|
Report Date : |
10.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND
TRADING NV |
|
|
|
|
Registered Office : |
Pelikaanstraat
62, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.07.1995 |
|
|
|
|
Com. Reg. No.: |
455632655 |
|
|
|
|
Legal Form : |
Public
Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale
of diamonds and other precious stones |
|
|
|
|
No of Employees : |
6 |
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 |
455632655 |
|
Company
name |
DIAMOND
TRADING NV |
|
Address |
PELIKAANSTRAAT
62 |
|
|
2018
ANTWERPEN |
|
Number
of staff |
6 |
|
Date of
establishment |
27/07/1995 |
|
Telephone
number |
032343201 |
|
Fax
number |
032336814 |
The
business was established over 19 years ago.
The business
has 5 employees.
The
business is part of a group.
This
business has a foreign parent business.
The
business has been at the address for over 2 years.
Operating
Result in the latest trading period increased 282% on the previous trading
period
The business
saw an increase in their Cash Balance of 80% during the latest trading period
Turnover
in the latest trading period increased 37% on the previous trading period.
Accounts
|
date of latest accounts |
turnover |
profit before tax |
net worth |
working capital |
|
31/12/2013 |
268,692,412 |
3,419,372 |
22,281,443 |
21,659,150 |
|
30/06/2012 |
195,210,188 |
3,599,091 |
20,765,679 |
20,356,358 |
|
30/06/2011 |
200,756,787 |
2,162,579 |
18,534,596 |
18,146,214 |
Accounts
|
date of latest accounts |
balance total |
number of employees |
capital |
cash flow |
|
31/12/2013 |
50,919,643 |
6 |
348,290 |
2,399,709 |
|
30/06/2012 |
50,568,491 |
7 |
348,290 |
2,449,518 |
|
30/06/2011 |
44,575,732 |
5 |
348,290 |
1,523,501 |
Payment
expectations
|
|||
|
Past
payments |
|
Payment
expectation days |
1.16 |
|
Industry
average payment expectation days |
129.34 |
Industry
average day sales outstanding |
143.77 |
|
Day
sales outstanding |
41.81 |
|
|
Court
data summary
|
||||
|
BANKRUPTCY
DETAILS |
||||
|
Court
action type |
no |
|
|
|
|
PROTESTED BILLS |
|
|
|
|
|
Bill amount |
- |
|
|
|
|
NSSO DETAILS |
|
|
|
|
|
Date of summons |
- |
|
|
|
|
Business
number |
455632655 |
Company
name |
DIAMOND
TRADING NV |
|
Fax
number |
032336814 |
Date
founded |
27/07/1995 |
|
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.0455.632.655
Check VAT number |
|
Belgian
Bullettin of Acts Publications |
moniteur
beige |
|
|
|
Social
Balance Sheet |
Total |
|
|
|
During
the reporting year ended 31-12-2013 |
|
|
|
|
Full-time
Employees |
3 |
|
|
|
Part-time
Employees |
5 |
|
|
|
Total
Fte Employees |
6 |
|
|
|
|
|||
|
Number
of hours worked |
|||
|
Full-time
Employees |
6,946 |
|
|
|
Part-time
Employees |
8,693 |
|
|
|
Total |
15,639 |
|
|
|
|
|||
|
Personnel
Charges |
|||
|
Full-time
Employees |
317,174 |
|
|
|
Part-time
Employees |
360,164 |
|
|
|
Total |
677,338 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
|
|||
|
During
the previous reporting year |
|
|
|
|
Average
number employees in Fte |
6 |
|
|
|
Actual
working hours |
11,056 |
|
|
|
Personnel
Charges |
392,370 |
|
|
|
Benefits
In Addition To Wages |
- |
|
|
|
Type of
Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration Contracts |
3 |
5 |
7 |
Gender and
Education Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy
education |
1 |
- |
1 |
|
Higher
education (university) |
1 |
- |
1 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy
education |
1 |
2 |
3 |
|
Higher
education (non university) |
- |
2 |
1 |
|
Higher
education (university) |
- |
1 |
1 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
White
collar worker |
3 |
5 |
7 |
|
New staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New Starters |
1 |
1 |
2 |
|
Leavers |
2 |
- |
2 |
Joint
Industrial Committee (JIC)
|
JIC Code |
218 |
|
Description
category |
Additional
national joint committee for the employees |
|
Significant
Events |
|
|
Event Date |
22/06/2009 |
|
Event
Description |
re-appointment
of director(s) |
|
Event
Details |
Commentaar
22-06-2009: Herbenoeming gedelegeerd bestuurders voor een periode van
zes jaar: Daniel De Belder, Jean-Louis Van Strijdonck. |
|
|
|
|
Event
Date |
28/12/2010 |
|
Event
Description |
|
|
Event
Details |
De
vergadering heeft besloten de aandelen aan toonder om te zetten in aandelen
op naam. |
Profit
& loss
|
|
Annual
accounts |
31-12-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
Industry
average 2013 |
% |
|
||||
|
Weeks |
78 |
|
52 |
|
78 |
|
|
|
||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
||||
|
Turnover |
268,692,412 |
37.64 |
195,210,188 |
-2.76 |
200,756,787 |
61,139,601 |
339 |
|
||||
|
Total
operating expenses |
260,827,117 |
35.04 |
193,152,209 |
-1.86 |
196,808,589 |
60,641,924 |
330 |
|
||||
|
Operating
result |
7,865,295 |
282 |
2,057,979 |
-47.88 |
3,948,198 |
163,469 |
4711 |
|
||||
|
Total
financial income |
277,367 |
-91.02 |
3,087,596 |
1813 |
161,331 |
64,271 |
331 |
|
||||
|
Total
financial expenses |
4,723,289 |
205 |
1,546,484 |
-20.57 |
1,946,950 |
187,332 |
2421 |
|
||||
|
Results
on ordinary operations before taxation |
3,419,372 |
-4.99 |
3,599,091 |
66.43 |
2,162,579 |
41,028 |
8234 |
|
||||
|
Taxation |
1,085,599 |
-8.59 |
1,187,663 |
73.44 |
684,755 |
23,346 |
4550 |
|
||||
|
Results
on ordinary operations after taxation |
2,333,774 |
-3.22 |
2,411,428 |
63.17 |
1,477,824 : |
24,092 |
9586 |
|
||||
|
Extraordinary
items |
10,000 |
53.06 |
6,533 |
- |
0 |
5,832 |
71.47 |
|
||||
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
||||
|
Net
result |
2,343,774 |
-3.07 |
2,417,962 |
63.62 |
1,477,824 |
30,081 |
7691 |
|
||||
|
OTHER
INFORMATION |
|
|
|
|
|
|
|
|
||||
|
Gross Operating
Margin |
- |
- |
- |
- |
- |
36,316 |
- |
|
||||
|
Dividends |
666,667 |
- |
- |
- |
- |
221,730 |
200 |
|||||
|
Director
remuneration |
143,445 |
40.41 |
102,158 |
-31.53 |
149,193 |
124,007 |
15.67 |
|||||
|
Employee
costs |
677,338 |
72.63 |
392,370 |
-28.63 |
549,791 |
154,270 |
339 |
|||||
|
Wages
and salary |
531,531 |
75.01 |
303,714 |
-30.33 |
435,962 |
118,994 |
346 |
|||||
|
Employee
pension costs |
- |
- |
- |
- |
- |
23,129 |
- |
|||||
|
Social
security contributions |
129,459 |
75.63 |
73,711 |
-27.48 |
101,638 |
29,274 |
342 |
|||||
|
Other
employee costs |
16,348 |
9.40 |
14,944 |
22.58 |
12,191 |
3,977 |
311 |
|||||
|
Amortization
and depreciation |
55,936 |
77.26 |
31,556 |
-30.92 |
45,677 |
18,487 |
202 |
|||||
|
Annual
accounts |
31-12-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
Industry
average 2013 |
% |
||||||
|
Weeks |
78 |
|
52 |
|
78 |
|
|
||||||
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
||||||
|
Intangible
fixed assets |
541,911 |
- |
380,568 |
- |
193,689 |
1,475 |
36639 |
||||||
|
Tangible
fixed assets |
209,948 |
-6.74 |
225,129 |
10.04 |
204,590 |
199,015 |
5.49 |
||||||
|
Land
& building |
- |
- |
- |
- |
- |
392,483 |
- |
||||||
|
Plant
& machinery |
26,976 |
30.22 |
20,716 |
225 |
6,362 |
28,333 |
-4.79 |
||||||
|
Furniture
& Vehicles |
150,017 |
-15.07 |
176,630 |
-4.12 |
184,228 |
15,522 4,251 |
866 |
||||||
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
41,563 20,725 |
|
||||||
|
Other
tangible assets |
32,954 |
18.61 |
27,783 |
98.45 |
14,000 |
10,445 |
215 |
||||||
|
Financial
fixed assets |
412,345 |
123 |
184,192 |
0.22 |
183,792 |
239,888 |
71.89 |
||||||
|
Total
fixed assets |
1,164,204 |
47.39 |
789,890 |
35.70 |
582,072 |
350,416 |
232 |
||||||
|
Inventories |
17,370,081 |
97.88 |
8,778,294 |
-43.52 |
15,541,051 |
3,181,681 |
445 |
||||||
|
Raw
materials & consumables |
- |
- |
- |
- |
- |
7,018,384 |
|
||||||
|
Work in
progress |
0 |
- |
0 |
- |
0 |
1,347 |
-100 |
||||||
|
Finished
goods |
17,370,081 |
97.88 |
8,778,294 |
-43.52 |
15,541,051 |
2,138,632 |
712 |
||||||
|
Other
stocks |
0 |
- |
0 |
- |
0 |
436,130 |
-100 |
||||||
|
Trade
debtors |
30,776,997 |
-21.97 |
39,444,679 |
44.67 |
27,266,135 |
4,309,561 |
614 |
||||||
|
Cash |
34,485 |
80.52 |
19,103 |
-28.66 |
26,776 |
547,311,313 |
-99 |
||||||
|
other
amounts receivable |
1,549,246 |
2.24 |
1,515,341 |
31.42 |
1,153,087 |
230,362 |
572 |
||||||
|
Miscellaneous
current assets |
24,630 |
16.26 |
21,185 |
220 |
6,611 |
-538,681,029 |
0.00 |
||||||
|
Total current
assets |
49,755,439 |
-0.05 |
49,778,601 |
13.15 |
43,993,660 |
7,403,219 |
572 |
||||||
|
Total
Assets |
50,919,643 |
0.69 |
50,568,491 |
13.44 |
44,575,732 |
7,715,156 1,228,813 |
559 |
||||||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
||||||
|
Trade
creditors |
829,714 |
5.90 |
783,507 |
-76.12 |
3,281,377 |
3,047,327 |
-72.77 |
||||||
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
||||||
|
Financial
debts |
25,999,223 |
-4.95 |
27,352,649 |
25.47 |
21,800,451 |
4,532,115 127,231 |
473 |
||||||
|
Current
portion of long term debt - |
|
- |
- |
- |
- |
83,605 13,806 |
- |
||||||
|
Amounts
Payable for Taxes, Remuneration & Social Security |
1,180,251 |
-6.82 |
1,266,674 |
68.52 |
751,633 |
8,047 - |
3630 |
||||||
|
Miscellaneous
current liabilities |
87,101 |
348 |
19,414 |
38.81 |
13,986 |
-63.44 |
-- |
||||||
|
Total
current liabilities |
28,096,289 |
-4.51 |
29,422,244 |
13.83 |
25,847,446 |
5,254,464 |
434 |
||||||
|
LONG
TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
-- |
||||||
|
Other
long term loans |
- |
- |
- |
- |
- |
- |
-- |
||||||
|
Deffered
taxes |
- |
- |
- |
- |
- |
57,636 69,470 |
- |
||||||
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
5,099 0 |
-100 |
||||||
|
Other long
term liabilities |
0 |
- |
0 |
- |
0 |
240,062 |
-100 |
||||||
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
670,980 |
-100 |
||||||
|
SHAREHOLDERS
EQUITY |
|
|
|
|
|
|
|
||||||
|
Issued
share capital |
348,290 |
0 |
348,290 |
0 |
348,290 |
1,045,177 |
-66.68 |
||||||
|
Share
premium account |
- |
- |
- |
- |
- |
85,441 |
- |
||||||
|
Reserves |
22,475,064 |
8.06 |
20,797,957 |
13.16 |
18,379,995 |
713,969 |
3047 |
||||||
|
Revaluation
reserve |
- |
- |
- |
- |
- |
907,399 |
- |
||||||
|
Total shareholders
equity |
22,823,354 |
7.93 |
21,146,247 |
12.91 |
18,728,286 |
1,781,711 |
1180 |
||||||
|
Working
capital |
21,659,150 |
6.40 |
20,356,358 |
12.18 |
18,146,214 |
2,148,755 |
907 |
||||||
|
Cashflow |
2,399,709 |
-2.03 |
2,449,518 |
60.78 |
1,523,501 |
45,192 |
5210 |
||||||
|
Net
worth |
22,281,443 |
7.30 |
20,765,679 |
12.04 |
18,534,596 |
1,780,235 |
1151 |
||||||
|
Annual
accounts |
31-12-2013 |
change(%) |
30-06-2012 |
change(%) |
30-06-2011 |
Industry
average 2013 |
% |
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
1.27 |
-30.98 |
1.84 |
70.37 |
1.08 |
-9,00 |
14.11 |
|
Return
on capital employed |
14.98 |
-11.99 |
17.02 |
47.36 |
11.55 |
-13,00 |
115 |
|
Return
on total assets employed |
6.72 |
-5.62 |
7.12 |
46.80 |
4.85 |
-5,00 |
134 |
|
Return
on net assets employed |
14.98 |
-11.99 |
17.02 |
47.36 |
11.55 |
-14,00 |
107 |
|
Sales /
net working capital |
12.41 |
29.41 |
9.59 |
-13.29 |
11.06 |
159,00 |
-99 |
|
Stock
turnover ratio |
6.46 |
43.56 |
4.50 |
-41.86 |
7.74 |
82,00 |
-92.12 |
|
Debtor
days |
41.81 |
-43.31 |
73.75 |
48.78 |
49.57 |
143,77 |
-70.92 |
|
Creditor
days |
1.16 |
-21.62 |
1.48 |
-75.70 |
6.09 |
129,34 |
-99 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
Current
ratio |
1.77 |
4.73 |
1.69 |
-0.59 |
1.70 |
4,00 |
-88.20 |
|
Liquidity
ratio / acid ratio |
1.15 |
-17.27 |
1.39 |
26.36 |
1.10 |
3,00 |
-61.67 |
|
Current
debt ratio |
1.23 |
-11.51 |
1.39 |
0.72 |
1.38 |
15,00 |
-91.80 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
113.91 |
-11.94 |
129.35 |
11.13 |
116.40 |
251,00 |
-54.62 |
|
Equity
in percentage |
45.30 |
7.52 |
42.13 |
-0.17 |
42.20 |
-248,00 |
18.27 |
|
Total
debt ratio |
1.23 |
-11.51 |
1.39 |
0.72 |
1.38 |
16,00 |
-92.31 |
Activity
code 46761
Activity
description Wholesale of diamonds and other
precious stones
industry
average credit 64.48
rating
Industry
average credit 140177.31
limit
Payment
Information Summary
Total
number of Invoices available 1
Total
number of Invoices paid within or
up to 30 days after the due date 1
Total
number of Invoices paid more than
30 days after the due date 0
Total
number of Invoices currently
outstanding where the due date has not vet been reached 0
Payment
expectations
|
|
|
Payment
expectation days |
1.16 |
|
Day
sales outstanding |
41.81 |
Industry
comparison
|
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale
of diamonds and other precious stones |
|
Industry
average payment expectation days |
129.34 |
|
Industry
average day sales outstanding |
143.77 |
|
Payment
expectations |
|
|
Company
result |
1.16 |
|
Lower |
125.63 |
|
Median |
77.07 |
|
Upper |
48.13 |
|
Company
result |
41.81 |
|
Lower |
103.77 |
|
Median |
54.50 |
Summary
Group -
Number of Companies 2
Linkages -
Number of Companies
Number of
Countries
Group
Structure
|
Company
name |
Number |
Latest
financials |
|
- DIAMOND TRADING NV |
455632655 |
31-12-2013 |
|
- -
DELTA TAU DIAMOND (SHANGHAI) CY LTD. SOC... |
|
|
Minority
Shareholders
No minority
shareholders found
Minority
Interests
No
minority interests found
|
Forename |
Jean-Louis |
Middle
name |
Joseph |
|
Surname |
Van
Strydonck |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
27/07/1995 |
End date |
- |
|
Percentage
owned |
|||
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Hemelrijk |
House
number |
91 |
|
Minor
town |
- |
Postal
town |
Essen |
|
Post
code |
2910 |
Country |
Belgium |
|
SHAREHOLDER
NAME |
|||
|
Forename |
Daniel |
Middle
name |
Francis |
|
Surname |
De Belder |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
27/07/1995 |
End date |
- |
|
Percentage
owned |
|||
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
Hemelrijk |
House
number |
93 |
|
Minor
town |
- |
Postal
town |
Essen |
|
Post
code |
2910 |
Country |
Belgium |
|
SHAREHOLDER
NAME |
|||
|
Forename |
Philippe |
Middle
name |
Julia |
|
Surname |
Zeldenrust |
|
|
|
SHAREHOLDER
DETAILS |
|||
|
Start
date |
27/07/1995 |
End date |
- |
|
Percentage
owned |
|||
|
SHAREHOLDER
ADDRESS |
|||
|
Street
name |
PB |
House
number |
7439 |
|
Minor
town |
- |
Postal
town |
KINSHASA |
|
Post
code |
- |
Country |
Congo |
Summary
Group - Number of Companies 2
Linkages - Number of Companies 0
Number of Countries 0
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
|
Current
director details |
|
||
|
Name |
JEAN-LOUIS
VAN STRIJDONCK |
|
|
|
Position |
Managing
Director |
|
|
|
Start
Date |
11/08/2010 |
|
|
|
Street |
91
HEMELRIJK ESSEN |
|
|
|
Post
code |
2910 |
|
|
|
Country |
Belgium |
|
|
|
|
|
||
|
Name |
DANIEL
BORIS FRANCIS DE BELDER |
|
|
|
Position |
Managing
Director |
|
|
|
Start Date |
11/08/2010 |
|
|
|
Street |
93
HEMELRIJK ESSEN |
|
|
|
Post
code |
2910 |
|
|
|
Country |
Belgium |
|
|
|
Position |
Director |
|
|
|
Start
Date |
27/07/1995 |
|
|
|
Street |
93
HEMELRIJK ESSEN |
|
|
|
Post
code |
2910 |
|
|
|
Country |
Belgium |
|
|
|
|
|
||
|
Name |
JEAN-LOUIS
MARIE JOSEPH VAN STRYDONCK |
|
|
|
Position |
Managing
Director |
|
|
|
Start
Date |
26/05/1997 |
|
|
|
Street |
91
HEMELRIJK ESSEN |
|
|
|
Post
code |
2910 |
|
|
|
Country |
Belgium |
|
|
|
Position |
Director |
|
|
|
Start
Date |
27/07/1995 |
|
|
|
Street |
91
HEMELRIJK ESSEN |
|
|
|
Post
code |
2910 |
|
|
|
Country |
Belgium |
|
|
|
Former
director details |
|
||
|
Name |
PHILIPPE
SYLVAIN JULIA ZELDENRUST |
|
|
|
Position |
Chairman
of the Board |
|
|
|
Start
Date |
27/07/1995 |
|
|
|
End Date |
Unknown
date |
|
|
|
Street |
7439 PB
KINSHASA |
|
|
|
Post
code |
|
||
|
Country |
Congo |
|
|
|
Position
|
Managing
Director |
|
|
|
Start
Date |
27/07/1995 |
|
|
|
End Date |
14/02/1997 |
|
|
|
Street |
7439 PB
KINSHASA |
|
|
|
Post
code |
|
|
|
|
Country |
Congo |
|
|
|
Position |
Director |
||
|
Start
Date |
27/07/1995 |
||
|
End Date |
Unknown
date |
||
|
Street |
7439 PB
KINSHASA |
||
|
Post
code |
|
||
|
Country |
Congo |
||
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.61.04 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.