|
Report No. : |
309475 |
|
Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Correct Name : |
SANCALP BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 222, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.02.2002 |
|
|
|
|
Com. Reg. No.: |
476926333 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds
and Other Precious Stones |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.] |
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 |
|
Payment Behaviour : |
Slow but Correct |
|
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 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 476926333
Branche Unit Number 2101710183
Correct Company name SANCALP BVBA
Address HOVENIERSSTRAAT
30-BUS 222
2018 ANTWERPEN
Number of staff 0
Date of establishment 06/02/2002
Fax number 034752302
|
The business was established over 12 years
ago. |
|
No employees are recorded for this
business. |
|
The business has been at the address for
over 9 years. |
|
The business saw a decrease in their Cash
Balance of 81% during the latest trading period. |
DATE OF LATEST
ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET
WORTH WORKING CAPITAL
31/12/2013 13,105,699
26,164 149,783 122,855
31/12/2012 12,615,965
31,304 131,167 109,735
31/12/2011 15,945
106,960 90,435
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 4,319,904 0 18,600 38,838
31/12/2012 4,122,497
0 18,600
41,222
31/12/2011 5,090,723
0 18,600
28,688
Payment expectation days 93.70
Industry average payment expectation days 124.20
Industry average day sales outstanding 181.51
Day sales outstanding 62.98
|
Business number |
476926333 |
Company name |
SANCALP BVBA |
|
Fax number |
034752302 |
Date founded |
06/02/2002 |
|
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 |
Wholesaler of diamonds and other precious stones |
VAT Number |
BE.0476.926.333 |
|
Belgian
Bullettin of Acts Publications |
moniteur belge |
|
|
Assets
|
Annual
accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
80,171 |
-7.98 |
87,128 |
-7.38 |
94,072 |
-14.77 |
110,369 |
-13.56 |
127,688 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
79,071 |
-8.09 |
86,028 |
-7.47 |
92,972 |
-15.49 |
110,019 |
-13.60 |
127,338 |
|
Land
& building |
60,962 |
-13.51 |
70,487 |
-11.90 |
80,013 |
-10.64 |
89,538 |
-9.62 |
99,063 |
|
Plant
& machinery |
17,961 |
88.25 |
9,541 |
1713 |
526 |
-66.12 |
1,553 |
-53.49 |
3,339 |
|
Furniture
& Vehicles |
148 |
-97.53 |
6,000 |
-51.74 |
12,433 |
-34.31 |
18,928 |
-24.09 |
24,935 |
|
Financial
fixed assets |
1,100 |
0 |
1,100 |
0 |
1,100 |
214 |
350 |
0 |
350 |
|
Total
current assets |
4,239,733 |
5.06 |
4,035,369 |
-19.24 |
4,996,651 |
259 |
1,390,465 |
-44.33 |
2,497,859 |
|
Inventories |
1,907,119 |
8.63 |
1,755,639 |
67.48 |
1,048,279 |
92.55 |
544,417 |
-13.16 |
626,904 |
|
Finished
goods |
1,402,540 |
-20.11 |
1,755,639 |
- |
0 |
- |
0 |
- |
0 |
|
Other
stocks |
504,579 |
- |
0 |
-100 |
1,048,279 |
92.55 |
544,417 |
-13.16 |
626,904 |
|
Trade
debtors |
2,261,383 |
9.15 |
2,071,735 |
-47.05 |
3,912,895 |
832 |
419,668 |
-64.63 |
1,186,667 |
|
Other
amounts receivable |
30,796 |
10999 |
277 |
-84.27 |
1,764 |
-97.58 |
72,930 |
23.73 |
58,944 |
|
Cash |
38,094 |
-81.50 |
205,860 |
526 |
32,877 |
-90.69 |
353,030 |
24.65 |
283,219 |
|
Miscellaneous
current assets |
2,341 |
26.02 |
1,858 |
121 |
837 |
99 |
420 |
-99 |
342,125 |
|
Total
Assets |
4,319,904 |
4.79 |
4,122,497 |
-19.02 |
5,090,723 |
239 |
1,500,834 |
-42.84 |
2,625,547 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
149,783 |
14.19 |
131,167 |
22.63 |
106,960 |
11.52 |
95,914 |
0.66 |
95,287 |
|
Issued share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Reserves |
131,183 |
16.54 |
112,567 |
27.40 |
88,360 |
14.29 |
77,314 |
0.82 |
76,687 |
|
Creditors |
4,170,121 |
4.48 |
3,991,330 |
-19.91 |
4,983,763 |
254 |
1,404,920 |
-44.48 |
2,530,260 |
|
Other Long Term loans |
53,243 |
-18.95 |
65,695 |
-15.28 |
77,546 |
-12.70 |
88,825 |
-10.78 |
99,563 |
|
Total long term debts |
53,243 |
-18.95 |
65,695 |
-15.28 |
77,546 |
-12.70 |
88,825 |
-10.78 |
99,563 |
|
Current portion of long term debt |
12,452 |
5.07 |
11,851 |
5.08 |
11,278 |
5.04 |
10,738 |
5.05 |
102,222 |
|
Financial debts |
60,765 |
10787 |
558 |
-89.17 |
5,154 |
-49.62 |
10,230 |
-83.06 |
60,376 |
|
Trade creditors |
3,370,763 |
4.82 |
3,215,818 |
-22.98 |
4,175,524 |
680 |
535,205 |
-67.67 |
1,655,243 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
7,895 |
-15.98 |
9,397 |
75.57 |
5,352 |
4667 |
112 |
25.58 |
89 |
|
Miscellaneous current liabilities |
665,004 |
-3.34 |
688,011 |
-2.95 |
708,908 |
-6.70 |
759,811 |
7.81 |
704,767 |
|
Total current liabilities |
4,116,878 |
4.87 |
3,925,635 |
-19.99 |
4,906,217 |
272 |
1,316,095 |
-45.86 |
2,430,698 |
|
Total Liabilities |
4,319,904 |
4.79 |
4,122,497 |
-19.02 |
5,090,723 |
239 |
1,500,834 |
-42.84 |
2,625,547 |
Profit & Loss
|
Annual accounts |
|
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
|
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Operating Income |
|
13,123,423 |
3.88 |
12,633,416 |
- |
- |
- |
- |
- |
- |
|
Turnover |
|
13,105,699 |
3.88 |
12,615,965 |
- |
- |
- |
- |
- |
- |
|
Total operating expenses |
|
13,130,801 |
3.72 |
12,660,168 |
- |
- |
- |
- |
- |
- |
|
Gross Operating Margin |
|
- |
- |
- |
- |
146,325 |
150 |
58,490 |
264 |
-22,130 |
|
Operating Charges |
|
13,148,524 |
3.71 |
12,677,619 |
- |
- |
- |
- |
- |
- |
|
Amortization and
depreciation |
|
20,223 |
18.85 |
17,015 |
-3.55 |
17,641 |
-0.97 |
17,814 |
46.10 |
12,193 |
|
Operating result |
|
-25,101 |
56.79 |
-44,203 |
-135 |
126,222 |
230 |
38,167 |
102 |
-37,083 |
|
Total financial income |
|
329,736 |
-38.29 |
534,338 |
74.60 |
306,029 |
60.20 |
191,031 |
-19.44 |
237,124 |
|
Total financial expenses |
|
278,470 |
-39.31 |
458,831 |
10.21 |
416,306 |
82.15 |
228,551 |
14.31 |
199,939 |
|
Results on ordinary
operations before taxation |
26,164 |
-16.42 |
31,304 |
96.32 |
15,945 |
2363 |
647 |
531 |
102 |
|
|
Extraordinary Income |
|
- |
- |
- |
- |
86 |
- |
- |
- |
2,893 |
|
Extraordinary Charges |
|
- |
- |
- |
- |
- |
- |
8 |
- |
- |
|
Extraordinary items |
|
0 |
- |
0 |
-100 |
86 |
1075 |
-8 |
-100 |
2,893 |
|
Results for the Year Before
Taxation |
|
26,164 |
-16.42 |
31,304 |
95.27 |
16,031 |
2408 |
639 |
-78.66 |
2,995 |
|
Taxation |
7,549 |
6.36 |
7,097 |
42.39 |
4,985 |
40790 12 |
-99 |
1,911 |
||
|
Results on ordinary
operations after taxation |
18,615 |
-23.10 |
24,207 |
120 |
10,961 |
1626 |
635 |
35.12 |
-1,808 |
|
|
Net result |
|
18,615 |
-23.10 |
24,207 |
119 |
11,047 |
1661 |
627 |
-42.18 |
1,084 |
|
Profit (Loss) for the Year
to be appropriated |
18,615 |
-23.10 |
24,207 |
119 |
11,047 |
1661 |
627 |
-42.18 |
1,084 |
|
Payment
expectations
|
|
|
Payment
expectation days |
93.70 |
|
Day sales
outstanding |
62.98 |
|
Activity code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious
stones |
|
Industry average
payment |
124.20 |
|
expectation days |
|
|
Industry average
day sales |
181.51 |
|
outstanding |
|
Payment expectations
Company result 93.70
Lower 120.76
Median 74.63
Upper 46.13
Day sales outstanding
Company result 62.98
Lower 102.27
Median 54.08
Upper 24.18
No group structure for this company.
No minority shareholders found
No minority interests found
there is no data for this company
there is no data for this company
there is no data for this company
|
Current director
details |
||
|
Name |
NILESH SAVANI |
|
|
Position |
Principal Manager |
|
|
Start Date |
04/08/2010 |
|
|
Street |
7 JAN JANSSENSSTRAAT ANTWERPEN |
|
|
Post code |
2610 |
|
|
Country |
Belgium |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
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.