MIRA INFORM REPORT
|
Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
C. MAHENDRA BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
13.11.2003 |
|
|
|
|
Com. Reg. No.: |
861936159 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Usually Correct |
|
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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Summary |
|
|
Business Name |
|
|
Business Number |
861936159 |
|
Address |
HOVENIERSSTRAAT 30 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032011680 |
|
Fax Number |
032011684 |
|
Date of Establishment |
13/11/2003 |
|
Number of Employees |
2 |
|
Company Details |
|
|
Business Number |
861936159 |
|
Name |
C. MAHENDRA BVBA |
|
Fax Number |
032011684 |
|
Establishment Date |
13/11/2003 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
CREDIT RECOMENDATION
Current Credit Limit: 1,100,000€
DIRECTORS/MANAGEMENT
|
Company Director |
|
|
Full Name |
C. MAHENDRA INTERNATIONAL LIMITED |
|
Position |
Manager |
|
Address |
1204 PANCHRATNA MUMBAI |
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Postal Code |
400002 |
|
Country |
India |
NEGATIVE INFORMATION
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Court Data Summary |
|||
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bankruptcy details |
|||
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Court Action Type |
None |
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|
Protested Bills |
|||
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Bill Amount |
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||
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NSSO Details |
|||
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Date of Summons |
// |
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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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||
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Bill Currency |
-- |
||
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Maturity of Bill (month) |
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||
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Name of Drawer |
-- |
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City of Drawer |
-- |
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NSSO Details |
|||
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Business Number |
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||
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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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Labour Court |
-- |
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Bankruptcy Data |
|
There is no bankruptcy data against this company. |
SHARE & SHARE CAPITAL
INFORMATION
Shareholders
|
Holding Company |
|
|
Company Name |
C. MAHENDRA INTERNATIONAL LIMITED |
|
Business Number |
3435184 |
|
Share Percentage |
|
PAYMENT INFORMATION
|
Past Payments |
|
|
Payment Expectation Days |
109.61 |
|
Days Sales Outstanding |
100.11 |
|
Industry Average Payment Expectation Days |
137 |
|
Industry Average Day Sales Outstanding |
124.66 |
|
Payment Expectations |
|
|
Payment Expectation Days |
109.61 |
|
Day Sales Outstanding |
100.11 |
|
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 Expectation Days |
|
|
Payment Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
No subsidiaries for this company. |
FINANCIAL INFORMATION
|
Date of Deposit at Registry |
20/07/2010 |
|
Date of Last Accounts |
31/03/2010 |
|
Turnover |
51,643,120 |
|
Results of Ordinary Operations Before Tax |
172,928 |
|
Networth |
7,515,945 |
Period
|
|
|
Accounts End Date |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
Profit
& Loss
|
Turnover |
51,643,120 |
46.1% |
35,339,846 |
-46.4% |
65,895,773 |
|
|
Total Operating Expenses |
50,930,534 |
46.9% |
34,664,248 |
-47.0% |
65,436,085 |
|
|
Operating Result |
712,586 |
5.5% |
675,598 |
47.0% |
459,688 |
|
|
Total Financial Income |
69 |
-98.9% |
6,369 |
1,066.5% |
546 |
|
|
Total Financial Expenses |
531,971 |
2.0% |
521,589 |
96.8% |
265,077 |
|
|
Results on Ordinary Operations Before Tax |
180,685 |
12.7% |
160,378 |
-17.8% |
195,157 |
|
|
Taxation |
7,757 |
942.6% |
744 |
-97.5% |
29,867 |
|
|
Results on Ordinary Operations After Tax |
172,928 |
8.3% |
159,634 |
-3.4% |
165,290 |
|
|
Extraordinary Items |
-429 |
-155.6% |
771 |
102.6% |
-29,627 |
|
|
Net Result |
172,499 |
7.5% |
160,406 |
18.2% |
135,663 |
|
|
Other Information |
|
|||||
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Dividends |
- |
- |
- |
- |
- |
|
|
Director Remuneration |
- |
- |
- |
- |
- |
|
|
Employee Costs |
58,852 |
-6.6% |
63,037 |
-17.5% |
76,429 |
|
|
- Wages & Salaries |
42,728 |
0.7% |
42,446 |
-22.5% |
54,775 |
|
|
- Social Security Contributions |
10,984 |
-3.8% |
11,420 |
-9.1% |
12,560 |
|
|
- Other Employee Costs |
5,140 |
-44.0% |
9,171 |
0.8% |
9,094 |
|
|
Amortization & Depreciation |
62,449 |
-2.8% |
64,230 |
0.5% |
63,897 |
|
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Balance Sheet |
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|||||
|
Accounts End Date |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
|
Weeks |
52 |
- |
52 |
- |
52 |
|
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
|
Tangible Fixed Assets |
765,381 |
-10.5% |
854,987 |
-6.7% |
916,559 |
|
|
- Land And Buildings |
596,656 |
-3.0% |
615,369 |
-3.0% |
634,083 |
|
|
- Plant And Machinery |
160,430 |
-29.9% |
228,913 |
-15.9% |
272,353 |
|
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- Other Tangible Assets |
8,295 |
-22.5% |
10,705 |
5.7% |
10,123 |
|
|
Financial Fixed Assets |
20,760 |
83.9% |
11,291 |
15.7% |
9,756 |
|
|
Total Fixed Assets |
786,141 |
-9.3% |
866,278 |
-6.5% |
926,315 |
|
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Inventories |
|
|||||
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- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
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- Work in Progress |
0 |
- |
0 |
- |
0 |
|
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
|
- Other Stocks |
14,203,150 |
38.5% |
10,256,270 |
68.1% |
6,100,361 |
|
|
Trade Debtors |
14,164,884 |
-47.0% |
26,736,098 |
112.7% |
12,566,945 |
|
|
Cash |
3,518,023 |
6,903.3% |
50,234 |
-35.7% |
78,115 |
|
|
- Miscellaneous Current Assets |
38,596 |
1,052.8% |
3,348 |
-49.9% |
6,687 |
|
|
Total Current Assets |
32,293,780 |
-13.4% |
37,271,057 |
97.5% |
18,872,995 |
|
|
|
|
|||||
|
- Trade Creditors |
15,294,380 |
-29.2% |
21,591,084 |
321.6% |
5,120,659 |
|
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
|
- Other Short Term Loans |
7,712,213 |
15.9% |
6,651,649 |
29.3% |
5,143,801 |
|
|
- Miscellaneous Current Liabilities |
1,930,786 |
3.0% |
1,874,664 |
18.8% |
1,577,824 |
|
|
Total Current Liabilities |
24,937,379 |
-17.2% |
30,117,397 |
154.3% |
11,842,284 |
|
|
|
|
|||||
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
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- Other Long Term Loans |
625,160 |
-7.5% |
676,032 |
-6.6% |
723,943 |
|
|
- Other Long Term Liabilities |
1,436 |
212.2% |
460 |
-99.1% |
50,043 |
|
|
Total Long Term Debts |
626,596 |
-7.4% |
676,492 |
-12.6% |
773,986 |
|
|
|
|
|||||
|
- Issued Share Capital |
4,100,000 |
0.0% |
4,100,000 |
0.0% |
4,100,000 |
|
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
|
- Reserves |
3,415,945 |
5.3% |
3,243,447 |
5.2% |
3,083,041 |
|
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
|
Total Shareholders Equity |
7,515,945 |
2.3% |
7,343,447 |
2.2% |
7,183,041 |
|
|
|
|
|||||
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Working Capital |
7,356,401 |
2.8% |
7,153,660 |
1.7% |
7,030,711 |
|
|
Net Worth |
7,515,945 |
2.3% |
7,343,447 |
2.2% |
7,183,041 |
|
|
Ratio Analysis |
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Trading Performance |
|
|||||
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Pre-tax Profit Margin |
0.35 |
-22.2% |
0.45 |
50.0% |
0.30 |
|
|
Return On Capital Employed |
2.22 |
11.0% |
2.00 |
-18.4% |
2.45 |
|
|
Return On Total Assets Employed |
0.55 |
31.0% |
0.42 |
-57.6% |
0.99 |
|
|
Return On Net Assets Employed |
2.46 |
9.8% |
2.24 |
-19.4% |
2.78 |
|
|
Sales / Net Working Capital |
7.02 |
42.1% |
4.94 |
-47.3% |
9.37 |
|
|
Operating Efficiency |
|
|
||||
|
Stock Turnover Ratio |
27.50 |
-5.2% |
29.02 |
213.4% |
9.26 |
|
|
Debtor Days |
100.11 |
-63.7% |
276.14 |
296.7% |
69.61 |
|
|
Creditor Days |
109.61 |
-51.8% |
227.35 |
696.0% |
28.56 |
|
|
Short Term Stability |
|
|
||||
|
Current Ratio |
1.29 |
4.0% |
1.24 |
-22.0% |
1.59 |
|
|
Liquidity Ratio / Acid Ratio |
0.73 |
-18.9% |
0.90 |
-16.7% |
1.08 |
|
|
Current Debt Ratio |
3.32 |
-19.0% |
4.10 |
148.5% |
1.65 |
|
|
Long Term Stability |
|
|
||||
|
Gearing |
110.93 |
11.2% |
99.79 |
22.2% |
81.69 |
|
|
Equity In Percentage |
0.23 |
21.1% |
0.19 |
-47.2% |
0.36 |
|
|
Total Debt Ratio |
1.11 |
11.0% |
1.00 |
22.0% |
0.82 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Latest Branch Details |
||
|
Street |
HOVENIERSSTRAAT |
|
|
House Number |
40 |
|
|
City |
ANTWERPEN |
|
|
Postal Code |
2018 |
|
|
Trade Registered Number |
0 |
|
|
Trade Registered Entry Date |
01/03/2004 |
|
|
|
||
|
Contractor Details |
||
|
Registration Number |
-- |
|
|
Contractor Description |
-- |
|
|
Striking Off Date |
// |
|
|
Latest Event |
|
|
Serial Number |
168024 |
|
Event Description |
Extension of goal |
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Limit (€) |
140,177 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
|
UK Pound |
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
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.