MIRA
INFORM REPORT
|
Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIJAYDIMON BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 54 Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
10.12.1974 |
|
|
|
|
Com. Reg. No.: |
414855241 |
|
|
|
|
Legal Form : |
Private limited liability 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 Summary |
|
|
Business Name |
VIJAYDIMON BVBA |
|
Business Number |
414855241 |
|
Address |
PELIKAANSTRAAT 54 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032030596 |
|
Fax Number |
032339838 |
|
Date of Establisment |
10/12/1974 |
|
Number of Employees |
4 |
|
Credit Information Summary |
|
|
Purchase Limit (€) |
8,700,000 |
|
Date of Deposit at Registry |
22/06/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
34,896,658 |
|
Results of Ordinary Operations Before Tax |
15,003 |
|
Networth |
17,331,132 |
|
Past Payments |
|
|
Payment Expectation Days |
44.27 |
|
Days Sales Outstanding |
176.90 |
|
Industry Average Payment Expectation Days |
137 |
|
Industry Average Day Sales Outstanding |
124.66 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company details |
|
|
Business Number |
414855241 |
|
Name |
VIJAYDIMON BVBA |
|
Fax Number |
032339838 |
|
Establishment Date |
10/12/1974 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
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 |
168989 |
|
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 |
34,896,658 |
7.9% |
32,346,627 |
-58.7% |
78,330,320 |
|
Total Operating Expenses |
34,071,335 |
7.5% |
31,704,111 |
-58.3% |
75,967,161 |
|
Operating Result |
825,323 |
28.5% |
642,516 |
-72.8% |
2,363,159 |
|
Total Financial Income |
32,045 |
-54.0% |
69,589 |
-85.4% |
477,187 |
|
Total Financial Expenses |
810,009 |
-25.4% |
1,085,955 |
-61.1% |
2,790,147 |
|
Results on Ordinary Operations Before Tax |
47,359 |
112.7% |
-373,850 |
-844.7% |
50,199 |
|
Taxation |
32,356 |
249.6% |
9,254 |
172.6% |
-12,747 |
|
Results on Ordinary Operations After Tax |
15,003 |
103.9% |
-383,104 |
-708.6% |
62,946 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
15,003 |
103.9% |
-383,104 |
-708.6% |
62,946 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
250,320 |
-55.1% |
557,539 |
8.4% |
514,182 |
|
- Wages & Salaries |
185,399 |
-57.8% |
439,581 |
9.7% |
400,762 |
|
- Social Security Contributions |
63,443 |
-45.3% |
115,957 |
4.0% |
111,450 |
|
- Other Employee Costs |
1,478 |
-26.1% |
2,001 |
1.6% |
1,970 |
|
Amortization & Depreciation |
48,172 |
-27.5% |
66,447 |
0.5% |
66,138 |
|
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 |
71,641 |
-6.4% |
76,553 |
-59.3% |
188,165 |
|
- Land And Buildings |
0 |
- |
0 |
-100.0% |
48,561 |
|
- Plant And Machinery |
16,239 |
4.1% |
15,592 |
-4.3% |
16,290 |
|
- Other Tangible Assets |
55,402 |
-9.1% |
60,961 |
-50.6% |
123,314 |
|
Financial Fixed Assets |
76,861 |
0.0% |
76,860 |
0.0% |
76,860 |
|
Total Fixed Assets |
148,502 |
-3.2% |
153,413 |
-42.1% |
265,025 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
30,227,327 |
-14.5% |
35,373,514 |
25.0% |
28,299,172 |
|
Trade Debtors |
16,912,897 |
-45.2% |
30,855,466 |
-29.0% |
43,438,744 |
|
Cash |
804,688 |
1.3% |
794,006 |
-56.4% |
1,822,182 |
|
- Miscellaneous Current Assets |
761,103 |
0.0% |
761,104 |
-0.1% |
761,508 |
|
Total Current Assets |
49,438,760 |
-27.9% |
68,548,633 |
-8.6% |
75,011,275 |
|
|
|||||
|
- Trade Creditors |
4,132,543 |
39.3% |
2,966,285 |
-59.7% |
7,366,864 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
23,488,274 |
-46.3% |
43,753,050 |
51.5% |
28,873,327 |
|
- Miscellaneous Current Liabilities |
4,622,058 |
-1.0% |
4,666,582 |
174.8% |
1,698,222 |
|
Total Current Liabilities |
32,242,875 |
-37.3% |
51,385,917 |
35.4% |
37,938,413 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
761,103 |
0.0% |
761,104 |
-96.2% |
20,158,039 |
|
- Other Long Term Liabilities |
-747,848 |
- |
0 |
100.0% |
-519,385 |
|
Total Long Term Debts |
13,255 |
- |
0 |
-100.0% |
19,638,654 |
|
|
|||||
|
- Issued Share Capital |
1,400,000 |
0.0% |
1,400,000 |
0.0% |
1,400,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
15,931,132 |
0.1% |
15,916,129 |
-2.4% |
16,299,233 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
17,331,132 |
0.1% |
17,316,129 |
-2.2% |
17,699,233 |
|
|
|||||
|
Working Capital |
17,195,885 |
0.2% |
17,162,716 |
-53.7% |
37,072,862 |
|
Net Worth |
17,331,132 |
0.1% |
17,316,129 |
-2.2% |
17,699,233 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
0.14 |
112.1% |
-1.16 |
-2,033.3% |
0.06 |
|
|
Return On Capital Employed |
0.27 |
112.5% |
-2.16 |
-1,761.5% |
0.13 |
|
|
Return On Total Assets Employed |
0.10 |
118.5% |
-0.54 |
-871.4% |
0.07 |
|
|
Return On Net Assets Employed |
0.28 |
112.8% |
-2.18 |
-1,657.1% |
0.14 |
|
|
Sales / Net Working Capital |
2.03 |
8.0% |
1.88 |
-10.9% |
2.11 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
86.62 |
-20.8% |
109.36 |
202.7% |
36.13 |
|
|
Debtor Days |
176.90 |
-49.2% |
348.17 |
72.0% |
202.41 |
|
|
Creditor Days |
44.27 |
29.6% |
34.15 |
-3.5% |
35.40 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.53 |
15.0% |
1.33 |
-32.8% |
1.98 |
|
|
Liquidity Ratio / Acid Ratio |
0.60 |
-7.7% |
0.65 |
-47.2% |
1.23 |
|
|
Current Debt Ratio |
1.86 |
-37.4% |
2.97 |
38.8% |
2.14 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
139.92 |
-45.6% |
257.07 |
-7.2% |
277.03 |
|
|
Equity In Percentage |
0.35 |
40.0% |
0.25 |
4.2% |
0.24 |
|
|
Total Debt Ratio |
1.40 |
-45.5% |
2.57 |
-7.2% |
2.77 |
|
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Rating |
66.83 |
|
Industry Average Credit Limit (€) |
160,342 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
44.27 |
|
Day Sales Outstanding |
176.90 |
|
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 Expectation Days |
|
|
Payment Expectations - Lower |
41.25 |
|
Payment Expectations - Median |
90.32 |
|
Payment Expectations - Upper |
162.53 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
Shareholders
|
No holding companies for this company. |
|
Subsidary |
|
|
Company Name |
VIJAYDIAMOND POLISHED DISTRIBUTORS BVBA |
|
Business Number |
421824096 |
|
Share Percentage |
99 |
|
Annual Accounts Date |
01/12/2009 |
Court
Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Bankruptcy Data |
|
There is no bankruptcy data against this company. |
Directors
|
Company Director |
|
|
FullName |
MIKUL MODY |
|
Position |
Manager |
|
Address |
140 KRUISHOFSTRAAT ANTWERPEN |
|
Postal Code |
2020 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.65.48 |
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.