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Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
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Name : |
SHWEDIAM BVBA |
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Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.04.1989 |
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Com. Reg. No.: |
437233141 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
WHOLESALE
OF WATCHES AND JEWELLERY |
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|
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
|
Source
: CIA |
Business number 437233141
Company name SHWEDIAM BVBA
Address HOVENIERSSTRAAT
30 2018 ANTWERPEN
Number of staff 0
Date of establishment 11/04/1989
Telephone number 032268145
The business was established over 25 years ago.
No employees are recorded for this business.
The business has changed its registered name recently.
The business has been at the address for over 10 years.
Pre-tax profits increased by 349% compared to the previous trading period.
The business saw a decrease in their Cash Balance of 75% during the latest trading period
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2013 |
|
21,189 |
567,639 |
892,393 |
|
31/12/2012 |
7,835,045 |
4,718 |
553,311 |
892,125 |
|
31/12/2011 |
|
6,354 |
543,112 |
880,706 |
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2013 |
4,974,067 |
0 |
18,600 |
25,258 |
|
31/12/2012 |
4,119,336 |
0 |
18,600 |
21,344 |
|
31/12/2011 |
4,482,452 |
0 |
18,600 |
15,817 |
Business number 437233141
Company name SHWEDIAM BVBA
Date founded 11/04/1989
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity code 46480
Liable for VAT yes
Activity description Wholesale of
watches and jewellery
Annual
accounts 31-12-2013 % 31-12-2012 % 31-12-2011 Industry
average 2013 %
Weeks 52 52 52
Currency EUR EUR EUR
Turnover - - 7,835,045 - - 49,146,979 -
Total operating expenses - - 7,725,087 - - 48,707,090 -
Operating result 99,385 -9.61 109,957 27.43 86,287 94,492 5.18
Total financial income 12,898 23131 56 -80.03 278 42,695 -69.79
Total financial expenses 91,094 -13.49 105,294 31.27 80,211 100,196 -
9.08
Results on ordinary operations after
15,006 1435 977 -72.93 3,611 -40,088 37.43
taxation
Taxation 6,183 65.28 3,741
36.38 2,743 97,180 -93.64
Results on ordinary operations after 15,006 1435 977 -72.93 3,611 -40,088
37.43
taxation
Extraordinary items -679 -107 9,222 2799 318 4,246 -115
Other appropriations 0 - 0.00 - 0 - -
Net result 14,327 40.47 10,199 159 3,929 -35,474 40.39
other information
Gross Operating Margin - - - - 100,319 59,784 -
Dividends - - - - - 162,110 -
Director remuneration - - - - - 106,928 -
Employee costs - - - - - 219,864 -
Wages and salary - - - - - 166,812 -
Employee pension costs - - - - - 1,408 -
Social security contributions - - - - - 43,390 -
Other employee costs 0 - 0 - 0 8,281 -100
Amortization and depreciation 10,931 -1.92 11,145 -6.25 11,888 24,246 -54.92
Annual
accounts 31-12-2013 % 31-12-2012 % 31-12-2011
Industry
average 2013 %
Currency EUR EUR EUR
Intangible fixed assets 0 - 0 - 0 4,951 -100
Tangible fixed assets 110,312 -4.85 115,939 -8.07 126,120 185,438 -40.51
Land & building 99,278 -4.76 104,242 -4.55 109,206 350,417 -71.67
Plant & machinery 4,846 29.40 3,745 50.22 2,493 22,031 -78.00
Furniture & Vehicles 6,189 -22.17 7,952 -44.86 14,422 23,612 7,952 -73.79
Leasing&
Other Similar Rights - - - - -
267,470
30,853 --
Other tangible assets -1 - 0 0 -1 9,058 -100
Financial fixed assets - - - - - 286,245 -
Total fixed assets 110,312 -4.85 115,939 -8.07 126,120 346,433 -68.16
Inventories 2,687,179 1.20 2,655,273 -28.19 3,697,590 1,007,158 166
Raw materials & consumables - - - - - 6,378,985 -
Work in progress 0 - 0 - 0 0 -
Finished goods 0 -100 2,655,273 - 0 365,188 -100
Other stocks 2,687,179 - 0 -100 3,697,590 328,481 718
Trade debtors 2,142,790 66.34 1,288,185 111 610,189 1,569,227 36.55
Cash 11,657 -75.60 47,770 52.64 31,296 175,037 -93.34
other amounts receivable 12,596 310 3,067 -31.46 4,475 429,927 -97.07
Miscellaneous current assets 9,533 4.74 9,102 -28.79 12,782 80,400 -88.14
Total current assets 4,863,755 21.49 4,003,397 -8.10 4,356,332 3,007,570 61.72
Total Assets
4,974,067 20.75 4,119,336 -8.10 4,482,452 3,298,941
316,102 50.78
Trade creditors 2,647,917 40.29 1,887,527 -19.53 2,345,559 1,104,550 139
Short term group loans - - - - - - -
Financial debts 1,301,391 9.40 1,189,579 12.03 1,061,857 2,408,371
27,487 -45.96
Current
portion of long term debt - -
- - - 128,626
16,753
--
Amounts
Payable for Taxes,
Remuneration&
Social Security 13,299 -16.99 16,020 79.36
8,932 9,881 -
-87.93
Miscellaneous current liabilities 8,755 -51.75 18,147 -69.39 59,278 -94.37 --
Total current liabilities 3,971,362 27.64 3,111,272 -10.48 3,475,626 2,115,559 87.72
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans - - - - - - --
Deffered taxes - - - - - 27,320 21,654 -
Provisions for Liabilities & Charges 0 - 0 - 0 25,294 0 -100
Other long term liabilities 435,066 -4.33 454,752 -1.93 463,714 53,109 719
Total long term debts 435,066 -4.33 454,752 -1.93 463,714 572,961 -24.07
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans - - - - - - --
Deffered taxes - - - - - 27,320 21,654 -
Provisions for Liabilities & Charges 0 - 0 - 0 25,294 0 -100
Other long term liabilities 435,066 -4.33 454,752 -1.93 463,714 53,109 719
Total long term debts 435,066 -4.33 454,752 -1.93 463,714 572,961 -24.07
Annual
accounts
31-12-2013 change(%) 31-12-2012 change(%)
31-12-2011 Industry
average 2013 %
Trading performance
Profit Before Tax - - 0.06 - - -13,00 -
Return on capital employed 2.11 348 0.47 -25.40 0.63 36,00 -94.14
Return on total assets
Employed 0.43
290 0.11 -21.43 0.14 11,00 -96.09
Return on net assets employed 3.73 338 0.85 -27.35 1.17 3,00 24.33
Sales / net working capital - - 8.78 - - -84,00 -
Stock turnover ratio - - 33.89 - - 44,00 -
Debtor days - - 60.01 - - 303,18 -
Creditor days - - 89.18 - - 260,84 -
short term stability
Current ratio 1.22 -5.43 1.29 3.20 1.25 20,00 -86.44
Liquidity ratio / acid ratio 0.55 27.91 0.43 126 0.19 16,00 -96.56
Current debt ratio 7 24.56 5.62 -12.19 6.40 9,00 -22.22
Liquidity ratio reprocessed - - - - - - -
long term stability
Gearing 229.26 6.64 214.99 9.96 195.51 87,00 163
Equity in percentage 11.41 -15.04 13.43 10.81 12.12 -286,00 3.99
Total debt ratio 7.76 20.50 6.44 -11.17 7.25 10,00 -22.40
Activity code 46480
Activity description Wholesale of
watches and jewellery
Payment expectations
Company result -
Lower 125.80
Median 58.09
Upper 18.49
Day sales outstanding
Company result -
Lower 124.23
Median 55.60
Upper 22.11
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Court Data
There Is No Data For This Company
Name SHAILESHKUMAR
ANOPCHAND SHAH
Position PrincipalManager
Start Date 19/08/2010
Street 158 BELGIËLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.68 |
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UK Pound |
1 |
Rs.96.94 |
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Euro |
1 |
Rs.77.36 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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.