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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

487199

Report Date :

20.01.2018

 

IDENTIFICATION DETAILS

 

Name :

SUPERSTONE  DIAM  BVBA

 

 

Registered Office :

Pelikaanstraat  62, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2015

 

 

Date of Incorporation :

22.05.2003

 

 

Com. Reg. No.:

480459905

 

 

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 

 

 

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 1.6% in 2017, unemployment stood at 7.5%, and the budget deficit was 2.1% 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 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 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 summary                        

 

Business  number

480459905

Branche  Unit  Number

2132298837

Company  name

SUPERSTONE  DIAM  BVBA

Address

PELIKAANSTRAAT  62

 

2018 ANTWERPEN

Date  of  establishment

22/05/2003

Telephone  number

3232320863

Mobile  number

32475630863

Fax  number

032320863

Liable  for  VAT

yes

VAT  Number

BE.0480.459.905  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  14  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  9700%  on  the  previous  trading  periodPre-tax  profits  decreased  by  35%  compared  to  the  previous  trading  period. The  business  saw  a  decrease  in  their  Cash  Balance  of  49%  during  the  latest  trading  period.

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2015

 

6,554

48,642

43,288

31/12/2014

 

10,207

42,088

36,141

31/12/2013

 

8,269

34,335

34,192

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2015

3,481,751

-

18,600

7,147

31/12/2014

2,985,090

-

18,600

8,448

31/12/2013

1,612,767

-

18,600

10,383

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

200.55

Industry  average  day  sales

211.46

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

480459905

Company  name

SUPERSTONE  DIAM  BVBA

Fax  number

032320863

Date  founded

22/05/2003

Company  status

active

Company  type

Private  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2015

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

-

Joint  Industrial  Committee  (JIC)

 

Significant  Events

 

Event  Date

29/03/2013

Event  Description

re-registered  as  subject  to  VAT  tax

Event  Details

 

Event  Date

22/05/2003

Event  Description

Legal  creation

Event  Details

 

Financials

 

Company  accounts

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-12-2015

%

31-12-2014

%

31-12-2013

%

31-12-2012

%

31-12-2011

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

5,355

-9.97

5,948

4053

143

-95.43

3,131

-50.71

6,352

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

1,355

-30.45

1,948

1260

143

-95.43

3,131

-50.71

6,352

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

1,080

-25.00

1,440

-

0

-

0

-100

474

Furniture  &  Vehicles

275

-45.91

508

254

143

-95.43

3,131

-46.74

5,878

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

4,000

0

4,000

-

0

-

0

-

0

Total  current  assets

3,476,396

16.69

2,979,143

84.74

1,612,624

5.10

1,534,389

241

449,277

Inventories

2,097,481

51.12

1,387,919

85.02

750,130

-7.09

807,341

506

133,109

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

2,097,481

51.12

1,387,919

85.02

750,130

-7.09

807,341

506

133,109

Trade  debtors

678,039

-29.17

957,267

94.86

491,265

189

169,951

-21.68

216,993

Other  amounts  receivable

564,424

54.88

364,424

142

150,162

22.88

122,203

76.71

69,153

Cash

136,453

-49.37

269,533

22.08

220,789

-49.23

434,894

1348

30,022

Miscellaneous  current  assets

0

-

0

-100

278

-

0

-

0

Total  Assets

3,481,751

16.64

2,985,090

85.09

1,612,767

4.89

1,537,520

237

455,629

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

48,642

15.57

42,088

22.58

34,335

42.74

24,054

17.55

20,463

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

30,042

27.90

23,488

49.28

15,735

188

5,454

192

1,863

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

3,433,109

16.65

2,943,002

86.45

1,578,432

4.29

1,513,466

247

435,166

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

-

0

-100

1,667

0

1,667

-

0

Trade  creditors

2,969,349

19.31

2,488,792

118

1,138,914

6.05

1,073,948

-

0

Amounts  Payable  for  Taxes,  Remuneration  &

18,457

19.91

15,392

-

0

-

0

-

0

Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

445,302

1.48

438,818

0.22

437,851

0

437,851

0.62

435,166

Total  current  liabilities

3,433,109

16.65

2,943,002

86.45

1,578,432

4.29

1,513,466

247

435,166

Total  Liabilities

3,481,751

16.64

2,985,090

85.09

1,612,767

4.89

1,537,520

237

455,629

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

13.47

-44.45

24.25

0.71

24.08

-44.18

43.14

1172

3.39

Return  on  total  assets  employed

0.19

-44.12

0.34

-33.33

0.51

-23.88

0.67

346

0.15

Return  on  net  assets  employed

13.47

-44.45

24.25

0.71

24.08

-44.18

43.14

1172

3.39

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.01

0

1.01

-0.98

1.02

0.99

1.01

-1.94

1.03

Liquidity  ratio  /  acid  ratio

0.40

-25.93

0.54

-1.82

0.55

14.58

0.48

-34.25

0.73

Current  debt  ratio

70.58

0.94

69.92

52.10

45.97

-26.94

62.92

195

21.27

Cashflow

7,147

-15.40

8,448

-18.63

10,383

45.88

7,117

925

694

Net  worth

48,642

15.57

42,088

22.58

34,335

42.74

24,054

17.55

20,463

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

4.86

-29.87

6.93

-

-

Equity  in  percentage

1.40

-0.71

1.41

-33.80

2.13

36.54

1.56

-65.26

4.49

Total  debt  ratio

70.58

0.94

69.92

52.10

45.97

-26.94

62.92

195

21.27

Working  capital

43,288

19.78

36,141

5.70

34,192

63.42

20,923

48.28

14,111

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

215,331

5104

4,137

113

-3,636

-126

13,741

84.61

-16,241

Operating  Charges

-

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

0

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

593

-14.63

695

-

-

-

3,526

-

-

Operating  result

213,577

9700

2,179

59.94

-3,636

-138

9,550

58.80

-16,241

Total  financial  income

164,912

124

73,489

110

34,949

1981

1,679

-90.27

17,256

Total  financial  expenses

371,935

468

65,461

184

23,044

2607

851

164

322

Results  on  ordinary  operations  before  taxation

6,554

-35.79

10,207

23.44

8,269

-20.32

10,378

1394

694

Extraordinary  Income

-

-

-

-

2,114

270

570

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

-

-

2,114

270

570

-

0

Results  for  the  Year  Before  Taxation

6,554

-35.79

10,207

-1.69

10,383

-5.16

10,948

1477

694

Taxation

-

-

2,453

-

-

-

7,357

-

-

Results  on  ordinary  operations  after  taxation

6,554

-15.47

7,753

-6.23

8,269

173

3,021

335

694

Net  result

6,554

-15.47

7,753

-25.32

10,383

189

3,591

417

694

Profit  (Loss)  for  the  Year  to  be  appropiated

6,554

-15.47

7,753

-25.32

10,383

189

3,591

417

694

Dividends

-

-

-

-

-

-

-

-

-

 

 

Payment  Information

 

Payment  Information  Summary

 

Total  number  of  Invoices  available

5

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

4

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

200.55

Industry  average  day  sales

211.46

 

Industry  quartile  analysis Payment  expectations

 

Company  result

-

Lower

129.55

Median

60.34

Upper

26.55

 

Day  sales  outstanding

 

Company  result

-

Lower

134.27

Median

82.06

Upper

45.45

 

 

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

Company  name

Date  of

number

 

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

-

406299346

DIAMFAB  BVBA

30/07/2006

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

 

 

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

06/03/2006

Date  of  birth

23/12/1973

Street

51 VAN  EYCKLEI  ANTWERPEN

Post  code

2018

Country

Belgium

Name

Yatish  Shah

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 63.72

UK Pound

1

INR 88.64

Euro

1

INR 78.14

Euro

1

INR 78.03

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

KET

                                                


 

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.