MIRA INFORM REPORT
|
Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
BLUE PLANET DIAMOND NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 55 Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
11.04.2003 |
|
|
|
|
Com. Reg. No.: |
480084969 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – 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 |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Company Summary |
|
|
Business Name |
BLUE PLANET DIAMOND NV |
|
Business Number |
480084969 |
|
Address |
HOVENIERSSTRAAT 55
ANTWERPEN |
|
Post Code |
2018 |
|
Telephone |
032255995 |
|
Fax Number |
032255956 |
|
Date of Establishment |
11/04/2003 |
|
Number of Employees |
0 |
|
Credit Information
Summary |
|
|
Company Status |
ACTIVE |
|
Credit Limit (€) |
29,000 |
|
Purchase Limit (€) |
|
|
Date of Deposit at
Registry |
02/07/2010 |
|
Date of Last Accounts |
31/12/2009 |
|
Turnover |
- |
|
Results of Ordinary
Operations Before Tax |
- |
|
Networth |
281,486 |
|
Past Payments |
|
|
Payment Expectation Days |
|
|
Days Sales Outstanding |
|
|
Industry Average Payment
Expectation Days |
137 |
|
Industry Average Day
Sales Outstanding |
124.66 |
|
Court Data Summary |
|
|
bankruptcy
details |
|
|
Court Action Type |
None |
|
Protested Bills |
|
|
Bill Amount |
|
|
NSSO Details |
|
|
Date of Summons |
19/02/2007 |
Company Information
|
company details |
|
|
Business Number |
480084969 |
|
Name |
BLUE PLANET DIAMOND NV |
|
Fax Number |
032255956 |
|
Establishment Date |
11/04/2003 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Activity Description |
Wholesale of diamonds
and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
PELIKAANSTRAAT |
|
House Number |
92 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
354473 |
|
Trade Registered Entry
Date |
01/05/2003 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
// |
|
Latest Event |
|
|
Serial Number |
138896 |
|
Event Description |
Rectification |
DIRECTORS/MANAGEMENT
Directors
|
Company Director |
|
|
Full Name |
ALI MOHAMED |
|
Position |
Director |
|
Address |
17 VAN EYCKLEI ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
SARAH EL-ALI |
|
Position |
Managing director |
|
Address |
4 MARIA-HENRIETTALEI
ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
|
Company Director |
|
|
Full Name |
SOHA EL-ALI |
|
Position |
Managing director |
|
Address |
20 APPELMANSSTRAAT
ANTWERPEN |
|
Postal Code |
2018 |
|
Country |
-- |
NEGATIVE INFORMATION
Court
Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Business Number |
|
|
Name of Defendant |
BLUE PLANET DIAMOND |
|
Legal Form of Defendant |
Limited company |
|
Date of Summons |
2007-02-19 |
|
Labour Court |
ANTWERPEN |
|
Bankruptcy Data |
|
There is no bankruptcy
data against this company. |
SHARE & SHARE CAPITAL
INFORMATION
Shareholders
|
No holding companies for
this company. |
PAYMENT INFORMATION
Payment
Expectations
|
Payment Expectations |
|
|
Payment Expectation Days |
|
|
Day Sales Outstanding |
|
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other
intermediate products |
|
Industry Average Day
Sales Outstanding |
124.66 |
|
Industry Average Payment
Expectation Days |
137 |
|
Industry Quartile
Analysis |
|
|
Payment
Expectation Days |
|
|
Payment Expectations -
Lower |
41.25 |
|
Payment Expectations -
Median |
90.32 |
|
Payment Expectations -
Upper |
162.53 |
|
Day Sales
Outstanding |
|
|
Day Sales Outstanding -
Lower |
31.52 |
|
Day Sales Outstanding -
Median |
75.21 |
|
Day Sales Outstanding -
Upper |
158.58 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
No subsidiaries for this company.
FINANCIAL INFORMATION
Accounts & Ratio
|
Period |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Turnover |
- |
- |
- |
- |
- |
|
Total Operating Expenses |
- |
- |
- |
- |
- |
|
Operating Result |
26,976 |
187.0% |
-31,000 |
-266.9% |
18,571 |
|
Total Financial Income |
25,529 |
-97.9% |
1,209,208 |
642.6% |
162,838 |
|
Total Financial Expenses |
43,464 |
-96.3% |
1,171,266 |
596.2% |
168,243 |
|
Results on Ordinary
Operations Before Tax |
9,041 |
30.2% |
6,942 |
-47.3% |
13,166 |
|
Taxation |
- |
- |
338 |
-94.0% |
5,640 |
|
Results on Ordinary
Operations After Tax |
9,041 |
36.9% |
6,604 |
-12.3% |
7,526 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Net Result |
9,041 |
36.9% |
6,604 |
-12.3% |
7,527 |
|
Other Information |
|||||
|
Dividends |
- |
- |
- |
- |
- |
|
Director Remuneration |
- |
- |
- |
- |
- |
|
Employee Costs |
896 |
227.8% |
-701 |
-105.4% |
12,971 |
|
- Wages & Salaries |
- |
- |
- |
- |
11,626 |
|
- Social Security
Contributions |
- |
- |
- |
- |
1,321 |
|
- Other Employee Costs |
896 |
227.8% |
-701 |
-3,020.8% |
24 |
|
Amortization &
Depreciation |
6,394 |
-5.4% |
6,762 |
-35.6% |
10,493 |
|
Balance Sheet |
|||||
|
Accounts End Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Weeks |
52 |
- |
52 |
- |
52 |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
2,383 |
-71.9% |
8,489 |
-44.3% |
15,251 |
|
- Land And Buildings |
0 |
- |
0 |
-100.0% |
294 |
|
- Plant And Machinery |
1,968 |
-28.5% |
2,754 |
-23.9% |
3,619 |
|
- Other Tangible Assets |
415 |
-92.8% |
5,735 |
-49.4% |
11,338 |
|
Financial Fixed Assets |
11,100 |
9.9% |
10,100 |
0.0% |
10,100 |
|
Total Fixed Assets |
13,483 |
-27.5% |
18,589 |
-26.7% |
25,351 |
|
Inventories |
|||||
|
- Raw Materials &
Consumables |
0 |
- |
0 |
- |
0 |
|
- Work in Progress |
0 |
- |
0 |
- |
0 |
|
- Finished Goods |
0 |
- |
0 |
- |
0 |
|
- Other Stocks |
511,245 |
7.8% |
474,240 |
-54.1% |
1,033,473 |
|
Trade Debtors |
17,185 |
-88.0% |
143,721 |
241.4% |
42,093 |
|
Cash |
275,098 |
226.4% |
84,271 |
13.5% |
74,225 |
|
- Miscellaneous Current
Assets |
11,586 |
431.7% |
2,179 |
380.0% |
454 |
|
Total Current Assets |
817,343 |
15.6% |
707,054 |
-38.6% |
1,151,411 |
|
|
|||||
|
- Trade Creditors |
115,297 |
776.5% |
13,155 |
-96.9% |
420,349 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
1,180 |
-56.6% |
2,720 |
- |
0 |
|
- Miscellaneous Current
Liabilities |
424,668 |
-2.7% |
436,418 |
-2.8% |
449,148 |
|
Total Current
Liabilities |
541,145 |
19.6% |
452,293 |
-48.0% |
869,497 |
|
|
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term
Liabilities |
8,196 |
804.6% |
906 |
-97.8% |
41,424 |
|
Total Long Term Debts |
8,196 |
804.6% |
906 |
-97.8% |
41,424 |
|
|
|||||
|
- Issued Share Capital |
250,000 |
0.0% |
250,000 |
0.0% |
250,000 |
|
- Share Premium Account |
0 |
- |
0 |
- |
0 |
|
- Reserves |
31,486 |
40.3% |
22,445 |
41.7% |
15,840 |
|
- Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Total Shareholders
Equity |
281,486 |
3.3% |
272,445 |
2.5% |
265,840 |
|
|
|||||
|
Working Capital |
276,198 |
8.4% |
254,761 |
-9.6% |
281,914 |
|
Net Worth |
281,486 |
3.3% |
272,445 |
2.5% |
265,840 |
|
Ratio Analysis |
||||||
|
Trading
Performance |
||||||
|
Pre-tax Profit Margin |
- |
- |
- |
- |
- |
|
|
Return On Capital
Employed |
3.12 |
22.8% |
2.54 |
-40.7% |
4.28 |
|
|
Return On Total Assets
Employed |
1.09 |
13.5% |
0.96 |
-14.3% |
1.12 |
|
|
Return On Net Assets
Employed |
3.27 |
20.2% |
2.72 |
-41.8% |
4.67 |
|
|
Sales / Net Working Capital |
- |
- |
- |
- |
- |
|
|
Operating
Efficiency |
|
|||||
|
Stock Turnover Ratio |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Short Term
Stability |
|
|||||
|
Current Ratio |
1.51 |
-3.2% |
1.56 |
18.2% |
1.32 |
|
|
Liquidity Ratio / Acid
Ratio |
0.57 |
11.8% |
0.51 |
264.3% |
0.14 |
|
|
Current Debt Ratio |
1.92 |
15.7% |
1.66 |
-49.2% |
3.27 |
|
|
Long Term
Stability |
|
|||||
|
Gearing |
0.42 |
-58.0% |
1.00 |
- |
0 |
|
|
Equity In Percentage |
0.34 |
-10.5% |
0.38 |
65.2% |
0.23 |
|
|
Total Debt Ratio |
0 |
-100.0% |
0.01 |
- |
0 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Industry Comparison |
|
|
Activity Code |
46761 |
|
Activity Description |
Wholesale of diamonds
and other precious stones |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.66.04 |
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 |
|
---- |
NB |
New Business |
---- |
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.