|
Report No. : |
305680 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIABLUE BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 9, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.11.1986 |
|
|
|
|
Com. Reg. No.: |
429873613 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
LINE OF BUSINESS : |
·
WHOLESALER OF WATCHES AND JEWELLERY ·
WHOLESALER OF DIAMONDS AND OTHER GEMSTONES |
|
|
|
|
No of Employees : |
01 (31.12.2013) |
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 |
Business number 429873613
Company name DIABLUE BVBA
Address HOVENIERSSTRAAT 9
2018 ANTWERPEN
Number of staff 01
(31.12.2013)
Date of establishment 27/11/1986
Telephone number 032340525
Fax number 032269301
|
The business was established over 28 years ago. |
|
|
The business has 1 employees. |
|
|
The business has been at the address for over 3 years. |
|
|
Pre-tax profits increased by 118% compared to the previous trading
period. |
|
|
Turnover in the latest trading period decreased 21% on the previous
trading period. |
|
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX NET
WORTH |
WORKING CAPITAL |
|
31/12/2013 |
23,938,607 |
93,607 2,015,398 |
3,605,959 |
|
31/12/2012 |
30,622,026 |
42,876 1,932,070 |
3,619,839 |
|
31/12/2011 |
21,069,918 |
67,472 1,890,687 |
3,630,099 |
Accounts
DATE OF LATEST
ACCOUNTS BALANCE TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
31/12/2013 11,516,505 1 1,784,137 111,911
31/12/2012 13,074,914 0 1,784,137 64,369
31/12/2011 7,205,428 1 1,784,137 78,948
|
Past payments |
|
Payment
expectation days |
48.98 |
|
Industry average payment expectation days |
244.93 |
Industry average
day sales outstanding |
355.74 |
|
Day sales outstanding |
90.85 |
|
|
|
Business number |
429873613 |
Company name |
DIABLUE BVBA |
|
|
Fax number |
032269301 |
Date founded |
27/11/1986 |
|
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2013 |
|
|
Activity description |
· Wholesaler of watches and jewellery ·
wholesaler
of diamonds and other gemstones |
Liable for VAT |
yes |
|
|
Belgian Bullettin of Acts Publications |
moniteur belge |
VAT Number |
BE.0429.873.613 Check VAT number |
|
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 |
613,017 |
-1.95 |
625,191 |
-2.73 |
642,731 |
21076 |
3,035 |
-65.65 |
8,835 |
|
Intangible
fixed assets |
7,468 |
400 |
1,493 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
605,549 |
-2.91 |
623,699 |
-2.96 |
642,731 |
21076 |
3,035 |
-65.65 |
8,835 |
|
Land
& building |
582,217 |
-2.35 |
596,258 |
-2.30 |
610,299 |
- |
- |
- |
- |
|
Plant
& machinery |
15,066 |
-13.34 |
17,384 |
-22.34 |
22,384 |
- |
- |
- |
- |
|
Furniture
& Vehicles |
8,267 |
-17.80 |
10,057 |
0.08 |
10,049 |
231 |
3,035 |
-65.65 |
8,835 |
|
Total
current assets |
10,903,488 |
-12.42 |
12,449,723 |
89.70 |
6,562,697 |
11733 |
55,457 |
-96.77 |
1,719,472 |
|
Inventories |
4,805,857 |
-34.10 |
7,292,768 |
113 |
3,423,070 |
- |
- |
- |
435,386 |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
4,805,857 |
-34.10 |
7,292,768 |
113 |
3,423,070 |
- |
0 |
- |
0 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
-100 |
435,386 |
|
Trade
debtors |
5,958,552 |
17.97 |
5,051,063 |
66.10 |
3,040,980 |
- |
0 |
-100 |
1,187,810 |
|
Other
amounts receivable |
116,016 |
45.45 |
79,763 |
65.27 |
48,263 |
216 |
15,256 |
-48.29 |
29,504 |
|
Cash |
19,251 |
-16.41 |
23,032 |
-47.69 |
44,033 |
11.31 |
39,558 |
-40.20 |
66,153 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current assets |
3,812 |
23.09 |
3,097 |
-51.24 |
6,351 |
886 |
644 |
3.99 |
619 |
|
Total
Assets |
11,516,505 |
-11.92 |
13,074,914 |
81.46 |
7,205,428 |
12218 |
58,493 |
-96.62 |
1,728,307 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total
shareholders equity |
2,022,866 |
4.62 |
1,933,563 |
2.27 |
1,890,687 |
3241 |
56,582 |
160 |
21,724 |
|
Issued
share capital |
1,784,137 |
0.00 |
1,784,137 |
0.00 |
1,784,137 |
9492 |
18,600 |
0 |
18,600 |
|
Reserves |
238729 |
59.76 |
149,426 |
40.24 |
106,551 |
180 |
37,982 |
1115 |
3124 |
|
Creditors |
9493639 |
-14.79 |
1,1141,351 |
109 |
5314,741 |
278021 |
1,911 |
-99 |
1,706,583 |
|
Other
long term loans |
383333 |
-8.00 |
416,667 |
-7.41 |
450,000 |
--- |
--- |
-- |
-- |
|
Other
long term liabilities |
1812776 |
-4.33 |
1,894,800 |
-1.93 |
1,932,143 |
-- |
--- |
-- |
-- |
|
Total
long term debts |
2196110 |
-4.99 |
2,311,467 |
-2.97 |
2,382,143 |
-- |
0 |
0 |
0 |
|
Current
portion of long term debt |
33333 |
0.00 |
33,333 |
0.00 |
33,333 |
-- |
0 |
0 |
0 |
|
Financial
debts |
4076985 |
49.66 |
2,724,225 |
38.40 |
1,968,352 |
-- |
--- |
-- |
11 |
|
Trade
creditors |
3176117 |
-47.42 |
6,040,034 |
571 |
900,096 |
84418 |
1,065 |
-99 |
1,647,226 |
|
Amounts
Payable for Taxes, Remuneration & Social Security |
8110 |
280 |
2,129 |
-64.80 |
6,048 |
614 |
846 |
-95.62 |
19,336 |
|
Miscellaneous
current liabilities |
2983 |
-90.11 |
30,163 |
21.78 |
24,769 |
-- |
0 |
-100 |
40,010 |
|
Total
current liabilities |
7297529 |
-17.35 |
8,829,884 |
201 |
2,932,598 |
153363 |
1,911 |
-99 |
1,706,583 |
|
Total
Liabilities |
11516505 |
-11.92 |
13,074,914 |
81.46 |
7,205,428 |
12218 |
58,493 |
-96.62 |
1,728,307 |
Ratio Analysis
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Trading Performance |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.39 |
178 |
0.14 |
-56.25 |
0.32 |
--- |
--- |
--- |
--- |
|
Return on capital employed |
2.22 |
119 |
1.01 |
-36.08 |
1.58 |
-97.44 |
61.61 |
121 |
27.76 |
|
Return on total assets employed |
0.81 |
145 |
0.33 |
-64.89 |
0.94 |
-98.42 |
59.59 |
16925 |
0.35 |
|
Return on net assets employed |
4.63 |
108 |
2.22 |
-37.82 |
3.57 |
-94.21 |
61.61 |
121 |
27.76 |
|
Sales / net working capital |
6.64 |
-21.51 |
8.46 |
45.86 |
5.80 |
--- |
--- |
--- |
--- |
|
Stock turnover ratio |
20.08 |
-15.70 |
23.82 |
46.58 |
16.25 |
--- |
--- |
--- |
--- |
|
Creditor days |
48.98 |
-32.50 |
72.56 |
362 |
15.68 |
--- |
--- |
--- |
--- |
|
Debtor days |
90.85 |
50.89 |
60.21 |
14.29 |
52.68 |
--- |
--- |
--- |
--- |
|
Short Term Liability |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.49 |
5.67 |
1.41 |
-37.05 |
2.24 |
-92.28 |
29.02 |
2773 |
1.01 |
|
Liquidity ratio / acid ratio |
0.84 |
44.83 |
0.58 |
-45.79 |
1.07 |
-96.34 |
29.02 |
3769 |
0.75 |
|
Current debt ratio |
3.61 |
-21.01 |
4.57 |
194 |
1.55 |
5066 |
0.03 |
-99 |
78.56 |
|
Cash flow |
111,911 |
73.86 |
64,369 |
-18.47 |
78,948 |
9418 |
40,658 |
243 |
11,831 |
|
Net worth |
2,015,398 |
4.31 |
1,932,070 |
2.19 |
1,890,687 |
3241 |
56.,582 |
160 |
21,724 |
|
Long Term Stability |
|
|
|
|
|
|
|
|
|
|
Gearing |
222.14 |
35.32 |
16.416 |
26.60 |
129.67 |
-- |
--- |
-- |
0.05 |
|
Equity in percentage |
17.58 |
18.86 |
14.79 |
-43.64 |
26.24 |
-72.81 |
96.73 |
7576 |
1.26 |
|
Total Debt Ratio |
4.69 |
-18.58 |
5.76 |
104 |
2.81 |
9266 |
0.03 |
-99 |
78.56 |
|
Working Capital |
3,605,959 |
-0.38 |
3,619,839 |
-0.28 |
3,630,099 |
6679 |
53,547 |
315 |
12,889 |
Profit & Loss
|
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
|
Operating Income |
23,945,085 |
-21.82 |
30,627,731 |
45.35 |
21,071,294 |
--- |
--- |
--- |
--- |
|
Turnover |
23,938,607 |
-21.83 |
30,622,026 |
45.34 |
21,069,918 |
--- |
--- |
--- |
--- |
|
Total operating expenses |
23,666,580 |
-22.10 |
30,381,595 |
45.03 |
20,948,366 |
--- |
--- |
--- |
--- |
|
Gross Operating Margin |
-- |
-- |
-- |
-- |
-- |
-- |
43,103 |
212 |
13,793 |
|
Operating Charges |
23,673,059 |
-22.10 |
30,387,300 |
45.05 |
20,949,742 |
--- |
--- |
--- |
--- |
|
Employee costs |
29,847 |
22.75 |
24,316 |
66.88 |
14,571 |
--- |
--- |
--- |
--- |
|
Wages and salary |
27,921 |
35.22 |
20,649 |
61.26 |
12,805 |
--- |
--- |
--- |
--- |
|
Social security contributions |
1,109 |
-20.71 |
1,399 |
343 |
315 |
--- |
-- |
-- |
--- |
|
Other employee costs |
816 |
63.99 |
2,267 |
56.25 |
1,451 |
---- |
-- |
-- |
--- |
|
Amortization and depreciation |
22,608 |
5.19 |
21,493 |
107 |
10,379 |
78.95 |
5800 |
0 |
5800 |
|
Operating result |
272,026 |
1314 |
240,231 |
97.80 |
121,552 |
242 |
35519 |
425 |
6754 |
|
Total financial income |
2,239 |
404 |
444 |
388 |
91 |
680 |
12 |
--- |
--- |
|
Total financial expenses |
180,658 |
-8.76 |
197,999 |
265 |
54,170 |
7946 |
7946 |
-6.83 |
722 |
|
Results on ordinary operations before
taxation |
93,607 |
118 |
42,876 |
-36.45 |
67,472 |
9356 |
34858 |
477 |
6031 |
|
Extraordinary Income |
56,412 |
-- |
-- |
--- |
1,097 |
--- |
--- |
--- |
-- |
|
Extraordinary Charges |
60,716 |
-- |
-- |
--- |
--- |
---- |
|
|
|
|
Extraordinary items |
-4304 |
-- |
-- |
-100 |
1,097 |
--- |
|
|
|
|
Results for the Year Before Taxation |
89,303 |
108 |
42876 |
-37.47 |
68,570 |
96.71 |
34,858 |
477 |
6,031 |
|
Taxation |
--- |
--- |
42876 |
-- |
1 |
-- |
-- |
--- |
--- |
|
Results on ordinary operations after
taxation |
93,607 |
118 |
42876 |
-36.45 |
67,472 |
93.56 |
34,858 |
477 |
6,031 |
|
Net result |
89,303 |
108 |
42876 |
-37.47 |
68,569 |
96.71 |
34,858 |
477 |
6,031 |
|
Profit (Loss) for the Year to be |
89,303 |
108 |
42876 |
-37.47 |
68,569 |
96.71 |
34,858 |
477 |
6,031 |
|
Social Balance Sheet Details |
||||||
|
Social Balance
Sheet |
Total |
|
|
|||
|
During the
reporting year ended 31-12-2013 |
||||||
|
Full-time
Employees |
1 |
|
|
|||
|
Part-time
Employees |
0 |
|
|
|||
|
Total Fte
Employees |
1 |
|
|
|||
|
|
||||||
|
Number of hours
worked |
||||||
|
Full-time
Employees |
1,680 |
|
|
|||
|
Part-time
Employees |
252 |
|
|
|||
|
Total |
1,932 |
|
||||
|
|
||||||
|
Personnel
Charges |
||||||
|
Full-time
Employees |
26,100 |
|
|
|||
|
Part-time
Employees |
3,747 |
|
|
|||
|
Total |
29,847 |
|
|
|||
|
Benefits In
Addition To Wages |
- |
|
|
|||
|
|
||||||
|
During the
previous reporting year |
||||||
|
Average number
employees in Fte |
1 |
|
|
|||
|
Actual working
hours |
1,488 |
|
|
|||
|
Personnel
Charges |
24,316 |
|
|
|||
|
Benefits In
Addition To Wages |
- |
|
|
|||
|
|
|
|
|
|||
|
|
||||||
|
Type of Contract
Full-Time |
Full Time |
Part-Time |
Total Fte |
|||
|
Unlimited
Duration Contracts |
1 |
1 |
2 |
|||
|
Limited Duration
Contracts - |
-- |
- |
- |
|||
|
Contracts For
Specific Work - |
-- |
- |
- |
|||
|
Contracts
Regarding -Substitution |
-- |
- |
- |
|||
|
|
|
|
|
|||
|
|
||||||
|
Gender and
Education Level |
|
|
|
|||
|
Men |
Full-Time |
Part-Time |
Total Fte |
|||
|
Primary
education |
1 |
1 |
2 |
|||
|
Secondairy
education |
-- |
- |
- |
|||
|
Higher education
(non -university) |
--- |
- |
- |
|||
|
Higher education
-(university) |
-- |
- |
- |
|||
|
Working Category |
Full-Time
|
Part-Time
|
Total Fte |
|||
|
Management |
-- |
-- |
-- |
|||
|
White collar
worker |
1 |
1 |
2 |
|||
|
|
|
|
|
|||
|
New staff and
leavers |
Full-Time |
Part-Time |
Total Fte |
|
New Starters 1 |
1 |
1 |
2 |
Payment
Information
|
|||
|
Suspension of payments / moratorium history |
|||
|
Amount |
- |
|
|
|
Details |
- |
|
|
|
Payment expectations |
|||
|
Payment expectation days |
48.98 |
|
|
|
Day sales outstanding |
90.85 |
|
|
Industry
comparison
|
|||
|
Activity description |
· Wholesaler of watches and jewellery ·
wholesaler
of diamonds and Other Gemstones |
|
|
|
Industry average payment expectation days |
244.93 |
|
|
|
Industry average day sales outstanding |
355.74 |
|
|
Payment expectations
Company result 48.98
Lower 129.57
Median 63.24
Upper 19.75
Day sales outstanding
Company result 90.85
Lower 123.34
Median 56.14
Upper 21.03
No
group structure for this company.
No
minority shareholders found
No
minority interests found
Legal event type Social
Security Summons
Event date 18/09/2000
there
is no data for this company
there
is no data for this company
Current director details
Name DILIP ABHUBHAI DESAI
Position Principal
Manager
Start Date 28/07/2011
Street 4 BLAUWMEESLAAN
ANTWERPEN
Post code 2610
Country Belgium
Name KALPEN SHAH
Position Principal
Manager
Start Date 01/10/2007
Former director
details
Name ANKIT SHAH
Position Principal
Manager
Start Date 01/12/2006
End Date Unknown
date
Name KALPEN HARSHAD SHAH
Position Principal
Manager
Start Date 09/08/2012
End Date 31/12/2013
Street 157 PRINS
BOUDEWIJNLAAN EDEGEM
Post code 2650
Country Belgium
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
UK Pound |
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.