MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SPARKLE DIAM BVBA |
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|
|
|
Registered Office : |
2, Hoveniersstraat, Antwerpen 2018 |
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|
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Country : |
Belgium |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.07.1990 |
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Com. Reg. No.: |
441428885 |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
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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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|
|
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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 |
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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 |
441428885 |
|
Name |
SPARKLE DIAM BVBA |
|
Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032266750 |
|
Fax Number |
032266781 |
|
Establishment Date |
05-07-1990 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
1 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HOVENIERSSTRAAT |
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House Number |
2 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
278765 |
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Trade Registered Entry Date |
01-10-1990 |
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Contractor Details |
|
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Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
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Serial Number |
3316 |
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Event Description |
Appointment commissioner |
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Limit |
|
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Credit Information |
|
|
Purchase Limit (€) |
3,400,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,643 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
18.33 |
|
Day Sales Outstanding |
54.96 |
|
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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|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
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 |
17,110,864 |
17,882,300 |
23,499,729 |
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Total Operating Expenses |
16,961,492 |
17,757,320 |
23,366,967 |
|
Operating Result |
149,372 |
124,980 |
132,762 |
|
Total Financial Income |
- |
17 |
760 |
|
Total Financial Expenses |
121,557 |
96,056 |
93,171 |
|
Results on Ordinary Operations Before Tax |
27,815 |
28,941 |
40,350 |
|
Taxation |
7,191 |
8,804 |
12,673 |
|
Results on Ordinary Operations After Tax |
20,624 |
20,137 |
27,677 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
20,624 |
20,137 |
27,677 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
15,137 |
52,268 |
25,611 |
|
- Wages & Salaries |
12,515 |
48,601 |
23,764 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
1,722 |
3,276 |
1,485 |
|
- Other Employee Costs |
900 |
391 |
362 |
|
Amortization & Depreciation |
19,461 |
5,397 |
3,798 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
375,149 |
366,287 |
56,420 |
|
- Land And Buildings |
284,649 |
299,159 |
50,164 |
|
- Plant And Machinery |
88,707 |
65,067 |
6,011 |
|
- Other Tangible Assets |
1,793 |
2,061 |
245 |
|
Financial Fixed Assets |
498 |
498 |
498 |
|
Total Fixed Assets |
375,647 |
366,785 |
56,918 |
|
Inventories |
1,849,662 |
2,889,955 |
1,363,256 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
1,849,662 |
2,889,955 |
1,363,256 |
|
Trade Debtors |
2,576,386 |
2,132,204 |
3,874,880 |
|
Cash |
450,261 |
97,748 |
7,358 |
|
- Miscellaneous Current Assets |
-1,036,629 |
5,579 |
5,016 |
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Total Current Assets |
3,861,194 |
5,128,848 |
5,254,306 |
|
Current Liabilities |
|||
|
- Trade Creditors |
851,909 |
2,858,832 |
2,803,258 |
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- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
1,221,210 |
1,498,654 |
1,628,464 |
|
- Miscellaneous Current Liabilities |
-5,758 |
63,457 |
88,480 |
|
Total Current Liabilities |
2,067,361 |
4,420,943 |
4,520,202 |
|
Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
302,111 |
269,111 |
0 |
|
- Other Long Term Liabilities |
1,043,015 |
1,849 |
7,429 |
|
Total Long Term Debts |
1,345,126 |
270,960 |
7,429 |
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Shareholders Equity |
|||
|
- Issued Share Capital |
18,600 |
18,600 |
18,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
805,754 |
785,130 |
764,993 |
|
- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
824,354 |
803,730 |
783,593 |
|
|
|||
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Working Capital |
1,793,833 |
707,905 |
734,104 |
|
Net Worth |
824,354 |
803,730 |
783,593 |
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Ratio Analysis |
|||
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.16 |
0.16 |
0.17 |
|
Return On Capital Employed |
1.28 |
2.69 |
5.10 |
|
Return On Total Assets Employed |
0.66 |
0.53 |
0.76 |
|
Return On Net Assets Employed |
1.55 |
4.09 |
5.50 |
|
Sales / Net Working Capital |
9.54 |
25.26 |
32.01 |
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Operating Efficiency |
|||
|
Stock Turnover Ratio |
10.81 |
16.16 |
5.80 |
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Debtor Days |
54.96 |
43.52 |
60.19 |
|
Creditor Days |
18.33 |
58.76 |
43.79 |
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Short Term Stability |
|||
|
Current Ratio |
1.87 |
1.16 |
1.16 |
|
Liquidity Ratio / Acid Ratio |
0.97 |
0.51 |
0.86 |
|
Current Debt Ratio |
2.51 |
5.50 |
5.77 |
|
Long Term Stability |
|||
|
Gearing |
184.79 |
219.95 |
207.82 |
|
Equity In Percentage |
0.19 |
0.15 |
0.15 |
|
Total Debt Ratio |
1.85 |
2.20 |
2.08 |
Company Court Data
|
Protested Bills |
|
|
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 |
AJIT BARMECHA |
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Birth Date |
|
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Position Description |
Manager |
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Address |
36 ARENDSNESTLAAN EDEGEM |
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Country |
-- |
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Postal Code |
2650 |
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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.