|
Report Date : |
03.01.2013 |
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 |
|
Maximum Credit Limit: |
EUR 22.750.000 |
|
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 status |
active |
Todays purchase limit |
312.000.000 |
||
|
Todays rating [0-100] |
100 |
|
|
|
|
|
Todays limit |
22.750.000 |
|
|
||
|
Rating description |
very good credit
worthiness |
|
|
||
|
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.54.39 |
|
|
1 |
Rs.88.76 |
|
Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.