MIRA INFORM REPORT
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Report No. : |
311348 |
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Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DB EUROPEAN SALES
BVBA |
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|
|
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Registered Office : |
Hoveniersstraat 30-Bus 2, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
21.10.2011 |
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Com. Reg. No.: |
840926355 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of diamonds and other precious stones |
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No of Employees : |
Not Available [NOTE: 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 : |
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 |
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Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
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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 – 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 |
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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 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 840926355
Branche Unit Number 2203897309
Company name DB EUROPEAN SALES
BVBA
Address HOVENIERSSTRAAT
30-BUS 2
2018 ANTWERPEN
Date of establishment 21/10/2011
Telephone number 034750153
Accounts
DATE OF LATEST ACCOUNTS TURNOVER PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2013 ----- 23,758 34,612 28,418
31/12/2012 6,556,734 295 18,895 11,134
Accounts
DATE
OF LATEST ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES
CAPITAL CASHFLOW
31/12/2013 2,846,766 0 18,600 17,589
31/12/2012 2,999,774 0 18,600 1,711
Commentary
No employees are recorded for this business. 
The business has been at the address for
over 3 years. 
Operating Result in the latest trading
period increased 787% on the previous trading period. 
Net Worth increased by 83% during the latest
trading period.
Pre-tax profits increased by 7965% compared
to the previous trading period.
The business saw a decrease in their Cash Balance of 66% during the
latest trading period.
Payment
expectations
Industry average payment expectation days 127.02
Industry average day sales
outstanding 185.93
Company
information
Business number 840926355
Company name DB EUROPEAN SALES
BVBA
Fax number Date founded 21/10/2011
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2013
Liable for VAT yes
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
VAT Number BE.0840.926.355
Belgian Bullettin of Acts
Publications moniteur Belge
company
accounts
Assets
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
62 |
|
|
Currency |
EUR |
EUR |
|
|
Total fixed assets |
6,194 |
-20.18 |
7,761 |
|
Intangible fixed assets |
0 |
- |
0 |
|
Tangible fixed assets |
6,194 |
-20.18 |
7,761 |
|
Land & building |
- |
- |
- |
|
Plant & machinery |
1,971 |
-27.97 |
2,736 |
|
Furniture & Vehicles |
4,224 |
-15.94 |
5,025 |
|
Leasing & Other Similar Rights |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
|
Financial fixed assets |
- |
- |
- |
|
Total current assets |
2,840,572 |
-5.06 |
2,992,014 |
|
Inventories |
27,575 |
23.63 |
22,304 |
|
Raw materials & consumables |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
|
Other stocks |
27,575 |
23.63 |
22,304 |
|
Trade debtors |
2,804,603 |
-4.82 |
2,946,526 |
|
Other amounts receivable |
998 |
-14.81 |
1,172 |
|
Cash |
7,395 |
-66.40 |
22,012 |
|
Miscellaneous current assets |
0 |
- |
0 |
|
Total Assets |
2,846,766 |
-5.10 |
2,999,774 |
|
Liabilities |
|
|
|
|
Total shareholders equity |
34,612 |
83.19 |
18,895 |
|
Issued share capital |
18,600 |
0 |
18,600 |
|
Reserves |
16,012 |
5336 |
295 |
|
Creditors |
2,812,154 |
-5.66 |
2,980,880 |
|
Trade Creditors |
2,787,756 |
-5.80 |
2,959,288 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
8,066 |
33536 |
24 |
|
Miscellaneous current liabilities |
16,332 |
-24.28 |
21,568 |
|
Total current liabilities |
2,812,154 |
-5.66 |
2,980,880 |
|
Total Liabilities |
2,846,766 |
-5.10 |
2,999,774 |
Ratio
analysis
|
|
31.12.2013 |
% |
31.12.2012 |
|
TRADING
PERFORMANCE |
|
|
|
|
Return on capital employed |
68.64 |
4300 |
1.56 |
|
Return on total assets employed |
0.83 |
8200 |
0.01 |
|
Return on net assets employed |
68.64 |
4300 |
1.56 |
|
Sales / net working capital |
---- |
---- |
588.89 |
|
Stock turnover ratio |
---- |
---- |
0.34 |
|
Creditor
days |
---- |
---- |
164.87 |
|
Debtor
days |
---- |
---- |
164.03 |
|
SHORT TERM STABILITY |
|
|
|
|
Current
ratio |
1.01 |
1.00 |
1.00 |
|
Liquidity
ratio / acid ratio |
1.00 |
0 |
1.00 |
|
Current
debt ratio |
81.25 |
-48.50 |
157.76 |
|
Cashflow |
17,589 |
928 |
1,711 |
|
Net
worth |
34,612 |
83.19 |
18,895 |
|
LONG TERM STABILITY |
|
|
|
|
Equity
in percentage |
1.22 |
93.65 |
0.63 |
|
Total
debt ratio |
81.25 |
-48.50 |
157.76 |
|
Working
Capital |
28,418 |
155 |
11,134 |
Profit &
loss
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
|
62 |
|
Currency |
EUR |
|
EUR |
|
Turnover |
- |
- |
6,556,734 |
|
Total operating expenses |
- |
- |
6,551,639 |
|
Gross Operating Margin |
54,996 |
570 |
8,201 |
|
Amortization and depreciation |
1,871 |
32.13 |
1,416 |
|
Operating result |
45,220 |
787 |
5,095 |
|
Total financial income |
0 |
4,000 |
0 |
|
Total financial expenses |
21,463 |
347 |
4,800 |
|
Results on ordinary operations before
taxation |
23,758 |
7965 |
295 |
|
Results for the Year Before Taxation |
23,758 |
7965 |
295 |
|
Taxation |
8,040 |
- |
- |
|
Results on ordinary operations after
taxation |
15,718 |
5236 |
295 |
|
Net result |
15,718 |
5236 |
295 |
|
Profit (Loss) for the Year to be
appropriated |
15,718 |
5236 |
295 |
Industry
comparison
Activity code 46761
Activity description Wholesale of diamonds
and other precious stones
Industry average payment
expectation days 127.02
Industry average day sales
Outstanding 185.93
Industry
quartile analysis
Payment expectations
Lower 120.44
Median 74.93
Upper 46.53
Day sales outstanding
Lower 102.33
Median 54.07
Upper 24.12
Director
details
Current Director
Details
Name LUC EMMA REMY
GORIS
Position Principal Manager
Start Date 12/07/2013
Date of birth 30/03/1963
Street 3 VELODROOMSTRAAT
HEIST-OP-DEN-BERG
Post code 2220
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
UK Pound |
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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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.