MIRA INFORM REPORT

 

 

Report No. :

327716

Report Date :

19.06.2015

 

IDENTIFICATION DETAILS

 

Name :

TEJ DIAM BVBA

 

 

Registered Office :

Hoveniersstraat 2-Bus 542, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

20.10.1995

 

 

Com. Reg. No.:

456247418

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of diamonds and other precious stones.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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                     456247418

Branche Unit Number               2073733306

Company name                        TEJ-DIAM BVBA

Address                                   HOVENIERSSTRAAT 2-BUS 542

2018 ANTWERPEN

Number of staff                        0

Date of establishment               20/10/1995

Telephone number                   032275425

 

 

Commentary

 

The business was established over 19 years ago.

No employees are recorded for this business.

The business has been at the address for over 10 years.

The business saw a decrease in their Cash Balance of 86% during the latest trading period.

Working Capital is a negative amount during the latest trading period.

Turnover in the latest trading period increased 88% on the previous trading period.

 

 

ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/06/2014

4,570,357

2,944

53,087

-15,939

30/06/2013

2,421,889

-18,315

50,651

-10,729

30/06/2012

2,997,166

5,729

46,778

-6,624

 

 

 

 

 

ACCOUNTS

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/06/2014

4,756,032

0

18,592

3,609

30/06/2013

4,482,585

0

18,592

4,681

30/06/2012

2,601,508

0

18,592

5,476

 

 

Payment expectations

 

Past payments

 

Payment expectation days

345.41

 

Industry average payment expectation days

125.71

Industry average day sales outstanding

182.11

 

Day sales outstanding

87.10

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

 

Court action type

no

 

 

 

PROTESTED BILLS

Bill amount

NSSO DETAILS

Date of summons

--

 

 

 

 

 

Company information

 

Business  number

456247418

Company  name

TEJ-DIAM  BVBA

Fax  number

 

Date  founded

20/10/1995

Company  status

active

Company  type

Private  Limited  Company (BL/LX)

Currency

Euro  (€)

Date  of  latest  accounts

30/06/2014

Activity  code

46761

Liable  for  VAT

yes

Activity  description

Wholesale  of  diamonds  and other  precious  stones

VAT  Number

BE.0456.247.418  Check  VAT number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

Company accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

Annual  accounts

30-06-2014

%

30-06-2013

%

30-06-2012

%

30-06-2011

%

30-06-2010

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

100,201

-1.16

101,375

-0.89

102,282

8.67

94,120

-7.56

101,820

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

100,201

-1.16

101,375

-0.89

102,282

8.67

94,120

-7.56

101,820

Land  &  building

93,929

0

93,929

0

93,929

0

93,929

0

93,929

Plant  &  machinery

-

-

-

-

-

-

-

-

-

Furniture  &  Vehicles

1,175

-46.12

2,181

-22.66

2,820

1381

190

-50.0

381

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

7,510

Other  tangible  assets

5,096

-3.19

5,264

-4.84

5,532

-

0

-

0

Financial  fixed  assets

-

-

-

-

-

-

-

-

-

Total  current  assets

4,655,831

6.27

4,381,210

75.30

2,499,226

31.32

1,903,090

27.50

1,492,626

Inventories

3,547,931

-0.97

3,582,513

89.91

1,886,384

58.62

1,189,230

-4.84

1,249,694

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

3,547,931

-0.97

3,582,513

89.91

1,886,384

58.62

1,189,230

-4.84

1,249,694

Trade  debtors

1,090,594

63.63

666,513

15.54

576,888

-8.47

630,271

168

235,167

Other  amounts  receivable

-

-

1,369

-45.33

2,505

13.27

2,211

50.67

1,467

Cash

17,307

-86.77

130,815

291

33,450

-58.90

81,378

1192

6,297

Miscellaneous  current  assets

0

-

0

-

0

-

0

-

0

Total  Assets

4,756,032

6.10

4,482,585

72.31

2,601,508

30.26

1,997,210

25.26

1,594,446

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

53,087

4.81

50,651

8.28

46,778

10.59

42,299

6.38

39,761

Issued  share  capital

18,592

0

18,592

0

18,592

0

18,592

0

18,592

Share  premium  account

-

-

-

-

-

-

 

-

-

 

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

34,495

7.60

32,059

13.74

28,186

18.89

23,707

11.99

21,169

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

4,702,945

6.11

4,431,934

73.48

2,554,730

30.68

1,954,911

25.74

1,554,685

Other  long  term  loans

31,174

-22.05

39,994

-18.18

48,880

-23.74

64,098

-8.56

70,098

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

31,174

-22.05

39,994

-18.18

48,880

-23.74

64,098

-8.56

70,098

Current  portion  of  long  term  debt

8,906

-4.66

9,342

-2.55

9,586

414

1,865

-78.02

8,486

Financial  debts

-

-

100,698

620

13,968

-80.84

72,923

10837

667

Trade  creditors

4,311,623

10.00

3,919,711

85.71

2,110,672

47.39

1,431,998

36.97

1,045,510

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

9,615

206

3,140

-16.27

3,750

50.0

2,500

455

450

Miscellaneous  current  liabilities

341,627

-4.85

359,048

-2.40

367,874

-3.58

381,527

-11.16

429,474

Total  current  liabilities

4,671,771

6.37

4,391,940

75.27

2,505,850

32.53

1,890,812

27.36

1,484,587

Total  Liabilities

4,756,032

6.10

4,482,585

72.31

2,601,508

30.26

1,997,210

25.26

1,594,446

 

 

Ratio  Analysis

 

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.06

7.89

-0.76

-500

0.19

72.73

0.11

13.25

-0.83

Return  on  capital  employed

3.49

17.28

-20.20

-437

5.99

126

2.65

28.19

-9.40

Return  on  total  assets  employed

0.06

14.63

-0.41

-286

0.22

57.14

0.14

21.54

-0.65

Return  on  net  assets  employed

5.55

15.35

-36.16

-395

12.25

83.93

6.66

25.64

-25.98

Sales  /  net  working  capital

-286.73

-27.02

-225.73

49.89

-452.48

-325

200.69

29.84

154.57

Stock  turnover  ratio

77.63

-47.52

147.92

135

62.94

30.42

48.26

-52.01

100.57

Creditor  days

345.41

-41.38

589.27

127

258.67

21.31

213.23

-30.58

307.18

Debtor  days

87.10

-13.29

100.45

42.99

70.25

-24.75

93.36

35.15

69.08

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.00

0

1.00

0

1.00

-0.99

1.01

0

1.01

Liquidity  ratio  /  acid  ratio

0.24

33.33

0.18

-25.00

0.24

-36.84

0.38

137

0.16

Current  debt  ratio

88.00

1.49

86.71

61.86

53.57

19.84

44.70

19.71

37.34

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

3,609

-22.89

4,681

-14.53

5,476

-46.52

10,239

389

-2,631

Net  worth

53,087

4.81

50,651

8.28

46,778

10.59

42,299

6.38

39,761

Gearing

75.50

-74.51

296.21

91.29

154.85

-52.84

328.34

64.73

199.32

Equity  in  percentage

1.12

-0.88

1.13

-37.22

1.80

-15.09

2.12

-14.86

2.49

Total  debt  ratio

88.59

1.25

87.50

60.23

54.61

18.15

46.22

18.21

39.10

Working  capital

-15,939

-48.56

-10,729

-61.98

-6,624

-153

12,278

52.73

8,039

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

4,570,357

88.71

2,421,889

-19.19

2,997,166

21.63

2,464,096

98.30

1,242,590

Total  operating  expenses

4,556,099

87.66

2,427,899

-18.48

2,978,323

21.50

2,451,290

97.32

1,242,292

Gross  Operating  Margin

17,355

173

6,351

-92.39

83,453

227

25,512

134

10,898

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

1,174

45.43

807

-19.09

998

-87.05

7,700

0.00

7,700

Operating  result

14,258

237

-6,011

-131

18,842

47.13

12,806

4193

298

Total  financial  income

1

-

-

-

0

-99

49

-

-

Total  financial  expenses

11,314

-8.04

12,304

-6.18

13,114

30.64

10,038

-5.57

10,630

Results  on  ordinary  operations  before taxation

2,944

16.08

-18,315

-419

5,729

103

2,818

27.27

-10,331

Extraordinary  Income

-

-

21,874

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-100

21,874

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

2,944

-17.28

3,560

-37.86

5,729

103

2,818

27.27

-10,331

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

509

162

-314

-125

1,250

347

279

-

-

Results  on  ordinary  operations  after taxation

2,436

13.53

-18,001

-501

4,479

76.43

2,539

24.57

-10,331

Net  result

2,436

-37.12

3,873

-13.51

4,479

76.43

2,539

24.57

-10,331

Profit  (Loss)  for  the  Year  to  be appropriated

2,436

-37.12

3,873

-13.51

4,479

76.43

2,539

24.57

-10,331

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

125.71

Industry average day sales outstanding

182.11

 

Industry quartile analysis

 

Payment expectations

 

Company result

345.41

Lower

118.32

Median

74.35

Upper

45.39

 

 

Day sales outstanding

 

Company result

87.10

Lower

101.92

Median

53.45

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

 

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

 

Companies that match this address

No companies match this address

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Name

MUKESH  SHAH

Position

Principal  Manager

Start  Date

17/12/2010

Street

50 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

Position

Non  Statutory  Partner

Start  Date

20/10/1995

Street

50 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

FORMER  DIRECTOR  DETAILS

 

Name

TANIA  OOMS

Position

Principal  Manager

Start  Date

03/11/1997

End  Date

Unknown  date

Street

137 MOESHOFSTRAAT  ANTWERPEN

Post  code

2170

Country

Belgium

 

Position

Non  Statutory  Partner

Start  Date

20/10/1995

End  Date

12/06/1997

Street

137 MOESHOFSTRAAT  ANTWERPEN

Post  code

2170

Country

Belgium

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.85

UK Pound

1

Rs.100.99

Euro

1

Rs.72.45

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.