MIRA INFORM REPORT

 

 

Report No. :

344877

Report Date :

12.10.2015

 

IDENTIFICATION DETAILS

 

Name :

DESCHACHT PLASTICS BELGIUM NV

 

 

Registered Office :

Antwerp Sesteenweg  1068 9041 Gent

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

27.02.2004

 

 

Com. Reg. No.:

863771043

 

 

Legal Form :

Public Limited Liability Company

 

 

Line of Business :

Wholesale of Chemical Products For Industrial Use.

 

 

No. of Employees :

103

 

 

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 – 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 summary

 

Business  Number

863771043

Branche  Unit  Number

2135926934

Company  Name

DESCHACHT  PLASTICS  BELGIUM  NV

Address

ANTWERPSESTEENWEG  1068 9041 GENT

Number  of  Staff

103

Date  of  Establishment

27/02/2004

Telephone  Number

093557454

Fax  Number

093557679

 

 

Commentary

 

The business was established over 11 years ago.

The business has 103 employees.

The business is part of a group.

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

The business saw an increase in their Cash Balance of 56% during the latest trading period.

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

70,484,124

5,006,475

15,644,138

16,763,804

31/12/2013

64,594,723

5,421,687

14,041,959

15,860,886

31/12/2012

63,225,748

5,483,453

10,848,134

14,070,833

 

 

 

 

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

32,852,262

103

1,900,458

5,917,213

31/12/2013

29,152,867

90

1,900,458

5,172,220

31/12/2012

25,649,719

84

1,900,458

4,927,523

 

 

Payment expectations

 

Past payments

 

Payment expectation days

6.42

 

Industry average payment expectation days

66.93

Industry average day sales outstanding

200.21

 

Day sales outstanding

69.59

 

 

 

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

No

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  number

863771043

Company  name

DESCHACHT  PLASTICS BELGIUM  NV

Fax  number

093557679

Date  founded

27/02/2004

Company  status

active

Company  type

Public  Limited  Liability Company  (BE)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2014

Activity  code

46751

Liable  for  VAT

Yes

Activity  description

Wholesale  of  chemical products  for  industrial  use

VAT  Number

BE.0863.771.043  Check  VAT Number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Joint Industrial Committee (JIC)

 

JIC  Code

116

Description Category

Joint  committee  for  the  chemical  industry

 

 

JIC  Code

207

Description Category

Joint  committee  for  the  employees  off  he  chemical  industry

 

 

Significant  Events

 

Event  Date

05/11/2012

Event  Description

proposal  of  merger  by  absorption  filed

Event  Details

Commentaar  05-11-2012:  Neerlegging  fusievoorstel  betreffende  de  overname  van  de  bvba  VGM (overgenomen  vennootschap)  door  de  nv  Deschacht  Plastics  Belgium  (overnemende  vennootschap).

 

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

4,277,097

8.97

3,925,140

84.86

2,123,334

-25.99

2,869,160

-0.57

2,885,521

Intangible  fixed  assets

151,443

-40.29

253,621

-28.12

352,834

-24.92

469,918

-16.37

561,875

Tangible  fixed  assets

3,798,679

13.24

3,354,647

128

1,470,831

-22.51

1,897,996

-10.91

2,130,424

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

450,791

8.89

413,997

567

61,985

-65.15

177,842

-39.98

296,317

Furniture  &  Vehicles

222,900

4.94

212,414

13.15

187,727

-45.90

347,004

-30.66

500,470

Leasing  &  Other  Similar  Rights

809,890

30.63

620,000

63.62

378,938

-33.42

569,136

25.80

452,426

Other  tangible  assets

2,315,097

9.81

2,108,235

150

842,181

4.75

804,014

-8.76

881,211

Financial  fixed  assets

326,976

3.19

316,872

5.74

299,669

-40.22

501,245

159

193,222

Total  current  assets

28,575,165

13.27

25,227,728

7.23

23,526,385

6.19

22,154,053

5.32

21,034,125

Inventories

11,974,881

3.36

11,585,773

16.84

9,916,262

-0.34

9,949,651

9.04

9,124,445

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

11,801,650

4.27

11,318,447

15.55

9,795,661

-0.60

9,855,196

9.19

9,025,731

Other  stocks

173,231

-35.20

267,326

121

120,601

27.68

94,455

-4.31

98,714

Trade  debtors

13,437,605

14.32

11,754,766

10.18

10,668,470

-0.60

10,733,251

32.46

8,103,074

Other  amounts  receivable

517,178

55.46

332,672

-79.60

1,630,622

268

442,424

-81.69

2,416,055

Cash

2,195,911

56.74

1,400,974

18.97

1,177,562

34.11

878,038

-18.70

1,079,987

Miscellaneous  current  assets

449,590

192

153,543

15.04

133,469

-11.43

150,689

-51.48

310,564

Total  Assets

32,852,262

12.69

29,152,867

13.66

25,649,719

2.50

25,023,213

4.61

23,919,646

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

15,795,580

10.49

14,295,580

27.63

11,200,968

20.70

9,280,085

-27.30

12,764,837

Issued  share  capital

1,900,458

0

1,900,458

0

1,900,458

0

1,900,458

-72.85

7,000,458

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

13,895,123

12.10

12,395,123

33.27

9,300,510

26.03

7,379,628

28.02

5,764,380

Provisions  for  Liabilities  & Charges

276,919

0

276,919

-9.18

304,919

12.41

271,250

496

45,500

Deffered  taxes

-

-

-

-

-

-

510

-83.33

3,060

Creditors

16,779,762

15.08

14,580,368

3.09

14,143,832

-8.58

15,471,367

39.30

11,106,249

Other  long  term  loans

4,968,402

-4.70

5,213,526

11.20

4,688,280

139

1,960,982

-23.87

2,575,676

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

5,245,321

-4.46

5,490,445

9.96

4,993,200

123

2,232,742

-14.92

2,624,237

Current  portion  of  long  term  debt

2,287,016

20.54

1,897,334

23.40

1,537,497

65.64

928,191

-33.05

1,386,363

Financial  debts

3,084,404

-14.35

3,601,132

32.54

2,716,963

-56.89

6,302,001

122

2,838,435

Trade  creditors

1,163,294

-31.55

1,699,520

7.00

1,588,410

23.24

1,288,838

-25.75

1,735,844

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

1,251,233

8.75

1,150,536

-19.58

1,430,572

-7.51

1,546,724

40.94

1,097,403

Miscellaneous  current  liabilities

4,025,414

295

1,018,319

-53.33

2,182,110

-36.65

3,444,632

133

1,472,527

Total  current  liabilities

11,811,361

26.10

9,366,842

-0.94

9,455,552

-30.01

13,510,385

58.38

8,530,573

Total  Liabilities

32,852,262

12.69

29,152,867

13.66

25,649,719

2.50

25,023,213

4.61

23,919,646

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

7.10

-15.38

8.39

-3.23

8.67

-22.66

11.21

41.72

7.91

Return  on  capital  employed

23.79

-13.18

27.40

-19.08

33.86

-45.30

61.90

139

25.86

Return  on  total  assets  employed

15.24

-18.06

18.60

-13.00

21.38

-24.93

28.48

71.15

16.64

Return  on  net  assets  employed

31.70

-16.42

37.93

-22.53

48.96

-36.25

76.80

146

31.18

Sales  /  net  working  capital

4.20

3.19

4.07

-9.35

4.49

-38.99

7.36

82.63

4.03

Stock  turnover  ratio

16.99

-5.30

17.94

14.41

15.68

0.19

15.65

-13.68

18.13

Creditor  days

6.42

-38.09

10.37

4.54

9.92

20.53

8.23

-39.13

13.52

Debtor  days

69.59

4.77

66.42

7.84

61.59

-0.05

61.62

4.87

58.76

SHORT TERM STABILITY

 

 

 

 

 

 

 

 

 

Current ratio

2.42

-10.04

2.69

8.03

2.49

51.83

1.64

-33.60

2.47

Liquidity  ratio  /  acid  ratio

1.41

-3.42

1.46

1.39

1.44

60.0

0.90

-35.71

1.40

Current  debt  ratio

0.75

13.64

0.66

-21.43

0.84

-42.47

1.46

117

0.67

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

5,917,213

14.40

5,172,220

4.97

4,927,523

-21.03

6,240,080

37.47

4,539,282

Net  worth

15,644,138

11.41

14,041,959

29.44

10,848,134

23.13

8,810,167

-27.80

12,202,962

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

65.46

-12.64

74.93

-6.15

79.84

-19.39

99.04

85.89

53.28

Equity  in  percentage

48.30

-2.37

49.47

11.72

44.28

17.14

37.80

-30.83

54.65

Total  debt  ratio

1.08

3.85

1.04

-19.38

1.29

-24.12

1.70

95.40

0.87

Working  capital

16,763,804

5.69

15,860,886

12.72

14,070,833

62.79

8,643,668

-30.87

12,503,552

 

 

PROFIT  &  LOSS

 

Operating  Income

70,758,983

9.18

64,812,438

2.16

63,440,396

-0.42

63,710,442

26.34

50,426,866

Turnover

70,484,124

9.12

64,594,723

2.17

63,225,748

-0.55

63,578,041

26.31

50,333,268

Total  operating  expenses

66,157,630

10.61

59,811,530

2.29

58,473,145

2.33

57,143,386

21.98

46,845,837

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

66,432,489

10.67

60,029,245

2.29

58,687,793

2.47

57,275,787

22.02

46,939,435

Employee  costs

6,355,199

12.20

5,664,064

6.03

5,341,954

15.44

4,627,517

14.48

4,042,301

Wages  and  salary

4,317,442

10.29

3,914,749

9.65

3,570,086

18.97

3,000,791

13.76

2,637,865

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

1,430,261

10.47

1,294,705

5.47

1,227,610

13.70

1,079,669

14.49

943,043

Other  employee  costs

607,496

33.63

454,610

-16.47

544,258

-0.51

547,058

18.57

461,393

Director  remuneration

418,982

-56.20

956,688

1740

51,981

62.21

32,045

-92.91

452,184

Amortization  and  depreciation

2,159,840

69.05

1,277,608

18.87

1,074,834

-18.57

1,319,880

-16.99

1,590,077

Operating  result

4,326,494

-9.55

4,783,193

0.64

4,752,603

-26.14

6,434,655

84.51

3,487,431

Total  financial  income

1,155,396

5.79

1,092,169

-5.40

1,154,570

-5.50

1,221,810

30.56

935,794

Total  financial  expenses

475,415

4.79

453,675

7.07

423,721

-20.02

529,793

19.48

443,430

Results  on  ordinary  operations before  taxation

5,006,475

-7.66

5,421,687

-1.13

5,483,453

-23.06

7,126,672

79.07

3,979,795

Extraordinary  Income

-

-

-

-

1,166

-97.46

45,836

-27.46

63,188

Extraordinary  Charges

17,916

-

-

-

55,044

-59.17

134,816

-10.00

149,787

Extraordinary  items

-17,916

-

0

0

-53,878

60.55

-88,980

-2.75

-86,599

Results  for  the  Year  Before Taxation

4,988,559

-7.99

5,421,687

-0.15

5,429,574

-22.85

7,037,692

80.77

3,893,196

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

1,231,186

-19.38

1,527,075

-3.19

1,577,395

-25.60

2,120,041

123

946,881

Results  on  ordinary  operations

3,775,289

-3.06

3,894,612

-0.29

3,906,058

-21.98

5,006,631

65.08

3,032,914

Net result

3,757,373

-3.52

3,894,612

1.09

3,852,690

-21.70

4,920,201

66.83

2,949,205

Profit  (Loss)  for  the  Year  to  be appropriated

3,007,373

-25.51

4,037,112

-5.18

4,257,690

-26.53

5,795,076

73.16

3,346,705

Dividends

1,857,373

-

-

-

1,200,000

-52.00

2,500,000

202

825,777

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2014

 

Full-time  Employees

90

Part-time  Employees

10

Total  Fte  Employees

98

 

 

Number  of  hours  worked

 

Full-time  Employees

157,525

Part-time  Employees

13,080

Total

170,605

 

 

Personnel  Charges

 

Full-time  Employees

5,448,733

Part-time  Employees

442,565

Total

5,891,298

Benefits  In  Addition  To  Wages

84,703

 

 

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

89

Actual  working  hours

151,845

Personnel  Charges

5,302,793

Benefits  In  Addition  To  Wages

69,103

 

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

96

10

104

 

Gender and education level

Men

Full-Time

Part-Time

Total  Fte

Primary  education

5

-

5

Secondairy  education

63

3

65

Higher  education  (non university)

12

-

12

 

 

 

 

Higher  education (university)

-

-

-

Women

Full-Time

Part-Time

Total  Fte

Primary  education

1

-

1

Secondairy  education

10

4

13

Higher  education  (non university)

3

3

5

Higher  education (university)

2

-

2

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

58

7

63

Blue  collar  worker

38

3

41

Other

-

-

-

 

Temporary  personnel

Total

Average  number  of  temporary  staff

1

Actual  working  hours

1,174

Cost  of  temporary  staff

27,302

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

23

-

23

Leavers

8

1

9

 

 

Industry comparison

 

Activity  code

46751

Activity  description

Wholesale  of  chemical  products  for  industrial  use

industry  average  credit

69

 

 

Payment expectations

 

Payment  expectation  days

6.42

Day  sales  outstanding

69.59

 

 

Industry comparison

 

Activity  code

46751

Activity  description

Wholesale  of  chemical  products  for  industrial  use

Industry  average  payment expectation  days

66.93

Industry  average  day  sales outstanding

200.21

 

 

Industry quartile  analysis

 

Payment  expectations

 

Company  result

6.42

Lower

88.98

Median

58.67

Upper

41.08

 

Day sales outstanding

 

Company  result

69.59

Lower

73.34

Median

41.71

Upper

23.23

 

 

Shareholder details

 

Group  Structure

 

 

Company  name

Number

Latest Financials

- BUILDMAT  NV

832206154

31-12-2014

- - COLLINET-ASSAINISSEMENT  SA

432172909

31-12-2014

- - DESCHACHT  PLASTICS  BELGIUM  NV

863771043

31-12-2013

- - - VGM  BVBA

461016749

31-08-2012

 

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

 

Position

Chairman  of  the  Board

Start  Date

26/02/2014

End  Date

25/02/2020

Date  of  birth

13/07/1999

Street

14 NOORDKUSTLAAN  DILBEEK

Post  code

1702

Country

Belgium

 

 

Name

JC  WIBO  NV

Position

Director

Start  Date

26/02/2014

Date  of  birth

13/07/1999

Street

14 NOORDKUSTLAAN  DILBEEK

Post  code

1702

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

26/02/2014

Date  of  birth

13/07/1999

Street

14 NOORDKUSTLAAN  DILBEEK

Post  code

1702

Country

Belgium

 

 

Name

J.  VERFAELLIE  BVBA

Position

Director

Start  Date

30/05/2009

Date  of  birth

11/03/2003

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

30/05/2009

Date  of  birth

11/03/2003

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

JVS  HOLDING  NV

Position

Managing  Director

Start  Date

13/07/2009

Date  of  birth

24/02/2004

Street

1068 ANTWERPSESTEENWEG  GENT

Post  code

9041

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

01/12/2004

Date  of  birth

24/02/2004

Street

1068 ANTWERPSESTEENWEG  GENT

Post  code

9041

Country

Belgium

 

 

Name

BUILDMAT  NV

Position

Director

Start  Date

11/12/2014

End  Date

10/12/2020

Date  of  birth

21/12/2010

Street

1068 ANTWERPSESTEENWEG  GENT

Post  code

9041

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

11/12/2014

Date  of  birth

21/12/2010

Street

1068 ANTWERPSESTEENWEG  GENT

Post  code

9041

Country

Belgium

 

 

Name

BREMHOVE  NV

Position

Director

Start  Date

22/04/2014

End  Date

21/04/2020

Date  of  birth

29/06/1995

Street

36 RICKSTEENWEG  WINGENE

Post  code

8750

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

22/04/2014

Date  of  birth

29/06/1995

Street

36 RICKSTEENWEG  WINGENE

Post  code

8750

Country

Belgium

 

 

Name

,

Position

Director

Start  Date

29/04/2005

 

FORMER DIRECTOR DETAILS

 

Name

J. verfaellie BVBA

Position

Managing  Director

Start  Date

30/05/2009

End  Date

29/05/2015

Date  of  birth

11/03/2003

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

JVS  HOLDING  NV

Position

Director

Start  Date

30/05/2009

End  Date

29/05/2015

Date  of  birth

24/02/2004

Street

1068 ANTWERPSESTEENWEG  GENT

Post  code

9041

Country

Belgium

 

 

Name

JO  GERMAIN  LUC  VERFAELLIE

Position

Managing  Director

Start  Date

27/02/2004

End  Date

30/05/2009

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Position

Director

Start  Date

27/02/2004

End  Date

30/05/2009

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

INVEST  ZEDELGEM  NV

Position

Director

Start  Date

02/12/2009

End  Date

22/04/2014

Date  of  birth

02/12/1971

Street

184 HILLE  WINGENE

Post  code

8750

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

02/12/2009

End  Date

Unknown  date

Date  of  birth

02/12/1971

Street

184 HILLE  WINGENE

Post  code

8750

Country

Belgium

 

 

Name

BOWI  NV

Position

Chairman  of  the  Board

Start  Date

01/10/2008

End  Date

31/12/2014

Date  of  birth

01/01/1987

Street

60 ALPHONSE  VANDENPEEREBOOMSTRAAT  BRUSSEL

Post  code

1080

Country

Belgium

 

 

Position

Director

Start  Date

01/10/2008

End  Date

26/02/2014

Date  of  birth

01/01/1987

Street

60 ALPHONSE  VANDENPEEREBOOMSTRAAT  BRUSSEL

Post  code

1080

Country

Belgium

 

 

Position

Legal  Representative

Start  Date

01/10/2008

End  Date

29/05/2009

Date  of  birth

01/01/1987

Street

60 ALPHONSE  VANDENPEEREBOOMSTRAAT  BRUSSEL

Post  code

1080

Country

Belgium

 

 

Name

JO  VERFAELLIE

Position

Managing  Director

Start  Date

27/02/2004

End  Date

31/12/2010

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Position

Director

Start  Date

27/02/2004

End  Date

Unknown  date

Street

73 GUYOTDREEF  BRASSCHAAT

Post  code

2930

Country

Belgium

 

 

Name

BHC  CONSULTANCY

Position

Director

Start  Date

30/04/2011

End  Date

29/05/2015

Street

31 KERKSTRAAT

Post  code

5527

Country

The  Netherlands

 

 

Name

THOMAS  J.M.  LENDERS

Position

Director

Start  Date

29/04/2005

End  Date

30/04/2011

Street

31 KERKSTRAAT

Post  code

5527

Country

The  Netherlands

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.78

UK Pound

1

Rs.99.54

Euro

1

Rs.73.08

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.