MIRA INFORM REPORT

 

 

Report No. :

346920

Report Date :

27.10.2015

 

IDENTIFICATION DETAILS

 

Name :

CRDB LATINA BVBA

 

 

Registered Office :

Vlamingstraat 14 8560 Wevelgem

 

 

Country :

Belgium

 

 

Date of Incorporation :

22.06.2015

 

 

Com. Reg. No.:

632637562

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Manufacture of builders' ware of plastic

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New business

 

 

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

 

note

 

In absence of financials, no credit limit could be recommended.

 

 

Company summary

 

Business number                     632637562

Company name                        CRDB LATINA BVBA

Address                                   VLAMINGSTRAAT 14

8560 WEVELGEM

Date of establishment               22/06/2015

Telephone number                   --

Fax number                              --

 

 

Commentary

 

The business was established over 4 months ago.

Newly established businesses are proven to be more of an insolvency risk than more established businesses.

No employees are recorded for this business.

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

The business has been at the address for less than 6 months.

There has been no significant change in the business's credit limit.

 

 

Accounts

 

No key Financials Registered

 

 

Trends

 

Profitability       --

Liquidity             --

Net worth           --

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

177.14

Industry  average  day  sales

78.42

expectation  days

 

outstanding

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                --

 

NSSO DETAILS

Date of summons                    

 

 

Company information

 

Business  number

632637562

Company  name

CRDB  LATINA  BVBA

Fax  number

-

Date  founded

22/06/2015

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

-

Activity  code

22230

Liable  for  VAT

no

Activity  description

Manufacture  of  builders'  ware of plastic

 

 

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

22/06/2015

Event Description

Legal creation

Event Details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company accounts

 

Annual accounts

 

There is no data for this company

 

 

Social Balance Sheet Details

 

------

 

 

Industry comparison

 

Activity code                            22230

Activity description                  Manufacture of builders' ware of plastic

industry average credit

rating                                       67.36

Industry average credit limit     124534.01

 

 

Payment Information

 

SUSPENSION  OF  PAYMENTS  /  MORATORIUM  HISTORY

 

Amount

-

Details

-

 

 

PAYMENT  EXPECTATIONS

 

Payment  expectation  days

-

Day  sales  outstanding

-

 

INDUSTRY  COMPARISON

 

Activity  code

22230

Activity  description

Manufacture  of  builders'  ware  of  plastic

Industry  average  payment

177.14

expectation  days

 

Industry  average  day  sales

78.42

outstanding

 

 

 

Industry quartile analysis

 

PAYMENT  EXPECTATIONS

Company  result

-

Lower

63.76

Median

35.12

Upper

25.10

 

DAY SALES OUTSTANDING

 

Company  result

-

Lower

82.55

Median

57.72

Upper

35.33

 

 

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

 

 

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

 

Position

Permanent  representative  legal  entity

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

Hannes  Baekelandt

Name

Steven  Derez

Position

Permanent  representative  legal  entity

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

Pieter  Derez

Position

Permanent  representative  legal  entity

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

GERARDO  TORRES  SEPTIEN  NOVOA

Position

Manager

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

R.D.S.  NV

Position

Manager

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

FEDERICO  SCHARRER  TAMM

Position

Manager

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

STROBAEKCO

Position

Manager

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

Name

DERMACO  NV

Position

Manager

Start  Date

22/06/2015

Street

 

Post  code

 

Country

 

 

 

FORMER DIRECTOR DETAILS

 

-----

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.96

UK Pound

1

Rs.99.55

Euro

1

Rs.71.64

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 


 

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.