|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HRC DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.03.2010 |
|
|
|
|
Com. Reg. No.: |
824075475 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No of Employees : |
Not Available |
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 – 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 824075475
Company name HRC DIAMONDS BVBA
Address PELIKAANSTRAAT 62
2018 ANTWERPEN
Number of staff 0
Date of establishment 12/03/2010
Telephone number 0487939351
The business was
established over 4 years ago.
No employees are
recorded for this business.
The business has
been at the address for over 4 years.
Operating Result in
the latest trading period increased 24% on the previous trading period.
Net Worth increased
by 31% during the latest trading period.
A 246% growth in
Total Assets occurred during the latest trading period.
Pre-tax profits
increased by 25% compared to the previous trading period.
The business saw an
increase in their Cash Balance of 339% during the latest trading period.
|
Accounts |
||||
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
|
21,110 |
67,663 |
45,618 |
|
31/12/2012 |
|
16,785 |
51,571 |
44,444 |
|
31/12/2011 |
|
29,453 |
39,906 |
35,691 |
|
|
|
|
|
|
|
Accounts |
||||
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
4,072,986 |
0 |
18,600 |
18,470 |
|
31/12/2012 |
1,176,743 |
0 |
18,600 |
12,821 |
|
31/12/2011 |
1,133,475 |
0 |
18,600 |
20,277 |
|
Payment expectations |
||||
|
Past payments |
|
Payment expectation days |
-- |
|
|
Industry average payment expectation days |
122.90 |
Industry average day sales outstanding |
140.69 |
|
|
Day sales outstanding |
|
|
|
|
|
Court data summary |
||||
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business number |
824075475 |
Company name |
HRC DIAMONDS BVBA |
|
Fax number |
|
Date founded |
12/03/2010 |
|
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.0824.075.475 Check VAT Number |
|
Belgian Bullettin of Acts |
moniteur beige |
|
|
|
Publications |
|
|
|
PROFIT
& LOSS
|
|
Annual
accounts |
31-122013 |
% |
31-122012 |
% |
31-122011 |
Industry
average 2013 |
% |
|
||||||||
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
||||||||
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
||||||||
|
|
Turnover |
- |
- |
- |
- |
- |
55,502,227 |
- |
|
||||||||
|
|
Total operating expenses |
- |
- |
- |
- |
- |
55,041,421 |
- |
|
||||||||
|
|
Operating result |
25,907 |
24.72 |
20,773 |
-37.61 |
33,295 |
150,552 |
-82.79 |
|
||||||||
|
|
Total financial income |
77 |
-91.11 |
866 |
2121 |
39 |
79,964 |
-99 |
|
||||||||
|
|
Total financial expenses |
4,874 |
0.42 |
4,854 |
25.06 |
3,881 |
189,416 |
-97.43 |
|
||||||||
|
|
Results on ordinary operations before taxation |
21,110 |
25.76 |
16,785 |
-43.01 |
29,453 |
34,783 |
-39.31 |
|
||||||||
|
|
5,018 |
-2.00 |
5,121 |
^18.69 |
9,980 |
21,552 |
-76.72 |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
Results on ordinary
operations after taxation |
16,092 |
37.95 |
11,665 |
-40.10 |
19,473 |
18,992 |
-15.27 |
|
||||||||
|
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
5,400 |
-100 |
|
||||||||
|
|
Other appropriations |
0 |
- |
0.00 |
- |
0 |
- |
- |
|
||||||||
|
|
Net result |
16,092 |
37.95 |
11,665 |
-40.10 |
19,473 |
24,528 |
-34.39 |
|
||||||||
|
OTHER INFORMATION |
|||||||||||||||||
|
|
Gross
Operating Margin |
30,932 |
28.73 |
24,029 |
-30.99 |
34,820 |
34,015 |
-9.06 |
|||||||||
|
|
Dividends |
- |
- |
- |
- |
- |
234,766 |
- |
|||||||||
|
|
Director
remuneration |
- |
- |
- |
- |
- |
123,682 |
- |
|||||||||
|
|
Employee
costs |
3 |
- |
- |
- |
- |
139,181 |
-99 |
|||||||||
|
|
Wages and salary |
- |
- |
- |
- |
- |
120,182 |
- |
|||||||||
|
|
Employee pension costs |
- |
- |
- |
- |
- |
23,129 |
- |
|||||||||
|
|
Social security contributions |
- |
- |
- |
- |
- |
29,698 |
- |
|||||||||
|
|
Other employee costs |
3 |
- |
0 |
- |
0 |
3,966 |
-99 |
|||||||||
|
|
Amortization
and depreciation |
2,378 |
105 |
1,156 |
43.81 |
804 |
17,964 |
-86.76 |
|||||||||
BALANCE SHEET
|
|
Annual accounts |
31-122013 |
% |
31-122012 |
% |
31-122011 |
Industry average 2013 |
% |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,280 |
-100 |
|
|
Tangible
fixed assets |
21,079 |
242 |
6,161 |
89.64 |
3,249 |
188,454 |
-88.81 |
|
|
Land & building |
- |
- |
- |
- |
- |
367,736 |
- |
|
|
Plant & machinery |
4,134 |
-32.90 |
6,161 |
89.64 |
3,249 |
26,905 |
-84.63 |
|
|
Furniture & Vehicles |
16,945 |
- |
- |
- |
- |
15,867
4,605 |
6.79 |
|
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
107,517
34,551 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
9,113 |
-100 |
|
|
Financial
fixed assets |
966 |
0.04 |
966 |
-0.04 |
966 |
182,831 |
-99 |
|
|
Total
fixed assets |
22,045 |
209 |
7,127 |
69.09 |
4,215 |
300,723 |
-92.67 |
|
|
Inventories |
2,051,196 |
225 |
630,685 |
48.61 |
424,397 |
2,924,018 |
-29.85 |
|
|
Raw materials & consumables |
- |
- |
- |
- |
- |
6,545,857 |
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
1,141 |
-100 |
|
|
Finished goods |
0 |
- |
0 |
- |
0 |
1,933,968 |
-100 |
|
|
Other stocks |
2,051,196 |
225 |
630,685 |
48.61 |
424,397 |
452,738 |
353 |
|
|
Trade
debtors |
1,822,370 |
268 |
494,154 |
-23.41 |
645,209 |
4,261,304 |
-57.23 |
|
|
Cash |
171,417 |
339 |
39,033 |
-6.42 |
41,709 |
463,746,947 |
-99 |
|
|
other
amounts receivable |
2,597 |
-6.12 |
2,766 |
-82.75 |
16,035 |
200,673 |
-98.71 |
|
|
Miscellaneous
current assets |
3,361 |
12.86 |
2,978 |
55.92 |
1,910 |
^156,476,166 |
0.00 |
|
|
Total
current assets |
4,050,941 |
246 |
1,169,616 |
3.57 |
1,129,260 |
7,136,641 |
^13.24 |
|
|
Total
Assets |
4,072,986 |
246 |
1,176,743 |
3.82 |
1,133,475 |
7,404,045 1,283,898 |
^14.99 |
|
CURRENT LIABILITIES |
||||||||
|
|
3,197,754 |
987 |
294,097 |
-69.24 |
956,061 |
2,897,745 |
10.35 |
|
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
|
30,670 |
21.73 |
25,195 |
- |
- |
4,406,634
143,582 |
-99 |
|
|
|
- |
- |
- |
- |
- |
76,21313,806 |
- |
|
|
|
15,948 |
47.17 |
10,837 |
8.26 |
10,010 i |
3,190- |
■48.62 |
|
|
|
760,951 |
-4.29 |
795,043 |
523 |
127,498 |
215 |
|
|
|
|
4,005,323 |
255 |
1,125,172 |
2.89 |
1,093,569 |
5,081,259 |
-21.17 |
|
|
LONG TERM DEBTS AND LIABILITIES |
||||||||
|
Long term group loans - - - - - |
||||||||
|
|
Other
long term loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Deffered
taxes |
- |
- |
- |
- |
- |
46,266 28,377 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,987 0 |
-100 |
|
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
247,695 |
-100 |
|
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
681,935 |
-100 |
|
SHAREHOLDERS EQUITY |
||||||||
|
|
Issued
share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
970,830 |
-98.08 |
|
|
Share
premium account |
- |
- |
- |
- |
- |
124,160 |
- |
|
|
Reserves |
49,063 |
48.81 |
32,971 |
54.75 |
21,306 |
642,665 |
-92.37 |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
872,766 |
- |
|
|
Total
shareholders equity |
67,663 |
31.20 |
51,571 |
29.23 |
39,906 |
1,634,406 |
-95.86 |
|
|
Working
capital |
45,618 |
2.64 |
44,444 |
24.52 |
35,691 |
2,055,382 |
-97.78 |
|
|
Cashflow |
18,470 |
44.06 |
12,821 |
-36.77 |
20,277 |
39,109 |
-52.77 |
|
|
Net
worth |
67,663 |
31.20 |
51,571 |
29.23 |
39,906 |
1,633,126 |
-95.86 |
RATIO ANALYSIS
|
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry
average 2013 |
% |
|
TRADING PERFORMANCE |
||||||||
|
|
Profit Before Tax |
- |
- |
- |
- |
- |
-8,00 |
- |
|
|
Return on capital employed |
31.20 |
-4.15 |
32.55 |
-55.90 |
73.81 |
-8,00 |
390 |
|
|
Return on total assets
employed |
0.52 |
-63.64 |
1.43 |
-45.00 |
2.60 |
-8,00 |
6.50 |
|
|
Return on net assets
employed |
31.20 |
-4.15 |
32.55 |
-55.90 |
73.81 |
-8,00 |
390 |
|
|
Sales / net working
capital |
- |
- |
- |
- |
- |
135,00 |
- |
|
|
Stock turnover ratio |
- |
- |
- |
- |
- |
77,00 |
- |
|
|
Debtor days |
- |
- |
- |
- |
- |
140,69 |
- |
|
|
Creditor days |
- |
- |
- |
- |
- |
122,90 |
- |
|
SHORT TERM STABILITY |
||||||||
|
|
Current ratio |
1.01 |
-2.88 |
1.04 |
0.97 |
1.03 |
4,00 |
-89.90 |
|
|
Liquidity ratio / acid
ratio |
0.50 |
4.17 |
0.48 |
-25.00 |
0.64 |
3,00 |
-83.33 |
|
|
Current debt ratio |
59.20 |
171 |
21.82 |
-20.36 |
27.40 |
10,00 |
492 |
|
Liquidity ratio
reprocessed ...... |
||||||||
|
LONG TERM STABILITY |
||||||||
|
|
Gearing |
45.33 |
-7.21 |
48.85 |
- |
- |
232,00 |
-80.46 |
|
|
Equity in percentage |
1.66 |
-62.10 |
4.38 |
24.43 |
3.52 |
-214,00 |
0.78 |
|
|
59.20 |
171 |
21.82 |
-20.36 |
27.40 |
11,00 |
438 |
|
|
Industry comparison |
||
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
|
|
industry average credit |
64.48 |
|
|
rating |
|
|
|
Industry average credit limit |
140177.31 |
|
INDUSTRY COMPARISON
Activity code 46761
Activity description Wholesale of diamonds
and other precious stones
Industry average payment
expectation days 122.90
Industry average day sales
outstanding 140.69
PAYMENT EXPECTATIONS
Company result -
Lower 122.66
Median 75.38
Upper 46.73
|
Company
result |
|
|
Lower |
101.92 |
|
Median |
54.26 |
|
Upper |
24.45 |
Group Structure
No group structure for this company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interest 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
Name: Shreyas
Dineshchandra Gandhi
Position: Principal
Manager
Start Date: 12/12/2012
Street: 50 Belgielei Antwerpen
Post Code: 2018
Country: Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
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.