MIRA INFORM REPORT

 

 

Report No. :

491050

Report Date :

08.02.2018

           

 

 

IDENTIFICATION DETAILS

 

Name :

DIASQUA EUROPE BVBA

 

 

Registered Office :

Hoveniersstraat  30-Bus 101 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2015

 

 

Date of Incorporation :

06.02.2008

 

 

Com. Reg. No.:

895820536

 

 

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 :

B

 

Credit Rating

Explanation

 

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

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

 

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. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. Belgium is 100% 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.

Belgium’s GDP grew by 1.4% in 2016, unemployment at yearend was 8.4%, and the budget deficit was 2.7% of GDP. The economy largely recovered from the March 2016 terrorist attacks, which 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 107% 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 tax policy, 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.

 

Source : CIA

 

Company summary

                                                           

Business  number

895820536

Branche  Unit  Number

2168921384

Company  name

DIASQUA  EUROPE  BVBA

Address

HOVENIERSSTRAAT  30-BUS  101

 

2018 ANTWERPEN

Date  of  establishment

06/02/2008

Telephone  number

3232268126

Mobile  number

-

Fax  number

032268126

Liable  for  VAT

yes

VAT  Number

BE.0895.820.536  Check  VAT  number

 

 

Commentary

 

The business  was  established  over  9  years  ago.

No employees  are  recorded  for  this  business.

The  business  has  been  at  the  address  for  over  6  years.

Operating  Result  in  the  latest  trading  period  decreased  23%  on  the  previous  trading  period.

The business  saw  an  increase  in  their  Cash  Balance  of  309%  during  the  latest  trading  period.

 

 

Annual accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2015

 

45,896

491,530

207,911

31/12/2014

 

42,335

463,494

178,222

31/12/2013

 

58,572

429,465

140,847

 

ACCOUNTS     

                                   

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2015

6,133,418

-

304,000

56,428

31/12/2014

5,141,855

-

304,000

62,708

31/12/2013

5,268,337

-

304,000

72,940

 

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

199.36

Industry  average  day  sales

202.90

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

895820536

Company  name

DIASQUA  EUROPE  BVBA

Fax  number

032268126

Date  founded

06/02/2008

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2015

Activity  code

46761

Number  of  staff

-

Activity  description

Wholesale  of  diamonds 

and other  precious  stones

 

 

Belgian  Bullettin  of 

Acts Publications

moniteur  belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

Significant  Events

 

Event  Date

31/12/2010

Event  Description

proposal  to  change  address  filed

Event  Details

 

 

 

Company accounts

 

ASSETS

 

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2015

%

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

521,715

-5.12

549,843

-4.96

578,522

-4.67

606,869

-4.37

634,580

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

521,465

-5.12

549,593

-4.96

578,272

-4.67

606,619

-4.37

634,330

Land  &  building

516,170

7.17

481,655

-3.17

497,447

-3.08

513,240

-2.99

529,032

Plant  &  machinery

986

-64.35

2,764

-45.74

5,094

-28.18

7,092

-16.11

8,455

Furniture  &  Vehicles

4,310

-17.94

5,252

-15.21

6,194

-13.20

7,137

-11.66

8,079

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-100

59,922

-13.83

69,536

-12.15

79,151

-10.83

88,765

Financial  fixed  assets

250

0

250

0

250

0

250

0

250

Total  current  assets

5,611,702

22.21

4,592,013

-2.09

4,689,815

3.29

4,540,292

10.23

4,119,048

Inventories

851,665

68.58

505,210

712

62,144

-80.14

312,834

-58.56

754,862

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

851,665

68.58

505,210

712

62,144

-80.14

312,834

-58.56

754,862

Trade  debtors

4,514,498

12.15

4,025,565

-9.26

4,436,270

6.58

4,162,349

29.00

3,226,528

Other  amounts  receivable

2,771

42.13

1,950

-5.63

2,066

2.37

2,018

213

643

Cash

240,621

309

58,723

-68.43

185,981

200

61,844

-54.82

136,895

Miscellaneous  current  assets

2,148

280

565

-83.16

3,354

168

1,247

943

119

Total  Assets

6,133,418

19.28

5,141,855

-2.40

5,268,337

2.35

5,147,162

8.28

4,753,629

 

 

LIABILITIES

 

Total  shareholders  equity

491,530

6.05

463,494

7.92

429,465

11.44

385,394

11.07

346,979

Issued  share  capital

304,000

0

304,000

0

304,000

0

304,000

0

304,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

187,530

17.58

159,494

27.12

125,465

54.15

81,394

89.38

42,979

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

5,641,887

20.60

4,678,361

-3.32

4,838,871

1.62

4,761,768

8.06

4,406,650

Other  long  term  loans

238,095

-10.01

264,571

-8.74

289,903

-7.60

313,739

-6.68

336,182

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

238,095

-10.01

264,571

-8.74

289,903

-7.60

313,739

-6.68

336,182

Current  portion  of  long  term  debt

28,050

4.18

26,925

5.44

25,536

3.08

24,772

14.93

21,553

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

5,328,019

24.05

4,295,123

-3.62

4,456,245

2.29

4,356,397

8.97

3,997,635

Amounts  Payable  for  Taxes,

8,000

100

4,000

-57.89

9,500

58.33

6,000

200

2,000

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

39,724

-54.73

87,743

52.10

57,687

-5.21

60,859

23.49

49,281

Total  current  liabilities

5,403,792

22.43

4,413,791

-2.97

4,548,968

2.27

4,448,028

9.28

4,070,469

Total  Liabilities

6,133,418

19.28

5,141,855

-2.40

5,268,337

2.35

5,147,162

8.28

4,753,629

 

 

ratio analysis         

                                                                                   

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

6.29

8.26

5.81

-28.62

8.14

16.12

7.01

40.76

4.98

Return  on  total  assets  employed

0.75

-8.54

0.82

-26.13

1.11

16.84

0.95

31.94

0.72

Return  on  net  assets  employed

9.34

2.30

9.13

-33.06

13.64

7.23

12.72

29.66

9.81

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.04

0

1.04

0.97

1.03

0.98

1.02

0.99

1.01

Liquidity  ratio  /  acid  ratio

0.88

-5.38

0.93

-8.82

1.02

7.37

0.95

14.46

0.83

Current  debt  ratio

10.99

15.44

9.52

-10.10

10.59

-8.23

11.54

-1.62

11.73

Cashflow

56,428

-10.01

62,708

-14.03

72,940

6.99

68,173

18.77

57,399

Net  worth

491,530

6.05

463,494

7.92

429,465

11.44

385,394

11.07

346,979

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

54.15

-13.90

62.89

-14.38

73.45

-16.38

87.84

-14.80

103.10

Equity  in  percentage

8.01

-11.10

9.01

10.55

8.15

8.81

7.49

2.60

7.30

Total  debt  ratio

11.48

13.78

10.09

-10.47

11.27

-8.82

12.36

-2.68

12.70

Working  capital

207,911

16.66

178,222

26.54

140,847

52.66

92,264

89.92

48,580

 

 

PROFIT & LOSS 

                                                                                                                                        

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

105,489

-17.67

128,123

37.93

92,893

0.78

92,172

-14.83

108,216

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

28,392

-1.00

28,679

-0.66

28,868

-2.99

29,757

17.37

25,354

Operating  result

72,871

-23.49

95,243

58.91

59,935

2.93

58,229

-26.22

78,919

Total  financial  income

76

9147

1

-99

13,599

47.19

9,239

3185793

0

Total  financial  expenses

27,050

-48.87

52,909

253

14,962

-18.92

18,454

-58.88

44,874

Results  on  ordinary  operations  before  taxation

45,896

8.41

42,335

-27.72

58,572

19.50

49,014

43.97

34,045

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

-

-

0

-

0

-

0

Results  for  the  Year  Before  Taxation

45,896

8.41

42,335

-27.72

58,572

19.50

49,014

43.97

34,045

Taxation

17,860

115

8,306

-42.72

14,500

36.81

10,599

429

2,000

Results  on  ordinary  operations  after  taxation

28,036

-17.61

34,029

-22.79

44,071

14.72

38,416

19.88

32,045

Net  result

28,036

-17.61

34,029

-22.79

44,071

14.72

38,416

19.88

32,045

Profit  (Loss)  for  the  Year  to  be  appropiated

28,036

-17.61

34,029

-22.79

44,071

14.72

38,416

19.88

32,045

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2015

 

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

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

Women

 

 

 

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non 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  payment expectation  days

199.36

Industry  average  day  sales outstanding

202.90

 

 

Industry quartile analysis

 

 Payment  expectations

 

Company  result

-

Lower

124.54

Median

58.30

Upper

26.65

 

Day  sales  outstanding

 

Company  result

-

Lower

131.12

Median

82.06

Upper

44.92

 

 

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

 

 

Individual Shareholders

 

SHAREHOLDER NAME

Forename

Nimesh

Middle  name

-

Surname

Mehta

 

 

SHAREHOLDER  DETAILS

 

 

 

Start  date

05/11/2009(estimated)

End  date

-

Percentage  owned

100%

 

 

SHAREHOLDER  ADDRESS

 

 

 

Street  name

-

House  number

-

Postal  town

-

 

 

Post  code

-

Country

India

 

 

Companies that match this address   

                                                                                                                              

Business  number

Company  name

Date  of  accounts

441543208

SACHDIAM  EBVBA

31/12/2016

 

 

 

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

06/02/2008

Street

1 KAREL  OOMSSTRAAT  ANTWERPEN

Post  code

2018

Country

Belgium

Name

Sachiv  Bhansali

 

Former  director  details

 

 

Name

Rushabh  Desai

Position

Manager

Start  Date

14/12/2010

End  Date

30/11/2014

Street

106 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.14

UK Pound

1

INR 89.50

Euro

1

INR 79.43

Euro

1

INR 78.64

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

NIT

 

 

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.