MIRA INFORM REPORT

 

 

Report No. :

346142

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

DIASQUA EUROPE BVBA 

 

 

Registered Office :

Hoveniersstraat  30-BUS  101, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

06.02.2008

 

 

Com. Reg. No.:

895820536

 

 

Legal Form :

Private  Limited  Company

 

 

Line Of Business :

Subject Is Engaged In Preparation  Of  Diamonds

 

 

No. of Employee :

Not Available

 

 

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

 

 

Company name

 

DIASQUA  EUROPE  BVBA 

 

 

Company  summary

 

 

 

 

 

 

Business  number

895820536

Branche  Unit  Number

2168921384

Company  name

DIASQUA  EUROPE  BVBA

Address

HOVENIERSSTRAAT  30-BUS  101

 

2018 ANTWERPEN

Number  of  staff

0

Date  of  establishment

06/02/2008

Telephone  number

032268127

Fax  number

032268126

 

 

Ultimate  holding  company

 

 

Company  name

Company  Number

-

-

 

 

Commentary

 

The  business  was  established  over  7  years  ago. No  employees  are  recorded  for  this  business.

The  business  has  been  at  the  address  for  over  4  years.

The  credit  rating  for  this  business  has  decreased  from  72  to  70.

The  credit  limit  for  this  business  has  decreased  from  €325000  to  €315000.

The  business  saw  an  increase  in  their  Cash  Balance  of  200%  during  the  latest  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2013

 

58,572

429,465

140,847

31/12/2012

 

49,014

385,394

92,264

31/12/2011

 

34,045

346,979

48,580

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2013

5,268,337

0

304,000

72,940

31/12/2012

5,147,162

0

304,000

68,173

31/12/2011

4,753,629

0

304,000

57,399

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

107.37

Industry  average  day  sales

110.52

expectation  days

 

outstanding

 

Day  sales  outstanding

-

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

PROTESTED  BILLS

Bill  amount

-

NSSO  DETAILS

Date  of  summons

-

 

 

Company  information

 

Business  number

895820536

Company  name

DIASQUA  EUROPE  BVBA

Fax  number

032268126

Date  founded

06/02/2008

Company  status

active

Company  type

Private  Limited  Company

 

 

 

(BL/LX)

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2013

Activity  code

32121

Liable  for  VAT

yes

Activity  description

number

Preparation  of  diamonds

VAT  Number

BE.0895.820.536  Check  VAT

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)

 

Significant  Events

 

Event  Date

31/12/2010

Event  Description

proposal  to  change  address  filed

Event  Details

 

 

 

Company  accounts

 

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

578,522

-4.67

606,869

-4.37

634,580

12.48

564,165

0.05

563,888

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

578,272

-4.67

606,619

-4.37

634,330

12.44

564,165

0.05

563,888

Land  &  building

497,447

-3.08

513,240

-2.99

529,032

-2.90

544,824

-2.82

560,616

Plant  &  machinery

5,094

-28.18

7,092

-16.11

8,455

144

3,455

5.59

3,272

Furniture  &  Vehicles

6,194

-13.20

7,137

-11.66

8,079

67.61

4,820

-

-

Leasing  &  Other  Similar  Rights

-

-

-

-

-

-

-

-

-

Other  tangible  assets

69,536

-12.15

79,151

-10.83

88,765

702

11,066

-

0

Financial  fixed  assets

250

0

250

0

250

-

-

-

-

Total  current  assets

4,689,815

3.29

4,540,292

10.23

4,119,048

18.81

3,466,844

123

1,548,519

Inventories

62,144

-80.14

312,834

-58.56

754,862

89.99

397,315

0.59

394,979

Raw  materials  &  consumables

-

-

-

-

-

-

-

-

-

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-

0

-

0

-

0

-

0

Other  stocks

62,144

-80.14

312,834

-58.56

754,862

89.99

397,315

0.59

394,979

Trade  debtors

4,436,270

6.58

4,162,349

29.00

3,226,528

10.23

2,927,018

159

1,127,126

Other  amounts  receivable

2,066

2.37

2,018

213

643

-77.03

2,801

48.75

1,883

Cash

185,981

200

61,844

-54.82

136,895

-2.01

139,710

531

22,111

Miscellaneous  current  assets

3,354

168

1,247

943

119

-

0

-100

2,420

Total  Assets

5,268,337

2.35

5,147,162

8.28

4,753,629

17.93

4,031,009

90.83

2,112,407

 

 

Liabilities

 

Total  shareholders  equity

429,465

11.44

385,394

11.07

346,979

10.18

314,933

10.21

285,755

Issued  share  capital

304,000

0

304,000

0

304,000

0

304,000

0

304,000

Share  premium  account

-

-

-

-

-

-

-

-

-

Revaluation  reserve

-

-

-

-

-

-

-

-

-

Reserves

125,465

54.15

81,394

89.38

42,979

293

10,933

59.92

-18,245

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

-

-

-

-

-

-

-

-

-

Creditors

4,838,871

1.62

4,761,768

8.06

4,406,650

18.58

3,716,076

103

1,826,652

Other  long  term  loans

289,903

-7.60

313,739

-6.68

336,182

-6.02

357,735

-5.48

378,492

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

289,903

-7.60

313,739

-6.68

336,182

-6.02

357,735

-5.48

378,492

Current  portion  of  long  term  debt

25,536

3.08

24,772

14.93

21,553

3.89

20,747

4.42

19,869

Financial  debts

-

-

-

-

-

-

-

-

-

Trade  creditors

4,456,245

2.29

4,356,397

8.97

3,997,635

20.60

3,314,756

135

1,408,585

Amounts  Payable  for  Taxes,  Remuneration

9,500

58.33

6,000

200

2,000

-

-

-

-

&  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

57,687

-5.21

60,859

23.49

49,281

115

22,838

15.89

19,706

Total  current  liabilities

4,548,968

2.27

4,448,028

9.28

4,070,469

21.20

3,358,341

131

1,448,160

Total  Liabilities

5,268,337

2.35

5,147,162

8.28

4,753,629

17.93

4,031,009

90.83

2,112,407

 

 

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

8.14

16.12

7.01

40.76

4.98

42.29

3.50

103

-3.38

Return  on  total  assets  employed

1.11

16.84

0.95

31.94

0.72

24.14

0.58

54.72

-1.06

Return  on  net  assets  employed

13.64

7.23

12.72

29.66

9.81

31.15

7.48

95.29

-7.85

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.03

0.98

1.02

0.99

1.01

-1.94

1.03

-3.74

1.07

Liquidity  ratio  /  acid  ratio

1.02

7.37

0.95

14.46

0.83

-8.79

0.91

13.75

0.80

Current  debt  ratio

10.59

-8.23

11.54

-1.62

11.73

10.04

10.66

110

5.07

Liquidity  ratio  reprocessed

-

-

-

-

-

-

-

-

-

Cashflow

72,940

6.99

68,173

18.77

57,399

19.50

48,031

477

-10,065

Net  worth

429,465

11.44

385,394

11.07

346,979

10.18

314,933

10.21

285,755

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

73.45

-16.38

87.84

-14.80

103.10

-14.21

120.18

-13.79

139.41

Equity  in  percentage

8.15

8.81

7.49

2.60

7.30

-6.53

7.81

-42.28

13.53

Total  debt  ratio

11.27

-8.82

12.36

-2.68

12.70

7.63

11.80

84.66

6.39

Working  capital

140,847

52.66

92,264

89.92

48,580

-55.23

108,503

8.11

100,359

 

 

 
Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

92,893

0.78

92,172

-14.83

108,216

60.56

67,400

480

11,619

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

0

-

0

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

28,868

-2.99

29,757

17.37

25,354

34.48

18,853

12.27

16,792

Operating  result

59,935

2.93

58,229

-26.22

78,919

73.92

45,376

738

-6,147

Total  financial  income

13,599

47.19

9,239

3185793

0

-85.50

2

-

-

Total  financial  expenses

14,962

-18.92

18,454

-58.88

44,874

105

21,815

33.96

16,285

Results  on  ordinary  operations  before  taxation

58,572

19.50

49,014

43.97

34,045

44.49

23,563

105

-22,432

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

0

-

0

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

58,572

19.50

49,014

43.97

34,045

44.49

23,563

105

-22,432

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

14,500

36.81

10,599

429

2,000

35.62

-5,615

-226

4,425

Results  on  ordinary  operations  after  taxation

44,071

14.72

38,416

19.88

32,045

9.83

29,178

108

-26,857

Net  result

44,071

14.72

38,416

19.88

32,045

9.83

29,178

108

-26,857

Profit  (Loss)  for  the  Year  to  be  appropiated

44,071

14.72

38,416

19.88

32,045

9.83

29,178

108

-26,857

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2013

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total  Fte  Employees

 

-

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total

 

-

 

Personnel  Charges

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

-

 

Total

 

-

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

-

 

Actual  working  hours

 

-

 

Personnel  Charges

 

-

 

Benefits  In  Addition  To  Wages

 

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

-

-

-

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

 

 

 

  General 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

-

-

-

Secondairy  education

 

 

 

Higher  education   (non university)

-

-

-

Higher  education (university)

-

-

-

 

 

 

 

Working  Category Management

Full-Time

Part-Time

Total  Fte

White  collar  worker

-

-

-

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

32121

 

Activity  description

Preparation  of  diamonds

 

industry  average  credit

rating

78.30

 

Industry  average  credit  limit

9475.63

 

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

1

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

0

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

1

Total  number  of  Invoices  currently  outstanding  where  the  due  date  has  not  yet  been  reached

0

Total  number  of  Invoices  currently  outstanding  beyond  the  due  date

0

 

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

Payment  expectations

 

Payment  expectation  days

-

Day  sales  outstanding

-

Industry  comparison

 

Activity  code

32121

Activity  description

Preparation  of  diamonds

Industry  average  payment expectation  days

107.37

Industry  average  day  sales outstanding

110.52

 

Industry  quartile  analysis Payment  expectations

 

Company  result

-

Lower

127.94

Median

73.57

Upper

35.34

 

Day  sales  outstanding

 

Company  result

-

Lower

102.27

Median

57.85

Upper

19.05

 

Shareholder  Details

 

 

 

 

 

 

 

Summary

 

 

 

Group  -  Number  of  Companies

0

 

 

Linkages  -  Number  of  Companies

0

 

 

Number  of  Countries

0

 

 

 

Group  Structure

 

No  group  structure  for  this  company.

 

Minority  Shareholders

 

No  minority  shareholders  found

 

Minority  Interests

 

No  minority  interests  found

 

Individual  Shareholders

 

 

SHAREHOLDER  NAME

 

Forename

Nimesh

Middle  name

-

Surname

Mehta

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

05/11/2009

End  date

-

Percentage  owned

100%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

-

House  number

-

Minor  town

-

Postal  town

-

Post  code

-

Country

India

 

Companies  that  match  this  address

 

no  Companies  Match  this  address

 

Linked  Companies

 

Summary

 

Group  -  Number  of  Companies

0

Linkages  -  Number  of  Companies

0

Number  of  Countries

0

 

 

Summons

 

there  is  no  data  for  this  company

 

Protested  Bills

there  is  no  data  for  this  company

 

Bankruptcy  and  other  legal  events

there  is  no  data  for  this  company

 

Director  details

 

Current  director  details

 

Name

SACHIV  BHANSALI

Position

Principal  Manager

Start  Date

09/09/2010

Street

1 KAREL  OOMSSTRAAT  ANTWERPEN

Post  code

2018

Country

Belgium

Name

NIMESH  PIYUSH  MEHTA

Position

Principal  Manager

Start  Date

06/02/2008

Street

Post  code

Country

 India

 

Former  director  details

 

Name

RUSHABH  SHRIPALKUMAR  DESAI

Position

Principal  Manager

Start  Date

14/12/2010

End  Date

30/11/2014

Street

106 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.55

Euro

1

Rs.73.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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