|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491684 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARJAV DIAMONDS NV |
|
|
|
|
Registered Office : |
Schupstraat 18, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.07.1981 |
|
|
|
|
Com. Reg. No.: |
421848545 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Wholesale of diamonds and other precious stones |
|
|
|
|
No. of Employees : |
11 |
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 (30.06.2017) |
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 421848545
Branche Unit Number 2021425065
Company name ARJAV DIAMONDS NV
Address SCHUPSTRAAT 18
2018 ANTWERPEN
Date of establishment 22/07/1981
Telephone number 3232338090
Mobile number
-
Fax number 032261321
Liable for VAT Yes
VAT Number
BE.0421.848.545
Check VAT number
Commentary
The business was established over 36 years ago.
The business has 11 employees.
The business is part of a group.
The business has been at the address for over 27
years.
There has been no significant change in the
business's credit rating.
Pre-tax profits decreased by 52% compared to the
previous trading period.
The business saw a decrease in their Cash Balance of 71% during the
latest trading period.
ANNUAL ACCOUNTS
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE
TAX |
NET WORTH |
WORKING
CAPITAL |
|
31/12/2016 |
513,872,353 |
395,216 |
131,665,141 |
202,495,278 |
|
31/12/2015 |
633,219,417 |
840,866 |
139,057,731 |
213,265,659 |
|
31/12/2014 |
660,188,405 |
580,748 |
113,760,573 |
175,857,054 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2016 |
605,683,471 |
11 |
61,828,015 |
244,698 |
|
31/12/2015 |
582,647,905 |
11 |
65,178,173 |
517,247 |
|
31/12/2014 |
469,789,514 |
10 |
53,680,743 |
402,795 |
Payment
expectations
|
||||
|
Past payments |
|
Payment expectation days |
104.94 |
|
|
Industry average payment expectation days |
200.93 |
Industry average day sales
outstanding |
212.08 |
|
|
Day sales outstanding |
192.98 |
|
|
|
Court data summary
|
BANKRUPTCY DETAILS |
||||
|
Court action type |
No |
|
|
|
|
PROTESTED BILLS |
||||
|
Bill amount |
||||
|
NSSO DETAILS |
||||
|
Date of summons |
-- |
|
|
|
Company information
|
Business
Number |
421848545 |
Company
Name |
ARJAV DIAMONDS NV |
|
Fax Number |
032261321 |
Date
Founded |
22/07/1981 |
|
Company
Status |
active |
Company
Type |
Public Limited Company |
|
Currency |
Euro (€) |
Date
of Latest Accounts |
31/12/2016 |
|
Activity
Code |
46761 |
Number
of Staff |
11 |
|
Activity
Description |
Wholesale of diamonds and other precious stones |
|
|
|
Belgian
Bullettin of Acts Publications |
Moniteur Belge |
|
|
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 12/09/2014
Event Details Neergelegd: éénparig schriftelijk
aandeelhoudersbesluit overeenkomstig art. 556
W.Venn.
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 |
73,831,363 |
-5.13 |
77,826,206 |
22.56 |
63,502,519 |
15.79 |
54,842,609 |
-26.73 |
74,849,480 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
1,315,559 |
-8.20 |
1,433,125 |
18.98 |
1,204,524 |
10.12 |
1,093,788 |
-28.20 |
1,523,399 |
|
Land & building |
1,172,284 |
-6.46 |
1,253,234 |
19.75 |
1,046,519 |
12.05 |
933,997 |
-28.46 |
1,305,524 |
|
Plant & machinery |
134,450 |
-14.73 |
157,669 |
24.33 |
126,812 |
2.41 |
123,829 |
-33.98 |
187,576 |
|
Furniture & Vehicles |
8,826 |
-60.28 |
22,222 |
-28.76 |
31,193 |
-13.26 |
35,962 |
18.69 |
30,299 |
|
Leasing & Other Similar |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
Other tangible assets |
-1 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Financial fixed assets |
72,515,804 |
-5.08 |
76,393,081 |
22.63 |
62,297,995 |
15.91 |
53,748,821 |
-26.70 |
73,326,081 |
|
Total current assets |
531,852,108 |
5.35 |
504,821,699 |
24.25 |
406,286,995 |
0.51 |
404,236,316 |
-30.57 |
582,239,949 |
|
Inventories |
257,384,662 |
37.19 |
187,612,448 |
48.09 |
126,687,422 |
-8.19 |
137,988,669 |
-8.06 |
150,083,921 |
|
Raw materials & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
consumables |
|
|
|
|
|
|
|
|
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
257,384,662 |
37.19 |
187,612,448 |
48.09 |
126,687,422 |
-8.19 |
137,988,669 |
-8.06 |
150,083,921 |
|
Other stocks |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade debtors |
271,687,771 |
-12.34 |
309,927,738 |
13.39 |
273,321,639 |
4.35 |
261,938,313 |
-38.21 |
423,942,679 |
|
Other amounts receivable |
394,129 |
76.10 |
223,813 |
62.34 |
137,865 |
37.07 |
100,577 |
-63.47 |
275,307 |
|
Cash |
1,865,982 |
-71.06 |
6,446,805 |
6.99 |
6,025,422 |
45.02 |
4,154,850 |
-46.87 |
7,820,135 |
|
Miscellaneous current assets |
519,564 |
-14.95 |
610,895 |
432 |
114,647 |
112 |
53,907 |
-54.28 |
117,907 |
|
Total Assets |
605,683,472 |
3.95 |
582,647,905 |
24.02 |
469,789,514 |
2.33 |
459,078,925 |
-30.13 |
657,089,429 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
131,665,141 |
-5.32 |
139,057,731 |
22.24 |
113,760,573 |
13.95 |
99,837,062 |
28.65 |
77,605,662 |
|
Issued share capital |
61,828,015 |
-5.14 |
65,178,173 |
21.42 |
53,680,743 |
13.58 |
47,260,693 |
-27.49 |
65,178,173 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
69,837,126 |
-5.47 |
73,879,558 |
22.97 |
60,079,830 |
14.27 |
52,576,369 |
323 |
12,427,489 |
|
Provisions for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
474,018,330 |
6.75 |
444,056,040 |
24.72 |
356,028,941 |
-0.89 |
359,241,863 |
-38.01 |
579,483,767 |
|
Other long term loans |
144,661,500 |
-5.14 |
152,500,000 |
21.42 |
125,599,000 |
13.58 |
110,577,750 |
72410 |
152,500 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
144,661,500 |
-5.14 |
152,500,000 |
21.42 |
125,599,000 |
13.58 |
110,577,750 |
72410 |
152,500 |
|
Current portion of long term |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
debt |
|
|
|
|
|
|
|
|
|
|
Financial debts |
175,548,859 |
-4.88 |
184,561,164 |
11.35 |
165,755,388 |
-7.01 |
178,258,459 |
-56.45 |
409,309,442 |
|
Trade creditors |
144,174,094 |
46.63 |
98,327,065 |
64.95 |
59,609,362 |
-4.95 |
62,715,192 |
480 |
10,810,255 |
|
Amounts Payable for Taxes, Remuneration
& Social Security |
581,188 |
31.34 |
442,505 |
-73.49 |
1,668,938 |
16.77 |
1,429,206 |
1639 |
82,141 |
|
Miscellaneous current |
9,052,689 |
10.06 |
8,225,306 |
142 |
3,396,253 |
-45.76 |
6,261,256 |
-96.07 |
159,129,429 |
|
liabilities |
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
329,356,830 |
12.97 |
291,556,040 |
26.53 |
230,429,941 |
-7.33 |
248,664,113 |
-57.08 |
579,331,267 |
|
Total Liabilities |
605,683,472 |
3.87 |
583,113,771 |
24.12 |
469,789,514 |
2.33 |
459,078,925 |
-30.13 |
657,089,429 |
|
RATIO
ANALYSIS |
|||||||||
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.08 |
-38.46 |
0.13 |
44.44 |
0.09 |
1.88 |
-4.79 |
77.01 |
-6.22 |
|
Return on capital employed |
0.14 |
-51.72 |
0.29 |
20.83 |
0.24 |
1.80 |
-13.31 |
18.87 |
-70.53 |
|
Return on total assets employed |
0.07 |
-50.0 |
0.14 |
16.67 |
0.12 |
1.97 |
-6.10 |
73.05 |
-8.35 |
|
Return on net assets employed |
0.30 |
-50.0 |
0.60 |
17.65 |
0.51 |
1.82 |
-28.06 |
39.71 |
-70.66 |
|
Sales / net working capital |
2.54 |
-14.48 |
2.97 |
-20.80 |
3.75 |
-0.27 |
3.76 |
-98.76 |
303.34 |
|
Stock turnover ratio |
50.09 |
69.05 |
29.63 |
54.40 |
19.19 |
-18.72 |
23.61 |
38.80 |
17.01 |
|
Creditor days |
104.94 |
81.37 |
57.86 |
72.92 |
33.46 |
-11.88 |
37.97 |
743 |
4.50 |
|
Debtor days |
192.98 |
8.02 |
178.65 |
18.23 |
151.11 |
-7.61 |
163.56 |
-6.74 |
175.38 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.61 |
-6.94 |
1.73 |
-1.70 |
1.76 |
7.98 |
1.63 |
61.39 |
1.01 |
|
Liquidity ratio / acid ratio |
0.83 |
-23.85 |
1.09 |
-9.92 |
1.21 |
13.08 |
1.07 |
42.67 |
0.75 |
|
Current debt ratio |
2.50 |
19.05 |
2.10 |
3.45 |
2.03 |
-18.47 |
2.49 |
-66.67 |
7.47 |
|
Cashflow |
244,698 |
-52.69 |
517,247 |
28.41 |
402,795 |
-99 |
43,600,809 |
79.63 |
-54,757,447 |
|
Net worth |
131,665,141 |
-5.32 |
139,057,731 |
22.24 |
113,760,573 |
13.95 |
99,837,062 |
28.65 |
77,605,662 |
|
LONG TERM
STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
243.20 |
0.33 |
242.39 |
-5.36 |
256.11 |
-11.48 |
289.31 |
-45.17 |
527.62 |
|
Equity in percentage |
21.74 |
-8.92 |
23.87 |
-1.45 |
24.22 |
11.36 |
21.75 |
84.17 |
11.81 |
|
Total debt ratio |
3.60 |
12.85 |
3.19 |
1.92 |
3.13 |
-13.06 |
3.60 |
-51.81 |
7.47 |
|
Working capital |
202,495,278 |
-5.05 |
213,265,659 |
21.27 |
175,857,054 |
13.04 |
155,572,203 |
5248 |
2,908,682 |
|
PROFIT
& LOSS |
|||||||||
|
Operating Income |
513,895,681 |
-18.85 |
633,234,757 |
-4.09 |
660,217,993 |
12.94 |
584,572,121 |
-33.75 |
882,341,162 |
|
Turnover |
513,872,353 |
-18.85 |
633,219,417 |
-4.09 |
660,188,405 |
12.94 |
584,534,677 |
-33.75 |
882,330,871 |
|
Total operating expenses |
501,461,662 |
-19.15 |
620,239,110 |
-4.61 |
650,211,413 |
7.87 |
602,800,773 |
-31.25 |
876,750,349 |
|
Gross Operating Margin |
- |
- |
0 |
- |
- |
- |
- |
- |
- |
|
Operating Charges |
501,459,154 |
-19.15 |
620,254,450 |
-4.61 |
650,241,001 |
7.86 |
602,838,217 |
-31.24 |
876,760,640 |
|
Employee costs |
615,473 |
3.52 |
594,562 |
4.61 |
568,370 |
25.41 |
453,215 |
-22.43 |
584,302 |
|
Wages and salary |
- |
- |
447,259 |
5.55 |
423,750 |
24.22 |
341,118 |
- |
- |
|
Employee pension costs |
- |
- |
0 |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
150,364 |
14.65 |
131,153 |
27.12 |
103,170 |
- |
- |
|
Other employee costs |
615,473 |
20106 |
-3,061 |
-122 |
13,466 |
50.85 |
8,927 |
- |
0 |
|
Director remuneration |
- |
- |
222,615 |
2.65 |
216,863 |
12.29 |
193,128 |
- |
- |
|
Amortization and |
47,800 |
-6.97 |
51,381 |
23.86 |
41,483 |
16.48 |
35,613 |
-30.17 |
51,001 |
|
depreciation |
|
|
|
|
|
|
|
|
|
|
Operating result |
12,410,691 |
-4.39 |
12,980,307 |
30.10 |
9,976,992 |
54.62 |
-18,266,096 |
-427 |
5,580,522 |
|
Total financial income |
863,376 |
-62.40 |
2,296,354 |
-8.11 |
2,499,131 |
2268 |
105,527 |
95.50 |
53,977 |
|
Total financial expenses |
12,904,686 |
-10.61 |
14,435,795 |
21.36 |
11,895,374 |
20.71 |
9,854,208 |
-83.71 |
60,473,852 |
|
Results on ordinary operations before taxation |
395,216 |
-53.00 |
840,866 |
44.79 |
580,748 |
2.07 |
-28,014,777 |
51.09 |
-54,839,353 |
|
Extraordinary Income |
- |
- |
0 |
- |
- |
- |
72,957,664 |
- |
- |
|
Extraordinary Charges |
25,835 |
- |
0 |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
-25,835 |
- |
0 |
- |
0 |
-100 |
72,957,664 |
- |
0 |
|
Results for the Year Before Taxation |
369,381 |
-56.07 |
840,866 |
44.79 |
580,748 |
-98.71 |
44,942,886 |
81.95 |
-54,839,353 |
|
Taxation |
172,483 |
-54.00 |
375,000 |
70.89 |
219,437 |
-84.07 |
1,377,690 |
4457 |
-30,905 |
|
Results on ordinary operations after taxation |
222,733 |
-52.19 |
465,866 |
28.94 |
361,311 |
1.23 |
-29,392,467 |
53.63 |
-54,808,448 |
|
Net result |
196,898 |
-57.74 |
465,866 |
28.94 |
361,312 |
-99 |
43,565,196 |
79.49 |
-54,808,448 |
|
Profit (Loss) for the Year to be
appropriated |
196,898 |
-57.74 |
465,866 |
28.94 |
361,312 |
-99 |
43,565,196 |
79.49 |
-54,808,448 |
|
Dividends |
- |
- |
0 |
- |
- |
- |
- |
- |
- |
Social BALANCE SHEET DETAILS
|
Social
Balance Sheet |
Total |
|
During
the reporting year |
|
|
ended
31-12-2016 |
|
|
Full-time
Employees |
9 |
|
Part-time
Employees |
3 |
|
Total
Fte Employees |
11 |
|
|
|
|
Number
of hours worked |
|
|
Full-time
Employees |
14,312 |
|
Part-time
Employees |
3,783 |
|
Total |
18,095 |
|
|
|
|
Personnel
Charges |
|
|
Full-time
Employees |
553,829 |
|
Part-time
Employees |
61,645 |
|
Total |
615,473 |
|
Benefits
In Addition To Wages |
- |
|
|
|
|
During
the previous reporting year |
|
|
Average
number employees in Fte |
11 |
|
Actual
working hours |
18,095 |
|
Personnel
Charges |
615,473 |
|
Benefits
In Addition To Wages |
- |
|
Type
of Contract |
Full-Time |
Part-Time |
Total
Fte |
|
Unlimited Duration Contracts |
9 |
3 |
11 |
Gender and Education
Level
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy education |
5 |
- |
5 |
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
Secondairy
education |
3 |
3 |
5 |
|
Higher education
(university) |
1 |
- |
1 |
|
Working
Category |
Full-Time |
Part-Time |
Total
Fte |
|
White
collar worker |
8 |
1 |
9 |
|
Blue
collar worker |
1 |
2 |
3 |
|
New
staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
New
Starters |
3 |
- |
3 |
|
Leavers |
3 |
- |
3 |
Industry comparison |
|
|
Activity code |
46761 |
|
Activity description |
Wholesale of diamonds and other precious stones |
Payment expectations |
|
|
Payment expectation days |
104.94 |
|
Day sales outstanding |
192.98 |
|
|
|
|
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 |
104.94 |
|
Lower |
131.18 |
|
Median |
58.79 |
|
Upper |
26.55 |
|
|
|
|
Day sales
outstanding |
|
|
Company result |
192.98 |
|
Lower |
134.36 |
|
Median |
82.06 |
|
Upper |
44.92 |
Shareholder details
Group Structure
|
Company
Name |
Number |
Latest
Financials |
|
- ARJAV DIAMONDS NV |
421848545 |
31-12-2015 |
|
- - LUMINIS STAR NV |
881553816 |
31-12-2016 |
|
- -
ARJAV DIAMONDS INDIA PVT LTD SOC.ETR. E... |
|
|
Minority Shareholders
No minority shareholders found
Minority Interests
|
Business Number |
Company Name |
% |
Date of
Accounts |
|
887714306 |
ARJAV BIDS NV |
50 |
31/12/2014 |
Individual
shareholders
|
SHAREHOLDER
NAME |
|
|
|
|
Forename |
Ashit |
Middle
Name |
- |
|
Surname |
Metha |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
28/10/2010(estimated) |
End Date |
- |
|
Percentage owned |
49.5% |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street name |
Della Faillelaan |
House
Number |
19 |
|
Postal town |
Antwerpen |
|
|
|
Post code |
2610 |
Country |
Belgium |
|
|
|
|
|
|
SHAREHOLDER
NAME |
|
|
|
|
Forename |
Arjav |
Middle
Name |
- |
|
Surname |
Metha |
|
|
|
|
|
|
|
|
SHAREHOLDER
DETAILS |
|
|
|
|
Start date |
28/10/2010(estimated) |
End date |
- |
|
Percentage owned |
46.09% |
|
|
|
|
|
|
|
|
SHAREHOLDER
ADDRESS |
|
|
|
|
Street name |
Della Faillelaan |
House
number |
19 |
|
Postal town |
Antwerpen |
|
|
|
Post code |
2020 |
Country |
Belgium |
Linked Companies
|
Company
Name |
Number |
Latest
Financials |
|
- ARJAV BIDS NV |
887714306 |
31-12-2014 |
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 |
Managing Director |
|
Start Date |
01/04/2008 |
|
Street |
19 DELLA FAILLELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
Arjav Mehta |
|
Position |
Director |
|
Start Date |
01/04/2008 |
|
Street |
19 DELLA FAILLELAAN ANTWERPEN |
|
Post code |
2020 |
|
Country |
Belgium |
|
|
|
|
Name |
Ashit Mehta |
|
Position |
Managing Director |
|
Start Date |
27/06/1996 |
|
|
|
|
Position |
Director |
|
Start Date |
27/06/1996 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
|
Euro |
1 |
INR 78.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.