|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
04.02.1975 |
|
|
|
|
Com. Reg. No.: |
414865337 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE
OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees : |
30 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 1.8%, the unemployment rate decreased slightly to 7.2%
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 and 3.3% in 2012. Fourth quarter
GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative
growth. This brought economic growth for the whole of 2012 to negative 0.2%. It
also left Belgium on the brink of a possible recession at the end of 2012. However,
at year''s end, the government appeared close to meeting its 2012 budget
deficit goal of 3% of GDP. Despite the relative improvement in Belgium''s
budget deficit, public debt hovers around 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
retail arm of a Franco-Belgian bank.
|
Source
: CIA |
|
Company name |
DIAROUGH NV |
|
Address |
HOVENIERSSTRAAT 30 |
|
|
2018 ANTWERPEN |
|
Telephone number |
032342424 |
|
Fax number |
032323931 |
Current director
details
|
Name |
|
|
Position |
Legal Representative |
|
Start Date |
01/10/2010 |
|
Date of birth |
15/07/1996 |
|
Street |
30 HOVENIERSSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
01/10/2010 |
|
Date of birth |
15/07/1996 |
|
Street |
30 HOVENIERSSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
16/07/2003 |
|
Street |
8 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
01/01/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
Former director details
|
Name |
|
|
Position |
Chairman of the Board |
|
Start Date |
10/05/1996 |
|
End Date |
- |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
01/07/2008 |
|
End Date |
- |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
16/07/2003 |
|
End Date |
- |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
17/11/2010 |
|
End Date |
30/09/2010 |
|
Street |
5 HAGEDOORNLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
17/11/2010 |
|
End Date |
30/09/2010 |
|
Street |
5 HAGEDOORNLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start Date |
18/10/2007 |
|
End Date |
- |
|
Street |
5 HAGEDOORNLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing Director |
|
Start Date |
16/07/2003 |
|
End Date |
- |
|
Street |
8 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
\csukserver01002INT'L CREDIT
REPORT2013.06.00servicescompany_searchcourt_data.aspx?CompanyNumber=414865337Court
data summary
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
|
Business number |
414865337 |
Company name |
DIAROUGH NV |
|
Fax number |
032323931 |
Date founded |
04/02/1975 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2011 |
|
Activity code |
46761 |
liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0414.865.337 |
|
Belgian Bullettin of Acts Publications |
|
|
Contractor details Check Article 30 Bis
|
Registered contractor number |
- |
||
|
Contractor description |
- |
||
|
Date struck off register |
|
|
|
NSSO details
|
Business number |
414865337 |
|
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 |
Minority
Shareholders
|
No minority shareholders found |
Minority Interests
|
Business number |
Company name |
% |
Date of accounts |
|
25 |
31/12/2011 |
\csukserver01002INT'L CREDIT
REPORT2013.06.00servicescompany_searchpayment_information.aspx?CompanyNumber=414865337Payment
expectations
|
Past payments |
|
Payment expectation days |
0.56 |
|
Industry average payment expectation days |
175.25 |
Industry average day sales outstanding |
109.66 |
|
Day sales outstanding |
1.41 |
||
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 |
0.56 |
|
Day sales outstanding |
1.41 |
Industry comparison
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
|
Industry average payment expectation days |
175.25 |
|
Industry average day sales outstanding |
109.66 |
Industry quartile analysis
|
Payment expectations |
|
|
Company result |
0.56 |
|
Lower |
121.46 |
|
Median |
73.49 |
|
Upper |
41.43 |
|
Day sales outstanding |
|
|
Company result |
1.41 |
|
Lower |
105.52 |
|
Median |
54.63 |
|
Upper |
24.45 |
Summary
|
Group - Number of Companies |
0 |
|
Linkages - Number of Companies |
0 |
|
Number of Countries |
0 |
Group Structure
|
No group structure for this company. |
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2011 |
766,792,523 |
1,957,505 |
44,676,362 |
3,358,429 |
|
31/12/2010 |
620,367,793 |
2,023,457 |
41,938,651 |
2,002,113 |
|
31/12/2009 |
474,239,270 |
411,864 |
37,633,878 |
1,306,747 |
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2011 |
50,482,159 |
30 |
11,741,108 |
1,736,539 |
|
31/12/2010 |
48,947,485 |
30 |
11,368,929 |
1,822,752 |
|
31/12/2009 |
45,941,776 |
36 |
10,545,578 |
735,886 |
Profit & loss
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
766,792,523 |
23.60 |
620,367,793 |
30.81 |
474,239,270 |
49,567,599 |
1446 |
|
Total operating expenses |
764,948,902 |
23.53 |
619,221,401 |
31.02 |
472,604,541 |
48,933,721 |
1463 |
|
1,843,621 |
60.82 |
1,146,392 |
-29.87 |
1,634,729 |
238,043 |
674 |
|
|
629,748 |
-56.58 |
1,450,469 |
442 |
267,300 |
148,968 |
322 |
|
|
515,864 |
-10.03 |
573,405 |
-61.52 |
1,490,164 |
287,213 |
79.61 |
|
|
1,957,505 |
-3.26 |
2,023,457 |
391 |
411,864 |
84,424 |
2218 |
|
|
636,121 |
-3.89 |
661,901 |
266 |
180,695 |
37,970 |
1575 |
|
|
1,321,384 |
-2.95 |
1,361,556 |
488 |
231,169 |
59,148 |
2134 |
|
|
0 |
- |
0 |
-100 |
66,766 |
3,209 |
-100 |
|
|
-1 |
0 |
-1 |
- |
0 |
- |
- |
|
|
1,321,383 |
-2.95 |
1,361,555 |
356 |
297,935 |
62,241 |
2023 |
|
|
other information |
|||||||
|
- |
- |
- |
- |
2,066,045 |
147,735 |
- |
|
|
- |
- |
- |
- |
652,241 |
115,275 |
- |
|
|
2,099,644 |
3.16 |
2,035,236 |
-15.72 |
2,414,823 |
127,998 |
1540 |
|
|
1,560,646 |
3.96 |
1,501,170 |
-17.23 |
1,813,726 |
108,777 |
1334 |
|
|
19,641 |
- |
17,412 |
- |
19,274 |
8,542 |
129 |
|
|
465,176 |
1.23 |
459,519 |
-12.24 |
523,623 |
27,123 |
1615 |
|
|
54,181 |
-5.17 |
57,135 |
-1.83 |
58,200 |
3,600 |
1405 |
|
|
415,156 |
-9.98 |
461,197 |
5.31 |
437,951 |
18,413 |
2154 |
|
Balance sheet
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
61,463 |
- |
101,542 |
- |
98,765 |
1,461 |
4106 |
|
|
1,649,859 |
-11.34 |
1,860,843 |
-4.88 |
1,956,388 |
177,242 |
830 |
|
|
870,391 |
-3.27 |
899,837 |
1.38 |
887,576 |
346,034 |
151 |
|
|
755,379 |
-18.66 |
928,643 |
-9.95 |
1,031,283 |
21,796 |
3365 |
|
|
24,089 |
-25.57 |
32,363 |
-13.77 |
37,529 |
24,582 |
-2.01 |
|
|
40,453,778 |
3.31 |
39,159,279 |
7.82 |
36,318,495 |
276,060 |
14553 |
|
|
42,165,100 |
2.54 |
41,121,663 |
7.16 |
38,373,648 |
362,860 |
11520 |
|
|
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
3,063,024 |
-61.10 |
|
|
- |
- |
- |
- |
- |
4,101,634 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,458 |
-100 |
|
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
2,045,298 |
-41.75 |
|
|
0 |
- |
0 |
- |
0 |
471,192 |
-100 |
|
|
2,959,430 |
118 |
1,353,965 |
-55.16 |
3,019,594 |
3,929,112 |
-24.68 |
|
|
Cash |
963,012 |
-40.67 |
1,623,197 |
44.83 |
1,120,765 |
239,216 |
302 |
|
2,954,447 |
-8.50 |
3,228,915 |
66.46 |
1,939,708 |
244,784 |
1106 |
|
|
248,801 |
-46.63 |
466,141 |
209 |
150,488 |
21,369 |
1064 |
|
|
8,317,059 |
6.28 |
7,825,822 |
3.40 |
7,568,128 |
6,980,828 |
19.14 |
|
|
current liabilities |
|||||||
|
1,174,215 |
-19.07 |
1,450,815 |
-37.42 |
2,318,161 |
2,820,279 |
-58.37 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
341,320 |
-0.03 |
341,431 |
-48.45 |
662,285 |
1,891,909 |
-81.96 |
|
|
3,443,095 |
-14.59 |
4,031,463 |
22.88 |
3,280,935 |
830 |
- - |
|
|
4,958,630 |
-14.85 |
5,823,709 |
-6.99 |
6,261,381 |
4,963,567 |
-0.10 |
|
|
Long term debts |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
785,704 |
-27.49 |
1,083,584 |
-22.11 |
1,391,230 |
-31.68 |
- - |
|
Other long term liabilities |
0 |
0 |
-1 |
-100 |
556,522 |
142,775 |
-100 |
|
785,704 |
-27.49 |
1,083,583 |
-44.37 |
1,947,752 |
598,045 |
31.38 |
|
|
shareholders equity |
|||||||
|
11,741,108 |
3.27 |
11,368,929 |
7.81 |
10,545,578 |
1,020,482 |
1050 |
|
|
9,722 |
3.28 |
9,413 |
7.80 |
8,732 |
108,219 |
-91.02 |
|
|
32,986,995 |
7.58 |
30,661,851 |
12.82 |
27,178,333 |
696,305 |
4637 |
|
|
- |
- |
- |
- |
- |
815,555 |
- |
|
|
Total shareholders equity |
44,737,825 |
6.42 |
42,040,193 |
11.42 |
37,732,643 |
1,738,093 |
2473 |
|
3,358,429 |
67.74 |
2,002,113 |
53.21 |
1,306,747 |
2,017,261 |
66.48 |
|
|
1,736,539 |
-4.73 |
1,822,752 |
147 |
735,886 |
77,414 |
2143 |
|
|
44,676,362 |
6.53 |
41,938,651 |
11.44 |
37,633,878 |
1,736,632 |
2472 |
|
Ratio analysis
|
Annual accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry average |
% |
|
Trading performance |
|||||||
|
Profit Before Tax |
0.26 |
-21.21 |
0.33 |
266 |
0.09 |
-740,00 |
0.04 |
|
4.30 |
-8.32 |
4.69 |
350 |
1.04 |
-14,00 |
30.71 |
|
|
3.88 |
-6.05 |
4.13 |
358 |
0.90 |
-33,00 |
11.76 |
|
|
4.38 |
-8.94 |
4.81 |
341 |
1.09 |
-12,00 |
36.50 |
|
|
228.32 |
-26.32 |
309.86 |
-14.62 |
362.92 |
66,00 |
-99 |
|
|
0.16 |
-15.79 |
0.19 |
-32.14 |
0.28 |
67,00 |
-99 |
|
|
1.41 |
76.25 |
0.80 |
-65.52 |
2.32 |
57.718,00 |
-99 |
|
|
0.56 |
-34.88 |
0.86 |
-51.96 |
1.79 |
327,00 |
-99 |
|
|
short term stability |
|||||||
|
1.68 |
25.37 |
1.34 |
10.74 |
1.21 |
4,00 |
-90.67 |
|
|
1.44 |
25.22 |
1.15 |
15.00 |
1 |
3,00 |
-52.00 |
|
|
0.11 |
-21.43 |
0.14 |
-17.65 |
0.17 |
18,00 |
-99 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term stability |
|||||||
|
2.52 |
-25.66 |
3.39 |
-37.68 |
5.44 |
264,00 |
-99 |
|
|
88.73 |
3.09 |
86.07 |
4.57 |
82.31 |
-1.077,00 |
8.24 |
|
|
0.13 |
-18.75 |
0.16 |
-27.27 |
0.22 |
19,00 |
-99 |
|
N/a
|
Number of staff |
30 |
|
Date of establishment |
04/02/1975 |
Personnel (NSSO
classification)
|
Code |
- |
|
Description |
FROM 20 TO 49 EMPLOYEES |
Joint Industrial Committee (JIC)
Significant Events
|
Event Date |
09/06/2008 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 09-06-2008: Herbenoeming van volgende bestuurders en
gedelegeerd bestuurders: vanaf 9 mei 2008: Nishit Parikh en Saurin Parikh. |
|
Event Date |
03/09/2010 |
|
Event Description |
|
|
Event Details |
Beslissing om het mandaat van Parikh Saurin als
bestuurder en gedelegeerd bestuurder onbezoldigd te maken vanaf 31/08/2010. |
Commentary
|
The business was established over 38 years ago. |
|
The business has 20 employees. |
|
The business has been at the address for over 22 years. |
|
The credit rating for this business has increased from 70 to 100. |
|
The credit limit for this business has increased from €3300000 to
€5000000. |
|
Operating Result in the latest trading period increased 60% on the
previous trading period. |
|
The business saw a decrease in their Cash Balance of 40% during the
latest trading period. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.