MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PLUCZENIK DIAMOND COMPANY |
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Registered Office : |
Pelikaanstraat 78, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31/12/2004 |
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Date of Incorporation : |
20 June 1963 |
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Com. Reg. No.: |
160689 |
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Legal Form : |
Private company limited by shares |
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Line of Business : |
Manufacturers of jewellery and related articles |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
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PLUCZENIK DIAMOND COMPANY |
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PELIKAANSTRAAT 78 |
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2018 ANTWERPEN BE |
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Tel. Number |
+32-3-2317260 |
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Fax number |
+32-3-2342704 |
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Summery
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Business founded |
20 June 1963 |
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Business registered |
01 July 1963 - Private company limited by shares |
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Business last updated |
31 December 2004 |
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Registration number, |
160689, ANTWERPEN, |
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Value Added Tax number, |
BE405805438, |
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Judicial form |
Private company limited by shares |
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Activities |
Manufacture of jewellery and related articles |
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Payment experience |
No complaints have been registered |
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Credit opinion |
Credit opinion |
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Maximum credit limit 248000 EUR is advised |
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Cash situation (balance sheet
analysis) : Normal |
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Profitability (balance sheet
analysis) : Nil |
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Commitments (regarding contractual
obligations) : Currently fulfilled |
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Payment defaults : None |
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Employees (Business) |
41 |
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Total share capital31 December 2004 |
EUR 29513000,00 |
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Branch office(s) |
DIAMANTSTRAAT 7,2275
WECHELDERZANDE |
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Others |
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Boardmembers |
PLUCZENIK CHAIM Deputy
boardmember |
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STERN MICHEL Boardmember |
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PLUCZENIK SAMUEL JOZEF
Boardmember |
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Management |
VAN HERCK THEODOOR
Representative and auditor |
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FRANCOIS PHILIPPE
Representative and auditor |
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Auditor |
THEO VAN HERCK BEDRIJFSREVISOR
Auditors´ president |
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WESTEN, FRANCOIS & CO, BEDRIJFSREVISOREN
Auditors´ president |
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Subsidiary company. |
472186397 PLUCZENIK DIAMOND
JEWERLY 97,60 % |
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The business owns or partly owns one or more
pieces of land and buildings? Yes(Property) |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2004 in EUR 280.952.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2004 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
134.828.000,- |
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Total fixed assets |
8.594.000,- |
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Total intangible fixed assets |
11.000,- |
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Total tangible fixed assets |
527.000,- |
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Land and buildings |
97.000,- |
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Plant, machinery and equipment |
322.000,- |
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Total financial fixed assets |
8.056.000,- |
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Loans, shares and participations |
8.049.000,- |
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Investments (long-term) |
7.000,- |
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Total Current assets |
126.234.000,- |
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Inventories and work in progress (incl.
prepayments) |
66.194.000,- |
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Accounts receivable (trade) |
59.004.000,- |
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Cash in hand and at bank |
937.000,- |
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Total accrued income and prepaid expenses |
99.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
134.828.000,- |
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Total equity (Shareholders' funds) |
30.623.000,- |
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Issued (subscribed) capital |
29.513.000,- |
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Profit reserves |
883.000,- |
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Statutory reserves |
10.000,- |
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Legal reserves |
217.000,- |
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Total liabilities |
104.205.000,- |
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Total long-term liabilities |
421.000,- |
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Long-term Loans, Mortgage debts |
421.000,- |
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Total current liabilities |
103.729.000,- |
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Current accounts payable (trade) |
87.630.000,- |
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Current liabilities to credit institutions |
16.001.000,- |
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Income and social tax liabilities |
98.000,- |
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Total accrued expenses and deferred income |
55.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December
2004 in EUR |
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Total operating income/revenue |
280.961.000,- |
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Main revenue (sales/turnover) |
280.952.000,- |
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Total operating expenses |
-282.229.000,- |
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Cost of materials (type of expenditure format) |
277.086.000,- |
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Cost of goods sold (operational format) |
282.229.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
-1.268.000,- |
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Personnel costs |
919.000,- |
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Depreciation |
167.000,- |
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Operating profit or loss |
-1.268.000,- |
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Financial income |
34.531.000,- |
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Financial expenses |
-33.012.000,- |
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Result of ordinary operations |
251.000,- |
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Extraordinary income |
1.000,- |
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Extraordinary result |
252.000,- |
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Taxes |
-113.000,- |
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Net profit or loss |
139.000,- |
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Borrowing ratio |
340,41 % |
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Current ratio |
121,63 % |
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Debt gearing |
1,38 % |
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Profit margin. |
-0,34 % |
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Quick ratio |
57,78 % |
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Return on assets |
0,69 % |
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Return on equity. |
0,45 % |
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Solidity or equity ratio |
22,71 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2003 in EUR 168.357.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2003 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
102.942.000,- |
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Total fixed assets |
553.000,- |
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Total intangible fixed assets |
14.000,- |
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Total tangible fixed assets |
533.000,- |
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Land and buildings |
100.000,- |
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Plant, machinery and equipment |
327.000,- |
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Total financial fixed assets |
6.000,- |
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Investments (long-term) |
6.000,- |
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Total Current assets |
102.389.000,- |
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Inventories and work in progress (incl.
prepayments) |
46.366.000,- |
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Accounts receivable (trade) |
55.987.000,- |
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Cash in hand and at bank |
23.000,- |
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Total accrued income and prepaid expenses |
13.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
102.942.000,- |
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Total equity (Shareholders' funds) |
18.097.000,- |
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Issued (subscribed) capital |
17.126.000,- |
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Profit reserves |
758.000,- |
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Statutory reserves |
10.000,- |
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Legal reserves |
203.000,- |
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Total liabilities |
84.845.000,- |
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Total long-term liabilities |
437.000,- |
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Long-term Loans, Mortgage debts |
437.000,- |
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Total current liabilities |
84.407.000,- |
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Current accounts payable (trade) |
74.666.000,- |
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Current liabilities to credit institutions |
9.600.000,- |
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Income and social tax liabilities |
141.000,- |
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Total accrued expenses and deferred income |
1.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December
2003 in EUR |
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Total operating income/revenue |
168.370.000,- |
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Main revenue (sales/turnover) |
168.357.000,- |
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Total operating expenses |
-173.720.000,- |
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Cost of materials (type of expenditure format) |
170.938.000,- |
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Cost of goods sold (operational format) |
173.720.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
-5.350.000,- |
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Personnel costs |
909.000,- |
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Depreciation |
183.000,- |
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Operating profit or loss |
-5.350.000,- |
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Financial income |
30.084.000,- |
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Financial expenses |
-24.480.000,- |
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Result of ordinary operations |
254.000,- |
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Extraordinary income |
3.676.000,- |
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Extraordinary expenses |
-3.718.000,- |
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Extraordinary result |
212.000,- |
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Taxes |
-88.000,- |
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Net profit or loss |
124.000,- |
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Borrowing ratio |
469,20 % |
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Current ratio |
121,30 % |
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Debt gearing |
2,42 % |
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Profit margin. |
-3,06 % |
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Quick ratio |
66,35 % |
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Return on assets |
0,54 % |
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Return on equity. |
0,68 % |
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Solidity or equity ratio |
17,57 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2002 in EUR 197.942.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2002 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
94.277.000,- |
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Total fixed assets |
526.000,- |
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Total intangible fixed assets |
1.000,- |
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Total tangible fixed assets |
519.000,- |
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Land and buildings |
104.000,- |
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Plant, machinery and equipment |
396.000,- |
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Total financial fixed assets |
6.000,- |
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Investments (long-term) |
6.000,- |
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Total Current assets |
93.751.000,- |
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Inventories and work in progress (incl.
prepayments) |
50.554.000,- |
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Accounts receivable (trade) |
43.165.000,- |
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Cash in hand and at bank |
19.000,- |
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Total accrued income and prepaid expenses |
13.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
94.277.000,- |
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Total equity (Shareholders' funds) |
17.973.000,- |
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Issued (subscribed) capital |
17.126.000,- |
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Profit reserves |
642.000,- |
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Statutory reserves |
10.000,- |
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Legal reserves |
195.000,- |
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Total liabilities |
76.304.000,- |
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Total current liabilities |
76.304.000,- |
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Current accounts payable (trade) |
73.351.000,- |
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Current liabilities to credit institutions |
2.339.000,- |
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Income and social tax liabilities |
139.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December
2002 in EUR |
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Total operating income/revenue |
198.581.000,- |
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Main revenue (sales/turnover) |
197.942.000,- |
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Total operating expenses |
-204.195.000,- |
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Cost of materials (type of expenditure format) |
200.657.000,- |
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Cost of goods sold (operational format) |
204.195.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
-5.614.000,- |
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Personnel costs |
905.000,- |
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Depreciation |
154.000,- |
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Operating profit or loss |
-5.614.000,- |
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Financial income |
21.924.000,- |
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Financial expenses |
-16.055.000,- |
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Result of ordinary operations |
255.000,- |
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Extraordinary income |
1.000,- |
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Extraordinary result |
256.000,- |
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Taxes |
-121.000,- |
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Net profit or loss |
135.000,- |
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Borrowing ratio |
424,57 % |
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Current ratio |
122,86 % |
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Profit margin. |
-2,74 % |
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Quick ratio |
56,59 % |
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Return on assets |
0,56 % |
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Return on equity. |
0,75 % |
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Solidity or equity ratio |
19,06 % |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |