MIRA INFORM REPORT
|
Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
TWINKLEDIAM NV |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
25.11.1986 |
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|
|
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Com. Reg. No.: |
429873712 |
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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 : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 |
Company Summary
|
company details |
|
|
Company Number |
429873712 |
|
Name |
|
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032329071 |
|
Fax Number |
032329071 |
|
Establishment Date |
25-11-1986 |
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Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
3 |
|
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 |
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Trade Registered Number |
254275 |
|
Trade Registered Entry Date |
01-01-1987 |
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Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
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Latest Event |
|
|
Serial Number |
130632 |
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Event Description |
Reappointment commissioner |
|
Limit |
|
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Credit Information |
|
|
Purchase Limit (€) |
12,600,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
160,998 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
68.20 |
|
Day Sales Outstanding |
162.53 |
|
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
Expectations - Lower |
41.25 |
|
Payment
Expectations - Median |
90.32 |
|
Payment
Expectations - Upper |
162.53 |
|
|
|
|
Day Sales Outstanding - Lower |
31.52 |
|
Day Sales Outstanding - Median |
75.21 |
|
Day Sales Outstanding - Upper |
158.58 |
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Company Shareholder Holding |
|
|
Shareholder Detail |
|
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Company Number |
17953314 |
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Company Name |
M SURESH COMPANY PRIVATE LIMITED |
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Address |
REGAL DIAMOND CTR, OPERA HOUSE 301, 400 004 MUMBAI |
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Postal Code |
0 |
|
Country |
|
|
Share Percentage |
7.50 |
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Annual Accounts Date |
01-12-2009 |
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Shareholder Detail |
|
|
Company Number |
0 |
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Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
50,254,725 |
55,397,987 |
79,891,336 |
|
Total Operating Expenses |
49,723,554 |
53,954,571 |
78,630,768 |
|
Operating Result |
531,171 |
1,443,416 |
1,260,568 |
|
Total Financial Income |
51,209 |
88,146 |
2,320 |
|
Total Financial Expenses |
452,140 |
1,508,704 |
1,079,456 |
|
Results on Ordinary Operations Before Tax |
130,240 |
22,859 |
183,431 |
|
Taxation |
48,314 |
18,322 |
64,838 |
|
Results on Ordinary Operations After Tax |
81,926 |
4,537 |
118,593 |
|
Extraordinary Items |
0 |
0 |
0 |
|
Net Result |
81,926 |
4,537 |
118,593 |
|
Other Information |
|||
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Dividends |
- |
- |
- |
|
Director Remuneration |
24,229 |
23,820 |
51,720 |
|
Employee Costs |
110,525 |
106,585 |
35,917 |
|
- Wages & Salaries |
91,150 |
87,795 |
31,253 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
18,562 |
18,183 |
4,555 |
|
- Other Employee Costs |
813 |
607 |
109 |
|
Amortization & Depreciation |
21,953 |
23,239 |
23,400 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
639,684 |
683,364 |
706,603 |
|
- Land And Buildings |
634,947 |
676,779 |
696,345 |
|
- Plant And Machinery |
2,121 |
2,131 |
4,026 |
|
- Other Tangible Assets |
2,616 |
4,454 |
6,232 |
|
Financial Fixed Assets |
6,188,202 |
6,405,037 |
6,405,037 |
|
Total Fixed Assets |
6,827,886 |
7,088,401 |
7,111,640 |
|
Inventories |
5,178,458 |
5,783,603 |
12,024,298 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
5,178,458 |
5,783,603 |
12,024,298 |
|
Trade Debtors |
22,377,590 |
19,656,187 |
19,403,500 |
|
Cash |
908,635 |
1,575,434 |
13,196 |
|
- Miscellaneous Current Assets |
4,132 |
3,294 |
74,581 |
|
Total Current Assets |
28,508,346 |
27,054,987 |
31,521,709 |
|
Current Liabilities |
|||
|
- Trade Creditors |
9,290,720 |
10,161,243 |
19,004,051 |
|
- Short Term Group Loans |
2,091,280 |
1,561,632 |
2,871,810 |
|
- Other Short Term Loans |
10,793,013 |
8,245,042 |
3,943,133 |
|
- Miscellaneous Current Liabilities |
-2,077,748 |
-1,574,987 |
-2,901,102 |
|
Total Current Liabilities |
20,097,265 |
18,392,930 |
22,917,892 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
126,356 |
200,573 |
270,412 |
|
- Other Long Term Liabilities |
2,189,654 |
2,258,527 |
2,158,224 |
|
Total Long Term Debts |
2,316,010 |
2,459,100 |
2,428,636 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
12,343,826 |
62,000 |
62,000 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
579,130 |
13,229,359 |
13,224,822 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
12,922,956 |
13,291,359 |
13,286,822 |
|
|
|||
|
Working Capital |
8,411,081 |
8,662,057 |
8,603,817 |
|
Net Worth |
12,922,956 |
13,291,359 |
13,286,822 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.26 |
0.04 |
0.23 |
|
Return On Capital Employed |
0.85 |
0.15 |
1.17 |
|
Return On Total Assets Employed |
0.37 |
0.07 |
0.47 |
|
Return On Net Assets Employed |
1.55 |
0.26 |
2.13 |
|
Sales / Net Working Capital |
5.97 |
6.40 |
9.29 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
10.30 |
10.44 |
15.05 |
|
Debtor Days |
162.53 |
129.51 |
88.65 |
|
Creditor Days |
68.20 |
68.74 |
88.22 |
|
Short Term Stability |
|||
|
Current Ratio |
1.42 |
1.47 |
1.38 |
|
Liquidity Ratio / Acid Ratio |
1.16 |
1.16 |
0.85 |
|
Current Debt Ratio |
1.56 |
1.38 |
1.72 |
|
Long Term Stability |
|||
|
Gearing |
100.68 |
75.29 |
53.33 |
|
Equity In Percentage |
0.37 |
0.39 |
0.34 |
|
Total Debt Ratio |
1.01 |
0.75 |
0.53 |
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 Drawer |
-- |
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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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Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
HIREN SURESHCHANDRA PARIKH |
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Birth Date |
|
|
Position Description |
Managing director |
|
Address |
21 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
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Postal Code |
2018 |
|
Birth Date |
2013-01-01 |
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Company Director |
|
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Full Name |
RASHMI PETHANI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
17 QUINTEN MATSIJSLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2013-01-01 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.