MIRA INFORM REPORT

 

 

Report No. :

495679

Report Date :

08.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ANDERS DIAMONDS BVBA

 

 

Registered Office :

Vekenstraat  3, 2560 Nijlen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

23.06.2010

 

 

Com. Reg. No.:

827040707

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Retail sale of watches and jewellery in specialised stores

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s 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

(30.09.2017)

Current Rating

(31.12.2017)

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. 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.

 

Source : CIA

 

 

COMPANY NAME

 

ANDERS DIAMONDS BVBA 

 

 

COMPANY SUMMARY                        

 

Business  number

827040707

Branche  Unit  Number

2189618216

Company  name

ANDERS DIAMONDS BVBA

Address

VEKENSTRAAT  3

2560 NIJLEN

Date  of  establishment

23/06/2010

Telephone  number

3232337117

Mobile  number

-

Fax  number

-

Liable  for  VAT

yes

VAT  Number

BE.0827.040.707  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 7 years.

Operating  Result  in  the  latest  trading  period  increased 48% on the previous trading period.

Net Worth increased  by  35%  during  the  latest  trading  period.

The business saw a decrease in their Cash Balance of 42% during the latest trading period.

 

 

ANNUAL ACCOUNTS

 

DATE  OF  LATEST 

ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

1,195,511

4,045,690

4,221,810

31/12/2015

 

1,140,579

2,982,895

3,207,420

31/12/2014

 

522,890

2,413,026

2,664,503

Accounts

 

 

 

 

DATE  OF  LATEST 

ACCOUNTS

BALANCE  TOTAL

NUMBER  OF 

EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

5,232,956

-

693,700

1,077,450

31/12/2015

4,661,196

-

693,700

576,917

31/12/2014

4,488,403

-

693,700

339,304

 

 

PAYMENT EXPECTATIONS

 

Past  payments

 

Payment expectation days

-

Industry average payment expectation days

88.81

Industry average day sales outstanding

37.32

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

827040707

Company  name

ANDERS DIAMONDS BVBA

Fax  number

-

Date  founded

23/06/2010

Company  status

active

Company  type

Private Limited Liability Company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

47770

Number  of  staff

-

Activity  description

Retail sale of watches and jewellery in specialised stores

 

 

Belgian  Bullettin  of  Acts

moniteur  belge Publications

 

 

 

 

 

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

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

19,381

289

4,975

-58.62

12,023

-8.82

13,186

-32.38

19,499

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

19,381

289

4,975

-58.62

12,023

-8.82

13,186

-32.38

19,499

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

9,514

5434

172

-75.68

707

-48.21

1,365

13.72

1,200

Furniture  &  Vehicles

9,867

105

4,803

-57.56

11,316

-4.27

11,821

-35.40

18,299

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

5,213,576

11.97

4,656,221

4.02

4,476,381

5.53

4,241,767

38.59

3,060,618

Inventories

921,642

50.45

612,586

208

198,708

-38.74

324,376

1.97

318,111

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

921,642

50.45

612,586

208

198,708

-38.74

324,376

1.97

318,111

Trade  debtors

3,266,548

24.00

2,634,302

2.90

2,560,057

-11.65

2,897,555

13.82

2,545,724

Other  amounts  receivable

260,126

229

79,031

171

29,103

7.32

27,118

-3.68

28,155

Cash

765,260

-42.47

1,330,302

-21.21

1,688,513

70.09

992,717

488

168,628

Miscellaneous  current  assets

0

-

0

-

0

-

0

-

0

Total  Assets

5,232,956

12.27

4,661,196

3.85

4,488,403

5.49

4,254,953

38.14

3,080,117

LIABILITIES

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

4,045,690

35.63

2,982,895

23.62

2,413,026

71.66

1,405,735

-0.77

1,416,629

Issued  share  capital

693,700

0

693,700

0

693,700

5494

12,400

0

12,400

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

3,351,990

46.43

2,289,195

33.14

1,719,326

23.40

1,393,335

-0.78

1,404,229

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

1,187,266

-29.26

1,678,301

-19.13

2,075,378

-27.16

2,849,218

71.28

1,663,488

Other  long  term  loans

195,500

-14.81

229,500

-12.90

263,500

-11.43

297,500

-

0

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

195,500

-14.81

229,500

-12.90

263,500

-11.43

297,500

-

0

Current  portion  of  long  term  debt

34,000

0

34,000

0

34,000

0

34,000

-

0

Financial  debts

0

-

0

-100

262

-

0

-

0

Trade  creditors

359,496

-35.06

553,553

-19.44

687,144

-34.94

1,056,125

-18.62

1,297,728

Amounts  Payable  for  Taxes, Remuneration  &  Social  Security

132,709

-69.53

435,605

-23.18

567,034

29.18

438,941

36.72

321,040

Miscellaneous  current  liabilities

465,561

9.38

425,643

-18.68

523,437

-48.82

1,022,652

2186

44,719

Total  current  liabilities

991,766

-31.55

1,448,801

-20.04

1,811,878

-28.99

2,551,718

53.40

1,663,488

Total  Liabilities

5,232,956

12.27

4,661,196

3.85

4,488,403

5.49

4,254,953

38.14

3,080,117

 

 

 

 

 

 

 

 

 

 

 

RATIO ANALYSIS

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

28.19

-20.61

35.51

81.73

19.54

-70.00

65.13

-4.84

68.44

Return  on  total  assets  employed

22.85

-6.62

24.47

110

11.65

-55.31

26.07

-17.19

31.48

Return  on  net  assets  employed

29.55

-22.72

38.24

76.47

21.67

-72.54

78.92

15.31

68.44

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

5.26

63.86

3.21

29.96

2.47

48.80

1.66

-9.78

1.84

Liquidity  ratio  /  acid  ratio

4.33

55.20

2.79

18.22

2.36

53.25

1.54

-6.67

1.65

Current  debt  ratio

0.25

-48.98

0.49

-34.67

0.75

-58.79

1.82

55.56

1.17

Cashflow

1,077,450

86.76

576,917

70.03

339,304

-55.13

756,174

15.20

656,376

Net  worth

4,045,690

35.63

2,982,895

23.62

2,413,026

71.66

1,405,735

-0.77

1,416,629

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

5.67

-35.79

8.83

-28.44

12.34

-47.67

23.58

-

-

Equity  in  percentage

77.31

20.82

63.99

19.03

53.76

62.71

33.04

-28.16

45.99

Total  debt  ratio

0.29

-48.21

0.56

-34.88

0.86

-57.64

2.03

73.50

1.17

Working  capital

4,221,810

31.63

3,207,420

20.38

2,664,503

57.66

1,690,050

20.97

1,397,130

 

 

PROFIT & LOSS

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

1,147,258

47.69

776,801

129

338,981

-72.99

1,254,847

18.43

1,059,544

Operating  Charges

0

-

-

-

-

-

-

-

-

Employee  costs

-

-

-

-

-

-

-

-

-

Wages  and  salary

-

-

-

-

-

-

-

-

-

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

-

-

-

-

-

-

-

Other  employee  costs

-

-

-

-

-

-

0

-

0

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

14,655

107

7,048

-47.06

13,313

32.23

10,068

9.03

9,234

Operating  result

1,102,696

48.18

744,146

149

297,697

-75.52

1,216,117

16.18

1,046,747

Total  financial  income

177,530

-76.01

740,119

132

318,055

135

135,051

-33.68

203,641

Total  financial  expenses

84,714

-75.35

343,686

270

92,862

-61.60

241,820

-13.87

280,777

Results  on  ordinary  operations  before taxation

1,195,511

4.82

1,140,579

118

522,890

-52.87

1,109,349

14.41

969,610

Extraordinary  Income

-

-

4,062

-41.21

6,910

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

1,427

Extraordinary  items

-

-

4,062

-41.21

6,910

-

0

0

-1,427

Results  for  the  Year  Before  Taxation

1,195,511

4.44

1,144,641

116

529,799

-52.24

1,109,349

14.58

968,183

Taxation

132,716

-76.91

574,772

182

203,809

-43.89

363,243

13.15

321,041

Results  on  ordinary  operations  after taxation

1,062,795

87.84

565,807

77.32

319,081

-57.23

746,106

15.04

648,569

Net  result

1,062,795

86.50

569,870

74.81

325,990

-56.31

746,106

15.29

647,142

Profit  (Loss)  for  the  Year  to  be  appropiated

1,062,795

86.50

569,870

74.81

325,990

-56.31

746,106

15.29

647,142

Dividends

-

-

-

-

-

-

757,000

-

-

 

 

 

 

Industry comparison

 

Activity  code

47770

Activity  description

Retail sale of watches and jewellery in specialised stores

industry  average  credit rating

68.19

Industry  average  credit  limit

4973.15

 

 

Payment Information

 

Suspension  of  payments /  moratorium  history

Amount

-

Details

-

Payment  expectations

Payment  expectation  days

-

Day  sales  outstanding

-

Industry  comparison

Activity  code

47770

Activity  description

Retail sale of watches and jewellery in specialised stores

Industry  average  payment expectation  days

88.81

Industry  average  day  sales outstanding

37.32

 

 

INDUSTRY QUARTILE ANALYSIS

 

Payment expectations

 

Company  result

-

Lower

104.33

Median

41.47

Upper

15.23

 

 

Day sales outstanding

 

Company  result

-

Lower

25.26

Median

8.60

Upper

2.91

 

 

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  number

Company  name

Date  of  accounts

854647006

OBBELS,  RENÉ

-

 

 

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

23/06/2010

Date  of  birth

21/10/1947

Street

3 VEKENSTRAAT  NIJLEN

Post  code

2560

Country

Belgium

Name

René  Obbels

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.96

UK Pound

1

INR 90.34

Euro

1

INR 80.75

EUR

1

INR 80.52

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.