MIRA
INFORM REPORT
|
Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BELADAMAS NV |
|
|
|
|
Registered Office : |
Plantin En Moretuslei 23 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
19.04. 1991 |
|
|
|
|
Com. Reg. No.: |
283116, ANTWERPEN |
|
|
|
|
Legal Form : |
Private Company Limited
By Shares |
|
|
|
|
Line of Business : |
Wholesaler of Miscellaneous
Intermediate Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Very Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
BELADAMAS NV
PLANTIN EN
MORETUSLEI 23
2018 ANTWERPEN BE
Tel. Number
+32-3-2316355
Fax number
+32-3-2316082
|
|
|
|
Business founded |
19 April 1991 |
|
Business registered |
16 May 1991 - Private
company limited by shares |
|
Registration number, |
283116, ANTWERPEN, |
|
VAT number, |
BE444052736, |
|
Legal form |
Private company limited
by shares |
|
Activities |
Wholesale of
miscellaneous intermediate products |
|
Payment experience |
no complaints have been
registered |
|
Credit opinion |
Credit opinion |
|
|
Cash situation (balance
sheet analysis) : Very good |
|
|
Profitability (balance
sheet analysis) : Low |
|
|
Commitments (regarding
contractual obligations) : Currently fulfilled |
|
|
Payment defaults : None |
|
Employees (Business) |
6 |
|
Total share capital31 December 2006 |
EUR 1000000,00 |
|
Branch office(s) |
PLANTIN EN MORETUSLEI 65,2018 ANTWERPEN |
|
Board members |
VAN DIEVOET DANIEL MARIE DOMINIQUE Deputy board
member |
|
|
SAJID AHMED SATHAK ABDUL KADIR
Deputy board member |
|
|
SAABIQUE AHMED FAROOK
MOHAMED Board member |
|
|
CHENG SEE WANG TONY
Board member |
|
Management |
VAN DIEVOET DANIEL MARIE DOMINIQUE Representative
and auditor |
|
Auditor |
VAN CAKENBERGHE & PARTNERS Auditors´ president |
|
|
|
|
|
|
|
|
|
|
The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
|
|
|
|
|
|
Turnover for the
period: 00 0000 - 31 December 2006 in EUR 42.102.129,00 |
|
|
Not consolidated
profit and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet
for the year: 00 0000 - 31 December 2006 in EUR |
|
|
Total assets incl.
prepaid expenses and accrued income |
11.832.639,- |
|
Total fixed assets |
284.576,- |
|
Total tangible fixed assets |
281.767,- |
|
Land and buildings |
151.280,- |
|
Plant, machinery and equipment |
124.643,- |
|
Total financial fixed assets |
2.809,- |
|
Investments (long-term) |
2.809,- |
|
Total Current assets |
11.548.063,- |
|
Inventories and work in
progress (incl. prepayments) |
3.370.591,- |
|
Accounts receivable (trade) |
8.019.344,- |
|
Cash in hand and at bank |
158.128,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
11.832.639,- |
|
Total equity (Shareholders' funds) |
1.508.495,- |
|
Issued (subscribed) capital |
1.000.000,- |
|
Legal reserves |
30.276,- |
|
Profit or loss carried
forward |
478.219,- |
|
Total liabilities |
10.324.144,- |
|
Total long-term liabilities |
126.825,- |
|
Long-term Loans, Mortgage
debts |
126.825,- |
|
Total current liabilities |
10.197.319,- |
|
Current accounts payable (trade) |
5.867.685,- |
|
Current liabilities to credit institutions |
1.228.118,- |
|
Income and social tax
liabilities |
46.422,- |
|
|
|
|
Corporate profit and loss
account for the year: 00 0000 - 31 December 2006 in
EUR |
|
|
Total operating income/revenue |
42.154.217,- |
|
Main revenue (sales/turnover) |
42.102.129,- |
|
Total operating expenses |
41.535.842,- |
|
Cost of materials (type of
expenditure format) |
40.549.249,- |
|
Cost of goods sold
(operational format) |
41.535.842,- |
|
Gross profit or loss
after cost of materials or after cost of goods sold |
618.375,- |
|
Personnel costs |
234.038,- |
|
Depreciation |
35.368,- |
|
Operating profit or loss |
618.375,- |
|
Financial income |
916.412,- |
|
Financial expenses |
1.353.686,- |
|
Result of ordinary operations |
181.101,- |
|
Extraordinary result |
181.101,- |
|
Taxes |
63.000,- |
|
Net profit or loss |
118.101,- |
|
Borrowing ratio |
684,40 % |
|
Current ratio |
113,24 % |
|
Debt gearing |
8,41 % |
|
Profit margin. |
1,55 % |
|
Quick ratio |
80,19 % |
|
Return on assets |
2,46 % |
|
Return on equity. |
7,82 % |
|
Solidity or equity ratio |
12,74 % |
|
|
|
|
Turnover for the period: 00
0000 - 31 December 2005 in EUR 33.410.000,00 |
|
|
Not consolidated
profit and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet
for the year: 00 0000 - 31 December 2005 in EUR |
|
|
Total assets incl. prepaid
expenses and accrued income |
10.906.000,- |
|
Total fixed assets |
151.000,- |
|
Total tangible fixed assets |
148.000,- |
|
Land and buildings |
16.000,- |
|
Plant, machinery and equipment |
125.000,- |
|
Total financial fixed assets |
3.000,- |
|
Investments (long-term) |
3.000,- |
|
Total Current assets |
10.755.000,- |
|
Inventories and work in
progress (incl. prepayments) |
880.000,- |
|
Accounts receivable (trade) |
9.364.000,- |
|
Cash in hand and at bank |
511.000,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
10.906.000,- |
|
Total equity (Shareholders' funds) |
1.390.000,- |
|
Issued (subscribed) capital |
868.000,- |
|
Legal reserves |
24.000,- |
|
Profit or loss carried
forward |
498.000,- |
|
Total liabilities |
9.516.000,- |
|
Total long-term liabilities |
3.000,- |
|
Long-term Loans, Mortgage
debts |
3.000,- |
|
Total current liabilities |
9.507.000,- |
|
Current accounts payable (trade) |
3.951.000,- |
|
Current liabilities to credit institutions |
2.497.000,- |
|
Income and social tax
liabilities |
16.000,- |
|
Total accrued expenses
and deferred income |
6.000,- |
|
|
|
|
Corporate profit and loss
account for the year: 00 0000 - 31 December 2005 in
EUR |
|
|
Total operating income/revenue |
33.435.000,- |
|
Main revenue (sales/turnover) |
33.410.000,- |
|
Total operating expenses |
-32.943.000,- |
|
Cost of materials (type
of expenditure format) |
31.993.000,- |
|
Cost of goods sold
(operational format) |
32.943.000,- |
|
Gross profit or loss after
cost of materials or after cost of goods sold |
492.000,- |
|
Personnel costs |
168.000,- |
|
Depreciation |
39.000,- |
|
Operating profit or loss |
492.000,- |
|
Financial income |
3.088.000,- |
|
Financial expenses |
-3.314.000,- |
|
Result of ordinary operations |
266.000,- |
|
Extraordinary expenses |
-14.000,- |
|
Extraordinary result |
252.000,- |
|
Taxes |
-56.000,- |
|
Net profit or loss |
196.000,- |
|
Borrowing ratio |
684,60 % |
|
Current ratio |
113,05 % |
|
Debt gearing |
0,22 % |
|
Profit margin. |
1,92 % |
|
Quick ratio |
103,87 % |
|
Return on assets |
4,70 % |
|
Return on equity. |
14,10 % |
|
Solidity or equity ratio |
12,74 % |
|
|
|
|
Turnover for the period: 00 0000 - 31 December 2004 in
EUR 30.265.576,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
|
|
|
|
Corporate balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
|
|
Total assets incl. prepaid expenses and accrued income |
7.665.133,- |
|
Total fixed assets |
48.441,- |
|
Total tangible fixed assets |
47.944,- |
|
Plant, machinery and equipment |
31.423,- |
|
Total financial fixed assets |
497,- |
|
Total Current assets |
7.616.692,- |
|
Inventories and work in progress (incl. prepayments) |
3.096.138,- |
|
Accounts receivable (trade) |
4.470.281,- |
|
Cash in hand and at bank |
34.330,- |
|
Total accrued income and prepaid expenses |
15.943,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
7.665.133,- |
|
Total equity (Shareholders' funds) |
1.194.685,- |
|
Issued (subscribed) capital |
867.627,- |
|
Legal reserves |
14.585,- |
|
Profit or loss carried forward |
312.473,- |
|
Total liabilities |
6.470.448,- |
|
Total long-term liabilities |
414.119,- |
|
Total current liabilities |
6.055.289,- |
|
Current accounts payable (trade) |
5.552.079,- |
|
Current liabilities to credit institutions |
401.049,- |
|
Income and social tax
liabilities |
4.400,- |
|
Total accrued expenses
and deferred income |
1.040,- |
|
|
|
|
Corporate profit and loss
account for the year: 00 0000 - 31 December 2004 in
EUR |
|
|
Main revenue (sales/turnover) |
30.265.576,- |
|
Cost of goods sold (operational format) |
154.139,- |
|
Gross profit or loss after cost of materials or after cost of goods
sold |
30.111.437,- |
|
Personnel costs |
115.330,- |
|
Depreciation |
38.313,- |
|
Operating profit or loss |
-910.261,- |
|
Financial income |
4.304.958,- |
|
Financial expenses |
-3.307.899,- |
|
Result of ordinary operations |
86.798,- |
|
Extraordinary income |
18.352,- |
|
Extraordinary result |
105.150,- |
|
Taxes |
-69.800,- |
|
Net profit or loss |
35.350,- |
|
Borrowing ratio |
541,60 % |
|
Current ratio |
125,76 % |
|
Debt gearing |
34,66 % |
|
Profit margin. |
-2,88 % |
|
Quick ratio |
74,39 % |
|
Return on assets |
45,02 % |
|
Return on equity. |
2,95 % |
|
Solidity or equity ratio |
15,58 % |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.38 |
|
UK Pound |
1 |
Rs.81.34 |
|
Euro |
1 |
Rs.64.55 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)