MIRA
INFORM REPORT
|
Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMDIAM NV |
|
|
|
|
Registered Office : |
Schupstraat 18, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
22.10.2004 |
|
|
|
|
Com. Reg. No.: |
869591637 |
|
|
|
|
Legal Form : |
Public Limited Liability |
|
|
|
|
Line of Business : |
Wholesale of diamonds and
other precious stones |
|
|
|
|
No. of Employees : |
1 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 2013 Belgian GDP grew by 0.1%, the
unemployment rate increased to 8.8% from 7.6% the previous year, and the
government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%.
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 summary
Business number 869591637
Company name AMDIAM NV
Address SCHUPSTRAAT 18
2018 ANTWERPEN
Number of staff 1
Date of establishment 22/10/2004
Telephone number 032039911
Fax number 032039999
Commentary
The business was established over 9 years ago.
The business has 1 employees.
The business has been at the address for over 9 years.
Operating Result in the latest trading period increased 89% on the
previous trading period.
A 55% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 235% compared to the previous trading
period.
The business saw a decrease in their Cash Balance of 72% during the
latest trading period.
Turnover in the latest trading period increased 70% on the previous
trading period.
accounts
|
date
of latest accounts |
turnover |
profit
before tax net worth |
working
capital |
|
31/12/2012 |
66,131,804 |
114,598 8,325,998 |
12,112,591 |
|
31/12/2011 |
38,829,312 |
34,161 8,385,509 |
8,379,357 |
|
31/12/2010 |
28,795,549 |
65,871 8,091,656 |
8,088,769 |
|
Accounts date
of latest accounts |
balance
total |
number
of employees capital |
cashflow |
|
31/12/2012 |
35,451,190 |
1 81,887 |
106,355 |
|
31/12/2011 |
22,735,221 |
1 83,508 |
30,693 |
|
31/12/2010 |
26,898,072 |
0 80,861 |
44,597 |
|
Trends |
|||
|
Profitability |
|
|
|
|
Liquidity |
|
* |
|
|
Net worth |
|
<< |
|
|
Payment expectations |
|||
|
Past payments |
|
Payment expectation days |
71.31 |
|
Industry average payment
expectation days |
129.58 |
Industry average day
sales outstanding |
131.83 |
|
Day sales outstanding |
177.67 |
|
|
|
Court data summary |
|||
|
BANKRUPTCY DETAILS |
|||
|
Court action type |
no |
|
|
Company information
|
Business number |
869591637 |
Company name |
AMDIAM NV |
|
Fax number |
032039999 |
Date founded |
22/10/2004 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2012 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds |
VAT Number |
BE.0869.591.637 Check |
|
|
and other precious stones |
|
VAT number |
|
Belgian Bullettin of Acts |
moniteur beige |
|
|
|
Publications |
|
|
|
|
Social Balance Sheet |
Total |
|
|
During the reporting year |
|
|
|
ended 31-12-2012 |
|
|
|
Full-time Employees |
1 |
|
|
Part-time Employees |
||
|
Total Fte Employees |
2 |
|
|
|
||
|
Number of hours worked |
||
|
Full-time Employees |
1,718 |
|
|
Part-time Employees |
||
|
Total |
1,718 |
|
|
|
|
|
|
Personnel Charges |
|
|
|
Full-time Employees |
27,733 |
|
|
Part-time Employees |
||
|
Total |
27,733 |
|
|
Benefits In Addition To
Wages |
||
|
|
||
|
During the previous
reporting year |
||
|
Average number employees
in Fte |
1 |
|
|
Actual working hours |
1,280 |
|
|
Personnel Charges |
21,067 |
|
|
Benefits In Addition To
Wages |
||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
- |
- |
- |
|
|
Secondairy education |
- |
- |
- |
|
|
Higher education (non ... university) |
||||
|
Higher education ... (university) |
||||
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education ... |
||||
|
Secondairy education |
1 |
- |
1 |
|
|
Higher education (non
university) |
- |
- |
- |
|
|
Higher education
(university) |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White collar worker |
1 |
- |
1 |
|
|
Blue collar worker ... |
||||
|
Other |
||||
|
•- |
||||
|
|
||||
|
r Temporary personnel |
|
Total |
|
|
|
Average number of
temporary staff |
- |
|
|
|
|
Actual working hours |
|
- |
|
|
|
Cost of temporary staff |
||||
|
k- |
||||
|
|
||||
|
r New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
- |
- |
- |
|
|
Leavers |
- |
- |
- |
|
|
for workers paid by the
employer |
Male |
Female |
|
|
Number of employees |
|||
|
Number of training hours |
|||
|
Net costs for enterprise |
|||
|
Total of less formal and
informal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
|
Number of employees |
- |
- |
|
|
Number of training hours |
- |
- |
|
|
Net costs for enterprise |
- |
- |
|
|
Total of initial training
initiatives at the expense of the employer |
Male |
Female |
|
|
Number of employees |
- |
- |
|
|
Number of training hours |
|||
|
Net costs for enterprise |
|||
Joint Industrial Committee
(JIC)
JlCCode 218
Description Additional national joint committee for the employees
category
|
JIC Code |
324 |
|
Description |
Joint committee for the
industry and the trade in diamant |
|
category |
|
|
Significant Events |
|
|
Event Date |
16/12/2011 |
|
Event Description |
|
|
Event Details |
De vergadering besluit de
aard van de aandelen te wijzigen in die zin dat de aandelen op naam zullen
zijn. |
Company accounts
|
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry |
% |
|
|
|
|
|
|
|
|
|
average 2012 |
|
|
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Turnover |
66,131,804 |
70.31 |
38,829,312 |
34.84 |
28,795,549 |
40,466,975 |
63.42 |
|
|
|
Total operating expenses |
65,302,612 |
70.09 |
38,392,864 |
34.79 |
28,483,770 |
40,150,898 |
62.64 |
|
|
|
Operating result |
829,192 |
89.99 |
436,448 |
39.99 |
311,779 |
128,911 |
543 |
|
|
|
Total financial income |
7,390 |
-92.78 |
102,415 |
-27.77 |
141,786 |
92,707 |
-92.03 |
|
|
|
Total financial expenses |
721,983 |
43.05 |
504,702 |
30.18 |
387,694 |
183,969 |
292 |
|
|
|
Results on ordinary
operations before taxation |
114,598 |
235 |
34,161 |
-48.14 |
65,871 |
28,586 |
300 |
|
|
|
Taxation |
11,369 |
118 |
5,200 |
-78.83 |
24,568 |
21,094 |
-46.10 |
|
|
|
Results on ordinary
operations after taxation |
103,229 |
256 |
28,961 |
-29.88 |
41,303 |
13,883 |
643 |
|
|
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
-3,863 |
0 |
|
|
|
Other appropriations |
1 |
- |
0 |
- |
0 |
- |
- |
|
|
|
|
Net result |
103,230 |
256 |
28,961 |
-29.88 |
41,303 |
10,042 |
927 |
|
OTHER INFORMATION |
|||||||||
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
50,608 |
- |
|
|
|
Dividends |
- |
- |
- |
- |
- |
168,887 |
- |
|
|
Director remuneration |
96,512 |
-9.72 |
106,908 |
9.16 |
97,941 |
107,479 |
-10.20 |
|
|
|
Employee costs |
27,733 |
29.09 |
21,484 |
299 |
-7,163 |
138,572 |
-79.99 |
|
|
|
Wages and salary |
21,712 |
39.09 |
15,610 |
- |
- |
119,212 |
-81.79 |
|
|
|
Employee pension costs |
- |
- |
- |
- |
- |
12,737 |
- |
|
|
|
|
Social security
contributions |
4,789 |
51.17 |
3,168 |
339 |
721 |
29,410 |
-83.72 |
|
|
Other employee costs |
1,232 |
-54.47 |
2,706 |
34.32 |
-7,884 |
4,884 |
-74.77 |
|
|
|
Amortization and
depreciation |
3,125 |
80.43 |
1,732 |
-47.42 |
3,294 |
18,101 |
-82.74 |
|
balance sheet
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
1,200 |
-100 |
|
|
Tangible fixed assets |
2,907 |
-52.75 |
6,152 |
113 |
2,887 |
188,841 |
-98.46 |
|
|
Land & building |
- |
- |
- |
- |
- |
373,255 |
- |
|
|
Plant & machinery |
1,481 |
-21.22 |
1,880 |
-13.68 |
2,178 |
25,390 |
-94.17 |
|
|
Furniture & Vehicles |
1,426 |
-66.62 |
4,272 |
502 |
709 |
16,987 5,029 |
-91.61 |
|
|
Leasing & Other
Similar Rights |
- |
- |
- |
- |
- |
139,170 30,812 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
11,727 |
-100 |
|
|
Financial fixed assets |
- |
- |
- |
- |
- |
234,445 |
- |
|
|
Total fixed assets |
2,907 |
-52.75 |
6,152 |
113 |
2,887 |
343,382 |
-99 |
|
|
Inventories |
2,608,722 |
-20.41 |
3,277,826 |
-78.62 |
15,331,017 |
2,731,126 |
-4.48 |
|
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
7,018,491 |
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,516 |
-100 |
|
|
Finished goods |
2,608,722 |
-20.41 |
3,277,826 |
-78.62 |
15,331,017 |
1,760,119 |
48.21 |
|
|
Other stocks |
0 |
- |
0 |
- |
0 |
456,438 |
-100 |
|
|
Trade debtors |
32,190,600 |
71.32 |
18,790,138 |
71.22 |
10,974,151 |
3,678,029 |
775 |
|
|
Cash |
22,628 |
-72.02 |
80,865 |
-0.32 |
81,128 |
207,551 |
-89.10 |
|
|
other amounts receivable |
621,132 |
7.50 |
577,794 |
14.12 |
506,301 |
212,199 |
192 |
|
|
Miscellaneous current
assets |
5,201 |
112 |
2,446 |
-5.49 |
2,588 |
14,855 |
-64.99 |
|
|
Total current assets |
35,448,283 |
55.96 |
22,729,069 |
-15.49 |
26,895,185 |
6,380,234 |
455 |
|
|
Total Assets |
35,451,190 |
55.93 |
22,735,221 |
-15.48 |
26,898,072 |
6,685,228 1,220,826 |
430 |
CURRENT LIABILITIES
|
|
Trade creditors |
12,758,196 |
224 |
3,936,750 |
-64.56 |
11,108,522 |
2,806,486 |
354 |
|
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
|
Financial debts |
10,501,215 |
1.16 |
10,380,712 |
36.71 |
7,593,367 |
3,606,102
148,844 |
191 |
|
|
Current portion of long
term debt |
- |
- |
- |
- |
- |
90,440
14,128 |
- |
|
|
Amounts Payable for
Taxes, Remuneration & Social Security |
44,264 |
37.26 |
32,249 |
-69.15 |
104,528 |
8,657
- |
25.37 |
|
|
Miscellaneous current
liabilities |
32,017 |
3201600 |
1 |
100 |
-1 |
-89.20 |
-- |
|
|
Total current liabilities |
23,335,692 |
62.62 |
14,349,712 |
-23.70 |
18,806,416 |
4,741,262 |
392 |
|
LONG TERM DEBTS AND
LIABILITIES |
||||||||
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long term loans |
3,789,500 |
- |
- |
- |
- |
266 |
-- |
|
|
Deffered taxes |
- |
- |
- |
- |
- |
38,865
26,358 |
- |
|
|
Provisions for
Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,968
0 |
-100 |
|
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
92,092 |
-100 |
|
|
Total long term debts |
3,789,500 |
- |
0 |
- |
0 |
496,877 |
662 |
|
SHAREHOLDERS EQUITY |
||||||||
|
|
Issued share capital |
81,887 |
-1.94 |
83,508 |
3.27 |
80,861 |
872,974 |
-90.62 |
|
|
Share premium account |
- |
- |
- |
- |
- |
89,810 |
- |
|
|
Reserves |
8,244,111 |
-0.70 |
8,302,001 |
3.64 |
8,010,795 |
542,502 |
1419 |
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
927,466 |
- |
|
|
Total shareholders equity |
8,325,998 |
-0.71 |
8,385,509 |
3.63 |
8,091,656 |
1,441,535 |
477 |
|
|
Working capital |
12,112,591 |
44.55 |
8,379,357 |
3.59 |
8,088,769 |
1,638,972 |
639 |
|
|
Cashflow |
106,355 |
246 |
30,693 |
-31.18 |
44,597 |
24,750 |
329 |
|
|
Net worth |
8,325,998 |
-0.71 |
8,385,509 |
3.63 |
8,091,656 |
1,438,808 |
478 |
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.17 |
88.89 |
0.09 |
-60.87 |
0.23 |
-10,00 |
1.70 |
|
|
Return on capital
employed |
0.95 |
131 |
0.41 |
-49.38 |
0.81 |
39,00 |
-97.56 |
|
|
Return on total assets
employed |
0.32 |
113 |
0.15 |
-37.50 |
0.24 |
-292,00 |
0.11 |
|
|
Return on net assets
employed |
1.38 |
236 |
0.41 |
-49.38 |
0.81 |
26,00 |
-94.69 |
|
|
Sales / net working
capital |
5.46 |
17.93 |
4.63 |
30.06 |
3.56 |
64,00 |
-99 |
|
|
Stock turnover ratio |
3.94 |
-53.32 |
8.44 |
-84.15 |
53.24 |
88,00 |
-95.52 |
|
|
Debtor days |
177.67 |
0.59 |
176.63 |
26.98 |
139.10 |
147,00 |
20.86 |
|
|
Creditor days |
71.31 |
90.52 |
37.43 |
-73.71 |
142.35 |
192,00 |
-62.86 |
|
SHORT TERM STABILITY |
||||||||
|
|
Current ratio |
1.52 |
-3.80 |
1.58 |
10.49 |
1.43 |
6,00 |
-86.18 |
|
|
Liquidity ratio / acid
ratio |
1.41 |
3.68 |
1.36 |
122 |
0.61 |
4,00 |
-64.75 |
|
|
Current debt ratio |
2.80 |
63.74 |
1.71 |
-26.29 |
2.32 |
11,00 |
-74.55 |
|
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
||||||||
|
|
Gearing |
171.64 |
38.65 |
123.79 |
31.92 |
93.84 |
259,00 |
-33.73 |
|
|
Equity in percentage |
23.49 |
-36.31 |
36.88 |
22.61 |
30.08 |
-3.367,00 |
0.70 |
|
|
Total debt ratio |
3.26 |
90.64 |
1.71 |
-26.29 |
2.32 |
11,00 |
-70.36 |
Payment Information
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
industry average credit
rating |
64.48 |
|
Industry average credit |
140177.31 |
|
limit |
|
|
Payment
Information |
|
|
Suspension of payments /
moratorium history |
|
|
Amount |
|
|
Details |
|
|
Payment expectations |
|
|
Payment expectation days |
71.31 |
|
Day sales outstanding |
177.67 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average payment
expectation days |
129.58 |
|
Industry average day
sales |
131.83 |
|
outstanding |
|
|
Industry quartile
analysis |
|
|
Payment expectations |
|
|
Company result |
71.31 |
|
Lower |
127.33 |
|
Median |
76.80 |
|
Upper |
45.69 |
|
Day sales outstanding |
|
|
Company result |
177.67 |
|
Lower |
106.72 |
|
Median |
55.71 |
|
Upper |
26.51 |
Shareholder Details
|
Summary |
|
|
Group - Number of
Companies |
0 |
|
Linkages - Number of
Companies |
0 |
|
Number of Countries |
0 |
Group Structure
No group structure for this
company.
Minority Shareholders
No minority shareholders
found
Minority Interests
No minority interests found
|
Forename |
Arvindkumar |
Middle name |
- |
|
Surname |
Mavani |
|
|
|
SHAREHOLDER DETAILS |
|||
|
Start date |
14/10/2004 |
End date |
- |
|
Percentage owned |
50% |
|
|
|
SHAREHOLDER ADDRESS |
|||
|
Street name |
Quinten Matsijslei |
House number |
49/a |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
Summary
Group - Number of Companies 0
Linkages - Number of
Companies 0
Number of Countries 0
Court data
Protested bills --
Drawee name --
Address --
Bill amount --
Bill currency --
Maturity of bill --
Name of drawer --
City of drawer --
NSSO details --
Business number 869591637
Name of defendant
Legal form of defendant --
Date of summons --
Labour court --
Bankruptcy details
There is no bankruptcy data
against this company
Bankruptcy Data
court data
there is no data for this
company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.