MIRA INFORM REPORT
|
Report No. : |
338466 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KARP IMPEX NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 120, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
22.06.1988 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employee : |
3 |
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 |
Company summary
|
Business number |
|
|
434647003 |
|
|||
|
Branche Unit
Number |
2039128654 |
|
|||||
|
Company name |
|
|
KARP IMPEX
NV |
||||
|
Address |
|
|
HOVENIERSSTRAAT 30-BUS
120 |
||||
|
|
|
|
|
2018 ANTWERPEN |
|||
|
Number of
staff |
|
|
3 |
|
|
|
|
|
Date of
establishment |
22/06/1988 |
|
|||||
|
Telephone number |
032265820 |
|
|||||
|
Fax number |
|
|
032333668 |
|
|||
Commentary
The business was established over 27 years ago.
The business has 3 employees
The business has been at the address for over 14 years.
Operating Result in the latest trading period increased 45% on the previous trading period.
Pre-tax profits increased by 62% compared to the previous trading period
The business saw an increase in their Cash Balance of 1302% during the latest trading period
Accounts
|
DATE OF
LATEST ACCOUNTSTURNOVER |
PROFIT BEFORE |
TAXNET WORTH |
WORKING CAPITAL |
|
||||
|
31/12/2014 |
|
188,546,279321,035 |
8,336,29217,567,479 |
|
||||
|
31/12/2013 |
|
167,202,8597,103 |
7,108,50215,219,108 |
|
||||
|
31/12/2012 |
|
141,686,980189,153 |
4,998,91213,499,372 |
|
||||
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
DATE OF
LATEST ACCOUNTSBALANCE TOTALNUMBER OF
EMPLOYEESCAPITAL |
CASHFLOW |
|
||||||
|
31/12/2014 |
|
58,275,9883 |
|
|
7,000,600305,665 |
|
||
|
31/12/2013 |
|
50,343,034 |
|
|
6,163,350184,690 |
|
||
|
31/12/2012 |
|
53,981,406 |
|
|
4,168,450226,588 |
|
||
|
|
|
|
|
|
|
|
|
|
|
Payment expectations |
|
|
|
|
|
|
||
|
Past payments |
|
|
|
Payment expectation11.70 days |
|
|||
|
Industry average |
106payment.77 |
|
Industry average |
171day.43
sales |
|
|||
|
expectation days |
|
|
outstanding |
|
|
|
||
|
Day sales outstanding105 |
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Payment expectations
Past payments
Industry average payment 106.77
expectation days
Day sales outstanding 105
Payment expectation days 11.70
Industry
average day sales 171.43
outstanding
Court data summary
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
Company information
|
Business number |
434647003 |
Company name |
KARPIMPEX NV |
|
|
Fax number |
032333668 |
Date founded |
22/06/1988 |
|
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
|
Activity code |
46761 |
Liable for VAT |
yes |
|
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
number |
|
|
Belgian Bullettin of Acts Publications |
|
|
|
Contractor details
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 |
|
||
|
Significant Events |
|||
|
Event Date |
14/03/2015 |
|
|
|
Event Description |
re-appointment of
director(s) |
|
|
|
Event Details |
Commentaar14-03-2015: Worden
herbenoemd als bestuu |
|
|
|
|
Pankajbhai (tevens
als gedelegeerd bestuurder) |
|
|
Company
accounts
ASSETS
|
Annual
accounts |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
|
|
|
|
|
|
|
|
|
|
|
Total
fixed assets |
182,063 |
2.95 |
176,848 |
9.25 |
161,878 |
-27.26 |
222,536 |
-19.57 |
276,667 |
|
|
|||||||||
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Tangible
fixed assets |
182,063 |
2.95 |
176,848 |
12.73 |
156,878 |
-27.70 |
216,969 |
-20.02 |
271,276 |
|
Land
& building |
148,221 |
7.89 |
137,377 |
-9.11 |
151,153 |
-18.03 |
184,393 |
-11.92 |
209,355 |
|
Plant
& machinery |
32,895 |
-12.89 |
37,764 |
1802 |
1,985 |
-18.28 |
2,429 |
-30.44 |
3,492 |
|
Furniture
& Vehicles |
946 |
-44.55 |
1,706 |
-54.37 |
3,739 |
-87.60 |
30,147 |
-48.40 |
58,429 |
|
Leasing
& Other Similar Rights - - - - - - - - - |
|||||||||
|
Other
tangible assets |
1 |
0 |
1 |
0 |
1 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Financial
fixed assets |
- |
- |
- |
- |
5,000 |
-10.19 |
5,567 |
3.26 |
5,391 |
|
Total
current assets |
58,093,925 |
15.80 |
50,166,186 |
-6.79 |
53,819,528 |
-15.68 |
63,828,658 |
34.74 |
47,371,742 |
|
Inventories |
3,170,528 |
-29.09 |
4,471,513 |
-0.28 |
4,483,925 |
-75.15 |
18,045,542 |
94.56 |
9,275,153 |
|
Raw
materials & consumables - - - - - - - - - |
|||||||||
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
3,170,528 |
-29.09 |
4,471,513 |
-0.28 |
4,483,925 |
-75.15 |
18,045,542 |
94.56 |
9,275,153 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Trade
debtors |
54,241,495 |
19.16 |
45,517,978 |
-6.66 |
48,767,299 |
6.70 |
45,704,817 |
20.39 |
37,963,639 |
|
Other
amounts receivable |
1,198 |
-32.32 |
1,770 |
-60.54 |
4,485 |
2870 |
151 |
- |
- |
|
|
|||||||||
|
Cash |
649,999 |
1302 |
46,332 |
-91.11 |
521,037 |
1507 |
32,415 |
-67.33 |
99,221 |
|
|
|||||||||
|
Miscellaneous
current assets |
30,705 |
-76.12 |
128,593 |
200 |
42,782 |
-6.45 |
45,733 |
35.59 |
33,729 |
|
|
|||||||||
|
Total
Assets |
58,275,988 |
15.76 |
50,343,034 |
-6.74 |
53,981,406 |
-15.72 |
64,051,194 |
34.42 |
47,648,409 |
LIABILITY
|
Total
shareholders equity |
8,336,292 |
17.27 |
7,108,502 |
42.20 |
4,998,912 |
1.09 |
4,944,788 |
212 |
1,583,079 |
|
|
|||||||||
|
Issued
share capital |
7,000,600 |
13.58 |
6,163,350 |
47.86 |
4,168,450 |
-1.94 |
4,250,950 |
304 |
1,050,814 |
|
Share
premium account |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Revaluation
reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
1,335,692 |
41.32 |
945,152 |
13.81 |
830,462 |
19.69 |
693,838 |
30.36 |
532,265 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|||||||||
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Creditors |
49,939,696 |
15.51 |
43,234,532 |
-11.73 |
48,982,494 |
-17.13 |
59,106,406 |
28.31 |
46,065,330 |
|
|
|||||||||
|
Other
long term loans |
9,413,250 |
13.58 |
8,287,454 |
-4.33 |
8,662,338 |
-2.01 |
8,840,021 |
2.85 |
8,595,260 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
9,413,250 |
13.58 |
8,287,454 |
-4.33 |
8,662,338 |
-2.01 |
8,840,021 |
2.85 |
8,595,260 |
|
|
|||||||||
|
Current
portion of long term debt |
- |
- |
- |
- |
8,300 |
-75.78 |
34,263 |
-4.83 |
36,001 |
|
Financial
debts |
34,246,122 |
8.84 |
31,464,438 |
12.10 |
28,068,849 |
-15.55 |
33,237,327 |
58.21 |
21,008,413 |
|
Trade
creditors |
5,975,617 |
82.67 |
3,271,267 |
-72.91 |
12,074,494 |
-27.76 |
16,715,317 |
2.97 |
16,233,779 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
84,233 |
70.08 |
49,525 |
47.36 |
33,609 |
-73.76 |
128,071 |
-10.36 |
142,868 |
|
|
|||||||||
|
Miscellaneous
current liabilities |
220,474 |
36.22 |
161,848 |
19.97 |
134,904 |
-10.90 |
151,407 |
208 |
49,009 |
|
Total
current liabilities |
40,526,446 |
15.97 |
34,947,078 |
-13.33 |
40,320,156 |
-19.79 |
50,266,385 |
34.15 |
37,470,070 |
|
|
|||||||||
|
Total
Liabilities |
58,275,988 |
15.76 |
50,343,034 |
-6.74 |
53,981,406 |
-15.72 |
64,051,194 |
34.42 |
47,648,409 |
|
RATIO ANALYSIS |
|
|
|
|
|
|
|
|
|
||||||||
|
TRADING
PERFORMANCE |
|||||||||||||||||
|
Profit
Before Tax |
0.17 |
41.67 |
0.12 |
-7.69 |
0.13 |
8.33 |
0.12 |
-25.00 |
0.16 |
||||||||
|
|
|||||||||||||||||
|
Return
on capital employed |
1.81 |
41.41 |
1.28 |
-7.25 |
1.38 |
-20.23 |
1.73 |
-9.90 |
1.92 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Return
on total assets employed |
0.55 |
41.03 |
0.39 |
11.43 |
0.35 |
-5.41 |
0.37 |
-9.76 |
0.41 |
||||||||
|
|
|||||||||||||||||
|
Return
on net assets employed |
3.85 |
38.99 |
2.77 |
-26.72 |
3.78 |
-21.41 |
4.81 |
-60.96 |
12.32 |
||||||||
|
Sales
/ net working capital |
10.73 |
-2.37 |
10.99 |
4.67 |
10.50 |
-30.33 |
15.07 |
18.66 |
12.70 |
||||||||
|
Stock
turnover ratio |
1.68 |
-37.08 |
2.67 |
-15.51 |
3.16 |
-64.21 |
8.83 |
19.65 |
7.38 |
||||||||
|
|
|||||||||||||||||
|
Creditor
days |
11.70 |
62.50 |
7.20 |
-77.07 |
31.40 |
4.42 |
30.07 |
-36.79 |
47.57 |
||||||||
|
Debtor
days |
105.00 |
5.68 |
99.36 |
-20.91 |
125.63 |
53.86 |
81.65 |
-25.93 |
110.23 |
||||||||
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
||||||||
|
Current
ratio |
1.43 |
-0.69 |
1.44 |
8.27 |
1.33 |
4.72 |
1.27 |
0.79 |
1.26 |
||||||||
|
|
|||||||||||||||||
|
Liquidity
ratio / acid ratio |
1.36 |
3.82 |
1.31 |
7.38 |
1.22 |
34.07 |
0.91 |
-10.78 |
1.02 |
||||||||
|
|
|||||||||||||||||
|
Current
debt ratio |
4.86 |
-1.22 |
4.92 |
-39.03 |
8.07 |
-20.65 |
10.17 |
-57.03 |
23.67 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||||
|
Cashflow |
305,665 |
65.50 |
184,690 |
-18.49 |
226,588 |
1.70 |
222,794 |
16.28 |
191,596 |
||||||||
|
Net
worth |
8,336,292 |
17.27 |
7,108,502 |
42.20 |
4,998,912 |
1.09 |
4,944,788 |
212 |
1,583,079 |
||||||||
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
||||||||
|
Gearing |
523.73 |
-6.35 |
559.22 |
-23.91 |
734.95 |
-13.70 |
851.64 |
-54.51 |
1,872.28 |
||||||||
|
|
|||||||||||||||||
|
Equity
in percentage |
14.30 |
1.27 |
14.12 |
52.48 |
9.26 |
19.95 |
7.72 |
132 |
3.32 |
||||||||
|
|
|||||||||||||||||
|
Total
debt ratio |
5.99 |
-1.48 |
6.08 |
-37.96 |
9.80 |
-17.99 |
11.95 |
-58.93 |
29.10 |
||||||||
|
Working
capital |
17,567,479 |
15.43 |
15,219,108 |
12.74 |
13,499,372 |
-0.46 |
13,562,273 |
36.97 |
9,901,672 |
||||||||
PROFIT AND LOSS
|
Operating
Income |
188,582,582 |
12.76 |
167,239,706 |
18.00 |
141,730,215 |
-30.63 |
204,325,156 |
62.52 |
125,725,862 |
|
Turnover |
188,546,279 |
12.76 |
167,202,859 |
18.01 |
141,686,980 |
-30.65 |
204,318,501 |
62.54 |
125,706,873 |
|
Total
operating expenses |
186,423,824 |
12.48 |
165,745,077 |
18.09 |
140,350,231 |
-30.83 |
202,894,733 |
62.88 |
124,570,673 |
|
Gross
Operating Margin - - -
- - - - - - |
|||||||||
|
|
|||||||||
|
Operating
Charges |
186,460,127 |
12.47 |
165,781,925 |
18.08 |
140,393,466 |
-30.81 |
202,901,388 |
62.86 |
124,589,662 |
|
Employee
costs |
137,903 |
25.40 |
109,974 |
-8.73 |
120,498 |
11.89 |
107,697 |
41.49 |
76,118 |
|
Wages
and salary |
101,465 |
34.80 |
75,273 |
-12.20 |
85,732 |
6.67 |
80,373 |
36.42 |
58,916 |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
31,088 |
15.03 |
27,027 |
-3.80 |
28,095 |
55.77 |
18,036 |
59.19 |
11,330 |
|
Other
employee costs |
5,349 |
-30.30 |
7,674 |
15.04 |
6,671 |
-28.17 |
9,287 |
58.16 |
5,872 |
|
Director
remuneration |
111,011 |
93.99 |
57,226 |
-1.25 |
57,952 |
-9.53 |
64,056 |
- |
- |
|
Amortization
and depreciation |
18,809 |
18.06 |
15,932 |
-72.32 |
57,551 |
-8.92 |
63,187 |
0.56 |
62,835 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating
result |
2,122,455 |
45.59 |
1,457,782 |
9.05 |
1,336,749 |
-6.11 |
1,423,768 |
25.31 |
1,136,200 |
|
Total
financial income |
173,326 |
28.60 |
134,777 |
470 |
23,616 |
-83.86 |
146,285 |
-91.76 |
1,775,994 |
|
|
|||||||||
|
Total
financial expenses |
1,974,746 |
41.51 |
1,395,455 |
19.15 |
1,171,212 |
-12.09 |
1,332,212 |
-50.97 |
2,717,186 |
|
|
|
|
|
|
|
|
|
|
|
|
Results
on ordinary operations before taxation |
321,035 |
62.88 |
197,103 |
4.20 |
189,153 |
-20.47 |
237,841 |
21.96 |
195,008 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary |
-Income |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary |
-Charges |
- |
- |
- |
- |
- |
- |
- |
3,246 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary |
0items |
- |
0 |
- |
0 |
- |
0 |
0 |
-3,246 |
|
Result
for the year before |
321035 |
62.88 |
197103 |
4.20 |
189153 |
-20.47 |
237841 |
24.03 |
191762 |
|
Other appropriations- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
34,179 |
20.58 |
28346 |
40.92 |
20115 |
-74.29 |
78234 |
24.18 |
6300 |
|
Results
on ordinary operations after taxation |
286856 |
69.98 |
168757 |
-0.17 |
169038 |
5.91 |
159607 |
20.91 |
132008 |
|
Net
Result |
286856 |
69.98 |
168758 |
0.17 |
169037 |
5.91 |
159607 |
23.96 |
128761 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit
(Loss) for the Year to be
appropiated |
286856 |
69.98 |
168758 |
-0.17 |
169037 |
5.91 |
159607 |
23.96 |
128761 |
Social Balance Sheet Details
|
Social Balance Sheet |
Total |
|
|
|
During the reporting year ended 31-12-2014 |
|||
|
Full-time Employees |
2 |
|
|
|
Part-time Employees |
2 |
|
|
|
Total Fte Employees |
4 |
|
|
|
|
|||
|
Number of hours worked |
|||
|
Full-time Employees |
3,512 |
|
|
|
Part-time Employees |
2,609 |
|
|
|
Total |
6,121 |
|
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
84,129 |
|
|
|
Part-time Employees |
53,774 |
|
|
|
Total |
137,903 |
|
|
|
Benefits In Addition To Wages - |
|||
|
|
|||
|
During the previous reporting year |
|||
|
Average number employees in Fte |
4 |
|
|
|
Actual working hours |
6,098 |
|
|
|
Personnel Charges |
124,913 |
|
|
|
Benefits In Addition To Wages - |
|||
|
|
|
|
|
|
|
|||
|
Type of Contract Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration 2 Contracts |
2 |
4 |
|
|
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 |
- |
1 |
1 |
|
|
university) |
|
|
|
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education - - - |
||||
|
Secondairy education |
1 |
1 |
2 |
|
|
Higher education (non |
1 |
- |
1 |
|
|
university) |
|
|
|
|
|
Higher education |
- |
- |
- |
|
|
(university) |
|
|
|
|
|
Working Category Full-Time |
Part-Time |
Total Fte |
|||
|
Management |
- |
-- |
|
- |
- |
|
White collar |
worker2 |
2 |
4 |
||
|
Blue collar worker- |
- |
- |
|||
|
Other |
- |
|
|
- |
- |
|
Temporary personnel |
|
Total |
|
|
Average number of
temporary |
staff- |
|
|
|
Actual working hours |
|
- |
|
|
Cost of temporary staff |
|
- |
|
|
New staff and |
leaversFull-Time |
Part-Time |
Total Fte |
||
|
New Starters |
- |
|
|
- |
- |
|
Leavers |
- |
|
|
- |
- |
Total of formal
continuing vocational training
initiatives
|
for workers paid
by the employerMale |
Female |
||
|
|
|
|
|
|
Number |
of employees |
- |
- |
|
Number |
of training hours |
- |
- |
|
Net costs for
enterprise |
- |
- |
|
|
|
|
|
|
Total of less formal and informal continuing vocational training
initiatives for workersMalepaid by theFemaleemployer
|
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 |
Payment Information
Suspension of
payments / oratorium history
|
Amount - |
|
|
Details - |
|
|
Payment Information Summary |
|
|
Total
number of Invoices available |
15 |
|
Total number of Invoices paid within or up to 30 days after the due
date |
9 |
|
Total number of Invoices paid more than 30 days after the due date |
6 |
|
Total number of Invoices currently outstanding where the due date
has not yet been reached |
0 |
|
Total number of Invoices currently outstanding beyond the due date |
0 |
Payment
expectations
Payment expectation days 11.70
Day sales outstanding 105
Industry comparison
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
Industry average payment expectation days 106.77
Industry
average day sales outstanding 171.43
Industry quartile analysis
Payment expectations
Company result 11.70
Lower 120.34
Median 75.33
Upper 45.88
Day sales outstanding
Company
result 105
Lower 102.70
Median 55.21
Upper 25.25
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 |
Pankajbhai |
Middle name |
- |
|
Surname |
Virani |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
10/12/2013(estimate |
End date) |
- |
|
Percentage owned- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Acacialaan |
House number |
1 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2020 |
Country |
Belgium |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Rasilah |
Middle name |
- |
|
Surname |
Virani |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
18/01/2011(estimate |
End date) |
- |
|
Percentage owned- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
|
|
|
|
|
|
Ashley Road |
House number |
6 |
|
|
|
|
|
|
Minor town |
- |
Postal town |
- |
|
Post code |
x x |
Country |
Hong Kong |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Rasilah |
Middle name |
- |
|
Surname |
Virani |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
18/01/2011(estimate |
End date) |
- |
|
Percentage owned- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Ashley Road |
House number |
6 |
|
Minor town |
- |
Postal town |
- |
|
Post code |
x x |
Country |
Hong Kong |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Hardik Pankaj |
Middle name |
- |
|
Surname |
Virani |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
29/01/2015(estimate |
End date) |
- |
|
Percentage owned- |
|
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
- |
|
|
|
|
|
Linked Companies
Summary
Group - Number
of Companies 0
Linkages - Number
of Companies 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 |
|
|
Position |
Managing Director |
|
Start Date |
08/04/2015 |
|
Street |
1 ACACIALAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
PANKAJBHAI
BHIKHABHAI VIRANI |
|
Position |
Director |
|
Start Date |
20/10/2003 |
|
Street |
1 ACACIALAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
RASILAH
RAMESH VIRANI |
|
Position |
Director |
|
Start Date |
25/08/2003 |
|
Street |
6 ASHLEY
ROAD |
|
Post code |
XX |
|
Country |
Hong Kong |
|
|
|
|
Name |
HARDIKVIRANI |
|
Position |
Director |
|
Start Date |
15/11/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
HARDIK
PANKVIRAJNI |
|
Position |
Director |
|
Start Date |
28/11/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Former director details |
|
|
|
|
|
Name |
GERDAERTS |
|
Position |
Principal Manager |
|
Start Date |
31/12/1995 |
|
End Date |
Unknown date |
|
Street |
83 KRUISBEKSTRAAT ANTWERPEN |
|
Post code |
2170 |
|
Country |
Belgium |
|
|
|
|
Name |
KARP
IMPEX |
|
Position |
Director |
|
Start Date |
01/07/2009 |
|
End Date |
30/06/2015 |
|
Street |
1411 PRASAD
CHAMBERS, OPERA HOUSE |
|
Post code |
400 004 |
|
Country |
India |
|
|
|
|
Name |
KARP
IMPEX LTD SOC.
ETRANGERE |
|
Position |
Director |
|
Start Date |
08/06/2003 |
|
End Date |
14/03/2015 |
|
Street |
1411 PRASAD
CHAMBERS, OPERA HOUSE |
|
Post code |
|
|
Country |
India |
|
|
|
|
Name |
ANILKUMARVIANI |
|
Position |
Legal Representative |
|
Start Date |
25/08/2003 |
|
End Date |
14/03/2015 |
|
Street Post code Country |
|
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.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.