MIRA INFORM REPORT

 

 

Report Date :

19.03.2014

 

IDENTIFICATION DETAILS

 

Name :

ACALIN

 

 

Registered Office :

Rue Bonne-Fortune 102, Ans, 4430

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2012

 

 

Year of Establishments:

1993

 

 

Com. Reg. No.:

449791275

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Wholesaler of metals and metal ores

 

 

No. of Employees

13 (31.12.2012)

 

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

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 2011 Belgian GDP grew by 1.8%, the unemployment rate decreased slightly to 7.2% from 8.3% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 4.2% in 2011 and 3.3% in 2012. Fourth quarter GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative growth. This brought economic growth for the whole of 2012 to negative 0.2%. It also left Belgium on the brink of a possible recession at the end of 2012. However, at year's end, the government appeared close to meeting its 2012 budget deficit goal of 3% of GDP. 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 name & address

 

ACALIN

Rue Bonne-Fortune 102

Ans, 4430

Belgium

 

Tel:       04 361 03 86

Fax:      04 247 39 77

 

                       

Synthesis     

 

Employees:                 13

Company Type:            Private Independent

Incorporation Date:        1993    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2012

Reporting Currency:       Euro

Annual Sales:               11.5  1

Total Assets:                6.8

 

Business Description     

 

Wholesaler of metals and metal ores

 

Industry

Industry           Metals and Minerals Wholesale

ANZSIC 2006:   3322 - Metal and Mineral Wholesaling

ISIC Rev 4:        4662 - Wholesale of metals and metal ores

NACE Rev 2:     4672 - Wholesale of metals and metal ores

NAICS 2012:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2007:    4672 - Wholesale of metals and metal ores

US SIC 1987:    505 - Metals and Minerals, Except Petroleum

 

           

Key Executives   

 

Name                                                   Title    

Alain Eli Paul Albert De Smet                 Chairman/Managing Director     

Robert Cyrille Marie Bontemps               Administrator   

Claudio Ramondino                               Administrator   

Pascal Georges Lucien Ghislain Celen    Representative/Auditor 


1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566

 

 

Corporate Overview

 

Location

Rue Bonne-Fortune 102

Ans, 4430

Belgium

Tel:       04 361 03 86

Fax:      04 247 39 77

           

Sales EUR(mil):                         8.9

Assets EUR(mil):                       5.1

Employees:                              13

Fiscal Year End:                        31-Dec-2012

Industry:                                   Miscellaneous Capital Goods

Incorporation Date:                    1993

Company Type:                         Private Independent

Quoted Status:                          Not Quoted

Registered No.(VAT):                 449791275

Chairman/Managing Director:     Alain Eli Paul Albert De Smet

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

ISIC Rev 4 Codes:

4662     -          Wholesale of metals and metal ores

4610     -          Wholesale on a fee or contract basis

 

NACE Rev 2 Codes:

4672     -          Wholesale of metals and metal ores

4612     -          Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

NAICS 2012 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

425120  -          Wholesale Trade Agents and Brokers

 

US SIC 1987:

505       -          Metals and Minerals, Except Petroleum

5199     -          Nondurable Goods, Not Elsewhere Classified

 

UK SIC 2007:

4672     -          Wholesale of metals and metal ores

4612     -          Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

Business Description

Wholesale of metals and metal ores

 

Financial Data

Financials in:

EUR(mil)

Revenue:

8.9

Assets:

5.1

Current Assets:

4.4

Fixed Assets:

0.7

Total Liabilities:

5.1

Issued Capital:

0.1

Net Worth:

0.1

Date of Financial Data:

31-Dec-2012

1 Year Growth

-10.6%

NA

 Top

 

 

 

 

 Executive report

 

Board of Directors

 

Name

Title

Function

Alain Eli Paul Albert De Smet

Chairman/Managing Director

Chairman

 

Age: 54

 

 

 

Executives

 

Name

Title

Function

Alain Eli Paul Albert De Smet

Chairman/Managing Director

Managing Director

 

Age: 54

Robert Cyrille Marie Bontemps

Administrator

Administration Executive

Age: 74

Claudio Ramondino

Administrator

Administration Executive

 

Age: 51

Pascal Georges Lucien Ghislain Celen

Representative/Auditor

Accounting Executive

Age: 46

Annual Profit & Loss

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.778237

0.71919

0.755078

Consolidated

No

No

No

 

 

 

 

    Turnover

11.5

-

-

    Other Operating Income

0.1

-

-

Operating Income

11.6

-

-

        Purchases

9.3

-

-

        Increase or Decrease in Stocks

0.1

-

-

    Raw Materials, Consumables, and Goods for Release

9.4

-

-

    Services and Sundry Goods

0.9

-

-

    Remuneration, Social Security Charges, and Pensions

0.8

0.7

0.7

    Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets

0.2

0.2

0.2

    Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors

-0.1

0.0

0.0

    Provisions for Liabilities and Charges

0.0

-

-

    Other Operating Charges

0.1

0.0

0.0

Operating Charges

11.3

-

-

    Income From Current Assets

0.0

-

-

    Other Financial Income

0.1

-

-

Financial Income

0.1

0.1

0.1

    Interest and Other Debt Charges

0.0

-

-

    Other Financial Charges

0.0

-

-

Financial Charges

0.0

0.1

0.0

    Adjustments to Depreciation of and to Other Amounts Written Off Intangible and Tangible Fixed Assets

0.0

-

-

    Gain on Disposal of Fixed Assets

0.0

-

-

Extraordinary Income

0.0

0.0

0.0

    Loss on Disposal of Fixed Assets

0.0

-

-

Extraordinary Charges

0.0

0.0

-

    Transfer from Differed Taxes

0.0

0.0

0.0

    Income Taxes

0.1

-

-

Income Taxes

0.1

0.1

0.1

    Transfer to Untaxed Reserves

0.2

0.2

-

        To Other Reserves

-

0.8

-

    Transfers to Capital and Reserves

-

0.8

-

    Employees

13

12

12

 

 

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

 

 

 

 

    Intangible Assets

0.0

0.0

0.0

        Land & Buildings

0.7

0.8

0.8

        Plant, Machinery, and Equipment

0.0

0.0

0.0

        Furniture and Vehicles

0.2

0.2

0.2

    Tangible Assets

0.9

1.0

1.0

        Amounts Receivable and Cash Guarantees

0.0

-

-

        Other Capital Assets

0.0

-

-

    Capital Assets

0.0

0.0

0.0

Fixed Assets

1.0

1.0

1.1

        Goods Purchased for Resale

0.9

-

-

        Stocks

0.9

1.0

0.8

    Inventory and Orders in Progress

0.9

1.0

0.8

        Trade Debtors

2.4

2.2

1.9

        Other Amounts Receivable

0.1

0.1

0.1

    Amounts Receivable Within One Year

2.5

2.3

2.0

        Other Investments and Deposits

0.3

-

-

    Investments

0.3

0.2

0.1

    Liquid Assets

2.1

2.3

3.1

    Adjustment Accounts

0.0

0.0

0.0

Current Assets

5.8

5.7

6.0

Total Assets

6.8

6.8

7.1

        Issued Capital

0.1

0.1

0.1

    Capital

0.1

0.1

0.1

        Legal Reserve

0.0

0.0

0.0

        Untaxed Reserves

0.7

0.5

0.4

    Reserves

0.7

0.5

0.4

        Other Liabilities and Charges

0.0

-

-

        Provisions for Liabilities and Charges

0.0

-

-

        Deferred Taxation

0.0

0.1

0.1

    Provisions and Deferred Taxes

0.1

0.1

0.1

Capital and Reserves

4.5

4.1

4.5

        Credit Institutions

0.3

-

-

        Financial Debts

0.3

0.4

0.5

    Amounts Due After More Than One Year

0.3

0.4

0.5

        Current Portion of Amounts Payable After More Than One Year

0.1

0.1

0.1

        Suppliers

1.5

1.9

1.7

        Trade Debts

1.5

1.9

1.7

        Taxes

0.0

0.0

0.1

        Remuneration and Social Security

0.1

0.1

0.1

        Taxes, Wages, and Social Security

0.1

0.1

0.2

        Other Amounts Payable

0.1

0.1

-

    Amounts Payable Within One Year

1.9

2.2

2.0

    Adjustment Accounts

0.0

0.0

0.0

Creditors

2.2

2.6

2.5

Total Liabilities + Shareholders' Equity

6.8

6.8

7.1

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

        Rs.60.95

UK Pound

1

Rs.101.37

Euro

1

Rs.84.89

 

 

INFORMATION DETAILS

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.