MIRA INFORM REPORT

 

 

Report No. :

336067

Report Date :

08.08.2015

 

IDENTIFICATION DETAILS

 

Name :

DIAPRIME BVBA

 

 

Registered Office :

Hoveniersstraat 53-Bus 24 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

11.03.2014

 

 

Com. Reg. No.:

547833135

 

 

Legal Form :

Private Limited Company

 

 

LINE OF BUSINESS :

WHOLESALE OF WATCHES AND JEWELLERY (MAINLY DIAMONDS)

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

 

NB

                                       New Business

-

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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

 

 

Company summary

 

Business number

547833135

Branche Unit Number

2227960336

Company name

DIAPRIME BVBA

Address

HOVENIERSSTRAAT 53-BUS 24

 

2018 ANTWERPEN

Date of establishment

11/03/2014

Telephone number

 

Fax number

 

 

 

Commentary

 

No employees are recorded for this business.

The business has been at the address for over 16 months.

 

 

Accounts

 

No key Financials Registered

 

 

Payment  expectations

 

Past payments

 

Payment expectation days

 

Industry average payment

325.03

Industry average day sales

503.07

expectation days

 

outstanding

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type                      no

 

PROTESTED BILLS

 

Bill amount                              -

 

NSSO DETAILS

 

Date of summons

 

Company  information

 

Business number

547833135

Company name

DIAPRIME BVBA

Fax number

 

Date founded

11/03/2014

Company status

active

Company type

Private Limited Company (BL/LX)

Currency

Euro (€)

Date of latest accounts

--

Activity code

46480

Liable for VAT

yes

Activity description

Wholesale of watches and jewellery (mainly diamonds)

VAT Number

 BE.0547.833.135 Check VAT number

Belgian Bullettin of Acts

 moniteur belge

 

 

 

 

Contractor  details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

 

 

Joint  Industrial  Committee  (JIC)

 

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 nietop 30/06/2015.

 

 

Company accounts

 

Annual accounts

 

there is no data for this company

 

 

Social BALANCE SHEET DETAILS

 

--

Industry  comparison

 

Activity  code

46480

Activity  description

Wholesale of watches and jewellery (mainly diamonds)

 

 

Payment Information

 

Suspension  of  payments  /  moratorium  history

 

Amount

--

Details

--

Payment  expectations

 

 

 

Payment  expectation  days

--

Day  sales  outstanding

--

 

 

Industry  comparison

 

Activity  code

46480

Activity  description

Wholesale of watches and jewellery (mainly diamonds)

industry  average  credit rating

325.03

Industry  average  credit  limit

503.07

 

 

Industry  Quartile  Analysis

 

Payment  expectations

 

Company  result

-

Lower

129.13

Median

62.32

Upper

18.49

 

 

Day  sales  outstanding

 

Company  result

-

Lower

120.17

Median

57.09

Upper

21.56

 

 

Shareholder  Details

 

Summary

 

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

 

 

Individual  Shareholders

 

SHAREHOLDER  NAME

 

Forename

Saunak

Middle name

-

Surname

Shah

 

 

SHAREHOLDER DETAILS

 

 

 

Start date

11/03/2014

End date

-

Percentage owned

25%

 

 

SHAREHOLDER ADDRESS

 

 

 

Street name

-

House number

-

Minor town

-

Postal town

-

Post code

-

Country

Israël

SHAREHOLDER NAME

 

 

 

Forename

Sanjay

Middle name

-

Surname

Shah

 

 

SHAREHOLDER DETAILS

 

 

 

Start date

11/03/2014

End date

-

Percentage owned

75%

 

 

SHAREHOLDER ADDRESS

 

 

 

Street name

-

House number

-

Minor town

-

Postal town

-

Post code

-

Country

India

 

 

Linked Companies

 

Summary

 

Group  -  Number  of  Companies

0

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

 

 

Director  details

 

Current  director  details

 

Name

 AMIT BHANSALI

Position

Principal Manager

Start Date

18/03/2014

Street

32 ARENDSNESTLAAN EDEGEM

Post code

2650

Country

Belgium

 

 

Name

 SAUNAK SANJAY SHAH

Position

Principal Manager

Start Date

01/01/2015

Street

 

Post code

 

Country

Israël

 

Former director details

 

Name

 SANJAY SURESH SHAH

Position

Principal Manager

Start Date

11/03/2014

End Date

17/03/2014

Street

 

Post code

 

Country

India


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.81

UK Pound

1

Rs.98.93

Euro

1

Rs.69.66

 

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%)

           

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.