MIRA INFORM REPORT

 

 

Report No. :

309330

Report Date :

24.02.2015

 

IDENTIFICATION DETAILS

 

Name :

DIACORP BVBA

 

 

Registered Office :

Hoveniersstraat  2-Bus 125, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

11.02.2014

 

 

Com. Reg. No.:

546680023

 

 

Legal Form :

Private Limited company

 

 

LINE OF BUSINESS :

WHOLESALER 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

546680023

Branche  Unit  Number

2228251435

Company  name

DIACORP  BVBA

Address

HOVENIERSSTRAAT  2-BUS  125

 

2018 ANTWERPEN

Date of establishment

11/02/2014

 

 

Commentary

 

No employees are recorded for this business.

The business has changed its registered name recently.

The business has been at the address for over 12 months.

 

 

Accounts

 

No key Financials Registered

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

expectation  days

126.89

Industry  average  day  sales

outstanding

186.01

 

 

Court Data Summary

 

BANKRUPTCY DETAILS

Court action type                      No

PROTESTED BILLS

Bill amount                              -

NSSO DETAILS

Date of summons                     -

 

 

Company information

 

Business  number

546680023

Company  name

DIACORP  BVBA

Fax  number

 

Date  founded

11/02/2014

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.0546.680.023 

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

industry  average  credit rating

64.48

Industry Average Credit Limit

140177.31

 

 

Payment Information

 

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

expectation  days

126.89

Industry  average  day  sales

outstanding

186.01

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

-

Lower

120.44

Median

74.63

Upper

45.81

 

 

Day Sales Outstanding

 

Company  result

-

Lower

101.92

Median

54.07

Upper

24.07

 

 

Shareholders details

 

Summary

 

Group  -  Number  of  Companies

0

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

 

Companies that match this address

No Companies Match this address

 

 

Linked Companies

 

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

 

 

Director details

 

Current Director Details

 

Name

UJWAL  SHAH

Position

Principal  Manager

Start  Date

11/02/2014

Street

8 GOUDVINKLAAN  ANTWERPEN

Post  code

2610

Country

Belgium

 

 

Name

ANKURKUMAR  SHAH

Position

Principal  Manager

Start  Date

01/03/2014

Street

-

Post  code

-

Country

-

 

 

Name

SONGKRAN  SAMRANPHUM

Position

Principal  Manager

Start  Date

11/02/2014

Street

-

Post  code

-

Country

-

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.18

UK Pound

1

Rs.95.71

Euro

1

Rs.70.76

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

               

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.