|
|
|
MIRA
INFORM REPORT
|
Report No. : |
512210 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JEWELEX EUROPE NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 191, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
23.01.2001 |
|
|
|
|
Com. Reg. No.: |
473898349 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Wholesale of watches and jewellery |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely 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, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.
Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that 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 104% 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 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. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.
|
Source : CIA |
Company name
JEWELEX EUROPE NV
Company summary
|
Business number |
473898349 |
|
Branche Unit Number |
2101212614 |
|
Company name |
JEWELEX EUROPE NV |
|
Address |
HOVENIERSSTRAAT 30-BUS 191 |
|
|
2018 ANTWERPEN |
|
Date of establishment |
23/01/2001 |
|
Telephone number |
3234011919 |
|
Mobile number |
- |
|
Fax number |
034011920 |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0473.898.349 Check VAT number |
Commentary
The business was established
over 17 years ago.
The business has 3 employees.
The business has been at
the address for over 17 years.
Pre-tax profits decreased by
61% compared to the previous trading
period.
The business saw a decrease
in their Cash Balance of 83% during
the latest trading period.
Annual accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2015 |
10,057,036 |
122,748 |
2,880,915 |
2,517,313 |
|
31/12/2014 |
8,997,491 |
320,031 |
2,499,694 |
2,155,554 |
|
31/12/2013 |
7,335,026 |
264,018 |
2,005,010 |
1,686,746 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2015 |
3,635,228 |
3 |
1,377,750 |
114,137 |
|
31/12/2014 |
3,255,011 |
2 |
1,235,400 |
241,062 |
|
31/12/2013 |
3,202,539 |
1 |
1,087,650 |
233,749 |
Payment expectations
|
Past payments |
|
Payment expectation days |
22.57 |
|
Industry average payment |
232.50 |
Industry average day sales |
958.16 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
59.08 |
|
|
Court data summary
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
Company information
|
Business number |
473898349 |
Company name |
JEWELEX EUROPE NV |
|
Fax number |
034011920 |
Date founded |
23/01/2001 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2015 |
|
Number of staff |
3 |
|
|
|
Belgian Bullettin of Acts
Publications |
moniteur belge |
|
|
Activities
|
Main Activity Code: |
46480 |
|
Activity description |
Wholesale of watches and
jewellery |
Contractor details
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
Personnel (NSSO classification) |
|
|
Code |
- |
|
Description |
- |
|
Joint Industrial Committee (JIC) |
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee
for the employees |
|
category |
|
|
Significant Events |
|
|
Event Date |
03/06/2013 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 03-06-2013: Herbenoemd
als bestuurders voor een periode van
6 jaar: Shah Jitendra, Jogani Virat en
Mody Hemal. Bij beslissing van de
Raad van Bestuur wordt herbenoemd als
gedelegeerd bestuurder Jogani Virat. |
|
Event Date |
23/01/2001 |
|
Event Description |
Legal creation |
Company accounts
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2015 |
% |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
363,601 |
5.65 |
344,140 |
8.13 |
318,264 |
-27.12 |
436,695 |
-11.86 |
495,444 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
363,337 |
5.65 |
343,903 |
8.13 |
318,055 |
-15.67 |
377,139 |
-12.31 |
430,103 |
|
Land & building |
362,035 |
5.63 |
342,744 |
7.83 |
317,850 |
-15.39 |
375,665 |
-11.60 |
424,944 |
|
Plant & machinery |
0 |
- |
0 |
- |
0 |
-100 |
1,010 |
-1.94 |
1,030 |
|
Furniture & Vehicles |
1,302 |
12.34 |
1,159 |
465 |
205 |
-55.91 |
465 |
-88.74 |
4,130 |
|
Leasing & Other Similar
Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
0 |
-1 |
0 |
-1 |
|
Financial fixed assets |
265 |
11.81 |
237 |
13.40 |
209 |
-99 |
59,556 |
-8.85 |
65,341 |
|
Total current assets |
3,271,627 |
12.39 |
2,910,871 |
0.92 |
2,884,275 |
5.23 |
2,741,043 |
-29.75 |
3,901,992 |
|
Inventories |
1,467,525 |
78.36 |
822,769 |
18.63 |
693,578 |
42.21 |
487,726 |
-40.61 |
821,178 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,467,525 |
78.36 |
822,769 |
18.63 |
693,578 |
42.21 |
487,726 |
-40.61 |
821,178 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
1,627,885 |
-7.86 |
1,766,671 |
4.40 |
1,692,275 |
-9.77 |
1,875,411 |
-25.70 |
2,523,948 |
|
Other amounts receivable |
139,608 |
34.91 |
103,486 |
199 |
34,496 |
6.72 |
32,323 |
457 |
5,803 |
|
Cash |
35,568 |
-83.50 |
215,588 |
-53.41 |
462,732 |
37.25 |
337,148 |
-38.71 |
550,088 |
|
Miscellaneous current assets |
1,041 |
-55.83 |
2,357 |
97.40 |
1,194 |
-85.84 |
8,435 |
765 |
975 |
|
Total Assets |
3,635,228 |
11.68 |
3,255,011 |
1.64 |
3,202,539 |
0.78 |
3,177,738 |
-27.74 |
4,397,436 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
2,880,915 |
15.25 |
2,499,694 |
24.67 |
2,005,010 |
5.74 |
1,896,082 |
0.80 |
1,880,989 |
|
Issued share capital |
1,377,750 |
11.52 |
1,235,400 |
13.58 |
1,087,650 |
-4.33 |
1,136,850 |
-1.94 |
1,159,350 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
1,503,165 |
18.89 |
1,264,294 |
37.82 |
917,360 |
20.83 |
759,232 |
5.21 |
721,639 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
754,314 |
-0.13 |
755,317 |
-36.93 |
1,197,529 |
-6.56 |
1,281,656 |
-49.07 |
2,516,447 |
|
Other long term loans |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
2,098 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
2,098 |
|
Current portion of long
term debt |
0 |
- |
0 |
- |
0 |
-100 |
2,110 |
-91.45 |
24,675 |
|
Financial debts |
139,880 |
-73.21 |
522,216 |
437 |
97,143 |
-58.01 |
231,357 |
-76.72 |
993,839 |
|
Trade creditors |
593,954 |
185 |
207,729 |
-80.85 |
1,084,646 |
5.00 |
1,032,959 |
-17.51 |
1,252,182 |
|
Amounts Payable for Taxes, |
20,480 |
31.75 |
15,545 |
119 |
7,089 |
-37.19 |
11,287 |
-64.21 |
31,534 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
0 |
-100 |
9,827 |
13.59 |
8,651 |
119 |
3,943 |
-98.14 |
212,119 |
|
Total current liabilities |
754,314 |
-0.13 |
755,317 |
-36.93 |
1,197,529 |
-6.56 |
1,281,656 |
-49.03 |
2,514,349 |
|
Total Liabilities |
3,635,228 |
11.68 |
3,255,011 |
1.64 |
3,202,539 |
0.78 |
3,177,738 |
-27.74 |
4,397,436 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
1.22 |
-65.73 |
3.56 |
-1.11 |
3.60 |
490 |
0.61 |
-76.81 |
2.63 |
|
Return on capital employed |
4.26 |
-66.72 |
12.80 |
-2.81 |
13.17 |
320 |
3.13 |
-73.50 |
11.81 |
|
Return on total assets employed |
3.38 |
-65.62 |
9.83 |
19.30 |
8.24 |
343 |
1.86 |
-63.24 |
5.06 |
|
Return on net assets employed |
4.26 |
-66.72 |
12.80 |
-2.81 |
13.17 |
320 |
3.13 |
-73.52 |
11.82 |
|
Sales / net working capital |
4.00 |
-4.08 |
4.17 |
-4.14 |
4.35 |
-34.59 |
6.65 |
9.38 |
6.08 |
|
Stock turnover ratio |
14.59 |
59.63 |
9.14 |
-3.38 |
9.46 |
88.07 |
5.03 |
-48.30 |
9.73 |
|
Creditor days |
22.57 |
151 |
8.97 |
-84.29 |
57.09 |
42.65 |
40.02 |
-30.46 |
57.55 |
|
Debtor days |
59.08 |
-17.57 |
71.67 |
-14.89 |
84.21 |
19.31 |
70.58 |
-35.35 |
109.17 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
4.34 |
12.73 |
3.85 |
59.75 |
2.41 |
12.62 |
2.14 |
38.06 |
1.55 |
|
Liquidity ratio / acid ratio |
2.39 |
-13.41 |
2.76 |
50.82 |
1.83 |
3.98 |
1.76 |
43.09 |
1.23 |
|
Current debt ratio |
0.26 |
-13.33 |
0.30 |
-50.0 |
0.60 |
-11.76 |
0.68 |
-49.25 |
1.34 |
|
Cashflow |
114,137 |
-52.65 |
241,062 |
3.13 |
233,749 |
142 |
96,216 |
-55.57 |
216,556 |
|
Net worth |
2,880,915 |
15.25 |
2,499,694 |
24.67 |
2,005,010 |
5.74 |
1,896,082 |
0.80 |
1,880,989 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
4.86 |
-76.74 |
20.89 |
330 |
4.85 |
-60.60 |
12.31 |
-77.31 |
54.26 |
|
Equity in percentage |
79.25 |
3.19 |
76.80 |
22.66 |
62.61 |
4.93 |
59.67 |
39.51 |
42.77 |
|
Total debt ratio |
0.26 |
-13.33 |
0.30 |
-50.0 |
0.60 |
-11.76 |
0.68 |
-49.25 |
1.34 |
|
Working capital |
2,517,313 |
16.78 |
2,155,554 |
27.79 |
1,686,746 |
15.58 |
1,459,387 |
5.17 |
1,387,643 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
10,058,172 |
11.78 |
8,998,285 |
22.67 |
7,335,473 |
-24.37 |
9,699,087 |
14.92 |
8,439,641 |
|
Turnover |
10,057,036 |
11.78 |
8,997,491 |
22.66 |
7,335,026 |
-24.37 |
9,698,238 |
14.93 |
8,438,450 |
|
Total operating expenses |
9,605,499 |
13.62 |
8,454,274 |
21.92 |
6,934,459 |
-26.39 |
9,421,006 |
18.63 |
7,941,500 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
9,606,635 |
13.62 |
8,455,068 |
21.92 |
6,934,906 |
-26.40 |
9,421,855 |
18.62 |
7,942,691 |
|
Employee costs |
152,426 |
40.17 |
108,740 |
103 |
53,501 |
-47.18 |
101,283 |
-27.36 |
139,440 |
|
Wages and salary |
- |
- |
- |
- |
44,093 |
-45.39 |
80,741 |
-28.73 |
113,284 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
- |
- |
9,119 |
-52.36 |
19,142 |
-21.59 |
24,412 |
|
Other employee costs |
152,426 |
40.17 |
108,740 |
37526 |
289 |
-79.36 |
1,400 |
-19.72 |
1,744 |
|
Director remuneration |
- |
- |
- |
- |
36,059 |
-0.38 |
36,196 |
0.54 |
36,002 |
|
Amortization and depreciation |
20,946 |
11.74 |
18,745 |
-56.17 |
42,763 |
-4.16 |
44,617 |
-1.98 |
45,520 |
|
Operating result |
451,537 |
-16.88 |
543,217 |
35.61 |
400,567 |
44.49 |
277,232 |
-44.21 |
496,950 |
|
Total financial income |
1,975 |
-84.19 |
12,489 |
132 |
5,380 |
-41.45 |
9,188 |
3877 |
231 |
|
Total financial expenses |
330,764 |
40.35 |
235,675 |
66.05 |
141,930 |
-37.52 |
227,166 |
-17.35 |
274,863 |
|
Results on ordinary operations
before |
122,748 |
-61.64 |
320,031 |
21.22 |
264,018 |
345 |
59,254 |
-73.35 |
222,318 |
|
taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
- |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year
Before Taxation |
122,748 |
-61.64 |
320,031 |
21.22 |
264,018 |
345 |
59,254 |
-73.35 |
222,318 |
|
Taxation |
29,557 |
-69.75 |
97,714 |
33.80 |
73,032 |
853 |
7,656 |
-85.07 |
51,282 |
|
Results on ordinary operations
after |
93,191 |
-58.08 |
222,317 |
16.40 |
190,986 |
270 |
51,598 |
-69.83 |
171,036 |
|
taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
93,191 |
-58.08 |
222,317 |
16.40 |
190,986 |
270 |
51,599 |
-69.83 |
171,036 |
|
Profit (Loss) for the
Year to be appropiated |
93,191 |
-58.08 |
222,317 |
16.40 |
190,986 |
270 |
51,599 |
-69.83 |
171,036 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet Details
|
Social Balance Sheet Details |
|
|
|
|
Social Balance Sheet |
|
Total |
|
|
During the reporting year |
|
|
|
|
ended 31-12-2015 |
|
|
|
|
Full-time Employees |
|
3 |
|
|
Part-time Employees |
|
- |
|
|
Total Fte Employees |
|
3 |
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
|
5,422 |
|
|
Part-time Employees |
|
- |
|
|
Total |
|
5,422 |
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
152,425 |
|
|
Part-time Employees |
|
- |
|
|
Total |
|
152,425 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
During the previous reporting
year |
|
|
|
|
Average number employees in Fte |
|
3 |
|
|
Actual working hours |
|
5,422 |
|
|
Personnel Charges |
|
152,425 |
|
|
Benefits In Addition To Wages |
|
- |
|
|
|
|
|
|
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
3 |
- |
3 |
|
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 |
2 |
- |
2 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
3 |
- |
3 |
|
Blue collar worker |
- |
- |
- |
|
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 |
- |
- |
- |
|
Leavers |
- |
- |
- |
|
|
|
|
|
|
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 |
46480 |
|
Activity description |
Wholesale of watches and
jewellery |
Payment Information
|
Suspension of payments /
moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment expectation days |
22.57 |
|
Day sales outstanding |
59.08 |
|
Industry comparison |
|
|
Activity code |
46480 |
|
Activity description |
Wholesale of watches and
jewellery |
|
Industry average payment expectation
days |
232.50 |
|
Industry average day sales
outstanding |
958.16 |
Industry quartile analysis
Payment expectations
|
Company result |
22.57 |
|
Lower |
164.32 |
|
Median |
50.72 |
|
Upper |
19.06 |
|
Day sales outstanding |
|
|
Company result |
59.08 |
|
Lower |
181.39 |
|
Median |
62.32 |
|
Upper |
13.07 |
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 |
30/06/2012 |
|
Street |
142 MECHELSESTEENWEG ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
Virat Jogani |
|
Name |
Hemal Mody |
|
Position |
Director |
|
Start Date |
30/06/2012 |
|
Street |
2 GOUNODSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
|
Euro |
1 |
INR 79.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.