MIRA INFORM REPORT

 

 

Report No. :

495044

Report Date :

05.03.2018

 

 

IDENTIFICATION DETAILS

 

Name :

CONTINENTAL  LINES  NV

 

 

Registered Office :

Generaal  Lemanstraat  82-92, 2600 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

28.02.2002

 

 

Com. Reg. No.:

477066487

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Other  supporting  transport activities

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 


 

BELGIUM - ECONOMIC OVERVIEW

 

Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.

Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation 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 labor market rules and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.

 

Source : CIA

 


Company summary                        

 

Business  number

477066487

Branche  Unit  Number

2132357235

Company  name

CONTINENTAL  LINES  NV

Address

GENERAAL  LEMANSTRAAT  82-92

 

2600 ANTWERPEN

Date  of  establishment

28/02/2002

Telephone  number

3215225848

Mobile  number

-

Fax  number

035453512

Liable  for  VAT

yes

VAT  Number

BE.0477.066.487  Check  VAT  number

 

Commentary

 

The  business  was  established  over  16  years  ago.

The  business  has  5  employees.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  14  years.

Operating  Result  in  the  latest  trading  period  increased  347%  on  the  previous  trading  period.

Pre-tax  profits  increased  by  41%  compared  to  the  previous  trading  period.

The  business  saw  a  decrease  in  their  Cash  Balance  of  24%  during  the  latest  trading  perid.

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

14,114,049

1,123,744

4,981,715

5,158,653

31/12/2015

15,945,928

793,537

5,081,155

5,357,501

31/12/2014

33,186,814

1,358,144

6,278,941

6,582,385

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

9,089,409

5

3,900,000

1,050,951

31/12/2015

9,368,663

5

3,900,000

803,060

31/12/2014

14,993,409

10

3,900,000

1,430,824

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

11.59

Industry  average  payment

125.29

Industry  average  day  sales

142.62

expectation  days

 

outstanding

 

Day  sales  outstanding

96.40

 

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

 

Court  action  type

no

 

 

PROTESTED  BILLS

 

Bill  amount

-

 

 

NSSO  DETAILS

 

Date  of  summons

-

 

 

Company  information

 

Business  number

477066487

Company  name

CONTINENTAL  LINES  NV

Fax  number

035453512

Date  founded

28/02/2002

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

52290

Number  of  staff

5

Activity  description

Other  supporting  transport activities

 

 

Belgian  Bullettin  of  Ats 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

226

Description

JC  employees  international  trade,  transport  &  related  activities

category

 

Significant  Events

 

Event  Date

21/05/2013

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaar  21-05-2013:  Herbenoemd  als  bestuurders  voor  een  periode  van  3  jaar  :  Jean  Fernand

 

Brion  (tevens  voorzitter  van  de  raad  van  bestuur)  en  NV  Conti  7  (tevens  gedelegeerd  bestuurder).

Event  Date

28/02/2002

Event  Description

Legal  creation

Event  Details

 

 

 

Financials

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2016

%

31-12-2015

%

31-12-2014

%

31-12-2013

%

31-12-2012

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

7,535

-4.94

7,926

-10.19

8,826

-12.10

10,041

4.29

9,628

Intangible  fixed  assets

0

-

0

-100

54

-51.75

111

-34.24

169

Tangible  fixed  assets

0

-100

391

-68.38

1,237

-48.31

2,394

24.40

1,924

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

0

-

0

-

0

-

0

-

0

Furniture  &  Vehicles

0

-100

391

-68.38

1,237

-48.31

2,394

24.40

1,924

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

7,535

0

7,535

0

7,535

0

7,535

0

7,535

Total  current  assets

9,081,874

-2.98

9,360,736

-37.53

14,984,583

72.54

8,684,594

16.57

7,450,386

Inventories

0

-

0

-

0

-

0

-

0

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

3,727,805

79.94

2,071,743

-72.54

7,543,603

99

3,775,813

10.16

3,427,557

Other  amounts  receivable

39,743

-27.10

54,517

-96.17

1,422,030

2103

64,521

39.44

46,271

Cash

4,631,100

-24.20

6,109,491

20.50

5,069,980

102

2,504,682

19.72

2,092,051

Miscellaneous  current  assets

683,226

-39.27

1,124,985

18.55

948,969

-59.44

2,339,578

24.15

1,884,506

Total  Assets

9,089,409

-2.98

9,368,663

-37.51

14,993,409

72.44

8,694,635

16.55

7,460,014

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

4,981,715

-1.96

5,081,155

-19.08

6,278,995

29.48

4,849,386

30.43

3,717,924

Issued  share  capital

3,900,000

0

3,900,000

0

3,900,000

0

3,900,000

0

3,900,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

1,081,715

-8.42

1,181,155

-50.35

2,378,995

150

949,386

521

-182,076

Provisions  for  Liabilities  &  Charges

184,473

-35.11

284,272

-8.95

312,216

6.59

292,900

22.47

239,165

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

3,923,221

-2.00

4,003,235

-52.35

8,402,198

136

3,552,349

1.41

3,502,925

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

184,473

-35.11

284,272

-8.95

312,216

6.59

292,900

22.47

239,165

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

421,761

-26.27

572,043

-51.56

1,180,888

49.53

789,748

-45.16

1,439,995

Amounts  Payable  for  Taxes,

176,957

141

73,187

-57.98

174,189

27.36

136,772

13.02

121,017

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

3,324,503

-1.00

3,358,005

-52.35

7,047,121

168

2,625,829

35.22

1,941,913

Total  current  liabilities

3,923,221

-2.00

4,003,235

-52.35

8,402,198

136

3,552,349

1.41

3,502,925

Total  Liabilities

9,089,409

-2.98

9,368,663

-37.51

14,993,409

72.44

8,694,635

16.55

7,460,014

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

7.96

59.84

4.98

21.76

4.09

19.59

3.42

-44.30

6.14

Return  on  capital  employed

21.75

47.06

14.79

-28.24

20.61

-6.45

22.03

-42.57

38.36

Return  on  total  assets  employed

12.36

45.93

8.47

-6.51

9.06

-30.47

13.03

-35.97

20.35

Return  on  net  assets  employed

22.56

44.43

15.62

-27.79

21.63

-7.41

23.36

-42.77

40.82

Sales  /  net  working  capital

2.74

-8.05

2.98

-40.87

5.04

-21.98

6.46

3.19

6.26

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

11.59

-12.53

13.25

-1.34

13.43

48.73

9.03

-60.15

22.66

Debtor  days

96.40

103

47.42

-42.85

82.97

99

41.56

-17.87

50.60

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

2.31

-1.28

2.34

31.46

1.78

-27.05

2.44

14.55

2.13

Liquidity  ratio  /  acid  ratio

2.31

-1.28

2.34

31.46

1.78

-27.05

2.44

14.55

2.13

Current  debt  ratio

0.79

0

0.79

-41.04

1.34

83.56

0.73

-22.34

0.94

Cashflow

1,050,951

30.87

803,060

-43.87

1,430,824

26.25

1,133,299

-26.48

1,541,466

Net  worth

4,981,715

-1.96

5,081,155

-19.08

6,278,941

29.48

4,849,275

30.44

3,717,756

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

-

Equity  in  percentage

54.81

1.05

54.24

29.51

41.88

-24.92

55.78

11.92

49.84

Total  debt  ratio

0.82

-2.38

0.84

-39.57

1.39

75.95

0.79

-21.78

1.01

Working  capital

5,158,653

-3.71

5,357,501

-18.61

6,582,385

28.26

5,132,245

30.01

3,947,461

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

14,990,194

-7.43

16,194,209

-51.63

33,480,739

0.07

33,457,207

33.76

25,013,445

Turnover

14,114,049

-11.49

15,945,928

-51.95

33,186,814

0.07

33,162,724

34.13

24,724,964

Total  operating  expenses

13,281,328

-15.73

15,759,915

-50.91

32,105,510

0.62

31,906,135

37.54

23,198,292

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

14,990,194

-6.36

16,008,195

-50.59

32,399,435

0.62

32,200,618

37.10

23,486,772

Employee  costs

665,636

15.27

577,475

-42.88

1,010,958

35.85

744,145

-0.94

751,193

Wages  and  salary

457,776

16.63

392,486

-44.19

703,290

33.85

525,413

-0.27

526,854

Employee  pension  costs

-

-

4,571

-

-

-

-

-

-

Social  security  contributions

125,781

11.15

113,159

-43.83

201,473

40.12

143,783

-6.60

153,936

Other  employee  costs

82,079

22.04

67,258

-36.67

106,195

41.69

74,949

6.46

70,403

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

391

-56.51

900

-25.93

1,215

-33.92

1,838

-90.99

20,408

Operating  result

832,721

347

186,013

-82.80

1,081,304

-13.95

1,256,589

-17.69

1,526,673

Total  financial  income

306,274

-52.04

638,665

119

290,662

861

30,219

816

3,298

Total  financial  expenses

15,251

-51.03

31,140

125

13,822

-91.01

153,788

1165

12,154

Results  on  ordinary  operations

1,123,744

41.61

793,537

-41.57

1,358,144

19.87

1,133,021

-25.35

1,517,816

before  taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

9,138

-87.35

72,240

-

-

-

3,242

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

9,138

-87.35

72,240

-

0

-100

3,242

Results  for  the  Year  Before

1,123,744

40.00

802,675

-43.88

1,430,384

26.25

1,133,021

-25.51

1,521,058

Taxation

 

 

 

 

 

 

 

 

 

Taxation

73,184

14112

515

-33.60

776

-50.25

1,559

-

-

Results  on  ordinary  operations

1,050,560

32.48

793,023

-41.58

1,357,369

19.97

1,131,462

-25.45

1,517,816

after  taxation

 

 

 

 

 

 

 

 

 

Net  result

1,050,560

30.97

802,160

-43.89

1,429,609

26.35

1,131,461

-25.61

1,521,058

Profit  (Loss)  for  the  Year  to  be appropiated

1,050,560

30.97

802,160

-43.89

1,429,609

26.35

1,131,461

-25.61

1,521,058

Dividends

500,000

-75.00

2,000,000

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

                                                         

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2016

 

Full-time  Employees

5

Part-time  Employees

-

Total  Fte  Employees

5

Number  of  hours  worked

 

Full-time  Employees

8,676

Part-time  Employees

-

Total

8,676

Personnel  Charges

 

Full-time  Employees

665,636

Part-time  Employees

-

Total

665,636

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

5

Actual  working  hours

7,638

Personnel  Charges

572,904

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

Full-Time

 

Part-Time

Total  Fte

Unlimited  Duration

6

-

 

6

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

1

-

1

Higher  education  (non

1

-

1

university)

 

 

 

Higher  education

3

-

3

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher  education (university)

1

-

1

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

6

-

6

Blue  collar  worker

-

-

-

Other

-

-

-

Temporary  personnel

 

Total

 

Average  number  of  temporary  staff

 

-

 

Actual  working  hours

 

-

 

Cost  of  temporary  staff

 

-

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

2

-

2

Leavers

1

-

1

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

1

-

Number  of  training  hours

8

-

Net  costs  for  enterprise

1,295

-

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

52290

 

Activity  description

Other  supporting  transport  activities

 

Payment  Information

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

11.59

Day  sales  outstanding

96.40

 

Industry  comparison                                     

Activity  code

52290

Activity  description

Other  supporting  transport  activities

Industry  average  payment expectation  days

125.29

Industry  average  day  sales outstanding

142.62

 

Industry  quartile  analysis Payment  expectations

 

Company  result

11.59

Lower

102.92

Median

51.13

Upper

28.66

 

Day  sales  outstanding

 

Company  result

96.40

Lower

111.91

Median

70.48

Upper

41.98

 

 

Shareholder  Details

                                                        

Summary

 

Group  -  Number  of  Companies

11

Linkages  -  Number  of  Companies

1

Number  of  Countries

1

 

Group  Structure                                                 

Company  name

Number

Latest

 

 

financials

- CONTI  7  NV

404462185

31-12-2016

- - CONTI-LINES  NV

434759443

31-12-2016

- - CONTI-LINES  SHIPPING  NV

898760230

31-12-2016

- - CONTIMMO  NV

474957431

31-12-2016

- - CONTINENTAL  LINES  NV

477066487

31-12-2016

- - KENNEDY  HUNTER  NV

447920363

31-12-2016

- - R.  WESTPHAL  EN  CO  NV

404518803

31-12-2016

- - SERMAR  NV

438171467

31-12-2016

- - BOCONTI  UKRAÏNE

 

 

- - CONTI  HONG  KONG  LTD

 

 

- - CONTI  LONDON  LIMITED

10331043

 

 

Minority  Shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

No  minority  shareholders  found                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

 

Minority  Interests

 

 

 

 

Business

Company  name

%

 

Date  of

number

 

 

 

accounts

438171467

SERMAR  NV

0.01

80

31/12/2016

434759443

CONTI-LINES  NV

0.01

97

31/12/2016

 

Individual  Shareholders

 

 

 

SHAREHOLDER  NAME

 

 

 

Forename

Anita

Middle  name

-

Surname

Custers

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

07/01/2008(estimated)

End  date

-

Percentage  owned

-

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Oosterlinckhoflaan

House  number

18

Postal  town

Antwerpen

 

 

Post  code

2180

Country

Belgium

SHAREHOLDER  NAME

 

 

 

Forename

Geertrui

Middle  name

Gerarda

Surname

De  Cauwsemaecker

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

07/01/2008(estimated)

End  date

-

Percentage  owned

-

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Hoogboomsteenweg

House  number

8

Postal  town

Kapellen

 

 

Post  code

2950

Country

Belgium

SHAREHOLDER  NAME

 

 

 

Forename

Jacques

Middle  name

Erna

Surname

Dubois

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

07/01/2008(estimated)

End  date

-

Percentage  owned

-

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Frans  Birontlaan

House  number

53

Postal  town

Antwerpen

 

 

Post  code

2600

Country

Belgium

 

 

Linked  Companies

                                                        

Summary

 

Group  -  Number  of  Companies

11

Linkages  -  Number  of  Companies

1

Number  of  Countries

1

 

Linked  Companies

 

NAME

NUMBER

LATEST  KEY FINANCIALS

TURNOVER

ABUDYCK  NV

435045196

31.12.2016

-

 

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

Managing  Director

Start  Date

01/11/2006

Street

 

Post  code

 

Country

 

Name

CONTI  7  NV

Position

Director

Start  Date

01/11/2006

Street

 

Post  code

 

Country

 

Name

Jean-Yves  Brion

Position

Director

Start  Date

23/05/2016

Date  of  birth

07/10/1955

Street

29 EEKHOORNLAAN  ANTWERPEN

Post  code

2610

Country

Belgium

Name

CLEVERSOLUTIONS  BVBA

Position

Director

Start  Date

23/05/2016

Street

 

Post  code

 

Country

 

Name

David  Clevers

Position

Permanent  representative  legal  entity

Start  Date

23/05/2016

Street

69 Beukenlaan  Sint-Denijs-Westrem

Post  code

9051

Country

Belgium

Name

Jean  Brion

Position

Permanent  representative  legal  entity

Start  Date

01/11/2006

Street

11 Palmenlaan  Antwerpen

Post  code

2020

Country

Belgium

Name

JFB  BVBA

Position

Permanent  representative  legal  entity

Start  Date

01/11/2006

Street

 

Post  code

 

Country

 

Former  director  details

 

Name

Jean  Brion

Position

Director

Start  Date

14/12/2007

End  Date

08/09/2017

Street

11 Palmenlaan  Antwerpen

Post  code

2020

Country

Belgium

Name

Marc  Potié

Position

Director

Start  Date

20/05/2008

End  Date

06/02/2014

Street

6 SERINGENLAAN  ANTWERPEN

Post  code

2020

Country

Belgium

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 64.10

UK Pound

1

INR 94.44

Euro

1

INR 79.59

Euro

1

INR 80.21

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.