MIRA INFORM
REPORT
|
Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR DIAMOND TRADERS NV |
|
|
|
|
Registered Office : |
53, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
22.02.1991 |
|
|
|
|
Com. Reg. No.: |
443117279 |
|
|
|
|
Legal Form : |
Limited 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
company details |
|
|
Company Number |
443117279 |
|
Name |
EUROSTAR DIAMOND TRADERS NV |
|
Address |
53, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032137777 |
|
Fax Number |
032137799 |
|
Establishment Date |
22-02-1991 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
45 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
SCHUPSTRAAT |
|
House Number |
9 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
282125 |
|
Trade Registered Entry Date |
01-04-1991 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
118004 |
|
Event Description |
Appointment commissioner |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
118,020 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
35.46 |
|
Day Sales Outstanding |
42.68 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average Day Sales Outstanding |
124.04 |
|
Industry Average Payment Expectation Days |
133.38 |
|
Industry Quartile Analysis |
|
|
Payment Expectations - Lower |
41.13 |
|
Payment Expectations - Median |
86.73 |
|
Payment Expectations - Upper |
161.36 |
|
|
|
|
Day Sales Outstanding - Lower |
30.50 |
|
Day Sales Outstanding - Median |
73.59 |
|
Day Sales Outstanding - Upper |
156.45 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
15262652 |
|
Company Name |
EUROSTARS DIAMONDS INTERNATIONAL SA |
|
Address |
BOULEVARD PRINCE HENRI 9B, 1724 |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
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 |
1,480,479,818 |
985,708,575 |
895,775,962 |
|
Total Operating Expenses |
1,457,964,003 |
960,247,831 |
879,724,534 |
|
Operating Result |
22,515,815 |
25,460,744 |
16,051,428 |
|
Total Financial Income |
7,495,051 |
5,654,405 |
10,275,624 |
|
Total Financial Expenses |
20,109,497 |
23,106,854 |
17,295,422 |
|
Results on Ordinary Operations Before Tax |
8,698,760 |
6,969,644 |
9,031,631 |
|
Taxation |
1,343,033 |
62,120 |
5,773,249 |
|
Results on Ordinary Operations After Tax |
7,355,727 |
6,907,524 |
3,258,382 |
|
Extraordinary Items |
0 |
12,715 |
-193,146 |
|
Net Result |
7,355,727 |
6,920,239 |
3,065,236 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
3,288,678 |
3,278,423 |
2,114,260 |
|
- Wages & Salaries |
2,331,515 |
2,190,410 |
1,412,521 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
631,335 |
621,335 |
387,951 |
|
- Other Employee Costs |
325,828 |
466,678 |
313,788 |
|
Amortization & Depreciation |
436,573 |
387,480 |
476,080 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
124,038 |
105,154 |
83,006 |
|
Tangible Fixed Assets |
5,392,189 |
5,250,508 |
6,207,928 |
|
- Land And Buildings |
5,138,443 |
4,975,695 |
5,804,936 |
|
- Plant And Machinery |
187,076 |
192,278 |
305,702 |
|
- Other Tangible Assets |
66,670 |
82,535 |
97,290 |
|
Financial Fixed Assets |
82,514,434 |
39,820,319 |
57,460,308 |
|
Total Fixed Assets |
88,030,661 |
45,175,981 |
63,751,242 |
|
Inventories |
170,013,240 |
172,545,456 |
222,137,150 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
170,013,240 |
172,545,456 |
222,137,150 |
|
Trade Debtors |
173,105,794 |
214,765,596 |
246,162,947 |
|
Cash |
12,125,545 |
5,907,405 |
1,878,703 |
|
- Miscellaneous Current Assets |
25,053,042 |
12,581,908 |
14,089,082 |
|
Total Current Assets |
425,840,914 |
458,518,653 |
539,155,262 |
|
Current Liabilities |
|||
|
- Trade Creditors |
141,634,952 |
130,289,449 |
206,826,908 |
|
- Short Term Group Loans |
32,103,566 |
2,931,067 |
23,902,456 |
|
- Other Short Term Loans |
147,791,895 |
142,048,213 |
145,410,065 |
|
- Miscellaneous Current Liabilities |
-30,687,970 |
-1,223,820 |
-21,222,570 |
|
Total Current Liabilities |
290,842,443 |
274,044,909 |
354,916,859 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
8,489,786 |
10,656,623 |
11,113,335 |
|
- Other Long Term Liabilities |
2,802,465 |
3,006,905 |
3,189,013 |
|
Total Long Term Debts |
11,292,251 |
13,663,528 |
14,302,348 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
118,552,500 |
132,730,465 |
148,361,905 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
92,902,398 |
82,989,133 |
85,027,397 |
|
- Revaluation Reserve |
281,983 |
266,598 |
297,995 |
|
Total Shareholders Equity |
211,736,881 |
215,986,196 |
233,687,297 |
|
|
|||
|
Working Capital |
134,998,471 |
184,473,744 |
184,238,403 |
|
Net Worth |
211,612,843 |
215,881,042 |
233,604,291 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.59 |
0.71 |
1.01 |
|
Return On Capital Employed |
3.90 |
3.03 |
3.64 |
|
Return On Total Assets Employed |
1.69 |
1.38 |
1.50 |
|
Return On Net Assets Employed |
6.44 |
3.78 |
4.90 |
|
Sales / Net Working Capital |
10.97 |
5.34 |
4.86 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
11.48 |
17.50 |
24.80 |
|
Debtor Days |
42.68 |
79.53 |
100.30 |
|
Creditor Days |
35.46 |
49.52 |
85.81 |
|
Short Term Stability |
|||
|
Current Ratio |
1.46 |
1.67 |
1.52 |
|
Liquidity Ratio / Acid Ratio |
0.88 |
1.04 |
0.89 |
|
Current Debt Ratio |
1.37 |
1.27 |
1.52 |
|
Long Term Stability |
|||
|
Gearing |
88.97 |
72.06 |
77.21 |
|
Equity In Percentage |
0.41 |
0.43 |
0.39 |
|
Total Debt Ratio |
0.89 |
0.72 |
0.77 |
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 |
KAUSHIK KIRTILAL MEHTA |
|
Birth Date |
1949-06-29 |
|
Position Description |
Managing director |
|
Address |
25 EEKHOORNLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2016-06-01 |
|
Company Director |
|
|
Full Name |
SACHIN DINUKUMAR MEHTA |
|
Birth Date |
1964-01-09 |
|
Position Description |
Chairman of the board |
|
Address |
39 FAZANTENLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2016-06-01 |
|
Company Director |
|
|
Full Name |
ASHISH PRAVIN KOTHARI |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
7 FAZANTENLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2016-06-01 |
|
Company Director |
|
|
Full Name |
KUNAL MEHTA |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
25 EEKHOORNLAAN WILRIJK (ANTW.) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
2016-06-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
|
1 |
Rs.71.64 |
|
Euro |
1 |
Rs.62.96 |
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.