MIRA INFORM REPORT
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Report Date : |
10.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ARHAAN DIAM BVBA |
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Registered Office : |
Belgiëlei 134 Antwerpen, Post Code 2018 |
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Country : |
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Date of Incorporation : |
23.03.2011 |
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Com. Reg. No.: |
834846435 |
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Legal Form : |
Private Limited Company |
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Line of business : |
Wholesale of diamonds and other precious stones |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Belgium |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Business number |
834846435 |
Company name |
ARHAAN DIAM BVBA |
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Address |
BELGIËLEI 134 ANTWERPEN |
Telephone number |
- |
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Post code |
2018 |
Fax number |
- |
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Date of establishment |
23/03/2011 |
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Business number |
834846435 |
Company name |
ARHAAN DIAM BVBA |
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Fax number |
- |
Date founded |
23/03/2011 |
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Company status |
active |
Company type |
Private Limited Company (BL/LX) |
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Currency |
Euro (€) |
Date of latest accounts |
- |
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Activity code |
46761 |
liable for VAT |
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Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0834.846.435 |
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Belgian Bullettin of Acts Publications |
moniteur belge |
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Na
Court data summary
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Bankruptcy details |
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Court action type |
no |
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Protested bills |
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Bill amount |
- |
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NSSO details |
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Date of summons |
- |
Contractor details
s
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Registered contractor number |
- |
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Contractor description |
- |
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Date struck off register |
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Personnel limit
NSSO
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Code |
- |
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Description |
- |
Joint Industrial
Committee (JIC)
There are no accounts on file for this company
Protested bills
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Drawee name |
- |
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Address |
- |
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Bill amount |
- |
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Bill currency |
- |
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Maturity of bill |
- |
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Name of drawer |
- |
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City of drawer |
- |
NSSO details
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Business number |
834846435 |
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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 |
- |
Bankruptcy details
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There is no bankruptcy data against this company |
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Court data
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there is no data for this company |
Current director
details
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Name |
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Position |
Principal Manager |
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Street |
134 BELGIËLEI ANTWERPEN |
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Post code |
2018 |
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Country |
Belgium |
Minority
Shareholders
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No minority shareholders found |
Payment
expectations
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Past payments |
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Payment expectation days |
- |
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Industry average payment expectation days |
193.86 |
Industry average day sales outstanding |
144.58 |
Suspension of
payments / moratorium history
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Amount |
- |
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Details |
- |
Payment
expectations
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Payment expectation days |
- |
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Day sales outstanding |
- |
Ultimate holding
company
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Safe Number |
Company name |
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Company Number |
View linked companies from
outside this company's group structure |
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- |
- |
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- |
No linked companies have been found. |
Summary
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Group - Number of Companies |
0 |
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Linkages - Number of Companies |
0 |
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Number of Countries |
0 |
Group Structure
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No group structure for this company. |
Accounts &
ratios
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No key Financials Registered |
Na
Trends
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- |
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- |
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- |
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Rating History
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no rating history data found |
Limit History
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no limit history data found |
Industry
comparison
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Activity code |
46761 |
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Activity description |
Wholesale of diamonds and other precious stones |
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Industry average credit limit |
140177.31 |
Industry
comparison
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Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
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Industry average payment expectation days |
193.86 |
|
Industry average day sales outstanding |
144.58 |
Industry quartile
analysis
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Payment expectations |
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Company result |
- |
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Lower |
137.60 |
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Median |
91.36 |
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Upper |
47.15 |
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Day sales outstanding |
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Company result |
- |
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Lower |
123.28 |
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Median |
63 |
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Upper |
29.27 |
Minority Interests
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No minority interests found |
Companies that
match this address
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Business number |
Company name |
Limit |
Date of accounts |
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FUNTASTIC NV |
- |
- |
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PÉ RICH - IMMO NV |
6000 |
31/12/2010 |
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ANTWERP DIAMOND BROKERS INTERNATIONAL IN VEREFFENI |
- |
31/12/1999 |
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LEDUBO BVBA |
8500 |
30/09/2010 |
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PEERTS PAUL |
- |
- |
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ROZENBAUM M |
- |
- |
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FINK D |
- |
- |
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FORTUNE JEWEL BVBA |
0 |
- |
Na
DIAMOND INDUSTRY –
INDIA
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.28 |
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UK Pound |
1 |
Rs.81.38 |
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Euro |
1 |
Rs.67.01 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.