MIRA INFORM REPORT

 

 

Report Date :

02.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SAGE DIAMOND ENTERPRISES NV

 

 

Registered Office :

Pelikaanstraat 78 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.121.2010

 

 

Date of Incorporation :

23.01.1986

 

 

Legal Form :

Public Limited Liability Company (BE)

 

 

Line of Business :

Wholesale of diamonds and other precious stones

 

 

No. of Employees :

1

 

 

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

 

Maximum Credit Limit :

120.000 (€)

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 – 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

 

Business number

429565389

Company name

SAGE DIAMOND ENTERPRISES NV

 

 

Telephone number

032251080

Address

PELIKAANSTRAAT 78 ANTWERPEN

Fax number

032268009

Post code

2018

Number of staff

1

Date of establishment

23/10/1986

 

 

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Company status

active

Today's credit limit (€)

120.000

Today's purchase limit

970.000

 

 

Ultimate holding company

 

Safe number

Company name

 

Company Number

View linked companies from outside this company's group structure

-

-

 

-

No linked companies have been found.

 

 

Accounts & ratios

 

Date of latest accounts

Turnover

Profit Before Tax

Net worth

31/12/2010

10,426,457

13,555

183,005

31/12/2009

9,724,189

18,915

176,027

31/12/2008

14,997,011

25,716

165,379

 

 

Accounts & ratios

 

Date of latest accounts

Balance Total

Investments

Capital

Cash Flow

Number of Employees

31/12/2010

5,397,169

1,210

63,000

57,421

3

31/12/2009

4,699,385

1,210

63,000

46,097

5

31/12/2008

7,530,528

1,210

63,000

311,800

6

 

 

Trends

 

Profitability

 

http://app.creditsafe.be/CSBELive/Images/arrow_down.gif

 

Liquidity

 

http://app.creditsafe.be/CSBELive/Images/arrow_up.gif

 

Net worth

 

http://app.creditsafe.be/CSBELive/Images/arrow_up.gif

 

 

 

Payment expectations

 

Past payments

 

Payment expectation days

83.38

Industry average payment expectation days

190.60

Industry average day sales outstanding

144.65

Day sales outstanding

48.77

 

 

Court data summary

 

Bankruptcy details

Court action type

no

Protested bills

Bill amount

-

NSSO details

Date of summons

27/02/2006

 

Business number

429565389

Company name

SAGE DIAMOND ENTERPRISES NV

Fax number

032268009

Date founded

23/10/1986

Company status

active

Company type

Public Limited Liability Company (BE)

Currency

Euro (€)

Date of latest accounts

31/12/2010

Activity code

46761

liable for VAT

yes

Activity description

Wholesale of diamonds and other precious stones

VAT Number

BE.0429.565.389

Belgian Bullettin of Acts Publications

moniteur belge

 

 

Contractor details Check Article 30 Bis

Registered contractor number

-

Contractor description

-

Date struck off register

 

Personnel limit NSSO

Code

-

Description

FROM 1 TO 4 EMPLOYEES

Joint Industrial Committee (JIC)

JIC Code

218

Description

Additional national joint committee for the employees

category

 

Significant Events

Event Date

27/05/2010

Event Description

re-appointment of director(s)

Event Details

Commentaar 27-05-2010: Herbenoemd als bestuurder tot na de vergadering van 2016: Chodos Elie(tevens als gedelegeerd bestuurder) en Stein Didier.

 

Export accounts to CSV file

 

comparison mode

average

median

 

 

 

Profit & loss

 

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

 

Weeks

52

 

52

 

52

 

 

 

Currency

EUR

 

EUR

 

EUR

 

 

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Turnover

10,426,457

7.22

9,724,189

-35.16

14,997,011

46,865,643

-77.75

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total operating expenses

10,348,456

7.00

9,671,218

-35.00

14,878,249

46,259,325

-77.63

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Operating result

78,001

47.25

52,971

-55.40

118,762

211,095

-63.05

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total financial income

1,876

610

264

-27.47

364

157,120

-98.81

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total financial expenses

66,322

93.25

34,320

-63.26

93,410

310,463

-78.64

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Results on ordinary operations before taxation

13,555

-28.34

18,915

-26.45

25,716

41,415

-67.27

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Taxation

6,577

-20.44

8,267

76.57

4,682

15,235

-56.83

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Results on ordinary operations after taxation

6,978

-34.47

10,648

-49.38

21,034

31,072

-77.54

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Extraordinary items

0

-

0

-

0

2,690

-100

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Other appropriations

0.00

-

0

0

-1

-

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Net result

6,978

-34.47

10,648

-49.37

21,033

33,759

-79.33

 

other information

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Dividends

-

-

-

-

-

326,298

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Director remuneration

85,807

0.00

85,807

-12.27

97,807

113,424

-24.35

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Employee costs

117,826

-32.93

175,680

-18.06

214,393

144,629

-18.53

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Wages and salary

92,539

-33.63

139,436

-20.06

174,436

127,195

-27.25

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Employee pension costs

-

-

-

-

-

7,164

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Social security contributions

19,743

-35.19

30,461

-10.64

34,088

30,922

-36.15

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Other employee costs

5,544

-4.12

5,782

-1.48

5,869

3,159

75.49

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Amortization and depreciation

13,720

-3.30

14,188

-16.98

17,089

21,856

-37.22

 

back to top

 

 

balance sheet     

 

 

Annual accounts

31-12-2010

%

31-12-2009

%

31-12-2008

Industry average
2010

%

 

Weeks

52

 

52

 

52

 

 

 

Currency

EUR

 

EUR

 

EUR

 

 

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Intangible fixed assets

0

-

0

-

0

1,696

-100

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Tangible fixed assets

39,932

-20.21

50,045

-14.53

58,556

194,211

-79.44

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Land & building

-

-

-

-

-

359,728

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Plant & machinery

29,421

-18.92

36,288

-16.70

43,562

27,327

7.66

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Other tangible assets

10,511

-23.60

13,757

-8.25

14,994

27,462

-61.73

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Financial fixed assets

1,210

0

1,210

0

1,210

314,138

-99

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total fixed assets

41,142

-19.73

51,255

-14.24

59,766

408,566

-89.93

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Inventories

3,847,877

12.78

3,411,888

-44.26

6,120,584

3,154,232

21.99

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Raw materials & consumables

-

-

-

-

-

2,393,499

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Work in progress

0

-

0

-

0

2,069

-100

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Finished goods

3,847,877

12.78

3,411,888

-44.26

6,120,584

2,090,346

84.08

http://app.creditsafe.be/CSBElive/Images/graph1.gif

      Other stocks

0

-

0

-

0

520,650

-100

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Trade debtors

1,393,263

21.64

1,145,438

12.08

1,021,963

3,864,044

-63.94

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Cash

57,421

24.57

46,097

-85.22

311,800

265,822

-78.40

http://app.creditsafe.be/CSBElive/Images/graph1.gif

other amounts receivable

17,283

-28.24

24,086

101

11,949

370,137

-95.33

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Miscellaneous current assets

40,183

94.86

20,621

361

4,466

42,849

-6.22

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total current assets

5,356,027

15.23

4,648,130

-37.78

7,470,762

7,173,182

-25.33

 

current liabilities

Trade creditors

2,363,976

14.88

2,057,776

-59.12

5,033,812

2,710,201

-12.77

Short term group loans

-

-

-

-

-

-

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Other short term loans

883,074

46.83

601,441

49.35

402,711

1,931,951

-54.29

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Miscellaneous current liabilities

470,332

-1.16

475,831

-3.19

491,534

551

- -

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total current liabilities

3,717,382

18.57

3,135,048

-47.12

5,928,057

4,449,894

-16.46

 

Long term debts

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Long term group loans

-

-

-

-

-

-

- -

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Other long term loans

306,953

7.81

284,708

-3.39

294,712

-80.46

- -

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Other long term liabilities

1,189,829

7.81

1,103,602

-3.39

1,142,380

720,788

65.07

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total long term debts

1,496,782

7.81

1,388,310

-3.39

1,437,092

1,354,758

10.48

 

shareholders equity

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Issued share capital

63,000

0

63,000

0

63,000

1,031,029

-93.89

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Share premium account

-

-

-

-

-

183,372

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Reserves

120,005

6.17

113,027

10.40

102,379

683,790

-82.45

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Revaluation reserve

-

-

-

-

-

715,893

-

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total shareholders equity

183,005

3.96

176,027

6.44

165,379

1,732,655

-89.44

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Working capital

1,638,645

8.30

1,513,082

-1.92

1,542,705

2,723,288

-39.83

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Net worth

183,005

3.96

176,027

6.44

165,379

1,730,958

-89.43

 

back to top

 

 

ratio analysis

 

 

Annual accounts

31-12-2010

change(%)

31-12-2009

change(%)

31-12-2008

Industry average
2010

%

 

Trading performance

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Profit Before Tax

0.13

-31.58

0.19

11.76

0.17

-2,00

6.50

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Return on capital employed

0.81

-33.06

1.21

-24.38

1.60

18,00

-95.50

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Return on total assets employed

0.25

-37.50

0.40

17.65

0.34

-78,00

0.32

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Return on net assets employed

7.41

-31.07

10.75

-30.87

15.55

19,00

-61.00

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Sales / net working capital

6.36

-1.09

6.43

-33.85

9.72

36,00

-99

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Stock turnover ratio

36.90

5.16

35.09

-14.02

40.81

67,00

-44.93

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Debtor days

48.77

13.44

42.99

72.86

24.87

167,00

-70.80

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Creditor days

83.38

7.37

77.66

-37.11

123.49

171,00

-51.24

 

short term stability

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Current ratio

1.44

-2.70

1.48

17.46

1.26

8,00

-82.00

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Liquidity ratio / acid ratio

0.41

5.13

0.39

69.57

0.23

5,00

-91.80

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Current debt ratio

20.31

14.04

17.81

-50.32

35.85

8,00

153

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Liquidity ratio reprocessed

-

-

-

-

-

-

-

 

long term stability

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Gearing

650.27

29.17

503.42

19.38

421.71

121,00

437

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Equity in percentage

3.39

-9.60

3.75

70.45

2.20

-1.502,00

0.23

http://app.creditsafe.be/CSBElive/Images/graph1.gif

Total debt ratio

28.49

10.86

25.70

-42.29

44.53

9,00

216

 

 

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

83.38

Day sales outstanding

48.77

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

83.38

Lower

135.11

Median

89.39

Upper

47.10

 

Day sales outstanding

View graph

Company result

48.77

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

No minority interests found

 

 

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416109313

WOLFDIAM IN VEREFFENING BVBA

31/12/2009

416411496

BODIAM BVBA

31/12/2010

416581049

CODIA IN VEREFFENING BVBA

31/12/2010

416716057

MAJECO BVBA

31/12/2010

416746741

WEISSBERG DIAMONDS IN VEREFFENING BVBA

31/12/2007

417110490

SAVRANDIAM BVBA

31/12/1999

417145827

ATLANTIC-PACIFIC TRADING CORP NV

31/12/2004

417145827

ATLANTIC-PACIFIC TRADING CORP NV

31/12/2004

417145827

ATLANTIC-PACIFIC TRADING CORP NV

31/12/2004

417267274

R D H DIAMONDS BVBA

31/12/2010

417476716

ROGER KIRSCHEN EN CO IN VEREFFENING VOF

-

417687344

NAPOL DIAMONDS 6 BVBA

31/12/2010

418245291

S. BUCHNER EN ZOON

-

418469282

RAYMOND DAVIDSON EN CO IN VEREFFENING BVBA

31/12/2003

418913801

DIAMOND SELECTION TRUST CO BVBA

31/12/2010

418913801

DIAMOND SELECTION TRUST CO BVBA

31/12/2010

419012185

F. DASKAL BVBA

31/12/2010

419012185

F. DASKAL BVBA

31/12/2010

419076622

SYLPERDIAM IN VEREFFENING BVBA

31/12/1998

419106118

ACIRA DIAMOND MANUFACTURING CY IN VEREFFENING BVBA

-

419510449

SYGMA DIAMONDS BVBA

31/12/2010

420242008

BAITEL DIAMONDS NV

31/12/2010

420538451

MERCURIAL DIAMONDS NV

31/12/2010

420582793

DIAMOND WORLD ANTWERP

-

420958125

E GOLDSTEIN DIAMONDS BVBA

31/12/2010

421261201

TOVDIAM

-

421343353

TEGEDIAM

-

421671173

BELGO-NIPPON DIAMOND COMPANY

-

421711557

PAUL MARCAULT BVBA

-

422117076

RAINBOW GEMS INTERNATIONAL BVBA

31/12/2010

422243077

VIP HELI CHARTER BVBA

-

422274850

PAPAZIAN EN CO

-

422315630

ACHDIAM IN VEREFFENING BVBA

31/12/1999

422447272

EFDECO BVBA

31/12/2010

422484686

APTEDIAM

-

422574758

DANIEL JEWELRY

-

423040556

DIAMONDS FOR INDUSTRY NV

30/06/1999

423208129

J. OLTUSKI DIAMONDS IN VEREFFENING BVBA

31/12/2009

423265537

JAPANESE ASSISTANCE LABORATORY INTERNATIONAL IN VE

31/12/2007

423265537

JAPANESE ASSISTANCE LABORATORY INTERNATIONAL IN VE

31/12/2007

423332942

LOCOW BVBA

-

423450332

ABAX TRADING PVBA IN VEREFFENING

-

423471514

INTERNATIONAL RAINBOW ASSOCIATES BVBA

-

423610678

E RAMOS & SONS BVBA IN VEREFFENING

-

424728257

TOKYO DIAMOND CY IN VEREFFENING BVBA

31/12/2008

424728257

TOKYO DIAMOND CY IN VEREFFENING BVBA

31/12/2008

426418136

WINFA IN VEREFFENING BVBA

-

427857892

MICHEL ALEXOFF BVBA IN VEREFFENING

-

428687639

PINCHASI DIAMONDS INTERNATIONAL BVBA

-

429456018

SKY DIAMONDS BVBA

31/12/2003

429456018

SKY DIAMONDS BVBA

31/12/2003

429843919

MONDIAL GEMS IN VEREFFENING BVBA

-

430099582

JAPAN TRADING COMPANY NV

31/12/2010

430346042

BELLINI INTERNATIONAL BVBA IN VEREFFENING

-

431584177

INTERIM MANAGEMENT & COUNSELLING BVBA

31/12/2007

431584177

INTERIM MANAGEMENT & COUNSELLING BVBA

31/12/2007

431634954

BELGIUM DIAMOND INDUSTRIES IN VEREFFENING NV

-

432039780

TOPGEM IN VEREFFENING BVBA

31/12/2005

432516367

A AKILLIAN DIAMONDS IN VEREFFENING BVBA

31/12/2005

432516367

A AKILLIAN DIAMONDS IN VEREFFENING BVBA

31/12/2005

433165277

BELGOTRADING CY NV

31/10/2010

433242085

ALPILEX DIAMOND MANUFACTURING BVBA

31/12/2010

433782812

WEITMAN TOBIAS BVBA IN VEREFFENING

-

434071040

DIAFIN HOLDING NV

31/12/2010

434802993

ARODIAM MANUFACTURING COMPANY NV

31/12/2010

435879594

AMELIORE IN VEREFFENING BVBA

31/12/2008

435879594

AMELIORE IN VEREFFENING BVBA

31/12/2008

435974913

GONDO NV

31/12/2010

437511075

JAPAN IMMO BVBA

31/12/2010

437617775

DANRIMMO NV

31/12/2010

438315977

CHEUNG DIAMONDS BVBA

-

438523637

WORLD DIAMOND OF INOUE COMP LIMI BVBA

-

438576194

COTRADIM EN LIQUIDATION NV

31/12/2010

439291719

ASSOCIATED DIAMOND BVBA

31/12/2010

440091275

WARCEL DIAMONDS NV

31/12/2010

440325659

ANTWERP GEM DIAMOND MANUFACTURING COMPANY IN VEREF

31/12/1998

440723062

RABBI DIAMONDS BVBA

31/12/2009

440793437

A.M. CORPORATION BVBA

31/12/2010

440793437

A.M. CORPORATION BVBA

31/12/2010

441850143

M J DIAMONDS P/A IN VEREFFENING BVBA

-

441900821

SUSSHOLZ DANIEL BVBA

-

442026624

D S DIAMONDS BVBA

31/12/2010

442170837

SZ. S.N. BVBA

31/12/2010

442626935

RAMOS DIAMONDS BVBA

31/12/2010

442659894

LEE HENG DIAMOND COMPANY(BELGIUM NV

-

443502707

EURO INDUSTRIAL DIAMOND IN VEREFFENING NV

21/12/1999

443905949

SHECHTER DIAMOND CORPORATION IN VEREFFENING BVBA

-

443933168

INTERTRADE DIAMONDS IN VEREFFENING NV

31/12/2008

443933168

INTERTRADE DIAMONDS IN VEREFFENING NV

31/12/2008

443967812

BELISCO DIAMONDS BVBA

-

445360355

EMMANUEL GUILLAUME BVBA

31/12/2010

445965913

DIAGEST IN VEREFFENING BVBA

31/12/2007

446372125

BELDENDIAM IN VEREFFENING BVBA

-

446811197

PRUDENTIAL DIAMONDS ANTWERP BVBA

31/03/2011

446900774

NASIELSKI & ZOON BVBA

31/12/2010

447983711

OKE DIAMONDS NV

31/12/2009

448313511

ALGO - IMMO IN VEREFFENING BVBA

31/12/1998

448565513

ANDIN EUROPE IN VEREFFENING NV

31/12/1998

448572441

DIAMOND CENTERS INTERNATIONAL BVBA

31/03/2010

448818604

P JEEGERS&C BVBA

31/12/2010

448881554

SCHACHTER & NAMDAR BELGIUM BVBA

-

448887195

RAYDIAM NV

31/12/2004

448887195

RAYDIAM NV

31/12/2004

448917879

ANNIE DIAMONDS BVBA

31/12/2010

448987561

BEAFRIM NV

31/12/2010

449249659

EMMANUEL S. GUILLAUME IN VEREFFENING BVBA

-

449433563

HOPE OF AFRICA BVBA

31/12/2010

449750792

UNITED DEVELOPMENT CORPORATION IN VEREFFENING BVBA

-

449953997

INTERFIX IN VEREFFENING BVBA

31/12/1998

450343680

CENTERSTONE BVBA

31/12/2010

450495318

STAR TRADING COMPANY IN VEREFFENING BVBA

30/06/1998

450502048

RUSBEL GEM CO IN VEREFFENING NV

-

450830660

ALGO DIAMONDS BVBA

-

452065332

DIAMOND TRUST CO NV

-

452672076

S.D.E. DIAMONDS BVBA

31/12/2010

452713945

ADLER BENNY DIAMONDS BVBA

31/12/2010

453148069

JACOB SHEMESH IN VEREFFENING BVBA

-

453193304

ORNAMENT-TRADING D. BELGIUM IN VEREFFENING NV

-

453396905

S. SPIRA DIAMONDS IN VEREFFENING BVBA

31/12/2008

453541217

OMEGA DIAMONDS BVBA

31/12/2010

453944162

INTERCONTINENTAL DIAMOND COMPANY NV

31/12/2010

454011864

KAWAN DIAMONDS BVBA

31/12/2010

455130829

CHARISMAZ DIAMOND TRADING COMPANY NV

31/12/2010

455130928

ORION DIAMOND TRADING BVBA

31/12/2010

456062029

SHARDIAM IN VEREFFENING NV

-

457969365

CONCEPT LINK BVBA

31/12/2010

458117637

CHRONO GT BVBA

31/12/2008

459030922

ELDAV IN VEREFFENING BVBA

-

459414368

RADIANT BVBA

31/12/2010

459422979

WORLDWIDE DIAMOND TRADERS IN VEREFFENING NV

-

459494740

THE BUDDA DIAMOND COMPANY BVBA

31/12/2010

460316369

ISAAC KEESJE EN ZOON BVBA

31/12/2010

460402382

DOUBLE RAINBOW IN VEREFFENING BVBA

30/06/2006

460881345

ITALGEM BVBA

31/12/2010

461985957

DAUM-EGGED DIAMONDS BVBA

31/12/2010

463955849

E.M.A. DIAMONDS BELGIUM IN VEREFFENING BVBA

31/12/2009

465435494

EMEF TRADING COMPANY NV

31/12/2000

466548323

PINKUSEWITZ DIAMONDS IN VEREFFENING NV

31/12/2010

470203441

SERVDIAM BVBA

31/12/2010

471181458

NATISA BVBA

31/12/2009

472276370

TERRA GEMS NV

30/09/2010

474859936

E.F.D. (BELGIUM) BVBA

31/12/2010

476909408

DGC BELGIË IN VEREFFENING BVBA

31/12/2005

479109724

NSOULI NV

31/12/2010

479203259

ALAIN STERNBERG BVBA

31/12/2010

479227312

S.D.J. BVBA

31/12/2010

502087341

SHAPIRA SIMON

-

505110672

INOWLOCKI M

-

505120075

WARCEL ANDRÉ

-

505154224

LUFTIG LEONHARD

-

505274384

SPIRA SALOMON

-

505313778

NARCYZ HENRI

-

506102448

DAVIDSON RAOUL

-

506144119

GEBR GUTWIRTH & CO

-

506170051

DUNKELBLUM IGNACE

-

506171833

KAWAN HENRI

-

506174506

RUBENFELD JACKI

-

506175197

FISCHER ISIDOR

-

506179949

WOLDBAUM CHAIM

-

506190243

NASIELSKI SALOMON

-

506200339

BOCHNER HERMAN

-

506210930

PITZELE CHARLES

-

506227162

POPOWSKI ALFRED

-

506256460

WILK P

-

506257054

ROSENZWEIG ABRAHAM

-

506270021

ELZAS EDUARD

-

506354054

KRAMARZ RACHMIEL HIRSZ

-

506354648

LOCOW MICHEL

-

506373454

GEM-STONE FV

-

506428783

ALMER BENJAMIN

-

506438582

APPELSTEIN HENRI

-

506445908

NEIMAN DAVID

-

506456992

MARGULIES DANIEL

-

506466989

MARGULIES MARCEL ISIDORE

-

506487082

GARTNER CÉCILE

-

506489557

LUFTIG L & KESLER A

-

506491438

FINK ISRAEL

-

507426992

BIRON LAURENT

-

507433823

GUTWIRTH SAMY(GEBR GUTWIRTHZCO)

-

507455894

GRADOM WILHELM

-

507484006

KOMLOSI NICOLAE

-

806232524

GEN DIAMONDS BVBA

31/12/2010

808699589

J. KORN BVBA

31/12/2010

811337692

T.N.T. DIAMONDS BVBA

31/12/2010

812067568

ANTWERP DIAMOND PARTNERS BVBA

30/06/2011

816873820

ARC TRADING BVBA

31/12/2010

817246180

A.S. DIAMONDS BELGIUM BVBA

31/12/2010

821579211

ANTWERP COMES TO YOU FIRST ACTYF FV

-

823230783

KELLER DIAMONDS BVBA

31/12/2010

824079534

PRIME DIAMONDS BVBA

31/12/2010

826077635

LEVEL DIAMONDS BVBA

-

831311675

ROSA DIAMONDS BVBA

-

831953360

DIANET BVBA

-

835232455

ALBI BVBA

-

838399704

TIRAMISU BVBA

-

841680975

DIAMOND DREAMS BVBA

-

843926625

SAFANT BVBA

-

859984083

SILK ROAD BVBA

31/12/2010

860741871

KORALL BVBA

31/12/2010

860837287

JULIUS KLEIN ELIAZ DIAMONDS EUROPE BVBA

31/12/2010

862387507

AMC BELGIUM CVA

31/12/2010

863512608

W. INTERNATIONAL NV

31/12/2009

863858145

HARRY GITTLER BVBA

31/12/2010

865838529

STIEGLITZ DIAMOND SUPPLIERS BVBA

31/12/2010

867825544

SPARKLING ANTWERP BVBA

31/12/2010

867884833

HORIZONS DJ BY AMC IN VEREFFENING BVBA

31/12/2008

870400794

ZOLL & CO BVBA

31/12/2010

870883519

FIBI DIAMONDS BVBA

31/12/2010

873629708

PSQUARED NV

31/12/2010

875186953

Z ROYAL DIAMONDS BVBA

31/12/2010

879002518

CARPE DIAM BVBA

31/12/2010

879860769

APPARTCO BVBA

31/12/2010

880159588

DARIO RAMOS INTERNATIONAL BVBA

31/12/2010

881973191

TAO BVBA

31/12/2010

882094541

LION BVBA

31/12/2010

884129858

PINKUSEWITZ DIAMOND TRADERS NV

31/12/2010

884768276

DANA JEWELLERY BVBA

31/12/2010

888385485

P.D.S. DIAMONDS BVBA

31/12/2010

891089312

PEJMANI BVBA

31/12/2010

891346658

ATLANTIC PACIFIC DIAMONDS BVBA

31/12/2010

893412461

KARKA NV

31/12/2010

895226460

KERENDIAM GROUP

-

896112229

RHÔNE RIVER INVESTMENT MANAGEMENT (BELGIUM) BVBA

31/12/2010

897760635

DIAMOND MAGIC BVBA

31/12/2010

898674811

SAFDICO ANTWERP BVBA

31/12/2010

Protested bills

Drawee name

-

Address

-

Bill amount

-

Bill currency

-

Maturity of bill

-

Name of drawer

-

City of drawer

-

NSSO details

Business number

429565389

Name of defendant

STAR DIAMOND ENTERPRISES

Legal form of defendant

Limited company

Date of summons

27/02/2006

Labour court

ANTWERPEN

View more

Bankruptcy details

There is no bankruptcy data against this company

 

 

Legal events

Legal event type

Social Security Summons

Legal event sub type

 

Event date

27/02/2006

Secondary event date

 

Court number

 

Registry body identfier

 

Court type

Employment Court

Court name

Antwerpen

3rd party name

Rijksdienst voor Sociale Zekerheid

3rd party type

Summoning Party

3rd party address





 

 

Current director details

 

Name

ELIE CHODOS

Position

Managing Director

Street

32 KASTEELPLEINSTRAAT ANTWERPEN

Post code

2000

Country

Belgium

 

Name

ELIE CHODOS

Position

Director

Street

32 KASTEELPLEINSTRAAT ANTWERPEN

Post code

2000

Country

Belgium

 

 

Name

DIDIER STEIN

Position

Director

Street

51 AHAD HAAM

Post code

43210

Country

Israël

 

Former director details

Name

PHILIPPE ROT

Position

Director

Street

38 STERRENKUNDIGENSTRAAT BRUSSEL

Post code

1180

Country

Belgium

 

 

 

Bottom of Form

 

 

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.