|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOGDIAM CORPORATION BVBA |
|
|
|
|
Registered Office : |
Schupstraat 18 Antwerpen 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03.02.2011 |
|
|
|
|
Com. Reg. No.: |
833556731 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
& COMPANY SUMMARY
|
Business number |
833556731 |
Company name |
JOGDIAM CORPORATION BVBA |
|
Safe number |
BE01479236 |
Telephone number |
- |
|
Address |
SCHUPSTRAAT 18 ANTWERPEN |
Fax number |
- |
|
Post code |
2018 |
|
|
|
Date of establishment |
03/02/2011 |
|
|
|
Business number |
833556731 |
Company name |
JOGDIAM CORPORATION BVBA |
|
Fax number |
- |
Date founded |
03/02/2011 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro () |
Date of latest accounts |
- |
|
Activity code |
46761 |
liable for VAT |
|
|
Activity description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0833.556.731 |
|
Belgian Bullettin of Acts Publications |
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Street |
105 BELGIΛLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Street |
28 VAN PUTLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Principal Manager |
|
Street |
37 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Business number |
833556731 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
|
|
|
|
There is no bankruptcy data against this company |
|
|
there is no data for this company |
|
Bankruptcy
details |
|
|
Court action
type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
No minority shareholders found
|
Amount |
- |
|
Details |
- |
|
Payment expectation days |
- |
|
Day sales outstanding |
- |
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
187.77 |
|
Industry average day sales outstanding |
143.20 |
|
Payment expectations |
|
|
Company result |
- |
|
Lower |
134.01 |
|
Median |
88.52 |
|
Upper |
47.15 |
|
|
|
|
Day sales outstanding |
|
|
Company result |
- |
|
Lower |
115.33 |
|
Median |
59.92 |
|
Upper |
26.51 |
|
Safe number |
Company name |
|
Company Number |
|
- |
- |
|
- |
Summary
|
Group - Number
of Companies |
0 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
|
No group structure for this company. |
No key Financials Registered
Na
no limit history data found
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
No minority interests found
|
Business number |
Company name |
Date of accounts |
|
COBESCO NV |
31/12/2010 |
|
|
JAYAM NV |
31/03/2011 |
|
|
PIERRE HIRSCHFELD BVBA |
31/12/2010 |
|
|
SUPERGEMS NV |
31/12/2010 |
|
|
SIMONA NV |
31/12/2010 |
|
|
GOFIMO BVBA |
31/12/2009 |
|
|
HERENTHOUT DIAMOND MANUFACTURING COMPANY IN VEREFF |
31/12/2006 |
|
|
ARJAV DIAMONDS NV |
31/12/2010 |
|
|
SUPERGEMS MANUFACTURING IN VEREFFENING NV |
31/12/2010 |
|
|
SUPERGEMS MANUFACTURING IN VEREFFENING NV |
31/12/2010 |
|
|
I.D.R.P. BVBA |
31/12/2010 |
|
|
PROPERTY DEALERS INTERNATIONAL NV |
31/12/2010 |
|
|
FINKDIAM IN VEREFFENING BVBA |
31/12/1998 |
|
|
BUILDING SCHUPSTRAAT NV |
31/12/2010 |
|
|
CD DIAMOND MANUFACTURING BVBA |
31/12/2010 |
|
|
SMOLENSK GEMS IN VEREFFENING NV |
- |
|
|
ESAL CORPORATION IN VEREFFENING NV |
- |
|
|
ALFINDIAM IN VEREFFENING IN VEREFFENING NV |
- |
|
|
ALFINDIAM IN VEREFFENING IN VEREFFENING NV |
- |
|
|
S.D. COMPANY IN VEREFFENING BVBA |
31/12/2003 |
|
|
GABI S. TOLKOWSKY ANS SONS BVBA |
31/12/2010 |
|
|
GABI S TOLKOWSKY DESIGN BVBA |
31/12/2010 |
|
|
SHANA STAR BVBA |
31/12/2002 |
|
|
RAINBOW INVESTMENTS NV |
31/05/2011 |
|
|
MIRAGE COLLECTIONS BVBA |
30/06/2010 |
|
|
GEM EXCEL NV |
31/12/2010 |
|
|
BARNINKA ANDRΙ |
- |
|
|
DATTNER EMANUEL |
- |
|
|
J.N. DIAMONDS BVBA |
- |
|
|
TOMCHEI SHABBOS OF ANTWERP VZW |
- |
|
|
HIRSCHFELD DIAMONDS BVBA |
- |
|
|
V.M.E. SCHUPSTRAAT 18-20 PRF-INTRPRF VEN. |
- |
|
|
SACHIN DIAMONDS BELGIUM IN VEREFFENING NV |
31/12/2010 |
|
|
AMDIAM NV |
31/12/2010 |
|
|
JSJ DIAMONDS BVBA |
31/12/2010 |
|
|
JAYAM JEWELLERY NV |
31/03/2011 |
|
|
ARJAV TRADERS NV |
31/12/2010 |
|
|
BANK OF INDIA |
- |
|
|
KNS DIAMONDS BVBA |
31/12/2010 |
|
|
MELANGE JEWELS BVBA |
31/12/2010 |
|
|
- |
31/12/2010 |
Na
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.52.93 |
|
UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 SCs 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.