MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
MACKIE DIAMONDS BVBA |
|
|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
17.10.1989 |
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|
|
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Com. Reg. No.: |
438665078 |
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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 : |
Good |
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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 |
438665078 |
|
Name |
MACKIE DIAMONDS BVBA |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032132899 |
|
Fax Number |
032132902 |
|
Establishment Date |
17-10-1989 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability 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 |
-- |
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Postal Code |
|
|
Trade Registered Number |
|
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Trade Registered Entry Date |
-- |
|
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 |
100498 |
|
Event Description |
Change of articles of association |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
12,600,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
21.17 |
|
Day Sales Outstanding |
22.14 |
|
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 |
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|
|
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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 |
63,036,826 |
46,753,408 |
74,976,757 |
|
Total Operating Expenses |
62,582,992 |
46,171,875 |
74,393,971 |
|
Operating Result |
453,834 |
581,533 |
582,786 |
|
Total Financial Income |
62 |
414 |
96 |
|
Total Financial Expenses |
386,272 |
527,412 |
483,098 |
|
Results on Ordinary Operations Before Tax |
67,624 |
54,534 |
99,784 |
|
Taxation |
24,009 |
14,251 |
481,711 |
|
Results on Ordinary Operations After Tax |
43,615 |
40,283 |
-381,927 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
43,615 |
40,283 |
-381,926 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
125,276 |
|
Employee Costs |
131,385 |
114,978 |
85,886 |
|
- Wages & Salaries |
99,078 |
88,032 |
67,095 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
26,318 |
21,067 |
14,635 |
|
- Other Employee Costs |
5,989 |
5,879 |
4,156 |
|
Amortization & Depreciation |
37,448 |
37,055 |
37,559 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
331,811 |
294,082 |
327,767 |
|
- Land And Buildings |
234,005 |
238,596 |
243,187 |
|
- Plant And Machinery |
40,162 |
9,149 |
13,380 |
|
- Other Tangible Assets |
57,644 |
46,337 |
71,200 |
|
Financial Fixed Assets |
52 |
52 |
52 |
|
Total Fixed Assets |
331,863 |
294,134 |
327,819 |
|
Inventories |
8,851,270 |
11,623,491 |
3,384,455 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
8,851,270 |
11,623,491 |
3,384,455 |
|
Trade Debtors |
3,824,042 |
5,636,016 |
5,249,254 |
|
Cash |
137,654 |
120,704 |
57,256 |
|
- Miscellaneous Current Assets |
5,698 |
6,117 |
33,487 |
|
Total Current Assets |
13,156,039 |
17,546,323 |
8,847,898 |
|
Current Liabilities |
|||
|
- Trade Creditors |
3,630,461 |
8,018,890 |
1,306,078 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
3,801,031 |
3,572,749 |
2,699,728 |
|
- Miscellaneous Current Liabilities |
591,483 |
738,427 |
28,683 |
|
Total Current Liabilities |
8,022,975 |
12,330,066 |
4,034,489 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
0 |
9,140 |
33,393 |
|
- Other Long Term Liabilities |
2,388,755 |
2,468,693 |
2,341,495 |
|
Total Long Term Debts |
2,388,755 |
2,477,833 |
2,374,888 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
18,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
3,057,573 |
3,013,958 |
2,747,740 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
3,076,173 |
3,032,558 |
2,766,340 |
|
|
|||
|
Working Capital |
5,133,064 |
5,216,257 |
4,813,409 |
|
Net Worth |
3,076,173 |
3,032,558 |
2,766,340 |
|
Ratio Analysis |
|||
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Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.11 |
0.12 |
0.13 |
|
Return On Capital Employed |
1.24 |
0.99 |
1.94 |
|
Return On Total Assets Employed |
0.50 |
0.31 |
1.09 |
|
Return On Net Assets Employed |
1.32 |
1.05 |
2.07 |
|
Sales / Net Working Capital |
12.28 |
8.96 |
15.58 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
14.04 |
24.86 |
4.51 |
|
Debtor Days |
22.14 |
44 |
25.55 |
|
Creditor Days |
21.17 |
63.39 |
6.41 |
|
Short Term Stability |
|||
|
Current Ratio |
1.64 |
1.42 |
2.19 |
|
Liquidity Ratio / Acid Ratio |
0.54 |
0.48 |
1.35 |
|
Current Debt Ratio |
2.61 |
4.07 |
1.46 |
|
Long Term Stability |
|||
|
Gearing |
123.56 |
118.11 |
98.80 |
|
Equity In Percentage |
0.23 |
0.17 |
0.30 |
|
Total Debt Ratio |
1.24 |
1.18 |
0.99 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
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Drawee Address |
-- |
|
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 |
|
|
Full Name |
HUSSEIN MACKIE |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
0 FREETOWN SIERRA LEONE |
|
Country |
Sierra Leone |
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Postal Code |
0 |
|
Birth Date |
|
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Company Director |
|
|
Full Name |
ALI MACKIE |
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Birth Date |
|
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Position Description |
Manager |
|
Address |
68 JAN VAN RIJSWIJCKLAAN ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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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.