MIRA INFORM REPORT

 

 

Report No. :

306857

Report Date :

05.02.2015

 

IDENTIFICATION DETAILS

 

Name :

MERU GEMS BVBA

 

 

Registered Office :

Schupstraat 1-/7, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

13.11.2014

 

 

Com. Reg. No.:

567963605

 

 

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 :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

Status :

New Business

Payment Behaviour :

Unknown

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank.

 

Source : CIA


Company summary

 

Business number                     567963605

Branche Unit Number               2236657771

Company name                        MERU GEMS BVBA

Address                                   SCHUPSTRAAT 1-/7

2018 ANTWERPEN

Date of establishment               13/11/2014

 

 

Commentary

 

No employees are recorded for this business.

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

The business has been at the address for less than 6 months.

There has been no significant change in the business's credit limit.

The credit rating for this business has decreased from 53 to 34.

 

 

Accounts

 

No key Financials Registered

 

 

Payment EXPECTATIONS

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

124.20

Industry  average  day  sales

181.51

expectation  days

 

outstanding

 

 

 

Company information

 

Business  number

567963605

Company  name

MERU  GEMS  BVBA

Fax  number

-

Date  founded

13/11/2014

Company  status

active

Company  type

Private  Limited  Company (BL/LX)

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.0567.963.605  Check  VAT number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 


Company accounts

 

Annual accounts

There is no data for this company

 

 

Industry comparison

 

Activity code                            46761

Activity description                  Wholesale of diamonds and other precious stones

 

 

Payment Information

 

Industry comparison

Activity code                            46761

Activity description                  Wholesale of diamonds and other precious stones

Industry average payment

expectation days                      124.20

Industry average day sales

Outstanding                             181.51

 

 

Industry quartile analysis

 

Payment expectations

Company result            -

Lower                           120.76

Median                         74.63

Upper                           46.13

 

 

Day sales outstanding

 

Company result            -

Lower                           102.27

Median                         54.08

Upper                           24.18

 

 

Group Structure

No group structure for this company.

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interests found

 

 

Companies that match this address

Business  number

Company  name

Date  of  accounts

473669905

ARSLANIAN  CUTTING  WORKS  INTERNATIONAL  IN  VEREFFENI

31/12/2004

478020354

IMAGE  BVBA

31/12/2013

500940860

SRS  DIAMONDS  BVBA

31/12/2013

864144096

WORLD  BRILLIANT  GEMS  BVBA

31/12/2013

864821316

IMPERIAL  GEMS  IN  VEREFFENING  BVBA

31/12/2007

869807413

D.M.  DIAMONDS  BVBA

31/12/2013

889295505

ANTWERP  CUT  BVBA

31/12/2013

889295505

ANTWERP  CUT  BVBA

31/12/2013

898193274

NEMIDEEP  BVBA

31/03/2014

 

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

 

Name

HIREN  SURESH  CHANDRA  PARIKH

Position

Principal  Manager

Start  Date

13/11/2014

Street

21 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.68

UK Pound

1

Rs.93.53

Euro

1

Rs.70.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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