MIRA
INFORM REPORT
|
Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND TRADING NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
27.07.1995 |
|
|
|
|
Com. Reg. No.: |
455632655 |
|
|
|
|
Legal Form : |
Liability Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE
OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees : |
5 |
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 : |
Good |
|
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 |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7%
from 8.3% the previous year, and the government reduced the budget deficit from
a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement
in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian arm of a Franco-Belgian bank. An ageing population and rising
social expenditures are mid- to long-term challenges to public finances.
|
Source
: CIA |
Company details
Business
number 455632655
Company
name DIAMOND
TRADING NV
Telephone
number 032343201
Address
PELIKAANSTRAAT
62
ANTWERPEN
Fax
number 032336814
Post
code 2018
Number
of staff 5
Date
of establishment 27/07/1995
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 |
|
30/06/2011 |
200,756,787 |
2,162,579 |
18,534,596 |
|
31/12/2009 |
79,410,537 |
514,040 |
17,250,461 |
|
31/12/2008 |
91,039,394 |
416,404 |
16,859,050 |
Accounts & ratios
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
INVESTMENTS |
CAPITAL |
CASH
FLOW |
NUMBER
OF EMPLOYEES |
|
30/06/2011 |
44,575,732 |
183,792 |
348,290 |
26,776 |
5 |
|
31/12/2009 |
39,499,386 |
180,133 |
348,290 |
3,619 |
3 |
|
31/12/2008 |
31,573,667 |
180,195 |
348,290 |
803,984 |
4 |
Trends
|
Profitability |
|
|
Liquidity |
^ |
|
Net
worth |
|
Payment expectations
|
Past
payments |
|
Payment
expectation days |
6.09 |
|
Industry
average payment |
199.45 |
Industry
average day sales |
122.31 |
|
expectation
days |
outstanding |
|
Day
sales outstanding |
49.57 |
Court data summary
|
|
|
BANKRUPTCY
DETAILS |
|
|
Court
action type |
no |
|
PROTESTED
BILLS |
|
|
Bill
amount |
- |
|
NSSO
DETAILS |
|
|
Date
of summons |
- |
|
Business
number |
455632655 Company
name DIAMOND
TRADING NV |
|
Fax
number |
032336814 Date
founded 27/07/1995 |
|
Company
status |
active Company
type Public
Limited Liability Company (BE) |
|
Currency |
Euro(€) Date
of latest accounts 30/06/2011 |
|
Activity
code |
46761 liable
for VAT yes |
|
Activity
description |
Wholesale
ofdiamonds andother VATNumber
BE.0455.632.655 precious stones |
|
Belgian
Bullettin ofActs Publications |
moniteur
beige |
|
Contractor
details |
Check
Article 30 Bis |
|
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 |
28/12/2010 |
|
Event
Description |
|
|
Event
Details |
De
vergadering heeft besloten de aandelen aan toonder om te zetten in aandelen
op naam. |
Profit & loss
|
Annual
accounts |
30-06-2011 |
% |
31-12-2009 |
% |
31-12-2008 |
Industry
average 2011 |
% |
|
Weeks |
78 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
200,756,787 |
152 |
79,410,537 |
-12.77 |
91,039,394 |
63,209,390 |
217 |
|
Total
operating expenses |
196,808,589 |
156 |
76,703,235 |
-16.16 |
91,486,270 |
62,272,490 |
216 |
|
Operating
result |
3,948,198 |
45.84 |
2,707,301 |
605 |
-446,876 |
335,585 |
1076 |
|
Total
financial income |
161,331 |
136 |
68,247 |
-95.53 |
1,525,421 |
180,532 |
-10.64 |
|
Total
financial expenses |
1,946,950 |
-13.91 |
2,261,508 |
241 |
662,141 |
365,515 |
432 |
|
Results
on ordinary operations before taxation |
2,162,579 |
320 |
514,040 |
23.45 |
416,404 |
132,100 |
1537 |
|
Annual
accounts |
30-06-2011 |
% |
31-12-2009 |
% |
31-12-2008 |
Industry
average 2011 |
% |
|
Weeks |
78 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
193,689 |
- |
0 |
- |
0 |
2,395 |
7987 |
|
Tangible
fixed assets |
204,590 |
198 |
68,479 |
-31.31 |
99,699 |
215,051 |
-4.86 |
|
Land
& building |
- |
- |
- |
- |
- |
391,155 |
- |
|
Plant
& machinery |
6,362 |
12.20 |
5,670 |
-62.34 |
15,057 |
29,510 |
-78.44 |
|
Other
tangible assets |
198,228 |
215 |
62,809 |
-25.80 |
84,642 |
32,524 |
509 |
|
Financial
fixed assets |
183,792 |
2.03 |
180,133 |
-0.03 |
180,195 |
373,010 |
-50.73 |
|
Total
fixed assets |
582,072 |
134 |
248,611 |
-11.18 |
279,894 |
475,935 |
22.30 |
|
Inventories |
15,541,051 |
67.54 |
9,275,907 |
-40.39 |
15,560,361 |
3,351,280 |
363 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
3,184,382 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
3,119 |
-100 |
|
Finished
goods |
15,541,051 |
67.54 |
9,275,907 |
-40.39 |
15,560,361 |
2,259,938 |
587 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
499,662 |
-100 |
|
Trade
debtors |
27,266,135 |
-6.48 |
29,154,643 |
104 |
14,238,442 |
4,377,504 |
522 |
|
Cash |
26,776 |
639 |
3,619 |
-99 |
803,984 |
318,063 |
-91.58 |
|
other
amounts receivable |
1,153,087 |
48.33 |
777,387 |
15.09 |
675,434 |
476,906 |
141 |
|
Miscellaneous
current assets |
6,611 |
-83.14 |
39,219 |
152 |
15,552 |
49,009 |
-86.51 |
|
Total
current assets |
43,993,660 |
12.08 |
39,250,775 |
25.43 |
31,293,773 |
8,014,628 |
448 |
|
CURRENT
LIABILITIES |
|||||||
|
Trade
creditors |
3,281,377 |
119 |
1,496,616 |
-82.98 |
8,794,451 |
2,721,511 |
20.57 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Other
short term loans |
21,800,451 |
5.56 |
20,651,469 |
254 |
5,828,991 |
2,561,873 |
750 |
|
Miscellaneous
current liabilities |
765,619 |
659 |
100,840 |
10.60 |
91,175 |
94.03 |
-- |
|
Total
current liabilities |
25,847,446 |
16.17 |
22,248,925 |
51.20 |
14,714,617 |
5,556,411 |
365 |
|
LONG
TERM DEBTS |
|||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
Other
long term loans |
- |
- |
- |
- |
- |
- |
-- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
319,737 |
-100 |
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
1,006,508 |
-100 |
|
SHAREHOLDERS
EQUITY |
|||||||
|
Issued
share capital |
348,290 |
0 |
348,290 |
0.00 |
348,290 |
1,005,132 |
-65.35 |
|
Share
premium account |
- |
- |
- |
- |
- |
185,123 |
- |
|
Reserves |
18,379,995 |
8.74 |
16,902,171 |
2.37 |
16,510,760 |
840,667 |
2086 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
782,896 |
- |
|
Total
shareholders equity |
18,728,286 |
8.57 |
17,250,461 |
2.32 |
16,859,050 |
1,874,499 |
899 |
|
Working
capital |
18,146,214 |
6.73 |
17,001,850 |
2.55 |
16,579,156 |
2,458,217 |
638 |
|
Net
worth |
18,534,596 |
7.44 |
17,250,461 |
2.32 |
16,859,050 |
1,872,104 |
890 |
|
Results
on ordinary operations after taxation |
1,477,824 |
277 |
391,411 |
21.26 |
322,788 |
101,851 |
1350 |
|
Extraordinary
items |
0 |
- |
0 |
0 |
-826,790 |
9,147 |
-100 |
|
Other
appropriations |
0.00 |
- |
0 |
- |
0 |
- |
- |
|
Net
result |
1,477,824 |
277 |
391,411 |
77.66 |
-504,002 |
110,989 |
1231 |
|
OTHER
INFORMATION |
|||||||
|
Dividends |
- |
- |
- |
- |
- |
137,001 |
- |
|
Director
remuneration |
149,193 |
51.80 |
98,281 |
2.47 |
95,910 |
141,123 |
5.72 |
|
Employee
costs |
549,791 |
62.37 |
338,603 |
2.48 |
330,421 |
181,198 |
203 |
|
Wages
and salary |
435,962 |
65.29 |
263,760 |
3.29 |
255,350 |
153,279 |
184 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
8,542 |
- |
|
Social
security contributions |
101,638 |
50.73 |
67,431 |
0.14 |
67,337 |
38,324 |
165 |
|
Other
employee costs |
12,191 |
64.47 |
7,413 |
-4.16 |
7,734 |
5,408 |
125 |
|
Amortization
and depreciation |
45,677 |
41.41 |
32,300 |
-5.66 |
34,238 |
22,511 |
102 |
|
back
to top |
|||||||
Balance sheet
|
Annual
accounts |
30-06-2011 |
change(%) |
31-12-2009 |
change(%) |
31-12-2008 |
Industry
average 2011 |
% |
|
TRADING
PERFORMANCE |
|||||||
|
Profit
Before Tax |
1.08 |
66.15 |
0.65 |
41.30 |
0.46 |
0,00 |
- |
|
Return
on capital employed |
11.55 |
287 |
2.98 |
20.65 |
2.47 |
-28,00 |
41.25 |
|
Return
on total assets employed |
4.85 |
273 |
1.30 |
-1.52 |
1.32 |
-28,00 |
17.32 |
|
Return
on net assets employed |
11.55 |
287 |
2.98 |
20.65 |
2.47 |
-38,00 |
30.39 |
|
Sales
/ net working capital |
11.06 |
136 |
4.67 |
-14.94 |
5.49 |
72,00 |
-99 |
|
Stock
turnover ratio |
7.74 |
-33.73 |
11.68 |
-31.66 |
17.09 |
45,00 |
-82.80 |
|
Debtor
days |
49.57 |
-63.01 |
134.01 |
134 |
57.09 |
122,00 |
-59.37 |
|
Creditor
days |
6.09 |
-14.47 |
7.12 |
-79.71 |
35.09 |
125,00 |
-95.13 |
|
SHORT
TERM STABILITY |
|||||||
|
Current
ratio |
1.70 |
-3.41 |
1.76 |
-17.37 |
2.13 |
5,00 |
-91.05 |
|
Liquidity
ratio / acid ratio |
1.10 |
-18.52 |
1.35 |
26.17 |
1.07 |
3,00 |
-63.33 |
|
Current
debt ratio |
1.38 |
6.98 |
1.29 |
48.28 |
0.87 |
19,00 |
-92.74 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|||||||
|
Gearing |
116.40 |
-2.77 |
119.72 |
246 |
34.57 |
300,00 |
-61.20 |
|
Equity
in percentage |
42.20 |
-3.37 |
43.67 |
-18.22 |
53.40 |
-1.306,00 |
3.23 |
|
Total
debt ratio |
1.38 |
6.98 |
1.29 |
48.28 |
0.87 |
20,00 |
-93.10 |
Rating History
no rating history data found
Limit History
no limit history data found
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 |
6.09 |
|
Day
sales outstanding |
49.57 |
|
Industry
comparison |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
|
Industry
average payment expectation days |
199.45 |
|
Industry
average day sales outstanding |
122.31 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
View
graph |
|
Company
result |
6.09 |
|
Lower |
132.50 |
|
Median |
80 |
|
Upper |
42.51 |
|
|
|
|
Day
sales outstanding |
View
graph |
|
Company
result |
49.57 |
|
Lower |
109.24 |
|
Median |
57.64 |
|
Upper |
24.94 |
|
|
|
Summary
|
Group
- Number of Companies |
0 |
|
Linkages
- Number of Companies |
0 |
|
Number
of Countries |
0 |
Group Structure
Click the company to view /
order a report. No group structure for this company.
Minority Shareholders
No minority shareholders
found
Minority Interests
No
minority interests found
|
Start
date |
27/07/1995 |
End
date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Hemelrijk |
House
number |
91 |
|
Minor
town |
- |
Postal
town |
Essen |
|
Post
code |
2910 |
Country |
Belgium |
|
|
|||
|
|
|||
|
SHAREHOLDER
NAME |
|||
|
Forename |
Daniel |
Middle
name |
Francis |
|
Surname |
De
Belder |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
27/07/1995 |
End
date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Hemelrijk |
House
number |
93 |
|
Minor
town |
- |
Postal
town |
Essen |
|
Post
code |
2910 |
Country |
Belgium |
|
|
|||
|
|
|||
|
SHAREHOLDER
NAME |
|||
|
Forename |
Philippe |
Middle
name |
Julia |
|
Surname |
Zeldenrust |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
27/07/1995 |
End
date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
PB |
House
number |
7439 |
|
Minor
town |
- |
Postal
town |
KINSHASA |
|
Post
code |
- |
Country |
Congo |
Summary
|
Bill
amount |
- |
|
Bill
currency |
- |
|
Maturity
of bill |
- |
|
Name
of drawer |
- |
|
City
of drawer |
- |
|
NSSO
details |
|
|
Business
number |
455632655 |
|
Name
of defendant |
- |
|
Legal
form of defendant |
- |
|
□ate
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-LOUIS
MARIE JOSEPH VAN STRYDONCK |
|
Position |
Managing
Director |
|
Street |
91
HEMELRIJK ESSEN |
|
Post
code |
2910 |
|
Country |
Belgium |
|
|
|
|
Name |
JEAN-LOUIS
MARIE JOSEPH VAN STRYDONCK |
|
Position |
Director |
|
Street |
91
HEMELRIJK ESSEN |
|
Post
code |
2910 |
|
Country |
Belgium |
|
|
|
|
Name |
DANIEL
BORIS FRANCIS DE BELDER |
|
Position |
Managing
Director |
|
Street |
93
HEMELRIJK ESSEN |
|
Post
code |
2910 |
|
Country |
Belgium |
|
|
|
|
Name |
DANIEL
BORIS FRANCIS DE BELDER |
|
Position |
Director |
|
Street |
93
HEMELRIJK ESSEN |
|
Post
code |
2910 |
|
Country |
Belgium |
|
|
|
|
Name |
JEAN-LOUIS
VAN STRIJDONCK |
|
Position |
Managing
Director |
|
Street |
91
HEMELRIJK ESSEN |
|
Post
code |
2910 |
|
Country |
Belgium |
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.54.72 |
|
|
1 |
Rs.88.60 |
|
Euro |
1 |
Rs.71.34 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.