|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATISH DIAMOND BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.12.1983 |
|
|
|
|
Com. Reg. No.: |
425026581 |
|
|
|
|
Legal Form : |
Private Limited 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 : |
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 425026581
Company name ATISH DIAMOND BVBA
Address HOVENIERSSTRAAT 2
2018 ANTWERPEN
Number of staff 0
Date of establishment 21/12/1983
Telephone number 0485452278
Fax number 032252530
COMMENTARY
The business was established over 31 years ago.
The business has 1 employees.
The business has been at the address for over 18 years.
The business saw an increase in their Cash Balance of 33% during the
latest trading period.
Turnover in the latest trading period decreased 25% on the previous
trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31.12.2013 |
16,496,069 |
30,396 |
2,667,748 |
3,213,697 |
|
31.12.2012 |
22,040,012 |
34,233 |
2,641,989 |
3,242,700 |
|
31.12.2011 |
22,660,754 |
36,366 |
2,614,296 |
3,227,802 |
|
|
|
|
|
|
|
Accounts DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES
CAPITAL |
CAPITAL |
CASHFLOW |
|
31.12.2013 |
10,579,834 |
0 |
2,268,755 |
50,843, |
|
31.12.2012 |
11,943,271 |
0 |
2,268,755 |
57,832 |
|
31.12.2011 |
11,515,933 |
0 |
2,268,755 |
64,324 |
|
Payment expectations |
|||
|
Past payments |
|
Payment expectation days |
23.15 |
|
Industry average payment
expectation days |
124.55 |
Industry average day sales
outstanding |
142.27 |
|
Day sales outstanding |
73.03 |
|
|
|
Court data summary |
|||
|
BANKRUPTCY DETAILS |
|||
|
Court action type |
No |
|
|
|
PROTESTED BILLS |
|||
|
Bill amount |
- |
|
|
|
NSSO DETAILS |
|
|
|
|
Date of summons |
28/02/2005 |
|
|
|
Business number |
425026581 |
Company name |
ATISH DIAMOND BVBA |
|
Fax number |
032252530 |
Date founded |
21/12/1983 |
|
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.0425.026.581
Check VAT number |
|
Belgian Bullettin of Acts |
moniteur beige |
|
|
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 0
Part-time Employees 1
Total Fte Employees 1
Number of hours worked
Full-time Employees 551
Part-time Employees 1,378
Total 1,929
Personnel Charges
Full-time Employees 6,204
Part-time Employees 15,516
Total 21,720
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 0
Actual working hours 1,512
Personnel Charges 11,241
Benefits In Addition To Wages
–
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration
Contracts - 1 1
Gender and Education Level
Men Full-Time
Part-Time Total Fte
Primary education - - -
Secondary
education - 1 1
Working Category Full-Time
Part-Time Total Fte
White collar
worker - 1
1
New staff and leavers Full-Time
Part-Time Total Fte
New Starters 1 - 1
Leavers 1 – 1
Joint Industrial Committee (JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
JIC Code 324
Description Joint committee
for the industry and the trade in diamant
category
Significant Events
Event Date 30/09/2008
Event Description
Event Details Uitbreiding doel.
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 |
16,496,069 |
-25.15 |
22,040,012 |
-2.74 |
22,660,754 |
58,816,045 |
-71.95 |
|
Total operating
expenses |
16,311,262 |
-25.25 |
21,821,241 |
-2.75 |
22,438,709 |
58,328,802 |
-72.04 |
|
Operating result |
184,806 |
-15.53 |
218,771 |
-1.47 |
222,045 |
156,100 |
18.39 |
|
Total financial
income |
522 |
-31.531 |
762 |
2704 |
27 |
63,398 |
-99 |
|
Total financial
expenses |
154,932 |
-16.39 |
185,0300 |
-0.22 |
185,707 |
177,003 |
-12.47 |
|
Results on
ordinary operations before taxation |
30,396 |
-11.21 |
34,233 |
-5.86 |
36,366 |
42,653 |
-28.74 |
|
Taxation |
6,067 |
-32.89 |
9,040 |
76.55 |
5,120 |
22,378 |
-72.89 |
|
Results on
ordinary operations after taxation |
24,329 |
-3.43 |
25,193 |
-19.37 |
31,245 |
26,429 |
-7.95 |
|
Extraordinary
items |
1,431 |
-42.77 |
2,500 |
143 |
1,026 |
5,585 |
-74.38 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
25,759 |
-6.98 |
27,693 |
-14.19 |
32,271 |
32,159 |
-19.90 |
|
OTHER
INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating
Margin |
- |
- |
- |
- |
- |
34,457 |
- |
|
Dividends |
- |
- |
- |
- |
- |
208,119 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
121,590 |
- |
|
Employee costs |
21,720 |
93.22 |
11,241 |
13154 |
85 |
145,312 |
-85.05 |
|
Wages and salary |
20,690 |
97.74 |
10,463 |
- |
- |
113,529 |
-81.78 |
|
Employee pension
costs |
- |
- |
- |
- |
- |
23,129 |
- |
|
Social security
contributions |
536 |
509 |
88 |
- |
- |
27,799 |
-98.07 |
|
Other employee
costs |
494 |
28.4-1 |
690 |
713 |
85 |
3,751 |
-86.83 |
|
Amortization and
depreciation |
25,084 |
-16.77 |
30,139 |
-5.97 |
32,053 |
17,940 |
39.82 |
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 |
1,380 |
-100 |
|
Tangible fixed assets |
297,859 |
-0.87 |
300,462 |
-8.68 |
329,035 |
192,410 |
54.80 |
|
Land & building |
271,098 |
13.34 |
239,180 |
-1.46 |
242,735 |
384,802 |
-29.55 |
|
Plant & machinery |
19,009 |
-68.24 |
59,849 |
-24.38 |
79,146 |
27,043 |
-29.71 |
|
Furniture & Vehicles |
7,753 |
441 |
1,432 |
-79.98 |
7,155 |
15,324 4,382 |
-49.41 |
|
Leasing
& Other Similar Rights |
- |
- |
- |
- |
- |
39,639 19,911 |
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
9,782 |
-100 |
|
Financial fixed assets |
1,166 |
0 |
1,166 |
0 |
1,166 |
222,036 |
-99 |
|
Total fixed assets |
299,025 |
-0.86 |
301,627 |
-8.65 |
330,201 |
329,472 |
-9.24 |
|
Inventories |
5,882,875 |
-4.03 |
6,129,684 |
18.79 |
5,160,034 |
3,051,600 |
92.78 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
7,018,384 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
1,239 |
-100 |
|
Finished goods |
5,882,875 |
-4.03 |
6,129,684 |
18.79 |
5,160,034 |
2,047,120 |
187 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
442,049 |
-100 |
|
Trade debtors |
3,300,517 |
-29.62 |
4,689,290 |
-21.07 |
5,941,397 |
4,121,462 |
-19.92 |
|
Cash |
1,087,653 |
33.18 |
816,677 |
938 |
78,671 |
504,165,239 |
-99 |
|
other amounts receivable |
8,443 |
87.09 |
4,513 |
11.81 |
4,036 |
223,188 |
-96.22 |
|
Miscellaneous current assets |
1,322 |
-10.72 |
1,480 |
-7.14 |
1,594 |
-495,635,177 |
0.00 |
|
Total current assets |
10,280,809 |
-11.69 |
11,641,644 |
4.08 |
11,185,732 |
7,112,216 |
44.55 |
|
Total Assets |
10,579,834 |
-11.42 |
11,943,271 |
3.71 |
11,515,933 |
7,405,092 1,234,562 |
42.87 |
CURRENT LIABILITIES
|
Trade creditors |
1,034,517 |
-74.40 |
4,041,582 |
-11.17 |
4,549,736 |
2,977,986 |
-65.26 |
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
5,392,598 |
28.10 |
4,209,803 |
28.79 |
3,268,687 |
4,295,961 121,774 |
25.53 |
|
Current portion of long term debt |
28,000 |
0 |
28,000 |
0 |
28,000 |
79,445
13,785 |
-64.76 |
|
Amounts Payable for Taxes, Remuneration & Social
Security |
9,013 |
-66.30 |
26,745 |
118 |
12,239 |
7,950
- |
-70.09 |
|
Miscellaneous current liabilities |
602,985 |
549 |
92,814 |
-6.50 |
99,267 |
150 |
-- |
|
Total current liabilities |
7,067,112 |
-15.86 |
8,398,944 |
5.54 |
7,957,930 |
5,073,796 |
39.29 |
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
Other long term loans |
196,000 |
-12.50 |
224,000 |
-11.11 |
252,000 |
-82.08 |
-- |
|
Deffered taxes |
- |
- |
- |
- |
- |
49,453
32,109 |
- |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
4,692
0 |
-100 |
|
Other long term liabilities |
648,974 |
-4.33 |
678,339 |
-1.93 |
691,707 |
229,158 |
183 |
|
Total long term debts |
844,974 |
-6.36 |
902,339 |
-4.38 |
943,707 |
635,558 |
32.95 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued share capital |
2,268,755 |
0 |
2,268,755 |
0 |
2,268,755 |
985,766 |
130 |
|
Share premium account |
- |
- |
- |
- |
- |
72,018 |
- |
|
Reserves |
398,993 |
6.90 |
373,233 |
8.01 |
345,540 |
681,327 |
-41.44 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
899,530 |
- |
|
Total shareholders equity |
2,667,748 |
0.97 |
2,641,989 |
1.06 |
2,614,296 |
1,688,741 |
57.97 |
|
Working capital |
3,213,697 |
-0.89 |
3,242,700 |
0.46 |
3,227,802 |
2,038,420 |
57.66 |
|
Cashflow |
50,843 |
-12.08 |
57,832 |
-10.09 |
64,324 |
46,663 |
8.96 |
|
Net worth |
2,667,748 |
0.97 |
2,641,989 |
1.06 |
2,614,296 |
1,687,361 |
58.10 |
RATIO ANALYSIS
|
Annual
accounts |
31-12-2013 |
change(%) |
31-12-2012 |
change(%) |
31-12-2011 |
Industry
average 2013 |
% |
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.18 |
12.50 |
0.16 |
0 |
0.16 |
-8,00 |
2.25 |
|
Return
on capital employed |
0.87 |
-10.31 |
0.97 |
-4.90 |
1.02 |
-8,00 |
10.88 |
|
Return
on total assets employed |
0.29 |
0 |
0.29 |
-9.38 |
0.32 |
-5,00 |
5.80 |
|
Return
on net assets employed |
1.14 |
-12.31 |
1.30 |
-6.47 |
1.39 |
-9,00 |
12.67 |
|
Sales / net working capital |
5.13 |
-24.56 |
6.80 |
-3.13 |
7.02 |
150,00 |
-99 |
|
Stock turnover ratio |
35.66 |
28.23 |
27.81 |
22.13 |
22.77 |
80,00 |
-55.42 |
|
Debtor days |
73.03 |
-5.96 |
77.66 |
-18.85 |
95.70 |
142,27 |
-48.67 |
|
Creditor days |
23.15 |
-65.75 |
67.60 |
-8.66 |
74.01 |
124,55 |
-81.41 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
Current ratio |
1.45 |
4.32 |
1.39 |
-1.42 |
1.41 |
4,00 |
-85.50 |
|
Liquidity ratio / acid ratio |
0.62 |
-6.06 |
0.66 |
-13.16 |
0.76 |
3,00 |
-79.33 |
|
Current debt ratio |
2.65 |
-16.67 |
3.18 |
4.61 |
3.04 |
10,00 |
-73.50 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
210.54 |
24.67 |
168.88 |
24.41 |
135.74 |
235,00 |
-10.41 |
|
Equity in percentage |
25.22 |
14.01 |
22.12 |
-2.56 |
22.70 |
-230,00 |
10.97 |
|
Total debt ratio |
2.97 |
-15.62 |
3.52 |
3.53 |
3.40 |
11,00 |
-73.00 |
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 EXPECTATIONS
Payment expectation days 23.15
Day sales outstanding 73.03
INDUSTRY COMPARISON
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment
expectation days 124.55
Industry average day sales
Outstanding 142.27
Payment expectations
Company result 23.15
Lower 123.59
Median 76.80
Upper 48.13
Company result 73.03
Lower 102.84
Median 54.07
Upper 24.84
Group Structure
No group structure for this
company.
Minority Shareholders
No minority shareholders
found
Minority Interests
No minority interests found
BANKRUPTCY DATA
COURT DATA
There is no data for this company
CURRENT DIRECTOR DETAILS
Name HARESH NAGINDAS
MEHTA
Position Principal Manager
Start Date 08/11/2007
Street 24 GOUDENREGENLAAN
ANTWERPEN
Post code 2610
Country Belgium
FORMER DIRECTOR DETAILS
Name HARESH NAGINDAS
MEHTA
Position Director
Start Date 08/11/2007
End Date Unknown date
Street 24 GOUDENREGENLAAN
ANTWERPEN
Post code 2610
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.