|
Report No. : |
348911 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIAMSTONES BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 53-Bus 8 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.05.1990 |
|
|
|
|
Com. Reg. No.: |
440710095 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones. |
|
|
|
|
No. of Employees : |
7 |
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 |
440710095 |
|
Branche
Unit Number |
2048572890 |
|
Company
name |
DIAMSTONES BVBA |
|
Address |
HOVENIERSSTRAAT 53-BUS 8 |
|
|
2018 ANTWERPEN |
|
Number
of staff |
7 |
|
Date
of establishment |
16/05/1990 |
|
Telephone
number |
032329093 |
|
Fax number |
32329560 |
The business was
established over 25 years ago.
The business has 7
employees.
The business has
been at the address for over 13
years.
Pre-tax profits decreased
by 33% compared to the previous
trading period.
The business saw an
increase in their Cash Balance of 27%
during the latest trading period.
|
DATE
OF LATEST
ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
31,460,117 |
71,819 |
2,785,175 |
1,746,594 |
|
31/12/2012 |
31,085,031 |
108,187 |
3,186,930 |
1,540,484 |
|
31/12/2011 |
40,896,694 |
228,712 |
3,103,711 |
1,232,579 |
ACCOUNTS
|
DATE
OF LATEST
ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
13,184,442 |
7 |
1,123,143 |
122,156 |
|
31/12/2012 |
13,217,009 |
6 |
1,516,980 |
139,604 |
|
31/12/2011 |
12,937,927 |
7 |
1,516,980 |
227,050 |
|
Past payments |
|
Payment expectation days |
63.12 |
|
Industry average payment |
123.95 |
Industry average day sales |
181.44 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
87.15 |
|
|
BANKRUPTCY
DETAILS
|
Court
action type |
no |
PROTESTED
BILLS
|
Bill
amount |
- |
|
NSSO
DETAILS |
|
|
Date
of summons |
- |
|
Business
number |
440710095 |
Company
name |
DIAMSTONES BVBA |
|
Fax number |
32329560 |
Date
founded |
16/05/1990 |
|
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.0440.710.095 Check VAT number |
|
Belgian
Bullettin of Acts Publications |
moniteur belge |
|
|
|
Registered
contractor |
- |
|
number |
|
|
Contractor
description |
- |
|
Date
struck off register |
|
|
|
|
|
PERSONNEL
(NSSO CLASSIFICATION) |
|
|
Code |
- |
|
Description |
- |
|
|
|
|
JOINT
INDUSTRIAL COMMITTEE (JIC) |
|
|
JIC Code |
218 |
|
Description |
Additional national joint committee for
the employees |
|
category |
|
|
|
|
|
JIC Code |
324 |
|
Description |
Joint committee for the industry
and the trade in diamant |
|
category |
|
|
|
|
|
SIGNIFICANT
EVENTS |
|
|
Event Date |
06/03/2013 |
|
Event
Description |
resignation-appointment of director(s) |
|
Event Details |
Commentaar 06-03-2013: Benoemd als
zaakvoerder-directeur Kothari Rajiv. |
|
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 |
1,939,436 |
-4.48 |
2,030,403 |
-2.59 |
2,084,299 |
-0.85 |
2,102,227 |
-1.09 |
2,125,343 |
|
Intangible fixed assets |
674 |
-71.84 |
2,394 |
-41.38 |
4,084 |
-34.49 |
6,233 |
-36.28 |
9,783 |
|
Tangible fixed assets |
1,931,753 |
-4.41 |
2,020,772 |
-2.44 |
2,071,395 |
-0.74 |
2,086,872 |
-0.94 |
2,106,639 |
|
Land & building |
1,827,185 |
-5.68 |
1,937,137 |
-1.39 |
1,964,386 |
-1.37 |
1,991,634 |
-1.35 |
2,018,883 |
|
Plant & machinery |
57,207 |
73.00 |
33,067 |
-18.13 |
40,391 |
-16.89 |
48,599 |
-14.85 |
57,075 |
|
Furniture & Vehicles |
47,361 |
-6.34 |
50,568 |
-24.09 |
66,618 |
42.84 |
46,639 |
52.01 |
30,681 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
7,010 |
-3.14 |
7,237 |
-17.96 |
8,821 |
-3.29 |
9,121 |
2.24 |
8,921 |
|
Total current assets |
11,245,006 |
0.52 |
11,186,606 |
3.07 |
10,853,628 |
-4.22 |
11,332,064 |
-1.25 |
11,475,662 |
|
Inventories |
3,612,975 |
24.08 |
2,911,740 |
-7.66 |
3,153,317 |
4.18 |
3,026,815 |
22.98 |
2,461,262 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
3,612,975 |
24.08 |
2,911,740 |
-7.66 |
3,153,317 |
4.18 |
3,026,815 |
22.98 |
2,461,262 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
7,511,754 |
-7.41 |
8,112,974 |
13.00 |
7,179,466 |
-2.39 |
7,355,552 |
-13.58 |
8,511,056 |
|
Other amounts receivable |
10,862 |
-75.54 |
44,414 |
-55.24 |
99,236 |
818 |
10,805 |
-54.81 |
23,909 |
|
Cash |
80,758 |
27.23 |
63,473 |
-83.28 |
379,533 |
-57.42 |
891,241 |
93.07 |
461,608 |
|
Miscellaneous current assets |
28,657 |
-46.94 |
54,006 |
28.35 |
42,075 |
-11.70 |
47,651 |
167 |
17,827 |
|
Total Assets |
13,184,442 |
-0.25 |
13,217,009 |
2.16 |
12,937,927 |
-3.69 |
13,434,290 |
-1.23 |
13,601,006 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
2,785,849 |
-12.65 |
3,189,324 |
2.62 |
3,107,795 |
5.60 |
2,942,937 |
4.01 |
2,829,610 |
|
Issued share capital |
1,123,143 |
-25.96 |
1,516,980 |
0 |
1,516,980 |
0 |
1,516,980 |
0 |
1,516,980 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
993,309 |
-4.33 |
1,038,270 |
0 |
1,038,270 |
0 |
1,038,270 |
0 |
1,038,270 |
|
Reserves |
669,397 |
5.57 |
634,074 |
14.76 |
552,545 |
42.52 |
387,687 |
41.31 |
274,360 |
|
Provisions for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
10,398,592 |
3.70 |
10,027,685 |
2.01 |
9,830,132 |
-6.30 |
10,491,354 |
-2.60 |
10,771,395 |
|
Other long term loans |
800,182 |
184 |
281,563 |
158 |
109,083 |
-13.48 |
126,083 |
-11.88 |
143,083 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
99,999 |
0.00 |
100,000 |
0 |
100,000 |
0 |
100,000 |
0 |
100,000 |
|
Total long term debts |
900,181 |
135 |
381,563 |
82.49 |
209,083 |
-7.52 |
226,083 |
-6.99 |
243,083 |
|
Current portion of long term debt |
16,999 |
-0.01 |
17,000 |
0 |
17,000 |
0 |
17,000 |
0 |
17,000 |
|
Financial debts |
3,988,050 |
18.15 |
3,375,487 |
188 |
1,168,617 |
-60.96 |
2,993,564 |
-26.45 |
4,069,975 |
|
Trade creditors |
5,389,813 |
-12.23 |
6,140,678 |
-25.48 |
8,240,315 |
15.66 |
7,124,647 |
12.38 |
6,339,930 |
|
Amounts Payable for Taxes, |
91,890 |
-10.64 |
102,833 |
-46.93 |
193,769 |
55.36 |
124,720 |
36.14 |
91,614 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
11,660 |
15.18 |
10,124 |
650 |
1,348 |
-74.74 |
5,339 |
-45.48 |
9,793 |
|
Total current liabilities |
9,498,412 |
-1.53 |
9,646,122 |
0.26 |
9,621,049 |
-6.28 |
10,265,271 |
-2.50 |
10,528,312 |
|
Total Liabilities |
13,184,442 |
-0.25 |
13,217,009 |
2.16 |
12,937,927 |
-3.69 |
13,434,290 |
-1.23 |
13,601,006 |
|
RATIO
ANALYSIS |
|||||||||
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.23 |
-34.29 |
0.35 |
-37.50 |
0.56 |
19.15 |
0.47 |
161 |
0.18 |
|
Return on capital employed |
1.95 |
-35.64 |
3.03 |
-56.09 |
6.90 |
59.35 |
4.33 |
207 |
1.41 |
|
Return on total assets employed |
0.54 |
-34.15 |
0.82 |
-53.67 |
1.77 |
73.53 |
1.02 |
218 |
0.32 |
|
Return on net assets employed |
2.58 |
-23.89 |
3.39 |
-53.94 |
7.36 |
57.94 |
4.66 |
204 |
1.53 |
|
Sales / net working capital |
18.01 |
-10.75 |
20.18 |
-39.18 |
33.18 |
20.83 |
27.46 |
8.32 |
25.35 |
|
Stock turnover ratio |
11.48 |
22.52 |
9.37 |
21.53 |
7.71 |
-25.36 |
10.33 |
0.78 |
10.25 |
|
Creditor days |
63.12 |
-13.28 |
72.79 |
-2.10 |
74.35 |
-17.29 |
89.89 |
-7.94 |
97.64 |
|
Debtor days |
87.15 |
-8.51 |
95.26 |
48.66 |
64.08 |
-30.07 |
91.64 |
-29.17 |
129.38 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.18 |
1.72 |
1.16 |
2.65 |
1.13 |
2.73 |
1.10 |
0.92 |
1.09 |
|
Liquidity ratio / acid ratio |
0.80 |
-6.98 |
0.86 |
7.50 |
0.80 |
-1.23 |
0.81 |
-5.81 |
0.86 |
|
Current debt ratio |
3.41 |
12.91 |
3.02 |
-2.58 |
3.10 |
-11.17 |
3.49 |
-6.18 |
3.72 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
122,156 |
-12.50 |
139,604 |
-38.51 |
227,050 |
26.12 |
180,027 |
64.34 |
109,545 |
|
Net worth |
2,785,175 |
-12.61 |
3,186,930 |
2.68 |
3,103,711 |
5.69 |
2,936,703 |
4.14 |
2,819,827 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
172.49 |
49.73 |
115.20 |
176 |
41.66 |
-60.91 |
106.58 |
-28.70 |
149.49 |
|
Equity in percentage |
21.13 |
-12.43 |
24.13 |
0.42 |
24.03 |
9.63 |
21.92 |
5.28 |
20.82 |
|
Total debt ratio |
3.73 |
18.79 |
3.14 |
-0.63 |
3.16 |
-11.24 |
3.56 |
-6.56 |
3.81 |
|
Working capital |
1,746,594 |
13.38 |
1,540,484 |
24.98 |
1,232,579 |
15.54 |
1,066,793 |
12.61 |
947,350 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT & LOSS |
|||||||||
|
Operating Income |
31,649,176 |
0.64 |
31,449,377 |
-23.60 |
41,162,949 |
39.49 |
29,509,150 |
21.79 |
24,229,819 |
|
Turnover |
31,460,117 |
1.21 |
31,085,031 |
-23.99 |
40,896,694 |
39.60 |
29,296,541 |
22.01 |
24,011,373 |
|
Total operating expenses |
31,167,888 |
1.22 |
30,791,186 |
-23.89 |
40,454,713 |
39.84 |
28,929,771 |
22.07 |
23,699,460 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
31,356,947 |
0.65 |
31,155,532 |
-23.49 |
40,720,968 |
39.73 |
29,142,381 |
21.84 |
23,917,906 |
|
Employee costs |
407,584 |
-4.47 |
426,647 |
14.63 |
372,191 |
12.72 |
330,204 |
-4.62 |
346,197 |
|
Wages and salary |
320,559 |
-4.71 |
336,406 |
14.94 |
292,691 |
13.51 |
257,861 |
-5.17 |
271,930 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
78,828 |
-2.28 |
80,670 |
16.48 |
69,260 |
7.30 |
64,546 |
-1.90 |
65,794 |
|
Other employee costs |
8,197 |
-14.35 |
9,570 |
-6.54 |
10,240 |
31.36 |
7,796 |
-7.99 |
8,473 |
|
Director remuneration |
89,707 |
- |
- |
- |
- |
- |
- |
- |
86,518 |
|
Amortization and depreciation |
59,376 |
2.24 |
58,075 |
-6.62 |
62,191 |
-6.76 |
66,700 |
2.28 |
65,213 |
|
Operating result |
292,229 |
-0.55 |
293,846 |
-33.52 |
441,981 |
20.51 |
366,770 |
17.59 |
311,913 |
|
Total financial income |
19,816 |
11468 |
171 |
-92.39 |
2,250 |
87.09 |
1,203 |
710 |
148 |
|
Total financial expenses |
240,226 |
29.27 |
185,830 |
-13.78 |
215,520 |
-6.58 |
230,701 |
-14.19 |
268,835 |
|
Results on ordinary operations |
71,819 |
-33.62 |
108,187 |
-52.70 |
228,712 |
66.61 |
137,272 |
217 |
43,226 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
541,911 |
2903 |
18,043 |
- |
- |
- |
7,416 |
-47.80 |
14,206 |
|
Extraordinary Charges |
537,547 |
2870 |
18,095 |
- |
- |
- |
6,607 |
-54.35 |
14,473 |
|
Extraordinary items |
4,364 |
8309 |
-53 |
- |
0 |
-100 |
809 |
302 |
-267 |
|
Results for the Year Before |
76,183 |
-29.55 |
108,135 |
-52.72 |
228,712 |
65.64 |
138,081 |
221 |
42,959 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
13,403 |
-49.62 |
26,606 |
-58.33 |
63,853 |
157 |
24,754 |
1803 |
-1,373 |
|
Results on ordinary operations after taxation |
58,416 |
-28.40 |
81,581 |
-50.51 |
164,858 |
46.52 |
112,518 |
152 |
44,599 |
|
Net result |
62,780 |
-23.00 |
81,529 |
-50.55 |
164,858 |
45.47 |
113,327 |
155 |
44,332 |
|
Profit (Loss) for the Year to be appropiated |
62,780 |
-23.00 |
81,529 |
-50.55 |
164,858 |
45.47 |
113,327 |
155 |
44,332 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
|
Total |
|
|
During
the reporting year |
|
|
|
|
ended 31-12-2013 |
|
|
|
|
Full-time
Employees |
|
7 |
|
|
Part-time
Employees |
|
1 |
|
|
Total
Fte Employees |
|
8 |
|
|
|
|
|
|
|
Number
of hours worked |
|
|
|
|
Full-time
Employees |
|
10,943 |
|
|
Part-time
Employees |
|
1,469 |
|
|
Total |
|
12,412 |
|
|
|
|
|
|
|
Personnel
Charges |
|
|
|
|
Full-time
Employees |
|
359,366 |
|
|
Part-time
Employees |
|
48,217 |
|
|
Total |
|
407,584 |
|
|
Benefits
In Addition To Wages |
|
- |
|
|
|
|
|
|
|
During
the previous reporting year |
|
|
|
|
Average
number employees in Fte |
|
8 |
|
|
Actual
working hours |
|
13,161 |
|
|
Personnel
Charges |
|
408,172 |
|
|
Benefits
In Addition To Wages |
|
- |
|
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited
Duration |
7 |
1 |
8 |
|
Contracts |
|
|
|
|
Limited
Duration Contracts |
- |
- |
- |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
Gender
and Education Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
1 |
- |
1 |
|
Secondairy
education |
3 |
- |
3 |
|
Higher
education (non |
- |
- |
- |
|
university) |
|
|
|
|
Higher
education |
- |
- |
- |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary
education |
1 |
- |
1 |
|
Secondairy
education |
2 |
1 |
3 |
|
Higher
education (non |
- |
- |
- |
|
university) |
|
|
|
|
Higher
education |
- |
- |
- |
|
(university) |
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
7 |
1 |
8 |
|
Blue
collar worker |
- |
- |
- |
|
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 |
1 |
1 |
2 |
|
Leavers |
- |
1 |
1 |
|
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 |
|
Payment
Information Summary |
|
|
Total number of Invoices available |
33 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
29 |
|
Total number of Invoices paid more
than 30 days after the due date |
0 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
4 |
|
Total number of Invoices currently
outstanding beyond the due date |
0 |
|
SUSPENSION
OF PAYMENTS / MORATORIUM HISTORY |
|
|
Amount |
- |
|
Details |
- |
|
PAYMENT
EXPECTATIONS |
|
|
Payment
expectation days |
63.12 |
|
Day
sales outstanding |
87.15 |
|
|
|
|
INDUSTRY
COMPARISON |
|
|
Activity
code |
46761 |
|
Activity
description |
Wholesale of diamonds and other
precious stones |
|
Industry
average payment expectation days |
123.95 |
|
Industry
average day sales outstanding |
181.44 |
|
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
INDIVIDUAL SHAREHOLDERS
SHAREHOLDER NAME
|
Forename |
Shaishav |
Middle
name |
Chandra |
|
Surname |
Mehta |
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
04/02/2010(estimated) |
End date |
- |
|
Percentage
owned |
- |
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street
name |
Van Eycklei |
House
number |
41 |
|
Minor town |
- |
Postal
town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
SUMMARY
|
Group
- Number of Companies |
0 |
|
Linkages
- Number of Companies |
0 |
|
Number
of Countries |
0 |
There is no data for this company
There is no data for this company
There is no data for this company
CURRENT DIRECTOR DETAILS
|
Name |
VIRAL KOTHARI |
|
Position |
Principal Manager |
|
Start Date |
01/10/2013 |
|
Street |
26 ARENDSNESTLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
SHREYENSH MEHTA |
|
Position |
Principal Manager |
|
Start Date |
06/03/2013 |
|
Street |
45 QUINTEN MATSIJSLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJIV SHASHIKANT KOTHARI |
|
Position |
Principal Manager |
|
Start Date |
14/11/2013 |
|
Street |
26 ARENDSNESTLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
NARESH JAIN |
|
Position |
Principal Manager |
|
Start Date |
06/03/2013 |
|
Street |
|
|
Post code |
|
|
Country |
|
FORMER DIRECTOR
DETAILS
|
Name |
SHAISHAV RAMESH CHANDRA MEHTA |
|
Position |
Principal Manager |
|
Start Date |
26/06/1995 |
|
End Date |
31/12/2010 |
|
Street |
41 VAN EYCKLEI ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
FIGURAD BEDRIJFSREVISOREN B.V. BVBA |
|
Position |
Commissioner |
|
Start Date |
03/12/2009 |
|
End Date |
Unknown date |
|
Date
of birth |
01/10/1982 |
|
Street |
1126 KORTRIJKSESTEENWEG GENT |
|
Post code |
9051 |
|
Country |
Belgium |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.67 |
|
UK Pound |
1 |
Rs.101.02 |
|
Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.