MIRA INFORM REPORT

 

 

Report No. :

321389

Report Date :

06.05.2015

 

IDENTIFICATION DETAILS

 

Name :

JEWEL GOLDI BVBA

 

 

Registered Office :

Hoveniersstraat 30-260, 2018 Antwerpen

 

 

Country :

Belgium 

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

13.11.2003

 

 

Com. Reg. No.:

861938733

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

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 – 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 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 government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. 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

 

 

Company summary

 

Business  number

861938733

Branche  Unit  Number

2134387505

Company  name

JEWEL  GOLDI  BVBA

Address

HOVENIERSSTRAAT  30-260

 

2018 ANTWERPEN

Number  of  staff

0

Date  of  establishment

13/11/2003

 

 

Commentary

 

The business was established over 11 years ago.

No employees are recorded for this business.

The business has been at the address for over 11 years.

Operating Result in the latest trading period decreased 59% on the previous trading period.

A 32% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 21% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 26% during the latest trading period.

Turnover in the latest trading period decreased 29% on the previous trading period.

 

 

Accounts

 

DATE  OF  LATEST 

ACCOUNTS

TURNOVER

PROFIT  BEFORE 

TAX

NET  WORTH

WORKING 

CAPITAL

31/12/2013

10,926,379

40,557

456,690

1,051,653

31/12/2012

15,429,730

33,296

423,680

1,023,583

31/12/2011

24,394,830

52,499

159,494

772,127

Accounts

 

 

 

 

DATE  OF  LATEST 

ACCOUNTS

BALANCE  TOTAL

NUMBER  OF 

EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

4,180,931

0

255,380

35,630

31/12/2012

3,158,417

0

255,380

29,530

31/12/2011

7,826,025

0

18,600

44,428

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

96.85

Industry  average  payment

expectation  days

-

Industry  average  day  sales

outstanding

-

Day  sales  outstanding

70.42

 

 

 

 

Court Data Summary

 

BANKRUPTCY DETAILS

Court action type          No

PROTESTED BILLS

Bill amount                  -

NSSO DETAILS

Date of summons         -

 

 

Company Information

 

Business  number

861938733

Company  name

JEWEL  GOLDI  BVBA

Fax  number

 

Date  founded

13/11/2003

Company  status

active

Company  type

Private  Limited  Company

 

 

 

(BL/LX)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

-

Liable  for  VAT

yes

Activity  description

number

-

VAT  Number

BE.0861.938.733  Check  VAT

Belgian  Bullettin  of  Acts

Publications

moniteur  belge

 

 

 

 

Contractor details

 

Registered  contractor number

-

Contractor  description

-

Date  struck  off  register

-

 

 

Personnel  (NSSO  classification)

Code

-

Description

-

 

 

 

 

 

 

 

 

 

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

3,812

-40.73

6,433

13.80

5,653

409

1,110

479

192

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

3,812

-40.73

6,433

13.80

5,653

409

1,110

479

192

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

2,712

-45.05

4,936

31.30

3,760

238

1,110

479

192

Furniture  &  Vehicles

1,100

-26.51

1,497

-20.95

1,893

-

-

-

-

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

-

-

-

-

-

-

-

-

-

Total  current  assets

4,177,119

32.52

3,151,984

-59.70

7,820,372

16.39

6,719,049

70.90

3,931,515

Inventories

1,581,536

154

621,741

41.69

438,795

-69.20

1,424,465

166

534,413

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

1,581,536

154

621,741

41.69

438,795

-69.20

1,424,465

-

0

Other  stocks

0

-

0

-

0

-

0

-100

534,413

Trade  debtors

2,107,930

13.08

1,864,116

-72.88

6,874,194

36.54

5,034,524

55.00

3,248,093

Other  amounts  receivable

3,064

-27.54

4,228

-59.28

10,384

416

2,009

-13.70

2,328

Cash

484,535

-26.79

661,846

33.17

496,999

92.60

258,052

75.93

146,682

Miscellaneous  current  assets

54

0.47

54

-

0

-

0

-

0

Total  Assets

4,180,931

32.37

3,158,417

-59.64

7,826,025

16.46

6,720,160

70.92

3,931,707

 

 

Liabilities

                                                                                                                                                             

Total  shareholders  equity

456,690

7.79

423,680

165

159,494

37.58

115,926

33.33

86,947

Issued  share  capital

255,380

0

255,380

1273

18,600

0

18,600

0

18,600

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

201,310

19.61

168,300

19.45

140,894

44.77

97,326

42.40

68,347

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

3,724,242

36.18

2,734,737

-64.33

7,666,531

16.09

6,604,234

71.77

3,844,759

Other  long  term  loans

598,776

-1.25

606,336

-1.93

618,286

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

598,776

-1.25

606,336

-1.93

618,286

-

0

-

0

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

113,647

-84.47

731,810

-79.05

3,493,619

34.73

2,593,097

235

772,692

Trade  creditors

2,878,622

126

1,272,472

-60.32

3,206,686

4.54

3,067,311

29.43

2,369,843

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

3,835

14.84

3,339

284

868

-88.08

7,282

0.36

7,255

Miscellaneous  current  liabilities

129,362

7.11

120,780

-65.20

347,071

-62.94

936,544

34.76

694,969

Total  current  liabilities

3,125,466

46.85

2,128,401

-69.80

7,048,245

6.72

6,604,234

71.77

3,844,759

Total  Liabilities

4,180,931

32.37

3,158,417

-59.64

7,826,025

16.46

6,720,160

70.92

3,931,707

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.37

68.18

0.22

0

0.22

4.76

0.21

-

-

Return  on  capital  employed

3.84

18.89

3.23

-52.15

6.75

-82.87

39.40

-18.22

48.18

Return  on  total  assets  employed

0.97

-7.62

1.05

56.72

0.67

-1.47

0.68

-36.45

1.07

Return  on  net  assets  employed

8.88

12.98

7.86

-76.12

32.92

-16.45

39.40

-18.22

48.18

Sales  /  net  working  capital

10.39

-31.06

15.07

-52.30

31.59

-83.45

190.92

-

-

Stock  turnover  ratio

14.47

259

4.03

123

1.80

-72.31

6.50

-

-

Creditor  days

96.85

217

30.48

-37.01

48.39

-5.86

51.40

-

-

Debtor  days

70.42

59.68

44.10

-57.12

102.85

22.69

83.83

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.34

-9.46

1.48

33.33

1.11

8.82

1.02

0

1.02

Liquidity  ratio  /  acid  ratio

0.83

-30.25

1.19

13.33

1.05

31.25

0.80

-9.09

0.88

Current  debt  ratio

6.84

36.25

5.02

-88.64

44.19

-22.43

56.97

28.83

44.22

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

35,630

20.66

29,530

-33.53

44,428

52.11

29,209

-20.14

36,576

Net  worth

456,690

7.79

423,680

165

159,494

37.58

115,926

33.33

86,947

LONG TERN STABILITY

 

 

 

 

 

 

 

 

 

Gearing

156.00

-50.61

315.84

-87.75

2,578.09

15.26

2,236.85

151

888.69

Equity  in  percentage

10.92

-18.57

13.41

557

2.04

17.92

1.73

-21.72

2.21

Total  debt  ratio

8.15

26.36

6.45

-86.58

48.07

-15.62

56.97

28.83

44.22

Working  capital

1,051,653

2.74

1,023,583

32.57

772,127

572

114,816

32.34

86,756

 

 

Profit & loss

 

Operating  Income

10,926,679

-29.19

15,430,337

-36.75

24,395,988

11.29

21,921,141

-

-

Turnover

10,926,379

-29.19

15,429,730

-36.75

24,394,830

11.28

21,921,141

-

-

Total  operating  expenses

10,848,186

-28.81

15,238,978

-36.99

24,186,576

11.05

21,779,630

-

-

Gross  Operating  Margin

-

-

-

-

-

-

-

-

89,040

Operating  Charges

10,848,486

-28.81

15,239,585

-36.99

24,187,734

11.06

21,779,630

-

-

Employee  costs

-

-

-

-

612

475

106

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

0

-

0

-100

612

475

106

-

0

Director  remuneration

37,200

-

-

-

-

-

-

-

-

Amortization  and  depreciation

2,620

23.35

2,124

147

860

273

230

-77.00

1,000

Operating  result

78,193

-59.01

190,752

-8.40

208,254

47.16

141,511

63.38

86,614

Total  financial  income

37

-66.66

111

3102

3

114

2

55.77

1

Total  financial  expenses

37,673

-76.09

157,566

1.16

155,759

62.53

95,834

114

44,724

Results  on  ordinary  operations  before taxation

40,557

21.81

33,296

-36.58

52,499

14.93

45,679

9.04

41,891

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-

0

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

40,557

21.81

33,296

-36.58

52,499

14.93

45,679

9.04

41,891

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

7,547

28.12

5,891

-34.04

8,931

-46.52

16,700

164

6,315

Results  on  ordinary  operations  after taxation

33,010

20.45

27,406

-37.10

43,568

50.35

28,979

-18.54

35,576

Net  result

33,010

20.45

27,406

-37.10

43,568

50.35

28,979

-18.54

35,576

Profit  (Loss)  for  the  Year  to  be appropiated

33,010

20.45

27,406

-37.10

43,568

50.35

28,979

-18.54

35,576

Dividends

-

-

-

-

-

-

-

-

-

 

 

Payment Information

 

Suspension  of  payments/  moratorium  history

Amount

-

Details

-

 

 

Payment  expectations

 

Payment  expectation  days

96.85

Day  sales  outstanding

70.42

 

 

Shareholder Details

 

Summary

 

Group  -  Number  of  Companies

0

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

Group Structure

No group structure for this company.

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interests found

 

Companies that match this address

No Companies Match this address

 

 

Linked Companies

 

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

 

 

DIRECTOR DETAILS

 

Current director details            ----

Former director details             ----

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.52

UK Pound

1

Rs.95.96

Euro

1

Rs.70.54

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.