|
Report No. : |
341408 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIABEX
NV |
|
|
|
|
Registered Office : |
Hoveniersstraat
2-Bus 201, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
18.03.1997 |
|
|
|
|
Com. Reg. No.: |
460287962 |
|
|
|
|
Legal Form : |
Public Limited
Liability |
|
|
|
|
Line of Business : |
Subject is engaged in
wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employee : |
1 |
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 |
DIABEX NV |
|
Business number |
460287962 |
|
Branche Unit
Number |
2081583079 |
|
Company name |
DIABEX NV |
|
Address |
HOVENIERSSTRAAT 2-BUS 201 |
|
|
2018 ANTWERPEN |
|
Number of staff |
1 |
|
Date of establishment |
18/03/1997 |
|
Telephone number |
032014878 |
|
Fax number |
032014878 |
The business was
established over 18 years ago. The business
has 1 employees.
The business has
been at the address for over 3 years.
Pre-tax profits
decreased by 50% compared to the
previous trading period.
|
DATE OF
LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2013 |
106,678,607 |
203,841 |
9,868,151 |
12,816,044 |
|
31/12/2012 |
94,787,654 |
410,851 |
9,654,506 |
12,711,501 |
|
31/12/2011 |
125,599,260 |
57,493 |
9,247,152 |
12,481,815 |
|
Accounts |
|
|
|
|
|
DATE OF
LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF
EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2013 |
52,389,714 |
1 |
8,560,410 |
295,081 |
|
31/12/2012 |
49,208,751 |
1 |
8,560,410 |
485,164 |
|
31/12/2011 |
39,980,721 |
2 |
8,560,410 |
322,297 |
|
Past payments |
|
Payment
expectation days |
95.98 |
|
Industry average
payment |
126.46 |
Industry average
day sales |
185.72 |
|
expectation days |
|
outstanding |
|
|
Day sales
outstanding |
109.23 |
|
|
BANKRUPTCY DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
|
Business number |
460287962 |
Company name |
DIABEX NV |
|
Fax number |
032014878 |
Date founded |
18/03/1997 |
|
Company status |
active |
Company type |
Public Limited Liability |
|
|
|
|
Company (BE) |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2013 |
|
Activity code |
46761 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of diamonds and |
VAT Number |
BE.0460.287.962 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) |
|
|
JIC Code |
218 |
|
Description |
Additional national joint
committee for the employees |
|
category |
|
|
JIC Code |
324 |
|
Description |
Joint committee for the
industry and the trade in diamant |
category Significant Events
|
Event Date |
14/10/2011 |
Event Description
|
Event Details |
De 25870 bestaande aandelen
aan toonder om te zetten in
aandelen op naam. 8623 van de 25870 bestaande
aandelen worden omgezet in aandelen
zonder stemrecht en behoren thans aan
Shah Dipak. |
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 |
1,040,215 |
-7.08 |
1,119,452 |
4.28 |
1,073,484 |
149 |
430,349 |
-9.46 |
475,322 |
|
Intangible fixed assets |
0 |
-100 |
807 |
-66.67 |
2,420 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
1,039,868 |
-7.01 |
1,118,298 |
5.03 |
1,064,717 |
147 |
430,252 |
-9.46 |
475,225 |
|
Land & building |
603,348 |
-2.39 |
618,090 |
2.24 |
604,530 |
61.59 |
374,120 |
-3.69 |
388,465 |
|
Plant & machinery |
351,431 |
-12.87 |
403,330 |
14.29 |
352,912 |
3571 |
9,612 |
-14.89 |
11,293 |
|
Furniture & Vehicles |
85,089 |
-12.17 |
96,879 |
-9.69 |
107,276 |
130 |
46,519 |
-38.36 |
75,467 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
- |
- |
- |
0 |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
347 |
0 |
347 |
-94.53 |
6,347 |
6419 |
97 |
0 |
97 |
|
Total current assets |
51,349,499 |
6.78 |
48,089,298 |
23.60 |
38,907,236 |
2.83 |
37,835,003 |
-6.68 |
40,542,437 |
|
Inventories |
18,924,415 |
-5.25 |
19,972,558 |
49.88 |
13,325,981 |
43.33 |
9,297,461 |
-34.58 |
14,212,990 |
|
Raw materials & consumables |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
18,924,415 |
-5.25 |
19,972,558 |
49.88 |
13,325,981 |
43.33 |
9,297,461 |
-34.58 |
14,212,990 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
31,925,756 |
15.75 |
27,580,921 |
12.68 |
24,477,129 |
-12.98 |
28,128,310 |
8.55 |
25,912,822 |
|
Other amounts receivable |
412,823 |
-7.11 |
444,428 |
9.25 |
406,809 |
27.05 |
320,205 |
-4.53 |
335,381 |
|
Cash |
29,268 |
-1.09 |
29,591 |
-95.30 |
629,241 |
2249 |
26,786 |
92.86 |
13,889 |
|
Miscellaneous current assets |
57,236 |
-7.38 |
61,799 |
-9.22 |
68,076 |
9.38 |
62,241 |
-7.59 |
67,355 |
|
Total Assets |
52,389,714 |
6.46 |
49,208,751 |
23.08 |
39,980,721 |
4.48 |
38,265,352 |
-6.71 |
41,017,759 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
9,868,151 |
2.20 |
9,655,313 |
4.39 |
9,249,572 |
3.05 |
8,976,218 |
2.14 |
8,787,981 |
|
Issued share capital |
8,560,410 |
0 |
8,560,410 |
0 |
8,560,410 |
0 |
8,560,410 |
0 |
8,560,410 |
|
Share premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
1,307,741 |
19.44 |
1,094,903 |
58.87 |
689,162 |
65.74 |
415,808 |
82.72 |
227,570 |
|
Provisions for Liabilities &
Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Creditors |
42,521,563 |
7.50 |
39,553,438 |
28.71 |
30,731,148 |
4.92 |
29,289,134 |
-9.12 |
32,229,778 |
|
Other long term loans |
3,988,108 |
-4.49 |
4,175,640 |
-3.02 |
4,305,727 |
3.83 |
4,146,987 |
7.19 |
3,868,895 |
|
Long term group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
3,988,108 |
-4.49 |
4,175,640 |
-3.02 |
4,305,727 |
3.83 |
4,146,987 |
7.19 |
3,868,895 |
|
Current portion of long term
debt |
7,079 |
-74.21 |
27,445 |
-24.69 |
36,442 |
73.15 |
21,047 |
9.84 |
19,161 |
|
Financial debts |
10,480,328 |
-6.88 |
11,255,244 |
12.82 |
9,975,979 |
-1.16 |
10,093,181 |
31.60 |
7,669,555 |
|
Trade creditors |
27,843,115 |
17.12 |
23,773,704 |
47.76 |
16,089,741 |
9.33 |
14,717,168 |
-27.78 |
20,378,914 |
|
Amounts Payable for Taxes, |
21,852 |
-15.87 |
25,974 |
25.34 |
20,722 |
7.62 |
19,254 |
-15.53 |
22,795 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
181,080 |
-38.71 |
295,431 |
-2.35 |
302,538 |
3.79 |
291,498 |
7.78 |
270,460 |
|
Total current liabilities |
38,533,454 |
8.92 |
35,377,797 |
33.88 |
26,425,421 |
5.10 |
25,142,147 |
-11.35 |
28,360,884 |
|
Total Liabilities |
52,389,714 |
6.46 |
49,208,751 |
23.08 |
39,980,721 |
4.48 |
38,265,352 |
-6.71 |
41,017,759 |
|
RATIO ANALYSIS |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.19 |
-55.81 |
0.43 |
760 |
0.05 |
-61.54 |
0.13 |
62.50 |
0.08 |
|
Return on capital employed |
1.47 |
-50.51 |
2.97 |
607 |
0.42 |
-68.18 |
1.32 |
256 |
0.37 |
|
Return on total assets employed |
0.39 |
-53.01 |
0.83 |
492 |
0.14 |
-68.89 |
0.45 |
309 |
0.11 |
|
Return on net
assets employed |
2.07 |
-51.41 |
4.26 |
587 |
0.62 |
-67.71 |
1.92 |
262 |
0.53 |
|
Sales / net
working capital |
8.32 |
11.53 |
7.46 |
-25.84 |
10.06 |
-7.45 |
10.87 |
122 |
4.89 |
|
Stock turnover ratio |
17.74 |
-15.80 |
21.07 |
98.59 |
10.61 |
57.42 |
6.74 |
-71.76 |
23.87 |
|
Creditor days |
95.98 |
3.81 |
92.46 |
96.89 |
46.96 |
19.98 |
39.14 |
-68.94 |
126.00 |
|
Debtor days |
109.23 |
2.84 |
106.21 |
49.32 |
71.13 |
-4.43 |
74.43 |
-53.14 |
158.85 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.33 |
-2.21 |
1.36 |
-7.48 |
1.47 |
-2.00 |
1.50 |
4.90 |
1.43 |
|
Liquidity ratio / acid ratio |
0.84 |
6.33 |
0.79 |
-18.56 |
0.97 |
-14.91 |
1.14 |
22.58 |
0.93 |
|
Current debt ratio |
3.90 |
6.56 |
3.66 |
27.97 |
2.86 |
2.14 |
2.80 |
-13.31 |
3.23 |
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cashflow |
295,081 |
-39.18 |
485,164 |
50.53 |
322,297 |
36.54 |
236,041 |
333 |
54,417 |
|
Net worth |
9,868,151 |
2.21 |
9,654,506 |
4.41 |
9,247,152 |
3.02 |
8,976,218 |
2.14 |
8,787,981 |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
146.69 |
-8.38 |
160.10 |
3.42 |
154.80 |
-2.57 |
158.88 |
20.80 |
131.52 |
|
Equity in percentage |
18.84 |
-3.98 |
19.62 |
-15.21 |
23.14 |
-1.36 |
23.46 |
9.52 |
21.42 |
|
Total debt ratio |
4.31 |
5.12 |
4.10 |
23.49 |
3.32 |
1.84 |
3.26 |
-11.17 |
3.67 |
|
Working capital |
12,816,044 |
0.82 |
12,711,501 |
1.84 |
12,481,815 |
-1.66 |
12,692,856 |
4.20 |
12,181,553 |
|
Profit & loss |
|
|
|
|
|
|
|
|
|
|
Operating Income |
106,685,428 |
12.55 |
94,790,125 |
-24.53 |
125,602,536 |
-8.95 |
137,945,088 |
131 |
59,577,974 |
|
Turnover |
106,678,607 |
12.54 |
94,787,654 |
-24.53 |
125,599,260 |
-8.95 |
137,944,504 |
131 |
59,542,887 |
|
Total operating expenses |
105,880,005 |
12.81 |
93,854,938 |
-24.95 |
125,051,634 |
-8.90 |
137,261,078 |
132 |
59,031,848 |
|
Gross Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
105,886,826 |
12.82 |
93,857,408 |
-24.95 |
125,054,910 |
-8.89 |
137,261,662 |
132 |
59,066,935 |
|
Employee costs |
67,707 |
-15.00 |
79,656 |
1.26 |
78,666 |
7.72 |
73,031 |
-21.70 |
93,276 |
|
Wages and salary |
54,513 |
-10.17 |
60,683 |
-1.57 |
61,649 |
3.31 |
59,675 |
-15.24 |
70,405 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
8,937 |
-23.46 |
11,676 |
5.31 |
11,088 |
37.55 |
8,061 |
-50.43 |
16,261 |
|
Other employee costs |
4,257 |
-41.66 |
7,298 |
23.08 |
5,929 |
11.96 |
5,296 |
-19.88 |
6,610 |
|
Director remuneration |
- |
- |
- |
- |
84,452 |
5.08 |
80,371 |
0 |
80,371 |
|
Amortization and depreciation |
82,243 |
3.55 |
79,424 |
62.28 |
48,942 |
2.38 |
47,803 |
-3.14 |
49,353 |
|
Operating result |
798,602 |
-14.38 |
932,717 |
70.32 |
547,625 |
-19.87 |
683,425 |
33.73 |
511,040 |
|
Total financial income |
37,356 |
-11.30 |
42,113 |
33.12 |
31,635 |
940 |
3,039 |
-47.64 |
5,804 |
|
Total financial expenses |
632,117 |
12.08 |
563,979 |
8.09 |
521,767 |
1.56 |
513,729 |
9.30 |
469,996 |
|
Results on ordinary operations
before taxation |
203,841 |
-50.39 |
410,851 |
614 |
57,493 |
-66.72 |
172,735 |
268 |
46,847 |
|
Extraordinary Income |
9,917 |
479 |
1,710 |
-99 |
216,049 |
1273 |
15,726 |
-84.26 |
99,887 |
|
Extraordinary Charges |
- |
- |
6,258 |
- |
- |
- |
0 |
-99 |
122,084 |
|
Extraordinary items |
9,917 |
218 |
-4,548 |
-102 |
216,049 |
1273 |
15,726 |
70.85 |
-22,197 |
|
Results for the Year Before |
213,759 |
-47.39 |
406,303 |
48.53 |
273,542 |
45.15 |
188,461 |
664 |
24,650 |
|
Taxation |
|
|
|
|
|
|
|
|
|
|
Other appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
921 |
63.73 |
562 |
199 |
188 |
-15.93 |
223 |
-98.86 |
19,587 |
|
Results on ordinary operations after taxation |
202,921 |
-50.54 |
410,289 |
615 |
57,305 |
-66.78 |
172,512 |
532 |
27,260 |
|
Net result |
212,838 |
-47.54 |
405,741 |
48.43 |
273,354 |
45.22 |
188,237 |
3617 |
5,063 |
|
Profit (Loss)
for the Year to be appropiated |
212,838 |
-47.54 |
405,741 |
48.43 |
273,354 |
45.22 |
188,237 |
3617 |
5,063 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social Balance
Sheet |
|
Total |
|
|
During the
reporting year |
|
|
|
|
ended 31-12-2013 |
|
|
|
|
Full-time Employees |
|
1 |
|
|
Part-time Employees |
|
2 |
|
|
Total Fte
Employees |
|
2 |
|
|
Number of
hours worked |
|
|
|
|
Full-time Employees |
|
1,771 |
|
|
Part-time Employees |
|
1,391 |
|
|
Total |
|
3,162 |
|
|
Personnel Charges |
|
|
|
|
Full-time Employees |
|
42,486 |
|
|
Part-time Employees |
|
25,221 |
|
|
Total |
|
67,707 |
|
|
Benefits In
Addition To Wages |
|
- |
|
|
During the
previous reporting year |
|
|
|
|
Average number
employees in Fte |
|
2 |
|
|
Actual working
hours |
|
3,645 |
|
|
Personnel Charges |
|
79,656 |
|
|
Benefits In
Addition To Wages |
|
- |
|
|
Type of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration |
1 |
2 |
2 |
|
Contracts |
|
|
|
|
Limited Duration
Contracts |
- |
- |
- |
|
Contracts For
Specific Work |
- |
- |
- |
|
Contracts Regarding
Substitution |
- |
- |
- |
Gender and Education
Level
|
Men |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
1 |
0 |
|
Secondairy education |
- |
- |
- |
|
Higher education
(non |
- |
- |
- |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
Women |
Full-Time |
Part-Time |
Total Fte |
|
Primary education |
- |
- |
- |
|
Secondairy education |
1 |
1 |
1 |
|
Higher education
(non |
- |
- |
- |
|
university) |
|
|
|
|
Higher education |
- |
- |
- |
|
(university) |
|
|
|
|
Working Category |
Full-Time |
Part-Time |
Total Fte |
|
Management |
- |
- |
- |
|
White collar
worker |
1 |
1 |
2 |
|
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 |
- |
- |
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
industry average
credit |
64.48 |
|
rating |
|
|
Industry average
credit limit |
140177.31 |
|
Payment Information |
|
|
Payment
Information Summary |
|
|
Total number of Invoices available |
2 |
|
Total number of Invoices paid within or up to
30 days after the due date |
2 |
|
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 |
0 |
|
Total number of Invoices currently outstanding beyond
the due date |
0 |
|
|
Suspension of
payments / moratorium history |
|
Amount |
- |
|
Details |
- |
|
Payment expectations |
|
|
Payment
expectation days |
95.98 |
|
Day sales
outstanding |
109.23 |
|
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and
other precious stones |
|
Industry average
payment |
126.46 |
|
expectation days |
|
|
Industry average
day sales |
185.72 |
|
outstanding |
|
|
Industry quartile
analysis |
|
|
Payment expectations |
|
|
Company result |
95.98 |
|
Lower |
120.34 |
|
Median |
74.61 |
|
Upper |
46.13 |
Day sales
outstanding
|
Company result |
109.23 |
|
Lower |
102.27 |
|
Median |
53.69 |
|
Upper |
24.18 |
|
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 |
Rajiv Dinesh |
Middle name |
- |
|
Surname |
Shah |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
22/03/1999 |
End date |
- |
|
Percentage owned |
33.34% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
Prins Boudewijnlaan |
House number |
157 |
|
Minor town |
- |
Postal town |
Edegem |
|
Post code |
2650 |
Country |
Belgium |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Dipak |
Middle name |
- |
|
Surname |
Shah |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
28/10/2011(estimated) |
End date |
- |
|
Percentage owned |
- |
|
|
SHAREHOLDER ADDRESS
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
United Arab Emirates |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
ABHUBHAI |
Middle name |
- |
|
Surname |
DESAI |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
22/03/1999 |
End date |
- |
|
Percentage owned |
33.33% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
NORTH-SOUTH ROAD |
House number |
9 |
|
Minor town |
- |
Postal town |
BOMBAY |
|
Post code |
- |
Country |
India |
|
SHAREHOLDER NAME |
|
|
|
|
Forename |
Amit |
Middle name |
- |
|
Surname |
Shah |
|
|
|
SHAREHOLDER DETAILS |
|
|
|
|
Start date |
22/03/1999 |
End date |
- |
|
Percentage owned |
33.33% |
|
|
|
SHAREHOLDER ADDRESS |
|
|
|
|
Street name |
- |
House number |
- |
|
Minor town |
- |
Postal town |
- |
|
Post code |
- |
Country |
- |
Companies that
match this address
no Companies Match this address
Summary
|
Group -
Number of Companies |
0 |
|
Linkages -
Number of Companies |
0 |
|
Number of
Countries |
0 |
there is no data for
this company
there is no data for
this company
there is no data for
this company
Current director
details
|
Name |
ANKIT NARESH MEHTA |
|
Position |
Managing Director |
|
Start Date |
02/05/2006 |
|
Street |
157 PRINS BOUDEWIJNLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
21/12/1999 |
|
Street |
157 PRINS BOUDEWIJNLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
|
|
|
|
Name |
KALPEN HARSHAD SHAH |
|
Position |
Director |
|
Start Date |
01/04/2011 |
|
End Date |
28/06/2016 |
|
Street |
157 PRINS BOUDEWIJNLAAN EDEGEM |
|
Post code |
2650 |
|
Country |
Belgium |
Former director
details
|
Name |
DILIP DESAI |
|
Position |
Managing Director |
|
Start Date |
02/05/2006 |
|
End Date |
18/03/2011 |
|
Street |
4 BLAUWMEESLAAN ANTWERPEN |
|
Post code |
2610 |
|
Country |
Belgium |
|
|
|
|
Position |
Director |
|
Start Date |
26/01/2001 |
|
End Date |
18/03/2011 |
|
Street |
4 BLAUWMEESLAAN ANTWERPEN |
|
Post code |
2610 |
|
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.66.50 |
|
UK Pound |
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Analysis
Done by : |
RAS |
|
|
|
|
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.