MIRA INFORM REPORT

 

 

Report Date :

15.03.2011

 

IDENTIFICATION DETAILS

 

Name :

V.R. DIAMONDS BVBA

 

 

Registered Office :

Hoveniersstraat 30 Antwerpen 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

15.09.2006

 

 

Com. Reg. No.:

883901612

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale 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 :

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

 

business number

883901612

company name

V.R. DIAMONDS BVBA

address

HOVENIERSSTRAAT 30 ANTWERPEN

post code

2018

telephone number

032300733

fax number

-

date of establishment

15/09/2006

number of staff

0



credit information

 

credit limit (€)

0,00

 

 

 

 

 

purchase limit

0,00

 

 

 

 

 

date of deposit at registry

31/12/2008

date of latest accounts

31/12/2008

turnover

-

results on ordinary operations before taxation

1.170,00

net worth

21.469,00




payment expectations

 

past payments

 

payment expectation days

-

day sales outstanding

-

industry average payment expectation days

130.57

industry average day sales outstanding

118.83




court data summary

 

bankruptcy details

court action type

no

 

protested bills

 

bill amount

-

 

NSSO details

 

date of summons

-

 

 

 

company information

 

company details

business number

883901612

company name

V.R. DIAMONDS BVBA

fax number

-

date founded

15/09/2006

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 (€)

 

AMB Publications

 

AMB publication serial number

91634

contents

Transfer of registered office

event filed date

24/06/2010

 

AMB publication serial number

42892

contents

Dismissal

event filed date

19/03/2008

 

AMB publication serial number

42892

contents

Appointment

event filed date

19/03/2008

 

AMB publication serial number

155481

contents

Establishment

event filed date

11/10/2006

 

 

Belgian Bullettin of Acts Publications

 

AMB publication serial number

20100624-91634

contents

Formerly established at QUINTEN MATSIJSLEI 31 - 2018 ANTWERPEN

event filed date

17/05/2010

 

AMB publication serial number

20100624-91634

contents

Transfer of registered office HOVENIERSSTRAAT 30/125 - 2018 ANTWERPEN

event filed date

17/05/2010

 

AMB publication serial number

-0

contents

Liable to the VAT-administration 01-OCT-06

event filed date

11/11/2006

 

 

accounts & ratios

 

annual accounts

31-12-2008

change(%)

31-12-2007

change(%)

 

weeks

52

 

52

 

-

currency

EUR

 

EUR

 

-

turnover

-

-

-

-

-

total operating expenses

-

-

-

-

-

operating result

2.058,00

-33.53 %

3.096,00

-

-

total financial income

783,00

4,250.00 %

18,00

-

-

total financial expenses

1.321,00

18.69 %

1.113,00

-

-

results on ordinary operations before taxation

1.520,00

-24.04 %

2.001,00

-

-

taxation

350,00

15.89 %

302,00

-

-

results on ordinary operations after taxation

1.170,00

-31.14 %

1.699,00

-

-

extraordinary items

0,00

-

0,00

-

-

other appropriations

0

-

0

-

-

net result

1.170,00

-31.14 %

1.699,00

-

-

other information

dividends

-

-

-

-

-

director remuneration

-

-

-

-

-

employee costs

0,00

-

0,00

-

-

-- wages and salary

-

-

-

-

-

-- employee pension costs

-

-

-

-

-

-- social security contributions

-

-

-

-

-

-- other employee costs

-

-

-

-

-

amortization and depreciation

1.513,00

-

-

-

-

 

balance sheet

annual accounts

31-12-2008

change(%)

31-12-2007

change(%)

 

weeks

52

 

52

 

-

currency

EUR

 

EUR

 

-

 

intangible fixed assets

0,00

-

0,00

-

-

tangible fixed assets

16.237,00

-

0,00

-

-

-- land & building

0,00

-

0,00

-

-

-- plant & machinery

0,00

-

0,00

-

-

-- other tangible assets

16.237,00

-

0,00

-

-

financial fixed assets

0,00

-

0,00

-

-

total fixed assets

16.237,00

-

0,00

-

-

inventories

433.113,00

-3.42 %

448.455,00

-

-

-- raw materials & consumables

0,00

-

0,00

-

-

-- work in progress

0,00

-

0,00

-

-

-- finished goods

0,00

-

0,00

-

-

-- other stocks

433.113,00

-3.42 %

448.455,00

-

-

trade debtors

139.747,00

-17.41 %

169.200,00

-

-

cash

2.792,00

-35.89 %

4.355,00

-

-

other amounts receivable

1.460,00

4.73 %

1.394,00

-

-

-- miscellaneous current assets

1.063,00

-106,400.00 %

-1,00

-

-

total current assets

578.175,00

-7.26 %

623.403,00

-

-

current liabilities

-- trade creditors

108.428,00

-42.22 %

187.644,00

-

-

-- short term group loans

0,00

-

0,00

-

-

-- other short term loans

3.183,00

-

0,00

-

-

-- miscellaneous current liabilities

448.029,00

7.84 %

415.460,00

-

-

total current liabilities

559.640,00

-4.65 %

603.104,00

-

-

long term debts

-- long term group loans

0,00

-

0,00

-

-

-- other long term loans

13.302,00

-

0,00

-

-

-- other long term liabilities

0,00

-

0,00

-

-

total long term debts

13.302,00

-

0,00

-

-

shareholders equity

-- issued share capital

18.600,00

0.00 %

18.600,00

-

-

-- share premium account

0,00

-

0,00

-

-

-- reserves

2.869,00

68.86 %

1.699,00

-

-

-- revaluation reserve

0,00

-

0,00

-

-

total shareholders equity

21.469,00

5.76 %

20.299,00

-

-

working capital

18.535,00

-8.69 %

20.299,00

-

-

net worth

21.469,00

5.76 %

20.299,00

-

-

 

ratio analysis

annual accounts

31-12-2008

change(%)

31-12-2007

change(%)

 

trading performance

results on ordinary operations before taxation margin

-

-

-

-

-

return on capital employed

4.37

-55.68 %

9.86

-

-

return on total assets employed

0.26

-18.75 %

0.32

-

-

return on net assets employed

8.20

-16.84 %

9.86

-

-

sales / net working capital

-

-

-

-

-

operating efficiency

stock turnover ratio

-

-

-

-

-

debtor days

-

-

-

-

-

creditor days

-

-

-

-

-

short term stability

current ratio

1.03

0.00 %

1.03

-

-

liquidity ratio / acid ratio

0.26

-10.34 %

0.29

-

-

current debt ratio

26.07

-12.25 %

29.71

-

-

liquidity ratio reprocessed

1.04

0.97 %

1.03

-

-

long term stability

gearing

76.79

-

0

-

-

equity in percentage

0.04

33.33 %

0.03

-

-

total debt ratio

0.77

-

0

-

-

 

 

industry comparison

activity code

46761

activity description

Wholesale of diamonds and other precious stones

industry average credit rating

56.60

industry average credit limit

166146.01

 

 

payment expectations

 

suspension of payments / moratorium history

amount

-

details

-

 

payment expectations

payment expectation days

-

day sales outstanding

-

 

industry comparison

activity code

4676

activity description

Wholesale of other intermediate products

industry average payment expectation days

130.57

industry average day sales outstanding

118.83

 

industry quartile analysis

payment expectations

 

company result

-

lower

39.22

median

82.36

upper

151.21

 

day sales outstanding

 

company result

-

lower

30.48

median

71.69

upper

150.29

 

 

 

court data

 

protested bills

drawee name

-

address

-

bill amount

-

bill currency

-

maturity of bill

-

name of drawer

-

city of drawer

-

 

NSSO details

business number

883901612

name of defendant

-

legal form of defendant

-

date of summons

-

labour court

-



bankruptcy details

there is no bankruptcy data against this company

 

 

 

director details

           

name

VILIS SUDHIRKUMAR MEHTA

position

Manager

street

31 QUINTEN MATSIJSLEI ANTWERPEN

post code

2018

country

-

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.