|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZARFATI YANIV |
|
|
|
|
Registered Office : |
Maurice Leytensstraat 26, 2610 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Date of Incorporation : |
03.01.2006 |
|
|
|
|
Com. Reg. No.: |
878476540 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and other
precious stones |
|
|
|
|
no. of employees |
Not Available |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
|
Business number |
878476540 |
|
Concern name |
ZARFATI YANIV |
|
Address |
MAURICE LEYTENSSTRAAT 26 |
|
|
2610 ANTWERPEN |
|
Date of establishment |
03/01/2006 |
|
Telephone number |
032813821 |
|
Fax number |
- |
|
Business number |
878476540 |
Concern name |
ZARFATI YANIV |
|
Fax number |
- |
Date founded |
03/01/2006 |
|
Concern status |
active |
Concern type |
Proprietorship |
|
Currency |
Euro (€) |
Date of latest accounts |
- |
|
Activity code |
46761 |
liable for VAT |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0878.476.540 |
|
Belgian Bullettin of
Acts Publications |
moniteur belge |
|
|
Current director
details
|
Name |
YANIV ZARFATI |
|
Position |
Proprietor |
|
Start Date |
03/01/2006 |
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)
Protested bills
|
Drawee
name |
- |
|
Address |
- |
|
Bill
amount |
- |
|
Bill
currency |
- |
|
Maturity
of bill |
- |
|
Name
of drawer |
- |
|
City
of drawer |
- |
NSSO details
|
Business
number |
878476540 |
|
Name
of defendant |
- |
|
Legal
form of defendant |
- |
|
Date
of summons |
- |
|
Labour
court |
- |
Bankruptcy details
|
There is no bankruptcy data against this concern |
|
court data
|
there is no data for this concern |
Minority
Shareholders
|
No minority shareholders found |
Minority Interests
|
No minority interests found |
Payment
expectations
|
Past payments |
|
Payment
expectation days |
- |
|
Industry
average payment expectation days |
174.89 |
Industry
average day sales outstanding |
108.78 |
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment
expectation days |
- |
|
Day
sales outstanding |
- |
Industry
comparison
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious stones |
|
Industry
average payment expectation days |
174.89 |
|
Industry
average day sales outstanding |
108.78 |
Industry quartile
analysis
|
Payment
expectations |
|
|
Concern result |
- |
|
Lower |
121.46 |
|
Median |
73.03 |
|
Upper |
41.43 |
|
Day
sales outstanding |
|
|
Concern result |
- |
|
Lower |
105.52 |
|
Median |
54.72 |
|
Upper |
24.41 |
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
No group structure for this concern . |
Accounts &
ratios
|
No key Financials Registered |
There are no accounts on file for this
concern
Industry
comparison
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other precious stones |
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.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
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.