|
Report No. : |
356113 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARJAV DIAMONDS NV |
|
|
|
|
Registered Office : |
Schupstraat 18 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
22.07.1981 |
|
|
|
|
Com. Reg. No.: |
421848545 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No. of Employee : |
10 |
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 421848545
Branche Unit Number 2021425065
Company name ARJAV DIAMONDS
NV
Address SCHUPSTRAAT 18
2018 ANTWERPEN
Number of staff 10
Date of establishment 22/07/1981
Telephone number 032338090
Fax number 032261321
The business was established over 34 years ago.
The business has 10 employees.
The business is part of a group.
The business has been at the address for over 25 years.
The business saw an increase in their Cash Balance of 45% during the latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
660,188,405 |
580,748 |
113,760,573 |
175,857,054 |
|
31/12/2013 |
584,534,677 |
-28,014,777 |
99,837,062 |
155,572,203 |
|
31/12/2012 |
882,330,871 |
-54,839,353 |
77,605,662 |
2,908,682 |
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
469,789,514 |
10 |
53,680,743 |
402,795 |
|
31/12/2013 |
459,078,925 |
8 |
47,260,693 |
43,600,809 |
|
31/12/2012 |
657,089,429 |
9 |
65,178,173 |
-54,757,447 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
33.46 |
|
Industry average payment |
178.61 |
Industry average day sales |
193.87 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
151.11 |
|
|
BANKRUPTCY DETAILS
Court action type No
PROTESTED BILLS
Bill amount --
NSSO DETAILS
Date of summons –
|
Business number |
421848545 |
Company name |
ARJAV DIAMONDS NV |
|
Fax number |
032261321 |
Date founded |
22/07/1981 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and |
VAT Number |
BE.0421.848.545 Check VAT |
|
|
other precious stones |
|
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) |
|
|
JIC Code |
218 |
|
Description |
Additional national joint
committee for the employees |
|
category |
|
|
JIC Code |
324 |
|
Description |
Joint committee for the
industry and the trade in diamant |
|
|
|
|
SIGNIFICANT
EVENTS |
|
|
Event Date |
12/09/2014 |
|
Event Description |
|
|
Event Details |
Neergelegd: éénparig schriftelijk aandeelhoudersbesluit overeenkomstig art. 556 W.Venn. |
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 |
63,502,519 |
15.79 |
54,842,609 |
-26.73 |
74,849,480 |
64.44 |
45,518,206 |
-22.77 |
58,938,079 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
1,204,524 |
10.12 |
1,093,788 |
-28.20 |
1,523,399 |
25.81 |
1,210,878 |
-24.88 |
1,611,998 |
|
Land & building |
1,046,519 |
12.05 |
933,997 |
-28.46 |
1,305,524 |
27.68 |
1,022,511 |
-23.72 |
1,340,385 |
|
Plant & machinery |
126,812 |
2.41 |
123,829 |
-33.98 |
187,576 |
16.46 |
161,058 |
-31.37 |
234,674 |
|
Furniture & Vehicles |
31,193 |
-13.26 |
35,962 |
18.69 |
30,299 |
10.95 |
27,308 |
-26.07 |
36,939 |
|
Leasing & Other Similar |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
-100 |
1 |
- |
0 |
|
Financial fixed assets |
62,297,995 |
15.91 |
53,748,821 |
-26.70 |
73,326,081 |
65.49 |
44,307,328 |
-22.71 |
57,326,081 |
|
Total current assets |
406,286,995 |
0.51 |
404,236,316 |
-30.57 |
582,239,949 |
16.95 |
497,854,489 |
-14.67 |
583,446,224 |
|
Inventories |
126,687,422 |
-8.19 |
137,988,669 |
-8.06 |
150,083,921 |
-14.12 |
174,756,599 |
-25.66 |
235,073,078 |
|
Raw materials & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
126,687,422 |
-8.19 |
137,988,669 |
-8.06 |
150,083,921 |
-14.12 |
174,756,599 |
-25.66 |
235,073,078 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
273,321,639 |
4.35 |
261,938,313 |
-38.21 |
423,942,679 |
45.99 |
290,391,312 |
-4.17 |
303,014,811 |
|
Other amounts receivable |
137,865 |
37.07 |
100,577 |
-63.47 |
275,307 |
142 |
113,524 |
-99 |
22,120,465 |
|
Cash |
6,025,422 |
45.02 |
4,154,850 |
-46.87 |
7,820,135 |
-75.97 |
32,546,748 |
40.43 |
23,176,329 |
|
Miscellaneous current |
114,647 |
112 |
53,907 |
-54.28 |
117,907 |
154 |
46,306 |
-24.76 |
61,541 |
|
assets |
|
|
|
|
|
|
|
|
|
|
Total Assets |
469,789,514 |
2.33 |
459,078,925 |
-30.13 |
657,089,429 |
20.93 |
543,372,695 |
-15.41 |
642,384,303 |
LIABILITIES
|
Total shareholders equity |
113,760,573 |
13.95 |
99,837,062 |
28.65 |
77,605,662 |
-24.17 |
102,342,866 |
-22.41 |
131,910,265 |
|
Issued share capital |
53,680,743 |
13.58 |
47,260,693 |
-27.49 |
65,178,173 |
29.38 |
50,376,210 |
-22.71 |
65,178,173 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
60,079,830 |
14.27 |
52,576,369 |
323 |
12,427,489 |
-76.09 |
51,966,656 |
-22.13 |
66,732,092 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
356,028,941 |
-0.89 |
359,241,863 |
-38.01 |
579,483,767 |
31.39 |
441,029,829 |
- |
0 |
|
Other long term loans |
125,599,000 |
13.58 |
110,577,750 |
72410 |
152,500 |
-99 |
61,059,100 |
-48.69 |
119,000,000 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
510,474,038 |
|
Total long term debts |
125,599,000 |
13.58 |
110,577,750 |
72410 |
152,500 |
-99 |
61,059,100 |
-90.30 |
629,474,038 |
|
Current portion of long term |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
165,755,388 |
-7.01 |
178,258,459 |
-56.45 |
409,309,442 |
23.47 |
331,517,683 |
-3.50 |
343,536,317 |
|
Trade creditors |
59,609,362 |
-4.95 |
62,715,192 |
480 |
10,810,255 |
-76.00 |
45,043,827 |
6.54 |
42,277,751 |
|
Amounts Payable for |
1,668,938 |
16.77 |
1,429,206 |
1639 |
82,141 |
-86.34 |
601,195 |
-20.56 |
756,760 |
|
Taxes, Remuneration & |
|
|
|
|
|
|
|
|
|
|
Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current |
3,396,253 |
-45.76 |
6,261,256 |
-96.07 |
159,129,429 |
5566 |
2,808,024 |
0.56 |
-505,570,828 |
|
liabilities |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
230,429,941 |
-7.33 |
248,664,113 |
-57.08 |
579,331,267 |
52.47 |
379,970,729 |
319 |
-119,000,000 |
|
Total Liabilities |
469,789,514 |
2.33 |
459,078,925 |
-30.13 |
657,089,429 |
20.93 |
543,372,695 |
-15.41 |
642,384,303 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.09 |
1.88 |
-4.79 |
77.01 |
-6.22 |
-7875 |
0.08 |
-33.33 |
0.12 |
|
Return on capital employed |
0.24 |
1.80 |
-13.31 |
18.87 |
-70.53 |
-19162 |
0.37 |
184 |
0.13 |
|
Return on total assets |
0.12 |
1.97 |
-6.10 |
73.05 |
-8.35 |
-7690 |
0.11 |
-26.67 |
0.15 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Return on net assets |
0.51 |
1.82 |
-28.06 |
39.71 |
-70.66 |
-12076 |
0.59 |
-21.33 |
0.75 |
|
employed |
|
|
|
|
|
|
|
|
|
|
Sales / net working capital |
3.75 |
-0.27 |
3.76 |
-98.76 |
303.34 |
4840 |
6.14 |
420 |
1.18 |
|
Stock turnover ratio |
19.19 |
-18.72 |
23.61 |
38.80 |
17.01 |
-29.54 |
24.14 |
-15.18 |
28.46 |
|
Creditor days |
33.46 |
-11.88 |
37.97 |
743 |
4.50 |
-80.58 |
23.17 |
21.25 |
19.11 |
|
Debtor days |
151.11 |
-7.61 |
163.56 |
-6.74 |
175.38 |
19.80 |
146.39 |
9.33 |
133.90 |
|
SHORT
TERM STABILITY |
|||||||||
|
Current ratio |
1.76 |
7.98 |
1.63 |
61.39 |
1.01 |
-22.90 |
1.31 |
26.73 |
-4.90 |
|
Liquidity ratio / acid ratio |
1.21 |
13.08 |
1.07 |
42.67 |
0.75 |
-11.76 |
0.85 |
29.01 |
-2.93 |
|
Current debt ratio |
2.03 |
-18.47 |
2.49 |
-66.67 |
7.47 |
101 |
3.71 |
412 |
-0.90 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
402,795 |
-99 |
43,600,809 |
79.63 |
-54,757,447 |
-12773 |
432,074 |
-32.89 |
643,858 |
|
Net worth |
113,760,573 |
13.95 |
99,837,062 |
28.65 |
77,605,662 |
-24.17 |
102,342,866 |
-22.41 |
131,910,265 |
|
LONG
TERM STABILITY |
|||||||||
|
Gearing |
256.11 |
-11.48 |
289.31 |
-45.17 |
527.62 |
37.55 |
383.59 |
9.40 |
350.64 |
|
Equity in percentage |
24.22 |
11.36 |
21.75 |
84.17 |
11.81 |
-37.28 |
18.83 |
-8.28 |
20.53 |
|
Total debt ratio |
3.13 |
-13.06 |
3.60 |
-51.81 |
7.47 |
73.32 |
4.31 |
11.37 |
3.87 |
|
Working capital |
175,857,054 |
13.04 |
155,572,203 |
5248 |
2,908,682 |
-97.53 |
117,883,760 |
-83.22 |
702,446,224 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
660,217,993 |
12.94 |
584,572,121 |
-33.75 |
882,341,162 |
21.85 |
724,095,536 |
-12.36 |
826,261,766 |
|
Turnover |
660,188,405 |
12.94 |
584,534,677 |
-33.75 |
882,330,871 |
21.86 |
724,050,707 |
-12.34 |
826,021,237 |
|
Total operating expenses |
650,211,413 |
7.87 |
602,800,773 |
-31.25 |
876,750,349 |
23.54 |
709,686,565 |
-12.11 |
807,479,710 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
650,241,001 |
7.86 |
602,838,217 |
-31.24 |
876,760,640 |
23.53 |
709,731,393 |
-12.13 |
807,720,239 |
|
Employee costs |
568,370 |
25.41 |
453,215 |
-22.43 |
584,302 |
34.63 |
433,995 |
-14.20 |
505,837 |
|
Wages and salary |
423,750 |
24.22 |
341,118 |
- |
- |
- |
324,354 |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security |
131,153 |
27.12 |
103,170 |
- |
- |
- |
93,111 |
- |
- |
|
contributions |
|
|
|
|
|
|
|
|
|
|
Other employee costs |
13,466 |
50.85 |
8,927 |
- |
0 |
-100 |
16,530 |
- |
0 |
|
Director remuneration |
216,863 |
12.29 |
193,128 |
- |
- |
- |
214,702 |
- |
- |
|
Amortization and |
41,483 |
16.48 |
35,613 |
-30.17 |
51,001 |
19.57 |
42,652 |
-35.30 |
65,918 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
9,976,992 |
54.62 |
-18,266,096 |
-427 |
5,580,522 |
-61.15 |
14,364,142 |
-22.53 |
18,541,527 |
|
Total financial income |
2,499,131 |
2268 |
105,527 |
95.50 |
53,977 |
-90.12 |
546,535 |
-1.31 |
553,796 |
|
Total financial expenses |
11,895,374 |
20.71 |
9,854,208 |
-83.71 |
60,473,852 |
322 |
14,305,915 |
-21.01 |
18,110,116 |
|
Results on ordinary |
580,748 |
2.07 |
-28,014,777 |
51.09 |
-54,839,353 |
-9167 |
604,762 |
-38.62 |
985,207 |
|
operations before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
72,957,664 |
- |
- |
- |
30,896 |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
-100 |
72,957,664 |
- |
0 |
-100 |
30,896 |
- |
0 |
|
Results for the Year Before
Taxation |
580,748 |
-98.71 |
44,942,886 |
81.95 |
-54,839,353 |
-8727 |
635,658 |
-35.48 |
985,207 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
219,437 |
-84.07 |
1,377,690 |
4457 |
-30,905 |
-112 |
246,236 |
-39.54 |
407,267 |
|
Results on ordinary |
361,311 |
1.23 |
-29,392,467 |
53.63 |
-54,808,448 |
-15387 |
358,526 |
-37.96 |
577,940 |
|
operations after taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
361,312 |
-99 |
43,565,196 |
79.49 |
-54,808,448 |
-14174 |
389,422 |
-32.62 |
577,940 |
|
Profit (Loss) for the Year
to be appropiated |
361,312 |
-99 |
43,565,196 |
79.49 |
-54,808,448 |
-14174 |
389,422 |
-32.62 |
577,940 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
During the reporting year |
|
|
ended 31-12-2014 |
|
|
Full-time Employees |
8 |
|
Part-time Employees |
3 |
|
Total Fte Employees |
10 |
|
Number of hours worked |
|
|
Full-time Employees |
13,887 |
|
Part-time Employees |
2,882 |
|
Total |
16,769 |
|
Personnel Charges |
|
|
Full-time Employees |
520,205 |
|
Part-time Employees |
48,166 |
|
Total |
568,370 |
|
Benefits In Addition To Wages |
- |
|
During the previous reporting year |
|
|
Average number employees in Fte |
9 |
|
Actual working hours |
15,666 |
|
Personnel Charges |
453,215 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration |
8 |
3 |
10 |
|
Contracts |
|
|
|
|
Limited Duration Contracts |
- |
- |
- |
|
Contracts For Specific Work |
- |
- |
- |
|
Contracts Regarding |
- |
- |
- |
Gender and Education Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
5 |
- |
5 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
2 |
3 |
4 |
|
Higher education (non university) |
1 |
- |
1 |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
7 |
1 |
8 |
|
Blue collar worker |
1 |
2 |
3 |
|
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 |
1 |
1 |
2 |
|
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 |
- |
- |
Activity code 46761
Activity description Wholesale of
diamonds and other precious stones
industry average credit
rating 68.17
Industry average credit limit 216714.34
SUSPENSION OF PAYMENTS / MORATORIUM
HISTORY
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment expectation days |
33.46 |
|
Day sales outstanding |
151.11 |
|
INDUSTRY
COMPARISON |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average payment |
178.61 |
|
expectation days |
|
|
Industry average day sales |
193.87 |
|
outstanding |
|
PAYMENT EXPECTATIONS
Company result 33.46
Lower 130.57
Median 59.68
Upper 28.62
DAY SALES OUTSTANDING
Company result 151.11
Lower 131.59
Median 84.51
Upper 46.77
|
SUMMARY |
|
|
Group - Number of Companies |
3 |
|
Linkages - Number of Companies |
1 |
|
Number of Countries |
1 |
GROUP STRUCTURE
|
Company
name |
Number |
Latest financials |
|
- ARJAV DIAMONDS NV |
421848545 |
31-12-2014 |
|
- - LUMINIS STAR NV |
881553816 |
31-12-2014 |
|
- - ARJAV DIAMONDS INDIA PVT LTD SOC.ETR. E.... |
|
|
MINORITY
SHAREHOLDERS
No minority shareholders found
MINORITY INTERESTS
|
Business number |
Company name |
Date of accounts |
|
887714306 |
ARJAV BIDS NV |
31/12/2014 |
INDIVIDUAL
SHAREHOLDERS
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Ashit |
Middle name |
- |
|
Surname |
Metha |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
28/10/2010(estimated) |
End date |
- |
|
Percentage owned |
49.5% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Della Faillelaan |
House number |
19 |
|
Minor town |
Wilrijk |
Postal town |
Antwerpen |
|
Post code |
2610 |
Country |
Belgium |
SHAREHOLDER NAME
|
Forename |
Arjav |
Middle name |
- |
|
Surname |
Mehta |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
28/10/2010(estimated) |
End date |
- |
|
Percentage owned |
46.09% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Della Faillelaan |
House number |
19 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2020 |
Country |
Belgium |
SUMMARY
Group
- Number of Companies 3
Linkages
- Number of Companies 1
Number
of Countries 1
LINKED COMPANIES
|
NAME |
NUMBER |
LATEST KEY |
TURNOVER |
|
|
|
FINANCIALS |
|
|
ARJAV BIDS NV |
887714306 |
31.12.2014 |
€1.691.422 |
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 |
Managing Director |
|
Start Date |
01/04/2008 |
|
Street |
19 DELLA FAILLELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
Arjav Mehta |
|
Position |
Director |
|
Start Date |
01/04/2008 |
|
Street |
19 DELLA FAILLELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
Name |
Ashit Mehta |
|
Position |
Managing Director |
|
Start Date |
27/06/1996 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Position |
Director |
|
Start Date |
27/06/1996 |
|
Street |
|
|
Post code |
|
|
Country |
|
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.
-
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs.72.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.