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Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
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Name : |
FIMA DIAMONDS BVBA |
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Registered Office : |
Pelikaanstraat 62 2018 Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.05.2001 |
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Com. Reg. No.: |
474807377 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
WHOLESALE
OF DIAMONDS AND OTHER PRECIOUS STONES |
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No. of Employees |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Belgium |
A1 |
A2 |
|
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 |
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 474807377
Company name FIMA DIAMONDS BVBA
Address PELIKAANSTRAAT
62
2018 ANTWERPEN
Number of staff 3
Date of establishment 04/05/2001
Telephone number 034855300
The business was established over 13
years ago.
The business has 1 employees.
The business has been at the address
for over 12 years.
Operating Result in the latest trading
period decreased 43% on the previous trading period.
A 30% decline in Total Assets occurred
during the latest trading period.
Pre-tax profits increased by 194%
compared to the previous trading period.
The business saw a decrease in their
Cash Balance of 74% during the latest trading period
|
Date of
latest accounts |
Turnover |
Profit
Before Tax |
Net worth |
Working
capital |
|
31/12/2012 |
|
172,387 |
450,933 |
559,998 |
|
31/12/2011 |
|
58,521 |
409,621 |
542,580 |
|
31/12/2010 |
|
67,848 |
340,356 |
474,789 |
|
Date of latest accounts |
Balance
Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
2,756,307 |
3 |
18,600 |
55,899 |
|
31/12/2011 |
3,948,691 |
3 |
18,600 |
74,090 |
|
31/12/2010 |
3,298,789 |
3 |
18,600 |
52,644 |
Past payments Payment
expectation days -
Industry average payment Industry average day sales
expectation days 129.40 outstanding 131.66
Day sales outstanding -
Business number 474807377
Company name FIMA DIAMONDS BVBA
Fax number Date founded 04/05/2001
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
Social Balance Sheet Total
During the reporting year
ended 31-12-2012
Full-time Employees 3
Part-time Employees 1
Total Fte Employees 4
Number of hours worked
Full-time Employees 5,335
Part-time Employees 893
Total
6,228
Personnel Charges
Full-time Employees
73,771
Part-time Employees 31,616
Total 105,387
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 4
Actual working hours
5,373
Personnel Charges
90,315
Benefits In Addition To Wages -
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 3 1 4
Gender and Education
Level
Men Full-Time
Part-Time Total Fte
Secondairy education 1 1 2
Women Full-Time Part-Time Total Fte
Secondairy education 2 - 2
Working Category Full-Time
Part-Time Total Fte
White collar worker 3 1 4
Code -
Description FROM 1 TO 4 EMPLOYEES
Description Additional national joint committee for the
employees
Event Date 31/12/2013
Event Description
Event Details Het mandaat van
zaakvoerder is kostenloos met ingang van 01/01/14.
Event Date 31/12/2013
Event Description
Event Details Het mandaat van
zaakvoerder is kostenloos met ingang van 01/01/14.
Annual accounts 31-12-2012 change (%) 31-12-2011 change(%)
31-12-2010 Industry
average
2012 %
Turnover - - - - - 40,261,145 -
Total operating expenses - - - - - 39,946,519 -
Operating result 304,682 -43.52 539,468 1922 -28,060 128,920 136
Total financial income 528,994 -9.02 581,411 -35.79 905,526 92,477 472
Total financial expenses 661,289 -37.75 1,062,358 31.22 809,618 183,510 260
Results
on ordinary operations before
Taxation 172,387
194 58,521 -13.75
67,848 28,876 496
Taxation 131,075 - - - 21,214 21,084 521
Results on ordinary operations after
Taxation 41,312 -29.41 58.521
25.49 46,634 14,182 191
Extraordinary items 0 -100 10,744 - 0 -4,100 0
Other appropriations 0 - 0 - 0 - -
Net result 41,312 -40.36 69,265 48.53 46,634 10,105 308
other information
Gross Operating Margin 433,070 -31.89 635,868 867 65,701 51,047 748
Dividends - - - - - 158,038 -
Director remuneration - - - - - 108,143 -
Employee costs 105,387 16.69 90,315 3.92 86,908 138,098 -23.69
Wages and salary 86,354 16.43 74,170 3.67 71,546 118,715 -27.26
Employee pension costs - - - - - 11,791 -
Social security contributions 18,021 23.73 14,565 0.52 14,489 29,313 -38.52
Other employee costs 1,012 -35.95 1,580 80.99 873 4,860 -79.18
Amortization and depreciation 14,587 202 4,825 -19.72 6,010 18,050 -19.19
Annual accounts 31-12-2012 change (%) 31-12-2011 change(%)
31-12-2010 Industry
average
2012 %
Intangible fixed assets 0 - 0 - 0 1,195 -100
Tangible fixed assets 86,025 673 11,117 -11.71 12,592 188,393 -54.34
Land & building 4,135 15.76 3,572 -30.42 5,134 370,350 -98.88
Plant & machinery 11,382 50.85 7,545 1.17 7,458 25,306 -55.02
Furniture & Vehicles 70,508 - - - - 16,899 5,034 317
Leasing & Other Similar Rights - - - - - 139,170 30,812 -
Other tangible assets 0 - 0 - 0 11,572 -100
Financial fixed assets 5,914 208 1,914 11.67 1,714 234,048 -97.47
Total fixed assets 91,939 605 13,031 -8.91 14,306 342,405 -73.15
Inventories 724,106 -22.76 937,421 78.79 524,318 2,720,016 -73.38
Raw materials & consumables - - - - - 7,018,491 -
Work in progress 0 - 0 - 0 2,508 -100
Finished goods 0 - 0 - 0 1,754,037 -100
Other stocks 724,106 -22.76 937,421 78.79 524,318 454,906 59.18
Trade debtors 1,766,187 -30.10 2,526,809 3.23 2,447,661 3,672,271 -51.90
Cash 117,020 -74.42 457,554 50.60 303,824 207,169 -43.51
other amounts receivable 54,642 321 12,974 49.47 8,680 211,732 -74.19
Miscellaneous current assets 2,413 167 902 - 0 14,773 -83.67
Total current assets 2,664,368 -32.30 3,935,660 19.83 3,284,483 6,365,774 -58.15
Total Assets 2,756,307 -30.20 3,948,691 19.70 3,298,789 6,670,027
-58.68
1,221,676
Trade creditors 2,075,435 -38.81 3,391,855 20.98 2,803,589 2,798,628 -25.84
Short term group loans - - - - - - -
Financial debts - - - - - 3,609,638 -
150,514
Current portion of long term debt 6,312 - - - - 90,019 14,017 -92.99
Amounts Payable for Taxes, 22,623 1746 1,225 0 1,225 8,671 -36.20
Remuneration & Social Security
Miscellaneous current liabilities 0 - 0 -100 4,880 -100 --
Total current liabilities 2,104,370 -37.98 3,393,080 20.76 2,809,694 4,732,919 -55.54
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans 55,531 - - - - -94.63 --
Deffered taxes - - - - - 40,313 31,040 -
Provisions for Liabilities & Charges 0 - 0 - 0 3,955 0 -100
Other long term liabilities 145,473 -0.35 145,990 -1.85 148,739 92,551 57.18
Total long term debts 201,004 37.68 145,990 -1.85 148,739 496,968 -59.55
shareholders equity
Issued share capital 18,600 0 18,600 0 18,600 867,240 -97.86
Share premium account - - - - - 89,810 -
Reserves 432,333 10.57 391,021 21.53 321,756 541,403 -20.15
Revaluation reserve - - - - - 927,466 -
Total shareholders equity 450,933 10.09 409,621 20.35 340,356 1,434,611 -68.57
Working capital 559,998 3.21 542,580 14.28 474,789 1,632,855 -65.70
Cashflow 55,899 -24.55 74,090 40.74 52,644 24,781 125
Net worth 450,933 10.09 409,621 20.35 340,356 1,431,901 -68.51
Annual accounts 31-12-2012 change (%) 31-12-2011 change(%)
31-12-2010 Industry
average
2012
%
Trading performance
Profit Before Tax - - - - - -9,00 -
Return on capital employed 26.44 151 10.53 -24.08 13.87 40,00 -33.90
Return on total assets
employed 6.25 322 1.48 -28.16 2.06 -291,00 2.15
Return on net assets employed 38.23 167 14.29 -28.30 19.93 27,00 41.59
Sales / net working capital - - - - - 64,00 -
Stock turnover ratio - - - - - 87,00 -
Debtor days - - - - - 131,66 -
Creditor days - - - - - 129,40 -
short term stability
Current ratio 1.27 9.48 1.16 -0.85 1.17 6,00 -88.45
Liquidity ratio / acid ratio 0.92 4.55 0.88 -10.20 0.98 4,00 -77.00
Current debt ratio 4.67 -43.60 8.28 0.24 8.26 11,00 -57.55
Liquidity ratio reprocessed - - - - - - -
long term stability
Gearing 13.71 - - - - 259,00 -94.71
Equity in percentage 16.36 57.76 10.37 0.48 10.32 -3.357,00 0.49
Total debt ratio 5.11 -40.86 8.64 -0.58 8.69 12,00 -57.42
Activity code 46761
Activity description Wholesale of diamonds and other precious stones
Payment expectations
Company result -
Lower 127.33
Median 76.94
Upper 45.68
Company result -
Lower 106.72
Median 55.41
Upper 26.45
Group Structure
No group structure for this company.
Minority
Shareholders
No minority
shareholders found
Minority
Interests
No minority interests found
Shareholder Name
Forename Dean Middle name -
Surname König
Shareholder Details
Start date 04/05/2001 End date -
Percentage owned -
Shareholder Address
Street name Platanenlaan
House
number 17
Minor town Wilrijk Postal town
Antwerpen
Post code 2610 Country Belgium
there is no data for this
company
Name
DEAN KONING
Position
Principal Manager
Start
Date 10/07/2012
Street
17 PLATANENLAAN ANTWERPEN
Post
code 2610
Country Belgium
Name
DEAN KÖNIG
Position
Principal Manager
Start
Date 04/05/2001
Street
17 PLATANENLAAN ANTWERPEN
Post
code 2610
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.76 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
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Report Prepared
by : |
NIS |
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 |
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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 |
|
|
<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.