|
Report No. : |
355299 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHINTAN GEMS BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus 196 2018
Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
09.10.2002 |
|
|
|
|
Com. Reg. No.: |
478554943 |
|
|
|
|
Legal Form : |
Private limited liability |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No. of Employees : |
1 |
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 |
|
Business number |
478554943 |
|
Branche Unit Number |
2114607225 |
|
Company name |
CHINTAN
GEMS BVBA |
|
Address |
HOVENIERSSTRAAT
30-BUS 196 |
|
|
2018
ANTWERPEN |
|
Number of staff |
1 |
|
Date of establishment |
09/10/2002 |
|
Telephone number |
0488685054 |
|
Fax number |
032312331 |
The business was
established over 13 years ago.
The business has 1
employees.
The business has been
at the address for over 3 years.
The business saw a decrease
in their Cash Balance of 93% during
the latest trading period.
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
30/06/2014 |
105,714,474 |
290,823 |
6,103,344 |
7,754,087 |
|
30/06/2013 |
102,321,759 |
268,206 |
6,090,515 |
7,810,570 |
|
30/06/2012 |
88,196,148 |
233,917 |
4,941,058 |
6,890,549 |
|
Accounts |
|
|
|
|
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/06/2014 |
31,487,647 |
1 |
5,125,201 |
279,178 |
|
30/06/2013 |
37,549,065 |
1 |
5,320,000 |
264,883 |
|
30/06/2012 |
28,057,439 |
1 |
4,369,405 |
264,210 |
Profitability
Liquidity
Net worth
|
Past
payments |
|
Payment
expectation days |
37.22 |
|
Industry
average payment |
192.91 |
Industry
average day sales |
194.90 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
93.42 |
|
|
BANKRUPTCY
DETAILS
|
Court
action type |
no |
PROTESTED
BILLS
|
Bill
amount |
- |
NSSO
DETAILS
|
Date
of summons |
- |
|
Business number |
478554943 |
Company name |
CHINTAN
GEMS BVBA |
|
Fax number |
032312331 |
Date founded |
09/10/2002 |
|
Company status |
active |
Company type |
Private
limited liability |
|
|
|
|
company |
|
Currency |
Euro
(€) |
Date of latest accounts |
30/06/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale
of diamonds and other precious stones |
VAT Number |
BE.0478.554.943
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)
|
|
|
Significant Events |
|
|
Event
Date |
12/05/2011 |
|
Event
Description |
|
|
Event
Details |
Rechtzetting
betreffende bekendmaking akte kapitaalverhoging
dd 12/05/11. |
|
Event
Date |
12/05/2011 |
|
Event
Description |
|
|
Event
Details |
Rechtzetting
betreffende bekendmaking akte kapitaalverhoging
dd 12/05/11. |
|
Event
Date |
22/01/2010 |
|
Event
Description |
resignation-appointment
of director(s) |
|
Event
Details |
Commentaar
22-01-2010: Benoeming van Chintankumar Goti
als zaakvoerrder onder opschortende |
|
|
voorwaarde
tot het bekomen van de beroepskaart. |
|
Event
Date |
22/01/2010 |
|
Event
Description |
resignation-appointment
of director(s) |
|
Event
Details |
Commentaar
22-01-2010: Benoeming van Chintankumar Goti
als zaakvoerrder onder opschortende |
|
|
voorwaarde
tot het bekomen van de beroepskaart. |
|
Event
Date |
09/10/2002 |
|
Event
Description |
Legal
creation |
|
Event
Details |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual
accounts |
30-06-2014 |
% |
30-06-2013 |
% |
30-06-2012 |
% |
30-06-2011 |
% |
30-06-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total
fixed assets |
865,349 |
-7.79 |
938,405 |
5.56 |
888,977 |
251 |
253,118 |
-19.25 |
313,460 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
863,333 |
-7.79 |
936,312 |
5.58 |
886,790 |
253 |
251,214 |
-19.28 |
311,217 |
|
Land
& building |
829,192 |
-6.70 |
888,745 |
5.33 |
843,795 |
305 |
208,137 |
-17.43 |
252,079 |
|
Plant
& machinery |
7,754 |
-6.34 |
8,279 |
151 |
3,298 |
-6.84 |
3,540 |
200 |
1,178 |
|
Furniture
& Vehicles |
26,387 |
-32.84 |
39,288 |
-1.03 |
39,697 |
0.41 |
39,536 |
-31.79 |
57,960 |
|
Leasing
& Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
-100 |
1 |
- |
0 |
|
Financial
fixed assets |
2,016 |
-3.63 |
2,092 |
-4.34 |
2,187 |
14.80 |
1,905 |
-15.07 |
2,243 |
|
Total
current assets |
30,622,298 |
-16.36 |
36,610,660 |
34.75 |
27,168,462 |
43.85 |
18,886,410 |
76.24 |
10,716,155 |
|
Inventories |
3,528,712 |
-15.84 |
4,192,642 |
46.84 |
2,855,288 |
-10.25 |
3,181,394 |
193 |
1,084,615 |
|
Raw
materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
3,528,712 |
-15.84 |
4,192,642 |
46.84 |
2,855,288 |
-10.25 |
3,181,394 |
193 |
1,084,615 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
debtors |
27,057,393 |
-15.37 |
31,970,968 |
32.20 |
24,183,411 |
54.99 |
15,603,298 |
62.61 |
9,595,666 |
|
Other
amounts receivable |
5,565 |
-0.47 |
5,591 |
-88.49 |
48,593 |
1903 |
2,426 |
41.71 |
1,712 |
|
Cash |
30,628 |
-93.06 |
441,459 |
443 |
81,170 |
-18.25 |
99,292 |
190 |
34,162 |
|
Miscellaneous
current assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Assets |
31,487,647 |
-16.14 |
37,549,065 |
33.83 |
28,057,439 |
46.59 |
19,139,528 |
73.53 |
11,029,615 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total
shareholders equity |
6,103,344 |
0.21 |
6,090,515 |
23.26 |
4,941,058 |
30.11 |
3,797,503 |
260 |
1,054,731 |
|
Issued
share capital |
5,125,201 |
-3.66 |
5,320,000 |
21.76 |
4,369,405 |
26.30 |
3,459,500 |
324 |
814,900 |
|
Share
premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation
reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
978,143 |
26.95 |
770,515 |
34.79 |
571,653 |
69.13 |
338,003 |
40.93 |
239,831 |
|
Provisions
for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered
taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
25,384,303 |
-19.31 |
31,458,549 |
36.09 |
23,116,381 |
50.67 |
15,342,025 |
53.81 |
9,974,884 |
|
Other
long term loans |
2,516,092 |
-5.36 |
2,658,459 |
-6.34 |
2,838,468 |
2033 |
133,051 |
-27.94 |
184,636 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
long term liabilities |
0 |
-100 |
1 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
2,516,092 |
-5.36 |
2,658,460 |
-6.34 |
2,838,468 |
2033 |
133,051 |
-27.94 |
184,636 |
|
Current
portion of long term debt |
43,288 |
-3.19 |
44,714 |
43.47 |
31,167 |
121 |
14,063 |
3.16 |
13,632 |
|
Financial
debts |
11,894,151 |
-21.81 |
15,212,644 |
29.39 |
11,757,234 |
210 |
3,783,923 |
54.41 |
2,450,585 |
|
Trade
creditors |
10,655,221 |
-20.33 |
13,373,546 |
61.37 |
8,287,690 |
-20.42 |
10,413,954 |
105 |
5,067,472 |
|
Amounts
Payable for Taxes, Remuneration & Social
Security |
82,657 |
104 |
40,408 |
-44.00 |
72,153 |
42.32 |
50,698 |
198 |
17,011 |
|
Miscellaneous
current liabilities |
192,894 |
49.79 |
128,778 |
-0.69 |
129,669 |
-86.30 |
946,336 |
-57.78 |
2,241,548 |
|
Total
current liabilities |
22,868,211 |
-20.60 |
28,800,090 |
42.03 |
20,277,913 |
33.33 |
15,208,974 |
55.35 |
9,790,248 |
|
Total
Liabilities |
31,487,647 |
-16.14 |
37,549,065 |
33.83 |
28,057,439 |
46.59 |
19,139,528 |
73.53 |
11,029,615 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.28 |
7.69 |
0.26 |
-3.70 |
0.27 |
8.00 |
0.25 |
66.67 |
0.15 |
|
Return
on capital employed |
3.37 |
9.77 |
3.07 |
1.99 |
3.01 |
-30.0 |
4.30 |
-40.61 |
7.24 |
|
Return
on total assets employed |
0.92 |
29.58 |
0.71 |
-14.46 |
0.83 |
-5.68 |
0.88 |
8.64 |
0.81 |
|
Return
on net assets employed |
4.76 |
8.18 |
4.40 |
-6.98 |
4.73 |
6.29 |
4.45 |
-47.71 |
8.51 |
|
Sales
/ net working capital |
13.63 |
4.05 |
13.10 |
2.34 |
12.80 |
-29.59 |
18.18 |
-72.53 |
66.18 |
|
Stock
turnover ratio |
3.34 |
-18.54 |
4.10 |
26.54 |
3.24 |
-31.93 |
4.76 |
168 |
1.77 |
|
Creditor
days |
37.22 |
-22.83 |
48.23 |
39.19 |
34.65 |
-39.49 |
57.26 |
88.79 |
30.33 |
|
Debtor
days |
93.42 |
-18.09 |
114.05 |
13.96 |
100.08 |
17.48 |
85.19 |
49.04 |
57.16 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.34 |
5.51 |
1.27 |
-5.22 |
1.34 |
8.06 |
1.24 |
13.76 |
1.09 |
|
Liquidity
ratio / acid ratio |
1.18 |
4.42 |
1.13 |
-5.83 |
1.20 |
16.50 |
1.03 |
5.10 |
0.98 |
|
Current
debt ratio |
3.75 |
-20.72 |
4.73 |
15.37 |
4.10 |
2.50 |
4.00 |
-56.90 |
9.28 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
279,178 |
5.40 |
264,883 |
0.25 |
264,210 |
72.58 |
153,091 |
90.80 |
80,236 |
|
Net
worth |
6,103,344 |
0.21 |
6,090,515 |
23.26 |
4,941,058 |
30.11 |
3,797,503 |
260 |
1,054,731 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
236.81 |
-19.50 |
294.16 |
-0.63 |
296.03 |
185 |
103.52 |
-58.78 |
251.14 |
|
Equity
in percentage |
19.38 |
19.48 |
16.22 |
-7.89 |
17.61 |
-11.24 |
19.84 |
107 |
9.56 |
|
Total
debt ratio |
4.16 |
-19.54 |
5.17 |
10.47 |
4.68 |
15.84 |
4.04 |
-57.29 |
9.46 |
|
Working
capital |
7,754,087 |
-0.72 |
7,810,570 |
13.35 |
6,890,549 |
87.37 |
3,677,436 |
297 |
925,907 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
105,714,653 |
3.32 |
102,321,952 |
16.02 |
88,196,174 |
31.93 |
66,852,454 |
9.10 |
61,275,787 |
|
Turnover |
105,714,474 |
3.32 |
102,321,759 |
16.02 |
88,196,148 |
31.93 |
66,852,454 |
9.10 |
61,275,787 |
|
Total
operating expenses |
104,502,707 |
3.24 |
101,218,858 |
15.95 |
87,297,852 |
31.51 |
66,383,594 |
8.84 |
60,989,269 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Charges |
104,502,886 |
3.24 |
101,219,052 |
15.95 |
87,297,877 |
31.51 |
66,383,593 |
8.84 |
60,989,269 |
|
Employee
costs |
26,261 |
0.71 |
26,076 |
785 |
2,945 |
- |
- |
- |
- |
|
Wages
and salary |
24,759 |
-2.19 |
25,313 |
889 |
2,558 |
- |
- |
- |
- |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
1,334 |
124 |
593 |
114 |
276 |
- |
- |
- |
- |
|
Other
employee costs |
168 |
-0.59 |
169 |
52.25 |
111 |
- |
0 |
- |
0 |
|
Director
remuneration |
113,129 |
117 |
51,940 |
-45.99 |
96,175 |
24.60 |
77,188 |
43.85 |
53,660 |
|
Amortization
and depreciation |
43,337 |
4.84 |
41,336 |
-48.70 |
80,583 |
330 |
18,714 |
31.36 |
14,246 |
|
Operating
result |
1,211,767 |
9.87 |
1,102,901 |
22.78 |
898,296 |
91.59 |
468,860 |
63.64 |
286,518 |
|
Total
financial income |
30 |
-98.94 |
2,839 |
12804 |
22 |
-99 |
5,925 |
13679 |
43 |
|
Total
financial expenses |
920,974 |
9.96 |
837,534 |
26.06 |
664,401 |
117 |
305,836 |
55.40 |
196,804 |
|
Results
on ordinary operations before taxation |
290,823 |
8.43 |
268,206 |
14.66 |
233,917 |
38.45 |
168,950 |
88.23 |
89,757 |
|
Extraordinary
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results
for the Year Before |
290,823 |
8.43 |
268,206 |
14.66 |
233,917 |
38.45 |
168,950 |
88.23 |
89,757 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other
appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
54,982 |
23.12 |
44,658 |
-11.20 |
50,290 |
45.46 |
34,572 |
45.46 |
23,767 |
|
Results
on ordinary operations after taxation |
235,841 |
5.50 |
223,548 |
21.74 |
183,627 |
36.65 |
134,378 |
103 |
65,990 |
|
Net
result |
235,841 |
5.50 |
223,547 |
21.74 |
183,627 |
36.65 |
134,377 |
103 |
65,990 |
|
Profit
(Loss) for the Year to be appropiated |
235,841 |
5.50 |
223,547 |
21.74 |
183,627 |
36.65 |
134,377 |
103 |
65,990 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social Balance Sheet Details |
|
|
|
|
Social Balance Sheet |
Total |
|
|
|
During the reporting year |
|
|
|
|
ended 30-06-2014 |
|
|
|
|
Full-time Employees |
1 |
|
|
|
Part-time Employees |
- |
|
|
|
Total Fte Employees |
1 |
|
|
|
Number of hours worked |
|
|
|
|
Full-time Employees |
1,801 |
|
|
|
Part-time Employees |
- |
|
|
|
Total |
1,801 |
|
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
- |
|
|
|
Part-time Employees |
- |
|
|
|
Total |
- |
|
|
|
Benefits In Addition To Wages |
- |
|
|
|
During the previous reporting year |
|
|
|
|
Average number employees in Fte |
1 |
|
|
|
Actual working hours |
1,763 |
|
|
|
Personnel Charges |
25,121 |
|
|
|
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 |
- |
- |
- |
|
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 |
|
Suspension of payments
/ moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
|
|
|
Payment expectation days |
37.22 |
|
Day sales outstanding |
93.42 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale
of diamonds and other precious stones |
|
Industry average payment expectation days |
192.91 |
|
Industry average day sales outstanding |
194.90 |
Industry
quartile analysis
Payment
expectations
|
Company
result |
37.22 |
|
Lower |
134.78 |
|
Median |
60.30 |
|
Upper |
28.46 |
|
Day sales outstanding |
|
|
Company
result |
93.42 |
|
Lower |
131.59 |
|
Median |
85.12 |
|
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
Individual
Shareholders
SHAREHOLDER
NAME
|
Forename |
Jignesh |
Middle
name |
Vitthal |
|
Surname |
Patel |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start
date |
27/05/2011(estimated) |
End
date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street
name |
Quinten
Matsijslei |
House
number |
38 |
|
Minor
town |
- |
Postal
town |
Antwerpen |
|
Post
code |
2018 |
Country |
Belgium |
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 |
There is no data
for this company
There is no data
for this company
There is no data
for this company
Current
director details
|
Position |
Manager |
|
Start Date |
16/07/2013 |
|
Street |
38
QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
Chetan
Goti |
|
Name |
Jignesh
Patel |
|
Position |
Manager |
|
Start Date |
04/04/2005 |
|
Street |
38
QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former
director details
|
Name |
Chintankumar
Goti |
|
Position |
Manager |
|
Start Date |
16/03/2011 |
|
End Date |
17/10/2012 |
|
Street |
38
QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
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.66.79 |
|
UK Pound |
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
EUR |
1 |
Rs.73.63 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
|
|
|
|
Report
Prepared by : |
ANK |
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.