|
Report No. : |
345365 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLUE ICE. BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30-bus 146 2018
Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.06.2003 |
|
|
|
|
Com. Reg. No.: |
861953579 |
|
|
|
|
Legal Form : |
Private limited liability |
|
|
|
|
Line of Business : |
Wholesale of diamonds and
other precious stones |
|
|
|
|
No. of Employees : |
1 |
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 |
861953579 |
|
Branche Unit Number |
2134114123 |
|
Company name |
BLUE ICE. BVBA |
|
Address |
HOVENIERSSTRAAT 30-BUS 146 2018 ANTWERPEN |
|
|
|
|
Number of staff |
1 |
|
Date of establishment |
16/06/2003 |
|
Telephone number |
032340904 |
|
Fax number |
- |
The business was established over
12 years ago.
The business has 1 employees.
The business has been at the
address for over 6 years.
The business saw a decrease in
their Cash Balance of 92% during the
latest trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2014 |
23,212,643 |
18,271 |
243,983 |
376,619 |
|
31/12/2013 |
22,072,410 |
22,704 |
231,309 |
354,067 |
|
31/12/2012 |
25,544,572 |
28,731 |
215,194 |
330,097 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
7,006,982 |
1 |
18,600 |
26,400 |
|
31/12/2013 |
8,121,692 |
0 |
18,600 |
30,254 |
|
31/12/2012 |
6,897,479 |
0 |
18,600 |
26,175 |
Profitability
Liquidity
Net worth
|
Past payments |
|
Payment expectation days |
99.16 |
|
Industry average payment |
193.20 |
Industry average day sales |
195.06 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
0.64 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
861953579 |
Company name |
BLUE ICE. BVBA |
|
Fax number |
- |
Date founded |
16/06/2003 |
|
Company status |
active |
Company type |
Private limited liability |
|
|
|
|
company |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and
other precious stones |
VAT Number |
BE.0861.953.579 Check VAT number |
|
Belgian Bullettin of Acts
Publications |
moniteur belge |
|
|
Contractor
details
|
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 |
16/06/2003 |
|
Event Description |
Legal creation |
|
Event Details |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
Annual
accounts |
31-12-2014 |
% |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
40,364 |
-19.66 |
50,241 |
-13.52 |
58,097 |
244 |
16,859 |
133 |
7,225 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
36,340 |
-21.37 |
46,217 |
-14.53 |
54,073 |
321 |
12,835 |
301 |
3,201 |
|
Land & building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant & machinery |
10,137 |
-7.28 |
10,932 |
12.63 |
9,706 |
-18.10 |
11,851 |
712 |
1,459 |
|
Furniture & Vehicles |
26,203 |
-25.74 |
35,285 |
-20.47 |
44,367 |
4411 |
984 |
-43.53 |
1,742 |
|
Leasing & Other
Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
4,024 |
0 |
4,024 |
0 |
4,024 |
0 |
4,024 |
0 |
4,024 |
|
Total current assets |
6,966,618 |
-13.69 |
8,071,450 |
18.01 |
6,839,382 |
-35.57 |
10,615,195 |
116 |
4,898,934 |
|
Inventories |
6,844,698 |
-2.37 |
7,011,040 |
55.88 |
4,497,817 |
6.00 |
4,243,071 |
31.15 |
3,235,246 |
|
Raw materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
6,844,698 |
-2.37 |
7,011,040 |
55.88 |
4,497,817 |
6.00 |
4,243,071 |
31.15 |
3,235,246 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
41,010 |
-68.19 |
128,919 |
-61.47 |
334,562 |
-88.04 |
2,796,993 |
180 |
996,772 |
|
Other amounts receivable |
6,566 |
18.30 |
5,551 |
-72.09 |
19,885 |
-70.05 |
66,399 |
28.84 |
51,536 |
|
Cash |
71,808 |
-92.22 |
922,981 |
-53.53 |
1,986,025 |
-43.38 |
3,507,563 |
470 |
614,310 |
|
Miscellaneous current assets |
2,536 |
-14.35 |
2,960 |
170 |
1,093 |
-6.50 |
1,169 |
9.31 |
1,069 |
|
Total Assets |
7,006,982 |
-13.73 |
8,121,692 |
17.75 |
6,897,479 |
-35.13 |
10,632,053 |
116 |
4,906,158 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
243,983 |
5.48 |
231,309 |
7.49 |
215,194 |
10.91 |
194,031 |
105 |
94,197 |
|
Issued share capital |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
0 |
18,600 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
225,383 |
5.96 |
212,709 |
8.20 |
196,594 |
12.06 |
175,431 |
132 |
75,597 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
6,762,999 |
-14.29 |
7,890,383 |
18.08 |
6,682,285 |
-35.98 |
10,438,022 |
116 |
4,811,961 |
|
Other long term loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Long term group loans |
- |
- |
- |
- |
|
- |
- |
- |
- |
|
Other long term liabilities |
173,000 |
0 |
173,000 |
0 |
173,000 |
- |
0 |
- |
0 |
|
Total long term debts |
173,000 |
0 |
173,000 |
0 |
173,000 |
- |
0 |
- |
0 |
|
Current portion of
long term debt |
0 |
- |
0 |
|
- |
0 |
- |
0 |
- |
|
Financial debts |
0 |
- |
0 |
|
- |
0 |
- |
0 |
- |
|
Trade creditors |
6,294,539 |
-15.52 |
7,450,899 |
18.94 |
6,264,220 |
-37.08 |
9,955,967 |
109 |
4,760,531 |
|
Amounts Payable for Taxes, |
23,157 |
-8.61 |
25,337 |
-39.22 |
41,687 |
-25.48 |
55,943 |
327 |
13,075 |
|
Remuneration & Social
Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
272,303 |
12.92 |
241,147 |
18.57 |
203,378 |
-52.27 |
426,112 |
1010 |
38,355 |
|
Total current liabilities |
6,589,999 |
-14.61 |
7,717,383 |
18.56 |
6,509,285 |
-37.64 |
10,438,022 |
116 |
4,811,961 |
|
Total Liabilities |
7,006,982 |
-13.73 |
8,121,692 |
17.75 |
6,897,479 |
-35.13 |
10,632,053 |
116 |
4,906,158 |
|
ratio
analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.08 |
-20.0 |
0.10 |
-9.09 |
0.11 |
-77.55 |
0.49 |
145 |
0.20 |
|
Return on capital employed |
4.38 |
-22.06 |
5.62 |
-24.05 |
7.40 |
-90.54 |
78.25 |
183 |
27.57 |
|
Return on total assets
employed |
0.26 |
-7.14 |
0.28 |
-33.33 |
0.42 |
-70.63 |
1.43 |
169 |
0.53 |
|
Return on net assets
employed |
7.49 |
-23.73 |
9.82 |
-26.44 |
13.35 |
-82.94 |
78.25 |
183 |
27.57 |
|
Sales / net working
capital |
61.63 |
-1.14 |
62.34 |
-19.44 |
77.38 |
-56.20 |
176.65 |
18.29 |
149.34 |
|
Stock turnover ratio |
29.49 |
-7.15 |
31.76 |
80.35 |
17.61 |
29.87 |
13.56 |
-45.56 |
24.91 |
|
Creditor days |
99.16 |
-19.70 |
123.48 |
37.66 |
89.70 |
-23.14 |
116.71 |
-12.99 |
134.13 |
|
Debtor days |
0.64 |
-69.95 |
2.13 |
-55.44 |
4.78 |
-85.35 |
32.62 |
16.46 |
28.01 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.06 |
0.95 |
1.05 |
0 |
1.05 |
2.94 |
1.02 |
0 |
1.02 |
|
Liquidity ratio / acid
ratio |
0.02 |
-85.71 |
0.14 |
-61.11 |
0.36 |
-40.98 |
0.61 |
74.29 |
0.35 |
|
Current debt ratio |
27.01 |
-19.03 |
33.36 |
10.28 |
30.25 |
-43.77 |
53.80 |
5.32 |
51.08 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
26,400 |
-12.74 |
30,254 |
15.58 |
26,175 |
-74.60 |
103,060 |
354 |
22,674 |
|
Net worth |
243,983 |
5.48 |
231,309 |
7.49 |
215,194 |
10.91 |
194,031 |
105 |
94,197 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Equity in percentage |
3.48 |
22.11 |
2.85 |
-8.65 |
3.12 |
71.43 |
1.82 |
-5.21 |
1.92 |
|
Total debt ratio |
27.72 |
-18.73 |
34.11 |
9.86 |
31.05 |
-42.29 |
53.80 |
5.32 |
51.08 |
|
Working capital |
376,619 |
6.37 |
354,067 |
7.26 |
330,097 |
86.31 |
177,172 |
103 |
86,972 |
|
Profit
& loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
23,213,756 |
5.17 |
22,073,374 |
-13.59 |
25,545,985 |
-18.38 |
31,299,898 |
140 |
12,990,705 |
|
Turnover |
23,212,643 |
5.17 |
22,072,410 |
-13.59 |
25,544,572 |
-18.38 |
31,297,981 |
140 |
12,988,657 |
|
Total operating expenses |
23,169,891 |
5.20 |
22,024,711 |
-13.59 |
25,488,953 |
-18.14 |
31,136,161 |
140 |
12,954,616 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
23,171,003 |
5.20 |
22,025,675 |
-13.59 |
25,490,366 |
-18.14 |
31,138,079 |
140 |
12,956,664 |
|
Employee costs |
34,207 |
4.87 |
32,617 |
28.87 |
25,310 |
8.70 |
23,284 |
254 |
6,571 |
|
Wages and salary |
24,677 |
-1.93 |
25,162 |
25.15 |
20,106 |
-0.16 |
20,139 |
255 |
5,658 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
5,223 |
30.28 |
4,009 |
61.37 |
2,485 |
74.98 |
1,420 |
4537 |
31 |
|
Other employee costs |
4,307 |
25.00 |
3,445 |
26.67 |
2,720 |
57.65 |
1,725 |
95.55 |
882 |
|
Director remuneration |
240,000 |
0 |
240,000 |
0 |
240,000 |
101 |
119,316 |
- |
- |
|
Amortization and depreciation |
13,726 |
-2.93 |
14,140 |
182 |
5,012 |
55.37 |
3,226 |
2.23 |
3,155 |
|
Operating result |
42,752 |
-10.37 |
47,699 |
-14.24 |
55,618 |
-65.63 |
161,820 |
375 |
34,041 |
|
Total financial income |
11 |
-85.54 |
78 |
-39.58 |
130 |
-96.91 |
4,201 |
333292 |
1 |
|
Total financial expenses |
24,493 |
-2.31 |
25,073 |
-7.20 |
27,017 |
90.39 |
14,190 |
75.82 |
8,071 |
|
Results on ordinary
operations |
18,271 |
-19.53 |
22,704 |
-20.98 |
28,731 |
-81.08 |
151,830 |
484 |
25,971 |
|
before taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
1,377 |
- |
- |
- |
- |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
1,377 |
- |
0 |
- |
0 |
- |
0 |
|
Results for the Year
Before |
18,271 |
-24.13 |
24,082 |
-16.18 |
28,731 |
-81.08 |
151,830 |
484 |
25,971 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
5,596 |
-29.76 |
7,967 |
5.28 |
7,568 |
-85.45 |
51,996 |
705 |
6,452 |
|
Results on ordinary
operations after taxation |
12,674 |
-13.99 |
14,737 |
-30.37 |
21,163 |
-78.80 |
99,834 |
411 |
19,519 |
|
Net result |
12,674 |
-21.35 |
16,114 |
-23.86 |
21,163 |
-78.80 |
99,834 |
411 |
19,519 |
|
Profit (Loss) for the
Year to be appropiated |
12,674 |
-21.35 |
16,114 |
-23.86 |
21,163 |
-78.80 |
99,834 |
411 |
19,519 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Social
Balance Sheet Details |
|
|
|
|
|
|
|
|
|
|
Social
Balance Sheet |
|
|
|
Total |
|
|
|
|
|
|
During the reporting year |
|
|
|
|
|
|
|
|
|
|
ended 31-12-2014 |
|
|
|
|
|
|
|
|
|
|
Full-time Employees |
|
|
|
- |
|
|
|
|
|
|
Part-time Employees |
|
|
|
1 |
|
|
|
|
|
|
Total Fte Employees |
|
|
|
1 |
|
|
|
|
|
|
Number of hours worked |
|
|
|
|
|
|
|
|
|
|
Full-time Employees |
|
|
|
- |
|
|
|
|
|
|
Part-time Employees |
|
|
|
1,383 |
|
|
|
|
|
|
Total |
|
|
|
1,383 |
|
|
|
|
|
|
Personnel Charges |
|
|
|
|
|
|
|
|
|
|
Full-time Employees |
|
|
|
- |
|
|
|
|
|
|
Part-time Employees |
|
|
|
34,207 |
|
|
|
|
|
|
Total |
|
|
|
34,207 |
|
|
|
|
|
|
Benefits In Addition
To Wages |
|
|
|
- |
|
|
|
|
|
|
During the previous
reporting year |
|
|
|
|
|
|
|
|
|
|
Average number employees
in Fte |
|
|
|
1 |
|
|
|
|
|
|
Actual working hours |
|
|
|
1,360 |
|
|
|
|
|
|
Personnel Charges |
|
|
|
32,617 |
|
|
|
|
|
|
Benefits In Addition
To Wages |
|
|
|
- |
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
- |
1 |
1 |
|
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 |
- |
- |
- |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Primary education |
- |
1 |
1 |
|
Secondairy education |
- |
- |
- |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
Management |
- |
- |
- |
|
White collar worker |
- |
1 |
1 |
|
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 |
- |
- |
- |
|
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 |
|
Suspension
of payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment
expectations |
|
|
Payment expectation days |
99.16 |
|
Day sales outstanding |
0.64 |
|
Industry
comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds
and other precious stones |
|
Industry average payment |
193.20 |
|
expectation days |
|
|
Industry average day sales |
195.06 |
|
outstanding |
|
|
Industry
quartile analysis |
|
|
Payment expectations |
|
|
Company result |
99.16 |
|
Lower |
137.99 |
|
Median |
60.30 |
|
Upper |
28.62 |
Day sales
outstanding
|
Company result |
0.64 |
|
Lower |
131.59 |
|
Median |
85.12 |
|
Upper |
47.22 |
|
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 |
Chetan |
Middle name |
- |
|
Surname |
Chhania |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
16/06/2003(estimated) |
End date |
- |
|
Percentage owned |
100% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Quellinstraat |
House number |
41 |
|
Minor town |
- |
Postal town |
Antwerpen |
|
Post code |
2018 |
Country |
Belgium |
Companies
that match this address
no Companies Match this address
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
|
Position |
Manager |
|
Start Date |
01/01/2008 |
|
Street |
196 MECHELSESTEENWEG ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
Sachin Awasthi |
|
Name |
Chetan Chhania |
|
Position |
Manager |
|
Start Date |
20/06/2003 |
|
Street |
41 QUELLINSTRAAT ANTWERPEN |
|
Post code |
2018 |
|
Country |
Belgium |
Former
director details
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.64.97 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
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.