MIRA INFORM REPORT

 

 

Report No. :

345222

Report Date :

17.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SA MARCEL ROBBEZ MASSON

 

 

Registered Office :

Rue Du Gevaudan Bp N°37 48002 Mende Cedex

 

 

Country :

France

 

 

Date of Incorporation :

January, 1979

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Manufacture of jewelery

 

 

No. of Employee :

50 to 99 employees

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

FRANCE ECONOMIC OVERVIEW

 

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With more than 84 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP increased by 0.4% in 2014. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.4% in the fourth quarter of 2014. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 24.3% in the fourth quarter of 2014. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 95% in 2014, and may hit 100% by 2016. Elected on a conventionally leftist platform, President Francois HOLLANDE surprised and angered many supporters with a January 2014 speech announcing a sharp change in his economic policy, recasting himself as a liberalizing reformer. The government's budget for 2014 shifted the balance of fiscal consolidation from taxes to a total of $24 billion in spending cuts. In December 2014, HOLLANDE announced additional reforms, including a plan to extend commercial business hours, liberalize professional services, and sell off $6.2-12.4 billion in state owned assets. France’s tax burden remains well above the EU average and income tax cuts over the past decade are being partly reversed, particularly for higher earners. The top rate of income tax is 41%. The government is allowing a 75% payroll tax on salaries over $1.24 million to lapse.

Source : CIA

 Company summary

 

SIRET

316 769 082 00025

Name

SA MARCEL ROBBEZ MASSON

Acronym

-

Trade name

-

Status

Economically active

Postal Address

SA MARCEL ROBBEZ MASSON
RUE DU GEVAUDAN
BP N°37
48002 MENDE CEDEX

Share Capital

1,500,000 Euros

Telephone

04 66 65 70 03

Activity (APE)

Manufacture of jewelery 

RCS Registration

-

Formation Date

01/1979

EUR VAT Number

FR04316769082

Deregistration Date

-

Last account Date

-

Court Registry Number

19 7 9B00030

Incorporiation Date

08/1979

Registration Court

-

Fax

04 66 65 70 01

Nationality

France

 

 

Legal form

Simplified joint stock company

Currency

Euros

 

Trends

 

There are no trends available for a company

 

 

Directors

 

Current Directors

3

 

 

Judgment and Preferential

 

Judgment

No judgement

Preferential Right

No social security and tax office preferential right to date

 

 

 

Payment Details Summary

 

Company DBT Industry DBT Region DBT 7 Days 5 Days 21 Days DBT Trend 15 Days 30 Days 45 Days 60 Days Invoice due dates are exceeded by 7 days.

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

3212Z

Activity

Manufacture of jewelery 

Formation Date

08/1985

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

Other

Trading Address

RUE DU GEVAUDAN
48000 MENDE

Department

Lozčre (48)

Location Surface

-

District

2

City

MENDE

Status

Economically active

Business Pages FT®

BIJOUTIERS (FABRICATION, GROS)

Region

Languedoc-Roussillon

Area

99

Size of Urban Area

-

 

 

Other Establishment(s)

 

Regionality

Legal unit with multiple establishments in many areas having at least 80% of workforce in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

8 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

SA MARCEL ROBBEZ MASSON

Head Office

3212Z

Fabrication d’articles de joaillerie et bijouterie

MENDE

48000

SA MARCEL ROBBEZ MASSON

Branch

3212Z

Fabrication d’articles de joaillerie et bijouterie

PARIS 6

75006

SA MARCEL ROBBEZ MASSON

Branch

3212Z

Fabrication d’articles de joaillerie et bijouterie

PARIS 8

75008

SA MARCEL ROBBEZ MASSON

Branch

3212Z

Fabrication d’articles de joaillerie et bijouterie

MONTPELLIER

34000

SA MARCEL ROBBEZ MASSON

Branch

3212Z

Fabrication d’articles de joaillerie et bijouterie

NANTES

44000

 

 

Workforces

 

Workforce at address

50 to 99 employees

Company workforce

50 to 99 employees

 

 

Commentary

 

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

Financial statements overdue. The latest Creditsafe risk score has taken this into account, please contact Creditsafe with your latest financial statements if you want the risk score to be recalculated

High risk workforce size

The company is 36 years old

Industry code with low risk rating

 

 

Industry comparison

 

Activity (APE)

Fabrication d’articles de joaillerie et bijouterie (3212Z)

Industry average credit rating

47

Industry average credit limit

6,407

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details and history

 

Summary of preferential rights

Company monitored since

03/06/2013

Status of Monitoring

No social security and tax office preferential right to date

 

Group Data

No group information available for the company

 

Shareholders

No Shareholders available for this company

 

Linkages

No Linkages information available for the company.

 

 

Shareholder(s)

 

Name

SIPAR SA

Name of representative

Manager position

President

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

 

Statutory Auditor

 

Name

KPMG S.A.

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

Name

M. SAINT MARTIN GEORGES

 

Manager position

Deputy auditor

Date of birth

-

 

Place of birth

 

Type

Individual

Name at birth

 

 

 

 

Previous Directors

 

Manager position

Title and name

Date of Birth/Place of Birth

President

M. ROBBEZ MASSON FRANCK

15/02/1959 - CASABLANCA MAROC

President

SIPAR SA

-

President

M. ROBBEZ MASSON FRANCK

14/02/1959 - CASABLANCA (MAROC)(MAROC)

 

 

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date

Gazette Name

Description

11/03/2015

Bodacc B

Modification et mutation diverse

48 - LOZERE

GREFFE DU TRIBUNAL DE COMMERCE DE MENDE

1510 - 316 769 082 RCS Mende. MARCEL ROBBEZ-MASSON. Forme : Société par actions simplifiée. Administration : Président : SIPAR SA (SARL) représenté par ROBBEZ MASSON Franck Commissaire aux comptes titulaire : SCP D BERTHOUD ET ASSOCIES Commissaire aux comptes suppléant : SAINT MARTIN Georges. Activité : .
Commentaires : Modification survenue sur l'administration.

15/01/2015

JAL

Resignation / Revocation of the social representative

Réveil lozere (Le)


Date de décision : 01/12/2014
La société 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Fait l'objet du départ de Monsieur Franck ROBBEZ MASSON

15/01/2015

JAL

Appointment of the social representative

Réveil lozere (Le)


Date de décision : 01/12/2014
Société faisant l'objet d'une nomination : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Nominé : 334011392 - SIPAR SA, RUE DU GEVAUDAN, 48000 MENDE
En la fonction de : Président

18/10/2013

JAL

Start of rent-management

Essor (L')/Edition du Rhône


Date de décision : 09/10/2013
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 433106945 - MARCEL ROBBEZ MASSON SERVICES, MRM SERVICES, RUE DU GEVAUDAN, 48000 MENDE
Date d’effet : 21/10/2013

18/10/2013

JAL

End of rent-management

Essor (L')/Edition du RhĂ´ne


Date de décision : 18/10/2013
Locataire gérant : 523096832 - LDL, MURAT PARIS, 2 RUE JACQUARD, CENTRE COMMERCIAL CARRE DE SOIE, 69120 VAULX EN VELIN
Date d’effet : 05/08/2013

04/07/2013

JAL

End of rent-management

Hebdo de Sèvre et Maine (L')


Date de décision : 04/07/2013
Locataire gérant : 537519365 - CHARMES & CO, 5 ALL DES CHARMES, 49110 SAINT PIERRE MONTLIMART
Date d’effet : 30/06/2013

02/07/2013

JAL

Start of rent-management

Ouest France/Edition Loire Atlantique


Date de décision : 01/07/2013
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : Non renseignée Marcel Robbez Masson Services, Rue du Gévaudan, 48000 MENDE
Date d’effet : 01/07/2013
pour une durée de 1 mois

29/01/2013

Bodacc A

Immatriculation

34 - HERAULT

GREFFE DU TRIBUNAL DE COMMERCE DE MONTPELLIER

335 - 790 017 255 RCS Montpellier. C.C.R. Forme : Société ŕ responsabilité limitée. Administration : Gérant non statutaire : REINAL Blaise. Capital : 3000 EUR. Adresse : 9 rue de la Loge, 34000 Montpellier.
Origine du fonds : Reçu en location-gérance. Etablissement : Etablissement principal. Activité : Vente bijoux, sacs et cadeaux divers. Adresse : 9 rue de la Loge, 34000 Montpellier.
Précédent exploitant : MARCEL ROBBEZ MASSON / MRM. 316 769 082 RCS Mende.
A dater du : 16/01/2013. Date de commencement de l’activité : 01/06/2012. Commentaires : Immatriculation d'une personne morale, établissement principal reçu en location-gérance.

19/07/2012

JAL

Start of rent-management

Gazette de Montpellier (La)


Date de décision : 01/06/2012
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 000000001 - Société inconnue,
Date d’effet : 01/06/2012
pour une durée de 1 mois

15/06/2012

JAL

Start of rent-management

Essor (L')/Edition du Rhône


Date de décision : 01/05/2012
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 523096832 - LDL, MURAT PARIS, 2 RUE JACQUARD, CENTRE COMMERCIAL CARRE DE SOIE, 69120 VAULX EN VELIN
Date d’effet : 01/05/2012
pour une durée de 1 mois

12/04/2012

JAL

Start of rent-management

CHR - L'Auvergnat de Paris


Date de décision : 01/03/2012
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 433106945 - MARCEL ROBBEZ MASSON SERVICES, MRM SERVICES, RUE DU GEVAUDAN, 48000 MENDE
Date d’effet : 01/03/2012

23/03/2012

Bodacc A

Vente et cession : Acheteur

69 - RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE LYON

598 - 316 769 082 RCS Mende. MARCEL ROBBEZ-MASSON. Forme : Société par Actions Simplifiée. Capital : 1500000 EUR. Adresse : rue du Gévaudan, 48000 Mende.
Origine du fonds : Droit au bail acquis par achat au prix stipulé de 270000 EUR. Etablissement : Etablissement secondaire. Activité : Droit au bail. Adresse : 21 rue Ferrandičre, 69002 Lyon.
Précédent propriétaire : SCHEMLA (Laurent). Nom d’usage : SCHEMLA. 420 043 416 RCS Lyon.
Date de commencement de l’activité : 30/01/2012. Publication légale : Tout Lyon du 10/03/2012. Oppositions : Cabinet ACCESS AVOCATS, 63 Avenue de Saxe 69003 Lyon. Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.

31/01/2012

Bodacc B

Modification et mutation diverse

49 - MAINE-ET-LOIRE

GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS

1058 - 537 519 365 RCS Angers. CHARMES & CO. Forme : Société par actions simplifiée. Activité : Bijouterie, horlogerie, maroquinerie et accessoires de mode. Adresse de l’établissement principal : avenue des Sables, Galerie Pk3, 49300 Cholet.
Précédent exploitant : MARCEL ROBBEZ MASSON. 316 769 082 RCS Angers.
Commentaires : Mise en activité de la société sur prise en location-gérance. Date de commencement de l’activité : 01/12/2011.

20/01/2012

JAL

Start of rent-management

Echo de la Presqu'île Guérandaise et de Saint-Nazaire (L')


Date de décision : 10/01/2012
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 537519365 - CHARMES & CO, 5 ALL DES CHARMES, 49110 SAINT PIERRE MONTLIMART
Date d’effet : 01/12/2011
pour une durée de 1 mois

20/01/2012

JAL

Start of rent-management

Echo de la Presqu'île Guérandaise et de Saint-Nazaire (L')


Date de décision : 10/01/2012
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 537519365 - CHARMES & CO, 5 ALL DES CHARMES, 49110 SAINT PIERRE MONTLIMART
Date d’effet : 01/12/2011
pour une durée de 1 mois

12/01/2012

Bodacc A

Vente et cession : Acheteur

75 - PARIS

GREFFE DU TRIBUNAL DE COMMERCE DE PARIS

1746 - 316 769 082 RCS Paris. MARCEL ROBBEZ-MASSON. Forme : Société par actions simplifiée. Sigle : MARCEL ROBBEZ-MASSON. Capital : 1500000 EUR. Adresse : rue du Gevaudan, 48000 Mende.
Origine du fonds : Fonds acquis par achat au prix stipulé de 395000,00 euros. Etablissement : Etablissement principal. Activité : Un fonds de commerce de vente au détail de bijouterie connu sous l'enseigne "UNE BAGUE". Adresse : 51 rue de Rennes, 75006 Paris.
Précédent propriétaire : UNE BAGUE. 488 040 940 RCS Paris.
Date de commencement de l’activité : 16/11/2011. Publication légale : La Gazette du Palais du 05/01/2012. Oppositions : Au fonds cédé 51 rue de Rennes 75006 Paris pour la validité, Ordre des Avocats Séquestre Juridique 11 place Dauphine 75053 Paris Louvre Rp-Sp pour la correspondance . Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).

05/01/2012

JAL

Activity or goodwill cession

Gazette du palais (La)


Date de décision : 16/11/2011
Cédant : 488040940 - UNE BAGUE, CAMILLE ET LUCIE, 51 RUE DE RENNES, 75006 PARIS 6
Cessionnaire : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Prix de vente : 395000 €
Date d’effet : 16/11/2011

05/01/2012

JAL

Start of rent-management

CHR - L'Auvergnat de Paris


Date de décision : 01/12/2011
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 433106945 - MARCEL ROBBEZ MASSON SERVICES, MRM SERVICES, RUE DU GEVAUDAN, 48000 MENDE
Date d’effet : 01/12/2011

05/01/2012

JAL

Start of rent-management

CHR - L'Auvergnat de Paris


Date de décision : 01/12/2011
Bailleur : 316769082 - SA MARCEL ROBBEZ MASSON, RUE DU GEVAUDAN, BP N°37, 48000 MENDE
Locataire gérant : 433106945 - MARCEL ROBBEZ MASSON SERVICES, MRM SERVICES, RUE DU GEVAUDAN, 48000 MENDE
Date d’effet : 01/12/2011

10/03/2005

Bodacc B

Modifications et mutations diverses

1132 - Ancienne situation du sičge social : RCS Mende 316 769 082. RC 79-B 30. S.A. MARCEL ROBBEZ-MASSON. Sigle : SA MARCEL ROBBEZ-MASSON. Forme : S.A. Capital : 1 100 000 euros. Nom commercial : S.A. Marcel Robbez-Masson. Adresse : rue du Gévaudan, 48000 Nouvelle situation du sičge social - Dénomination : MARCEL ROBBEZ MASSON. Forme : S.A.S. Capital : 1 500 000 euros. Nom commercial : Marcel Robbez Masson. Administration : président : ROBBEZ-MASSON (Franck), ancien président du conseil d'administration, directeur général et administrateur. Anciens administrateurs : ROBBEZ-MASSON (Marcel) et ROBBEZ-MASSON, née NURIT (Catherine). Commissaire aux comptes titulaire maintenu : S.C.P. BERTHOUD ET ASSOCIES. Commissaire aux comptes suppléant maintenu : SAINT-MARTIN (Georges). Commentaires : fusion-absorption de la STE D'ALLIANCES ET DE BIJOUTERIES par la STE MARCEL ROBBEZ-MASSON. Date d'effet : 27 décembre 2004.

23/05/2004

Bodacc A

Création d'établissement

RCS Mende 316769082 RC 79-B 30 S.A. MARCEL ROBBEZ-MASSON. Sigle : SA MARCEL ROBBEZ-MASSON. Forme : S.A. Capital : 1 100 000 euros Nom commercial: S.A. Marcel Robbez-Masson. Activité : achat, vente et fabrication de tous articles de bijouterie. Adresse du sičge social : rue du Gévaudan, 48000 Mende Fonds, précédemment exploité en location- gérance, acquis par achat au prix stipulé de 429 524,29 euros. Date d'effet : 31 décembre 2002. Précédent propriétaire : S.A.R.L. MASVIEL PICHON. RCS Mende 418944476 RC 02-B 1 Publication légale: Le Réveil de Lozčre du 9 janvier 2003. Oppositions : Etude de M e Sanglat, notaire, boulevard Britexte, 48000 Mende.

19/07/2002

Bodacc B

Modifications et mutations diverses

Ancienne situation du sičge social. RCS Mende 316769082 RC 79-B 30 S.A. MARCEL ROBBEZ-MASSON. Sigle : SA MARCEL ROBBEZ- MASSON. Forme : S.A. Capital : 7 140 000 F Nom commercial: S.A. Marcel Robbez- Masson. Adresse : rue du Gévaudan, 48000 Mende Nouvelle situation du sičge social. Capital : 1 100 000 euros. Administration : président du conseil d' administration maintenu et directeur général : ROBBEZ-MASSON (Franck), ancien P.-D.G. Commentaires : augmentation du capital et conversion en euros. Date d'effet : 30 avril 2002.

 

 

Company events history

 

Date

Description

07/09/2015

Amendment

07/09/2015

New auditor

11/03/2015

Bodacc B: Various editing or changing

04/02/2015

Appointment/resignation of company officers

04/02/2015

Amendment

15/01/2015

Legal Gazette: Resignation / Revocation of the social representative

01/12/2014

Legal Gazette: Appointment of the social representative

18/10/2013

Legal Gazette: End of rent-management

09/10/2013

Legal Gazette: Start of rent-management

04/07/2013

Legal Gazette: End of rent-management

01/07/2013

Legal Gazette: Start of rent-management

03/06/2013

Collection of preferential rights activated for this company

29/01/2013

Bodacc A : Registration

01/06/2012

Legal Gazette: Start of rent-management

01/05/2012

Legal Gazette: Start of rent-management

01/04/2012

Formation of Establishment

23/03/2012

Bodacc A : Sale and transfer

01/03/2012

Legal Gazette: Start of rent-management

31/01/2012

Bodacc B: Various editing or changing

12/01/2012

Bodacc A : Sale and transfer

10/01/2012

Legal Gazette: Start of rent-management

01/12/2011

Legal Gazette: Start of rent-management

16/11/2011

Legal Gazette: Activity or goodwill cession

14/11/2011

Formation of Establishment

11/01/2005

Amendment

11/01/2005

Appointment/resignation of company officers

11/01/2005

Appointment/resignation of company officers

11/01/2005

Audit or Management Report

11/01/2005

Audit or Management Report

11/01/2005

Capital increase

11/01/2005

Capital increase

11/01/2005

Declaration of conformity

11/01/2005

Declaration of conformity

11/01/2005

Merger

11/01/2005

Merger

11/01/2005

Minutes of general meeting of shareholders

11/01/2005

Minutes of general meeting of shareholders

11/01/2005

New legal form – new category

11/01/2005

New legal form – no new category

11/01/2005

New legal form – no new category

11/01/2005

Private document

11/01/2005

Private document

11/01/2005

Updated articles of association

11/01/2005

Updated articles of association

16/12/2004

Amendment

16/12/2004

Audit or Management Report

16/12/2004

Audit or Management Report

16/12/2004

Private document

16/12/2004

Private document

23/11/2004

Merger

23/11/2004

Planned merger

23/11/2004

Planned merger

23/11/2004

Private document

23/11/2004

Private document

31/05/2002

Appointment/resignation of company officers

31/05/2002

Updated articles of association

31/05/2002

Private document

31/05/2002

Minutes of general meeting of shareholders

31/05/2002

Minutes of Board meeting

31/05/2002

Conversion of equity to euro

31/05/2002

Capital increase

31/05/2002

Amendment

21/10/1996

Private document

21/10/1996

Updated articles of association

21/10/1996

Capital increase

21/10/1996

Minutes of general meeting of shareholders

27/01/1993

Minutes of Board meeting

27/01/1993

Changes to the Board of Directors

27/01/1993

New closing date

27/01/1993

Declaration of conformity

27/01/1993

Minutes of general meeting of shareholders

27/01/1993

Amendment

27/01/1993

Updated articles of association

27/01/1993

Audit or Management Report

27/01/1993

Appointment/resignation of company officers

10/07/1992

New auditor

10/07/1992

Minutes of general meeting of shareholders

 

 

Establishment events history

 

Date

Description

01/04/2012

Modification of Head office

14/11/2011

Modification of Head office

22/10/2009

Update of phone numbers


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.65.11

UK Pound

1

Rs.99.50

Euro

1

Rs.74.24

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

 

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

 

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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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