MIRA INFORM
REPORT
|
Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
PARUDIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.09.1985 |
|
|
|
|
Com. Reg. No.: |
427762575 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of Diamonds and other Precious Stones |
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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Belgium |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Summary |
|
|
Business Name |
PARUDIAM BVBA |
|
Business Number |
427762575 |
|
Address |
HOVENIERSSTRAAT 30 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032317837 |
|
Fax Number |
032323203 |
|
Date of Establishment |
19/09/1985 |
|
Number of Employees |
1 |
|
Credit Information Summary |
|
|
Company Status |
ACTIVE |
|
Purchase Limit (€) |
440,000 |
|
Date of Deposit at Registry |
30/07/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
2,204,569 |
|
Results of Ordinary Operations Before Tax |
1,180 |
|
Networth |
666,430 |
|
Past Payments |
|
|
Payment Expectation Days |
104.13 |
|
Days Sales Outstanding |
234.49 |
|
Industry Average Payment Expectation Days |
136.47 |
|
Industry Average Day Sales Outstanding |
125.25 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company Information
|
company details |
|
|
Business Number |
427762575 |
|
Name |
PARUDIAM BVBA |
|
Fax Number |
032323203 |
|
Establishment Date |
19/09/1985 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
KRUISBEKSTRAAT |
|
House Number |
83 |
|
City |
MERKSEM (ANTWERPEN) |
|
Postal Code |
2170 |
|
Trade Registered Number |
247896 |
|
Trade Registered Entry Date |
01/10/1985 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
151770 |
|
Event Description |
Allocation of powers of attorney |
Accounts & Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
2,204,569 |
-51.9% |
4,585,363 |
-43.4% |
8,094,270 |
|
Total Operating Expenses |
2,199,322 |
-51.7% |
4,557,929 |
-43.3% |
8,032,489 |
|
Operating Result |
5,247 |
-80.9% |
27,434 |
-55.6% |
61,781 |
|
Total Financial Income |
127 |
-50.2% |
255 |
311.3% |
62 |
|
Total Financial Expenses |
4,919 |
-78.5% |
22,839 |
-52.1% |
47,713 |
|
Results on Ordinary Operations Before Tax |
454 |
-90.6% |
4,851 |
-65.7% |
14,130 |
|
Taxation |
-726 |
-138.2% |
1,900 |
-63.6% |
5,218 |
|
Results on Ordinary Operations After Tax |
1,180 |
-60.0% |
2,951 |
-66.9% |
8,912 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
1,180 |
-60.0% |
2,951 |
-66.9% |
8,912 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
42,928 |
-28.2% |
59,756 |
|
Employee Costs |
51,613 |
-14.1% |
60,090 |
16.9% |
51,398 |
|
- Wages & Salaries |
39,963 |
-21.0% |
50,602 |
19.6% |
42,304 |
|
- Social Security Contributions |
10,564 |
18.3% |
8,929 |
5.2% |
8,491 |
|
- Other Employee Costs |
1,086 |
94.3% |
559 |
-7.3% |
603 |
|
Amortization & Depreciation |
17,499 |
-19.9% |
21,858 |
1.3% |
21,579 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
-100.0% |
367 |
|
Tangible Fixed Assets |
121,948 |
-12.1% |
138,687 |
-12.9% |
159,270 |
|
- Land And Buildings |
118,505 |
-4.7% |
124,370 |
-4.5% |
130,235 |
|
- Plant And Machinery |
3,206 |
-45.8% |
5,916 |
-29.7% |
8,419 |
|
- Other Tangible Assets |
237 |
-97.2% |
8,401 |
-59.3% |
20,616 |
|
Financial Fixed Assets |
2,165 |
0.0% |
2,165 |
0.0% |
2,165 |
|
Total Fixed Assets |
124,113 |
-11.9% |
140,852 |
-12.9% |
161,802 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
1,771,495 |
-15.9% |
2,105,902 |
70.7% |
1,233,937 |
|
Trade Debtors |
1,416,295 |
-30.3% |
2,033,407 |
-38.9% |
3,328,619 |
|
Cash |
575,477 |
55.3% |
370,616 |
253.5% |
104,836 |
|
- Miscellaneous Current Assets |
555 |
-93.4% |
8,429 |
948.4% |
804 |
|
Total Current Assets |
3,798,109 |
-16.0% |
4,522,113 |
-3.2% |
4,671,074 |
|
|
|||||
|
- Trade Creditors |
627,465 |
-50.7% |
1,273,834 |
-5.6% |
1,349,962 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
18,621 |
- |
0 |
-100.0% |
227,562 |
|
- Miscellaneous Current Liabilities |
1,149,761 |
-5.3% |
1,214,465 |
4.4% |
1,163,200 |
|
Total Current Liabilities |
1,795,847 |
-27.8% |
2,488,299 |
-9.2% |
2,740,724 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
1,457,726 |
-3.4% |
1,508,946 |
- |
0 |
|
- Other Long Term Liabilities |
2,219 |
373.1% |
469 |
-100.0% |
1,429,853 |
|
Total Long Term Debts |
1,459,945 |
-3.3% |
1,509,415 |
5.6% |
1,429,853 |
|
|
|||||
|
- Issued Share Capital |
18,600 |
0.0% |
18,600 |
0.0% |
18,600 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
647,830 |
0.2% |
646,650 |
0.5% |
643,699 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
666,430 |
0.2% |
665,250 |
0.4% |
662,299 |
|
|
|||||
|
Working Capital |
2,002,262 |
-1.6% |
2,033,814 |
5.4% |
1,930,350 |
|
Net Worth |
666,430 |
0.2% |
665,250 |
0.5% |
661,932 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
0.02 |
-81.8% |
0.11 |
-35.3% |
0.17 |
|
|
Return On Capital Employed |
0.02 |
-90.9% |
0.22 |
-67.6% |
0.68 |
|
|
Return On Total Assets Employed |
0.01 |
-90.0% |
0.10 |
-65.5% |
0.29 |
|
|
Return On Net Assets Employed |
0.02 |
-91.7% |
0.24 |
-67.1% |
0.73 |
|
|
Sales / Net Working Capital |
1.10 |
-51.1% |
2.25 |
-46.3% |
4.19 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
80.36 |
75.0% |
45.93 |
201.4% |
15.24 |
|
|
Debtor Days |
234.49 |
44.9% |
161.86 |
7.8% |
150.10 |
|
|
Creditor Days |
104.13 |
2.1% |
102.01 |
66.3% |
61.34 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
2.11 |
15.9% |
1.82 |
7.1% |
1.70 |
|
|
Liquidity Ratio / Acid Ratio |
1.13 |
16.5% |
0.97 |
-22.4% |
1.25 |
|
|
Current Debt Ratio |
2.69 |
-28.1% |
3.74 |
-9.7% |
4.14 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
221.53 |
-2.3% |
226.82 |
560.1% |
34.36 |
|
|
Equity In Percentage |
0.17 |
21.4% |
0.14 |
0.0% |
0.14 |
|
|
Total Debt Ratio |
2.22 |
-2.2% |
2.27 |
567.6% |
0.34 |
|
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Limit (€) |
142,835 |
Payment Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
104.13 |
|
Day Sales Outstanding |
234.49 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
125.25 |
|
Industry Average Payment Expectation Days |
136.47 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
41.24 |
|
Payment Expectations - Median |
90.29 |
|
Payment Expectations - Upper |
162.11 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.74 |
|
Day Sales Outstanding - Median |
74.91 |
|
Day Sales Outstanding - Upper |
158.58 |
Shareholders
|
No holding companies for this company. |
|
No subsidiaries for this company. |
Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
Full Name |
CHANDRAKANT MANILAL ZAVERI |
|
Position |
Manager |
|
Address |
18 SCHIJNPARKLAAN SCHOTEN |
|
Postal Code |
2900 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
CHANDRASHEKHAR MANIL ZAVERI |
|
Position |
Manager |
|
Address |
18 SCHIJNPARKLAAN SCHOTEN |
|
Postal Code |
2900 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
ALOK ZAVERI |
|
Position |
Manager |
|
Address |
18 SCHIJNPARKLAAN SCHOTEN |
|
Postal Code |
2900 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
HARSHAJ THAR |
|
Position |
Manager |
|
Address |
24 LANGE KIEVITSTRAAT ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.53 |
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 Company |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.