MIRA INFORM REPORT
|
Report Date : |
14.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
EXELCO NV |
|
|
|
|
Registered Office : |
62, Pelikaanstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
08.03.1995 |
|
|
|
|
Com. Reg. No.: |
454661071 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
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 |
|
|
|
|
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 |
454661071 |
|
Name |
EXELCO NV |
|
Address |
62, PELIKAANSTRAAT, ANTWERPEN |
|
Post Codes |
2018 |
|
Telephone Number |
032332452 |
|
Fax Number |
032338841 |
|
Establishment Date |
08-03-1995 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
7 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HOVENIERSSTRAAT |
|
House Number |
30 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
308764 |
|
Trade Registered Entry Date |
01-04-1995 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
182340 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
17,600,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
123.40 |
|
Day Sales Outstanding |
130.13 |
|
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 |
|
|
Shareholder Detail |
|
|
Company Number |
893075337 |
|
Company Name |
EXELCO SOURCING BVBA |
|
Address |
PELIKAANSTRAAT 62, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
50 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
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 |
70,281,719 |
59,589,388 |
70,213,240 |
|
Total Operating Expenses |
69,608,749 |
58,747,026 |
69,174,439 |
|
Operating Result |
672,970 |
842,362 |
1,038,801 |
|
Total Financial Income |
16,843 |
25,587 |
56,006 |
|
Total Financial Expenses |
581,982 |
793,119 |
955,312 |
|
Results on Ordinary Operations Before Tax |
107,832 |
74,830 |
139,496 |
|
Taxation |
46,703 |
46,210 |
61,687 |
|
Results on Ordinary Operations After Tax |
61,129 |
28,620 |
77,809 |
|
Extraordinary Items |
-10,333 |
0 |
-21,683 |
|
Net Result |
50,796 |
28,621 |
56,126 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
106,980 |
82,013 |
44,000 |
|
Employee Costs |
268,574 |
283,626 |
271,351 |
|
- Wages & Salaries |
212,787 |
219,878 |
210,409 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
40,496 |
47,430 |
44,363 |
|
- Other Employee Costs |
15,291 |
16,318 |
16,579 |
|
Amortization & Depreciation |
65,776 |
84,228 |
88,575 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
1,985 |
7,910 |
16,940 |
|
Tangible Fixed Assets |
144,654 |
188,278 |
244,375 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
45,323 |
66,604 |
98,143 |
|
- Other Tangible Assets |
99,331 |
121,674 |
146,232 |
|
Financial Fixed Assets |
532,160 |
550,253 |
2,724 |
|
Total Fixed Assets |
678,799 |
746,441 |
264,039 |
|
Inventories |
13,360,934 |
12,638,935 |
8,919,426 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
13,360,934 |
12,638,935 |
8,919,426 |
|
Trade Debtors |
25,056,219 |
21,409,884 |
20,569,881 |
|
Cash |
23,427 |
25,518 |
34,448 |
|
- Miscellaneous Current Assets |
583,957 |
662,020 |
117,982 |
|
Total Current Assets |
39,756,093 |
35,439,583 |
30,338,703 |
|
Current Liabilities |
|||
|
- Trade Creditors |
23,533,463 |
18,493,153 |
13,027,355 |
|
- Short Term Group Loans |
25,505,234 |
1,481,660 |
0 |
|
- Other Short Term Loans |
8,716,138 |
9,842,029 |
10,049,740 |
|
- Miscellaneous Current Liabilities |
-25,455,592 |
-1,433,795 |
77,268 |
|
Total Current Liabilities |
32,299,243 |
28,383,047 |
23,154,363 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
4,415,424 |
0 |
0 |
|
- Other Long Term Loans |
4,690,570 |
4,139,441 |
3,930,580 |
|
- Other Long Term Liabilities |
-4,385,856 |
298,821 |
181,703 |
|
Total Long Term Debts |
4,720,138 |
4,438,262 |
4,112,283 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
3,062,525 |
3,062,525 |
3,062,525 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
352,987 |
302,191 |
273,571 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,415,512 |
3,364,716 |
3,336,096 |
|
|
|||
|
Working Capital |
7,456,850 |
7,056,536 |
7,184,340 |
|
Net Worth |
3,413,527 |
3,356,806 |
3,319,156 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.15 |
0.13 |
0.20 |
|
Return On Capital Employed |
1.33 |
0.96 |
1.87 |
|
Return On Total Assets Employed |
0.27 |
0.21 |
0.46 |
|
Return On Net Assets Employed |
1.45 |
1.06 |
1.94 |
|
Sales / Net Working Capital |
9.43 |
8.44 |
9.77 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
19.01 |
21.21 |
12.70 |
|
Debtor Days |
130.13 |
131.14 |
106.93 |
|
Creditor Days |
123.40 |
114.90 |
68.74 |
|
Short Term Stability |
|||
|
Current Ratio |
1.23 |
1.25 |
1.31 |
|
Liquidity Ratio / Acid Ratio |
0.82 |
0.80 |
0.93 |
|
Current Debt Ratio |
9.46 |
8.44 |
6.94 |
|
Long Term Stability |
|||
|
Gearing |
1268.55 |
459.57 |
419.06 |
|
Equity In Percentage |
0.08 |
0.09 |
0.11 |
|
Total Debt Ratio |
12.69 |
4.60 |
4.19 |
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 |
JEAN-PAUL MEIJER TOLKOWSKY |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
36 VAN PUTLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2015-01-01 |
|
Company Director |
|
|
Full Name |
LIOR KUNSTLER |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
4 ALBERT EINSTEIN STREET HERZELIA PITUACH |
|
Country |
-- |
|
Postal Code |
0 |
|
Birth Date |
2016-01-01 |
|
Company Director |
|
|
Full Name |
TSIM SHA TSUI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
2228 HILLWOOD ROAD HILLWOOD COURT |
|
Country |
United Kingdom |
|
Postal Code |
0 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
EXELCO INTERNATIONAL LTD |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
21 REMY OLLIER STR PORT LOUIS |
|
Country |
Mauritius |
|
Postal Code |
0 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
UK Pound |
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
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.