MIRA INFORM REPORT

 

 

Report No. :

310047

Report Date :

28.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SHAYONA  BVBA

 

 

Registered Office :

Hoveniersstraat  40-Bus 32 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

26.04.1982

 

 

Com. Reg. No.:

422692940

 

 

Legal Form :

Private  Limited  Company (BL/LX)

 

 

Line of Business :

Wholesale of diamonds and other precious stones.

 

 

No. of Employee :

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 – 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

422692940

Branche  Unit  Number

2020477732

Company  name

SHAYONA  BVBA

Address

HOVENIERSSTRAAT  40-BUS  32

 

2018 ANTWERPEN

Number  of  staff

0

Date  of  establishment

26/04/1982

Telephone  number

036087876

Fax  number

032318653

 

 

Commentary

 

The business was established over 32 years ago.

The business has 1 employees.

The business has been at the address for over 3 years.

Operating Result in the latest trading period decreased 178% on the previous trading period.

Net Worth increased by 39% during the latest trading period.

A 29% decline in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 97% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 47% during the latest trading period.

Turnover in the latest trading period increased 27% on the previous trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

15,991,654

25,890

93,073

91,231

31/12/2012

12,532,587

13,103

66,943

64,366

31/12/2011

10,512,192

117,307

57,054

54,334

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

7,179,638

0

18,592

27,606

31/12/2012

10,125,906

0

18,592

11,118

31/12/2011

8,566,472

0

18,592

118,910

 

 

Trends

 

Profitability

Liquidity

Net worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

115.46

Industry  average  payment

126.94

Industry  average  day  sales

186.05

expectation  days

 

outstanding

 

Day  sales  outstanding

107.76

 

 

 

 

Court data summary

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                                -

 

NSSO DETAILS

Date of summons                     -

 

 

Company information

 

Business  number

422692940

Company  name

SHAYONA  BVBA

Fax  number

032318653

Date  founded

26/04/1982

Company  status

active

Company  type

Private  Limited  Company

 

 

 

(BL/LX)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

46761

Liable  for  VAT

yes

Activity  description

Wholesale  of  diamonds  and

VAT  Number

BE.0422.692.940  Check  VAT

 

other  precious  stones

 

number

Belgian Bullettin of Acts Publications

moniteur belge

 

 

 

 

Contractor details

 

Registered contractor

Number                                    -

Contractor description             -

Date struck off register

 

PERSONNEL (NSSO CLASSIFICATION)

 

Code                            -

Description                  -

           

JOINT INDUSTRIAL COMMITTEE (JIC)

 

 

Company accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

 

%

31-12-2009

Weeks

52

 

52

 

52

 

52

 

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

 

EUR

Total  fixed  assets

1,842

-28.52

2,577

-5.26

2,720

-

-

 

-

3,583

Intangible  fixed  assets

0

-

0

-

0

-

0

 

-

0

Tangible  fixed  assets

1,842

-28.52

2,577

-5.26

2,720

-

-

 

-

-

Land  &  building

-

-

-

-

-

-

-

 

-

-

Plant  &  machinery

-

-

663

-50.04

1,327

-

-

 

-

-

Furniture  &  Vehicles

1,842

-3.76

1,914

37.40

1,393

-

-

 

-

-

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

 

-

-

Other  tangible  assets

0

-

0

-

0

-

0

 

-

0

Financial  fixed  assets

-

-

-

-

-

-

-

 

-

3,583

Total  current  assets

7,177,796

-29.10

10,123,329

18.21

8,563,752

61.95

 

5,287,816

16.35

4,544,784

Inventories

1,919,684

-68.17

6,031,352

-5.77

6,400,717

75.26

 

3,652,088

21.74

2,999,967

Raw  materials  &  consumables

-

-

-

-

-

-

-

 

-

-

Work  in  progress

0

-

0

-

0

-

0

 

-

0

Finished  goods

0

-

0

-

0

-

0

 

-

0

Other  stocks

1,919,684

-68.17

6,031,352

-5.77

6,400,717

75.26

 

3,652,088

21.74

2,999,967

Trade  debtors

4,721,174

32.13

3,573,147

85.57

1,925,530

25.73

 

1,531,503

3.56

1,478,857

Other  amounts  receivable

526,777

5.47

499,452

751

58,653

1037

5,156

 

-87.67

41,808

Cash

10,161

-47.56

19,378

-89.17

178,852

80.53

99,069

 

310

24,152

Miscellaneous  current  assets

0

-

0

-

0

-

0

 

-

0

Total  Assets

7,179,638

-29.10

10,125,906

18.20

8,566,472

62.00

 

5,287,816

16.26

4,548,367

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

 

93,073

39.03

66,943

17.33

57,054

93.77

-60,845

61.37

-99,146

Issued  share  capital

 

18,592

0

18,592

0

18,592

0

18,592

0

18,592

 

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

74,481

54.04

48,351

25.71

38,462

48.42

-79,437

67.47

-117,738

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

7,086,565

-29.55

10,058,963

18.21

8,509,418

59.09

5,348,661

15.09

4,647,513

Other  long  term  loans

-

-

-

-

-

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

1,631,515

700

203,890

-17.32

246,605

27.09

194,033

0

194,033

Trade  creditors

5,089,327

-47.34

9,663,878

20.12

8,045,266

64.84

4,880,772

16.24

4,198,908

Amounts  Payable  for  Taxes,

-

-

3,296

278

870

-

-

-

25

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

365,723

94.64

187,899

-13.28

216,677

-20.88

273,856

7.59

254,547

Total  current  liabilities

7,086,565

-29.55

10,058,963

18.21

8,509,418

59.09

5,348,661

15.09

4,647,513

Total  Liabilities

7,179,638

-29.10

10,125,906

18.20

8,566,472

62.00

5,287,816

16.26

4,548,367

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.16

60.0

0.10

-91.07

1.12

-7.44

1.21

51.49

-2.35

Return  on  capital  employed

27.82

42.16

19.57

-90.48

205.61

329

-62.41

-684

10.67

Return  on  total  assets  employed

0.36

176

0.13

-90.51

1.37

90.28

0.72

313

-0.23

Return  on  net  assets  employed

27.82

42.16

19.57

-90.48

205.61

329

-62.41

-684

10.67

Sales  /  net  working  capital

175.29

-9.97

194.71

0.64

193.47

375

-51.57

-1074

-4.39

Stock  turnover  ratio

12.00

-75.07

48.13

-20.96

60.89

-47.68

116.39

-82.51

665.52

Creditor  days

115.46

-59.38

284.27

0.38

283.20

-50.97

577.62

-82.62

3,323.25

Debtor  days

107.76

3.56

104.06

55.64

66.86

-62.47

178.15

-85.12

1,197.46

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.01

0

1.01

0

1.01

2.02

0.99

1.02

0.98

Liquidity  ratio  /  acid  ratio

0.74

80.49

0.41

64.00

0.25

-19.35

0.31

-6.06

0.33

Current  debt  ratio

76.14

-49.33

150.26

0.74

149.15

169

-87.91

-87.52

-46.88

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

27,606

148

11,118

-90.65

118,910

210

38,301

362

-10,576

Net  worth

93,073

39.03

66,943

17.33

57,054

93.77

-60,845

61.37

-99,146

LONG TERM STABILITY

 

 

 

 

 

 

 

 

 

Gearing

1,752.94

475

304.57

-29.54

432.23

135

-318.90

-62.95

-195.70

Equity  in  percentage

1.30

96.97

0.66

-1.49

0.67

58.26

-1.15

52.75

-2.18

Total  debt  ratio

76.14

-49.33

150.26

0.74

149.15

169

-87.91

-87.52

-46.88

Working  capital

91,231

41.74

64,366

18.46

54,334

89.30

-60,845

59.23

-102,729

 

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

15,991,654

27.60

12,532,587

19.22

10,512,192

235

3,137,734

596

450,772

Total  operating  expenses

16,089,243

29.66

12,408,459

19.67

10,369,223

236

3,084,199

568

461,175

Gross  Operating  Margin

-94,692

-174

126,672

-12.72

145,130

160

55,617

616

-9,025

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

0

-

0

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

1,476

20.10

1,229

21.56

1,011

-

-

-

-

Operating  result

-97,589

-178

124,128

-13.18

142,969

167

53,535

514

-10,403

Total  financial  income

141,723

100

70,704

767

8,150

93.77

4,206

420500

1

Total  financial  expenses

18,244

-89.96

181,729

437

33,812

71.05

19,767

11260

174

Results  on  ordinary  operations  before

25,890

97.59

13,103

-88.83

117,307

208

37,974

359

-10,576

taxation

 

 

 

 

 

 

 

 

 

Extraordinary  Income

-

-

-

-

592

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-

0

-100

592

-

0

-

0

Results  for  the  Year  Before  Taxation

25,890

97.59

13,103

-88.89

117,899

210

37,974

359

-10,576

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

-240

-107

3,214

-

-

-

-327

-

-

Results  on  ordinary  operations  after

26,130

164

9,889

-91.57

117,307

206

38,301

362

-10,576

taxation

 

 

 

 

 

 

 

 

 

Net  result

26,130

164

9,889

-91.61

117,899

207

38,301

362

-10,576

Profit  (Loss)  for  the  Year  to  be appropiated

26,130

164

9,889

-91.61

117,899

207

38,301

362

-10,576

 

Social Balance Sheet Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2013

 

Full-time  Employees

-

Part-time  Employees

-

Total  Fte  Employees

-

Number  of  hours  worked

 

Full-time  Employees

-

Part-time  Employees

-

Total

-

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

-

Total

-

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

-

Actual  working  hours

-

Personnel  Charges

-

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

-

-

-

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

Gender and Education

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary education

-

-

-

Secondairy education

 

 

 

Higher education (non university)

-

-

-

Higher education (university)

-

-

-

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary education

-

-

-

Secondairy education

-

-

-

Higher education (non university)

-

-

-

Higher education (university)

-

-

-

Working Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White collar worker

-

-

-

Blue collar worker

-

-

-

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

-

-

-

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

-

-

 

 

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        115.46

Day sales outstanding 107.76

 

INDUSTRY COMPARISON

 

Activity code                            46761

Activity description                  Wholesale of diamonds and other precious stones

Industry average payment

expectation days                      126.94

Industry average day sales

Outstanding                             186.05

 

 

INDUSTRY QUARTILE ANALYSIS

 

Payment expectations

Company result                         115.46

Lower                                       120.44

Median                                                 74.63

Upper                                       45.88

 

DAY SALES OUTSTANDING

 

Company result                         107.76

Lower                                       102.27

Median                                                 54.07

Upper                                       24.07

 

 

Shareholder 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

 

INDIVIDUAL SHAREHOLDERS

 

Shareholder Name

 

Forename

-

Middle  name

-

Surname

Patel  Tulsjibhai

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

02/04/1998(estimated)

End  date

-

Percentage  owned

1%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Belgiėlei

House  number

14

Minor  town

-

Postal  town

Antwerpen

Post  code

2018

Country

Belgium

SHAREHOLDER  NAME

 

 

 

Forename

Shamjibhai

Middle  name

-

Surname

Patel

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

02/04/1998(estimated)

End  date

-

Percentage  owned

99%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Belgiėlei

House  number

14

Minor  town

-

Postal  town

Antwerpen

Post  code

2018

Country

Belgium

 

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

SHAMJIBHAI  PATEL

Position

Principal  Manager

Start  Date

21/11/1997

Street

14 BELGIĖLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Former  director  details

 

Name

LUC  DISCRY

Position

Commissioner

Start  Date

21/11/1997

End  Date

Unknown  date

Date  of  birth

03/08/1951

Street

4 BOSDUIFDREEF  SCHILDE

Post  code

2970

Country

Belgium

Name

PATEL  TULSJIBHAI,

Position

Principal  Manager

Start  Date

15/08/1997

End  Date

Unknown  date

Street

14 BELGIĖLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.79

UK Pound

1

Rs.95.42

Euro

1

Rs.69.28

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

 

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.