|
Report No. : |
346114 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
EURO JVL NV |
|
|
|
|
Registered Office : |
Sneeuwbeslaan 19, 2627 Schelle |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
29.03.2006 |
|
|
|
|
Com. Reg. No.: |
880400308 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of
diamonds and other precious stones |
|
|
|
|
No. of Employee : |
Not Available |
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 |
EURO
JVL NV
|
Business number |
880400308 |
|
Branche Unit
Number |
2153352488 |
|
Company name |
EURO JVL NV |
|
Address |
SNEEUWBESLAAN 19 |
|
|
2627 SCHELLE |
|
Number of staff |
- |
|
Date of
establishment |
29/03/2006 |
|
Telephone number |
034759001 |
|
Fax number |
036469130 |
|
Ultimate holding
company |
|
|
Company name |
Company Number |
|
- |
- |
The business was established
over 9 years ago. No employees are
recorded for this business. The business
has been at the address for over
8 years. Operating Result in the latest
trading period decreased 1223% on the
previous trading period. Net Worth decreased
by 31% during the latest trading period.
Pre-tax profits decreased by
1832% compared to the previous trading
period. The business saw an increase in
their Cash Balance of 59% during the
latest trading period. Turnover in the
latest trading period decreased 30% on
the previous trading period.
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE
TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2014 |
101,066 |
-9,446 |
20,923 |
20,359 |
|
31/12/2013 |
145,644 |
545 |
30,370 |
30,246 |
|
31/12/2012 |
245,195 |
3,266 |
29,825 |
29,701 |
|
Accounts |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2014 |
313,736 |
- |
100,000 |
-9,227 |
|
31/12/2013 |
272,256 |
- |
100,000 |
545 |
|
31/12/2012 |
215,946 |
- |
100,000 |
3,388 |
|
Past payments |
|
Payment
expectation days |
802.31 |
|
Industry average payment |
192.91 |
Industry average
day sales |
194.90 |
|
expectation days |
|
outstanding |
|
|
Day sales
outstanding |
706.98 |
|
|
BANKRUPTCY DETAILS
Court
action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of
summons -
|
Business number |
880400308 |
Company name |
EURO JVL NV |
|
Fax number |
036469130 |
Date founded |
29/03/2006 |
|
Company status |
active |
Company type |
Public limited company |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2014 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and |
VAT Number |
BE.0880.400.308 Check VAT |
|
|
other precious stones |
|
number |
|
Belgian Bullettin
of Acts Publications |
moniteur belge |
|
|
|
Registered contractor |
- |
|
number |
|
|
Contractor description |
- |
|
Date struck
off register |
|
|
Personnel (NSSO
classification) |
|
|
Code |
- |
|
Description |
- |
|
Joint Industrial
Committee (JIC) |
|
|
Significant Events |
|
|
Event Date |
09/04/2013 |
|
Event Description |
re-appointment of director(s) |
|
Event Details |
Commentaar 09-04-2013: Herbenoemd
als bestuurder voor 6 jaar: Anja
Van Camp (tevens als |
|
|
gedelegeerd bestuurder), Tim Van
den Berg en Yves Van den Berg. |
|
Event Date |
29/03/2006 |
|
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 |
564 |
355 |
124 |
0 |
124 |
-49.80 |
247 |
-89.91 |
2,447 |
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible
fixed assets |
440 |
- |
0 |
- |
0 |
-100 |
123 |
-50.0 |
246 |
|
Land
& building |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Plant
& machinery |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Furniture
& Vehicles |
440 |
- |
0 |
- |
0 |
-100 |
123 |
-50.0 |
246 |
|
Leasing
& Other Similar Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
fixed assets |
124 |
0 |
124 |
0 |
124 |
0 |
124 |
-94.37 |
2,201 |
|
Total
current assets |
313,172 |
15.08 |
272,132 |
26.09 |
215,822 |
-11.40 |
243,602 |
97.30 |
123,471 |
|
Inventories |
90,000 |
25.00 |
72,000 |
34.95 |
53,355 |
-54.44 |
117,112 |
- |
0 |
|
Raw
materials & consumables |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Work
in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished
goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
stocks |
90,000 |
25.00 |
72,000 |
34.95 |
53,355 |
-54.44 |
117,112 |
- |
0 |
|
Trade
debtors |
195,759 |
7.21 |
182,600 |
15.26 |
158,425 |
54.35 |
102,639 |
-3.80 |
106,688 |
|
Other
amounts receivable |
900 |
0 |
900 |
-48.97 |
1,764 |
1293 |
127 |
-96.67 |
3,802 |
|
Cash |
26,513 |
59.41 |
16,632 |
629 |
2,279 |
-90.37 |
23,672 |
82.36 |
12,981 |
|
Miscellaneous
current assets |
0 |
- |
0 |
- |
0 |
-100 |
53 |
- |
0 |
|
Total
Assets |
313,736 |
15.24 |
272,256 |
26.08 |
215,946 |
-11.44 |
243,849 |
93.66 |
125,918 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total
shareholders equity |
20,923 |
-31.11 |
30,370 |
1.83 |
29,825 |
12.29 |
26,560 |
-35.49 |
41,172 |
|
Issued
share capital |
100,000 |
0 |
100,000 |
0 |
100,000 |
0 |
100,000 |
0 |
100,000 |
|
Share
premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation
reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
-79,077 |
-13.57 |
-69,630 |
99 |
-70,175 |
95.55 |
-73,440 |
-24.84 |
-58,828 |
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered
taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
292,812 |
21.05 |
241,886 |
29.96 |
186,121 |
-14.34 |
217,289 |
156 |
84,746 |
|
Other
long term loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Long
term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
long term debts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Current
portion of long term debt |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial
debts |
26,890 |
236 |
8,000 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
creditors |
242,235 |
10.20 |
219,809 |
18.36 |
185,711 |
-14.53 |
217,289 |
156 |
84,746 |
|
Amounts
Payable for Taxes, Remuneration & |
1,057 |
-33.79 |
1,596 |
- |
0 |
- |
0 |
- |
0 |
|
Social
Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
22,631 |
81.32 |
12,481 |
2944 |
410 |
- |
0 |
- |
0 |
|
Total
current liabilities |
292,812 |
21.05 |
241,886 |
29.96 |
186,121 |
-14.34 |
217,289 |
156 |
84,746 |
|
Total
Liabilities |
313,736 |
15.24 |
272,256 |
26.08 |
215,946 |
-11.44 |
243,849 |
93.66 |
125,918 |
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit
Before Tax |
-9.35 |
-2627 |
0.37 |
-72.18 |
1.33 |
5.62 |
-23.66 |
-32.40 |
-17.87 |
|
Return
on capital employed |
-45.14 |
-2607 |
1.80 |
-83.56 |
10.95 |
19.91 |
-55.01 |
68.57 |
-80.22 |
|
Return
on total assets employed |
-3.01 |
-1605 |
0.20 |
-86.75 |
1.51 |
25.21 |
-5.99 |
22.84 |
-26.23 |
|
Return
on net assets employed |
-45.14 |
-2607 |
1.80 |
-83.56 |
10.95 |
19.91 |
-55.01 |
68.57 |
-80.22 |
|
Sales
/ net working capital |
4.96 |
2.90 |
4.82 |
-41.65 |
8.26 |
251 |
2.35 |
-50.73 |
4.77 |
|
Stock
turnover ratio |
89.05 |
80.12 |
49.44 |
127 |
21.76 |
-88.53 |
189.66 |
- |
- |
|
Creditor
days |
802.31 |
44.83 |
553.96 |
97.55 |
280.42 |
-72.85 |
1,032.96 |
535 |
162.49 |
|
Debtor
days |
706.98 |
54.49 |
457.62 |
94.05 |
235.83 |
-61.13 |
606.71 |
188 |
210.65 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current
ratio |
1.07 |
-5.31 |
1.13 |
-2.59 |
1.16 |
3.57 |
1.12 |
-23.29 |
1.46 |
|
Liquidity
ratio / acid ratio |
0.76 |
-8.43 |
0.83 |
-4.60 |
0.87 |
50.0 |
0.58 |
-60.27 |
1.46 |
|
Current
debt ratio |
13.99 |
75.75 |
7.96 |
27.56 |
6.24 |
-23.72 |
8.18 |
297 |
2.06 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
- |
- |
|
Cashflow |
-9,227 |
-1793 |
545 |
-83.92 |
3,388 |
23.38 |
-14,490 |
44.47 |
-32,580 |
|
Net
worth |
20,923 |
-31.11 |
30,370 |
1.83 |
29,825 |
12.29 |
26,560 |
-35.49 |
41,172 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
128.51 |
387 |
26.34 |
- |
- |
- |
|
- |
- |
|
Equity
in percentage |
6.67 |
-40.18 |
11.15 |
-19.26 |
13.81 |
26.81 |
10.89 |
-66.70 |
32.70 |
|
Total
debt ratio |
13.99 |
75.75 |
7.96 |
27.56 |
6.24 |
-23.72 |
8.18 |
297 |
2.06 |
|
Working
capital |
20,359 |
-32.69 |
30,246 |
1.83 |
29,701 |
12.88 |
26,313 |
-32.05 |
38,725 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
101,066 |
-30.61 |
145,644 |
-40.60 |
245,195 |
297 |
61,748 |
-66.60 |
184,862 |
|
Total
operating expenses |
110,202 |
-23.91 |
144,831 |
-40.08 |
241,724 |
214 |
76,780 |
-59.67 |
190,362 |
|
Gross
Operating Margin |
-8,176 |
-705 |
1,351 |
-67.98 |
4,218 |
29.07 |
-14,507 |
-218 |
-4,549 |
|
Operating
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages
and salary |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee
pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
security contributions |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other
employee costs |
- |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Director
remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization
and depreciation |
220 |
- |
- |
- |
123 |
0 |
123 |
-72.65 |
450 |
|
Operating
result |
-9,136 |
-1223 |
813 |
-76.58 |
3,471 |
23.09 |
-15,032 |
-173 |
-5,500 |
|
Total
financial income |
12 |
871 |
1 |
-99 |
273 |
-59.30 |
670 |
241 |
196 |
|
Total
financial expenses |
322 |
19.56 |
269 |
-43.77 |
479 |
91.83 |
249 |
-99 |
27,725 |
|
Results
on ordinary operations before taxation |
-9,446 |
-1832 |
545 |
-83.30 |
3,266 |
22.35 |
-14,611 |
44.24 |
-33,028 |
|
Extraordinary
Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary
items |
- |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Results
for the Year Before Taxation |
-9,446 |
-1832 |
545 |
-83.30 |
3,266 |
22.35 |
-14,611 |
44.24 |
-33,028 |
|
Other
appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
1 |
213 |
0 |
66.67 |
0 |
-84.87 |
1 |
0.85 |
1 |
|
Results
on ordinary operations after taxation |
-9,447 |
-1833 |
545 |
-83.31 |
3,265 |
22.35 |
-14,613 |
44.24 |
-33,029 |
|
Net
result |
-9,447 |
-1833 |
545 |
-83.31 |
3,265 |
22.35 |
-14,613 |
44.24 |
-33,029 |
|
Profit
(Loss) for the Year to be appropiated |
-9,447 |
-1833 |
545 |
-83.31 |
3,265 |
22.35 |
-14,613 |
44.24 |
-33,029 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social Balance
Sheet Details |
|
|
|
|
Social Balance
Sheet Details |
|
|
|
|
Social Balance
Sheet |
|
Total |
|
|
During the
reporting year |
|
|
|
|
ended 31-12-2014 |
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
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 |
- |
- |
- |
|
Secondairy education |
- |
- |
- |
|
Higher education
(non university) |
- |
- |
- |
|
Higher education
(university) |
- |
- |
- |
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
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 |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
industry average
credit |
68.90 |
|
Suspension of
payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment
expectation days |
802.31 |
|
Day sales
outstanding |
706.98 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average
payment expectation days |
192.91 |
|
Industry average
day sales outstanding |
194.90 |
Industry quartile
analysis Payment expectations
|
Company result |
802.31 |
|
Lower |
134.78 |
|
Median |
60.30 |
|
Upper |
28.46 |
|
Day sales
outstanding |
|
|
Company result |
706.98 |
|
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
SHAREHOLDER NAME
|
Forename |
Priyanka |
Middle name |
- |
|
Surname |
Gandhi |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
29/03/2006(estimated) |
End date |
- |
|
Percentage owned |
37% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
India |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Pierre |
Middle name |
- |
|
Surname |
Van der Wal |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
29/03/2006(estimated) |
End date |
- |
|
Percentage owned |
25% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Frilinglei |
House number |
77 |
|
Minor town |
- |
Postal town |
Brasschaat |
|
Post code |
2930 |
Country |
Belgium |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Sudhir |
Middle name |
- |
|
Surname |
Shah |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
29/03/2006(estimated) |
End date |
- |
|
Percentage owned |
38% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
India |
|
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
|
Position |
Managing Director |
|
Start Date |
01/07/2009 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Name |
Anja Van Camp |
|
Position |
Director |
|
Start Date |
01/07/2009 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Name |
Yves Van den Bergh |
|
Position |
Director |
|
Start Date |
01/07/2008 |
|
Street |
203 LINDELEI HEMIKSEM |
|
Post code |
2620 |
|
Country |
Belgium |
|
Name |
Tim Van den Bergh |
|
Position |
Director |
|
Start Date |
28/09/2007 |
|
Street |
10 SPUISTRAAT BORNEM |
|
Post code |
2880 |
|
Country |
Belgium |
|
Name |
Johan van der Wal |
|
Position |
Permanent representative legal entity |
|
Start Date |
29/03/2006 |
|
Street |
|
|
Post code Country |
|
Former director
details
|
Name |
Peter van der Wal |
|
Position |
Managing Director |
|
Start Date |
29/03/2006 |
|
End Date |
30/06/2009 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
22/04/2013 |
|
End Date |
30/06/2014 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Position |
Director |
|
Start Date |
29/03/2006 |
|
End Date |
30/06/2009 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Name |
Willy Van den Bergh |
|
Position |
Director |
|
Start Date |
10/07/2007 |
|
End Date |
01/07/2008 |
|
Street |
|
|
Post code |
|
|
Country |
|
|
Name |
Anja Van Camp |
|
Position |
Director |
|
Start Date |
21/12/2006 |
|
End Date |
28/09/2007 |
|
Street |
19 SNEEUWBESLAAN SCHELLE |
|
Post code |
2627 |
|
Country |
Belgium |
|
Name |
OTHMAR KARNER |
|
Position |
Director |
|
Start Date |
29/03/2006 |
|
End Date |
10/07/2007 |
|
Street |
|
|
Post code Country |
|
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.64.82 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.