MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
G.S. DIAMONDS BVBA |
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|
|
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Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
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Country : |
Belgium |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.09.2011 |
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Com. Reg. No.: |
839603492 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of diamonds and other precious stones |
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No of Employees : |
From 1 To 4 Employees |
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 |
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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) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 839603492
Company name G.S. DIAMONDS BVBA
Address PELIKAANSTRAAT 62
2018 ANTWERPEN
Number of staff from 1 to 4 Employees
Date of establishment 23/09/2011
Telephone number 033378476
Commentary
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The business has 1 employees. |
|
|
|
The business has been at the address for
over 11 months. |
|
|
|
Operating Result in the latest trading
period decreased 50% on the previous trading period. |
|
|
|
A 697% growth in Total Assets occurred
during the latest trading period. |
|
|
|
Pre-tax profits decreased by 52% compared
to the previous trading period. |
|
|
|
The business saw a decrease in their Cash
Balance of 42% during the latest trading period. |
|
|
Accounts
|
DATE OF LATEST
ACCOUNTS TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 ---- |
3,704 |
26,846 |
25,007 |
|
31/12/2012 824,880 |
7,758 |
23,868 |
20,789 |
Accounts
|
DATE OF LATEST
ACCOUNTS BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 777,570 |
From 1 To 4 Employees |
18,600 |
3,858 |
|
31/12/2012 97,450 |
0 |
18,600 |
5,731 |
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Industry average
payment expectation days 124.35
Industry average day
sales outstanding 141.72
Company
information
Business number 839603492
Company name G.S. DIAMONDS BVBA
Date founded 23/09/2011
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2013
Liable for VAT yes
Activity code 46761
Activity description Wholesaler of
diamonds and other precious stones
VAT Number BE.0839.603.492
Belgian Bullettin of Acts
Publications moniteur belge
Personnel
(NSSO
classification)
Description FROM 1 TO 4
EMPLOYEES
Joint
Industrial Committee
(JIC)
Significant Events
Event Date 19/11/2012
Event Description resignation-appointment
of director(s)
Event Details Commentaar
01-01-2013: Besloten werd om de heer Mehta Harshad te benoemen tot
zaakvoerder vanaf
01/01/2013.
Company
accounts
Assets
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
|
66 |
|
Currency |
EUR |
|
EUR |
|
Total fixed assets |
1,839 |
-40.28 |
3,079 |
|
Intangible fixed assets |
0 |
- |
0 |
|
Tangible fixed assets |
1,564 |
-36.02 |
2,444 |
|
Land & building |
- |
- |
- |
|
Plant & machinery |
570 |
-42.19 |
987 |
|
Furniture & Vehicles |
993 |
-31.84 |
1,458 |
|
Leasing & Other Similar Rights |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
|
Financial fixed assets |
275 |
-56.69 |
635 |
|
Total current assets |
775,731 |
722 |
94,371 |
|
Inventories |
243,431 |
243 |
70,944 |
|
Raw materials & consumables |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
|
Other stocks |
243,431 |
243 |
70,944 |
|
Trade debtors |
513,129 |
188800 |
272 |
|
Other amounts receivable |
6,296 |
816 |
687 |
|
Cash |
12,875 |
-42.69 |
22,468 |
|
Miscellaneous current assets |
0 |
- |
0 |
|
Total Assets |
777,570 |
697 |
97,450 |
|
Liabilities |
|
|
|
|
Total shareholders equity` |
26,846 |
12.48 |
23,868 |
|
Issued Share Capital |
18,600 |
0 |
18,600 |
|
Reserves |
8,246 |
56.53 |
5,268 |
|
Creditors |
750,723 |
920 |
73,582 |
|
Trade Creditors |
685,417 |
79093 |
866 |
|
Amounts Payable for Taxes, Remuneration & Social Security |
1,069 |
-63.97 |
2,968 |
|
Miscellaneous current liabilities |
64,237 |
-7.90 |
69,749 |
|
Total current liabilities |
750,723 |
920 |
73,582 |
|
Total Liabilities |
777,570 |
697 |
97,450 |
Ratio Analysis
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
|
66 |
|
Currency |
EUR |
|
EUR |
|
Trading Performance |
|
|
|
|
Profit
Before Tax |
-- |
--- |
0.94 |
|
Return
on capital employed |
13.80 |
-57.54 |
32.50 |
|
Return
on total assets employed |
0.48 |
-93.97 |
7.96 |
|
Return
on net assets employed |
13.80 |
-57.54 |
32.50 |
|
Sales
/ net working capital |
-- |
-- |
39.68 |
|
Stock
turnover ratio |
-- |
-- |
8.60 |
|
Creditor
days |
--- |
-- |
0.39 |
|
Debtor
days |
-- |
-- |
0.12 |
|
Short
Term Liability |
|
|
|
|
Current
ratio |
1.03 |
-19.53 |
1.28 |
|
Liquidity
ratio / acid ratio |
0.71 |
121 |
0.32 |
|
Current
debt ratio |
27.96 |
807 |
3.08 |
|
Cash
flow |
3,858 |
-32.68 |
5,731 |
|
Net
worth |
26,846 |
12.48 |
23,868 |
|
Long
Term stability |
|
|
|
|
equity in
Percentage |
3.45 |
-85.91 |
24.49 |
|
Total
Debt Ratio |
27.96 |
807 |
3.08 |
|
Working
Capital |
25,007 |
20.29 |
20,789 |
Profit & loss
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
|
Weeks |
52 |
|
66 |
|
Currency |
EUR |
|
EUR |
|
Turnover |
-- |
-- |
824,880 |
|
Total operating expenses |
--- |
--- |
816,827 |
|
Gross Operating Margin |
6,212 |
-52.72 |
13,140 |
|
Employee costs |
186 |
-93.13 |
2,713 |
|
Wages and salary |
-- |
--- |
1,882 |
|
Social security contributions |
205 |
-64.98 |
584 |
|
Other employee costs |
-18 |
-107 |
247 |
|
Amortization and depreciation |
880 |
90.11 |
463 |
|
Operating result |
3,986 |
-50.51 |
8,053 |
|
Total financial income |
0 |
-97.50 |
0 |
|
Total financial expenses |
282 |
-4.45 |
295 |
|
Results on ordinary operations before taxation |
3,704 |
-52.26 |
7,758 |
|
Results for the Year Before Taxation |
3,704 |
-52.26 |
7,758 |
|
Taxation |
726 |
-70.85 |
2,490 |
|
Results on ordinary operations after taxation |
2,978 |
-43.47 |
5,268 |
|
Net result |
2,978 |
-43.47 |
5,268 |
|
Profit (Loss) for the Year to be |
2,978 |
-43.47 |
5,268 |
Social
Balance Sheet Details
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Average number employees in Fte
0
Actual working hours 171
Personnel Charges 2,713
Benefits In Addition To Wages -
Industry
comparison
|
Activity code |
46761 |
|
Activity description |
Wholesaler of
diamonds and other precious stones |
|
Industry average payment expectation days |
124.35 |
|
Industry average day sales outstanding |
141.72 |
Industry
quartile analysis
Payment expectations
Company result -
Lower 122.66
Median 76.39
Upper 46.98
Day sales outstanding
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
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 |
HARSHAD SEVANTILAL MEHTA |
|
Position |
Principal Manager |
|
Start Date |
01/01/2013 |
|
Street |
88 GROENENBORGERLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
MAYUR KUMAR |
|
Position |
Principal Manager |
|
Start Date |
26/09/2011 |
|
Street |
88 GROENENBORGERLAAN ANTWERPEN |
|
Post code |
2610 |
|
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 |
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|
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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.