|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRIYANKA GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
29.04.1997 |
|
|
|
|
Com. Reg. No.: |
460581041 |
|
|
|
|
Legal Form : |
Private Limited Company(BL/LX) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE
OF WATCHES AND JEWELLERY |
|
|
|
|
No. of Employees : |
Not Available |
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 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 460581041
Company name PRIYANKA
GEMS BVBA
Address HOVENIERSSTRAAT
30
2018
ANTWERPEN
Number of staff 0
Date of establishment 29/04/1997
Telephone number
Fax number 032133804
The business was established over 17 years ago.
The business has 1 employees.
The business has been at the address for over 2 years.
Net Worth increased by 46% during the latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
30/06/2013 |
18,332,012 |
30,209 |
2,269,039 |
2,154,196 |
|
30/06/2012 |
1 8,217,348 |
37,363 |
1,548,677 |
1,443,471 |
|
30/06/201 1 |
1 5,666,946 |
29,761 |
1,31 8,444 |
1,288,543 |
|
Accounts |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/06/2013 |
9,142,238 |
0 |
2,012,480 |
52,326 |
|
30/06/2012 |
8,185,846 |
0 |
1,309,006 |
79,202 |
|
30/06/201 1 |
9,027,984 |
0 |
1,140,251 |
30,315 |
|
Trends |
||||
Past payments
Payment expectation days 66.75
Industry average payment expectation days 274.88
Industry average day sales outstanding 337.18
Day sales outstanding 120.92
Business number 460581041
Company name PRIYANKA
GEMS BVBA
Fax number 032133804
Date founded 29/04/1997
Company status active
Company type Private
Limited Company(BL/LX)
Currency Euro
(€)
Date of latest accounts 30/06/2013
Activity code 46480
Liable for VAT yes
Activity description Wholesale
of watches and jewellery
VAT Number BE.0460.581.041
Check
VAT
number
Belgian Bullettin of Acts
Publications moniteur
belge
Social Balance Sheet Total
During the reporting year
ended 30-06-2013
Full-time Employees -
Part-time Employees 1
Total Fte Employees 0
Number of hours worked
Full-time Employees -
Part-time Employees 694
Total 694
Personnel Charges
Full-time Employees -
Part-time Employees 12,191
Total 12,191
Benefits In Addition To Wages 76
During the previous reporting year
Average number employees in Fte 0
Actual working hours 693
Personnel Charges 11,512
Benefits In Addition To Wages –
Code -
Description FROM 1
TO 4 EMPLOYEES
Joint Industrial Committee (JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
Significant Events
Event Date 26/01/2012
Event Description proposal
to change address filed
Event Details
|
Annual accounts |
30-06-2013 |
|
30-06-2012 |
% |
30-06-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
18,332,012 |
0.63 |
1 8,217,348 |
16.28 |
15,666,946 |
41,359,100 |
-55.68 |
|
Total operating expenses |
18,108,980 |
0.85 |
17,955,692 |
16.29 |
15,440,960 |
41,201,049 |
-56.05 |
|
Operating result |
223,032 |
-14.76 |
261,656 |
1 5.78 |
225,986 |
37,603 |
493 |
|
Total financial income |
305 |
643 |
41 |
-28.07 |
57 |
67,237 |
-99 |
|
Total financial expenses |
193,127 |
-13.91 |
224,334 |
14.29 |
196,281 |
133,864 |
44.27 |
|
Results on ordinary
operations before taxation |
30,209 |
-19.15 |
37,363 |
25.54 |
29,761 |
-36,866 |
81.94 |
|
Taxation |
2,971 |
31.63 |
2,257 |
43.48 |
1,573 |
78,423 |
-96.21 |
|
Results
on ordinary operations after taxation |
27,238 |
-22.41 |
35,106 |
24.54 |
28,188 |
-91,955 |
29.62 |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
166,532 |
-100 |
|
Other appropriations |
0 |
- |
0 |
-100 |
1 |
- |
- |
|
Net result |
27,238 |
-22.41 |
35,106 |
24.54 |
28,189 |
74,616 |
-63.50 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
54,342 |
- |
|
Dividends |
- |
- |
- |
- |
- |
198,417 |
- |
|
Director remuneration |
70,734 |
-3.62 |
73,388 |
0.00 |
73,386 |
118,208 |
-40.16 |
|
Employee costs |
12,191 |
1.32 |
12,032 |
17.97 |
10,199 |
193,717 |
-93.71 |
|
Wages
and salary |
10,426 |
1.91 |
10,231 |
11.35 |
9,188 |
148,027 |
-92.96 |
|
Employee
pension costa |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Social
security contributions |
1,490 |
-1.97 |
1,520 |
88.82 |
805 |
39.061 |
-69.19 |
|
Other
employee costs |
275 |
-2.14 |
281 |
36.41 |
206 |
6,233 |
-95.59 |
|
Amortization
and depreciation |
25,088 |
-43.11 |
44,096 |
1974 |
2,126 |
20,819 |
20.21 |
|
Annual accounts |
30-06-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
Industry average 2013 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
3,418 |
-100 |
|
Tangible fixed assets |
447,904 |
1.92 |
439,476 |
1442 |
28,484 |
177,580 |
152 |
|
Land & building |
384,565 |
-7.27 |
414,721 |
1520 |
25,598 |
335,013 |
14.79 |
|
Plant & machinery |
8,539 |
-25.04 |
11,392 |
- |
- |
20,175 |
-57.68 |
|
Furniture & Vehicles Leasing & Other Similar
Rights |
52,604 |
401 |
10,489 |
353 |
2,311 |
20,360 7,304 242,669 28,177 |
158 |
|
Other tangible assets |
2,196 |
-23.59 |
2,874 |
399 |
575 |
6,907 |
-68.21 |
|
Financial fixed assets |
609 |
-4.09 |
635 |
-55.19 |
1,417 |
428,314 |
-99 |
|
Total fixed assets |
448,512 |
1.91 |
440,111 |
1371 |
29,901 |
421,380 |
6.44 |
|
Inventories |
2,605,747 |
-20.17 |
3,264,006 |
-2.11 |
3,334,203 |
1,352,300 |
92.69 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
6,378,985 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
61 |
-100 |
|
Finished goods |
2,605,747 |
-20.17 |
3,264,006 |
-2.11 |
3,334,203 |
682,303 |
281 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
309,469 |
-100 |
|
Trade debtors |
6,072,986 |
35.96 |
4,466,889 |
-21.06 |
5,658,836 |
2,073,200 |
192 |
|
Cash |
11,211 |
7.40 |
10,439 |
129 |
4,548 |
145,587 |
-92.30 |
|
other amounts receivable |
3,570 |
-18.88 |
4,401 |
787 |
496 |
313,995 |
-98.86 |
|
Miscellaneous current assets |
212 |
- |
0 |
- |
0 |
57,168 |
-99 |
|
Total current assets |
8,693,726 |
12.24 |
7,745,735 |
-13.92 |
8,998,083 |
3,619,71 0 |
140 |
|
Total Assets |
9,142,238 |
11.68 |
8,185,846 |
-9.33 |
9,027,984 |
3,977,930 299,984 |
129 |
|
CURRENT LIABILITIES |
|||||||
|
Trade creditors |
3,311,710 |
84.48 |
1,795,192 |
-50.64 |
3,636,884 |
1,097,987 |
201 |
|
Short term group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
2,311,901 |
-47.07 |
4,367,805 |
9.64 |
3,983,778 |
3,065,049 26,414 |
-24.57 |
|
Current portion of long term debt |
35,443 |
18.83 |
29,827 |
- |
- |
119,536 16,846 |
-70.35 |
|
Amounts Payable for Taxes, Remuneration & Social Security |
10,753 |
23.40 |
8,714 |
16.79 |
7,461 |
9,351 - |
-87.82 |
|
Miscellaneous current liabilities |
869,723 |
763 |
100,726 |
23.72 |
81,417 |
243 |
- - |
|
Total current liabilities |
6,539,530 |
3.76 |
6,302,264 |
-18.25 |
7,709,540 |
2,460,944 |
165 |
|
LONG TERM DEBTS AND LIABILITIES |
|||||||
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term loans |
333,669 |
-0.37 |
334,905 |
- |
- |
-82.14 |
- - |
|
Deffered taxes |
- |
- |
- |
- |
- |
33,024 15,032 |
- |
|
Provisions for Liabilities & Charges |
0 |
-0 |
-0 |
17,864 0 |
-100 |
||
|
Other long term liabilities |
0 |
-0 |
-0 |
26,884 |
-100 |
||
|
Total long term debts |
333,669 |
-0.37 |
334,905 |
- |
0 |
705,746 |
-52.72 |
|
SHAREHOLDERS EQUITY |
|||||||
|
Issued share capital |
2,012,480 |
53.74 |
1,309,006 |
14.80 |
1,140,251 |
493,087 |
308 |
|
Share premium account |
- |
- |
- |
- |
- |
338,411 |
- |
|
Reserves |
256,559 |
7.05 |
239,671 |
34.50 |
178,193 |
304,591 |
-15.77 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
403,170 |
- |
|
Total shareholders equity |
2,269,039 |
46.51 |
1,548,677 |
17.46 |
1,318,444 |
811,240 |
179 |
|
Working capital |
2,154,196 |
49.24 |
1,443,471 |
12.02 |
1,288,543 |
1,158,766 |
85.90 |
|
Cashflow |
52,326 |
-33.93 |
79,202 |
161 |
30,315 |
91,104 |
-42.56 |
|
Net worth |
2,269,039 |
46.51 |
1,548,677 |
17.46 |
1,318,444 |
807,823 |
180 |
|
Annual accounts |
30-06-2013 |
change(%) |
30-06-2012 |
change(%) |
30-06-2011 |
Industry average 2013 |
% |
|
TRADING PERFORMANCE |
|||||||
|
Profit Before Tax |
0.16 |
-23.81 |
0.21 |
10.53 |
0.19 |
-13,00 |
1.23 |
|
Return on capital employed |
1.16 |
-41.41 |
1.98 |
-12.39 |
2.26 |
440,00 |
-99 |
|
Return on total assets
employed |
0.33 |
-28.26 |
0.46 |
39.39 |
0.33 |
1,00 |
-67.00 |
|
Return on net assets
employed |
1.33 |
-44.81 |
2.41 |
6.64 |
2.26 |
421,00 |
-99 |
|
Sales / net working capital |
8.51 |
-32.57 |
12.62 |
3.78 |
12.16 |
-53,00 |
-99 |
|
Stock turnover ratio |
14.21 |
-20.70 |
17.92 |
-15.79 |
21.28 |
53,00 |
-73.19 |
|
Debtor days |
120.92 |
35.11 |
89.50 |
-32.11 |
131.84 |
337,18 |
-64.14 |
|
Creditor days |
66.75 |
82.93 |
36.49 |
-57.55 |
85.97 |
274,88 |
-75.72 |
|
SHORT TERM STABILITY |
|||||||
|
Current ratio |
1.33 |
8.13 |
1.23 |
5.13 |
1.17 |
15,00 |
-98.75 |
|
Liquidity ratio / acid ratio |
0.93 |
30.99 |
0.71 |
-2.74 |
0.73 |
12,00 |
-92.25 |
|
Current debt ratio |
2.88 |
-29.24 |
4.07 |
-30.43 |
5.85 |
106,00 |
-97.28 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
118.16 |
-61.33 |
305.59 |
1.14 |
302.16 |
76,00 |
55.47 |
|
Equity in percentage |
24.82 |
31.18 |
18.92 |
29.59 |
14.60 |
-270,00 |
9.19 |
|
Total debt ratio |
3.03 |
-29.37 |
4.29 |
-26.67 |
5.85 |
106,00 |
-97.14 |
|
Activity code |
46480 |
|
Activity description |
Wholesale of watches and jewellery |
|
industry average credit rating |
61.07 |
|
Industry average credit limit |
7967.53 |
Payment expectation days 66.75
Day sales outstanding 120.92
Industry comparison
Activity code 46480
Activity description Wholesale
of watches and jewellery
Industry average payment
expectation days 274.88
Industry average day sales
Outstanding 337.18
Industry quartile analysis
Payment expectations
Company result 66.75
Lower 127.33
Median 63.15
Upper 19.75
Day sales outstanding
Company result 120.92
Lower 129.83
Median 56.14
Upper 23.16
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
Current director details
Name ROHITKUMAR
VALLABHBHAI JIVANI
Position Principal
Manager
Start Date 17/09/2008
Street 19
QUINTEN MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
Name DIPAK
BATUKBHAI JIVANI
Position Principal
Manager
Start Date 22/08/2002
Street 19
QUINTEN MATSIJSLEI ANTWERPEN
Post code 2018
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.