|
|
|
MIRA INFORM REPORT
|
Report No. : |
489347 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEJ-DIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 2-Bus 542, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
20.10.1995 |
|
|
|
|
Com. Reg. No.: |
456247418 |
|
|
|
|
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)
|
MIRAs Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
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
Belgiums 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.
Belgiums 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 Belgiums 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
TEJ-DIAM
BVBA - 456247418
Company summary
|
Business number |
456247418 |
|
Branche Unit Number |
2073733306 |
|
Company name |
TEJ-DIAM BVBA |
|
Address |
HOVENIERSSTRAAT 2-BUS 542 |
|
|
2018 ANTWERPEN |
|
Date of establishment |
20/10/1995 |
|
Telephone number |
3232275425 |
|
Mobile number |
- |
|
Fax number |
- |
|
Liable for VAT |
yes |
|
VAT Number |
BE.0456.247.418 Check VAT number |
Commentary
The business was established
over 22 years ago.
No employees are recorded
for this business.
The business has been at
the address for over 12 years.
Operating Result in the
latest trading period decreased 22% on
the previous trading period.
Pre-tax profits decreased by
40% compared to the previous trading
period.
The business saw an
increase in their Cash Balance of
1011% during the latest trading period.
Working Capital is a
negative amount during the latest trading
period.
Annual
accounts
|
DATE
OF LATEST ACCOUNTS |
TURNOVER |
PROFIT
BEFORE TAX |
NET
WORTH |
WORKING
CAPITAL |
|
30/06/2016 |
6,495,427 |
1,162 |
55,946 |
-32,714 |
|
30/06/2015 |
5,609,828 |
1,947 |
54,565 |
-25,500 |
|
30/06/2014 |
4,570,357 |
2,944 |
53,087 |
-15,939 |
|
|
|
|
|
|
|
ACCOUNTS |
|
|
|
|
|
DATE
OF LATEST ACCOUNTS |
BALANCE
TOTAL |
NUMBER
OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
30/06/2016 |
6,482,672 |
- |
18,592 |
3,141 |
|
30/06/2015 |
6,206,050 |
- |
18,592 |
3,238 |
|
30/06/2014 |
4,756,032 |
- |
18,592 |
3,609 |
Payment
expectations
|
Past payments |
|
Payment expectation days |
339.17 |
|
Industry average payment |
199.36 |
Industry average day sales |
202.90 |
|
expectation days |
|
outstanding |
|
|
Day sales outstanding |
91.98 |
|
|
Court
data summary
BANKRUPTCY
DETAILS
|
Court action type |
no |
PROTESTED BILLS
|
Bill amount |
- |
NSSO DETAILS
|
Date of summons |
- |
Company
information
|
Business number |
456247418 |
Company name |
TEJ-DIAM BVBA |
|
Fax number |
- |
Date founded |
20/10/1995 |
|
Company status |
active |
Company type |
Private Limited Liability Company |
|
Currency |
Euro () |
Date of latest accounts |
30/06/2016 |
|
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 |
- |
|
Joint Industrial Committee (JIC) |
|
Company
accounts
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Annual
accounts |
30-06-2016 |
% |
30-06-2015 |
% |
30-06-2014 |
% |
30-06-2013 |
% |
30-06-2012 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
97,592 |
-1.77 |
99,351 |
-0.85 |
100,201 |
-1.16 |
101,375 |
-0.89 |
102,282 |
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Tangible fixed assets |
97,342 |
-1.78 |
99,101 |
-1.10 |
100,201 |
-1.16 |
101,375 |
-0.89 |
102,282 |
|
Land & building |
93,929 |
0 |
93,929 |
0 |
93,929 |
0 |
93,929 |
0 |
93,929 |
|
Plant & machinery |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Furniture & Vehicles |
220 |
-78.59 |
1,028 |
-12.55 |
1,175 |
-46.12 |
2,181 |
-22.66 |
2,820 |
|
Leasing & Other Similar
Rights |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other tangible assets |
3,192 |
-22.97 |
4,144 |
-18.68 |
5,096 |
-3.19 |
5,264 |
-4.84 |
5,532 |
|
Financial fixed assets |
250 |
0 |
250 |
- |
0 |
- |
0 |
- |
0 |
|
Total current assets |
6,385,081 |
4.56 |
6,106,698 |
31.16 |
4,655,831 |
6.27 |
4,381,210 |
75.30 |
2,499,226 |
|
Inventories |
4,636,872 |
-10.01 |
5,152,787 |
45.23 |
3,547,931 |
-0.97 |
3,582,513 |
89.91 |
1,886,384 |
|
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 |
4,636,872 |
-10.01 |
5,152,787 |
45.23 |
3,547,931 |
-0.97 |
3,582,513 |
89.91 |
1,886,384 |
|
Trade debtors |
1,636,911 |
73.93 |
941,150 |
-13.70 |
1,090,594 |
63.63 |
666,513 |
15.54 |
576,888 |
|
Other amounts receivable |
5,815 |
77.74 |
3,272 |
- |
0 |
-100 |
1,369 |
-45.33 |
2,505 |
|
Cash |
105,482 |
1011 |
9,489 |
-45.17 |
17,307 |
-86.77 |
130,815 |
291 |
33,450 |
|
Miscellaneous current assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Assets |
6,482,672 |
4.46 |
6,206,050 |
30.49 |
4,756,032 |
6.10 |
4,482,585 |
72.31 |
2,601,508 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
Total shareholders equity |
55,946 |
2.53 |
54,565 |
2.78 |
53,087 |
4.81 |
50,651 |
8.28 |
46,778 |
|
Issued share capital |
18,592 |
0 |
18,592 |
0 |
18,592 |
0 |
18,592 |
0 |
18,592 |
|
Share premium account |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Revaluation reserve |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Reserves |
37,354 |
3.84 |
35,973 |
4.28 |
34,495 |
7.60 |
32,059 |
13.74 |
28,186 |
|
Provisions for Liabilities
& Charges |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Deffered taxes |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Creditors |
6,426,726 |
4.47 |
6,151,485 |
30.80 |
4,702,945 |
6.11 |
4,431,934 |
73.48 |
2,554,730 |
|
Other long term loans |
8,931 |
-53.69 |
19,286 |
-38.13 |
31,174 |
-22.05 |
39,994 |
-18.18 |
48,880 |
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total long term debts |
8,931 |
-53.69 |
19,286 |
-38.13 |
31,174 |
-22.05 |
39,994 |
-18.18 |
48,880 |
|
Current portion of long
term debt |
10,356 |
3.84 |
9,973 |
11.97 |
8,906 |
-4.66 |
9,342 |
-2.55 |
9,586 |
|
Financial debts |
0 |
- |
0 |
- |
0 |
-100 |
100,698 |
620 |
13,968 |
|
Trade creditors |
6,028,088 |
4.45 |
5,771,480 |
33.86 |
4,311,623 |
10.00 |
3,919,711 |
85.71 |
2,110,672 |
|
Amounts Payable for Taxes, |
2,781 |
-7.31 |
3,000 |
-68.80 |
9,615 |
206 |
3,140 |
-16.27 |
3,750 |
|
Remuneration & Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous current liabilities |
376,571 |
8.29 |
347,746 |
1.79 |
341,627 |
-4.85 |
359,048 |
-2.40 |
367,874 |
|
Total current liabilities |
6,417,795 |
4.66 |
6,132,199 |
31.26 |
4,671,771 |
6.37 |
4,391,940 |
75.27 |
2,505,850 |
|
Total Liabilities |
6,482,672 |
4.46 |
6,206,050 |
30.49 |
4,756,032 |
6.10 |
4,482,585 |
72.31 |
2,601,508 |
|
|
|
|
|
|
|
|
|
|
|
|
RATIO
ANALYSIS |
|||||||||
|
TRADING
PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
0.02 |
-33.33 |
0.03 |
-50.0 |
0.06 |
7.89 |
-0.76 |
-500 |
0.19 |
|
Return on capital employed |
1.79 |
-32.20 |
2.64 |
-24.36 |
3.49 |
17.28 |
-20.20 |
-437 |
5.99 |
|
Return on total assets employed |
0.02 |
-33.33 |
0.03 |
-50.0 |
0.06 |
14.63 |
-0.41 |
-286 |
0.22 |
|
Return on net assets employed |
2.08 |
-41.74 |
3.57 |
-35.68 |
5.55 |
15.35 |
-36.16 |
-395 |
12.25 |
|
Sales / net working capital |
-198.55 |
90.25 |
-219.99 |
76.72 |
-286.73 |
-27.02 |
-225.73 |
49.89 |
-452.48 |
|
Stock turnover ratio |
71.39 |
-22.28 |
91.85 |
18.32 |
77.63 |
-47.52 |
147.92 |
135 |
62.94 |
|
Creditor days |
339.17 |
-9.85 |
376.23 |
8.92 |
345.41 |
-41.38 |
589.27 |
127 |
258.67 |
|
Debtor days |
91.98 |
50.20 |
61.24 |
-29.69 |
87.10 |
-13.29 |
100.45 |
42.99 |
70.25 |
|
SHORT
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
0.99 |
-1.00 |
1.00 |
0 |
1.00 |
0 |
1.00 |
0 |
1.00 |
|
Liquidity ratio / acid ratio |
0.27 |
68.75 |
0.16 |
-33.33 |
0.24 |
33.33 |
0.18 |
-25.00 |
0.24 |
|
Current debt ratio |
114.71 |
2.07 |
112.38 |
27.70 |
88.00 |
1.49 |
86.71 |
61.86 |
53.57 |
|
Cashflow |
3,141 |
-2.97 |
3,238 |
-10.30 |
3,609 |
-22.89 |
4,681 |
-14.53 |
5,476 |
|
Net worth |
55,946 |
2.53 |
54,565 |
2.78 |
53,087 |
4.81 |
50,651 |
8.28 |
46,778 |
|
LONG
TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
34.47 |
-35.71 |
53.62 |
-28.98 |
75.50 |
-74.51 |
296.21 |
91.29 |
154.85 |
|
Equity in percentage |
0.86 |
-2.27 |
0.88 |
-21.43 |
1.12 |
-0.88 |
1.13 |
-37.22 |
1.80 |
|
Total debt ratio |
114.87 |
1.89 |
112.74 |
27.26 |
88.59 |
1.25 |
87.50 |
60.23 |
54.61 |
|
Working capital |
-32,714 |
-28.29 |
-25,500 |
-59.98 |
-15,939 |
-48.56 |
-10,729 |
-61.98 |
-6,624 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
& LOSS |
|||||||||
|
Operating Income |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Turnover |
6,495,427 |
15.79 |
5,609,828 |
22.74 |
4,570,357 |
88.71 |
2,421,889 |
-19.19 |
2,997,166 |
|
Total operating expenses |
6,487,167 |
15.86 |
5,599,199 |
22.89 |
4,556,099 |
87.66 |
2,427,899 |
-18.48 |
2,978,323 |
|
Gross Operating Margin |
11,776 |
-28.51 |
16,471 |
-5.10 |
17,355 |
173 |
6,351 |
-92.39 |
83,453 |
|
Operating Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages and salary |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security contributions |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other employee costs |
- |
- |
- |
- |
- |
- |
0 |
- |
0 |
|
Director remuneration |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Amortization and depreciation |
1,760 |
0.00 |
1,760 |
49.91 |
1,174 |
45.43 |
807 |
-19.09 |
998 |
|
Operating result |
8,260 |
-22.29 |
10,629 |
-25.45 |
14,258 |
237 |
-6,011 |
-131 |
18,842 |
|
Total financial income |
17 |
-16.46 |
21 |
3010 |
1 |
- |
- |
- |
0 |
|
Total financial expenses |
7,115 |
-18.24 |
8,703 |
-23.08 |
11,314 |
-8.04 |
12,304 |
-6.18 |
13,114 |
|
Results on ordinary operations
before |
1,162 |
-40.31 |
1,947 |
-33.86 |
2,944 |
16.08 |
-18,315 |
-419 |
5,729 |
|
taxation |
|
|
|
|
|
|
|
|
|
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
21,874 |
- |
- |
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Extraordinary items |
- |
- |
- |
- |
- |
- |
21,874 |
- |
0 |
|
Results for the Year
Before Taxation |
1,162 |
-40.31 |
1,947 |
-33.86 |
2,944 |
-17.28 |
3,560 |
-37.86 |
5,729 |
|
Taxation |
-219 |
-146 |
470 |
-7.73 |
509 |
162 |
-314 |
-125 |
1,250 |
|
Results on ordinary operations
after |
1,382 |
-6.50 |
1,478 |
-39.33 |
2,436 |
13.53 |
-18,001 |
-501 |
4,479 |
|
taxation |
|
|
|
|
|
|
|
|
|
|
Net result |
1,382 |
-6.50 |
1,478 |
-39.33 |
2,436 |
-37.12 |
3,873 |
-13.51 |
4,479 |
|
Profit (Loss) for the
Year to be appropiated |
1,382 |
-6.50 |
1,478 |
-39.33 |
2,436 |
-37.12 |
3,873 |
-13.51 |
4,479 |
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 |
339.17 |
|
Day sales outstanding |
91.98 |
|
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 |
339.17 |
|
Lower |
124.54 |
|
Median |
58.30 |
|
Upper |
26.65 |
|
Day
sales outstanding |
|
|
Company result |
91.98 |
|
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
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 |
Principal Manager |
|
Start
Date |
17/12/2010 |
|
Street |
50 BELGIĖLEI ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
Name |
MUKESH SHAH |
|
Position |
Non Statutory Partner |
|
Start
Date |
20/10/1995 |
|
Street |
50 BELGIĖLEI ANTWERPEN |
|
Post
code |
2018 |
|
Country |
Belgium |
|
Name |
TANIA OOMS |
|
Position |
Principal Manager |
|
Start
Date |
03/11/1997 |
|
Street |
137 MOESHOFSTRAAT ANTWERPEN |
|
Post
code |
2170 |
|
Country |
Belgium |
FORMER DIRECTOR DETAILS
|
Name |
TANIA OOMS |
|
Position |
Non Statutory Partner |
|
Start
Date |
20/10/1995 |
|
End
Date |
12/06/1997 |
|
Street |
137 MOESHOFSTRAAT ANTWERPEN |
|
Post
code |
2170 |
|
Country |
Belgium |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 85.83 |
|
Euro |
1 |
INR 76.51 |
|
Euro |
1 |
INR 79.23 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
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.