|
Report Date : |
22.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARHAAN DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 1 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.03.2011 |
|
|
|
|
Com. Reg. No.: |
834846435 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE
OF WATCHES AND JEWELLERY |
|
|
|
|
No. of Employees : |
Nil |
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 : |
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 – 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 |
834846435 |
|
Company
name |
ARHAAN
DIAM BVBA |
|
Address |
HOVENIERSSTRAAT
30-BUS 1 |
|
|
2018
ANTWERPEN |
|
Number
of staff |
0 |
|
Date
of establishment |
23/03/2011 |
|
Telephone
number |
-- |
|
Fax
number |
-- |
|
No
employees are recorded for this business. |
|
The
business has been at the address for over 5 months. |
|
The
business has been at the address for less than 6 months. |
|
The
business has changed address 1 times in the last year. |
|
A
39% growth in Total Assets occurred during the latest trading period. |
|
Pre-tax
profits increased by 34% compared to the previous trading period. |
|
The
business saw a decrease in their Cash Balance of 26% during the latest
trading period. |
|
Turnover
in the latest trading period increased 46% on the previous trading period. |
|
DATE
OF LATEST ACCOUNTS
|
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING CAPITAL |
|
31/12/2013 |
16,176,955 |
63,144 |
650,660 |
650,002 |
|
31/12/2012 |
11,021,206 |
46,992 |
601,686 |
600,733 |
|
DATE
OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
9,714,624 |
0 |
560,000 |
49,269 |
|
31/12/2012 |
6,955,788 |
0 |
560,000 |
45,458 |
Past payments
Payment expectation days 154.06
Industry average payment
expectation days 244.94
Industry average day sales
Outstanding 354.72
Day sales outstanding 104.38
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount
-
NSSO DETAILS
Date of summons -
|
Business number |
834846435 |
Company name |
ARHAAN DIAM BVBA |
|
Fax number |
|
Date founded |
23/03/2011 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46480 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of watches and jewellery |
VAT Number |
|
|
Belgian Bullettin of Acts |
|
|
|
|
Publications |
|
|
|
PROFIT AND LOSS
|
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 % |
Industry average 2013 |
% |
|
|
Weeks |
52 |
|
92 |
- |
|
|
|
Currency |
EUR |
|
EUR |
- |
|
|
|
Turnover |
16,176,955 |
46.78 |
11,021,206 |
- 43,890,989 |
-63.14 |
|
|
Total operating expenses |
16,107,274 |
47.07 |
10,952,200 |
- 43,746,083 |
-63.18 |
|
|
69,681 |
0.98 |
69,005 |
- 33,169 |
110 |
|
|
|
23,045 |
840 |
2,451 |
- 47,587 |
-51.57 |
|
|
|
29,582 |
20.92 |
24,465 |
- 112,054 |
-73.60 |
|
|
|
63,144 |
34.37 |
46,992 |
- -35,576 |
177 |
|
|
|
14,820 |
382 |
3,070 |
- 72,518 |
-79.56 |
|
|
48,324 |
10.02 |
43,922 |
-
-86,177 |
56.08 |
|
|
|
0 |
- |
0 |
-
153,740 |
-100 |
|
|
|
0.00 |
- |
0.00 |
-
- |
- |
|
|
|
48,324 |
10.02 |
43,922 |
-
67,615 |
-28.53 |
|
|
OTHER INFORMATION |
||||||
|
|
- |
- |
- |
-
62,370 |
- |
|
|
|
- |
- |
- |
-
191,619 |
- |
|
|
|
- |
- |
- |
-
114,333 |
- |
|
|
|
- |
- |
- |
-
205,623 |
- |
|
|
|
Wages and salary |
- |
- |
- |
-
157,546 |
- |
|
|
Employee pension costs |
- |
- |
- |
-
2,674 |
- |
|
|
Social security contributions |
- |
- |
- |
-
42,949 |
- |
|
|
Other employee costs |
0 |
- |
0 |
-
6,500 |
-100 |
|
|
945 |
-38.49 |
1,536 |
-
22,381 |
-95.78 |
|
BALANCE SHEET
|
|
Annual accounts |
31-122013 |
% |
31-12- % 2012 |
Industry average
2013 |
% |
|
|
Weeks |
52 |
|
92 |
|
|
|
|
Currency |
EUR |
|
EUR |
|
|
|
|
1,586 |
- |
2,236 - |
- 3,607 |
-56.03 |
|
|
|
658 |
-30.96 |
953 |
- 200,852 |
-99 |
|
|
|
Land & building |
- |
- |
- |
- 406,485 |
- |
|
|
Plant & machinery |
- |
- |
- |
- 20,426 |
- |
|
|
Furniture & Vehicles |
658 |
-30.96 |
953 |
- 20,349 7,180 |
-96.77 |
|
|
Leasing & Other
Similar Rights |
- |
- |
- |
- 330,214 23,188 |
- |
|
|
Other tangible assets |
0 |
- |
0 |
- 6,686 |
-100 |
|
|
- |
- |
- |
- 613,676 |
- |
|
|
|
2,244 |
-29.64 |
3,189 |
- 555,066 |
-99 |
|
|
|
4,606,703 |
1.63 |
4,532,657 - |
- 1,446,135 |
218 |
|
|
|
Raw materials &
consumables |
- |
- |
- |
- 5,250,757 |
- |
|
|
Work in progress |
0 |
- |
0 |
- 154 |
-100 |
|
|
Finished goods |
4,606,703 |
1.63 |
4,532,657 - |
- 792,624 |
481 |
|
|
Other stocks |
0 |
- |
0 |
- 279,288 |
-100 |
|
|
4,626,248 |
115 |
2,149,214 - |
- 1,830,948 |
152 |
|
|
|
Cash |
76,453 |
-26.13 |
103,491 |
- 156,215 |
-51.06 |
|
|
392,452 |
148 |
158,179 |
- 324,616 |
20.90 |
|
|
|
10,524 |
16.17 |
9,059 |
- 60,134 |
-82.50 |
|
|
|
9,712,380 |
39.69 |
6,952,600 - |
- 3,481,511 |
178 |
|
|
|
9,714,624 |
39.66 |
6,955,788 - |
-
3,954,388 300,933 |
145 |
|
CURRENT LIABILITIES |
||||||
|
|
6,798,420 |
68.45 |
4,035,919
- |
-
961,084 |
607 |
|
|
|
- |
- |
- |
-
- |
- |
|
|
|
250,247 |
1.68 |
246,107 |
-
2,830,141 27,487 |
-91.16 |
|
|
|
- |
- |
- |
-
124,931 16,861 |
- |
|
|
|
17,890 |
482 |
3,070 |
-
9,363- |
-78.81 |
|
|
|
1,995,820 |
-3.43 |
2,066,770
- |
-
675 |
|
|
|
|
9,062,377 |
42.67 |
6,351,866
- |
-
2,288,426 |
296 |
|
|
LONG TERM DEBTS AND LIABILITIES |
||||||
|
|
Long
term group loans |
- |
- |
- |
-
- |
|
|
|
Other
long term loans |
- |
- |
- |
-
- |
-- |
|
|
Deffered
taxes |
- |
- |
- |
-
47,658 28,276 |
- |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
-
16,558 0 |
-100 |
|
|
Other
long term liabilities |
0 |
- |
0 |
-
48,658 |
-100 |
|
|
0 |
- |
0 |
-
666,557 |
-100 |
|
|
SHAREHOLDERS EQUITY |
||||||
|
|
560,000 |
0 |
560,000 |
-
631,530 |
-11.33 |
|
|
|
- |
- |
- |
-
261,617 |
- |
|
|
|
92,246 |
110 |
43,922 |
-
347,434 |
-73.45 |
|
|
|
- |
- |
- |
-
570,310 |
- |
|
|
|
Total
shareholders equity |
652,246 |
8.00 |
603,922 |
-
999,405 |
-34.74 |
|
|
650,002 |
8.20 |
600,733 |
-
1,193,085 |
^15.52 |
|
|
|
49,269 |
8.38 |
45,458 |
-
85,547 |
-42.41 |
|
|
|
650,660 |
8.14 |
601,686 |
-
995,797 |
-34.66 |
|
RATIO ANALYSIS
|
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012
|
change(%) Industry average 2013 |
% |
|
TRADING PERFORMANCE |
||||||
|
|
Profit
Before Tax |
0.39 |
-9.30 |
0.43 |
- -12,00 |
3.25 |
|
|
9.68 |
24.42 |
7.78 |
- 393,00 |
-97.54 |
|
|
|
0.65 |
-4.41 |
0.68 |
- 0,00 |
- |
|
|
|
9.68 |
24.42 |
7.78 |
- 378,00 |
-97.44 |
|
|
|
24.89 |
35.64 |
18.35 |
- -47,00 |
-99 |
|
|
|
28.48 |
-30.76 |
41.13 |
- 55,00 |
^18.22 |
|
|
|
104.38 |
46.64 |
71.18 |
- 354,72 |
-70.57 |
|
|
|
154.06 |
14.54 |
134.50 |
- 244,94 |
-37.10 |
|
|
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
1.07 |
-1.83 |
1.09 |
- 20,00 |
-98.90 |
|
|
|
0.56 |
47.37 |
0.38 |
- 18,00 |
-96.89 |
|
|
|
13.89 |
32.03 |
10.52 |
- 97,00 |
-85.68 |
|
|
Liquidity ratio reprocessed - - - - - - |
||||||
|
LONG TERM STABILITY |
||||||
|
|
38.37 |
-5.84 |
40.75 |
- 73,00 |
^7.44 |
|
|
|
6.72 |
-22.67 |
8.69 |
- -243,00 |
2.77 |
|
|
|
13.89 |
32.03 |
10.52 |
- 97,00 |
-85.68 |
|
|
Activity
code |
46480 |
|
|
Activity
description |
Wholesale
of watches and iewellerv |
|
|
industry average credit rating |
61.07 |
|
|
Industry average
credit limit |
7967.53 |
|
Suspension of payments / moratorium history
|
Amount -- |
||
|
Details -- |
||
|
|
||
|
Payment
expectations |
|
|
|
Payment
expectation days |
154.06 |
|
|
Day
sales outstanding |
104.38 |
|
|
Industry
comparison |
||
|
Activity
code |
46480 |
|
|
Activity
description |
Wholesale
of watches and jewellery |
|
|
Industry average payment expectation days |
244.94 |
|
|
Industry average day sales outstanding |
354.72 |
|
Industry quartile analysis
Payment expectations
Company result 154.06
Lower 131.10
Median 63.03
Upper 19.75
|
Day
sales outstanding |
|
|
Company
result |
104.38 |
|
Lower |
121.20 |
|
Median |
55.17 |
|
Upper |
21.03 |
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
Companies that match this address
No Companies Match this address
Summary
Group - Number of Companies 0
Linkages - Number of Companies 0
Number of Countries 0
There is no data for this company
There is no data for this company
There is no data for this company
Current director details
Name DARSHIT AJIT SHAH
Position Principal Manager
Start Date 25/03/2011
Street 134 BELGIËLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.