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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

484598

Report Date :

08.01.2018

 

IDENTIFICATION DETAILS

 

Name :

SPARKDIAM  BVBA  BVBA

 

 

Registered Office :

Hoveniersstraat 30-Bus 124, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

14.07.2010

 

 

Com. Reg. No.:

827960623

 

 

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 NAME

 

SPARKDIAM BVBA BVBA 

 

 

Company summary                        

 

Business  Number

827960623

Branche  Unit  Number

2190149538

Company  Name

SPARKDIAM  BVBA  BVBA

Address

HOVENIERSSTRAAT  30-BUS  124

 

2018 ANTWERPEN

Date  of  establishment

14/07/2010

Telephone  number

3232317837

Mobile  number

-

Fax  number

-

Liable  for  VAT

yes

VAT  Number

BE.0827.960.623  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  7  years  ago.

No  employees  are  recorded  for  this  business.

The  business  has  been  at  the  address  for  over  3  years.

Operating  Result  in  the  latest  trading  period  increased  293%  on  the  previous  trading  period.

Pre-tax  profits  increased  by  510%  compared  to  the  previous  trading  period.

 

 

Annual accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

232,994

2,612,141

2,429,534

31/12/2015

9,637,323

38,161

2,399,267

2,211,180

31/12/2014

 

80,699

2,361,132

2,174,329

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

3,953,657

-

2,100,000

227,404

31/12/2015

4,174,906

-

2,100,000

46,745

31/12/2014

9,568,077

-

2,100,000

85,844

 

 

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

827960623

Company  name

SPARKDIAM  BVBA  BVBA

Fax  number

-

Date  founded

14/07/2010

Company  status

active

Company  type

Private limited liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

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

-

Event  Date

15/12/2011

Event  Details

Toekenning  van  2080  nieuwe  aandelen  aan  Pansuria  Rahul.

 

 

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

182,607

-2.91

188,087

0.69

186,803

751

21,948

888

2,219

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

182,607

-2.91

188,087

0.69

186,803

751

21,948

888

2,219

Land  &  building

169,831

-3.23

175,492

-3.12

181,153

791

20,314

-

0

Plant  &  machinery

6,840

46.15

4,680

-11.11

5,265

-

0

-

0

Furniture  &  Vehicles

5,936

-25.00

7,914

1956

385

-76.44

1,634

-26.40

2,219

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

0

-

0

-

0

-

0

-

0

Total  current  assets

3,771,050

-5.41

3,986,820

-57.50

9,381,274

138

3,933,132

18.08

3,331,013

Inventories

1,439,722

-34.64

2,202,670

-39.21

3,623,304

108

1,734,355

1210

132,384

Raw  materials  &  consumables

0

-

0

-

0

-

0

-

0

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

0

-100

2,202,670

-

0

-

0

-

0

Other  stocks

1,439,722

-

0

-100

3,623,304

108

1,734,355

1210

132,384

Trade  debtors

2,312,452

31.43

1,759,498

-69.34

5,738,832

169

2,127,564

-33.30

3,189,582

Other  amounts  receivable

3,967

-40.14

6,627

142

2,732

39.43

1,960

-10.08

2,179

Cash

14,909

-15.92

17,733

8.09

16,406

-76.31

69,253

908

6,869

Miscellaneous  current  assets

0

-100

291

-

0

-

0

-

0

Total  Assets

3,953,657

-5.30

4,174,906

-56.37

9,568,077

141

3,955,080

18.66

3,333,232

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

2,612,141

8.87

2,399,267

1.62

2,361,132

3.43

2,282,783

3.36

2,208,673

Issued  share  capital

2,100,000

0

2,100,000

0

2,100,000

0

2,100,000

0

2,100,000

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

512,141

71.13

299,267

14.60

261,132

42.86

182,783

68.20

108,673

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

1,341,515

-24.45

1,775,639

-75.36

7,206,946

330

1,672,296

48.71

1,124,559

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

0

-

0

-

0

-

0

-

0

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-100

57

-

0

-

0

-

0

Trade  creditors

602,522

-43.05

1,057,968

-83.88

6,564,958

531

1,039,125

126

459,641

Amounts  Payable  for  Taxes,

32,174

163

12,221

6.33

11,493

687

1,460

-68.94

4,700

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

706,819

0.20

705,392

11.88

630,495

-0.19

631,711

-4.32

660,219

Total  current  liabilities

1,341,515

-24.45

1,775,639

-75.36

7,206,946

330

1,672,296

48.71

1,124,559

Total  Liabilities

3,953,657

-5.30

4,174,906

-56.37

9,568,077

141

3,955,080

18.66

3,333,232

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

0.40

-

-

-

-

-

1.80

Return  on  capital  employed

8.92

461

1.59

-53.51

3.42

3.32

3.31

-2.07

3.38

Return  on  total  assets  employed

5.89

547

0.91

8.33

0.84

-56.02

1.91

-14.73

2.24

Return  on  net  assets  employed

8.92

461

1.59

-53.51

3.42

3.32

3.31

-2.07

3.38

Sales  /  net  working  capital

-

-

4.36

-

-

-

-

-

1.88

Stock  turnover  ratio

-

-

22.86

-

-

-

-

-

3.19

Creditor  days

-

-

40.32

-

-

-

-

-

41.24

Debtor  days

-

-

66.64

-

-

-

-

-

280.38

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

2.81

24.89

2.25

73.08

1.30

-44.68

2.35

-20.61

2.96

Liquidity  ratio  /  acid  ratio

1.74

74.00

1.00

25.00

0.80

-38.93

1.31

-53.87

2.84

Current  debt  ratio

0.51

-31.08

0.74

-75.74

3.05

317

0.73

43.14

0.51

Cashflow

227,404

386

46,745

-45.55

85,844

13.17

75,850

1.05

75,062

Net  worth

2,612,141

8.87

2,399,267

1.62

2,361,132

3.43

2,282,783

3.36

2,208,673

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

0.00

-

-

-

-

-

-

Equity  in  percentage

66.07

14.96

57.47

132

24.68

-57.24

57.72

-12.89

66.26

Total  debt  ratio

0.51

-31.08

0.74

-75.74

3.05

317

0.73

43.14

0.51

Working  capital

2,429,534

9.88

2,211,180

1.69

2,174,329

-3.83

2,260,835

2.46

2,206,454

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

9,637,323

-

-

-

-

-

-

Turnover

-

-

9,637,323

-

-

-

-

-

4,152,220

Total  operating  expenses

-

-

9,576,610

-

-

-

-

-

4,067,648

Gross  Operating  Margin

255,953

-

-

-

125,770

47.95

85,007

-0.63

85,547

Operating  Charges

0

-100

9,576,610

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

-

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

8,530

-0.93

8,610

14.87

7,495

330

1,740

367

372

Operating  result

239,179

293

60,713

-46.81

114,144

39.01

82,109

-2.91

84,571

Total  financial  income

0

-83.56

1

-

-

-

-

-

-

Total  financial  expenses

6,185

-72.57

22,553

-32.57

33,445

411

6,539

-34.33

9,957

Results  on  ordinary  operations  before  taxation

232,994

510

38,161

-52.71

80,699

6.79

75,570

1.28

74,614

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

-

-

-

-

0

-

0

Results  for  the  Year  Before  Taxation

232,994

510

38,161

-52.71

80,699

6.79

75,570

1.28

74,614

Taxation

14,120

55512

25

-98.92

2,350

60.96

1,460

1929

-76

Results  on  ordinary  operations  after  taxation

218,874

473

38,135

-51.33

78,349

5.72

74,110

-0.78

74,690

Net  result

218,874

473

38,135

-51.33

78,349

5.72

74,110

-0.78

74,690

Profit  (Loss)  for  the  Year  to  be  appropiated

218,874

473

38,135

-51.33

78,349

5.72

74,110

-0.78

74,690

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

 

-

 

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

 

 

 

 

 

 

 

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

 

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

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

Rahul

Middle  name

 

-

Surname

Pansuria

 

 

 

SHAREHOLDER  DETAILS

 

 

 

 

Start  date

04/01/2012(estimated)

End  date

 

-

Percentage  owned

-

 

 

 

SHAREHOLDER  ADDRESS

 

 

 

 

Street  name

-

House  number

 

-

Postal  town

-

 

 

 

Post  code

-

Country

 

India

Companies  that  match  this  address

 

 

 

 

Business  number

Company  name

Rating

Limit

Date  of  accounts

560905666

IDEAL  IMPEX  BVBA

57

-

29/06/2016

 

 

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

16/01/2012

Street

28 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Name

Rahul  Pansuria

 

 

Former  director  details

Name

Kishor  Kakadia

Position

Manager

Start  Date

14/07/2010

End  Date

01/02/2014

Date  of  birth

28/05/1976

Street

24 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 63.38

UK Pound

1

INR 86.02

Euro

1

INR 76.50

Euro

1

INR 76.02

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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.