|
Report Date : |
11.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE NV |
|
|
Registered Office : |
Hoveniersstraat 53 Bus 127 Antwerpen 2018 |
|
|
|
|
|
|
Country : |
Belgium |
|
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
|
|
Date of Incorporation : |
15.10.1973 |
|
|
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
|
|
No. of Employees : |
26 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic
location, highly developed transport network, and diversified industrial and commercial
base. Industry is concentrated mainly in the more heavily-populated region of
Flanders in the north. With few natural resources, Belgium imports substantial
quantities of raw materials and exports a large volume of manufactures, making
its economy vulnerable to volatility in world markets. Roughly three-quarters
of Belgium's trade is with other EU countries, and Belgium has benefited most
from its proximity to Germany. In 2011 Belgian GDP grew by 2.0%, the
unemployment rate decreased slightly to 7.7% from 8.3% the previous year, and
the government reduced the budget deficit from a peak of 6% of GDP in 2009 to
4.2% in 2011. Despite the relative improvement in Belgium's budget deficit,
public debt hovers near 100% of GDP, a factor that has contributed to investor
perceptions that the country is increasingly vulnerable to spillover from the
euro-zone crisis. Belgian banks were severely affected by the international
financial crisis in 2008 with three major banks receiving capital injections
from the government, and the nationalization of the Belgian arm of a
Franco-Belgian bank. An ageing population and rising social expenditures are
mid- to long-term challenges to public finances.
Source : CIA
Business number 413178230
Company name ROSY BLUE NV
Telephone number 032061600
Address HOVENIERSSTRAAT 53
BUS 127
ANTWERPEN
Fax number 032061601
Post code 2018
Number of staff 26
Date of
establishment 15/10/1973
|
Company
name |
|
Company
Number |
|
Rosy
Blue Enterprises S.A. |
|
B96232 |
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
|
31/12/2011 |
1,625,598,969 |
-3,775,408 |
21,416,659 |
|
31/12/2010 |
1,191,260,897 |
-3,261,713 |
20,440,777 |
|
31/12/2009 |
866,329,592 |
-3,330,713 |
18,287,755 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
INVESTMENTS |
CAPITAL |
CASH
FLOW |
NUMBER
OF EMPLOYEES |
|
31/12/2011 |
302,422,069 |
392,368 |
22,618,900 |
24,751,036 |
26 |
|
31/12/2010 |
229,355,658 |
407,320 |
21,901,908 |
5,200,175 |
26 |
|
31/12/2009 |
238,704,987 |
453,615 |
20,315,746 |
22,477,051 |
27 |
Payment expectations
Past payments Payment expectation days 6.73
Industry average
payment 178.38 Industry average day sales 119.22
expectation days outstanding
Day sales outstanding 14.37
BANKRUPTCY DETAILS
Court action type no
Business number 413178230 Company
name ROSY BLUE NV
Fax number 032061601 Date
founded 15/10/1973
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2011
Activity code 46761
liable for VAT
yes
Activity description Wholesale of
diamonds and other precious stones
VAT Number BE.0413.178.230
Belgian Bullettin
of Acts moniteur belge
Publications
|
Contractor details |
|
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
|
Personnel limit NSSO |
|
|
Code |
- |
|
Description |
FROM 20 TO 49 EMPLOYEES |
|
Joint
Industrial Committee (JIC) Significant Events |
|
|
Event Date |
15/05/2010 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 15-05-2010: Herbenoeming bestuurders voor de duur
van 6 jaar: Dilip Mehta, Amit Bhansali en Rajesh Mehta. |
|
|
|
|
Event Date |
02/01/2007 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 02-01-2007: Herbenoemig: Rajkumar Mehta als
bestuurder |
|
|
|
|
Event Date |
01/01/2009 |
|
Event Description |
|
|
Event Details |
Het mandaat van Dilip Mehta als bestuurder zal niet meer
bezoldigd zijn vanaf 01/01/2009. |
Profit and loss
|
Annual
accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average 2011 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
1,625,598,969 |
36.46 |
1,191,260,897 |
37.51 |
866,329,592 |
58,703,071 |
2669 |
|
Total
operating expenses |
1,615,924,691 |
36.63 |
1,182,690,007 |
37.08 |
862,796,453 |
57,894,190 |
2691 |
|
Operating
result |
9,674,278 |
12.87 |
8,570,890 |
142 |
3,533,139 |
296,729 |
3160 |
|
Total
financial income |
2,288,167 |
74.18 |
1,313,651 |
-83.94 |
8,177,743 |
178,510 |
1181 |
|
Total
financial expenses |
15,737,852 |
19.71 |
13,146,254 |
-12.60 |
15,041,595 |
342,855 |
4490 |
|
Results on
ordinary operations before taxation |
-3,775,408 |
-15.75 |
-3,261,713 |
97.93 |
-3,330,713 |
114,306 |
-3402 |
|
Taxation |
- |
- |
-28,593 |
-207 |
26,522 |
39,178 |
- |
|
Results on
ordinary operations after taxation |
-3,775,408 |
-16.77 |
-3,233,120 |
96.30 |
-3,357,235 |
87,780 |
-4400 |
|
Extraordinary
items |
4,136,643 |
6.70 |
3,876,742 |
384 |
800,968 |
7,986 |
51698 |
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
Net result |
361,235 |
-43.87 |
643,622 |
25.18 |
-2,556,267 |
95,668 |
277 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Dividends |
- |
- |
- |
- |
- |
137,001 |
- |
|
Director
remuneration |
- |
- |
- |
- |
217,779 |
128,104 |
- |
|
Employee
costs |
1,347,695 |
5.44 |
1,278,144 |
-14.66 |
1,497,649 |
160,652 |
738 |
|
Wages and
salary |
982,514 |
5.44 |
931,829 |
-15.72 |
1,105,679 |
135,760 |
623 |
|
Employee pension costs |
- |
- |
- |
- |
2,223 |
8,542 |
- |
|
Social security contributions |
312,324 |
9.55 |
285,101 |
-14.97 |
335,309 |
33,607 |
829 |
|
Other employee costs |
52,857 |
-13.65 |
61,214 |
12.45 |
54,438 |
4,602 |
1048 |
|
Amortization
and depreciation |
731,514 |
-6.23 |
780,098 |
-38.48 |
1,268,115 |
21,066 |
3372 |
Balance sheet
|
Annual
accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average 2011 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
96,099 |
- |
40,268 |
- |
113,019 |
2,025 |
4645 |
|
Tangible
fixed assets |
5,951,777 |
-1.27 |
6,028,386 |
-1.67 |
6,130,850 |
203,087 |
2830 |
|
Land & building |
1,788,966 |
1.94 |
1,754,869 |
-7.48 |
1,896,749 |
375,806 |
376 |
|
Plant & machinery |
373,437 |
29.83 |
287,630 |
9.07 |
263,704 |
27,985 |
1234 |
|
Other tangible assets |
3,789,374 |
-4.93 |
3,985,887 |
0.39 |
3,970,397 |
30,618 |
12276 |
|
Financial
fixed assets |
392,368 |
-3.67 |
407,320 |
-10.21 |
453,615 |
317,446 |
23.60 |
|
Total fixed
assets |
6,440,244 |
-0.55 |
6,475,973 |
-3.31 |
6,697,483 |
419,812 |
1434 |
|
Inventories |
- |
- |
- |
- |
- |
3,442,463 |
- |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
3,184,382 |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
2,529 |
-100 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
2,379,510 |
-100 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
474,010 |
-100 |
|
Trade
debtors |
63,987,998 |
-7.51 |
69,185,668 |
-13.76 |
80,220,509 |
4,336,698 |
1375 |
|
Cash |
24,751,036 |
375 |
5,200,175 |
-76.86 |
22,477,051 |
314,146 |
7778 |
|
other
amounts receivable |
187,575,078 |
44.21 |
130,067,391 |
13.00 |
115,106,926 |
416,519 |
44933 |
|
Miscellaneous
current assets |
19,667,713 |
6.74 |
18,426,451 |
29.74 |
14,203,018 |
41,315 |
47504 |
|
Total
current assets |
295,981,825 |
32.80 |
222,879,685 |
-3.93 |
232,007,504 |
7,988,186 |
3605 |
|
CURRENT LIABILITIES |
|||||||
|
Trade
creditors |
29,778,739 |
595 |
4,282,829 |
-74.35 |
16,698,006 |
2,871,353 |
937 |
|
Short term
group loans |
- |
- |
- |
- |
- |
- |
- |
|
Other short
term loans |
122,184,114 |
46.67 |
83,304,773 |
-1.99 |
84,996,631 |
2,413,042 |
4963 |
|
Miscellaneous
current liabilities |
5,528,893 |
42.70 |
3,874,564 |
5.10 |
3,686,573 |
1338 |
-- |
|
Total
current liabilities |
157,491,746 |
72.19 |
91,462,166 |
-13.21 |
105,381,210 |
5,541,776 |
2741 |
|
LONG TERM DEBTS |
|||||||
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
-- |
|
Other long
term loans |
115,297,759 |
8.44 |
106,321,344 |
-1.33 |
107,759,031 |
7383 |
-- |
|
Other long term
liabilities |
8,119,806 |
-26.79 |
11,091,103 |
54.82 |
7,163,972 |
296,362 |
2639 |
|
Total long
term debts |
123,417,565 |
5.11 |
117,412,447 |
2.17 |
114,923,003 |
927,232 |
13210 |
|
SHAREHOLDERS EQUITY |
|||||||
|
Issued
share capital |
22,618,900 |
3.27 |
21,901,908 |
7.81 |
20,315,746 |
1,045,553 |
2063 |
|
Share
premium account |
- |
- |
- |
- |
- |
173,859 |
- |
|
Reserves |
-1,106,142 |
77.85 |
-1,420,863 |
74.20 |
-1,914,972 |
822,367 |
-234 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
759,379 |
- |
|
Total shareholders equity |
21,512,758 |
5.04 |
20,481,045 |
11.31 |
18,400,774 |
1,892,110 |
1036 |
|
Working capital |
138,490,079 |
5.38 |
131,417,519 |
3.78 |
126,626,294 |
2,446,410 |
5560 |
|
Net worth |
21,416,659 |
4.77 |
20,440,777 |
11.77 |
18,287,755 |
1,890,085 |
1033 |
Ration analysis
|
Annual
accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry
average 2011 |
% |
|
TRADING PERFORMANCE |
|||||||
|
Profit
Before Tax |
-0.23 |
85.19 |
-0.27 |
71.05 |
-0.38 |
1,00 |
-123 |
|
Return on
capital employed |
-2.60 |
-9.70 |
-2.37 |
94.80 |
-2.50 |
-21,00 |
12.38 |
|
Return on
total assets employed |
-1.25 |
88.03 |
-1.42 |
-1.43 |
-1.40 |
-34,00 |
3.68 |
|
Return on
net assets employed |
-17.55 |
-10.17 |
-15.93 |
88.01 |
-18.10 |
-29,00 |
60.52 |
|
Sales / net
working capital |
11.74 |
29.58 |
9.06 |
32.46 |
6.84 |
59,00 |
-99 |
|
Stock
turnover ratio |
- |
- |
- |
- |
- |
41,00 |
- |
|
Debtor days |
14.37 |
-32.22 |
21.20 |
-37.28 |
33.80 |
115,00 |
-87.50 |
|
Creditor days |
6.73 |
409 |
1.32 |
-81.30 |
7.06 |
117,00 |
-94.25 |
|
SHORT TERM STABILITY |
|||||||
|
Current
ratio |
1.88 |
-22.95 |
2.44 |
10.91 |
2.20 |
4,00 |
-89.56 |
|
Liquidity
ratio / acid ratio |
1.88 |
-22.95 |
2.44 |
10.91 |
2.20 |
3,00 |
-37.33 |
|
Current
debt ratio |
7.32 |
63.76 |
4.47 |
-21.99 |
5.73 |
18,00 |
-59.33 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
1103.91 |
19.23 |
925.86 |
-11.62 |
1047.54 |
300,00 |
267 |
|
Equity in percentage |
7.12 |
-20.27 |
8.93 |
15.82 |
7.71 |
-1.103,00 |
0.65 |
|
Total debt
ratio |
13.06 |
28.04 |
10.20 |
-14.79 |
11.97 |
20,00 |
-34.70 |
|
Payment
expectations |
|
|
Payment
expectation days |
6.73 |
|
Day
sales outstanding |
14.37 |
|
Industry
comparison |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
|
Industry average
payment expectation days |
178.38 |
|
Industry average
day sales outstanding |
119.22 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
6.73 |
|
Lower |
129.48 |
|
Median |
75.51 |
|
Upper |
41.95 |
|
|
|
|
Day
sales outstanding |
|
|
Company
result |
14.37 |
|
Lower |
109.24 |
|
Median |
57.26 |
|
Upper |
24.94 |
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of
Countries 0
|
Group
Structure |
|
|
|
Company
name |
Number |
Latest financials |
|
-
ROSY BLUE ENTERPRISES S.A. |
B96232 |
31-12-2010 |
|
-
- ROSY BLUE NV |
413178230 |
31-12-2011 |
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of
Countries 0
|
NSSO details |
|
|
Business number |
413178230 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
□ate
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 |
RAJKUMAR
MEHTA |
|
Position |
Director |
|
Date
of birth |
21/01/1971 |
|
Street |
15
AHORNENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
AMIT
BHANUCHANDRA BHANSALI |
|
Position |
Director |
|
Date
of birth |
09/12/1962 |
|
Street |
11
BERKENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
AMIT
BHANUCHANDRA BHANSALI |
|
Position |
Managing
Director |
|
Date
of birth |
09/12/1962 |
|
Street |
11
BERKENLAAN ANTWERPEN |
|
Post
code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJESH
MEHTA |
|
Position |
Director |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.04 |
|
|
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.68.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.