MIRA INFORM REPORT

 

 

Report No. :

320761

Report Date :

12.05.2015

 

IDENTIFICATION DETAILS

 

Name :

NUTRI-AD INTERNATIONAL NV

 

 

Registered Office :

Hoogveld 93 9200 Dendermonde

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

13.12.1994

 

 

Com. Reg. No.:

454140538

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Wholesale of cattle feeds

 

 

No. of Employees :

42 (2013)

 

 

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 :

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 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 government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. 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 summary

 

Business  number

454140538

Branche  Unit  Number

2136711545

Company  name

NUTRI-AD  INTERNATIONAL  NV

Address

HOOGVELD  93

 

9200 DENDERMONDE

Number  of  staff

42

Date  of  establishment

13/12/1994

Telephone  number

014551990

Fax  number

014551915

 

 

Ultimate  holding  company

 

Company  name

Company  Number

Inve  Europe  NV

436710430

 

 

Commentary

 

The business was established over 20 years ago.

The business has 31 employees.

The business is part of a group.

The business has been at the address for over 4 years.

The business saw a decrease in their Cash Balance of 83% during the latest trading period.

Working Capital is a negative amount during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

42,363,915

-921,919

743,835

-3,283,253

31/12/2012

39,677,760

-972,629

-2,068,533

-6,529,528

31/12/2011

39,791,253

-2,570,749

-654,476

-5,236,232

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

30,509,851

42

3,825,000

234,608

31/12/2012

28,668,947

47

75,000

-534,829

31/12/2011

26,844,673

30

75,000

-2,472,151

 

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

59.54

Industry  average  payment

60.02

Industry  average  day  sales

90.18

expectation  days

 

outstanding

 

Day  sales  outstanding

95.92

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                                  no

PROTESTED BILLS

Bill amount                                          -

NSSO DETAILS

Date of summons                                 -

 

 

Company information

 

Business  number

454140538

Company  name

NUTRI-AD  INTERNATIONAL

 

 

 

NV

Fax  number

014551915

Date  founded

13/12/1994

Company  status

active

Company  type

Public  Limited  Liability

 

 

 

Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

46212

Liable  for  VAT

yes

Activity  description

Wholesale  of  cattle  feeds

VAT  Number

BE.0454.140.538  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

218

Description

Additional  national  joint  committee  for  the  employees

category

 

Significant  Events

 

Event  Date

10/05/2013

Event  Description

authority  appointed

Event  Details

Commentaar  10-05-2013:  Intrekking  volmacht  van  Filip  De  Groote.

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

4,662,072

-10.63

5,216,533

-3.14

5,385,367

527

858,843

-8.57

939,350

Intangible  fixed  assets

59,741

6.01

56,353

149

22,552

78.31

12,647

-28.76

17,752

Tangible  fixed  assets

4,569,386

-10.38

5,098,419

-3.61

5,289,288

553

808,851

-6.77

867,585

Land  &  building

-

-

-

-

-

-

-

-

1,814

Plant  &  machinery

4,110,089

-5.42

4,345,687

-3.10

4,484,894

15948

27,946

-9.02

30,718

Furniture  &  Vehicles

58,172

-10.98

65,344

49.01

43,852

92.26

22,809

39.06

16,402

Leasing  &  Other  Similar  Rights

401,125

-41.65

687,388

-9.62

760,542

0.32

758,096

-7.40

818,651

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

32,945

-46.66

61,761

-16.00

73,527

96.89

37,345

-30.86

54,013

Total  current  assets

25,847,779

10.21

23,452,414

9.29

21,459,306

-7.83

23,281,790

22.88

18,946,209

Inventories

2,773,837

-15.04

3,264,849

-25.31

4,371,112

44.09

3,033,703

29.49

2,342,872

Raw  materials  &  consumables

1,367,372

-4.28

1,428,449

-34.84

2,192,136

7.40

2,041,164

88.84

1,080,911

Work  in  progress

63,748

-71.51

223,727

-

0

-

0

-

0

Finished  goods

1,342,717

-16.74

1,612,673

-25.99

2,178,976

119

992,539

-21.35

1,261,961

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

11,132,894

33.39

8,346,407

-23.11

10,855,205

1.56

10,688,406

-9.41

11,798,874

Other  amounts  receivable

10,907,174

80.62

6,038,869

5.37

5,730,844

57.96

3,628,081

87.26

1,937,484

Cash

955,398

-83.27

5,709,001

1912

283,677

-95.10

5,785,297

103

2,838,231

Miscellaneous  current  assets

78,476

-15.88

93,288

-57.30

218,469

49.33

146,302

408

28,748

Total  Assets

30,509,851

6.42

28,668,947

6.80

26,844,673

11.20

24,140,634

21.40

19,885,559

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

803,576

39.94

-2,012,180

-218

-631,924

-132

1,944,904

548

-354,704

Issued  share  capital

3,825,000

5000

75,000

0

75,000

0

75,000

0

75,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

-3,021,424

-44.76

-2,087,180

-195

-706,924

-137

1,869,904

435

-429,704

Provisions  for  Liabilities  &

226,000

0

226,000

13.11

199,804

-

0

-

0

Charges

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

29,480,275

-3.20

30,455,127

11.65

27,276,793

22.89

22,195,729

9.66

20,240,263

Other  long  term  loans

349,243

-26.19

473,185

-18.59

581,255

-6.25

620,016

-8.59

678,269

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-100

5,014,317

0

5,014,317

Total  long  term  debts

575,243

-17.73

699,185

-10.48

781,059

-86.14

5,634,333

-1.02

5,692,586

Current  portion  of  long  term  debt

118,878

10.00

108,070

10.01

98,239

27.35

77,140

4.23

74,010

Financial  debts

12,179,317

0

12,179,317

6.41

11,445,917

135

4,853,996

133

2,077,236

Trade  creditors

6,934,914

-19.43

8,607,817

-29.93

12,285,159

29.66

9,474,901

0.18

9,457,620

Amounts  Payable  for  Taxes,

1,188,402

-2.03

1,212,985

44.17

841,349

-12.30

959,300

95.87

489,766

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

29,480,275

-3.20

30,455,127

11.65

27,276,793

22.89

22,195,729

9.66

20,240,263

Other  long  term  loans

349,243

-26.19

473,185

-18.59

581,255

-6.25

620,016

-8.59

678,269

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-2.18

88.98

-2.45

37.93

-6.46

-218

5.44

137

2.29

Return  on  capital  employed

-66.86

-190

74.08

4.30

-1,723.77

-5106

34.43

97.31

17.45

Return  on  total  assets  employed

-3.02

89.09

-3.39

35.39

-9.58

-188

10.81

130

4.69

Return  on  net  assets  employed

-114.73

-337

48.34

-88.12

406.81

203

134.15

51.07

-262.66

Sales  /  net  working  capital

-12.90

-112

-6.08

80.0

-7.60

-206

7.14

-22.64

9.23

Stock  turnover  ratio

6.55

-20.41

8.23

-25.11

10.99

73.62

6.33

9.71

5.77

Creditor  days

59.54

-23.88

78.22

-27.44

107.80

40.68

76.63

-13.21

88.29

Debtor  days

95.92

24.93

76.78

-22.89

99.57

22.40

81.35

-23.31

106.08

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

0.89

14.10

0.78

-2.50

0.80

-43.26

1.41

8.46

1.30

Liquidity  ratio  /  acid  ratio

0.79

17.91

0.67

4.69

0.64

-47.54

1.22

7.02

1.14

Current  debt  ratio

36.25

243

-14.90

35.27

-42.24

-595

8.52

20.78

-41.01

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

234,608

43.87

-534,829

21.63

-2,472,151

-203

2,395,071

124

1,064,736

Net  worth

743,835

35.96

-2,068,533

-216

-654,476

-133

1,932,257

518

-372,456

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

1,573.89

248

-634.17

33.05

-1,918.81

-772

285.42

35.78

-797.71

Equity  in  percentage

2.64

37.55

-7.03

-197

-2.36

-129

8.06

450

-1.79

Total  debt  ratio

36.97

242

-15.25

35.07

-43.48

-481

11.41

20.00

-57.06

Working  capital

-3,283,253

50.28

-6,529,528

-24.70

-5,236,232

-177

6,720,394

52.79

4,398,532

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

42,715,246

7.10

39,884,233

-0.35

40,023,724

-17.34

48,417,086

17.71

41,130,918

Turnover

42,363,915

6.77

39,677,760

-0.29

39,791,253

-17.03

47,958,709

18.13

40,596,699

Total  operating  expenses

42,516,496

5.84

40,169,223

-3.43

41,596,794

-7.83

45,128,738

15.42

39,098,770

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

42,867,827

6.17

40,375,696

-3.48

41,829,265

-8.24

45,587,115

15.02

39,632,989

Employee  costs

3,836,908

7.32

3,575,158

73.44

2,061,315

-1.08

2,083,760

25.94

1,654,521

Wages  and  salary

2,706,593

7.25

2,523,515

90.09

1,327,564

-14.71

1,556,508

29.79

1,199,282

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

820,070

16.87

701,704

60.31

437,722

7.44

407,393

33.98

304,068

Other  employee  costs

310,245

-11.34

349,939

18.21

296,028

146

119,858

-20.71

151,171

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

1,168,852

38.26

845,428

707

104,677

9.65

95,463

-0.87

96,303

Operating  result

-152,581

31.05

-491,463

27.22

-1,805,541

-163

2,829,971

88.93

1,497,929

Total  financial  income

588,306

-53.63

1,268,844

-33.17

1,898,615

91.31

992,449

3.28

960,971

Total  financial  expenses

1,357,644

-22.42

1,750,010

-34.30

2,663,824

119

1,213,251

-20.56

1,527,235

Results  on  ordinary  operations

-921,919

94.79

-972,629

37.83

-2,570,749

-198

2,609,169

180

931,665

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

146

-

-

-

-

-

960

-97.39

36,804

Extraordinary  Charges

-

-

-

-

6,024

-87.81

49,438

-

-

Extraordinary  items

146

-

0

0

-6,024

12.43

-48,478

-231

36,804

Results  for  the  Year  Before

-921,773

94.77

-972,629

37.75

-2,576,773

-200

2,560,691

164

968,469

Taxation

 

 

 

 

 

 

 

 

 

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

12,471

-96.94

407,628

751011

54

-99

261,083

721922

36

Results  on  ordinary  operations

-934,390

67.70

-1,380,257

53.69

-2,570,803

-209

2,348,086

152

931,628

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

-934,244

67.69

-1,380,257

53.56

-2,576,828

-212

2,299,608

137

968,432

Profit  (Loss)  for  the  Year  to  be appropiated

-934,244

67.69

-1,380,257

53.56

-2,576,828

-212

2,299,608

137

968,432

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

 

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2013

 

 

 

Full-time  Employees

 

37

 

Part-time  Employees

 

9

 

Total  Fte  Employees

 

44

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

61,166

 

Part-time  Employees

 

11,095

 

Total

 

72,261

 

Personnel  Charges

 

 

 

Full-time  Employees

 

3,247,787

 

Part-time  Employees

 

589,121

 

Total

 

3,836,908

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

41

 

Actual  working  hours

 

70,022

 

Personnel  Charges

 

3,575,158

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

35

9

43

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

1

-

1

Secondairy  education

5

1

6

Higher  education  (non university)

5

1

6

Higher  education (university)

9

1

10

 

 

 

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

3

1

4

Higher  education  (non university)

9

2

10

Higher  education (university)

3

3

6

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

30

9

38

Blue  collar  worker

5

-

5

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

3

 

Actual  working  hours

 

5,664

 

Cost  of  temporary  staff

 

166,679

 

 

 

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

4

1

5

Leavers

10

-

10

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

16

20

Number  of  training  hours

307

334

Net  costs  for  enterprise

22,098

7,746

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

46212

Activity  description

Wholesale  of  cattle  feeds

industry  average  credit

75.81

rating

 

Industry  average  credit  limit

29588.27

Payment  Information

 

 

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

94

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

62

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

19

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

13

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

59.54

Day  sales  outstanding

95.92

Industry  comparison

 

Activity  code

46212

Activity  description

Wholesale  of  cattle  feeds

Industry  average  payment expectation  days

60.02

Industry  average  day  sales

90.18

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

59.54

Lower

79.09

Median

46.02

Upper

23.22

 

Day  sales  outstanding

 

Company  result

95.92

Lower

66.37

Median

35.79

Upper

17.79

 

 

 

Shareholder  Details

 

Summary

 

Group  -  Number  of  Companies

13

Linkages  -  Number  of  Companies

3

Number  of  Countries

4

 

 

Group  Structure

 

Company  name

Number

Latest

 

 

financials

- INVE  EUROPE  NV

436710430

31-12-2011

- - INVE  AQUACULTURE  NV

424468634

31-12-2011

- - NUTRI-AD  INTERNATIONAL  NV

454140538

31-12-2013

- - NUTRITEC  IN  VEREFFENING  NV

444970672

31-12-2013

- - - NUTRIS TECHN.E SIS. DE NUTR. CARI.

 

 

- - BFI INNOVATIONS LTD SOC.ETR. E.P.B.

 

 

- - INVE ESPANIA INVESTMENT SOC.ETR. E.P.B.

 

 

- - INVE EURASIA SOC.ETR. E.P.B.

 

 

- - INVE HELLAS SOC.ETR. E.P.B.

 

 

- - INVE POLAND SP SOC.ETR. E.P.B.

 

 

- - KURIOS

390117612

31-12-2013

- - NUTRIAD  ITALIA  SRL

 

 

 

 

Minority  Shareholders

 

Business

Company  name

%

Date  of

number

 

 

accounts

459884423

Inve  Technologies  NV

0.1

31/12/2011

459884423

Inve  Technologies  NV

0.1

31/12/2011

459884423

Inve  Technologies  NV

0.1

31/12/2011

459884423

Inve  Technologies  NV

0.1

31/12/2011

459884423

Inve  Technologies  NV

0.1

31/12/2011

 

Minority  Interests

No  minority  interests  found

 

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

13

Linkages  -  Number  of  Companies

3

Number  of  Countries

4

 


Linked  Companies

 

NAME

NUMBER

LATEST  KEY

TURNOVER

 

 

FINANCIALS

 

NUTRIAD  LTD

00765118

31.12.2013

£10.538.000

INVE  B.V.

16018604

31.12.2013

€121.020.453

INVE  TECHNOLOGIES  NV

459884423

31.12.2011

€8.034.933

 

 

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

ERIK  ROBERT  VISSER

Position

Managing  Director

Start  Date

09/06/2011

Date  of  birth

24/06/1969

Street

61 ORANJELAAN

Post  code

2281 GB

Country

The  Netherlands

 

 

Position

Director

Start  Date

07/04/2011

Date  of  birth

24/06/1969

Street

61 ORANJELAAN

Post  code

2281 GB

Country

The  Netherlands

 

 

Position

Chairperson

Start  Date

01/10/2013

Date  of  birth

24/06/1969

Street

61 ORANJELAAN

Post  code

2281 GB

Country

The  Netherlands

 

 

Name

HUBERTUS  ANTONIUS  HENRICUS  JANSSEN

Position

Director

Start  Date

01/01/2014

Date  of  birth

17/08/1966

Street

 

Post  code

 

Country

 

 

Former  director  details

 

Name

FRANÇOIS  AUGUST  GEBOES

Position

Director

Start  Date

30/06/2006

End  Date

18/05/2010

Date  of  birth

01/11/1951

Street

11 LARIKSLAAN  KASTERLEE

Post  code

2460

Country

Belgium

 

 

Name

BERNARDUS  WILHELMUS  FRANCISCUS  HUSKEN

Position

Director

Start  Date

16/03/2010

End  Date

31/12/2011

Date  of  birth

06/04/1948

Street

93 HOOGVELD  DENDERMONDE

Post  code

9200

Country

Belgium

 

 

Name

JOHAN  DE  SCHEPPER

Position

Managing  Director

Start  Date

01/12/2008

End  Date

31/12/2011

Date  of  birth

06/11/1960

Street

30 EIKEM  ROTSELAAR

Post  code

3111

Country

Belgium

 

 

Position

Director

Start  Date

26/05/2010

End  Date

16/03/2010

Date  of  birth

06/11/1960

Street

30 EIKEM  ROTSELAAR

Post  code

3111

Country

Belgium

 

 

Name

KAREL  DANIEL  WAAGENAAR

Position

Director

Start  Date

16/03/2010

End  Date

31/12/2011

Date  of  birth

06/08/1939

Street

93 HOOGVELD  DENDERMONDE

Post  code

9200

Country

Belgium

 

 

Name

JAMAL  AL-SAIFI

Position

Director

Start  Date

30/06/2006

End  Date

31/12/2011

Date  of  birth

19/08/1962

Street

 

Post  code

 

Country

Greece

 

 

Name

MARTEN  NIEMANTSVERDRIET

Position

Director

Start  Date

25/03/2010

End  Date

31/12/2013

Date  of  birth

21/12/1949

Street

90 HOGE  DAM  DONGEN

Post  code

5104 JK

Country

The  Netherlands

 

 

Name

JAN  PIET  HUIJG

Position

Managing  Director

Start  Date

18/05/2010

End  Date

09/06/2011

Date  of  birth

28/05/1936

Street

 

Post  code

 

Country

 

 

 

Position

Director

Start  Date

25/03/2010

End  Date

09/06/2011

Date  of  birth

28/05/1936

Street

 

Post  code

 

Country

 

 

 

Name

JANPIET  HUIS,

Position

Managing  Director

Start  Date

11/05/2010

End  Date

31/12/2010

Street

 

Post  code

 

Country

 

 

 

Name

AL-SAIFI  JAMAL

Position

Director

Start  Date

20/12/2000

End  Date

18/05/2010

Street

 

Post  code

 

Country

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.85

UK Pound

1

Rs.98.47

Euro

1

Rs.71.51

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

VNT

 

               

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.