MIRA
INFORM REPORT
|
Report Date : |
01.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DIAMOND TRADING NV |
|
|
|
|
Registered Office : |
62 Pelikaanstraat Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2007 |
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|
|
|
Date of Incorporation : |
27.07.1995 |
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|
|
|
Com. Reg. No.: |
455632655 |
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|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and other Precious Stones |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Company
Summary
|
COMPANY SUMMARY |
|
|
Business Name |
DIAMOND TRADING NV |
|
Business Number |
455632655 |
|
Address |
62 PELIKAANSTRAAT ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032343201 |
|
Fax Number |
032336814 |
|
Date of Establishment |
27-07-1995 |
|
Number of Employees |
4 |
|
|
|
|
CREDIT
INFORMATION SUMMARY |
|
|
Date of Deposit at Registry |
25-07-2008 |
|
Date of Last Accounts |
31-12-2007 |
|
Turnover |
117,418,161 |
|
Results of Ordinary Operations Before Tax |
1,009,987 |
|
Networth |
17,363,052 |
|
|
|
|
PAST PAYMENTS |
|
|
Payment Expectation Days |
12.01 |
|
Days Sales Outstanding |
69.63 |
|
Industry Average Payment Expectation Days |
128.46 |
|
Industry Average Day Sales Outstanding |
112.44 |
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|
|
|
COURT DATA
SUMMARY |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
|
Protested
Bills |
|
|
Bill Amount |
|
|
NSSO
Details |
|
|
Date of Summons |
-- |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
455632655 |
|
Name |
DIAMOND TRADING NV |
|
Fax Number |
032336814 |
|
Establishment Date |
27-07-1995 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
|
|
|
LATEST BRANCH
DETAILS |
|
|
Street |
RIJFSTRAAT |
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House Number |
3 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
|
Trade Registered Number |
311148 |
|
Trade Registered Entry Date |
01-08-1995 |
|
CONTRACTOR
DETAILS |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
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Striking Off Date |
-- |
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|
|
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LATEST EVENT |
|
|
Serial Number |
141902 |
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Event Description |
Reappointment commissioner |
Accounts
& Ratio
|
PERIOD |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
PROFIT &
LOSS |
|||||
|
Turnover |
117,418,161 |
28.9% |
91,073,288 |
38.3% |
65,870,000 |
|
Total Operating Expenses |
114,061,655 |
27.6% |
89,373,258 |
40.0% |
63,841,000 |
|
Operating Result |
3,356,506 |
97.4% |
1,700,030 |
-16.2% |
2,029,000 |
|
Total Financial Income |
40,687 |
37.5% |
29,587 |
-1.4% |
30,000 |
|
Total Financial Expenses |
2,387,206 |
235.6% |
711,426 |
49.8% |
475,000 |
|
Results on Ordinary Operations Before Tax |
1,009,987 |
-0.8% |
1,018,191 |
-35.7% |
1,584,000 |
|
Taxation |
309,574 |
-73.3% |
1,158,183 |
101.4% |
575,000 |
|
Results on Ordinary Operations After Tax |
700,413 |
600.3% |
-139,992 |
-113.9% |
1,009,000 |
|
Extraordinary Items |
-327,938 |
-13,217.5% |
2,500 |
- |
0 |
|
Net Result |
372,474 |
370.9% |
-137,492 |
-113.6% |
1,009,000 |
|
Other Information |
|||||
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Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
95,725 |
-0.1% |
95,831 |
- |
- |
|
Employee Costs |
324,258 |
13.5% |
285,616 |
1.3% |
282,000 |
|
- Wages & Salaries |
244,099 |
14.1% |
213,854 |
-3.2% |
221,000 |
|
- Social Security Contributions |
65,082 |
20.1% |
54,180 |
0.3% |
54,000 |
|
- Other Employee Costs |
15,077 |
-14.2% |
17,582 |
151.2% |
7,000 |
|
Amortization & Depreciation |
35,682 |
8.9% |
32,759 |
9.2% |
30,000 |
|
BALANCE SHEET |
|||||
|
Accounts End Date |
31-12-2007 |
% |
31-12-2006 |
% |
31-12-2005 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
118,863 |
-16.1% |
141,642 |
32.4% |
107,000 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
19,546 |
-40.8% |
33,023 |
-28.2% |
46,000 |
|
- Other Tangible Assets |
99,317 |
-8.6% |
108,619 |
78.1% |
61,000 |
|
Financial Fixed Assets |
1,006,785 |
-24.0% |
1,324,865 |
0.0% |
1,325,000 |
|
Total Fixed Assets |
1,125,648 |
-23.2% |
1,466,507 |
2.4% |
1,432,000 |
|
Inventories |
|||||
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- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
5,432,899 |
-54.8% |
12,014,326 |
38.3% |
8,685,000 |
|
Trade Debtors |
22,400,432 |
0.2% |
22,363,493 |
18.4% |
18,890,000 |
|
Cash |
12,373 |
119.7% |
5,632 |
-19.5% |
7,000 |
|
- Miscellaneous Current Assets |
246,156 |
-43.7% |
437,173 |
30.5% |
335,000 |
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Total Current Assets |
28,091,860 |
-19.3% |
34,820,624 |
24.7% |
27,917,000 |
|
|
|||||
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- Trade Creditors |
3,752,182 |
-71.0% |
12,927,317 |
-38.7% |
21,092,000 |
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- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
7,995,030 |
34.3% |
5,950,972 |
103.0% |
2,931,000 |
|
- Miscellaneous Current Liabilities |
72,493 |
-81.4% |
390,112 |
-65.3% |
1,125,000 |
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Total Current Liabilities |
11,819,705 |
-38.7% |
19,268,401 |
-23.4% |
25,148,000 |
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|
|||||
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
34,751 |
23.4% |
28,153 |
-61.4% |
73,000 |
|
Total Long Term Debts |
34,751 |
23.4% |
28,153 |
-61.4% |
73,000 |
|
|
|||||
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- Issued Share Capital |
348,290 |
0.0% |
348,290 |
0.1% |
348,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
17,014,762 |
2.2% |
16,642,287 |
340.3% |
3,780,000 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
17,363,052 |
2.2% |
16,990,577 |
311.6% |
4,128,000 |
|
|
|||||
|
Working Capital |
16,272,155 |
4.6% |
15,552,223 |
461.7% |
2,769,000 |
|
Net Worth |
17,363,052 |
2.2% |
16,990,577 |
311.6% |
4,128,000 |
|
RATIO ANALYSIS |
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Trading Performance |
|||||
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Pre-tax Profit Margin |
0.86 |
-23.2% |
1.12 |
-53.3% |
2.40 |
|
Return On Capital Employed |
5.81 |
-2.8% |
5.98 |
-84.1% |
37.71 |
|
Return On Total Assets Employed |
3.46 |
23.1% |
2.81 |
-48.0% |
5.40 |
|
Return On Net Assets Employed |
6.21 |
-5.2% |
6.55 |
-88.5% |
57.20 |
|
Sales / Net Working Capital |
7.22 |
23.2% |
5.86 |
-75.4% |
23.79 |
|
Operating Efficiency |
|||||
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Stock Turnover Ratio |
4.63 |
-64.9% |
13.19 |
0.0% |
13.19 |
|
Debtor Days |
69.63 |
-22.3% |
89.63 |
-14.4% |
104.67 |
|
Creditor Days |
12.01 |
-77.3% |
52.80 |
-56.2% |
120.59 |
|
Short Term Stability |
|||||
|
Current Ratio |
2.38 |
31.5% |
1.81 |
63.1% |
1.11 |
|
Liquidity Ratio / Acid Ratio |
1.92 |
62.7% |
1.18 |
55.3% |
0.76 |
|
Current Debt Ratio |
0.68 |
-39.8% |
1.13 |
-81.4% |
6.09 |
|
Long Term Stability |
|||||
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Gearing |
46.05 |
31.5% |
35.03 |
-50.7% |
71.00 |
|
Equity In Percentage |
0.59 |
25.5% |
0.47 |
235.7% |
0.14 |
|
Total Debt Ratio |
0.46 |
31.4% |
0.35 |
-50.7% |
0.71 |
Payment
Expectations
|
PAYMENT
EXPECTATIONS |
|
|
Payment Expectation Days |
12.01 |
|
Day Sales Outstanding |
69.63 |
|
INDUSTRY
COMPARISON |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
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Industry Average Day Sales Outstanding |
112.44 |
|
Industry Average Payment Expectation Days |
128.46 |
|
INDUSTRY
QUARTILE ANALYSIS |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
43.35 |
|
Payment Expectations - Median |
83.34 |
|
Payment Expectations - Upper |
143.01 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.05 |
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Day Sales Outstanding - Median |
69.93 |
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Day Sales Outstanding - Upper |
144.39 |
Shareholders
|
No holding companies for this company. |
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No subsidaries for this company. |
Court
Data
|
PROTESTED BILLS |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
|
Bill Currency |
-- |
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Maturity of Bill (month) |
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Name of Drawer |
-- |
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City of Drawer |
-- |
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NSSO DETAILS |
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|
Business Number |
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
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Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
FullName |
DANIEL BORIS FRANCIS DE BELDER |
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Position |
Managing director |
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Address |
93 HEMELRIJK ESSEN |
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Postal Code |
2910 |
|
Country |
-- |
|
Company Director |
|
|
FullName |
JEAN LOUIS MARIE JOS VAN STRYDONCK |
|
Position |
Managing director |
|
Address |
91 HEMELRIJK ESSEN |
|
Postal Code |
2910 |
|
Country |
-- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
UK Pound |
1 |
Rs.76.81 |
|
Euro |
1 |
Rs.64.38 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)