MIRA INFORM
REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
GEMINI CORPORATION NV |
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Registered Office : |
6, Waterwilgweg, Antwerpen 2000 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
22.09.1989 |
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Com. Reg. No.: |
273169 |
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Legal Form : |
Limited company |
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Line of Business : |
Wholesale of Iron and Steal Scrap and Old Non-Ferrometals |
RATING & COMMENTS
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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 |
|
Maximum Credit Limit : |
(€) 390,000 |
|
Status : |
Good |
|
Payment
Behaviour : |
No complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
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company details |
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Company Number |
438488597 |
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Name |
GEMINI CORPORATION NV |
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Address |
6, WATERWILGWEG, ANTWERPEN |
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Post Code |
2000 |
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Telephone Number |
032522072 |
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Fax Number |
032532185 |
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Establishment Date |
22-09-1989 |
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Company Status |
ACTIVE |
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Company Type |
Limited company |
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Number of Employees |
18 |
|
Activity Description |
Wholesale of iron and steal scrap and old non-ferrometals |
|
Activity Code |
46772 |
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Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HANEGRAEFSTRAAT |
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House Number |
74 |
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City |
ANTWERPEN |
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Postal Code |
2000 |
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Trade Registered Number |
273169 |
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Trade Registered Entry Date |
01-12-1989 |
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Contractor Details |
|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
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Serial Number |
73217 |
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Event Description |
Reappointment commissioner |
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Rating and Limit |
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Credit Information |
|
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Credit Limit (€) |
390,000 |
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Purchase Limit (€) |
13,400,000 |
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Industry Comparison |
|
|
Industry Average Credit Limit (€) |
25,467 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
15.57 |
|
Day Sales Outstanding |
20.79 |
|
Industry Comparison |
|
|
Activity Code |
4677 |
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Activity Description |
Wholesale of waste and scrap |
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Industry Average Day Sales Outstanding |
70.70 |
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Industry Average Payment Expectation Days |
63.86 |
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Industry Quartile Analysis |
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Payment Expectations - Lower |
22.91 |
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Payment Expectations - Median |
44.97 |
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Payment Expectations - Upper |
71.07 |
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|
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Day Sales Outstanding - Lower |
17.39 |
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Day Sales Outstanding - Median |
33.62 |
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Day Sales Outstanding - Upper |
58.94 |
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Company Shareholder Holding |
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Company Accounts
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|||
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
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Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
67,236,584 |
67,885,496 |
45,608,155 |
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Total Operating Expenses |
65,379,889 |
66,929,662 |
45,039,171 |
|
Operating Result |
1,856,695 |
955,834 |
568,984 |
|
Total Financial Income |
205,013 |
345,470 |
4,303 |
|
Total Financial Expenses |
626,353 |
436,998 |
215,846 |
|
Results on Ordinary Operations Before Tax |
1,435,356 |
864,306 |
357,440 |
|
Taxation |
428,635 |
264,193 |
124,615 |
|
Results on Ordinary Operations After Tax |
1,006,721 |
600,113 |
232,825 |
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Extraordinary Items |
0 |
-63,890 |
0 |
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Net Result |
1,006,721 |
536,223 |
232,826 |
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Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
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Employee Costs |
962,926 |
699,307 |
455,608 |
|
- Wages & Salaries |
742,974 |
527,482 |
364,089 |
|
- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
194,302 |
135,842 |
101,407 |
|
- Other Employee Costs |
25,650 |
35,983 |
-9,888 |
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Amortization & Depreciation |
94,569 |
71,194 |
113,048 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
64,602 |
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Tangible Fixed Assets |
1,240,652 |
665,610 |
684,756 |
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- Land And Buildings |
992,601 |
551,788 |
570,133 |
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- Plant And Machinery |
0 |
0 |
0 |
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- Other Tangible Assets |
248,051 |
113,822 |
114,623 |
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Financial Fixed Assets |
6,058 |
5,436 |
3,731 |
|
Total Fixed Assets |
1,246,710 |
671,046 |
753,089 |
|
Inventories |
1,292,311 |
684,754 |
827,025 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,292,311 |
684,754 |
827,025 |
|
Trade Debtors |
3,829,525 |
2,935,132 |
4,566,573 |
|
Cash |
3,132 |
3,247 |
1,239 |
|
- Miscellaneous Current Assets |
533,862 |
40,776 |
34,399 |
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Total Current Assets |
5,903,450 |
3,753,291 |
5,525,699 |
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Current Liabilities |
|||
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- Trade Creditors |
2,788,421 |
1,307,286 |
3,589,678 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
612,008 |
528,264 |
724,588 |
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- Miscellaneous Current Liabilities |
-146,517 |
152,555 |
68,061 |
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Total Current Liabilities |
3,253,912 |
1,988,105 |
4,382,327 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
0 |
0 |
0 |
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- Other Long Term Liabilities |
17,223 |
15,129 |
11,580 |
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Total Long Term Debts |
17,223 |
15,129 |
11,580 |
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Shareholders Equity |
|||
|
- Issued Share Capital |
829,000 |
829,000 |
829,000 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
2,598,823 |
1,592,102 |
1,055,879 |
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- Revaluation Reserve |
451,203 |
0 |
0 |
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Total Shareholders Equity |
3,879,026 |
2,421,102 |
1,884,879 |
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|||
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Working Capital |
2,649,538 |
1,765,186 |
1,143,372 |
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Net Worth |
3,879,026 |
2,421,102 |
1,820,277 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
2.13 |
1.27 |
0.78 |
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Return On Capital Employed |
36.84 |
35.48 |
18.85 |
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Return On Total Assets Employed |
20.07 |
19.54 |
5.69 |
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Return On Net Assets Employed |
54.17 |
48.96 |
31.26 |
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Sales / Net Working Capital |
25.38 |
38.46 |
39.89 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
1.92 |
1.01 |
1.81 |
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Debtor Days |
20.79 |
15.78 |
36.55 |
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Creditor Days |
15.57 |
7.13 |
29.09 |
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Short Term Stability |
|||
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Current Ratio |
1.81 |
1.89 |
1.26 |
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Liquidity Ratio / Acid Ratio |
1.42 |
1.54 |
1.07 |
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Current Debt Ratio |
0.84 |
0.82 |
2.32 |
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Long Term Stability |
|||
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Gearing |
15.78 |
21.82 |
38.44 |
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Equity In Percentage |
0.54 |
0.55 |
0.30 |
|
Total Debt Ratio |
0.16 |
0.22 |
0.38 |
Company Court Data
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Protested Bills |
|
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Drawee Name |
-- |
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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 |
-- |
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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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-- |
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Directors |
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Company Director |
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Full Name |
SOOREYNDRA KUMAR BORAD |
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Birth Date |
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Position Description |
Chairman of the board |
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Address |
3 ESMOREITLAAN ANTWERPEN |
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Country |
-- |
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Postal Code |
2050 |
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Birth Date |
2013-01-01 |
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Company Director |
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Full Name |
BHANSALI SHASHI PRAKASH |
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Birth Date |
|
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Position Description |
Director |
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Address |
3 AUGUST VERMEYLENLAAN ANTWERPEN |
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Country |
-- |
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Postal Code |
2050 |
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Birth Date |
2013-01-01 |
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Company Director |
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Full Name |
RAKESH KUMAR SURANA |
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Birth Date |
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Position Description |
Director |
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Address |
3 |
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Country |
-- |
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Postal Code |
2050 |
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Birth Date |
2013-01-01 |
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Company Director |
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Full Name |
RAM KRISHAN PRAJAPATI |
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Birth Date |
|
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Position Description |
Director |
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Address |
32 HANEGRAEFSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2050 |
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Birth Date |
2013-01-01 |
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Company Director |
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Full Name |
LATA VED PRAKASH |
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Birth Date |
|
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Position Description |
Director |
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Address |
8 WALTER VAESSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2050 |
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Birth Date |
2013-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
|
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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 Company |
---- |
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.