MIRA
INFORM REPORT
|
Report Date : |
12.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DEJOND |
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|
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Registered Office : |
Terbekehofdreef 55-59, Wilrijk, 2610 |
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Country : |
Belgium |
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Financials (as on) : |
30.09.2010 |
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Year of Establishment : |
1936 |
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Com. Reg. No.: |
404943722 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other fabricated metal products not elsewhere
classified |
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No. of Employees : |
88 |
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 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Dejond
Terbekehofdreef 55-59, Wilrijk, 2610, Belgium
Tel: 03 820 34 11
Fax: 03 820 35 11
|
Employees: 88
Company Type: Private
Subsidiary Corporate Family: 2
Companies Ultimate Parent: H4Eda
Incorporation Date:
1936 |
Financials USD (mil)
|
Fiscal Year End: 30-Sep-2010
Reporting Currency: Euro
Annual Sales: 33.6
Total Assets: 22.6 |
Business Description
Manufacture of other fabricated metal products not elsewhere
classified
Industry
Industry Miscellaneous Fabricated
Products
ANZSIC 2006: 2299 - Other Fabricated Metal Product
Manufacturing Not Elsewhere Classified
NACE 2002: 2875 - Manufacture of other
fabricated metal products not elsewhere classified
NAICS 2002: 332999 - All Other Miscellaneous
Fabricated Metal Product Manufacturing
UK SIC 2003: 2875 - Manufacture of other
fabricated metal products not elsewhere classified
US SIC 1987: 3499 - Fabricated Metal Products,
Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Karel Gastmans |
Director of Finance |
|
Roland De Winter |
V.P. of Sales |
|
Ives Gustave Joseph Cornelius Dekeyser |
Administrator |
|
Jan Andre Rachel Vercauteren |
Representative/Auditor |
|
Stephaan Boeynaems |
Decision-maker |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7402546
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7324934
|
Location
Tel: 03 820
34 11 Fax: 03 820
35 11 |
|
Sales EUR(mil): 24.9 Assets EUR(mil): 16.6 Employees: 88 Fiscal Year End: 30-Sep-2010
|
|
Incorporation Date: 1936 Company Type: Private Subsidiary Quoted Status: Not Quoted Registered No.(VAT): 404943722
|
IANZSIC 2006 Codes:
2292 - Nut,
Bolt, Screw and Rivet Manufacturing
3322 - Metal
and Mineral Wholesaling
2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified
NACE 2002 Codes:
2875 - Manufacture
of other fabricated metal products not elsewhere classified
2874 - Manufacture
of fasteners, screw machine products, chains and springs
5152 - Wholesale
of metals and ores
NAICS 2002 Codes:
33272 - Turned
Product and Screw, Nut, and Bolt Manufacturing
423520 - Coal
and Other Mineral and Ore Merchant Wholesalers
332999 - All
Other Miscellaneous Fabricated Metal Product Manufacturing
US SIC 1987:
505 - Metals
and Minerals, Except Petroleum
345 - Screw
Machine Products, and Bolts, Nuts, Screws, Rivets, and Washers
3499 - Fabricated
Metal Products, Not Elsewhere Classified
UK SIC 2003:
2875 - Manufacture
of other fabricated metal products not elsewhere classified
5152 - Wholesale
of metals and ores
2874 - Manufacture
of fasteners, screw machine products, chains and springs
Manufacture of other fabricated metal products not elsewhere classified
|
Financials in: EUR(mil)
Revenue: 24.9 Assets: 16.6 Current Assets: 13.3 Fixed Assets: 3.3 Total
Liabilities: 16.6 Issued Capital: 0.4 Net Worth: 0.4
Date of
Financial Data: 30-Sep-2010 |
-64.6% NA |
Corporate
Family
Total Corporate Family Members: 2
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
H4Eda |
Parent |
|
|
|
|
|
|
Subsidiary |
Wilrijk |
Belgium |
Miscellaneous Fabricated Products |
33.6 |
88 |
Executives Report
Executives
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V.P. of Sales |
Administration Executive |
|||
|
Administrator |
Administration Executive |
|||
|
Administrator |
Administration Executive |
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|
Administrator |
Administration Executive |
|||
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Administrator |
Administration Executive |
|||
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Director of Finance |
Finance Executive |
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Representative/Auditor |
Accounting Executive |
|||
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Decision-maker |
Other |
Annual Profit & Loss
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.740255 |
0.73971 |
0.666382 |
|
Consolidated |
No |
No |
No |
|
|
|
|
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|
Turnover |
33.6 |
31.2 |
97.7 |
|
Increase or Decrease in Stocks of
Finished Goods, and Orders in Progress |
0.7 |
-0.6 |
-0.3 |
|
Other Operating Income |
0.1 |
0.3 |
0.2 |
|
Operating Income |
34.4 |
30.9 |
97.6 |
|
Purchases |
22.9 |
18.5 |
69.4 |
|
Increase
or Decrease in Stocks |
-1.1 |
4.0 |
-1.6 |
|
Raw Materials, Consumables, and
Goods for Release |
21.8 |
22.5 |
67.8 |
|
Services and Sundry Goods |
5.1 |
3.6 |
12.6 |
|
Remuneration, Social Security
Charges, and Pensions |
4.8 |
5.4 |
12.1 |
|
Depreciation of and Other Amounts
Written Off of Formation Expense, Intangible and Tangible Fixed Assets |
0.5 |
0.7 |
1.3 |
|
Increase or Decrease in Amounts Written
Off Stocks, Orders, and Trade Debtors |
0.0 |
-2.1 |
3.3 |
|
Provisions for Liabilities and
Charges |
0.0 |
- |
-0.3 |
|
Other Operating Charges |
0.1 |
0.4 |
0.3 |
|
Operating Charges |
32.3 |
30.6 |
97.2 |
|
Income From Current Assets |
0.0 |
0.0 |
0.0 |
|
Other Financial Income |
0.3 |
0.3 |
0.8 |
|
Financial Income |
0.3 |
0.3 |
0.8 |
|
Interest and Other Debt Charges |
0.2 |
0.4 |
1.6 |
|
Other Financial Charges |
0.5 |
0.2 |
0.6 |
|
Financial Charges |
0.7 |
0.6 |
2.2 |
|
Gain on Disposal of Fixed Assets |
0.9 |
0.1 |
0.9 |
|
Extraordinary Income |
0.9 |
0.1 |
0.9 |
|
Other Extraordinary Charges |
0.0 |
0.0 |
0.0 |
|
Extraordinary Charges |
0.0 |
0.0 |
0.0 |
|
Transfer from Differed Taxes |
0.0 |
- |
- |
|
Transfer to Differed Taxes |
0.3 |
- |
- |
|
Income Taxes |
0.7 |
0.0 |
0.0 |
|
Income Taxes |
0.7 |
0.0 |
0.0 |
|
Transfer from Untaxed Reserves |
0.0 |
- |
- |
|
Transfer to Untaxed Reserves |
0.7 |
- |
- |
|
Employees |
88 |
92 |
105 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.732493 |
0.684135 |
0.711921 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Intangible Assets |
0.1 |
0.0 |
0.0 |
|
Land &
Buildings |
1.0 |
1.1 |
1.1 |
|
Plant,
Machinery, and Equipment |
0.4 |
0.5 |
0.7 |
|
Furniture
and Vehicles |
0.1 |
0.2 |
0.3 |
|
Leasing
and Other Similar Rights |
2.8 |
3.2 |
3.3 |
|
Tangible Assets |
4.3 |
5.1 |
5.4 |
|
Amounts
Receivable and Cash Guarantees |
0.1 |
0.1 |
0.1 |
|
Other
Capital Assets |
0.1 |
0.1 |
0.1 |
|
Capital Assets |
0.1 |
0.1 |
0.1 |
|
Fixed Assets |
4.5 |
5.2 |
5.6 |
|
Raw
Materials and Consumables |
0.3 |
0.3 |
0.5 |
|
Work in
Progress |
0.5 |
0.2 |
0.5 |
|
Finished
Goods |
4.0 |
3.8 |
4.7 |
|
Goods
Purchased for Resale |
5.5 |
4.7 |
5.5 |
|
Stocks |
10.3 |
9.0 |
11.2 |
|
Inventory and Orders in
Progress |
10.3 |
9.0 |
11.2 |
|
Trade
Debtors |
6.6 |
5.7 |
8.8 |
|
Other
Amounts Receivable |
0.0 |
0.0 |
0.9 |
|
Amounts Receivable Within One
Year |
6.6 |
5.7 |
9.7 |
|
Liquid Assets |
1.2 |
0.8 |
0.3 |
|
Adjustment Accounts |
0.0 |
- |
0.1 |
|
Current Assets |
18.1 |
15.5 |
21.2 |
|
Total Assets |
22.6 |
20.7 |
26.8 |
|
Issued
Capital |
0.6 |
0.7 |
0.6 |
|
Capital |
0.6 |
0.7 |
0.6 |
|
Legal
Reserve |
0.1 |
0.1 |
0.1 |
|
Other |
0.0 |
0.0 |
0.0 |
|
Reserves
Not Available for Distribution |
0.0 |
0.0 |
0.0 |
|
Untaxed
Reserves |
0.8 |
0.2 |
0.2 |
|
Reserves |
0.9 |
0.3 |
0.3 |
|
Pensions
and Similar Obligations |
0.0 |
0.1 |
0.0 |
|
Provisions
for Liabilities and Charges |
0.0 |
0.1 |
0.0 |
|
Deferred
Taxation |
0.3 |
- |
- |
|
Provisions and Deferred Taxes |
0.3 |
0.1 |
0.0 |
|
Capital and Reserves |
9.2 |
8.1 |
7.7 |
|
Leasing
and Other Similar Obligations |
1.6 |
2.2 |
2.5 |
|
Credit
Institutions |
- |
0.5 |
1.5 |
|
Financial
Debts |
1.6 |
2.7 |
4.0 |
|
Amounts Due After More Than One
Year |
1.6 |
2.7 |
4.0 |
|
Current
Portion of Amounts Payable After More Than One Year |
0.9 |
1.5 |
2.5 |
|
Credit
Institutions |
5.9 |
3.2 |
6.0 |
|
Financial
Debts |
5.9 |
3.2 |
6.0 |
|
Suppliers |
2.8 |
3.0 |
4.0 |
|
Trade
Debts |
2.8 |
3.0 |
4.0 |
|
Taxes |
1.1 |
0.2 |
0.5 |
|
Remuneration
and Social Security |
0.8 |
0.9 |
0.9 |
|
Taxes,
Wages, and Social Security |
1.9 |
1.1 |
1.4 |
|
Amounts Payable Within One Year |
11.4 |
8.8 |
13.9 |
|
Adjustment Accounts |
0.0 |
1.1 |
1.2 |
|
Creditors |
13.1 |
12.5 |
19.1 |
|
Total Liabilities + Shareholders' Equity |
22.6 |
20.7 |
26.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.82 |
|
|
1 |
Rs.79.42 |
|
Euro |
1 |
Rs.65.90 |
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.