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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491977

Report Date :

15.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ARHAM DIAMONDS BVBA

 

 

Registered Office :

Pelikaanstraat 62, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

13.01.2014

 

 

Com. Reg. No.:

544505639

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale of Diamonds and Other Precious Stones.

 

 

No. of Employees :

1

 

 

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 

 

 

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 NAME

 

ARHAM DIAMONDS BVBA 

 

 

Company summary                        

 

Business Number

544505639

Branche Unit  Number

2226086949

Company Name

ARHAM DIAMONDS BVBA

Address

PELIKAANSTRAAT  62

 

2018 ANTWERPEN

Date of establishment

13/01/2014

Telephone Number

3232330024

Mobile Number

-

Fax Number

-

Liable for VAT

yes

VAT Number

BE.0544.505.639  Check  VAT  number

 

 

Commentary

 

The business was established over 4 years ago.

The business has 1 employees.

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

Operating Result in the latest trading period increased 1210% on the previous trading period.

Net Worth increased by 1050% during the latest trading period.

A  40%  growth  in  Total  Assets  occurred  during  the  latest  trading period.

Pre-tax  profits  increased  by  1608%  compared  to  the  previous  trading period. The business saw an increase in their Cash Balance of 129% during the latest trading period.

 

 

Annual accounts

 

DATE  OF  LATEST 

ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

528,641

400,907

463,012

31/12/2015

 

30,945

34,834

368,909

31/12/2014

 

-5,530

13,070

13,070

 

Accounts

 

 

 

 

 

DATE  OF  LATEST 

ACCOUNTS

BALANCE  TOTAL

NUMBER  OF 

EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

4,538,373

1

18,600

366,780

31/12/2015

3,222,887

-

18,600

26,964

31/12/2014

-

-

18,600

-5,530

 

 

PAYMENT EXPECTATIONS

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

expectation  days

200.93

Industry  average  day  sales

outstanding

212.08

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

544505639

Company  name

ARHAM DIAMONDS BVBA

Fax  number

-

Date  founded

13/01/2014

Company  status

Active

Company  type

Private limited liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

46761

Number  of  staff

1

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

 

ASSETS

 

 

 

 

 

Annual  accounts

31-12-2016

%

31-12-2015

%

31-12-2014

Weeks

52

 

52

 

50

Currency

EUR

 

EUR

 

EUR

Total  fixed  assets

18,753

174

6,821

-

0

Intangible  fixed  assets

221

-92.17

2,821

-

0

Tangible  fixed  assets

14,292

-

0

-

0

Land  &  building

0

-

0

-

0

Plant  &  machinery

1,898

-

0

-

0

Furniture  &  Vehicles

12,394

-

0

-

0

Leasing  &  Other  Similar  Rights

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

Financial  fixed  assets

4,240

6.00

4,000

-

0

Total  current  assets

4,519,620

40.53

3,216,066

21674

14,770

Inventories

2,211,820

55.99

1,417,882

-

0

Raw  materials  &  consumables

0

-

0

-

0

Work  in  progress

0

-

0

-

0

Finished  goods

0

-

0

-

0

Other  stocks

2,211,820

55.99

1,417,882

-

0

Trade  debtors

1,858,591

18.32

1,570,760

-

0

Other  amounts  receivable

8,848

-73.50

33,383

3231

1,002

Cash

434,434

129

189,578

1276

13,768

Miscellaneous  current  assets

5,928

32.85

4,462

-

0

Total  Assets

4,538,373

40.82

3,222,887

21720

14,770

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Total  shareholders  equity

401,128

965

37,655

188

13,070

Issued  share  capital

18,600

0

18,600

0

18,600

Share  premium  account

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

Reserves

382,528

1907

19,055

344

-5,530

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

Creditors

4,137,245

29.89

3,185,232

187309

1,700

Other  long  term  loans

80,638

-76.15

338,075

-

0

Other  long  term  liabilities

0

-

0

-

0

Total  long  term  debts

80,638

-76.15

338,075

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

Financial  debts

0

-

0

-

0

Trade  creditors

3,887,772

36.87

2,840,462

322090

882

Amounts  Payable  for  Taxes, 

Remuneration  &  Social  Security

168,184

2495

6,479

-

0

Miscellaneous  current  liabilities

652

201

216

-73.54

818

Total  current  liabilities

4,056,608

42.48

2,847,157

167418

1,700

Total  Liabilities

4,538,373

40.82

3,222,887

21720

14,770

 

 

RATIO ANALYSIS

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

Return  on  capital  employed

109.73

1231

8.24

19.48

-42.31

Return  on  total  assets  employed

11.65

1113

0.96

2.56

-37.44

Return  on  net  assets  employed

131.79

60.37

82.18

194

-42.31

Sales  /  net  working  capital

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

Creditor  days

-

-

-

-

-

Debtor  days

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

Current  ratio

1.11

-1.77

1.13

-87.00

8.69

Liquidity  ratio  /  acid  ratio

0.57

-9.52

0.63

-92.75

8.69

Current  debt  ratio

10.11

-86.63

75.61

58061

0.13

Cashflow

366,780

1260

26,964

487

-5,530

Net  worth

400,907

1050

34,834

166

13,070

LONG  TERM  STABILITY

 

 

 

 

 

Gearing

20.10

-97.76

897.82

-

-

Equity  in  percentage

8.84

655

1.17

-98.68

88.49

Total  debt  ratio

10.31

-87.81

84.59

64969

0.13

Working  capital

463,012

25.51

368,909

2722

13,070

 

 

 

 

 

 

 

 

PROFIT  &  LOSS

 

 

 

 

 

Operating  Income

-

-

-

-

-

Turnover

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

Gross  Operating  Margin

580,359

1160

46,037

1130

-4,071

Operating  Charges

0

-

-

-

-

Employee  costs

18,690

-

-

-

-

Wages  and  salary

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

Other  employee  costs

18,690

-

-

-

-

Director  remuneration

-

-

-

-

-

Amortization  and  depreciation

3,308

39.02

2,379

-

-

Operating  result

553,872

1210

42,253

764

-5,526

Total  financial  income

3,229

121

1,458

-

-

Total  financial  expenses

28,460

122

12,767

364665

4

Results  on  ordinary  operations 

before  taxation

528,641

1608

30,945

559

-5,530

Extraordinary  Income

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

Extraordinary  items

-

-

-

-

-

Results  for  the  Year  Before  Taxation

528,641

1608

30,945

559

-5,530

Taxation

165,168

2496

6,360

-

-

Results  on  ordinary  operations  after 

taxation

363,473

1378

24,585

444

-5,530

Net  result

363,473

1378

24,585

444

-5,530

Profit  (Loss)  for  the  Year  to  be 

appropiated

363,473

1378

24,585

444

-5,530

Dividends

-

-

-

-

-

 

 

Social Balance Sheet Details

 

Social Balance Sheet Details

 

Social  Balance  Sheet

Total

During  the  reporting  year ended  31-12-2016

 

Full-time  Employees

1

Part-time  Employees

-

Total  Fte  Employees

1

 

 

Number  of  hours  worked

 

Full-time  Employees

1,132

Part-time  Employees

-

Total

1,132

 

 

Personnel  Charges

 

Full-time  Employees

16,690

Part-time  Employees

-

Total

16,690

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

1

-

1

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

-

1

Secondairy  education

-

-

-

Higher  education  (non university)

-

-

-

Higher education (university)

-

-

-

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

1

-

1

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

1

-

1

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 credit rating

69.49

Industry average credit limit

174762.71

 

 

Payment Information

 

Payment Information Summary

 

Total  number  of  Invoices  available

2

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

2

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

0

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

 

 

Companies that match this address

 

Business

Number

Company Name

Date  of

Accounts

452154018

ANTEX  INTERNATIONAL  DIAMOND  CY  BVBA

31/12/2016

891846209

RSD  BVBA

31/12/2014

404107740

ANTWERP  DIAMOND  CUTTING  NV

31/12/2012

437451291

LIMO  DIAMONDS  BVBA

31/12/2005

479736264

DIABRO  EBVBA

31/12/2016

435398356

MEANDIAM  BVBA

31/12/1999

863211413

ADLER  R.  BVBA

31/12/2016

412829327

ALDIAEM  BVBA

31/12/2000

412088266

PAG  GEMS  NV

-

870077825

LA  JOLLA  TRADING  NV

31/12/2011

429129582

JOJO  MANUFACTURING  NV

31/12/2000

432103326

MONNICKENDAM  AND  AKADIAM  MANUFACTURING  COMPANY  NV

31/12/2004

459939851

ANTWERP  DIAMOND  WORKS  EBVBA

30/03/2016

542591769

NICOLE  DECOMBES  BVBA

31/12/2016

431371866

I.B.  INTERNATIONAL  BVBA

-

475242491

BARSAMIAN  MANUFACTURING  NV

31/12/2003

447257496

HARDWILL  DIAMONDS  BVBA

31/12/2016

507483907

REICHMANN  HENRY

-

453918725

ELIDIAM  BVBA

31/12/2016

421738281

SOCIÉTÉ  ANVERSOISE  DE  GEMMOLOGIE  BVBA

-

422521508

HAKIM  ET  CIE  BVBA

-

847574122

D-TRADERS  BVBA

30/03/2016

440183624

A.  HABERKORN  -  PH.  ROTHMAN  BVBA

-

430033860

AREMCO  BVBA

31/12/2016

437313612

ADDO  DIAMONDS  BVBA

31/12/2016

404930161

ASSOCIATED  DIAMOND  CUTTERS  BVBA

-

463611401

FAR  EAST  DIAMOND  DISTRIBUTORS  COMPANY  BVBA

31/12/2001

444603161

VAHE  OSKANIAN  DIAMONDS  NV

31/12/2016

460993290

MAISENBACHER  DIAMONDS  EBVBA

31/12/2016

404932834

BAUMGOLD  OF  ANTWERP  BVBA

-

525731486

DIAMPREST  ANTWERP  BVBA

31/12/2016

866050840

ANGOLEONE  BVBA

31/12/2013

825191569

PERCEPT  DIAMONDS  BVBA

31/12/2016

833972049

KLP  DIAMONDS  BVBA

31/12/2016

459521563

CLUBRESTO  EBVBA

31/12/1999

432335136

S.  LOONSTEEN  DIAMONDS  V.O.F.

-

418388021

RENÉ  J.  BENYACAR  EN  SON  NV

31/12/1998

448691217

SOBAV  INTERNATIONAL  BVBA

31/12/2000

441618234

D.I.S.  BVBA

-

404738735

VENNOOTSCHAP  VOOR  BEHEER  EN  VALORISATIE  VAN  ONROERENDE

29/06/2014

 

GOEDEREN  NV

 

429971504

BRUDIAMS  BVBA

-

416730113

VICTORY  DC  NV

31/12/2016

421953661

SOCOFIN  BVBA

-

416304697

D.  EN  D.  DE  BELDER  NV

-

418037138

AD.  BULWIK  EN  ZOON  BVBA

-

427274607

OGEM  BVBA

-

421185579

SUBHA  DIAMONDS  BVBA

-

809646033

EXELCO  BOTSWANA  BVBA

31/12/2013

830951290

DIAMANTAIRE  BVBA

31/12/2016

428088318

MALMICO  NV

31/12/1998

 

 

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

13/01/2014

Street

105 BELGIËLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Name

Ritesh  Mehta

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.13

UK Pound

1

INR 89.17

Euro

1

INR 79.39

EUR

1

INR 79.82

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.