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Report Date : |
22.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ANEESH |
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Registered Office : |
Hoveniersstraat 53 B.24 Antwerpen, 2018 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1988 |
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Com. Reg. No.: |
436205535 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of other intermediate products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Belgium |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Aneesh |
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Wholesale of other intermediate products
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4669 - Wholesale of waste and scrap and other products n.e.c. |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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Registered No.(VAT): 436205535
1 - Profit & Loss Item
Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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Annual Profit &
Loss |
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Financials in: USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Turnover |
28.3 |
17.4 |
16.3 |
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Other Operating Income |
0.0 |
0.0 |
0.0 |
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Operating Income |
28.3 |
17.4 |
16.3 |
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Purchases |
27.0 |
17.7 |
16.6 |
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Increase or Decrease in Stocks |
0.9 |
-0.5 |
-0.6 |
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Raw Materials, Consumables, and Goods for Release |
27.8 |
17.2 |
16.1 |
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Services and Sundry Goods |
0.2 |
0.1 |
0.1 |
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Remuneration, Social Security Charges, and Pensions |
0.0 |
- |
0.0 |
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Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
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Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors |
0.2 |
- |
- |
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Other Operating Charges |
0.0 |
0.0 |
0.0 |
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Operating Charges |
28.3 |
17.3 |
16.2 |
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Other Financial Income |
0.0 |
0.0 |
0.0 |
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Financial Income |
0.0 |
0.0 |
0.0 |
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Interest and Other Debt Charges |
0.1 |
0.0 |
0.0 |
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Other Financial Charges |
0.1 |
0.0 |
0.0 |
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Financial Charges |
0.1 |
0.0 |
0.0 |
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Other Extraordinary Income |
0.0 |
0.0 |
- |
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Extraordinary Income |
0.0 |
0.0 |
- |
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Income Taxes |
0.0 |
0.0 |
0.0 |
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Income Taxes |
0.0 |
0.0 |
0.0 |
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To the Legal Reserve |
- |
0.0 |
0.0 |
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To Other Reserves |
- |
0.0 |
0.0 |
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Transfers to Capital and Reserves |
- |
0.0 |
0.0 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Land & Buildings |
0.1 |
0.1 |
0.2 |
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Plant, Machinery, and Equipment |
0.0 |
0.0 |
0.0 |
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Furniture and Vehicles |
- |
0.0 |
0.0 |
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Tangible Assets |
0.1 |
0.2 |
0.2 |
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Fixed Assets |
0.1 |
0.2 |
0.2 |
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Goods Purchased for Resale |
0.6 |
1.5 |
1.0 |
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Stocks |
0.6 |
1.5 |
1.0 |
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Inventory and Orders in Progress |
0.6 |
1.5 |
1.0 |
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Trade Debtors |
7.8 |
4.9 |
5.3 |
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Other Amounts Receivable |
0.2 |
0.1 |
0.1 |
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Amounts Receivable Within One Year |
8.0 |
5.0 |
5.3 |
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Liquid Assets |
0.0 |
0.0 |
1.0 |
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Adjustment Accounts |
0.0 |
0.0 |
0.0 |
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Current Assets |
8.6 |
6.5 |
7.4 |
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Total Assets |
8.8 |
6.7 |
7.6 |
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Issued Capital |
1.0 |
1.0 |
1.1 |
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Capital |
1.0 |
1.0 |
1.1 |
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Legal Reserve |
0.0 |
0.0 |
0.0 |
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Reserves Available for Distribution |
0.3 |
0.3 |
0.3 |
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Reserves |
0.3 |
0.3 |
0.3 |
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Capital and Reserves |
1.2 |
1.4 |
1.4 |
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Credit Institutions |
- |
0.0 |
0.0 |
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Financial Debts |
- |
0.0 |
0.0 |
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Other Amounts Payable |
1.0 |
1.0 |
1.0 |
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Amounts Due After More Than One Year |
1.0 |
1.0 |
1.0 |
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Current Portion of Amounts Payable After More Than One Year |
0.0 |
0.0 |
0.0 |
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Credit Institutions |
0.4 |
0.4 |
0.0 |
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Financial Debts |
0.4 |
0.4 |
0.0 |
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Suppliers |
6.1 |
3.8 |
5.0 |
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Trade Debts |
6.1 |
3.8 |
5.0 |
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Taxes |
0.0 |
0.0 |
0.0 |
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Taxes, Wages, and Social Security |
0.0 |
0.0 |
0.0 |
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Amounts Payable Within One Year |
6.6 |
4.3 |
5.1 |
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Adjustment Accounts |
0.0 |
0.0 |
0.0 |
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Creditors |
7.6 |
5.3 |
6.1 |
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Total Liabilities + Shareholders' Equity |
8.8 |
6.7 |
7.6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
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|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.