MIRA INFORM REPORT
|
Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIMEXON |
|
|
|
|
Registered Office : |
Hoveniersstraat 53
Antwerpen, Post Code 2018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
21.06.2005 |
|
|
|
|
Com. Reg. No.: |
874584266 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees
: |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
Business number |
874584266 |
Company name |
DIMEXON ANTWERP NV |
|
|
|
Telephone number |
0475924977 |
|
Address |
HOVENIERSSTRAAT 53 ANTWERPEN |
Fax number |
032137799 |
|
Post code |
2018 |
Number of staff |
11 |
|
Date of establishment |
21/06/2005 |
|
|
|
Business number |
874584266 |
Company name |
DIMEXON ANTWERP NV |
|
Fax number |
032137799 |
Date founded |
21/06/2005 |
|
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.0874.584.266 |
|
Belgian Bullettin of Acts Publications |
|
|
Current director
details
|
Name |
MIHIR RAMESHCHANDRA DIWAN |
|
Position |
Managing Director |
|
Date of birth |
25/01/1971 |
|
Street |
93 RINGLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
MIHIR RAMESHCHANDRA DIWAN |
|
Position |
Director |
|
Date of birth |
25/01/1971 |
|
Street |
93 RINGLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
VISHAL PANKAJ MEHTA |
|
Position |
Managing Director |
|
Street |
|
|
Post code |
|
|
Country |
United Arab Emirates |
|
|
|
|
Name |
VISHAL PANKAJ MEHTA |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
United Arab Emirates |
|
|
|
|
Name |
RAJ KOTHARI |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
PANKAJ KIRTILAL MEHTA |
|
Position |
Chairman of the Board |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
PANKAJ KIRTILAL MEHTA |
|
Position |
Managing Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
PANKAJ KIRTILAL MEHTA |
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
Former director
details
|
Name |
KAUSHIK KIRTILAL MEHTA |
|
Position |
Non Statutory Partner |
|
Street |
25 EEKHOORNLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJ PRAVIN KOTHARI |
|
Position |
Director |
|
Date of birth |
20/05/1966 |
|
Street |
97 INGENIEUR HAESAERTSLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJ PRAVIN KOTHARI |
|
Position |
Managing Director |
|
Date of birth |
20/05/1966 |
|
Street |
97 INGENIEUR HAESAERTSLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJIV PANKAJ MEHTA |
|
Position |
Director |
|
Street |
70 BEUKENLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJIV PANKAJ MEHTA |
|
Position |
Managing Director |
|
Street |
70 BEUKENLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJIV PANKAJ MEHTA |
|
Position |
Chairman of the Board |
|
Street |
70 BEUKENLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
Court data summary
|
Bankruptcy
details |
|
|
Court action
type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
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 |
|
Significant Events
|
Event Date |
11/01/2012 |
||
|
Event
Description |
proposal to change address filed |
||
|
Event Details |
|
|
|
|
Business number |
Company name |
|
% |
Date of accounts |
|
DIMEXON INTERNATIONAL HOLDING |
|
0.18 |
- |
Minority Interests
|
No minority interests found |
Individual
Shareholders
|
Shareholder Name |
|||
|
Forename |
Rajiv |
Middle name |
- |
|
Surname |
Mehta |
|
|
|
Shareholder
Details |
|||
|
Start date |
30/10/2008(estimated) |
End date |
- |
|
Percentage owned |
59.61% |
|
|
|
Shareholder
Address |
|||
|
Street name |
Beukenlaan |
House number |
70 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2020 |
Country |
Belgium |
|
Shareholder Name |
|||
|
Forename |
Pankaj |
Middle name |
- |
|
Surname |
Mehta |
|
|
|
Shareholder
Details |
|||
|
Start date |
30/10/2008(estimated) |
End date |
- |
|
Percentage owned |
40.20% |
|
|
|
Shareholder
Address |
|||
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
United Arab Emirates |
Payment
expectations
|
Past payments |
|
Payment expectation days |
40.94 |
|
Industry average payment expectation days |
188.87 |
Industry average day sales outstanding |
142.66 |
|
Day sales outstanding |
91.37 |
||
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment expectation days |
40.94 |
|
Day sales outstanding |
91.37 |
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
188.87 |
|
Industry average day sales outstanding |
142.66 |
Industry quartile
analysis
|
Payment expectations |
|
|
Company result |
40.94 |
|
Lower |
134.01 |
|
Median |
88.31 |
|
Upper |
47.10 |
|
|
|
|
Day sales outstanding |
|
|
Company result |
91.37 |
|
Lower |
116.43 |
|
Median |
62.37 |
|
Upper |
27.29 |
|
Group - Number
of Companies |
0 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
Group Structure
|
No group structure for this company. |
Profit & loss
|
Annual accounts |
31-12-2010 |
% |
31-12-2009 |
% |
31-12-2008 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
161,935,798 |
33.39 |
121,398,945 |
-23.55 |
158,803,935 |
47,572,529 |
240 |
|
Total operating expenses |
156,425,822 |
26.25 |
123,902,284 |
-21.25 |
157,336,373 |
46,964,357 |
233 |
|
Operating result |
5,509,976 |
220 |
-2,503,339 |
-270 |
1,467,562 |
208,739 |
2539 |
|
Total financial income |
72,876 |
356 |
15,948 |
-94.54 |
291,914 |
154,766 |
-52.91 |
|
Total financial expenses |
878,273 |
57.19 |
558,737 |
-7.32 |
602,849 |
304,919 |
188 |
|
Results on ordinary operations before taxation |
4,704,579 |
154 |
-3,046,129 |
-363 |
1,156,627 |
42,328 |
11014 |
|
Taxation |
55,102 |
1855 |
2,818 |
- |
- |
15,327 |
259 |
|
Results on ordinary operations after taxation |
4,649,477 |
152 |
-3,048,947 |
-363 |
1,156,627 |
31,927 |
14462 |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
9,575 |
-100 |
|
Other appropriations |
1 |
- |
0 |
- |
0 |
- |
- |
|
Net result |
4,649,478 |
152 |
-3,048,947 |
-363 |
1,156,627 |
41,496 |
11104 |
|
other
information |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
326,298 |
- |
|
Director remuneration |
- |
- |
- |
- |
- |
114,314 |
- |
|
Employee costs |
751,778 |
24.15 |
605,541 |
-35.14 |
933,584 |
144,796 |
419 |
|
Wages and salary |
578,310 |
32.89 |
435,193 |
-36.18 |
681,894 |
127,514 |
353 |
|
Employee pension costs |
- |
- |
- |
- |
- |
7,164 |
- |
|
Social security contributions |
145,233 |
22.67 |
118,395 |
-26.29 |
160,630 |
30,950 |
369 |
|
Other employee costs |
28,234 |
-45.65 |
51,953 |
-42.95 |
91,060 |
3,203 |
781 |
|
Amortization and depreciation |
256 |
- |
- |
- |
- |
20,740 |
-98.77 |
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 |
0 |
- |
0 |
- |
0 |
1,715 |
-100 |
|
Tangible fixed assets |
2,574,957 |
- |
- |
- |
- |
193,177 |
1232 |
|
Land & building |
2,569,576 |
- |
- |
- |
- |
361,650 |
610 |
|
Plant & machinery |
5,381 |
- |
- |
- |
- |
26,381 |
-79.60 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
27,276 |
-100 |
|
Financial fixed assets |
466 |
352 |
103 |
-30.87 |
149 |
311,705 |
-99 |
|
Total fixed assets |
2,575,423 |
2500310 |
103 |
-30.87 |
149 |
405,494 |
535 |
|
Inventories |
11,351,524 |
-0.17 |
11,370,861 |
-60.49 |
28,779,919 |
3,042,631 |
273 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
2,155,796 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,106 |
-100 |
|
Finished goods |
11,351,524 |
-0.17 |
11,370,861 |
-60.49 |
28,779,919 |
2,008,632 |
465 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
514,709 |
-100 |
|
Trade debtors |
40,538,520 |
36.72 |
29,650,709 |
-48.11 |
57,142,341 |
3,845,845 |
954 |
|
Cash |
3,104,487 |
381 |
645,009 |
-57.10 |
1,503,558 |
268,820 |
1054 |
|
other amounts receivable |
2,959,958 |
3683 |
78,240 |
-82.68 |
451,667 |
332,518 |
790 |
|
Miscellaneous current assets |
198,234 |
201 |
65,719 |
- |
0 |
40,806 |
385 |
|
Total current assets |
58,152,723 |
39.09 |
41,810,538 |
-52.42 |
87,877,485 |
7,026,679 |
727 |
|
current liabilities |
|||||||
|
Trade creditors |
17,544,154 |
77.16 |
9,903,107 |
-71.36 |
34,578,543 |
2,684,801 |
553 |
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Other short term loans |
20,991,912 |
34.66 |
15,588,486 |
-15.07 |
18,354,560 |
1,909,118 |
999 |
|
Miscellaneous current liabilities |
85,219 |
-32.34 |
125,948 |
-44.33 |
226,226 |
83.92 |
- - |
|
Total current liabilities |
38,621,285 |
50.76 |
25,617,541 |
-51.81 |
53,159,329 |
4,382,107 |
781 |
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term liabilities |
-1 |
- |
0 |
- |
0 |
724,322 |
-100 |
|
-1 |
- |
0 |
- |
0 |
1,316,576 |
-100 |
|
|
shareholders equity |
|||||||
|
Issued share capital |
19,855,384 |
7.81 |
18,417,434 |
-45.07 |
33,530,443 |
959,021 |
1970 |
|
Share premium account |
- |
- |
- |
- |
- |
183,372 |
- |
|
Reserves |
2,251,478 |
101 |
-2,224,334 |
-287 |
1,187,862 |
711,948 |
216 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
715,893 |
- |
|
Total shareholders equity |
22,106,862 |
36.52 |
16,193,100 |
-53.36 |
34,718,305 |
1,690,044 |
1208 |
|
Working capital |
19,531,438 |
20.62 |
16,192,997 |
-53.36 |
34,718,156 |
2,644,572 |
638 |
|
Net worth |
22,106,862 |
36.52 |
16,193,100 |
-53.36 |
34,718,305 |
1,688,329 |
1209 |
ratio analysis
|
Annual accounts |
31-12-2010 |
change(%) |
31-12-2009 |
change(%) |
31-12-2008 |
Industry average |
% |
|
Trading performance
|
|||||||
|
Profit Before Tax |
2.91 |
115 |
-2.51 |
-443 |
0.73 |
-2,00 |
145 |
|
Return on capital employed |
21.28 |
113 |
-18.81 |
-664 |
3.33 |
17,00 |
25.18 |
|
Return on total assets employed |
7.75 |
106 |
-7.29 |
-652 |
1.32 |
-79,00 |
9.81 |
|
Return on net assets employed |
21.28 |
113 |
-18.81 |
-664 |
3.33 |
18,00 |
18.22 |
|
Sales / net working capital |
8.29 |
10.53 |
7.50 |
64.11 |
4.57 |
37,00 |
-99 |
|
Stock turnover ratio |
7.01 |
-25.19 |
9.37 |
-48.29 |
18.12 |
63,00 |
-88.87 |
|
Debtor days |
91.37 |
2.49 |
89.15 |
-32.12 |
131.34 |
162,00 |
-43.60 |
|
Creditor days |
40.94 |
40.35 |
29.17 |
-63.64 |
80.22 |
164,00 |
-75.04 |
|
short term
stability |
|||||||
|
Current ratio |
1.51 |
-7.36 |
1.63 |
-1.21 |
1.65 |
8,00 |
-83.22 |
|
Liquidity ratio / acid ratio |
1.21 |
1.68 |
1.19 |
7.21 |
1.11 |
5,00 |
-75.80 |
|
Current debt ratio |
1.75 |
10.76 |
1.58 |
3.27 |
1.53 |
9,00 |
-80.56 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
Gearing |
94.96 |
-1.36 |
96.27 |
82.09 |
52.87 |
151,00 |
-37.11 |
|
Equity in percentage |
36.40 |
-6.02 |
38.73 |
-1.97 |
39.51 |
-1.529,00 |
2.38 |
|
Total debt ratio |
1.75 |
10.76 |
1.58 |
3.27 |
1.53 |
9,00 |
-80.56 |
Accounts &
ratios
|
Date of latest
accounts |
Turnover |
Profit Before
Tax |
Net worth |
|
31/12/2010 |
161,935,798 |
4,704,579 |
22,106,862 |
|
31/12/2009 |
121,398,945 |
-3,046,129 |
16,193,100 |
|
31/12/2008 |
158,803,935 |
1,156,627 |
34,718,305 |
|
Date of latest
accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of
Employees |
|
31/12/2010 |
60,728,146 |
466 |
19,855,384 |
3,104,487 |
11 |
|
31/12/2009 |
41,810,641 |
103 |
18,417,434 |
645,009 |
6 |
|
31/12/2008 |
87,877,634 |
149 |
33,530,443 |
1,503,558 |
8 |
Na
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
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417174729 |
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417528580 |
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417528580 |
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419122251 |
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419620317 |
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419746021 |
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419896568 |
ANTWERP DIAMOND EXPORT IN VEREFFENING BVBA |
31/12/2005 |
|
420170643 |
R O W DIAMOND MANUFACTURING CY IN VEREFFENING |
- |
|
420397505 |
MOHANKOR |
- |
|
420492228 |
GEM TRADING COMPANY BVBA |
31/12/2010 |
|
420958917 |
GEM TRADING JEWELLERY CORPORATIO IN VEREFFENING BV |
31/12/2008 |
|
421643063 |
DIAMAKOR BVBA |
- |
|
421691761 |
DIASTAR NV |
31/12/2010 |
|
421691761 |
DIASTAR NV |
31/12/2010 |
|
421691761 |
DIASTAR NV |
31/12/2010 |
|
421997807 |
DAWNYDIAM |
- |
|
422846952 |
A. FEJBUSCH DIAMONDS BVBA |
- |
|
423032638 |
COMPAGNIE DIAMANTAIRE ANVERSOISE PVBA IN VEREFFENI |
- |
|
423119938 |
STELMAN INTERNATIONAL DIAMOND DEALERS NV |
31/12/2008 |
|
423128153 |
CITY DIAMONDS IN VEREFFENING |
- |
|
423275831 |
PHIDIOR BVBA |
31/12/2010 |
|
423306119 |
N. SHAH & CO BVBA |
31/12/2010 |
|
424507434 |
EUROSTAR DIAMOND MANUFACTURING BVBA |
31/12/2002 |
|
425534347 |
EUROSTAR DIAMOND POLISHERS BVBA |
31/12/2005 |
|
426722695 |
EUROSTAR BEVEL BVBA |
31/12/2003 |
|
426722695 |
EUROSTAR BEVEL BVBA |
31/12/2003 |
|
429380002 |
COSMOPOLITAN DIAMONDS |
- |
|
429616463 |
FILDIAM BVBA |
31/12/2010 |
|
430000010 |
ALMAZI INTERNATIONAL BVBA |
31/12/2010 |
|
430693955 |
DIALAP ANTWERP BVBA |
31/12/1998 |
|
431637033 |
RIO TINTO DIAMONDS NV |
31/12/2010 |
|
435329169 |
DACAS B.V. BVBA |
31/12/2010 |
|
435467147 |
INTERNATIONAL DIAMOND DEALERS NV |
31/12/1998 |
|
435824166 |
R B DIAMANTSLIJPERIJ BVBA |
31/12/2010 |
|
436120512 |
MICKEY WEINSTOCK & CO NV |
31/12/2010 |
|
436120512 |
MICKEY WEINSTOCK & CO NV |
31/12/2010 |
|
436310354 |
SHAH IMEXPORT BVBA |
31/12/2010 |
|
436559782 |
DOCTOR DIAMOND NV |
30/06/2011 |
|
436561564 |
DIAMONDAX BVBA |
30/06/2011 |
|
437796236 |
VAN WAUWE DIAMONDS NV |
31/12/2010 |
|
437796236 |
VAN WAUWE DIAMONDS NV |
31/12/2010 |
|
439347444 |
MID BELGIUM BVBA |
31/12/2010 |
|
439347444 |
MID BELGIUM BVBA |
31/12/2010 |
|
439767910 |
ESPEKA JEWELS, IN VEREFFENING BVBA |
- |
|
440255680 |
WESTEL INTERNATIONAL NV |
- |
|
440709701 |
SANKET DIAMONDS BVBA |
31/12/2010 |
|
440710095 |
DIAMSTONES BVBA |
31/12/2010 |
|
441568051 |
DIAMOND CITY DEVELOPMENT COMPANY NV |
- |
|
442106796 |
REX MINING COMPANY NV |
31/03/2011 |
|
442820440 |
PINK STAR BVBA |
31/12/2010 |
|
443117279 |
EUROSTAR DIAMOND TRADERS NV |
31/12/2010 |
|
444382041 |
GEMASIA BVBA |
31/12/2010 |
|
447811485 |
SPORTS OF CLUB OF INDIA NV |
14/11/2010 |
|
448349341 |
TRAU BROS NV |
31/12/2010 |
|
448511865 |
PEGASUS DIAMONDS NV |
31/12/2010 |
|
448511865 |
PEGASUS DIAMONDS NV |
31/12/2010 |
|
448601046 |
SMOLENSK DIAMONDS NV |
31/12/2010 |
|
449043286 |
KEDIAM BVBA |
31/12/2010 |
|
449290637 |
RUSSDIAM NV |
31/12/1998 |
|
450211543 |
UNIVERSAL TRADERS NV |
30/09/2010 |
|
450425933 |
CH. FINKELSTEIN EN CO INDUSTRIAL DIVISION BVBA |
31/12/2010 |
|
451015158 |
EXCELLENT SLIJPERIJ IN VEREFFENING NV |
31/12/2002 |
|
451653279 |
ULTIMATE DIAMONDS BVBA |
31/12/2010 |
|
452005152 |
EURO JEWELLERY BVBA |
31/12/2010 |
|
452466891 |
ROSY BLUE SERVICES NV |
31/12/2010 |
|
452540929 |
STELDIAM NV |
31/12/2000 |
|
452844993 |
UBM DIAMONDS NV |
31/12/2010 |
|
455286623 |
MYRANI DIAMOND COMPANY IN VEREFFENING BVBA |
31/12/1998 |
|
455949785 |
PAME NV |
31/12/2010 |
|
457542664 |
V.T.REST SPRL |
31/12/2006 |
|
460132960 |
DRAGON DIAMOND TRADING IN VEREFFENING NV |
31/12/2000 |
|
460618950 |
PRIMESTAR NV |
31/12/2007 |
|
461038525 |
M 2 F JEWELRY COMPANY BVBA |
31/12/2010 |
|
461765926 |
SAGAR DIAM IN VEREFFENING EBVBA |
31/12/2005 |
|
463612686 |
D & L DIAMONDS BVBA |
31/12/2003 |
|
463862215 |
UNIVERSAL CORPORATION BVBA |
30/09/2010 |
|
465395310 |
MEGHDIAM BVBA |
31/12/2010 |
|
467087266 |
SAM DIAMONDS NV |
31/12/2010 |
|
467165064 |
CENTURY DIAMONDS BVBA |
31/12/2006 |
|
467166351 |
REX DIAMONDS NV |
31/03/2011 |
|
471702684 |
DIAMONDFLOOR.COM NV |
31/07/2010 |
|
472005661 |
THE LOVE DIAMOND COMPANY NV |
31/12/2010 |
|
472129187 |
N&S DIAMONDS BVBA |
31/12/2010 |
|
472227375 |
EUROSTAR INVESTMENTS NV |
31/12/2002 |
|
473008523 |
SHAILEY GEMS BVBA |
31/12/2010 |
|
473201632 |
MAUBOUSSIN DIAMONDS IN VEREFFENING NV |
31/12/2006 |
|
474070474 |
NATURAL DIAMOND CORPORATION NV |
31/12/2010 |
|
474131743 |
PASSION JEWELS BVBA |
31/12/2010 |
|
474451249 |
FACET DIAMONDS BVBA |
31/12/2010 |
|
475260309 |
IMMO GEM INVEST NV |
30/06/2011 |
|
475376709 |
DIAMOND INTERNATIONAL EBVBA |
31/12/2010 |
|
475395713 |
KIMI INTERNATIONAL IN VEREFFENING BVBA |
31/12/2010 |
|
477718466 |
A-STAR BELGIUM BVBA |
31/12/2010 |
|
478124678 |
DHRUV STAR BVBA |
31/12/2010 |
|
478160807 |
PUNTO BVBA |
31/12/2010 |
|
479419827 |
SELECT JEWELLERY BVBA |
31/12/2010 |
|
479736561 |
L.I.D.BELGIUM IN VEREFFENING BVBA |
31/12/2006 |
|
480298468 |
ALHAMBRA NV |
30/06/2011 |
|
480762385 |
STAR EXCEL BVBA |
31/12/2009 |
|
503389616 |
COHEN FREDERIK |
- |
|
506243790 |
ZAIDMAN JACQUES EN JOZEF |
- |
|
506351183 |
UNGER DAVID |
- |
|
506401564 |
NISSIM AMOS |
- |
|
506465704 |
VAN GHELDER ANDRÉ CONSTANCE L |
- |
|
506485894 |
GOOVAERTS EMIEL HUBERT |
- |
|
506502029 |
LIBERMENSZ SERGE ALAIN |
- |
|
506506482 |
SUSSWEIN LÉON |
- |
|
506507967 |
KOHLEN TESSA SAMUEL |
- |
|
506511333 |
VAN GHELDER ANDRÉ CONSTANCE |
- |
|
509682639 |
HANDELSMAN NEUMIE |
- |
|
511075182 |
ZELDENRUST MAX |
- |
|
512773276 |
POLAKIEWICZ CHAIM |
- |
|
512775454 |
BLITS RONALD SAMUEL LEOPOLD |
- |
|
817289534 |
YDI (BELGIUM) BVBA |
31/12/2010 |
|
817647147 |
FIRESTAR DIAMOND BVBA |
31/03/2011 |
|
818155705 |
GM DIAMONDS BVBA |
31/12/2010 |
|
819093239 |
BHAVYA BVBA |
31/12/2010 |
|
820308709 |
CORDMAX TRADING (ANTWERP) BVBA |
31/12/2010 |
|
824078247 |
TRILLION STAR BVBA |
31/12/2010 |
|
825630445 |
THE BEAN COMPANY BVBA |
- |
|
826601930 |
AGNOLEX BVBA |
30/06/2011 |
|
830908730 |
ARKOT DIAMONDS BVBA |
- |
|
831228137 |
PROJECT PELIKAANSTRAAT NV |
- |
|
861945958 |
TACHE ENTERPRISES CVA |
31/12/2010 |
|
866044209 |
AGL PEARLS BVBA |
31/12/2010 |
|
866347679 |
STELMAN JEWELRY BVBA |
31/12/2010 |
|
874577041 |
INTERGOLD EUROPE NV |
31/08/2010 |
|
875128060 |
DIAMONDS DREAMS BVBA |
31/12/2010 |
|
884322769 |
OCARAT IN VEREFFENING BVBA |
31/12/2007 |
|
887002246 |
ABB SUGAR FREE NV |
- |
|
887002741 |
BHANSALI EQUITIES BELGIUM IN VEREFFENING NV |
31/12/2009 |
|
896896444 |
J & R JEWELLERY BVBA |
31/12/2010 |
|
899795457 |
PRIVATE DIAMOND CLUB BVBA |
31/07/2010 |
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.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
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.