MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
INTERCONTINENTAL ROUGH DIAMONDS NV |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen |
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|
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|
Country : |
Belgium |
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|
|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
06.09.1983 |
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Com. Reg. No.: |
424593447 |
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|
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Legal Form : |
Limited Company |
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|
|
|
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 : |
No Complaints |
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|
|
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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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
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|
Company Number |
424593447 |
|
Name |
INTERCONTINENTAL ROUGH DIAMONDS NV |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032313611 |
|
Fax Number |
032338657 |
|
Establishment Date |
06-09-1983 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited 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 |
-- |
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House Number |
|
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City |
-- |
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Postal Code |
|
|
Trade Registered Number |
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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 |
-- |
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Latest Event |
|
|
Serial Number |
79773 |
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Event Description |
Reappointment commissioner |
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Limit |
|
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Credit Information |
|
|
Purchase Limit (€) |
3,000,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
25.92 |
|
Day Sales Outstanding |
38.71 |
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Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.66 |
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Industry Average
Payment Expectation Days |
137 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.25 |
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Payment Expectations - Median |
90.32 |
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Payment Expectations - Upper |
162.53 |
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|
|
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Day Sales Outstanding - Lower |
31.52 |
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Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
Company Accounts
|
Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
14,809,022 |
7,755,541 |
10,260,756 |
|
Total Operating Expenses |
14,752,616 |
7,692,407 |
10,168,903 |
|
Operating Result |
56,406 |
63,134 |
91,853 |
|
Total Financial Income |
22 |
605 |
141 |
|
Total Financial Expenses |
41,506 |
64,473 |
81,015 |
|
Results on Ordinary Operations Before Tax |
14,923 |
-734 |
10,979 |
|
Taxation |
5,822 |
1,800 |
5,175 |
|
Results on Ordinary Operations After Tax |
9,101 |
-2,534 |
5,804 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
9,100 |
-2,534 |
5,804 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
27,346 |
24,556 |
24,490 |
|
- Wages & Salaries |
21,655 |
19,591 |
20,073 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
4,371 |
3,963 |
3,184 |
|
- Other Employee Costs |
1,320 |
1,002 |
1,233 |
|
Amortization & Depreciation |
34,450 |
36,220 |
32,622 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
528,369 |
556,066 |
590,319 |
|
- Land And Buildings |
475,001 |
482,375 |
489,750 |
|
- Plant And Machinery |
13,033 |
10,402 |
12,976 |
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- Other Tangible Assets |
40,335 |
63,289 |
87,593 |
|
Financial Fixed Assets |
124 |
124 |
124 |
|
Total Fixed Assets |
528,493 |
556,190 |
590,443 |
|
Inventories |
1,479,306 |
1,496,885 |
1,172,575 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,479,306 |
1,496,885 |
1,172,575 |
|
Trade Debtors |
1,570,746 |
816,110 |
1,801,059 |
|
Cash |
27,528 |
103,036 |
455,487 |
|
- Miscellaneous Current Assets |
5,308 |
7,541 |
10,946 |
|
Total Current Assets |
3,087,200 |
2,519,260 |
3,485,334 |
|
Current Liabilities |
|||
|
- Trade Creditors |
1,047,588 |
707,461 |
1,369,417 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
761,859 |
336,776 |
959,800 |
|
- Miscellaneous Current Liabilities |
74,990 |
296,060 |
-5,576 |
|
Total Current Liabilities |
1,884,437 |
1,340,297 |
2,323,641 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
48,777 |
61,831 |
74,937 |
|
- Other Long Term Liabilities |
192 |
135 |
1,491 |
|
Total Long Term Debts |
48,969 |
61,966 |
76,428 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
62,000 |
62,000 |
62,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,266,532 |
1,257,432 |
1,259,954 |
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- Revaluation Reserve |
353,755 |
353,755 |
353,755 |
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Total Shareholders Equity |
1,682,287 |
1,673,187 |
1,675,709 |
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|
|||
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Working Capital |
1,202,763 |
1,178,963 |
1,161,693 |
|
Net Worth |
1,682,287 |
1,673,187 |
1,675,709 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.10 |
-0.01 |
0.11 |
|
Return On Capital Employed |
0.86 |
-0.04 |
0.63 |
|
Return On Total Assets Employed |
0.41 |
-0.02 |
0.27 |
|
Return On Net Assets Employed |
1.24 |
-0.06 |
0.95 |
|
Sales / Net Working Capital |
12.31 |
6.58 |
8.83 |
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Operating Efficiency |
|||
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Stock Turnover Ratio |
9.99 |
19.30 |
11.43 |
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Debtor Days |
38.71 |
38.41 |
64.07 |
|
Creditor Days |
25.92 |
33.57 |
49.15 |
|
Short Term Stability |
|||
|
Current Ratio |
1.64 |
1.88 |
1.50 |
|
Liquidity Ratio / Acid Ratio |
0.85 |
0.76 |
1 |
|
Current Debt Ratio |
1.12 |
0.80 |
1.39 |
|
Long Term Stability |
|||
|
Gearing |
48.19 |
23.82 |
61.75 |
|
Equity In Percentage |
0.47 |
0.54 |
0.41 |
|
Total Debt Ratio |
0.48 |
0.24 |
0.62 |
Company Court Data
|
Protested Bills |
|
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Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
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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 |
-- |
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Directors |
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Company Director |
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Full Name |
NATY WIEN |
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Birth Date |
1947-08-05 |
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Position Description |
Managing director |
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Address |
21 VAN PUTLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
2012-01-01 |
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Company Director |
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Full Name |
MICHAEL WIEN |
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Birth Date |
|
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Position Description |
Director |
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Address |
12 MEZENLAAN ANTWERPEN(WILRIJK) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
2012-01-01 |
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Company Director |
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Full Name |
ROSETTE LESSER |
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Birth Date |
|
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Position Description |
Director |
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Address |
21 VAN PUTLEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
2012-01-01 |
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 |
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---- |
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.