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MIRA
INFORM REPORT
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Report No. : |
493065 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ORION DIAM BVBA |
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Registered Office : |
Hoveniersstraat 2-Bus 333, 2018 Antwerpen |
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Country : |
Belgium |
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Date of Incorporation : |
30.06.2016 |
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Com. Reg. No.: |
657877853 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesale of diamonds and other precious stones |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Belgium |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company summary
Business number 657877853
Branche Unit Number 2254233181
Company name ORION DIAM BVBA
Address HOVENIERSSTRAAT
2-BUS 333
2018 ANTWERPEN
Date of establishment 30/06/2016
Telephone number 3232918914
Mobile number -
Fax number -
Liable for VAT Yes
VAT Number BE.0657.877.853
Check VAT number
Commentary
The business was
established over 19 months ago.
Newly established
businesses are proven to be more of an insolvency risk than more established
businesses.
No employees are recorded
for this business.
The business has been at
the address for over 11 months.
The business has changed
address 1 times in the last year.
There has been no
significant change in the business's credit limit.
Annual accounts
No key Financials
Registered
Payment
expectations
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Past payments |
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Payment expectation days |
-- |
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Industry average payment expectation days |
200.93 |
Industry average day sales
outstanding |
212.08 |
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Day sales outstanding |
-- |
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Court data summary
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BANKRUPTCY DETAILS |
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Court action type |
No |
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PROTESTED BILLS |
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Bill amount |
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NSSO DETAILS |
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Date of summons |
-- |
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Company information
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Business
Number |
657877853 |
Company
Name |
ORION DIAM BVBA |
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Fax Number |
- |
Date
Founded |
30/06/2016 |
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Company
Status |
active |
Company
Type |
Private Limited Liability Company |
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Currency |
Euro (€) |
Date
of Latest Accounts |
- |
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Activity
Code |
46761 |
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Activity
Description |
Wholesale of diamonds and other precious stones |
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Belgian
Bullettin of Acts Publications |
Moniteur Belge |
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Joint Industrial Committee (JIC)
Significant Events
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Event Date |
30/06/2016 |
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Event
Description |
Legal creation |
Company accounts
Annual Accounts
There is no data for this
company
Industry comparison |
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Activity code |
46761 |
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Activity description |
Wholesale of diamonds and other precious stones |
Payment expectations |
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Payment expectation days |
-- |
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Day sales outstanding |
-- |
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Industry comparison |
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Activity code |
46761 |
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Activity description |
Wholesale of diamonds and other precious stones |
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Industry average payment expectation days |
200.93 |
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Industry average day sales outstanding |
212.08 |
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Industry quartile
analysis |
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Payment
expectations |
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Company result |
-- |
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Lower |
131.18 |
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Median |
58.79 |
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Upper |
26.55 |
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Day sales
outstanding |
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Company result |
-- |
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Lower |
134.36 |
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Median |
82.06 |
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Upper |
44.92 |
Shareholder details
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
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
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Position |
Manager |
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Start Date |
30/06/2016 |
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Name |
Kalpit Shah |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.90 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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Euro |
1 |
INR 79.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.