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Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
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Name : |
DIAROUGH SOURCING SA |
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Registered Office : |
12F, Rue Guillaume Kroll, 1882 Luxembourg |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.11.2004 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Wholesale of other household goods Management activities of holding companies |
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No. of Employees : |
01 employee |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Luxembourg |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Luxembourg – ECONOMIC OVERVIEW
This small, stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - has historically featured solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than compensated for the decline in steel. Most banks are foreign-owned and have extensive foreign dealings, but Luxembourg has lost some of its advantages as a tax haven because of OECD and EU pressure. The economy depends on foreign and cross-border workers for about 60% of its labor force. Luxembourg, like all EU members, suffered from the global economic crisis that began in late 2008, but unemployment has trended below the EU average. Following strong expansion from 2004 to 2007, Luxembourg's economy contracted 3.6% in 2009, but rebounded in 2010-11. The country continues to enjoy an extraordinarily high standard of living - GDP per capita ranks among the highest in the world, and is the highest in the euro zone. Turmoil in the world financial markets and lower global demand during 2008-09 prompted the government to inject capital into the banking sector and implement stimulus measures to boost the economy. Government stimulus measures and support for the banking sector, however, led to a 5% government budget deficit in 2009. Nevertheless, the deficit was cut to 1.1% in 2011. Even during the financial crisis and recovery, Luxembourg retained the highest current account surplus as a share of GDP in the euro zone, owing largely to their strength in financial services. Public debt remains among the lowest of the region although it has more than doubled since 2007 as percentage of GDP.
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Source : CIA |
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NCI Business Center, 20 Rue Eugene Ruppert, L-2453 Luxembourg TVA Be
0886-264.848
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Legal form
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Société Anonyme |
Foundation
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18.11.2004 as Société Anonyme |
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Company age: 7 years |
Trade register
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18.11.2004, RC Luxembourg, B
104.283 |
History
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Additional information on the public limited company
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Addition to capital
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officially registered share capital |
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USD 100.000,-- |
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Registered business objective
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Handel mit Diamanten |
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Beteiligung an in- und
ausländischen Gesellschaften |
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Gesellschaft zählt zur
Firmengruppe "Diarough", Indien, tätig an mehreren Produktions- und
Vertriebsstandorten weltweit mit der Bearbeitung von Rohdiamanten und dem
nachgeschalteten Vertrieb |
Classification of the industrial sectors, NACELUX 1.1
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NACELUX 1.1 |
Description |
Ranking |
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51.474 |
Wholesale of other household goods |
1 |
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74.150 |
Management activities of holding companies |
2 |
Staff and Annual Sales
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Fiscal year |
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Staff |
2012 |
2011 |
2010 |
2009 |
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Part-time employee |
1 |
1 |
1 |
1 |
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Total |
1 |
1 |
1 |
1 |
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Fiscal year |
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Kind of annual sales |
01.01.2011 - 31.12.2011 |
01.01.2010 - 31.12.2010 |
01.01.2009 - 31.12.2009 |
01.01.2008 - 31.12.2008 |
01.01.2007 - 31.12.2007 |
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Annual sales |
883.259.684 EUR |
635.972.146 EUR |
486.384.950 EUR |
637.424.822 EUR |
568.170.150 EUR |
Company balance sheet
Balance sheet
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Type of account: |
Annual report |
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Addition to balance sheet as at 31.12.2011 |
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Additional information
Remarks
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An official telephone extension is not known. |
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Beteiligte: |
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Nishit Mahendra Kuma Parikh: |
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- Egon Diamond SA, 412F, Rte
d'Esch, 1471 Luxembourg |
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- Diarpugh NV, B-2018
Antwerpen |
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- Diarough European Sales
NV, B-2018 Antwerpen |
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- Egon Jewellery S.A. VBR,
B-2018 Antwerpen |
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- in weiteren Gesellschaften
in Belgien vertreten |
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Jeffrey A. Sacks: |
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- Egon Diamond SA, 412F, Rte
d'Esch, 1471 Luxembourg |
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- Egon Finance SA, 412F, Rte
d'Esch, 1471 Luxembourg |
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Saurin Parikh: |
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- Egon Diamond SA, 412F, Rte
d'Esch, 1471 Luxembourg |
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Bankers
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Name of the bank |
Sort code |
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ABN Amro Bank (Luxembourg)
S.A. |
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Payment information and assessment of business
connections
Payment behaviour and Credit
Opinion
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Economical development
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Negative facts
There
are no negative facts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.95 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.