report Date :

24.06.2015

 

IDENTIFICATION DETAILS

 

Name :

SOCIÉTÉ  DES  MARCHÉS  EXTÉRIEURS  SA 

 

 

Registered Office :

Avenue  Des  Arts  1-2, 1210 Bruxelles

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

03.04.1964

 

 

Com. Reg. No.:

402178232

 

 

Legal Form :

Public  Limited  Liability

 

 

Line of Business :

Subject is engaged in wholesale  of  weavings, fabrics  and  sewing  notions

 

 

No. of Employee :

13

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 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 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 name

 

SOCIÉTÉ  DES  MARCHÉS  EXTÉRIEURS  SA 

 

 

Company  summary

 

Business  number

402178232

Branche  Unit  Number

2000358645

Company  name

SOCIÉTÉ  DES  MARCHÉS  EXTÉRIEURS  SA

Address

AVENUE  DES  ARTS  1-2

 

1210 BRUXELLES

Number  of  staff

13

Date  of  establishment

03/04/1964

Telephone  number

022190620

Fax  number

022174300

 

 

Ultimate  holding  company

 

Company  name

Company  Number

Société  des  Marchés  Extérieurs  SA

402178232

 

 

Commentary

 

The  business  was  established  over  51  years  ago. The  business  has  13  employees.

The  business  is  part  of  a  group.

This  business  has  a  foreign  parent  business.

 The  business  has  been  at  the  address  for  over  19  years.

A  30%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

The  business  saw  a  decrease  in  their  Cash  Balance  of  57%  during  the  latest  trading  period.

Turnover  in  the  latest  trading  period  increased  24%  on  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

37,375,638

22,236

2,227,567

1,926,163

31/12/2013

29,957,787

23,159

2,205,331

1,946,381

31/12/2012

31,080,441

26,990

2,182,758

2,354,422

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

25,302,237

13

1,250,000

57,063

31/12/2013

19,439,333

12

1,250,000

41,712

31/12/2012

20,705,552

14

1,250,000

56,529

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

62.33

Industry  average  payment

87.37

Industry  average  day  sales

95.06

expectation  days

 

outstanding

 

Day  sales  outstanding

199.27

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

402178232

Company  name

SOCIÉTÉ  DES  MARCHÉS

 

 

 

EXTÉRIEURS  SA

Fax  number

022174300

Date  founded

03/04/1964

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46411

Liable  for  VAT

yes

Activity  description

Wholesale  of  weavings,

VAT  Number

BE.0402.178.232  Check  VAT

 

fabrics  and  sewing  notions

 

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

28/12/2012

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaire  28-12-2012:  Renouvellement  des  mandats  d'administrateur  d'Isidore  Wajdenbaum  et

 

de  Claude  Perahia  jusqu'à  l'assemblée  générale  ordinaire  de  2018.

 

 

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

301,404

16.12

259,574

-2.50

266,223

-3.28

275,257

1.12

272,196

Intangible  fixed  assets

0

-

0

-

0

-100

8,622

-60.70

21,939

Tangible  fixed  assets

94,148

86.53

50,474

-14.74

59,198

3.49

57,202

80.91

31,619

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

34,956

146

14,199

46.60

9,686

-14.49

11,327

-16.02

13,487

Furniture  &  Vehicles

59,192

63.18

36,275

-26.73

49,512

7.93

45,875

153

18,132

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

207,256

-0.88

209,099

1.00

207,026

-1.15

209,433

-4.21

218,638

Total  current  assets

25,000,833

30.35

19,179,759

-6.16

20,439,329

-12.86

23,455,274

15.86

20,245,261

Inventories

-

-

41,036

46.45

28,020

-72.44

101,682

45.05

70,101

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-100

41,036

46.45

28,020

-72.44

101,682

45.05

70,101

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

20,405,176

52.25

13,402,519

-8.01

14,569,753

-23.26

18,985,562

22.79

15,462,230

Other  amounts  receivable

99,336

-67.70

307,515

-33.63

463,344

977

43,006

-50.32

86,571

Cash

349,078

-57.91

829,285

-34.68

1,269,493

436

236,634

-61.41

613,219

Miscellaneous  current  assets

4,147,243

-9.83

4,599,404

11.94

4,108,719

0.50

4,088,389

1.88

4,013,140

Total  Assets

25,302,237

30.16

19,439,333

-6.12

20,705,552

-12.75

23,730,530

15.66

20,517,457

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

2,227,567

1.01

2,205,331

1.03

2,182,758

1.25

2,155,768

5.02

2,052,704

Issued  share  capital

1,250,000

0

1,250,000

0

1,250,000

0

1,250,000

0

1,250,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

977,567

2.33

955,331

2.42

932,758

2.98

905,768

12.84

802,704

Provisions  for  Liabilities  &

0

-

0

-

0

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

23,074,670

33.89

17,234,002

-6.96

18,522,795

-14.15

21,574,762

16.84

18,464,753

Other  long  term  loans

-

-

624

-99

437,888

-1.55

444,764

2.99

431,835

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-100

624

-99

437,888

-1.55

444,764

2.99

431,835

Current  portion  of  long  term  debt

624

-91.41

7,264

5.64

6,876

-17.59

8,344

-21.93

10,688

Financial  debts

16,279,545

26.93

12,825,662

-2.65

13,174,869

-10.37

14,699,285

2.53

14,335,988

Trade  creditors

6,320,441

60.47

3,938,764

-10.90

4,420,644

-25.51

5,934,749

87.88

3,158,719

Amounts  Payable  for  Taxes,

89,103

1.79

87,532

6.31

82,333

4.10

79,093

-16.67

94,914

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

384,958

2.89

374,156

-6.50

400,185

-2.04

408,528

-5.57

432,609

Total  current  liabilities

23,074,670

33.90

17,233,378

-4.71

18,084,907

-14.41

21,129,998

17.17

18,032,918

Total  Liabilities

25,302,237

30.16

19,439,333

-6.12

20,705,552

-12.75

23,730,530

15.66

20,517,457

 

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.06

-25.00

0.08

-11.11

0.09

-70.0

0.30

23.26

-1.29

Return  on  capital  employed

1.00

-4.76

1.05

1.94

1.03

-73.25

3.85

27.96

-13.77

Return  on  total  assets  employed

0.09

-25.00

0.12

-7.69

0.13

-69.05

0.42

25.15

-1.67

Return  on  net  assets  employed

1.00

-4.76

1.05

-15.32

1.24

-73.28

4.64

27.83

-16.67

Sales  /  net  working  capital

19.40

26.06

15.39

16.59

13.20

-9.15

14.53

21.39

11.97

Stock  turnover  ratio

-

-

0.14

55.56

0.09

-70.0

0.30

15.38

0.26

Creditor  days

62.33

28.52

48.50

-7.12

52.22

-19.35

64.75

47.06

44.03

Debtor  days

199.27

22.03

163.29

-4.56

171.10

-16.58

205.11

-3.78

213.16

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.08

-2.70

1.11

-1.77

1.13

1.80

1.11

-0.89

1.12

Liquidity  ratio  /  acid  ratio

1.08

-2.70

1.11

-1.77

1.13

1.80

1.11

-0.89

1.12

Current  debt  ratio

10.36

32.65

7.81

-5.79

8.29

-15.41

9.80

11.62

8.78

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

57,063

36.80

41,712

-26.21

56,529

-60.27

142,267

45.94

-309,692

Net  worth

2,227,567

1.01

2,205,331

1.03

2,182,758

1.66

2,147,146

5.73

2,030,765

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

730.85

25.59

581.93

-6.74

623.96

-11.23

702.88

-2.37

719.95

Equity  in  percentage

8.80

-22.40

11.34

7.59

10.54

15.95

9.09

-9.28

10.02

Total  debt  ratio

10.36

32.65

7.81

-8.01

8.49

-15.18

10.01

11.22

9.00

Working  capital

1,926,163

-1.04

1,946,381

-17.33

2,354,422

1.25

2,325,276

5.10

2,212,343

 

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

37,396,595

24.82

29,960,717

-3.72

31,119,428

-7.90

33,789,573

27.58

26,485,459

Turnover

37,375,638

24.76

29,957,787

-3.61

31,080,441

-8.01

33,786,216

27.61

26,476,512

Total  operating  expenses

37,010,328

24.85

29,642,814

-4.06

30,898,114

-7.65

33,457,021

27.76

26,187,912

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

37,031,284

24.91

29,645,743

-4.17

30,937,101

-7.54

33,460,378

27.73

26,196,859

Employee  costs

781,643

1.73

768,373

-5.88

816,382

1.26

806,259

-17.51

977,427

Wages  and  salary

590,146

0.54

586,961

-5.36

620,174

-1.86

631,911

-10.25

704,118

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

159,078

-0.32

159,587

-5.10

168,167

0.49

167,347

-16.48

200,369

Other  employee  costs

32,419

48.54

21,825

-22.17

28,040

300

7,001

-90.40

72,940

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

34,826

81.97

19,139

-35.21

29,539

-24.65

39,204

3.58

37,849

Operating  result

365,311

15.98

314,973

72.75

182,327

-44.61

329,195

14.07

288,600

Total  financial  income

2,604,438

28.10

2,033,183

-47.05

3,840,084

19.31

3,218,498

18.29

2,720,772

Total  financial  expenses

2,947,513

26.77

2,324,997

-41.81

3,995,422

15.89

3,447,589

2.86

3,351,583

Results  on  ordinary  operations

22,236

-3.98

23,159

-14.19

26,990

-73.04

100,104

29.25

-342,212

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-

0

-

0

-

0

-

0

Results  for  the  Year  Before

22,236

-3.98

23,159

-14.19

26,990

-73.04

100,104

29.25

-342,212

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

0

-100

586

-

0

0

-2,960

-155

5,330

Results  on  ordinary  operations

22,236

-1.49

22,573

-16.36

26,990

-73.81

103,064

29.66

-347,542

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

22,236

-1.49

22,573

-16.36

26,990

-73.81

103,064

29.66

-347,541

Profit  (Loss)  for  the  Year  to  be appropiated

22,236

-1.49

22,573

-16.36

26,990

-73.81

103,064

29.66

-347,541

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet  Details

 

 

 

 

 

 

 

 

 

Social  Balance  Sheet

 

Total

 

 

 

 

 

 

 

During  the  reporting  year

 

 

 

 

 

 

 

 

 

ended  31-12-2014

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

11

 

 

 

 

 

 

 

Part-time  Employees

 

4

 

 

 

 

 

 

 

Total  Fte  Employees

 

13

 

 

 

 

 

 

 

Number  of  hours  worked

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

18,521

 

 

 

 

 

 

 

Part-time  Employees

 

3,212

 

 

 

 

 

 

 

Total

 

21,733

 

 

 

 

 

 

 

Personnel  Charges

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

682,459

 

 

 

 

 

 

 

Part-time  Employees

 

99,184

 

 

 

 

 

 

 

Total

 

781,643

 

 

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

3,160

 

 

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

 

 

 

 

 

 

Average  number  employees  in  Fte

 

13

 

 

 

 

 

 

 

Actual  working  hours

 

22,053

 

 

 

 

 

 

 

Personnel  Charges

 

768,373

 

 

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

3,160

 

 

 

 

 

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

 

 

 

 

 

 

Unlimited  Duration

11

3

13

 

 

 

 

 

 

Contracts

 

 

 

 

 

 

 

 

 

Limited  Duration  Contracts

-

-

-

 

 

 

 

 

 

Contracts  For  Specific  Work

-

-

-

 

 

 

 

 

 

Contracts  Regarding

Substitution

1

-

1

 

 

 

 

 

 

Gender  and  Education Level

 

 

 

 

 

 

 

 

 

Men

Full-Time

Part-Time

Total  Fte

 

 

 

 

 

 

Primary  education

-

-

-

 

 

 

 

 

 

Secondairy  education

1

-

1

 

 

 

 

 

 

Higher  education  (non

-

1

0

 

 

 

 

 

 

university)

 

 

 

 

 

 

 

 

 

Higher  education

2

-

2

 

 

 

 

 

 

(university)

 

 

 

 

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

 

 

 

 

 

 

Primary  education

-

-

-

 

 

 

 

 

 

Secondairy  education

4

1

5

 

 

 

 

 

 

Higher  education  (non

3

1

4

 

 

 

 

 

 

university)

 

 

 

 

 

 

 

 

 

Higher  education

2

-

2

 

 

 

 

 

 

(university)

 

 

 

 

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

 

 

 

 

 

 

Management

-

-

-

 

 

 

 

 

 

White  collar  worker

12

2

13

 

 

 

 

 

 

Blue  collar  worker

-

1

1

 

 

 

 

 

 

Other

-

-

-

 

 

 

 

 

 

Temporary  personnel

 

Total

 

 

 

 

 

 

 

Average  number  of  temporary  staff

 

-

 

 

 

 

 

 

 

Actual  working  hours

 

-

 

 

 

 

 

 

 

Cost  of  temporary  staff

 

-

 

 

 

 

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

 

 

 

 

 

 

New  Starters

2

-

2

 

 

 

 

 

 

Leavers

0

2

1

 

 

 

 

 

 

 

 

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

-

1

Number  of  training  hours

-

20

Net  costs  for  enterprise

-

2,200

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

46411

Activity  description

Wholesale  of  weavings,  fabrics  and  sewing  notions

industry  average  credit

rating

61.57

Industry  average  credit  limit

23939.40

 

 

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

62.33

Day  sales  outstanding

199.27

 

 

Industry  comparison

 

Activity  code

46411

Activity  description

Wholesale  of  weavings,  fabrics  and  sewing  notions

Industry  average  payment

87.37

 

 

expectation  days

 

Industry  average  day  sales

95.06

outstanding

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

62.33

Lower

87.07

Median

49.58

Upper

19.25

 

Day  sales  outstanding

 

Company  result

199.27

Lower

100.53

Median

42.27

Upper

17.14

 

 

Shareholder  Details

 

Summary

 

 

 

Group  -  Number  of  Companies

2

 

 

Linkages  -  Number  of  Companies

1

 

 

Number  of  Countries

1

 

 

Group  Structure

 

 

 

 

 

 

 

Company  name

 

Safe

Latest

 

 

number

financials

- SOCIÉTÉ  DES  MARCHÉS  EXTÉRIEURS  SA

 

BE00019395

31-12-2014

- - SOMEX  INDIA  IMPEX  PRIVATE  LIMITED

 

 

 

 

Minority  Shareholders

 

No  minority  shareholders  found

 

Minority  Interests

 

Business

Company  name

%

Date  of

number

 

 

accounts

459432481

Xy-Design  et  Diffusion  SA

50

31/12/2014

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

2

Linkages  -  Number  of  Companies

1

Number  of  Countries

1

 

 

Linked  Companies

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

XY-DESIGN  ET  DIFFUSION  SA

459432481

31.12.2014

--

 

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

ISIDORE  WAJDENBAUM

Position

Managing  Director

Start  Date

12/04/2011

End  Date

12/04/2017

Street

7 AVENUE  D'ITALIE  BRUXELLES

Post  code

1050

Country

Belgium

 

 

Position

Director

Start  Date

18/04/2005

Street

7 AVENUE  D'ITALIE  BRUXELLES

Post  code

1050

Country

Belgium

 

 

Name

SIDNEY  MELVIN  HASSON

Position

Director

Start  Date

08/04/2014

End  Date

11/04/2018

Street

25 AVENUE  BON  AIR  RHODE-SAINT-GENESE

Post  code

1640

Country

Belgium

 

 

Name

DAVID  HASSON

Position

Director

Start  Date

28/12/2012

End  Date

11/04/2018

Street

119 AV.  FRANKLIN  ROOSEVELT  BRUXELLES

Post  code

1050

Country

Belgium

 

 

Former  director  details

 

Name

LÉON  CLAUDE  PERAHIA

Position

Director

Start  Date

13/04/2010

End  Date

08/04/2014

Date  of  birth

30/07/1952

Street

49 RUE  DU  FONDS-DE-L'EAU  COUVIN

Post  code

5660

Country

Belgium

 

 

Name

ROBERT  BIESMANS

Position

Director

Start  Date

07/06/2005

End  Date

Unknown  date

Street

1 PINCEGUERRE

Post  code

24140

Country

France

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.64

UK Pound

1

Rs.100.41

Euro

1

Rs.71.63

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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.