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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
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Name : |
GEMINI CORPORATION NV |
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Registered Office : |
Waterwilgweg 6, Antwerpen 2050 |
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Country : |
Belgium |
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Financials (as on) : |
2012 |
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Date of Incorporation : |
22.09.1989 |
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Com. Reg. No.: |
438488597 |
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Legal Form : |
Public Limited Liability Company |
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Line of Business : |
Wholesaler of waste and scrap |
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No. of Employees : |
17 (2012) |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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 |
Company Name GEMINI
CORPORATION NV
Company Registration Number 438488597
Country BE
Activity Code 46779
Activity Description Wholesale
of waste and scrap, n.e.c.
Company Status Active
Latest Turnover 116,766,749.00
(EUR)
Latest Shareholders Equity 6,187,404.00
(EUR)
Profit Before Tax 1,319,141.00 (EUR)
Activities
Activity Code 46779
Activity Description Wholesale
of waste and scrap, n.e.c.
Basic Information
Company Name GEMINI
CORPORATION NV
Registered Company Name GEMINI
CORPORATION NV
Company Registration Number 438488597
Country BE
VAT Registration Number BE.0438.488.597
Date of Company Registration 22/09/1989
Date of Starting Operations 22/09/1989
Legal Form Public
Limited Liability Company (BE)
Company Status Active
Principal Activity Code 46779
Principal Activity Description Wholesale of waste and scrap, n.e.c.
Contact Address WATERWILGWEG
6
ANTWERPEN
2050
Contact Telephone Number 03/2540414
Address WATERWILGWEG
6 ANTWERPEN 2050
Country BE
Telephone 03/2540414
O
Address 74
HANEGRAEFSTRAAT, ANTWERPEN 2000
Country
BE
Name SHASHI
PRAKASH BHANSALI
Address 5
ESMOREITLAAN ANTWERPEN
Position Director
Date Appointed 15/04/2007
Name VED
PRAKASH LATA
Address 8
WALTER VAESSTRAAT ANTWERPEN
Position Director
Date Appointed 01/04/2010
Name KUMAR SURANA
RAKESH
Address 3
EDMOND DE COUSSEMAKERSTRAAT ANTWERPEN
Position Principal
Manager
Date Appointed 31/07/2013
Name SURENDRA
KUMAR BORAD
Address 3
ESMOREITLAAN ANTWERPEN
Position Chairman
of the Board
Date Appointed 30/03/2009
Name RAM
KRISHAN PRAJAPATI
Address 75 JAN
BAPTIST TASSYNSSTR. ZWIJNDRECHT
Position Director
Date Appointed 15/04/2007
Issued Share capital 829,000.00
(EUR)
Name Surendra Borad
Year 2012
Number of Employees 17
A
Profit & loss
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 116,766,749.00 110,029,053.00
88,280,195.00
Operating Costs 114,970,858.00 108,454,209.00
86,843,187.00
Operating Profit 1,795,891.00 1,574,845.00 1,437,008.00
Wages & Salaries
763,818.00 742,434.00 813,884.00
Pension Costs 0.00 0.00 0.00
Depreciation 128,245.00 151,198.00 161,311.00
Financial Income 106,962.00 141,814.00 184,547.00
Financial Expenses 583,712.00 453,806.00 733,436.00
Profit Before Tax 1,319,141.00 1,262,853.00 888,119.00
Tax 440,515.00 420,093.00 280,279.00
Profit After Tax 878,626.00 842,760.00 607,840.00
Dividends 0.00 0.00 0.00
Other Appropriations 0.00 0.00 0.00
Retained Profit 857,778.00 842,760.00 607,840.00
Balance sheet
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings
1,227,243.00 1,299,126.00 1,046,241.00
Plant & Machinery
0.00 0.00 0.00
Other Tangible Assets 108,189.00 174,032.00 365,181.00
Total Tangible Assets 1,335,432.00 1,473,159.00 1,411,422.00
Other Intangible Assets 0.00 0.00 0.00
Total Intangible Assets 0.00 0.00 0.00
Miscellaneous
Fixed Assets 2,678.00 2,678.00
3,258.00
Total Other Fixed Assets 2,678.00 2,678.00
3,258.00
Total Fixed Assets 1,338,111.00 1,475,837.00 1,414,680.00
Raw Materials 0.00 0.00 0.00
Work in Progress 0.00 0.00 0.00
Finished Goods 1,603,978.00 2,899,671.00 1,876,936.00
Other Inventories 0.00 0.00 0.00
Total Inventories 1,603,978.00 2,899,671.00 1,876,936.00
Trade Receivables 7,926,854.00 7,593,362.00 2,701,592.00
Miscellaneous
Receivables 43,139.00 222,665.00 191,403.00
Total Receivables 7,969,993.00 7,816,028.00 2,892,995.00
Cash 7,303.00 14,311.00
7,726.00
Other Current Assets 456,620.00 880,398.00 540,388.00
Total Current Assets 10,037,893.00 11,610,408.00 5,318,045.00
Total Assets 11,376,004.00 13,086,245.00 6,732,725.00
Trade Payables 2,142,217.00 4,155,404.00 1,699,449.00
Other Loans/Finance
1,772,893.00 2,780,087.00 134,555.00
Miscellaneous Liabilities 1,091,507.00 601,194.00 411,855.00
Total Current Liabilities 5,006,617.00 7,536,685.00 2,245,859.00
Other Loans/Finance
due after 1 161,135.00 219,935.00 0.00
Miscellaneous Liabilities due
after 1 year 20,848.00
0.00 0.00
Total Long Term Liabilities 181,983.00 219,935.00 0.00
Total Liabilities 5,188,600.00 7,756,619.00 2,245,859.00
Called Up Share Capital 829,000.00 829,000.00 829,000.00
Share Premium 0.00 0.00 0.00
Revenue Reserves 4,907,201.00 4,049,423.00 3,206,663.00
Other Reserves 451,203.00 451,203.00 451,203.00
Total Shareholders
Equity 6,187,404.00 5,329,626.00 4,486,866.00
Other financials
Working Capital 5,031,276.00 4,073,723.00 3,072,186.00
Net Worth 6,187,404.00 5,329,626.00 4,486,866.00
Ratios
Pre-Tax Profit Margin 1.13 1.15 1.01
Return on Capital Employed 20.71 22.76
19.79
Return on Total Assets
Employed 11.60
9.65 13.19
Return on Net Assets
Employed 21.32 23.69
19.79
Sales/Net Working Capital 23.21 27.01
28.74
Stock Turnover Ratio 1.37 2.64 2.13
Debtor Days 24.78 25.19
11.17
Creditor Days 6.80 13.98
7.14
Current Ratio 2.00 1.54 2.37
Liquidity Ratio/Acid Test 1.68 1.16 1.53
Current Debt Ratio 0.81 1.41 0.50
Gearing 31.26 56.29
3.00
Equity in Percentage 54.39 40.73
66.64
Total Debt Ratio 0.84 1.46 0.50
Jic Code 1
Description JC
employees international trade, transport & related activities
Significant Events
Event Date 25/02/2013
Event Description re-appointment of director(s)
Event
Details Commentaar 25-02-2013: Herbenoemd
als bestuurders voor een periode
van zes jaar : Prakash Bhansali, Surana Rakesh, Prajapati Ram en Prakash Lata. Herbenoemd als voorzitter voor eem periode
van zes jaar : Kumar Borad.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
UK Pound |
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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.