MIRA INFORM
REPORT
|
Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH NV |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
04.02.1975 |
|
|
|
|
Com. Reg. No.: |
414865337 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other precious stones |
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 : |
Unknown |
|
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) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Information
|
Company Summary |
|
|
company details |
|
|
Company Number |
414865337 |
|
Name |
DIAROUGH NV |
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032342424 |
|
Fax Number |
032323931 |
|
Establishment Date |
04-02-1975 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
22 |
|
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 |
12708 |
|
Event Description |
Reappointment commissioner |
|
Industry Comparison |
|
|
Industry Average Credit Rating |
61.75 |
|
Industry Average Credit Limit (€) |
125,316 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
2.09 |
|
Day Sales Outstanding |
7.01 |
|
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 Expectations - Lower |
40.44 |
|
Payment Expectations - Median |
88.67 |
|
Payment Expectations - Upper |
161.36 |
|
|
|
|
Day Sales Outstanding - Lower |
31.05 |
|
Day Sales Outstanding - Median |
73.85 |
|
Day Sales Outstanding - Upper |
156.45 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
12562785 |
|
Company Name |
EGON HOLDINGS GROUP SA |
|
Address |
AVENUE |
|
Postal Code |
2086 |
|
Country |
|
|
Share Percentage |
0 |
|
Annual Accounts Date |
01-12-2007 |
|
Shareholder Detail |
|
|
Company Number |
12562983 |
|
Company Name |
DIAROUGH FINANCE LIMITED |
|
Address |
|
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
99.31 |
|
Annual Accounts Date |
01-12-2008 |
|
Shareholder Detail |
|
|
Company Number |
12562884 |
|
Company Name |
UNI DESIGN JEWELLERY PVT LTD |
|
Address |
PLOT NO 4.5.6 (PART) SEEPZ, ANDHERI, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
87.80 |
|
Annual Accounts Date |
01-12-2008 |
|
Shareholder Detail |
|
|
Company Number |
458427938 |
|
Company Name |
DIAROUGH EUROPEAN SALES NV |
|
Address |
HOVENIERSSTRAAT 30, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
25 |
|
Annual Accounts Date |
01-12-2008 |
|
Shareholder Detail |
|
|
Company Number |
447811485 |
|
Company Name |
SPORTS CLUB OF |
|
Address |
HOVENIERSSTRAAT 53/132, ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
11.80 |
|
Annual Accounts Date |
01-12-2008 |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2008 |
31-12-2007 |
31-12-2006 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
470,902,153 |
548,305,216 |
391,480,173 |
|
Total Operating Expenses |
469,971,139 |
540,222,274 |
370,745,324 |
|
Operating Result |
931,014 |
8,082,942 |
20,734,849 |
|
Total Financial Income |
2,553,849 |
3,659,093 |
13,219,114 |
|
Total Financial Expenses |
1,129,711 |
10,212,619 |
13,074,690 |
|
Results on Ordinary Operations Before Tax |
2,170,953 |
1,115,923 |
20,254,381 |
|
Taxation |
582,590 |
-197,187 |
1,304,513 |
|
Results on Ordinary Operations After Tax |
1,588,363 |
1,313,110 |
18,949,868 |
|
Extraordinary Items |
1,797,495 |
-307,661 |
1,177,786 |
|
Net Result |
3,385,858 |
1,005,450 |
20,127,654 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
420,000 |
413,000 |
|
Employee Costs |
2,587,910 |
2,313,997 |
1,623,876 |
|
- Wages & Salaries |
1,996,531 |
1,792,791 |
1,216,073 |
|
- Employee Pension Costs |
21,502 |
10,000 |
20,000 |
|
- Social Security Contributions |
511,417 |
465,047 |
345,549 |
|
- Other Employee Costs |
58,460 |
46,159 |
42,254 |
|
Amortization & Depreciation |
987,723 |
780,887 |
395,252 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
159,076 |
635,790 |
101,775 |
|
Tangible Fixed Assets |
2,321,873 |
2,541,342 |
4,026,015 |
|
- Land And Buildings |
961,211 |
1,015,283 |
1,069,356 |
|
- Plant And Machinery |
1,353,699 |
1,513,193 |
1,723,872 |
|
- Other Tangible Assets |
6,963 |
12,866 |
1,232,787 |
|
Financial Fixed Assets |
36,963,616 |
18,770,590 |
3,762,561 |
|
Total Fixed Assets |
39,444,565 |
21,947,722 |
7,890,351 |
|
Inventories |
1,367,053 |
0 |
104,686,257 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
1,367,053 |
0 |
0 |
|
- Other Stocks |
0 |
0 |
104,686,257 |
|
Trade Debtors |
9,043,073 |
6,462,962 |
40,779,669 |
|
Cash |
983,952 |
3,345,933 |
287,953 |
|
- Miscellaneous Current Assets |
263,063 |
39,985 |
173,310 |
|
Total Current Assets |
33,161,157 |
27,096,705 |
153,813,015 |
|
Current Liabilities |
|||
|
- Trade Creditors |
2,692,708 |
4,732,980 |
53,648,540 |
|
- Short Term Group Loans |
28,187,302 |
9,657,105 |
38,807,442 |
|
- Other Short Term Loans |
603,237 |
678,756 |
66,745,887 |
|
- Miscellaneous Current Liabilities |
-923,867 |
-4,984,897 |
-35,856,474 |
|
Total Current Liabilities |
30,559,380 |
10,083,944 |
123,345,395 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
1,675,000 |
1,975,000 |
2,275,000 |
|
- Other Long Term Liabilities |
0 |
0 |
102,937 |
|
Total Long Term Debts |
1,675,000 |
1,975,000 |
2,377,937 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
10,778,000 |
10,778,000 |
10,778,000 |
|
- Share Premium Account |
8,924 |
8,924 |
8,924 |
|
- Reserves |
29,584,417 |
26,198,559 |
25,193,109 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
40,371,341 |
36,985,483 |
35,980,033 |
|
|
|||
|
Working Capital |
2,601,777 |
17,012,761 |
30,467,620 |
|
Net Worth |
40,212,265 |
36,349,693 |
35,878,258 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.46 |
0.20 |
5.17 |
|
Return On Capital Employed |
5.16 |
2.86 |
52.80 |
|
Return On Total Assets Employed |
2.99 |
2.28 |
12.53 |
|
Return On Net Assets Employed |
83.44 |
6.56 |
66.48 |
|
Sales / Net Working Capital |
180.99 |
32.23 |
12.85 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
0.29 |
0 |
26.74 |
|
Debtor Days |
7.01 |
4.30 |
38.02 |
|
Creditor Days |
2.09 |
3.20 |
52.82 |
|
Short Term Stability |
|||
|
Current Ratio |
1.09 |
2.69 |
1.25 |
|
Liquidity Ratio / Acid Ratio |
1.04 |
2.69 |
0.40 |
|
Current Debt Ratio |
0.76 |
0.27 |
3.43 |
|
Long Term Stability |
|||
|
Gearing |
75.46 |
33.29 |
299.69 |
|
Equity In Percentage |
0.56 |
0.76 |
0.22 |
|
Total Debt Ratio |
0.75 |
0.33 |
3 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
|
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
NISHIT PARIKH |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
8 KASTANJELAAN ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2020 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
SAURIN PARIKH |
|
Birth Date |
1970-06-18 |
|
Position Description |
Managing director |
|
Address |
5 HAGEDOORNLAAN ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2020 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
PRADEEP TAKSALI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
3 PRINS ALBERTLEI BERCHEM (ANTW.) |
|
Country |
-- |
|
Postal Code |
2600 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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 |
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.