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Report Date : |
28.08.2014 |
IDENTIFICATION DETAILS
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Name : |
D.P.DIAM BVBA |
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Registered Office : |
Pelikaanstraat 62 2018 Antwerpen |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
31.03.2004 |
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Com. Reg. No.: |
864798154 |
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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 |
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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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Belgium |
A1 |
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 |
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 864798154
Company name D.P.DIAM BVBA
Address PELIKAANSTRAAT
62 2018 ANTWERPEN
Number of staff 0
Date of establishment 31/03/2004
Telephone number 0489311332
Fax number 032336069
The business was established over 10 years ago.
No employees are recorded for this business.
The business has been at the address for over 4 years.
The business saw a decrease in their Cash Balance of 98% during the latest trading period.
|
Date
of latest accounts |
Turnover Profit Before Tax |
Net
worth |
Working
capital |
|
31/12/2013 |
13,237 |
128,543 |
322,971 |
|
31/12/2012 |
14,768 |
115,687 |
110,710 |
|
31/12/2011 |
27,206 |
99,269 |
93,472 |
|
Date of latest accounts |
Balance
Total |
Number
of Employees |
Capital |
Cashflow |
|
31/12/2013 |
2,296,203 |
0 |
18,600 |
14,039 |
|
31/12/2012 |
2,673,274 |
0 |
18,600 |
17,905 |
|
31/12/2011 |
3,323,612 |
0 |
18,600 |
23,250 |
Past payments Payment
expectation days -
Industry average payment Industry average day sales
expectation days 127.73 outstanding 143.72
Day sales outstanding -
Business number 864798154
Company name D.P.DIAM BVBA
Fax number 032336069
Date founded 31/03/2004
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2013
Activity code 46761
Liable for VAT yes
Activity description Wholesale of
diamonds and other precious stones
Annual accounts 31-12-2013
% 31-12-2012 % 31-12-2011 Industry
Average 2013 %
Weeks 52 52 52
Currency EUR EUR EUR
Turnover - - - - - 49,003,147 -
Total operating expenses - - - - - 48,545,712 -
Operating result 22,129 -8.21 24,109 -23.65 31,579 147,736 -85.02
Total financial income 8 -75.47 32 700 4 66,474 -99
Total financial expenses 8,899 -5.06 9,373 114 4,378 157,926 -94.37
Results on ordinary operations before
Taxation 13,237 --10.37 14,768 45.72 27,206 49,312 -73.16
Taxation 2,358 328 550 -92.02 6,888 19,991 -88.20
Results on ordinary operations
after Taxation 10,879 -23.48 14,218 -30.02 20,318 34,671 -68.62
Extraordinary items -223 - 0 - 0 2,587 -108
Other appropriations 0.00 - 0 0 -1 - -
Net result 10,656 -25.05 14,218 -30.02 20,317 37,570 -71.64
other information
Gross Operating Margin 26,803 -19.83 33,433 -8.77 36,648 43,323 -38.13
Dividends - - - - - 216,234 -
Director remuneration - - - - - 153,552 -
Employee costs - - - - - 159,116 -
Wages and salary - - - - - 139,775 -
Employee pension costs - - - - - 1,459 -
Social security contributions - - - - - 35,700 -
Other employee costs 0 - 0 - 0 3,399 -100
Amortization and depreciation 3,382 -8.26 3,687 25.71 2,933 18,686 -81.90
Annual accounts 31-12-2013
% 31-12-2012 % 31-12-2011 Industry
Average 2013 %
Intangible fixed assets 5,226 - 7,426 - 9,626 1,451 260
Tangible fixed assets 1,196 -54.03 2,601 -23.95 3,420 191,931 -99
Land & building - - - - - 372,320 -
Plant & machinery 278 -61.59 723 24.23 582 32,127 -99
Furniture & Vehicles 918 -51.12 1,878 -33.83 2,838 15,630 4,234 -94.13
Leasing & Other Similar Rights - - - - - 42,007 20,215 -
Other tangible assets 0 - 0 - 0 11,389 -100
Financial fixed assets 2,377 0.00 2,377 0 2,377 42,503 -94.41
Total fixed assets 8,798 -29.06 12,403 -19.58 15,423 207,089 -95.75
Inventories 961,184 -17.87 1,170,271 97.10 593,754 2,620,799 -63.32
Raw materials & consumables - - - - - 113,995 -
Work in progress 0 - 0 - 0 1,907 -100
Finished goods 0 - 0 - 0 1,693,997 -100
Other stocks 961,184 -17.87 1,170,271 97.10 593,754 460,244 108
Trade debtors 1,323,057 -3.07 1,365,021 -48.78 2,665,159 4,215,766 -68.62
Cash 1,778 -98.56 123,302 162 46,987 775,604,445 -99
other amounts receivable 1,364 -39.58 2,258 -1.35 2,289 157,234 -99
Miscellaneous current assets 21 12.89 19 - 0 -762,729,894 0.00
Total current assets 2,287,405 -14.04 2,660,871 -19.57 3,308,189 6,781,048 -66.27
Total asset 2,296,203
-14.11 2,673,274 -19357
3,323,612 6,971,909
1,165,529 -67.06
Trade creditors 1,212,800 -22.74 1,569,796 -35.53 2,434,962 2,790,773 -56.54
Short term group loans - - - - - - -
Financial debts 1,350 -99 220,856 37717 584
3,912,602 -99
113,934
Current portion of long term debt 22,000 - - - - 103,973 13,806 -78.84
Amounts Payable for Taxes,
Remuneration & Social Security 4,812 47.98 3,252 -62.44 8,657 8,047 - -84.90
Miscellaneous current liabilities 723,472 -4.34 756,257 -1.85 770,514 123 --
Total current liabilities 1,964,434 -22.97 2,550,161 -20.67 3,214,717 4,854,509 -59.53
Long term debts and liabilities
Long term group loans - - - - - - --
Other long term loans 198,000 - - - - -85.54 --
Deffered taxes - - - - - 47,059 41,554 -
Provisions for Liabilities & Charges 0 - 0 - 0 5,657 0 -100
Other long term liabilities 0 - 0 - 0 102,495 -100
Total long term debts 198,000 - 0 - 0 621,217 -68.13
shareholders equity
Issued share capital 18,600 0 18,600 0 18,600 923,679 -97.99
Share premium account - - - - - 146,653 -
Reserves 115,169 10.20 104,513 15.75 90,295 530,717 -78.30
Revaluation reserve - - - - - 1,100,228 -
Total shareholders equity 133,769 8.66 123,113 13.06 108,895 1,483,577 -90.98
Working capital 322,971 191 110,710 18.44 93,472 1,926,539 -83.24
Cashflow 14,039 -21.59 17,905 -22.99 23,250 52,979 -73.50
Net worth 128,543 11.11 115,687 16.54 99,269 1,482,126 -91.33
Trading performance
Profit Before Tax - - - - - -5,00 -
Return on capital employed 3.99 -66.75 12 -51.96 24.98 8,00 -50.12
Return on total assets
Employed 0.58 5.45 0.55 -32.93 0.82 -2,00 29.00
Return on net assets employed 9.90 -17.50 12 -51.96 24.98 4,00 147
Sales / net working capital - - - - - 212,00 -
Stock turnover ratio - - - - - 54,00 -
Debtor days - - - - - 143,72 -
Creditor days - - - - - 127,73 -
short term stability
Current ratio 1.16 11.54 1.04 0.97 1.03 4,00 -92.75
Liquidity ratio / acid ratio 0.68 17.24 0.58 -30.95 0.84 3,00 -77.33
Current debt ratio 14.69 -29.07 20.71 -29.84 29.52 16,00 -8.19
Liquidity ratio reprocessed - - - - - - -
long term stability
Gearing 165.47 -7.76 179.39 33120 0.54 254,00 -34.85
Equity in percentage 5.84 26.41 4.62 40.43 3.29 -318,00 1.84
Total debt ratio 16.17 -21.92 20.71 -29.84 29.52 18,00 -10.17
Activity code 46761
Activity description Wholesale of diamonds and other precious stones
Payment expectations
Company result -
Lower 127.33
Median 76.39
Upper 46.32
Company result -
Lower 104.06
Median 55.15
Upper 25.71
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Protested Bills
there is no data for this company
Bankruptcy and
other legal events
there is no data for this company
Name DAVID WAHL
Position PrincipalManager
Start Date 19/08/2010
Street 161
LAMORINIÈRESTRAAT ANTWERPEN
Post code 2018
Country Belgium
Name ADAMYA PARAKH
Position Principal Manager
Start Date 01/01/2010
Street 15 VAN EYCKLEI
ANTWERPEN
Post code 2018
Country Belgium
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
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The area of study of family owned diamond businesses derives its importance
from the huge conglomerate of family run organizations which operate in the
diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process, several
public sector banks lost several hundred million rupees. They mostly diverted
borrowed money for diamond business into real estate and capital markets.
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Excerpts from Times of India dated 30th October 2010 is as
under –
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Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
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The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.46 |
|
UK Pound |
1 |
Rs.100.14 |
|
Euro |
1 |
Rs.79.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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.