|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
I.D.R.P. BVBA |
|
|
|
|
Registered Office : |
Schupstraat 18, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.10.1984 |
|
|
|
|
Com. Reg. No.: |
426455748 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
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 426455748
Company name I.D.R.P. BVBA
Address SCHUPSTRAAT 18
2018 ANTWERPEN
Number of staff 5
Date of establishment 17/10/1984
Telephone number 032332583
Fax number 032336637
The business was
established over 30 years ago.
The business has 5
employees.
The business has
been at the address for over 19 years.
The business saw a decrease
in their Cash Balance of 66% during the latest trading period.
|
Accounts |
||||
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
111,060,529 |
109,634 |
6,598,160 |
6,611,592 |
|
31/12/2012 |
116,004,342 |
133,307 |
6,519,231 |
6,547,932 |
|
31/12/2011 |
104,367,057 |
193,243 |
6,423,487 |
6,723,287 |
|
|
|
|
|
|
|
Accounts |
||||
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
31,443,519 |
5 |
18,600 |
100,489 |
|
31/12/2012 |
35,203,242 |
4 |
18,600 |
115,995 |
|
31/12/2011 |
19,771,863 |
3 |
18,600 |
144,571 |
|
Payment expectations |
||||
|
Past payments |
|
Payment expectation days |
37.85 |
|
|
Industry average payment expectation days |
124.39 |
Industry average day sales outstanding |
141.74 |
|
|
Day sales outstanding |
65.94 |
|
|
|
|
Court data summary |
||||
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business number |
426455748 |
Company name |
I.D.R.P.
BVBA |
|
Fax number |
032336637 |
Date founded |
17/10/1984 |
|
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 |
VAT Number |
BE.0426.455.748 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
JIC Code 218
Description Additional national
joint committee for the employees
Category
JIC Code 324
Description Joint committee for
the industry and the trade in diamant
Category
Significant Events
Event Date 24/11/2008
Event Description
Event Details Het mandaat van de
zaakvoerder Leon Gotlib wordt vanaf 31-12-2008 onbezoldigd uitgeoefend.
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 |
1,930,068 |
-0.07 |
1,931,466 |
-0.03 |
1,932,034 |
570 |
288,335 |
8.47 |
265,830 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
1,906,229 |
-0.07 |
1,907,627 |
-0.03 |
1,908,164 |
621 |
264,466 |
9.30 |
241,961 |
|
Land & building |
1,857,195 |
-0.34 |
1,863,463 |
-0.34 |
1,869,732 |
750 |
219,748 |
-2.77 |
226,016 |
|
Plant &
machinery |
21,690 |
332 |
5,015 |
-33.96 |
7,595 |
-6.90 |
8,158 |
-35.09 |
12,567 |
|
Furniture
& Vehicles |
27,344 |
-30.15 |
39,149 |
26.95 |
30,838 |
-15.65 |
36,561 |
982 |
3,378 |
|
Leasing
& Other Similar Rights Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
fixed assets |
23,839 |
0 |
23,839 |
-0.13 |
23,869 |
0 |
23,869 |
0.00 |
23,869 |
|
Total
current assets |
29,513,451 |
-11.30 |
33,271,776 |
86.50 |
17,839,829 |
32.44 |
13,470,233 |
-19.58 |
16,749,007 |
|
Inventories |
9,322,170 |
-1.91 |
9,503,727 |
43.47 |
6,624,069 |
7.20 |
6,179,247 |
-7.49 |
6,679,501 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
9,322,170 |
-1.91 |
9,503,727 |
43.47 |
6,624,069 |
7.20 |
6,179,247 |
-7.49 |
6,679,501 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
debtors |
20,064,938 |
-14.90 |
23,577,729 |
120 |
10,672,591 |
58.03 |
6,753,538 |
-26.16 |
9,146,565 |
|
Other
amounts receivable |
6,862 |
-66.24 |
20,327 |
-90.96 |
224,792 |
2.15 |
220,065 |
1832 |
11,390 |
|
Cash |
45,918 |
-66.58 |
137,392 |
-56.75 |
317,645 |
7.29 |
296,058 |
-66.88 |
893,833 |
|
Miscellaneous current assets |
23,562 |
-27.72 |
32,600 |
4341 |
734 |
-96.56 |
21,325 |
20.36 |
17,718 |
|
Total assets |
31,443,519 |
-10.68 |
35,203,242 |
78.05 |
19,771,863 |
43.71 |
13,758,569 |
-19.14 |
17,014,837 |
|
LIABILITIES |
|||||||||
|
Total shareholders equity |
6,598,160 |
1.21 |
6,519,231 |
1.49 |
6,423,487 |
38.39 |
4,641,534 |
2.61 |
4,523,497 |
|
Issued share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
1,656,252 |
0 |
1,656,252 |
0 |
1,656,252 |
- |
- |
- |
- |
|
Reserves |
4,923,308 |
1.63 |
4,844,379 |
2.02 |
4,748,635 |
2.72 |
4,622,934 |
2.62 |
4,504,897 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
24,845,359 |
-13.38 |
28,684,011 |
114 |
13,348,376 |
46.41 |
9,117,035 |
-27.01 |
12,491,339 |
|
Other long term loans |
62,500 |
-21.05 |
79,167 |
-17.39 |
95,834 |
-14.81 |
112,500 |
-12.90 |
129,167 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
1,881,000 |
0 |
1,881,000 |
-11.94 |
2,136,000 |
30.56 |
1,636,000 |
-8.40 |
1,786,001 |
|
Total long term debts |
1,943,500 |
-0.85 |
1,960,167 |
-12.17 |
2,231,834 |
27.64 |
1,748,500 |
-8.70 |
1,915,168 |
|
Current portion of long term debt |
16,667 |
0 |
16,667 |
0 |
16,667 |
0 |
16,667 |
0.00 |
16,667 |
|
Financial debts |
11,357,869 |
-41.13 |
19,292,491 |
136 |
8,154,512 |
536 |
1,280,145 |
-42.73 |
2,235,112 |
|
Trade creditors |
11,443,909 |
59.17 |
7,189,902 |
163 |
2,726,546 |
-54.05 |
5,933,354 |
-27.84 |
8,222,269 |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
55,424 |
-39.54 |
91,677 |
-32.54 |
135,901 |
82.83 |
74,330 |
600 |
10,610 |
|
Miscellaneous current liabilities |
27,990 |
-78.97 |
133,108 |
60.53 |
82,917 |
29.48 |
64,039 |
-30.02 |
91,514 |
|
Total current liabilities |
22,901,859 |
-14.30 |
26,723,844 |
140 |
11,116,542 |
50.87 |
7,368,535 |
-30.33 |
10,576,172 |
|
Total Liabilities |
31,443,519 |
-10.68 |
35,203,242 |
78.05 |
19,771,863 |
43.71 |
13,758,569 |
-19.14 |
17,014,837 |
|
RATIO ANALYSIS |
|||||||||
|
TRADING PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.10 |
-9.09 |
0.11 |
-42.11 |
0.19 |
-13.64 |
0.22 |
-33.33 |
0.33 |
|
Return on capital employed |
1.28 |
-18.47 |
1.57 |
-29.60 |
2.23 |
-18.61 |
2.74 |
47.31 |
1.86 |
|
Return on total assets employed |
0.35 |
-7.89 |
0.38 |
-61.22 |
0.98 |
-22.83 |
1.27 |
81.43 |
0.70 |
|
Return on net assets employed |
1.66 |
-18.63 |
2.04 |
-32.23 |
3.01 |
-20.16 |
3.77 |
42.26 |
2.65 |
|
Sales / net working capital |
16.80 |
-5.19 |
17.72 |
14.18 |
15.52 |
19.20 |
13.02 |
118 |
5.97 |
|
Stock turnover ratio |
8.39 |
2.44 |
8.19 |
28.98 |
6.35 |
-18.38 |
7.78 |
-57.09 |
18.13 |
|
Creditor days |
37.85 |
66.37 |
22.75 |
137 |
9.58 |
-65.01 |
27.38 |
-66.59 |
81.96 |
|
Debtor days |
65.94 |
-11.12 |
74.19 |
98.79 |
37.32 |
20.27 |
31.03 |
-65.75 |
90.61 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.29 |
3.20 |
1.25 |
-21.88 |
1.60 |
-12.57 |
1.83 |
15.82 |
1.58 |
|
Liquidity
ratio / acid ratio |
0.88 |
-1.12 |
0.89 |
-11.88 |
1.01 |
2.02 |
0.99 |
4.21 |
0.95 |
|
Current
debt ratio |
3.47 |
-15.37 |
4.10 |
136 |
1.73 |
8.81 |
1.59 |
-32.05 |
2.34 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
100,489 |
-13.37 |
115,995 |
-19.77 |
144,571 |
9.20 |
132,390 |
-0.06 |
132,473 |
|
Net
worth |
6,598,160 |
1.21 |
6,519,231 |
1.49 |
6,423,487 |
38.39 |
4,641,534 |
2.61 |
4,523,497 |
|
Gearing |
173.34 |
-41.71 |
297.40 |
131 |
128.70 |
323 |
30.36 |
-42.33 |
52.64 |
|
Equity
in percentage |
20.98 |
13.28 |
18.52 |
-43.00 |
32.49 |
-3.70 |
33.74 |
26.89 |
26.59 |
|
Total
debt ratio |
3.77 |
-14.32 |
4.40 |
111 |
2.08 |
6.12 |
1.96 |
-28.99 |
2.76 |
|
Working
capital |
6,611,592 |
0.97 |
6,547,932 |
-2.61 |
6,723,287 |
10.19 |
6,101,699 |
-1.15 |
6,172,835 |
|
PROFIT
& LOSS |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
111,075,064 |
-4.25 |
116,006,622 |
11.15 |
104,369,624 |
31.36 |
79,453,068 |
115 |
36,846,243 |
|
Turnover |
111,060,529 |
-4.26 |
116,004,342 |
11.15 |
104,367,057 |
31.36 |
79,452,860 |
115 |
36,846,243 |
|
Total
operating expenses |
110,368,123 |
-4.34 |
115,374,100 |
11.04 |
103,903,455 |
31.37 |
79,093,425 |
116 |
36,617,314 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Charges |
110,382,658 |
-4.33 |
115,376,380 |
11.04 |
103,906,021 |
31.37 |
79,093,634 |
116 |
36,617,313 |
|
Employee
costs |
178,034 |
11.53 |
159,632 |
24.35 |
128,372 |
3.70 |
123,797 |
41.48 |
87,499 |
|
Wages
and salary |
140,885 |
10.35 |
127,669 |
23.92 |
103,022 |
8.52 |
94,938 |
30.32 |
72,852 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
27,773 |
3.75 |
26,769 |
18.80 |
22,534 |
-13.44 |
26,034 |
101 |
12,897 |
|
Other
employee costs |
9,376 |
80.54 |
5,193 |
84.41 |
2,816 |
-0.33 |
2,826 |
61.56 |
1,749 |
|
Director
remuneration |
- |
- |
52,265 |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
21,560 |
6.46 |
20,252 |
7.33 |
18,869 |
31.45 |
14,354 |
-0.62 |
14,444 |
|
Operating
result |
692,406 |
9.86 |
630,242 |
35.94 |
463,603 |
28.98 |
359,434 |
57.01 |
228,929 |
|
Total
financial income |
14,670 |
285 |
3,801 |
1976 |
183 |
-78.86 |
866 |
2373 |
35 |
|
Total
financial expenses |
597,441 |
19.31 |
500,737 |
85.09 |
270,543 |
46.10 |
185,172 |
69.75 |
109,086 |
|
Results
on ordinary operations before taxation |
109,634 |
-17.76 |
133,307 |
-31.02 |
193,243 |
10.34 |
175,128 |
46.09 |
119,879 |
|
Extraordinary
income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results
for the year before taxation |
109,634 |
-17.76 |
133,307 |
-31.02 |
193,243 |
10.34 |
175,128 |
46.09 |
119,879 |
|
Other
appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation
|
30,705 |
-18.26 |
37,563 |
-44.39 |
67,541 |
18.30 |
57,092 |
2986 |
1,850 |
|
Results
on ordinary operations after taxation |
78,929 |
-17.56 |
95,744 |
-23.83 |
125,701 |
6.49 |
118,036 |
0.01 |
118,029 |
|
Net
results |
78,929 |
-17.56 |
95,744 |
-23.83 |
125,701 |
6.49 |
118,036 |
0.01 |
118,029 |
|
Profit
(loss) for the year to be appropriated |
78,929 |
-17.56 |
95,744 |
-23.83 |
125,701 |
6.49 |
118,036 |
0.01 |
118,029 |
|
Dividends
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet Details
|
Social
Balance Sheet |
Total |
|
|
|
During the
reporting year ended 31-12-2013 |
|||
|
Full-time
Employees |
5 |
|
|
|
Part-time
Employees |
2 |
|
|
|
Total Fte
Employees |
6 |
|
|
|
|
|||
|
Number of
hours worked |
|||
|
Full-time
Employees |
8,688 |
|
|
|
Part-time
Employees |
1,106 |
|
|
|
Total |
9,794 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
157,855 |
|
|
|
Part-time
Employees |
20,179 |
|
|
|
Total |
178,034 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|||
|
During the
previous reporting year |
|||
|
Average
number employees in Fte |
4 |
|
|
|
Actual
working hours |
9,020 |
|
|
|
Personnel
Charges |
159,632 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|
|
|
|
|
|||
|
Type of
Contract Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration 5 Contracts |
2 |
5 |
|
|
Limited
Duration Contracts - |
- |
- |
|
|
Contracts For Specific
Work - |
- |
- |
|
|
Contracts Regarding
Substitution |
- |
- |
|
|
Gender and
Education |
|
|
|
|
|
Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Secondairy
education |
- |
1 |
0 |
|
|
Higher
education (non |
- |
- |
- |
|
|
university) |
|
|
|
|
|
Higher
education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary
education |
5 |
1 |
5 |
|
|
|
||||
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
|
White
collar worker |
5 |
1 |
5 |
|
|
Blue collar
worker |
- |
1 |
0 |
|
|
|
|
|
|
|
|
New staff
and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New
starters |
2 |
1 |
2 |
|
|
Leavers |
1 |
1 |
1 |
|
|
Industry
comparison |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesaler
of diamonds and other precious stones |
|
Payment
expectations |
|
|
Payment
expectation days |
37.85 |
|
Day
sales outstanding |
65.94 |
|
|
|
|
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 |
|
|
Company
result |
37.85 |
|
Lower |
122.66 |
|
Median |
76.39 |
|
Upper |
46.98 |
|
Day
sales outstanding |
|
|
Company
result |
65.94 |
|
Lower |
102.84 |
|
Median |
54.50 |
|
Upper |
24.07 |
Minority
Shareholders
No
minority shareholders found
Minority
Interests
No minority interest found
Individual
Shareholders
SHAREHOLDER NAME
|
Forename |
Leon |
Middle name |
- |
|
Surname |
Gotlib |
|
|
|
|
|
|
|
|
SHAREHOLDER DETAILS |
|||
|
Start date |
08/04/1997(estimated) |
End date |
- |
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
Switzerland |
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 NAFTALI HOLZER
Position Principal Manager
Start Date 01/01/2013
Street 46 CHARLOTTALEI
ANTWERPEN
Post code 2018
Country Belgium
Name DAVID GOTLIB
Position Principal Manager
Start Date 15/12/2009
Date of birth 09/05/1977
Street 31 CHARLOTTALEI
ANTWERPEN
Post code 2018
Country Belgium
Former director details
Name LEON MARCEL GOTLIB
Position Principal Manager
Start Date 09/01/2009
End Date 15/12/2009
Date of birth 22/11/1947
Street
Post code
Country Switzerland
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.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.