MIRA INFORM REPORT

 

 

Report No. :

348307

Report Date :

07.11.2015

 

IDENTIFICATION DETAILS

 

Name :

MEDICOR EUROPE AG BO BO

 

 

Registered Office :

Bellevueweg 11, 6300 Zug

 

 

Country :

Belgium

 

 

Date of Incorporation :

29.09.2011

 

 

Com. Reg. No.:

840367715

 

 

Legal Form :

Foreign Enterprise

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

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 :

Unknown

 

 

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 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 a 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

840367715

Company  name

MEDICOR  EUROPE  AG  BO  BO

Address

BELLEVUEWEG  11

 

6300 ZUG

Date  of  establishment

29/09/2011

Telephone  number

-

Fax  number

-

 

 

Commentary

 

The business was established  over  4  years  ago.

No employees are recorded  for  this  business.

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

 

 

Accounts

 

No key Financials Registered

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court  action  type

no

 

PROTESTED BILLS

Bill  amount

-

 

NSSO DETAILS

Date  of  summons

-

 

 

Company information

 

Business  number

840367715

Company  name

MEDICOR  EUROPE  AG  BO

 

 

 

BO

Fax  number

-

Date  founded

29/09/2011

Company  status

active

Company  type

Foreign  enterprise

Currency

Euro  (€)

Date  of  latest  accounts

-

Activity  code

-

Liable  for  VAT

no

Activity  description

-

 

 

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)

Significant  Events

 

Event  Date

29/09/2011

Event  Description

Company  identification

Event Details

 

 

 

Company Accounts

 

Annual Accounts

There  is  no  data  for  this  company

 

 

Payment Information

 

No  payment  experience  available  for  this  company

 

 

Shareholder Details

 

Summary

 

Group  -  Number  of  Companies

0

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

Group Structure

No group  structure  for  this  company.

 

Minority Shareholders

No minority  shareholders  found

 

Minority Interests

No  minority  interests  found

 

Companies that  match  this  address

 

Business  number

Company  name

Date  of  accounts

844106173

MEDICORE  EUROPE  AG  BO

-

 

 

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

 

Business  number

840369495

Position

Director

Start  Date

14/10/2011

Current  mandates  in  other  companies

Name

MEDICOR  INTERNATIONAL  NV

Business  number

840369495

Position

Permanent  representative  legal  entity

Start  Date

14/10/2011

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.79

UK Pound

1

Rs.99.95

Euro

1

Rs.71.55

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

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