MIRA INFORM REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIAMDEL NV |
|
|
|
|
Registered Office : |
21, Schupstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
07.12.1964 |
|
|
|
|
Com. Reg. No.: |
404946690 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
404946690 |
|
Name |
|
|
Address |
21, SCHUPSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032023311 |
|
Fax Number |
032342698 |
|
Establishment Date |
07-12-1964 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
33 |
|
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 |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
111016 |
|
Event Description |
Reappointment commissioner |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
8,400,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
144,390 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
2.20 |
|
Day Sales Outstanding |
|
|
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 |
|
|
Shareholder Detail |
|
|
Company Number |
324355 |
|
Company Name |
DIAMDEL HOLDINGS |
|
Address |
, HONG KONG |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
99.99 |
|
Annual Accounts Date |
01-12-2005 |
|
Shareholder Detail |
|
|
Company Number |
324454 |
|
Company Name |
COLAO M.A.J. |
|
Address |
FERNDALE 9 ORCHARD FIELDS POSTLING H, CT21 KENT |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
0.01 |
|
Annual Accounts Date |
01-12-2005 |
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 |
41,981,054 |
139,318,696 |
130,836,526 |
|
Total Operating Expenses |
44,740,014 |
137,649,277 |
132,846,537 |
|
Operating Result |
-2,758,960 |
1,669,419 |
-2,010,011 |
|
Total Financial Income |
131,021 |
2,884,032 |
2,507,627 |
|
Total Financial Expenses |
360,427 |
3,532,431 |
1,661,698 |
|
Results on Ordinary Operations Before Tax |
-2,988,367 |
1,021,020 |
-1,164,082 |
|
Taxation |
- |
- |
- |
|
Results on Ordinary Operations After Tax |
-2,988,367 |
1,021,020 |
-1,164,082 |
|
Extraordinary Items |
-64,323 |
-1,874 |
-61,452 |
|
Net Result |
-3,052,690 |
1,019,146 |
-1,225,534 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
3,040,813 |
1,230,492 |
3,156,352 |
|
- Wages & Salaries |
638,245 |
885,602 |
2,108,663 |
|
- Employee Pension Costs |
2,058,902 |
72,000 |
47,888 |
|
- Social Security Contributions |
302,383 |
231,662 |
627,287 |
|
- Other Employee Costs |
41,283 |
41,228 |
372,514 |
|
Amortization & Depreciation |
440,405 |
495,218 |
471,765 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
26,177 |
410,701 |
803,043 |
|
Tangible Fixed Assets |
187,526 |
262,093 |
314,278 |
|
- Land And Buildings |
233 |
855 |
16,675 |
|
- Plant And Machinery |
187,293 |
261,237 |
297,602 |
|
- Other Tangible Assets |
0 |
1 |
1 |
|
Financial Fixed Assets |
187,725 |
214,726 |
225,474 |
|
Total Fixed Assets |
401,428 |
887,520 |
1,342,795 |
|
Inventories |
10,049 |
3,301,309 |
3,263,259 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
10,049 |
3,301,309 |
3,263,259 |
|
Trade Debtors |
-6,098 |
702,496 |
1,829,618 |
|
Cash |
1,796,927 |
2,400,342 |
5,465,003 |
|
- Miscellaneous Current Assets |
53,156 |
92,731 |
130,189 |
|
Total Current Assets |
9,848,245 |
18,530,757 |
17,209,723 |
|
Current Liabilities |
|||
|
- Trade Creditors |
269,878 |
1,896,516 |
13,163,479 |
|
- Short Term Group Loans |
229,840 |
1,844,131 |
12,818,910 |
|
- Other Short Term Loans |
6,942,000 |
7,427,000 |
0 |
|
- Miscellaneous Current Liabilities |
-3,456,761 |
-5,395,445 |
-12,579,589 |
|
Total Current Liabilities |
3,984,957 |
5,772,202 |
13,402,800 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
3,471,000 |
7,427,000 |
0 |
|
- Other Long Term Liabilities |
25,386 |
58,367 |
8,156 |
|
Total Long Term Debts |
3,496,386 |
7,485,367 |
8,156 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
5,300,190 |
5,625,000 |
5,625,000 |
|
- Share Premium Account |
76,114 |
78,288 |
78,288 |
|
- Reserves |
-2,607,975 |
457,420 |
-561,726 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
2,768,329 |
6,160,708 |
5,141,562 |
|
|
|||
|
Working Capital |
5,863,288 |
12,758,555 |
3,806,923 |
|
Net Worth |
2,742,152 |
5,750,007 |
4,338,519 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
-7.12 |
0.73 |
-0.89 |
|
Return On Capital Employed |
-47.70 |
7.48 |
-22.60 |
|
Return On Total Assets Employed |
-29.16 |
5.26 |
-6.27 |
|
Return On Net Assets Employed |
-50.97 |
8 |
-30.58 |
|
Sales / Net Working Capital |
7.16 |
10.92 |
34.37 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
0.02 |
2.37 |
2.49 |
|
Debtor Days |
- |
1.84 |
5.10 |
|
Creditor Days |
2.20 |
5.03 |
36.17 |
|
Short Term Stability |
|||
|
Current Ratio |
2.47 |
3.21 |
1.28 |
|
Liquidity Ratio / Acid Ratio |
2.47 |
2.64 |
1.04 |
|
Current Debt Ratio |
1.44 |
0.94 |
2.61 |
|
Long Term Stability |
|||
|
Gearing |
384.45 |
271.04 |
249.32 |
|
Equity In Percentage |
0.27 |
0.32 |
0.29 |
|
Total Debt Ratio |
3.84 |
2.71 |
2.49 |
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 |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
NEIL VENTURA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
26 HIGHFIELD LANE BERKSHIRE |
|
Country |
United Kingdom |
|
Postal Code |
0 |
|
Birth Date |
2013-06-01 |
|
Company Director |
|
|
Full Name |
JONATHAN WHITNEY |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
61 CAMILLE HUYSMANSLAAN ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2020 |
|
Birth Date |
2012-01-01 |
|
Company Director |
|
|
Full Name |
BERNARD OLIVIER |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
21 RUE DES LILAS 8035 STRASSEN |
|
Country |
Luxembourg |
|
Postal Code |
0 |
|
Birth Date |
2013-06-01 |
|
Company Director |
|
|
Full Name |
ERIC CAVERHILL |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
42 RUE DES ROSES 2445 LUXEMBOURG |
|
Country |
Luxembourg |
|
Postal Code |
0 |
|
Birth Date |
2013-06-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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.