|
Report No. : |
355036 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
LABELS & THINGS BVBA |
|
|
|
|
Registered Office : |
Prins Boudewijnlaan 280, 2650 EDEGEM |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
25.08.2005 |
|
|
|
|
Com. Reg. No.: |
875750741 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Agents involved I the sale of textiles, clothing, fur, footwear and
leather goods. |
|
|
|
|
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 : |
Slow |
|
Litigation : |
Exist |
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 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 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 875750741
Branche Unit Number 2148967001
Company name LABELS & THINGS
BVBA
Address Prins Boudewijnlaan
280
2650 Edegem
Number of staff -
Date of establishment 25/08/2005
Telephone number 034598364
Fax number 034598364
The business was established over 10 years ago.
No employees are recorded for this business.
The business has been at the address for over 7 years.
The credit limit for this business has decreased from €19000
to €0.
Pre-tax profits decreased by 100% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 67% during the
latest trading period.
ACCOUNTS
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/03/2015 |
|
-69 |
134,601 |
211,731 |
|
31/03/2014 |
|
10,870 |
128,136 |
180,818 |
|
31/03/2013 |
|
-15,065 |
117,424 |
147,971 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/03/2015 |
1,039,300 |
- |
206,200 |
51,622 |
|
31/03/2014 |
1,099,444 |
7 |
206,200 |
54,700 |
|
31/03/2013 |
1,277,909 |
7 |
206,200 |
55,187 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
-- |
|
|
Industry average payment expectation days |
193.08 |
Industry
average day sales outstanding |
128.68 |
|
|
Day sales outstanding |
-- |
|
|
|
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business
number |
875750741 |
Company
name |
LABELS & THINGS BVBA |
|
Fax number |
034598364 |
Date
founded |
25/08/2005 |
|
Company
status |
active |
Company
type |
Private limited liability company |
|
Currency |
Euro (€) |
Date
of latest accounts |
31/03/2015 |
|
Activity
code |
46160 |
Liable
for VAT |
Yes |
|
Activity
description |
Agents involved in the sale of
textiles, clothing, fur, footwear and leather goods |
VAT Number |
BE.0875.750.741 Check VAT Number |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
Joint Industrial Committee
(JIC)
|
|
|
JIC Code |
100 |
|
Description |
Additional joint committee for labourers |
|
category |
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee for
the employees |
|
category |
|
|
Significant
Events |
|
|
Event Date |
25/08/2005 |
|
Event
Description |
Legal creation |
|
Event
Details |
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-03-2015 |
% |
31-03-2014 |
% |
31-03-2013 |
% |
31-03-2012 |
% |
31-03-2011 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
222,472 |
-15.67 |
263,820 |
-13.73 |
305,799 |
-14.76 |
358,734 |
-12.01 |
407,687 |
|
Intangible
fixed assets |
1,600 |
-68.55 |
5,085 |
-59.17 |
12,455 |
-39.92 |
20,731 |
-6.60 |
22,197 |
|
Tangible
fixed assets |
219,768 |
-14.70 |
257,631 |
-11.84 |
292,240 |
-13.26 |
336,899 |
-12.35 |
384,386 |
|
Land
& building |
114,760 |
-7.23 |
123,709 |
-6.19 |
131,871 |
- |
0 |
- |
0 |
|
Plant
& machinery |
97,870 |
-23.24 |
127,494 |
-19.10 |
157,590 |
-16.43 |
188,574 |
-14.11 |
219,549 |
|
Furniture
& Vehicles |
7,138 |
11.04 |
6,428 |
131 |
2,780 |
-63.73 |
7,663 |
-50.18 |
15,383 |
|
Leasing
& Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
-100 |
140,662 |
-5.88 |
149,454 |
|
Financial fixed
assets |
1,104 |
0 |
1,104 |
0 |
1,104 |
0 |
1,104 |
0 |
1,104 |
|
Total
current assets |
816,828 |
-2.25 |
835,624 |
-14.04 |
972,110 |
20.46 |
807,018 |
-6.99 |
867,623 |
|
Inventories |
21,028 |
63.10 |
12,893 |
-61.84 |
33,784 |
-8.70 |
37,003 |
50.80 |
24,538 |
|
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 |
21,028 |
63.10 |
12,893 |
-61.84 |
33,784 |
-8.70 |
37,003 |
50.80 |
24,538 |
|
Trade
debtors |
287,871 |
25.07 |
230,166 |
-7.99 |
250,151 |
19.00 |
210,217 |
-32.61 |
311,960 |
|
Other
amounts receivable |
450,042 |
-20.38 |
565,234 |
-12.97 |
649,449 |
22.15 |
531,694 |
4.12 |
510,655 |
|
Cash |
44,727 |
67.65 |
26,680 |
-31.11 |
38,727 |
63.99 |
23,615 |
36.50 |
17,300 |
|
Miscellaneous current assets |
13,160 |
1918 |
652 |
- |
0 |
-100 |
4,491 |
41.65 |
3,170 |
|
Total Assets |
1,039,300 |
-5.47 |
1,099,444 |
-13.97 |
1,277,909 |
9.62 |
1,165,752 |
-8.59 |
1,275,310 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
136,201 |
2.24 |
133,221 |
2.57 |
129,879 |
1.76 |
127,627 |
-38.61 |
207,911 |
|
Issued share capital |
206,200 |
0 |
206,200 |
0 |
206,200 |
0 |
206,200 |
0 |
206,200 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
-69,999 |
95.92 |
-72,979 |
95.62 |
-76,321 |
97.13 |
-78,573 |
-4691 |
1,711 |
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
903,099 |
-6.53 |
966,223 |
-15.84 |
1,148,030 |
10.59 |
1,038,125 |
-2.74 |
1,067,398 |
|
Other long term loans |
298,002 |
-4.31 |
311,417 |
-3.85 |
323,891 |
-3.46 |
335,491 |
-3.90 |
349,120 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
298,002 |
-4.31 |
311,417 |
-3.85 |
323,891 |
-3.46 |
335,491 |
-3.90 |
349,120 |
|
Current portion of long term
debt |
13,415 |
7.54 |
12,474 |
-0.43 |
12,529 |
-23.32 |
16,338 |
-49.03 |
32,057 |
|
Financial debts |
288,621 |
-0.48 |
290,010 |
-3.35 |
300,065 |
4.16 |
288,084 |
-15.67 |
341,596 |
|
Trade creditors |
222,151 |
25.79 |
176,602 |
-27.08 |
242,201 |
7.94 |
224,378 |
-16.68 |
269,282 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
43,140 |
-16.63 |
51,745 |
-62.59 |
138,303 |
65.28 |
83,679 |
55.51 |
53,810 |
|
Miscellaneous current liabilities |
37,770 |
-69.53 |
123,976 |
-5.39 |
131,040 |
45.35 |
90,155 |
318 |
21,533 |
|
Total current liabilities |
605,097 |
-7.59 |
654,806 |
-20.55 |
824,139 |
17.29 |
702,634 |
-2.18 |
718,279 |
|
Total Liabilities |
1,039,300 |
-5.47 |
1,099,444 |
-13.97 |
1,277,909 |
9.62 |
1,165,752 |
-8.59 |
1,275,310 |
|
RATIO
ANALYSIS |
|
|
|
|
|
|
|
|
|
||||||
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
||||||
|
Profit
Before Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Return
on capital employed |
-0.02 |
-100 |
2.44 |
73.49 |
-3.32 |
12.33 |
-26.93 |
-272 |
-7.23 |
||||||
|
Return
on total assets employed |
-0.01 |
-101 |
0.99 |
83.90 |
-1.18 |
11.03 |
-10.70 |
-238 |
-3.16 |
||||||
|
Return
on net assets employed |
-0.05 |
-100 |
8.16 |
70.34 |
-11.60 |
11.87 |
-97.71 |
-404 |
-19.38 |
||||||
|
Sales
/ net working capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Stock turnover
ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Creditor
days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Debtor days |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
||||||
|
Current
ratio |
1.35 |
5.47 |
1.28 |
8.47 |
1.18 |
2.61 |
1.15 |
-4.96 |
1.21 |
||||||
|
Liquidity
ratio / acid ratio |
1.32 |
4.76 |
1.26 |
10.53 |
1.14 |
3.64 |
1.10 |
-5.98 |
1.17 |
||||||
|
Current debt ratio |
4.44 |
-9.76 |
4.92 |
-22.52 |
6.35 |
15.25 |
5.51 |
59.71 |
3.45 |
||||||
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
|
- |
- |
- |
- |
||||||
|
Cashflow |
51,622 |
-5.63 |
54,700 |
-0.88 |
55,187 |
304 |
-18,111 |
-127 |
66,115 |
||||||
|
Net worth |
134,601 |
5.05 |
128,136 |
9.12 |
117,424 |
9.85 |
106,897 |
-42.44 |
185,715 |
||||||
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
||||||
|
Gearing |
440.55 |
-4.40 |
460.81 |
-5.97 |
490.06 |
-2.26 |
501.39 |
44.23 |
347.64 |
||||||
|
Equity in percentage |
13.13 |
7.89 |
12.17 |
18.62 |
10.26 |
-7.98 |
11.15 |
-32.79 |
16.59 |
||||||
|
Total debt ratio |
6.63 |
-8.55 |
7.25 |
-17.99 |
8.84 |
8.73 |
8.13 |
58.48 |
5.13 |
||||||
|
Working capital |
211,731 |
17.10 |
180,818 |
22.20 |
147,971 |
41.76 |
104,384 |
-30.10 |
149,344 |
||||||
|
PROFIT
& LOSS |
|
|
|
|
|
|
|
|
|
|
Operating Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total operating expenses |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Operating Margin |
491,777 |
10.09 |
446,711 |
-19.43 |
554,417 |
-8.36 |
605,008 |
3.33 |
585,518 |
|
Operating Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee costs |
362,641 |
15.83 |
313,068 |
-26.10 |
423,616 |
-20.16 |
530,549 |
4.12 |
509,554 |
|
Wages and salary |
273,458 |
17.85 |
232,038 |
-25.03 |
309,500 |
-21.78 |
395,665 |
2.09 |
387,576 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
77,839 |
9.50 |
71,087 |
-28.76 |
99,778 |
-13.57 |
115,437 |
7.56 |
107,326 |
|
Other employee costs |
11,344 |
14.08 |
9,944 |
-30.65 |
14,338 |
-26.27 |
19,446 |
32.72 |
14,652 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
48,642 |
-5.29 |
51,358 |
-2.98 |
52,935 |
-14.86 |
62,173 |
-11.59 |
70,320 |
|
Operating result |
79,492 |
18.41 |
67,132 |
9.35 |
61,390 |
142 |
-43,018 |
-2363 |
1,901 |
|
Total financial income |
18,282 |
152 |
7,248 |
-62.50 |
19,327 |
72.74 |
11,189 |
-63.13 |
30,348 |
|
Total financial expenses |
97,843 |
54.06 |
63,510 |
-33.69 |
95,781 |
3.13 |
92,875 |
28.03 |
72,543 |
|
Results on ordinary operations before
taxation |
-69 |
-100 |
10,870 |
72.15 |
-15,065 |
12.08 |
-124,704 |
-209 |
-40,294 |
|
Extraordinary Income |
9,687 |
9.81 |
8,822 |
-56.61 |
20,333 |
-58.85 |
49,407 |
-12.09 |
56,198 |
|
Extraordinary Charges |
3,750 |
-76.78 |
16,153 |
618 |
2,248 |
-36.95 |
3,566 |
-69.84 |
11,823 |
|
Extraordinary items |
5,937 |
80.99 |
-7,331 |
-140 |
18,085 |
-60.55 |
45,840 |
3.30 |
44,375 |
|
Results for the Year Before Taxation |
5,868 |
65.82 |
3,539 |
17.18 |
3,020 |
3.83 |
-78,864 |
-2032 |
4,081 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
2,889 |
1368 |
197 |
-74.40 |
769 |
-45.88 |
1,420 |
-82.86 |
8,286 |
|
Results on ordinary operations after
taxation |
-2,958 |
-127 |
10,673 |
67.41 |
-15,833 |
12.55 |
-126,124 |
-159 |
-48,580 |
|
Net result |
2,980 |
-10.85 |
3,342 |
48.44 |
2,252 |
2.80 |
-80,284 |
-1809 |
-4,205 |
|
Profit (Loss) for the Year to
be appropiated |
2,980 |
-10.85 |
3,342 |
48.44 |
2,252 |
2.80 |
-80,284 |
-1809 |
-4,205 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social Balance
Sheet Details |
Total |
|
During the previous reporting year |
|
|
Average number employees in Fte |
7 |
|
Actual working hours |
11,345 |
|
Personnel Charges |
313,068 |
Industry
comparison
|
|
|
Activity code |
46160 |
|
Activity description |
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods |
Payment
expectations
|
|
|
Industry comparison |
|
|
Activity code |
46160 |
|
Activity description |
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods |
|
Industry average payment expectation days |
193.08 |
|
Industry average day sales outstanding |
128.68 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
-- |
|
Lower |
134.81 |
|
Median |
52.47 |
|
Upper |
13.96 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
-- |
|
Lower |
89.21 |
|
Median |
33.92 |
|
Upper |
10.31 |
Group
Structure
No group structure for this
company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interest found
Individual
Shareholders
|
Forename |
Roza |
Middle name |
- |
|
Surname |
De Preter |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
25/08/2005(estimated) |
End date |
- |
|
Percentage
owned |
- |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street
name |
Parklaan |
House number |
32 |
|
Minor town |
- |
Postal town |
Hove |
|
Post code |
2540 |
Country |
Belgium |
|
|
|
|
|
|
SHAREHOLDER
NAME |
|
|
|
|
Forename |
Emmy |
Middle name |
- |
|
Surname |
Burm |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
25/08/2005(estimated) |
End date |
- |
|
Percentage
owned |
- |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street
name |
Prins Boudewijnlaan |
House number |
233 |
|
Minor town |
- |
Postal town |
Edegem |
|
Post code |
2650 |
Country |
Belgium |
|
|
|
|
|
|
Companies
that match this address |
|
|
|
Business
number |
Company
name |
Date
of accounts |
|
768220303 |
BURM, EMMY |
- |
Summons
|
Legal
event type |
Social Security Summons |
|
|
Event date |
16/12/2013 |
|
|
Court type |
Court name |
Antwerpen |
|
Creditor's
name |
3rd party type |
|
|
Legal
event type |
Social Security Summons |
|
|
Event date |
28/10/2013 |
|
|
Court type |
Court name |
Antwerpen |
|
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 |
Manager |
|
Start Date |
25/08/2005 |
|
Street |
233 PRINS BOUDEWIJNLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
Emmy Burm |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EURO |
1 |
Rs.72.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.