|
Report No. : |
353331 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
H.R.P. DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 144, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
17.01.2002 |
|
|
|
|
Com. Reg. No.: |
476640974 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALE OF DIAMONDS AND
OTHER PRECIOUS STONES. |
|
|
|
|
No. of Employees : |
Not Available |
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
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 a
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 |
476640974 |
|
Branche Unit Number |
2095662234 |
|
Company name |
H.R.P. DIAM BVBA |
|
Address |
HOVENIERSSTRAAT 2-BUS 144 |
|
|
2018 ANTWERPEN |
|
Number of staff |
- |
|
Date of establishment |
17/01/2002 |
|
Telephone number |
- |
|
Fax number |
- |
The business was established over 13
years ago.
No employees are recorded for this business.
The business has been at the
address for over 6 years.
Pre-tax profits decreased by 42%
compared to the previous trading period.
The business saw a decrease in
their Cash Balance of 95% during
the latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2014 |
41,260,704 |
87,778 |
6,137,132 |
6,547,896 |
|
31/12/2013 |
44,719,452 |
152,292 |
6,053,752 |
6,404,931 |
|
31/12/2012 |
54,100,083 |
156,030 |
5,913,650 |
6,279,121 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
20,078,722 |
- |
1,538,600 |
100,546 |
|
31/12/2013 |
17,554,582 |
- |
1,538,600 |
157,894 |
|
31/12/2012 |
21,078,665 |
- |
1,538,600 |
145,254 |
|
Past payments |
|
Payment expectation days |
48.02 |
|
Industry average payment expectation days |
192.73 |
Industry average day sales outstanding |
194.48 |
|
Day sales outstanding |
113.52 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
|
NSSO DETAILS |
|
|
Date of summons |
- |
|
Business number |
476640974 |
Company name |
H.R.P. DIAM BVBA |
|
Fax number |
- |
Date founded |
17/01/2002 |
|
Company status |
active |
Company type |
Private limited liability company |
|
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 |
BE.0476.640.974 Check VAT number |
|
|
|
|
|
|
Belgian Bullettin of Acts Publications |
Moniteur Belge |
|
|
|
Registered contractor number |
- |
|
Contractor description |
- |
|
Date struck off register |
|
|
|
|
|
Personnel
(NSSO classification) |
|
|
Code |
- |
|
Description |
From 1 To 4 Employees |
|
|
|
|
Joint
Industrial Committee (JIC) |
|
|
JIC Code |
218 |
|
Description category |
Additional national joint committee for
the employees |
|
|
|
|
JIC Code |
324 |
|
Description category |
Joint committee for the industry
and the trade in diamant |
|
|
|
|
Significant
Events |
|
|
Event Date |
17/01/2002 |
|
Event Description |
Legal creation |
|
Event Details |
|
|
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 |
224,483 |
-7.10 |
241,650 |
-6.40 |
258,161 |
3.63 |
249,112 |
2.22 |
243,694 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
224,483 |
-7.10 |
241,650 |
-6.40 |
258,161 |
3.63 |
249,112 |
2.22 |
243,694 |
|
Land & building |
190,106 |
-5.32 |
200,786 |
-5.07 |
211,511 |
-4.85 |
222,284 |
-2.78 |
228,642 |
|
Plant & machinery |
34,377 |
-15.87 |
40,863 |
-12.41 |
46,651 |
227 |
14,224 |
-0.34 |
14,272 |
|
Furniture & Vehicles |
0 |
- |
0 |
- |
0 |
-100 |
12,604 |
1516 |
780 |
|
Leasing & Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total current assets |
19,854,239 |
14.68 |
17,312,932 |
-16.85 |
20,820,504 |
-1.93 |
21,230,636 |
20.96 |
17,551,698 |
|
Inventories |
6,877,384 |
20.38 |
5,712,847 |
-14.11 |
6,651,385 |
3.76 |
6,410,474 |
7.24 |
5,977,885 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
6,877,384 |
20.38 |
5,712,847 |
-14.11 |
6,651,385 |
3.76 |
6,410,474 |
7.24 |
5,977,885 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
12,832,279 |
19.24 |
10,761,389 |
-22.59 |
13,902,696 |
10.92 |
12,533,944 |
19.14 |
10,520,428 |
|
Other amounts receivable |
6,077 |
12.92 |
5,381 |
-1.30 |
5,452 |
-96.69 |
164,632 |
33.04 |
123,744 |
|
Cash |
34,724 |
-95.62 |
793,263 |
1196 |
61,195 |
-96.91 |
1,982,500 |
142 |
816,482 |
|
Miscellaneous current assets |
103,776 |
159 |
40,052 |
-79.95 |
199,774 |
43.63 |
139,086 |
22.91 |
113,158 |
|
Total Assets |
20,078,722 |
14.38 |
17,554,582 |
-16.72 |
21,078,665 |
-1.87 |
21,479,748 |
20.70 |
17,795,391 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
6,137,132 |
1.38 |
6,053,752 |
2.37 |
5,913,650 |
2.25 |
5,783,453 |
0.63 |
5,747,023 |
|
Issued share capital |
1,538,600 |
0 |
1,538,600 |
0 |
1,538,600 |
0 |
1,538,600 |
0 |
1,538,600 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
4,598,532 |
1.85 |
4,515,152 |
3.20 |
4,375,050 |
3.07 |
4,244,853 |
0.87 |
4,208,423 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
13,941,591 |
21.22 |
11,500,830 |
-24.16 |
15,165,015 |
-3.38 |
15,696,295 |
30.28 |
12,048,368 |
|
Other long term loans |
631,872 |
7.20 |
589,454 |
-5.48 |
623,633 |
-3.58 |
646,804 |
0.18 |
645,618 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
3,375 |
0 |
3,375 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
635,247 |
7.16 |
592,829 |
-4.94 |
623,633 |
-3.58 |
646,804 |
0.18 |
645,618 |
|
Current portion of long term debt |
15,532 |
1.34 |
15,327 |
7.45 |
14,264 |
6.85 |
13,350 |
1.67 |
13,130 |
|
Financial debts |
7,828,084 |
19.86 |
6,530,876 |
-17.29 |
7,896,061 |
20.34 |
6,561,249 |
15.71 |
5,670,409 |
|
Trade creditors |
5,366,246 |
25.29 |
4,283,230 |
-32.95 |
6,388,405 |
-20.87 |
8,073,058 |
51.40 |
5,332,131 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
5,250 |
-59.40 |
12,932 |
-50.80 |
26,283 |
15.02 |
22,851 |
25.78 |
18,168 |
|
Miscellaneous current liabilities |
91,231 |
38.99 |
65,637 |
-69.66 |
216,369 |
-42.91 |
378,982 |
2.73 |
368,911 |
|
Total current liabilities |
13,306,344 |
21.99 |
10,908,001 |
-24.99 |
14,541,383 |
-3.38 |
15,049,491 |
31.98 |
11,402,750 |
|
Total Liabilities |
20,078,722 |
14.38 |
17,554,582 |
-16.72 |
21,078,665 |
-1.87 |
21,479,748 |
20.70 |
17,795,391 |
|
Ratio Analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.21 |
-38.24 |
0.34 |
17.24 |
0.29 |
141 |
0.12 |
-29.41 |
0.17 |
|
Return on capital employed |
1.30 |
-43.23 |
2.29 |
-4.18 |
2.39 |
117 |
1.10 |
-20.29 |
1.38 |
|
Return on total assets employed |
0.44 |
-49.43 |
0.87 |
17.57 |
0.74 |
124 |
0.33 |
-34.00 |
0.50 |
|
Return on net assets employed |
1.43 |
-43.25 |
2.52 |
-4.55 |
2.64 |
116 |
1.22 |
-20.78 |
1.54 |
|
Sales / net working capital |
6.30 |
-9.74 |
6.98 |
-19.03 |
8.62 |
-6.10 |
9.18 |
6.62 |
8.61 |
|
Stock turnover ratio |
16.67 |
30.54 |
12.77 |
3.91 |
12.29 |
8.76 |
11.30 |
0 |
11.30 |
|
Creditor days |
48.02 |
35.88 |
35.34 |
-18.93 |
43.59 |
-16.69 |
52.32 |
41.60 |
36.95 |
|
Debtor days |
113.52 |
29.25 |
87.83 |
-6.36 |
93.80 |
16.29 |
80.66 |
11.16 |
72.56 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.49 |
-6.29 |
1.59 |
11.19 |
1.43 |
1.42 |
1.41 |
-8.44 |
1.54 |
|
Liquidity ratio / acid ratio |
0.98 |
-7.55 |
1.06 |
9.28 |
0.97 |
-1.02 |
0.98 |
-3.92 |
1.02 |
|
Current debt ratio |
2.17 |
20.56 |
1.80 |
-26.83 |
2.46 |
-5.38 |
2.60 |
31.31 |
1.98 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
100,546 |
-36.32 |
157,894 |
8.70 |
145,254 |
180 |
51,817 |
-29.83 |
73,839 |
|
Net worth |
6,137,132 |
1.38 |
6,053,752 |
2.37 |
5,913,650 |
2.25 |
5,783,453 |
0.63 |
5,747,023 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
138.10 |
17.16 |
117.87 |
-18.32 |
144.31 |
15.58 |
124.86 |
13.38 |
110.13 |
|
Equity in percentage |
30.57 |
-11.37 |
34.49 |
22.92 |
28.06 |
4.20 |
26.93 |
-16.63 |
32.30 |
|
Total debt ratio |
2.27 |
19.47 |
1.90 |
-25.78 |
2.56 |
-5.54 |
2.71 |
29.05 |
2.10 |
|
Working capital |
6,547,896 |
2.23 |
6,404,931 |
2.00 |
6,279,121 |
1.59 |
6,181,145 |
0.52 |
6,148,947 |
PROFIT & LOSS
|
Operating Income |
41,288,740 |
-7.73 |
44,748,415 |
-17.32 |
54,123,946 |
-4.59 |
56,729,540 |
7.15 |
52,944,110 |
|
Turnover |
41,260,704 |
-7.73 |
44,719,452 |
-17.34 |
54,100,083 |
-4.61 |
56,714,898 |
7.17 |
52,922,855 |
|
Total operating expenses |
40,789,977 |
-7.79 |
44,237,369 |
-17.29 |
53,487,426 |
-5.03 |
56,317,837 |
6.93 |
52,666,678 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
40,818,013 |
-7.79 |
44,266,332 |
-17.28 |
53,511,289 |
-5.01 |
56,332,479 |
6.92 |
52,687,933 |
|
Employee costs |
- |
- |
- |
- |
6,668 |
2571 |
250 |
-91.10 |
2,803 |
|
Wages and salary |
- |
- |
- |
- |
5,285 |
- |
- |
- |
1,782 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
- |
- |
980 |
- |
- |
- |
182 |
|
Other employee costs |
- |
- |
0 |
-100 |
402 |
61.22 |
250 |
-70.26 |
839 |
|
Director remuneration |
88,662 |
-0.37 |
88,988 |
12.58 |
79,043 |
14.69 |
68,918 |
0.14 |
68,818 |
|
Amortization and depreciation |
17,167 |
-3.52 |
17,792 |
18.17 |
15,057 |
-2.15 |
15,388 |
13.93 |
13,507 |
|
Operating result |
470,727 |
-2.36 |
482,083 |
-21.31 |
612,657 |
54.30 |
397,061 |
54.99 |
256,177 |
|
Total financial income |
30,276 |
-55.40 |
67,883 |
962 |
6,387 |
188 |
2,213 |
-70.53 |
7,512 |
|
Total financial expenses |
413,226 |
3.91 |
397,674 |
-14.11 |
463,013 |
40.97 |
328,455 |
87.40 |
175,269 |
|
Results on ordinary operations before taxation |
87,778 |
-42.36 |
152,292 |
-2.40 |
156,030 |
120 |
70,819 |
-19.91 |
88,420 |
|
Extraordinary Income |
151 |
- |
- |
- |
4,578 |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
5,604 |
- |
- |
- |
- |
|
Extraordinary items |
151 |
- |
0 |
0 |
-1,026 |
- |
0 |
- |
0 |
|
Results for the Year Before Taxation |
87,929 |
-42.26 |
152,292 |
-1.75 |
155,004 |
118 |
70,819 |
-19.91 |
88,420 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
4,549 |
-62.69 |
12,190 |
-50.86 |
24,807 |
-27.87 |
34,390 |
22.44 |
28,087 |
|
Results on ordinary operations after taxation |
83,229 |
-40.59 |
140,102 |
6.77 |
131,223 |
260 |
36,429 |
-39.62 |
60,333 |
|
Net result |
83,380 |
-40.49 |
140,102 |
7.61 |
130,197 |
257 |
36,429 |
-39.62 |
60,333 |
|
Profit (Loss) for the Year to be
appropriated |
83,380 |
-40.49 |
140,102 |
7.61 |
130,197 |
257 |
36,429 |
-39.62 |
60,333 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Activity code |
46761 |
|
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
|
industry average credit rating |
68.08 |
|
|
Industry average credit limit |
214872.33 |
|
Suspension
of payments / moratorium history
|
Amount |
- |
|
Details |
- |
|
|
|
|
Payment
expectations |
|
|
Payment expectation days |
48.02 |
|
Day sales outstanding |
113.52 |
|
|
|
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other
precious stones |
|
Industry average payment expectation days |
192.73 |
|
Industry average day sales outstanding |
194.48 |
INDUSTRY
QUARTILE ANALYSIS
|
Payment expectations |
|
|
Company result |
48.02 |
|
Lower |
132.91 |
|
Median |
60.64 |
|
Upper |
28.62 |
DAY SALES OUTSTANDING
|
Company result |
113.52 |
|
Lower |
131.59 |
|
Median |
85.34 |
|
Upper |
47.22 |
|
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
Companies
that match this address
no Companies Match this address
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
Current director details
|
Position |
Manager |
|
Start Date |
01/10/2006 |
|
Street |
14 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
Tushar Vanani |
|
Name |
Jigneshkumar Vanani |
|
Position |
Manager |
|
Start Date |
06/01/2006 |
|
Street |
14 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
Hiteshkumar Vanani |
|
Position |
Manager |
|
Start Date |
01/07/2004 |
|
Street |
14 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs.73.56 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NIT |
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.