|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
K. VIJAY BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat12 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.03.1997 |
|
|
|
|
Com. Reg. No.: |
460205117 |
|
|
|
|
Legal Form : |
Private Limited Company
(BL/LX) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Business number 460205117
Company name K. VIJAY BVBA
Address HOVENIERSSTRAAT
12
2018 ANTWERPEN
Number of staff 0
Date of establishment 06/03/1997
Telephone number 032323248
Fax number 032323248
|
The business was established over
17 years ago. |
|
|
No employees are recorded for this
business. |
|
|
The business has been at the
address for over 4 years. |
|
|
Operating Result in the latest
trading period increased 75% on the previous trading period. |
|
|
A 27% growth in Total Assets
occurred during the latest trading period. |
|
|
The business saw a decrease in
their Cash Balance of 94% during the latest trading period. |
|
|
Turnover in the latest trading
period increased 40% on the previous trading period. |
|
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
54,501,985 |
158,883 |
2,019,739 |
3,147,885 |
|
31/12/2011 |
38,720,113 |
152,067 |
1,896,842 |
2,676,998 |
|
31/12/2010 |
26,999,084 |
141,413 |
1,335,671 |
2,080,435 |
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
13,532,440 |
0 |
1,600,000 |
126,092 |
|
31/12/2011 |
10,622,362 |
0 |
1,600,000 |
116,526 |
|
31/12/2010 |
6,491,677 |
0 |
1,152,970 |
107,716 |
|
Profitability |
|
||
|
Liquidity |
|
||
|
Net worth |
|
||
|
Payment
expectations |
|
|
|
|
Past payments |
|
Payment
expectation days |
26.47 |
|
Industry
average payment |
164.15 |
Industry
average day sales |
119.90 |
|
expectation
days |
|
outstanding |
|
|
Day sales
outstanding |
70.71 |
||
|
Court data
summary |
|||
BANKRUPTCY
DETAILS
|
Court
action type |
no |
|
PROTESTED
BILLS |
|
|
Bill
amount |
- |
|
NSSO
DETAILS |
|
|
Date of
summons |
- |
|
Business
number |
460205117 |
Company
name |
K.
VIJAY BVBA |
|
Fax
number |
032323248 |
Date
founded |
06/03/1997 |
|
Company
status |
active |
Company
type |
Private Limited Company (BL/LX) |
|
Currency |
Euro
(€) |
Date
of latest accounts |
31/12/2012 |
|
Activity
code |
46761 |
liable
for VAT |
yes |
|
Activity
description |
Wholesale of diamonds and other precious
stones |
VAT
Number |
BE.0460.205.117 |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
|
Contractor
details |
|
|
Check Article 30 Bis |
|
Registered contractor number |
- |
|
|
|
Contractor
description |
- |
||
|
Joint Industrial
Committee (JIC) |
|
|
Significant
Events |
|
|
Event Date |
18/06/2012 |
|
Event
Description |
resignation-appointment of
director(s) |
|
Event
Details |
Commentaar 12-03-2012: De
benoeming van Donda Kishor Lavjibai als zaakvoerder werd bevestigd. |
Profit & loss
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
54,501,985 |
40.76 |
38,720,113 |
43.41 |
26,999,084 |
46,537,630 |
17.11 |
|
|
|
Total
operating expenses |
54,020,781 |
40.51 |
38,446,598 |
43.77 |
26,741,278 |
46,145,645 |
17.07 |
|
|
Operating
result |
481,204 |
75.93 |
273,515 |
6.09 |
257,806 |
147,590 |
226 |
|
|
Total
financial income |
23,501 |
78.95 |
111,624 |
281 |
29,241 |
97,743 |
75.96 |
|
Total
financial expenses |
345,823 |
48.38 |
233,072 |
60.04 |
145,634 |
204,361 |
69.22 |
|
|
|
Results
on ordinary operations before taxation |
158,883 |
4.48 |
152,067 |
7.53 |
141,413 |
32,848 |
383 |
|
|
Taxation |
35,986 |
-2.47 |
36,896 |
4.05 |
35,459 |
20,918 |
72.03 |
|
|
Results
on ordinary operations after taxation |
122,897 |
6.71 |
115,171 |
8.70 |
105,954 |
18,016 |
582 |
|
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-4,395 |
0 |
|
|
Other
appropriations |
0.00 |
- |
0 |
- |
0 |
- |
- |
|
|
Net
result |
122,897 |
6.71 |
115,171 |
8.70 |
105,954 |
13,640 |
801 |
|
|
OTHER
INFORMATION |
|||||||
|
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
|
Director
remuneration |
- |
- |
- |
- |
- |
114,302 |
- |
|
|
Employee
costs |
- |
- |
- |
- |
- |
125,948 |
- |
|
|
Wages and salary |
- |
- |
- |
- |
- |
105,678 |
- |
|
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
|
Social security contributions |
- |
- |
- |
- |
- |
26,585 |
- |
|
|
Other employee costs |
0 |
- |
0 |
- |
0 |
4,360 |
-100 |
|
|
Amortization
and depreciation |
3,195 |
135 |
1,355 |
23.10 |
1,762 |
17,895 |
82.15 |
balance sheet
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-122010 |
Industry average 2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,553 |
-100 |
|
|
Tangible
fixed assets |
17,565 |
215 |
5,561 |
11.18 |
5,002 |
185,189 |
90.51 |
|
|
Land & building |
- |
- |
- |
- |
- |
362,988 |
- |
|
|
Plant & machinery |
17,565 |
215 |
5,561 |
11.18 |
5,002 |
22,664 |
22.50 |
|
|
Furniture & Vehicles |
- |
- |
- |
- |
- |
17,327
5,364 |
- |
|
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
7,634 |
-100 |
|
|
Financial
fixed assets |
248 |
-0.04 |
248 |
0 |
248 |
307,703 |
-99 |
|
|
Total
fixed assets |
17,813 |
206 |
5,809 |
10.65 |
5,250 |
396,856 |
95.51 |
|
|
Inventories |
2,945,999 |
88.94 |
1,559,231 |
12.54 |
1,782,862 |
3,093,934 |
-4.78 |
|
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,399 |
-100 |
|
|
Finished goods |
2,945,999 |
88.94 |
1,559,231 |
12.54 |
1,782,862 |
1,982,203 |
48.62 |
|
|
Other stocks |
0 |
- |
0 |
- |
0 |
571,885 |
-100 |
|
|
Trade
debtors |
10,558,551 |
18.24 |
8,930,012 |
326 |
2,091,359 |
4,167,122 |
153 |
|
|
Cash |
6,440 |
94.70 |
121,563 |
1821 |
6,327 |
226,208 |
97.15 |
|
|
other
amounts receivable |
1,990 |
55.30 |
4,453 |
-99 |
2,604,678 |
185,906 |
98.93 |
|
|
Miscellaneous
current assets |
1,646 |
27.17 |
1,294 |
7.74 |
1,201 |
18,028 |
90.87 |
|
|
Total
current assets |
13,514,627 |
27.30 |
10,616,553 |
63.67 |
6,486,427 |
7,215,183 |
87.31 |
|
|
Total
Assets |
13,532,440 |
27.40 |
10,622,362 |
63.63 |
6,491,677 |
7,579,247 1,446,080 |
78.55 |
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
Trade
creditors |
3,916,978 |
3.12 |
3,798,554 |
432 |
713,886 |
3,040,360 |
28.83 |
|
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial
debts |
6,352,383 |
56.37 |
4,062,299 |
12.93 |
3,597,114 |
4,261,350 189,666 |
49.07 |
|
|
Current
portion of long term debt |
- |
- |
- |
- |
- |
110,204
15,373 |
- |
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
24,935 |
41.52 |
42,636 |
113 |
20,000 |
9,709
- |
26.57 |
|
|
Miscellaneous
current liabilities |
72,446 |
100 |
36,066 |
51.91 |
74,992 |
-75.62 |
-
- |
|
|
Total
current liabilities |
10,366,742 |
30.57 |
7,939,555 |
80.20 |
4,405,992 |
5,342,128 |
94.06 |
|
|
LONG
TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-
- |
|
|
Other
long term loans |
1,145,960 |
45.80 |
785,965 |
4.79 |
750,014 |
4.15 |
-
- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,184
0 |
-100 |
|
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
128,672 |
-100 |
|
|
Total
long term debts |
1,145,960 |
45.80 |
785,965 |
4.79 |
750,014 |
559,214 |
104 |
|
|
SHAREHOLDERS
EQUITY |
|||||||
|
|
Issued
share capital |
1,600,000 |
0 |
1,600,000 |
38.77 |
1,152,970 |
943,974 |
69.50 |
|
|
Share
premium account |
2,020 |
0 |
2,020 |
0 |
2,020 |
109,362 |
-98.15 |
|
|
Reserves |
417,719 |
41.69 |
294,822 |
63.17 |
180,681 |
690,619 |
39.52 |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
|
Total
shareholders equity |
2,019,739 |
6.48 |
1,896,842 |
42.01 |
1,335,671 |
1,664,274 |
21.36 |
|
|
Working capital |
3,147,885 |
17.59 |
2,676,998 |
28.67 |
2,080,435 |
1,873,055 |
68.06 |
|
|
Cashflow |
126,092 |
8.21 |
116,526 |
8.18 |
107,716 |
28,425 |
343 |
|
|
Net worth |
2,019,739 |
6.48 |
1,896,842 |
42.01 |
1,335,671 |
1,661,040 |
21.59 |
ratio analysis
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average
2012 |
% |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.29 |
-25.64 |
0.39 |
-25.00 |
0.52 |
-25,00 |
1.16 |
|
|
Return
on capital employed |
5.02 |
-11.46 |
5.67 |
-16.37 |
6.78 |
29,00 |
-82.69 |
|
|
Return
on total assets employed |
1.17 |
-18.18 |
1.43 |
-34.40 |
2.18 |
-201,00 |
0.58 |
|
|
Return
on net assets employed |
7.87 |
-1.87 |
8.02 |
-24.27 |
10.59 |
19,00 |
-58.58 |
|
|
Sales
/ net working capital |
17.31 |
19.71 |
14.46 |
11.40 |
12.98 |
45,00 |
-99 |
|
|
Stock
turnover ratio |
5.41 |
34.24 |
4.03 |
-38.94 |
6.60 |
111,00 |
-95.13 |
|
|
Debtor
days |
70.71 |
-16.00 |
84.18 |
197 |
28.27 |
133,00 |
-46.83 |
|
|
Creditor
days |
26.47 |
-26.59 |
36.06 |
270 |
9.74 |
122,00 |
-78.30 |
|
SHORT
TERM STABILITY |
||||||||
|
|
Current
ratio |
1.30 |
-2.99 |
1.34 |
-8.84 |
1.47 |
7,00 |
-85.56 |
|
|
Liquidity
ratio / acid ratio |
1.02 |
-10.53 |
1.14 |
6.54 |
1.07 |
4,00 |
-74.50 |
|
|
Current
debt ratio |
5.13 |
22.43 |
4.19 |
26.97 |
3.30 |
9,00 |
-43.00 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG
TERM STABILITY |
|||||||
|
|
Gearing |
371.25 |
45.25 |
255.60 |
-21.47 |
325.46 |
360,00 |
3.12 |
|
|
Equity
in percentage |
14.93 |
-16.41 |
17.86 |
-13.22 |
20.58 |
-3.211,00 |
0.46 |
|
|
Total
debt ratio |
5.70 |
23.91 |
4.60 |
19.17 |
3.86 |
10,00 |
-43.00 |
Industry comparison
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other
precious stones |
|
industry average credit rating |
64.48 |
|
Industry
average credit limit |
140177.31 |
Suspension of payments / moratorium history
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment
expectation days |
26.47 |
|
Day sales
outstanding |
70.71 |
|
Industry
comparison |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other
precious stones |
|
Industry
average payment expectation days |
164.15 |
|
Industry average day sales
outstanding |
119.90 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
26.47 |
|
Lower |
134.34 |
|
Median |
84.60 |
|
Upper |
45.29 |
|
Day
sales outstanding |
|
|
Company
result |
70.71 |
|
Lower |
112.48 |
|
Median |
58.56 |
|
Upper |
28.09 |
Group Structure
group structure for this company.
Minority Shareholders
No minority shareholders found
|
SHAREHOLDER
NAME |
|||
|
Forename |
Dhansukhbhai |
Middle
name |
- |
|
Surname |
Donda |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start date |
06/03/1997 |
End date |
- |
|
Percentage
owned |
46.21% |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Ground Floor 20 Nepean Sea Road |
House number |
- |
|
Minor town |
- |
Postal
town |
- |
|
Post code |
- |
Country |
India |
|
|
|||
|
|
|||
|
SHAREHOLDER
NAME |
|||
|
Forename |
Krishna |
Middle
name |
- |
|
Surname |
Donda |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start date |
04/02/2011(estimated) |
End date |
- |
|
Percentage
owned |
50.89% |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
- |
House
number |
- |
|
Minor town |
- |
Postal
town |
- |
|
Post code |
- |
Country |
- |
Curt data
Bankruptcy Data
There is no bankruptcy data
against this company
court data
there is no data for this
company
|
Current
director details |
|
|
Name |
KRISHNA KALUBHAI DONDA |
|
Position |
Principal Manager |
|
Start Date |
12/03/2012 |
|
Street |
59 BELGIELEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
DHANSUKBHAI DONDA |
|
Position |
Principal Manager |
|
Start Date |
09/09/2010 |
|
Street |
98 BELGIELEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
KISHOR LAVJIBHAI DONDA |
|
Position |
Principal Manager |
|
Start Date |
12/03/2012 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
UK Pound |
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.