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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

490556

Report Date :

05.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

TRILLION  STAR  BVBA

 

 

Registered Office :

Hoveniersstraat  2-Bus  541 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

16.03.2010

 

 

Com. Reg. No.:

824078247

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale of Diamonds and Other Precious Stones.

 

 

No. of Employees :

Not Available

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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

824078247

Branche  Unit  Number

2186329916

Company  name

TRILLION  STAR  BVBA

Address

HOVENIERSSTRAAT  2-BUS  541

 

2018 ANTWERPEN

Date  of  establishment

16/03/2010

Telephone  number

032270472

Fax  number

032270472

Liable  for  VAT

yes

VAT  Number

BE.0824.078.247  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  6  years  ago.

No  employees  are  recorded  for  this  business.

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

The  business  has  changed  address  1  times  in  the  last  year.

Operating  Result  in  the  latest  trading  period  increased  93%  on  the  previous  trading  period.

Pre-tax  profits  increased  by  55%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  4449%  during  the  latest  trading  period. Turnover  in  the  latest  trading  period  increased  304%  on  the  previous  trading  period.

 

 

Accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/03/2015

52,306,126

84,079

1,748,582

1,750,566

31/12/2013

12,933,341

54,021

1,674,983

1,658,301

31/12/2012

10,644,200

26,342

1,622,353

1,603,880

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/03/2015

8,187,339

-

1,582,444

80,929

31/12/2013

7,558,470

-

1,582,444

56,322

31/12/2012

4,745,058

-

1,582,444

26,533

 

 

 

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

44.58

Industry  average  payment

190.83

Industry  average  day  sales

220.17

expectation  days

 

outstanding

 

Day  sales  outstanding

36.30

 

 

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

 

Court  action  type

no

PROTESTED  BILLS

 

Bill  amount

-

NSSO  DETAILS

 

Date  of  summons

-

 

 

 

 

 

 

 

 

Company  information

 

Business  number

824078247

Company  name

TRILLION  STAR  BVBA

Fax  number

032270472

Date  founded

16/03/2010

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

31/03/2015

Activity  code

46761

Number  of  staff

-

Activity  description

Wholesale  of  diamonds  and other  precious  stones

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

Contractor  details

 

Joint  Industrial  Committee  (JIC)

 

Significant  Events

 

Event  Date

06/04/2010

Event  Description

Registered  as  a  Diamond  Trader

Event  Details

 

Event  Date

16/03/2010

Event  Description

Legal  creation

Event  Details

 

 

 

Company accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-03-2015

%

31-12-2013

%

31-12-2012

%

31-12-2011

%

31-12-2010

Weeks

65

 

52

 

52

 

52

 

41

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

48,016

187

16,683

-9.69

18,473

392

3,753

-5.88

3,988

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

44,641

235

13,308

-14.00

15,473

1954

753

-23.76

988

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

37,059

1210

2,828

35.00

2,095

-

0

-

0

Furniture  &  Vehicles

7,581

-27.66

10,480

-21.67

13,379

1676

753

-23.76

988

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

3,375

0

3,375

12.50

3,000

0

3,000

0

3,000

Total  current  assets

8,139,323

7.92

7,541,787

59.56

4,726,585

85.95

2,541,796

877

260,132

Inventories

2,595,466

-36.54

4,089,893

3.24

3,961,379

78.72

2,216,564

9244

23,720

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

2,595,466

-36.54

4,089,893

3.24

3,961,379

-

0

-

0

Other  stocks

0

-

0

-

0

-100

2,216,564

9244

23,720

Trade  debtors

5,202,035

51.70

3,429,060

356

751,561

135

318,655

36.22

233,929

Other  amounts  receivable

21,142

530

3,351

-47.65

6,401

227

1,952

689

247

Cash

302,950

4449

6,659

28.26

5,192

12.23

4,626

106

2,235

Miscellaneous  current  assets

17,730

38.26

12,824

524

2,053

205255

-1

-

0

Total  Assets

8,187,339

8.32

7,558,470

59.29

4,745,058

86.41

2,545,549

863

264,119

 

 

Liabilities  

                                                                                                                       

Total  shareholders  equity

1,748,582

4.39

1,674,983

3.24

1,622,353

4835

32,870

274

8,789

Issued  share  capital

1,582,444

0

1,582,444

0

1,582,444

8407

18,600

0

18,600

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

166,138

79.53

92,539

131

39,909

179

14,270

145

-9,811

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

6,438,757

9.44

5,883,486

88.41

3,122,705

24.28

2,512,679

884

255,331

Other  long  term  loans

50,000

-

0

-

0

-

0

-

0

Long  term  group  loans

-

-

-

-

-

-

-

-

-

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

50,000

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

1,839

1015

165

-95.13

3,386

1021

302

149

121

Trade  creditors

6,372,316

9.81

5,803,098

91.25

3,034,339

246

874,856

248

251,144

Amounts  Payable  for  Taxes,

8,540

321

2,028

-46.52

3,792

-46.61

7,102

-

0

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

6,061

-92.25

78,195

-3.69

81,188

-95.02

1,630,419

39998

4,066

Total  current  liabilities

6,388,757

8.59

5,883,486

88.41

3,122,705

24.28

2,512,679

884

255,331

Total  Liabilities

8,187,339

8.32

7,558,470

59.29

4,745,058

86.41

2,545,549

863

264,119

 

 

ratio analysis

                                                                                                           

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

0.16

-61.90

0.42

68.00

0.25

-

-

-

-

Return  on  capital  employed

4.67

44.58

3.23

99

1.62

-98.29

94.80

84.92

-111.64

Return  on  total  assets  employed

1.03

45.07

0.71

26.79

0.56

-54.10

1.22

32.88

-3.71

Return  on  net  assets  employed

4.81

48.92

3.23

99

1.62

-98.29

94.80

84.92

-111.64

Sales  /  net  working  capital

29.88

283

7.80

17.47

6.64

-

-

-

-

Stock  turnover  ratio

4.96

-84.31

31.62

-15.05

37.22

-

-

-

-

Creditor  days

44.58

-72.93

164.68

57.66

104.45

-

-

-

-

Debtor  days

36.30

-62.49

96.77

275

25.77

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.27

-0.78

1.28

-15.23

1.51

49.50

1.01

-0.98

1.02

Liquidity  ratio  /  acid  ratio

0.87

47.46

0.59

136

0.25

92.31

0.13

-86.02

0.93

Current  debt  ratio

3.65

3.99

3.51

82.81

1.92

-97.49

76.44

163

29.05

Liquidity  ratio  reprocessed

-

-

-

-

 

-

-

-

-

Cashflow

80,929

43.69

56,322

112

26,533

9.12

24,316

283

-8,579

Net  worth

1,748,582

4.39

1,674,983

3.24

1,622,353

4835

32,870

274

8,789

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

2.96

29500

0.01

-95.24

0.21

-77.17

0.92

-33.33

1.38

Equity  in  percentage

21.36

-3.61

22.16

-35.19

34.19

2550

1.29

-61.26

3.33

Total  debt  ratio

3.68

4.84

3.51

82.81

1.92

-97.49

76.44

163

29.05

Working  capital

1,750,566

5.56

1,658,301

3.39

1,603,880

5408

29,117

506

4,801

 

 

Profit & loss 

                                                                                                                                                   

Operating  Income

52,306,374

304

12,933,589

21.50

10,644,919

-

-

-

-

Turnover

52,306,126

304

12,933,341

21.51

10,644,200

-

-

-

-

Total  operating  expenses

52,168,335

305

12,862,247

21.30

10,603,691

-

-

-

-

Gross  Operating  Margin

-

-

-

-

-

-

38,340

502

-7,634

Operating  Charges

52,168,583

305

12,862,495

21.29

10,604,411

-

-

-

-

Employee  costs

1,680

1659

95

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

1,680

1659

95

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

7,330

98.53

3,692

313

894

280

235

-80.93

1,232

Operating  result

137,792

93.82

71,094

75.51

40,508

9.11

37,126

401

-9,236

Total  financial  income

476

266

130

1100

11

-77.00

47

-

-

Total  financial  expenses

54,188

214

17,203

21.35

14,177

135

6,012

945

575

Results  on  ordinary  operations  before taxation

84,079

55.64

54,021

105

26,342

-15.46

31,161

317

-9,811

Extraordinary Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

0

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

84,079

55.64

54,021

105

26,342

-15.46

31,161

317

-9,811

Other  appropriations

-

-

-

-

-

-

-

-

-

Taxation

10,481

653

1,391

97.83

703

-90.07

7,080

-

-

Results  on  ordinary  operations  after  taxation

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

Net  result

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

Profit  (Loss)  for  the  Year  to  be  appropiated

73,599

39.84

52,630

105

25,639

6.47

24,081

245

-9,811

Dividends

-

-

-

-

-

-

-

-

-

 

 

Industry comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

 

 

Payment Information

 

Payment  expectations

 

Payment  expectation  days

44.58

Day  sales  outstanding

36.30

 

Industry  comparison

 

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

Industry  average  payment

190.83

expectation  days

 

Industry  average  day  sales

220.17

outstanding

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

44.58

Lower

124.93

Median

57.76

Upper

26.65

 

 

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

 

 

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

 

Position

Manager

Start  Date

01/01/2016

 

 

Name

Hitarth  Patel

 

 

Name

Anilkumar  Bhikadiya

Position

Manager

Start  Date

01/01/2012

Street

8 QUINTEN  MATSIJSLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

FORMER  DIRECTOR  DETAILS

 

Name

Sanjiv  Kothari

Position

Manager

Start  Date

17/05/2010

End  Date

31/03/2014

Street

4 ANDREAS  VESALIUSLAAN  EDEGEM

Post  code

2650

Country

Belgium

 

 

Name

Mavjibhai  Savani

Position

Manager

Start  Date

16/03/2010

End  Date

17/05/2010

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.08

UK Pound

1

INR 91.34

Euro

1

INR 80.03

Euro

1

INR. 79.90

 

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

 

 

INFORMATION DETAILS

 

Report Prepared by :

KET

 

 

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