MIRA INFORM REPORT

 

 

Report Date :           

09.05.2011

 

IDENTIFICATION DETAILS

 

Name :

NEUGROSCHL & ZOON NV

 

 

Registered Office :

Hovenierstraat 2 Antwerpen 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

23.12.1983

 

 

Com. Reg. No.:

425904828

 

 

Legal Form :

Public Limited Liability Company (BE)

 

 

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

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 summary

 

Top of Form


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Business number

425904828

Company name

NEUGROSCHL & ZOON NV

Address

HOVENIERSTRAAT 2 ANTWERPEN

Telephone number

032322924

Post code

2018

Fax number

032261081

Date of establishment

23/12/1983

Number of staff

1

 

 

Credit information

 

purchase limit

0

 

 

Accounts & ratios

 

Date of latest accounts

Turnover

Profit Before Tax

Net worth

31/12/2009

 

8,669

2,083,484

31/12/2008

 

12,773

2,074,533

31/12/2007

 

36,402

2,055,671

 

 

Trends

 

Profitability

 

 

Liquidity

 

 

Net worth

 

 

 

 

Payment expectations

 

Past payments

 

Payment expectation days

-

Industry average payment expectation days

210.80

Industry average day sales outstanding

165

Day sales outstanding

-

 

Court data summary

 

Bankruptcy details

Court action type

no

Protested bills

Bill amount

-

NSSO details

Date of summons

-

 

Business number

425904828

Company name

NEUGROSCHL & ZOON NV

Fax number

032261081

Date founded

23/12/1983

Company status

active

Company type

Public Limited Liability Company (BE)

Currency

Euro (€)

Date of latest accounts

31/12/2009

Activity code

46761

liable for VAT

yes

Activity description

Wholesale of diamonds and other precious stones

VAT Number

BE.0425.904.828.

 

 

Latest branch details

 

Street

PELIKAANSSTRAAT

Entry date

01/07/1984

House or po box number

86

Trade register number

241293

City

ANTWERPEN

Post code

2000

 

 

Contractor details Check Article 30 Bis

 

Registered contractor number

-

Contractor description

-

Date struck off register

 

 

 

Personnel limit NSSO

Code

-

Description

FROM 1 TO 4 EMPLOYEES

 

AMB Publications

 

AMB publication serial number

119850

Contents

Reappointment

Event filed date

24/07/2006

 

AMB publication serial number

155473

Contents

Change of articles of association

Event filed date

09/11/2004

 

AMB publication serial number

155473

Contents

Conversion of share capital in EUR

Event filed date

09/11/2004

 

AMB publication serial number

566

Contents

Appointment

Event filed date

23/01/2002

 

 

 

Belgian Bullettin of Acts Publications moniteur belge

 

AMB publication serial number

20041109-55473

Contents

Conversion of share capital in EUR

Event filed date

18/10/2004

 

AMB publication serial number

19940719-269

Contents

Increase of capital from EUR 7436806 to EUR 28478008

Event filed date

04/07/1994

 

AMB publication serial number

19890411-70

Contents

 

Event filed date

11/04/1989

 

AMB publication serial number

-0

Contents

Previous name NEUGROSCHL EN CO

Event filed date

11/04/1989

 

AMB publication serial number

19890411-70

Contents

Change of name NEUGROSCHL & ZOON

Event filed date

11/04/1989

 

AMB publication serial number

19880121-283

Contents

Transfer of registered office HOVENIERSSTRAAT 2 - 2018 ANTWERPEN

Event filed date

21/01/1988

 

 

 

Joint Industrial Committee (JIC)

 

JIC Code

218

Description

Additional national joint committee for the employees

category

 

 

 

Significant Events

 

Event Date

26/05/2006

Event Description

re-appointment of director(s)

Event Details

Commentaar 26-05-2006: Herbenoeming bestuurders voor een periode van zes jaar: Berlinger Schefa, Neugroschl Max en Neugroschl David (ook als gedelegeerd bestuurder).

 

(26/05/2006 Comment: Reappointment directors for a period of six years: Schefa Berlinger, Neugroschl Neugroschl Max and David (as CEO).)

 

 

Profit & loss

 

Annual accounts

31-12-2009

%

31-12-2008

%

31-12-2007

Industry average
2009

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

-

-

-

-

-

27,559,303

-

Total operating expenses

-

-

-

-

109,296

27,351,676

-

Operating result

41,366

110

-37,508

-134

109,296

65,660

-37.00

Total financial income

7,029

-91.87

86,461

-42.09

149,299

163,209

-95.69

Total financial expenses

39,726

9.80

36,180

-83.72

222,193

230,412

-82.76

Results on ordinary operations before taxation

8,669

-32.13

12,773

-64.91

36,402

-21,355

40.59

Taxation

-282

4.63

-6,089

-

-

13,349

-102

Results on ordinary operations after taxation

8,951

-52.54

18,862

-48.18

36,402

-30,520

29.33

Extraordinary items

0

-

0

-

0

5,281

-100

Other appropriations

0

-

0

-

0

-

-

Net result

8,951

-52.54

18,862

-48.18

36,402

-25,357

35.30

other information

Dividends

-

-

-

-

-

587,587

-

Director remuneration

-

-

-

-

-

117,842

-

Employee costs

91,523

3.46

88,464

2.87

85,992

131,179

-30.23

      Wages and salary

76,583

5.23

72,777

1.06

72,015

112,576

-31.97

      Employee pension costs

-

-

-

-

-

231,467

-

      Social security contributions

14,462

-5.35

15,280

11.66

13,685

28,546

-49.34

      Other employee costs

478

17.44

407

39.38

292

2,303

-79.24

Amortization and depreciation

943

-52.06

1,967

-82.66

11,341

23,016

-95.90

 

 

balance sheet

 

Annual accounts

31-12-2009

%

31-12-2008

%

31-12-2007

Industry average
2009

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

0

-

0

-

0

8,214

-100

Tangible fixed assets

102,807

2.93

99,882

-1.93

101,849

168,173

-38.87

      Land & building

99,755

0

99,755

0

99,755

335,274

-70.25

      Plant & machinery

3,052

-

-

-

1,672

25,150

-87.86

      Other tangible assets

0

-100

127

-69.91

422

20,653

-100

Financial fixed assets

3,388

0

3,388

0

3,388

268,029

-98.74

Total fixed assets

106,195

2.83

103,270

-1.87

105,237

349,563

-69.62

Inventories

1,798,826

-19.05

2,222,027

39.13

1,597,078

2,714,920

-33.74

      Raw materials & consumables

-

-

-

-

0

3,245,897

-

      Work in progress

0

-

0

-

0

4,498

-100

      Finished goods

0

-

0

-

0

1,731,983

-100

      Other stocks

1,798,826

-19.05

2,222,027

39.13

1,597,078

506,794

254

Trade debtors

0

-100

4,907

-98.89

442,119

2,965,734

-100

Cash

457,103

926

44,512

-89.80

436,275

214,072

113

other amounts receivable

2,650

30.03

2,038

-84.74

13,353

279,887

-99

Miscellaneous current assets

5,822

-10.80

6,527

7.49

6,072

18,855

-69.12

Total current assets

2,264,401

-0.68

2,280,011

-8.61

2,494,897

5,752,125

-60.63

current liabilities

Trade creditors

213,422

-11.74

241,812

-49.34

477,326

2,369,818

-90.99

Short term group loans

-

-

-

-

0

-

-

Other short term loans

4,535

-

0

-

0

1,371,851

-99

Miscellaneous current liabilities

69,155

3.32

66,936

-0.30

67,137

-84.95

- -

Total current liabilities

287,112

-7.01

308,748

-43.29

544,463

4,093,683

-92.99

Long term debts

Long term group loans

-

-

-

-

0

-

- -

Other long term loans

-

-

-

-

0

-

- -

Other long term liabilities

0

-

0

-

0

106,489

-100

Total long term debts

0

-

0

-

0

515,319

-100

shareholders equity

Issued share capital

284,780

0

284,780

0

284,780

776,323

-63.32

Share premium account

310,164

0

310,164

0

310,164

117,911

163

Reserves

1,488,540

0.60

1,479,589

1.29

1,460,727

651,997

128

Revaluation reserve

-

-

-

-

0

726,467

-

Total shareholders equity

2,083,484

0.43

2,074,533

0.92

2,055,671

1,446,450

44.04

Working capital

1,977,289

0.31

1,971,263

1.07

1,950,434

1,658,442

19.23

Net worth

2,083,484

0.43

2,074,533

0.92

2,055,671

1,438,236

44.86

back to top

 

 

ratio analysis

 

Annual accounts

31-12-2009

change(%)

31-12-2008

change(%)

31-12-2007

Industry average
2009

%

Trading performance

Profit Before Tax

-

-

-

-

-

-13,00

-

Return on capital employed

0.42

-32.26

0.62

-64.97

1.77

-17,00

2.47

Return on total assets employed

0.37

-31.48

0.54

-61.43

1.40

-4,00

9.25

Return on net assets employed

0.42

-32.26

0.62

-64.97

1.77

6,00

-93.00

Sales / net working capital

-

-

-

-

-

26,00

-

Stock turnover ratio

-

-

-

-

-

203,00

-

Debtor days

-

-

-

-

-

393,00

-

Creditor days

-

-

-

-

1594.06

195,00

-

short term stability

Current ratio

7.89

6.91

7.38

61.14

4.58

13,00

394

Liquidity ratio / acid ratio

1.62

752

0.19

-88.48

1.65

5,00

-67.60

Current debt ratio

0.14

-6.67

0.15

-42.31

0.26

-2,00

7.00

Liquidity ratio reprocessed

-

-

-

-

-

-

-

long term stability

Gearing

0.22

-

-

-

-

71,00

-99

Equity in percentage

87.89

0.96

87.05

10.11

79.06

-68,00

129

Total debt ratio

0.14

-6.67

0.15

-42.31

0.26

-2,00

7.00

 

 

Limit History

 

no limit history data found

 

 

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

industry average credit rating

66.71

Industry average credit limit

160643.81

 

 

Suspension of payments / moratorium history

 

Amount

-

Details

-

 

 

Payment expectations

 

Payment expectation days

-

Day sales outstanding

-

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

Industry average payment expectation days

210.80

Industry average day sales outstanding

165

 

 

Industry quartile analysis

 

Payment expectations

View graph

Company result

-

Lower

171.11

Median

104.98

Upper

49.81

 

Day sales outstanding

View graph

Company result

-

Lower

153.69

Median

75.14

Upper

33.09

 

 

Holding company

 

No holding companies found

 

Subsidiaries

 

No subsidiary companies found

 

 

Companies that match this address

 

Business number

Company name

Rating

Limit

Date of accounts

478926810

C.M.R.DIAMONDS NV

83

25500

31/12/2009

 

Protested bills

 

Drawee name

-

Address

-

Bill amount

-

Bill currency

-

Maturity of bill

-

Name of drawer

-

City of drawer

-

 

 

NSSO details

 

Business number

425904828

Name of defendant

-

Legal form of defendant

-

Date of summons

-

Labour court

-

 

 

Bankruptcy details

 

 

There is no bankruptcy data against this company

 

 

 

court data

 

there is no data for this company

Current director details

Name

SCHEFA BERLINGER

Position

Director

Street

46 BELGIĖLEI ANTWERPEN

Post code

2018

Country

Belgium

 

Name

MAX NEUGROSCHL

Position

Director

Street

46 BELGIĖLEI ANTWERPEN

Post code

2018

Country

Belgium

 

 

Name

DAVID NEUGROSCHL

Position

Director

Street

23 BELGIĖLEI ANTWERPEN

Post code

2018

Country

Belgium

 

Name

DAVID NEUGROSCHL

Position

Managing Director

Street

23 BELGIĖLEI ANTWERPEN

Post code

2018

Country

Belgium

 

 

 

Former director details

 

Name

MAX NEUGROSCHL

Position

Managing Director

Street

46 BELGIĖLEI ANTWERPEN

Post code

2018

Country

Belgium

 

 

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.73.43

Euro

1

Rs.65.27

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.