MIRA INFORM REPORT
|
Report No. : |
305169 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PLUCZENIK DIAMOND COMPANY NV |
|
|
|
|
Registered Office : |
Pelikaanstraat 78, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
15.01.2014 |
|
|
|
|
Date of Incorporation : |
20.07.1963 |
|
|
|
|
Com. Reg. No.: |
405805438 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
LINE OF BUSINESS : |
WHOLESALER OF DIAMONDS AND OTHER PRECIOUS STONES |
|
|
|
|
No. of Employees |
13 (15.01.2014) |
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 : |
No Complaints |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
name & address
Business number 405805438
Company name PLUCZENIK DIAMOND
COMPANY NV
Address PELIKAANSTRAAT 78
2018 ANTWERPEN
Number of staff 13 (15.01.2014)
Date of establishment 20/07/1963
Telephone number 032315765
Ultimate
holding company
Company name Company
Number
Pluczenik Diamond Company NV 405805438
Commentary
|
The business was established over 51 years
ago. |
|
|
The business has 13 employees. |
|
|
The business is part of a group. |
|
|
This business has a foreign parent
business. |
|
|
The business has been at the address for
over 31 years. |
|
|
The business saw an increase in their Cash
Balance of 29% during the latest trading period. |
|
Accounts
|
DATE OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT BEFORE
TAX |
NET WORTH |
WORKING CAPITAL |
|
15/01/2014 |
584,703,535 |
1,710,002 |
124,760,591 |
123,124,993 |
|
15/01/2013 |
503,927,630 |
1,845,646 |
125,621,677 |
123,940,318 |
|
31/12/2011 |
561,435,797 |
2,231,554 |
127,460,806 |
125,692,066 |
|
Accounts |
||||
|
DATE OF LATEST
ACCOUNTS |
BALANCE TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
15/01/2014 |
370,972,655 |
13 |
110,967,375 |
1,892,652 |
|
15/01/2013 |
346,602,138 |
13 |
113,292,406 |
2,039,842 |
|
31/12/2011 |
360,891,575 |
12 |
116,689,367 |
2,447,824 |
Trends
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment
expectations
Payment expectation
days 72.69
Industry average payment
expectation days 94.48
Industry average
day sales outstanding 110.96
Day sales
outstanding 102.19
Court
data summary
BANKRUPTCY
DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons 07/05/2002
Company
information
|
Business number |
405805438 |
Company name |
PLUCZENIK DIAMOND COMPANY NV |
|
|
Office
address |
Diamantbeurs, Pelikaanstraat 78, Office 1601 - 1608, 2018
Antwerpen Belgium |
|||
|
Fax number |
--- |
Date founded |
20/07/1963 |
|
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
|
Currency |
Euro (€) |
Date of latest accounts |
15/01/2014 |
|
|
Activity code |
32121 |
Liable for VAT |
yes |
|
|
Activity
description |
Wholesaler of diamonds and other precious stones |
VAT Number |
BE.0405.805.438 Check VAT number |
|
|
Belgian
Bullettin of Acts Publications |
moniteur belge |
|
|
|
Social
Balance Sheet
|
During the
reporting year |
|
ended 15-01-2014 |
|
Full-time
Employees 12 |
|
Part-time
Employees 3 |
|
Total Fte
Employees 14 |
|
Number of hours
worked |
|
Full-time
Employees 18,567 |
|
Part-time
Employees 3,150 |
|
Total 21,717 |
|
Personnel
Charges |
|
Full-time
Employees 395,377 |
|
Part-time
Employees 64,929 |
|
Total 460,306 |
|
During the
previous reporting year |
|
Average number
employees in Fte 15 |
|
Actual working
hours 23,424 |
|
Personnel
Charges 467,135 |
|
Type of Contract |
Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration Contracts |
10 |
3 |
12 |
|
|
Limited Duration Contracts |
2 |
- |
2 |
|
|
Contracts For Specific Work |
- |
- |
- |
|
|
Contracts Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
Gender and
Education Level |
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
- |
- |
- |
|
|
Secondary education |
6 |
2 |
7 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
|
Primary education |
1 |
1 |
2 |
|
|
Secondary education |
5 |
- |
5 |
|
|
Higher education (non university) |
- |
- |
- |
|
|
Higher education (university) |
- |
- |
- |
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
|
Management |
- |
- |
- |
|
|
White collar worker |
8 |
3 |
10 |
|
|
Blue collar worker |
4 |
- |
4 |
|
|
Other |
- |
- |
- |
|
|
New staff and leavers |
Full-Time |
Part-Time |
Total Fte |
|
|
New Starters |
1 |
- |
1 |
|
|
Leavers |
1 |
- |
1 |
|
Joint
Industrial Committee (JIC)
JIC Code 218
Description Additional
national joint committee for the employees
category
JIC Code 324.02
Description JSC
small merchandisers in the diamant industry and trade
category
Significant
Events
Event Date 19/05/2014
Event Details Rechtzetting
publicatie d.d. 13/10/2010 : de benoeming tot voorzitter en gedelegeerd
bestuurder
vandhr Pluczenik Chaim dient toegevoegd te worden.
Company
accounts
Profit & Loss
|
Annual Accounts |
15-01-2014 |
% |
15-01-2013 |
% |
31-12-2011 |
Industry Average |
% |
|
|
|
|
|
|
|
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
584,703,535 |
16.03 |
503,927,630 |
-10.24 |
561,435,797 |
292,683,319 |
99 |
|
Total operating expenses |
577,541,098 |
16.10 |
497,453,267 |
-10.96 |
558,672,292 |
289,096,827 |
99 |
|
Operating result |
7,162,437 |
10.63 |
6,474,363 |
134 |
2,763,505 |
2,376,545 |
201 |
|
Total financial income |
6,813,607 |
-22.42 |
8,782,835 |
-41.07 |
14,904,036 |
2,271,243 |
199 |
|
Total financial expenses |
12,266,042 |
-8.54 |
13,411,552 |
-13.12 |
15,435,987 |
4,099,358 |
199 |
|
Results on ordinary operations before
taxation |
1,710,002 |
-7.35 |
1,845,646 |
-17.29 |
2,231,554 |
548,430 |
211 |
|
Taxation |
667 |
4.00 |
-16,678 |
-206 |
15,591 |
4,670 |
-85.72 |
|
Results on ordinary operations after
taxation |
1,709,335 |
-8.21 |
1,862,324 |
-15.96 |
2,215,963 |
545,317 |
213 |
|
Extraordinary items |
7,636 |
-15.86 |
9,075 |
1361 |
621 |
3,236 |
135 |
|
Other appropriations |
1 |
0 |
1 |
- |
0 |
- |
- |
|
Net result |
1,716,972 |
-8.25 |
1,871,400 |
-15.57 |
2,216,584 |
548,553 |
213 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
10,542 |
- |
|
Director remuneration |
122,719 |
-9.03 |
134,896 |
2.52 |
131,576 |
82,437 |
48.86 |
|
Employee costs |
460,306 |
-3.48 |
476,923 |
-17.38 |
577,275 |
377,837 |
21.83 |
|
Wages and salary |
373,545 |
-2.79 |
384,248 |
-17.87 |
467,870 |
307,269 |
21.57 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
77,668 |
-7.25 |
83,742 |
-19.14 |
103,562 |
58,657 |
32.41 |
|
Other employee costs |
9,093 |
1.79 |
8,933 |
52.86 |
5,844 |
11,911 |
-23.66 |
|
Amortization and depreciation |
175,680 |
4.30 |
168,442 |
-27.16 |
231,240 |
64,977 |
170 |
Balance Sheet
|
Annual accounts |
15-01-2014 |
% |
15-01-2013 |
% |
31-12-2011 |
Industry average 2014 |
% |
|
Weeks |
52 |
|
54 |
|
52 |
|
|
|
Currency |
EUR |
EUR |
EUR |
|
|||
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
0 |
-- |
|
Tangible fixed assets |
466,493 |
-4.36 |
487,758 |
-9.38 |
538,232 |
173,377 |
169 |
|
Land & building |
103,967 |
-5.58 |
110,108 |
38.24 |
79,650 |
103,967 |
0 |
|
Plant & machinery |
201,133 |
-30.95 |
291,277 |
-29.44 |
412,800 |
201,133 |
0 |
|
Furniture & Vehicles |
161,394 |
86.86 |
86,373 |
88.66 |
45,782 |
71,677 35,485 |
125 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- - |
--- |
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
0 |
--- |
|
Financial fixed assets |
1,300,597 |
-2.05 |
1,327,848 |
-2.99 |
1,368,780 |
672,159 |
93.50 |
|
Total fixed assets |
1,767,091 |
-2.67 |
1,815,606 |
-4.79 |
1,907,012 |
621,483 |
184 |
|
Inventories |
184,170,200 |
-19.11 |
227,682,011 |
9.99 |
206,996,224 |
92,182,483 |
99 |
|
Finished goods |
184,170,200 |
-19.11 |
227,682,011 |
9.99 |
206,996,224 |
61,390,067 |
199 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
64,922 |
-100 |
|
Trade debtors |
163,696,255 |
65.41 |
98,963,507 |
-30.92 |
143,252,916 |
54,655,282 |
199 |
|
Cash |
15,024,398 |
29.11 |
11,637,085 |
343 |
2,626,224 |
5,124,483 |
193 |
|
other amounts receivable |
6,181,689 |
-2.48 |
6,338,822 |
7.91 |
5,874,382 |
2,405,908 |
156 |
|
Miscellaneous current assets |
133,022 |
-19.43 |
165,107 |
-29.69 |
234,817 |
47,788 |
178 |
|
Total current assets |
369,205,564 |
7.08 |
344,786,532 |
-3.96 |
358,984,563 |
123,688,449 |
198 |
|
Total Assets |
370,972,655 |
7.03 |
346,602,138 |
-3.96 |
360,891,575 |
124,309,932 1,806,967 |
198 |
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
Trade
creditors |
115,012,860 |
19.99 |
95,850,370 |
-14.65 |
112,289,688 |
38,342,951 |
199 |
|
Financial
debts |
130,836,985 |
4.84 |
124,793,225 |
3.38 |
120,708,602 |
130,836,985 130,836,985 |
0 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
81,384 |
-1.22 |
82,389 |
-24.32 |
108,871 |
68,494 |
56.10 |
|
Miscellaneous
current liabilities |
149,342 |
24.22 |
120,221 |
-35.13 |
185,336 |
195 |
-- |
|
Total
current liabilities |
246,080,570 |
11.43 |
220,846,214 |
-5.34 |
233,292,497 |
82,057,923 |
199 |
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
Other
long term loans |
131,493 |
-2.05 |
134,247 |
-2.91 |
138,273 |
0 |
-- |
|
Other
long term liabilities |
0 |
-- |
0 |
-- |
-1 |
00 |
--- |
|
Total
long term debts |
131,493 |
-2.05 |
134,247 |
-2.91 |
138,272 |
43,831 |
200 |
|
Shareholder Equity |
|
|
|
|
|
|
|
|
Issued
share capital |
110,967,375 |
-2.05 |
113,292,406 |
-2.91 |
116,689,367 |
37,351,125 |
197 |
|
Reserves |
13,793,216 |
11.87 |
12,329,271 |
14.46 |
10,771,439 |
4,857,050 |
183 |
|
Total
shareholders equity |
124,760,591 |
-0.69 |
125,621,677 |
-1.44 |
127,460,806 |
42,208,175 |
195 |
|
Working
capital |
123,124,993 |
-0.66 |
12,3940,318 |
-1.39 |
125,692,066 |
41,630,523 |
195 |
|
Cashflow |
1,892,652 |
-7.22 |
2,039,842 |
-16.67 |
2,447,824 |
613,530 |
208 |
|
Net
worth |
124,760,591 |
0.69 |
125,621,677 |
-1.44 |
127,460,806 |
42,208,175 |
195 |
Ratio Analysis
|
Annual accounts |
15-01-2014 |
change(%) |
15-01-2013 |
change(%) |
31-12-2011 |
Industry average 2014 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.29 |
-21.62 |
0.37 |
-7.50 |
0.40 |
1,00 |
-71.00 |
|
Return on capital employed |
1.37 |
-6.80 |
1.47 |
-16.00 |
1.75 |
4,00 |
-65.75 |
|
Return on total assets employed |
0.46 |
-13.21 |
0.53 |
-14.52 |
0.62 |
1,00 |
-54.00 |
|
Return on net assets employed |
1.37 |
-6.80 |
1.47 |
-16.00 |
1.75 |
4,00 |
-65.75 |
|
Sales / net working capital |
4.75 |
16.71 |
4.07 |
-8.95 |
4.47 |
9,00 |
-99 |
|
Stock turnover ratio |
31.50 |
-30.28 |
45.18 |
22.54 |
36.87 |
32,00 |
-1.56 |
|
Debtor days |
102.19 |
42.56 |
71.68 |
-23.03 |
93.13 |
110,96 |
-7.90 |
|
Creditor days |
72.69 |
3.36 |
70.33 |
-4.13 |
73.36 |
94,48 |
-23.06 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
Current ratio |
1.50 |
-3.85 |
1.56 |
1.30 |
1.54 |
63,00 |
50.00 |
|
Liquidity ratio / acid ratio |
0.75 |
41.51 |
0.53 |
-18.46 |
0.65 |
55,00 |
-98.64 |
|
Current debt ratio |
1.97 |
11.93 |
1.76 |
-3.83 |
1.83 |
1,00 |
97.00 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
104.98 |
5.56 |
99.45 |
4.89 |
94.81 |
105,00 |
-0.02 |
|
Equity in percentage |
33.63 |
-7.20 |
36.24 |
2.60 |
35.32 |
59,00 |
-43.00 |
|
Total debt ratio |
1.97 |
11.93 |
1.76 |
-3.83 |
1.83 |
1,00 |
97.00 |
Payment
Information
Payment expectations
Payment expectation days 72.69
Day sales outstanding 102.19
Industry
comparison
Activity description Wholesaler of diamonds and other precious stones
Industry average payment
expectation days 94.48
Industry average day sales
Outstanding 110.96
Industry
quartile analysis
Payment
expectations
Company result 72.69
Lower 127.94
Median 74.39
Upper 36.51
Day sales
outstanding
Company result 102.19
Lower 106.32
Median 57.85
Upper 18.94
Shareholders
details
Group - Number of Companies 2
Group
Structure
|
Company name |
Number |
Latest financials |
|
- PLUCZENIK
DIAMOND COMPANY NV |
405805438 |
15-01-2014 |
|
- - PLUCZENIK DIAMOND JEWERLY NV |
472186397 |
15-01-2014 |
Minority
Shareholders
No minority
shareholders found
Minority
Interests
No minority
interests found
Linked
Companies
Summary
Group - Number of Companies 2
Summons
|
Legal event type |
Social Security Summons |
|
|
Event date |
07/05/2002 |
|
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 |
CHAIM PLUCZENIK |
|
|
Position |
Managing Director |
|
|
Start Date |
11/10/2007 |
|
|
Street |
15 REMBRANDTSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Position |
Director |
|
|
Start Date |
11/10/2007 |
|
|
Street |
15 REMBRANDTSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Position |
Chairperson |
|
|
Start Date |
13/10/2010 |
|
|
Street |
15 REMBRANDTSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
MICHEL STERN |
|
|
Position |
Director |
|
|
Start Date |
11/10/2007 |
|
|
Date of birth |
05/12/1948 |
|
|
Street |
5 QUINTEN MATSIJSLEI ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
|
|
|
|
|
Name |
TSVI PLUCZENIK |
|
|
Position |
Director |
|
|
Start Date
Street Post code |
22/10/2010 132 FLAT B, 9/F TAI WAH
BUILDING, ELECTRIC ROAD, NORTH P |
|
|
Country |
Hong Kong |
|
|
Former director
details |
||
|
Name |
SAMUEL JOZEF PLUCZENIK |
|
|
Position |
Managing Director |
|
|
Start Date |
04/10/2004 |
|
|
End Date |
Unknown date |
|
|
Date of birth |
27/05/1956 |
|
|
Street |
25 KORTE LEEMSTRAAT ANTWERPEN |
|
|
Post code |
2018 |
|
|
Country |
Belgium |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.32 |
|
Euro |
1 |
Rs.71.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.