MIRA
INFORM REPORT
|
Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
STEELINVEST BVBA |
|
|
|
|
Registered Office : |
Kattendijkdok-Westkaai 51-B.2000 Antwerp |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.10.2001 |
|
|
|
|
Com. Reg. No.: |
475849633 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
06 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 1.8%, the unemployment rate
decreased slightly to 7.2% 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 and
3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%, the third
consecutive quarter of negative growth. This brought economic growth for the
whole of 2012 to negative 0.2%. It also left Belgium on the brink of a possible
recession at the end of 2012. However, at year's end, the government appeared
close to meeting its 2012 budget deficit goal of 3% of GDP. Despite the
relative improvement in Belgium's budget deficit, public debt hovers around
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 retail arm of a Franco-Belgian bank
Source
: CIA
REGISTERED NAME & COMPANY
SUMMARY
|
Business number |
475849633 |
|
Company name |
STEELINVEST BVBA |
|
Address |
KATTENDIJKDOK-WESTKAAI 51-B. |
|
|
2000 ANTWERP |
|
Number of staff |
6 |
|
Date of establishment |
05/10/2001 |
|
Telephone number |
033301700 |
|
Fax number |
33301709 |
DIRECTORS/MANAGEMENT
Current director details
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
01/12/2004 |
|
Date of birth |
27/10/2004 |
|
Street |
57 WOUWERSDREEF SCHOTEN |
|
Post code |
2900 |
|
Country |
Belgium |
Former director details
|
Name |
|
|
Position |
Commissioner |
|
Start Date |
20/09/2010 |
|
End Date |
31/12/2011 |
|
Date of birth |
01/01/2002 |
|
Street |
91 VRIJHEIDSTRAAT BOOM |
|
Post code |
2850 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Start Date |
05/10/2001 |
|
End Date |
01/12/2004 |
|
Date of birth |
21/01/1963 |
|
Street |
57 WOUWERSDREEF SCHOTEN |
|
Post code |
2900 |
|
Country |
Belgium |
NEGATIVE INFORMATION
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
|
Business number |
475849633 |
Company name |
STEELINVEST BVBA |
|
Fax number |
33301709 |
Date founded |
05/10/2001 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2012 |
|
Activity code |
46720 |
liable for VAT |
yes |
|
Activity description |
Wholesale of metals and metal ores |
VAT Number |
BE.0475.849.633 |
|
Belgian Bullettin of Acts Publications |
|
|
NSSO details
|
Business number |
475849633 |
|
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 |
SHARE & SHARE CAPITAL
INFORMATION
Minority Shareholders
|
No minority shareholders found |
Minority Interests
|
Business number |
Company name |
|
% |
Date of accounts |
|
|
25 |
- |
PAYMENT INFORMATION
|
Past payments |
|
Payment expectation days |
9.66 |
|
Industry average payment expectation days |
47.26 |
Industry average day sales outstanding |
68.88 |
|
Day sales outstanding |
56.41 |
||
Payment Information Summary
|
Total number of Invoices available |
1 |
|
Total number of Invoices paid within or up to 30 days after the due date |
1 |
|
Total number of Invoices paid more than 30 days after the due date |
0 |
|
Total number of Invoices currently outstanding where the due date has not yet been reached |
0 |
|
Total number of Invoices currently outstanding beyond the due date |
0 |
Payment expectations
|
Payment expectation days |
9.66 |
|
Day sales outstanding |
56.41 |
Industry comparison
|
Activity code |
46720 |
|
Activity description |
Wholesale of metals and metal ores |
|
Industry average payment expectation days |
47.26 |
|
Industry average day sales outstanding |
68.88 |
Industry quartile analysis
|
Payment expectations |
|
|
Company result |
9.66 |
|
Lower |
82.27 |
|
Median |
60.30 |
|
Upper |
34.43 |
|
Day sales outstanding |
|
|
Company result |
56.41 |
|
Lower |
59.87 |
|
Median |
35.23 |
|
Upper |
17.80 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Company name |
|
Company Number |
View linked companies from outside this company's group structure |
|
|
|
Summary
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
Click the company to view / order a report. |
||||
|
Company name |
|
Number |
Latest |
|
|
|
869869274 |
31-12-2012 |
|
|
|
- - STEELINVEST BVBA |
|
475849633 |
31-12-2012 |
|
|
- - - STEEL IG MEXICO |
|
|
|
|
FINANCIAL INFORMATION
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
53,458,551 |
53,936 |
1,746,086 |
1,121,630 |
|
31/12/2011 |
64,091,853 |
131,097 |
1,711,046 |
1,085,365 |
|
31/12/2010 |
44,928,510 |
77,036 |
1,621,734 |
1,004,334 |
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2012 |
22,083,489 |
6 |
50,000 |
161,370 |
|
31/12/2011 |
13,984,409 |
5 |
50,000 |
226,017 |
|
31/12/2010 |
16,847,339 |
4 |
50,000 |
155,837 |
Profit & loss
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Turnover |
53,458,551 |
-16.59 |
64,091,853 |
42.65 |
44,928,510 |
42,131,022 |
26.89 |
|
|
Total operating expenses |
52,717,484 |
-16.24 |
62,935,687 |
42.61 |
44,131,876 |
41,711,321 |
26.39 |
|
|
741,067 |
-35.90 |
1,156,167 |
45.13 |
796,634 |
185,805 |
298 |
|
|
|
99,519 |
164 |
37,604 |
361 |
8,150 |
118,960 |
-16.34 |
|
|
|
786,649 |
-25.97 |
1,062,674 |
46.02 |
727,748 |
156,532 |
402 |
|
|
|
53,936 |
-58.86 |
131,097 |
70.18 |
77,036 |
143,067 |
-62.30 |
|
|
|
26,511 |
-41.58 |
45,378 |
92.71 |
23,548 |
74,115 |
-64.23 |
|
|
|
27,425 |
-68.01 |
85,718 |
60.26 |
53,488 |
86,055 |
-68.13 |
|
|
|
5,989 |
204 |
1,967 |
- |
0 |
372 |
1509 |
|
|
|
0.00 |
- |
0.00 |
0.00 |
-1 |
- |
- |
|
|
|
33,414 |
-61.89 |
87,685 |
63.94 |
53,487 |
86,710 |
-61.46 |
|
|
|
other information |
|||||||
|
|
- |
- |
- |
- |
- |
344,188 |
- |
|
|
|
- |
- |
- |
- |
- |
171,146 |
- |
|
|
|
693,607 |
8.74 |
637,876 |
35.41 |
471,056 |
964,061 |
-28.05 |
|
|
|
522,238 |
10.25 |
473,689 |
38.25 |
342,621 |
681,379 |
-23.36 |
|
|
|
- |
- |
- |
- |
- |
36,863 |
- |
|
|
|
122,104 |
2.12 |
119,569 |
35.17 |
88,456 |
229,269 |
-46.74 |
|
|
|
49,266 |
10.42 |
44,618 |
11.60 |
39,979 |
39,895 |
23.49 |
|
|
|
127,956 |
-7.50 |
138,332 |
35.16 |
102,350 |
121,598 |
5.23 |
|
Balance sheet
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
2,947 |
- |
4,574 |
- |
6,200 |
10,585 |
-72.16 |
|
|
|
1,286,474 |
-6.99 |
1,383,096 |
-3.94 |
1,439,783 |
646,940 |
98.86 |
|
|
|
1,187,299 |
-5.06 |
1,250,592 |
-5.95 |
1,329,734 |
621,808 |
90.94 |
|
|
|
- |
- |
- |
- |
- |
308,869 |
- |
|
|
|
99,175 |
-25.15 |
132,505 |
55.03 |
85,469 |
46,029 16,460 |
115 |
|
|
|
- |
- |
- |
- |
17,690 |
314,255 47,362 |
- |
|
|
|
0 |
- |
0 |
-100 |
6,890 |
22,554 |
-100 |
|
|
|
62,116 |
99 |
31,088 |
1.97 |
30,488 |
409,783 |
-84.84 |
|
|
|
1,351,538 |
-4.74 |
1,418,758 |
-3.91 |
1,476,471 |
874,208 |
54.60 |
|
|
|
10,592,969 |
73.25 |
6,114,305 |
13.51 |
5,386,713 |
2,020,087 |
424 |
|
|
|
- |
- |
- |
- |
- |
2,738,640 |
- |
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
117,497 |
-100 |
|
|
10,592,969 |
73.25 |
6,114,305 |
13.51 |
5,386,713 |
872,227 |
1114 |
|
|
|
0 |
- |
0 |
- |
0 |
173,815 |
-100 |
|
|
|
8,261,658 |
39.73 |
5,912,658 |
-37.84 |
9,511,865 |
1,377,477 |
499 |
|
|
|
Cash |
828,743 |
179 |
296,246 |
0.29 |
295,386 |
408,978 |
102 |
|
|
1,039,442 |
338 |
236,965 |
46.01 |
162,295 |
481,198 |
116 |
|
|
|
9,139 |
66.86 |
5,477 |
-62.51 |
14,609 |
83,339 |
-89.03 |
|
|
|
20,731,951 |
64.99 |
12,565,652 |
-18.25 |
15,370,868 |
3,613,707 |
473 |
|
|
|
22,083,489 |
57.92 |
13,984,409 |
-16.99 |
16,847,339 |
4,439,247 891,147 |
397 |
|
|
|
current liabilities |
|||||||
|
|
1,394,745 |
0.05 |
1,394,033 |
3.13 |
1,351,732 |
952,912 |
46.37 |
|
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
|
17,954,341 |
83.10 |
9,805,649 |
-22.95 |
12,726,922 |
1,880,440 190,082 |
854 |
|
|
|
64,368 |
0 |
64,368 |
-7.47 |
69,566 |
79,041 28,442 |
-18.56 |
|
|
|
146,610 |
-9.73 |
162,420 |
35.10 |
120,224 |
31,012 - |
-8.54 |
|
|
|
50,256 |
-6.62 |
53,817 |
-45.13 |
98,090 |
-86.98 |
- - |
|
|
|
19,610,321 |
70.82 |
11,480,287 |
-20.09 |
14,366,534 |
2,246,967 |
772 |
|
|
|
Long term debts and liabilities |
|||||||
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
|
Other long term loans |
724,135 |
-8.16 |
788,503 |
-7.55 |
852,871 |
-4.79 |
- - |
|
|
Deffered taxes |
- |
- |
- |
- |
- |
79,765 15,334 |
- |
|
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
60,043 0 |
-100 |
|
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
19,827 |
-100 |
|
|
724,135 |
-8.16 |
788,503 |
-7.55 |
852,871 |
443,892 |
63.13 |
|
|
|
shareholders equity |
|||||||
|
|
50,000 |
0 |
50,000 |
0 |
50,000 |
516,146 |
-90.31 |
|
|
|
- |
- |
- |
- |
- |
282,209 |
- |
|
|
|
1,699,033 |
2.01 |
1,665,619 |
5.56 |
1,577,934 |
1,187,739 |
43.05 |
|
|
|
- |
- |
- |
- |
- |
485,395 |
- |
|
|
|
Total shareholders equity |
1,749,033 |
1.95 |
1,715,619 |
5.39 |
1,627,934 |
1,732,866 |
0.93 |
|
|
1,121,630 |
3.34 |
1,085,365 |
8.07 |
1,004,334 |
1,366,740 |
-17.93 |
|
|
|
161,370 |
-28.60 |
226,017 |
45.03 |
155,837 |
190,876 |
-15.46 |
|
|
|
1,746,086 |
2.05 |
1,711,046 |
5.51 |
1,621,734 |
1,722,281 |
1.38 |
|
Ratio analysis
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average |
% |
|
|
Trading performance |
|||||||
|
|
Profit Before Tax |
0.10 |
-50.0 |
0.20 |
17.65 |
0.17 |
1,00 |
-90.00 |
|
|
2.18 |
-58.40 |
5.24 |
68.49 |
3.11 |
-9,00 |
24.22 |
|
|
|
0.24 |
-74.47 |
0.94 |
104 |
0.46 |
-6,00 |
4.00 |
|
|
|
3.08 |
-59.69 |
7.64 |
61.52 |
4.73 |
-19,00 |
16.21 |
|
|
|
47.66 |
-19.29 |
59.05 |
32.01 |
44.73 |
16,00 |
-99 |
|
|
|
19.82 |
107 |
9.54 |
-20.43 |
11.99 |
18,00 |
10.11 |
|
|
|
56.41 |
67.54 |
33.67 |
-56.43 |
77.27 |
107,00 |
-47.28 |
|
|
|
9.66 |
19.55 |
8.08 |
-27.73 |
11.18 |
56,00 |
-82.75 |
|
|
|
short term stability |
|||||||
|
|
1.06 |
-2.75 |
1.09 |
1.87 |
1.07 |
14,00 |
-64.67 |
|
|
|
0.52 |
-7.14 |
0.56 |
-18.84 |
0.69 |
13,00 |
-96.00 |
|
|
|
11.21 |
67.56 |
6.69 |
-24.24 |
8.83 |
3,00 |
273 |
|
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
|
long term stability |
|||||||
|
|
1071.61 |
72.49 |
621.26 |
-25.90 |
838.45 |
330,00 |
224 |
|
|
|
7.92 |
-35.45 |
12.27 |
26.89 |
9.67 |
-3,00 |
264 |
|
|
|
11.63 |
62.66 |
7.15 |
-23.53 |
9.35 |
4,00 |
190 |
|
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Social Balance Sheet
Details
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
Full-time Employees |
6 |
|
Part-time Employees |
1 |
|
Total Fte Employees |
6 |
|
|
|
|
Number of hours worked |
|
|
Full-time Employees |
9,371 |
|
Part-time Employees |
1,135 |
|
Total |
10,506 |
|
|
|
|
Personnel Charges |
|
|
Full-time Employees |
618,674 |
|
Part-time Employees |
74,933 |
|
Total |
693,607 |
|
Benefits In Addition To Wages |
- |
|
|
|
|
During the previous reporting year |
|
|
Average number employees in Fte |
6 |
|
Actual working hours |
9,388 |
|
Personnel Charges |
637,876 |
|
Benefits In Addition To Wages |
- |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
6 |
1 |
7 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding Substitution |
- |
- |
- |
|
Gender and Education Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
1 |
- |
1 |
|
Secondairy education |
2 |
- |
2 |
|
Higher education (non university) |
1 |
- |
1 |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
1 |
2 |
|
Higher education (non university) |
1 |
- |
1 |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
6 |
1 |
7 |
|
Blue collar worker |
- |
- |
- |
|
Other |
- |
- |
- |
|
Temporary personnel |
Total |
|
Average number of temporary staff |
- |
|
Actual working hours |
- |
|
Cost of temporary staff |
- |
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
2 |
- |
2 |
|
Leavers |
1 |
- |
1 |
|
Total of formal continuing vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of less formal and informal continuing vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of initial training initiatives at the expense of the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
Personnel (NSSO classification)
|
Code |
- |
|
Description |
FROM 5 TO 9 EMPLOYEES |
Joint Industrial Committee (JIC)
|
JIC Code |
226 |
|
Description |
JC employees international trade, transport & related activities |
|
category |
|
Significant Events
|
Event Date |
11/07/2010 |
|
Event Description |
proposal to change address filed |
|
Event Details |
|
NOTES & COMMENTS
Commentary
|
The business was established over 12 years ago. |
|
|
The business has 5 employees. |
|
|
The business is part of a group. |
|
|
The business has been at the address for over 3 years. |
|
|
The credit rating for this business has increased from 81 to 83. |
|
|
The credit limit for this business has increased from €750000 to €770000. |
|
|
Operating Result in the latest trading period decreased 35% on the previous trading period. |
|
|
A 57% growth in Total Assets occurred during the latest trading period. |
|
|
Pre-tax profits decreased by 58% compared to the previous trading period. |
|
|
The business saw an increase in their Cash Balance of 179% during the latest trading period. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.18 |
|
UK Pound |
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.83.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.