|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PINKUSEWITZ DIAMOND TRADERS NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 78, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.10.2006 |
|
|
|
|
Com. Reg. No.: |
884129858 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
LINE OF BUSINESS : |
PREPARATION
OF DIAMONDS |
|
|
|
|
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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 884129858
Company name PINKUSEWITZ
DIAMOND TRADERS NV
Address PELIKAANSTRAAT 78
2018 ANTWERPEN
Number of staff 5
Date of establishment 04/10/2006
Telephone number 032312760
Fax number 032332594
Company name SELECTED
DIAMONDS TRADERS ITD
The business was established over 7 years ago.
The business has 5 employees.
The business is part of a group.
The business has been at the address for over 7 years.
Operating Result in the latest trading period decreased 44% on the
previous trading period.
Net Worth increased by 423% during the latest trading period.
The business saw a decrease in their Cash Balance of 92% during the
latest trading period.
Turnover in the latest trading period decreased 22% on the previous
trading period.
Accounts
|
Date of latest accounts |
Turnover |
Profit Before Tax |
Net worth |
Working capital |
|
31/12/2012 |
98,509,790 |
185,900 |
1,715,733 |
7,103,822 |
|
31/12/2011 |
127,627,924 |
155,605 |
327,447 |
5,647,945 |
|
31/12/2010 |
76,864,688 |
115,729 |
231,338 |
5,362,934 |
Accounts
|
Date of latest accounts |
Balance Total |
Number of Employees |
Capital |
Cashflow |
|
31/12/2012 |
28,234,850 |
5 |
1,312,000 |
159,318 |
|
31/12/2011 |
34,393,442 |
7 |
62,000 |
114,572 |
|
31/12/2010 |
28,301,998 |
7 |
62,000 |
92,134 |
Past payments Payment
expectation days 55.14
Industry average payment
97.44 Industry
average day sales 129.29
expectation days outstanding
Day sales outstanding 81.01
Bankruptcy details
Court action type no
Protested bills
Bill amount -
NSSO details
Date of summons
–
Business number 884129858 Company name PINKUSEWITZ
DIAMOND TRADERS NV
Fax number 032332594 Date founded 04/10/2006
Company status active Company type Public Limited Liability
Company (BE)
Currency Euro (€) Date of latest
accounts 31/12/2012
Activity code 32121 Liable for VAT yes
Activity description Preparation of
diamonds VAT Number BE.0884.129.858
Check
VAT number
Belgian Bullettin of Acts
Publications moniteur belge
Social Balance Sheet Total
During the reporting year
ended 31-12-2012
Full-time Employees 6
Part-time Employees
1
Total Fte Employees 7
Number of hours worked
Full-time Employees 10,990
Part-time Employees
881
Total 11,871
Personnel Charges
Full-time Employees 212,897
Part-time Employees 17,067
Total 229,964
Benefits In Addition ToWages 1,899
During the previous reporting year
Average number employees in Fte 8
Actual working hours 12,985
Personnel Charges
232,874
Benefits In Addition ToWages 1,838
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 5 1 6
Limited Duration
Contracts - - -
Contracts For Specific
Work
- - -
Contracts Regarding
Substitution - - -
Gender and Education
Level
Men Full-Time
Part-Time Total Fte
Primary education - - -
Secondairy education - - -
Higher education (non
university) 1 - 1
Higher education
(university) - - -
Women Full-Time
Part-Time Total Fte
Primary education
- - -
Secondairy education 2 1 3
Higher education (non
university)
2 - 2
Higher education
(university) - - -
Working Category Full-Time
Part-Time Total Fte
Management - - -
White collar worker 5 1 6
Blue collar worker
-
- -
Other - - -
Temporary personnel Total
Average number of temporary staff
-
Actual working hours
-
Cost of temporary staff -
New staff and leavers Full-Time
Part-Time Total Fte
New Starters
-
- -
Leavers 2 – 2
Code -
Description FROM 5 TO 9
EMPLOYEES
Event Date 22/05/2012
Event Description
Event Details Beslissing dat de
aandelen op naam zullen blijven.
Industry
Annual accounts 31-12-2012 % 31-12-2011 % 31-12-2010
average 2012 %
Weeks 52 52 52
Currency EUR EUR EUR
Turnover 98,509,790
-22.81 127,627,924 66.04 76,864,688
16,853,122 484
Total operating expenses 98,044,301 -22.68
126,796,300 67.89 75,522,510 16,740,088
485
Operating result 465,489
-44.03 831,624 -38.04 1,342,178 69,659
568
Total financial income 762,344 -62.44 2,029,408 203 669,611 95,696
696
Total financial expenses 1,041,933
-61.49 2,705,427 42.69 1,896,060 101,103
930
Results on ordinary operations
Before taxation 185,900
19.47 155,605 34.46 115,729 53,820
245
Taxation
46,900 -21.17 59,496 41.88
41,936 20,063
133
Results on ordinary operations
After taxation 139,000
44.63 96,108 30.24 73,793 40,692
241
Extraordinary items 0 - 0 - 0 -3,269 0
Other appropriations 0 - 0.00 -
0.00 - -
Net result 139,000
44.63 96,108 30.24 73,793 37,431 271
other information
Gross Operating Margin -
- - - -
117,937 -
Dividends - - - -
- 109,686 -
Director remuneration - - - - - 48,130 -
Employee costs 231,863 -1.21 234,711 -2.71 241,260 207,590
11.69
Wages and salary 185,172 -2.45 189,825 -4.97 199,761
163,565 13.21
Employee pension costs 1,899 -
1,838 - 1,750
1,903 -0.21
Social security contributions 40,819 5.52
38,683 8.41 35,683 50,546 -19.24
Other employee costs 3,974 -8.96 4,365 7.37 4,066 4,861
-18.24
Amortization and
depreciation 20,318 10.05 18,463 0.67 18,341 23,725 -14.36
Industry
Annual accounts 31-12-2012
% 31-12-2011
% 31-12-2010
average 2012 %
Weeks 52 52 52
Currency EUR EUR EUR
Intangible fixed assets 714 - 0 -
0 728 -1.92
Tangible fixed assets 76,902 -13.64 89,052 -16.53 106,691 162,301
-52.62
Land & building -
- - -
- 322,542 -
Plant & machinery 18,542
-12.98 21,308 -11.49 24,074 58,827 -68.48
Furniture & Vehicles 20,981 -10.89 23,544 -25.48 31,596 16,122
4,454 30.14
Leasing& Other Similar
Rights -
- - -
- 13,254 19,602 -
Other tangible assets 37,379 -15.43 44,200 -13.37 51,020 20,806 79.65
Financial fixed assets 450 0 450 0
450 51,594
-99
Total fixed assets 78,066 -12.78 89,502 -16.46 107,141 183,379 -57.43
Inventories
3,154,653 -56.47 7,246,623 131
3,132,079 1,232,741 155
Raw materials & consumables - -
- - -
3,520,209 –
Work in progress 0 - 0 -
0 5,098 -100
Finished goods 3,154,653 -56.47 7,246,623 131 3,132,079 417,244
656
Other stocks 0 - 0 -
0 253,888 -100
Trade debtors 21,862,614 -5.29 23,083,571
-2.62 23,704,492 1,243,059 1658
Cash 282,787
-92.82 3,939,061 194 1,335,702 105,189
168
other amounts receivable 2,856,730 8136
34,686 53.59
22,583 61,884
4516
Miscellaneous current assets 0
- 0 - 0
26,466 -100
Total current assets 28,156,784 -17.92 34,303,940
21.67 28,194,857 2,241,908 1155
Total Assets 28,234,850
-17.91 34,393,442 21.52 28,301,998 2,404,912
1074
269,408
current liabilities
Trade creditors 14,811,360
-48.12 28,547,035 56.21 18,274,724 1,099,691
1246
Short term group loans - - - - -
- -
Financial debts 6,063,362
26574 22,731 -99 4,490,346 979,191 50,800 519
Current portion of long
term debt - - - - - 141,020
20,235 -
Amounts Payable for Taxes,
Remuneration& Social Security 70,737 -17.97 86,229 28.98 66,853 11,996 - 129
Miscellaneous current liabilities 107,502 - 0 - 0 -29.40
- -
Total current liabilities 21,052,962 -26.53 28,655,995 25.51 22,831,923
1,537,342 1269
Long term debts and liabilities
Long term group loans - - -
- - - -
-
Other long term loans 5,465,442 1.02 5,410,001
3.27 5,238,737 713 - -
Deffered taxes - - - -
- 4,048 4,048
-
Provisions for Liabilities
& Charges 0
- 0 - 0 00
-
Other long term liabilities 0 - 0 -
0 80,969 -100
Total long term debts 5,465,442 1.02 5,410,001
3.27 5,238,737 296,790 1741
shareholders equity
Issued share capital 1,312,000
2016 62,000 0 62,000 311,750 320
Share premium account - - -
- - 0
-
Reserves 404,447
52.36 265,447 56.76 169,338 259,029
56.14
Revaluation reserve - - - - - 0
-
Total shareholders equity 1,716,447 424
327,447 41.54 231,338 570,780 200
Working capital
7,103,822 25.78 5,647,945
5.31 5,362,934 704,566 908
Cashflow 159,318
39.06 114,572 24.35 92,134 57,055 179
Net worth 1,715,733
423 327,447 41.54 231,338 570,051 200
|
Annual accounts |
31-12-2012 |
Change (%) |
31-12-2011 |
Change (%) |
31-12-2010 |
Industry average 2012 |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
0.19 |
58.33 |
0.12 |
-20.0 |
0.15 |
2,00 |
-90.50 |
|
Return on capital employed |
2.59 |
-4.43 |
2.71 |
27.83 |
2.12 |
10,00 |
-74.10 |
|
Return on total assets employed |
0.66 |
46.67 |
0.45 |
9.76 |
0.41 |
-94,00 |
0.70 |
|
Return on net assets employed |
10.83 |
-77.21 |
47.52 |
-5.02 |
50.03 |
39,00 |
-72.23 |
|
Sales / net working capital |
13.87 |
-38.63 |
22.60 |
57.71 |
14.33 |
84,00 |
-99 |
|
Stock turnover ratio |
3.20 |
-43.66 |
5.68 |
39.56 |
4.07 |
40,00 |
-92.00 |
|
Debtor days |
81.01 |
22.71 |
66.02 |
-41.35 |
112.56 |
94,00 |
-13.82 |
|
Creditor days |
55.14 |
-32.90 |
82.18 |
-6.95 |
88.32 |
140,00 |
-60.61 |
|
|
|
short
term stability |
|
|
|
|
|
|
Current ratio |
1.34 |
11.67 |
1.20 |
-2.44 |
1.23 |
351,00 |
- |
|
Liquidity ratio / acid ratio |
1.19 |
26.60 |
0.94 |
-14.55 |
1.10 |
354,00 |
-99 |
|
Current debt ratio |
12.27 |
-85.98 |
87.51 |
-11.34 |
98.70 |
0,00 |
- |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
|
long
term stability |
|
|
|
|
|
|
Gearing |
671.67 |
-59.52 |
1659.12 |
-60.55 |
4205.57 |
140,00 |
379 |
|
Equity in percentage |
6.08 |
540 |
0.95 |
15.85 |
0.82 |
-656,00 |
0.93 |
|
Total debt ratio |
15.45 |
-85.15 |
104.04 |
-14.26 |
121.34 |
1,00 |
1445 |
Payment expectation days 55.14
Day sales outstanding 81.01
Activity code 32121
Activity description Preparation
of diamonds
Industry average payment
expectation days 97.44
Industry average day sales
outstanding 1 28.29
Industry quartile
analysis
Payment expectations
Company result 55.14
Lower 153.51
Median 70.12
Upper 29.79
Day sales
outstanding
Company result 81.01
Lower 95.64
Median
51.36
Upper
14.94
Company name Number
Latest financials
- SELECTED DIAMONDS TRADERS ITD
- - PINKUSEWITZ DIAMOND TRADERS NV 884129858 31-12-2012
Minority
Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Shareholder Name
Forename Abraham
Middle name -
Surname Pinkusewicz
Shareholder
Details
Start date 04/10/2006
End date -
Percentage owned 20%
Shareholder
Address
Street name Bexstraat
House number 21
Minor town - Postal town Antwerpen
Post code 2018 Country Belgium
Business number 884129858
Name of defendant
-
Legal form of defendant -
Date of summons
-
Labour court -
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.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.