MIRA INFORM
REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
A.C. DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 Antwerpen, 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
14.03.1997 |
|
|
|
|
Com. Reg. No.: |
460264802 |
|
|
|
|
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 |
A.C. DIAM BVBA |
|
Business Number |
460264802 |
|
Address |
HOVENIERSSTRAAT 30 ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032329484 |
|
Fax Number |
032329481 |
|
Date of Establishment |
14/03/1997 |
|
Number of Employees |
0 |
|
Credit Information Summary |
|
|
Company Status |
ACTIVE |
|
Purchase Limit (€) |
21,700,000 |
|
Date of Deposit at Registry |
29/09/2010 |
|
Date of Last Accounts |
31/03/2010 |
|
Turnover |
108,484,565 |
|
Results of Ordinary Operations Before Tax |
335,890 |
|
Networth |
3,727,013 |
|
Past Payments |
|
|
Payment Expectation Days |
26.81 |
|
Days Sales Outstanding |
98.88 |
|
Industry Average Payment Expectation Days |
134.05 |
|
Industry Average Day Sales Outstanding |
123.77 |
|
Court Data Summary |
|
|
bankruptcy details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
// |
Company
Information
|
COMPANY DETAILS |
|
|
Business Number |
460264802 |
|
Name |
A.C. DIAM BVBA |
|
Fax Number |
032329481 |
|
Establishment Date |
14/03/1997 |
|
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 |
BELGIELEI |
|
House Number |
121 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
324465 |
|
Trade Registered Entry Date |
01/08/1997 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
127490 |
|
Event Description |
Reappointment commissioner |
Accounts
& Ratio
|
Period |
|||||
|
Accounts End Date |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit &
Loss |
|||||
|
Turnover |
108,484,565 |
47.1% |
73,772,651 |
-45.3% |
134,873,425 |
|
Total Operating Expenses |
107,334,351 |
46.4% |
73,298,737 |
-44.9% |
133,005,707 |
|
Operating Result |
1,150,214 |
142.7% |
473,914 |
-74.6% |
1,867,718 |
|
Total Financial Income |
38 |
-53.7% |
82 |
-15.5% |
97 |
|
Total Financial Expenses |
811,820 |
-38.0% |
1,309,360 |
-20.4% |
1,644,689 |
|
Results on Ordinary Operations Before Tax |
338,432 |
140.5% |
-835,364 |
-474.4% |
223,126 |
|
Taxation |
2,542 |
74.7% |
1,455 |
-97.6% |
61,800 |
|
Results on Ordinary Operations After Tax |
335,890 |
140.1% |
-836,819 |
-618.7% |
161,326 |
|
Extraordinary Items |
0 |
-100.0% |
3,129 |
- |
0 |
|
Net Result |
335,890 |
140.3% |
-833,690 |
-616.8% |
161,326 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
103,193 |
- |
- |
- |
- |
|
Employee Costs |
32,178 |
95.6% |
16,448 |
6.5% |
15,444 |
|
- Wages & Salaries |
26,600 |
63.9% |
16,231 |
39.6% |
11,628 |
|
- Social Security Contributions |
4,853 |
- |
- |
- |
3,680 |
|
- Other Employee Costs |
725 |
234.1% |
217 |
59.6% |
136 |
|
Amortization & Depreciation |
14,001 |
-5.0% |
14,742 |
-24.9% |
19,642 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
163,696 |
-7.9% |
177,697 |
-7.4% |
191,897 |
|
- Land And Buildings |
153,652 |
-3.4% |
159,137 |
-3.3% |
164,622 |
|
- Plant And Machinery |
972 |
-36.3% |
1,527 |
-26.7% |
2,083 |
|
- Other Tangible Assets |
9,072 |
-46.7% |
17,033 |
-32.4% |
25,192 |
|
Financial Fixed Assets |
1,232,859 |
-2.3% |
1,261,754 |
0.0% |
1,261,754 |
|
Total Fixed Assets |
1,396,555 |
-3.0% |
1,439,451 |
-1.0% |
1,453,651 |
|
Inventories |
|||||
|
- Raw Materials & Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
5,115,500 |
7.4% |
4,765,067 |
-7.2% |
5,133,149 |
|
Trade Debtors |
29,387,978 |
139.1% |
12,289,476 |
-58.0% |
29,250,101 |
|
Cash |
1,136,776 |
3,655.6% |
30,269 |
-68.3% |
95,434 |
|
- Miscellaneous Current Assets |
273 |
2.2% |
267 |
3.1% |
259 |
|
Total Current Assets |
35,643,243 |
107.2% |
17,203,647 |
-50.2% |
34,565,771 |
|
|
|||||
|
- Trade Creditors |
7,884,444 |
51.9% |
5,191,618 |
-64.8% |
14,745,770 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
21,702,453 |
240.5% |
6,373,414 |
-53.9% |
13,828,072 |
|
- Miscellaneous Current Liabilities |
97,202 |
294.6% |
-49,943 |
-11.0% |
-44,995 |
|
Total Current Liabilities |
29,684,099 |
157.8% |
11,515,089 |
-59.6% |
28,528,847 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
3,610,533 |
-3.2% |
3,729,372 |
14.2% |
3,265,762 |
|
- Other Long Term Liabilities |
18,153 |
141.6% |
7,515 |
- |
0 |
|
Total Long Term Debts |
3,628,686 |
-2.9% |
3,736,887 |
14.4% |
3,265,762 |
|
|
|||||
|
- Issued Share Capital |
4,000,000 |
0.0% |
4,000,000 |
0.0% |
4,000,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
-272,987 |
55.2% |
-608,878 |
-370.8% |
224,813 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders Equity |
3,727,013 |
9.9% |
3,391,122 |
-19.7% |
4,224,813 |
|
|
|||||
|
Working Capital |
5,959,144 |
4.8% |
5,688,558 |
-5.8% |
6,036,924 |
|
Net Worth |
3,727,013 |
9.9% |
3,391,122 |
-19.7% |
4,224,813 |
|
Ratio Analysis |
||||||
|
Trading Performance |
||||||
|
Pre-tax Profit Margin |
0.31 |
127.4% |
-1.13 |
-764.7% |
0.17 |
|
|
Return On Capital Employed |
4.60 |
139.2% |
-11.72 |
-493.3% |
2.98 |
|
|
Return On Total Assets Employed |
0.91 |
120.3% |
-4.48 |
-822.6% |
0.62 |
|
|
Return On Net Assets Employed |
5.68 |
138.7% |
-14.68 |
-496.8% |
3.70 |
|
|
Sales / Net Working Capital |
18.20 |
40.3% |
12.97 |
-41.9% |
22.34 |
|
|
Operating Efficiency |
|
|||||
|
Stock Turnover Ratio |
4.72 |
-26.9% |
6.46 |
69.6% |
3.81 |
|
|
Debtor Days |
98.88 |
62.6% |
60.80 |
-23.2% |
79.16 |
|
|
Creditor Days |
26.81 |
3.7% |
25.85 |
-36.1% |
40.47 |
|
|
Short Term Stability |
|
|||||
|
Current Ratio |
1.20 |
-19.5% |
1.49 |
23.1% |
1.21 |
|
|
Liquidity Ratio / Acid Ratio |
1.03 |
-4.6% |
1.08 |
4.9% |
1.03 |
|
|
Current Debt Ratio |
7.96 |
134.1% |
3.40 |
-49.6% |
6.75 |
|
|
Long Term Stability |
|
|||||
|
Gearing |
679.18 |
128.0% |
297.92 |
-26.4% |
404.61 |
|
|
Equity In Percentage |
0.10 |
-44.4% |
0.18 |
50.0% |
0.12 |
|
|
Total Debt Ratio |
6.79 |
127.9% |
2.98 |
-26.4% |
4.05 |
|
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Industry Average Credit Limit (€) |
125,316 |
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
26.81 |
|
Day Sales Outstanding |
98.88 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
123.77 |
|
Industry Average Payment Expectation Days |
134.05 |
|
Industry Quartile Analysis |
|
|
Payment Expectation Days |
|
|
Payment Expectations - Lower |
40.44 |
|
Payment Expectations - Median |
88.67 |
|
Payment Expectations - Upper |
161.36 |
|
Day Sales Outstanding |
|
|
Day Sales Outstanding - Lower |
31.05 |
|
Day Sales Outstanding - Median |
73.85 |
|
Day Sales Outstanding - Upper |
156.45 |
Shareholders
|
No holding companies for this company. |
|
Subsidiary |
|
|
Company Name |
A.C. JEWELS BVBA |
|
Business Number |
865979673 |
|
Share Percentage |
99 |
|
Annual Accounts Date |
01/03/2008 |
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 |
ARVINDKUMAR CHIMANLA SHAH |
|
Position |
Manager |
|
Address |
2 VAN EYCKLEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
AMIT ARUNBHAI SHAH |
|
Position |
Manager |
|
Address |
2 VAN EYCKLEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
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 |
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.