|
Report No. : |
334823 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
EXELCO NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 62, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
08.03.1995 |
|
|
|
|
Com. Reg. No.: |
140177.31 |
|
|
|
|
Legal Form : |
Public Limited Liability |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of diamonds and
other precious stones |
|
|
|
|
No. of Employee : |
11 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Belgium |
A2 |
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 shifts in foreign demand, particularly in Belgium’s EU trade
partners. Roughly three-quarters of Belgium's trade is with other EU countries.
In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and
the the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL’s
center-right government has pledged to further reduce the deficit in response
to EU pressure to reduce Belgium’s high public debt, which remains above 100%
of GDP, but such efforts could also dampen economic growth. In addition to
restrained public spending, low wage growth and high unemployment promise to
curtail a more robust recovery in private consumption. The government has
pledged to pursue an reform program to improve Belgium’s competitiveness,
including changes to tax policy, labor market rules, and welfare benefits.
These changes risk worsening tensions with trade unions and triggering extended
strikes.
|
Source
: CIA |
EXELCO
NV
|
Business number |
454661071 |
|
Branche Unit Number |
2070837360 |
|
Company name |
EXELCO NV |
|
Address |
PELIKAANSTRAAT 62 |
|
|
2018 ANTWERPEN |
|
Number of staff |
11 |
|
Date of establishment |
08/03/1995 |
|
Telephone number |
032332452 |
|
Fax number |
032338841 |
|
Company name |
Company Number |
|
Exelco NV |
454661071 |
The business was established over 20
years ago. The business has 10 employees.
The business is part of a group.
This business has a foreign parent
business. The business has been at the
address for over 11 years. The business
has changed address 2 times in the
last year. Operating Result in the latest
trading period increased 95% on the
previous trading period. Net Worth increased
by 36% during the latest trading period.
A 117% growth in Total Assets
occurred during the latest trading period.
Turnover in the latest trading period
increased 78% on the previous trading
period.
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
195,035,025 |
273,737 |
5,125,572 |
20,726,064 |
|
31/12/2012 |
109,042,461 |
-22,740 |
3,753,962 |
10,643,611 |
|
31/12/2011 |
94,531,890 |
39,079 |
3,821,244 |
11,819,555 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
83,305,436 |
11 |
4,411,874 |
224,885 |
|
31/12/2012 |
38,231,909 |
10 |
3,343,759 |
42,143 |
|
31/12/2011 |
50,370,991 |
9 |
3,409,937 |
46,164 |
|
Past payments |
|
Payment expectation days |
64.25 |
|
Industry average payment |
126.61 |
Industry average day
sales |
184.47 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
84.71 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
|
|
|
|
NSSO DETAILS |
|
|
|
|
|
Date of summons |
- |
|
Business number |
454661071 |
Company name |
EXELCO NV |
|
Fax number |
032338841 |
Date founded |
08/03/1995 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and |
VAT Number |
BE.0454.661.071 Check VAT |
|
|
other precious stones |
number |
|
|
Belgian Bullettin of
Acts Publications |
moniteur belge |
|
|
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck off register |
|
|
Personnel (NSSO
classification) |
|
|
Code |
- |
|
Description |
- |
|
Joint Industrial Committee
(JIC) |
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee for
the employees |
|
category |
|
|
JIC Code |
324.02 |
|
Description |
JSC small merchandisers in the
diamant industry and trade |
|
category |
|
|
Significant Events |
|
|
Event Date |
26/06/2006 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 26-06-2006: De bestuurdersmandaten
van Kunstler Lior, van Tolkowsky
Jean-Paul en |
|
|
van Weitman Emmanuel worden verlengd
voor een periode van zes jaar. |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
2,383,095 |
126 |
1,051,880 |
784 |
118,877 |
-19.75 |
148,134 |
-6.35 |
158,183 |
|
Intangible fixed assets |
4,055 |
-33.58 |
6,105 |
-36.89 |
9,673 |
-25.14 |
12,921 |
551 |
1,985 |
|
Tangible fixed assets |
112,800 |
31.46 |
85,804 |
-11.31 |
96,741 |
-21.52 |
123,268 |
-14.78 |
144,654 |
|
Land & building |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Plant & machinery |
83,448 |
50.29 |
55,525 |
-3.83 |
57,736 |
28.64 |
44,881 |
-0.98 |
45,323 |
|
Furniture & Vehicles |
29,352 |
-3.06 |
30,280 |
-22.37 |
39,005 |
-50.24 |
78,387 |
-21.09 |
99,332 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
0 |
-1 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
2,266,240 |
136 |
959,971 |
7602 |
12,463 |
4.35 |
11,944 |
3.46 |
11,544 |
|
Total current assets |
80,922,341 |
117 |
37,180,029 |
-26.01 |
50,252,114 |
9.52 |
45,884,635 |
13.92 |
40,276,709 |
|
Inventories |
33,138,042 |
97.56 |
16,773,442 |
-14.54 |
19,628,034 |
13.77 |
17,252,436 |
29.13 |
13,360,934 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
33,138,042 |
97.56 |
16,773,442 |
-14.54 |
19,628,034 |
13.77 |
17,252,436 |
29.13 |
13,360,934 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
45,265,498 |
150 |
18,062,211 |
-36.97 |
28,658,539 |
5.70 |
27,113,762 |
6.01 |
25,576,835 |
|
Other amounts receivable |
1,344,097 |
42.40 |
943,864 |
7.47 |
878,251 |
1.99 |
861,125 |
17.71 |
731,556 |
|
Cash |
1,094,174 |
-10.64 |
1,224,484 |
1322 |
86,086 |
33.38 |
64,541 |
175 |
23,427 |
|
Miscellaneous current assets |
80,560 |
-54.23 |
176,029 |
401 |
35,079 |
11.46 |
31,471 |
-50.31 |
63,341 |
|
Total Assets |
83,305,436 |
117 |
38,231,909 |
-24.10 |
50,370,991 |
9.42 |
46,032,769 |
13.84 |
40,434,892 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
5,129,627 |
36.42 |
3,760,067 |
-1.85 |
3,830,917 |
3.43 |
3,703,960 |
8.45 |
3,415,512 |
|
Issued share capital |
4,411,874 |
31.94 |
3,343,759 |
-1.94 |
3,409,937 |
3.27 |
3,301,847 |
7.81 |
3,062,525 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
717,753 |
72.41 |
416,308 |
-1.11 |
420,980 |
4.69 |
402,113 |
13.92 |
352,987 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
78,175,809 |
126 |
34,471,842 |
-25.93 |
46,540,074 |
9.95 |
42,328,809 |
14.34 |
37,019,380 |
|
Other long term loans |
17,765,771 |
128 |
7,780,428 |
-4.03 |
8,107,515 |
6.83 |
7,589,240 |
61.80 |
4,690,570 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
213,761 |
37.91 |
154,996 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
17,979,532 |
126 |
7,935,424 |
-2.12 |
8,107,515 |
6.83 |
7,589,240 |
61.80 |
4,690,570 |
|
Current portion of long term debt |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
25,621,081 |
85.14 |
13,838,802 |
12.90 |
12,257,684 |
12.71 |
10,875,320 |
24.77 |
8,716,138 |
|
Trade creditors |
34,125,793 |
174 |
12,415,496 |
-52.19 |
25,967,213 |
9.30 |
23,757,175 |
0.95 |
23,533,463 |
|
Amounts Payable for Taxes, |
111,076 |
30.59 |
85,058 |
46.07 |
58,232 |
15.84 |
50,271 |
1.27 |
49,641 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
338,327 |
71.69 |
197,062 |
31.88 |
149,430 |
163 |
56,803 |
92.11 |
29,568 |
|
Total current liabilities |
60,196,277 |
126 |
26,536,418 |
-30.95 |
38,432,559 |
10.63 |
34,739,569 |
7.46 |
32,328,811 |
|
Total Liabilities |
83,305,436 |
117 |
38,231,909 |
-24.10 |
50,370,991 |
9.42 |
46,032,769 |
13.84 |
40,434,892 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.14 |
700 |
-0.02 |
-150 |
0.04 |
-50.0 |
0.08 |
-46.67 |
0.15 |
|
Return on capital employed |
1.18 |
621 |
-0.19 |
-157 |
0.33 |
-35.29 |
0.51 |
-61.65 |
1.33 |
|
Return on total assets employed |
0.33 |
550 |
-0.06 |
-175 |
0.08 |
-33.33 |
0.12 |
-55.56 |
0.27 |
|
Return on net assets employed |
5.34 |
890 |
-0.60 |
-158 |
1.02 |
-33.77 |
1.54 |
-51.27 |
3.16 |
|
Sales / net working capital |
9.41 |
-8.11 |
10.24 |
28.00 |
8.00 |
22.51 |
6.53 |
-26.13 |
8.84 |
|
Stock turnover ratio |
16.99 |
10.47 |
15.38 |
-25.92 |
20.76 |
-12.48 |
23.72 |
24.78 |
19.01 |
|
Creditor days |
64.25 |
53.74 |
41.79 |
-58.58 |
100.89 |
-16.06 |
120.19 |
-2.60 |
123.40 |
|
Debtor days |
84.71 |
40.11 |
60.46 |
-45.36 |
110.65 |
-18.69 |
136.08 |
2.45 |
132.83 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.34 |
-4.29 |
1.40 |
6.87 |
1.31 |
-0.76 |
1.32 |
5.60 |
1.25 |
|
Liquidity ratio / acid ratio |
0.79 |
2.60 |
0.77 |
-3.75 |
0.80 |
-2.44 |
0.82 |
-1.20 |
0.83 |
|
Current debt ratio |
11.74 |
66.29 |
7.06 |
-29.61 |
10.03 |
6.93 |
9.38 |
-0.95 |
9.47 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
224,885 |
433 |
42,143 |
-8.71 |
46,164 |
-35.01 |
71,028 |
-39.07 |
116,572 |
|
Net worth |
5,125,572 |
36.54 |
3,753,962 |
-1.76 |
3,821,244 |
3.53 |
3,691,039 |
8.13 |
3,413,528 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
845.81 |
47.11 |
574.97 |
8.16 |
531.60 |
6.64 |
498.51 |
27.00 |
392.52 |
|
Equity in percentage |
6.16 |
-37.40 |
9.84 |
29.30 |
7.61 |
-5.47 |
8.05 |
-4.73 |
8.45 |
|
Total debt ratio |
15.24 |
66.19 |
9.17 |
-24.53 |
12.15 |
6.30 |
11.43 |
5.44 |
10.84 |
|
Working capital |
20,726,064 |
94.73 |
10,643,611 |
-9.95 |
11,819,555 |
6.05 |
11,145,066 |
40.23 |
7,947,899 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
197,121,644 |
79.69 |
109,698,980 |
15.39 |
95,064,720 |
30.66 |
72,757,048 |
3.50 |
70,299,306 |
|
Turnover |
195,035,025 |
78.86 |
109,042,461 |
15.35 |
94,531,890 |
29.98 |
72,725,797 |
3.48 |
70,281,719 |
|
Total operating expenses |
193,852,387 |
78.77 |
108,437,010 |
15.43 |
93,945,085 |
30.22 |
72,144,256 |
3.64 |
69,608,749 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
195,939,006 |
79.61 |
109,093,529 |
15.47 |
94,477,915 |
30.90 |
72,175,507 |
3.66 |
69,626,336 |
|
Employee costs |
526,731 |
51.17 |
348,426 |
8.57 |
320,936 |
24.41 |
257,962 |
4.66 |
246,478 |
|
Wages and salary |
- |
- |
269,302 |
8.56 |
248,075 |
23.80 |
200,390 |
5.09 |
190,692 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
58,479 |
10.11 |
53,112 |
24.78 |
42,566 |
5.11 |
40,496 |
|
Other employee costs |
0 |
-100 |
20,646 |
4.55 |
19,748 |
31.61 |
15,005 |
-1.87 |
15,291 |
|
Director remuneration |
- |
- |
67,737 |
-38.05 |
109,348 |
22.61 |
89,184 |
-16.63 |
106,980 |
|
Amortization and depreciation |
56,423 |
46.00 |
38,645 |
-4.49 |
40,461 |
-18.24 |
49,486 |
-24.77 |
65,776 |
|
Operating result |
1,182,638 |
95.33 |
605,451 |
3.18 |
586,805 |
0.91 |
581,541 |
-13.59 |
672,970 |
|
Total financial income |
140,442 |
-10.70 |
157,264 |
28.85 |
122,049 |
-7.10 |
131,379 |
680 |
16,843 |
|
Total financial expenses |
1,049,343 |
33.60 |
785,455 |
17.27 |
669,775 |
2.14 |
655,717 |
12.67 |
581,982 |
|
Results on ordinary operations |
273,737 |
1203 |
-22,740 |
-158 |
39,079 |
-31.68 |
57,203 |
-46.95 |
107,832 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
5,314 |
-94.29 |
93,025 |
480 |
16,031 |
275 |
4,267 |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
17,551 |
911 |
1,735 |
-83.21 |
10,333 |
|
Extraordinary items |
5,314 |
-94.29 |
93,025 |
6120 |
-1,520 |
-160 |
2,532 |
24.50 |
-10,333 |
|
Results for the Year Before Taxation |
279,051 |
297 |
70,285 |
87.13 |
37,560 |
-37.12 |
59,735 |
-38.73 |
97,499 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
110,589 |
65.58 |
66,787 |
109 |
31,857 |
-16.59 |
38,193 |
-18.22 |
46,703 |
|
Results on ordinary operations |
163,148 |
182 |
-89,527 |
-1339 |
7,222 |
-62.01 |
19,010 |
-68.90 |
61,129 |
|
after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
168,462 |
4715 |
3,498 |
-38.66 |
5,703 |
-73.53 |
21,542 |
-57.59 |
50,796 |
|
Profit (Loss) for the Year to be appropiated |
168,462 |
4715 |
3,498 |
-38.66 |
5,703 |
-73.53 |
21,542 |
-57.59 |
50,796 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet Details |
|
|
|
|
Social
Balance Sheet |
|
Total |
|
|
During
the reporting year |
|
|
|
|
ended
31-12-2013 |
|
|
|
|
Full-time
Employees |
|
- |
|
|
Part-time
Employees |
|
- |
|
|
Total
Fte Employees |
|
- |
|
|
Number
of hours worked |
|
|
|
|
Full-time
Employees |
|
- |
|
|
Part-time
Employees |
|
- |
|
|
|
|
|
|
|
Total |
|
- |
|
|
Personnel
Charges |
|
|
|
|
Full-time
Employees |
|
- |
|
|
Part-time
Employees |
|
- |
|
|
Total |
|
- |
|
|
|
|
|
|
|
Benefits
In Addition To Wages |
|
- |
|
|
During
the previous reporting year |
|
|
|
|
Average
number employees in Fte |
|
- |
|
|
Actual
working hours |
|
- |
|
|
Personnel
Charges |
|
- |
|
|
Benefits
In Addition To Wages |
|
- |
|
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration |
- |
- |
- |
|
Contracts |
|
|
|
|
Limited
Duration Contracts |
- |
- |
- |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution
|
- |
- |
- |
|
|
|
|
|
|
Gender
and Education Level |
|
|
|
|
Men |
|
|
|
|
Primary
education |
|
|
|
|
Secondary
education |
|
|
|
|
Higher
education (non university) |
|
|
|
|
Higher
education (university) |
|
|
|
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
- |
- |
- |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
- |
- |
- |
|
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 |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of less
formal and informal continuing vocational |
|
|
|
training initiatives for
workers paid by the employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Total of initial
training initiatives at the expense of
the |
|
|
|
employer |
Male |
Female |
|
Number of employees |
- |
- |
|
Number of training hours |
- |
- |
|
Net costs for enterprise |
- |
- |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
industry average credit rating
|
64.48 |
|
Industry average credit
limit |
140177.31 |
Suspension of payments
/ moratorium history
|
Amount |
- |
|
Details |
- |
|
|
|
|
Payment expectations |
|
|
Payment expectation days |
64.25 |
|
Day sales outstanding |
84.71 |
|
|
|
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment |
126.61 |
|
expectation days |
|
|
Industry average day
sales |
184.47 |
|
outstanding |
|
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
64.25 |
|
Lower |
118.32 |
|
Median |
74.61 |
|
Upper |
45.68 |
|
Day sales outstanding |
|
|
Company result |
84.71 |
|
Lower |
102.33 |
|
Median |
54.07 |
|
Upper |
24.31 |
Summary
|
Group - Number of
Companies |
2 |
|
Linkages - Number
of Companies |
0 |
|
Number of Countries |
0 |
|
Company name |
Number |
Latest |
|
|
|
financials |
|
- EXELCO NV |
454661071 |
31-12-2013 |
|
- - EXELCO SOURCING BVBA |
893075337 |
31-12-2013 |
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Companies that match
this address
no Companies Match this address
Summary
|
Group - Number of
Companies |
2 |
|
Linkages - Number
of Companies |
0 |
|
Number of Countries |
0 |
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 |
EMMANUEL LANDAU |
|
Position |
Managing Director |
|
Start Date |
10/02/2015 |
|
Street |
6 CHARLOTTALEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
01/03/2012 |
|
Street |
6 CHARLOTTALEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
LIOR KUNSTLER |
|
Position |
Director |
|
Start Date |
15/06/2010 |
|
Street |
|
|
Post code |
|
|
Country |
Israël |
|
|
|
|
Name |
EXELCO INTERNATIONAL LTD SOC. ETRANGERE |
|
Position |
Director |
|
Start Date |
02/01/2009 |
|
Street |
|
|
Post code |
|
|
Country |
Mauritius |
|
|
|
|
Position |
Legal Representative |
|
Start Date |
02/02/2015 |
|
Street |
|
|
Post code |
|
|
Country |
Mauritius |
Former director details
|
Name |
JEAN-PAUL MEIJER TOLKOWSKY |
|
Position |
Managing Director |
|
Start Date |
16/12/2010 |
|
End Date |
01/03/2012 |
|
Street |
36 VAN PUTLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
GARY GUTFREUND |
|
Position |
Director |
|
Start Date |
23/11/2007 |
|
End Date |
Unknown date |
|
Street |
8 HOF TER SCHRIECKLAAN ANTWERPEN |
|
Post code |
2600 |
|
Country |
Belgium |
|
|
|
|
Name |
LIOR KUNSTLER |
|
Position |
Managing Director |
|
Start Date |
15/06/2010 |
|
End Date |
10/02/2015 |
|
Street |
|
|
Post code |
|
|
Country |
Israël |
|
|
|
|
Name |
EXELCO INTERNATIONAL LTD |
|
Position |
Director |
|
Start Date |
01/01/2009 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Position |
Legal Representative |
|
Start Date |
11/10/2013 |
|
End Date |
Unknown date |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
SONA PILLAY |
|
Position |
Legal Representative |
|
Start Date |
22/07/2010 |
|
End Date |
11/10/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
FAZAL CHAUDRI |
|
Position |
Legal Representative |
|
Start Date |
22/07/2010 |
|
End Date |
11/10/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
HENDRIK BARHOORN |
|
Position |
Legal Representative |
|
Start Date |
22/07/2010 |
|
End Date |
Unknown date |
DIAMOND INDUSTRY – INDIA
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.