MIRA INFORM
REPORT
|
Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
HK DIAM EVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2 Antwerpen, 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
17.07.2002 |
|
|
|
|
Com. Reg. No.: |
478090135 |
|
|
|
|
Legal Form : |
Private (Sole-Trader) Limited Liability Comp. |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 Summary |
|
|
Business Name |
HK DIAM EVBA |
|
Business Number |
478090135 |
|
Address |
HOVENIERSSTRAAT 2 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032340433 |
|
Fax Number |
032340373 |
|
Date of Establishment |
17/07/2002 |
|
Number of Employees |
1 |
|
Credit Information Summary |
|
|
Purchase Limit (€) |
7,200,000 |
|
Date of Deposit at Registry |
29/07/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
71,782,323 |
|
Results of Ordinary Operations Before Tax |
122,854 |
|
Networth |
3,729,982 |
|
Past Payments |
|
|
Payment Expectation Days |
21.57 |
|
Days Sales Outstanding |
96.61 |
|
Industry Average Payment Expectation Days |
136.81 |
|
Industry Average Day Sales Outstanding |
125.81 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company details |
|
|
Business Number |
478090135 |
|
Name |
HK DIAM EVBA |
|
Fax Number |
032340373 |
|
Establishment Date |
17/07/2002 |
|
Company Status |
ACTIVE |
|
Company Type |
Private (sole-trader) limited liability comp. |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
VAN EYCKLEI |
|
House Number |
41 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
351263 |
|
Trade Registered Entry Date |
01/10/2002 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
79749 |
|
Event Description |
Appointment |
Accounts
& Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
71,782,323 |
-3.4% |
74,315,477 |
17.4% |
63,318,115 |
|
Total Operating Expenses |
70,409,482 |
-3.4% |
72,897,501 |
17.0% |
62,326,912 |
|
Operating Result |
1,372,841 |
-3.2% |
1,417,976 |
43.1% |
991,203 |
|
Total Financial Income |
- |
- |
- |
- |
104,417 |
|
Total Financial Expenses |
1,223,527 |
-1.7% |
1,244,664 |
27.4% |
976,987 |
|
Results on Ordinary Operations Before Tax |
149,314 |
-13.8% |
173,312 |
46.1% |
118,633 |
|
Taxation |
26,460 |
-58.3% |
63,408 |
83.6% |
34,534 |
|
Results on Ordinary Operations After Tax |
122,854 |
11.8% |
109,904 |
30.7% |
84,099 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
122,854 |
11.8% |
109,904 |
30.7% |
84,099 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
31,074 |
7.0% |
29,050 |
10.4% |
26,311 |
|
- Wages & Salaries |
25,403 |
6.8% |
23,789 |
10.6% |
21,506 |
|
- Social Security Contributions |
5,153 |
9.1% |
4,722 |
3.7% |
4,553 |
|
- Other Employee Costs |
518 |
-3.9% |
539 |
113.9% |
252 |
|
Amortization & Depreciation |
15,190 |
33.5% |
11,382 |
-4.1% |
11,871 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
371,621 |
7.6% |
345,394 |
-3.1% |
356,370 |
|
- Land And Buildings |
319,405 |
-2.6% |
327,780 |
-2.5% |
336,156 |
|
- Plant And Machinery |
12,195 |
346.0% |
2,734 |
-14.2% |
3,185 |
|
- Other Tangible Assets |
40,021 |
169.0% |
14,880 |
-12.6% |
17,029 |
|
Financial Fixed Assets |
370 |
19.4% |
310 |
0.0% |
310 |
|
Total Fixed Assets |
371,991 |
7.6% |
345,704 |
-3.1% |
356,680 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
4,588,912 |
-1.1% |
4,640,570 |
-8.4% |
5,066,971 |
|
Trade Debtors |
18,999,978 |
-35.6% |
29,522,249 |
36.6% |
21,610,667 |
|
Cash |
47,196 |
-89.4% |
444,686 |
8,622.8% |
5,098 |
|
- Miscellaneous Current Assets |
6,880 |
- |
0 |
- |
0 |
|
Total Current Assets |
23,647,666 |
-31.8% |
34,673,684 |
29.7% |
26,739,139 |
|
|
|||||
|
- Trade Creditors |
4,161,310 |
-68.6% |
13,253,134 |
36.3% |
9,726,694 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
15,667,057 |
-10.8% |
17,556,687 |
22.7% |
14,307,809 |
|
- Miscellaneous Current Liabilities |
263,431 |
-37.0% |
418,466 |
13.7% |
368,054 |
|
Total Current Liabilities |
20,091,798 |
-35.7% |
31,228,287 |
28.0% |
24,402,557 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
184,886 |
0.5% |
183,973 |
-6.2% |
196,038 |
|
- Other Long Term Liabilities |
12,991 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
197,877 |
7.6% |
183,973 |
-6.2% |
196,038 |
|
|
|||||
|
- Issued Share Capital |
3,495,000 |
0.0% |
3,495,000 |
18,690.3% |
18,600 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
234,982 |
109.6% |
112,128 |
-95.5% |
2,478,624 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
3,729,982 |
3.4% |
3,607,128 |
44.4% |
2,497,224 |
|
|
|||||
|
Working Capital |
3,555,868 |
3.2% |
3,445,397 |
47.5% |
2,336,582 |
|
Net Worth |
3,729,982 |
3.4% |
3,607,128 |
44.4% |
2,497,224 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
0.21 |
-8.7% |
0.23 |
21.1% |
0.19 |
|
|
Return On Capital Employed |
3.80 |
-16.8% |
4.57 |
3.9% |
4.40 |
|
|
Return On Total Assets Employed |
0.62 |
26.5% |
0.49 |
11.4% |
0.44 |
|
|
Return On Net Assets Employed |
4.20 |
-16.5% |
5.03 |
-1.0% |
5.08 |
|
|
Sales / Net Working Capital |
20.19 |
-6.4% |
21.57 |
-20.4% |
27.10 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
6.39 |
2.4% |
6.24 |
-22.0% |
8.00 |
|
|
Debtor Days |
96.61 |
-33.4% |
145.00 |
16.4% |
124.58 |
|
|
Creditor Days |
21.57 |
-67.5% |
66.36 |
16.5% |
56.96 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.18 |
6.3% |
1.11 |
0.9% |
1.10 |
|
|
Liquidity Ratio / Acid Ratio |
0.95 |
-1.0% |
0.96 |
7.9% |
0.89 |
|
|
Current Debt Ratio |
5.39 |
-37.8% |
8.66 |
-11.4% |
9.77 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
424.99 |
-13.6% |
491.82 |
-15.3% |
580.80 |
|
|
Equity In Percentage |
0.16 |
60.0% |
0.10 |
11.1% |
0.09 |
|
|
Total Debt Ratio |
4.25 |
-13.6% |
4.92 |
-15.3% |
5.81 |
|
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Limit (€) |
156,057 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
21.57 |
|
Day Sales Outstanding |
96.61 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
125.81 |
|
Industry Average Payment Expectation Days |
136.81 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
41.37 |
|
Payment Expectations - Median |
90.61 |
|
Payment Expectations - Upper |
162.53 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.71 |
|
Day Sales Outstanding - Median |
74.99 |
|
Day Sales Outstanding - Upper |
159.31 |
Shareholders
|
No holding companies for this company. |
|
No subsidiaries for this company. |
Court
Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
Full Name |
PARESHKUMAR VITTHAL GOLAKIYA |
|
Position |
Manager |
|
Address |
37 QUINTEN MATSIJSLEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
PINTU TULSIBHAI DHOLAKIA |
|
Position |
Manager |
|
Address |
0 |
|
Postal Code |
0 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
DHARMESH HIMMATBHAI DHOLAKIA |
|
Position |
Manager |
|
Address |
0 |
|
Postal Code |
0 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.61.60 |
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 Company |
---- |
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.