|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAGEM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.08.1985 |
|
|
|
|
Com. Reg. No.: |
427517996 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of Diamonds and Other Precious Stones. |
|
|
|
|
No. of Employees : |
NIL |
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 |
Business number 427517996
Company name DIAGEM BVBA
Address HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number of staff 0
Date of establishment 01/08/1985
Telephone number 032343607
Fax number 032253124
|
The business was
established over 29 years ago. |
|
|
|
The business has
2 employees. |
|
|
|
The business has
been at the address for over 16 years. |
|
|
|
Operating Result
in the latest trading period increased 526% on the previous trading period. |
|
|
|
A 30% growth in
Total Assets occurred during the latest trading period. |
|
|
|
The business saw
a decrease in their Cash Balance of 45% during the latest trading period. |
|
|
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
|
|
|
|
|
|
31/12/2012 |
27,473,944 |
182,969 |
1,736,920 |
2,436,220 |
|
31/12/2011 |
29,699,916 |
163,159 |
1,609,312 |
2,299,105 |
|
31/12/2010 |
23,970,713 |
74,064 |
1,493,299 |
2,179,343 |
|
DATE OF
LATEST ACCOUNTS |
Balance Total |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASH FLOW |
|
|
|
|
|
|
|
31/12/2012 |
11,550,858 |
0 |
18,592 |
138,691 |
|
31/12/2011 |
8,857,821 |
0 |
18,592 |
127,103 |
|
31/12/2010 |
7,828,147 |
0 |
18,592 |
63,737 |
Payment expectation days 53.90
Industry average payment
expectation days 129.40
Industry average day sales
Outstanding 131.75
Day sales outstanding 121.52
|
Business
number |
427517996 |
Company name |
DIAGEM
BVBA |
|
Fax
number |
032253124 |
Date founded |
01/08/1985 |
|
Company
status |
active |
Company type |
Private
Limited Company (BL/LX) |
|
Currency |
Euro
(€) |
Date of latest accounts |
31/12/2012 |
|
Activity
code |
46761 |
Liable
for VAT |
Yes |
|
Activity
description |
Wholesale
of Diamonds and Other Precious Stones |
VAT
Number |
BE.0427.517.996
Check VAT number |
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
27,473,944 |
-7.49 |
29,699,916 |
23.90 |
23,970,713 |
40,445,514 |
-32.07 |
|
Total
operating expenses |
27,037,060 |
-8.75 |
29,630,193 |
24.54 |
23,791,962 |
40,129,325 |
-32.63 |
|
Operating
result |
436,883 |
526 |
69,724 |
-60.99 |
178,751 |
128,947 |
238 |
|
Total
financial income |
38,091 |
-88.84 |
341,398 |
345 |
76,591 |
92,517 |
-58.83 |
|
Total
financial expenses |
292,005 |
17.76 |
247,962 |
36.79 |
181,278 |
183,537 |
59.10 |
|
Results
on ordinary operations before taxation |
182,969 |
12.14 |
163,159 |
120 |
74,064 |
28,901 |
533 |
|
Taxation |
55,362 |
17.43 |
47,146 |
132 |
20,269 |
21,104 |
162 |
|
Results
on ordinary operations after taxation |
127,607 |
9.99 |
116,013 |
115 |
53,795 |
14,200 |
798 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-4,104 |
0 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0 |
- |
- |
|
Net
result |
127,607 |
9.99 |
116,013 |
115 |
53,795 |
10,118 |
1161 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
50,984 |
- |
|
Dividends |
- |
- |
- |
- |
- |
168,887 |
- |
|
Director
remuneration |
- |
- |
- |
- |
84,000 |
108,143 |
- |
|
Employee
costs |
- |
- |
- |
- |
- |
137,791 |
- |
|
Wages and salary |
- |
- |
- |
- |
- |
118,466 |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
12,737 |
- |
|
Social security contributions |
- |
- |
- |
- |
- |
29,266 |
- |
|
Other employee costs |
0 |
- |
0 |
- |
0 |
4,856 |
-100 |
|
Amortization
and depreciation |
11,084 |
-0.06 |
11,090 |
11.55 |
9,942 |
18,051 |
-38.60 |
|
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 |
1,196 |
-100 |
|
Tangible
fixed assets |
199,180 |
-4.56 |
208,687 |
-1.76 |
212,436 |
188,501 |
5.67 |
|
Land & building |
193,043 |
-4.52 |
202,183 |
-4.33 |
211,323 |
372,714 |
-48.21 |
|
Plant & machinery |
6,137 |
-5.64 |
6,504 |
484 |
1,113 |
25,360 |
-75.80 |
|
Furniture & Vehicles |
- |
- |
- |
- |
- |
16,918 5,033 |
- |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
139,170 30,812 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
11,586 |
-100 |
|
Financial
fixed assets |
1,520 |
0 |
1,520 |
0.00 |
1,520 |
234,444 |
-99 |
|
Total
fixed assets |
200,700 |
-4.52 |
210,207 |
-1.75 |
213,956 |
342,690 |
-41.43 |
|
Inventories |
2,190,735 |
112 |
1,031,057 |
-33.56 |
1,551,765 |
2,718,137 |
-19.40 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,018,491 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,510 |
-100 |
|
Finished goods |
2,190,735 |
112 |
1,031,057 |
-33.56 |
1,551,765 |
1,751,014 |
25.11 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
455,825 |
-100 |
|
Trade
debtors |
9,146,918 |
20.33 |
7,601,634 |
26.14 |
6,026,161 |
3,670,041 |
149 |
|
Cash |
4,363 |
-45.13 |
7,952 |
-6.53 |
8,507 |
206,950 |
-97.89 |
|
other
amounts receivable |
3,631 |
47.97 |
2,454 |
-89.47 |
23,296 |
211,744 |
-98.29 |
|
Miscellaneous
current assets |
4,510 |
-0.16 |
4,518 |
1.24 |
4,462 |
14,787 |
-69.50 |
|
Total
current assets |
11,350,158 |
31.25 |
8,647,614 |
13.57 |
7,614,191 |
6,361,305 |
78.42 |
|
Total
Assets |
11,550,858 |
30.40 |
8,857,821 |
13.15 |
7,828,147 |
6,665,760 1,214,600 |
73.29 |
CURRENT
LIABILITIES
|
Trade
creditors |
3,992,646 |
-10.31 |
4,451,610 |
145 |
1,811,087 |
2,798,058 |
42.69 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
4,292,289 |
247 |
1,236,938 |
-55.41 |
2,773,924 |
3,614,307 150,000 |
18.76 |
|
Current
portion of long term debt |
- |
- |
6,788 |
33.45 |
5,087 |
90,019 14,017 |
- |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
50,612 |
41.57 |
35,750 |
195 |
12,096 |
8,657 - |
43.54 |
|
Miscellaneous
current liabilities |
578,392 |
-6.32 |
617,423 |
-25.85 |
832,654 |
96.16 |
-- |
|
Total
current liabilities |
8,913,938 |
40.41 |
6,348,509 |
16.81 |
5,434,848 |
4,728,207 |
88.53 |
|
LONG TERM DEBTS
AND LIABILITIES |
|
|
|
|
|
|
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
Other
long term loans |
900,000 |
0 |
900,000 |
- |
- |
-13.28 |
-- |
|
Deffered
taxes |
- |
- |
- |
- |
- |
40,313 31,040 |
- |
|
Provisions
for Liabilities & Charges 0 |
|
- |
0 |
- |
0 |
3,960 0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
-100 |
900,000 |
92,649 |
-100 |
|
Total
long term debts |
900,000 |
0 |
900,000 |
0 |
900,000 |
496,529 |
81.26 |
|
Issued
share capital |
18,592 |
0 |
18,592 |
0.00 |
18,592 |
868,127 |
-97.86 |
|
Share
premium account |
- |
- |
- |
- |
- |
89,810 |
- |
|
Reserves |
1,718,328 |
8.02 |
1,590,720 |
7.87 |
1,474,707 |
541,371 |
217 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
927,466 |
- |
|
Total
shareholders’ equity |
1,736,920 |
7.93 |
1,609,312 |
7.77 |
1,493,299 |
1,435,495 |
21.00 |
|
Working
capital |
2,436,220 |
5.96 |
2,299,105 |
5.50 |
2,179,343 |
1,633,098 |
49.18 |
|
Cash
flow |
138,691 |
9.12 |
127,103 |
99 |
63,737 |
24,791 |
459 |
|
Net
worth |
1,736,920 |
7.93 |
1,609,312 |
7.77 |
1,493,299 |
1,432,782 |
21.23 |
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.67 |
21.82 |
0.55 |
77.42 |
0.31 |
-10,00 |
6.70 |
|
Return on capital employed |
6.94 |
6.77 |
6.50 |
110 |
3.09 |
40,00 |
-82.65 |
|
Return on total assets employed |
1.58 |
-14.13 |
1.84 |
93.68 |
0.95 |
-292,00 |
0.54 |
|
Return on net assets employed |
10.53 |
3.85 |
10.14 |
104 |
4.96 |
27,00 |
-61.00 |
|
Sales /
net working capital |
11.28 |
-12.69 |
12.92 |
17.45 |
11 |
64,00 |
-99 |
|
Stock
turnover ratio |
7.97 |
129 |
3.47 |
-46.37 |
6.47 |
88,00 |
-90.94 |
|
Debtor
days |
121.52 |
30.08 |
93.42 |
1.81 |
91.76 |
148,00 |
-17.89 |
|
Creditor
days |
53.90 |
-1.71 |
54.84 |
97.41 |
27.78 |
192,00 |
-71.93 |
|
SHORT TERM
STABILITY |
|
|
|
|
|
|
|
|
Current
ratio |
1.27 |
-6.62 |
1.36 |
-2.86 |
1.40 |
6,00 |
-88.45 |
|
Liquidity
ratio / acid ratio |
1.03 |
-14.17 |
1.20 |
7.14 |
1.12 |
4,00 |
-74.25 |
|
Current
debt ratio |
5.13 |
30.20 |
3.94 |
8.24 |
3.64 |
11,00 |
-53.36 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
Gearing |
298.94 |
124 |
133.21 |
-28.42 |
186.10 |
259,00 |
15.42 |
|
Equity in
percentage |
15.04 |
-17.23 |
18.17 |
-4.77 |
19.08 |
-3.360,00 |
0.45 |
|
Total debt
ratio |
5.65 |
25.56 |
4.50 |
6.13 |
4.24 |
12,00 |
-52.92 |
|
Activity code |
46761 |
|
Activity
description |
Wholesale of
diamonds and other precious stones |
|
industry average
credit rating |
64.48 |
|
Industry average
credit |
140177.31 |
|
Payment
expectation days |
53.90 |
|
Day sales
outstanding |
121.52 |
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment expectation
days |
129.40 |
|
Industry average day sales |
131.75 |
|
Payment
expectations |
|
|
|
|
Company result |
53.90 |
|
|
|
Lower |
127.33 |
|
|
|
Median |
76.94 |
|
|
|
Upper |
45.81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Day sales
outstanding |
|
||
|
Company result |
121.52 |
||
|
Lower |
105.52 |
||
|
Median |
55.41 |
||
|
Upper |
26.47 |
||
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Court Data
There is no data for this company
Current director details
Name NILESH CHANDRAKANT
DHIRAJ PATEL
Position Principal Manager
Start Date 14/06/1995
Street 22 QUINTEN
MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
Former director details
Name HASMUKH JAMNADAS
PATEL
Position Principal Manager
Start Date 14/02/2008
End Date 31/12/2010
Street 48 VAN EYCKLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.73 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.