MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
WINDIAM BVBA |
|
|
|
|
Registered Office : |
53, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
30.05.1991 |
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|
|
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Com. Reg. No.: |
444250793 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
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 : |
Good |
|
|
|
|
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 |
444250793 |
|
Name |
WINDIAM BVBA |
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032266444 |
|
Fax Number |
032266200 |
|
Establishment Date |
30-05-1991 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
21 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
PELIKAANSTRAAT |
|
House Number |
78 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
283610 |
|
Trade Registered Entry Date |
01-07-1991 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
40449 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
14,100,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
64.55 |
|
Day Sales Outstanding |
86.77 |
|
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 |
30-06-2010 |
30-06-2009 |
30-06-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
56,310,926 |
71,593,584 |
106,617,893 |
|
Total Operating Expenses |
55,775,254 |
70,184,405 |
106,006,445 |
|
Operating Result |
535,672 |
1,409,179 |
611,448 |
|
Total Financial Income |
13,731 |
51,822 |
2,854 |
|
Total Financial Expenses |
583,913 |
1,081,766 |
766,230 |
|
Results on Ordinary Operations Before Tax |
-34,510 |
379,235 |
-151,927 |
|
Taxation |
21,238 |
266,107 |
45,912 |
|
Results on Ordinary Operations After Tax |
-55,748 |
113,128 |
-197,839 |
|
Extraordinary Items |
4,021 |
89,029 |
210,256 |
|
Net Result |
-51,727 |
202,157 |
12,416 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
146,755 |
162,755 |
185,155 |
|
Employee Costs |
622,765 |
609,070 |
590,280 |
|
- Wages & Salaries |
493,537 |
465,243 |
458,827 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
98,513 |
113,405 |
95,009 |
|
- Other Employee Costs |
30,715 |
30,422 |
36,444 |
|
Amortization & Depreciation |
187,057 |
184,599 |
198,298 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
3,249 |
6,222 |
13,307 |
|
Tangible Fixed Assets |
4,188,955 |
4,293,240 |
4,458,644 |
|
- Land And Buildings |
3,857,066 |
3,882,368 |
3,907,670 |
|
- Plant And Machinery |
174,474 |
266,031 |
340,223 |
|
- Other Tangible Assets |
157,415 |
144,841 |
210,751 |
|
Financial Fixed Assets |
5,235 |
4,523 |
4,056 |
|
Total Fixed Assets |
4,197,439 |
4,303,985 |
4,476,007 |
|
Inventories |
14,622,574 |
14,493,569 |
9,981,392 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
14,622,574 |
14,493,569 |
9,981,392 |
|
Trade Debtors |
13,387,243 |
9,991,288 |
15,704,759 |
|
Cash |
890,968 |
716,780 |
435,784 |
|
- Miscellaneous Current Assets |
67,723 |
18,400 |
33,244 |
|
Total Current Assets |
29,049,098 |
25,267,022 |
26,193,177 |
|
Current Liabilities |
|||
|
- Trade Creditors |
9,863,872 |
3,680,938 |
8,827,932 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
7,675,157 |
10,058,911 |
6,007,690 |
|
- Miscellaneous Current Liabilities |
88,881 |
298,672 |
176,375 |
|
Total Current Liabilities |
17,627,910 |
14,038,521 |
15,011,997 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
1,492,785 |
1,358,784 |
1,650,891 |
|
- Other Long Term Liabilities |
24,374 |
20,507 |
55,259 |
|
Total Long Term Debts |
1,517,159 |
1,379,291 |
1,706,150 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
11,032,761 |
11,084,489 |
10,882,332 |
|
- Revaluation Reserve |
3,050,106 |
3,050,106 |
3,050,106 |
|
Total Shareholders Equity |
14,101,467 |
14,153,195 |
13,951,038 |
|
|
|||
|
Working Capital |
11,421,188 |
11,228,501 |
11,181,180 |
|
Net Worth |
14,098,218 |
14,146,973 |
13,937,731 |
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Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-0.06 |
0.53 |
-0.14 |
|
Return On Capital Employed |
-0.22 |
2.44 |
-0.97 |
|
Return On Total Assets Employed |
-0.10 |
1.28 |
-0.50 |
|
Return On Net Assets Employed |
-0.30 |
3.38 |
-1.36 |
|
Sales / Net Working Capital |
4.93 |
6.38 |
9.54 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
25.97 |
20.24 |
9.36 |
|
Debtor Days |
86.77 |
50.94 |
53.76 |
|
Creditor Days |
64.55 |
19.14 |
30.40 |
|
Short Term Stability |
|||
|
Current Ratio |
1.65 |
1.80 |
1.74 |
|
Liquidity Ratio / Acid Ratio |
0.82 |
0.77 |
1.08 |
|
Current Debt Ratio |
1.25 |
0.99 |
1.08 |
|
Long Term Stability |
|||
|
Gearing |
65.01 |
80.67 |
54.90 |
|
Equity In Percentage |
0.42 |
0.48 |
0.46 |
|
Total Debt Ratio |
0.65 |
0.81 |
0.55 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
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Bill Amount |
|
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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 |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
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Labour Court |
-- |
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Directors |
|
|
Company Director |
|
|
Full Name |
GON RAZ |
|
Birth Date |
1968-03-14 |
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Position Description |
Manager |
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Address |
1 PRINS ALBERTLEI BERCHEM (ANTW.) |
|
Country |
-- |
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Postal Code |
2600 |
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Birth Date |
|
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Company Director |
|
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Full Name |
ALEXANDER JAFFE |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
34 PETER BENOITSTRAAT ANTWERPEN |
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Country |
-- |
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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.