|
Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIACCENTS NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.07.1998 |
|
|
|
|
Com. Reg. No.: |
463916059 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees |
01 |
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 : |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 463916059
Company name DIACCENTS NV
Address HOVENIERSSTRAAT 2
2018 ANTWERPEN
Number of staff 0
Date of establishment 23/07/1998
Telephone number 032269506
The business was
established over 15 years ago.
The business has 1
employees.
The business has been at
the address for over 6 years.
Operating Result in the
latest trading period decreased 123% on the previous trading period.
A 38% decline in Total
Assets occurred during the latest trading period.
Pre-tax profits decreased
by 41% compared to the previous trading period.
The business saw an increase in their Cash Balance of 201 % during the latest trading period
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING CAPITAL |
|
31/12/2012 |
5,025,496 |
12,661 |
250,080 |
215,335 |
|
31/12/2011 |
1
0,853,548 |
21,516 |
234,974 |
212,160 |
|
31/12/2010 |
1
0,389,599 |
18,828 |
218,978 |
193,674 |
|
ACCOUNTS |
||||
|
DATE OF
LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
5,803,117 |
0 |
61,973 |
22,793 |
|
31/12/2011 |
9,503,189 |
0 |
61,973 |
20,736 |
|
31/12/2010 |
6,968,909 |
0 |
61,973 |
23,305 |
Past payments Payment
expectation days 326.70
Industry average payment
expectation days 164.43 Industry
average day sales
outstanding 125.54
Day sales outstanding 58.86
|
Business
number |
463916059 |
Company
name |
DIACCENTS
NV |
|
Fax
number |
|
Date
founded |
23/07/1998 |
|
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.0463.916.059
Check VAT number |
|
Belgian
Bullettin of Acts Publications |
moniteur
belge |
|
|
Code -
Description FROM 1 TO 4
EMPLOYEES
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
5,025,496 |
-53.70 |
1
0,853,548 |
4.47 |
10,389,599 |
46,485,458 |
-89.19 |
|
Total
operating expenses |
5,088,662 |
-51.94 |
1
0,587,884 |
1.61 |
10,420,592 |
46,114,879 |
-88.97 |
|
Operating
result |
-63,166 |
-123 |
265,664 |
857 |
-30,993 |
140,970 |
-144 |
|
Total
financial income |
1,274,455 |
-3.88 |
1,325,950 |
116 |
612,336 |
98,884 |
11 88 |
|
Total
financial expenses |
1,198,628 |
-23.66 |
1,570,098 |
179 |
562,515 |
206,312 |
480 |
|
Results
on ordinary operations before taxation |
12,661 |
-41.16 |
21,516 |
14.28 |
18,828 |
25,266 |
-49.89 |
|
Taxation |
-116 |
-101 |
6,200 |
272 |
1,663 |
20,807 |
-100 |
|
Results
on ordinary operations after taxation |
12,777 |
-16.58 |
15,316 |
-10.77 |
17,165 |
10,475 |
21.98 |
|
Extraordinary
items |
1,650 |
- |
0 |
- |
0 |
-3,969 |
41.57 |
|
Other
appropriations |
0 |
- |
0 |
- |
0 |
- |
- |
|
Net
result OTHER
INFORMATION |
14,427 |
-5.80 |
15,316 |
-10.77 |
17,165 |
6,525 |
121 |
|
Gross
Operating Margin |
-46,986 |
-117 |
272,097 |
1097 |
-24,799 |
56,835 |
-182 |
|
Dividends |
- |
- |
- |
- |
- |
172,177 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
112,544 |
- |
|
Employee
costs |
- |
- |
- |
- |
- |
125,946 |
- |
|
Wages
and salary |
- |
- |
- |
- |
- |
105,550 |
- |
|
Employee
pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social
security contributions |
- |
- |
- |
- |
- |
26,656 |
- |
|
Other
employee costs |
0 |
- |
0 |
- |
0 |
4,344 |
-100 |
|
Amortization
and depreciation |
8,366 |
54.35 |
5,420 |
-11.73 |
6,140 |
17,811 |
-53.03 |
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
28,556 |
- |
29,235 |
- |
29,915 |
1,571 |
1717 |
|
Tangible
fixed assets |
232,496 |
4.55 |
222,375 |
-2.09 |
227,115 |
184,117 |
26.28 |
|
Land
& building |
218,250 |
-1.85 |
222,375 |
-1.82 |
226,500 |
362,988 |
-39.87 |
|
Plant
& machinery |
- |
- |
- |
- |
615 |
22,615 |
- |
|
Furniture
& Vehicles |
14,246 |
- |
- |
- |
- |
17,295
5,364 |
-17.63 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
142,153
32,369 |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
7,588 |
-100 |
|
Financial
fixed assets |
- |
- |
- |
- |
- |
306,282 |
- |
|
Total
fixed assets |
261,052 |
3.75 |
251,610 |
-2.11 |
257,030 |
394,259 |
-33.79 |
|
Inventories |
4,497,421 |
-1.01 |
4,543,370 |
904 |
452,291 |
3,102,024 |
44.98 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,209,884 |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
2,384 |
-100 |
|
Finished
goods |
0 |
- |
0 |
- |
0 |
1,994,651 |
-100 |
|
Other
stocks |
4,497,421 |
-1.01 |
4,543,370 |
904 |
452,291 |
569,553 |
689 |
|
Trade
debtors |
810,473 |
-82.50 |
4,631,533 |
-25.22 |
6,193,440 |
4,239,087 |
-80.88 |
|
Cash |
228,504 |
201 |
75,780 |
17.38 |
64,561 |
227,241 |
0.56 |
|
other
amounts receivable |
5,667 |
532 |
896 |
-43.54 |
1,587 |
209,025 |
-97.29 |
|
Miscellaneous
current assets |
0 |
- |
0 |
- |
0 |
18,235 |
-100 |
|
Total
current assets |
5,542,065 |
-40.10 |
9,251,579 |
37.84 |
6,711,879 |
7,321,447 |
-24.30 |
|
Total
Assets |
5,803,117 |
-38.94 |
9,503,189 |
36.37 |
6,968,909 |
7,675,911
1,453,566 |
-24.40 |
|
Trade
creditors |
4,554,657 |
-43.88 |
8,116,473 |
51.47 |
5,358,515 |
3,144,774 |
44.83 |
|
Short term
group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
62 |
5.08 |
59 |
- |
- |
4,280,807
189,666 |
-99 |
|
Current
portion of long term debt |
- |
- |
- |
- |
- |
110,204
15,373 |
- |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
- |
- |
6,200 |
- |
- |
9,740 - |
- |
|
Miscellaneous
current liabilities |
772,011 |
-15.78 |
916,687 |
-20.95 |
1,159,690 |
159 |
- - |
|
Total
current liabilities |
5,326,730 |
-41.07 |
9,039,419 |
38.68 |
6,518,205 |
5,457,561 |
-2.40 |
|
LONG TERM
DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
197,751 |
-0.91 |
199,561 |
-1.11 |
201,811 |
-82.25 |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
37,626
26,358 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,165 0 |
-100 |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
127,897 |
-100 |
|
Total
long term debts SHAREHOLDERS
EQUITY |
197,751 |
-0.91 |
199,561 |
-1.11 |
201,811 |
562,239 |
-64.83 |
|
Issued
share capital |
61,973 |
0 |
61,973 |
0 |
61,973 |
967,416 |
-93.59 |
|
Share
premium account |
- |
- |
- |
- |
- |
109,362 |
- |
|
Reserves |
216,663 |
7.13 |
202,236 |
8.19 |
186,920 |
653,158 |
-66.83 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
939,206 |
- |
|
Total
shareholders equity |
278,636 |
5.46 |
264,209 |
6.15 |
248,893 |
1,650,062 |
-83.11 |
|
Working
capital |
215,335 |
1.50 |
212,160 |
9.54 |
193,674 |
1,863,886 |
-88.45 |
|
Cashflow |
22,793 |
9.92 |
20,736 |
-11.02 |
23,305 |
21,260 |
7.21 |
|
Net
worth |
250,080 |
6.43 |
234,974 |
7.30 |
218,978 |
1,646,834 |
-84.81 |
|
Annual
accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.25 |
25.00 |
0.20 |
11.11 |
0.18 |
-29,00 |
0.86 |
|
Return
on capital employed |
2.66 |
-42.67 |
4.64 |
11.00 |
4.18 |
29,00 |
-90.83 |
|
Return
on total assets employed |
0.22 |
-4.35 |
0.23 |
-14.81 |
0.27 |
-200,00 |
0.11 |
|
Return
on net assets employed |
4.54 |
-44.23 |
8.14 |
7.67 |
7.56 |
19,00 |
-76.11 |
|
Sales /
net working capital |
23.34 |
-54.38 |
51.16 |
-4.62 |
53.64 |
44,00 |
-99 |
|
Stock
turnover ratio |
89.49 |
113 |
41.86 |
862 |
4.35 |
116,00 |
-22.85 |
|
Debtor
days |
58.86 |
-62.21 |
155.76 |
-28.41 |
217.58 |
143,00 |
-58.84 |
|
Creditor
days SHORT
TERM STABILITY |
326.70 |
16.76 |
279.80 |
49.08 |
187.69 |
125,00 |
161 |
|
Current
ratio |
1.04 |
1.96 |
1.02 |
-0.97 |
1.03 |
6,00 |
-88.44 |
|
Liquidity
ratio / acid ratio |
0.20 |
-61.54 |
0.52 |
-45.83 |
0.96 |
4,00 |
-95.00 |
|
Current
debt ratio |
19.12 |
-44.11 |
34.21 |
30.62 |
26.19 |
9,00 |
112 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
70.99 |
-6.04 |
75.55 |
-6.82 |
81.08 |
357,00 |
-80.11 |
|
Equity
in percentage |
4.83 |
73.12 |
2.79 |
-22.28 |
3.59 |
-3.189,00 |
0.15 |
|
Total
debt ratio |
19.83 |
-43.29 |
34.97 |
29.52 |
27 |
11,00 |
80.27 |
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment 164.43
expectation days
Industry average day sales 125.54
outstanding
|
Company result |
326.70 |
|
Lower |
133.74 |
|
Median |
84.62 |
|
Upper |
45.40 |
Day sales outstanding
Company
result 58.86
Lower 110.17
Median 59.01
Upper 28.11
Summary
Group -
Number of Companies 0
Linkages -
Number of Companies 0
Number of
Countries 0
Group
Structure
No group
structure for this company.
Minority
Shareholders
No minority shareholders found
Minority Interests
No minority interests found
SHAREHOLDER NAME
|
Forename |
Linda Leo Armanda |
Middle
name |
- |
|
Surname |
De Coster |
|
|
|
SHAREHOLDER DETAILS |
|||
|
Start date |
23/07/1998 |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Plantin en Moretuslei |
House
number |
21 |
|
Minor town |
- |
Postal
town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgi um |
|
SHAREHOLDER NAME |
|||
|
Forename |
Shah |
Middle
name |
- |
|
Surname |
Dilip Ramniklai |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
23/07/1998 |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Chatham Road |
House
number |
- |
|
Minor town |
- |
Postal
town |
- |
|
Post code |
- |
Country |
Hong Kong |
|
SHAREHOLDER NAME |
|||
|
Forename |
Shah |
Middle
name |
- |
|
Surname |
Dilip Ramniklai |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
23/07/1998 |
End date |
- |
|
Percentage owned |
- |
|
|
SHAREHOLDER ADDRESS
Street name Chatham Road House number
-
Minor town - Postal
town -
Post code - Country
Hong Kong
SHAREHOLDER NAME
Forename Narpatlal Shah Middle name -
Surname Prakash
SHAREHOLDER DETAILS
Start date 23/07/1998 End date -
Percentage owned -
SHAREHOLDER ADDRESS
Street name Surawongse Road House number -
Minor town - Postal
town BANGKOK
Post code - Country
Thailand
Business number 463916059
Name of defendant
-
Legal form of defendant -
Bankruptcy details
There is no bankruptcy data
against this company
court data
there is no data for this
company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.