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Report No. : |
319742 |
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Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEERA GEMS BVBA |
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|
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Registered Office : |
Hoveniersstraat 2-Bus 594 2018 Antwerpen |
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|
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Country : |
Belgium |
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|
|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.11.2012 |
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|
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Com. Reg. No.: |
500862270 |
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|
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Legal Form : |
Private Limited Company (BL/LX) |
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LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
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|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Belgium |
A2 |
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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.
|
Source
: CIA |
Business
number 500862270
Branche
Unit Number 2214380336
Company
name MEERA GEMS BVBA
Address
HOVENIERSSTRAAT 2-BUS 594
2018 ANTWERPEN
Number
of staff 0
Date
of establishment 14/11/2012
Telephone
number 0487804961
Fax
number
No employees are recorded for this business.
The business has been at the address for over 8 months.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
7,731,514 |
42,241 |
45,896 |
44,459 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
3,498,190 |
0 |
20,000 |
27,080 |
|
|
|
|
Profitability |
- |
|
Liquidity |
- |
|
Net worth |
- |
|
Past payments |
|
Payment expectation days |
143.16 |
|
Industry average payment |
126.70 |
Industry average day sales outstanding |
185.83 |
|
expectation days |
|
|
|
|
Day sales outstanding |
158.22 |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount -
NSSO
DETAILS
Date of summons -
|
Business number |
500862270 |
Company name |
MEERA GEMS BVBA |
|
Fax number |
|
Date founded |
14/11/2012 |
|
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 |
VAT Number |
BE.0500.862.270 Check VAT |
|
|
other precious stones |
|
number |
|
Belgian Bullettin of Acts |
moniteur belge |
|
|
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
- |
|
Description |
- |
JOINT
INDUSTRIAL COMMITTEE (JIC)
Significant
Events
Event
Date 15/04/2014
Event
Description
Event Details Op de 2585 nieuwe aandelen wordt ingeschreven door de heer Patel Paresh.
|
ASSETS |
|
|
Annual
accounts |
31-12-2013 |
|
Weeks |
59 |
|
Currency |
EUR |
|
Total fixed assets |
1,437 |
|
Intangible fixed assets |
0 |
|
Tangible fixed assets |
1,437 |
|
Land & building |
- |
|
Plant & machinery |
- |
|
Furniture & Vehicles |
1,437 |
|
Leasing & Other Similar Rights |
- |
|
Other tangible assets |
0 |
|
Financial fixed assets |
- |
|
Total current assets |
3,496,753 |
|
Inventories |
138,569 |
|
Raw materials & consumables |
- |
|
Work in progress |
0 |
|
Finished goods |
0 |
|
Other stocks |
138,569 |
|
Trade debtors |
3,351,414 |
|
Other amounts receivable |
726 |
|
Cash |
6,045 |
|
Miscellaneous current assets |
0 |
|
Total Assets |
3,498,190 |
|
LIABILITIES |
|
|
Total shareholders equity |
45,896 |
|
Issued share capital |
20,000 |
|
Share premium account |
- |
|
Revaluation reserve |
- |
|
Reserves |
25,896 |
|
Provisions for Liabilities & Charges |
0 |
|
Deffered taxes |
- |
|
Creditors |
3,452,294 |
|
Other long term loans |
- |
|
Long term group loans |
- |
|
Other long term liabilities |
0 |
|
Total long term debts |
0 |
|
Current portion of long term debt |
- |
|
Financial debts |
- |
|
Trade creditors |
3,012,876 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
16,345 |
|
Miscellaneous current liabilities |
423,073 |
|
Total current liabilities |
3,452,294 |
|
Total Liabilities |
3,498,190 |
|
RATIO
ANALYSIS |
|
|
TRADING
PERFORMANCE |
|
|
Profit Before Tax |
0.55 |
|
Return on capital employed |
92.04 |
|
Return on total assets employed |
1.21 |
|
Return on net assets employed |
92.04 |
|
Sales / net working capital |
173.90 |
|
Stock turnover ratio |
1.79 |
|
Creditor days |
143.16 |
|
Debtor days |
158.22 |
|
SHORT
TERM STABILITY |
|
|
Current ratio |
1.01 |
|
Liquidity ratio / acid ratio |
0.97 |
|
Current debt ratio |
75.22 |
|
Liquidity ratio reprocessed |
- |
|
Cashflow |
27,080 |
|
Net worth |
45,896 |
|
LONG
TERM STABILITY |
|
|
Gearing |
- |
|
Equity in percentage |
1.31 |
|
Total debt ratio |
75.22 |
|
Working capital |
44,459 |
PROFIT & LOSS
|
Operating Income |
- |
|
Turnover |
7,731,514 |
|
Total operating expenses |
7,681,639 |
|
Gross Operating Margin |
51,869 |
|
Operating Charges |
- |
|
Employee costs |
- |
|
Wages and salary |
- |
|
Employee pension costs |
- |
|
Social security contributions |
- |
|
Other employee costs |
0 |
|
Director remuneration |
- |
|
Amortization and depreciation |
1,184 |
|
Operating result |
49,875 |
|
Total financial income |
0 |
|
Total financial expenses |
7,634 |
|
Results on ordinary operations before
taxation |
42,241 |
|
Extraordinary Income |
- |
|
Extraordinary Charges |
- |
|
Extraordinary items |
0 |
|
Results for the Year Before Taxation |
42,241 |
|
Other appropriations |
- |
|
Taxation |
16,345 |
|
Results on ordinary operations after
taxation |
25,896 |
|
Net result |
25,896 |
|
Profit (Loss) for the Year to
be appropiated |
25,896 |
|
Dividends |
- |
INDUSTRY
COMPARISON
Activity
code 46761
Activity
description Wholesale of diamonds and
other precious stones
industry
average
creditrating 64.48
Industry average
credit limit 140177.31
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
143.16 |
|
Day sales outstanding |
158.22 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
126.70 |
|
Industry average day sales outstanding |
185.83 |
INDUSTRY
QUARTILE ANALYSIS
Payment
expectations
Company
result 143.16
Lower
120.34
Median
74.61
Upper 45.69
DAY
SALES OUTSTANDING
Company
result 158.22
Lower 101.92
Median
54.08
Upper 24.12
SUMMARY
Group - Number of Companies 0
Linkages - Number of Companies 0
Number of Countries 0
GROUP
STRUCTURE
No group structure for this company.
MINORITY SHAREHOLDERS
No minority shareholders found
MINORITY
INTERESTS
No minority interests found
INDIVIDUAL
SHAREHOLDERS
SHAREHOLDER NAME
|
Forename |
Paresh |
Middle name |
- |
|
Surname |
Patel |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
29/05/2014(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
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SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Charlottalei |
House number |
51 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
COMPANIES THAT MATCH THIS ADDRESS
No Companies Match this address
SUMMARY
Group
- Number of Companies 0
Linkages
- Number of Companies 0
Number
of Countries 0
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 |
PARESH VALLABHBHAI PATEL |
|
Position |
Principal Manager |
|
Start Date |
08/04/2014 |
|
Street |
51 CHARLOTTALEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FORMER DIRECTOR DETAILS
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.