MIRA INFORM REPORT

 

 

Report No. :

321926

Report Date :

13.05.2015

 

IDENTIFICATION DETAILS

 

Name :

DIAMALT BVBA

 

 

Registered Office :

Pelikaanstraat 62 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.01.1961

 

 

Com. Reg. No.:

404992519

 

 

Legal Form :

Private Limited Company (BL/LX)

 

 

LINE OF BUSINESS :

WHOLESALE OF DIAMONDS AND OTHER PRECIOUS STONES.

 

 

No. of Employee :

2

 

 

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 – 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 EUTRADEhttps://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.pngpartners. 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 government maintained the budget deficit below the euro-zone threshold of 3% of GDP for a second year in a row. 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                     404992519

Branche Unit Number               2002800174

Company name                        DIAMALT BVBA

Address                                   PELIKAANSTRAAT 62

2018 ANTWERPEN

Number of staff                        2

Date of establishment               01/01/1961

Telephone number                   032330024

Fax number                              032264073

 

 

Commentary

 

The business was established over 45 years ago.

The business has 1 employees.

The business has been at the address for over 18 years.

Operating Result in the latest trading period decreased 105% on the previous trading period.

Pre-tax profits increased by 97% compared to the previous trading period.

The business saw a decrease in their Cash Balance of 47% during the latest trading period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

 

8,739

932,009

710,963

31/12/2012

 

4,432

925,575

713,867

31/12/2011

 

5,703

920,143

705,835

 

ACCOUNTS

 

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

2,687,178

2

18,592

13,334

31/12/2012

2,487,071

2

18,592

9,228

31/12/2011

2,162,643

2

18,592

6,959

 

 

Trends

 

Profitability

Liquidity

Net  worth

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

126.46

Industry  average  day  sales

185.18

expectation  days

 

outstanding

 

Day  sales  outstanding

-

 

 

 

 

Court data summary

 

BANKRUPTCY DETAILS

Court action type                       No

 

PROTESTED BILLS

Bill amount                               -

 

NSSO DETAILS

Date of summons                     -

 

 

Company information

 

Business  number

404992519

Company  name

DIAMALT  BVBA

Fax  number

032264073

Date  founded

01/01/1961

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

VAT  Number

BE.0404.992.519  Check  VAT

 

other  precious  stones

 

number

Belgian  Bullettin  of  Acts

moniteur  belge

 

 

 

 

CONTRACTOR DETAILS

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

 

 

PERSONNEL  (NSSO  CLASSIFICATION)

 

Code

-

Description

-

 

 

JOINT  INDUSTRIAL  COMMITTEE  (JIC)

 

--

 

 

 

 

SIGNIFICANT  EVENTS

 

Event  Date

18/09/2007

Event  Description

resignation-appointment  of  director(s)

Event  Details

Commentaar  18-09-2007:  Benoeming  tot  zaakvoerder  voor  onbepaalde  duur  van  dhr.  Tugendhaft Thierry.

 

 

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

221,046

4.41

211,708

-1.21

214,308

6.15

201,900

-0.57

203,056

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

19,916

88.28

10,578

-19.73

13,178

1611

770

-60.02

1,926

Land  &  building

-

-

-

-

-

-

-

-

-

Plant  &  machinery

6,416

446

1,174

35.41

867

566

130

-

-

Furniture  &  Vehicles

13,500

43.56

9,404

-23.61

12,311

1823

640

-66.77

1,926

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

201,130

0

201,130

0

201,130

0

201,130

0

201,130

Total  current  assets

2,466,132

8.38

2,275,363

16.78

1,948,335

6.10

1,836,276

2.52

1,791,189

Inventories

1,056,468

-5.09

1,113,120

19.90

928,355

-7.47

1,003,326

-10.32

1,118,733

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

1,056,468

-5.09

1,113,120

19.90

928,355

-7.47

1,003,326

-10.32

1,118,733

Trade  debtors

1,163,282

60.96

722,729

-26.42

982,223

27.03

773,203

58.34

488,319

Other  amounts  receivable

32,893

-4.97

34,613

23.98

27,919

1.25

27,573

3.98

26,518

Cash

213,489

-47.27

404,901

4015

9,838

-69.42

32,174

-79.59

157,619

Miscellaneous  current  assets

0

-

0

-

0

-

0

-

0

Total  Assets

2,687,178

8.05

2,487,071

15.00

2,162,643

6.11

2,038,176

2.20

1,994,245

 

 

LIABILITIES

 

Total  shareholders  equity

932,009

0.70

925,575

0.59

920,143

0.37

916,714

0.25

914,451

Issued  share  capital

18,592

0

18,592

0

18,592

0

18,592

0

18,592

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

913,417

0.71

906,983

0.60

901,551

0.38

898,122

0.25

895,859

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

1,755,169

12.40

1,561,496

25.67

1,242,500

10.79

1,121,462

3.86

1,079,794

Other  long  term  loans

-

-

-

-

-

-

-

-

-

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

-

-

-

-

-

-

-

-

-

Financial  debts

122,063

1.22

120,597

-47.66

230,392

87.28

123,020

225

37,804

Trade  creditors

1,302,298

17.87

1,104,850

63.38

676,254

1.68

665,051

-5.73

705,496

Amounts  Payable  for  Taxes,

6,421

-22.18

8,251

13.04

7,299

52.89

4,774

-39.18

7,850

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

324,387

-1.04

327,798

-0.23

328,555

-0.02

328,617

-0.01

328,644

Total  current  liabilities

1,755,169

12.40

1,561,496

25.67

1,242,500

10.79

1,121,462

3.86

1,079,794

Total  Liabilities

2,687,178

8.05

2,487,071

15.00

2,162,643

6.11

2,038,176

2.20

1,994,245

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

0.94

95.83

0.48

-22.58

0.62

-63.31

1.69

-28.39

2.36

Return  on  total  assets  employed

0.33

83.33

0.18

-30.77

0.26

-65.79

0.76

-29.63

1.08

Return  on  net  assets  employed

0.94

95.83

0.48

-22.58

0.62

-63.31

1.69

-28.39

2.36

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

 

SHORT TERM STABILITY

 

Current  ratio

1.41

-3.42

1.46

-7.01

1.57

-4.27

1.64

-1.20

1.66

Liquidity  ratio  /  acid  ratio

0.80

8.11

0.74

-9.76

0.82

10.81

0.74

19.35

0.62

Current  debt  ratio

1.88

11.24

1.69

25.19

1.35

10.66

1.22

3.39

1.18

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

13,334

44.50

9,228

32.61

6,959

74.94

3,978

2.63

3,876

Net  worth

932,009

0.70

925,575

0.59

920,143

0.37

916,714

0.25

914,451

 

LONG TERM STABILITY

 

Gearing

13.10

0.54

13.03

-47.96

25.04

86.59

13.42

224

4.13

Equity  in  percentage

34.68

-6.82

37.22

-12.53

42.55

-5.40

44.98

-1.90

45.85

Total  debt  ratio

1.88

11.24

1.69

25.19

1.35

10.66

1.22

3.39

1.18

Working  capital

710,963

-0.41

713,867

1.14

705,835

-1.26

714,814

0.48

711,395

 

 

PROFIT & LOSS

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

88,802

-45.39

162,621

67.18

97,271

104

47,457

-59.13

116,116

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

84,611

3.06

82,098

29.51

63,389

33.69

47,414

-4.22

49,501

Wages  and  salary

58,161

3.36

56,269

8.50

51,861

51.55

34,221

-5.04

36,036

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

25,730

1.46

25,359

152

10,060

-20.52

12,657

-2.34

12,960

Other  employee  costs

720

53.19

470

-67.98

1,468

173

536

6.14

505

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

6,900

81.77

3,796

7.54

3,530

105

1,715

-24.68

2,277

Operating  result

-3,867

-105

75,235

161

28,781

1078

-2,668

-104

63,145

Total  financial  income

46,190

-78.05

210,398

26.91

165,787

-56.88

384,513

5954

6,351

Total  financial  expenses

33,584

-88.06

281,201

48.89

188,865

-48.45

366,361

664

47,935

Results  on  ordinary  operations  before  taxation

8,739

97.18

4,432

-22.29

5,703

-63.17

15,484

-28.19

21,561

Extraordinary  Income

-

-

1,000

-

-

-

515

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-100

1,000

-

0

-100

515

-

0

Results  for  the  Year  Before  Taxation

8,739

60.88

5,432

-4.75

5,703

-64.35

15,999

-25.80

21,561

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

2,305

-

-

-

2,274

-83.44

13,736

-31.19

19,962

Results  on  ordinary  operations  after  taxation

6,434

45.17

4,432

29.25

3,429

96.17

1,748

9.32

1,599

Net  result

6,434

18.45

5,432

58.41

3,429

51.52

2,263

41.53

1,599

Profit  (Loss)  for  the  Year  to  be  appropiated

6,434

18.45

5,432

58.41

3,429

51.52

2,263

41.53

1,599

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2013

 

Full-time  Employees

2

Part-time  Employees

1

Total  Fte  Employees

3

Number  of  hours  worked

 

Full-time  Employees

2,605

Part-time  Employees

1,157

Total

3,762

Personnel  Charges

 

Full-time  Employees

58,590

Part-time  Employees

26,021

Total

84,611

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

3

Actual  working  hours

3,726

Personnel  Charges

82,098

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

2

1

3

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding Substitution

-

-

-

 

 

Gender  and  Education Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

2

-

2

Higher  education  (non university)

-

-

-

Higher  education(university)

-

-

-

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

1

1

Higher  education  (non university)

-

-

-

Higher  education(university)

-

-

-

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

-

1

1

Blue  collar  worker

2

-

2

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

-

Actual  working  hours

-

Cost  of  temporary  staff

-

 

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

-

-

-

Leavers

-

-

-

 

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

 

INDUSTRY COMPARISON

 

Activity code                            46761

Activity description                 Wholesale of diamonds and other precious stones

industry average credit

rating                                       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

126.46

Industry average day sales

outstanding

185.18

 

 

INDUSTRY QUARTILE ANALYSIS

 

Payment expectations

Company result                        -

Lower                                       120.34

Median                                     74.35

Upper                                       45.68

 

 

DAY SALES OUTSTANDING

 

Company result                        -

Lower                                       101.92

Median                                     54.07

Upper                                       24.31

 

 

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

 

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

THIERRY  TUGENDHAFT

Position

Principal  Manager

Start  Date

14/10/2010

Street

13 MUSEUMSTRAAT  ANTWERPEN

Post  code

2000

Country

Belgium

 

 

FORMER DIRECTOR DETAILS

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.20

UK Pound

1

Rs.100.23

Euro

1

Rs.71.91

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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.