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Report Date : |
21.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
VAN DEN PLAS EN ZONEN BVBA |
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|
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Registered Office : |
Pelikaanstraat 62 2018 Antwerpen |
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|
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Country : |
Belgium |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
22.11.1993 |
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Com. Reg. No.: |
451327142 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Wholesale of diamonds and other precious stones |
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|
|
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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 |
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Payment Behaviour : |
No complaints |
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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 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 451327142
Company name VAN DEN PLAS EN ZONEN BVBA
Address PELIKAANSTRAAT
62
2018 ANTWERPEN
Number of staff
0
Date of establishment 22/11/1993
Telephone number 032265235
Fax number 032265235
The business was established over 20 years ago.
The business has 1 employees.
The business has been at the address for over 7 years.
Operating Result in the latest trading period increased 403% on the previous trading period.
Pre-tax profits increased by 538% compared to the previous trading period.
The business saw a decrease in their Cash Balance of 77% during the latest trading period
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
|
95,617 |
1,247,678 |
1,243,078 |
|
31/12/2011 |
|
14,975 |
1,238,940 |
1,234,208 |
|
31/12/2010 |
|
5,386 |
1,226,663 |
1,221,367 |
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
|
95,617 |
1,247,678 |
1,243,078 |
|
31/12/2011 |
|
14,975 |
1,238,940 |
1,234,208 |
|
31/12/2010 |
|
5,386 |
1,226,663 |
1,221,367 |
|
Date of latest accounts |
Balance Total |
Nos of Employees |
Capital |
Cashflow |
|
31/12/2012 |
1,414,565 |
0 |
18,600 |
9,283 |
|
31/12/2011 |
1,733,946 |
0 |
18,600 |
12,841 |
|
31/12/2010 |
1,258,006 |
0 |
18,600 |
12,342 |
Past payments Payment expectation days -
Industry average payment
expectation days 164.62
Day sales
outstanding -
Industry average day
sales
outstanding 125.68
Business number 451327142
Company name VAN
DEN PLAS EN ZONEN BVBA
Fax number
032265235
Date founded
22/11/1993
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
Code -
Description FROM 1 TO 4 EMPLOYEES
JIC Code 218
Description Additional national joint committee for the
employees
category
JIC Code 324.02
Description JSC small
merchandisers in the diamant industry and trade
Category
Annual accounts 31-12-2012 % 31-12-2011 % 31-12-2010 average
Industry 2012 %
Weeks 52 52 52
Currency EUR EUR EUR
Turnover - - - - - 46,485,458 -
Total operating expenses - - - - - 46,114,879 -
Operating result 99,885 403 19,836 135 8,414 140,820 -29.07
Total financial income 77 -83.85 480 959500 0 98,771 -99
Total financial expenses 4,345 -18.64 5,341 76.35 3,028 206,101 -97.89
Results on ordinary operations before
Taxation 95,61
7538 14,975 178 5,386 25,231 278
Taxation 2,953 9.43 2,698 48.98 1,811 20,807 -85.81
Results on ordinary operations after
Taxation 92,665 654 12,277 243 3,575 10,456 786
Extraordinary items -83,926 - 0 - 0 -3,965 -2016
Other appropriations 0.00 - 0.00 - 0.00 - -
Net result 8,738 -28.82 12,277 243 3,575 6,510 34.23
other information
Gross Operating Margin 101,684 367 21,747 16.97 18,592 56,746 79.19
Dividends - - - - - 172,177 -
Director remuneration - - - - - 112,544 -
Employee costs - - - - 100 125,946 -
Wages and salary - - - - 4 105,550 -
Employee pension costs - - - - - 14,428 -
Social security contributions - - - - - 26,656 -
Other employee costs 0 - 0 -100 96 4,340 -100
Amortization and depreciation 544 -3.46 564 -93.57 8,767 17,811 -96.94
Annual accounts 31-12-2012 % 31-12-2011 % 31-12-2010 average
Industry 2012 %
Weeks 52 52 52
Currency EUR EUR EUR
Intangible fixed assets 0 - 0 - 0 1,570 -100
Tangible fixed assets 436 -23.22 568 -49.83 1,131 184,117 -99
Land & building - - - - - 362,988 -
Plant & machinery 84 -85.23 567 -49.83 1,131 22,615 -99
Furniture & Vehicles 352 1759600 0 0 0 17,295 5,364 -97.97
Leasing and other similar
rights - - - - - 142,153 --
32,369
Other tangible assets 0 - 0 - 0 7,581 -100
Financial fixed assets 4,165 0 4,165 0 4,165 306,282 -98.64
Total fixed assets 4,600 -2.78 4,732 -10.64 5,296 394,259 -98.83
Inventories 1,118,314 -17.69 1,358,731 139 567,442 3,098,414 -63.91
Raw materials & consumables - - - - - 7,209,884 -
Work in progress 0 - 0 - 0 2,382 -100
Finished goods 0 - 0 - 0 1,992,650 -100
Other stocks 1,118,314 -17.69 1,358,731 139 567,442 569,029 96.53
Trade debtors 272,341 -2.05 278,045 -15.05 327,319 4,234,849 -93.57
Cash 18,789 -77.90 85,031 -75.78 351,008 227,014 -91.72
other amounts receivable 281 -96.04 7,096 13.23 6,267 208,818 -99
Miscellaneous current assets 239 -23.26 311 -53.79 674 18,217 -98.69
Total current assets 1,409,965 -18.46 1,729,214 38.04 1,252,711 7,314,172 -80.72
Total Assets 1,414,565 -18.42 1,733,946 37.83 1,258,006
7,668,273
1,451,744 -81.55
Trade creditors 156,947 -67.17 478,022 1775 25,489 3,141,505 -95.00
Short term group loans - - - - - - -
Financial
debts - - - - - 4,280,807
189,666 -
Current portion of long term debt - - - - - 110,204 15,373 -
Amounts Payable for Taxes,
Remuneration & Social Security 9,740 40.99 16,505 198 5,533 9,727 - -71.34
Miscellaneous current liabilities 200 -58.29 479 49.01 322 -99 --
Total current liabilities 166,887 -66.29 495,007 1479 31,344 5,452,181 -96.94
LONG TERM DEBTS AND LIABILITIES
Long term group loans - - - - - - --
Other long term loans - - - - - - --
Deffered taxes - - - - - 37,626 26,358 -
Provisions for Liabilities & Charges 0 - 0 - 0 3,162 0 -100
Other long term liabilities 0 - 0 - 0 127,769 -100
Total long term debts 0 - 0 - 0 561,675 -100
SHAREHOLDERS EQUITY
Issued share capital 18,600 0 18,600 0 18,600 966,465 -98.08
Share premium account - - - - - 109,362 -
Reserves 1,229,078 0.72 1,220,340 1.02 1,208,063 652,459 88.38
Revaluation reserve - - - - - 939,206 -
Total shareholders equity 1,247,678 0.71 1,238,940 1.00 1,226,663 1,648,380 -24.31
Working capital 1,243,078 0.72 1,234,208 1.05 1,221,367 1,861,991 -33.24
Cashflow 9,283 -27.71 12,841 4.04 12,342 21,230 -56.28
Net worth 1,247,678 0.71 1,238,940 1.00 1,226,663 1,645,157 -24.16
Annual accounts 31-12-2012 % 31-12-2011 % 31-12-2010 average
Industry 2012 %
Profit Before Tax - - - - - -29,00 -
Return on capital employed 7.66 533 1.21 175 0.44 29,00 -73.59
Return on total assets
Employed 6.76 686 0.86 100 0.43 200,00 3.38
Return on net assets employed 7.66 533 1.21 175 0.44 19,00 -59.68
Sales / net working capital - - - - - 44,00 -
Stock turnover ratio - - - - - 116,00 -
Debtor days - - - - - 143,00 -
Creditor days - - - - - 125,00 -
SHORT TERM STABILITY
Current ratio 8.45 142 3.49 -91.27 39.97 6,00 -6.11
Liquidity ratio / acid ratio 1.75 133 0.75 -96.57 21.86 4,00 -56.25
Current debt ratio 0.13 -67.50 0.40 1233 0.03 9,00 -98.56
Liquidity ratio reprocessed - - - - - - -
LONG TERM STABILITY
Gearing - - - - - 357,00 -
Equity in percentage 88.20 23.44 71.45 -26.73 97.51 -3.185,00 2.77
Total debt ratio 0.13 -67.50 0.40 1233 0.03 11,00 -98.82
Activity code 46761
Activity
description Wholesale of diamonds and other precious
stones
Payment
expectations
Company result -
Lower 134.13
Median 84.62
Upper 45.33
Company result -
Lower 110.17
Median 58.70
Upper 28.58
Group Structure
No group structure
for this company.
Minority
Shareholders
No minority
shareholders found
Minority
Interests
No minority
interests found
Business number 451327142
Name of defendant -
Legal form of defendant -
Date of summons -
Labour court -
There is no bankruptcy data against this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.77 |
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Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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|
>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 |
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|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.