|
Report No. : |
353516 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SONNA IMPORT-EXPORT BVBA |
|
|
|
|
Registered Office : |
Orchideeënlaan 43A, 3930 Hamont-Achel |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.10.1989 |
|
|
|
|
Com. Reg. No.: |
438669236 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of wearing apparel, except work and underwear. |
|
|
|
|
No. of Employees : |
17 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
budget deficit was 3.2% of GDP. 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 a
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 438669236
Branche Unit Number 2045500465
Company name SONNA IMPORT -
EXPORT BVBA
Address Orchideeënlaan 43a
3930 Hamont-Achel
Number of staff 17
Date of establishment 16/10/1989
Telephone number 011537783
Fax number 032262083
The
business was established over 26 years ago.
The
business has 17 employees.
The
business has been at the address for over 23 months.
Operating
Result in the latest trading period increased 48% on the previous trading
period.
ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
|
262,703 |
824,317 |
616,982 |
|
31/12/2013 |
|
246,226 |
753,271 |
574,154 |
|
31/12/2012 |
|
117,148 |
696,342 |
484,821 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
5,386,616 |
17 |
18,592 |
325,209 |
|
31/12/2013 |
4,641,881 |
13 |
18,592 |
324,444 |
|
31/12/2012 |
3,836,504 |
12 |
18,592 |
152,728 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
-- |
|
|
Industry average payment expectation days |
111.73 |
Industry
average day sales outstanding |
81.45 |
|
|
Day sales outstanding |
-- |
|
|
|
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business
number |
438669236 |
Company name |
SONNA
IMPORT - EXPORT |
|
|
|
|
BVBA |
|
Fax number |
032262083 |
Date founded |
16/10/1989 |
|
Company
status |
active |
Company type |
Private
limited liability company |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2014 |
|
Activity code |
46423 |
Liable
for VAT |
Yes |
|
Activity
description |
Wholesale
of wearing apparel, except work and underwear |
VAT Number |
BE.0438.669.236
Check VAT number |
|
Belgian
Bullettin of Acts |
moniteur belge |
|
|
Joint Industrial Committee (JIC)
|
|
|
JIC Code |
109 |
|
Description
category |
JC for the industry of the clothing and garments firms |
|
|
|
|
JIC Code |
215 |
|
Description
category |
JC for the employees in the cloting and garments firms |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
796,760 |
-11.49 |
900,225 |
-13.70 |
1,043,106 |
-11.08 |
1,173,114 |
-10.42 |
1,309,594 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
769,776 |
-12.85 |
883,271 |
-12.89 |
1,014,019 |
-11.22 |
1,142,170 |
-11.12 |
1,285,031 |
|
Land
& building |
335,611 |
-7.88 |
364,305 |
-7.33 |
393,140 |
-6.87 |
422,125 |
-6.46 |
451,271 |
|
Plant
& machinery |
1,187 |
-48.18 |
2,290 |
-40.28 |
3,835 |
-26.72 |
5,234 |
-12.13 |
5,956 |
|
Furniture
& Vehicles |
12,979 |
-30.87 |
18,776 |
-54.48 |
41,243 |
-32.51 |
61,109 |
-36.48 |
96,201 |
|
Leasing
& Other Similar Rights |
420,000 |
-15.65 |
497,901 |
-13.53 |
575,801 |
-11.92 |
653,702 |
-10.65 |
731,602 |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
fixed assets |
26,983 |
59.15 |
16,954 |
-41.71 |
29,087 |
-6.00 |
30,944 |
25.98 |
24,564 |
|
Total
current assets |
4,589,856 |
22.67 |
3,741,655 |
33.95 |
2,793,398 |
91.34 |
1,459,885 |
3.49 |
1,410,699 |
|
Inventories |
2,289,522 |
67.93 |
1,363,418 |
-40.33 |
2,285,091 |
97.52 |
1,156,890 |
6.60 |
1,085,237 |
|
Raw
materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
stocks |
2,289,522 |
67.93 |
1,363,418 |
-40.33 |
2,285,091 |
97.52 |
1,156,890 |
6.60 |
1,085,237 |
|
Trade
debtors |
1,885,728 |
61.77 |
1,165,693 |
335 |
267,869 |
556 |
40,812 |
-53.17 |
87,151 |
|
Other
amounts receivable |
224,363 |
-81.05 |
1,184,049 |
461 |
210,851 |
19.95 |
175,776 |
0.84 |
174,314 |
|
Cash |
29,206 |
2.49 |
28,496 |
-3.10 |
29,407 |
-64.70 |
83,302 |
30.53 |
63,820 |
|
Miscellaneous
current assets |
161,038 |
- |
0 |
-100 |
180 |
-94.21 |
3,105 |
1654 |
177 |
|
Total
Assets |
5,386,616 |
16.04 |
4,641,881 |
20.99 |
3,836,504 |
45.71 |
2,632,999 |
-3.21 |
2,720,293 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
824,317 |
9.43 |
753,271 |
8.18 |
696,342 |
3.13 |
675,208 |
9.90 |
614,358 |
|
Issued share capital |
18,592 |
0 |
18,592 |
0 |
18,592 |
0 |
18,592 |
0 |
18,592 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
805,725 |
9.67 |
734,679 |
8.40 |
677,750 |
3.22 |
656,616 |
10.21 |
595,766 |
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
4,562,299 |
17.32 |
3,888,610 |
23.83 |
3,140,162 |
60.39 |
1,957,791 |
-7.03 |
2,105,935 |
|
Other long term loans |
589,425 |
-18.26 |
721,109 |
-13.28 |
831,584 |
-15.33 |
982,166 |
10.04 |
892,519 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
589,425 |
-18.26 |
721,109 |
-13.28 |
831,584 |
-15.33 |
982,166 |
10.04 |
892,519 |
|
Current portion of long term
debt |
91,684 |
-20.83 |
115,808 |
-7.82 |
125,638 |
3.55 |
121,337 |
1.93 |
119,044 |
|
Financial debts |
385,810 |
-1.50 |
391,674 |
30.43 |
300,303 |
22.56 |
245,031 |
63.35 |
150,000 |
|
Trade creditors |
1,951,497 |
1.17 |
1,928,946 |
23.83 |
1,557,695 |
257 |
435,589 |
39.21 |
312,898 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
114,519 |
24.64 |
91,881 |
-1.53 |
93,304 |
89.82 |
49,154 |
55.88 |
31,534 |
|
Miscellaneous current liabilities |
1,429,365 |
123 |
639,192 |
175 |
231,636 |
86.03 |
124,514 |
-79.25 |
599,939 |
|
Total current liabilities |
3,972,874 |
25.43 |
3,167,501 |
37.21 |
2,308,577 |
136 |
975,625 |
-19.60 |
1,213,416 |
|
Total Liabilities |
5,386,616 |
16.04 |
4,641,881 |
20.99 |
3,836,504 |
45.71 |
2,632,999 |
-3.21 |
2,720,293 |
|
RATIO
ANALYSIS |
|
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Return on capital employed |
18.58 |
11.26 |
16.70 |
117 |
7.67 |
159 |
2.96 |
-45.59 |
5.44 |
|
|
Return on total assets employed |
4.88 |
-7.92 |
5.30 |
73.77 |
3.05 |
63.98 |
1.86 |
-38.41 |
3.02 |
|
|
Return on net assets employed |
31.87 |
-2.51 |
32.69 |
94.35 |
16.82 |
131 |
7.26 |
-45.62 |
13.35 |
|
|
Sales / net working capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Stock turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Creditor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Debtor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.16 |
-1.69 |
1.18 |
-2.48 |
1.21 |
-19.33 |
1.50 |
29.31 |
1.16 |
|
|
Liquidity ratio / acid ratio |
0.58 |
-22.67 |
0.75 |
240 |
0.22 |
-29.03 |
0.31 |
14.81 |
0.27 |
|
|
Current debt ratio |
4.82 |
14.76 |
4.20 |
26.51 |
3.32 |
130 |
1.44 |
-27.27 |
1.98 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cashflow |
325,209 |
0.24 |
324,444 |
112 |
152,728 |
-26.66 |
208,255 |
9.58 |
190,056 |
|
|
Net worth |
824,317 |
9.43 |
753,271 |
8.18 |
696,342 |
3.13 |
675,208 |
9.90 |
614,358 |
|
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
Gearing |
129.43 |
-20.64 |
163.10 |
-9.68 |
180.59 |
-9.58 |
199.72 |
5.63 |
189.07 |
|
|
Equity in percentage |
15.30 |
-5.73 |
16.23 |
-10.58 |
18.15 |
-29.21 |
25.64 |
13.55 |
22.58 |
|
|
Total debt ratio |
5.53 |
7.17 |
5.16 |
14.41 |
4.51 |
55.52 |
2.90 |
-15.45 |
3.43 |
|
|
Working capital |
616,982 |
7.46 |
574,154 |
18.43 |
484,821 |
0.12 |
484,260 |
145 |
197,283 |
|
|
PROFIT
& LOSS |
|||||||||
|
Operating
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total
operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross
Operating Margin |
1,747,865 |
62.67 |
1,074,477 |
16.05 |
925,888 |
36.34 |
679,126 |
9.56 |
619,855 |
|
Operating
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
costs |
829,547 |
36.33 |
608,489 |
15.19 |
528,238 |
26.50 |
417,583 |
-2.99 |
430,463 |
|
Wages
and salary |
658,726 |
37.60 |
478,738 |
15.82 |
413,338 |
29.20 |
319,919 |
-2.82 |
329,200 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
149,812 |
28.04 |
117,009 |
18.35 |
98,867 |
7.38 |
92,069 |
-5.98 |
97,927 |
|
Other
employee costs |
21,009 |
64.87 |
12,743 |
-20.52 |
16,032 |
186 |
5,595 |
67.68 |
3,337 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
116,163 |
-10.31 |
129,515 |
-1.58 |
131,593 |
-10.73 |
147,405 |
-5.70 |
156,308 |
|
Operating
result |
457,295 |
48.47 |
308,008 |
27.75 |
241,111 |
147 |
97,333 |
-9.03 |
106,999 |
|
Total
financial income |
25,284 |
-66.31 |
75,048 |
126 |
33,067 |
-64.03 |
91,924 |
-26.56 |
125,172 |
|
Total
financial expenses |
219,876 |
60.69 |
136,830 |
-12.86 |
157,030 |
11.95 |
140,264 |
-6.57 |
150,127 |
|
Results
on ordinary operations before taxation |
262,703 |
6.69 |
246,226 |
110 |
117,148 |
139 |
48,993 |
-40.28 |
82,043 |
|
Extraordinary
Income |
- |
- |
- |
- |
826 |
-93.10 |
11,983 |
- |
- |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
37,227 |
|
Extraordinary
items |
- |
- |
0 |
-100 |
826 |
-93.10 |
11,983 |
32.19 |
-37,227 |
|
Results
for the Year Before Taxation |
262,703 |
6.69 |
246,226 |
108 |
117,974 |
93.48 |
60,976 |
36.06 |
44,816 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
53,657 |
4.60 |
51,298 |
-47.03 |
96,840 |
76519 |
126 |
-98.86 |
11,068 |
|
Results
on ordinary operations after taxation |
209,046 |
7.24 |
194,929 |
859 |
20,308 |
-58.44 |
48,866 |
-31.15 |
70,976 |
|
Net result |
209,046 |
7.24 |
194,929 |
822 |
21,134 |
-65.27 |
60,850 |
80.30 |
33,748 |
|
Profit
(Loss) for the Year to be appropiated |
209,046 |
7.24 |
194,929 |
822 |
21,134 |
-65.27 |
60,850 |
80.30 |
33,748 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2014 |
|
|
Full-time
Employees |
17 |
|
Part-time
Employees |
0 |
|
Total
Fte Employees |
17 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
25,664 |
|
Part-time
Employees |
1 |
|
Total |
25,665 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
829,546 |
|
Part-time Employees |
1 |
|
Total |
829,547 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
13 |
|
Actual
working hours |
20,566 |
|
Personnel
Charges |
608,489 |
|
Benefits In Addition To Wages |
- |
|
Type of
Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
17 |
1 |
17 |
Gender and
Education Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Secondairy
Education |
12 |
- |
12 |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Secondairy
Education |
5 |
1 |
5 |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
White Collar Worker
|
9 |
1 |
9 |
|
Blue Collar Worker |
8 |
- |
8 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
7 |
- |
7 |
|
Leavers |
3 |
- |
3 |
Industry
comparison
|
|
|
Activity code |
46423 |
|
Activity description |
Wholesale of wearing apparel, except work and underwear |
Payment
expectations
|
|
|
Industry comparison |
|
|
Activity code |
46423 |
|
Activity description |
Wholesale of wearing apparel, except work and underwear |
|
Industry average payment expectation days |
111.73 |
|
Industry average day sales outstanding |
81.45 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
-- |
|
Lower |
104.59 |
|
Median |
49.96 |
|
Upper |
16.56 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
-- |
|
Lower |
76.88 |
|
Median |
36.82 |
|
Upper |
8.71 |
Group
Structure
No group structure for this
company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interest found
Companies That
Match This Address
No companies match this address
|
Summons |
|
|
Legal event type |
Social Security Summons |
|
Event date |
09/02/1999 |
|
|
|
|
Court type |
Court Name |
|
Creditor's name |
3rd
party type |
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
CURRENT DIRECTOR
DETAILS
|
Position |
Permanent representative legal entity |
|
Start Date |
01/07/2014 |
|
|
|
|
Name |
Anna van Nunen |
|
Name |
Rajesh Modhvadia |
|
Position |
Permanent representative legal entity |
|
Start Date |
01/07/2003 |
|
Date of
birth |
23/01/1968 |
|
Street |
168 LEENDERWEG |
|
|
|
|
Name |
BARASON NV |
|
Position |
Manager |
|
Start Date |
01/07/2014 |
|
Name |
SITARA BVBA |
|
Position |
Manager |
|
Start Date |
01/07/2003 |
|
|
|
|
Name |
Balu
Modhvadia |
|
Position |
Manager |
|
Start Date |
01/07/2003 |
|
Street |
1 VAN
IMMERSEELSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
EURO |
1 |
Rs.73.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
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.