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Report No. : |
316403 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DIAPRIME BVBA |
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Registered Office : |
Hoveniersstraat 53-Bus 24, 2018 Antwerpen |
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Country : |
Belgium |
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Date of Incorporation : |
11.03.2014 |
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Com. Reg. No.: |
547833135 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Watches and
Jewellery |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Relatively New Business |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Belgium |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 547833135
Branche Unit Number 2227960336
Company name DIAPRIME BVBA
Address HOVENIERSSTRAAT
53-BUS 24
2018 ANTWERPEN
Date of establishment 11/03/2014
No employees are recorded for this business.
The business has been at the address for over 12 months.
There has been no significant change in the business's credit limit.
No key financials registered
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Past
payments |
|
Payment
expectation days |
- |
|
Industry
average payment expectation days |
248.68 |
Industry average day sales
outstanding |
508.70 |
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Day
sales outstanding |
- |
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BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
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Business number |
547833135 |
Company name |
DIAPRIME
BVBA |
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Fax number |
|
Date founded |
11/03/2014 |
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Company
status |
active |
Company type |
Private
Limited Company (BL/LX) |
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Currency |
Euro (€) |
Date of
latest accounts |
- |
|
Activity code |
46480 |
Liable
for VAT |
yes |
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Activity
description |
Wholesale
of watches and jewellery |
VAT Number |
BE.0547.833.135
Check VAT number |
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Belgian
Bullettin of Acts |
moniteur
belge |
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Significant Events
Event Date 26/08/2014
Event Description
Event Details Rechtzetting
akte dd. 24 maart 2014 : Het eerste boekjaar wordt afgesloten op
31/12/2015 en niet op 30/06/2015.
Annual accounts
There is no data for this company
Activity code 46480
Activity description Wholesale
of watches and jewellery
Activity code 46480
Activity description Wholesale of
watches and jewellery
Industry average payment
expectation days 248.68
Industry average day sales
Outstanding 508.70
Payment expectations
Company result -
Lower 127.87
Median 63.24
Upper 19.75
Company result -
Lower 120.17
Median 55.15
Upper 20.56
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Individual Shareholders
|
Forename |
Saunak |
Middle
name |
- |
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Surname |
Shah |
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SHAREHOLDER
DETAILS |
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Start date |
11/03/2014 |
End date |
- |
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Percentage
owned |
25% |
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SHAREHOLDER
ADDRESS |
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Street
name |
- |
House
number |
- |
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Minor town |
- |
Postal
town |
- |
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Post code |
- |
Country |
Israël |
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SHAREHOLDER
NAME |
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Forename |
Sanjay |
Middle
name |
- |
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Surname |
Shah |
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SHAREHOLDER
DETAILS |
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Start date |
11/03/2014 |
End date |
- |
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Percentage
owned |
75% |
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Post code |
- |
Country |
India |
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 |
AMIT
BHANSALI |
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Position |
Principal
Manager |
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Start Date |
18/03/2014 |
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Street |
32
ARENDSNESTLAAN EDEGEM |
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Post code |
2650 |
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Country |
Belgium |
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Name |
SAUNAK
SANJAY SHAH |
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Position |
Principal
Manager |
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Start Date |
01/01/2015 |
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Country |
Israël |
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FORMER DIRECTOR DETAILS |
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|
Name |
SANJAY
SURESH SHAH |
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Position |
Principal
Manager |
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Start Date |
11/03/2014 |
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End Date |
17/03/2014 |
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Country |
India |
DIAMOND INDUSTRY – INDIA
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.62.36 |
|
|
1 |
Rs.91.60 |
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Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
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|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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|
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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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 |
-- |
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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.