MIRA INFORM REPORT

 

 

Report No. :

305479

Report Date :

30.01.2015

 

IDENTIFICATION DETAILS

 

Name :

DIAAWORLD  BVBA

 

 

Registered Office :

Pelikaanstraat  62 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

27.08.2014

 

 

Com. Reg. No.:

560905171

 

 

Legal Form :

Private  Limited  Company

 

 

LINE OF BUSINESS :

WHOLESALE  OF  DIAMONDS  AND OTHER  PRECIOUS  STONES

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New company

 

 

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 – 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 summary

 

Business  number

560905171

Branche  Unit  Number

2234229308

Company  name

DIAAWORLD  BVBA

Address

PELIKAANSTRAAT  62

 

2018 ANTWERPEN

Date  of  establishment

27/08/2014

Telephone number

Fax number

 

 

Commentary

 

No  employees  are  recorded  for  this  business.

The  business  has  been  at  the  address  for  over  4  months.

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

 

 

Accounts

 

No key  Financials  Registered

 

 

Trends

 

Profitability

-

Liquidity

-

Net  worth

-

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

124.29

Industry  average  day  sales

181.38

expectation  days

 

outstanding

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court  action  type

no

PROTESTED BILLS

Bill  amount

-

 NSSO DETAILS

Date  of  summons

-

 

 

Company information

 

Business  number

560905171

Company  name

DIAAWORLD  BVBA

Fax  number

 

Date  founded

27/08/2014

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

VAT  Number

BE.0560.905.171  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

-

 

 

SIGNIFICANT  EVENTS

 

Event  Date

15/09/2014

Event  Description

Registered  as  a  Diamond  Trader

Event Details

 

 

Company accounts

 

ANNUAL ACCOUNTS

 

There is  no  data  for  this  company

 

 

Social Balance Sheet Details

 

INDUSTRY COMPARISON

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

industry  average  credit

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

124.29

expectation  days

 

Industry  average  day  sales

181.38

outstanding

 

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

-

Lower

120.76

Median

74.93

Upper

46.13

 

DAY SALES OUTSTANDING

 

Company  result

-

Lower

102.27

Median

54.07

Upper

24.38

 

 

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

Swapnil

Middle  name

-

Surname

Shah

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

27/08/2014

End  date

-

Percentage  owned

50%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

Belgiëlei

House  number

168

Minor  town

-

Postal  town

Antwerpen

Post  code

2018

Country

Belgium

SHAREHOLDER  NAME

 

 

 

Forename

Manan

Middle  name

-

Surname

Shah

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

27/08/2014

End  date

-

Percentage  owned

50%

 

 

 

 

 

 

SHAREHOLDER ADDRESS

 

 

 

 

 

 

 

 

 

Street  name

Belgiëlei

House  number

168

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

MANAN  SHREEPRAKASH  SHAH

Position

Principal  Manager

Start  Date

27/08/2014

Street

168 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Name

SWAPNIL  SHAH

Position

Principal  Manager

Start  Date

01/01/2015

Street

 

Post  code

 

Country

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.50

UK Pound

1

Rs.93.12

Euro

1

Rs.69.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.