|
Report No. : |
336153 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABHIDIMON BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 144 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
09.01.1997 |
|
|
|
|
Com. Reg. No.: |
459870763 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious
stones |
|
|
|
|
No. of Employees : |
1 (31.12.2013) |
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 : |
No Complaints |
|
|
|
|
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 |
|
Business number |
459870763 |
|
Branche Unit Number |
2080401065 |
|
Company name |
ABHIDIMON BVBA |
|
Address |
HOVENIERSSTRAAT 30-BUS 144 |
|
|
2018 ANTWERPEN |
|
Number of staff |
1 |
|
Date of establishment |
09/01/1997 |
|
Telephone number |
032263989 |
|
Fax number |
032265356 |
The business was established over 18
years ago.
The business has 1 employees.
The business has been at the
address for over 11 years.
Operating Result in the latest
trading period decreased 43% on the
previous trading period.
Pre-tax profits decreased by 42%
compared to the previous trading period.
The business saw an increase in
their Cash Balance of 46% during the
latest trading period.
Turnover in the latest trading
period decreased 45% on the previous
trading period.
Accounts
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
16,578,212 |
52,951 |
6,176,189 |
5,555,706 |
|
31/12/2012 |
30,213,776 |
91,554 |
6,137,681 |
5,488,470 |
|
31/12/2011 |
42,963,632 |
130,496 |
6,068,823 |
5,380,808 |
Accounts
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
20,977,558 |
1 |
18,592 |
68,772 |
|
31/12/2012 |
21,507,591 |
1 |
18,592 |
112,258 |
|
31/12/2011 |
21,766,733 |
1 |
18,592 |
127,906 |
|
Past payments |
|
Payment expectation days |
53.13 |
|
Industry average payment |
106.29 |
Industry average day
sales |
173.24 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
267.08 |
|
|
Court data summary
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
459870763 |
Company name |
ABHIDIMON BVBA |
|
Fax number |
032265356 |
Date founded |
09/01/1997 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious
stones |
VAT Number |
BE.0459.870.763 Check VAT 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 category |
Additional national joint committee for
the employees |
|
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 |
620,484 |
-4.42 |
649,211 |
-5.64 |
688,015 |
2.17 |
673,422 |
-4.16 |
702,630 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
620,084 |
-4.43 |
648,811 |
-5.64 |
687,615 |
2.17 |
673,022 |
-4.16 |
702,230 |
|
Land & building |
588,795 |
-2.90 |
606,383 |
-4.63 |
635,800 |
-4.42 |
665,218 |
-4.23 |
694,635 |
|
Plant & machinery |
6,657 |
-6.15 |
7,094 |
86.49 |
3,804 |
-1.37 |
3,857 |
130 |
1,674 |
|
Furniture & Vehicles |
24,632 |
-30.29 |
35,334 |
-26.40 |
48,011 |
1116 |
3,947 |
-33.34 |
5,921 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
400 |
0 |
400 |
0 |
400 |
0 |
400 |
0 |
400 |
|
Total current assets |
20,357,075 |
-2.40 |
20,858,380 |
-1.05 |
21,078,718 |
-3.04 |
21,740,262 |
13.27 |
19,192,498 |
|
Inventories |
5,466,639 |
-0.51 |
5,494,682 |
-26.93 |
7,520,058 |
-2.28 |
7,695,702 |
1.81 |
7,558,591 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
5,466,639 |
-0.51 |
5,494,682 |
-26.93 |
7,520,058 |
-2.28 |
7,695,702 |
1.81 |
7,558,591 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
12,130,717 |
-14.71 |
14,222,315 |
12.29 |
12,665,440 |
-7.25 |
13,655,791 |
35.01 |
10,114,978 |
|
Other amounts receivable |
512,702 |
14651 |
3,476 |
-6.97 |
3,736 |
7.73 |
3,468 |
17.44 |
2,953 |
|
Cash |
1,661,033 |
46.62 |
1,132,878 |
28.27 |
883,208 |
129 |
385,301 |
-74.57 |
1,515,283 |
|
Miscellaneous current assets |
5,904 |
17.37 |
5,030 |
-19.86 |
6,277 |
- |
0 |
-100 |
693 |
|
Total Assets |
20,977,558 |
-2.46 |
21,507,591 |
-1.19 |
21,766,733 |
-2.89 |
22,413,684 |
12.66 |
19,895,128 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
6,176,189 |
0.63 |
6,137,681 |
1.13 |
6,068,823 |
1.47 |
5,981,086 |
0.94 |
5,925,657 |
|
Issued share capital |
18,592 |
0 |
18,592 |
0.00 |
18,592 |
0 |
18,592 |
0 |
18,592 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
6,157,597 |
0.63 |
6,119,089 |
1.14 |
6,050,231 |
1.47 |
5,962,494 |
0.94 |
5,907,065 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
14,801,369 |
-3.70 |
15,369,910 |
-2.09 |
15,697,910 |
-4.47 |
16,432,598 |
17.63 |
13,969,471 |
|
Other long term loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Current portion of long term debt |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Financial debts |
11,445,982 |
-1.70 |
11,643,465 |
14.43 |
10,174,756 |
-4.58 |
10,663,032 |
10.58 |
9,643,046 |
|
Trade creditors |
2,381,181 |
-12.16 |
2,710,683 |
-37.06 |
4,306,960 |
-6.12 |
4,587,612 |
48.31 |
3,093,253 |
|
Amounts Payable for Taxes, |
5,050 |
-53.40 |
10,838 |
-77.22 |
47,582 |
466 |
8,404 |
-56.66 |
19,390 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
969,156 |
-3.56 |
1,004,924 |
-14.01 |
1,168,612 |
-0.42 |
1,173,550 |
-3.31 |
1,213,782 |
|
Total current liabilities |
14,801,369 |
-3.70 |
15,369,910 |
-2.09 |
15,697,910 |
-4.47 |
16,432,598 |
17.63 |
13,969,471 |
|
Total Liabilities |
20,977,558 |
-2.46 |
21,507,591 |
-1.19 |
21,766,733 |
-2.89 |
22,413,684 |
12.66 |
19,895,128 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.32 |
6.67 |
0.30 |
0 |
0.30 |
0 |
0.30 |
25.00 |
0.24 |
|
Return on capital employed |
0.86 |
-42.28 |
1.49 |
-30.70 |
2.15 |
32.72 |
1.62 |
88.37 |
0.86 |
|
Return on total assets employed |
0.25 |
-41.86 |
0.43 |
-28.33 |
0.60 |
39.53 |
0.43 |
65.38 |
0.26 |
|
Return on net assets employed |
0.86 |
-42.28 |
1.49 |
-30.70 |
2.15 |
32.72 |
1.62 |
88.37 |
0.86 |
|
Sales / net working capital |
2.98 |
-45.82 |
5.50 |
-31.08 |
7.98 |
31.68 |
6.06 |
46.73 |
4.13 |
|
Stock turnover ratio |
32.97 |
81.25 |
18.19 |
3.94 |
17.50 |
-26.87 |
23.93 |
-31.73 |
35.05 |
|
Creditor days |
53.13 |
60.17 |
33.17 |
-9.94 |
36.83 |
-30.06 |
52.66 |
-0.45 |
52.90 |
|
Debtor days |
267.08 |
55.45 |
171.81 |
59.67 |
107.60 |
-30.58 |
154.99 |
-9.47 |
171.20 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.38 |
1.47 |
1.36 |
1.49 |
1.34 |
1.52 |
1.32 |
-3.65 |
1.37 |
|
Liquidity ratio / acid ratio |
1.01 |
1.00 |
1.00 |
16.28 |
0.86 |
1.18 |
0.85 |
2.41 |
0.83 |
|
Current debt ratio |
2.40 |
-4.00 |
2.50 |
-3.47 |
2.59 |
-5.82 |
2.75 |
16.53 |
2.36 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
68,772 |
-38.74 |
112,258 |
-12.23 |
127,906 |
45.19 |
88,098 |
20.04 |
73,391 |
|
Net worth |
6,176,189 |
0.63 |
6,137,681 |
1.13 |
6,068,823 |
1.47 |
5,981,086 |
0.94 |
5,925,657 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
185.32 |
-2.31 |
189.70 |
13.15 |
167.66 |
-5.96 |
178.28 |
9.56 |
162.73 |
|
Equity in percentage |
29.44 |
3.15 |
28.54 |
2.37 |
27.88 |
4.50 |
26.68 |
-10.41 |
29.78 |
|
Total debt ratio |
2.40 |
-4.00 |
2.50 |
-3.47 |
2.59 |
-5.82 |
2.75 |
16.53 |
2.36 |
|
Working capital |
5,555,706 |
1.23 |
5,488,470 |
2.00 |
5,380,808 |
1.38 |
5,307,664 |
1.62 |
5,223,027 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
16,604,012 |
-45.09 |
30,239,177 |
-29.64 |
42,976,417 |
33.58 |
32,173,106 |
49.14 |
21,572,795 |
|
Turnover |
16,578,212 |
-45.13 |
30,213,776 |
-29.68 |
42,963,632 |
33.59 |
32,159,672 |
49.13 |
21,565,495 |
|
Total operating expenses |
16,359,905 |
-45.15 |
29,825,752 |
-30.12 |
42,680,150 |
34.22 |
31,798,292 |
48.99 |
21,342,054 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
16,385,705 |
-45.11 |
29,851,153 |
-30.08 |
42,692,936 |
34.21 |
31,811,726 |
49.01 |
21,349,354 |
|
Employee costs |
38,634 |
2.97 |
37,520 |
6.01 |
35,394 |
5.63 |
33,507 |
-0.69 |
33,740 |
|
Wages and salary |
31,419 |
5.16 |
29,877 |
5.57 |
28,300 |
4.13 |
27,178 |
-0.22 |
27,239 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
6,620 |
-2.31 |
6,776 |
7.03 |
6,331 |
11.01 |
5,703 |
-2.45 |
5,846 |
|
Other employee costs |
596 |
-31.30 |
867 |
13.67 |
763 |
21.88 |
626 |
-4.43 |
655 |
|
Director remuneration |
- |
- |
148,800 |
0 |
148,800 |
0 |
148,800 |
0 |
148,800 |
|
Amortization and depreciation |
30,263 |
-30.27 |
43,400 |
8.04 |
40,169 |
22.96 |
32,669 |
-12.85 |
37,484 |
|
Operating result |
218,308 |
-43.74 |
388,024 |
36.88 |
283,482 |
-21.56 |
361,380 |
61.73 |
223,441 |
|
Total financial income |
32,622 |
2471268 |
1 |
-99 |
93,044 |
112001 |
83 |
-99 |
136,567 |
|
Total financial expenses |
197,978 |
-33.22 |
296,471 |
20.50 |
246,029 |
-7.03 |
264,646 |
-14.33 |
308,906 |
|
Results on ordinary operations |
52,951 |
-42.16 |
91,554 |
-29.84 |
130,496 |
34.79 |
96,817 |
89.46 |
51,102 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
9,000 |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
17,207 |
- |
- |
|
Extraordinary items |
0 |
-100 |
9,000 |
- |
0 |
0 |
-17,207 |
- |
0 |
|
Results for the Year Before |
52,951 |
-47.34 |
100,554 |
-22.94 |
130,496 |
63.92 |
79,610 |
55.79 |
51,102 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
14,443 |
-54.43 |
31,696 |
-25.87 |
42,759 |
76.83 |
24,181 |
59.14 |
15,195 |
|
Results on ordinary operations |
38,508 |
-35.67 |
59,858 |
-31.78 |
87,737 |
20.79 |
72,636 |
102 |
35,907 |
|
after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
38,508 |
-44.08 |
68,858 |
-21.52 |
87,737 |
58.29 |
55,429 |
54.37 |
35,907 |
|
Profit (Loss) for the Year to be |
38,508 |
-44.08 |
68,858 |
-21.52 |
87,737 |
58.29 |
55,429 |
54.37 |
35,907 |
|
Social Balance Sheet |
|
Total |
|
|
During the reporting
year |
|
|
|
|
ended 31-12-2013 |
|
|
|
|
Full-time Employees |
|
1 |
|
|
Part-time Employees |
|
- |
|
|
Total Fte Employees |
|
1 |
|
|
|
|
|
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
|
1,756 |
|
|
Part-time Employees |
|
- |
|
|
Total |
|
1,756 |
|
|
|
|
|
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
38,352 |
|
|
Part-time Employees |
|
- |
|
|
Total |
|
38,352 |
|
|
|
|
|
|
|
Benefits In Addition
To Wages |
|
- |
|
|
During the previous
reporting year |
|
|
|
|
Average number employees
in Fte |
|
1 |
|
|
Actual working hours |
|
1,740 |
|
|
Personnel Charges |
|
37,520 |
|
|
|
|
|
|
|
Benefits In Addition
To Wages |
|
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
1 |
- |
1 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific
Work |
- |
- |
- |
|
Contracts Regarding |
- |
- |
- |
|
Substitution |
|
|
|
|
|
|
|
|
|
Gender and Education |
|
|
|
|
Level |
|
|
|
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
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 |
- |
1 |
|
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 |
- |
- |
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Suspension of payments
/ moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
|
|
|
Payment expectations |
|
|
Payment expectation days |
53.13 |
|
Day sales outstanding |
267.08 |
|
|
|
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment
expectation days |
106.29 |
|
Industry average day
sales outstanding |
173.24 |
Payment expectations
|
Company result |
53.13 |
|
Lower |
118.32 |
|
Median |
76.07 |
|
Upper |
45.73 |
Day sales outstanding
|
Company result |
267.08 |
|
Lower |
102.58 |
|
Median |
55.56 |
|
Upper |
25.25 |
Summary
|
Group - Number of
Companies |
0 |
|
Linkages - Number of
Companies |
0 |
|
Number of Countries |
0 |
No group structure for this company.
No minority shareholders found
No minority interests found
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Jayesh |
Middle name |
- |
|
Surname |
Jhaveri |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
25/07/2015(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
Hong Kong |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Jayesh |
Middle name |
- |
|
Surname |
Jhaveri |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
25/07/2015(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
Hong Kong |
Summary
|
Group - Number of
Companies |
0 |
|
Linkages - Number
of Companies |
0 |
|
Number of Countries |
0 |
There is no data for this company
There is no data for this company
There is no data for this company
Current director details
|
Name |
JAYESH MEHTA |
|
Position |
Principal Manager |
|
Start Date |
09/09/2010 |
|
Street |
143 BELGIËLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
ATULKUMAR RAJNIKANT MEHTA |
|
Position |
Principal Manager |
|
Start Date |
09/09/2010 |
|
Street |
40 ANGELUS RONCALLILAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
Former director details
-
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.63.81 |
|
UK Pound |
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.