MIRA INFORM REPORT
|
Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIAJEWEL NV |
|
|
|
|
Registered Office : |
9, Hoveniersstraat, Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.10.1978 |
|
|
|
|
Com. Reg. No.: |
418772556 |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
418772556 |
|
Name |
|
|
Address |
9, HOVENIERSSTRAAT, ANTWERPEN |
|
Post Code |
|
|
Telephone Number |
032313770 |
|
Fax Number |
032260602 |
|
Establishment Date |
19-10-1978 |
|
Company Status |
ACTIVE |
|
Company Type |
Limited company |
|
Number of Employees |
4 |
|
Activity Description |
Wholesale of diamonds and other precious stones |
|
Activity Code |
46761 |
|
Liable For Vat |
yes |
|
Currency |
Euro (€) |
|
Latest Branch Details |
|
|
Street |
-- |
|
House Number |
|
|
City |
-- |
|
Postal Code |
|
|
Trade Registered Number |
|
|
Trade Registered Entry Date |
-- |
|
Contractor Details |
|
|
Registration Number |
-- |
|
Contractor Description |
-- |
|
Striking Off Date |
-- |
|
Latest Event |
|
|
Serial Number |
4389 |
|
Event Description |
Change of articles of association |
|
Limit |
|
|
Credit Information |
|
|
Purchase Limit (€) |
21,500,000 |
|
Industry Comparison |
|
|
Industry Average Credit Limit (€) |
161,057 |
|
Payment Expectations |
|
|
Payment Expectations |
|
|
Payment Expectation Days |
25.04 |
|
Day Sales Outstanding |
87.39 |
|
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 |
|
Company Shareholder Holding |
|
|
Shareholder Detail |
|
|
Company Number |
18786425 |
|
Company Name |
GOLDIAM INTERNATIONAL LTD |
|
Address |
GEMS & JEWELLERY COMPLEX - SEEPZ AND, 400096 MUMBAI |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
10.82 |
|
Annual Accounts Date |
01-12-2009 |
|
Shareholder Detail |
|
|
Company Number |
0 |
|
Company Name |
|
|
Address |
, |
|
Postal Code |
0 |
|
Country |
|
|
Share Percentage |
|
|
Annual Accounts Date |
-- |
Company Accounts
|
Period |
|||
|
Accounts End Date |
31-12-2009 |
31-12-2008 |
30-12-2007 |
|
Currency |
EUR |
EUR |
EUR |
|
Weeks |
52 |
52 |
52 |
|
Profit & Loss |
|||
|
Turnover |
107,516,334 |
89,064,381 |
131,834,814 |
|
Total Operating Expenses |
106,388,267 |
87,548,400 |
129,127,210 |
|
Operating Result |
1,128,067 |
1,515,981 |
2,707,604 |
|
Total Financial Income |
720 |
370 |
95,015 |
|
Total Financial Expenses |
1,016,086 |
1,456,095 |
2,164,314 |
|
Results on Ordinary Operations Before Tax |
112,701 |
60,256 |
638,305 |
|
Taxation |
45,640 |
25,049 |
416,412 |
|
Results on Ordinary Operations After Tax |
67,061 |
35,207 |
221,893 |
|
Extraordinary Items |
0 |
0 |
-346,153 |
|
Net Result |
67,061 |
35,207 |
-124,260 |
|
Other Information |
|||
|
Dividends |
- |
- |
192,000 |
|
Director Remuneration |
- |
- |
- |
|
Employee Costs |
136,715 |
120,287 |
176,480 |
|
- Wages & Salaries |
96,882 |
88,886 |
131,389 |
|
- Employee Pension Costs |
- |
- |
- |
|
- Social Security Contributions |
18,785 |
18,227 |
17,436 |
|
- Other Employee Costs |
21,048 |
13,174 |
27,655 |
|
Amortization & Depreciation |
52,180 |
50,782 |
59,570 |
|
Balance Sheet |
|||
|
Intangible Fixed Assets |
0 |
0 |
0 |
|
Tangible Fixed Assets |
644,533 |
688,146 |
690,951 |
|
- Land And Buildings |
535,732 |
549,487 |
563,242 |
|
- Plant And Machinery |
97,976 |
122,617 |
107,887 |
|
- Other Tangible Assets |
10,825 |
16,042 |
19,822 |
|
Financial Fixed Assets |
134,885 |
134,885 |
135,159 |
|
Total Fixed Assets |
779,418 |
823,031 |
826,110 |
|
Inventories |
10,403,242 |
14,680,953 |
10,938,147 |
|
- Raw Materials & Consumables |
0 |
0 |
0 |
|
- Work in Progress |
0 |
0 |
0 |
|
- Finished Goods |
0 |
0 |
0 |
|
- Other Stocks |
10,403,242 |
14,680,953 |
10,938,147 |
|
Trade Debtors |
25,741,475 |
31,606,301 |
28,458,405 |
|
Cash |
8,484 |
225,042 |
11,061 |
|
- Miscellaneous Current Assets |
263,313 |
271,333 |
253,974 |
|
Total Current Assets |
36,758,659 |
47,144,580 |
40,016,082 |
|
Current Liabilities |
|||
|
- Trade Creditors |
7,297,450 |
13,762,470 |
10,879,918 |
|
- Short Term Group Loans |
0 |
0 |
0 |
|
- Other Short Term Loans |
19,782,279 |
21,177,557 |
16,758,279 |
|
- Miscellaneous Current Liabilities |
382,434 |
612,799 |
116,646 |
|
Total Current Liabilities |
27,462,163 |
35,552,826 |
27,754,843 |
|
Long Term Debts |
|||
|
- Long Term Group Loans |
0 |
0 |
0 |
|
- Other Long Term Loans |
1,388,310 |
3,750,808 |
4,465,306 |
|
- Other Long Term Liabilities |
887,885 |
931,319 |
924,593 |
|
Total Long Term Debts |
2,276,195 |
4,682,127 |
5,389,899 |
|
Shareholders Equity |
|||
|
- Issued Share Capital |
7,544,349 |
7,544,349 |
7,544,349 |
|
- Share Premium Account |
0 |
0 |
0 |
|
- Reserves |
255,370 |
188,309 |
153,102 |
|
- Revaluation Reserve |
0 |
0 |
0 |
|
Total Shareholders Equity |
7,799,719 |
7,732,658 |
7,697,451 |
|
|
|||
|
Working Capital |
9,296,496 |
11,591,754 |
12,261,239 |
|
Net Worth |
7,799,719 |
7,732,658 |
7,697,451 |
|
Ratio Analysis |
|||
|
Trading Performance |
|||
|
Results on Ordinary Operations Before Taxation Margin |
0.10 |
0.07 |
0.48 |
|
Return On Capital Employed |
1.12 |
0.49 |
4.88 |
|
Return On Total Assets Employed |
0.30 |
0.13 |
1.56 |
|
Return On Net Assets Employed |
1.21 |
0.52 |
5.21 |
|
Sales / Net Working Capital |
11.57 |
7.68 |
10.75 |
|
Operating Efficiency |
|||
|
Stock Turnover Ratio |
9.68 |
16.48 |
8.30 |
|
Debtor Days |
87.39 |
129.53 |
78.79 |
|
Creditor Days |
25.04 |
57.38 |
30.75 |
|
Short Term Stability |
|||
|
Current Ratio |
1.34 |
1.33 |
1.44 |
|
Liquidity Ratio / Acid Ratio |
0.96 |
0.91 |
1.05 |
|
Current Debt Ratio |
3.52 |
4.60 |
3.61 |
|
Long Term Stability |
|||
|
Gearing |
271.43 |
322.38 |
275.72 |
|
Equity In Percentage |
0.21 |
0.16 |
0.19 |
|
Total Debt Ratio |
2.71 |
3.22 |
2.76 |
Company Court Data
|
Protested Bills |
|
|
Drawee Name |
-- |
|
Drawee Address |
-- |
|
Bill Amount |
|
|
Bill Currency |
-- |
|
Maturity of Bill (month) |
|
|
Name of Drawer |
-- |
|
City of Drawer |
-- |
|
NSSO Details |
|
|
Name of Defendant |
-- |
|
Legal Form of Defendant |
-- |
|
Date of Summons |
|
|
Labour Court |
-- |
|
Directors |
|
|
Company Director |
|
|
Full Name |
DILIP RAMNIKLAL THAKKER |
|
Birth Date |
1951-06-27 |
|
Position Description |
Managing director |
|
Address |
68 FRILINGLEI BRASSCHAAT |
|
Country |
-- |
|
Postal Code |
2930 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
AKSHAYKUMAR TRIKAMLA MEHTA |
|
Birth Date |
|
|
Position Description |
Managing director |
|
Address |
147 BELGIELEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
SHEKHAR NARESH SEDANI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
122 BELGIELEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
SANAT ARVINDBHAI JHAVERI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
2 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2014-01-01 |
|
Company Director |
|
|
Full Name |
SHALIN SANAT JHAVERI |
|
Birth Date |
|
|
Position Description |
Director |
|
Address |
2 VAN EYCKLEI ANTWERPEN |
|
Country |
-- |
|
Postal Code |
2018 |
|
Birth Date |
2014-01-01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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.