MIRA INFORM REPORT

 

 

Report No. :

490639

Report Date :

09.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TOUCH STONE BVBA

 

 

Registered Office :

Schupstraat  9/11-Bus  9 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

05.09.2000

 

 

Com. Reg. No.:

472800467

 

 

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 :

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

 

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

472800467

Branche  Unit  Number

2100975260

Company  name

TOUCH  STONE  BVBA

Address

SCHUPSTRAAT  9/11-BUS  9

 

2018 ANTWERPEN

Date  of  establishment

05/09/2000

Telephone  number

3232338119

Mobile  number

-

Fax  number

-

Liable  for  VAT

yes

VAT  Number

BE.0472.800.467  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  17  years  ago.

The  business  has  0  employees.

The  business  has  been  at  the  address  for  over  11  years.

Operating  Result  in  the  latest  trading  period  increased  655%  on  the  previous  trading  period.

Net  Worth  increased  by  181%  during  the  latest  trading  period.

Pre-tax  profits  increased  by  1303%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  59%  during  the  latest  trading  period.

 

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

162,983

205,898

184,034

31/12/2015

 

11,615

73,215

51,739

31/12/2014

 

9,795

66,885

41,738

 

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

2,953,271

0

18,600

141,706

31/12/2015

2,788,449

0

18,600

14,664

31/12/2014

2,275,355

0

18,600

15,202

 

 

 

 

Payment expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

200.93

Industry  average  day  sales

212.08

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

472800467

Company  name

TOUCH  STONE  BVBA

Fax  number

-

Date  founded

05/09/2000

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

46761

Number  of  staff

0

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)

 

JIC  Code

200

Description

Additional  joint  committee  for  the  employees

category

 

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

05/09/2000

Event  Description

Legal  creation

Event  Details

 

 

 

Company  accounts

 

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

21,864

1.81

21,476

-27.96

29,810

-19.46

37,014

264

10,162

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

20,302

1.95

19,915

-29.50

28,248

-20.32

35,452

312

8,600

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

413

-58.50

996

-54.32

2,180

-2.41

2,234

-4.49

2,339

Furniture  &  Vehicles

19,889

5.13

18,919

-27.43

26,068

-21.52

33,218

430

6,261

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

1,562

0

1,562

0

1,562

0

1,562

-0.02

1,562

Total  current  assets

2,931,407

5.94

2,766,973

23.22

2,245,545

-12.71

2,572,574

48.66

1,730,498

Inventories

488,164

-28.09

678,885

-9.09

746,740

-19.52

927,906

56.29

593,708

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

488,164

-28.09

678,885

-9.09

746,740

-19.52

927,906

56.29

593,708

Trade  debtors

941,498

-17.81

1,145,454

56.43

732,226

-17.88

891,704

148

358,942

Other  amounts  receivable

9,295

170

3,441

-42.35

5,968

2.79

5,806

17.79

4,929

Cash

1,489,831

59.56

933,718

23.19

757,949

2.16

741,953

-3.51

768,946

Miscellaneous  current  assets

2,620

-52.15

5,475

105

2,663

-48.82

5,204

30.98

3,973

Total  Assets

2,953,271

5.91

2,788,449

22.55

2,275,355

-12.81

2,609,588

49.92

1,740,660

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

205,898

181

73,215

9.46

66,885

10.92

60,301

3.81

58,090

Issued  share  capital

18,600

0

18,600

0

18,600

0

18,600

0

18,600

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

187,298

242

54,615

13.11

48,285

15.79

41,701

5.60

39,490

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

2,747,372

1.18

2,715,234

22.95

2,208,470

-13.37

2,549,287

51.51

1,682,569

Other  long  term  loans

0

-

0

-100

4,663

-56.46

10,709

-

0

Other  long  term  liabilities

0

-

0

-

0

-

0

-100

1

Total  long  term  debts

0

-

0

-100

4,663

-56.46

10,709

1070829

1

Current  portion  of  long  term  debt

0

-100

4,663

-22.87

6,046

3.25

5,856

-

0

Financial  debts

0

-

0

-

0

-

0

-

0

Trade  creditors

2,634,315

4.12

2,530,131

24.47

2,032,714

-13.33

2,345,341

61.74

1,450,112

Amounts  Payable  for  Taxes,

34,649

317

8,306

9.17

7,608

-22.11

9,768

5.07

9,296

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

78,409

-54.45

172,134

9.33

157,439

-11.36

177,614

-20.41

223,161

Total  current  liabilities

2,747,372

1.18

2,715,234

23.21

2,203,807

-13.19

2,538,578

50.88

1,682,569

Total  Liabilities

2,953,271

5.91

2,788,449

22.55

2,275,355

-12.81

2,609,588

49.92

1,740,660

 

 

Ratio analysis

                                                                                                                                                    

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

79.16

399

15.86

15.85

13.69

100

6.83

-83.20

40.65

Return  on  total  assets  employed

5.52

1214

0.42

-2.33

0.43

126

0.19

-86.03

1.36

Return  on  net  assets  employed

79.16

399

15.86

8.26

14.65

81.99

8.05

-80.20

40.65

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.07

4.90

1.02

0

1.02

0.99

1.01

-1.94

1.03

Liquidity  ratio  /  acid  ratio

0.89

15.58

0.77

13.24

0.68

4.62

0.65

-4.41

0.68

Current  debt  ratio

13.34

-64.03

37.09

12.56

32.95

-21.73

42.10

45.37

28.96

Cashflow

141,706

866

14,664

-3.54

15,202

139

6,355

44.36

4,402

Net  worth

205,898

181

73,215

9.46

66,885

10.92

60,301

3.81

58,090

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

6.37

-60.21

16.01

-41.72

27.47

-

-

Equity  in  percentage

6.97

165

2.63

-10.54

2.94

27.27

2.31

-30.84

3.34

Total  debt  ratio

13.34

-64.03

37.09

12.33

33.02

-21.90

42.28

45.99

28.96

Working  capital

184,034

255

51,739

23.96

41,738

22.77

33,996

-29.07

47,929

 

 

Profit  &  loss

                                                                                                                                                           

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

203,635

354

44,824

5.51

42,482

82.93

23,223

-84.47

149,503

Operating  Charges

0

-

-

-

-

-

-

-

-

Employee  costs

11,768

9.63

10,734

-0.41

10,779

78.09

6,052

-

-

Wages  and  salary

-

-

9,030

-5.25

9,531

101

4,728

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

520

73.14

300

36.92

219

-

-

Other  employee  costs

11,768

893

1,184

24.96

948

-14.22

1,105

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

9,023

8.27

8,334

-3.29

8,617

107

4,145

22.62

3,380

Operating  result

181,182

655

23,995

11.17

21,584

115

10,015

-59.99

25,033

Total  financial  income

1,520

388

311

613

44

-67.41

134

-81.43

720

Total  financial  expenses

18,655

47.00

12,691

7.25

11,833

123

5,298

147

2,140

Results  on  ordinary  operations  before  taxation

162,983

1303

11,615

18.58

9,795

101

4,851

-79.46

23,614

Extraordinary  Income

1,065

-

-

-

1,500

-38.07

2,422

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

851

Extraordinary  items

1,065

-

-

-

1,500

-38.07

2,422

284

-851

Results  for  the  Year  Before  Taxation

164,047

1312

11,615

2.83

11,295

55.30

7,273

-68.05

22,763

Taxation

31,364

493

5,285

12.19

4,711

-6.96

5,063

-76.71

21,740

Results  on  ordinary  operations  after  taxation

131,618

1979

6,330

24.49

5,085

2402

-212

-111

1,874

Net  result

132,683

1996

6,330

-3.86

6,585

197

2,210

116

1,022

Profit  (Loss)  for  the  Year  to  be  appropiated

132,683

1996

6,330

-3.86

6,585

197

2,210

116

1,022

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

                                                                                                                                                 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-12-2016

 

Full-time  Employees

-

Part-time  Employees

1

Total  Fte  Employees

0

Number  of  hours  worked

 

Full-time  Employees

-

Part-time  Employees

672

Total

672

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

-

Total

-

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

0

Actual  working  hours

657

Personnel  Charges

10,734

Benefits  In  Addition  To  Wages

-

 

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

-

1

0

Contracts

 

 

 

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

-

-

-

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

1

0

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

-

1

0

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

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

4

Total  number  of  Invoices  paid  within  or  up  to  30  days  after  the  due  date

3

Total  number  of  Invoices  paid  more  than  30  days  after  the  due  date

1

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

-

Day  sales  outstanding

-

 

Industry  comparison          

Activity  code

46761

Activity  description

Wholesale  of  diamonds  and  other  precious  stones

Industry  average  payment expectation  days

200.93

Industry  average  day  sales outstanding

212.08

 

 

Industry  quartile  analysis

Payment  expectations

Company  result

-

Lower

131.18

Median

58.79

Upper

26.55

 

 

Day  sales  outstanding

 

Company  result

-

Lower

134.36

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

 

 

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

20/09/2000

Street

49 EUGENIO  PACELLILAAN  Edegem

Post  code

2650

Country

Belgium

Name

Manish  Shah

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.16

UK Pound

1

INR 89.19

Euro

1

INR 78.75

Euro

1

INR 78.99

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

 

 

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.