MIRA INFORM REPORT
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Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
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Name : |
NEOCERAM |
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Registered Office : |
Route du Grand Peuplier 1,
Strepy-Bracquegnies, 7110 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
1985 |
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Com. Reg. No.: |
427323602 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of ceramic tiles and flags |
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No. of Employees : |
64 |
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
Company Name and Address
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Neoceram |
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Business Description
Manufacture of ceramic tiles and flags
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
327120 -
Clay Building Material and Refractories Manufacturing |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
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Roberto Grosso |
Chairman/Managing Director |
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Letizia Grosso |
Administrator |
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Olivia Grosso |
Administrator |
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Michel Jean-Marie Lemaire |
Administrator |
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Jacques Lenoir |
Representative/Auditor |
News
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Title |
Date |
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Patent
Issued for Electro-Optical Display Device and Projector |
20-Mar-2013 |
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Patent
Issued for Electro-Optical Display Device and Projector |
13-Mar-2013 |
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INTERPHEX
2013 preview: explore manufacturing innovations, topics, and trends |
1-Mar-2013 |
Registered No.(VAT)
427323602
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7566
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ANZSIC 2006 Codes: |
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2029 |
- |
Other Ceramic Product Manufacturing |
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ISIC Rev 4 Codes: |
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2392 |
- |
Manufacture of clay building materials |
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2393 |
- |
Manufacture of other porcelain and ceramic products |
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NACE Rev 2 Codes: |
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2331 |
- |
Manufacture of ceramic tiles and flags |
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2349 |
- |
Manufacture of other ceramic products |
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2342 |
- |
Manufacture of ceramic sanitary fixtures |
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NAICS 2012 Codes: |
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327120 |
- |
Clay Building Material and Refractories Manufacturing |
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327110 |
- |
Pottery, Ceramics, and Plumbing Fixture Manufacturing |
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US SIC 1987: |
||
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3253 |
- |
Ceramic Wall and Floor Tile |
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3261 |
- |
Vitreous China Plumbing Fixtures and China and Earthenware Fittings
and Bathroom Accessories |
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3269 |
- |
Pottery Products, Not Elsewhere Classified |
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UK SIC 2007: |
||
|
2331 |
- |
Manufacture of ceramic tiles and flags |
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2349 |
- |
Manufacture of other ceramic products |
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2342 |
- |
Manufacture of
ceramic sanitary fixtures |
Manufacture of ceramic tiles and flags
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Executives Report
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Board
of Directors |
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Chairman/Managing Director |
Chairman |
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Executives |
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Chairman/Managing Director |
Managing Director |
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Administrator |
Administration Executive |
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Administrator |
Administration Executive |
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Administrator |
Administration Executive |
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Representative/Auditor |
Accounting Executive |
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Annual Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Turnover |
8.4 |
10.1 |
10.2 |
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Remuneration,
Social Security Charges, and Pensions |
3.2 |
3.2 |
2.7 |
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Depreciation of
and Other Amounts Written Off of Formation Expense, Intangible and Tangible
Fixed Assets |
0.8 |
0.7 |
0.6 |
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Increase or
Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors |
- |
- |
0.0 |
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Provisions for
Liabilities and Charges |
0.0 |
0.0 |
0.0 |
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Other Operating
Charges |
0.1 |
0.1 |
0.1 |
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Financial Income |
0.3 |
0.2 |
0.2 |
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Financial Charges |
0.2 |
0.2 |
0.2 |
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Extraordinary
Income |
0.0 |
- |
0.0 |
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Extraordinary
Charges |
0.1 |
0.1 |
- |
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Employees |
64 |
53 |
55 |
Annual Balance Sheet
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Financials in:
USD (mil) |
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Intangible
Assets |
0.8 |
0.1 |
0.1 |
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Land
& Buildings |
2.2 |
1.6 |
1.2 |
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Plant,
Machinery, and Equipment |
2.2 |
1.7 |
2.0 |
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Furniture
and Vehicles |
0.1 |
0.2 |
0.1 |
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Tangible
Assets |
4.5 |
3.5 |
3.3 |
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Capital
Assets |
0.3 |
0.7 |
0.6 |
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Fixed Assets |
5.7 |
4.3 |
4.0 |
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Trade
Debtors |
0.1 |
0.1 |
0.1 |
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Amounts
Receivable After More Than One Year |
0.1 |
0.1 |
0.1 |
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Stocks |
3.0 |
2.4 |
1.8 |
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Inventory
and Orders in Progress |
3.0 |
2.4 |
1.8 |
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Trade
Debtors |
1.7 |
2.4 |
3.3 |
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Other
Amounts Receivable |
0.2 |
0.2 |
0.3 |
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Amounts
Receivable Within One Year |
1.9 |
2.6 |
3.5 |
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Liquid
Assets |
0.1 |
0.4 |
0.3 |
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Adjustment
Accounts |
0.1 |
0.1 |
0.0 |
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Current Assets |
5.3 |
5.6 |
5.8 |
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Total Assets |
11.0 |
9.8 |
9.8 |
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Issued
Capital |
3.3 |
3.2 |
3.4 |
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Capital
|
3.3 |
3.2 |
3.4 |
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Gain
From Revaluation of Assets |
0.7 |
0.6 |
0.7 |
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Legal
Reserve |
0.0 |
0.0 |
0.0 |
|
Reserves |
0.0 |
0.0 |
0.0 |
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Provisions
for Liabilities and Charges |
0.1 |
0.0 |
0.1 |
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Provisions
and Deferred Taxes |
0.1 |
0.0 |
0.1 |
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Capital and
Reserves |
4.0 |
3.3 |
3.5 |
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Financial
Debts |
1.5 |
1.6 |
1.0 |
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Amounts
Due After More Than One Year |
1.5 |
1.6 |
1.0 |
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Current
Portion of Amounts Payable After More Than One Year |
0.5 |
0.6 |
0.4 |
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Credit
Institutions |
2.5 |
2.0 |
2.2 |
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Financial
Debts |
2.5 |
2.0 |
2.2 |
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Suppliers |
2.0 |
1.9 |
2.4 |
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Trade
Debts |
2.0 |
1.9 |
2.4 |
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Remuneration
and Social Security |
0.3 |
0.3 |
0.3 |
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Taxes,
Wages, and Social Security |
0.3 |
0.3 |
0.3 |
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Other
Amounts Payable |
0.1 |
0.1 |
0.0 |
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Amounts
Payable Within One Year |
5.5 |
4.8 |
5.3 |
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Adjustment
Accounts |
0.0 |
0.0 |
0.0 |
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Creditors |
7.0 |
6.5 |
6.3 |
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Total
Liabilities + Shareholders' Equity |
11.0 |
9.8 |
9.8 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
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 |
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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.