MIRA INFORM
REPORT
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Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIAN DIAMONDS BVBA |
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Registered Office : |
2, Hoveniersstraat, Antwerpen 2018 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.02.1992 |
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Com. Reg. No.: |
446607992 |
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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
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
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company details |
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Company Number |
446607992 |
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Name |
ASIAN DIAMONDS BVBA |
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Address |
2, HOVENIERSSTRAAT, ANTWERPEN |
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Post Code |
2018 |
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Telephone Number |
032338454 |
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Fax Number |
032338454 |
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Establishment Date |
17-02-1992 |
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Company Status |
ACTIVE |
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Company Type |
Private limited liability company |
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Number of Employees |
0 |
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Activity Description |
Wholesale of diamonds and other precious stones |
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Activity Code |
46761 |
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Liable For Vat |
yes |
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Currency |
Euro (€) |
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Latest Branch Details |
|
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Street |
PLANTIN EN MORETUSLEI |
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House Number |
58 |
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City |
ANTWERPEN |
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Postal Code |
2018 |
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Trade Registered Number |
288832 |
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Trade Registered
Entry Date |
01-04-1992 |
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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 |
179528 |
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Event Description |
Appointment commissioner |
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Purchase Limit (€) |
2,500,000 |
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Industry Comparison |
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Industry Average Credit Limit (€) |
103,512 |
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Payment Expectations |
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Payment Expectations |
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Payment Expectation Days |
91.16 |
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Day Sales Outstanding |
111.73 |
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Industry Comparison |
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Activity Code |
4676 |
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Activity Description |
Wholesale of other intermediate products |
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Industry Average Day Sales Outstanding |
121.79 |
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Industry Average Payment Expectation Days |
131.46 |
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Industry Quartile Analysis |
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Payment
Expectations - Lower |
40.54 |
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Payment
Expectations - Median |
83.97 |
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Payment
Expectations - Upper |
158.85 |
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Day Sales
Outstanding - Lower |
30.09 |
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Day Sales
Outstanding - Median |
72.35 |
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Day Sales
Outstanding - Upper |
155.70 |
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Company
Shareholder Holding |
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Company Accounts
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Period |
|||
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Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
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Currency |
EUR |
EUR |
EUR |
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Weeks |
52 |
52 |
52 |
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Profit & Loss |
|||
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Turnover |
12,391,148 |
9,645,608 |
11,171,187 |
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Total Operating Expenses |
12,336,756 |
9,602,910 |
11,118,423 |
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Operating Result |
54,392 |
42,698 |
52,764 |
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Total Financial Income |
702 |
450 |
32 |
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Total Financial Expenses |
54,548 |
26,595 |
29,926 |
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Results on Ordinary Operations Before Tax |
546 |
16,553 |
22,870 |
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Taxation |
376 |
3,458 |
1,190 |
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Results on Ordinary Operations After Tax |
170 |
13,095 |
21,680 |
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Extraordinary Items |
1,623 |
2,276 |
0 |
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Net Result |
1,793 |
15,371 |
21,680 |
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Other Information |
|||
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Dividends |
- |
- |
- |
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Director Remuneration |
58,616 |
57,266 |
- |
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Employee Costs |
86 |
216 |
588 |
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- Wages & Salaries |
- |
- |
588 |
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- Employee Pension Costs |
- |
- |
- |
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- Social Security Contributions |
- |
- |
- |
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- Other Employee Costs |
86 |
216 |
- |
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Amortization & Depreciation |
11,698 |
11,288 |
6,130 |
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Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
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Tangible Fixed Assets |
210,430 |
221,687 |
210,281 |
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- Land And Buildings |
178,651 |
182,145 |
185,640 |
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- Plant And Machinery |
18,498 |
22,079 |
6,623 |
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- Other Tangible Assets |
13,281 |
17,463 |
18,018 |
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Financial Fixed Assets |
684 |
684 |
684 |
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Total Fixed Assets |
211,114 |
222,371 |
210,965 |
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Inventories |
1,210,047 |
1,681,874 |
1,351,557 |
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- Raw Materials & Consumables |
0 |
0 |
0 |
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- Work in Progress |
0 |
0 |
0 |
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- Finished Goods |
0 |
0 |
0 |
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- Other Stocks |
1,210,047 |
1,681,874 |
1,351,557 |
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Trade Debtors |
3,793,217 |
2,190,919 |
2,929,054 |
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Cash |
1,431 |
114,127 |
95,156 |
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- Miscellaneous Current Assets |
3,896 |
1,831 |
3,228 |
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Total Current Assets |
5,016,294 |
3,992,955 |
4,388,690 |
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Current Liabilities |
|||
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- Trade Creditors |
3,081,013 |
2,610,319 |
3,078,454 |
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- Short Term Group Loans |
0 |
0 |
0 |
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- Other Short Term Loans |
634,399 |
78,917 |
16,076 |
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- Miscellaneous Current Liabilities |
96,983 |
764,010 |
1,260,037 |
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Total Current Liabilities |
3,812,395 |
3,453,246 |
4,354,567 |
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Long Term Debts |
|||
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- Long Term Group Loans |
0 |
0 |
0 |
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- Other Long Term Loans |
781,014 |
132,397 |
129,606 |
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- Other Long Term Liabilities |
2,607 |
84 |
1,255 |
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Total Long Term Debts |
783,621 |
132,481 |
130,861 |
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Shareholders Equity |
|||
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- Issued Share Capital |
518,600 |
518,600 |
18,600 |
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- Share Premium Account |
0 |
0 |
0 |
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- Reserves |
112,792 |
110,999 |
95,628 |
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- Revaluation Reserve |
0 |
0 |
0 |
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Total Shareholders Equity |
631,392 |
629,599 |
114,228 |
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|||
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Working Capital |
1,203,899 |
539,709 |
34,123 |
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Net Worth |
631,392 |
629,599 |
114,228 |
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Ratio Analysis |
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Trading Performance |
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Results on Ordinary Operations Before Taxation Margin |
0 |
0.17 |
0.20 |
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Return On Capital Employed |
0.04 |
2.17 |
9.33 |
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Return On Total Assets Employed |
0.01 |
0.39 |
0.50 |
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Return On Net Assets Employed |
0.05 |
3.07 |
67.02 |
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Sales / Net Working Capital |
10.29 |
17.87 |
327.38 |
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Operating Efficiency |
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Stock Turnover Ratio |
9.77 |
17.44 |
12.10 |
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Debtor Days |
111.73 |
82.91 |
95.70 |
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Creditor Days |
91.16 |
99.22 |
101.06 |
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Short Term Stability |
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Current Ratio |
1.32 |
1.16 |
1.01 |
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Liquidity Ratio / Acid Ratio |
1 |
0.67 |
0.70 |
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Current Debt Ratio |
6.04 |
5.48 |
38.12 |
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Long Term Stability |
|||
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Gearing |
224.17 |
33.56 |
127.54 |
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Equity In Percentage |
0.12 |
0.15 |
0.02 |
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Total Debt Ratio |
2.24 |
0.34 |
1.28 |
Company Court Data
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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 |
-- |
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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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-- |
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Directors |
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Company Director |
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Full Name |
HASMUKH P SANGHVI |
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Birth Date |
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Position Description |
Manager |
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Address |
58 PLANTIN EN MORETUSLEI ANTWERPEN (SINGEL) |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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Company Director |
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Full Name |
RAKESH POPATLAL SANGHVI |
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Birth Date |
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Position Description |
Manager |
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Address |
30 BELGIELEI ANTWERPEN |
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Country |
-- |
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Postal Code |
2018 |
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Birth Date |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.31 |
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|
1 |
Rs.70.26 |
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Euro |
1 |
Rs.56.56 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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.