|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND REALISATIONS BELGIUM NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.10.1973 |
|
|
|
|
Com. Reg. No.: |
413176547 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No of Employees : |
From
1 to 4 |
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 |
Business number 413176547
Company name DIAMOND REALISATIONS BELGIUM NV
Address HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number of staff 0
Date of establishment 18/10/1973
Telephone number
Fax number 032329026
The business was established over 41 years ago.
The business has 1 employees.
The business has been at the address for over 23 months.
Net Worth increased by 42% during the latest trading period.
A 468% growth in Total Assets occurred during the latest trading period.
The business saw an increase in their Cash Balance of 439% during the
latest trading period.
Date of Latest Accounts Turnover
Profit Before Tax Net Worth Working Capital
31/12/2012 126,434
315,804 287,713
31/12/2011 157,199
220,893 220,893
31/12/2010 110,567
105,741 105,741
Date of Latest Accounts Balance
Total Number of Employees Capital Cashflow
31/12/2012 4,444,095
0 2,800,000 98,621
31/12/2011 -
0 2,800,000 115,152
31/12/2010 -
0 2,800,000 87,055
Past payments
Payment expectation days -
Industry average payment expectation days 124.35
Industry average day sales outstanding 141.72
Day sales outstanding -
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business number |
413176547 |
Company name |
DIAMOND REALISATIONS BELGIUM
NV |
|
Fax number |
032329026 |
Date founded |
18/10/1973 |
|
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 and
other precious stones |
VAT Number |
BE.0413.176.547 Check VAT
number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
Personnel (NSSO classification)
|
|
|
Code |
|
|
Description |
FROM
1 TO 4 EMPLOYEES |
|
|
|
|
|
|
Joint Industrial Committee (JIC)
|
|
|
Significant
Events |
|
|
Event
Date |
11/05/2010 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
11 -05-2010: Herbenoeming bestuurders voor een periode van 6 jaar: Dani Shein (tevens
gedelegeerd bestuurder) en Naftali Goldstoff. |
|
|
|
|
Event
Date |
11/05/2010 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
11 -05-2010: Herbenoeming bestuurders voor een periode van 6 jaar: Dani Shein (tevens
gedelegeerd bestuurder) en Naftali Goldstoff. |
|
|
|
|
Event
Date |
11/05/2010 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
11 -05-2010: Herbenoeming bestuurders voor een periode van 6 jaar: Dani Shein (tevens
gedelegeerd bestuurder) en Naftali Goldstoff. |
Assets
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
% |
31-12-2008 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
28,091 |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
28,091 |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Land
& building |
- |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Plant
& machinery |
-- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Furniture
& Vehicles |
28,091 |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Leasing
& Other Similar Rights
|
- |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
fixed assets |
-- |
- |
- |
- |
- |
- |
- |
- |
|
|
Total
current assets |
4,416,004 |
464 |
781,921 |
57.58 |
496,218 |
-47.20 |
939,747 |
87.33 |
501,644 |
|
Inventories |
147,965 |
-13.33 |
170,731 |
-38.22 |
276,368 |
-24.07 |
363,975 |
-18.65 |
447,413 |
|
Raw
materials & |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
stocks |
147,965 |
-13.33 |
170,731 |
-38.22 |
276,368 |
-24.07 |
363,975 |
-18.65 |
447,413 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade
debtors |
2,263,992 |
101958 |
2,218 |
12.19 |
1,977 |
-99 |
525,462 |
1839 |
27,096 |
|
Other
amounts receivable |
113,404 |
-32.29 |
167,476 |
6549 |
2,519 |
76.95 |
1,423 |
318 |
340 |
|
Cash |
1,889,482 |
439 |
350,497 |
63.16 |
214,814 |
346 |
48,093 |
88.61 |
25,499 |
|
Miscellaneous
current assets |
1,161
|
-98.72 |
90,998 |
16744 |
540 |
-31.91 |
793 |
-38.83 |
1,297 |
|
Total Assets |
4,444,095 |
468 |
781,921 |
57.58 |
496,218 |
-47.20 |
939,747 |
87.33 |
501,644 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders
equity |
315,804 |
0 |
|
0 |
2,800,000 |
0 |
2,800,000 |
-15.54 |
22,124 |
|
Issued share
capital |
2,800,00 |
|
|
|
|
|
|
0 |
2,800,000 |
|
Share premium
account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
|
|
|
|
|
|
|
|
|
|
Creditors |
4,128,291 |
635 |
561,028 |
43.68 |
390,477 |
-57.61 |
921,061 |
92.08 |
479,521 |
|
Other long term
loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term
liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
0 |
-1 |
|
Total long term
debts |
0 |
- |
0 |
- |
0 |
- |
0 |
0 |
-1 |
|
Current portion of
long term |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
362,368 |
7.61 |
336,740 |
8.43 |
310,552 |
-24.05 |
408,878 |
-14.37 |
477,521 |
|
Trade creditors |
2,180,495 |
22540 |
9,631 |
-74.13 |
37,234 |
-92.73 |
512,183 |
25509 |
2,000 |
|
Amounts Payable for
Taxes, Remuneration & Social Security |
89,114 |
66.15 |
53,633 |
128 |
23,512 |
- |
|
- |
|
|
Miscellaneous
current liabilities |
1,496,314 |
829 |
161,024 |
739 |
19,180 |
- |
0 |
- |
0 |
|
Total current
liabilities |
4,128,291 |
635 |
561,028 |
43.68 |
390,477 |
-57.61 |
921,061 |
92.08 |
479,521 |
|
Total Liabilities |
4,444,095 |
468 |
781,921 |
57.58 |
496,218 |
-47.20 |
939,747 |
87.33 |
501,644 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
- |
- |
- |
- |
- |
- |
0.54 |
9.64 |
-5.60 |
|
Return on capital
employed |
40.04 |
-43.74 |
71.17 |
-31.93 |
104.56 |
509 |
17.16 |
5.19 |
-330.57 |
|
Return on total
assets employed |
2.84 |
-85.87 |
20.10 |
-9.78 |
22.28 |
6452 |
0.34 |
2.33 |
-14.58 |
|
Return on net
assets employed |
40.04 |
-43.74 |
71.17 |
-31.93 |
104.56 |
509 |
17.16 |
5.19 |
-330.56 |
|
Sales / net working
|
- |
- |
- |
- |
- |
- |
31.69 |
-46.30 |
59.01 |
|
|
|
|
|
|
|
|
|
|
|
|
Stock turnover
ratio |
- |
- |
- |
- |
- |
- |
61.47 |
79.37 |
34.27 |
|
Creditor days |
- |
- |
- |
- |
- |
- |
308.05 |
54908 |
0.56 |
|
Debtor days |
- |
- |
- |
- |
- |
- |
323.91 |
4173 |
7.58 |
SHORT TERM STABILITY
|
Current
ratio |
1.07 |
-23.02 |
1.39 |
9.45 |
1.27 |
24.51 |
1.02 |
-2.86 |
1.05 |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity
ratio / acid ratio |
1.03 |
-5.50 |
1.09 |
94.64 |
0.56 |
-11.11 |
0.63 |
472 |
0.11 |
|
Current
debt ratio |
13.07 |
414 |
2.54 |
-31.17 |
3.69 |
-92.51 |
49.29 |
127 |
21.67 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
98,621 |
-14.36 |
115,152 |
32.28 |
87,055 |
2532 |
-3,437 |
4.70 |
-73,133 |
|
Net
worth |
315,804 |
42.97 |
220,893 |
108 |
105,741 |
465 |
18,687 |
-15.54 |
22,124 |
|
Gearing |
114.74 |
-24.73 |
152.44 |
-48.09 |
293.69 |
-86.58 |
2,188.08 |
1.38 |
2,158.38 |
|
|
|
|
|
|
|
|
|
|
|
|
Equity
in percentage |
7.11 |
-74.83 |
28.25 |
32.57 |
21.31 |
970 |
1.99 |
-54.88 |
4.41 |
|
Total
debt ratio |
13.07 |
414 |
2.54 |
-31.17 |
3.69 |
-92.51 |
49.29 |
127 |
21.67 |
|
Working
capital |
287,713 |
30.25 |
220,893 |
108 |
105,741 |
465 |
18,687 |
-15.53 |
22,123 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit
& loss |
|
|
|
|
|
|
|
|
|
|
Operating
Income
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
- |
- |
- |
- |
- - |
- |
592,122 |
-54.64 |
1,305,450 |
|
Total
operating expenses |
- |
- |
- |
- |
- - |
- |
606,861 |
-53.58 |
1,307,368 |
|
Gross
Operating Margin |
768,333 |
458 |
-167,602 |
-392 |
57,208 |
420 |
-13,609 |
-1624 |
-789 |
|
Operating
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
costs |
18,825 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages
and salary |
13,110 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
4,689 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
employee costs |
1,025 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director
remuneration |
- |
- |
- |
- |
- - |
- |
- |
- |
- |
|
Amortization
and depreciation |
3,710 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
result |
744,329 |
440 |
-168,934 |
-397 |
56,807 |
385 |
-14,740 |
-668 |
-1,918 |
|
Total
financial income |
1,227,359 |
29.80 |
945,605 |
39.94 |
675,700 |
1349 |
46,616 |
-72.95 |
172,347 |
|
Total
financial expenses |
1,845,255 |
197 |
619,472 |
-0.40 |
621,940 |
2069 |
28,671 |
-88.23 |
243,562 |
|
Results
on ordinary operations before taxation |
126,434 |
-19.57 |
157,199 |
42.18 |
110,567 |
3349 |
3,206 |
4.38 |
-73,133 |
|
Extraordinary
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
-Extraordinary
items |
|
0 |
- |
0 |
: |
- |
0 |
- |
0 |
|
Results
for the Year Before Taxation |
126,434 |
-19.57 |
157,199 |
42.18 |
110,567 |
3349 |
3,206 |
4.38 |
-73,133 |
|
Other
appropriations
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
31,523 |
-25.03 |
42,047 |
23,512 |
253 |
6,643 |
- |
- |
|
|
Results
on ordinary operations after taxation |
94,911 |
-17.58 |
115,152 |
32.28 |
87,055 |
2532 |
-3,437 |
4.70 |
-73,133 |
|
Net result |
94,911 |
-17.58 |
115,152 |
32.28 |
87,055 |
2532 |
-3,437 |
4.70 |
-73,133 |
|
Profit (Loss) for the Year to be
appropiated |
94,911 |
-17.58 |
115,152 |
32.28 |
87,055 |
2532 |
-3,437 |
4.70 |
-73,133 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Activity code 46761
Activity description Wholesale of diamonds
and other precious stones
industry average credit rating 64.48
Industry average credit limit 140177.31
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment expectation days 124.35
Industry average day sales outstanding 141.72
Payment expectations
Company result -
Lower 122.66
Median 76.39
Upper 46.98
Company result -
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
Business number Company
name % Date of accounts
- CRYSTAL
BEAM MELODY 5 -
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
Current director details
Name JOSEF EMERIC FLIES
Position Managing Director
Start Date 10/12/2012
Street 429 FRANKLIN
ROOSEVELTLAAN GENT
Post code 9000
Country Belgium
Position Director
Start Date 11/05/2010
Street 429 FRANKLIN
ROOSEVELTLAAN GENT
Post code 9000
Country Belgium
Name NAFTALI BENZION GOLDSTOFF
Position Director
Start Date 04/08/2010
Street 15 SIMON
STEVINLAAN EDEGEM
Post code 2650
Country Belgium
Name SARAH STEWART
Position Managing Director
Start Date 23/11/2012
Street
Post code
Country United Kingdom
Position Director
Start Date 23/11/2012
Street
Post code
Country United Kingdom
Name ALEXANDER BEAL
Position Managing Director
Start Date 04/09/2013
Street
Post code
Country
Position Director
Start Date 04/09/2013
Street
Post code
Country
Name ARIE SELA
Position Managing Director
Start Date 24/07/2013
Street
Post code
Country
Position Director
Start Date 24/07/2013
Street
Post code
Country
Name JOZEF FLIES
Position Managing Director
Start Date 11/05/2010
Street
Post code
Country
Position Director
Start Date 11/05/2010
Street
Post code
Country
Name SHELDON SHEIN
Position Managing Director
Start Date 31/03/2005
Street
Post code
Country
Former director details
Name NAFTALI BENZION
GOLDSTOF
Position Managing Director
Start Date 11/05/2010
End Date Unknown date
Street
Post code
Country
Position Director
Start Date 28/09/2001
End Date 27/08/2013
Street
Post code
Country
Name DANI SHELDON SHEIN
Position Managing Director
Start Date 31/03/2005
End Date 23/11/2012
Street 27 ELY PLACE
Post code ECIN6TD
Country United Kingdom
Position Director
Start Date 04/11/1996
End Date 23/11/2012
Street 27 ELY PLACE
Post code ECIN6TD
Country United Kingdom
Name SHELDON SHEIN DANI
Position Director
Start Date 08/06/1998
End Date Unknown date
Street BRAMPTON GRIVE
Post code NW4 AE
Country United Kingdom
Name GEORGE MC RAE
Position Director
Start Date 10/08/1997
End Date Unknown date
Street 12 KNIVET CLOSE
Post code SS6 8PD
Country United Kingdom
Name CHRISTOPHER DUNDAS
Position Director
Start Date 10/08/1997
End Date Unknown date
Street LOWTHER ROAD
BARNES
Post code SW13 9N
Country United Kingdom
Name PATRIK VAN CAUTER
Position Commissioner
Start Date 08/06/1998
End Date Unknown date
Street 23 PIETER
GORUSSTRAAT ZELE
Post code 9240
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.