MIRA INFORM REPORT
|
Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMDIMON BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, Box 261 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.02.1986 |
|
|
|
|
Com. Reg. No.: |
428516306 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
|
|
|
|
No of Employees : |
06 (31.12.2013) |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Company
name & address
Business number 428516306
Company name SAMDIMON BVBA
Address HOVENIERSSTRAAT
30, Box 261
2018 ANTWERPEN
Number of staff 6 (31.12.2013)
Date of establishment 05/02/1986
Telephone number 032329300
Fax number 032329316
Commentary
|
The business was established over 28 years
ago. |
|
|
|
|
|
The business has 6 employees. |
|
|
|
|
|
The business has been at the address for
over 17 years. |
|
|
|
|
|
Net Worth increased by 34% during the
latest trading period. |
|
|
|
|
|
Pre-tax profits increased by 36% compared
to the previous trading period. |
|
|||
|
The business saw an increase in their Cash
Balance of 217% during the latest trading period. |
|
|||
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET
WORTH WORKING CAPITAL
31/12/2013 134,708,722
168,480 6,645,492 12,213,913
31/12/2012 125,718,059
123,190 4,949,293 7,999,079
31/12/2011 127,725,550
96,593 4,865,445 7,942,477
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF CAPITAL EMPLOYEES |
CASHFLOW |
|
|
|
31/12/2013 |
46,362,567 |
6 |
81,803 |
146,090 |
|
|
31/12/2012 |
50,464,915 |
6 |
62,000 |
126,387 |
|
|
31/12/2011 |
49,940,120 |
6 |
62,000 |
187,641 |
|
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Payment expectation days 30.63
Industry average payment expectation days 124.39
Industry average day sales outstanding 141.74
Day sales outstanding 92.64
Company
information
|
Business number |
428516306 |
|
Company name |
SAMDIMON BVBA |
|
|
Fax number |
032329316 |
Date founded |
05/02/1986 |
|
|
|
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.0428.516.306 Check VAT number |
||
|
Belgian Bullettin
of Acts Publications |
moniteur belge |
|
|
|
|
Joint
Industrial Committee
(JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
JIC Code 324
Description Joint committee for
the industry and the trade in diamant
Category
Significant
Events
Event Date 21/10/2011
Event Details Neerlegging van de
eenparige schriftelrjke beslurtvorming van de aandeeihouders dd. 21
oktober 2011 houdende goedkeuring, in overeenstemming
met artikel 556 van het Wetboek van vennootschappen, van bepalingen die van
toepassing zijn ingev
Event Date 21/10/2011
Event Details l van een
controlewijziging.
COMPANY
ACCOUNTS
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 |
345,309 |
22.50 |
281,896 |
-10.34 |
341,413 |
-14.00 |
365,607 |
-8.63 |
400,132 |
|
Intangible
fixed assets |
0 |
- |
0 |
-100 |
15 |
-93.83 |
240 |
-48.41 |
465 |
|
Tangible
fixed assets |
334,739 |
22.06 |
274,231 |
-10.65 |
306,933 |
-14.65 |
359,599 |
-8.71 |
393,899 |
|
Land & building |
307,473 |
25.74 |
244,533 |
-4.49 |
256,025 |
-4.30 |
267,518 |
-4.12 |
279,010 |
|
Plant & machinery |
24,720 |
1.74 |
24,297 |
-34.50 |
37,095 |
-46.94 |
69,915 |
-23.23 |
91,070 |
|
Furniture & Vehicles |
2,546 |
-52.87 |
5,402 |
-60.89 |
13,813 |
-37.68 |
22,166 |
-6.94 |
23,820 |
|
Financial
fixed assets |
10,570 |
37.91 |
7,664 |
2.68 |
7,464 |
29.42 |
5,767 |
0 |
5,767 |
|
Total
Current assets |
46,017,258 |
-8.30 |
50,183,019 |
1.12 |
49,625,708 |
40.25 |
35,385,904 |
137 |
14,928,431 |
|
Inventories |
9,236,869 |
17.45 |
7,864,772 |
-6.03 |
8,369,047 |
-3.24 |
8,649,417 |
178 |
3,102,460 |
|
Raw materials &
consumables |
9,236,869 |
17.45 |
7,864,772 |
-6.03 |
8,369,047 |
-3.24 |
8,649,417 |
178 |
3,102,460 |
|
Trade debtors |
34191431 |
-17.20 |
41292255 |
1.62 |
40,635,958 |
53.84 |
26,414,606 |
129 |
11,524,330 |
|
Other amounts receivable |
510485 |
39.83 |
365075 |
10.42 |
330,638 |
9.54 |
301,855 |
7.23 |
281,495 |
|
Cash |
2067918 |
217 |
650345 |
135 |
276,696 |
2601 |
10,244 |
-5.83 |
10,878 |
|
Miscellaneous current assets |
10555 |
-0.16 |
10572 |
-20.92 |
13,368 |
97.09 |
6,783 |
-26.81 |
9,268 |
|
Total Assets |
46362567 |
-8.13 |
50464915 |
1.05 |
49,940,120 |
39.70 |
35,748,510 |
133 |
15,328,563 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
6,645,492 |
34.27 |
4,949,293 |
1.72 |
4,865,460 |
2.82 |
4,732,226 |
1.84 |
4,646,561 |
|
Issued share capital |
81,803 |
31.94 |
62,000 |
0 |
62,000 |
0 |
62,000 |
0 |
62,000 |
|
Reserves |
6,563,689 |
34.30 |
4,887,293 |
1.75 |
4,803,460 |
2.85 |
4,670,226 |
1.87 |
4,584,561 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
39,717,075 |
-12.74 |
45,515,621 |
0.98 |
45,074,660 |
45.33 |
31,016,284 |
190 |
10,682,002 |
|
Other long term liabilities |
5,913,730 |
77.50 |
3,331,681 |
-1.76 |
3,391,429 |
2.90 |
3,295,764 |
7.05 |
3,078,821 |
|
Total long term debts |
5,913,730 |
77.50 |
3,331,681 |
-1.76 |
3,391,429 |
2.90 |
3,295,764 |
7.05 |
3,078,821 |
|
Current portion of long term debt |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
22,288,403 |
-20.17 |
27,919,387 |
-5.17 |
29,440,473 |
135 |
12,497,729 |
728 |
1,508,714 |
|
Trade creditors |
11,187,156 |
-19.93 |
13,972,100 |
17.77 |
11,863,512 |
-20.21 |
14,869,007 |
160 |
5,715,626 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
67,658 |
-12.10 |
76,973 |
-24.43 |
101,851 |
69.50 |
60,088 |
-45.03 |
109,308 |
|
Miscellaneous current liabilities |
260,128 |
20.72 |
215,481 |
-22.32 |
277,395 |
-5.55 |
293,697 |
8.96 |
269,533 |
|
Total current liabilities |
33,803,345 |
-19.87 |
42,183,940 |
1.20 |
41,683,231 |
50.37 |
27,720,521 |
264 |
7,603,181 |
|
Total Liabilities |
46,362,567 |
-8.13 |
50,464,915 |
1.05 |
49,940,120 |
39.70 |
35,748,510 |
133 |
15,328,563 |
Ratio Analysis
|
|
31.12.2013 |
% |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.13 |
30.0 |
0.10 |
-33.33 |
0.15 |
15.38 |
0.13 |
18.18 |
0.11 |
|
Return on capital employed |
1.34 |
-10.07 |
1.49 |
-37.39 |
2.38 |
66.43 |
1.43 |
55.43 |
0.92 |
|
Return on total assets employed |
0.36 |
50.0 |
0.24 |
-38.46 |
0.39 |
21.88 |
0.32 |
-30.43 |
0.46 |
|
Return on net assets employed |
2.54 |
2.01 |
2.49 |
-38.37 |
4.04 |
66.26 |
2.43 |
59.87 |
1.52 |
|
Sales / net working capital |
11.03 |
-29.83 |
15.72 |
-2.24 |
16.08 |
43.70 |
11.19 |
32.58 |
8.44 |
|
Stock turnover ratio |
6.86 |
9.58 |
6.26 |
-4.43 |
6.55 |
-35.08 |
10.09 |
100 |
5.02 |
|
Creditor
days |
30.63 |
-25.26 |
40.98 |
20.25 |
34.08 |
-46.37 |
63.55 |
87.63 |
33.87 |
|
Debtor
days |
92.64 |
-22.72 |
119.88 |
3.24 |
116.12 |
3.28 |
112.43 |
65.29 |
68.02 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.36 |
14.29 |
1.19 |
0 |
1.19 |
-7.03 |
1.28 |
-34.69 |
1.96 |
|
Liquidity
ratio / acid ratio |
1.09 |
9.00 |
1.00 |
1.01 |
0.99 |
3.12 |
0.96 |
-38.46 |
1.56 |
|
Current
debt ratio |
5.09 |
-40.26 |
8.52 |
-0.58 |
8.57 |
46.25 |
5.86 |
257 |
1.64 |
|
Cashflow |
146,090 |
15.59 |
126,387 |
-32.64 |
187,641 |
35.39 |
138,590 |
26.99 |
109,137 |
|
Net
worth |
6,645,492 |
34.27 |
4,949,293 |
1.72 |
4,865,445 |
2.82 |
4,731,986 |
1.85 |
4,646,096 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
335.39 |
-40.55 |
564.11 |
-6.77 |
605.09 |
129 |
264.10 |
713 |
32.47 |
|
Equity
in percentage |
14.33 |
46.08 |
9.81 |
0.72 |
9.74 |
-26.44 |
13.24 |
-56.32 |
30.31 |
|
Total
debt ratio |
5.98 |
-35.00 |
9.20 |
0.65 |
9.26 |
41.37 |
6.55 |
184 |
2.30 |
|
Working
Capital |
12,213,913 |
52.69 |
7,999,079 |
0.71 |
7,942,477 |
3.66 |
7,662,383 |
4.60 |
7,325,250 |
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 |
134,713,088 |
7.14 |
125,733,087 |
-1.57 |
127,737,338 |
48.95 |
85,756,149 |
38.66 |
61,844,492 |
|
Turnover |
134,708,722 |
7.15 |
125,718,059 |
-1.57 |
127,725,550 |
48.95 |
85,751,172 |
38.66 |
61,844,492 |
|
Total Operating
Expense |
133,310,953 |
7.13 |
124,434,476 |
-2.07 |
127,061,445 |
48.79 |
85,398,577 |
38.64 |
61,598,161 |
|
Operating Charges
|
133,316,319 |
7.12 |
124,449,504 |
-2.06 |
127,073,234 |
48.79 |
82,403,554 |
38.65 |
61,598,161 |
|
Employees Costs |
401,092 |
17.04 |
342,693 |
25.42 |
273,227 |
2.59 |
266,325 |
-7.85 |
289,024 |
|
Wages &
Salary |
- |
-- |
260,069 |
25.54 |
207,154 |
0.65 |
205,807 |
-7.06 |
221,443 |
|
Social security Contribution |
-- |
-- |
69,273 |
28.83 |
53,771 |
0.75 |
53,368 |
-10.39 |
59,559 |
|
Other Employees
Costs |
-- |
-100 |
13,350 |
8.52 |
12,302 |
72.06 |
7,150 |
-10.86 |
8,021 |
|
Director
remuneration |
-- |
-- |
60,634 |
-12.47 |
69,274 |
-65.17 |
198,864 |
0 |
198,864 |
|
Amortization
& Depreciation |
30,696 |
-27.87 |
42,554 |
-21.79 |
54,407 |
2.80 |
52,925 |
-9.68 |
58,594 |
|
Operating result |
1397,769 |
8.90 |
1,283,583 |
93.28 |
664,105 |
88.35 |
352,595 |
43.14 |
246,331 |
|
Total financial income |
168,431 |
12358 |
1352 |
203 |
446 |
-7.02 |
480 |
-81.01 |
2,526 |
|
Total financial
expenses |
1397,720 |
20.31 |
1,161,745 |
148 |
467,958 |
96.38 |
238,287 |
33.76 |
178,147 |
|
Results on
ordinary operations |
168,480 |
36.76 |
123,190 |
-37.34 |
196,593 |
71.27 |
114,788 |
62.34 |
70,709 |
|
Extra ordinary
Income |
50,000 |
3022 |
1,601 |
-- |
-- |
-- |
17,279 |
-- |
--- |
|
Extra ordinary
Charges |
--- |
--- |
-- |
-- |
-- |
-- |
17,094 |
1454 |
1,100 |
|
Extraordinary
Items |
50,000 |
3022 |
1,601 |
-- |
-- |
-100 |
185 |
16.80 |
-1,100 |
|
Results for the
year Before Taxation |
168,480 |
35.01 |
124,791 |
-36.52 |
196,593 |
70.99 |
114,972 |
65.17 |
69,609 |
|
Taxation |
53,086 |
29.61 |
40,958 |
-35.35 |
63,358 |
116 |
29,307 |
53.71 |
19,067 |
|
Result on
ordinary Operations after taxation |
115,394 |
40.33 |
82,232 |
-38.28 |
133,234 |
55.87 |
85,480 |
65.52 |
51,643 |
|
Net result |
115,394 |
37.65 |
83,833 |
-37.08 |
133,234 |
55.53 |
85,665 |
69.49 |
50,543 |
|
Profit (Loss) for
the year to be appropriated |
115,394 |
37.65 |
83,833 |
-37.08 |
133,234 |
55.53 |
85,665 |
69.49 |
50,543 |
Payment
expectations
Payment expectation days 30.63
Day sales outstanding 92.64
Industry
comparison
Activity code 46761
Activity description Wholesaler of diamonds and other precious
stones
Industry average payment
expectation days 124.39
Industry average day sales
Outstanding 141.74
Industry
quartile analysis
Payment expectations
Company result 30.63
Lower 122.66
Median 76.39
Upper 46.98
Day sales outstanding
Company result 92.64
Lower 102.84
Median 54.50
Upper 24.07
Group
Structure
No group structure for this company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
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 KAMLESH KUMAR
PRABHULAL AGRAWAL
Position Principal Manager
Start Date 12/07/2012
Street 155 HEISTRAAT
ANTWERPEN
Post code 2610
Country Belgium
Name NITIN SANGHVI
Position Managing Director
Start Date 06/05/2007
Street 3 KASTANJELAAN
ANTWERPEN
Post code 2020
Country Belgium
Former director
details
Name SONAL SANGHVI
Position Principal Manager
Start Date 30/11/2011
End Date Unknown date
Position Managing Director
Start Date 21/10/2011
End Date 30/11/2011
Street 155 HEISTRAAT
ANTWERPEN
Post code 2610
Country Belgium
Position Director
Start Date 10/04/1996
End Date 30/11/2011
Street 155 HEISTRAAT
ANTWERPEN
Post code 2610
Country Belgium
Name NITIN SANGHVI
Position Director
Start Date 06/05/1997
End Date Unknown date
Street 3 KASTANJELAAN
ANTWERPEN
Post code 2020
Country Belgium
Name SONAL NITIN
SANGHVI
Position Principal Manager
Start Date 01/10/2011
End Date 06/07/2012
Street 3 KASTANJELAAN
ANTWERPEN
Post code 2020
Country Belgium
Name CHADRAKANT BHANSALI
KAUSHIK
Position Principal Manager
Start Date 12/08/1997
End Date Unknown date
Street 18 EEKHOORNLAAN
ANTWERPEN
Post code 2610
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.76.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.