MIRA INFORM REPORT
|
Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
JAYAM NV |
|
|
|
|
Registered Office : |
18, Schupstraat, Antwerpen |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
01.01.1960 |
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Com. Reg. No.: |
404965892 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of diamonds and other precious stones |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
|
company details |
|
|
Company Number |
404965892 |
|
Name |
JAYAM NV |
|
Address |
18, SCHUPSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032310935 |
|
Fax Number |
032329220 |
|
Establishment Date |
01-01-1960 |
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Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
13 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
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House Number |
|
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City |
-- |
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Postal Code |
|
|
Trade Registered Number |
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|
Trade Registered Entry Date |
-- |
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Contractor Details |
|
|
Registration Number |
-- |
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Contractor Description |
-- |
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Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
28173 |
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Event Description |
Transfer of registered office |
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Limit |
|
|
Credit Information |
|
|
Credit Limit (€) |
1,600,000 |
|
Purchase Limit (€) |
6,900,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
158,790 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
53.32 |
|
Day Sales Outstanding |
207.41 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity
Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
124.84 |
|
Industry Average
Payment Expectation Days |
136.84 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
41.36 |
|
Payment
Expectations - Median |
91.12 |
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Payment
Expectations - Upper |
162.53 |
|
|
|
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Day Sales
Outstanding - Lower |
31.17 |
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Day Sales
Outstanding - Median |
75.21 |
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Day Sales Outstanding
- Upper |
159.31 |
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Company
Shareholder Holding |
|
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Shareholder Detail |
|
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Company Number |
17430108 |
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Company Name |
JAYAM DIAMONDS INTERNATIONAL PTE LTD |
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Address |
, |
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Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
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Shareholder Detail |
|
|
Company Number |
867740719 |
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Company Name |
SACHIN DIAMONDS |
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Address |
HOVENIERSSTRAAT 50-52, ANTWERPEN |
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Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
1.91 |
|
Annual Accounts Date |
01-12-2009 |
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Shareholder Detail |
|
|
Company Number |
17430207 |
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Company Name |
JAYAM CHINA LTD |
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Address |
|
|
Postal Code |
0 |
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Country |
|
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Share Percentage |
100 |
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Annual Accounts Date |
01-03-2010 |
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Shareholder Detail |
|
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Company Number |
17430306 |
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Company Name |
DIAMOND VALLEE |
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Address |
RUE DU FAUBOURG ST HONORE 262, |
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Postal Code |
75008 |
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Country |
|
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Share Percentage |
75 |
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Annual Accounts Date |
01-03-2010 |
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Shareholder Detail |
|
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Company Number |
447811485 |
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Company Name |
SPORTS CLUB OF |
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Address |
HOVENIERSSTRAAT 53/132, ANTWERPEN |
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Postal Code |
2018 |
|
Country |
|
|
Share Percentage |
16.65 |
|
Annual Accounts Date |
01-03-2010 |
Company Accounts
|
Period |
|||
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Accounts End Date |
31-03-2010 |
31-03-2009 |
31-03-2008 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
27,418,148 |
34,171,600 |
51,886,826 |
|
Total Operating Expenses |
26,138,518 |
44,651,790 |
49,445,888 |
|
Operating Result |
1,279,630 |
-10,480,190 |
2,440,938 |
|
Total Financial Income |
33,969 |
103,209 |
138,024 |
|
Total Financial Expenses |
1,165,905 |
1,334,886 |
2,090,580 |
|
Results on Ordinary Operations Before Tax |
147,694 |
-11,711,867 |
488,382 |
|
Taxation |
4,667 |
-6,435 |
25,534 |
|
Results on Ordinary Operations After Tax |
143,027 |
-11,705,432 |
462,848 |
|
Extraordinary Items |
81,339 |
-5,022 |
-289,241 |
|
Net Result |
224,366 |
-11,710,454 |
173,607 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
644,961 |
715,670 |
652,741 |
|
- Wages & Salaries |
501,558 |
559,168 |
519,907 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
135,887 |
148,731 |
123,704 |
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- Other Employee Costs |
7,516 |
7,771 |
9,130 |
|
Amortization & Depreciation |
48,124 |
54,025 |
50,975 |
|
Balance Sheet |
|||
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Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
283,154 |
306,069 |
297,733 |
|
- Land And Buildings |
0 |
0 |
0 |
|
- Plant And Machinery |
31,503 |
26,678 |
29,168 |
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- Other Tangible Assets |
251,651 |
279,391 |
268,565 |
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Financial Fixed Assets |
328,445 |
338,196 |
288,863 |
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Total Fixed Assets |
611,599 |
644,265 |
586,596 |
|
Inventories |
29,708,832 |
35,407,984 |
42,080,613 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
29,708,832 |
35,407,984 |
42,080,613 |
|
Trade Debtors |
15,580,142 |
9,542,557 |
17,164,495 |
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Cash |
430,550 |
3,166,365 |
39,222 |
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- Miscellaneous Current Assets |
18,196 |
86,681 |
71,602 |
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Total Current Assets |
45,873,902 |
48,255,084 |
59,406,812 |
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Current Liabilities |
|||
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- Trade Creditors |
3,818,497 |
4,905,123 |
5,492,018 |
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- Short Term Group Loans |
16,794,353 |
32,279,506 |
33,669,335 |
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- Other Short Term Loans |
16,414,552 |
17,295,449 |
15,694,805 |
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- Miscellaneous Current Liabilities |
-16,506,149 |
-31,911,966 |
-33,422,436 |
|
Total Current Liabilities |
20,521,253 |
22,568,112 |
21,433,722 |
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Long Term Debts |
|||
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- Long Term Group Loans |
16,794,353 |
32,279,506 |
33,669,335 |
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- Other Long Term Loans |
16,794,353 |
32,279,506 |
33,669,336 |
|
- Other Long Term Liabilities |
-16,780,745 |
-32,246,069 |
-33,600,466 |
|
Total Long Term Debts |
16,807,961 |
32,312,943 |
33,738,205 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
17,515,832 |
2,712,121 |
2,282,600 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
-8,359,545 |
-8,693,828 |
2,538,880 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
9,156,287 |
-5,981,707 |
4,821,480 |
|
|
|||
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Working Capital |
25,352,649 |
25,686,972 |
37,973,090 |
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Net Worth |
9,156,287 |
-5,981,707 |
4,821,480 |
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Ratio Analysis |
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Trading Performance |
|||
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Results on Ordinary Operations Before Taxation Margin |
0.54 |
-34.27 |
0.94 |
|
Return On Capital Employed |
0.57 |
-44.48 |
1.27 |
|
Return On Total Assets Employed |
0.32 |
-23.95 |
0.81 |
|
Return On Net Assets Employed |
0.58 |
-45.59 |
1.29 |
|
Sales / Net Working Capital |
1.08 |
1.33 |
1.37 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
108.35 |
103.62 |
81.10 |
|
Debtor Days |
207.41 |
101.93 |
120.74 |
|
Creditor Days |
53.32 |
40.10 |
40.54 |
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Short Term Stability |
|||
|
Current Ratio |
2.24 |
2.14 |
2.77 |
|
Liquidity Ratio / Acid Ratio |
0.79 |
0.57 |
0.81 |
|
Current Debt Ratio |
2.24 |
-3.77 |
4.45 |
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Long Term Stability |
|||
|
Gearing |
729.53 |
-1908.05 |
2420.48 |
|
Equity In Percentage |
0.20 |
-0.12 |
0.08 |
|
Total Debt Ratio |
7.30 |
-19.08 |
24.20 |
Company Court Data
|
Protested Bills |
|
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Drawee Name |
-- |
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Drawee Address |
-- |
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Bill Amount |
|
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Bill Currency |
-- |
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Maturity of Bill (month) |
|
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Name of Drawer |
-- |
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City of |
-- |
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NSSO Details |
|
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Name of Defendant |
-- |
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Legal Form of Defendant |
-- |
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Date of Summons |
|
|
|
-- |
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Directors |
|
|
Company Director |
|
|
Full Name |
SACHIN J MEHTA |
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Birth Date |
|
|
Position Description |
Director |
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Address |
|
|
Country |
|
|
Postal Code |
0 |
|
Birth Date |
2014-01-01 |
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Company Director |
|
|
Full Name |
MIHIR MAHENDRA MEHTA |
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Birth Date |
1971-01-27 |
|
Position Description |
Managing director |
|
Address |
55 DELLA FAILLELAAN ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2020 |
|
Birth Date |
2014-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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.