MIRA INFORM REPORT

 

 

Report No. :

503248

Report Date :

11.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DIAMOND  LINE  BVBA

 

 

Registered Office :

Hoveniersstraat  49-51-Bus  83, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

25.10.1988

 

 

Com. Reg. No.:

435621060

 

 

Legal Form :

Private  limited  liability company

 

 

Line of Business :

Wholesale  of  diamonds  and other  precious  stones

 

 

No. of Employees :

Not available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Belgium

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BELGIUM - ECONOMIC OVERVIEW

 

Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.

Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation promise to curtail a more robust recovery in private consumption.

The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to labor market rules and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.

 

Source : CIA

 

Company summary                        

 

Business  number

435621060

Branche  Unit  Number

2040773397

Company  name

DIAMOND  LINE  BVBA

Address

HOVENIERSSTRAAT  49-51-BUS  83

 

2018 ANTWERPEN

Date  of  establishment

25/10/1988

Telephone  number

3232332770

Mobile  number

32475230777

Fax  number

032264114

Liable  for  VAT

yes

VAT  Number

BE.0435.621.060  Check  VAT  number

 

Commentary

 

The  business  was  established  over  29  years  ago.

No  employees  are  recorded  for  this  business.

The  business  has  been  at  the  address  for  over  7  years.

Operating  Result  in  the  latest  trading  period  increased  74%  on  the  previous  trading  period.

 Net  Worth  increased  by  195%  during  the  latest  trading  period.

 

Pre-tax  profits  increased  by  79%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  62%  during  the  latest  trading  period.

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

195,449

260,192

254,652

31/12/2015

 

109,120

88,084

77,880

31/12/2014

 

178,459

67,216

48,928

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

883,294

-

18,592

176,771

31/12/2015

1,056,890

-

18,592

109,507

31/12/2014

1,101,399

-

18,592

206,049

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

202.01

Industry  average  day  sales

210.87

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

435621060

Company  name

DIAMOND  LINE  BVBA

Fax  number

032264114

Date  founded

25/10/1988

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

46761

Number  of  staff

-

Activity  description

Wholesale  of  diamonds  and other  precious  stones

 

 

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)

 

Company  accounts

 

 

Financials

 

Assets

Annual  accounts

31-12-2016

%

31-12-2015

%

31-12-2014

%

31-12-2013

%

31-12-2012

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

5,541

-45.70

10,204

-44.21

18,288

-45.14

33,339

-24.79

44,328

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

5,067

-47.93

9,730

-45.38

17,815

-45.80

32,866

-25.06

43,854

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

2,762

-44.75

4,998

-25.95

6,750

-47.70

12,905

10.07

11,725

Furniture  &  Vehicles

2,305

-44.35

4,142

-22.07

5,316

37.51

3,866

-32.05

5,689

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-100

589

-89.75

5,749

-64.28

16,095

-39.13

26,440

Financial  fixed  assets

474

0

474

0

474

0

474

0

474

Total  current  assets

877,754

-16.14

1,046,687

-3.36

1,083,110

46.72

738,212

-41.07

1,252,649

Inventories

220,236

31.05

168,056

-42.21

290,795

24.97

232,683

54.98

150,140

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

220,236

31.05

168,056

-42.21

290,795

24.97

232,683

54.98

150,140

Trade  debtors

63,437

-82.48

362,018

6.04

341,384

144

139,439

-55.09

310,489

Other  amounts  receivable

2,871

-98.10

151,040

-17.86

183,891

2.43

179,523

-10.71

201,050

Cash

588,881

62.17

363,135

36.57

265,895

46.12

181,973

-68.95

585,989

Miscellaneous  current  assets

2,329

-4.44

2,437

112

1,146

-75.05

4,594

-7.77

4,981

Total  Assets

883,294

-16.43

1,056,890

-4.04

1,101,399

42.75

771,551

-40.51

1,296,976

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

260,192

195

88,084

31.05

67,216

96.30

34,241

0.17

34,182

Issued  share  capital

18,592

0

18,592

0

18,592

200

6,197

0

6,197

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

241,600

247

69,492

42.92

48,624

73.39

28,044

0.21

27,984

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

623,102

-35.68

968,807

-6.32

1,034,183

40.26

737,310

-41.61

1,262,795

Other  long  term  loans

0

-

0

-

0

-

0

-

0

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

686

-88.92

6,190

-46.16

11,497

-21.27

14,604

-46.44

27,266

Trade  creditors

590,301

-32.60

875,810

3.57

845,584

30.69

646,995

-39.80

1,074,774

Amounts  Payable  for  Taxes,  Remuneration&  Social  Security

23,000

112

10,807

-10.71

12,102

607

1,711

-84.09

10,754

Miscellaneous  current  liabilities

9,115

-88.01

76,000

-53.94

165,000

122

74,000

-50.67

150,000

Total  current  liabilities

623,102

-35.68

968,807

-6.32

1,034,183

40.26

737,310

-41.61

1,262,795

Total  Liabilities

883,294

-16.43

1,056,890

-4.04

1,101,399

42.75

771,551

-40.51

1,296,976

 

Ratio  analysis

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

75.12

-39.36

123.88

-53.34

265.50

22.47

216.79

-56.33

496.40

Return  on  total  assets  employed

22.13

114

10.32

-36.30

16.20

68.40

9.62

-26.45

13.08

Return  on  net  assets  employed

75.12

-39.36

123.88

-53.34

265.50

22.47

216.79

-56.33

496.40

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.41

30.56

1.08

2.86

1.05

5.00

1.00

1.01

0.99

Liquidity  ratio  /  acid  ratio

1.06

16.48

0.91

18.18

0.77

11.59

0.69

-20.69

0.87

Current  debt  ratio

2.39

-78.27

11.00

-28.53

15.39

-28.52

21.53

-41.72

36.94

Cashflow

176,771

61.42

109,507

-46.85

206,049

119

93,890

-51.97

195,497

Net  worth

260,192

195

88,084

31.05

67,216

96.30

34,241

0.17

34,182

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

0.26

-96.30

7.03

-58.89

17.10

-59.91

42.65

-46.53

79.77

Equity  in  percentage

29.46

253

8.33

36.56

6.10

37.39

4.44

68.18

2.64

Total  debt  ratio

2.39

-78.27

11.00

-28.53

15.39

-28.52

21.53

-41.72

36.94

Working  capital

254,652

226

77,880

59.17

48,928

5327

901

8.88

-10,146

 

Profit  &  loss

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

197,545

59.47

123,879

-47.76

237,139

175

86,215

-57.48

202,746

Operating  Charges

0

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

-

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

4,663

-63.11

12,639

-38.25

20,469

3.22

19,831

-43.90

35,350

Operating  result

190,692

74.55

109,251

-49.06

214,453

231

64,595

-60.92

165,280

Total  financial  income

74,982

-55.32

167,829

31.78

127,355

42.78

89,199

-9.04

98,067

Total  financial  expenses

70,225

-58.19

167,961

2.82

163,349

105

79,562

-15.06

93,671

Results  on  ordinary  operations  before  taxation

195,449

79.11

109,120

-38.85

178,459

140

74,231

-56.25

169,676

Extraordinary  Income

-

-

-

-

18,121

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

-

-

18,121

-

0

-

0

Results  for  the  Year  Before  Taxation

195,449

79.11

109,120

-44.49

196,580

164

74,231

-56.25

169,676

Taxation

23,341

90.51

12,252

11.38

11,000

6315

171

-98.20

9,529

Results  on  ordinary  operations  after  taxation

172,108

77.67

96,868

-42.15

167,459

126

74,059

-53.76

160,147

Net  result

172,108

77.67

96,868

-47.80

185,580

150

74,059

-53.76

160,147

Profit  (Loss)  for  the  Year  to  be  appropiated

172,108

77.67

96,868

-47.80

185,580

150

74,059

-53.76

160,147

Dividends

-

-

-

-

-

-

-

-

-

 

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

 

 

Payment Information

 

Suspension  of  payments  /  moratorium  history

 

Amount

-

Details

-

 

Payment  expectations

 

Payment  expectation  days

-

Day  sales  outstanding

-

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

Industry  average  payment expectation  days

202.01

Industry  average  day  sales outstanding

210.87

 

Industry  quartile  analysis Payment  expectations

 

Company  result

-

Lower

132.04

Median

58.70

Upper

25.82

 

Day  sales  outstanding

 

Company  result

-

Lower

136.36

Median

81.15

Upper

44.21

 

 

 

 

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

 

 

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

 

Position

Manager

Start  Date

04/11/1988

Street

38 Antoon  van  Dyckstraat  Antwerpen

Post  code

2018

Country

Belgium

Name

Charles  Ratzersdorfer

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.94

UK Pound

1

INR 91.75

Euro

1

INR 79.90

Euro

1

INR 80.54

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.