MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DENIM BVBA |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.04.1986 |
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|
|
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Com. Reg. No.: |
428704366 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
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 : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
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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 |
428704366 |
|
Name |
DENIM BVBA |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032253020 |
|
Fax Number |
032342891 |
|
Establishment Date |
01-04-1986 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability 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 |
BELGIELEI |
|
House Number |
4 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
250866 |
|
Trade Registered Entry Date |
01-04-1986 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
183784 |
|
Event Description |
Appointment |
|
Purchase Limit (€) |
|
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
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 |
|
|
|
|
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 |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
|
Operating Result |
93,082 |
128,873 |
119,973 |
|
Total Financial Income |
182 |
10,936 |
3,476 |
|
Total Financial Expenses |
51,366 |
110,703 |
96,145 |
|
Results on Ordinary Operations Before Tax |
41,899 |
29,106 |
27,305 |
|
Taxation |
10,656 |
7,546 |
1,674 |
|
Results on Ordinary Operations After Tax |
31,243 |
21,560 |
25,631 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
31,243 |
21,560 |
25,631 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
0 |
0 |
0 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
|
Amortization & Depreciation |
6,689 |
9,721 |
9,709 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
192,605 |
185,552 |
194,918 |
|
- Land And Buildings |
178,772 |
184,351 |
189,930 |
|
- Plant And Machinery |
13,579 |
877 |
4,989 |
|
- Other Tangible Assets |
254 |
324 |
-1 |
|
Financial Fixed Assets |
0 |
0 |
0 |
|
Total Fixed Assets |
192,605 |
185,552 |
194,918 |
|
Inventories |
2,112,018 |
206,961 |
148,399 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
2,112,018 |
206,961 |
148,399 |
|
Trade Debtors |
4,288,360 |
1,338,120 |
1,556,541 |
|
Cash |
167,977 |
641,993 |
36,102 |
|
- Miscellaneous Current Assets |
468 |
796 |
606 |
|
Total Current Assets |
7,139,862 |
2,549,335 |
2,013,301 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,836,478 |
795,490 |
344,763 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
1,923,826 |
607,571 |
545,522 |
|
- Miscellaneous Current Liabilities |
240,206 |
290,675 |
320,103 |
|
Total Current Liabilities |
6,000,510 |
1,693,736 |
1,210,388 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
8,985 |
|
- Other Long Term Liabilities |
803,893 |
544,329 |
513,586 |
|
Total Long Term Debts |
803,893 |
544,329 |
522,571 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
509,464 |
478,221 |
456,661 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
528,064 |
496,821 |
475,261 |
|
|
|||
|
Working Capital |
1,139,352 |
855,599 |
802,913 |
|
Net Worth |
528,064 |
496,821 |
475,261 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
- |
- |
- |
|
Return On Capital Employed |
3.15 |
2.80 |
2.74 |
|
Return On Total Assets Employed |
0.57 |
1.06 |
1.24 |
|
Return On Net Assets Employed |
3.68 |
3.40 |
3.40 |
|
Sales / Net Working Capital |
- |
- |
- |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
|
Creditor Days |
- |
- |
- |
|
Short Term Stability |
|||
|
Current Ratio |
1.19 |
1.51 |
1.66 |
|
Liquidity Ratio / Acid Ratio |
0.84 |
1.38 |
1.54 |
|
Current Debt Ratio |
11.36 |
3.41 |
2.55 |
|
Long Term Stability |
|||
|
Gearing |
364.32 |
122.29 |
116.67 |
|
Equity In Percentage |
0.07 |
0.18 |
0.22 |
|
Total Debt Ratio |
3.64 |
1.22 |
1.17 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
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City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
NARESH MOTILAL SHAH |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
21 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
DIPAK MOTILAL SHAH |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
33 BELGIELEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
VICKY BHARATKUMAR SHAH |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
31 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
|
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.