MIRA INFORM REPORT
|
Report Date : |
23.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIAMBEL NV |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.07.1985 |
|
|
|
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Com. Reg. No.: |
427397143 |
|
|
|
|
Legal Form : |
Limited 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 |
|
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
Summary
|
company details |
|
|
Company Number |
427397143 |
|
Name |
|
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032314367 |
|
Fax Number |
032310522 |
|
Establishment Date |
01-07-1985 |
|
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 |
HOVENIERSSTRAAT |
|
House Number |
9 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
246739 |
|
Trade Registered Entry Date |
01-07-1985 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
172024 |
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Event Description |
Extension of goal |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
9,700,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,649 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
214.39 |
|
Day Sales Outstanding |
152.81 |
|
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 |
48,517,004 |
76,865,844 |
92,487,434 |
|
Total Operating Expenses |
47,518,427 |
75,231,715 |
90,283,696 |
|
Operating Result |
998,577 |
1,634,129 |
2,203,738 |
|
Total Financial Income |
5,238 |
100,210 |
14,076 |
|
Total Financial Expenses |
947,090 |
1,600,810 |
2,048,793 |
|
Results on Ordinary Operations Before Tax |
56,725 |
133,529 |
169,022 |
|
Taxation |
-29,283 |
24,339 |
21,041 |
|
Results on Ordinary Operations After Tax |
86,008 |
109,190 |
147,981 |
|
Extraordinary Items |
19,731 |
8,030 |
-8,643 |
|
Net Result |
113,329 |
132,924 |
139,338 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
73,882 |
62,909 |
106,389 |
|
- Wages & Salaries |
61,944 |
53,036 |
86,473 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
11,243 |
8,386 |
17,993 |
|
- Other Employee Costs |
695 |
1,487 |
1,923 |
|
Amortization & Depreciation |
61,719 |
61,529 |
68,088 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
896,642 |
882,356 |
964,605 |
|
- Land And Buildings |
750,767 |
740,454 |
796,435 |
|
- Plant And Machinery |
118,912 |
139,255 |
163,460 |
|
- Other Tangible Assets |
26,963 |
2,647 |
4,710 |
|
Financial Fixed Assets |
0 |
0 |
679,302 |
|
Total Fixed Assets |
896,642 |
882,356 |
1,643,907 |
|
Inventories |
38,228,055 |
33,613,862 |
32,034,868 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
38,228,055 |
33,613,862 |
32,034,868 |
|
Trade Debtors |
20,312,446 |
23,789,163 |
28,475,104 |
|
Cash |
215,793 |
52,419 |
130,988 |
|
- Miscellaneous Current Assets |
3,713 |
11,425 |
9,941 |
|
Total Current Assets |
59,014,218 |
57,534,736 |
60,712,342 |
|
Current Liabilities |
|||
|
- Trade Creditors |
27,911,180 |
20,134,219 |
17,448,161 |
|
- Short Term Group Loans |
25,835,323 |
11,903,560 |
0 |
|
- Other Short Term Loans |
745,392 |
14,739,447 |
21,416,672 |
|
- Miscellaneous Current Liabilities |
-25,087,997 |
-11,358,312 |
523,798 |
|
Total Current Liabilities |
29,403,898 |
35,418,914 |
39,388,631 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
17,665 |
0 |
0 |
|
- Other Long Term Liabilities |
543,060 |
573,359 |
675,722 |
|
Total Long Term Debts |
560,725 |
573,359 |
675,722 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
3,327,979 |
3,309,379 |
3,309,379 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
26,618,258 |
19,115,440 |
18,982,517 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
29,946,237 |
22,424,819 |
22,291,896 |
|
|
|||
|
Working Capital |
29,610,320 |
22,115,822 |
21,323,711 |
|
Net Worth |
29,946,237 |
22,424,819 |
22,291,896 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.12 |
0.17 |
0.18 |
|
Return On Capital Employed |
0.19 |
0.58 |
0.74 |
|
Return On Total Assets Employed |
0.09 |
0.23 |
0.27 |
|
Return On Net Assets Employed |
0.19 |
0.60 |
0.79 |
|
Sales / Net Working Capital |
1.64 |
3.48 |
4.34 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
78.79 |
43.73 |
34.64 |
|
Debtor Days |
152.81 |
112.96 |
112.38 |
|
Creditor Days |
214.39 |
97.68 |
70.54 |
|
Short Term Stability |
|||
|
Current Ratio |
2.01 |
1.62 |
1.54 |
|
Liquidity Ratio / Acid Ratio |
0.71 |
0.68 |
0.73 |
|
Current Debt Ratio |
0.98 |
1.58 |
1.77 |
|
Long Term Stability |
|||
|
Gearing |
88.82 |
118.81 |
96.07 |
|
Equity In Percentage |
0.50 |
0.38 |
0.36 |
|
Total Debt Ratio |
0.89 |
1.19 |
0.96 |
Company
Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
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 |
|
|
Company Director |
|
|
Full Name |
PARESH RASIKLAL SANGHVI |
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Birth Date |
|
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Position Description |
Managing director |
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Address |
12 ZINKHOEVELAAN ANTWERPEN(WILRIJK) |
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Country |
-- |
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Postal Code |
2610 |
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Birth Date |
2018-01-01 |
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Company Director |
|
|
Full Name |
SARJUBEN SANGHVI |
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Birth Date |
|
|
Position Description |
Director |
|
Address |
12 ZINKHOEVELAAN ANTWERPEN(WILRIJK) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2018-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
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.