|
Report No. : |
346135 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRILLIANT GEMS NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 619 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.07.1981 |
|
|
|
|
Com. Reg. No.: |
421690771 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged wholesale of watches and jewellery. |
|
|
|
|
No. of Employees : |
3 |
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 – 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 |
421690771 |
|
Branche Unit Number |
2019271368 |
|
Company name |
BRILLIANT GEMS NV |
|
Address |
HOVENIERSSTRAAT 2-BUS 619 |
|
|
2018 ANTWERPEN |
|
Number of staff |
3 |
|
Date of establishment |
17/07/1981 |
|
Telephone number |
032341888 |
|
Fax number |
032253118 |
The business was established over 33 years ago.
The business has 3 employees.
The business has been at the address for over 19 years.
A 22% decline in Total Assets occurred during the latest trading period.
Accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
110,687,221 |
569,117 |
7,378,640 |
9,434,467 |
|
31/12/2012 |
124,197,371 |
671,304 |
7,135,927 |
9,241,688 |
|
31/12/2011 |
148,814,172 |
854,025 |
6,901,893 |
8,991,521 |
Accounts
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
28,307,142 |
3 |
925,000 |
579,531 |
|
31/12/2012 |
36,722,971 |
3 |
925,000 |
707,058 |
|
31/12/2011 |
36,762,404 |
3 |
925,000 |
781,393 |
Payment
Expectations
|
Past
payments |
|
Payment
expectation days |
0.23 |
|
Industry
average payment |
248.76 |
Industry
average day sales |
507.05 |
|
expectation
days |
|
outstanding |
|
|
Day
sales outstanding |
76.58 |
|
|
Court
Data Summary
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
421690771 |
Company name |
BRILLIANT GEMS NV |
|
Fax number |
032253118 |
Date founded |
17/07/1981 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46480 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of watches and jewellery |
VAT Number |
BE.0421.690.771 Check VAT 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) |
|
|
JIC
Code |
218 |
|
Description
category |
Additional national joint
committee for the employees |
|
|
|
|
JIC
Code |
324 |
|
Description |
Joint committee for the
industry and the trade in diamant |
Significant
Events
|
Event Date |
03/01/2014 |
Event
Description
|
Event Details |
Het mandaat van Mody Mitesh
is vanaf 01/01/14 onbezoldigd. |
|
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 |
553,341 |
-10.43 |
617,745 |
-10.97 |
693,826 |
-0.45 |
696,985 |
-3.57 |
722,807 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
553,341 |
-10.43 |
617,745 |
-10.97 |
693,826 |
-0.45 |
696,985 |
-3.57 |
722,807 |
|
Land & building |
454,975 |
-11.41 |
513,600 |
-10.42 |
573,327 |
-5.70 |
607,991 |
-8.84 |
666,967 |
|
Plant & machinery |
50,832 |
31.77 |
38,576 |
-15.74 |
45,781 |
-11.94 |
51,988 |
50.73 |
34,490 |
|
Furniture & Vehicles |
19,358 |
-22.16 |
24,868 |
15.69 |
21,495 |
-41.92 |
37,006 |
73.34 |
21,349 |
|
Leasing & Other
Similar Rights |
28,177 |
-30.77 |
40,700 |
-23.53 |
53,223 |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total current assets |
27,753,801 |
-23.13 |
36,105,227 |
0.10 |
36,068,578 |
14.89 |
31,393,657 |
32.27 |
23,735,312 |
|
Inventories |
4,456,538 |
-32.68 |
6,620,068 |
-28.43 |
9,249,948 |
36.01 |
6,801,078 |
6.60 |
6,379,834 |
|
Raw materials &
consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
4,456,538 |
-32.68 |
6,620,068 |
-28.43 |
9,249,948 |
36.01 |
6,801,078 |
6.60 |
6,379,834 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
23,221,940 |
-21.03 |
29,406,072 |
9.97 |
26,739,674 |
9.07 |
24,515,861 |
44.08 |
17,015,288 |
|
Other amounts receivable |
3,980 |
-49.11 |
7,822 |
-40.57 |
13,162 |
1.28 |
12,996 |
34.45 |
9,666 |
|
Cash |
58,936 |
0.72 |
58,515 |
-4.54 |
61,297 |
4.21 |
58,819 |
-81.38 |
315,854 |
|
Miscellaneous current
assets |
12,406 |
-2.70 |
12,751 |
183 |
4,498 |
-8.27 |
4,904 |
-66.57 |
14,670 |
|
Total Assets |
28,307,142 |
-22.92 |
36,722,971 |
-0.11 |
36,762,404 |
14.56 |
32,090,642 |
31.21 |
24,458,119 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
7,378,640 |
3.40 |
7,135,927 |
3.39 |
6,901,893 |
4.74 |
6,589,477 |
3.83 |
6,346,203 |
|
Issued share capital |
925,000 |
0 |
925,000 |
0 |
925,000 |
0 |
925,000 |
0 |
925,000 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
6,453,640 |
3.91 |
6,210,927 |
3.92 |
5,976,893 |
5.52 |
5,664,477 |
4.49 |
5,421,203 |
|
Provisions for
Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
20,928,502 |
-29.26 |
29,587,045 |
-0.92 |
29,860,512 |
17.09 |
25,501,165 |
40.80 |
18,111,916 |
|
Other long term
loans |
433,836 |
-3.54 |
449,745 |
-3.26 |
464,883 |
8.87 |
427,000 |
- |
- |
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term
liabilities |
2,175,332 |
-4.33 |
2,273,761 |
-1.93 |
2,318,571 |
3.27 |
2,245,173 |
7.81 |
2,082,466 |
|
Total long term
debts |
2,609,168 |
-4.20 |
2,723,506 |
-2.15 |
2,783,454 |
4.16 |
2,672,173 |
28.32 |
2,082,466 |
|
Current portion of
long term debt |
15,713 |
4.24 |
15,074 |
4.58 |
14,414 |
- |
- |
- |
66,796 |
|
Financial debts |
17,558,672 |
-30.21 |
25,159,527 |
4.90 |
23,984,813 |
33.11 |
18,018,817 |
63.05 |
11,051,418 |
|
Trade creditors |
69,940 |
-92.49 |
931,062 |
-57.34 |
2,182,520 |
-48.10 |
4,205,278 |
4.15 |
4,037,872 |
|
Amounts Payable for
Taxes, |
106,772 |
4.52 |
102,153 |
-60.03 |
255,546 |
126 |
113,052 |
239 |
33,308 |
|
Remuneration &
Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current
liabilities |
568,236 |
-13.34 |
655,723 |
2.49 |
639,764 |
30.07 |
491,845 |
-41.45 |
840,056 |
|
Total current liabilities |
18,319,334 |
-31.81 |
26,863,539 |
-0.79 |
27,077,057 |
18.61 |
22,828,992 |
42.42 |
16,029,450 |
|
Total Liabilities |
28,307,142 |
-22.92 |
36,722,971 |
-0.11 |
36,762,404 |
14.56 |
32,090,642 |
31.21 |
24,458,119 |
|
Ratio Analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.51 |
-5.56 |
0.54 |
-5.26 |
0.57 |
7.55 |
0.53 |
-29.33 |
0.75 |
|
Return on capital employed |
5.70 |
-16.30 |
6.81 |
-22.79 |
8.82 |
16.05 |
7.60 |
18.56 |
6.41 |
|
Return on total
assets employed |
2.01 |
9.84 |
1.83 |
-21.12 |
2.32 |
5.94 |
2.19 |
-0.90 |
2.21 |
|
Return on net
assets employed |
7.71 |
-18.07 |
9.41 |
-23.93 |
12.37 |
15.72 |
10.69 |
25.62 |
8.51 |
|
Sales / net
working capital |
11.73 |
-12.72 |
13.44 |
-18.79 |
16.55 |
6.29 |
15.57 |
67.60 |
9.29 |
|
Stock turnover ratio |
4.03 |
-24.39 |
5.33 |
-14.31 |
6.22 |
21.96 |
5.10 |
-42.76 |
8.91 |
|
Creditor days |
0.23 |
-91.73 |
2.78 |
-48.71 |
5.42 |
-53.24 |
11.59 |
-44.36 |
20.83 |
|
Debtor days |
76.58 |
-11.39 |
86.42 |
31.76 |
65.59 |
-2.24 |
67.09 |
-22.64 |
86.73 |
|
|
|
|
|
|
|
|
|
|
|
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.52 |
13.43 |
1.34 |
0.75 |
1.33 |
-3.62 |
1.38 |
-6.76 |
1.48 |
|
Liquidity ratio /
acid ratio |
1.27 |
15.45 |
1.10 |
11.11 |
0.99 |
-8.33 |
1.08 |
0 |
1.08 |
|
Current debt ratio |
2.48 |
-34.04 |
3.76 |
-4.08 |
3.92 |
13.29 |
3.46 |
36.76 |
2.53 |
|
Liquidity ratio
reprocessed |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
Cashflow |
579,531 |
-18.04 |
707,058 |
-9.51 |
781,393 |
11.49 |
700,891 |
19.91 |
584,531 |
|
Net worth |
7,378,640 |
3.40 |
7,135,927 |
3.39 |
6,901,893 |
4.74 |
6,589,477 |
3.83 |
6,346,203 |
|
|
|
|
|
|
|
|
|
|
|
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
244.06 |
-32.03 |
359.09 |
1.31 |
354.46 |
26.62 |
279.93 |
59.79 |
175.19 |
|
Equity in percentage |
26.07 |
34.17 |
19.43 |
3.52 |
18.77 |
-8.57 |
20.53 |
-20.89 |
25.95 |
|
Total debt ratio |
2.84 |
-31.57 |
4.15 |
-4.16 |
4.33 |
11.89 |
3.87 |
35.79 |
2.85 |
|
Working capital |
9,434,467 |
2.09 |
9,241,688 |
2.78 |
8,991,521 |
4.98 |
8,564,665 |
11.14 |
7,705,862 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
110,700,337 |
-10.88 |
124,212,001 |
-16.54 |
148,822,670 |
11.57 |
133,385,459 |
86.25 |
71,615,500 |
|
Turnover |
110,687,221 |
-10.88 |
124,197,371 |
-16.54 |
148,814,172 |
11.57 |
133,381,663 |
86.27 |
71,605,687 |
|
Total operating expenses |
109,178,519 |
-10.75 |
122,333,175 |
-16.80 |
147,031,761 |
10.99 |
132,469,206 |
87.23 |
70,752,092 |
|
Gross Operating Margin |
- |
- |
- |
|
- |
- |
- |
- |
- |
|
Operating Charges |
109,191,635 |
-10.75 |
122,347,805 |
-16.79 |
147,040,259 |
11.00 |
132,473,002 |
87.21 |
70,761,905 |
|
Employee costs |
136,994 |
4.41 |
131,207 |
2.83 |
127,591 |
-8.71 |
139,758 |
-22.37 |
180,026 |
|
Wages and salary |
106,676 |
2.98 |
103,585 |
3.68 |
99,912 |
-6.53 |
106,888 |
-27.62 |
147,680 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security
contributions |
26,423 |
2.29 |
25,830 |
6.03 |
24,361 |
-14.39 |
28,455 |
-25.92 |
38,410 |
|
Other employee costs |
3,895 |
117 |
1,792 |
-46.01 |
3,319 |
-24.83 |
4,415 |
72.81 |
-6,064 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
86,818 |
-1.37 |
88,025 |
4.82 |
83,977 |
15.64 |
72,618 |
6.11 |
68,439 |
|
Operating result |
1,508,702 |
-19.07 |
1,864,196 |
4.59 |
1,782,411 |
95.34 |
912,457 |
6.90 |
853,595 |
|
Total financial income |
2,538,301 |
-27.76 |
3,513,809 |
-42.79 |
6,142,218 |
-0.30 |
6,160,680 |
97.29 |
3,122,666 |
|
Total financial expenses |
3,477,886 |
-26.11 |
4,706,701 |
-33.43 |
7,070,604 |
11.02 |
6,368,959 |
85.34 |
3,436,361 |
|
Results on ordinary
operations before taxation |
569,117 |
-15.22 |
671,304 |
-21.40 |
854,025 |
21.28 |
704,178 |
30.43 |
539,901 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
3,188 |
518 |
515 |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
6,324 |
|
Extraordinary items |
0 |
- |
0 |
- |
0 |
-100 |
3,188 |
54.89 |
-5,808 |
|
Results for the
Year Before Taxation |
569,117 |
-15.22 |
671,304 |
-21.40 |
854,025 |
20.73 |
707,366 |
32.44 |
534,092 |
|
|
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
76,404 |
46.17 |
52,270 |
-66.62 |
156,609 |
98.01 |
79,092 |
339 |
18,000 |
|
Results on ordinary
operations after taxation |
492,713 |
-20.41 |
619,034 |
-11.24 |
697,416 |
11.57 |
625,085 |
19.77 |
521,900 |
|
Net result |
492,713 |
-20.41 |
619,034 |
-11.24 |
697,416 |
11.01 |
628,274 |
21.74 |
516,092 |
|
Profit (Loss) for
the Year to be appropiated |
492,713 |
-20.41 |
619,034 |
-11.24 |
697,416 |
11.01 |
628,274 |
21.74 |
516,092 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
|
|
|
Social
Balance Sheet Details |
|
|
|
|
Social
Balance Sheet |
|
Total |
|
|
During
the reporting year |
|
|
|
|
ended
31-12-2013 |
|
|
|
|
Full-time
Employees |
|
2 |
|
|
Part-time
Employees |
|
3 |
|
|
Total
Fte Employees |
|
4 |
|
|
|
|
|
|
|
Number
of hours worked |
|
|
|
|
Full-time
Employees |
|
3,511 |
|
|
Part-time
Employees |
|
2,637 |
|
|
Total |
|
6,148 |
|
|
|
|
|
|
|
Personnel
Charges |
|
|
|
|
Full-time
Employees |
|
76,350 |
|
|
Part-time
Employees |
|
60,644 |
|
|
Total |
|
136,994 |
|
|
Benefits
In Addition To Wages |
|
- |
|
|
|
|
|
|
|
During
the previous reporting year |
|
|
|
|
Average
number employees in Fte |
|
4 |
|
|
Actual
working hours |
|
6,045 |
|
|
Personnel
Charges |
|
131,207 |
|
|
Benefits
In Addition To Wages |
|
- |
|
|
|
|
|
|
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited
Duration |
2 |
3 |
4 |
|
Contracts |
|
|
|
|
Limited
Duration Contracts |
- |
- |
- |
|
Contracts
For Specific Work |
- |
- |
- |
|
Contracts
Regarding Substitution |
- |
- |
- |
|
|
|
|
|
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
1 |
- |
1 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education(university) |
- |
- |
- |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary
education |
- |
- |
- |
|
Secondairy
education |
1 |
3 |
3 |
|
Higher
education (non university) |
- |
- |
- |
|
Higher
education (university) |
- |
- |
- |
|
|
|
|
|
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White
collar worker |
2 |
2 |
3 |
|
Blue
collar worker |
- |
1 |
0 |
|
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 |
46480 |
|
Activity
description |
Wholesale of watches and jewellery |
|
industry
average credit rating |
61.07 |
|
Industry
average credit limit |
7967.53 |
|
Payment
Information |
|
|
Suspension
of payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
|
|
|
Payment
expectations |
|
|
Payment
expectation days |
0.23 |
|
Day
sales outstanding |
76.58 |
|
|
|
|
Industry
comparison |
|
|
Activity
code |
46480 |
|
Activity
description |
Wholesale of watches and jewellery |
|
Industry
average payment |
248.76 |
|
expectation
days |
|
|
Industry
average day sales outstanding |
507.05 |
|
Industry
quartile analysis |
|
|
Payment
expectations |
|
|
Company
result |
0.23 |
|
Lower |
127.87 |
|
Median |
63.15 |
|
Upper |
19.14 |
Day
sales outstanding
|
Company
result |
76.58 |
|
Lower |
120.17 |
|
Median |
55.15 |
|
Upper |
20.56 |
|
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
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
Current
Director Details
|
Name |
PIUSCH MAFATLAL MODY |
|
Position |
Chairman of the Board |
|
Start
Date |
29/03/2007 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
|
|
|
|
Position |
Managing Director |
|
Start
Date |
29/03/2007 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start
Date |
29/03/2007 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
MITESH PIYUSH MODY |
|
Position |
Director |
|
Start
Date |
28/06/2013 |
|
End
Date |
29/05/2019 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
PANKAJKUMAR KHUNT |
|
Position |
Director |
|
Start
Date |
28/06/2013 |
|
End
Date |
29/05/2019 |
|
Street |
11 TOWER 12A LAGUNA VERDE |
|
Post
code |
636741 |
|
Country |
Hong Kong |
|
|
|
|
Name |
MODY, MITESH |
|
Position |
Director |
|
Start
Date |
29/03/2007 |
|
Street
|
|
|
Post
code |
|
|
Country |
United Arab Emirates |
Former
Director Details
|
Name |
PIYUSH MODY MITESH |
|
Position |
Director |
|
Start
Date |
29/03/2007 |
|
End
Date |
31/12/2010 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
MAFATLAL MODY PIYUSH |
|
Position |
Managing Director |
|
Start
Date |
29/03/2007 |
|
End
Date |
31/12/2010 |
|
Street |
50 DELLA FAILLELAAN ANTWERPEN |
|
Post
code |
2020 |
|
Country |
Belgium |
-
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.64.82 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ASH |
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.