|
Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
BOBINAS BVBA |
|
|
|
|
Registered Office : |
Leemdreef 6 Wuustwezel 2990 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
03.07.2008 |
|
|
|
|
Com. Reg. No.: |
899117348 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of metals and metal ores |
|
|
|
|
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 |
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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 |
|
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 BOBINAS BVBA
Company Registration Number 899117348
Country BE
Activity Code 46720
Activity Description Wholesale of
metals and metal ores
Company Status Active
Latest Turnover 0.00 (EUR)
Latest Shareholders Equity 142,263.00 (EUR)
Profit Before
Tax 83,236.00
(EUR)
Activities
Activity Code 46720
Activity Description Wholesale of
metals and metal ores
Basic Information
Company Name BOBINAS BVBA
Registered Company Name BOBINAS BVBA
Company Registration Number 899117348
Country BE
VAT Registration Number BE.0899.117.348
Date of Company Registration 03/07/2008
Date of Starting Operations 03/07/2008
Legal Form Private Limited
Company (BL/LX)
Company Status Active
Principal Activity Code 46720
Principal Activity Description Wholesale of
metals and metal ores
Contact Address LEEMDREEF 6
WUUSTWEZEL 2990
Contact Telephone Number 033/364510
Address LEEMDREEF 6
WUUSTWEZEL 2990
Country
BE
Telephone 033/364510
Name SABINA ANNIE ANDRÉ
BASTIAENSEN
Address 2 PONYDREEF
WUUSTWEZEL
Date of Birth 19/03/1965
Position Principal Manager
Date Appointed 08/07/2008
Name ROBERT KAREL
VOETEN
Address 2 PONYDREEF
WUUSTWEZEL
Date of Birth 05/07/1961
Position Principal Manager
Date Appointed 08/07/2008
Issued Share capital 18,600.00 (EUR)
Year 2012
Number of Employees 0
Profit & Loss
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue N/A N/A N/A
Operating Costs 0.00 0.00 0.00
Operating Profit 177,560.00 173,720.00 188,945.00
Wages & Salaries
0.00 0.00 0.00
Pension Costs 0.00 0.00 0.00
Depreciation 25,569.00 25,593.00
15,841.00
Financial Income 278,232.00 61,213.00
168,461.00
Financial Expenses 372,556.00 149,825.00 283,354.00
Profit Before Tax 83,236.00 85,108.00
74,052.00
Tax 32,747.00 34,426.00
27,658.00
Profit After Tax 50,489.00 50,682.00
46,394.00
Dividends 20,000.00 19,000.00
0.00
Other Appropriations 0.00 0.00 0.00
Retained Profit 30,489.00 31,682.00
46,394.00
Balance Sheet
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings
917,088.00 915,282.00 778,906.00
Plant & Machinery
0.00 0.00 695.00
Other Tangible Assets 18,767.00 24,024.00
0.00
Total Tangible Assets 935,855.00 939,306.00 779,601.00
Other Intangible Assets 0.00 0.00 0.00
Total Intangible Assets 0.00 0.00 0.00
Miscellaneous
Fixed Assets 4,567.00 10,338.00
10,588.00
Total Other Fixed Assets 4,567.00 10,338.00
10,588.00
Total Fixed Assets 940,422.00 949,644.00 790,189.00
Raw Materials 0.00 0.00 0.00
Work in Progress 0.00 0.00 0.00
Finished Goods 0.00 0.00 0.00
Other Inventories 66,733.00 34,253.00
90,163.00
Total Inventories 66,733.00 34,253.00
90,163.00
Trade Receivables 334,301.00 857,971.00 219,715.00
Miscellaneous Receivables19,477.00 10,062.00
26,205.00
Total Receivables 353,778.00 868,033.00 245,920.00
Cash 238,173.00 88,488.00
315,598.00
Other Current Assets 2,707.00 0.00 0.00
Total Current Assets 661,391.00 990,774.00 651,681.00
Total Assets 1,601,813.00 1,940,418.00 1,441,870.00
Trade Payables 178,754.00 437,528.00 140,544.00
Other Loans/Finance
520,435.00 513,712.00 544,544.00
Miscellaneous Liabilities 29,455.00 107,787.00 0.00
Total Current Liabilities 728,644.00 1,059,027.00 685,088.00
Other Loans/
Finance due after 1 year 730,906.00 769,617.00 676,690.00
Miscellaneous
Liabilities due after 1 year 0.00
0.00 0.00
Total Long Term Liabilities 730,906.00 769,617.00 676,690.00
Total Liabilities 1,459,550.00 1,828,644.00 1,361,778.00
Called Up Share Capital 18,600.00 18,600.00
18,600.00
Share Premium 0.00 0.00 0.00
Revenue Reserves 123,663.00 93,174.00
61,492.00
Other Reserves 0.00 0.00 0.00
Total Shareholders
Equity 142,263.00 111,774.00 80,092.00
Other Financials
Working Capital -67,253.00 -68,253.00 -33,407.00
Net Worth 142,263.00 111,774.00 80,092.00
Pre-Tax Profit Margin 0.00 0.00 0.00
Return on Capital
Employed 9.53 9.66 9.79
Return on Total Assets
Employed 5.20 4.39 5.14
Return on Net Assets
Employed 58.51 76.14
92.46
Sales/Net Working Capital 0.00 0.00 0.00
Stock Turnover Ratio 0.00 0.00 0.00
Debtor Days 0.00 0.00 0.00
Creditor Days 0.00 0.00 0.00
Current Ratio 0.91 0.94 0.95
Liquidity Ratio/Acid Test 0.82 0.90 0.82
Current Debt Ratio 5.12 9.47 8.55
Gearing 879.60 1,148.15
1,524.79
Equity in Percentage 8.88 5.76 5.55
Total Debt Ratio 10.26 16.36
17.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
UK Pound |
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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 |
|
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.