MIRA INFORM REPORT

 

 

Report No. :

325655

Report Date :

08.06.2015

 

IDENTIFICATION DETAILS

 

Name :

AARYAA DIMON BVBA

 

 

Registered Office :

Hoveniersstraat 30-/38, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

30.06.2004

 

 

Com. Reg. No.:

866079247

 

 

Legal Form :

Private Limited Company

 

 

LINE OF BUSINESS :

WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES

 

 

No. of Employees :

01

 

 

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 shifts in foreign demand, particularly in Belgium’s EU trade partners. Roughly three-quarters of Belgium's trade is with other EU countries. In 2014 Belgian GDP grew by 0.9%, the unemployment rate stabilized at 8.5%, and the the budget deficit was 3.2% of GDP. Prime Minister Charles MICHEL’s center-right government has pledged to further reduce the deficit in response to EU pressure to reduce Belgium’s high public debt, which remains above 100% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and high unemployment promise to curtail a more robust recovery in private consumption. The government has pledged to pursue an reform program to improve Belgium’s competitiveness, including changes to tax policy, labor market rules, and welfare benefits. These changes risk worsening tensions with trade unions and triggering extended strikes.

 

Source : CIA

 

Company summary

 

Business number                     866079247

Branche Unit Number               2137955620

Company name                        AARYAA DIMON BVBA

Address                                   HOVENIERSSTRAAT 30-/38

2018 ANTWERPEN

Number of staff                        0

Date of establishment               30/06/2004

Telephone number                   032130085

Fax number                             032260602

 

 

 

Commentary

 

The business was established over 10 years ago.

The business has 1 employees.

The business has been at the address for over 9 years.

There has been no significant change in the business's credit rating.

A 34% decline in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 21% compared to the previous trading period.

The business saw an increase in their Cash Balance of 340% during the latest trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

13,939,088

36,060

1,644,793

2,978,288

31/12/2012

16,429,491

29,766

1,617,133

3,038,972

31/12/2011

19,866,566

41,513

1,585,820

3,042,937

 

 

 

 

 

ACCOUNTS

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

5,333,347

0

18,550

35,972

31/12/2012

8,151,179

0

18,550

39,342

31/12/2011

8,809,412

0

18,550

41,370

 

 

Payment expectations

 

Past payments

 

Payment expectation days

28.31

 

Industry average payment expectation days

126.61

Industry average day sales outstanding

184.47

 

Day sales outstanding

68.28

 

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

no

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  number

866079247

Company  name

AARYAA  DIMON  BVBA

Fax  number

032260602

Date  founded

30/06/2004

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 other  precious stones

VAT  Number

BE.0866.079.247  Check  VAT number

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

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

194,632

6.55

182,675

-2.63

187,610

-2.75

192,909

3.97

185,544

Intangible  fixed  assets

1,682

-29.08

2,372

-22.53

3,062

-

0

-

0

Tangible  fixed  assets

192,950

7.01

180,303

-2.30

184,547

-4.33

192,909

3.97

185,544

Land  &  building

168,037

-2.85

172,965

-2.77

177,894

-2.70

182,822

9.85

166,426

Plant  &  machinery

10,646

132

4,584

-0.43

4,604

-37.00

7,308

-29.82

10,414

Furniture  &  Vehicles

14,267

418

2,754

34.33

2,050

-26.24

2,779

-68.07

8,704

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

-

-

-

-

-

-

-

-

-

Total  current  assets

5,138,715

-35.51

7,968,504

-7.58

8,621,802

89.96

4,538,859

-2.77

4,668,304

Inventories

1,861,854

-59.09

4,550,561

-14.19

5,302,984

101

2,628,774

9.37

2,403,598

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

1,861,854

-59.09

4,550,561

-14.19

5,302,984

101

2,628,774

9.37

2,403,598

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

2,607,682

-13.09

3,000,402

-0.85

3,026,094

84.87

1,636,856

-18.70

2,013,318

Other  amounts  receivable

228,022

-26.08

308,478

42.16

216,995

3678

5,742

122

2,579

Cash

431,301

340

97,839

56.34

62,582

-75.33

253,656

6.99

237,081

Miscellaneous  current  assets

9,856

-12.19

11,225

-14.62

13,147

-4.94

13,831

17.93

11,728

Total  Assets

5,333,347

-34.57

8,151,179

-7.47

8,809,412

86.18

4,731,768

-2.52

4,853,848

LIABILITIES

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

1,646,476

1.67

1,619,506

1.93

1,588,882

1.92

1,559,007

1.22

1,540,215

Issued  share  capital

18,550

0

18,550

0

18,550

0

18,550

0

18,550

Share  premium  account

-

-

-

-

-

-

-

-

-

 

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

1,627,926

1.68

1,600,956

1.95

1,570,332

1.94

1,540,457

1.23

1,521,665

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

3,686,872

-43.55

6,531,674

-9.54

7,220,530

127

3,172,761

-4.25

3,313,633

Other  long  term  loans

76,223

-11.68

86,301

-10.06

95,950

-8.78

105,189

-7.76

114,035

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

1,450,221

-4.33

1,515,841

-1.93

1,545,715

3.27

1,496,782

7.81

1,388,310

Total  long  term  debts

1,526,444

-4.72

1,602,142

-2.41

1,641,665

2.48

1,601,971

6.63

1,502,345

Current  portion  of  long  term  debt

10,898

4.44

10,435

4.44

9,991

12.94

8,846

-22.41

11,401

Financial  debts

9,631

-99

1,068,090

-36.23

1,674,787

107

808,262

417

156,185

Trade  creditors

1,067,795

-59.89

2,662,129

-23.48

3,478,873

674

449,131

-63.96

1,246,251

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

32,803

1.16

32,427

-0.20

32,492

704

4,039

-66.50

12,057

Miscellaneous  current  liabilities

1,039,301

-10.13

1,156,451

202

382,722

27.36

300,512

-22.02

385,394

Total  current  liabilities

2,160,427

-56.17

4,929,532

-11.64

5,578,865

255

1,570,790

-13.28

1,811,288

Total  Liabilities

5,333,347

-34.57

8,151,179

-7.47

8,809,412

86.18

4,731,768

-2.52

4,853,848

 

 

RATIO  ANALYSIS

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.26

44.44

0.18

-14.29

0.21

10.53

0.19

0

0.19

Return  on  capital  employed

1.14

23.91

0.92

-28.68

1.29

57.32

0.82

-6.82

0.88

Return  on  total  assets  employed

0.68

83.78

0.37

-21.28

0.47

-14.55

0.55

0

0.55

Return  on  net  assets  employed

2.19

19.02

1.84

-29.50

2.61

57.23

1.66

-4.05

1.73

Sales  /  net  working  capital

4.68

-13.49

5.41

-17.15

6.53

45.43

4.49

-6.85

4.82

Stock  turnover  ratio

13.36

-51.77

27.70

3.78

26.69

35.21

19.74

12.99

17.47

Creditor  days

28.31

-52.64

59.77

-7.29

64.47

421

12.36

-62.84

33.26

Debtor  days

68.28

2.43

66.66

19.89

55.60

23.94

44.86

-16.02

53.42

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

2.38

46.91

1.62

4.52

1.55

-46.37

2.89

12.02

2.58

Liquidity  ratio  /  acid  ratio

1.52

120

0.69

16.95

0.59

-51.64

1.22

-2.40

1.25

Current  debt  ratio

1.31

-56.91

3.04

-13.39

3.51

247

1.01

-14.41

1.18

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

35,972

-8.56

39,342

-4.90

41,370

24.98

33,102

2.35

32,343

Net  worth

1,644,793

1.71

1,617,133

1.97

1,585,820

1.72

1,559,007

1.22

1,540,215

LONG TERM STABILITY

 

 

 

 

 

 

 

 

 

Gearing

5.88

-91.82

71.92

-35.83

112.07

89.44

59.16

223

18.28

Equity  in  percentage

30.88

55.41

19.87

10.14

18.04

-45.25

32.95

3.84

31.73

Total  debt  ratio

2.24

-44.42

4.03

-11.23

4.54

122

2.04

-5.12

2.15

Working  capital

2,978,288

-2.00

3,038,972

-0.13

3,042,937

2.52

2,968,069

3.89

2,857,016

 

 

PROFIT  &  LOSS

 

 

 

 

 

 

 

 

 

 

Operating  Income

13,939,636

-15.16

16,430,202

-17.31

19,869,330

49.17

13,319,628

-3.18

13,756,996

Turnover

13,939,088

-15.16

16,429,491

-17.30

19,866,566

49.15

13,319,628

-3.18

13,756,996

Total  operating  expenses

13,766,496

-15.32

16,257,240

-17.46

19,696,707

48.56

13,258,566

-3.05

13,676,221

Gross  Operating  Margin

-

-

-

-

-

-

-

-

-

Operating  Charges

13,767,044

-15.32

16,257,951

-17.47

19,699,471

48.58

13,258,566

-3.05

13,676,221

Employee  costs

-

-

-

-

-

-

-

-

66

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

0

-

0

-

0

-

0

-100

66

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

9,002

3.26

8,718

-24.16

11,496

-19.67

14,310

2.64

13,942

Operating  result

172,592

0.20

172,251

1.41

169,859

178

61,062

-24.40

80,775

Total  financial  income

3

-97.11

101

-29.50

143

-21.58

182

333

42

Total  financial  expenses

136,535

-4.24

142,586

10.97

128,489

262

35,437

-34.57

54,161

Results  on  ordinary  operations before  taxation

36,060

21.15

29,766

-28.30

41,513

60.85

25,808

-3.18

26,656

Extraordinary  Income

-

-

5,652

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-100

5,652

-

0

-

0

-

0

Results  for  the  Year  Before Taxation

36,060

1.81

35,418

-14.68

41,513

60.85

25,808

-3.18

26,656

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

9,090

89.60

4,794

-58.80

11,638

65.90

7,015

-15.03

8,256

Results  on  ordinary  operations after  taxation

26,970

8.00

24,972

-16.41

29,875

58.97

18,792

2.13

18,400

Net  result

26,970

-11.93

30,624

2.51

29,875

58.97

18,792

2.13

18,401

Profit  (Loss)  for  the  Year  to  be

26,970

-11.93

30,624

2.51

29,875

58.97

18,792

2.13

18,401

Dividends

-

-

-

-

-

-

-

-

-

 

 

Industry comparison

 

Activity code

46761

Activity description

Whole of diamonds and other precious stones

 

 

Payment expectations

 

 

Industry comparison

 

Activity code

46761

Activity description

Whole of diamonds and other precious stones

Industry average payment expectation days

126.61

Industry average day sales outstanding

184.47

 

Industry quartile analysis

 

Payment expectations

 

Company result

28.31

Lower

118.32

Median

74.61

Upper

45.68

 

 

Day sales outstanding

 

Company result

68.28

Lower

102.33

Median

54.07

Upper

24.31

 

 

Shareholder details

 

Group Structure

No group structure for this company.

 

Minority Shareholders

No minority shareholders found

 

Minority Interests

No minority interest found

 

Companies that match this address

 

Business  Number

 

Company  name

Date  of  accounts

819137779

MABERA  DIAMONDS  BVBA

31/12/2012

 

Protested Bills

There is no data for this company

 

Summons

There is no data for this company

 

Bankruptcy and other legal events

There is no data for this company

 

 

Director details

 

Name

KETUL  JOGANI

Position

Principal  Manager

Start  Date

01/01/2015

Street

127 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Name

PROMIT  SURESH  SHAH

Position

Principal  Manager

Start  Date

05/08/2011

Street

127 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.71.82

Euro

1

Rs.97.97

 

 

INFORMATION DETAILS

 

Analysis Done by :

SAN

 

 

Report Prepared by :

TPT

 

               

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.