|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMANT |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.10.2005 |
|
|
|
|
Com. Reg. No.: |
877096269 |
|
|
|
|
Legal Form : |
Private Limited Company (BL/LX) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE
OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 877096269
Company name DIAMANT KASAI BVBA
Address HOVENIERSSTRAAT 30
2018 ANTWERPEN
Number of staff 2
Date of establishment 14/10/2005
Telephone number
Fax number
The business was established over 8 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 34% on the
previous trading period.
A 66% decline in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 39% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 658% during the
latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2012 |
|
20,666 |
1 95,547 |
1 82,547 |
|
31/12/2011 |
20,188,737 |
33,962 |
179,825 |
166,984 |
|
31/12/2010 |
22,233,049 |
33,755 |
1 56,825 |
1 38,058 |
|
Accounts |
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
2,144,503 |
2 |
1 8,600 |
19,969 |
|
31/12/2011 |
6,484,674 |
2 |
1 8,600 |
29,250 |
|
31/12/2010 |
4,049,777 |
2 |
1 8.600 |
33,661 |
Past payments Payment
expectation days -
Industry average payment
expectation days 125.39 Industry average day sales outstanding 143.75
Business number 877096269
Company name DIAMANT KASAI BVBA
Fax number Date founded 14/10/2005
Company status active
Company type Private Limited
Company (BL/LX)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 46761
Liable for VAT yes
Activity description Wholesale of
diamonds and other precious stones
VAT Number BE.0877.096.269
Belgian Bullettin of Acts Publications moniteur belge
Social Balance Sheet Total
During the reporting year
ended 31-12-2012
Full-time Employees 1
Part-time Employees 2
Total Fte Employees 3
Number of hours worked
Full-time Employees 1,793
Part-time Employees 2,533
Total 4,326
Personnel Charges
Full-time Employees 39,430
Part-time Employees 57,206
Total 96,636
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 3
Actual working hours 4,456
Personnel Charges 83,655
Benefits In Addition To Wages –
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration Contracts |
1 |
2 |
3 |
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding
Substitution |
- |
- |
- |
|
■ |
Gender and Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
||
|
Primary education |
1 |
- |
1 |
||
|
Secondairy education |
- |
1 |
1 |
||
|
Higher
education (non university) |
- |
- |
- |
||
|
Higher
education (university) |
- |
- |
- |
||
|
Women |
Full-Time |
Part-Time |
Total Fte |
||
|
Primary education |
- |
- |
- |
||
|
Secondairy education |
- |
1 |
1 |
||
|
Higher
education (non university) |
- |
- |
- |
||
|
Higher
education (university) |
- |
- |
- |
||
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
||
|
White collar worker |
1 |
2 |
3 |
||
|
Blue collar worker |
- |
- |
- |
||
|
Other |
- |
- |
- |
||
|
|
|
|
|
||
|
_ |
|
|
|
|
|
|
|
Temporary personnel |
Total |
|
||
|
Average number of temporary staff |
- |
||||
|
Actual working hours |
- |
||||
|
Cost of temporary staff |
- |
||||
|
|
|
|
|
||
|
|
|
|
|
|
— |
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
- |
- |
- |
||
|
Leavers |
- |
- |
- |
||
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
Total of
formal continuing vocational training initiatives for workers paid by the
employer |
Male |
Female |
|
|
|
Numberof employees |
- |
- |
|||
|
Numberof training hours |
- |
- |
|||
|
Net costs for enterprise |
- |
- |
|||
|
Total of
less formal and informal continuing vocational training initiatives for
workers paid by the employer |
Male |
Female |
|||
|
Numberof employees |
- |
- |
|||
|
Numberof training hours |
- |
- |
|||
|
Net costs for enterprise |
- |
- |
|||
|
Total of
initial training initiatives at the expense of the employer |
Male |
Female |
|||
|
Numberof employees |
- |
- |
|||
|
Numberof training hours |
- |
- |
|||
|
Net costs for enterprise |
- |
- |
|||
|
|
|
|
|
||
Code -
Description -
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
Profit & loss
|
Annual
accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry
average 2012 |
% |
|
Weeks
Currency |
52 EUR |
|
52 EUR |
|
52 EUR |
|
|
|
Turnover |
- |
- |
20,188,737 |
-9.19 |
22,233,049 |
41,848,599 |
- |
|
Total
operating expenses |
- |
- |
20,145,787 |
-9.19 |
22,183,544 |
41,516,029 |
- |
|
Operating
result |
28,330 |
-34.04 |
42,950 |
-13.24 |
49,505 |
140,514 |
-79.84 |
|
Total
financial income |
4,666 |
20.28 |
3,880 |
16201 |
24 |
93,235 |
-95.00 |
|
Total
financial expenses |
12,331 |
-4.17 |
12,868 |
-18.42 |
15,774 |
192,570 |
-93.60 |
|
Results on ordinary operations before taxation |
20,666 |
-39.15 |
33,962 |
0.61 |
33,755 |
31,998 |
-35.41 |
|
Taxation |
4,944 |
-54.89 |
10,961 |
-10.65 |
12,268 |
21,488 |
-76.99 |
|
Results on
ordinary operations after taxation |
15,722 |
-31.65 |
23,001 |
7.05 |
21,486 |
16,906 |
-7.00 |
|
Extraordinary
items |
0 |
- |
0 |
-100 |
3,255 |
-5,108 |
0 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
15,722 |
-31.65 |
23,001 |
-7.03 |
24,741 |
11,832 |
32.88 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross
Operating Margin |
134,566 |
- |
- |
- |
- |
55,698 |
141 |
|
Dividends |
- |
- |
- |
- |
- |
160,835 |
- |
|
Director
remuneration |
- |
- |
40,735 |
- |
- |
99,668 |
- |
|
Employee
costs |
96,636 |
15.52 |
83,655 |
68.44 |
49,664 |
136,972 |
-29.45 |
|
Wages and salary |
82,908 |
15.24 |
71,943 |
65.43 |
43,488 |
118,376 |
-29.96 |
|
Employee pension costs |
- |
- |
- |
- |
- |
11,791 |
- |
|
Social security
contributions |
11,549 |
27.45 |
9,062 |
111 |
4,294 |
28,696 |
-59.75 |
|
Other employee costs |
2,179 |
-17.81 |
2,651 |
40.89 |
1,881 |
4,882 |
-55.37 |
|
Amortization and depreciation |
4,247 |
-32.04 |
6,249 |
-29.94 |
8,920 |
18,185 |
-76.65 |
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 |
1,139 |
-100 |
|
Tangible
fixed assets |
5,200 |
3.15 |
5,041 |
-54.03 |
10,967 |
195,063 |
-97.33 |
|
Land & building |
- |
- |
- |
- |
- |
384,024 |
- |
|
Plant & machinery |
4,354 |
506 |
718 |
-55.34 |
1,607 |
25,324 |
-82.81 |
|
Furniture & Vehicles |
846 |
-80.43 |
4,323 |
-53.81 |
9,359 |
17,489
5,105 |
-95.16 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
130,761 25,289 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
11,840 |
-100 |
|
Financial
fixed assets |
7,800 |
0 |
7,800 |
0 |
7,800 |
233,515 |
-96.66 |
|
Total
fixed assets |
13,000 |
1.24 |
12,841 |
-31.57 |
18,767 |
348,823 |
-96.27 |
|
Inventories |
309,231 |
-69.19 |
1,003,628 |
-23.94 |
1,319,594 |
2,891,889 |
-89.31 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
7,018,491 |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
2,489 |
-100 |
|
Finished goods |
0 |
-100 |
1,003,628 |
-23.94 |
1,319,594 |
1,909,035 |
-100 |
|
Other stocks |
309,231 |
- |
0 |
- |
0 |
452,947 |
-31.73 |
|
Trade
debtors |
361,965 |
-93.08 |
5,230,829 |
211 |
1,681,528 |
3,698,245 |
-90.21 |
|
Cash |
1,387,436 |
658 |
182,995 |
-81.43 |
985,682 |
209,729 |
561 |
|
other
amounts receivable |
69,808 |
30.09 |
53,660 |
23.34 |
43,505 |
219,015 |
-68.13 |
|
Miscellaneous
current assets |
3,062 |
324 |
721 |
2.89 |
701 |
16,421 |
-81.35 |
|
Total
current assets |
2,131,503 |
-67.06 |
6,471,833 |
60.55 |
4,031,011 |
6,556,083 |
-67.49 |
|
Total Assets |
2,144,503 |
-66.93 |
6,484,674 |
60.12 |
4,049,777 |
6,866,764
1,232,378 |
-68.77 |
CURRENT
LIABILITIES
|
Trade
creditors |
1,843,245 |
-70.38 |
6,222,158 |
62.50 |
3,829,042 |
2,894,736 |
-36.32 |
|
Short term
group loans |
- |
- |
- |
- |
- |
- |
- |
|
Financial
debts |
70,219 |
64.22 |
42,758 |
40.21 |
30,496 |
3,635,376 158,051 |
-98.07 |
|
Current
portion of long term debt |
- |
- |
- |
- |
- |
88,228
14,229 |
- |
|
Amounts Payable for Taxes, Remuneration & Social
Security |
28,602 |
-14.44 |
33,429 |
25.07 |
26,728 |
8,824 - |
-21.57 |
|
Miscellaneous
current liabilities |
6,891 |
5.94 |
6,504 |
-2.73 |
6,687 |
-97.41 |
- - |
|
Total
current liabilities |
1,948,956 |
-69.09 |
6,304,849 |
61.96 |
3,892,953 |
4,816,471 |
-59.54 |
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long
term loans |
- |
- |
- |
- |
- |
- |
- - |
|
Deffered
taxes |
- |
- |
- |
- |
- |
39,246
35,322 |
- |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
3,678 0 |
-100 |
|
Other long
term liabilities |
0 |
- |
0 |
- |
0 |
216,297 |
-100 |
|
Total long
term debts |
0 |
- |
0 |
- |
0 |
589,897 |
-100 |
|
SHAREHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Issued
share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
900,845 |
-97.94 |
|
Share
premium account |
- |
- |
- |
- |
- |
63,816 |
- |
|
Reserves |
176,947 |
9.75 |
161,225 |
16.64 |
138,225 |
530,866 |
-66.67 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
908,579 |
- |
|
Total
shareholders equity |
195,547 |
8.74 |
179,825 |
14.67 |
156,825 |
1,454,723 |
-86.56 |
|
Working
capital |
182,547 |
9.32 |
166,984 |
20.95 |
138,058 |
1,739,612 |
-89.51 |
|
Cashflow |
19,969 |
-31.73 |
29,250 |
-13.10 |
33,661 |
26,681 |
-25.16 |
|
Net worth |
195,547 |
8.74 |
179,825 |
14.67 |
156,825 |
1,452,059 |
-86.53 |
RATIO ANALYSIS
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|||||||
|
Profit Before Tax |
- |
- |
0.17 |
13.33 |
0.15 |
-9,00 |
- |
|
Return on capital employed |
10.57 |
-44.04 |
18.89 |
-12.22 |
21.52 |
38,00 |
-72.18 |
|
Return on total assets
employed |
0.96 |
84.62 |
0.52 |
-37.35 |
0.83 |
-289,00 |
0.33 |
|
Return on net assets
employed |
10.57 |
-44.04 |
18.89 |
-12.22 |
21.52 |
26,00 |
-59.35 |
|
Sales / net working capital |
- |
- |
120.90 |
-24.93 |
161.04 |
64,00 |
- |
|
Stock turnover ratio |
- |
- |
4.97 |
-16.33 |
5.94 |
87,00 |
- |
|
Debtor days |
- |
- |
94.57 |
242 |
27.61 |
143,75 |
- |
|
Creditor days |
- |
- |
112.73 |
78.94 |
63 |
125,39 |
- |
|
SHORT TERM STABILITY |
|||||||
|
Current ratio |
1.09 |
5.83 |
1.03 |
-0.96 |
1.04 |
8,00 |
-89.10 |
|
Liquidity ratio / acid ratio |
0.93 |
6.90 |
0.87 |
24.29 |
0.70 |
5,00 |
-81.40 |
|
Current debt ratio |
9.97 |
-71.56 |
35.06 |
41.26 |
24.82 |
10,00 |
-0.30 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|||||||
|
Gearing |
35.91 |
51.01 |
23.78 |
22.26 |
19.45 |
260,00 |
-86.19 |
|
Equity in percentage |
9.12 |
229 |
2.77 |
-28.42 |
3.87 |
-3.332,00 |
0.27 |
|
Total debt ratio |
9.97 |
-71.56 |
35.06 |
41.26 |
24.82 |
11,00 |
-9.36 |
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit rating 64.48
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment expectation days 125.39
Industry average day sales
Outstanding 143.75
Payment expectations
Company result -
Lower 125.63
Median 77.57
Upper 48.73
Company result -
Lower 105.23
Median 54.34
Upper 25.06
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Current director details
Name KABULA KABUALU
TSHIBANGU
Position Principal Manager
Start Date 03/08/2010
Street 4 BEGONIALAAN
HOEILAART
Post code 1560
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
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.