MIRA INFORM REPORT

 

 

Report No. :

322601

Report Date :

13.05.2015

 

IDENTIFICATION DETAILS

 

Name :

JAY DIAMOND BVBA

 

 

Registered Office :

Pelikaanstraat 62 2018 Antwerpen

 

 

Country :

Belgium

 

 

Date of Incorporation :

30.09.2014

 

 

Com. Reg. No.:

563677787

 

 

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 :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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 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                     563677787

Branche Unit Number               2235555931

Company name                        JAY DIAMOND BVBA

Address                                   PELIKAANSTRAAT 62

2018 ANTWERPEN

Date of establishment               30/09/2014

Telephone number

Fax number

 

 

Commentary

 

No employees are recorded for this business.

The business has been at the address for over 7 months.

 

 

Accounts

 

No key Financials Registered

 

 

Payment expectations

 

Past payments                                                             Payment expectation days        -

Industry average payment 126.46                                 Industry average day sales       185.18

Outstanding                                                                 expectation days

 

Court data summary

BANKRUPTCY DETAILS

Court action type no

PROTESTED BILLS

Bill amount -

NSSO DETAILS

Date of summons -

 

 

Company information

 

Business number                     563677787        Company name            JAY DIAMOND BVBA

Fax number                                                      Date founded                30/09/2014

Company status                       active               Company type              Private Limited Company (BL/LX)

 

Currency                                  Euro (€)            Date of latest accounts -

Activity code                            46761

Activity description                  Wholesale of diamonds and

other precious stones

 

Belgian Bullettin of Acts           moniteur belge  Liable for VAT yes

Publications

VAT Number                BE.0563.677.787 Check VAT number

 

 

Contractor details

 

Registered contractor

number                                                -

Contractor description

Date struck off register             -

 

Personnel (NSSO classification)

Code                                                    -

Description                                          -

 

Joint Industrial Committee (JIC)

 

Annual accounts

 

there is no data for this company

 

 

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

expectation days                       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

 

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                            MAHENDRAKUMAR CHHOGALAL JAIN

Position                        Principal Manager

Start Date                     30/09/2014

Street                           116 LANGE HERENTALSESTRAAT ANTWERPEN

Post code 2018

Country                         Belgium

 

Former director details

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.20

UK Pound

1

Rs.100.03

Euro

1

Rs.71.91

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.