MIRA INFORM REPORT

 

 

Report No. :

355441

Report Date :

21.12.2015

 

IDENTIFICATION DETAILS

 

Name :

OM CORPORATION EBVBA

 

 

Registered Office :

Hoveniersstraat 12, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

15.10.1987

 

 

Com. Reg. No.:

432216063

 

 

Legal Form :

Single-Person Limited Liability Company

 

 

LINE OF BUSINESS :

WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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

Company summary

 

Business number                     432216063

Branche Unit Number               2030996886

Company name                        OM CORPORATION EBVBA

Address                                   HOVENIERSSTRAAT 12

2018 ANTWERPEN

Number of staff                        -

Date of establishment               15/10/1987

Telephone number                   032317641

Fax number                              032343259

 

 

Commentary

 

The business was established over 28 years ago.

No employees are recorded for this business.

The business has been at the address for over 27 years.

Operating Result in the latest trading period decreased 217% on the previous trading period.

Pre-tax profits decreased by 623% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 35% during the latest trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2014

 

-123,267

1,842,018

2,522,412

31/12/2013

 

23,558

1,965,849

2,562,229

31/12/2012

 

-10,946

1,939,476

2,586,448

 

 

 

 

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2014

3,286,322

-

18,600

-116,759

31/12/2013

3,516,337

-

18,600

31,366

31/12/2012

3,171,003

-

18,600

67,467

 

 

Payment expectations

 

Past payments

 

Payment expectation days

--

 

Industry average payment expectation days

188.05

Industry average day sales outstanding

194.92

 

Day sales outstanding

--

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

no

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  number

432216063

Company  name

OM  CORPORATION  EBVBA

Fax  number

032343259

Date  founded

15/10/1987

Company  status

active

Company  type

Single-person  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.0432.216.063  Check  VAT number

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Company accounts

 

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

25,680

-18.80

31,627

1049

2,752

-12.22

3,135

30.09

2,410

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

24,180

-19.74

30,127

2306

1,252

-23.43

1,635

79.71

910

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

1,336

829

144

-69.68

474

-58.45

1,141

28.28

890

Furniture  &  Vehicles

22,844

-23.81

29,983

3755

778

57.57

494

2372

20

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

1,500

0

1,500

0

1,500

0

1,500

0

1,500

Total  current  assets

3,260,642

-6.43

3,484,710

9.99

3,168,251

-4.60

3,321,135

22.01

2,721,970

Inventories

779,835

-15.69

924,948

-27.72

1,279,612

27.94

1,000,137

-17.29

1,209,174

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

779,835

-15.69

924,948

-27.72

1,279,612

27.94

1,000,137

-17.29

1,209,174

Trade  debtors

1,853,163

5.08

1,763,608

26.18

1,397,723

-21.72

1,785,484

92.55

927,289

Other  amounts  receivable

301,420

4.71

287,863

6.00

271,571

22.40

221,877

22.82

180,654

Cash

324,852

-35.60

504,412

133

215,681

-30.96

312,381

-22.58

403,468

Miscellaneous  current  assets

1,373

-64.62

3,880

5.87

3,665

191

1,256

-9.36

1,386

Total  Assets

3,286,322

-6.54

3,516,337

10.89

3,171,003

-4.61

3,324,270

22.02

2,724,380

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

1,842,018

-6.30

1,965,849

1.36

1,939,476

3.55

1,873,011

1.73

1,841,092

Issued  share  capital

18,600

0

18,600

0

18,600

0

18,600

0

18,600

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

1,823,418

-6.36

1,947,249

1.37

1,920,876

3.58

1,854,411

1.75

1,822,492

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

1,444,304

-6.85

1,550,488

25.90

1,231,527

-15.14

1,451,258

64.30

883,287

Other  long  term  loans

369,199

11.39

331,436

-2.44

339,734

-1.93

346,429

3.27

335,462

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

336,875

13.59

296,570

-4.33

309,989

-1.93

316,099

3.27

306,092

Total  long  term  debts

706,074

12.43

628,006

-3.34

649,723

-1.93

662,528

3.27

641,554

Current  portion  of  long  term  debt

6,409

-57.38

15,038

-

0

-

0

-

0

Financial  debts

329,462

-41.85

566,561

120

257,380

-37.66

412,833

187

143,384

Trade  creditors

401,763

18.84

338,067

4.73

322,789

-13.80

374,483

283

97,548

Amounts  Payable  for  Taxes,

342

-77.49

1,520

26.39

1,203

212

384

-52.02

801

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

253

-80.46

1,295

200

431

-58.13

1,030

-

0

Total  current  liabilities

738,230

-19.97

922,481

58.56

581,804

-26.24

788,731

226

241,733

Total  Liabilities

3,286,322

-6.54

3,516,337

10.89

3,171,003

-4.61

3,324,270

22.02

2,724,380

 

RATIO  ANALYSIS

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

-4.84

-631

0.91

216

-0.42

-133

1.26

121

0.57

Return  on  total  assets  employed

-3.75

-659

0.67

191

-0.35

-136

0.96

84.62

0.52

Return  on  net  assets  employed

-6.69

-657

1.20

214

-0.56

-132

1.70

120

0.77

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

4.42

16.93

3.78

-30.64

5.45

29.45

4.21

-62.61

11.26

Liquidity  ratio  /  acid  ratio

3.36

21.30

2.77

-14.77

3.25

10.54

2.94

-53.04

6.26

Current  debt  ratio

0.40

-14.89

0.47

56.67

0.30

-28.57

0.42

223

0.13

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

-116,759

-472

31,366

-53.51

67,467

106

32,678

116

15,074

Net  worth

1,842,018

-6.30

1,965,849

1.36

1,939,476

3.55

1,873,011

1.73

1,841,092

Gearing

38.28

-17.57

46.44

50.83

30.79

-24.05

40.54

55.86

26.01

Equity  in  percentage

56.05

0.25

55.91

-8.58

61.16

8.56

56.34

-16.63

67.58

Total  debt  ratio

0.78

-1.27

0.79

25.40

0.63

-18.18

0.77

60.42

0.48

Working  capital

2,522,412

-1.55

2,562,229

-0.94

2,586,448

2.13

2,532,404

2.10

2,480,237

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

81,274

3.05

78,867

187

27,413

-58.28

65,710

47.68

44,496

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

0

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

7,073

41.66

4,993

398

1,002

32.05

759

-14.27

885

Operating  result

-83,819

-217

71,374

191

24,475

-61.34

63,309

50.63

42,029

Total  financial  income

64

88.38

34

80.51

19

216

6

-98.97

574

Total  financial  expenses

39,511

-17.43

47,850

35.02

35,439

12.88

31,396

10.59

28,390

Results  on  ordinary  operations  before  taxation

-123,267

-623

23,558

215

-10,946

-134

31,919

124

14,214

Extraordinary  Income

-

-

2,984

-96.15

77,481

-

-

-

-

Extraordinary  Charges

509

-

-

-

-

-

-

-

-

Extraordinary  items

-509

-117

2,984

-96.15

77,481

-

0

-

0

Results  for  the  Year  Before  Taxation

-123,775

-566

26,542

-60.11

66,535

108

31,919

124

14,214

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

56

-66.76

169

140

70

-

-

-

25

Results  on  ordinary  operations  after  taxation

-123,323

-627

23,389

212

-11,016

-134

31,919

124

14,189

Net  result

-123,832

-569

26,373

-60.32

66,465

108

31,919

124

14,189

Profit  (Loss)  for  the  Year  to  be  appropiated

-123,832

-569

26,373

-60.32

66,465

108

31,919

124

14,189

Dividends

-

-

-

-

-

-

-

-

-

 

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

 

Payment expectations

 

Industry comparison

 

Activity code

46761

Activity description

Wholesale of diamonds and other precious stones

Industry average payment expectation days

188.05

Industry average day sales outstanding

194.92

 

Industry quartile analysis

 

Payment expectations

 

Company result

--

Lower

132.91

Median

60.64

Upper

29.07

 

 

Day sales outstanding

 

Company result

--

Lower

132.02

Median

85.12

Upper

47.22

 

 

Shareholder details

 

Group Structure

No group structure for this company.

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interest found

 

Companies That Match This Address

BUSINESS  NUMBER

 

COMPANY  NAME

DATE  OF  ACCOUNTS

460934991

SIDDHI  GEMS  EBVBA

31/12/2014

882990109

PRIME  INTERNATIONAL  BVBA

31/12/2014

864728769

LASER  EDGE  SERVICES  BVBA

31/12/2014

434835855

PATHY'S  JEWELS  BVBA

-

880557981

DHARMA  DIAMONDS  BVBA

31/12/2014

430729290

NATIONAL  GEMS  CORP  BVBA

-

464983752

VAMA  GEMS  BVBA

31/12/2014

880206209

VS  DIAMOND  BVBA

31/12/2014

451058314

SOHAMDIAM  EBVBA

31/12/2014

873988410

DEV  GEMS  BVBA

31/12/2014

460205117

K.  VIJAY  BVBA

31/12/2014

439576482

ROOTSDIAM  BVBA

31/12/2014

463048603

VISHAL  JEWELS  BVBA

31/12/1999

504992490

STROSBERG  IDALINE,  STROSBERG  SOLANGE  EN  STROSBERG

-

846748335

DD  DIAMONDS  BVBA

31/12/2014

877817435

SHRUTI  GEMS  BVBA

31/12/2014

477644727

JIGDIAM  NV

31/12/2014

434805963

TRANSLLOYD  REIZEN  NV

31/12/2014

836780594

MADHAV  DIAM  BVBA

30/06/2014

451565385

SEGA  DIAM  EBVBA

31/12/2013

440323184

BELGIAN  DIAMOND  SERVICES  CV

-

465467564

MINESTAR  EBVBA

31/12/2014

427399420

WHITE  GEMS  BVBA

-

 

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

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Position

Manager

Start  Date

01/10/2006

Street

38 QUINTEN  MATSIJSLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

Seema  Jhaveri

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.42

UK Pound

1

Rs.99.17

Euro

1

Rs.72.14

EURO

1

Rs.71.96

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.