MIRA INFORM
REPORT
|
Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RUSHIDIAM BVBA |
|
|
|
|
Registered Office : |
30, Hoveniersstraat, Antwerpen 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
07.07.1986 |
|
|
|
|
Com. Reg. No.: |
429234205 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler 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 : |
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 |
429234205 |
|
Name |
RUSHIDIAM BVBA |
|
Address |
30, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
2018 |
|
Telephone Number |
032322820 |
|
Fax Number |
032332245 |
|
Establishment Date |
07-07-1986 |
|
Company Status |
ACTIVE |
|
Company Type |
Private limited liability company |
|
Number of Employees |
1 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
HOVENIERSTRAAT |
|
House Number |
9 |
|
City |
ANTWERPEN |
|
Postal Code |
2018 |
|
Trade Registered Number |
252384 |
|
Trade Registered
Entry Date |
01-09-1986 |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
182424 |
|
Event Description |
Appointment |
|
Industry Comparison |
|
|
Industry Average
Credit Limit (€) |
125,316 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
134.98 |
|
Day Sales Outstanding |
163.40 |
|
Industry Comparison |
|
|
Activity Code |
4676 |
|
Activity Description |
Wholesale of other intermediate products |
|
Industry Average
Day Sales Outstanding |
123.77 |
|
Industry Average
Payment Expectation Days |
134.05 |
|
Industry Quartile Analysis |
|
|
Payment
Expectations - Lower |
40.44 |
|
Payment
Expectations - Median |
88.67 |
|
Payment
Expectations - Upper |
161.36 |
|
|
|
|
Day Sales
Outstanding - Lower |
31.05 |
|
Day Sales
Outstanding - Median |
73.85 |
|
Day Sales
Outstanding - Upper |
156.45 |
|
Company
Shareholder Holding |
|
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 |
28,073,827 |
33,795,858 |
28,643,081 |
|
Total Operating Expenses |
27,918,915 |
33,528,446 |
28,397,030 |
|
Operating Result |
154,912 |
267,412 |
246,051 |
|
Total Financial Income |
7,284 |
183 |
230 |
|
Total Financial Expenses |
106,397 |
197,307 |
201,761 |
|
Results on Ordinary Operations Before Tax |
55,798 |
70,288 |
44,519 |
|
Taxation |
19,220 |
22,034 |
20,750 |
|
Results on Ordinary Operations After Tax |
36,578 |
48,254 |
23,769 |
|
Extraordinary Items |
0 |
1,671 |
13,107 |
|
Net Result |
36,578 |
49,924 |
36,876 |
|
Other Information |
|||
|
Dividends |
- |
- |
- |
|
Director Remuneration |
72,476 |
72,476 |
72,476 |
|
Employee Costs |
9,718 |
20,320 |
12,268 |
|
- Wages & Salaries |
5,835 |
15,482 |
7,702 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
2,518 |
2,941 |
2,764 |
|
- Other Employee Costs |
1,365 |
1,897 |
1,802 |
|
Amortization & Depreciation |
17,067 |
17,933 |
18,290 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
86,313 |
102,989 |
119,539 |
|
- Land And Buildings |
62,278 |
66,010 |
69,742 |
|
- Plant And Machinery |
5,666 |
7,997 |
10,200 |
|
- Other Tangible Assets |
18,369 |
28,982 |
39,597 |
|
Financial Fixed Assets |
1,376 |
1,376 |
1,376 |
|
Total Fixed Assets |
87,689 |
104,365 |
120,915 |
|
Inventories |
2,573,716 |
3,208,212 |
1,956,341 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
2,573,716 |
3,208,212 |
1,956,341 |
|
Trade Debtors |
12,568,121 |
14,707,945 |
13,182,846 |
|
Cash |
50,208 |
780,972 |
159,172 |
|
- Miscellaneous Current Assets |
6,664 |
7,340 |
6,154 |
|
Total Current Assets |
15,638,214 |
19,073,918 |
15,582,478 |
|
Current Liabilities |
|||
|
- Trade Creditors |
10,324,353 |
14,644,984 |
11,135,718 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
36,609 |
1,962,312 |
2,039,608 |
|
- Miscellaneous Current Liabilities |
24,838 |
6,102 |
25,800 |
|
Total Current Liabilities |
10,385,800 |
16,613,398 |
13,201,126 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
2,776,621 |
5,238 |
15,715 |
|
- Other Long Term Liabilities |
833,298 |
866,042 |
842,870 |
|
Total Long Term Debts |
3,609,919 |
871,280 |
858,585 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
6,197 |
6,197 |
6,197 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
1,723,987 |
1,687,408 |
1,637,484 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
1,730,184 |
1,693,605 |
1,643,681 |
|
|
|||
|
Working Capital |
5,252,414 |
2,460,520 |
2,381,352 |
|
Net Worth |
1,730,184 |
1,693,605 |
1,643,681 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.20 |
0.21 |
0.16 |
|
Return On Capital Employed |
1.04 |
2.74 |
1.78 |
|
Return On Total Assets Employed |
0.35 |
0.37 |
0.28 |
|
Return On Net Assets Employed |
1.06 |
2.86 |
1.87 |
|
Sales / Net Working Capital |
5.34 |
13.74 |
12.03 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
9.17 |
9.49 |
6.83 |
|
Debtor Days |
163.40 |
158.85 |
167.99 |
|
Creditor Days |
134.98 |
159.43 |
143.13 |
|
Short Term Stability |
|||
|
Current Ratio |
1.51 |
1.15 |
1.18 |
|
Liquidity Ratio / Acid Ratio |
1.26 |
0.95 |
1.03 |
|
Current Debt Ratio |
6 |
9.81 |
8.03 |
|
Long Term Stability |
|||
|
Gearing |
162.60 |
116.18 |
125.04 |
|
Equity In Percentage |
0.11 |
0.09 |
0.10 |
|
Total Debt Ratio |
1.63 |
1.16 |
1.25 |
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 |
RUSHIDIAM |
|
Legal Form of Defendant |
Private limited liability company |
|
Date of Summons |
2008-09-08 |
|
|
ANTWERPEN |
|
Directors |
|
|
Company Director |
|
|
Full Name |
BANKIM CHIMANLAL SHAH |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
102 BELGIELEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
|
|
Company Director |
|
|
Full Name |
SHAISHAV SHAH |
|
Birth Date |
|
|
Position Description |
Manager |
|
Address |
3 MEZENLAAN ANTWERPEN(WILRIJK) |
|
Country |
-- |
|
Postal Code |
2610 |
|
Birth Date |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.79 |
|
|
1 |
Rs.73.19 |
|
Euro |
1 |
Rs.63.59 |
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.