|
Report No. : |
346218 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 53-Bus 127, 2018 Antwerpen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.10.1973 |
|
|
|
|
Com. Reg. No.: |
413178230 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of watches and jewellery. [diamonds and other precious stones] |
|
|
|
|
No. of Employees : |
22 |
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 |
413178230 |
|
Branche Unit Number |
2008860201 |
|
Company name |
ROSY BLUE NV |
|
Address |
HOVENIERSSTRAAT 53-BUS 127 |
|
|
2018 ANTWERPEN |
|
Number of staff |
22 |
|
Date of establishment |
15/10/1973 |
|
Telephone number |
032061600 |
|
Fax number |
032061601 |
|
Company
name |
Company
Number |
|
Rosy Blue Enterprises S.A. |
B96232 |
The business was established over 41
years ago.
The business has 20 employees.
The business is part of a group.
The business has been at the
address for over 18 years. Operating Result
in the latest trading period decreased
26% on the previous trading period. A
32% decline in Total Assets occurred
during the latest trading period.
Pre-tax profits decreased by 83% compared
to the previous trading period.
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2013 |
1,370,441,415 |
839,937 |
21,964,975 |
115,312,637 |
|
31/12/2012 |
1,394,587,107 |
4,966,125 |
22,005,643 |
123,952,107 |
|
31/12/2011 |
1,625,598,969 |
-3,775,408 |
21,416,659 |
138,490,079 |
|
Accounts |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
212,548,496 |
22 |
21,220,034 |
1,630,555 |
|
31/12/2012 |
313,467,615 |
22 |
22,179,925 |
1,548,862 |
|
31/12/2011 |
302,422,069 |
26 |
22,618,900 |
1,092,749 |
|
Past payments |
|
Payment expectation days |
6.21 |
|
Industry average payment expectation days |
321.34 |
Industry average day sales outstanding |
502.51 |
|
Day sales outstanding |
17.32 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
413178230 |
Company name |
ROSY BLUE NV |
|
Fax number |
032061601 |
Date founded |
15/10/1973 |
|
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.0413.178.230 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)
Significant Events
|
Event Date |
26/08/2014 |
|
Event Description |
|
|
Event Details |
Neerlegging van het schriftelijk besluit
van de aandeelhouders overeenkomstig artikel
556 van het wetboek van vennootschappen. |
|
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 |
5,362,853 |
-10.86 |
6,016,476 |
-6.58 |
6,440,244 |
-0.55 |
6,475,973 |
-3.31 |
6,697,483 |
|
Intangible fixed assets |
146,641 |
132 |
63,081 |
-34.36 |
96,099 |
138 |
40,268 |
-64.37 |
113,019 |
|
Tangible fixed assets |
5,018,646 |
-10.20 |
5,588,930 |
-6.10 |
5,951,777 |
-1.27 |
6,028,386 |
-1.67 |
6,130,850 |
|
Land & building |
1,686,471 |
-3.86 |
1,754,247 |
-1.94 |
1,788,966 |
1.94 |
1,754,869 |
-7.48 |
1,896,749 |
|
Plant & machinery |
649,546 |
-26.33 |
881,692 |
136 |
373,437 |
29.83 |
287,630 |
9.07 |
263,704 |
|
Furniture & Vehicles |
276,545 |
254 |
77,997 |
-84.09 |
490,280 |
12.50 |
435,812 |
25.37 |
347,612 |
|
Leasing & Other Similar |
2,265,836 |
-16.95 |
2,728,404 |
-13.37 |
3,149,602 |
-7.51 |
3,405,322 |
-2.38 |
3,488,513 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
140,248 |
-4.33 |
146,590 |
-1.94 |
149,492 |
3.27 |
144,753 |
7.81 |
134,272 |
|
Financial fixed assets |
197,566 |
-45.79 |
364,465 |
-7.11 |
392,368 |
-3.67 |
407,320 |
-10.21 |
453,615 |
|
Total current assets |
207,185,643 |
-32.61 |
307,451,139 |
3.88 |
295,981,825 |
32.80 |
222,879,685 |
-3.93 |
232,007,504 |
|
Inventories |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Raw materials & |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
65,033,742 |
-45.62 |
119,581,235 |
86.88 |
63,987,998 |
-7.51 |
69,185,668 |
-13.76 |
80,220,509 |
|
Other amounts receivable |
113,186,933 |
-27.11 |
155,274,555 |
-16.40 |
185,727,889 |
44.55 |
128,489,713 |
13.06 |
113,643,504 |
|
Cash |
12,195,740 |
-20.67 |
15,374,351 |
-37.88 |
24,751,036 |
375 |
5,200,175 |
-76.86 |
22,477,051 |
|
Miscellaneous current assets |
15,063,242 |
-2.22 |
15,404,970 |
-21.67 |
19,667,713 |
6.74 |
18,426,451 |
29.74 |
14,203,018 |
|
Total Assets |
212,548,496 |
-32.19 |
313,467,615 |
3.65 |
302,422,069 |
31.86 |
229,355,658 |
-3.92 |
238,704,987 |
LIABILITIES
|
Total shareholders equity |
22,111,616 |
0.19 |
22,068,724 |
2.58 |
21,512,758 |
5.04 |
20,481,045 |
11.31 |
18,400,774 |
|
Issued share capital |
21,220,034 |
-4.33 |
22,179,925 |
-1.94 |
22,618,900 |
3.27 |
21,901,908 |
7.81 |
20,315,746 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
891,582 |
801 |
-111,201 |
10.05 |
-1,106,142 |
77.85 |
-1,420,863 |
74.20 |
-1,914,972 |
|
Provisions for Liabilities & Charges |
4,737,486 |
-13.85 |
5,499,331 |
-32.27 |
8,119,806 |
-26.79 |
11,091,102 |
54.82 |
7,163,972 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
185,699,394 |
-35.05 |
285,899,560 |
4.81 |
272,789,505 |
37.92 |
197,783,510 |
-7.20 |
213,140,241 |
|
Other long term loans |
93,826,388 |
-8.37 |
102,400,528 |
-11.19 |
115,297,759 |
8.44 |
106,321,344 |
-1.33 |
107,759,031 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
-100 |
1 |
- |
0 |
|
Total long term debts |
98,563,874 |
-8.65 |
107,899,859 |
-12.57 |
123,417,565 |
5.11 |
117,412,447 |
2.17 |
114,923,003 |
|
Current portion of long term debt |
828,358 |
68.15 |
492,629 |
-0.24 |
493,805 |
6.63 |
463,102 |
-50.80 |
941,357 |
|
Financial debts |
64,587,318 |
-47.15 |
122,197,334 |
0.42 |
121,690,309 |
46.90 |
82,841,671 |
-1.44 |
84,055,274 |
|
Trade creditors |
23,078,356 |
-58.78 |
55,983,468 |
88.00 |
29,778,739 |
595 |
4,282,829 |
-74.35 |
16,698,006 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
157,329 |
-58.18 |
376,185 |
187 |
130,694 |
-4.81 |
137,293 |
14.02 |
120,415 |
|
Miscellaneous current liabilities |
3,221,645 |
-27.59 |
4,449,416 |
-17.58 |
5,398,199 |
44.44 |
3,737,271 |
4.80 |
3,566,158 |
|
Total current liabilities |
91,873,006 |
-49.93 |
183,499,032 |
16.51 |
157,491,746 |
72.19 |
91,462,166 |
-13.21 |
105,381,210 |
|
Total Liabilities |
212,548,496 |
-32.19 |
313,467,615 |
3.65 |
302,422,069 |
31.86 |
229,355,658 |
-3.92 |
238,704,987 |
Ratio Analysis
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.06 |
-83.33 |
0.36 |
156 |
-0.23 |
85.19 |
-0.27 |
71.05 |
-0.38 |
|
Return on capital employed |
0.70 |
-81.68 |
3.82 |
146 |
-2.60 |
-9.70 |
-2.37 |
94.80 |
-2.50 |
|
Return on total assets employed |
0.40 |
-74.68 |
1.58 |
126 |
-1.25 |
88.03 |
-1.42 |
-1.43 |
-1.40 |
|
Return on net assets employed |
3.80 |
-83.11 |
22.50 |
128 |
-17.55 |
-10.17 |
-15.93 |
88.01 |
-18.10 |
|
Sales / net working capital |
11.88 |
5.60 |
11.25 |
-4.17 |
11.74 |
29.58 |
9.06 |
32.46 |
6.84 |
|
Stock turnover ratio |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditor days |
6.21 |
-58.15 |
14.84 |
120 |
6.73 |
409 |
1.32 |
-81.30 |
7.06 |
|
Debtor days |
17.32 |
-44.66 |
31.30 |
117 |
14.37 |
-32.22 |
21.20 |
-37.28 |
33.80 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
2.26 |
34.52 |
1.68 |
-10.64 |
1.88 |
-22.95 |
2.44 |
10.91 |
2.20 |
|
Liquidity ratio / acid ratio |
2.26 |
34.52 |
1.68 |
-10.64 |
1.88 |
-22.95 |
2.44 |
10.91 |
2.20 |
|
Current debt ratio |
4.15 |
-50.06 |
8.31 |
13.52 |
7.32 |
63.76 |
4.47 |
-21.99 |
5.73 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
1,630,555 |
5.27 |
1,548,862 |
41.74 |
1,092,749 |
-23.25 |
1,423,720 |
110 |
-1,288,152 |
|
Net worth |
21,964,975 |
-0.18 |
22,005,643 |
2.75 |
21,416,659 |
4.77 |
20,440,777 |
11.77 |
18,287,755 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
720.17 |
-29.39 |
1,019.95 |
-7.61 |
1,103.91 |
19.23 |
925.86 |
-11.62 |
1,047.54 |
|
Equity in percentage |
10.41 |
47.87 |
7.04 |
-1.12 |
7.12 |
-20.27 |
8.93 |
15.82 |
7.71 |
|
Total debt ratio |
8.61 |
-34.77 |
13.20 |
1.07 |
13.06 |
28.04 |
10.20 |
-14.79 |
11.97 |
|
Working capital |
115,312,637 |
-6.97 |
123,952,107 |
-10.50 |
138,490,079 |
5.38 |
131,417,519 |
3.78 |
126,626,294 |
PROFIT & LOSS
|
Operating Income |
1,393,761,932 |
-2.04 |
1,422,765,516 |
-13.91 |
1,652,567,005 |
36.12 |
1,214,093,121 |
37.66 |
881,947,310 |
|
Turnover |
1,370,441,415 |
-1.73 |
1,394,587,107 |
-14.21 |
1,625,598,969 |
36.46 |
1,191,260,897 |
37.51 |
866,329,592 |
|
Total operating |
1,357,277,773 |
-1.41 |
1,376,636,312 |
-14.81 |
1,615,924,691 |
36.63 |
1,182,690,007 |
37.08 |
862,796,453 |
|
expenses |
|
|
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
|
- |
- |
- |
- |
|
Operating Charges |
1,380,598,290 |
-1.72 |
1,404,814,722 |
-14.49 |
1,642,892,727 |
36.28 |
1,205,522,231 |
37.24 |
878,414,171 |
|
Employee costs |
1,186,871 |
-2.20 |
1,213,584 |
-9.95 |
1,347,695 |
5.44 |
1,278,144 |
-14.66 |
1,497,649 |
|
Wages and salary |
853,501 |
-3.95 |
888,621 |
-9.56 |
982,514 |
5.44 |
931,829 |
-15.72 |
1,105,679 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
2,223 |
|
Social security contributions |
263,438 |
-3.72 |
273,605 |
-12.40 |
312,324 |
9.55 |
285,101 |
-14.97 |
335,309 |
|
Other employee costs |
69,933 |
36.17 |
51,358 |
-2.84 |
52,857 |
-13.65 |
61,214 |
12.45 |
54,438 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
217,779 |
|
Amortization and depreciation |
632,584 |
9.94 |
575,389 |
-21.34 |
731,514 |
-6.23 |
780,098 |
-38.48 |
1,268,115 |
|
Operating result |
13,163,642 |
-26.67 |
17,950,795 |
85.55 |
9,674,278 |
12.87 |
8,570,890 |
142 |
3,533,139 |
|
Total financial income |
542,814 |
-20.66 |
684,156 |
-70.10 |
2,288,167 |
74.18 |
1,313,651 |
-83.94 |
8,177,743 |
|
Total financial expenses |
12,866,520 |
-5.87 |
13,668,826 |
-13.15 |
15,737,852 |
19.71 |
13,146,254 |
-12.60 |
15,041,595 |
|
Results on ordinary operations before taxation |
839,937 |
-83.09 |
4,966,125 |
131 |
-3,775,408 |
-15.75 |
-3,261,713 |
97.93 |
-3,330,713 |
|
Extraordinary Income |
337,770 |
-6.37 |
360,758 |
-91.40 |
4,192,509 |
7.22 |
3,910,119 |
359 |
850,477 |
|
Extraordinary Charges |
20,356 |
-99 |
4,080,150 |
7203 |
55,866 |
67.38 |
33,377 |
-32.58 |
49,509 |
|
Extraordinary items |
317,414 |
8.53 |
-3,719,392 |
-189 |
4,136,643 |
6.70 |
3,876,742 |
384 |
800,968 |
|
Results for the Year Before Taxation |
1,157,352 |
-7.17 |
1,246,733 |
245 |
361,235 |
-41.27 |
615,029 |
24.31 |
-2,529,745 |
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
159,381 |
-41.67 |
273,260 |
- |
- |
- |
-28,593 |
-207 |
26,522 |
|
Results on ordinary operations after taxation |
680,556 |
-85.50 |
4,692,865 |
124 |
-3,775,408 |
-16.77 |
-3,233,120 |
96.30 |
-3,357,235 |
|
Net result |
997,971 |
2.52 |
973,473 |
169 |
361,235 |
-43.87 |
643,622 |
25.18 |
-2,556,267 |
|
Profit (Loss) for the Year to be
appropiated |
997,971 |
2.52 |
973,473 |
169 |
361,235 |
-43.87 |
643,622 |
25.18 |
-2,556,267 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social
Balance Sheet |
Total |
|
During
the reporting year ended 31-12-2013 |
|
|
Full-time Employees |
20 |
|
Part-time Employees |
3 |
|
Total Fte Employees |
22 |
|
Number
of hours worked |
|
|
Full-time Employees |
34,339 |
|
Part-time Employees |
4,048 |
|
Total |
38,388 |
|
Personnel
Charges |
|
|
Full-time Employees |
964,333 |
|
Part-time Employees |
222,538 |
|
Total |
1,186,871 |
|
Benefits In Addition To Wages |
- |
|
During
the previous reporting year |
|
|
Average number employees in Fte |
24 |
|
Actual working hours |
40,030 |
|
Personnel Charges |
1,161,063 |
|
Benefits In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total Fte |
|
Unlimited Duration Contracts |
20 |
3 |
22 |
|
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 |
12 |
- |
12 |
|
Higher education (non university) |
- |
- |
- |
|
Higher education (university) |
- |
1 |
1 |
|
|
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
7 |
1 |
8 |
|
Higher education (non university) |
1 |
1 |
2 |
|
Higher education (university) |
- |
- |
- |
|
Working
Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar worker |
17 |
3 |
19 |
|
Blue collar worker |
3 |
- |
3 |
|
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 |
- |
1 |
1 |
|
Leavers |
- |
1 |
1 |
|
Total
of formal continuing vocational training initiatives for workers
paid by the employer |
Male |
Female |
|
Number of employees |
- |
2 |
|
Number of training hours |
- |
47 |
|
Net costs for enterprise |
- |
1,170 |
|
|
|
|
|
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 |
- |
- |
|
Activity code |
46480 |
|
Activity description |
Wholesale of watches and jewellery |
|
industry average credit rating |
61.07 |
|
Industry average credit limit |
7967.53 |
|
Payment Information |
|
|
Payment Information Summary |
|
|
Total number of Invoices available |
15 |
|
Total number of Invoices paid
within or up to 30 days after
the due date |
14 |
|
Total number of Invoices paid more
than 30 days after the due date |
0 |
|
Total number of Invoices currently
outstanding where the due date has
not yet been reached |
1 |
|
Total number of Invoices currently
outstanding beyond the due date |
0 |
|
Suspension
of payments / moratorium history |
|
|
Amount |
- |
|
Details |
- |
|
Payment
expectations |
|
|
Payment expectation days |
6.21 |
|
Day sales outstanding |
17.32 |
|
Industry
comparison |
|
|
Activity code |
46480 |
|
Activity description |
Wholesale of watches and jewellery |
|
Industry average payment expectation days |
321.34 |
|
Industry average day sales outstanding |
502.51 |
INDUSTRY QUARTILE ANALYSIS
Payment expectations
|
Company result |
6.21 |
|
Lower |
127.92 |
|
Median |
63.24 |
|
Upper |
18.49 |
|
Day sales outstanding |
|
|
Company result |
17.32 |
|
Lower |
118.84 |
|
Median |
55.15 |
|
Upper |
21.56 |
|
Summary |
|
|
Group - Number of Companies |
2 |
|
Linkages - Number of Companies |
1 |
|
Number of Countries |
1 |
|
Company name |
|
Number |
Latest |
|
|
|
|
financials |
|
- ROSY BLUE ENTERPRISES S.A. |
|
B96232 |
31-12-2013 |
|
- - ROSY BLUE NV |
|
413178230 |
31-12-2013 |
Minority Shareholders
No minority shareholders found
Companies
that match this address
No Companies Match this address
Summary
|
Group - Number of Companies |
2 |
|
Linkages - Number of Companies |
1 |
|
Number of Countries |
1 |
Linked Companies
|
NAME |
|
NUMBER |
LATEST KEY |
TURNOVER |
|
|
|
|
FINANCIALS |
|
|
SPORTS CLUB OF INDIA NV |
|
447811485 |
14.11.2014 |
- |
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 |
AMIT BHANUCHANDRA BHANSALI |
|
Position |
Managing Director |
|
Start Date |
01/01/2009 |
|
Date of birth |
09/12/1962 |
|
Street |
11 BERKENLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
09/06/2010 |
|
Date of birth |
09/12/1962 |
|
Street |
11 BERKENLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJKUMAR MEHTA |
|
Position |
Director |
|
Start Date |
10/07/2013 |
|
Date of birth |
21/01/1971 |
|
Street |
15 AHORNENLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Name |
RAJESH MEHTA |
|
Position |
Director |
|
Start Date |
09/06/2010 |
|
Street |
|
|
Post code |
|
|
Country |
|
FORMER DIRECTOR
DETAILS
|
Name |
DILIP (DILIPKUMAR) RAMNIKLAL MEHTA |
|
Position |
Managing Director |
|
Start Date |
09/06/2010 |
|
End Date |
01/01/2012 |
|
Date of birth |
13/11/1949 |
|
Street |
50 KASTEELLEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
09/06/2010 |
|
End Date |
01/01/2012 |
|
Date of birth |
13/11/1949 |
|
Street |
50 KASTEELLEI BRASSCHAAT |
|
Post code |
2930 |
|
Country |
Belgium |
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.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.