MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEMINI
CORPORATION NV |
|
|
|
|
Registered Office : |
Waterwilgweg 6, 2050 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.09.1989 |
|
|
|
|
Com. Reg. No.: |
438488597 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of waste and scrap |
|
|
|
|
No of Employees : |
14 (31.12.2013) |
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 : |
Slow But Correct |
|
|
|
|
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
COMPANY
SUMMARY
|
Business number |
438488597 |
|
Company name |
GEMINI
CORPORATION NV |
|
Address |
WATERWILGWEG
6 |
|
|
2050
ANTWERPEN |
|
Number of staff |
14
(31.12.2013) |
|
Date of establishment |
22/09/1989 |
|
Telephone number |
032540414 |
|
Fax number |
032540428 |
Commentary
|
The business was established
over 24 years ago. |
|
|
The business has 14 employees. |
|
|
The business has been at the
address for over 14 years. |
|
|
Operating Result in the latest
trading period increased 38% on the previous trading period. |
|
|
A 36% growth in Total Assets
occurred during the latest trading period. |
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING
CAPITAL
31/12/2013 123,035,556
1,510,175 7,157,016 5,937,753
31/12/2012 116,766,749
1,319,141 6,187,404 5,031,276
31/12/2011 110,029,053
1,262,853 5,329,626 4,073,723
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 15,503,913
14 829,000
1,101,123
31/12/2012 11,376,004
17 829,000
986,023
31/12/2011 13,086,245
15 829,000
993,958
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Past payments Payment expectation days 17.14
Industry average payment expectation days 87.21
Industry average day sales outstanding 92.87
Day sales outstanding 32.64
Court
data summary
BANKRUPTCY DETAILS
Court action type no
Company
information
Business number 438488597
Company name GEMINI CORPORATION
NV
Fax number 032540428
Date founded 22/09/1989
Company status active
Company type Public Limited
Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity code 46779
Activity description Wholesaler of
waste and scrap, n.e.c.
Liable for VAT yes
VAT Number BE.0438.488.597
Check VAT number
Belgian Bullettin of Acts Publications moniteur belge
Social
Balance Sheet Details
|
Social Balance Sheet |
|
Total |
|
|
|
During the reporting year
ended 31-12-2013 |
||||
|
Full-time Employees |
|
16 |
|
|
|
Part-time Employees |
|
0 |
|
|
|
Total Fte Employees |
|
16 |
|
|
|
|
||||
|
Number of hours worked |
||||
|
Full-time Employees |
|
26,342 |
|
|
|
Part-time Employees |
|
0 |
|
|
|
Total |
|
26,342 |
|
|
|
|
||||
|
Personnel Charges |
||||
|
Full-time Employees |
|
970,303 |
|
|
|
Part-time Employees |
|
0 |
|
|
|
Total |
|
970,303 |
|
|
|
Benefits In Addition To Wages |
19,236 |
|
|
|
|
|
||||
|
During the previous
reporting year |
||||
|
Average number employees
in Fte |
18 |
|
|
|
|
Actual working hours |
|
29,864 |
|
|
|
Personnel Charges |
|
978,535 |
|
|
|
Benefits In Addition To
Wages |
18,036 |
|
||
|
|
|
|
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration
Contracts |
11 |
0 |
11 |
|
|
Limited Duration Contracts |
3 |
0 |
3 |
|
|
Contracts For Specific
Work |
0 |
0 |
0 |
|
|
Contracts Regarding
Substitution |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
Gender and Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
0 |
0 |
0 |
|
|
Secondary education |
12 |
0 |
12 |
|
|
Higher education (non
university) |
0 |
0 |
0 |
|
|
Higher education
(university) |
0 |
0 |
0 |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
0 |
0 |
0 |
|
|
Secondary education |
2 |
0 |
2 |
|
|
Higher education (non
university) |
0 |
0 |
0 |
|
|
Higher education
(university) |
0 |
0 |
0 |
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
0 |
0 |
0 |
|
|
White collar worker |
14 |
0 |
14 |
|
|
Blue collar worker |
0 |
0 |
0 |
|
|
Other |
0 |
0 |
0 |
|
Temporary personnel Total
Average number of temporary staff 0
Actual working hours 616
Cost of temporary staff 23,197
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New
Starters |
5 |
0 |
5 |
|
Leavers |
8 |
0 |
8 |
|
Total of formal continuing vocational training
initiatives |
||
|
for workers paid by the employer |
Male |
Female |
|
Number of employees |
14 |
0 |
|
Number of training hours |
64 |
0 |
|
Net costs for enterprise |
7,102 |
0 |
|
Total of less formal and informal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
3 |
0 |
|
Number of training hours |
78 |
0 |
|
Net costs for enterprise |
2,873 |
0 |
|
Total of initial training initiatives at the
expense of the employer |
Male |
Female |
|
Number of employees |
0 |
0 |
|
Number of training hours |
0 |
0 |
|
Net costs for enterprise |
0 |
0 |
Joint Industrial Committee
(JIC)
JIC Code 226
Description JC employees
international trade, transport & related activities
Significant
Events
Event Date 25/02/2013
Event Description re-appointment of director(s)
Event Details Commentaar
25-02-2013: Herbenoemd als bestuurders voor een periode van zes jaar :
Prakash Bhansali, Surana Rakesh, Prajapati
Ram en Prakash Lata. Herbenoemd als
voorzitter voor eem periode van zes jaar :
Kumar Borad.
COMPANY
ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
EUR |
EUR |
||||
|
Turnover |
123,035,556 |
5.37 |
116,766,749 |
6.12 |
110,029,053 |
63,554,676 |
93.59 |
|
Total
operating expenses |
120,553,166 |
4.86 |
114,970,858 |
6.01 |
108,454,209 |
62,216,218 |
93.76 |
|
Operating
result |
2,482,389 |
38.23 |
1,795,891 |
14.04 |
1,574,845 |
292,287 |
749 |
|
Total
financial income |
16,219 |
-84.84 |
106,962 |
-24.58 |
141,814 |
3,961 |
309 |
|
Total
financial expenses |
988,433 |
69.34 |
583,712 |
28.63 |
453,806 |
131,653 |
650 |
|
Results
on ordinary operations before taxation |
1,510,175 |
14.48 |
1,319,141 |
4.46 |
1,262,853 |
163,406 |
824 |
|
Taxation |
542,084 |
23.06 |
440,515 |
4.86 |
420,093 |
105,901 |
411 |
|
Results
on ordinary operations after taxation |
968,092 |
10.18 |
878,626 |
4.26 |
842,760 |
89,275 |
984 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
4,483 |
-100 |
|
Other
appropriations |
1520.77 |
7.29 |
-20847.50 |
- |
0.00 |
- |
- |
|
Net
result OTHER INFORMATION |
969,612 |
13.04 |
857,778 |
1.78 |
842,760 |
93,911 |
932 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
410,893 |
- |
|
Dividends |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Director
remuneration |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Employee
costs |
970,303 |
-0.84 |
978,535 |
1.96 |
959,706 |
811,167 |
19.62 |
|
Wages and salary |
762,110 |
-0.22 |
763,818 |
2.88 |
742,434 |
543,907 |
40.12 |
|
Employee pension costs |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Social security contributions |
203,149 |
-5.42 |
214,785 |
1.57 |
211,475 |
178,787 |
13.63 |
|
Other employee costs |
5,043 |
7354 |
-69 |
-101 |
5,797 |
53,083 |
-90.50 |
|
Amortization
and depreciation |
131,511 |
2.55 |
128,245 |
-15.18 |
151,198 |
78,340 |
67.87 |
Balance Sheet
|
Annual
accounts |
31-12-2013 |
|
31-12-2012 |
% |
31-12-2011 |
Industry
average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
69,803 |
-100 |
|
Tangible
fixed assets |
1,335,837 |
0.03 |
1,335,432 |
-9.35 |
1,473,159 |
585,101 |
128 |
|
Land & building |
1,185,667 |
-3.39 |
1,227,243 |
-5.53 |
1,299,126 |
675,693 |
75.47 |
|
Plant & machinery |
- |
- |
- |
- |
- |
30,936 |
- |
|
Furniture & Vehicles |
150,170 |
38.80 |
1 08,189 |
-37.83 |
174,032 |
61,150
35,065 |
145 |
|
Leasing & Other Similar
Rights |
0 |
- |
0 |
- |
0 |
0 0 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
59,736 |
-100 |
|
Financial
fixed assets |
3,128 |
16.80 |
2,678 |
0 |
2,678 |
129,921 |
-97.59 |
|
Total
fixed assets |
1,338,965 |
0.06 |
1,338,111 |
-9.33 |
1,475,837 |
661,354 |
102 |
|
Inventories |
2,436,160 |
51.88 |
1,603,978 |
-44.68 |
2,899,671 |
787,157 |
209 |
|
Raw materials &
consumables |
0 |
- |
0 |
- |
0 |
12,466 |
-100 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
34,400 |
-100 |
|
Finished goods |
2,436,160 |
51.88 |
1,603,978 |
-44.68 |
2,899,671 |
338,807 |
619 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
96,594 |
-100 |
|
Trade
debtors |
11,001,299 |
38.79 |
7,926,854 |
4.39 |
7,593,362 |
1,358,883 |
709 |
|
Cash |
3,482 |
-52.32 |
7,303 |
-48.97 |
14,311 |
49,092 |
-92.91 |
|
other
amounts receivable |
355,972 |
725 |
43,139 |
-80.63 |
222,665 |
48,920 |
627 |
|
Miscellaneous
current assets |
368,035 |
-19.40 |
456,620 |
-48.13 |
880,398 |
95,726 |
284 |
|
Total
current assets |
14,164,948 |
41.11 |
1
0,037,893 |
-13.54 |
11,610,408 |
2,024,916 |
599 |
|
Total
Assets |
15,503,91
3 |
36.29 |
11,376,004 |
-13.07 |
13,086,245 |
2,686,270
840,235 |
477 |
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
Trade
creditors |
5,662,476 |
164 |
2.142,217 |
-48.45 |
4,155,404 |
796,270 |
611 |
|
Financial
debts |
999,722 |
-41.46 |
1,707,749 |
-37.10 |
2,714,943 |
701,116 518,601 |
42.59 |
|
Current
portion of long term debt |
65,144 |
0 |
65,144 |
0 |
65,144 |
87,834 84,750 |
-25.83 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
1,068,871 |
13.75 |
939,685 |
87.41 |
501,403 |
760,37- |
280 |
|
Miscellaneous
current liabilities |
430,983 |
183 |
151,822 |
52.14 |
99,791 |
232 |
--- |
|
Total
current liabilities |
8,227,196 |
64.33 |
5,006,617 |
-33.57 |
7,536,685 |
1,527,862 |
438 |
|
Long Term Debts &
Liabilities |
|
|
|
|
|
|
|
|
Other
long term loans |
100,375 |
-37.71 |
161,135 |
-26.73 |
219,935 |
-41.23 |
--- |
|
Deffered
taxes |
19,327 |
-7.29 |
20,848 |
-- |
0 |
19,327 19,327 |
0.00 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
100,174 |
-100 |
|
Total
long term debts |
119,701 |
-34.22 |
181,983 |
-17.26 |
219,935 |
170,430 |
-29.77 |
|
Shareholders Equity |
|||||||
|
Issued
share capital |
829,000 |
0 |
829,000 |
0 |
829,000 |
373,340 |
122 |
|
Reserves |
5,876,813 |
19.76 |
4,907,201 |
21.18 |
4,049,423 |
404,518 |
1352 |
|
Revaluation
reserve |
451,203 |
0 |
451,203 |
0 |
451,203 |
1,050,601 |
-57.05 |
|
Total
shareholders equity |
7,157,016 |
15.67 |
6,187,404 |
16.09 |
5,329,626 |
987,978 |
624 |
|
Working
capital |
5,937,753 |
18.02 |
5,031,276 |
23.51 |
4,073,723 |
497,054 |
1094 |
|
Cashflow |
1,101,123 |
11.67 |
986,023 |
-0.80 |
993,958 |
172,250 |
539 |
|
Net
worth |
7,157,016 |
15.67 |
6,187,404 |
16.09 |
5,329,626 |
918,176 |
679 |
Ratio Analysis
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
1.23 |
8.85 |
1.13 |
-1.74 |
1.15 |
2,00 |
-38.50 |
|
Return
on capital employed |
20.75 |
0.19 |
20.71 |
-9.01 |
22.76 |
7,00 |
196 |
|
Return
on total assets employed |
9.74 |
-16.03 |
11.60 |
20.21 |
9.65 |
8,00 |
21.75 |
|
Return
on net assets employed |
21.10 |
-1.03 |
21.32 |
-10.00 |
23.69 |
7,00 |
201 |
|
Sales
/ net working capital |
20.72 |
-10.73 |
23.21 |
-14.07 |
27.01 |
9,00 |
-99 |
|
Stock
turnover ratio |
1.98 |
44.53 |
1.37 |
-48.11 |
2.64 |
13,00 |
-84.77 |
|
Debtor
days |
32.64 |
31.72 |
24.78 |
-1.63 |
25.19 |
47,00 |
-30.55 |
|
Creditor
days SHORT TERM STABILITY |
17.14 |
152 |
6.80 |
-51.36 |
13.98 |
39,00 |
-56.05 |
|
Current
ratio |
1.72 |
-14.00 |
2 |
29.87 |
1.54 |
1,00 |
-78.50 |
|
Liquidity
ratio / acid ratio |
1.43 |
-14.88 |
1.68 |
44.83 |
1.16 |
1,00 |
43.00 |
|
Current
debt ratio |
1.15 |
41.98 |
0.81 |
-42.55 |
1.41 |
8,00 |
-85.62 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
16.28 |
-47.92 |
31.26 |
-44.47 |
56.29 |
151,00 |
-89.22 |
|
Equity
in percentage |
46.16 |
-15.13 |
54.39 |
33.54 |
40.73 |
34,00 |
35.76 |
|
Total
debt ratio |
1.17 |
39.29 |
0.84 |
-42.47 |
1.46 |
8,00 |
-85.38 |
Industry
comparison
|
Activity code |
46779 |
|
|
Activity description |
Wholesaler
of waste and scrap. |
|
Payment
Information
Payment Information Summary
Total number of Invoices available 15
Total number of Invoices paid within or up to 30 days after the due
date 12
Total number of Invoices paid more than 30 days after the due date 0
Total number of Invoices currently outstanding where the due date has
not yet been reached 0
Total number of Invoices currently outstanding beyond the due date 3
Payment
expectations
Payment expectation days 17.14
Day sales outstanding
32.64
Industry
comparison
Activity code 46779
Activity description Wholesaler of
waste and scrap
Industry average payment expectation days 87.21
Industry average day sales outstanding 92.87
Industry
quartile analysis
Payment expectations
Company result
17.14
Lower 72.92
Median 36.80
Upper 12.52
Day sales outstanding
Company result 32.64
Lower 61.18
Median 33.62
Upper 15.33
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 |
Surendra |
Middle
name |
- |
|
Surname |
Borad |
|
|
|
SHAREHOLDER DETAILS |
|||
|
Start date |
27/03/2012(estimated) |
End
date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Esmoreitlaan |
House
number |
3 |
|
Minor town |
- |
Postal
town |
Antwerpen |
|
Post code |
2050 |
Country |
Belgium |
COURT
DATA
NSSO details
Business number 438488597
Bankruptcy
details
There is no bankruptcy data against this company
Bankruptcy
Data
Court Data
there is no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
UK Pound |
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.