MIRA INFORM
REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
IDEAL DIAMONDS BVBA |
|
|
|
|
Registered Office : |
50, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
|
Date of Incorporation : |
15.11.1990 |
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|
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Com. Reg. No.: |
441900722 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
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 |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
|
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 |
441900722 |
|
Name |
IDEAL DIAMONDS BVBA |
|
Address |
50, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032337200 |
|
Fax Number |
032342812 |
|
Establishment Date |
15-11-1990 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
0 |
|
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 |
-- |
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Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
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Contractor Details |
|
|
Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
494 |
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Event Description |
Appointment |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
700,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
302.03 |
|
Day Sales Outstanding |
161.90 |
|
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 |
|
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 |
4,659,888 |
7,160,279 |
5,922,770 |
|
Total Operating Expenses |
4,658,465 |
7,133,818 |
5,897,166 |
|
Operating Result |
1,423 |
26,461 |
25,604 |
|
Total Financial Income |
275 |
342 |
391 |
|
Total Financial Expenses |
11,775 |
17,098 |
28,639 |
|
Results on Ordinary Operations Before Tax |
-10,078 |
9,705 |
-2,645 |
|
Taxation |
348 |
2,292 |
465 |
|
Results on Ordinary Operations After Tax |
-10,426 |
7,413 |
-3,110 |
|
Extraordinary Items |
10,522 |
0 |
0 |
|
Net Result |
96 |
7,414 |
-3,110 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
61,435 |
|
Employee Costs |
768 |
682 |
776 |
|
- Wages & Salaries |
- |
- |
- |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
|
- Other Employee Costs |
768 |
682 |
776 |
|
Amortization & Depreciation |
12,358 |
10,137 |
11,780 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
317,216 |
315,070 |
310,568 |
|
- Land And Buildings |
289,653 |
297,531 |
305,409 |
|
- Plant And Machinery |
3,623 |
17,233 |
4,503 |
|
- Other Tangible Assets |
23,940 |
306 |
656 |
|
Financial Fixed Assets |
5,628 |
5,628 |
5,628 |
|
Total Fixed Assets |
322,844 |
320,698 |
316,196 |
|
Inventories |
1,956,834 |
2,524,002 |
3,622,306 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,956,834 |
2,524,002 |
3,622,306 |
|
Trade Debtors |
2,066,939 |
6,444,413 |
4,300,975 |
|
Cash |
230,590 |
41,064 |
76,681 |
|
- Miscellaneous Current Assets |
8,180 |
7,276 |
4,266 |
|
Total Current Assets |
4,263,072 |
9,017,532 |
8,006,997 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,854,743 |
8,559,709 |
7,444,406 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
180,433 |
203,144 |
281,248 |
|
- Miscellaneous Current Liabilities |
-35,064 |
-28,855 |
-19,724 |
|
Total Current Liabilities |
4,000,112 |
8,733,998 |
7,705,930 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
31,656 |
43,343 |
70,135 |
|
- Other Long Term Liabilities |
2,011 |
8,848 |
2,501 |
|
Total Long Term Debts |
33,667 |
52,191 |
72,636 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
533,536 |
533,440 |
526,027 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
552,136 |
552,040 |
544,627 |
|
|
|||
|
Working Capital |
262,960 |
283,534 |
301,067 |
|
Net Worth |
552,136 |
552,040 |
544,627 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-0.22 |
0.14 |
-0.04 |
|
Return On Capital Employed |
-1.72 |
1.61 |
-0.43 |
|
Return On Total Assets Employed |
-0.22 |
0.10 |
-0.03 |
|
Return On Net Assets Employed |
-3.83 |
3.42 |
-0.88 |
|
Sales / Net Working Capital |
17.72 |
25.25 |
19.67 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
41.99 |
35.25 |
61.16 |
|
Debtor Days |
161.90 |
328.51 |
265.05 |
|
Creditor Days |
302.03 |
437.96 |
460.77 |
|
Short Term Stability |
|||
|
Current Ratio |
1.07 |
1.03 |
1.04 |
|
Liquidity Ratio / Acid Ratio |
0.58 |
0.74 |
0.57 |
|
Current Debt Ratio |
7.24 |
15.82 |
14.15 |
|
Long Term Stability |
|||
|
Gearing |
38.41 |
44.65 |
64.52 |
|
Equity In Percentage |
0.12 |
0.06 |
0.07 |
|
Total Debt Ratio |
0.38 |
0.45 |
0.65 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
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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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
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Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
ASSAD TOUFIC ABOU-HABIB |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
50 HOVENIERSSTRAAT ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
|
|
Company Director |
|
|
Full Name |
MASSOUD SENRANI |
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Birth Date |
|
|
Position Description |
Manager |
|
Address |
84 FRANKRIJKLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2000 |
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Birth Date |
|
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Company Director |
|
|
Full Name |
ELIE ABOU-HABIB |
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Birth Date |
|
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Position Description |
Manager |
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Address |
83 KLEINE DOORNSTRAAT ANTWERPEN(WILRIJK) |
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Country |
-- |
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Postal Code |
2610 |
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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.