MIRA
INFORM REPORT
|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SMETS DIAMANT |
|
|
|
|
Registered Office : |
Paashoekstraat 48, Nijlen, 2560 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.05.2011 |
|
|
|
|
Date of Incorporation : |
1987 |
|
|
|
|
Com. Reg. No.: |
432849236 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Wholesale of other intermediate products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 (31.03.2012) |
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 |
Company name and address
|
Smets Diamant |
|
|
|
||||||||||||||||
|
Employees: |
NA |
|
Company Type: |
Private Independent |
|
|
|
|
Incorporation Date: |
1987 |
|
Fiscal Year End: |
31-May-2011 |
|
Reporting Currency: |
Euro |
|
Annual Sales: |
0.0 1 |
|
Total Assets: |
4.9 |
Business Description
|
Wholesale of other intermediate products |
Industry
|
Industry |
Retail
(Department and Discount) |
|
ANZSIC 2006: |
373 - Furniture,
Floor Covering and Other Goods Wholesaling |
|
NACE 2002: |
5156 - Wholesale
of other intermediate products |
|
NAICS 2002: |
4239 -
Miscellaneous Durable Goods Merchant Wholesalers |
|
UK SIC 2003: |
5156 - Wholesale
of other intermediate products |
|
UK SIC 2007: |
4676 - Wholesale
of other intermediate products |
|
US SIC 1987: |
509 -
Miscellaneous Durable Goods |
Key Executives
|
Registered No.(VAT)
432849236
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7447848
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6956038
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Executives Report
|
Annual
Profit & Loss
|
|
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.744785 |
0.712864 |
0.725204 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Depreciation of and Other Amounts Written Off
of Formation Expense, Intangible and Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
|
Increase or Decrease in Amounts Written Off
Stocks, Orders, and Trade Debtors |
- |
0.0 |
- |
|
Other Operating Charges |
0.0 |
0.0 |
0.0 |
|
Financial Income |
0.3 |
0.1 |
0.0 |
|
Financial Charges |
0.1 |
0.5 |
0.3 |
|
Extraordinary Income |
- |
0.0 |
0.0 |
|
Income Taxes |
- |
0.0 |
0.0 |
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.695604 |
0.814963 |
0.706489 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Plant, Machinery, and
Equipment |
0.0 |
- |
0.0 |
|
Furniture and Vehicles |
0.0 |
0.0 |
- |
|
Tangible Assets |
0.0 |
0.0 |
0.0 |
|
Capital Assets |
0.0 |
0.0 |
0.0 |
|
Fixed Assets |
0.0 |
0.0 |
0.0 |
|
Stocks |
3.5 |
3.0 |
2.1 |
|
Inventory and Orders in Progress |
3.5 |
3.0 |
2.1 |
|
Trade Debtors |
1.3 |
1.6 |
0.9 |
|
Other Amounts
Receivable |
0.0 |
0.0 |
0.0 |
|
Amounts Receivable Within One Year |
1.3 |
1.6 |
0.9 |
|
Liquid Assets |
0.1 |
0.3 |
0.0 |
|
Adjustment Accounts |
0.0 |
0.0 |
0.0 |
|
Current Assets |
4.9 |
4.9 |
3.1 |
|
Total Assets |
4.9 |
4.9 |
3.1 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
|
Capital |
0.0 |
0.0 |
0.0 |
|
Legal Reserve |
0.0 |
0.0 |
0.0 |
|
Untaxed Reserves |
0.4 |
0.3 |
0.4 |
|
Reserves Available for
Distribution |
0.3 |
0.3 |
0.3 |
|
Reserves |
0.7 |
0.6 |
0.7 |
|
Capital and Reserves |
0.4 |
0.3 |
0.2 |
|
Current Portion of
Amounts Payable After More Than One Year |
0.4 |
0.4 |
0.5 |
|
Credit Institutions |
0.4 |
0.4 |
0.2 |
|
Financial Debts |
0.4 |
0.4 |
0.2 |
|
Suppliers |
2.5 |
2.6 |
1.3 |
|
Trade Debts |
2.5 |
2.6 |
1.3 |
|
Advances Received on
Orders in Progress |
0.1 |
0.3 |
0.1 |
|
Taxes |
0.0 |
0.0 |
- |
|
Remuneration and
Social Security |
- |
0.0 |
- |
|
Taxes, Wages, and
Social Security |
0.0 |
0.0 |
- |
|
Other Amounts Payable |
1.1 |
0.9 |
0.8 |
|
Amounts Payable Within One Year |
4.6 |
4.6 |
2.9 |
|
Adjustment Accounts |
0.0 |
0.0 |
- |
|
Creditors |
4.6 |
4.6 |
2.9 |
|
Total Liabilities + Shareholders' Equity |
4.9 |
4.9 |
3.1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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.