MIRA INFORM REPORT

 

 

Report Date :

07.05.2011

 

IDENTIFICATION DETAILS

 

Name :

INTERNATIONAL DIAMOND EXPORTERS BVBA

 

 

Registered Office :

Hoveinstraat 53, Bus 43, Antwrpen 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

01.01.1974

 

 

Legal Form :

Private Limited Company (BL/LX)

 

 

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)

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

 

Business number

413636110

Company name

INTERNATIONAL DIAMOND EXPORTERS BVBA

Fax number

032251788

Date founded

01/01/1974

Company status

Active

Company type

Private Limited Company (BL/LX)

Currency

Euro (€)

Date of latest accounts

31/12/2009

Activity code

46761

liable for VAT

yes

Activity description

Wholesale of diamonds and other precious stones

VAT Number

BE.0413.636.110.

 

Latest branch details

Street

-

Entry date

-

House or po box number

-

Trade register number

-

City

-

Post code

-

 

Contractor details Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

 

 

 

 

DIRECTORS/MANAGEMENT

Current director details

 

Name

FRANCOIS POLLAK

Position

Principal Manager

Street

31 CHARLOTTALEI ANTWERPEN

Post code

2018

Country

Belgium

 

 

NEGATIVE INFORMATION

Bankruptcy details

 

There is no bankruptcy data against this company

 

 

court data

there is no data for this company

 

Protested bills

Drawee name

-

Address

-

Bill amount

-

Bill currency

-

Maturity of bill

-

Name of drawer

-

City of drawer

-

 

NSSO details

Business number

413636110

Name of defendant

-

Legal form of defendant

-

Date of summons

-

Labour court

-

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

 

 

PAYMENT INFORMATION

Suspension of payments / moratorium history

Amount

-

Details

-

 

Payment expectations

Payment expectation days

76.79

Day sales outstanding

36.71

 

Industry comparison

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

Industry average payment expectation days

210.80

Industry average day sales outstanding

165

 

Industry quartile analysis

Payment expectations

View graph

Company result

76.79

Lower

171.11

Median

104.98

Upper

49.81

 

Day sales outstanding

View graph

Company result

36.71

Lower

153.69

Median

75.14

Upper

33.09

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Holding company

No holding companies found

 

Subsidiaries

No subsidiary companies found

 

 

FINANCIAL INFORMATION

 

PROFIT & LOSS

 

Annual accounts

31-12-2008

%

31-12-2007

%

31-12-2009

Industry average
2008

%

Weeks

52

 

-104

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

8,884,718

-30.86

12,849,785

13.67

11,304,072

37,500,709

-76.31

Total operating expenses

8,980,456

-31.36

13,083,601

21.35

10,781,885

37,009,222

-75.73

Operating result

-95,738

40.95

-233,816

-144

522,187

169,357

-156

Total financial income

246,218

-33.26

368,920

18899

1,942

425,112

-42.08

Total financial expenses

124,401

-2.17

127,154

-75.85

526,617

520,211

-76.09

Results on ordinary operations before taxation

26,079

228

7,949

319

-2,488

17,750

46.92

Taxation

3,199

205

-1,556

51.45

-3,024

12,740

-74.89

Results on ordinary operations after taxation

22,880

140

9,505

1673

536

8,728

162

Extraordinary items

0

0

-8,315

-232

-2,500

-324

0

Other appropriations

3761

-0.05

3763

0.03

3761.85

-

-

Net result

26,641

437

4,953

175

1,798

7,597

250

other information

Dividends

-

-

-

-

-

158,533

-

Director remuneration

-

-

-

-

-

115,932

-

Employee costs

55,200

-12.39

63,010

16.63

54,026

127,232

-56.61

      Wages and salary

41,161

-5.56

43,586

0.78

43,250

110,969

-62.91

      Employee pension costs

-

-

-

-

-

15,334

-

      Social security contributions

12,691

-26.10

17,173

93.25

8,886

27,165

-53.28

      Other employee costs

1,348

-40.12

2,251

19.12

1,890

3,136

-57.02

Amortization and depreciation

57,383

0.66

57,009

0.81

56,550

26,933

113

 

 

 

 

 

 

 

 

 

 


BALANCE SHEET

 

Annual accounts

31-12-2008

%

31-12-2007

%

31-12-2009

Industry average
2008

%

Weeks

52

 

-104

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

0

-

0

-

0

12,083

-100

Tangible fixed assets

664,587

-7.60

719,220

18.08

609,111

178,823

271

      Land & building

577,941

-6.70

619,418

15.46

536,464

340,012

69.98

      Plant & machinery

7,086

-7.83

7,688

40.60

5,468

29,335

-75.84

      Other tangible assets

79,560

-13.63

92,114

37.12

67,178

23,878

233

Financial fixed assets

10,581

0

10,581

0.00

10,581

245,992

-95.70

Total fixed assets

675,168

-7.49

729,801

17.77

619,692

350,357

92.71

Inventories

5,413,398

-0.24

5,426,206

28.85

4,211,128

3,002,231

80.31

      Raw materials & consumables

-

-

-

-

-

4,608,957

-

      Work in progress

0

-

0

-

0

6,008

-100

      Finished goods

5,413,398

-0.24

5,426,206

28.85

4,211,128

1,984,367

172

      Other stocks

0

-

0

-

0

516,164

-100

Trade debtors

944,243

-21.73

1,206,402

6.10

1,136,999

3,290,952

-71.31

Cash

319,956

1078

27,154

-71.03

93,718

143,466

123

other amounts receivable

4,892

-73.61

18,535

207

6,026

327,529

-98.51

Miscellaneous current assets

3,122

-23.74

4,094

-73.75

15,595

31,900

-90.21

Total current assets

6,685,611

0.05

6,682,391

22.31

5,463,466

6,346,599

5.34

current liabilities

Trade creditors

2,673,464

-3.63

2,774,146

22.30

2,268,380

2,719,810

-1.70

Short term group loans

-

-

-

-

-

-

-

Other short term loans

892,431

8.25

824,388

409

161,864

1,594,061

-44.02

Miscellaneous current liabilities

533,676

6.13

502,850

888

50,878

23.20

- -

Total current liabilities

4,099,571

-0.04

4,101,384

65.30

2,481,122

4,597,246

-10.83

Long term debts

Long term group loans

-

-

-

-

-

-

- -

Other long term loans

1,238,909

-5.53

1,311,389

-17.09

1,581,701

12.51

- -

Other long term liabilities

111,662

-3.26

115,424

6.97

107,900

116,613

-4.25

Total long term debts

1,350,571

-5.34

1,426,813

-15.55

1,689,601

547,485

146

shareholders equity

Issued share capital

19,831

0

19,831

-0.84

20,000

765,974

-97.41

Share premium account

-

-

-

-

-

118,686

-

Reserves

1,890,806

1.43

1,864,164

-1.49

1,892,435

730,748

158

Revaluation reserve

-

-

-

-

-

653,437

-

Total shareholders equity

1,910,637

1.41

1,883,995

-1.49

1,912,435

1,512,619

26.31

Working capital

2,586,040

0.20

2,581,007

-13.46

2,982,344

1,749,353

47.83

Net worth

1,910,637

1.41

1,883,995

-1.49

1,912,435

1,500,536

27.33

 

 

RATIO ANALYSIS

 

Annual accounts

31-12-2008

change(%)

31-12-2007

change(%)

31-12-2009

Industry average
2008

%

Trading performance

Profit Before Tax

0.29

383

0.06

300

-0.02

7,00

-95.86

Return on capital employed

0.80

233

0.24

342

-0.07

82,00

-99

Return on total assets employed

0.35

218

0.11

275

-0.04

-9,00

3.89

Return on net assets employed

1.36

223

0.42

323

-0.13

81,00

-98.32

Sales / net working capital

3.44

-30.92

4.98

31.40

3.79

1,00

-99

Stock turnover ratio

60.93

44.28

42.23

13.37

37.25

136,00

-55.20

Debtor days

38.79

13.19

34.27

-6.65

36.71

1.201,00

-96.77

Creditor days

108.66

40.41

77.39

0.78

76.79

267,00

-59.30

short term stability

Current ratio

1.63

0

1.63

-25.91

2.20

7,00

-85.18

Liquidity ratio / acid ratio

0.31

0

0.31

-38.00

0.50

3,00

-89.67

Current debt ratio

2.15

-1.38

2.18

67.69

1.30

11,00

-80.45

Liquidity ratio reprocessed

-

-

-

-

-

-

-

long term stability

Gearing

111.55

-1.60

113.36

24.34

91.17

338,00

-67.00

Equity in percentage

25.96

2.12

25.42

-19.15

31.44

-72,00

36.06

Total debt ratio

2.85

-2.73

2.93

34.40

2.18

11,00

-74.09

 

 

FOREIGN EXCHANGE RATES

 

NA

 

 

ADDITIONAL INFORMATION

Personnel limit NSSO

 

Code

-

Description

FROM 1 TO 4 EMPLOYEES

 

AMB Publications

AMB publication serial number

136842

Contents

Increase of capital

Event filed date

29/09/2009

 

AMB publication serial number

136842

Contents

Conversion of share capital in EUR

Event filed date

29/09/2009

 

AMB publication serial number

136842

Contents

Change of articles of association

Event filed date

29/09/2009

 

AMB publication serial number

193640

Contents

Reappointment commissioner

Event filed date

15/12/2008

 

AMB publication serial number

154112

Contents

Reappointment commissioner

Event filed date

28/10/2005

 

 

AMB publication serial number

313

Contents

Transfer of registered office

Event filed date

09/08/2002

 

 

AMB publication serial number

313

Contents

Reappointment

Event filed date

09/08/2002

 

 

 

Belgian Bullettin of Acts Publications moniteur belge

AMB publication serial number

20090929-36842

Contents

Increase of capital from EUR 1983148 to EUR 20000

Event filed date

17/09/2009

 

AMB publication serial number

20090929-36842

Contents

Conversion of share capital in EUR

Event filed date

17/09/2009

 

AMB publication serial number

20020809-313

Contents

Transfer of registered office HOVENIERSSTRAAT 53 - 2018 ANTWERPEN

Event filed date

01/08/2002

 

AMB publication serial number

-0

Contents

Formerly established at HOVENIERSSTR 2/8 - 2018 ANTWERPEN

Event filed date

30/10/1990

 

AMB publication serial number

19901030-523

Contents

Transfer of registered office HOVENIERSSTRAAT 30 B115 - 2018 ANTWERPEN

Event filed date

30/10/1990

 

 

Joint Industrial Committee (JIC)

 

JIC Code

218

Description

Additional national joint committee for the employees

category

 

 

JIC Code

324

Description

Joint committee for the industry and the trade in diamant

category

 

 

 

 

Industry comparison

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

 

 

Companies that match this address

 

Business number

Company name

404925906

ADLER-FALLIK SCHREIBER-TRAU

404947680

DIAMEX MANUFACTURING NV

404947680

DIAMEX MANUFACTURING NV

404947977

DIAMOND CUTTERS ANTWERP NV

404952234

ESPEKA

404954313

SOCIÉTÉ DIAMANTAIRE FINKELSTEIN CH. & CO NV

404955796

M. FRISCH EN CIE BVBA

406178590

B.I.B. DIAMONDS BVBA

406291626

AMDIACOR BELGIUM

412507940

UNIGEMS BVBA

412623350

J WORMS EN ZOON BVBA

412711145

H BIRNBAUM

413178230

ROSY BLUE NV

414804068

HYGIENIC ELECTRIC SEAT COMPANY EN LIQUIDATION BVBA

414821290

FACETED GEARTS INC IN VEREFFENING BVBA

414852667

NIPUR BVBA

414852667

NIPUR BVBA

417082875

YONIGEM

417174729

DIAMOND PREPARERS MANUFACTURERS IN VEREFFENING BVB

417528580

ORIËNT GEM BVBA

417528580

ORIËNT GEM BVBA

419122251

BONJA IN VEREFFENING NV

419620317

COMABEL

419746021

SISO BVBA

419746021

SISO BVBA

419896568

ANTWERP DIAMOND EXPORT IN VEREFFENING BVBA

420170643

R O W DIAMOND MANUFACTURING CY IN VEREFFENING

420397505

MOHANKOR

420492228

GEM TRADING COMPANY BVBA

420958917

GEM TRADING JEWELLERY CORPORATIO IN VEREFFENING BV

421643063

DIAMAKOR BVBA

421691761

DIASTAR NV

421691761

DIASTAR NV

421691761

DIASTAR NV

421997807

DAWNYDIAM

422846952

A. FEJBUSCH DIAMONDS BVBA

423032638

COMPAGNIE DIAMANTAIRE ANVERSOISE PVBA IN VEREFFENI

423119938

STELMAN INTERNATIONAL DIAMOND DEALERS NV

423128153

CITY DIAMONDS IN VEREFFENING

423275831

PHIDIOR BVBA

423306119

N. SHAH & CO BVBA

424507434

EUROSTAR DIAMOND MANUFACTURING BVBA

425534347

EUROSTAR DIAMOND POLISHERS BVBA

426722695

EUROSTAR BEVEL BVBA

426722695

EUROSTAR BEVEL BVBA

429380002

COSMOPOLITAN DIAMONDS

429616463

FILDIAM BVBA

430000010

ALMAZI INTERNATIONAL BVBA

430693955

DIALAP ANTWERP BVBA

431637033

RIO TINTO DIAMONDS NV

435329169

DACAS B.V. BVBA

435467147

INTERNATIONAL DIAMOND DEALERS NV

435824166

R B DIAMANTSLIJPERIJ BVBA

436120512

MICKEY WEINSTOCK & CO NV

436120512

MICKEY WEINSTOCK & CO NV

436559782

DOCTOR DIAMOND NV

436561564

PROFIL BVBA

437796236

VAN WAUWE DIAMONDS NV

437796236

VAN WAUWE DIAMONDS NV

439347444

MID BELGIUM BVBA

439347444

MID BELGIUM BVBA

439767910

ESPEKA JEWELS, IN VEREFFENING BVBA

440255680

WESTEL INTERNATIONAL NV

440709701

SANKET DIAMONDS BVBA

440710095

DIAMSTONES BVBA

441568051

DIAMOND CITY DEVELOPMENT COMPANY NV

442106796

COAST TO COAST TRADING NV NV

442820440

PINK STAR BVBA

443117279

EUROSTAR DIAMOND TRADERS NV

444382041

GEMASIA BVBA

447811485

SPORTS OF CLUB OF INDIA NV

448349341

TRAU BROS NV

448511865

PEGASUS DIAMONDS NV

448511865

PEGASUS DIAMONDS NV

448601046

SMOLENSK DIAMONDS NV

449043286

KEDIAM BVBA

449290637

RUSSDIAM NV

450211543

UNIVERSAL TRADERS NV

450425933

CH. FINKELSTEIN EN CO INDUSTRIAL DIVISION BVBA

451015158

EXCELLENT SLIJPERIJ IN VEREFFENING NV

451653279

ULTIMATE DIAMONDS BVBA

452005152

EURO JEWELLERY BVBA

452466891

ROSY BLUE SERVICES NV

452540929

STELDIAM NV

452844993

UBM DIAMONDS NV

455286623

MYRANI DIAMOND COMPANY IN VEREFFENING BVBA

455949785

PAME NV

456444980

THE DIAMOND CITY BVBA

457542664

KUMAR DIAM IN VEREFFENING NV

460132960

DRAGON DIAMOND TRADING IN VEREFFENING NV

460618950

PRIMESTAR NV

461038525

M 2 F JEWELRY COMPANY BVBA

461765926

SAGAR DIAM IN VEREFFENING EBVBA

463612686

D & L DIAMONDS BVBA

463862215

UNIVERSAL CORPORATION BVBA

465395310

MEGHDIAM BVBA

467087266

SAM DIAMONDS NV

467087266

SAM DIAMONDS NV

467165064

CENTURY DIAMONDS BVBA

467166351

REX DIAMONDS NV

471702684

DIAMONDFLOOR.COM NV

472005661

THE LOVE DIAMOND COMPANY NV

472129187

N & S DIAMONDS BVBA

472129187

N & S DIAMONDS BVBA

472227375

EUROSTAR INVESTMENTS NV

473008523

SHAILLEY GEMS BVBA

473201632

MAUBOUSSIN DIAMONDS IN VEREFFENING NV

474070474

NATURAL DIAMOND CORPORATION NV

474131743

PASSION JEWELS BVBA

474451249

FACET DIAMONDS BVBA

475260309

IMMO GEM INVEST NV

475376709

DIAMOND INTERNATIONAL EBVBA

475395713

KIMI INTERNATIONAL BVBA

476110939

ASSCHIMMO NV

477718466

A-STAR BELGIUM BVBA

478124678

DHRUV STAR BVBA

478160807

PUNTO BVBA

479419827

SELECT JEWELLERY BVBA

479736561

L.I.D.BELGIUM IN VEREFFENING BVBA

480298468

ALHAMBRA NV

480762385

STAR EXCEL BVBA

503389616

COHEN FREDERIK

506243790

ZAIDMAN JACQUES EN JOZEF

506351183

UNGER DAVID

506401564

NISSIM AMOS

506465704

VAN GHELDER ANDRÉ CONSTANCE L

506485894

GOOVAERTS EMIEL HUBERT

506502029

LIBERMENSZ SERGE ALAIN

506506482

SUSSWEIN LÉON

506507967

KOHLEN TESSA SAMUEL

506511333

VAN GHELDER ANDRÉ CONSTANCE

509682639

HANDELSMAN NEUMIE

511075182

ZELDENRUST MAX

512773276

POLAKIEWICZ CHAIM

512775454

BLITS RONALD SAMUEL LEOPOLD

817289534

YDI (BELGIUM) BVBA

817647147

FIRESTAR DIAMOND BVBA

818155705

GM DIAMONDS BVBA

819093239

BHAVYA BVBA

820308709

CORDMAX TRADING (ANTWERP) BVBA

824078247

TRILLION STAR BVBA

825630445

THE BEAN COMPANY BVBA

826601930

AGNOLEX BVBA

830908730

ARKOT DIAMONDS BVBA

831228137

PROJECT PELIKAANSTRAAT NV

861945958

TACHE ENTERPRISES CVA

862851523

GOLD STAR JEWELLERY BVBA

866044209

AGL PEARLS BVBA

866347679

STELMAN JEWELRY BVBA

874577041

INTERGOLD EUROPE NV

875128060

EUROSTAR BOTSWANA BVBA

884322769

OCARAT BVBA

887002246

ABB SUGAR FREE NV

887002741

BHANSALI EQUITIES BELGIUM IN VEREFFENING NV

896896444

J & R JEWELLERY BVBA

898193274

NEMIDEEP BVBA

899795457

PRIVATE DIAMOND CLUB BVBA

899795457

PRIVATE DIAMOND CLUB BVBA

 

NOTES & COMMENTS

 

Please complete


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.73.43

Euro

1

Rs.65.27

 

 

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%)

 

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.