MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALOK INTERNATIONAL NV |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
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|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
17.02.1983 |
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|
|
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Com. Reg. No.: |
424004222 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
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 : |
Good |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
424004222 |
|
Name |
ALOK INTERNATIONAL NV |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032266099 |
|
Fax Number |
032318665 |
|
Establishment Date |
17-02-1983 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
0 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
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Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
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Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
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Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
182226 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
380,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
174.65 |
|
Day Sales
Outstanding |
155.81 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity
Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.66 |
|
Industry Average
Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.25 |
|
Payment
Expectations - Median |
90.32 |
|
Payment
Expectations - Upper |
162.53 |
|
|
|
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Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
|
Company Shareholder Holding |
|
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
1,878,851 |
8,920,717 |
12,395,852 |
|
Total Operating Expenses |
1,838,919 |
8,765,362 |
11,966,764 |
|
Operating Result |
39,932 |
155,355 |
429,088 |
|
Total Financial Income |
313 |
519 |
1,380 |
|
Total Financial Expenses |
34,239 |
144,039 |
214,525 |
|
Results on Ordinary Operations Before Tax |
6,006 |
11,835 |
215,944 |
|
Taxation |
- |
247 |
76,407 |
|
Results on Ordinary Operations After Tax |
6,006 |
11,588 |
139,537 |
|
Extraordinary Items |
0 |
3,633 |
372,586 |
|
Net Result |
6,006 |
15,221 |
386,394 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
16,898 |
51,504 |
50,122 |
|
Employee Costs |
10,997 |
15,890 |
19,769 |
|
- Wages & Salaries |
9,086 |
12,961 |
16,883 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
1,683 |
2,451 |
1,876 |
|
- Other Employee Costs |
228 |
478 |
1,010 |
|
Amortization & Depreciation |
10,330 |
13,618 |
13,545 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
4,820 |
15,150 |
27,825 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
2,024 |
2,816 |
5,953 |
|
- Other Tangible Assets |
2,796 |
12,334 |
21,872 |
|
Financial Fixed Assets |
10,685 |
5,777 |
5,777 |
|
Total Fixed Assets |
15,505 |
20,927 |
33,602 |
|
Inventories |
2,777,414 |
2,999,488 |
3,549,087 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
2,777,414 |
2,999,488 |
3,549,087 |
|
Trade Debtors |
802,054 |
1,723,279 |
2,914,468 |
|
Cash |
74,250 |
16,185 |
2,170 |
|
- Miscellaneous Current Assets |
1,727 |
2,849 |
1,110 |
|
Total Current Assets |
3,678,653 |
4,787,652 |
6,499,136 |
|
Current Liabilities |
|||
|
- Trade Creditors |
879,911 |
1,003,506 |
2,705,156 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
0 |
1,451,424 |
1,170,199 |
|
- Miscellaneous Current Liabilities |
503,280 |
1,808 |
105,196 |
|
Total Current Liabilities |
1,383,191 |
2,456,738 |
3,980,551 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
1,411,036 |
1,460,615 |
1,380,843 |
|
- Other Long Term Liabilities |
128,429 |
125,729 |
125,729 |
|
Total Long Term Debts |
1,539,465 |
1,586,344 |
1,506,572 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
62,000 |
62,000 |
62,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
709,502 |
703,496 |
983,616 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
771,502 |
765,496 |
1,045,616 |
|
|
|||
|
Working Capital |
2,295,462 |
2,330,914 |
2,518,585 |
|
Net Worth |
771,502 |
765,496 |
1,045,616 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.32 |
0.13 |
1.74 |
|
Return On Capital Employed |
0.26 |
0.50 |
8.46 |
|
Return On Total Assets Employed |
0.16 |
0.25 |
3.31 |
|
Return On Net Assets Employed |
0.26 |
0.51 |
8.57 |
|
Sales / Net Working Capital |
0.82 |
3.83 |
4.92 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
147.83 |
33.62 |
28.63 |
|
Debtor Days |
155.81 |
70.51 |
85.82 |
|
Creditor Days |
174.65 |
41.79 |
82.51 |
|
Short Term Stability |
|||
|
Current Ratio |
2.66 |
1.95 |
1.63 |
|
Liquidity Ratio / Acid Ratio |
0.65 |
0.73 |
0.74 |
|
Current Debt Ratio |
1.79 |
3.21 |
3.81 |
|
Long Term Stability |
|||
|
Gearing |
182.89 |
380.41 |
243.98 |
|
Equity In Percentage |
0.21 |
0.16 |
0.16 |
|
Total Debt Ratio |
1.83 |
3.80 |
2.44 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
|
Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of Drawer |
-- |
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NSSO Details |
|
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Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
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Date of Summons |
|
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Labour Court |
-- |
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Directors |
|
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Company Director |
|
|
Full Name |
BAKULCHANDRA KANTILA MEHTA |
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Birth Date |
1948-01-05 |
|
Position Description |
Managing director |
|
Address |
14 FAZANTENLAAN ANTWERPEN(WILRIJK) |
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Country |
-- |
|
Postal Code |
2610 |
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Birth Date |
2011-01-01 |
|
Company Director |
|
|
Full Name |
SUREKHA BAKUL DESAI |
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Birth Date |
|
|
Position Description |
Director |
|
Address |
14 FAZANTENLAAN WILRIJK (ANTW.) |
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Country |
-- |
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Postal Code |
2610 |
|
Birth Date |
2013-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.