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Report No. : |
355851 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DESIRE DIAMOND BVBA |
|
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Registered Office : |
Hoveniersstraat 30-Bus 155, 2018 Antwerpen |
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Country : |
Belgium |
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Date of Incorporation : |
06.05.2014 |
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Com. Reg. No.: |
552876838 |
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Legal Form : |
Private limited liability |
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Line of Business : |
Subject is engaged in wholesale of diamonds and other precious stones |
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No. of Employee : |
Note Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
DESIRE
DIAMOND BVBA
|
Business number |
552876838 |
|
Branche Unit
Number |
2230634170 |
|
Company name |
DESIRE DIAMOND BVBA |
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Address |
HOVENIERSSTRAAT 30-BUS 155 |
|
|
2018 ANTWERPEN |
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Date of
establishment |
06/05/2014 |
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Telephone number |
- |
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Fax number |
- |
|
Company name |
Company Number |
|
- |
- |
The business was established
over 18 months ago.
Newly established businesses are
proven to be more of an insolvency
risk than more established businesses. No
employees are recorded for this business.
The business has been at
the address for over 16 months.
No key Financials Registered
|
Payment expectations |
|
|
|
|
Past payments |
|
Payment
expectation days |
- |
|
Industry average
payment |
194.06 |
Industry average
day sales |
194.73 |
|
expectation days |
|
outstanding |
|
BANKRUPTCY DETAILS
Court
action type no
PROTESTED BILLS
Bill amount -
NSSO
DETAILS
Date of
summons -
|
Business number |
552876838 |
Company name |
DESIRE DIAMOND BVBA |
|
Fax number |
- |
Date founded |
06/05/2014 |
|
Company status |
active |
Company type |
Private limited liability |
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|
|
|
company |
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Currency |
Euro (€) |
Date of
latest accounts |
- |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and other precious stones |
VAT Number |
BE.0552.876.838 Check VAT |
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|
|
number |
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Belgian Bullettin
of Acts Publications |
moniteur belge |
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Registered contractor |
- |
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number |
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|
Contractor description |
- |
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Date struck
off register |
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Personnel (NSSO
classification) |
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|
Code |
- |
|
Description |
- |
Joint Industrial
Committee (JIC)
Annual accounts
there is no data for
this company
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Suspension of
payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment
expectation days |
- |
|
Day sales
outstanding |
- |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average
payment |
194.06 |
|
expectation days |
|
|
Industry average
day sales |
194.73 |
|
outstanding |
|
|
Industry quartile
analysis |
|
|
Payment expectations |
|
|
Company result |
- |
|
Lower |
134.75 |
|
Median |
60.71 |
|
Upper |
28.62 |
Day sales
outstanding
|
Company result |
- |
|
Lower |
131.59 |
|
Median |
86.08 |
|
Upper |
48.13 |
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Summary |
|
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Group -
Number of Companies |
0 |
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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
SHAREHOLDER NAME
|
Forename |
Anish |
Middle name |
- |
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Surname |
Bhansali |
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SHAREHOLDER DETAILS |
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Start date |
30/09/2014(estimated) |
End date |
- |
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Percentage owned |
75% |
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SHAREHOLDER ADDRESS |
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Street name |
- |
House number |
- |
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Minor town |
- |
Postal town |
- |
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Post code |
- |
Country |
India |
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SHAREHOLDER NAME |
|
|
|
|
Forename |
Swapnil |
Middle name |
- |
|
Surname |
Bhansali |
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|
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SHAREHOLDER DETAILS |
|
|
|
|
Start date |
30/09/2014(estimated) |
End date |
- |
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Percentage owned |
25% |
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|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
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Minor town |
- |
Postal town |
- |
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Post code |
- |
Country |
India |
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 |
06/05/2014 |
|
Street |
24 FERDINAND VERBIESTLAAN EDEGEM |
|
Post code |
2650 |
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Country |
Belgium |
|
Name |
Sanjiv Mehta |
Former director
details
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.
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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.
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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.
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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.
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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.
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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.
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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.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
EUR |
1 |
Rs. 72.28 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.