MIRA INFORM REPORT

 

 

Report Date :

02.04.2012

 

IDENTIFICATION DETAILS

 

Name :

DERS BVBA

 

 

Registered Office :

HOVENIERSSTRAAT 2  ANTWERPEN, 2018

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.09.2003

 

 

Legal Form :

Private Limited Company (BL/LX

 

 

Line of Business :

Wholesale of diamonds and other precious stones

 

 

No. of Employees :

Not Available

 

 

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 :

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Belgium

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Business number         860531144       

Company name           DERS BVBA

Telephone number      032340781

Fax number                 032317355

Address                        HOVENIERSSTRAAT 2  ANTWERPEN

Post code                     2018    

Number of staff            -

 

 

Ultimate holding company

 

Safe number

Company name

 

Company Number

-

-

 

-

 

 

Accounts & ratios

 

DATE OF LATEST ACCOUNTS

TURNOVER

PROFIT BEFORE TAX

NET WORTH

31/12/2010

 

37,274

436,896

31/12/2009

 

26,687

427,641

31/12/2008

 

17,918

409,764

 

DATE OF LATEST ACCOUNTS

BALANCE TOTAL

INVESTMENTS

CAPITAL

CASH FLOW

NUMBER OF EMPLOYEES

31/12/2010

3,803,184

 

18,600

12,289

0

31/12/2009

2,988,395

 

18,600

30,229

0

31/12/2008

2,820,405

 

18,600

6,258

0

 

 

Payment expectation

 

Past payments

 

Payment expectation days

-

Industry average payment expectation days

190.60

Industry average day sales outstanding

144.65

Day sales outstanding

-

 

 

BANKRUPTCY DETAILS

 

Court action type

no

PROTESTED BILLS

 

Bill amount

-

NSSO DETAILS

 

Date of summons

-

 

Business number                     860531144

Fax number                             032317355

Company status                       active

Currency                                  Euro (€)

Activity code                            46761

Activity description                  Wholesale of diamonds and other precious stones

Belgian Bullettin of Acts          moniteur belge

Publications 

 

Company name                       DERS BVBA

Date founded                           17/09/2003

Company type                                     Private Limited Company (BL/LX)

Date of latest accounts            31/12/2010

liable for VAT                          yes

VAT Number                            BE.0860.531.144

 

Contractor details

Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

Personnel limit NSSO

 

Code

-

Description

-

 

 

Profit & loss

 

Annual accounts

31-12-2010

 

31-12-2009

%

31-12-2008

Industry average 2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Turnover

-

-

-

-

-

46,865,643

-

Total operating expenses

-

-

-

-

-

46,259,325

-

Operating result

85,599

127

37,709

54.87

24,349

211,095

-59.45

Total financial income

482,489

3134981

15

413

3

157,120

207

Total financial expenses

530,814

4709

11,037

71.52

6,435

310,463

70.98

Results on ordinary operations before taxation

37,274

39.67

26,687

48.94

17,918

41,415

-10.00

Taxation

8,018

-8.99

8,810

92.99

4,565

15,235

-47.37

Results on ordinary operations after taxation

29,255

63.65

17,877

33.88

13,353

31,072

-5.85

Extraordinary items

0

-

0

-

0

2,690

-100

Other appropriations

0.00

-

0.00

-

0

-

-

Net result

29,255

63.65

17,877

33.88

13,353

33,759

-13.34

OTHER INFORMATION

 

Dividends

-

-

-

-

-

326,298

-

Director remuneration

-

-

-

-

-

113,424

-

Employee costs

-

-

-

-

-

144,629

-

Wages and salary

-

-

-

-

-

127,195

-

Employee pension costs

-

-

-

-

-

7,164

-

Social security contributions

-

-

-

-

-

30,922

-

Other employee costs

0

-

0

-

0

3,159

-100

 

 

Balance sheet

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average 2010

%

Weeks

52

 

52

 

52

 

 

Currency

EUR

 

EUR

 

EUR

 

 

Intangible fixed assets

0

-

0

-

0

1,696

-100

Tangible fixed assets

2,142

2.24

2,095

224

645

194,211

-98.90

Land & building

-

-

-

-

-

359,728

-

Plant & machinery

127

-40.51

214

-28.84

301

27,327

-99

Other tangible assets

2,014

7.11

1,881

446

344

27,462

-92.67

Financial fixed assets

-

-

-

-

-

314,138

-

Total fixed assets

2,142

2.24

2,095

224

645

408,566

-99

Inventories

3,212,896

96.60

1,634,233

-11.11

1,838,473

3,154,232

1.86

Raw materials & consumables

-

-

-

-

-

2,393,499

-

Work in progress

0

-

0

-

0

2,069

-100

Finished goods

0

-

0

-

0

2,090,346

-100

Other stocks

3,212,896

96.60

1,634,233

-11.11

1,838,473

520,650

517

Trade debtors

570,463

-56.58

1,313,793

35.04

972,918

3,864,044

-85.24

Cash

12,289

-59.35

30,229

383

6,258

265,822

-95.38

other amounts receivable

792

-73.92

3,038

44.44

2,103

370,137

-99

Miscellaneous current assets

4,603

-8.07

5,007

62490

8

42,849

-89.26

Total current assets

3,801,043

27.28

2,986,300

5.91

2,819,760

7,173,182

-47.01

CURRENT LIABILITIES

 

Trade creditors

2,839,696

25.27

2,266,885

8.99

2,079,897

2,710,201

4.78

Short term group loans

-

-

-

-

-

-

-

Other short term loans

1,979

-66.45

5,897

131

2,550

1,931,951

-99

Miscellaneous current liabilities

261,946

-9.04

287,972

-12.26

328,194

307

- -

Total current liabilities

3,103,620

21.20

2,560,754

6.23

2,410,641

4,449,894

-30.25

LONG TERM DEBTS

 

Long term group loans

-

-

-

-

-

-

- -

Other long term loans

262,668

-

-

-

-

-83.28

- -

Other long term liabilities

0

-

0

-

0

720,788

-100

Total long term debts

262,668

-

0

-

0

1,354,758

-80.61

SHAREHOLDERS EQUITY

 

Issued share capital

18,600

0

18,600

0

18,600

1,031,029

-98.20

Share premium account

-

-

-

-

-

183,372

-

Reserves

418,296

2.26

409,041

4.57

391,164

683,790

-38.83

Revaluation reserve

-

-

-

-

-

715,893

-

Total shareholders equity

436,896

2.16

427,641

4.36

409,764

1,732,655

-74.78

Working capital

697,423

63.89

425,546

4.02

409,119

2,723,288

-74.39

Net worth

436,896

2.16

427,641

4.36

409,764

1,730,958

-74.76

 

 

Ratio Analysis

 

Annual accounts

31-12-2010

change(%)

31-12-2009

change(%)

31-12-2008

Industry average

2010

%

TRADING PERFORMANCE

 

Profit Before Tax

-

-

-

-

-

-2,00

-

Return on capital employed

5.33

-14.58

6.24

42.79

4.37

18,00

-70.39

Return on total assets employed

0.98

10.11

0.89

39.06

0.64

-78,00

1.26

Return on net assets employed

8.53

36.70

6.24

42.79

4.37

19,00

-55.11

Sales / net working capital

-

-

-

-

-

36,00

-

Stock turnover ratio

-

-

-

-

-

67,00

-

Debtor days

-

-

-

-

-

167,00

-

Creditor days

-

-

-

-

-

171,00

-

 

SHORT TERM STABILITY

 

Current ratio

1.22

4.27

1.17

0

1.17

8,00

-84.75

Liquidity ratio / acid ratio

0.19

-64.15

0.53

29.27

0.41

5,00

-96.20

Current debt ratio

7.10

18.53

5.99

1.87

5.88

8,00

-11.25

Liquidity ratio reprocessed

-

-

-

-

-

-

-

LONG TERM STABILITY

 

Gearing

60.57

4289

1.38

122

0.62

121,00

-49.94

Equity in percentage

11.49

-19.71

14.31

-1.51

14.53

-1.502,00

0.76

Total debt ratio

7.71

28.71

5.99

1.87

5.88

9,00

-14.33

 

 

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

industry average credit rating

64.48

Industry average credit limit

140177.31

Suspension of payments / moratorium history

 

Amount

-

Details

-

Payment expectations

 

Payment expectation days

-

Day sales outstanding

-

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

Industry average payment expectation days

190.60

Industry average day sales outstanding

144.65

Industry quartile analysis

 

Payment expectations

View graph

Company result

-

Lower

135.11

 

 

Company result

-

Lower

118.09

Median

62.44

Upper

27.38

 

Summary

Group - Number of Companies

0

Linkages - Number of Companies

0

Number of Countries

0

 

 

Group Structure

No group structure for this company.

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

 

 

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Business number

Company name

Date of accounts

404697559

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404927587

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404928280

ANTWERP DIAMOND SALES NV

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C A D DINV

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406374966

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413660458

BORNSTEIN NV

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EXCLUSIVE DIAMOND CORPORATION BVBA

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413902364

EXCLUSIVE DIAMOND CORPORATION BVBA

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414145260

GALAXY DIAMOND BVBA

-

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GEMSTAAR BVBA

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GEMSTAAR BVBA

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414746561

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414853063

PARAMOUNT DIAMOND PVBA IN VEREFFENING

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415179103

CRISDIAM BVBA

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415740515

BLUE DIAMOND IN VEREFFENING PVBA

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416298264

SANA DIAM NV

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ARODIAM BVBA

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416896595

UNITED GEMCUTTERS BVBA

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416896595

UNITED GEMCUTTERS BVBA

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416985281

ROSMIRA DIAMOND BVBA

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418030309

J EN J ZAIDMAN BVBA

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418147006

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418800864

IGC GROUP IN VEREFFENING NV

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419106415

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BORINDIAM PVBA IN VEREFFENING

-

419705538

GILTA DIAMONDS BVBA

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SIMDIAM PVBA IN VEREFFENING

-

420137979

ANMOLGEMS BVBA

31/12/2010

420171039

S WECHSLER EN SONS NV

31/12/2010

420171039

S WECHSLER EN SONS NV

31/12/2010

421011276

MMC BELGIUM NV

-

421044831

GEMTREAT BVBA

31/12/2010

421690771

BRILLIANT GEMS NV

31/12/2010

422609303

ASSORTED DIAMONDS BVBA

31/12/2010

422853880

POLIROUGH BVBA

31/12/2010

422857444

EUROTRADE BVBA

31/12/2010

423522982

SHAINYDIAM BVBA

31/12/2010

423716982

STUTI DIAMONDS

-

423731731

SAURAJ DIAMONDS NV

31/12/2010

423797948

GEMMATA NV

31/12/2010

423797948

GEMMATA NV

31/12/2010

423912170

INDIAM IN VEREFFENING BVBA

-

424004222

ALOK INTERNATIONAL NV

31/12/2010

424588695

PARAS GEMS NV

31/12/2010

424593447

INTERCONTINANTAL ROUGH DIAMONDS NV

31/12/2010

424593447

INTERCONTINANTAL ROUGH DIAMONDS NV

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424649865

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424802392

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424850496

INTERNATIONAL DIAMOND TRADERS CY BVBA

31/12/2010

424850496

INTERNATIONAL DIAMOND TRADERS CY BVBA

31/12/2010

425026581

ATISH DIAMOND BVBA

31/12/2010

425299072

SUGAM GEMS BVBA

31/12/2010

425301349

WASALDIAM IN VEREFFENING BVBA

-

425319561

JEWELLEXAN BVBA

31/12/2010

425324016

PATEL DIAMONDS

-

425369645

ZENITH DIAMONDS P.A.7E BTW-CON BVBA

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425436456

AFROSTARS DIAMOND IN VEREFFENING BVBA

31/12/2010

425436456

AFROSTARS DIAMOND IN VEREFFENING BVBA

31/12/2010

425436951

ANNA GEMS BVBA

31/12/2010

425442295

ASDIAM BVBA

31/12/2010

425503069

GEMIN BVBA

31/12/2009

425503069

GEMIN BVBA

31/12/2009

425528211

INTERNATIONAL HIGH TECHNOLOGY AND RESEARCH NV IN V

-

425661437

RON DIAMONDS INCORPORATED BVBA

-

425681431

CHARLES BRAFF DIAMONDS BVBA

-

425751509

DIAMOND ABRASIVES

-

425847717

TTS DIAMONDS NV

-

425866919

DIANCO BVBA

31/12/2010

425952437

JATIN DIAMOND BVBA

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SANSOBELLO BVBA

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426282237

FELSDIAM BVBA

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TRANSDIAM BVBA

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BOX-DIAMONDS BVBA

-

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SUSHANG EXPORTS NV

31/12/2010

427397836

SWADIP GEMS PVBA

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GEMBOIL NV

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427999929

ROSEDIAM BVBA

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GEFEN BVBA

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PATEL DIAMONDS BVBA

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428105045

SUR JEWEL NV

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-

428476615

DARBAR GOLD MINERALS IN VEREFFENING BVBA

-

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-

428689520

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428689520

G K M PROJECT COMPANY NV

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SUNRAJ GEMS BVBA

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-

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-

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-

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PANNADIAM BVBA

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PANNADIAM BVBA

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SOUTHDIAM BVBA

31/12/2010

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-

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-

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-

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31/12/2010

432746989

DIAMOND DEVELOPMENT CORPORATION BVBA

31/12/2010

433019183

GEMGOL BVBA

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GIMARDIAM IN VEREFFENING

-

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-

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VARUNDIAM BVBA

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434923056

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435792096

RICKY'S BVBA

31/12/2010

436360834

GMTR DIAMONDS CVA

31/12/2010

436583241

ZENHOKYO

-

436733986

KOMAL GEMS NV

31/12/2010

436769224

DANDIAM IN VEREFFENING

-

436987968

SARVIN

31/12/2010

437094965

PUNIKA BVBA

-

437094965

PUNIKA BVBA

-

437592833

ARIHANT GEMS IN VEREFFENING BVBA

-

437643214

EKTA DIAMONDS BVBA

31/12/2010

438206606

PIYASH JEWELS IN VEREFFENING BVBA

-

438216702

AME DIAMONDS IN VEREFFENING BVBA

03/12/2001

438327954

JAW NV

-

439071488

RICKY'S DIAMONDS BVBA

31/12/2010

439344078

LAWRENCE & MILTON IN VEREFFENING NV

-

440324768

ROYAL INTERNATIONAL BVBA

-

440324867

SAMIP DIAMONDS BVBA IN VEREFFENING

-

440331104

ANTWERP CARATRADE COMPANY IN VEREFFENING BVBA

-

440964770

EUREKA INTERNATIONAL NV

-

441222811

ARDYGEM BVBA

-

441428885

SPARKLE DIAM BVBA

31/12/2010

441514801

DHAVAL GEMS BVBA

31/12/2010

441680293

ARPIC GEMS BVBA

31/12/2010

441735327

SHALLOP DIAMONDS NV

31/12/2010

441793626

M K J DIAMONDS BVBA

-

442438279

YOUNES CHAOUKI DIAMONDS NV

31/12/2010

443029286

R B S DIAMOND NV

31/12/2010

443660578

DEVDIAM ENTERPRISE BVBA

-

443767872

GENESIS DIAMONDS BVBA

31/12/2010

444442320

JAPANESE DIAMOND SOCIETY INANTWERP IN VEREFFENING

-

444664628

J.D.O. IN VEREFFENING NV

31/12/1998

444950777

ROYALSTAR IN VEREFFENING BVBA

31/12/2001

445449239

CHIRAG DIAMONDS BVBA

31/12/2010

445501204

DINALIE BVBA

31/12/2010

445501204

DINALIE BVBA

31/12/2010

446356485

JEWELOK IN VEREFFENING BVBA

-

446607992

ASIAN-DIAMONDS BVBA

31/12/2010

446829114

SUN-DIAM BVBA

31/12/2010

447684197

UNITASK NV

31/12/2010

447832073

ISCA NV

31/12/2010

448215917

M. FRIEDMAN & ZONEN BVBA

31/12/2010

448544925

Y & Y DIAMONDS IN VEREFFENING BVBA

-

448718832

DIVERSIFIED DIAMOND CORPORATION NV

31/12/2001

448909268

RED RIVER DIAMONDS BELGIUM BVBA

-

449194429

BLUE SKY NV

31/12/2010

449357349

IMMOROSE NV

31/12/2010

449829085

FIRST FRANCHISE CORPORATION IN VEREFFENING NV

-

450237475

BEAUTIFUL GEMS BVBA

31/12/2010

450356647

KONDIAT (ANTWERP) IN VEREFFENING NV

-

450593803

SINGLE STAR BVBA

31/07/2011

450821455

ARTHUR TRAU DIAMONDS IN VEREFFENING BVBA

31/12/2001

451327241

WAFA DIAMONDS IN VEREFFENING BVBA

-

451739787

ZLAYET AND SONS DIAMONDS BVBA

31/12/2010

451739787

ZLAYET AND SONS DIAMONDS BVBA

31/12/2010

452535385

EUROPEAN COMMODITIES TRADING IN VEREFFENING NV

-

452535385

EUROPEAN COMMODITIES TRADING IN VEREFFENING NV

-

452878548

CAPE DIAMONDS IN VEREFFENING BVBA

31/12/2006

453082842

INTERCONTINENTAL GEMS MERCHANTS BVBA

-

453648214

POLICOM DIAMONDS IN VEREFFENING BVBA

-

453786388

M.S. RAHAMIN DIAMONDS BVBA

-

453943667

SALLY TRADING BVBA

31/12/2010

454109458

KEDEM DIAMONDS BVBA

31/12/2010

454711353

WEST COAST TRADING IN VEREFFENING BVBA

-

455128354

SUSSKIND DIAMONDS IN VEREFFENING NV

30/06/2004

455271775

FORESIGHT & CO BVBA

31/12/2010

455564161

SIEROUGH BVBA

31/12/2006

455947312

JUST DIAMONDS BVBA

31/12/2010

455947312

JUST DIAMONDS BVBA

31/12/2010

456247418

TEJ-DIAM BVBA

30/06/2011

456455769

SUNNEX BVBA

31/12/2010

456632052

JATY RON IN VEREFFENING BVBA

-

458088735

SHALU GAMBH IN VEREFFENING BVBA

-

458866517

FENIKS NV

31/12/2010

458979650

D.C.C. IN VEREFFENING BVBA

-

460287962

DIABEX NV

31/12/2010

460469193

THE LEVY'S GROUP BVBA

31/12/2010

460568965

THE DALI CORPORATION IN VEREFFENING BVBA

31/12/2006

461031003

L.D. GEMS BVBA

31/12/2010

461031102

ADL GROUP BVBA

31/12/2010

461159081

AALISHA GEMS BVBA

31/12/2010

461159180

CO.CO. DIAMONDS IN VEREFFENING

31/12/2002

462600126

DIANCO STAR BVBA

31/12/2010

462623880

A.K. DIAM BVBA

31/12/2010

463650694

PRISTINE DIAMONDS NV

31/12/2010

463903983

NATURAL INDUSTRIAL DIAMONDS NV

31/12/2010

463916059

DIACCENTS NV

31/12/2010

464008408

CASA GI INTERNATIONAL NV

31/07/2011

465396201

NETALDIAM BVBA

31/12/2010

465886941

MILLENIUM.P.A.N. NV

31/12/2010

466656310

LAGUNA GEMS IN VEREFFENING NV

31/10/2005

467147545

AH SHAI DIAMONDS BVBA

31/12/2010

467219702

BRILLIANT STAR BVBA

31/12/2010

471781274

SZWARCBURT DIAMOND TRADING COMPANY BVBA

31/12/2010

472420385

WAHL SALIK HOLDING NV

30/06/2011

472549455

K.G.K FINE JEWELLERY BVBA

31/12/2010

472707922

LA VITTORIA BVBA

31/12/2010

473016441

AYE DIAMOND BVBA

-

473409983

RISING STONE BVBA

31/12/2010

473705042

M.B.D BVBA

31/12/2010

474815691

RANDIAM BVBA

31/12/2010

475134704

ANTWERP DIAMONDS IN CENTIVES BVBA

-

475138860

STAR GEM WORLD DIAMONDS BVBA

31/12/2009

476576242

CLASSIC DIAM BVBA

31/12/2010

476640974

H.R.P. DIAM BVBA

31/12/2010

476782318

RGBS NV

31/12/2010

477791118

EUROTRENDS BVBA

31/12/2010

477862580

DIAMOND CREATIONS BVBA

31/12/2010

477918604

DHANERA DIAM BVBA

31/12/2003

479202962

JAY DIMON EBVBA

31/12/2010

479568691

B.G.A.DIAMONDS BVBA

31/12/2010

479816636

ETERNAL DIAMONDS BVBA

31/12/2010

480721904

YASH GEMS BVBA

31/12/2010

505181740

BERENFELD MICHEL

-

506205683

OLLECH MAX & ENGEL ABRAHAM FV

-

506342770

LEMBERGER HENRI & LEMBERGER A FV

-

506414036

WEINBERG YEHUDI

-

506434624

HOCHBERG CHAIM

-

506487181

FRIEDMAN MECHEL

-

506489854

SHIMER MOOLY

-

506499554

THALER JEHUDA

-

506503613

KARNY ELISHA

-

506523706

SHEMESH JACOB

-

506530634

ABEND JOEL

-

506531129

AMANA NISSIM

-

506538156

KEDEM YEHESKEL

-

506542710

ZLAYET ROUBEN

-

506574580

RAGHOEBARSINGH DIEPNARAINSINGH

-

509703128

SHALLOP EMMANUEL

-

806757314

DREAMS OF AFRICA BVBA

31/12/2010

806940129

MINDA BROTHERS BVBA

31/12/2010

809577440

INTERNATIONAL DIAMOND GROUP NV

31/12/2009

809582883

BELGIAN DIAMONDS BVBA

31/12/2010

811078465

VEEKAY JEWELS BVBA

31/12/2010

812358964

VISHAL BVBA

-

812715686

BICHACHI DIAMONDS BVBA

31/12/2010

819087301

QUALYTIME BVBA

31/12/2010

820556256

J.K STAR BVBA

31/12/2010

821133110

DIAMONDS TOP COLLECTION BVBA

-

821185964

VAN DER STEEN DIAMOND TECHNOLOGY BVBA

31/12/2010

823123390

KGK INTERNATIONAL BVBA

31/12/2010

825564129

NATRESCOM JEWELRY BVBA

-

827971511

THE SOURCE BVBA

-

828266469

KARAKO DIAMONDS BVBA

-

828631507

CARBON BVBA

-

830514988

JAY INTERNATIONAL BVBA

-

830951290

DIAMANTAIRE BVBA

-

832850116

A.D. DIAMOND BVBA

-

832929595

VHENY DIAMONDS BVBA

-

833032040

ROCK'N STONES BVBA

-

833904545

BRINK''S GLOBAL SERVICES ANTWERP BVBA

-

834925718

BAZZY DIAMONDS BVBA

-

837519180

GPN DIAMOND BVBA

-

840333665

ZURI STAR BVBA

-

841609810

A.K. GEMS BVBA

-

843197739

INVESTMENT DIAMOND COMPANY BVBA

-

851240722

MEDEEIGENDOM ANTWERPS DIAMANTCENTRUM FV HOVENIERST

-

860809573

ALPS DIAM BVBA

31/12/2010

862915067

LAXMI JEWEL (BELGIUM) BVBA

31/12/2010

867105863

YOUNG ANTWERP DIAMOND MANUFACTURERS VZW

-

869693684

SHANI IMPEX BVBA

31/12/2010

870716738

INTERJEWEL EUROPE NV

31/12/2010

870884212

MOOLY DIAMONDS IN VEREFFENING BVBA

31/12/2008

871664764

EURO INDUSTRIAL DIAMANT IN VEREFFENING BVBA

31/12/2007

871665259

A.S.D. BVBA

31/12/2010

871794923

CONGO GEMS BVBA SO

31/12/2010

872383554

TRISTAR BVBA

31/12/2010

872384247

RISING STAR BVBA

31/12/2010

872420968

A-DX.NET BVBA

31/12/2010

872774920

GABY DIAMOND BVBA

31/12/2010

873166581

ANTWERP JEWELS & DIAMONDS MANUFACTURES BVBA

31/12/2010

873539438

LUKHI DIAM BVBA

31/12/2010

873627431

DIAMWILL BVBA

31/12/2010

874133019

BRIGHT DIAM BVBA

31/12/2010

874438469

ORDIAM BVBA

31/12/2010

874627521

J.R. DIAM BVBA

31/12/2010

874701755

DUBROVSKI DIAMOND BVBA

31/12/2007

875319288

BSD BVBA

31/12/2010

875795182

ANTWERP ROUGH P/A 1STE BTW-CONTR GCV

-

876856937

CAPITAL DIAMONDS BVBA

31/12/2010

877549201

H&G SWITZERLAND BVBA

31/12/2010

877760918

CHORON (BELGIUM) CVA

31/12/2010

879633810

BOOBIJOU BVBA

31/12/2010

880292618

SKD INTERNATIONAL BVBA

30/06/2011

880539472

MRD DIAMONDS BVBA

31/12/2010

880558080

NOVEL COLLECTION BVBA

31/12/2010

881088216

CLASSIC JEWELLERY BVBA

31/12/2010

881373474

MATRIX DIAMOND TECHNOLOGY BVBA

31/12/2010

882874796

AFRODIAM BVBA

31/12/2010

883548353

LILIB BVBA

31/12/2010

883668911

HANS DIAM BVBA

31/12/2010

885665230

KT CONSULTING IN VEREFFENING BVBA

31/12/2009

886078073

ENOLEASE BVBA

31/12/2010

886658291

TYDEX IN VEREFFENING BVBA

31/12/2010

887137155

SUNVIEW NV

31/12/2010

889750613

GEM QUEST BVBA

31/12/2010

891406640

RAJ GEMS BVBA

31/12/2010

892903014

H.D. DIAM BVBA

31/12/2010

895348701

RAY DIAM BVBA

31/12/2010

896518243

LAXMI IMPEX BVBA

31/12/2010

899048854

FIFTH GENERATION BVBA

31/12/2010

 

Summary

Linkages - Number of Companies

0

Number of Countries

0

Protested bills

 

Drawee name

-

Address

-

Bill amount

-

Bill currency

-

Maturity of bill

-

Name of drawer

-

City of drawer

-

NSSO details

 

Business number

860531144

Name of defendant

-

Legal form of defendant

-

Date of summons

-

Labour court

-

Bankruptcy details

 

 

 

Current director details

 

Name

MOHIT SUSHIL NAHETA

Position

Principal Manager

Street

28 VAN EYCKLEI ANTWERPEN

Post code

2018

Country

Belgium

DIAMOND INDUSTRY – INDIA

 

-          From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

-          The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

-          The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

-          Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

-          Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

-          The diamond jewellery industry in India today may be more than Rs 60000 mil and is rated amongst the fastest growing  in the world. Indi ranks third in the world in domestic diamond consumption.

-          Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

-          Excerpts from Times of India dated 30th October 2010 is as under –

 

DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT

 

This could be the biggest credibility crisis the Indian diamond industry has ever faced. Fifteen banks run the risk of losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two months ago, they had not repaid  these dues. Bankers believe many diamantaires borrowed money during the economic downturn two years ago and diverted funds to businesses like real estate and capital markets. Many of themselves made money from these businesses but their diamond companies have gone sick and declared insolvency.

-          Most of the money borrowed from the banks in the name of their diamond business has been diverted in real estate and the share market. The banks are not in a position to seize their properties because in many cases, these were purchased in the name of their relatives and friends.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.79

Euro

1

Rs.68.34

 

 

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%)

 

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.