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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

485266

Report Date :

10.01.2018

 

IDENTIFICATION DETAILS

 

Name :

ESBE INTERNATIONAL SA

 

 

Registered Office :

Avenue  Molière  329 1180 Uccle

 

 

Country :

Belgium

 

 

Financials (as on) :

30.06.2016

 

 

Date of Incorporation :

29.06.1989

 

 

Com. Reg. No.:

437985682

 

 

Legal Form :

Public  limited  company

 

 

Line of Business :

Wholesale of apparel accessories

 

 

No. of Employees :

7

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BELGIUM - ECONOMIC OVERVIEW

 

Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. Belgium is 100% reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries.

Belgium’s GDP grew by 1.4% in 2016, unemployment at yearend was 8.4%, and the budget deficit was 2.7% of GDP. The economy largely recovered from the March 2016 terrorist attacks, which mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 107% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation promise to curtail a more robust recovery in private consumption.

The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 

Company  summary                       

 

Business  number

437985682

Branche  Unit  Number

2044692197

Company  name

ESBE  INTERNATIONAL  SA

Address

AVENUE  MOLIÈRE  329

 

1180 UCCLE

Date  of  establishment

29/06/1989

Telephone  number

3223406920

Mobile  number

-

Fax  number

023406930

Liable  for  VAT

yes

VAT  Number

BE.0437.985.682  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  28  years  ago.

The  business  has  7  employees.

The  business  has  been  at  the  address  for  over  18  years.

Pre-tax  profits  decreased  by  25%  compared  to  the  previous  trading  period.

 

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/06/2016

 

807,120

5,575,347

5,950,785

30/06/2015

 

1,082,428

5,314,160

5,677,359

30/06/2014

 

816,071

4,586,933

5,264,568

 

 

 

 

 

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/06/2016

6,124,284

7

62,000

558,845

30/06/2015

6,124,607

8

62,000

750,453

30/06/2014

5,653,792

9

62,000

561,769

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

139.83

Industry  average  day  sales

83.82

expectation  days

 

outstanding

 

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

437985682

Company  name

ESBE  INTERNATIONAL  SA

Fax  number

023406930

Date  founded

29/06/1989

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

30/06/2016

Activity  code

46424

Number  of  staff

7

Activity  description

Wholesale  of  apparel accessories

 

 

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Contractor  details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

JIC  Code

140

Description

Joint  committee  for  the  transport

category

 

JIC  Code

226

Description

JC  employees  international  trade,  transport  &  related  activities

category

 

Significant  Events

 

Event  Date

21/11/2012

Event  Description

re-appointment  of  director(s)

Event  Details

Commentaire  21-11-2012:  Reconduction  des  mandats  d'administrateur  d'Emmanuel  Szleper,  Hélène Zelicki  et  d'Alain  Szleper  (ainsi  comme  administrateur  délégué)  pour  un  nouveau  terme  de  6  ans.

 

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

30-06-2016

%

30-06-2015

%

30-06-2014

%

30-06-2013

%

30-06-2012

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

44,178

-21.69

56,417

-13.40

65,147

29.20

50,422

-11.09

56,708

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

40,767

-15.16

48,051

-21.72

61,387

54.62

39,701

4.51

37,986

Land  &  building

14,633

-21.96

18,749

-19.49

23,287

48.42

15,690

49.59

10,489

Plant  &  machinery

0

-

0

-

0

-

0

-100

132

Furniture  &  Vehicles

26,134

-10.81

29,302

-23.09

38,100

58.68

24,011

-12.26

27,365

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

3,412

-59.22

8,366

122

3,759

-64.93

10,721

-42.74

18,722

Total  current  assets

6,080,106

0.20

6,068,190

8.58

5,588,645

3.99

5,374,257

-7.00

5,779,036

Inventories

0

-

0

-100

8,820

-50.0

17,640

226

5,407

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

0

-

0

-100

8,820

-50.0

17,640

226

5,407

Trade  debtors

1,091,329

1.24

1,077,940

-4.11

1,124,086

-9.50

1,242,046

-39.16

2,041,604

Other  amounts  receivable

23,381

-90.10

236,129

-25.94

318,845

7.92

295,434

113

138,622

Cash

4,026,481

-2.12

4,113,661

12.26

3,664,382

6.01

3,456,776

-0.51

3,474,606

Miscellaneous  current  assets

938,915

46.60

640,460

35.54

472,513

30.40

362,362

205

118,798

Total  Assets

6,124,284

-0.01

6,124,607

8.33

5,653,792

4.22

5,424,679

-7.04

5,835,744

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

5,575,347

4.91

5,314,160

15.85

4,586,933

13.39

4,045,394

7.68

3,757,005

Issued  share  capital

62,000

0

62,000

0

62,000

0

62,000

0

62,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

5,513,347

4.97

5,252,160

16.07

4,524,933

13.59

3,983,394

7.80

3,695,005

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

548,937

-32.27

810,447

-24.03

1,066,859

-22.65

1,379,285

-33.65

2,078,740

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Other  long  term  liabilities

419,616

0

419,616

-43.51

742,782

-37.20

1,182,782

3.63

1,141,308

Total  long  term  debts

419,616

0

419,616

-43.51

742,782

-37.20

1,182,782

3.63

1,141,308

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

0

-100

23,040

101

11,428

11.27

10,270

-97.90

489,816

Amounts  Payable  for  Taxes,

122,764

-61.61

319,786

31.51

243,168

264

66,631

-75.85

275,934

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

6,557

-86.34

48,005

-30.91

69,481

-41.91

119,601

-30.34

171,682

Total  current  liabilities

129,321

-66.91

390,831

20.60

324,077

64.92

196,503

-79.04

937,432

Total  Liabilities

6,124,284

-0.01

6,124,607

8.33

5,653,792

4.22

5,424,679

-7.04

5,835,744

 

 

Ratio  analysis

                                                                                                                                                         

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

13.46

-28.71

18.88

23.32

15.31

102

7.56

-44.25

13.56

Return  on  total  assets  employed

13.18

-25.41

17.67

22.45

14.43

97.94

7.29

-35.94

11.38

Return  on  net  assets  employed

14.48

-28.92

20.37

14.50

17.79

82.09

9.77

-44.74

17.68

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

47.02

202

15.53

-9.92

17.24

-36.97

27.35

343

6.16

Liquidity  ratio  /  acid  ratio

47.02

202

15.53

-9.81

17.22

-36.83

27.26

342

6.16

Current  debt  ratio

0.02

-71.43

0.07

0

0.07

40.0

0.05

-80.0

0.25

Cashflow

558,845

-25.53

750,453

33.59

561,769

84.06

305,203

-36.18

478,205

Net  worth

5,575,347

4.91

5,314,160

15.85

4,586,933

13.39

4,045,394

7.68

3,757,005

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

 

-

-

-

-

Equity  in  percentage

91.04

4.92

86.77

6.95

81.13

8.80

74.57

15.83

64.38

Total  debt  ratio

0.10

-33.33

0.15

-34.78

0.23

-32.35

0.34

-38.18

0.55

Working  capital

5,950,785

4.82

5,677,359

7.84

5,264,568

1.68

5,177,755

6.94

4,841,604

 

 

Profit  &  loss

                 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

1,452,377

-8.59

1,588,830

8.91

1,458,817

54.86

941,997

-31.15

1,368,282

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

460,014

-1.07

464,996

-16.02

553,713

18.49

467,305

-20.88

590,654

Wages  and  salary

337,644

-4.20

352,439

-9.81

390,775

9.31

357,481

-39.48

590,654

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

102,046

0.55

101,488

-13.10

116,785

18.28

98,734

-

-

Other  employee  costs

20,324

83.61

11,069

-76.02

46,152

316

11,089

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

23,686

1.98

23,225

14.81

20,230

20.32

16,814

-39.07

27,596

Operating  result

950,359

-12.26

1,083,195

25.35

864,106

89.79

455,286

-39.06

747,094

Total  financial  income

7,434

-82.30

42,009

-35.35

64,978

-31.69

95,118

77.37

53,628

Total  financial  expenses

150,673

252

42,777

-62.15

113,014

-27.16

155,148

13.79

136,349

Results  on  ordinary  operations  before

807,120

-25.43

1,082,428

32.64

816,071

106

395,256

-40.51

664,374

taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

6,006

233

1,801

-57.72

4,261

724

517

Extraordinary  Charges

5,935

-

-

-

-

-

-

-

-

Extraordinary  items

-5,935

-198

6,006

233

1,801

-57.72

4,261

724

517

Results  for  the  Year  Before  Taxation

801,185

-26.39

1,088,434

33.08

817,872

104

399,517

-39.91

664,890

Taxation

266,026

-26.35

361,206

30.71

276,333

148

111,128

-48.14

214,281

Results  on  ordinary  operations  after

541,094

-24.98

721,222

33.62

539,738

89.96

284,129

-36.87

450,092

taxation

 

 

 

 

 

 

 

 

 

Net  result

535,159

-26.41

727,228

34.29

541,539

87.78

288,389

-36.00

450,609

Profit  (Loss)  for  the  Year  to  be  appropiated

535,159

-26.41

727,228

34.29

541,539

87.78

288,389

-36.00

450,609

Dividends

273,973

-

-

-

-

-

-

-

-

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  30-06-2016

 

Full-time  Employees

5

Part-time  Employees

3

Total  Fte  Employees

7

Number  of  hours  worked

 

Full-time  Employees

9,122

Part-time  Employees

3,417

Total

12,539

Personnel  Charges

 

Full-time  Employees

334,706

Part-time  Employees

125,308

Total

460,014

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

8

Actual  working  hours

13,116

Personnel  Charges

464,996

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

5

3

7

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

1

-

1

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

3

3

5

Higher  education  (non university)

1

-

1

Higher  education (university)

-

-

-

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

4

2

6

Blue  collar  worker

1

1

1

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

-

Actual  working  hours

-

Cost  of  temporary  staff

-

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

1

-

1

Leavers

2

-

2

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

Industry  comparison     

Activity  code

46424

Activity  description

Wholesale  of  apparel  accessories

Payment  Information

 

Payment  Information  Summary                                                                                                      

Total  number  of  Invoices  available

15

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

12

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

1

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

2

 

 

Suspension  of  payments  /  moratorium  history

Amount

-

Details

-

 

Payment  expectations                                     

Payment  expectation  days

-

Day  sales  outstanding

-

 

Industry  comparison          

Activity  code

46424

Activity  description

Wholesale  of  apparel  accessories

Industry  average  payment expectation  days

139.83

Industry  average  day  sales outstanding

83.82

 

 

Industry  quartile  analysis

Payment  expectations

Company  result

-

Lower

120.24

Median

57.20

Upper

18.13

 

 

Day  sales  outstanding

 

Company  result

-

Lower

83.19

Median

38.74

Upper

11.59

 

 

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

 

 

Linked  Companies    

 

Summary                                         

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

 

Position

Managing  Director

Start  Date

11/12/2006

Date  of  birth

18/10/1960

Street

72 AVENUE  FOND'ROY  BRUXELLES

Post  code

1180

Country

Belgium

Name

Alain  Szleper

Name

Emmanuel  Szleper

Position

Director

Start  Date

11/12/2006

Date  of  birth

20/03/1964

Street

63 AVENUE  DE  LA  FLORIDE  BRUXELLES

Post  code

1180

Country

Belgium

 

 

Former  director  details

 

Name

Hélène  Zelicki

Position

Director

Start  Date

11/12/2006

End  Date

30/03/2016

Street

99 AVENUE  DE  MEYSSE  BRUXELLES

Post  code

1020

Country

Belgium

 

 

Former  mandates  in  other  companies

 

Name

ESBE  SA

Business  number

416989835

Position

Managing  Director

Start  Date

24/06/2000

End  Date

07/07/2000

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.47

UK Pound

1

INR 86.15

Euro

1

INR 75.92

Euro

1

INR 76.02

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TRU

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.