MIRA INFORM REPORT

 

 

Report No. :

323690

Report Date :

25.05.2015

 

IDENTIFICATION DETAILS

 

Name :

BOBINAS BVBA

 

 

Registered Office :

Leemdreef 6, 2990 Wuustwezel

 

 

Country :

Belgium

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

03.07.2008

 

 

Com. Reg. No.:

899117348

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Wholesale  of  Construction Materials,  General Assortment

 

 

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                     899117348

Branche Unit Number               2172405862

Company name                        BOBINAS BVBA

Address                                   LEEMDREEF 6

2990 WUUSTWEZEL

Number of staff                        0

Date of establishment               03/07/2008

Telephone number                   033364510

Fax number                              034005388

 

 

Commentary

 

The business was established over 6 years ago.

The business has 0 employees.

The business has been at the address for over 4 years.

Operating Result in the latest trading period increased 179% on the previous trading period.

Pre-tax profits increased by 1747% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 60% during the latest trading period.

Working Capital is a negative amount during the latest trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/09/2014

 

159,068

146,653

-88,671

30/09/2013

 

8,611

138,444

-86,090

30/09/2012

 

83,236

142,263

-67,253

 

 

 

 

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/09/2014

2,010,282

0

18,600

122,164

30/09/2013

1,786,387

0

18,600

23,517

30/09/2012

1,601,813

0

18,600

76,058

 

 

Payment expectations

 

Past payments

 

Payment expectation days

-

Industry average payment expectation days

89.22

Industry average day sales outstanding

118.99

Day sales outstanding

-

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                      no

PROTESTED BILLS

Bill amount                              -

NSSO DETAILS

Date of summons                     -

 

 

Company information

 

Business  number

899117348

Company  name

BOBINAS  BVBA

Fax  number

034005388

Date  founded

03/07/2008

Company  status

active

Company  type

Private  Limited  Company (BL/LX)

Currency

Euro  (€)

Date  of  latest  accounts

30/09/2014

Activity  code

46731

Liable  for  VAT

Yes

Activity  description

Wholesale  of  construction materials,  general assortment

VAT  Number

BE.0899.117.348  Check  VAT number

 

 

Joint Industrial Committee (JIC)

 

JIC Code                                  226

Description Category                JC employees international trade, transport & related activities

 

 

Company accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

 

Annual  accounts

30-09-2014

%

30-09-2013

%

30-09-2012

%

30-09-2011

%

30-09-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

895,593

-2.69

920,331

-2.14

940,422

-0.97

949,644

20.18

790,189

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

892,080

-2.70

916,818

-2.03

935,855

-0.37

939,306

20.49

779,601

Land  &  building

876,464

-2.27

896,776

-2.21

917,088

0.20

915,282

17.51

778,906

Plant  &  machinery

-

-

-

-

-

-

-

-

695

Furniture  &  Vehicles

15,616

-22.08

20,042

6.79

18,767

-21.88

24,024

-

-

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

3,513

0

3,513

-23.08

4,567

-55.82

10,338

-2.36

10,588

Total  current  assets

1,114,689

28.71

866,056

30.94

661,391

-33.25

990,774

52.03

651,681

Inventories

55,759

-36.47

87,773

31.53

66,733

94.82

34,253

-62.01

90,163

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

55,759

-36.47

87,773

31.53

66,733

94.82

34,253

-62.01

90,163

Trade  debtors

905,062

118

414,372

23.95

334,301

-61.04

857,971

290

219,715

Other  amounts  receivable

41,059

-42.80

71,786

268

19,477

93.57

10,062

-61.60

26,205

Cash

112,809

-60.99

289,186

21.42

238,173

169

88,488

-71.96

315,598

Miscellaneous  current  assets

0

-100

2,939

8.57

2,707

-

0

-

0

Total  Assets

2,010,282

12.53

1,786,387

11.52

1,601,813

-17.45

1,940,418

34.58

1,441,870

LIABILITIES

 

 

 

 

 

 

 

 

 

 

Total Shareholder equity

146,653

5.93

138,444

-2.68

142,263

27.28

111,774

39.56

80,092

 

Issued  share  capital

18,600

0

18,600

0

18,600

0

18,600

0

18,600

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

128,053

6.85

119,844

-3.09

123,663

32.72

93,174

51.52

61,492

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

1,863,629

13.09

1,647,943

12.91

1,459,550

-20.18

1,828,644

34.28

1,361,778

Other  long  term  loans

660,269

-5.11

695,797

-4.80

730,906

-5.03

769,617

13.73

676,690

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

660,269

-5.11

695,797

-4.80

730,906

-5.03

769,617

13.73

676,690

Current  portion  of  long  term  debt

35,528

-32.59

52,703

-5.21

55,600

6.33

52,290

91.67

27,281

Financial  debts

1,016,903

22.72

828,621

78.26

464,835

0.74

461,422

-10.80

517,263

Trade  creditors

-

-

70,785

-60.40

178,754

-59.14

437,528

211

140,544

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

60,929

164572

37

-99

9,455

-89.35

88,787

-

-

Miscellaneous  current  liabilities

90,000

-

0

-100

20,000

5.26

19,000

-

0

Total  current  liabilities

1,203,360

26.38

952,146

30.67

728,644

-31.20

1,059,027

54.58

685,088

Total  Liabilities

2,010,282

12.53

1,786,387

11.52

1,601,813

-17.45

1,940,418

34.58

1,441,870

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

19.71

1813

1.03

-89.19

9.53

-1.35

9.66

-1.33

9.79

Return  on  total  assets  employed

7.91

1547

0.48

-90.77

5.20

18.45

4.39

-14.59

5.14

Return  on  net  assets  employed

108.47

1643

6.22

-89.37

58.51

-23.15

76.14

-17.65

92.46

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

0.93

2.20

0.91

0

0.91

-3.19

0.94

-1.05

0.95

Liquidity  ratio  /  acid  ratio

0.88

7.32

0.82

0

0.82

-8.89

0.90

9.76

0.82

Current  debt  ratio

8.21

19.33

6.88

34.38

5.12

-45.93

9.47

10.76

8.55

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cash Flow

122,164

419

23,517

-69.08

76,058

-0.28

76,275

22.56

62,235

Net  worth

146,653

5.93

138,444

-2.68

142,263

27.28

111,774

39.56

80,092

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

1,167.86

2.52

1,139.18

29.51

879.60

-23.39

1,148.15

-24.70

1,524.79

Equity  in  percentage

7.30

-5.81

7.75

-12.73

8.88

54.17

5.76

3.78

5.55

Total  debt  ratio

12.71

6.81

11.90

15.98

10.26

-37.29

16.36

-3.76

17.00

Working  capital

-88,671

-3.00

-86,090

-28.01

-67,253

98.53

-68,253

-104

-33,407

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

315,824

81.56

173,950

-15.72

206,384

2.34

201,660

-5.00

212,276

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

6,526

-

-

-

-

-

-

-

-

Wages  and  salary

5,835

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

109

-

-

-

-

-

-

-

-

Other  employee  costs

582

-

0

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

23,955

-12.37

27,336

6.91

25,569

-0.09

25,593

61.56

15,841

Operating  result

281,610

179

100,814

-43.22

177,560

2.21

173,720

-8.06

188,945

Total  financial  income

129,453

-39.28

213,205

-23.37

278,232

354

61,213

-63.66

168,461

Total  financial  expenses

251,995

-17.49

305,408

-18.02

372,556

148

149,825

-47.12

283,354

Results  on  ordinary  operations  before  taxation

159,068

1747

8,611

-89.65

83,236

-2.20

85,108

14.93

74,052

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

2,055

-77.22

9,020

-

-

-

-

-

-

Extraordinary  items

-2,055

22.78

-9,020

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

157,013

38389

-409

-100

83,236

-2.20

85,108

14.93

74,052

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

58,804

1624

3,410

-89.59

32,747

-4.88

34,426

24.47

27,658

Results  on  ordinary  operations  after  taxation

100,264

1827

5,201

-89.70

50,489

-0.38

50,682

9.24

46,394

Net  result

98,209

2571

-3,819

-107

50,489

-0.38

50,682

9.24

46,394

Profit  (Loss)  for  the  Year  to  be  appropiated

98,209

2571

-3,819

-107

50,489

-0.38

50,682

9.24

46,394

Dividends

90,000

-

-

-

20,000

5.26

19,000

-

-

 

 

Social balance sheet details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  30-09-2014

 

Full-time  Employees

-

Part-time  Employees

0

Total  Fte  Employees

0

Number  of  hours  worked

 

Full-time  Employees

-

Part-time  Employees

368

Total

368

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

6,526

Total

6,526

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

-

Actual  working  hours

-

Personnel  Charges

-

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

 

Full-Time

Part-Time

Total  Fte

Unlimited  Duration Contracts

-

1

1

 

Women

 

Full-Time

Part-Time

Total  Fte

Primary  education

-

1

1

 

Working  Category

 

Full-Time

Part-Time

Total  Fte

White  collar  worker

-

1

1

 

New  staff  and  leavers

 

Full-Time

Part-Time

Total  Fte

New  Starters

-

1

1

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

1

Number  of  training  hours

-

2

Net  costs  for  enterprise

-

2

 

 

Industry comparison

 

Activity  code

46731

Activity  description

Wholesale  of  construction  materials,  general  assortment

 

 

Payment information

 

Industry  comparison

 

Activity  code

46731

Activity  description

Wholesale  of  construction  materials,  general  assortment

Industry  average  payment

89.22

Industry average day sales outstanding

118.99

 

 

Industry quartile analysis

 

Payment expectations

Company result                        -

Lower                                       89.46

Median                                     55.33

Upper                                       29.98

 

 

Day sales outstanding

Company result                         -

Lower                                       84.23

Median                                                 44.33

Upper                                       18.57

 

 

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

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

 

Name

ROBERT  KAREL  VOETEN

Position

Principal  Manager

Start  Date

08/07/2008

Date  of  birth

05/07/1961

Street

327 ZEEDIJK  MIDDELKERKE

Post  code

8434

Country

Belgium

 

 

Position

Non  Statutory  Partner

Start  Date

03/07/2008

Date  of  birth

05/07/1961

Street

327 ZEEDIJK  MIDDELKERKE

Post  code

8434

Country

Belgium

 

 

Name

SABINA  ANNIE  ANDRÉ  BASTIAENSEN

Position

Principal  Manager

Start  Date

08/07/2008

Date  of  birth

19/03/1965

Street

327 ZEEDIJK  MIDDELKERKE

Post  code

8434

Country

Belgium

 

Position

Non  Statutory  Partner

Start  Date

03/07/2008

Date  of  birth

19/03/1965

Street

327 ZEEDIJK  MIDDELKERKE

Post  code

8434

Country

Belgium

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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.