|
Report No. : |
328984 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
NETALDIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 239, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
08.02.1999 |
|
|
|
|
Com. Reg. No.: |
465396201 |
|
|
|
|
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 |
Business number 465396201
Branche Unit Number 2093488741
Company name NETALDIAM BVBA
Address HOVENIERSSTRAAT 2-BUS
239, 2018 ANTWERPEN
Number of staff 0
Date of establishment 08/02/1999
Telephone number 032332410
The business was established over 16 years ago.
No employees are recorded for this business.
The business has been at the address for over 11 years.
The business saw an increase in their Cash Balance of 237% during the
latest trading period.
ACCOUNTS
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
24,731,317 |
197,073 |
1,382,037 |
1,669,817 |
|
31/12/2012 |
20,887,910 |
183,611 |
1,241,940 |
1,549,082 |
|
31/12/2011 |
20,535,703 |
246,685 |
1,112,053 |
1,443,174 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
8,067,871 |
0 |
830,000 |
157,576 |
|
31/12/2012 |
6,952,579 |
0 |
830,000 |
148,364 |
|
31/12/2011 |
5,640,448 |
0 |
830,000 |
177,534 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
55.75 |
|
|
Industry average payment expectation days |
124.51 |
Industry
average day sales outstanding |
180.99 |
|
|
Day sales outstanding |
100.37 |
|
|
|
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
no |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
|
Business
number |
465396201 |
Company name |
NETALDIAM
BVBA |
|
Fax number |
|
Date founded |
08/02/1999 |
|
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.0465.396.201
Check VAT number |
|
Belgian
Bullettin of Acts |
moniteur
belge |
|
|
|
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 |
426,438 |
-3.59 |
442,332 |
10.25 |
|
401,221 |
2981 |
13,019 |
-2.22 |
13,314 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
|
- |
0 |
- |
0 |
|
Tangible fixed assets |
421,438 |
-3.63 |
437,332 |
10.38 |
|
396,221 |
4841 |
8,019 |
-3.55 |
8,314 |
|
Land & building |
416,853 |
-3.69 |
432,810 |
11.25 |
|
389,057 |
- |
- |
- |
- |
|
Plant & machinery |
3,849 |
-14.87 |
4,522 |
-3.95 |
4,708 |
|
51.47 |
3,108 |
228 |
947 |
|
Furniture & Vehicles |
736 |
- |
- |
- |
2,456 |
|
-50.00 |
4,911 |
-33.34 |
7,367 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
|
- |
0 |
- |
0 |
|
Financial fixed assets |
5,000 |
0 |
5,000 |
0 |
5,000 |
|
0 |
5,000 |
0 |
5,000 |
|
Total current assets |
7,641,433 |
17.38 |
6,510,247 |
24.26 |
|
5,239,227 |
6.70 |
4,910,070 |
2.85 |
4,774,136 |
|
Inventories |
745,446 |
65.78 |
449,653 |
49.81 |
|
300,140 |
57.51 |
190,558 |
2.15 |
186,547 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
|
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
|
- |
0 |
- |
0 |
|
Finished goods |
745,446 |
65.78 |
449,653 |
49.81 |
|
300,140 |
57.51 |
190,558 |
- |
0 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
|
- |
0 |
-100 |
186,547 |
|
Trade debtors |
6,800,582 |
12.90 |
6,023,287 |
22.55 |
|
4,915,118 |
4.93 |
4,684,173 |
2.55 |
4,567,837 |
|
Other amounts receivable |
27,700 |
76.50 |
15,693 |
543 |
2,438 |
|
-81.24 |
12,994 |
973 |
1,210 |
|
Cash |
66,443 |
237 |
19,699 |
-1.40 |
|
19,978 |
-6.74 |
21,421 |
15.53 |
18,542 |
|
Miscellaneous current assets |
1,262 |
-34.11 |
1,916 |
23.35 |
1,553 |
|
68.07 |
924 |
- |
0 |
|
Total Assets |
8,067,871 |
16.04 |
6,952,579 |
23.26 |
|
5,640,448 |
14.57 |
4,923,089 |
2.83 |
4,787,450 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
|
1,382,037 |
11.28 |
1,241,940 |
11.68 |
1,112,053 |
18.23 |
940,562 |
227 |
287,426 |
|
Issued share capital |
|
830,000 |
0 |
830,000 |
0 |
830,000 |
0 |
830,000 |
4364 |
18,592 |
|
Share premium account |
- |
- |
- |
|
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
552,037 |
34.01 |
411,940 |
46.05 |
282,053 |
155 |
110,562 |
-58.87 |
268,834 |
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
6,685,834 |
17.08 |
5,710,640 |
26.11 |
4,528,395 |
13.71 |
3,982,527 |
-11.50 |
4,500,024 |
|
Other long term loans |
714,218 |
-4.70 |
749,474 |
2.34 |
732,342 |
95.71 |
374,200 |
149 |
150,000 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
714,218 |
-4.70 |
749,474 |
2.34 |
732,342 |
95.71 |
374,200 |
149 |
150,000 |
|
Current portion of long term
debt |
46,069 |
-0.43 |
46,269 |
182 |
16,374 |
- |
- |
- |
- |
|
Financial debts |
2,182,508 |
5.76 |
2,063,616 |
87.34 |
1,101,520 |
-1.11 |
1,113,848 |
10.82 |
1,005,063 |
|
Trade creditors |
3,720,844 |
31.03 |
2,839,586 |
8.30 |
2,621,981 |
6.85 |
2,453,981 |
-15.50 |
2,904,247 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
12,000 |
55.19 |
7,732 |
-81.08 |
40,878 |
138 |
17,125 |
26.85 |
13,500 |
|
Miscellaneous current liabilities |
10,194 |
157 |
3,962 |
-74.10 |
15,300 |
-34.54 |
23,373 |
-94.53 |
427,214 |
|
Total current liabilities |
5,971,616 |
20.37 |
4,961,165 |
30.69 |
3,796,053 |
5.20 |
3,608,327 |
-17.05 |
4,350,024 |
|
Total Liabilities |
8,067,871 |
16.04 |
6,952,579 |
23.26 |
5,640,448 |
14.57 |
4,923,089 |
2.83 |
4,787,450 |
RATIO ANALYSIS
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.80 |
-9.09 |
0.88 |
-26.67 |
1.20 |
41.18 |
0.85 |
- |
- |
|
Return
on capital employed |
9.40 |
1.95 |
9.22 |
-31.04 |
13.37 |
26.37 |
10.58 |
-44.49 |
19.06 |
|
Return
on total assets employed |
2.44 |
-7.58 |
2.64 |
-39.59 |
4.37 |
54.42 |
2.83 |
62.64 |
1.74 |
|
Return
on net assets employed |
14.26 |
-3.52 |
14.78 |
-33.36 |
22.18 |
49.97 |
14.79 |
-49.02 |
29.01 |
|
Sales
/ net working capital |
14.81 |
9.87 |
13.48 |
-5.27 |
14.23 |
13.66 |
12.52 |
- |
- |
|
Stock
turnover ratio |
3.01 |
40.0 |
2.15 |
47.26 |
1.46 |
24.79 |
1.17 |
- |
- |
|
Creditor
days |
55.75 |
10.55 |
50.43 |
7.16 |
47.06 |
-15.53 |
55.71 |
- |
- |
|
Debtor days |
100.37 |
-4.64 |
105.25 |
20.48 |
87.36 |
-16.74 |
104.93 |
- |
- |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.28 |
-2.29 |
1.31 |
-5.07 |
1.38 |
1.47 |
1.36 |
23.64 |
1.10 |
|
Liquidity
ratio / acid ratio |
1.15 |
-5.74 |
1.22 |
-6.15 |
1.30 |
-0.76 |
1.31 |
24.76 |
1.05 |
|
Current
debt ratio |
4.32 |
8.27 |
3.99 |
17.01 |
3.41 |
-11.20 |
3.84 |
-74.62 |
15.13 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
157,576 |
6.21 |
148,364 |
-16.43 |
177,534 |
67.24 |
106,155 |
68.27 |
63,087 |
|
Net worth |
1,382,037 |
11.28 |
1,241,940 |
11.68 |
1,112,053 |
18.23 |
940,562 |
227 |
287,426 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
212.93 |
-7.51 |
230.23 |
38.38 |
166.38 |
5.16 |
158.21 |
-60.63 |
401.86 |
|
Equity in percentage |
17.13 |
-4.09 |
17.86 |
-9.43 |
19.72 |
3.19 |
19.11 |
218 |
6.00 |
|
Total debt ratio |
4.84 |
5.22 |
4.60 |
13.02 |
4.07 |
-3.78 |
4.23 |
-72.99 |
15.66 |
|
Working capital |
1,669,817 |
7.79 |
1,549,082 |
7.34 |
1,443,174 |
10.86 |
1,301,743 |
206 |
424,112 |
|
PROFIT
& LOSS |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
24,749,117 |
18.40 |
20,903,810 |
1.79 |
20,535,703 |
26.03 |
16,293,766 |
- |
- |
|
Turnover |
24,731,317 |
18.40 |
20,887,910 |
1.72 |
20,535,703 |
26.03 |
16,293,766 |
- |
- |
|
Total
operating expenses |
24,359,478 |
18.53 |
20,550,563 |
1.05 |
20,337,387 |
26.48 |
16,079,333 |
- |
- |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
271,282 |
|
Operating
Charges |
24,377,278 |
18.53 |
20,566,463 |
1.13 |
20,337,387 |
26.48 |
16,079,333 |
- |
- |
|
Employee
costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages
and salary |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
employee costs |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
17,478 |
-5.41 |
18,477 |
205 |
6,043 |
100 |
3,019 |
9.94 |
2,746 |
|
Operating
result |
371,839 |
10.22 |
337,347 |
70.11 |
198,316 |
-7.52 |
214,433 |
-19.52 |
266,442 |
|
Total
financial income |
1,641 |
-53.00 |
3,491 |
-97.67 |
149,842 |
529 |
23,807 |
264422 |
9 |
|
Total
financial expenses |
176,407 |
12.20 |
157,226 |
54.94 |
101,473 |
2.39 |
99,104 |
-45.87 |
183,083 |
|
Results on ordinary operations
before taxation |
197,073 |
7.33 |
183,611 |
-25.57 |
246,685 |
77.30 |
139,136 |
66.89 |
83,368 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year Before
Taxation |
197,073 |
7.33 |
183,611 |
-25.57 |
246,685 |
77.30 |
139,136 |
66.89 |
83,368 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
56,975 |
6.05 |
53,724 |
-28.55 |
75,195 |
108 |
36,000 |
56.34 |
23,027 |
|
Results on ordinary operations
after taxation |
140,098 |
7.86 |
129,887 |
-24.26 |
171,490 |
66.28 |
103,136 |
70.92 |
60,341 |
|
Net result |
140,098 |
7.86 |
129,887 |
-24.26 |
171,490 |
66.28 |
103,136 |
70.92 |
60,341 |
|
Profit (Loss) for the Year to be appropriated |
140,098 |
7.86 |
129,887 |
-24.26 |
171,490 |
66.28 |
103,136 |
70.92 |
60,341 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Industry
comparison
|
|
|
Activity code |
46761 |
|
Activity description |
Whole of diamonds and other precious stones |
Payment
information
|
|
|
Payment
expectations |
|
|
Payment expectation days |
55.75 |
|
Day sales outstanding |
100.37 |
|
|
|
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Whole of diamonds and other precious stones |
|
Industry average payment expectation days |
124.51 |
|
Industry average day sales outstanding |
180.99 |
|
Industry quartile
analysis |
|
|
Payment
expectations |
|
|
Company result |
55.75 |
|
Lower |
117.11 |
|
Median |
74.23 |
|
Upper |
45.68 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
100.37 |
|
Lower |
101.52 |
|
Median |
53.45 |
|
Upper |
24.31 |
Group
Structure
No group structure for this
company.
Minority
Shareholders
No minority shareholders found
Minority
Interests
No minority interest found
Individual
Shareholders
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Devendra |
Middle name |
- |
|
Surname |
Sojitra |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
28/01/1999 |
End date |
- |
|
Percentage
owned |
100% |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street name |
Lange Herentalsestraat |
House number |
120 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
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
CURRENT DIRECTOR
DETAILS
|
Name |
DEVENDRA KANTILAL SOJITRA |
|
Position |
Principal Manager |
|
Start Date |
16/08/2010 |
|
Date of
birth |
10/08/1976 |
|
Street |
120 LANGE HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FORMER DIRECTOR
DETAILS
|
Name |
GIRDHARBHAL GAJERA |
|
Position |
Principal
Manager |
|
Start Date |
01/01/2009 |
|
End Date |
Unknown
date |
|
Street |
122 LANGE
HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
GIRDHARBHAI
KASTERBEN GAJERA |
|
Position |
Principal
Manager |
|
Start Date |
14/09/2012 |
|
End Date |
31/12/2012 |
|
Street |
122 LANGE
HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
KASTURBEN GIRDHARBHAI
GAJERA |
|
Position |
Principal
Manager |
|
Start Date |
16/08/2010 |
|
End Date |
31/10/2011 |
|
Street |
122 LANGE
HERENTALSESTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.