|
Report No. : |
355425 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIAROUGH NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-Bus
211 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.02.1975 |
|
|
|
|
Com. Reg. No.: |
414865337 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of Watches and
Jewellery |
|
|
|
|
No. of Employee : |
25 |
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 414865337
Branche Unit Number 2061865949
Company name DIAROUGH NV
Address HOVENIERSSTRAAT
30-BUS 211
2018 ANTWERPEN
Number of staff 25
Date of establishment 04/02/1975
Telephone number 032342424
Fax number 032323931
The business was
established over 40 years ago.
The business has 20
employees.
The business has been at
the address for over 24 years.
Operating Result in the
latest trading period decreased 70% on the previous trading period.
Pre-tax profits decreased by 60%
compared to the previous trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
607,215,918 |
548,322 |
43,146,233 |
4,258,039 |
|
31/12/2012 |
617,475,053 |
1,398,892 |
44,738,802 |
4,162,186 |
|
31/12/2011 |
766,792,523 |
1,957,505 |
44,676,362 |
3,358,429 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
51,431,184 |
25 |
11,014,980 |
653,189 |
|
31/12/2012 |
52,215,611 |
27 |
11,513,244 |
1,256,935 |
|
31/12/2011 |
50,482,159 |
30 |
11,741,108 |
1,736,539 |
|
Past payments |
|
Payment expectation days |
1.12 |
|
Industry average payment |
321.42 |
Industry average day sales |
500.41 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
3.32 |
|
|
BANKRUPTCY DETAILS
Court action type No
PROTESTED BILLS
Bill amount --
NSSO DETAILS
Date of summons --
|
Business number |
414865337 |
Company name |
DIAROUGH NV |
|
Fax number |
032323931 |
Date founded |
04/02/1975 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46480 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of watches and |
VAT Number |
BE.0414.865.337 Check VAT |
|
|
jewellery |
|
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 |
19/06/2014 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 19-06-2014: Parikh Nishit wordt herbenoemd
tot bestuurder en gedelegeerd bestuurder voor 6 jaar. |
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 |
39,067,237 |
-4.91 |
41,083,441 |
-2.57 |
42,165,100 |
2.54 |
41,121,663 |
7.16 |
38,373,648 |
|
Intangible fixed assets |
4,332 |
-83.04 |
25,537 |
-58.45 |
61,463 |
-39.47 |
101,542 |
2.81 |
98,765 |
|
Tangible fixed assets |
1,107,147 |
-20.29 |
1,388,928 |
-15.82 |
1,649,859 |
-11.34 |
1,860,843 |
-4.88 |
1,956,388 |
|
Land & building |
720,737 |
-11.11 |
810,785 |
-6.85 |
870,391 |
-3.27 |
899,837 |
1.38 |
887,576 |
|
Plant & machinery |
147,469 |
18.68 |
124,255 |
-83.55 |
755,379 |
-18.66 |
928,643 |
-9.95 |
1,031,283 |
|
Furniture & Vehicles |
238,941 |
-47.36 |
453,888 |
1784 |
24,090 |
-25.56 |
32,362 |
-13.77 |
37,529 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
0 |
-1 |
-200 |
1 |
- |
0 |
|
Financial fixed assets |
37,955,758 |
-4.32 |
39,668,976 |
-1.94 |
40,453,778 |
3.31 |
39,159,279 |
7.82 |
36,318,495 |
|
Total current assets |
12,363,947 |
11.07 |
11,132,170 |
33.85 |
8,317,059 |
6.28 |
7,825,822 |
3.40 |
7,568,128 |
|
Inventories |
1,117,689 |
-4.33 |
1,168,248 |
-1.94 |
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
1,117,689 |
-4.33 |
1,168,248 |
-1.94 |
1,191,369 |
3.27 |
1,153,604 |
-13.75 |
1,337,573 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
5,524,240 |
5.60 |
5,231,469 |
76.77 |
2,959,430 |
118 |
1,353,965 |
-55.16 |
3,019,594 |
|
Other amounts receivable |
2,925,670 |
95.30 |
1,498,026 |
-49.30 |
2,954,447 |
-8.50 |
3,228,915 |
66.46 |
1,939,708 |
|
Cash |
2,603,320 |
-10.80 |
2,918,360 |
203 |
963,012 |
-40.67 |
1,623,197 |
44.83 |
1,120,765 |
|
Miscellaneous current assets |
193,028 |
-38.93 |
316,067 |
27.04 |
248,801 |
-46.63 |
466,141 |
209 |
150,488 |
|
Total Assets |
51,431,184 |
-1.50 |
52,215,611 |
3.43 |
50,482,159 |
3.14 |
48,947,485 |
6.54 |
45,941,776 |
LIABILITIES
|
Total shareholders equity |
43,150,565 |
-3.61 |
44,764,339 |
0.06 |
44,737,825 |
6.42 |
42,040,193 |
11.42 |
37,732,643 |
|
Issued share capital |
11,014,980 |
-4.33 |
11,513,244 |
-1.94 |
11,741,108 |
3.27 |
11,368,929 |
7.81 |
10,545,578 |
|
Share premium account |
9,120 |
-4.33 |
9,533 |
-1.94 |
9,722 |
3.28 |
9,413 |
7.80 |
8,732 |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
32,126,465 |
-3.35 |
33,241,562 |
0.77 |
32,986,995 |
7.58 |
30,661,851 |
12.82 |
27,178,333 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
8,280,619 |
11.13 |
7,451,273 |
29.72 |
5,744,334 |
-16.84 |
6,907,293 |
-15.86 |
8,209,132 |
|
Other long term loans |
174,711 |
-63.70 |
481,289 |
-38.74 |
785,704 |
-27.49 |
1,083,584 |
-22.11 |
1,391,230 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
0 |
-1 |
- |
0 |
0 |
-1 |
-100 |
556,522 |
|
Total long term debts |
174,711 |
-63.70 |
481,288 |
-38.74 |
785,704 |
-27.49 |
1,083,583 |
-44.37 |
1,947,752 |
|
Current portion of long term
debt |
304,896 |
-0.62 |
306,785 |
0.39 |
305,586 |
0.80 |
303,172 |
-0.24 |
303,901 |
|
Financial debts |
162,590 |
107 |
78,367 |
119 |
35,734 |
-6.60 |
38,259 |
-89.32 |
358,384 |
|
Trade creditors |
1,855,936 |
-50.36 |
3,739,036 |
218 |
1,174,215 |
-19.07 |
1,450,815 |
-37.42 |
2,318,161 |
|
Amounts Payable for Taxes, |
781,078 |
28.98 |
605,586 |
-60.80 |
1,544,933 |
80.26 |
857,043 |
101 |
424,567 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
5,001,408 |
123 |
2,240,210 |
18.02 |
1,898,162 |
-40.20 |
3,174,420 |
11.13 |
2,856,368 |
|
Total current liabilities |
8,105,908 |
16.30 |
6,969,984 |
40.56 |
4,958,630 |
-14.85 |
5,823,709 |
-6.99 |
6,261,381 |
|
Total Liabilities |
51,431,184 |
-1.50 |
52,215,611 |
3.43 |
50,482,159 |
3.14 |
48,947,485 |
6.54 |
45,941,776 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.09 |
-60.87 |
0.23 |
-11.54 |
0.26 |
-21.21 |
0.33 |
266 |
0.09 |
|
Return on capital employed |
1.27 |
-58.90 |
3.09 |
-28.14 |
4.30 |
-8.32 |
4.69 |
350 |
1.04 |
|
Return on total assets employed |
1.07 |
-60.07 |
2.68 |
-30.93 |
3.88 |
-6.05 |
4.13 |
358 |
0.90 |
|
Return on net assets employed |
1.27 |
-59.42 |
3.13 |
-28.54 |
4.38 |
-8.94 |
4.81 |
341 |
1.09 |
|
Sales / net working capital |
142.60 |
-3.88 |
148.35 |
-35.03 |
228.32 |
-26.32 |
309.86 |
-14.62 |
362.92 |
|
Stock turnover ratio |
0.18 |
-5.26 |
0.19 |
18.75 |
0.16 |
-15.79 |
0.19 |
-32.14 |
0.28 |
|
Creditor days |
1.12 |
-49.55 |
2.22 |
296 |
0.56 |
-34.88 |
0.86 |
-51.96 |
1.79 |
|
Debtor days |
3.32 |
7.44 |
3.09 |
119 |
1.41 |
76.25 |
0.80 |
-65.52 |
2.32 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.53 |
-4.38 |
1.60 |
-4.76 |
1.68 |
25.37 |
1.34 |
10.74 |
1.21 |
|
Liquidity ratio / acid ratio |
1.39 |
-2.80 |
1.43 |
-0.69 |
1.44 |
25.22 |
1.15 |
15.00 |
1.00 |
|
Current debt ratio |
0.19 |
18.75 |
0.16 |
45.45 |
0.11 |
-21.43 |
0.14 |
-17.65 |
0.17 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
653,189 |
-48.03 |
1,256,935 |
-27.62 |
1,736,539 |
-4.73 |
1,822,752 |
147 |
735,886 |
|
Net worth |
43,146,233 |
-3.56 |
44,738,802 |
0.14 |
44,676,362 |
6.53 |
41,938,651 |
11.44 |
37,633,878 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
1.49 |
-23.20 |
1.94 |
-23.02 |
2.52 |
-25.66 |
3.39 |
-37.68 |
5.44 |
|
Equity in percentage |
83.91 |
-2.17 |
85.77 |
-3.34 |
88.73 |
3.09 |
86.07 |
4.57 |
82.31 |
|
Total debt ratio |
0.19 |
11.76 |
0.17 |
30.77 |
0.13 |
-18.75 |
0.16 |
-27.27 |
0.22 |
|
Working capital |
4,258,039 |
2.30 |
4,162,186 |
23.93 |
3,358,429 |
67.74 |
2,002,113 |
53.21 |
1,306,747 |
PROFIT & LOSS
|
Operating Income |
609,165,936 |
-1.79 |
620,294,200 |
-19.50 |
770,517,420 |
23.97 |
621,547,553 |
30.30 |
476,997,675 |
|
Turnover |
607,215,918 |
-1.66 |
617,475,053 |
-19.47 |
766,792,523 |
23.60 |
620,367,793 |
30.81 |
474,239,270 |
|
Total operating expenses |
606,769,979 |
-1.50 |
615,980,099 |
-19.47 |
764,948,902 |
23.53 |
619,221,401 |
31.02 |
472,604,541 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
608,719,997 |
-1.63 |
618,799,246 |
-19.50 |
768,673,799 |
23.90 |
620,401,161 |
30.51 |
475,362,946 |
|
Employee costs |
1,925,313 |
-2.65 |
1,977,727 |
-5.81 |
2,099,644 |
3.16 |
2,035,236 |
-15.72 |
2,414,823 |
|
Wages and salary |
1,406,023 |
-2.81 |
1,446,626 |
-7.31 |
1,560,646 |
3.96 |
1,501,170 |
-17.23 |
1,813,726 |
|
Employee pension costs |
14,187 |
-17.11 |
17,116 |
-12.86 |
19,641 |
12.80 |
17,412 |
-9.66 |
19,274 |
|
Social security |
450,928 |
-0.46 |
453,023 |
-2.61 |
465,176 |
1.23 |
459,519 |
-12.24 |
523,623 |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
54,175 |
-11.13 |
60,963 |
12.52 |
54,181 |
-5.17 |
57,135 |
-1.83 |
58,200 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
652,241 |
|
Amortization and depreciation |
329,675 |
-8.97 |
362,174 |
-12.76 |
415,156 |
-9.98 |
461,197 |
5.31 |
437,951 |
|
Operating result |
445,939 |
-70.17 |
1,494,954 |
-18.91 |
1,843,621 |
60.82 |
1,146,392 |
-29.87 |
1,634,729 |
|
Total financial income |
437,324 |
-49.85 |
872,061 |
38.48 |
629,748 |
-56.58 |
1,450,469 |
442 |
267,300 |
|
Total financial expenses |
334,940 |
-65.40 |
968,123 |
87.67 |
515,864 |
-10.03 |
573,405 |
-61.52 |
1,490,164 |
|
Results on ordinary |
548,322 |
-60.80 |
1,398,892 |
-28.54 |
1,957,505 |
-3.26 |
2,023,457 |
391 |
411,864 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
595,578 |
- |
- |
- |
- |
- |
- |
- |
66,766 |
|
Extraordinary Charges |
595,578 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
66,766 |
|
Results for the Year Before |
548,322 |
-60.80 |
1,398,892 |
-28.54 |
1,957,505 |
-3.26 |
2,023,457 |
322 |
478,630 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
224,808 |
-55.41 |
504,131 |
-20.75 |
636,121 |
-3.89 |
661,901 |
266 |
180,695 |
|
Results on ordinary |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,384 |
-2.95 |
1,361,556 |
488 |
231,169 |
|
operations after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,383 |
-2.95 |
1,361,555 |
356 |
297,935 |
|
Profit (Loss) for the Year
to be appropiated |
323,514 |
-63.84 |
894,761 |
-32.29 |
1,321,383 |
-2.95 |
1,361,555 |
356 |
297,935 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
2,066,045 |
|
Social
Balance Sheet Details |
|
|
Social Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2013 |
|
|
Full-time Employees |
25 |
|
Part-time Employees |
4 |
|
Total Fte Employees |
26 |
|
Number of hours worked |
|
|
Full-time Employees |
41,032 |
|
Part-time Employees |
1,855 |
|
Total |
42,887 |
|
Personnel Charges |
|
|
Full-time Employees |
1,828,464 |
|
Part-time Employees |
82,662 |
|
Total |
1,911,126 |
|
Benefits In Addition To Wages |
14,187 |
|
During the previous reporting year |
|
|
Average number employees in Fte |
29 |
|
Actual working hours |
48,780 |
|
Personnel Charges |
1,875,761 |
|
Benefits In Addition To Wages |
16,375 |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
24 |
4 |
25 |
|
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) |
13 |
- |
13 |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
Higher education (non university) |
11 |
4 |
12 |
|
Higher education (university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
20 |
4 |
21 |
|
Blue collar worker |
4 |
- |
4 |
|
Other |
- |
- |
- |
|
Temporary personnel |
Total |
|
Average number of temporary staff |
1 |
|
Actual working hours |
1,008 |
|
Cost of temporary staff |
21,322 |
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters |
7 |
- |
7 |
|
Leavers |
9 |
1 |
10 |
|
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 |
458 |
205 |
|
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 46480
Activity description Wholesale of watches and
jewellery
|
Payment Information Summary |
|
|
Total number of Invoices available |
13 |
|
Total number of Invoices
paid within or up to 30 days
after the due date |
12 |
|
Total number of Invoices
paid more than 30 days after the
due date |
1 |
|
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 |
Suspension
of payments / moratorium history
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
1.12 |
|
Day sales outstanding |
3.32 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46480 |
|
Activity description |
Wholesale of watches and jewellery |
|
Industry average payment |
321.42 |
|
expectation days |
|
|
Industry average day sales |
500.41 |
|
outstanding |
|
|
Payment
expectations |
|
|
Company result |
1.12 |
|
Lower |
127.92 |
|
Median |
63.15 |
|
Upper |
18.49 |
Day sales outstanding
|
Company result |
3.32 |
|
Lower |
116.66 |
|
Median |
56.14 |
|
Upper |
21.56 |
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
|
Business |
Company name |
Date of |
|
number |
|
accounts |
|
- |
DIAROUGH JAPAN CO LTD |
- |
|
458427938 |
Diarough European Sales NV |
31/12/2013 |
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
|
Name |
NISHIT PARIKH |
|
Position |
Managing Director |
|
Start Date |
29/12/2014 |
|
Date of birth |
22/04/1965 |
|
Street |
8 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
14/03/2012 |
|
Date of birth |
22/04/1965 |
|
Street |
8 KASTANJELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
DIAROUGH EUROPEAN SALES NV |
|
Position |
Director |
|
Start Date |
01/10/2010 |
|
Date of birth |
15/07/1996 |
|
Street |
30 HOVENIERSSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Position |
Legal Representative |
|
Start Date |
01/10/2010 |
|
Date of birth |
15/07/1996 |
|
Street |
30 HOVENIERSSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Name |
PRADEEP TAKSALI |
|
Position |
Director |
|
Start Date |
01/01/2007 |
|
Street |
|
|
Post code |
|
|
Country |
|
FORMER DIRECTOR DETAILS
|
Name |
MAHENDRA PARIKH |
|
Position |
Director |
|
Start Date |
18/10/2007 |
|
End Date |
Unknown date |
|
Street |
5 HAGEDOORNLAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
SWATE MAHENDR PARIKH |
|
Position |
Chairman of the Board |
|
Start Date |
10/05/1996 |
|
End Date |
Unknown date |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Position |
Managing Director |
|
Start Date |
01/07/2008 |
|
End Date |
Unknown date |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
16/07/2003 |
|
End Date |
Unknown date |
|
Date of birth |
18/06/1970 |
|
Street |
90 DESGUINLEI 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.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
EUR |
1 |
Rs.73.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis
Done by : |
KAR |
|
|
|
|
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.