MIRA INFORM REPORT
|
Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXELCO NV |
|
|
|
|
Registered Office : |
Pelikaanstraat
62 Antwerpen, Post Code 2018 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.03.1995 |
|
|
|
|
Com. Reg. No.: |
454661071 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and
other precious stones |
|
|
|
|
No. of Employees
: |
07 |
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, 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 |
Company summary
|
Business number |
454661071 |
Company name |
EXELCO NV |
|
|
|
Telephone number |
032269459 |
|
Address |
PELIKAANSTRAAT 62 ANTWERPEN |
Fax number |
032269459 |
|
Post code |
2018 |
Number of staff |
7 |
|
Date of establishment |
08/03/1995 |
|
|
Ultimate
holding company
|
Company name |
|
Company Number |
|
- |
|
- |
Accounts
& ratios
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
|
31/12/2010 |
72,725,797 |
57,203 |
3,691,039 |
|
31/12/2009 |
70,281,719 |
107,832 |
3,413,528 |
|
31/12/2008 |
59,589,388 |
74,830 |
3,356,806 |
Accounts & ratios
|
Date of latest accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of Employees |
|
31/12/2010 |
46,032,769 |
11,944 |
3,301,847 |
64,541 |
7 |
|
31/12/2009 |
40,434,892 |
11,544 |
3,062,525 |
23,427 |
7 |
|
31/12/2008 |
36,186,025 |
11,344 |
3,062,525 |
25,518 |
8 |
Trends
|
Profitability |
|
|
|
|
Liquidity |
|
|
|
|
Net worth |
|
|
|
Payment expectations
|
Past payments |
|
Payment expectation days |
120.19 |
|
Industry average payment expectation days |
189 |
Industry average day sales outstanding |
143.21 |
|
Day sales outstanding |
136.08 |
||
Court data summary
|
Bankruptcy details |
|
||||
|
Court action type |
no |
|
|||
|
Protested bills |
|
||||
|
Bill amount |
- |
|
|||
|
NSSO details |
|
||||
|
Date of summons |
- |
|
|||
|
Business number |
454661071 |
Company name |
EXELCO NV |
||
|
Fax number |
032269459 |
Date founded |
08/03/1995 |
||
|
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.0454.661.071 |
||
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
||
Contractor details
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
Personnel limit NSSO
|
Code |
- |
|
Description |
- |
Joint Industrial Committee (JIC)
|
JIC Code |
218 |
|
Description |
Additional national joint committee for the
employees |
|
category |
|
|
JIC Code |
324.02 |
|
Description |
JSC small merchandisers in the diamant
industry and trade |
|
category |
|
Significant Events
|
Event Date |
26/06/2006 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 26-06-2006: De bestuurdersmandaten van
Kunstler Lior, van Tolkowsky Jean-Paul en van Weitman Emmanuel worden
verlengd voor een periode van zes jaar. |
Profit
& loss
|
Annual
accounts |
31-12-2010 |
% |
31-12-2009 |
% |
31-12-2008 |
Industry
average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
72,725,797 |
3.48 |
70,281,719 |
17.94 |
59,589,388 |
47,017,214 |
54.68 |
|
Total operating expenses |
72,144,256 |
3.64 |
69,608,749 |
18.49 |
58,747,026 |
46,418,900 |
55.42 |
|
Operating result |
581,541 |
-13.59 |
672,970 |
-20.11 |
842,362 |
208,541 |
178 |
|
Total financial income |
131,379 |
680 |
16,843 |
-34.17 |
25,587 |
154,352 |
-14.88 |
|
Total financial expenses |
655,717 |
12.67 |
581,982 |
-26.62 |
793,119 |
304,027 |
115 |
|
Results on ordinary operations before taxation |
57,203 |
-46.95 |
107,832 |
44.10 |
74,830 |
42,656 |
34.10 |
|
Taxation |
38,193 |
-18.22 |
46,703 |
1.07 |
46,210 |
15,443 |
147 |
|
Results on ordinary operations after taxation |
19,010 |
-68.90 |
61,129 |
113 |
28,620 |
32,187 |
-40.94 |
|
Extraordinary items |
2,532 |
24.50 |
-10,333 |
- |
0 |
9,739 |
-74.00 |
|
Other appropriations |
0 |
- |
0.00 |
-100 |
1 |
- |
- |
|
Net result |
21,542 |
-57.59 |
50,796 |
77.48 |
28,621 |
41,923 |
-48.62 |
|
other information |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
326,298 |
- |
|
Director remuneration |
89,184 |
-16.63 |
106,980 |
30.44 |
82,013 |
113,424 |
-21.37 |
|
Employee costs |
257,962 |
4.66 |
246,478 |
-8.99 |
270,817 |
143,868 |
79.30 |
|
Wages and salary |
200,390 |
5.09 |
190,692 |
-7.91 |
207,069 |
126,514 |
58.39 |
|
Employee pension costs |
- |
- |
- |
- |
- |
7,164 |
- |
|
Social security contributions |
42,566 |
5.11 |
40,496 |
-14.62 |
47,430 |
30,693 |
38.68 |
|
Other employee costs |
15,005 |
-1.87 |
15,291 |
-6.30 |
16,318 |
3,189 |
370 |
|
Amortization and depreciation |
49,486 |
-24.77 |
65,776 |
-21.91 |
84,228 |
20,804 |
137 |
balance
sheet
|
Annual accounts |
31-12-2010 |
% |
31-12-2009 |
% |
31-12-2008 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed assets |
12,921 |
- |
1,985 |
- |
7,910 |
1,700 |
660 |
|
Tangible fixed assets |
123,268 |
-14.78 |
144,654 |
-23.17 |
188,278 |
194,061 |
-36.48 |
|
Land & building |
- |
- |
- |
- |
- |
361,124 |
- |
|
Plant & machinery |
44,881 |
-0.98 |
45,323 |
-31.95 |
66,604 |
26,295 |
70.68 |
|
Other tangible assets |
78,387 |
-21.09 |
99,332 |
-18.36 |
121,674 |
27,426 |
185 |
|
Financial fixed assets |
11,944 |
3.46 |
11,544 |
1.76 |
11,344 |
309,211 |
-96.14 |
|
Total fixed assets |
148,134 |
-6.35 |
158,183 |
-23.78 |
207,533 |
404,851 |
-63.41 |
|
Inventories |
17,252,436 |
29.13 |
13,360,934 |
5.71 |
12,638,935 |
3,035,941 |
468 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
2,393,499 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,088 |
-100 |
|
Finished goods |
17,252,436 |
29.13 |
13,360,934 |
5.71 |
12,638,935 |
2,002,221 |
761 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
513,417 |
-100 |
|
Trade debtors |
27,113,762 |
6.01 |
25,576,835 |
16.53 |
21,948,793 |
3,856,687 |
603 |
|
Cash |
64,541 |
175 |
23,427 |
-8.19 |
25,518 |
267,817 |
-75.90 |
|
other amounts receivable |
1,422,425 |
13.60 |
1,252,172 |
0.81 |
1,242,135 |
335,873 |
323 |
|
Miscellaneous current assets |
31,471 |
-50.31 |
63,341 |
-48.55 |
123,111 |
40,485 |
-22.27 |
|
Total current assets |
45,884,635 |
13.92 |
40,276,709 |
11.95 |
35,978,492 |
7,035,740 |
552 |
|
current liabilities |
|||||||
|
Trade creditors |
23,757,175 |
0.95 |
23,533,463 |
27.26 |
18,493,153 |
2,678,241 |
787 |
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Other short term loans |
10,875,320 |
24.77 |
8,716,138 |
-11.44 |
9,842,029 |
1,912,866 |
468 |
|
Miscellaneous current liabilities |
107,074 |
35.18 |
79,209 |
15.65 |
68,492 |
116 |
- - |
|
Total current liabilities |
34,739,569 |
7.46 |
32,328,811 |
13.82 |
28,403,674 |
4,390,276 |
691 |
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
7,589,240 |
61.80 |
4,690,570 |
13.31 |
4,139,441 |
419 |
- - |
|
Other long term liabilities |
0 |
- |
0 |
-100 |
278,194 |
720,494 |
-100 |
|
Total long term debts |
7,589,240 |
61.80 |
4,690,570 |
6.18 |
4,417,635 |
1,307,950 |
480 |
|
shareholders equity |
|||||||
|
Issued share capital |
3,301,847 |
7.81 |
3,062,525 |
0.00 |
3,062,525 |
966,077 |
241 |
|
Share premium account |
- |
- |
- |
- |
- |
183,372 |
- |
|
Reserves |
402,113 |
13.92 |
352,987 |
16.81 |
302,191 |
713,314 |
-43.63 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
715,893 |
- |
|
Total shareholders equity |
3,703,960 |
8.45 |
3,415,512 |
1.51 |
3,364,716 |
1,698,297 |
118 |
|
Working capital |
11,145,066 |
40.23 |
7,947,899 |
4.93 |
7,574,818 |
2,645,464 |
321 |
|
Net worth |
3,691,039 |
8.13 |
3,413,528 |
1.69 |
3,356,806 |
1,696,597 |
117 |
ratio
analysis
|
Annual accounts |
31-12-2010 |
change(%) |
31-12-2009 |
change(%) |
31-12-2008 |
Industry average |
% |
|
Trading performance |
|||||||
|
Profit Before Tax |
0.08 |
-46.67 |
0.15 |
15.38 |
0.13 |
-1,00 |
8.00 |
|
Return on capital employed |
0.51 |
-61.65 |
1.33 |
38.54 |
0.96 |
18,00 |
-97.17 |
|
Return on total assets employed |
0.12 |
-55.56 |
0.27 |
28.57 |
0.21 |
-79,00 |
0.15 |
|
Return on net assets employed |
1.54 |
-51.27 |
3.16 |
42.34 |
2.22 |
18,00 |
-91.44 |
|
Sales / net working capital |
6.53 |
-26.13 |
8.84 |
12.33 |
7.87 |
36,00 |
-99 |
|
Stock turnover ratio |
23.72 |
24.78 |
19.01 |
-10.37 |
21.21 |
64,00 |
-62.94 |
|
Debtor days |
136.08 |
2.45 |
132.83 |
-1.20 |
134.44 |
164,00 |
-17.02 |
|
Creditor days |
120.19 |
-2.60 |
123.40 |
7.40 |
114.90 |
162,00 |
-25.81 |
|
short term stability |
|||||||
|
Current ratio |
1.32 |
5.60 |
1.25 |
-1.57 |
1.27 |
8,00 |
-85.33 |
|
Liquidity ratio / acid ratio |
0.82 |
-1.20 |
0.83 |
1.22 |
0.82 |
5,00 |
-83.60 |
|
Current debt ratio |
9.38 |
-0.95 |
9.47 |
12.20 |
8.44 |
9,00 |
4.22 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
long term stability |
|||||||
|
Gearing |
498.51 |
27.00 |
392.52 |
-5.54 |
415.53 |
150,00 |
232 |
|
Equity in percentage |
8.05 |
-4.73 |
8.45 |
-9.14 |
9.30 |
-1.515,00 |
0.53 |
|
Total debt ratio |
11.43 |
5.44 |
10.84 |
11.18 |
9.75 |
9,00 |
27.00 |
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious
stones |
Suspension of payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment expectation days |
120.19 |
|
Day sales outstanding |
136.08 |
Industry comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious
stones |
|
Industry average payment expectation days |
189 |
|
Industry average day sales outstanding |
143.21 |
Industry quartile analysis
|
Payment expectations |
View graph |
|
Company result |
120.19 |
|
Lower |
133.90 |
|
Median |
88.52 |
|
Upper |
47.10 |
|
|
|
|
Day sales outstanding |
View graph |
|
Company result |
136.08 |
|
Lower |
115.33 |
|
Median |
61.01 |
|
Upper |
27.27 |
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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COMITÉ BELGE DE PROPAGANDE POUR LE DIAMANT IN
VERE |
- |
|
411894365 |
CALAMBEL CO BVBA |
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|
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DIAMOND EXPORT CORPORATION BVBA |
- |
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412026108 |
HARRY FÖRSTER-DIAMONDS |
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412088266 |
PAG GEMS |
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412487649 |
FIDCO INC |
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412643740 |
EMBE BVBA |
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ALDIAEM IN VEREFFENING BVBA |
31/12/2000 |
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ALDIAEM IN VEREFFENING BVBA |
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BENGEM IN VEREFFENING BVBA |
31/12/1999 |
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IMBA NV |
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LACHOWSKY & ZUCKER BVBA IN VEREFFENING |
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L & E BERKOVIC DIAMANT |
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INTERNATIONAL DIAMOND COMPANY |
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414079934 |
FEDERATIE DER BELGISCHE DIAMANTBEURZEN VZW |
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414523362 |
J NUÑES DIAMONDS LTD |
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ALCOR INTERNATIONAL DIAMONDS IN VEREFFENING |
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414966988 |
JESSE ALBERT NV |
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CHARLES EN HUBERT VAN DEN EYNDE BVBA |
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CHARLES EN HUBERT VAN DEN EYNDE BVBA |
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MAVENDI IN VEREFFENING BVBA |
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ISRAEL-ARAB DIAMOND TRADING |
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415584028 |
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415584028 |
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ROJASA BELGIUM P/A 8STEBTW-CTLE NV |
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D & D DE BELDER IN VEREFFENING NV |
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I KOMKOMMER INTERNATIONAL IN VEREFFENING NV |
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ARTINIAN NV |
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DECODIA BVBA |
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VICTORY DC NV |
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ANTWERP UNITED DIAMONDS NV |
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ANTWERP UNITED DIAMONDS NV |
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DEDIAM BVBA |
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GENERAL DIAMOND MANUFACTURING AND TRADING
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STAROUGH BVBA |
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RIVER DIAMONDS NV |
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DIAMPAK BVBA |
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ROGER GROS & CIE BVBA |
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DIRGEM BVBA |
31/12/2010 |
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SOVEREIGN BVBA |
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DIAMOND TRADERS ANTWERP BVBA |
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GROS DIFFUSION BVBA |
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PARK JEWELRY BVBA |
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PROFIDIAM BVBA |
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TALDIAM BVBA |
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TALDIAM BVBA |
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FRANK VETS EN CO DIAMOND MANUFACTURERS IN
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IMPEXDIAM BVBA |
31/12/2010 |
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DIALANCO IN VEREFFENING BVBA |
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HAPPY DIAMONDS IN VEREFFENING NV |
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BEATRICE DIAMOND CO BVBA |
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ROSEBUD BVBA |
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ROUDIA |
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FEATURE ENTERPRISES INC |
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JOJO MANUFACTURING NV |
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AREMCO BVBA |
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DORAL BVBA |
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MANHATTAN JEWELS BVBA |
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M & A MANUFACTURING C NV |
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SAM LOONSTEEN DIAMONDS IN VEREFFENING FV |
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HALPDIA IN VEREFFENING BVBA |
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GEORGES ABADJIAN & FILS BVBA |
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BELPEARL BVBA |
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CHARLES BAMPS INC IN VEREFFENING NV |
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MEANDIAM IN VEREFFENING BVBA |
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PAG DIAMONDS NV |
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ATLASS & CO BVBA |
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MAZAL DIAMONDS IN VEREFFENING NV |
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MAZAL DIAMONDS IN VEREFFENING NV |
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KRIS-DIAMONDS BVBA |
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NATURAL FANCY COLOUR DIAMONDS BVBA |
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ADDO DIAMONDS BVBA |
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BELGIAN DIAMOND SUPPLIERS BVBA |
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ANTWERP COLOURED GEMS CVBA |
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ROJOCO BVBA BVBA |
31/12/2010 |
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TWIN TRACK CORPORATION NV |
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ANTWERP GEM DIAMOND MANUFACTURING COMPANY BVBA |
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J C KEPPIE CO |
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AYA CORP BVBA |
31/12/2002 |
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DIAMOND PROMOTION & SERVICES BVBA |
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N N DIAMONDS BVBA |
31/12/2010 |
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D.I.S. IN VEREFFENING BVBA |
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SIMMCOBEL NV |
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SEBER CRÉATIONS BVBA |
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SEBER CRÉATIONS BVBA |
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T.P. BELGIUM IN VEREFFENING NV |
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T.P. BELGIUM IN VEREFFENING NV |
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BOGHOSSIAN GERARD EN ROGER BVBA |
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VERIMCO NV |
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M S KINSBERGEN BVBA |
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BRABO DEVELOPMENT INTERNATIONAL EN LIQUIDATION
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MAZAL BROKERS BVBA |
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MAZAL BROKERS BVBA |
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GARNAR ANTWERP NV |
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VAHE OSKANIAN DIAMONDS NV |
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VAHE OSKANIAN DIAMONDS NV |
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DI-STAR ANTWERP IN VEREFFENING BVBA |
31/12/2001 |
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BLOOMING STAR BVBA |
31/12/2010 |
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ELITE ENTERPRICE IN VEREFFENING BVBA |
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THE MANOR HOUSE BVBA |
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DIAMANT INTERNATIONAL BVBA |
31/12/2000 |
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IMMODOOR P/A 8E BTW CONTROLE NV |
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NAGAHORI CORPORATION |
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D.J.M. LIMITED IN VEREFFENING BVBA |
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HARDWILL DIAMONDS BVBA |
31/12/2010 |
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SNEHDIAM BVBA |
31/12/2010 |
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SCHACHTER & NAMDAR BELGIUM BVBA |
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WEINBERG BERNARD BVBA |
31/12/2010 |
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NAÏRI DIAMONDS IN VEREFFENING NV |
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NAÏRI DIAMONDS IN VEREFFENING NV |
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JOACHIM GOLDENSTEIN DIAMOND EXPORT BVBA |
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ASTRON DIAMOND NV |
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ALTAI DIAMONDS IN VEREFFENING NV |
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VAN DEN PLAS EN ZONEN BVBA |
31/12/2010 |
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ANTEX INTERNATIONAL DIAMOND CY BVBA |
31/12/2010 |
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BEDIMEX BVBA |
31/12/2010 |
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GENETRA IN VEREFFENING BVBA |
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I. & W. INTERNATIONAL NV |
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NICE DIMON BVBA |
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CHRIS CLAIRE OVERSEAS COMPAGNIE IN
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STARS & STRIPES NV |
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MOUAWAD RARE JEWELS IN VEREFFENING BVBA |
31/12/2002 |
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MEGENS DIAMONDS BVBA |
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DIAMOND TRADING NV |
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THOMAS FARBER (ANTWERP) NV |
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DIALPHA BVBA |
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CUPID DIAMONDS IN VEREFFENING NV |
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FRISCH DIAMOND CORPORATION NV |
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ATLAS GEMS NV |
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BAX DIAMONDS BVBA |
31/12/2003 |
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ERKENY IN VEREFFENING NV |
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S & A DIAMONDS BVBA |
31/12/2010 |
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GEM IMPEX BVBA |
31/12/2010 |
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DHWANI GEMS BVBA |
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NEW WORLD DIAMONDS NV |
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UGAM BVBA |
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A.O.T. DIAMONDS BVBA |
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FAR EAST DIAMOND DISTRIBUTORS COMPANY IN
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HARRY WINSTON DIAMOND INTERNATIONAL NV |
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MILU IN VEREFFENING BVBA |
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BEAUTY GEMS BVBA |
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M & M KORNREICH DIAMONDS P/A 8E BVBA |
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ELIA & CO BVBA |
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THIERRY BAMPS (IN VEREFFENING) NV |
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FLORA GEMS BVBA |
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JACOBS EN SMOLDERS BVBA |
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MILLENNIUM STAR BVBA |
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ETERNITY DIAMONDS NV |
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DIALANCO INTERNATIONAL BVBA |
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DINO FINE P/A 8E BTW CONTROLE BVBA |
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DIAMOND GROUP BVBA |
31/12/2010 |
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ALLADIAM MFG NV |
30/06/2010 |
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INDIAM BVBA |
31/12/2010 |
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AFRO LÉONE BVBA |
31/12/2010 |
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LEYBEL ELIELI BELGIUM BVBA |
31/12/2010 |
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INDEPENDENT DIAMANTAIRES ASSOCIATION VZW |
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KOMERY DIAMONDS BVBA |
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FIMA DIAMONDS BVBA |
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LUC VETS DIAMONDS NV |
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D'ORIGINE BVBA |
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D'ORIGINE INTERNATIONAL BVBA |
31/12/2005 |
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BARSAMIAN MANUFACTURING IN VEREFFENING NV |
31/12/2003 |
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HOPE BELGIUM NV |
30/06/2010 |
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CENJAL HOLDING BELGIUM NV |
31/12/2010 |
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HIPPIQUE NV |
31/12/2010 |
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RICHELIEU BVBA |
31/12/2010 |
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AVNINA GEMS BVBA |
31/03/2011 |
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A.T.GEMS INTERN. P/A BTW ANTW.8 BVBA |
31/12/2009 |
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DIABRO BVBA |
31/12/2010 |
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CHAPON JULES |
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DEKKER MAX |
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JOS URLIK & ZONEN FV |
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STEEN HENRI |
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BOGHOSSIAN JEAN |
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HIRSCHBERG MAXIME HENRI JOSÉ |
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MIRE EN STELLMAN |
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JEGER GEORGE |
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TABBOUCHE OVADIA ROBERT |
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APPEL LEVIA |
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MARTIN EDELSTEIN |
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CACCIOLA ROBERTO |
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GHESQUIÈRE GILBERTE IRIS |
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TRAU ARTHUR |
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BOGHOSSIAN GERARD LAURENT |
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REICHMANN HENRY |
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OKON DONALD |
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HEIREMANS JOZEF AUGUST |
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VAN MOPPES ARNOLD JACQUES |
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509318492 |
NAGNENSKY SYLVAIN |
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THORNE RICHARD |
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ABADJIAN OHANNES |
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D.A.H. DIAMONDS BVBA |
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GERETTI DIAMONDS ANTWERP BVBA |
31/12/2010 |
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EXELCO BOTSWANA BVBA |
31/12/2010 |
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DORIS DIAMOND INTERNATIONAL GCV |
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FUTURE GEMS BVBA |
30/09/2010 |
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DEX BVBA |
31/12/2010 |
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ISTANBOULLI & SONS BVBA |
31/12/2010 |
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RATNAKAR BVBA |
31/12/2010 |
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PERCEPT DIAMONDS BVBA |
31/12/2010 |
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833932556 |
DIAMOND COMPANY BVBA |
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833972049 |
KLP DIAMONDS BVBA |
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SUNRAYS BVBA |
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837977060 |
VEE & VEE DIAM BVBA |
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FOREVER DIAMONDS SPRL |
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GEMOLOGICAL SCIENCE INTERNATIONAL BVBA |
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859699815 |
VAK HOLDING BVBA |
31/12/2010 |
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R. C. M. BVBA |
31/12/2010 |
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860189961 |
ROUGH COMPANY BVBA |
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860248755 |
HOLDING SINCE 1789 NV |
31/12/2010 |
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EURODIAMONDS BVBA |
30/06/2011 |
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PODICKO DIAMONDS BVBA |
31/12/2010 |
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ADLER R. BVBA |
31/12/2010 |
|
864798154 |
D.P.DIAM BVBA |
31/12/2010 |
|
864995223 |
DIAMAZ INTERNATIONAL NV |
31/12/2010 |
|
866050840 |
ANGOLEONE BVBA |
31/12/2010 |
|
866077960 |
F.T.K . WORLDWIDE MFG BVBA |
31/12/2010 |
|
869936679 |
F. MOUAWAD BVBA |
31/12/2010 |
|
870077825 |
LA JOLLA TRADING NV |
31/12/2010 |
|
870927861 |
JA-DIAM BVBA |
31/12/2010 |
|
870950627 |
FAERBER DIAMOND BVBA |
31/12/2010 |
|
872381178 |
MY DEAR DIAMONDS BVBA |
31/12/2010 |
|
872909136 |
MANNAT ENTERPRISE IN VEREFFENING BVBA |
31/12/2009 |
|
876762313 |
SHRENUJ NV |
31/03/2011 |
|
877584932 |
D. OKON BVBA |
31/12/2010 |
|
880725653 |
ARCADIA DIAMONDS BVBA |
31/12/2010 |
|
880934697 |
SHUBH JEWELS BVBA |
31/12/2010 |
|
883900424 |
BELGIAN JEWELLERY MANUFACTURING BVBA |
31/12/2010 |
|
884871909 |
TIME STAR BVBA |
31/12/2010 |
|
886017497 |
BC HOLDING NV |
31/12/2010 |
|
888166939 |
LUMINAS BVBA |
31/12/2010 |
|
891846209 |
RSD BVBA |
31/12/2010 |
|
893075337 |
EXELCO SOURCING BVBA |
31/12/2010 |
|
894975250 |
S.R. DIAMOND BVBA |
31/12/2009 |
|
895044239 |
POLIGEM EUROPE BVBA |
31/12/2010 |
|
895792030 |
PAON BVBA |
31/12/2010 |
|
896897929 |
LENNO & CO BVBA |
31/12/2010 |
|
897156958 |
DIARAM BVBA |
31/12/2010 |
|
897260589 |
DIAMANTICA 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 |
454661071 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
Bankruptcy details
|
There is no bankruptcy data against this
company |
|
Court Data
|
there is no data for this company |
Current director details
|
Name |
JEAN-PAUL MEIJER TOLKOWSKY |
|
Position |
Managing Director |
|
Street |
36 VAN PUTLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
LIOR KUNSTLER |
|
Position |
Managing Director |
|
Street |
|
|
Post code |
|
|
Country |
Israël |
|
|
|
|
Name |
LIOR KUNSTLER |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
Israël |
|
|
|
|
Name |
EXELCO INTERNATIONAL LTD SOC. ETRANGERE |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
Mauritius |
|
|
|
|
Name |
FAZAL CHAUDRI |
|
Position |
Legal Representative |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
HENDRIK BARHOORN |
|
Position |
Legal Representative |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
SONA PILLAY |
|
Position |
Legal Representative |
|
Street |
|
|
Post code |
|
|
Country |
|
Former director details
|
Name |
GARY GUTFREUND |
|
Position |
Director |
|
Street |
8 HOF TER SCHRIECKLAAN ANTWERPEN |
|
Post code |
2600 |
|
Country |
Belgium |
|
|
|
|
Name |
EMMANUEL WEITMAN |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
Hong Kong |
|
Name |
EXELCO INTERNATIONAL LTD |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
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.53.34 |
|
UK Pound |
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
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 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.