MIRA INFORM REPORT

 

 

Report Date :

25.04.2011

 

IDENTIFICATION DETAILS

 

Name :

H.R.P. DIAM BVBA

 

 

Registered Office :

Hoveniersstraat 2 Antwerpen 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

17.01.2002

 

 

Com. Reg. No.:

476640974

 

 

Legal Form :

Private Limited Liability 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

 

 

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

 

Business Number

476640974

Company Name

H.R.P. DIAM BVBA

Address

HOVENIERSSTRAAT 2 ANTWERPEN

Post Code

2018

Telephone Number

034011818

Fax Number

034011819

Date Of Establishment

17/01/2002

Number Of Staff

1



credit information

 

Company Status

active

 

 

 

 

 

Date Of Deposit At Registry

31/12/2009

Date Of Latest Accounts

31/12/2009

Turnover

22.618.804,00

Results On Ordinary Operations Before Taxation

38.914,00

Net Worth

4.166.691,00



payment expectations

 

past payments

 

payment expectation days

49.68

day sales outstanding

76.62

industry average payment expectation days

132.10

industry average day sales outstanding

121.89



court data summary

 

bankruptcy details

court action type

no

protested bills

bill amount

-

NSSO details

date of summons

-

 

 

 

company information

 

 

company details

business number

476640974

company name

H.R.P. DIAM BVBA

fax number

034011819

date founded

17/01/2002

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

BELGIELEI

house or po box number

94

city

ANTWERPEN

post code

2018

trade register number

348045

entry date

01/02/2002

 

 

contractor details

registered contractor number

-

 

 

 

 

contractor description

-

 

 

 

 

date struck off register

 

 

 

 

 



AMB Publications

 

AMB publication serial number

131333

contents

Transfer of registered office

event filed date

17/09/2009

 

AMB publication serial number

179211

contents

Appointment

event filed date

30/11/2006

 

AMB publication serial number

179211

contents

Confirmation of earlier nomination(s)

event filed date

30/11/2006

 

AMB publication serial number

45744

contents

Dismissal

event filed date

07/03/2006

 

AMB publication serial number

45744

contents

Appointment

event filed date

07/03/2006

 

AMB publication serial number

309

contents

Transfer of registered office

event filed date

17/07/2002

 

AMB publication serial number

233

contents

Establishment

event filed date

13/02/2002

 

 

Belgian Bullettin of Acts Publications

 

AMB publication serial number

20090917-31333

contents

Transfer of registered office HOVENIERSSTRAAT 2/144 - 2018 ANTWERPEN

event filed date

02/09/2009

 

AMB publication serial number

20020717-309

contents

Formerly established at BELGIELEI 94 - 2018 ANTWERPEN

event filed date

01/06/2002

 

AMB publication serial number

20020717-309

contents

Transfer of registered office HOVENIERSSTRAAT 53/15 - 2018 ANTWERPEN

event filed date

01/06/2002

 

 

 

accounts & ratios

 

 

profit & loss

annual accounts

31-12-2009

change(%)

31-12-2008

change(%)

31-12-2007

weeks

52

 

52

 

52

currency

EUR

 

EUR

 

EUR

turnover

22.618.804,00

-19.33 %

28.037.315,00

8.92 %

25.740.752,00

total operating expenses

22.467.101,00

-10.60 %

25.129.646,00

-1.62 %

25.542.404,00

operating result

151.703,00

-94.78 %

2.907.669,00

1,365.94 %

198.348,00

total financial income

12.833,00

1,835.60 %

663,00

-80.64 %

3.424,00

total financial expenses

109.857,00

-96.12 %

2.831.674,00

1,892.90 %

142.088,00

results on ordinary operations before taxation

54.679,00

-28.67 %

76.658,00

28.44 %

59.684,00

taxation

15.765,00

-43.14 %

27.726,00

24.23 %

22.318,00

results on ordinary operations after taxation

38.914,00

-20.47 %

48.932,00

30.95 %

37.366,00

extraordinary items

1.600,00

-

0,00

-

0,00

other appropriations

0

-

0

-100.00 %

-1

net result

40.514,00

-17.20 %

48.932,00

30.96 %

37.365,00

other information

dividends

-

-

-

-

-

director remuneration

68.700,00

-

-

-

-

employee costs

9.175,00

-65.96 %

26.955,00

3.18 %

26.123,00

-- wages and salary

7.170,00

-72.36 %

25.940,00

5.76 %

24.528,00

-- employee pension costs

-

-

-

-

-

-- social security contributions

1.203,00

59.34 %

755,00

-49.02 %

1.481,00

-- other employee costs

802,00

208.46 %

260,00

128.07 %

114,00

amortization and depreciation

12.182,00

43.10 %

8.513,00

1.25 %

8.408,00

 

balance sheet

annual accounts

31-12-2009

change(%)

31-12-2008

change(%)

31-12-2007

weeks

52

 

52

 

52

currency

EUR

 

EUR

 

EUR

 

intangible fixed assets

0,00

-

0,00

-

0,00

tangible fixed assets

252.747,00

123.94 %

112.864,00

-5.18 %

119.033,00

-- land & building

238.974,00

147.28 %

96.641,00

-2.91 %

99.539,00

-- plant & machinery

11.415,00

23.35 %

9.254,00

17.63 %

7.867,00

-- other tangible assets

2.358,00

-66.16 %

6.969,00

-40.06 %

11.627,00

financial fixed assets

0,00

-

0,00

-

0,00

total fixed assets

252.747,00

123.94 %

112.864,00

-5.18 %

119.033,00

inventories

4.838.389,00

15.20 %

4.200.127,00

27.30 %

3.299.419,00

-- raw materials & consumables

0,00

-

0,00

-

0,00

-- work in progress

0,00

-

0,00

-

0,00

-- finished goods

0,00

-

0,00

-

0,00

-- other stocks

4.838.389,00

15.20 %

4.200.127,00

27.30 %

3.299.419,00

trade debtors

4.747.886,00

-19.58 %

5.903.673,00

-24.24 %

7.793.067,00

cash

777.272,00

-6.51 %

831.356,00

801.93 %

92.175,00

other amounts receivable

128.165,00

128.41 %

56.111,00

-23.70 %

73.538,00

-- miscellaneous current assets

66.750,00

1,492.32 %

4.192,00

11.08 %

3.774,00

total current assets

10.558.462,00

-3.97 %

10.995.459,00

-2.37 %

11.261.973,00

current liabilities

-- trade creditors

3.058.079,00

161.73 %

1.168.409,00

-66.88 %

3.527.911,00

-- short term group loans

0,00

-

0,00

-

0,00

-- other short term loans

1.153.800,00

-66.44 %

3.437.700,00

125.19 %

1.526.552,00

-- miscellaneous current liabilities

824.147,00

-47.75 %

1.577.390,00

6.46 %

1.481.702,00

total current liabilities

5.036.026,00

-2.67 %

6.183.499,00

-2.40 %

6.536.165,00

long term debts

-- long term group loans

0,00

-

0,00

-

0,00

-- other long term loans

1.607.171,00

102.44 %

793.898,00

4.15 %

762.251,00

-- other long term liabilities

1.322,00

-72.17 %

4.750,00

-11.15 %

5.346,00

total long term debts

1.608.493,00

101.40 %

798.648,00

4.05 %

767.597,00

shareholders equity

-- issued share capital

18.600,00

0.00 %

18.600,00

0.00 %

18.600,00

-- share premium account

0,00

-

0,00

-

0,00

-- reserves

4.148.091,00

0.99 %

4.107.576,00

1.21 %

4.058.644,00

-- revaluation reserve

0,00

-

0,00

-

0,00

total shareholders equity

4.166.691,00

0.98 %

4.126.176,00

1.20 %

4.077.244,00

working capital

5.522.436,00

14.76 %

4.811.960,00

1.82 %

4.725.808,00

net worth

4.166.691,00

0.98 %

4.126.176,00

1.20 %

4.077.244,00

 

ratio analysis

annual accounts

31-12-2009

change(%)

31-12-2008

change(%)

31-12-2007

trading performance

results on ordinary operations before taxation margin

0.24

-11.11 %

0.27

17.39 %

0.23

return on capital employed

0.95

-39.10 %

1.56

26.83 %

1.23

return on total assets employed

0.51

-26.09 %

0.69

32.69 %

0.52

return on net assets employed

0.99

-37.74 %

1.59

26.19 %

1.26

sales / net working capital

4.10

-29.67 %

5.83

6.97 %

5.45

operating efficiency

stock turnover ratio

21.39

42.79 %

14.98

16.85 %

12.82

debtor days

76.62

-0.31 %

76.86

-30.44 %

110.50

creditor days

49.68

192.75 %

16.97

-66.34 %

50.41

short term stability

current ratio

2.10

17.98 %

1.78

3.49 %

1.72

liquidity ratio / acid ratio

1.14

3.64 %

1.10

-9.84 %

1.22

current debt ratio

1.21

-19.33 %

1.50

-6.25 %

1.60

liquidity ratio reprocessed

2.69

-32.41 %

3.98

78.48 %

2.23

long term stability

gearing

66.26

-35.39 %

102.55

82.67 %

56.14

equity in percentage

0.39

5.41 %

0.37

2.78 %

0.36

total debt ratio

0.66

-35.92 %

1.03

83.93 %

0.56

 

industry comparison

activity code

46761

activity description

Wholesale of diamonds and other precious stones

industry average credit rating

57.16

industry average credit limit

105114.61

 

 

payment expectations

suspension of payments / moratorium history

 

 

amount

-

 

 

details

-

 

 

 

payment expectations

payment expectation days

49.68

day sales outstanding

76.62

 

industry comparison

activity code

4676

activity description

Wholesale of other intermediate products

industry average payment expectation days

132.10

industry average day sales outstanding

121.89

 

industry quartile analysis

payment expectations

 

company result

49.68

lower

39.38

median

83.46

upper

159.39

 

day sales outstanding

 

company result

76.62

lower

30.95

median

72.23

upper

156.50

 

 

 

 

court data

 

protested bills

drawee name

-

address

-

bill amount

-

bill currency

-

maturity of bill

-

name of drawer

-

city of drawer

-

 

NSSO details

business number

476640974

name of defendant

-

legal form of defendant

-

date of summons

-

labour court

-

bankruptcy details

there is no bankruptcy data against this company

 

 

 

 

director details

 

director details

Name                        HITESHKUMAR PREMJI VANANI

Position                     Manager

Street                        0 401 YASH APTS 90 AK MARG. MUMBAI 400036

Post Code                 -

Country                     India

 

 

Name                       JIGNESHKUMAR VANINI

Position                    Manager

Street                       14 QUINTEN MATSIJSLEI ANTWERPEN

Post Code                 2018

Country                     -

 

 

Name                           TUSHAR VALLABHBHAI VANANI

Position                        Manager

Street                           14 QUINTEN MATSIJSLEI ANTWERPEN

Post Code                    2018

Country                        -

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.30

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

 

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%)

 

 

 

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.