MIRA INFORM REPORT

 

 

Report No. :

313143

Report Date :

23.03.2015

 

IDENTIFICATION DETAILS

 

Name :

MISTRAL  HOME  NV 

 

 

Registered Office :

Mistral  Home, Omgangstraat  31, 9750 Zingem

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

17.04.1993

 

 

Com. Reg. No.:

449881149

 

 

Legal Form :

Public  Limited  Liability

 

 

Line of Business :

Subject is engaged in wholesale of  wearing  apparel,  except  work  and  underwear.

 

 

No. of Employee :

26

 

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 :

Good

 

 

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 name

 

MISTRAL  HOME  NV 

 

Status

Court  data

Summons

Protested  Bills

active

no

no

no

 

 

 

 

Company  summary

 

 

 

Business  number

449881149

Branche  Unit  Number

2062171894

Company  name

MISTRAL  HOME  NV

Address

OMGANGSTRAAT  31

 

9750 ZINGEM

Number  of  staff

26

Date  of  establishment

17/04/1993

Telephone  number

093916585

Fax  number

 

 

 

Commentary

 

The  business  was  established  over  21  years  ago. The  business  has  20  employees.

The  business  has  been  at  the  address  for  over  20  years.

The  business  saw  an  increase  in  their  Cash  Balance  of  33%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

35,484,712

1,442,035

14,844,844

12,626,895

31/12/2012

31,476,443

1,389,355

13,415,645

9,369,325

31/12/2011

36,239,205

1,418,097

11,961,163

7,650,848

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

22,278,801

26

182,000

1,964,654

31/12/2012

21,948,378

25

244,000

1,940,619

31/12/2011

21,424,334

26

244,000

2,004,848

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

36.11

Industry  average  payment

121.48

Industry  average  day  sales

78.95

expectation  days

 

outstanding

 

Day  sales  outstanding

84.06

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

 

Company  information

 

Business  number

449881149

Company  name

MISTRAL  HOME  NV

Fax  number

 

Date  founded

17/04/1993

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

46423

Liable  for  VAT

yes

Activity  description

Wholesale  of  wearing

VAT  Number

BE.0449.881.149  Check  VAT

 

apparel,  except  work  and underwear

 

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

16/05/2013

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  16-05-2013:  Herbenoeming  bestuurders  en  gedelegeerd  bestuurders  voor  een  periode van  zes  jaar:  Luc  Vanderbauwhede  (tevens  voorzitter  van  de  raad  van  bestuur)  en  Marie-Claire  De Clercq.

 

 

Company  accounts

 

ASSETS

 

Annual  accounts

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

%

31-12-2009

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

4,156,615

-8.17

4,526,375

-8.84

4,965,566

-8.92

5,451,860

20.64

4,519,163

Intangible  fixed  assets

36,833

-58.06

87,833

-36.73

138,833

-37.84

223,333

-21.18

283,333

Tangible  fixed  assets

4,114,455

-7.23

4,435,007

-8.05

4,823,198

-7.68

5,224,203

23.49

4,230,521

Land  &  building

3,448,519

-4.44

3,608,655

-4.90

3,794,750

-4.67

3,980,845

1437

258,993

Plant  &  machinery

471,076

-24.64

625,068

-19.77

779,053

-12.26

887,928

151

353,602

Furniture  &  Vehicles

194,860

-3.19

201,284

-19.29

249,395

-29.83

355,430

-7.80

385,481

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

3,232,444

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

5,327

50.71

3,534

0

3,534

-18.26

4,324

-18.55

5,309

Total  current  assets

18,122,185

4.02

17,422,003

5.85

16,458,769

9.48

15,033,151

-7.71

16,289,837

Inventories

8,715,831

-3.27

9,010,507

-3.60

9,346,816

19.98

7,790,512

6.70

7,301,561

Raw  materials  &  consumables

4,815,331

-9.11

5,298,060

0.55

5,269,196

13.24

4,652,968

9.23

4,259,899

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

3,900,499

5.07

3,712,447

-8.96

4,077,620

29.96

3,137,544

3.15

3,041,663

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

8,171,965

19.78

6,822,214

60.00

4,263,856

-5.28

4,501,447

-29.10

6,349,394

Other  amounts  receivable

205

-99

600,749

-55.46

1,348,822

247

387,971

89.25

205,000

             

 

Cash

1,169,936

33.10

879,003

-36.26

1,378,966

-34.54

2,106,576

-1.04

2,128,810

Miscellaneous  current  assets

64,248

-25.29

85,999

7.55

79,961

71.43

46,644

-51.95

97,072

Total  Assets

22,278,801

1.51

21,948,378

2.45

21,424,334

4.59

20,485,011

-1.56

20,809,000

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

14,881,677

10.21

13,503,478

11.60

12,099,996

13.30

10,679,412

19.37

8,946,674

Issued  share  capital

182,000

-25.41

244,000

0

244,000

0

244,000

34.07

182,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

14,699,677

10.86

13,259,478

11.84

11,855,996

13.61

10,435,412

19.06

8,764,674

Provisions  for  Liabilities  &

0

-

0

-

0

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

7,397,124

-12.41

8,444,899

-9.43

9,324,338

-4.91

9,805,599

-17.34

11,862,326

Other  long  term  loans

1,901,834

384

392,221

-24.05

516,417

-23.56

675,550

-76.26

2,846,174

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

1,901,834

384

392,221

-24.05

516,417

-23.56

675,550

-76.26

2,846,174

Current  portion  of  long  term  debt

353,759

119

161,511

1.50

159,132

-1.24

161,129

-28.76

226,172

Financial  debts

1,300,000

-70.10

4,347,333

3.66

4,193,734

-13.02

4,821,547

26.43

3,813,567

Trade  creditors

3,329,198

1.30

3,286,336

-23.14

4,275,764

15.66

3,696,865

-3.52

3,831,653

Amounts  Payable  for  Taxes,

511,663

99

256,418

47.20

174,202

-1.33

176,548

-71.46

618,561

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

671

-37.86

1,079

-78.80

5,089

-98.14

273,960

-47.94

526,199

Total  current  liabilities

5,495,290

-31.76

8,052,678

-8.57

8,807,920

-3.53

9,130,050

1.26

9,016,153

Total  Liabilities

22,278,801

1.51

21,948,378

2.45

21,424,334

4.59

20,485,011

-1.56

20,809,000

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

4.06

-7.94

4.41

12.79

3.91

-18.20

4.78

-13.56

5.53

Return  on  capital  employed

8.59

-14.10

10.00

-11.03

11.24

-12.60

12.86

-0.39

12.91

Return  on  total  assets  employed

6.47

2.21

6.33

-4.38

6.62

-7.15

7.13

-2.60

7.32

Return  on  net  assets  employed

9.69

-5.83

10.29

-12.20

11.72

-14.26

13.67

-19.68

17.02

Sales  /  net  working  capital

2.81

-16.37

3.36

-29.11

4.74

-8.32

5.17

36.41

3.79

Stock  turnover  ratio

24.56

-14.22

28.63

11.01

25.79

1.10

25.51

-3.77

26.51

Creditor  days

36.11

-10.49

40.34

-11.50

45.58

-2.96

46.97

-13.90

54.55

Debtor  days

84.06

6.26

79.11

84.19

42.95

-20.18

53.81

-36.05

84.15

 

 

SHORT  TERM  STABILITY

 

Current  ratio

3.30

52.78

2.16

15.51

1.87

13.33

1.65

-8.84

1.81

Liquidity  ratio  /  acid  ratio

1.71

64.42

1.04

28.40

0.81

2.53

0.79

-21.00

1.00

Current  debt  ratio

0.37

-38.33

0.60

-17.81

0.73

-14.12

0.85

-15.84

1.01

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

1,964,654

1.24

1,940,619

-3.20

2,004,848

33.99

1,496,235

-15.34

1,767,337

Net  worth

14,844,844

10.65

13,415,645

12.16

11,961,163

14.39

10,456,078

20.69

8,663,340

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

23.89

-34.17

36.29

-9.82

40.24

-24.05

52.98

-31.17

76.97

Equity  in  percentage

66.91

8.32

61.77

8.65

56.85

7.85

52.71

20.92

43.59

Total  debt  ratio

0.50

-20.63

0.63

-18.18

0.77

-16.30

0.92

-30.83

1.33

Working  capital

12,626,895

34.77

9,369,325

22.46

7,650,848

29.61

5,903,101

-18.84

7,273,684

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

Operating  Income

35,733,977

14.71

31,152,862

-16.32

37,229,431

21.43

30,658,595

9.72

27,943,211

Turnover

35,484,712

12.73

31,476,443

-13.14

36,239,205

18.68

30,535,950

10.88

27,540,401

Total  operating  expenses

33,650,051

13.17

29,734,996

-13.15

34,238,486

19.18

28,729,441

12.05

25,638,697

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

33,899,316

15.26

29,411,414

-16.51

35,228,712

22.10

28,852,087

10.79

26,041,508

Employee  costs

1,410,623

2.58

1,375,110

15.54

1,190,122

10.50

1,077,039

4.24

1,033,224

Wages  and  salary

1,063,160

2.15

1,040,741

15.47

901,273

11.20

810,508

2.76

788,735

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

318,165

4.37

304,847

16.20

262,357

9.20

240,261

6.01

226,649

Other  employee  costs

29,298

-0.76

29,521

11.43

26,493

0.85

26,270

47.25

17,840

Director  remuneration

294,518

29.17

228,000

-9.57

252,135

26.44

199,403

-

-

Amortization  and  depreciation

524,455

-2.36

537,137

-8.07

584,263

1.99

572,863

10.27

519,509

Operating  result

1,834,661

5.35

1,741,447

-12.96

2,000,719

10.75

1,806,509

-5.01

1,901,703

Total  financial  income

29,547

11.92

26,400

-63.23

71,799

-22.95

93,189

-9.82

103,338

Total  financial  expenses

422,173

11.54

378,492

-42.16

654,421

48.76

439,909

-8.86

482,664

Results  on  ordinary  operations

1,442,035

3.79

1,389,355

-2.03

1,418,097

-2.86

1,459,789

-4.11

1,522,377

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

10,319

-51.95

21,474

854

2,249

-29.52

3,192

Extraordinary  Charges

-

-

10,665

-

-

-

242,608

642

32,663

Extraordinary  items

0

0

-347

-101

21,474

8.93

-240,359

-715

-29,471

Results  for  the  Year  Before

1,442,035

3.82

1,389,009

-3.51

1,439,571

18.05

1,219,430

-18.32

1,492,906

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,836

12.69

-14,474

-176

18,986

-93.59

296,058

20.80

245,078

Results  on  ordinary  operations after  taxation

1,440,199

2.59

1,403,829

0.34

1,399,111

20.23

1,163,731

-8.89

1,277,300

Net  result

1,440,199

2.62

1,403,482

-1.20

1,420,585

53.85

923,372

-26.00

1,247,828

Profit  (Loss)  for  the  Year  to  be appropiated

-

-

-

-

-

-

923,372

85.48

497,828

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

 

Social  Balance  Sheet  Details

 

 

 

 

 

 

 

 

 

Social  Balance  Sheet

 

 

 

Total

 

 

 

 

 

During  the  reporting  year

 

 

 

 

 

 

 

 

 

ended  31-12-2013

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

25

 

 

 

 

 

Part-time  Employees

 

 

 

2

 

 

 

 

 

Total  Fte  Employees

 

 

 

26

 

 

 

 

 

Number  of  hours  worked

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

41,300

 

 

 

 

 

Part-time  Employees

 

 

 

1,788

 

 

 

 

 

Total

 

 

 

43,088

 

 

 

 

 

Personnel  Charges

 

 

 

 

 

 

 

 

 

Full-time  Employees

 

 

 

1,375,578

 

 

 

 

 

Part-time  Employees

 

 

 

35,044

 

 

 

 

 

Total

 

 

 

1,410,623

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

-

 

 

 

 

 

During  the  previous  reporting  year

 

 

 

 

 

 

 

 

 

Average  number  employees  in  Fte

 

 

 

25

 

 

 

 

 

Actual  working  hours

 

 

 

42,982

 

 

 

 

 

Personnel  Charges

 

 

 

1,375,110

 

 

 

 

 

Benefits  In  Addition  To  Wages

 

 

 

40,080

 

 

 

 

 

Type  of  Contract

Full-Time

 

 

Part-Time

 

 

Total  Fte

 

 

Unlimited  Duration

25

 

 

2

 

 

26

 

 

Contracts

 

 

 

 

 

 

 

 

 

Limited  Duration  Contracts

-

 

 

-

 

 

-

 

 

Contracts  For  Specific  Work

-

 

 

-

 

 

-

 

 

Contracts  Regarding Substitution

 

-

 

 

-

 

 

-

 

 

 

Gender  and  Education Level

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

4

-

4

Higher  education  (non

8

-

8

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

2

1

Secondairy  education

2

-

2

Higher  education  (non

8

-

8

university)

 

 

 

Higher  education

3

-

3

(university)

 

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

21

-

21

Blue  collar  worker

4

2

5

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

1

 

Actual  working  hours

 

1,123

 

Cost  of  temporary  staff

 

23,147

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

1

-

1

Leavers

-

-

-

 

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

-

-

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

46423

Activity  description

Wholesale  of  wearing  apparel,  except  work  and  underwear

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

39

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

27

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

7

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

3

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

36.11

Day  sales  outstanding

84.06

Industry  comparison

 

Activity  code

46423

Activity  description

Wholesale  of  wearing  apparel,  except  work  and  underwear

Industry  average  payment

121.48

expectation  days

 

Industry  average  day  sales

78.95

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

36.11

Lower

77.63

Median

32.78

Upper

8.77

 

Day  sales  outstanding

 

Company  result

84.06

Lower

107.86

Median

49.93

Upper

18.63

 

 

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

 

 

Individual  Shareholders

 

SHAREHOLDER  NAME

 

Forename

Marie-Claire

Middle  name

-

Surname

De  Clercq

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

28/12/2010

End  date

-

Percentage  owned

50%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Omgangstraat

House  number

31

Minor  town

-

Postal  town

Zingem

Post  code

9750

Country

Belgium

SHAREHOLDER  NAME

 

 

 

Forename

Luc

Middle  name

Adolf

Surname

Vanderbauwhede

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

28/12/2010

End  date

-

Percentage  owned

50%

 

 

 

SHAREHOLDER  ADDRESS

 

Street  name

Omgangstraat

House  number

 

31

 

Minor  town

-

Postal  town

 

Zingem

 

Post  code

9750

Country

 

Belgium

 

Companies  that  match  this  address

 

 

 

 

 

Business  number

Company  name

 

Rating

Limit

Date  of  accounts

559905378

MISTRAL  HOME  INTERNATIONAL  BVBA

 

31

0

-

823841883

M.H.  -  RETAIL  BVBA

 

49

0

31/12/2013

823849506

M.P.T.  MISTRAL  PROFESSIONAL  TEXTILES  NV

 

64

11000

31/12/2013

 

 

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

LUC  GENTIEL  ADOLF  VANDERBAUWHEDE

Position

Chairman  of  the  Board

Start  Date

12/07/2010

Date  of  birth

10/03/1953

Street

31 OMGANGSTRAAT  ZINGEM

Post  code

9750

Country

Belgium

Position

Managing  Director

Start  Date

12/07/2010

Date  of  birth

10/03/1953

Street

31 OMGANGSTRAAT  ZINGEM

Post  code

9750

Country

Belgium

Position

Director

Start  Date

12/07/2010

Date  of  birth

10/03/1953

Street

31 OMGANGSTRAAT  ZINGEM

Post  code

9750

Country

Belgium

Name

MARIE-CLAIRE  DE  CLERCQ

Position

Managing  Director

Start  Date

12/07/2010

Date  of  birth

03/04/1955

Street

31 OMGANGSTRAAT  ZINGEM

Post  code

9750

Country

Belgium

Position

Director

Start  Date

31/07/2007

Date  of  birth

03/04/1955

Street

31 OMGANGSTRAAT  ZINGEM

Post  code

9750

Country

Belgium

Former  director  details

 

Name

FALC  GROUP  NV

Position

Director

Start  Date

23/03/2001

End  Date

Unknown  date

Date  of  birth

09/12/1998

Street

15 KARREWEG  NAZARETH

Post  code

9810

Country

Belgium

Position

Legal  Representative

Start  Date

17/05/2007

End  Date

Unknown  date

Date  of  birth

09/12/1998

Street

15 KARREWEG  NAZARETH

Post  code

9810

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.49

UK Pound

1

Rs.92.26

Euro

1

Rs.66.80

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.