MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
GEMMATA NV |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
24.01.1983 |
|
|
|
|
Com. Reg. No.: |
423797948 |
|
|
|
|
Legal Form : |
Limited 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 : |
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
Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
423797948 |
|
Name |
GEMMATA NV |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032338757 |
|
Fax Number |
032329822 |
|
Establishment Date |
24-01-1983 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
2 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
30266 |
|
Event Description |
Appointment |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
1,700,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
127.64 |
|
Day Sales Outstanding |
99.27 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.66 |
|
Industry Average Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
|
|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
879633810 |
|
Company Name |
BOOBIJOU BVBA |
|
Address |
HOVENIERSSTRAAT 2/530, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
80 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
17070911 |
|
Company Name |
APHRODIAMANTE GMBH |
|
Address |
RAPELALLEE 29, SEDDINER SEE |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
61 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
17070812 |
|
Company Name |
DIAMOND TECHNOLOGIES |
|
Address |
PANTELIMON AVE 1, BUCAREST |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
29 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
464008408 |
|
Company Name |
CASA GI INTERNATIONAL NV |
|
Address |
HOVENIERSSTRAAT 2/530, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
13 |
|
Annual Accounts Date |
01-12-2009 |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
8,712,912 |
16,552,300 |
17,879,349 |
|
Total Operating Expenses |
9,190,241 |
16,384,835 |
17,654,939 |
|
Operating Result |
-477,329 |
167,465 |
224,410 |
|
Total Financial Income |
73,171 |
8,379 |
13,929 |
|
Total Financial Expenses |
68,653 |
227,987 |
198,856 |
|
Results on Ordinary Operations Before Tax |
-472,812 |
-52,143 |
39,483 |
|
Taxation |
-360 |
3,916 |
9,880 |
|
Results on Ordinary Operations After Tax |
-472,452 |
-56,059 |
29,603 |
|
Extraordinary Items |
0 |
-1,117 |
0 |
|
Net Result |
-472,452 |
-57,176 |
29,603 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
103,515 |
159,519 |
131,380 |
|
- Wages & Salaries |
83,062 |
123,421 |
104,079 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
20,453 |
31,466 |
22,249 |
|
- Other Employee Costs |
- |
4,632 |
5,052 |
|
Amortization & Depreciation |
17,850 |
25,078 |
25,147 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
13,115 |
30,965 |
57,754 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
10,005 |
13,755 |
20,736 |
|
- Other Tangible Assets |
3,110 |
17,210 |
37,018 |
|
Financial Fixed Assets |
289,937 |
144,937 |
82,433 |
|
Total Fixed Assets |
303,052 |
175,902 |
140,187 |
|
Inventories |
2,851,536 |
3,696,110 |
1,888,221 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
2,851,536 |
3,696,110 |
1,888,221 |
|
Trade Debtors |
2,369,686 |
2,654,281 |
3,040,056 |
|
Cash |
519,540 |
455,551 |
229,744 |
|
- Miscellaneous Current Assets |
151,477 |
253,441 |
303,385 |
|
Total Current Assets |
5,972,585 |
7,278,883 |
5,517,406 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,213,745 |
3,878,032 |
2,020,361 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
2,865 |
15,713 |
32,125 |
|
- Miscellaneous Current Liabilities |
17,015 |
31,576 |
23,287 |
|
Total Current Liabilities |
3,233,625 |
3,925,321 |
2,075,773 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
0 |
7,836 |
|
- Other Long Term Liabilities |
0 |
15,000 |
2,345 |
|
Total Long Term Debts |
0 |
15,000 |
10,181 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
278,880 |
278,880 |
278,880 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
2,763,132 |
3,235,584 |
3,292,759 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,042,012 |
3,514,464 |
3,571,639 |
|
|
|||
|
Working Capital |
2,738,960 |
3,353,562 |
3,441,633 |
|
Net Worth |
3,042,012 |
3,514,464 |
3,571,639 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-5.43 |
-0.32 |
0.22 |
|
Return On Capital Employed |
-15.54 |
-1.48 |
1.10 |
|
Return On Total Assets Employed |
-7.53 |
-0.70 |
0.70 |
|
Return On Net Assets Employed |
-17.26 |
-1.55 |
1.15 |
|
Sales / Net Working Capital |
3.18 |
4.94 |
5.20 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
32.73 |
22.33 |
10.56 |
|
Debtor Days |
99.27 |
58.53 |
62.06 |
|
Creditor Days |
127.64 |
86.39 |
41.77 |
|
Short Term Stability |
|||
|
Current Ratio |
1.85 |
1.85 |
2.66 |
|
Liquidity Ratio / Acid Ratio |
0.97 |
0.91 |
1.75 |
|
Current Debt Ratio |
1.06 |
1.12 |
0.58 |
|
Long Term Stability |
|||
|
Gearing |
0.09 |
0.45 |
1.12 |
|
Equity In Percentage |
0.48 |
0.47 |
0.63 |
|
Total Debt Ratio |
0 |
0 |
0.01 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
JAN LEEMANS |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
31 VOSHOLLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2013-01-01 |
|
Company Director |
|
|
Full Name |
STEFAAN LEEMANS |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
31 VOSHOLLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2013-01-01 |
|
Company Director |
|
|
Full Name |
DENNIS LEEMANS |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
12 LEOPOLD GILISLAAN DEURNE (ANTWERPEN) |
|
Country |
-- |
|
Postal Code |
2100 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 Business |
---- |
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.