|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALISAR GEMS BVBA |
|
|
|
|
Registered Office : |
HOVENIERSSTRAAT30 2018 ANTWERPEN |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
11.09.2002 |
|
|
|
|
Com. Reg. No.: |
478360547 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees |
1 |
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 : |
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 – March 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Belgium |
A1 |
A1 |
|
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 478360547
Company name ALISAR GEMS BVBA
Address
HOVENIERSSTRAAT
30
2018 ANTWERPEN
Number of staff 1
Date of establishment 11/09/2002
Telephone number 034855702
Fax number 034855775
The business was established over 11 years ago.
The business has 1 employees.
The business has been at the address for over 5 years.
The credit rating for this business has increased from 73 to 83.
The credit limit for this business has increased from €285000 to
€325000.
Operating Result in the latest trading period increased 321% on the
previous trading period.
Net Worth increased by 96% during the latest trading period.
A 61% growth in Total Assets occurred during the latest trading period.
The business saw an increase in their Cash Balance of 31% during the
latest trading period.
Turnover in the latest trading period
increased 27% on the previous trading period.
|
Date of
latest accounts |
Turnover |
Profit
Before Tax |
Net worth |
Working
capital |
|
31/12/2012 |
73,809,762 |
608,853 |
1,211,310 |
1,051,028 |
|
31/12/2011 |
57,807,855 |
715,281 |
615,501 |
462,194 |
|
31/12/2010 |
58,098,900 |
92,315 |
227,521 |
-33,425 |
|
Date of latest accounts |
Balance
Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2012 |
8,763,658 |
1 |
785,000 |
432,708 |
|
31/12/2011 |
5,442,685 |
1 |
220,000 |
532,232 |
|
31/12/2010 |
5,387,355 |
1 |
50,000 |
95,250 |
Past payments Payment
expectation days 31.09
Industry average
payment expectation days 165.24
Industry average
day sales outstanding 126.31
Day sales
outstanding 17.29
Bankruptcy details
Court action type no
Protested bills
Bill amount
-
NSSO details
Date of summons -
Business number 478360547
Company name ALISAR
GEMS BVBA
Fax number 034855775
Date founded 11/09/2002
Company status active
Company type Private
Limited Company (BL/LX)
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.0478.360.547
Belgian Bullettin of Acts
Publications moniteur belge
Check Article 30 Bis
Registered contractor number -
Contractor description -
Date struck off register
Social Balance Sheet Total
During the reporting year ended 31-12-2012
Full-time Employees 1
Part-time Employees 1
Total Fte Employees 1
Number of hours worked
Full-time Employees 1,930
Part-time Employees 153
Total 2,083
Personnel Charges
Full-time Employees 54,555
Part-time Employees
-
Total 54,555
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 1
Actual working hours 2,073
Personnel Charges 48,877
Benefits In Addition To Wages
-
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 1 1 1
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) - - -
Higher education
(university) - - -
Women Full-Time Part-Time Total Fte
Primary education 1 1 1
Secondairy education - - -
Higher education (non
university) - - -
Higher education
(university) - - -
Working Category Full-Time
Part-Time Total Fte
Management - - -
White collar worker 1 - 1
Blue collar worker - 1 0
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 - - -
Total of formal continuing vocational training
initiatives for workers paid by the employer Male Female
Number of employees - -
Number of training hours
-
-
Net costs for enterprise - 16
Total of less formal and informal continuing
vocational training initiatives for workers paid by the
employer Male
Female
Number of employees - -
Number of training hours
-
-
Net costs for enterprise - -
Total of initial training initiatives at the expense of
the employer Male
Female
Number of employees - -
Number of training hours - -
Net costs for enterprise
- -
Code -
Description FROM 1 TO 4
EMPLOYEES
Company accounts
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
%
|
31-12-2010 |
Industry Average
% 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
46,485,458 |
58.78 |
|
Currency |
EUR |
|
EUR |
|
EUR |
46,114,879 |
58.66 |
|
Turnover |
73,809,762 |
27.68 |
57,807,855 |
-0.50 |
58,098,900 |
141,119 |
356 |
|
Total
operating expenses |
73,165,029 |
26.90 |
57.,654,968 |
0.67 |
57,272,143 |
98,884 |
-26.90 |
|
Operating
result |
644,733 |
321 |
152,887 |
-81.51 |
826,757 |
206,523 |
-47.63 |
|
Total
financial income |
72,286 |
-95.08 |
1,468,649 |
84.92 |
794,199 |
25,299 |
2306 |
|
Total
financial expenses |
108,166 |
-88.06 |
906,255 |
-40.71 |
1,528,641 |
20,807 |
899 |
|
Results
on ordinary operations before taxation |
608,853 |
-14.88 |
715,281 |
674 |
92,315 |
46,485,458 |
58.78 |
|
Taxation |
208,044 |
-2.96 |
214,379 |
486 |
36,551 |
|
|
|
Results
on ordinary operations after taxation |
400,809 |
- |
19.98
500,902 |
798 |
55,764 |
10,494 |
3719 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
-3,973 |
0 |
|
Other
appropriations |
0 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result |
400,809 |
-19.98 |
500,902 |
798 |
55,764 |
6,539 |
6029 |
|
|
|
other information |
|
|
|
|
|
|
Gross
Operating Margin |
- |
- |
-- |
- |
- |
56,922 |
- |
|
Dividends |
- |
- |
112,922 |
- |
- |
172,177 |
- |
|
Director
remuneration |
69,272 |
-66.59 |
207,362 |
112 |
97,356 |
112,544 |
-38.45 |
|
Employee
costs |
54,555 |
11.62 |
48,877 |
11.51 |
43,831 |
125,946 |
-56.68 |
|
Wages and salary |
31,654 |
10.02 |
28,771 |
11.13 |
25,890 |
105,550 |
-70.01 |
|
Employee pension costs |
- |
- |
- |
- |
- |
14,428 |
- |
|
Social security contributions |
8,407 |
14.95 |
7,314 |
24.31 |
5,883 |
26,656 |
-68.46 |
|
Other employee costs |
14,495 |
13.31 |
12,792 |
6.09 |
12,058 |
4,349 |
233 |
|
Amortization
and depreciation |
31,899 |
1.82 |
31,330 |
-20.66
39,486 |
17,831 |
78.90 |
|
|
Annual accounts |
31-12-2012 % |
31-12-2011 % 31-12-2010 |
average |
% |
|||||||
|
|
|
|
|
|
2012 |
|
|||||
|
Weeks |
52 |
|
52 |
52 |
|
|
|||||
|
Currency |
EUR |
|
EUR |
EUR |
|
|
|||||
|
Intangible
fixed assets |
0 |
- |
0 |
-0 |
1,573 |
-100 |
|||||
|
Tangible
fixed assets |
546,093 |
-3.89 |
568,202 |
-21.19
721,012 |
184,117 |
196 |
|||||
|
Land & building |
533,288 |
-4.29 |
557,209 |
-20.74
703,032 |
362,988 |
46.92 |
|||||
|
Plant & machinery |
7,234 |
-1.51 |
7,345 |
-43.44
12,986 |
22,615 |
-68.01 |
|||||
|
Furniture & Vehicles |
5,433 |
61.17 |
3,371 |
-26.38
4,579 |
17,295
5,364 |
-68.59 |
|||||
|
Leasing & Other Similar Rights |
- |
- |
- |
-- |
142,153
32,369 |
- |
|||||
|
Other tangible assets |
138 |
-50.18 |
277 |
-33.33 415 |
7,596 |
-98.18 |
|||||
|
Financial
fixed assets |
546 |
0.07 |
546 |
0 546 |
306,761 |
-99 |
|||||
|
Total
fixed assets |
546,639 |
-3.89 |
568,747 |
-21.18
721,558 |
394,708 |
38.49 |
|||||
|
Inventories |
4,618,749 |
88.88 |
2,445,368 |
-32.70
3,633,677 |
3,105,524 |
48.73 |
|||||
|
Raw materials & consumables |
4,618,749 |
88.88 |
2,445,368 |
-- |
7,209,884 |
-35.94 |
|||||
|
Work in progress |
0 |
- |
0 |
-0 |
2,387 |
-100 |
|||||
|
Finished goods |
0 |
- |
0 |
-100
3,633,677 |
1,996,655 |
-100 |
|||||
|
Other stocks |
0 |
- |
0 |
-0 |
569,977 |
-100 |
|||||
|
Trade
debtors |
3,497,266 |
49.31 |
2,342,227 |
138 981,306 |
4,243,347 |
-17.58 |
|||||
|
Cash |
91,145 |
31.16 |
69,492 |
114 32,349 |
227,473 |
-59.93 |
|||||
|
other
amounts receivable |
5,181 |
-13.63 |
5,999 |
-61.93
15,756 |
209,176 |
-97.52 |
|||||
|
Miscellaneous
current assets |
4,678 |
-56.89 |
10,851 |
300 2,711 |
18,254 |
-74.37 |
|||||
|
Total
current assets |
8,217,019 |
68.59 |
4,873,937 |
4.46
4,665,798 |
7,328,597 |
12.12 |
|||||
|
Total
Assets |
8,763,658 |
61.02 |
5,442,685 |
1.03
5,387,355 |
7,683,424 1,454,122 |
14.06 |
|||||
|
current liabilities |
|||||||||||
|
Trade
creditors |
6,231,627 |
90.91
3,264,222 |
32.59 |
2,461,867 |
3,148,030 |
97.95 |
|||||
|
Short term
group loans |
- |
-- |
- |
- |
- |
- |
|||||
|
Financial
debts |
156 |
-52.61 329 |
- |
- |
4,280,807 189,666 |
-99 |
|||||
|
Current
portion of long term debt |
29,083 |
6.38
27,339 |
-38.14
44,196 |
110,204
15,373 -73.61 |
|||||||
|
Amounts Payable for Taxes,
Remuneration & Social Security |
313,107 |
71.23
182,862 |
3677 |
4,841 |
9,740 - |
820 |
|||||
|
Miscellaneous
current liabilities |
592,018 |
-36.82
936,992 |
-57.18 |
2,188,319 |
98.70 |
- - |
|||||
|
Total
current liabilities |
7,165,991 |
62.43
4,411,744 |
-6.12 |
4,699,222 |
5,462,976 |
31.17 |
|||||
|
|
Long term |
debts and
liabilities |
|
|
|
||||||
|
Long term
group loans |
- |
-- |
- |
- |
- |
- - |
|||||
|
Other long
term loans |
386,357 |
-7.00
415,440 |
-9.81 |
460,612 |
-65.32 |
- - |
|||||
|
Deffered
taxes |
- |
-- |
- |
- |
37,626
26,358 |
- |
|||||
|
Provisions
for Liabilities & Charges |
0 |
-0 |
- |
0 |
3,168 0 |
-100 |
|||||
|
Other long
term liabilities |
0 |
-0 |
- |
0 |
128,026 |
-100 |
|||||
|
Total long
term debts |
386,357 |
-7.00
415,440 |
-9.81 |
460,612 |
562,804 |
-31.35 |
|||||
|
|
shareholders equity |
|
|
|
|
||||||
|
Issued
share capital |
785,000 |
256
220,000 |
340 |
50,000 |
967,968 |
-18.90 |
|||||
|
Share
premium account |
- |
-- |
- |
- |
109,362 |
- |
|||||
|
Reserves |
426,310 |
7.79
395,501 |
122 |
177,521 |
654,096 |
-34.82 |
|||||
|
Revaluation
reserve |
- |
-- |
- |
- |
939,206 |
- |
|||||
|
Total
shareholders equity |
1,211,310 |
96.80
615,501 |
170 |
227,521 |
1,651,582 |
-26.66 |
|||||
|
Working
capital |
1,051,028 |
127
462,194 |
1382 |
-33,425 |
1,865,621 |
-43.66 |
|||||
|
Cashflow |
432,708 |
-18.70
532,232 |
458 |
95,250 |
21,288 |
1932 |
|||||
|
Net worth |
1,211,310 |
96.80
615,501 |
170 |
227,521 |
1,648,350 |
-26.51 |
|||||
ratio analysis
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry Average % 2012 |
% |
|
|||||
|
Trading performance |
|
||||||||||||
|
Profit
Before Tax |
0.82 |
-33.87 |
1.24 |
675 |
0.16 |
-29,00 |
2.83 |
||||||
|
Return on
capital employed |
38.11 |
-45.07 |
69.38 |
416 |
13.42 |
29,00 |
31.41 |
||||||
|
Return on
total assets employed |
6.95 |
-47.11 |
13.14 |
668 |
1.71 |
-200,00 |
3.48 |
||||||
|
Return on
net assets employed |
50.26 |
-56.75 |
116.21 |
186 |
40.57 |
19,00 |
164 |
||||||
|
Sales /
net working capital |
70.23 |
-43.85 |
125.07 |
7.20 |
-1738.20 |
44,00 |
-99 |
||||||
|
Stock
turnover ratio |
6.26 |
47.99 |
4.23 |
-32.32 |
6.25 |
116,00 |
-94.60 |
||||||
|
Debtor
days |
17.29 |
16.90 |
14.79 |
140 |
6.16 |
143,00 |
-87.91 |
||||||
|
Creditor
days |
31.09 |
50.41 |
20.67 |
31.74 |
15.69 |
125,00 |
-75.13 |
||||||
|
|
|
short term stability |
|
|
|
||||||||
|
Current
ratio |
1.15 |
4.55 |
1.10 |
11.11 |
0.99 |
6,00 |
-87.22 |
||||||
|
Liquidity
ratio / acid ratio |
0.50 |
-9.09 |
0.55 |
150 |
0.22 |
4,00 |
-87.50 |
||||||
|
Current
debt ratio |
5.92 |
-17.43 |
7.17 |
-65.28 |
20.65 |
9,00 |
-34.22 |
||||||
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
||||||
|
|
|
long term stability |
|
|
|
|
|||||||
|
Gearing |
34.31 |
-52.34 |
71.99 |
-67.55 |
221.87 |
357,00 |
-90.39 |
||||||
|
Equity in
percentage |
13.82 |
22.19 |
11.31 |
168 |
4.22 |
-3.192,00 |
0.43 |
||||||
|
Total debt
ratio |
6.23 |
-20.54 |
7.84 |
-65.43 |
22.68 |
11,00 |
-43.36 |
||||||
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit rating 64.48
Industry average credit limit 140177.31
Payment Information
Suspension of payments / moratorium history
Amount -
Details -
Payment expectations
Payment expectation days 31.09
Day sales outstanding 17.29
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment
expectation days 165.24
Industry average day sales
Outstanding 126.31
Payment expectations
Company result 31.09
Lower 134.13
Median 84.97
Upper 45.81
Day sales outstanding
Company result 17.29
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
Click the company to view / order a report.
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Shareholder Name
Forename Yasser Middle name -
Surname Khalil
Shareholder Details
Start date 11/09/2002 End date -
Percentage owned 50%
Shareholder Address
Street name Fruithoflaan House number 1209
Minor town Berchem Postal town Antwerpen
Post code 2600 Country Belgium
Shareholder Name
Forename Ali Middle name -
Surname Hashim
Shareholder Details
Start date 11/09/2002 End date -
Percentage owned 50%
Shareholder Address
Street name Belpairestraat House number 8
Minor town Berchem Postal town Antwerpen
Post code 2600 Country Belgium
Group – Number of Companies 0
Linkages - Number of Companies 0
Number of Countries 0
Court data
Protested bills
Drawee name
-
Address
-
Bill amount -
Bill currency -
Maturity of bill -
Name of drawer
-
City of drawer -
NSSO details
Business number 478360547
Name of defendant -
Legal form of defendant -
Date of summons -
Labour court -
Bankruptcy details
There is no bankruptcy data against this company
Bankruptcy Data
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.58.84 |
|
UK Pound |
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
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.