MIRA INFORM REPORT
|
Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
JBC |
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Registered Office : |
Centrum-Zuid 3401, Houthalen, 3530 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
429340608 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in the Retail trade in
men's, women's and children's clothing |
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No. of Employees : |
238 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Belgium |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
Company
name and address
JBC
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Business
Description
Retail trade in men's, women's and
children's clothing
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4771 -
Retail sale of clothing, footwear and leather articles in specialized stores |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key
Executives
|
Name |
Title |
|
Ann Elisabeth Claes |
Managing Director |
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Nancy Claes |
Manager |
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Veerle Koninckx |
Marketing Manager |
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Jan Beyens |
Technical Manager |
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Guy De Vooght |
Representative/Auditor |
News
|
Title |
Date |
|
Nepal keen
to expand cultural, tourism ties with Pakistan: envoy |
3-Mar-2014 |
|
Nepal,
Pakistan ties poised for a quantum leap |
3-Mar-2014 |
|
Myostatin-induced
DNA Damage in Skeletal Muscle [Molecular Bases of Disease] |
28-Feb-2014 |
|
Role of
Rheb in BACE1 Protein Stability [Protein Synthesis and Degradation] |
28-Feb-2014 |
|
Regulation of
PtdSer Transport in Yeast [Membrane Biology] |
28-Feb-2014 |
|
CSF3R T618I
Is an O-linked Glycosylation Site [Glycobiology and Extracellular Matrices] |
28-Feb-2014 |
Registered No.(VAT): 429340608
1 - Profit & Loss Item Exchange Rate: USD
1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 =
EUR 0.7566
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ANZSIC 2006 Codes: |
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4251 |
- |
Clothing Retailing |
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ISIC Rev 4 Codes: |
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4771 |
- |
Retail sale of clothing, footwear and leather articles in specialized
stores |
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NACE Rev 2 Codes: |
||
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4771 |
- |
Retail sale of clothing in specialised stores |
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NAICS 2012 Codes: |
||
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448110 |
- |
Men's Clothing Stores |
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448130 |
- |
Children's and Infants' Clothing Stores |
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448140 |
- |
Family Clothing Stores |
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448120 |
- |
Women's Clothing Stores |
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US SIC 1987: |
||
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5611 |
- |
Men's and Boys' Clothing and Accessory Stores |
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5641 |
- |
Children's and Infants' Wear Stores |
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5621 |
- |
Women's Clothing Stores |
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5651 |
- |
Family Clothing Stores |
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UK SIC 2007: |
||
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4771 |
- |
Retail sale of clothing in specialised stores |
Retail sale of clothing
More
Business Descriptions
Retail trade in men's, women's and children's clothing
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Corporate Family
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Distripar SA/NV |
Parent |
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|||||
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Subsidiary |
Houthalen |
Belgium |
Clothing and Apparel Stores |
262.2 |
238 |
|
|
|
Acquisition of Mayerline
proposed/announced.See corporate
structure news on Distripar SA/NV for details |
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Executives
Report
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Board of
Directors |
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Managing Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Executives |
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Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Manager |
Senior Management (General) |
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Representative/Auditor |
Accounting Executive |
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Human Resources Manager |
Human Resources Executive |
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Sales and Marketing Manager |
Sales Executive |
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Marketing Manager |
Marketing Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Technical Manager |
Engineering/Technical Executive |
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IT Manager |
Engineering/Technical Executive |
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News
Annual Profit & Loss
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Turnover |
262.2 |
251.9 |
225.3 |
|
Increase or Decrease in Stocks of Finished Goods,
and Orders in Progress |
-0.3 |
-0.3 |
0.2 |
|
Other Operating Income |
3.2 |
2.8 |
2.3 |
|
Operating Income |
265.0 |
254.4 |
227.7 |
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Purchases |
111.6 |
122.9 |
106.7 |
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Increase or Decrease
in Stocks |
7.8 |
-2.6 |
-8.5 |
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Raw Materials, Consumables, and Goods for
Release |
119.4 |
120.3 |
98.2 |
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Services and Sundry Goods |
90.0 |
85.4 |
75.5 |
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Remuneration, Social Security Charges, and
Pensions |
14.4 |
13.5 |
12.0 |
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Depreciation of and Other Amounts Written Off
of Formation Expense, Intangible and Tangible Fixed Assets |
11.3 |
15.2 |
15.9 |
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Increase or Decrease in Amounts Written Off
Stocks, Orders, and Trade Debtors |
-1.6 |
0.9 |
1.7 |
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Provisions for Liabilities and Charges |
0.4 |
-0.1 |
0.0 |
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Other Operating Charges |
0.5 |
0.6 |
0.4 |
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Operating Charges |
234.4 |
235.9 |
203.7 |
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Income From Financial Fixed Assets |
0.0 |
1.7 |
2.6 |
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Income From Current Assets |
1.2 |
0.8 |
0.9 |
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Other Financial Income |
1.8 |
2.6 |
3.2 |
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Financial Income |
3.0 |
5.1 |
6.8 |
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Interest and Other Debt Charges |
0.2 |
0.2 |
0.2 |
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Amounts Written Off on Current Assets |
0.2 |
0.1 |
0.3 |
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Other Financial Charges |
3.0 |
2.5 |
4.1 |
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Financial Charges |
3.5 |
2.8 |
4.6 |
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Gain on Disposal of Fixed Assets |
0.0 |
0.0 |
0.2 |
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Other Extraordinary Income |
0.0 |
0.0 |
1.0 |
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Extraordinary Income |
0.0 |
0.0 |
1.1 |
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Depreciation of and Other Amounts Written Off Formation
Expenses, Intangible, and Tangible Fixed Assets |
0.0 |
0.5 |
0.0 |
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Amounts Written Off on Financial Fixed Assets |
- |
0.0 |
- |
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Loss on Disposal of Fixed Assets |
0.0 |
- |
- |
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Other Extraordinary Charges |
0.1 |
0.4 |
0.1 |
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Extraordinary Charges |
0.1 |
0.9 |
0.1 |
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Transfer from Differed Taxes |
0.1 |
0.1 |
0.1 |
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Income Taxes |
8.8 |
5.2 |
7.2 |
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Adjustment of Income Taxes and Write-Back of
Tax Provisions |
- |
0.0 |
- |
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Income Taxes |
8.8 |
5.1 |
7.2 |
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Transfer from Untaxed Reserves |
0.1 |
0.1 |
0.1 |
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Transfer to Untaxed Reserves |
1.0 |
0.5 |
0.5 |
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From Reserves |
1.1 |
1.2 |
0.6 |
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Transfers From Capital and Reserves |
1.1 |
1.2 |
0.6 |
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Return on Capital |
1.1 |
1.2 |
43.3 |
|
Administrators or
Managers |
1.0 |
- |
- |
|
Profit to be Distributed |
2.1 |
1.2 |
43.3 |
|
Employees |
238 |
220 |
203 |
Annual Balance Sheet
Financials in: USD (mil)
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
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Intangible Assets |
0.8 |
0.8 |
1.0 |
|
Land & Buildings |
9.5 |
10.0 |
11.6 |
|
Plant, Machinery, and
Equipment |
0.4 |
0.3 |
0.2 |
|
Furniture and Vehicles |
1.5 |
1.3 |
1.6 |
|
Other Tangible Assets |
18.6 |
20.0 |
24.2 |
|
Tangible Assets |
30.0 |
31.6 |
37.6 |
|
Participating
Interests |
1.4 |
1.2 |
0.6 |
|
Amounts Receivable |
1.4 |
1.1 |
1.1 |
|
Affiliated Enterprises |
2.8 |
2.3 |
1.8 |
|
Amounts Receivable and
Cash Guarantees |
- |
- |
0.6 |
|
Other Capital Assets |
- |
- |
0.6 |
|
Capital Assets |
2.8 |
2.3 |
2.4 |
|
Fixed Assets |
33.6 |
34.7 |
41.0 |
|
Raw Materials and
Consumables |
0.4 |
0.1 |
0.3 |
|
Finished Goods |
0.4 |
0.8 |
1.1 |
|
Goods Purchased for
Resale |
24.8 |
30.9 |
30.1 |
|
Advance Payments |
0.1 |
0.1 |
1.0 |
|
Stocks |
25.8 |
31.9 |
32.5 |
|
Inventory and Orders in Progress |
25.8 |
31.9 |
32.5 |
|
Trade Debtors |
5.1 |
7.0 |
3.8 |
|
Other Amounts
Receivable |
37.3 |
21.5 |
2.9 |
|
Amounts Receivable Within One Year |
42.4 |
28.5 |
6.7 |
|
Other Investments and
Deposits |
0.4 |
6.2 |
27.8 |
|
Investments |
0.4 |
6.2 |
27.8 |
|
Liquid Assets |
57.2 |
31.2 |
12.0 |
|
Adjustment Accounts |
1.4 |
0.9 |
1.3 |
|
Current Assets |
127.1 |
98.6 |
80.3 |
|
Total Assets |
160.8 |
133.3 |
121.3 |
|
Issued Capital |
5.0 |
4.9 |
5.1 |
|
Capital |
5.0 |
4.9 |
5.1 |
|
Legal Reserve |
0.5 |
0.5 |
0.5 |
|
Untaxed Reserves |
2.8 |
1.9 |
1.9 |
|
Reserves Available for
Distribution |
10.5 |
11.4 |
12.6 |
|
Reserves |
13.8 |
13.8 |
15.1 |
|
Other Liabilities and
Charges |
0.4 |
0.0 |
0.1 |
|
Provisions for
Liabilities and Charges |
0.4 |
0.0 |
0.1 |
|
Deferred Taxation |
0.4 |
0.5 |
0.6 |
|
Provisions and Deferred Taxes |
0.8 |
0.5 |
0.7 |
|
Capital and Reserves |
129.8 |
108.0 |
98.4 |
|
Credit Institutions |
1.2 |
1.6 |
2.1 |
|
Financial Debts |
1.2 |
1.6 |
2.1 |
|
Amounts Due After More Than One Year |
1.2 |
1.6 |
2.1 |
|
Current Portion of
Amounts Payable After More Than One Year |
0.4 |
0.4 |
0.5 |
|
Suppliers |
18.0 |
16.7 |
11.8 |
|
Trade Debts |
18.0 |
16.7 |
11.8 |
|
Taxes |
3.3 |
0.2 |
2.1 |
|
Remuneration and
Social Security |
2.7 |
2.1 |
1.9 |
|
Taxes, Wages, and
Social Security |
6.0 |
2.3 |
4.0 |
|
Other Amounts Payable |
4.3 |
3.7 |
3.7 |
|
Amounts Payable Within One Year |
28.7 |
23.1 |
20.0 |
|
Adjustment Accounts |
0.2 |
0.1 |
0.2 |
|
Creditors |
30.1 |
24.8 |
22.3 |
|
Total Liabilities + Shareholders' Equity |
160.8 |
133.3 |
121.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.52 |
|
Euro |
1 |
Rs.85.31 |
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.