MIRA INFORM REPORT

 

 

Report No. :

356549

Report Date :

26.12.2015

 

IDENTIFICATION DETAILS

 

Name :

TRILLION STAR BVBA

 

 

Registered Office :

Hoveniersstraat 53-Bus 15, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

16.03.2010

 

 

Com. Reg. No.:

824078247

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale of diamonds and other precious stones.

 

 

No. of Employees :

Not Available

 

 

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

 

Company summary

 

Business number                     824078247

Branche Unit Number               2186329916

Company name                        TRILLION STAR BVBA

Address                                   HOVENIERSSTRAAT 53-BUS 15

2018 ANTWERPEN

Number of staff                        -

Date of establishment   16/03/2010

Telephone number                   032270472

Fax number                              032270472

 

 

Commentary

 

The business was established over 5 years ago.

No employees are recorded for this business.

The business has been at the address for over 2 years.

Operating Result in the latest trading period increased 93% on the previous trading period.

Pre-tax profits increased by 55% compared to the previous trading period.

The business saw an increase in their Cash Balance of 4449% during the latest trading period.

Turnover in the latest trading period increased 304% on the previous trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/03/2015

52,306,126

84,079

1,748,582

1,750,566

31/12/2013

12,933,341

54,021

1,674,983

1,658,301

31/12/2012

10,644,200

26,342

1,622,353

1,603,880

 

 

 

 

 

ACCOUNTS

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/03/2015

8,187,339

-

1,582,444

80,929

31/12/2013

7,558,470

-

1,582,444

56,322

31/12/2012

4,745,058

-

1,582,444

26,533

 

 

Payment expectations

 

Past payments

 

Payment expectation days

44.58

 

Industry average payment expectation days

178.32

Industry average day sales outstanding

193.87

 

Day sales outstanding

36.30

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

no

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  number

824078247

Company  name

TRILLION  STAR  BVBA

Fax  number

032270472

Date  founded

16/03/2010

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/03/2015

Activity  code

46761

Liable  for  VAT

yes

Activity  description

Wholesale  of  diamonds  and other  precious  stones

VAT  Number

BE.0824.078.247  Check  VAT number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Joint  Industrial  Committee  (JIC)

 

Significant  Events

 

Event  Date

06/04/2010

Event  Description

Registered  as  a  Diamond  Trader

Event  Details

 

Event  Date

16/03/2010

Event  Description

Legal  creation

 

 

Company accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

 

Annual  accounts

31-03-2015

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

65

 

52

 

52

 

52

 

41

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

48,016

187

16,683

-9.69

18,473

392

3,753

-5.88

3,988

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

44,641

235

13,308

-14.00

15,473

1954

753

-23.76

988

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

37,059

1210

2,828

35.00

2,095

-

0

-

0

Furniture  &  Vehicles

7,581

-27.66

10,480

-21.67

13,379

1676

753

-23.76

988

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

3,375

0

3,375

12.50

3,000

0

3,000

0

3,000

Total  current  assets

8,139,323

7.92

7,541,787

59.56

4,726,585

85.95

2,541,796

877

260,132

Inventories

2,595,466

-36.54

4,089,893

3.24

3,961,379

78.72

2,216,564

9244

23,720

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

2,595,466

-36.54

4,089,893

3.24

3,961,379

-

0

-

0

Other  stocks

0

-

0

-

0

-100

2,216,564

9244

23,720

Trade  debtors

5,202,035

51.70

3,429,060

356

751,561

135

318,655

36.22

233,929

Other  amounts  receivable

21,142

530

3,351

-47.65

6,401

227

1,952

689

247

Cash

302,950

4449

6,659

28.26

5,192

12.23

4,626

106

2,235

Miscellaneous  current  assets

17,730

38.26

12,824

524

2,053

205255

-1

-

0

Total  Assets

8,187,339

8.32

7,558,470

59.29

4,745,058

86.41

2,545,549

863

264,119

Liabilities

Total  shareholders  equity

1,748,582

4.39

1,674,983

3.24

1,622,353

4835

32,870

274

8,789

Issued  share  capital

1,582,444

0

1,582,444

0

1,582,444

8407

18,600

0

18,600

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

166,138

79.53

92,539

131

39,909

179

14,270

145

-9,811

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

6,438,757

9.44

5,883,486

88.41

3,122,705

24.28

2,512,679

884

255,331

Other  long  term  loans

50,000

-

0

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

50,000

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

1,839

1015

165

-95.13

3,386

1021

302

149

121

Trade  creditors

6,372,316

9.81

5,803,098

91.25

3,034,339

246

874,856

248

251,144

Amounts  Payable  for  Taxes,

8,540

321

2,028

-46.52

3,792

-46.61

7,102

-

0

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

6,061

-92.25

78,195

-3.69

81,188

-95.02

1,630,419

39998

4,066

Total  current  liabilities

6,388,757

8.59

5,883,486

88.41

3,122,705

24.28

2,512,679

884

255,331

Total  Liabilities

8,187,339

8.32

7,558,470

59.29

4,745,058

86.41

2,545,549

863

264,119

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.16

-61.90

0.42

68.00

0.25

-

-

-

-

Return  on  capital  employed

4.67

44.58

3.23

99

1.62

-98.29

94.80

84.92

-111.64

Return  on  total  assets  employed

1.03

45.07

0.71

26.79

0.56

-54.10

1.22

32.88

-3.71

Return  on  net  assets  employed

4.81

48.92

3.23

99

1.62

-98.29

94.80

84.92

-111.64

Sales  /  net  working  capital

29.88

283

7.80

17.47

6.64

-

-

-

-

Stock  turnover  ratio

4.96

-84.31

31.62

-15.05

37.22

-

-

-

-

Creditor  days

44.58

-72.93

164.68

57.66

104.45

-

-

-

-

Debtor  days

36.30

-62.49

96.77

275

25.77

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.27

-0.78

1.28

-15.23

1.51

49.50

1.01

-0.98

1.02

Liquidity  ratio  /  acid  ratio

0.87

47.46

0.59

136

0.25

92.31

0.13

-86.02

0.93

Current  debt  ratio

3.65

3.99

3.51

82.81

1.92

-97.49

76.44

163

29.05

 

Liquidity  ratio  reprocessed

-

-

-

-

-

 

-

-

-

Cashflow

80,929

43.69

56,322

112

26,533

9.12

24,316

283

-8,579

Net  worth

1,748,582

4.39

1,674,983

3.24

1,622,353

4835

32,870

274

8,789

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

2.96

29500

0.01

-95.24

0.21

-77.17

0.92

-33.33

1.38

Equity  in  percentage

21.36

-3.61

22.16

-35.19

34.19

2550

1.29

-61.26

3.33

Total  debt  ratio

3.68

4.84

3.51

82.81

1.92

-97.49

76.44

163

29.05

Working  capital

1,750,566

5.56

1,658,301

3.39

1,603,880

5408

29,117

506

4,801

 

 

PROFIT & LOSS

 

Operating  Income

52,306,374

304

12,933,589

21.50

10,644,919

-

-

-

-

Turnover

52,306,126

304

12,933,341

21.51

10,644,200

-

-

-

-

Total  operating  expenses

52,168,335

305

12,862,247

21.30

10,603,691

-

-

-

-

Gross  Operating  Margin

-

-

-

-

-

-

38,340

502

-7,634

Operating  Charges

52,168,583

305

12,862,495

21.29

10,604,411

-

-

-

-

Employee  costs

1,680

1659

95

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

1,680

1659

95

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

7,330

98.53

3,692

313

894

280

235

-80.93

1,232

Operating  result

137,792

93.82

71,094

75.51

40,508

9.11

37,126

401

-9,236

Total  financial  income

476

266

130

1100

11

-77.00

47

-

-

Total  financial  expenses

54,188

214

17,203

21.35

14,177

135

6,012

945

575

Results on ordinary operations before taxation

84,079

55.64

54,021

105

26,342

-15.46

31,161

317

-9,811

 

 

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

0

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

84,079

55.64

54,021

105

26,342

-15.46

31,161

317

-9,811

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

10,481

653

1,391

97.83

703

-90.07

7,080

-

-

Results  on  ordinary  operations  after  taxation

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

Net  result

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

Profit  (Loss)  for  the  Year  to  be  appropiated

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

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

178.32

Industry average day sales outstanding

193.87

 

Industry quartile analysis

 

Payment expectations

 

Company result

44.58

Lower

130.57

Median

59.68

Upper

28.62

 

 

Day sales outstanding

 

Company result

36.30

Lower

131.59

Median

84.51

Upper

46.77

 

 

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

No companies match this address

 

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

01/01/2012

Street

8 QUINTEN  MATSIJSLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Name

Anilkumar  Bhikadiya

 

 

FORMER  DIRECTOR  DETAILS

 

Name

Sanjiv  Kothari

Position

Manager

Start  Date

17/05/2010

End  Date

31/03/2014

Street

4 ANDREAS  VESALIUSLAAN  EDEGEM

Post  code

2650

Country

Belgium

Name

Mavjibhai  Savani

Position

Manager

Start  Date

16/03/2010

End  Date

17/05/2010

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

EURO

1

Rs.72.55

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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.