MIRA INFORM REPORT
|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.B.K. INTERNATIONAL BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.12.2007 |
|
|
|
|
Com. Reg. No.: |
894322974 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of diamonds
and Other Precious stones |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Company
name & address
Business number 894322974
Company name P.B.K.
INTERNATIONAL BVBA
Address PELIKAANSTRAAT 62
2018 ANTWERPEN
Number of staff Not Available
Date of establishment 03/12/2007
Telephone number 032271210
Fax number 034759123
Commentary
The business was established over 6 years
ago. 
No employees are recorded for this business. 
The business has been at the address for over 2 years.
A 28% growth in Total Assets occurred during
the latest trading period. 
The business saw a decrease in their Cash Balance of 86% during the
latest trading period.
Accounts
DATE OF LATEST
ACCOUNTS PROFIT
BEFORE TAX NET WORTH WORKING CAPITAL
31/12/2013 12,795
83,087
24,281
31/12/2012 13,489
78,987
16,462
31/12/2011
57,576 69,314 52,616
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 3,661,534 0 18,600 16,706
31/12/2012
2,848,373 0 18,600
20,846
31/12/2011 1,481,291
0 18,600
45,907
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Industry average payment expectation days 124.39
Industry average day sales outstanding 141.74
Company
information
|
Business number |
894322974 Company name |
P.B.K. INTERNATIONAL BVBA |
|
Fax number |
034759123 Date founded |
03/12/2007 |
|
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 |
Wholesaler of diamonds
and VAT Number Other Precious stones |
BE.0894.322.974 |
|
Belgian
Bullettin of Acts Publications |
moniteur belge |
|
Company
accounts
Assets
|
Annual accounts |
31-12-2013 % |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
205,935 |
-5.77 |
218,541 |
1208 |
16,698 |
-22.15 |
21,448 |
-18.82 |
26,422 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
204,660 |
-5.80 |
217,266 |
1308 |
15,423 |
-23.55 |
20,173 |
-19.78 |
25,147 |
|
Land & building |
198,536 |
-2.31 |
203,228 |
- |
- |
- |
- |
- |
- |
|
Plant & machinery |
4,909 |
-34.33 |
7,475 |
132 |
3,221 |
38.16 |
2,331 |
17.60 |
1,982 |
|
Furniture & Vehicles |
1,215 |
-81.48 |
6,563 |
-46.22 |
12,203 |
-31.61 |
17,842 |
-22.98 |
23,165 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
1,275 |
0 |
1,275 |
0 |
1,275 |
0 |
1,275 |
0 |
1,275 |
|
Total current assets |
3,455,599 |
31.40 |
2,629,832 |
79.56 |
1,464,592 |
2.80 |
1,424,671 |
23.17 |
1,156,648 |
|
Inventories |
1,548,468 |
12.77 |
1,373,181 |
47.01 |
934,072 |
-18.05 |
1,139,799 |
51.68 |
751,471 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
1,548,468 |
12.77 |
1,373,181 |
47.01 |
934,072 |
-18.05 |
1,139,799 |
51.68 |
751,471 |
|
Trade debtors |
1,894,174 |
59.40 |
1,188,325 |
176 |
429,205 |
56.84 |
273,656 |
-24.66 |
363,248 |
|
Other amounts receivable |
3,161 |
-19.70 |
3,936 |
108 |
1,886 |
-19.88 |
2,354 |
168 |
876 |
|
Cash |
8,580 |
-86.19 |
62,114 |
-36.90 |
98,438 |
1149 |
7,878 |
-80.01 |
39,401 |
|
Miscellaneous current assets |
1,216 |
-46.56 |
2,276 |
129 |
992 |
0.76 |
985 |
-40.34 |
1,651 |
|
Total Assets |
3,661,534 |
28.55 |
2,848,373 |
92.29 |
1,481,291 |
2.43 |
1,446,120 |
22.23 |
1,183,069 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
83,087 |
5.19 |
78,987 |
13.96 |
69,314 |
131 |
29,976 |
12.02 |
26,760 |
|
Issued share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Reserves |
64,487 |
6.79 |
60,387 |
19.07 |
50,714 |
345 |
11,376 |
39.40 |
8,160 |
|
Creditors |
3,578,447 |
29.21 |
2,769,386 |
96.14 |
1,411,977 |
-0.29 |
1,416,144 |
22.47 |
1,156,309 |
|
Other long term loans |
147,129 |
-5.70 |
156,016 |
- |
- |
- |
- |
- |
- |
|
Total long term debts |
147,129 |
-5.70 |
156,016 |
- |
0 |
- |
0 |
- |
0 |
|
Current portion of long term
debt |
8,887 |
4.34 |
8,517 |
- |
- |
- |
- |
- |
- |
|
Financial debts |
30 |
- |
- |
- |
85 |
- |
- |
- |
- |
|
Trade creditors |
2,934,547 |
48.22 |
1,979,839 |
194 |
672,806 |
-5.07 |
708,722 |
43.12 |
495,198 |
|
Amounts Payable for Taxes, Remuneration & Social
Security |
4,326 |
-82.30 |
24,436 |
20.90 |
20,211 |
253 |
5,713 |
9.64 |
5,211 |
|
Miscellaneous current
liabilities |
483,528 |
-19.49 |
600,579 |
-16.46 |
718,875 |
2.45 |
701,708 |
6.98 |
655,900 |
|
Total current liabilities |
3,431,318 |
31.30 |
2,613,370 |
85.09 |
1,411,977 |
-0.29 |
1,416,144 |
22.47 |
1,156,309 |
|
Total Liabilities |
3,661,534 |
28.55 |
2,848,373 |
92.29 |
1,481,291 |
2.43 |
1,446,120 |
22.23 |
1,183,069 |
Ratio analysis
|
Annual
accounts |
31.12.2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Return
on capital employed |
5.56 |
-3.14 |
5.74 |
-93.09 |
83.07 |
404 |
16.48 |
131 |
7.13 |
|
Return
on total assets employed |
0.35 |
-25.53 |
0.47 |
-87.92 |
3.89 |
1044 |
0.34 |
112 |
0.16 |
|
Return
on net assets employed |
15.40 |
-9.84 |
17.08 |
-79.44 |
83.07 |
404 |
16.48 |
131 |
7.13 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.01 |
0 |
1.01 |
-2.88 |
1.04 |
2.97 |
1.01 |
1.00 |
1.00 |
|
Liquidity
ratio / acid ratio |
0.56 |
16.67 |
0.48 |
26.32 |
0.38 |
90.0 |
0.20 |
-42.86 |
0.35 |
|
Current
debt ratio |
41.30 |
24.81 |
33.09 |
62.44 |
20.37 |
-56.88 |
47.24 |
9.33 |
43.21 |
|
Cash
flow |
16,706 |
-19.86 |
20,846 |
-54.59 |
45,907 |
387 |
90,408 |
69.01 |
5,566 |
|
Net
Worth |
83,087 |
5.19 |
78,987 |
13.96 |
69,314 |
131 |
29,976 |
12.02 |
26,760 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
187.91 |
-9.87 |
208.30 |
173483 |
0.12 |
--- |
--- |
--- |
-- |
|
Equity
in percentage |
2.27 |
--18.05 |
2.77 |
-40.81 |
4.68 |
126 |
2.07 |
-8.41 |
2.26 |
|
Total
debt ratio |
43.07 |
22.85 |
35.06 |
72.12 |
20.37 |
-56.88 |
47.24 |
9.33 |
43.21 |
|
Working
Capital |
24,281 |
47.50 |
16,462 |
-68.71 |
52,616 |
516 |
8,528 |
2417 |
339 |
Profit & Loss
|
Annual accounts |
31.12.2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Gross Operating Margin |
39,886 |
-32.78 |
59,337 |
-12.13 |
67,527 |
434 |
12,644 |
42.63 |
8,865 |
|
Employees Costs |
1 |
-- |
--- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Other employee costs |
1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Amortization and depreciation |
12,606 |
12.83 |
11,172 |
70.08 |
6,569 |
6.08 |
6,192 |
25.54 |
4,933 |
|
Operating result |
23,097 |
8.41 |
21,304 |
-64.00 |
59,182 |
930 |
5,743 |
93.02 |
2,975 |
|
Total financial income |
126 |
309 |
31 |
-74.73 |
122 |
53039 |
0 |
-99 |
28 |
|
Total financial expenses |
10,428 |
32.91 |
7,846 |
353 |
1,729 |
115 |
803 |
-26.76 |
1,096 |
|
Results on ordinary
operations before taxation |
12,795 |
-5.15 |
13,489 |
-76.57 |
57,576 |
1065 |
4,941 |
158 |
1,908 |
|
Results for the Year Before
Taxation |
12,795 |
-5.15 |
13,489 |
-76.57 |
57,576 |
1065 |
4,941 |
158 |
1,908 |
|
Taxation |
8,695 |
127 |
3,816 |
-79.08 |
18,238 |
957 |
1,725 |
35.40 |
1,274 |
|
Results on ordinary
operations after taxation |
4,100 |
-57.61 |
9,673 |
-75.41 |
39,338 |
1123 |
3,215 |
407 |
634 |
|
Net result |
4,100 |
-57.61 |
9,673 |
-75.41 |
39,338 |
1123 |
3,215 |
407 |
634 |
|
Profit (Loss) for the Year
to be appropriated |
4,100 |
-57.61 |
9,673 |
-75.41 |
39,338 |
1123 |
3,215 |
407 |
634 |
Industry
comparison
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
Industry average payment
expectation days 124.39
Industry average day sales
Outstanding 141.74
Industry
quartile analysis
Payment expectations
Lower 122.66
Median 76.39
Upper 46.98
Day sales outstanding
Lower 102.84
Median 54.50
Upper 24.07
Group
Structure
No group structure for this company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interests found
Summons
there is no data for this company
Protested
Bills
there is no data for this company
Bankruptcy
and other legal events
there is no data for this company
Director
details
Current director details
Name RAVI KUMAR KUDAL
Position Principal Manager
Start Date 01/08/2008
Street 19 VAN
LERIUSSTRAAT ANTWERPEN
Post code 2018
Country Belgium
DIAMOND INDUSTRY – INDIA
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
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.
-
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.61.93 |
|
UK Pound |
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.