|
|
|
MIRA INFORM REPORT
|
Report No. : |
487216 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR DIAMONDS INTERNATIONAL SA |
|
|
|
|
Registered Office : |
9B, Bld du Prince Henri 1724 |
|
|
|
|
Country : |
Luxembourg |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
30.09.1984 |
|
|
|
|
Com. Reg. No.: |
Luxembourg B 48.916 |
|
|
|
|
Legal Form : |
Anonimous society |
|
|
|
|
Line of Business : |
Sale of
diamonds and jewellery. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRAs Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Luxembourg |
A1 |
A1 |
|
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 |
LUXEMBOURG - ECONOMIC OVERVIEW
This small, stable, high-income economy has historically featured solid growth, low inflation, and low unemployment. Luxembourg, the only Grand Duchy in the world, is a landlocked country in northwestern Europe surrounded by Belgium, France, and Germany. Despite its small landmass and small population, Luxembourg is the second-wealthiest country in the world when measured on a gross domestic product (PPP) per capita basis. Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position, with a 2017 surplus of 0.5% of GDP, and the lowest public debt level in the region.
Since 2002, Luxembourgs government has proactively implemented policies and programs to support economic diversification and to attract foreign direct investment. The government focused on key innovative industries that showed promise for supporting economic growth: logistics, information and communications technology (ICT); health technologies, including biotechnology and biomedical research; clean energy technologies, and more recently, space technology and financial services technologies. The economy has evolved and flourished, posting strong GDP growth of 3.4% in 2017, far outpacing the European average of 1.8%.
Luxembourg remains a financial powerhouse the financial sector accounts for more than 35% of GDP - because of the exponential growth of the investment fund sector through the launch and development of cross-border funds (UCITS) in the 1990s. Luxembourg is the worlds second-largest investment fund asset domicile, after the US, with $4 trillion of assets in custody in financial institutions.
Luxembourg has lost some of its advantage as a favorable tax location because of OECD and EU pressure, as well as the LuxLeaks scandal, which revealed advantageous tax treatments offered to foreign corporations. In 2015, the governments compliance with EU requirements to implement automatic exchange of tax information on savings accounts - thus ending banking secrecy - has constricted banking activity. Likewise, changes to the way EU members collect taxes from e-commerce has cut Luxembourgs sales tax revenues, requiring the government to raise additional levies and to reduce some direct social benefits as part of the tax reform package of 2017. The tax reform package also included reductions in the corporate tax rate and increases in deductions for families, both intended to increase purchasing power and increase competitiveness.
|
Source
: CIA |
Company
name
|
Company name |
Eurostar
Diamonds International SA |
Contact
information
|
Company name |
Eurostar
Diamonds International SA |
|
Trading name |
Eurostar Diamonds International |
|
Operative address |
9B, Bld du Prince Henri 1724 Luxembourg |
|
Correspondence address |
9B, Bld du Prince Henri 1724 Luxembourg |
|
Telephone number |
+352 26478915 |
|
Fax number |
+352 26478916 |
|
Email address |
|
|
Website |
www.eurostardiamonds.com |
Registration
|
Registration number |
Luxembourg B 48.916 |
|
Fiscla number |
1994/2211/905 |
|
VAT-number |
Unknown |
|
Status |
Active |
|
Establishment date |
30/09/1984 |
|
Legal form |
Anonimous society |
|
Subscribed share capital |
USD 197.175.371,79 |
Activities
|
Holding. Sale of
Diamonds and jewellery. |
Relations
|
Shareholders |
Unknown |
|
Structure |
Among subsidiaries
are: - Eurostar Overseas
SA, Luxembourg - Eurostar Diamond
Traders NV, Belgien - Bliss Diamonds
NV, Belgien - Conghua East
Unicorn Diamonds Co Ltd, China +many more |
|
Branches |
No branches on
record |
Management
|
Name /
Address / Status |
Participating
since |
|
Board of Administration |
|
|
Alphonse Mangen, born 17.06.1958, Wirtschaftsprüfer,
married 9088 Ettelbruck, 147, Rue de Warken |
18.06.2013 |
|
Kunal
Mehta, born 12.07.1981 Antwerpen, Belgium |
11.10.2006 |
|
Karin Reuter, born Bonert, born 11.04.1962 3332 Fentange, 5, Rue des Champs |
28.02.2006 |
|
Marleen
Vermeulen, born 07.10.1959 Antwerpen, Belgium |
28.02.2006 |
|
Kaushik
Kirtilal Mehta, born 29.06.1949 Antwerpen, Belgium |
|
|
Paresh
Kirtilal Mehta, born 13.06.1951 Mumbai, India |
|
Employees
|
Year |
2018 |
|
|
|
|
|
Company |
0 |
|
|
|
|
|
Group |
22.000 |
|
|
|
|
Bank
|
A bank connection
is not known. |
Payments
|
No Complaints |
Remarks
|
Commissioner: Dacas BVBA |
Finances
|
Balance sheet category |
small balance sheet |
small balance sheet |
|
Legal system |
HGB |
HGB |
|
Reporting period |
01.01.2015 - 31.12.2015 |
01.01.2014 - 31.12.2014 |
|
Assets |
in EUR |
in EUR |
|
Balance sheet total |
310.157.511,98 |
294.484.330,88 |
|
Shares in affiliated companies |
271.713.305,68 |
251.834.635,53 |
|
Loans to companies
in which a participaton is held |
14.040.343,01 |
12.682.342,62 |
|
Receivables from
companies in which a participation is held |
2.763.298,35 |
2.651.396,73 |
|
Other receivables |
21.278.197,46 |
27.308.173,62 |
|
Cheque, cash in hand
and in banks |
362.367,48 |
7.782,38 |
|
Liabilities |
in EUR |
in EUR |
|
Balance sheet total |
310.157.511,98 |
294.484.330,88 |
|
Subscribed capital,
credit balance, capital accounts |
180.415.465,19 |
162.965.444,78 |
|
Legal reserves |
4.085.475,00 |
3.029.122,50 |
|
Profit carried forward |
58.743.935,04 |
41.149.128,80 |
|
Net profit |
14.711.846,02 |
12.574.215,80 |
|
Liabilities towards affiliates |
51.817.989,28 |
74.235.192,35 |
|
Miscellaneous items |
295.478,63 |
266.899,55 |
|
Deferred items - liabilities - |
87.322,82 |
264.327,10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
|
Euro |
1 |
INR 78.91 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TRU |
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
SCs 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.