|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
H.F. DIAMONDS BVBA |
|
|
|
|
Registered Office : |
Schupstraat 20, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.10.1997 |
|
|
|
|
Com. Reg. No.: |
461799974 |
|
|
|
|
Legal Form : |
One Person Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Other Machines and Tools. |
|
|
|
|
No of Employees : |
2 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 461799974
Company name H.F.DIAMONDSBVBA
Address SCHUPSTRAAT
20
2018 ANTWERPEN
Number of staff 2
Date of establishment 28/10/1997
Fax number 032332030
The business was established over 16
years ago.
The business has 1 employees.
The business has been at the address for
over 8 years.
Operating Result in the latest trading
period decreased 68% on the previous trading period.
Pre-tax profits increased by 48%
compared to the previous trading period.
The business saw a decrease in their
Cash Balance of 88% during the latest trading period.
Turnover in the latest trading period
increased 96% on the previous trading period.
ACCOUNTS
|
Date
of latest accounts |
Turnover |
Profit
Before Tax |
Net
worth |
Working
capital |
|
31/12/2012 |
77,268,203 |
205,478 |
878,146 |
866,621 |
|
31/12/2011 |
39,405,807 |
138,086 |
743,807 |
732,132 |
|
31/12/2010 |
27,454,460 |
49,808 |
628,505 |
617,839 |
ACCOUNTS
|
Date of latest accounts |
Balance
Total |
Number
of Employees |
Capital |
Cashflow |
|
31/12/2012 |
8,921,164 |
2 |
457,659 |
134,489 |
|
31/12/2011 |
8,358,382 |
2 |
457,659 |
115,452 |
|
31/12/2010 |
7,276,654 |
2 |
457,659 |
33,093 |
|
Payment expectations |
|||
|
Past payments |
|
Payment expectation days |
41.28 |
|
Industry average payment expectation days |
254.22 |
Industry average day sales outstanding |
301.98 |
|
Day sales outstanding |
56.95 |
|
|
|
Court data summary |
|||
|
BANKRUPTCY DETAILS |
|||
|
Court action type |
No |
|
|
|
PROTESTED BILLS |
|||
|
Bill amount |
- |
|
|
|
NSSO DETAILS |
|
|
|
|
Date of summons |
- |
|
|
|
Business
number |
461799974 |
Company
name |
H.F.DIAMONDS BVBA |
|
Fax
number |
032332030 |
Date
founded |
28/10/1997 |
|
Company
status |
active |
Company
type |
One Person Private Limited Company (BE) |
|
|
|
|
(BL/LX) |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2012 |
|
Activity
code |
46699 |
Liable
for VAT |
Yes |
|
Activity
description |
Wholesale of other
machines and tools, n.e.c. |
VAT
Number |
BE.0461.799.974Check |
|
Belgian
Bullettin of Acts Publications |
moniteur beige |
|
|
|
Social Balance Sheet |
Total |
|
|
During the reporting year |
|
|
|
ended 31-12-2012 |
|
|
|
Full-time Employees |
2 |
|
|
Part-time Employees |
1 |
|
|
Total Fte Employees |
3 |
|
|
|
||
|
Number of hours worked |
||
|
Full-time Employees |
2,978 |
|
|
Part-time Employees |
1,395 |
|
|
Total |
4,373 |
|
|
|
||
|
Personnel Charges |
|
|
|
Full-time Employees |
114,420 |
|
|
Part-time Employees |
32,519 |
|
|
Total |
146,939 |
|
|
Benefits In Addition To Wages 750 |
||
|
|
||
|
During the previous reporting year |
||
|
Average number employees in Fte |
3 |
|
|
Actual working hours |
4,755 |
|
|
Personnel Charges |
150,854 |
|
|
Benefits In Addition To Wages
750 |
||
Type of Contract Full-Time Part-Time Total Fte
Unlimited Duration
Contracts 2 1 3
GENDER AND EDUCATION
Level
Men Full-Time
Part-Time Total FTE
Higher Education
(Non University) 1 -- 1
Women Full-Time Part-Time Total FTE
Primary Education 1 -- 1
Working Category Full-Time Part-Time Total FTE
White Collar Worker 2 1 3
TOTAL OF FORMAL CONTINUING
VOCATIONAL TRAINING
Initiatives For Workers Paid by
the Employer Male Female
Number of employees 1 1
Number of training hours 8 8
Net costs for enterprise 159 100
PERSONNEL (NSSO
CLASSIFICATION)
Code --
Description From 1 To 4 Employees
JOINT INDUSTRIAL COMMITTEE (JIC)
JIC Code 218
Description Category Additional
national joint committee for the employees
SIGNIFICANT EVENTS
Event Date 01/10/2008
Event Description Re-appointment of
director(s)
Event Details Commentaar
01-10-2008: Herbenoeming van de niet statutaire zaakvoerder Ahmad Afif
Ahmad
PROFIT & LOSS
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry |
% |
|
|
|
|
|
|
|
average
2012 |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
77,268,203 |
96.08 |
39,405,807 |
43.53 |
27,454,460 |
8,541,161 |
804 |
|
Total
operating expenses |
77,028,897 |
99 |
38,655,217 |
42.61 |
27,105,019 |
8,319,411 |
825 |
|
Operating
result |
239,306 |
-68.12 |
750,590 |
114 |
349,441 |
146,566 |
63.28 |
|
Total
financial income |
1,622,205 |
-21.30 |
2,061,144 |
31.23 |
1,570,678 |
50,770 |
3095 |
|
Total
financial expenses |
1,656,033 |
-38.06 |
2,673,648 |
42.95 |
1,870,311 |
48,094 |
3343 |
|
Results on
ordinary operations before taxation |
205,478 |
48.80 |
138,086 |
177 |
49,808 |
146,860 |
39.91 |
|
Taxation |
71,139 |
200 |
23,693 |
36.81 |
17,318 |
53,877 |
32.04 |
|
Results on
ordinary operations after taxation |
134,339 |
17.44 |
114,393 |
252 |
32,490 |
102,646 |
30.88 |
|
Extraordinary
items |
0 |
-100 |
909 |
- |
0 |
-21,204 |
0 |
|
Other
appropriations |
0 |
- |
0 |
- |
0.00 |
- |
- |
|
Net
result |
134,339 |
16.51 |
115,302 |
254, |
32,490 |
81,649 |
64.53 |
|
OTHER INFORMATION |
|||||||
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
268,502 |
- |
|
Dividends |
- |
- |
- |
- |
- |
327,994 |
- |
|
Director
remuneration |
- |
- |
- |
- |
- |
140,075 |
- |
|
Employee
costs |
146,939 |
-2.60 |
150,854 |
-4.88 |
158,586 |
601,891 |
-75.59 |
|
Wages
and salary |
111,284 |
-0.15 |
111,453 |
3.75 |
107,425 |
438,027 |
-74.59 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
21,602 |
- |
|
Social
security contributions |
27,263 |
0.89 |
27,022 |
-14.68 |
31,673 |
134,062 |
-79.66 |
|
Other
employee costs |
8,392 |
-32.21 |
12,379 |
-36.48 |
19,488 |
30,729 |
-72.69 |
|
Amortization
and depreciation |
150 |
0 |
150 |
-75.11 |
603 |
69,705 |
-99 |
BALANCE SHEET
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average
2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
27,770 |
-100 |
|
Tangible
fixed assets |
449 |
-25.04 |
599 |
- |
- |
353,950 |
99 |
|
Land
& building |
- |
- |
- |
- |
- |
467,476 |
- |
|
Plant
& machinery |
- |
- |
- |
- |
0 |
71,470 |
- |
|
Furniture
& Vehicles |
449 |
-25.04 |
599 |
- |
- |
41,334 17,129 |
-98.91 |
|
Leasing &
Other Similar Rights |
- |
- |
- |
- |
- |
134,137 15,711 |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
15,021 |
-100 |
|
Financial
fixed assets |
11,076 |
0 |
11,076 |
3.84 |
10,666 |
1,260,597 |
-99 |
|
Total
fixed assets |
11,525 |
-1.28 |
11,675 |
-.46 |
10,666 |
1,197,723 |
-99 |
|
Inventories |
8,071,851 |
110 |
3,833,372 |
-27.17 |
5,263,581 |
648,982 |
1143 |
|
Raw materials
& consumables |
- |
- |
- |
- |
- |
501,767 |
- |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
46,584 |
-100 |
|
Finished
goods |
8,071,851 |
110 |
3,833,372 |
-27.17 |
5,263,5812 |
267,156 |
2921 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
149,276 |
-100 |
|
Trade
debtors |
292,473 |
-90.63 |
3,122,915 |
145 |
1,273,714 |
622,246 |
-53.00 |
|
Cash |
92,787 |
-88.32 |
794,372 |
190 |
273,915 |
331,726 |
-72.03 |
|
Other
Amounts Receivable |
452,528 |
-24.08 |
596,048 |
34.79 |
442,215 |
259,275 |
74.54 |
|
Miscellaneous
current assets |
0 |
- |
0 |
-100 |
12,564 |
63,283 |
-100 |
|
Total
current assets |
8,909,639 |
6.74 |
8,346,707 |
14.87 |
7,265,988 |
1,740,613 |
411 |
|
Total
Assets |
8,921,164 |
6.73 |
8,358,382 |
14.87 |
7,276,654 |
2,866,777 672,414 |
211 |
CURRENT LIABILITIES
|
Trade
creditors |
7,962,726 |
5.39 |
7,555,776 |
14.26 |
6,612,918 |
552,864 |
1340 |
||
|
Short
term group loans |
- |
- |
- |
- |
- |
- |
- |
||
|
Financial
debts |
- |
- |
- |
- |
- |
298,328 57,279 |
- |
||
|
Current
portion of long term debt |
- |
- |
- |
- |
- |
67,936 25,932 |
- |
||
|
Amounts
Payable for Taxes, Remuneration & Social Security |
80,292 |
39.86 |
57,410 |
62.95 |
35,232 |
29,698- |
-.29.68 |
||
|
Miscellaneous
current liabilities |
0 |
-100 |
1,389 |
- |
0 |
-100 |
- |
||
|
Total
current liabilities |
8,043,018 |
5.63 |
7,614,575 |
14.54 |
6,648,150 |
1,071,448 |
650 |
||
|
LONG TERM DEBTS
AND LIABILITIES |
|||||||||
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
||
|
Other
long term loans |
- |
- |
- |
- |
- |
- |
- |
||
|
Deffered
taxes |
- |
- |
- |
- |
- |
46,722 8,671 |
- |
||
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
26,638 0 |
-100 |
||
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
535,592 |
-100 |
||
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
760,909 |
-100 |
||
|
SHAREHOLDERS
EQUITY |
|||||||||
|
Issued
share capital |
457,659 |
0 |
457,659 |
0.00 |
457,659 |
419,561 |
9.08 |
||
|
Share
premium account |
- |
- |
- |
- |
- |
236,445 |
- |
||
|
Reserves |
420,487 |
46.95 |
286,148 |
67.49 |
170,846 |
563,375 |
-25.36 |
||
|
Revaluation
reserve |
- |
- |
- |
- |
- |
236,445 |
- |
||
|
Total
shareholders equity |
878,146 |
18.06 |
743,807 |
18.35 |
628,505 |
1,033,237 |
-15.01 |
||
|
Working
capital |
866,621 |
18.37 |
732,132 |
18.50 |
617,839 |
669,165 |
29.51 |
||
|
Cashflow |
134,489 |
16.49 |
115,452 |
248 |
33,093 |
145,193 |
-7.37 |
||
|
Net
worth |
878,146 |
18.06 |
743,807 |
18.35 |
628,505 |
1,004,800 |
-12.60 |
||
RATIO ANALYSIS
|
ANNUAL ACCOUNTS |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.27 |
-22.86 |
0.35 |
94.44 |
0.18 |
139,00 |
-99 |
|
|
Return on capital employed |
23.40 |
26.08 |
18.56 |
134 |
7.92 |
95,00 |
-75.37 |
|
|
Return on total
assets employed |
2.30 |
39.39 |
1.65 |
142 |
0.68 |
100,00 |
-97.70 |
|
|
Return on net assets employed |
23.40 |
26.08 |
18.56 |
134 |
7.92 |
107,00 |
-78.13 |
|
|
Sales /
net working capital |
89.16 |
65.66 |
53.82 |
21.11 |
44.44 |
5,00 |
-99 |
|
|
Stock
turnover ratio |
10.45 |
7.40 |
9.73 |
-49.24 |
19.17 |
22,00 |
-52.50 |
|
|
Debtor
days |
1.38 |
-95.23 |
28.93 |
70.88 |
16.93 |
130,70 |
-98.94 |
|
|
Creditor
days |
37.73 |
-47.12 |
71.35 |
19.88 |
89.05 |
77,61 |
-51.39 |
|
|
SHORT TERM
STABILITY |
|
|||||||
|
Current
ratio |
1.11 |
0.91 |
1.10 |
0.92 |
1.09 |
27,00 |
-77.80 |
|
|
Liquidity
ratio / acid ratio |
0.10 |
-83.05 |
0.59 |
96.67 |
0.30 |
26,00 |
-99 |
|
|
Current
debt ratio |
9.16 |
-10.55 |
10.24 |
-3.21 |
10.58 |
5,00 |
83.20 |
|
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
|
LONG TERM
STABILITY |
||||||||
|
Gearing |
- |
- |
- |
- |
- |
146,00 |
- |
|
|
Equity in
percentage |
9.84 |
10.56 |
8.90 |
3.01 |
8.64 |
-1,230,00 |
0.80 |
|
|
Total debt
ratio |
9.16 |
-10.55 |
10.24 |
-3.21 |
10.58 |
6,00 |
52.67 |
|
|
Industry
comparison |
||
|
Activity
code |
46699 |
|
|
Activity
description |
Wholesale of other machines
and tools, n.e.c. |
|
|
industry average credit rating |
64.08 |
|
|
Industry average
credit limit |
77746.36 |
|
|
Payment
expectations |
||
|
Payment
expectation days |
37.73 |
|
|
Day sales
outstanding |
1.38 |
|
|
Industry
comparison |
||
|
Activity
code |
46699 |
|
|
Activity
description |
Wholesale of other machines
and tools, n.e.c. |
|
|
Industry average payment expectation days |
77.61 |
|
|
Industry
average day sales outstanding |
130.70 |
|
|
INDUSTRY QUARTILE ANALYSIS |
|
|
Payment
expectations |
|
|
Company
result |
37.73 |
|
Lower |
103.16 |
|
Median |
73.14 |
|
Upper |
46.59 |
|
Day sales
outstanding |
|
|
Company
result |
1.38 |
|
Lower |
78.84 |
|
Median |
45.74 |
|
Upper |
23.31 |
GROUP
STRUCTURE
No group structure for this company.
MINORITY
SHAREHOLDERS
No minority shareholders found
MINORITY
INTERESTS
No minority interests found
BANKRUPTCY DETAILS
There is no bankruptcy data
against this company
COURT DATA
There is no data for this
company
Name AFIF AHMAD
Position Principal Manager
Start Date 02/01/2006
Street 27 BELGIËLEI
ANTWERPEN
Post code 2018
Country Belgium
Name KARIM RUSTOM
Position Principal Manager
Start Date 02/01/2006
Street 388 PRINS
BOUDEWIJNLAAN EDEGEM
Post code 2650
Country Belgium
Name SLEIMAN AHMAD
SLEIMAN
Position Principal Manager
Start Date 01/04/2014
Name ADAM AHMAD
Position Principal Manager
Start Date 01/10/2008
Name HUSSEIN NAIF
FACKIE
Position Principal Manager
Start Date 28/10/1997
Name AFIF AHMAD AFIF
Position Principal Manager
Start Date 02/01/2006
Name FAKIH HUSSEIN
Position Principal Manager
Start Date 28/10/1997
Street 730 VERDUN STREET
Post code 0
Name AHMAD AHMAD
Position Principal Manager
Start Date 01/10/2008
End Date Unknown date
Street 101 FRANKRIJKLEI
ANTWERPEN
Post code 2000
Country Belgium
Name ALI AHMAD AHMAD
Position Principal Manager
Start Date 01/10/2008
End Date 31/12/2010
Street 1 RUBENSLEI
ANTWERPEN
Post code 2018
Country Belgium
Position Non Statutory
Partner
Start Date 02/01/2006
End Date Unknown date
Street 1 RUBENSLEI
ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.97.25 |
|
Euro |
1 |
Rs.77.93 |
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.