MIRA INFORM REPORT
|
Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
G. DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
01.12.2006 |
|
|
|
|
Com. Reg. No.: |
885506268 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of jewellery and related articles |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Slow |
|
|
|
|
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 |
G. DIAM BVBA |
|
Business Number |
885506268 |
|
Address |
HOVENIERSSTRAAT 30 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032318187 |
|
Fax Number |
-- |
|
Date of Establishment |
01/12/2006 |
|
Number of Employees |
0 |
|
Credit Information Summary |
|
|
Company Status |
ACTIVE |
|
Purchase Limit (€) |
2,300,000 |
|
Date of Deposit at Registry |
25/06/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
23,110,345 |
|
Results of Ordinary Operations Before Tax |
212,423 |
|
Networth |
4,944,527 |
|
Past Payments |
|
|
Payment Expectation Days |
73.27 |
|
Days Sales Outstanding |
173.63 |
|
Industry Average Payment Expectation Days |
99.67 |
|
Industry Average Day Sales Outstanding |
110.42 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
company
details |
|
|
Business Number |
885506268 |
|
Name |
G. DIAM BVBA |
|
Fax Number |
-- |
|
Establishment Date |
01/12/2006 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Activity Description |
Preparation of diamonds |
|
Activity Code |
32121 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HOVENIERSSTRAAT |
|
House Number |
30 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
0 |
|
Trade Registered Entry Date |
01/01/2007 |
|
|
|
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
119943 |
|
Event Description |
Reappointment commissioner |
|
|
|
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 |
23,110,345 |
46.9% |
15,727,878 |
207.1% |
5,121,539 |
|
Total Operating Expenses |
22,860,389 |
45.7% |
15,690,305 |
208.5% |
5,086,822 |
|
Operating Result |
249,956 |
565.3% |
37,573 |
8.2% |
34,717 |
|
Total Financial Income |
41 |
-64.0% |
114 |
- |
- |
|
Total Financial Expenses |
37,660 |
874.6% |
3,864 |
985.4% |
356 |
|
Results on Ordinary Operations Before Tax |
212,337 |
527.8% |
33,823 |
-1.6% |
34,361 |
|
Taxation |
-86 |
-101.4% |
5,941 |
-47.4% |
11,300 |
|
Results on Ordinary Operations After Tax |
212,423 |
661.9% |
27,882 |
20.9% |
23,061 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
212,423 |
661.9% |
27,882 |
20.9% |
23,061 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
43,218 |
- |
- |
- |
- |
|
Employee Costs |
0 |
- |
0 |
- |
0 |
|
- Wages & Salaries |
- |
- |
- |
- |
- |
|
- Social Security Contributions |
- |
- |
- |
- |
- |
|
- Other Employee Costs |
- |
- |
- |
- |
- |
|
Amortization & Depreciation |
4,057 |
160.9% |
1,555 |
-16.0% |
1,852 |
|
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 |
540,815 |
4,109.3% |
12,848 |
776.4% |
1,466 |
|
- Land And Buildings |
491,128 |
5,265.2% |
9,154 |
- |
0 |
|
- Plant And Machinery |
6,579 |
- |
0 |
- |
0 |
|
- Other Tangible Assets |
43,108 |
1,067.0% |
3,694 |
152.0% |
1,466 |
|
Financial Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
540,815 |
4,109.3% |
12,848 |
776.4% |
1,466 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
512,400 |
-61.9% |
1,343,310 |
170.5% |
496,587 |
|
Trade Debtors |
10,993,414 |
105.2% |
5,358,695 |
58.0% |
3,392,285 |
|
Cash |
241,961 |
85.0% |
130,819 |
-19.7% |
162,823 |
|
- Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
11,751,808 |
71.9% |
6,834,520 |
68.6% |
4,052,765 |
|
|
|||||
|
- Trade Creditors |
4,588,847 |
11.7% |
4,107,432 |
27.7% |
3,217,494 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
1,490,823 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
874,858 |
11,070.3% |
7,832 |
-98.9% |
733,676 |
|
Total Current Liabilities |
6,954,528 |
69.0% |
4,115,264 |
4.2% |
3,951,170 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
392,231 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
1,337 |
- |
0 |
- |
0 |
|
Total Long Term Debts |
393,568 |
- |
0 |
- |
0 |
|
|
|||||
|
- Issued Share Capital |
4,680,000 |
74.6% |
2,680,000 |
3,250.0% |
80,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
264,527 |
407.7% |
52,104 |
125.9% |
23,061 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
4,944,527 |
81.0% |
2,732,104 |
2,551.0% |
103,061 |
|
|
|||||
|
Working Capital |
4,797,280 |
76.4% |
2,719,256 |
2,576.6% |
101,595 |
|
Net Worth |
4,944,527 |
81.0% |
2,732,104 |
2,551.0% |
103,061 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
0.92 |
318.2% |
0.22 |
-67.2% |
0.67 |
|
|
Return On Capital Employed |
3.98 |
221.0% |
1.24 |
-96.3% |
33.34 |
|
|
Return On Total Assets Employed |
1.73 |
253.1% |
0.49 |
-42.4% |
0.85 |
|
|
Return On Net Assets Employed |
4.43 |
257.3% |
1.24 |
-96.3% |
33.82 |
|
|
Sales / Net Working Capital |
4.82 |
-16.6% |
5.78 |
-88.5% |
50.41 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
2.22 |
-74.0% |
8.54 |
-12.0% |
9.70 |
|
|
Debtor Days |
173.63 |
39.6% |
124.36 |
-48.6% |
241.76 |
|
|
Creditor Days |
73.27 |
-23.3% |
95.55 |
-58.6% |
230.87 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.69 |
1.8% |
1.66 |
61.2% |
1.03 |
|
|
Liquidity Ratio / Acid Ratio |
1.62 |
21.8% |
1.33 |
47.8% |
0.90 |
|
|
Current Debt Ratio |
1.41 |
-6.6% |
1.51 |
-96.1% |
38.34 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
38.08 |
- |
0 |
- |
0 |
|
|
Equity In Percentage |
0.40 |
0.0% |
0.40 |
1,233.3% |
0.03 |
|
|
Total Debt Ratio |
0.38 |
- |
0 |
- |
0 |
|
|
Industry Comparison |
|
|
Activity Code |
32121 |
|
Activity Description |
Preparation of diamonds |
|
Industry Average Credit Limit (€) |
9,977 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
73.27 |
|
Day Sales Outstanding |
173.63 |
|
Industry Comparison |
|
|
Activity Code |
3212 |
|
Activity Description |
Manufacture of jewellery and related articles |
|
Industry Average Day Sales Outstanding |
110.42 |
|
Industry Average Payment Expectation Days |
99.67 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
19.85 |
|
Payment Expectations - Median |
65.51 |
|
Payment Expectations - Upper |
147.23 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
11.19 |
|
Day Sales Outstanding - Median |
37.61 |
|
Day Sales Outstanding - Upper |
114.45 |
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 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 |
|
|
Full Name |
AKSHAY CHANDRAKANT JHAVERI |
|
Position |
Manager |
|
Address |
111 BELGIELEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.