MIRA INFORM REPORT

 

 

Report Date :

25.10.2013

 

IDENTIFICATION DETAILS

 

Name :

SHREE DIMON

 

 

Registered Office :

Pelikaanstraat 62 Antwerpen, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

2003

 

 

Com. Reg. No.:

860762954

 

 

Legal Form :

Private Independent

 

 

Line of Business :

 

 

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 – 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

Company name and address

Top of Form

Shree Dimon

                                                                                                                                               

 

Pelikaanstraat 62

 

 

Antwerpen, 2018

Belgium

 

 

Tel:

03 232 68 93

 

 

 

Employees:

NA

Company Type:

Private Independent

 

 

Incorporation Date:

2003

Financials in:

USD (mil) 

Fiscal Year End:

31-Dec-2011

Reporting Currency:

Euro

Annual Sales:

0.0  1

Total Assets:

1.9

                                      

Business Description       

 

Wholesale of other intermediate products

    

Industry                                             

 

Industry

Miscellaneous Wholesale

ANZSIC 2006:

373 - Furniture, Floor Covering and Other Goods Wholesaling

ISIC Rev 4:

4669 - Wholesale of waste and scrap and other products n.e.c.

NACE Rev 2:

4676 - Wholesale of other intermediate products

NAICS 2012:

4239 - Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2007:

4676 - Wholesale of other intermediate products

US SIC 1987:

509 - Miscellaneous Durable Goods

                      

Key Executives            

   

 

Name

Title

Shashikant Popatlal Devani

Manager, Partner

Rajkumar Nitin Mehta

Partner

Manan Devani

Manager

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327

 

 

Corporate Overview

 

Location
Pelikaanstraat 62
Antwerpen, 2018
Belgium

 

Tel:

03 232 68 93

 

Suggest Company URL

 

Sales EUR(mil):

0.0

Assets EUR(mil):

1.5

Employees:

NA

Fiscal Year End:

31-Dec-2011

 

Industry:

Retail (Department and Discount)

Incorporation Date:

2003

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(VAT):

860762954

 

Partner:

Rajkumar Nitin Mehta

 

 

Industry Codes

 

ANZSIC 2006 Codes:

373

-

Furniture, Floor Covering and Other Goods Wholesaling

 

ISIC Rev 4 Codes:

4669

-

Wholesale of waste and scrap and other products n.e.c.

 

NACE Rev 2 Codes:

4676

-

Wholesale of other intermediate products

 

NAICS 2012 Codes:

4239

-

Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

509

-

Miscellaneous Durable Goods

 

UK SIC 2007:

4676

-

Wholesale of other intermediate products

 

Business Description

Wholesale of other intermediate products

 

 

 

 

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

0.0

Assets:

1.5

Current Assets:

1.4

 

Fixed Assets:

0.0

 

Total Liabilities:

1.5

 

Issued Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

NA

 

 

 

 

 

executives Report

 

Executives

 

Name

Title

Function

Shashikant Popatlal Devani

 

Manager, Partner

Partner

Rajkumar Nitin Mehta

 

Partner

Partner

Manan Devani

 

Manager

Other

 

 

Annual Profit & Loss

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.71919

0.755078

0.719047

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

0.0

0.0

0.0

Financial Charges

0.0

0.0

0.0

Extraordinary Income

0.0

-

-

Income Taxes

0.0

0.0

0.0

        To Other Reserves

0.0

0.0

0.0

    Transfers to Capital and Reserves

0.0

0.0

0.0

 



 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.696986

Consolidated

No

No

No

 

 

 

 

        Plant, Machinery, and Equipment

-

0.0

0.0

        Furniture and Vehicles

0.1

0.0

0.0

    Tangible Assets

0.1

0.0

0.0

    Capital Assets

0.0

0.0

0.0

Fixed Assets

0.1

0.0

0.0

        Stocks

0.3

0.3

0.6

    Inventory and Orders in Progress

0.3

0.3

0.6

        Trade Debtors

0.7

1.6

0.6

        Other Amounts Receivable

0.1

0.1

0.1

    Amounts Receivable Within One Year

0.8

1.6

0.7

    Liquid Assets

0.8

0.1

0.1

    Adjustment Accounts

0.0

0.0

0.0

Current Assets

1.9

2.0

1.5

Total Assets

1.9

2.0

1.5

        Issued Capital

0.0

0.0

0.0

    Capital

0.0

0.0

0.0

        Legal Reserve

0.0

0.0

0.0

        Reserves Available for Distribution

0.1

0.1

0.1

    Reserves

0.1

0.1

0.1

Capital and Reserves

0.1

0.1

0.1

        Financial Debts

0.0

-

-

    Amounts Due After More Than One Year

0.0

-

-

        Current Portion of Amounts Payable After More Than One Year

0.0

-

0.0

        Credit Institutions

0.0

-

-

        Financial Debts

0.0

-

-

        Suppliers

1.1

1.2

0.7

        Trade Debts

1.1

1.2

0.7

        Taxes

0.0

0.0

0.0

        Remuneration and Social Security

-

0.0

0.0

        Taxes, Wages, and Social Security

0.0

0.0

0.0

        Other Amounts Payable

0.7

0.7

0.6

    Amounts Payable Within One Year

1.8

1.9

1.4

    Adjustment Accounts

0.0

0.0

0.0

Creditors

1.8

1.9

1.4

Total Liabilities + Shareholders' Equity

1.9

2.0

1.5

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.53

UK Pound

1

Rs.99.75

Euro

1

Rs.84.75

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.