|
Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANI IMPEX B.V.B.A. BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12/03/2008 |
|
|
|
|
Com. Reg. No.: |
896518243 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
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 |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
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 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 896518243
Company name MANI IMPEX B.V.B.A. BVBA
Address HOVENIERSSTRAAT 2
2018 ANTWERPEN
Number of staff 0
Date of establishment 12/03/2008
Telephone number 032313313
Fax number 032313313
The business was established over 6 years ago.
The business has 1 employees.
The business has changed its registered name recently.
The business has been at the address for over 5 years.
Operating Result in the latest trading period increased 62% on the previous trading period.
The business saw a decrease in their Cash Balance of 50% during the latest trading period
DATE OF LATEST ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2013 12,126,182 49,103 715,151 646,783
31/12/2012 10,623,744 42,909 692,486 621,557
31/12/2011 10,474,999 32,572 69,097 66,927
DATE OF LATEST ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 5,858,821 0 587,000 56,906
31/12/2012 5,653,944 0 606,000 87,433
31/12/2011 3,162,468 0 19,000 25,677
Past payments Payment expectation days 76.61
Industry average payment 125.36 Industry average day sales 143.67
expectation days
outstanding
Day sales outstanding 134.35
Court data summary
BANKRUPTCY DETAILS
Court action type no
|
Business number |
896518243 |
Company name |
MANI IMPEX B.V.B.A. BVBA |
|
Fax number |
032313313 |
Date founded |
12/03/2008 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0896.518.243 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Social
Balance Sheet |
Total |
|
|
|
During the reporting year
ended 31-12-2013 |
|||
|
Full-time
Employees |
1 |
|
|
|
Part-time
Employees |
0 |
|
|
|
Total Fte
Employees |
1 |
|
|
|
|
|||
|
Number of
hours worked |
|||
|
Full-time
Employees |
782 |
|
|
|
Part-time
Employees |
84 |
|
|
|
Total |
866 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
15,850 |
|
|
|
Part-time
Employees |
1,603 |
|
|
|
Total |
17,452 |
|
|
|
|
|||
|
Type of
Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration -Contracts |
- |
1 |
1 |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
White collar worker |
- |
1 |
1 |
Joint Industrial Committee (JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
Significant Events
Event Date 13/02/2014
Event Description
Event Details Bride Crown
Jewellery L.L.C. schrijft in op de 695 nieuwe aandelen.
|
Annual accounts |
31-12-2013 |
|
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
12,126,182 |
14.14 |
10,623,744 |
1.42 |
10,474,999 |
61,431,217 |
-80.26 |
|
Total operating expenses |
11,970,406 |
13.70 |
10,527,741 |
0.91 |
10,432,588 |
60,869,062 |
-80.33 |
|
Operating result |
155,776 |
62.26 |
96,003 |
126 |
42,411 |
176,440 |
-11.71 |
|
Total financial income |
2 |
143 |
1 |
- |
- |
62,358 |
-99 |
|
Total financial expenses |
106,674 |
100 |
53,094 |
439 |
9,839 |
186,452 |
-42.79 |
|
Results on ordinary operations before taxation |
49,103 |
14.43 |
42,909 |
31.74 |
32,572 |
53,574 |
-8.35 |
|
Taxation |
7,438 |
14.06 |
6,521 |
-19.32 |
8,082 |
23,512 |
-68.37 |
|
Results on ordinary operations after taxation |
41,665 |
14.50 |
36,389 |
48.59 |
24,489 |
36,582 |
13.89 |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
7,195 |
-100 |
|
Other appropriations |
0 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
41,665 |
14.50 |
36,389 |
48.59 |
24,489 |
43,936 |
-5.17 |
|
OTHER
INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
191,782 |
20.92 |
158,607 |
218 |
49,779 |
36,147 |
430 |
|
Dividends |
- |
- |
- |
- |
- |
221,730 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
128,969 |
- |
|
Employee costs |
17,452 |
93.52 |
9,018 |
116 |
4,162 |
147,787 |
-88.19 |
|
Wages and salary |
14,191 |
94.34 |
7,302 |
102 |
3,598 |
115,593 |
-87.72 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
1,459 |
- |
|
Social
security contributions |
2,938 |
96.49 |
1,495 |
193 |
509 |
28,801 |
-89.80 |
|
Other
employee costs |
324 |
46.67 |
221 |
306 |
54 |
2,721 |
-88.09 |
|
Amortization and depreciation |
15,241 |
-70.14 |
51,044 |
4198 |
1,187 |
17,621 |
-13.51 |
|
Annual
accounts |
31-12-2013 |
|
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
1,524 |
-100 |
|
|
Tangible fixed assets |
322,113 |
-5.16 |
339,655 |
15555 |
2,170 |
196,728 |
63.74 |
|
|
Land &
building |
302,720 |
-3.76 |
314,560 |
- |
- |
392,235 |
-22.82 |
|
|
Plant &
machinery |
- |
- |
- |
- |
- |
28,340 |
- |
|
|
Furniture
& Vehicles |
- |
- |
795 |
-54.10 |
1,731 |
15,321 4,196 |
- |
|
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
41,563 20,725 - |
|
|
|
Other
tangible assets |
19,393 |
-20.19 |
24,300 |
5442 |
438 |
9,006 |
115 |
|
|
Financial fixed assets |
- |
- |
- |
- |
- |
245,756 |
- |
|
|
Total fixed assets |
322,113 |
-5.16 |
339,655 |
15555 |
2,170 |
353,085 |
-8.77 |
|
|
Inventories |
955,030 |
113 |
447,852 |
378 |
93,546 |
3,143,201 |
-69.62 |
|
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,018,384 |
- |
|
|
Work in
progress |
0 |
- |
0 |
- |
0 |
1,386 |
-100 |
|
|
Finished
goods |
0 |
- |
0 |
- |
0 |
2,109,524 |
-100 |
|
|
Other
stocks |
955,030 |
113 |
447,852 |
378 |
93,546 |
445,102 |
114 |
|
|
Trade debtors |
4,463,468 |
-3.64 |
4,632,101 |
80.58 |
2,565,145 |
4,217,723 |
5.83 |
|
|
Cash |
115,405 |
-50.57 |
233,455 |
-52.43 |
490,711 |
563,374,375 |
-99 |
|
|
other amounts receivable |
2,805 |
217 |
882 |
-91.90 |
10,897 |
212,395 |
-98.68 |
|
|
Miscellaneous current assets |
0 |
- |
0 |
- |
0 |
-554,254,084 |
0 |
|
|
Total current assets |
5,536,708 |
4.19 |
5,314,290 |
68.16 |
3,160,299 |
7,268,838 |
-23.83 |
|
|
Total Assets |
5,858,821 |
3.62 |
5,653,944 |
78.78 |
3,162,468 |
7,582,241
1,199,700 |
-22.73 |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Trade creditors |
2,512,330 |
-1.29 |
2,545,255 |
-16.32 |
3,041,552 |
2,994,881 |
-16.11 |
|
|
Short term group loans |
|
|
|
|
|
|
|
|
|
Financial debts |
2,147,456 |
12.17 |
1,914,543 |
- |
- |
4,593,055 122,063 |
-53.25 |
|
|
Current portion of long term debt |
14,980 |
4.41 |
14,347 |
- |
- |
83,922 13,806 |
-82.15 |
|
|
Amounts
Payable for Taxes, Remuneration & Social Security |
9,735 |
50.12 |
6,485 |
-23.13 |
8,436 |
7,922 - |
-67.34 |
|
|
Miscellaneous current liabilities |
205,424 |
-3.15 |
212,103 |
388 |
43,383 |
-11.59 |
-- |
|
|
Total current liabilities |
4,889,925 |
4.20 |
4,692,733 |
51.70 |
3,093,371 |
5,210,818 |
-6.16 |
|
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long term loans |
253,746 |
-5.57 |
268,726 |
- |
- |
-77.27 |
-- |
|
|
Deffered taxes |
- |
- |
- |
- |
- |
58,297 69,470 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
5,247 0 |
-100 |
|
|
Other long term liabilities |
-1 |
- |
0 |
- |
0 |
244,443 |
-100 |
|
|
Total long term debts |
253,745 |
-5.57 |
268,726 |
- |
0 |
665,421 |
-61.87 |
|
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
|
Issued share capital |
587,000 |
-3.14 |
606,000 |
3089 |
19,000 |
1,025,880 |
-42.78 |
|
|
Share premium account |
- |
- |
- |
- |
- |
86,926 |
- |
|
|
Reserves |
128,151 |
48.18 |
86,486 |
72.64 |
50,097 |
647,046 |
-80.19 |
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
907,399 |
- |
|
|
Total shareholders equity |
715,151 |
3.27 |
692,486 |
902 |
69,097 |
1,696,038 |
-57.83 |
|
|
Working capital |
646,783 |
4.06 |
621,557 |
828 |
66,927 |
2,058,019 |
-68.57 |
|
|
Cashflow |
56,906 |
-34.91 |
87,433 |
240 |
25,677 |
58,315 |
-2.42 |
|
|
Net worth |
715,151 |
3.27 |
692,486 |
902 |
69,097 |
1,694,514 |
-57.80 |
|
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.40 |
0 |
0.40 |
29.03 |
0.31 |
-8,00 |
5.00 |
|
Return on
capital employed |
5.07 |
13.68 |
4.46 |
-90.54 |
47.14 |
-14,00 |
36.21 |
|
Return on total assets employed |
0.84 |
10.53 |
0.76 |
-26.21 |
1.03 |
-5,00 |
16.80 |
|
Return on
net assets employed |
6.87 |
10.81 |
6.20 |
-86.85 |
47.14 |
-15,00 |
45.80 |
|
Sales / net working capital |
18.75 |
9.71 |
17.09 |
-89.08 |
156.51 |
167,00 |
-99 |
|
Stock turnover ratio |
7.88 |
86.73 |
4.22 |
374 |
0.89 |
50,00 |
-84.24 |
|
Debtor days |
134.35 |
-15.58 |
159.15 |
78.06 |
89.38 |
143,67 |
-6.49 |
|
Creditor days |
76.61 |
-13.18 |
88.24 |
-17.08 |
106.41 |
125,36 |
-38.89 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
Current ratio |
1.13 |
0 |
1.13 |
10.78 |
1.02 |
4,00 |
-92.47 |
|
Liquidity ratio / acid ratio |
0.94 |
-9.62 |
1.04 |
5.05 |
0.99 |
3,00 |
-68.67 |
|
Current debt ratio |
6.84 |
0.88 |
6.78 |
-84.86 |
44.77 |
15,00 |
-54.40 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
337.86 |
6.46 |
317.35 |
- |
- |
251,00 |
34.61 |
|
Equity in percentage |
12.21 |
-0.33 |
12.25 |
461 |
2.18 |
-256,00 |
4.77 |
|
Total debt ratio |
7.19 |
0.42 |
7.16 |
-84.01 |
44.77 |
16,00 |
-55.06 |
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit 64.48
rating
Industry average credit 140177.31
limit
Payment expectations
Payment expectation days 76.61
Day sales outstanding 134.35
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment 125.36
expectation days
Industry average day sales 143.67
outstanding
Industry quartile analysis
Payment expectations
Company result 76.61
Lower 125.63
Median 77.57
Upper 48.73
Day sales outstanding
Company result 134.35
Lower 105.23
Median 54.34
Upper 25.06
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Summons
There is no data for this company
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
Current director details
Name MAYUR KISHORBHAI
SHAH
Position Principal Manager
Start Date 13/02/2014
Date of birth 26/06/1974
Street 38 QUINTEN
MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
Position Non Statutory
Partner
Start Date 13/02/2014
Date of birth 26/06/1974
Street 38 QUINTEN
MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
Name KESHAVLAL AMRUTLAL
SHAH
Position Principal Manager
Start Date 09/12/2009
Street 35 QUINTEN
MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
Position Non Statutory
Partner
Start Date 12/03/2008
Street 35 QUINTEN
MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.