MIRA INFORM REPORT

 

 

Report Date :

04.12.2014

 

IDENTIFICATION DETAILS

 

Name :

APOLLO TRADING BVBA

 

 

Registered Office :

Hoveniersstraat 53-Bus 123, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

14.10.2013

 

 

Com. Reg. No.:

540956429

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of diamonds and other precious stones

 

 

No of Employees :

Not Available

 

[We tried to confirm the number of employees but no one is ready to part any information from the company management.]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

--

 

Status :

New company

Payment Behaviour :

Unknown

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Belgium

A1

A2

 

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 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. 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 summary

 

Business number         540956429

Company name           APOLLO TRADING BVBA

Address                        HOVENIERSSTRAAT 53-BUS 123

2018 ANTWERPEN

Date of establishment 14/10/2013

 

 

Commentary

 

No employees are recorded for this business.                               Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

The business has been at the address for over 13 months.            Description: http://app.creditsafeuk.com/CSUKlive/Images/arrow_nochange.gif

 

 

Payment expectations

 

Industry average payment expectation days 124.35

Industry average day sales outstanding          141.72

 

 

Company information

 

Business number                     540956429

Company name                       APOLLO TRADING BVBA

Fax number Date founded       14/10/2013

Company status                       active

Company type                                     Private Limited Company (BL/LX)

Currency                                  Euro (€)

Date of latest accounts            --

Liable for VAT                                     yes

Activity code                            46761

Activity description                  Wholesaler of diamonds and other precious stones

VAT Number                            BE.0540.956.429

Belgian Bullettin of Acts

Publications                             moniteur belge

 

 

Annual accounts

 

there is no data for this company

 

Industry comparison

 

Activity code                            46761

Activity description                  Wholesaler of diamonds and other precious stones

Industry average payment

expectation days                     124.35

Industry average day sales

Outstanding                             141.72

 

Industry quartile analysis

 

Payment expectations

Company result           -

Lower                          122.66

Median                        76.39

Upper                           46.98

 

Day sales outstanding

Company result           -

Lower                          102.84

Median                        54.50

Upper                           24.07

 

 

Group Structure

 

No group structure for this company.

 

 

Minority Shareholders

 

No minority shareholders found

 

 

Minority Interests

 

No minority interests found

 

Individual Shareholders

 

SHAREHOLDER NAME

Forename                    Miten

Surname                      Shah

 

SHAREHOLDER DETAILS

Start date                     22/10/2014(estimated)

 

SHAREHOLDER ADDRESS

Street name                 Mezenlaan

House number             4

Minor town                  Wilrijk

Postal town                  Antwerpen

Post code                     2610

Country                        Belgium

 

 

Summons

 

there is no data for this company

 

Protested Bills

 

there is no data for this company

 

Bankruptcy and other legal events

 

there is no data for this company

 

           

Director details

 

Current director details

Name                           MITEN SHAH

Position                       Principal Manager

Start Date                    14/10/2013

Street                           4 MEZENLAAN ANTWERPEN

Post code                     2610

Country                        Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.89

UK Pound

1

Rs.96.83

Euro

1

Rs.76.57

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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