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Report No. : |
355218 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MADHAV GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 115 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
10.07.2013 |
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|
|
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Com. Reg. No.: |
536783251 |
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|
|
|
Legal Form : |
Private limited liability company |
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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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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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 – 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 |
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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 |
536783251 |
|
Branche Unit Number |
2221263475 |
|
Company name |
MADHAV GEMS BVBA |
|
Address |
HOVENIERSSTRAAT 2-BUS 115 |
|
|
2018 ANTWERPEN |
|
Number of staff |
- |
|
Date of establishment |
10/07/2013 |
|
Telephone number |
033346323 |
|
Fax number |
- |
The business was established over 2 years ago.
No employees are recorded for this business.
The business has been at the address for over 8 months.
The business has changed address 1 times in the last year.
Working Capital is a negative amount during the latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
|
3,212 |
21,212 |
-93,626 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
968,787 |
- |
18,600 |
4,574 |
Profitability -
Liquidity -
Net worth -
|
Past payments |
|
Payment expectation days |
- |
|
Industry average payment |
187.64 |
Industry average day sales outstanding |
194.53 |
|
expectation days |
|
|
|
|
Day sales outstanding |
- |
|
|
BANKRUPTCY
DETAILS
Court action type No
PROTESTED
BILLS
Bill amount -
NSSO
DETAILS
Date of summons -
|
Business number |
536783251 |
Company name |
MADHAV GEMS BVBA |
|
Fax number |
- |
Date founded |
10/07/2013 |
|
Company status |
active |
Company type |
Private limited liability |
|
|
|
|
company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0536.783.251 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
Registered
contractor number |
-- |
|
Contractor
description |
-- |
|
Date
struck off register |
|
|
|
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
|
|
Description |
|
|
|
|
|
JOINT
INDUSTRIAL COMMITTEE (JIC) |
|
|
---- |
|
|
SIGNIFICANT
EVENTS |
|
|
Event
Date |
14/10/2014 |
|
Event
Description |
|
|
Event
Details |
Rectificatie akte dd
10-7-2013; in de oprichtingsakte staat verkeerdelijk vermeld 'De
jaarvergadering wordt gehouden op 26-9 te elf uur ten maatschappelijke zete'.
Deze dient te worden gewijzigd :'De jaarvergadering wordt gehouden op 22-6 t |
|
|
|
|
Event
Date |
14/10/2014 |
|
Event
Description |
|
|
Event
Details |
e
elf uur ten maatschappelijke zetel'. |
|
ASSETS |
|
|
Annual accounts |
31-12-2014 |
|
Weeks |
71 |
|
Currency |
EUR |
|
Total fixed assets |
114,838 |
|
Intangible fixed assets |
0 |
|
Tangible fixed assets |
113,538 |
|
Land & building |
113,538 |
|
Plant & machinery |
0 |
|
Furniture & Vehicles |
0 |
|
Leasing & Other Similar Rights |
0 |
|
Other tangible assets |
0 |
|
Financial fixed assets |
1,300 |
|
Total current assets |
853,949 |
|
Inventories |
469,717 |
|
Raw materials & consumables |
0 |
|
Work in progress |
0 |
|
Finished goods |
0 |
|
Other stocks |
469,717 |
|
Trade debtors |
377,794 |
|
Other amounts receivable |
2,545 |
|
Cash |
3,234 |
|
Miscellaneous current assets |
659 |
|
Total Assets |
968,787 |
LIABILITIES
|
Total shareholders equity |
21,212 |
|
Issued share capital |
18,600 |
|
Share premium account |
0 |
|
Revaluation reserve |
0 |
|
Reserves |
2,612 |
|
Provisions for Liabilities & Charges |
0 |
|
Deffered taxes |
0 |
|
Creditors |
947,575 |
|
Other long term loans |
0 |
|
Long term group loans |
- |
|
Other long term liabilities |
0 |
|
Total long term debts |
0 |
|
Current portion of long term debt |
0 |
|
Financial debts |
0 |
|
Trade creditors |
568,796 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
639 |
|
Miscellaneous current liabilities |
378,140 |
|
Total current liabilities |
947,575 |
|
Total Liabilities |
968,787 |
|
RATIO
ANALYSIS |
|
|
TRADING
PERFORMANCE |
|
|
Profit Before Tax |
- |
|
Return on capital employed |
15.14 |
|
Return on total assets employed |
0.33 |
|
Return on net assets employed |
15.14 |
|
Sales / net working capital |
- |
|
Stock turnover ratio |
- |
|
Creditor days |
- |
|
Debtor days |
- |
|
SHORT
TERM STABILITY |
|
|
Current ratio |
0.90 |
|
Liquidity ratio / acid ratio |
0.41 |
|
Current debt ratio |
44.67 |
|
Liquidity ratio reprocessed |
- |
|
Cashflow |
4,574 |
|
Net worth |
21,212 |
|
LONG
TERM STABILITY |
|
|
Gearing |
- |
|
Equity in percentage |
2.19 |
|
Total debt ratio |
44.67 |
|
Working capital |
-93,626 |
PROFIT & LOSS
|
Operating Income |
- |
|
Turnover |
- |
|
Total operating expenses |
- |
|
Gross Operating Margin |
8,273 |
|
Operating Charges |
- |
|
Employee costs |
- |
|
Wages and salary |
- |
|
Employee pension costs |
- |
|
Social security contributions |
- |
|
Other employee costs |
- |
|
Director remuneration |
- |
|
Amortization and depreciation |
1,962 |
|
Operating result |
3,599 |
|
Total financial income |
- |
|
Total financial expenses |
386 |
|
Results on ordinary operations before
taxation |
3,212 |
|
Extraordinary Income |
- |
|
Extraordinary Charges |
- |
|
Extraordinary items |
- |
|
Results for the Year Before Taxation |
3,212 |
|
Other appropriations |
- |
|
Taxation |
600 |
|
Results on ordinary operations after
taxation |
2,612 |
|
Net result |
2,612 |
|
Profit (Loss) for the Year to
be appropiated |
2,612 |
|
Dividends |
- |
Activity
code 46761
Activity
description Wholesale of diamonds and
other precious stones
industry
average credit
rating 68.12
Industry
average credit limit 214907.90
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
- |
|
Day sales outstanding |
- |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
187.64 |
|
Industry average day sales outstanding |
194.53 |
PAYMENT
EXPECTATIONS
Company
result --
Lower
132.91
Median
60.30
Upper
28.62
DAY
SALES OUTSTANDING
Company
result --
Lower
131.59
Median 84.67
Upper
46.95
SUMMARY
Group
- Number of Companies 0
Linkages
- Number of Companies 0
Number
of Countries 0
GROUP
STRUCTURE
No
group structure for this company.
MINORITY
INTERESTS
No
minority interests found
INDIVIDUAL
SHAREHOLDERS
SHAREHOLDER NAME
|
Forename |
Sanjay |
Middle name |
- |
|
Surname |
Bhatol |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
10/07/2013(estimated) |
End date |
- |
|
Percentage owned |
50% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
India |
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SHAREHOLDER NAME |
|
|
|
|
Forename |
Lakshmanbhai |
Middle name |
- |
|
Surname |
Gol |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
10/07/2013(estimated) |
End date |
- |
|
Percentage owned |
50% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Quinten Matsijslei |
House number |
11 |
|
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
|
Position |
Manager |
|
Start Date |
01/04/2015 |
|
Street |
11 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
Lakshmanbhai Gol |
FORMER DIRECTOR DETAILS
|
Name |
Mavjibhai Savani |
|
Position |
Manager |
|
Start Date |
10/07/2013 |
|
End Date |
31/03/2015 |
|
Street |
120 LANGE HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
EUR |
1 |
Rs.73.74 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.