|
Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMBEL NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 195, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.06.1985 |
|
|
|
|
Com. Reg. No.: |
427397143 |
|
|
|
|
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 : |
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 – 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 427397143
Company name DIAMBEL NV
Address HOVENIERSSTRAAT
30-BUS 195
2018 ANTWERPEN
Number of staff 1
Date of establishment 27/06/1985
Telephone number 032314367
Fax number 032310522
The business was established over 29 years ago.
The business has 1 employees.
The business has been at the address for over 15 years.
Pre-tax profits increased by 46% compared to the previous trading
period.
The business saw a decrease in their Cash Balance of 47% during the
latest trading period.
|
ACCOUNTS |
||||
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
95,562,313 |
256,612 |
32,055,620 |
39,911,388 |
|
31/12/2012 |
87,607,256 |
174,666 |
33,329,724 |
41,453,387 |
|
31/12/2011 |
98,280,005 |
154,531 |
33,830,590 |
33,502,579 |
|
|
|
|
|
|
|
ACCOUNTS |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
73,133,576 |
1 |
3,495,883 |
235,822 |
|
31/12/2012 |
72,409,642 |
2 |
3,654,020 |
225,462 |
|
31/12/2011 |
71,051,943 |
3 |
3,726,339 |
218,683 |
|
Payment
expectations |
||||
|
Past
payments |
|
Payment expectation days |
109.53 |
|
|
Industry average payment expectation days |
123..17 |
Industry average day sales outstanding |
141.43 |
|
|
Day
sales outstanding |
156 |
|
|
|
|
Court
data summary |
||||
|
BANKRUPTCY
DETAILS |
||||
|
Court
action type |
no |
|
|
|
|
PROTESTED
BILLS |
||||
|
Bill
amount |
||||
|
NSSO
DETAILS |
||||
|
Date
of summons |
-- |
|
|
|
|
Business number |
427397143 |
|
Company name |
DIAMBEL NV |
|
|
Fax number |
032310522 |
|
Date founded |
27/06/1985 |
|
|
Company status |
active |
|
Company type |
Public Limited Liability Company (BE) |
|
|
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.0427.397.143 Check VAT number |
||
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
|
|
|
Social
Balance Sheet |
Total |
|
|
|
During the
reporting year ended
31-12-2013 |
|||
|
Full-time
Employees |
1 |
|
|
|
Part-time
Employees |
2 |
|
|
|
Total Fte
Employees |
2 |
|
|
|
|
|||
|
Number of
hours worked |
|||
|
Full-time
Employees |
1,756 |
|
|
|
Part-time
Employees |
2,127 |
|
|
|
Total |
3,883 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
30,669 |
|
|
|
Part-time
Employees |
37,149 |
|
|
|
Total |
67,818 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
|
|
|||
|
During the
previous reporting year |
|||
|
Average
number employees in Fte |
3 |
|
|
|
Actual
working hours |
3,273 |
|
|
|
Personnel
Charges |
54,137 |
|
|
|
Benefits In
Addition To Wages |
- |
|
|
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts 1 1 2
Women Full-Time
Part-Time Total Fte
Primary education - 1 1
Secondairy education 1 - 1
Working Category Full-Time
Part-Time Total Fte
White collar worker 1 1 2
New staff and leavers Full-Time
Part-Time Total Fte
Leavers - 1 1
SIGNIFICANT EVENTS
Event Date 15/12/2011
Event Description
Event Details De aandelen aan
toonder worden omgezet in aandelen op naam.
PROFIT & LOSS
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
95,562,313 |
9.08 |
87,607,256 |
-10.86 |
98,280,005 |
54,328,773 |
75.90 |
|
Total
operating expenses |
94,656,042 |
7.79 |
87,811,797 |
-7.29 |
94,713,950 |
53,874,825 |
75.70 |
|
Operating
result |
906,271 |
443 |
-204,541 |
-105 |
3,566,055 |
149,823 |
504 |
|
Total
financial income |
359,704 |
-69.13 |
1,165,269 |
-72.65 |
4,261,279 |
83,179 |
332 |
|
Total financial expenses |
1,009,362 |
28.41 |
786,062 |
-89.76 |
7,672,803 |
191,543 |
426 |
|
Results on ordinary
operations before taxation |
256,612 |
46.92 |
174,666 |
13.03 |
154,531 |
34,909 |
635 |
|
Taxation |
21,834 |
0.07 |
21,818 |
45.20 |
15,026 |
21,734 |
0.46 |
|
Results on ordinary
operations after taxation |
234,778 |
53.60 |
152,848 |
9.56 |
139,505 |
18,939 |
1139 |
|
Extraordinary items |
-68,522 |
- |
0 |
- |
0 |
5,365 |
-1377 |
|
Other appropriations |
2066 |
-27.53 |
2851 |
-67.42 |
8751 |
- |
- |
|
Net result |
168,322 |
8.11 |
155,699 |
5.02 |
148,256 |
24,438 |
588 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
33,409 |
- |
|
Dividends |
- |
- |
- |
- |
- |
234,766 |
- |
|
Director remuneration |
57,389 |
7.16 |
53,552 |
- |
- |
126,036 |
-54.47 |
|
Employee costs |
67,818 |
19.85 |
56,586 |
-29.61 |
80,393 |
139,048 |
-51.23 |
|
Wages and salary |
55,480 |
17.93 |
47,044 |
-32.37 |
69,565 |
119,968 |
-53.75 |
|
Employee pension costs |
- |
- |
- |
- |
- |
23,129 |
- |
|
Social security
contributions |
11,570 |
32.58 |
8,727 |
-10.63 |
9,765 |
29,614 |
-60.93 |
|
Other employee costs |
768 |
-5.88 |
816 |
-23.31 |
1,064 |
3,979 |
-80.70 |
|
Amortization and
depreciation |
67,500 |
-3.24 |
69,763 |
-0.94 |
70,427 |
17,896 |
277 |
BALANCE SHEET
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
1,298 |
-100 |
|
Tangible
fixed assets |
689,147 |
-12.49 |
787,511 |
-9.29 |
868,198 |
189,680 |
263 |
|
Land &
building |
654,498 |
-8.99 |
719,158 |
-6.50 |
769,139 |
369,885 |
76.95 |
|
Plant &
machinery |
26,816 |
-52.68 |
56,667 |
-29.67 |
80,573 |
26,893 |
-0.29 |
|
Furniture
& Vehicles |
7,833 |
-32.97 |
11,686 |
-36.78 |
18,485 |
15,771 4,585 |
-50.33 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
107,517 34,551 |
- |
|
Other
tangible assets |
0 |
- |
0 |
-100 |
1 |
9,057 |
-100 |
|
Financial
fixed assets |
- |
- |
- |
- |
- |
179,439 |
- |
|
Total fixed
assets |
689,147 |
-12.49 |
787,511 |
-9.29 |
868,198 |
299,919 |
129 |
|
Inventories |
28,503,314 |
-7.88 |
30,942,172 |
6.40 |
29,080,689 |
2,927,814 |
873 |
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
6,545,857 |
- |
|
Work in
progress |
0 |
- |
0 |
- |
0 |
1,123 |
-100 |
|
Finished
goods |
28,503,314 |
-7.88 |
30,942,172 |
6.40 |
29,080,689 |
1,943,728 |
1366 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
451,609 |
-100 |
|
Trade
debtors |
40,842,834 |
11.88 |
36,504,679 |
-0.26 |
36,598,726 |
4,241,844 |
862 |
|
Cash |
1,152,807 |
-47.49 |
2,195,360 |
-34.28 |
3,340,573 |
456,237,237 |
-99 |
|
Other
Amounts Receivable |
1,931,141 |
-1.73 |
1,965,041 |
70.64 |
1,151,582 |
181,821 |
962 |
|
Miscellaneous
current assets |
14,333 |
-3.67 |
14,879 |
22.21 |
12,175 |
-449,184,062 |
0.00 |
|
Total
current assets |
72,444,429 |
1.15 |
71,622,131 |
2.05 |
70,183,745 |
7,131,127 |
915 |
|
Total
Assets |
73,133,576 |
1.00 |
72,409,642 |
1.91 |
71,051,943 |
7,398,361 1,291,835 |
888 |
CURRENT LIABILITIES
|
Trade creditors |
28,405,739 |
-3.45 |
29,421,129 |
-18.02 |
35,886,667 |
2,898,098 |
880 |
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
3,449,860 |
10289 |
33,205 |
300 |
8,293 |
4,392,180 148,601 |
-21.45 |
|
Current portion of long term debt |
- |
- |
5,036 |
-22.01 |
6,457 |
81,130
14,053 |
- |
|
Amounts Payable for Taxes,
Remuneration & Social Security |
15,112 |
-31.30 |
21,997 |
-2.74 |
22,617 |
8,507
- |
-52.24 |
|
Miscellaneous current liabilities |
662,330 |
-3.64 |
687,377 |
-9.21 |
757,132 |
174 |
-- |
|
Total current liabilities |
32,533,041 |
7.84 |
30,168,744 |
-17.75 |
36,681,166 |
5,071,474 |
541 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Other long term loans |
8,017,026 |
-4.33 |
8,379,677 |
166295 |
5,036 |
583 |
-- |
|
Deffered taxes |
32,109 |
-10.11 |
35,721 |
-9.19 |
39,336 |
46,266
28,377 |
-30.60 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,923
0 |
-100 |
|
Other long term liabilities |
495,780 |
0.00 |
495,776 |
-0.01 |
495,815 |
243,305 |
103 |
|
Total long term debts |
8,544,915 |
-4.11 |
8,911,174 |
1549 |
540,187 |
679,953 |
1156 |
|
Issued share capital |
3,495,883 |
-4.33 |
3,654,020 |
-1.94 |
3,726,339 |
963,005 |
263 |
|
Share premium account |
- |
- |
- |
- |
- |
124,160 |
- |
|
Reserves |
28,559,737 |
-3.76 |
29,675,704 |
-1.42 |
30,104,251 |
653,401 |
4270 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
881,530 |
- |
|
Total shareholders equity |
32,055,620 |
-3.82 |
33,329,724 |
-1.48 |
33,830,590 |
1,639,055 |
1855 |
|
Working capital |
39,911,388 |
-3.72 |
41,453,387 |
23.73 |
33,502,579 |
2,059,653 |
1837 |
|
Cash flow |
235,822 |
4.60 |
225,462 |
3.10 |
218,683 |
38,980 |
504 |
|
Net worth |
32,055,620 |
-3.82 |
33,329,724 |
-1.48 |
33,830,590 |
1,637,757 |
1857 |
RATIO
|
Annual accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.27 |
35.00 |
0.20 |
25.00 |
0.16 |
-7,00 |
3.86 |
|
Return on capital
employed |
0.63 |
53.66 |
0.41 |
-8.89 |
0.45 |
-7,00 |
9.00 |
|
Return on
total assets employed |
0.35 |
45.83 |
0.24 |
9.09 |
0.22 |
-8,00 |
4.38 |
|
Return on
net assets employed |
0.80 |
53.85 |
0.52 |
13.04 |
0.46 |
-6,00 |
13.33 |
|
Sales / net
working capital |
2.39 |
13.27 |
2.11 |
-27.99 |
2.93 |
132,00 |
-99 |
|
Stock
turnover ratio |
29.83 |
-15.54 |
35.32 |
19.36 |
29.59 |
76,00 |
-60.75 |
|
Debtor days |
156 |
2.57 |
152.09 |
11.90 |
135.92 |
141,43 |
10.30 |
|
Creditor
days |
109.53 |
-10.43 |
122.29 |
-11.58 |
138.30 |
123,17 |
-11.07 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
Current
ratio |
2.23 |
-5.91 |
2.37 |
24.08 |
1.91 |
4,00 |
-77.70 |
|
Liquidity
ratio / acid ratio |
1.35 |
0 |
1.35 |
20.54 |
1.12 |
3,00 |
-55.00 |
|
Current debt
ratio |
1.01 |
10.99 |
0.91 |
-15.74 |
1.08 |
10,00 |
-89.90 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
35.77 |
41.61 |
25.26 |
42000 |
0.06 |
229,00 |
-84.38 |
|
Equity in
percentage |
43.83 |
-4.78 |
46.03 |
-3.32 |
47.61 |
-210,00 |
20.87 |
|
Total debt
ratio |
1.28 |
9.40 |
1.17 |
6.36 |
1.10 |
11,00 |
-88.36 |
Industry comparison
|
||
|
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
|
|
|
|
Payment expectations |
||
|
Payment expectation days |
109.53 |
|
|
Day sales outstanding |
156 |
|
|
|
|
|
Industry comparison
|
||
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of
diamonds and other precious stones |
|
|
Industry average payment
expectation days |
123.17 |
|
|
Industry average day sales
outstanding |
141.43 |
|
PAYMENT EXPECTATIONS
Company result 109.53
Lower 122.66
Median 75.38
Upper 46.73
Company result 156
Lower 101.92
Median 54.50
Upper 24.07
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
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
|
|
|
CURRENT DIRECTOR DETAILS |
|
|
Name |
SARJUBEN
SANGHVI |
|
Position |
Chairman of
the Board |
|
Start Date |
29/03/1999 |
|
Street |
12
ZINKHOEVELAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
02/08/2011 |
|
Street |
12
ZINKHOEVELAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
ASHISHKUMAR
JARIWALA |
|
Position |
Director |
|
Start Date |
01/01/2012 |
|
Street |
142
KRUISHOFSTRAAT ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
FORMER DIRECTOR DETAILS
Name PASMI DIMON
BVBA
Position Director
Start Date 12/01/2004
End Date Unknown date
Date of birth 15/05/2000
Street 30 HOVENIERSSTRAAT ANTWERPEN
Post code 2018
Country Belgium
Name TEJPAL JAYANTILAL MEHTA
Position Director
Start Date 29/03/1999
End Date Unknown date
Street 25 BELGIELEI ANTWERPEN
Post code 2018
Country Belgium
Name PARESH SANGHVI
Position Principal Manager
Start Date 31/12/1995
End Date Unknown date
Street 12 ZINKHOEVELAAN ANTWERPEN
Post code 2610
Country Belgium
Position Managing Director
Start Date 29/03/1999
End Date Unknown date
Street 12 ZINKHOEVELAAN ANTWERPEN
Post code 2610
Country Belgium
Position Director
Start Date 29/03/1999
End Date Unknown date
Street 12 ZINKHOEVELAAN ANTWERPEN
Post code 2610
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.97.69 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.