MIRA
INFORM REPORT
|
Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAINAM BVBA |
|
|
|
|
Registered Office : |
Schupstraat
9-11, Internal Postal |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
22.03.2012 |
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|
|
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Com. Reg. No.: |
844747561 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Wholesaler of diamonds and other Precious Stones |
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|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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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 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 |
844747561 |
|
Company name |
JAINAM
BVBA |
|
Address |
Schupstraat 9-11, Internal Postal Box 136 |
|
|
ANTWERPEN
2018 |
|
Number of staff |
0 |
|
Date of establishment |
22/03/2012 |
Commentary
|
No
employees are recorded for this business. |
|
|
The
business has been at the address for over 9 months. |
|
|
The
business has changed address 1 times in the last year. |
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING
CAPITAL
31/12/2012 312,064
6,422 23,542 21,237
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF
EMPLOYEES CAPITAL CASHFLOW
31/12/2012 378,288
0 18,600 5,513
Payment expectations
Past payments Payment expectation days 417.15
Industry average payment expectation days 164.62
Industry average day sales outstanding 125.64
Day sales outstanding 258.40
Court data summary
BANKRUPTCY DETAILS
Court action type no
Company information
Business number 844747561
Company name JAINAM BVBA
Date founded 22/03/2012
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 46761
Activity description Wholesaler of diamonds
and other precious stones
Liable for VAT yes
VAT Number BE.0844.747.561
Check VAT number
Belgian Bullettin of
Acts Publications Moniteur Belge
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual accounts |
31-12-2012 |
|
Weeks |
41 |
|
Currency |
EUR |
|
Turnover |
312,064 |
|
Total
operating expenses |
305,323 |
|
Operating
result |
6,741 |
|
Total
financial expenses |
319 |
|
Results
on ordinary operations before taxation |
6,422 |
|
Taxation |
1,480 |
|
Results
on ordinary operations after taxation |
4,942 |
|
Net
result |
4,942 |
|
Other Information |
|
|
Gross
Operating Margin |
7,312 |
|
Amortization
and depreciation |
571 |
Balance Sheet
|
Annual accounts |
31-12-2012 % |
|
Weeks |
41 |
|
Currency |
EUR |
|
Intangible fixed assets |
0- |
|
Tangible fixed assets |
2,305 - |
|
Land & building |
-- |
|
Plant & machinery |
2,305 - |
|
Furniture & Vehicles |
-- |
|
Leasing & Other Similar Rights |
-- |
|
Other tangible assets |
0- |
|
Financial fixed assets |
-- |
|
Total fixed assets |
2,305 - |
|
Inventories |
133,158 - |
|
Raw materials & consumables |
-- |
|
Work in progress |
0- |
|
Finished goods |
0- |
|
Other stocks |
133,158 - |
|
Trade debtors |
220,920 - |
|
Cash |
20,422 - |
|
other amounts receivable |
1,231 - |
|
Miscellaneous current assets |
252 - |
|
Total current assets |
375,983 - |
|
Total Assets |
378,288 - |
|
Current Liabilities |
|
|
Trade
creditors |
348,947 |
|
Short term group loans |
- |
|
Financial debts |
- |
|
Current portion of long term
debt |
- |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
5,799 |
|
Miscellaneous current
liabilities |
0 |
|
Total current liabilities |
354,746 |
|
Long term group loans |
- |
|
Other long term loans |
- |
|
Deffered taxes |
- |
|
Provisions for Liabilities
& Charges |
0 |
|
Other long term liabilities |
0 |
|
Total long term debts |
0 |
|
Shareholders Equity |
|
|
Issued share capital |
18,600 |
|
Share premium account |
- |
|
Reserves |
4,942 |
|
Revaluation reserve |
- |
|
Total shareholders equity |
23,542 |
|
Working capital |
21,237 |
|
Cashflow |
5,513 |
|
Net worth |
23,542 |
Ratio analysis
|
Annual accounts |
31-12-2012 |
|
TRADING PERFORMANCE |
|
|
Profit
Before Tax |
2.06 |
|
Return
on capital employed |
27.28 |
|
Return
on total assets employed |
1.70 |
|
Return
on net assets employed |
27.28 |
|
Sales
/ net working capital |
14.69 |
|
Stock
turnover ratio |
42.67 |
|
Debtor
days |
258.40 |
|
Creditor
days |
417.15 |
|
SHORT TERM STABILITY |
|
|
Current
ratio |
1.06 |
|
Liquidity
ratio / acid ratio |
0.68 |
|
Current
debt ratio |
15.07 |
|
Liquidity
ratio reprocessed |
--- |
|
LONG TERM STABILITY |
|
|
Gearing |
--- |
|
Equity
in percentage |
6.22 |
|
Total
debt ratio |
15.07 |
Limit History
no limit history data found
Industry comparison
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
Payment expectations
Payment expectation days 417.15
Day sales outstanding 258.40
Industry comparison
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
Industry average payment expectation days 164.62
Industry average day sales outstanding 125.64
Industry quartile analysis
Payment expectations
Company result 417.15
Lower 134.13
Median 84.93
Upper 45.40
Day sales outstanding
Company result 258.40
Lower 110.17
Median 59.01
Upper 28.09
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
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.59.48 |
|
UK Pound |
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.