|
Report Date : |
04.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
LE CERCLE DU CACAO SPRL |
|
|
|
|
Registered Office : |
Rue Gachard 88, 1050 Bruxelles |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.02.2012 |
|
|
|
|
Com. Reg. No.: |
843535556 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Commercial Service [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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) |
|
|
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 843535556
Company name LE CERCLE DU CACAO
SPRL
Address RUE GACHARD 88
1050 BRUXELLES
Number of staff 0
Date of establishment 07/02/2012
Telephone number 027317360
No employees are
recorded for this business.
The business has
been at the address for over 2 years.
Net Worth is a
negative amount during the latest trading period.
Working Capital is
a negative amount during the latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
-- |
-52,819 -3,257 |
-21,722 |
|
|
|
|
|
|
Accounts DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES
CAPITAL |
CASHFLOW |
|
31/12/2013 |
39,517 |
0 50,000 |
-40,682 |
|
|
|
|
|
|
Payment expectations |
|||
|
Past payments |
|
Payment expectation days |
-- |
|
Industry average payment
expectation days |
132.63 |
Industry average day sales
outstanding |
12404.90 |
|
Day sales outstanding |
|
|
|
|
Court data summary |
|||
|
BANKRUPTCY DETAILS |
|||
|
Court action type |
no |
|
|
|
PROTESTED BILLS |
|||
|
Bill amount |
- |
|
|
|
NSSO DETAILS |
|
|
|
|
Date of summons |
- |
|
|
|
Business
number |
843535556 |
Company
name |
LE CERCLE
DU CACAO |
|
|
|
|
SPRL |
|
Fax number |
|
Date
founded |
07/02/2012 |
|
Company
status |
active |
Company
type |
Private
Limited Company |
|
|
|
|
(BL/LX) |
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2013 |
|
Activity
code |
82990 |
Liable for
VAT |
Yes |
|
Activity
description |
Other
commercial services, n.e.c. |
VAT Number |
BE.0843.535.556 Check |
|
Belgian
Bullettin of Acts Publications |
moniteur
beige |
|
|
PROFIT & LOSS
|
Annual accounts |
31-12-2013 |
% |
% |
Industry average 2013 |
% |
|
Weeks |
99 |
|
|
- |
|
|
Currency |
EUR |
|
|
- |
|
|
Turnover |
- |
- |
-
- |
- 3,379,356 |
- |
|
Total
operating expenses |
- |
- |
-
- |
- 3,277,027 |
- |
|
Operating
result |
-52,803 |
- |
-
- |
- 46,587 |
-213 |
|
Total
financial income |
287 |
- |
-
- |
- 273,690 |
-99 |
|
Total
financial expenses |
303 |
- |
-
- |
- 67,222 |
-99 |
|
Results on
ordinary operations before taxation |
-52,819 |
- |
-
- |
- 217,177 |
-124 |
|
Taxation |
439 |
- |
-
- |
- 31,082 |
-98.59 |
|
Results on
ordinary operations after taxation |
-53,257 |
- |
-
- |
- 193,366 |
-127 |
|
Extraordinary
items |
0 |
- |
-
- |
- 108,592 |
-100 |
|
Other
appropriations |
0.00 |
|
|
|
- |
|
Net result |
-53,257 |
- |
- |
- 302,496 |
-117 |
|
Gross
Operating Margin |
-38,239 |
- |
- |
- 105,073 |
-136 |
|
Dividends |
- |
- |
- |
- 1,034,911 |
- |
|
Director
remuneration |
- |
- |
- |
- 736,764 |
- |
|
Employee
costs |
- |
- |
- |
- 817,962 |
- |
|
Wages and salary |
- |
- |
- |
- 676,854 |
- |
|
Employee pension costs |
- |
- |
- |
- 114,375 |
- |
|
Social security contributions |
- |
- |
- |
- 209,351 |
- |
|
Other employee costs |
0 |
- |
- |
- 11,932 |
-100 |
|
Amortization
and depreciation |
12,576 |
- |
- |
- 52,668 |
-76.12 |
BALANCE SHEET
|
Annual accounts |
31-12-2013 |
% |
% |
Industry average
2013 |
% |
|
Weeks |
99 |
-- |
-- |
-- |
-- |
|
Currency |
EUR |
-- |
-- |
-- |
-- |
|
Intangible fixed assets |
0 |
-- |
-- |
48,749 |
-100 |
|
Tangible fixed assets |
18,465 |
-- |
-- |
456,506 |
-95.96 |
|
Land & building |
-- |
-- |
-- |
693,504 |
-- |
|
Plant & machinery |
-- |
-- |
-- |
72,875 |
-- |
|
Furniture & Vehicles |
18,465 |
-- |
-- |
27,071 7,358 |
-31.79 |
|
Leasing & Other Similar
Rights |
-- |
-- |
-- |
177,930 13,815 |
-- |
|
Other tangible assets |
0 |
-- |
-- |
29,601 |
-100 |
|
Financial fixed assets |
-- |
-- |
-- |
14,851,685 |
-- |
|
Total fixed assets |
18,465 |
-- |
-- |
7,723,372 |
-99 |
|
Inventories |
780 |
-- |
-- |
337,842 |
-99 |
|
Raw materials &
consumables |
-- |
-- |
-- |
266,590 |
-- |
|
Work in progress |
0 |
-- |
-- |
10,877 |
-100 |
|
Finished goods |
0 |
-- |
-- |
12,057 |
-100 |
|
Other stocks |
780 |
-- |
-- |
20,219 |
-96.14 |
|
Trade debtors |
2,472 |
-- |
-- |
167,580 |
-98.52 |
|
Cash |
12,207 |
-- |
-- |
410,474 |
-97.03 |
|
other amounts receivable |
3,893 |
-- |
-- |
580,823 |
-99 |
|
Miscellaneous current assets |
1,701 |
-- |
-- |
265,565 |
-99 |
|
Total current assets |
21,052 |
-- |
-- |
1,448,606 |
-98.55 |
|
Total Assets |
39,517 |
-- |
-- |
8,448,750 249,941 |
-99 |
CURRENT LIABILITIES
|
Trade creditors |
5,867 |
-- |
-- |
-112,921 |
-94.80 |
|
Short term group loans |
-- |
-- |
-- |
-- |
-- |
|
Financial debts |
-- |
-- |
-- |
-542,978 9,818 |
-- |
|
Current portion of long term
debt |
-- |
-- |
-- |
-123,065 17,700 |
-- |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
2,339 |
-- |
-- |
-8,027 -- |
-96.06 |
|
Miscellaneous current
liabilities |
34,568 |
-- |
-- |
-94.00 |
-- |
|
Total current liabilities |
42,774 |
-- |
-- |
-890,501 |
-95.20 |
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
Long term group loans |
-- |
-- |
-- |
-- |
-- |
|
Other long term loans |
-- |
-- |
-- |
-- |
-- |
|
Deffered taxes |
-- |
-- |
-- |
-103,149 20,831 |
-- |
|
Provisions for Liabilities
& Charges |
0 |
-- |
-- |
-43,990 0 |
-100 |
|
Other long term liabilities |
0 |
-- |
-- |
-56,470 |
-100 |
|
Total long term debts |
0 |
|
|
|
|
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
Issued share capital |
50,000 |
-- |
-- |
-5,565,507 |
-99 |
|
Share premium account |
-- |
-- |
-- |
-18,107,510 |
-- |
|
Reserves |
-53,257 |
-- |
-- |
-966,578 |
-105 |
|
Revaluation reserve |
-- |
-- |
-- |
-1,782,319 |
-- |
|
Total shareholders equity |
-3,257 |
-- |
-- |
-7,081,366 |
-100 |
|
Working capital |
-21,722 |
-- |
-- |
558,105 |
-103 |
|
Cash flow |
-40,682 |
-- |
-- |
-347,123 |
-111 |
|
Net worth |
-3,257 |
-- |
-- |
-7,009,975 |
-100 |
RATIO ANALYSIS
|
Annual accounts |
31-12-2013 |
% |
% |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
Profit Before Tax |
-- |
-- |
-- |
- 429,00 |
- |
|
Return on capital employed |
1621.47 |
-- |
-- |
-,69,00 |
2249 |
|
Return on total assets
employed |
-133.66 |
-- |
-- |
-22,00 |
-507 |
|
Return on net assets
employed |
1621.47 |
-- |
-- |
- 70,00 |
2216 |
|
Sales / net working capital |
-- |
-- |
-- |
- 7,00 |
-- |
|
Stock turnover ratio |
-- |
-- |
-- |
- 71,00 |
-- |
|
Debtor days |
-- |
-- |
-- |
- 12.404,90 |
-- |
|
Creditor days |
-- |
-- |
-- |
- 132,63 |
-- |
|
SHORT TERM STABILITY |
|
-- |
-- |
|
|
|
Current ratio |
0.49 |
-- |
-- |
- 211,00 |
-83.67 |
|
Liquidity ratio / acid ratio |
0.47 |
-- |
-- |
- 211,00 |
-99 |
|
Current debt ratio |
-13.13 |
-- |
-- |
- 3,00 |
-537 |
|
Liquidity ratio reprocessed |
-- |
-- |
-- |
|
-- |
|
LONG TERM STABILITY |
|
-- |
-- |
|
|
|
Gearing |
-- |
-- |
-- |
- 374,00 |
-- |
|
Equity in percentage |
-8.24 |
-- |
-- |
- -335,00 |
2.46 |
|
Total debt ratio |
-13.13 |
-- |
-- |
- 5,00 |
.362 |
|
Industry
comparison |
||
|
Activity
code |
82990 |
|
|
Activity
description |
Other
commercial services n.e.c. |
|
|
Industry
average payment expectation days |
132.63 |
|
|
Industry average day sales
outstanding |
12404.90 |
|
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
-- |
|
Lower |
118.99 |
|
Median |
60.51 |
|
Upper |
28.84 |
|
Day sales outstanding |
|
|
Company result |
-- |
|
Lower |
79.54 |
|
Median |
34.21 |
|
Upper |
11.03 |
Group
Structure
No group structure for this company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
DIRECTOR DETAILS
Current Director Details
Name NICOLE NELLY
MARTHE REGOUT
Position Principal Manager
Start Date 19/06/2014
Street 17 MOORSELBOSLAAN
TERVUREN
Post code 3080
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.