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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

507623

Report Date :

08.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KRIS  DIAMONDS  BVBA

 

 

Registered Office :

Pelikaanstraat  62, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

08.02.1989

 

 

Com. Reg. No.:

436745864

 

 

Legal Form :

Single-person  limited  liability company

 

 

Line of Business :

Wholesale  of  diamonds  and other  precious  stones

 

 

No. of Employees :

2

 

 

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 :

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

(30.09.2017)

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 summary                        

 

Business  number

436745864

Branche  Unit  Number

2044420005

Company  name

KRIS  DIAMONDS  EBVBA

Address

PELIKAANSTRAAT  62

 

2018 ANTWERPEN

Date  of  establishment

08/02/1989

Telephone  number

3232338638

Mobile  number

-

Fax  number

032338615

Liable  for  VAT

yes

VAT  Number

BE.0436.745.864  Check  VAT  number

 

Commentary

 

The  business  was  established  over  29  years  ago.

The  business  has  2  employees.

The  business  has  been  at  the  address  for  over  29  years.

trading  period  increased  75%  on  the  previous  trading  period.

Net  Worth  increased  by  76%  during  the  latest  trading  period.

A  23%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

Pre-tax  profits  increased  by  1545%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  182%  during  the  latest  trading  period.

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/03/2017

 

125,333

276,299

270,320

31/03/2016

 

7,618

156,359

172,772

31/03/2015

 

8,511

154,931

226,745

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/03/2017

1,069,294

2

18,592

122,187

31/03/2016

868,651

2

18,592

7,141

31/03/2015

710,562

2

18,592

16,103

 

Payment  expectations

 

Past  payments

 

Payment  expectation  days

-

Industry  average  payment

202.54

Industry  average  day  sales

211.72

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

436745864

Company  name

KRIS  DIAMONDS  EBVBA

Fax  number

032338615

Date  founded

08/02/1989

Company  status

active

Company  type

Single-person  limited  liability company

Currency

Euro  (€)

Date  of  latest  accounts

31/03/2017

Activity  code

46761

Number  of  staff

2

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)

 

JIC  Code

218

Description

Additional  national  joint  committee  for  the  employees

category

 

 

 

 

 

Financials

 

Company  accounts

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

31-03-2017

%

31-03-2016

%

31-03-2015

%

31-03-2014

%

31-03-2013

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

7,381

14.03

6,473

-46.88

12,186

-37.35

19,450

-33.19

29,111

Intangible  fixed  assets

1,402

-

0

-

0

-

0

-

0

Tangible  fixed  assets

0

-100

494

-92.04

6,207

-53.92

13,471

-41.76

23,132

Land  &  building

0

-

0

-

0

-

0

-

0

Plant  &  machinery

0

-100

494

-50.00

988

-63.71

2,723

-53.35

5,837

Furniture  &  Vehicles

0

-

0

-100

1,386

-55.05

3,083

-35.50

4,780

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-100

3,833

-50.00

7,665

-38.75

12,515

Financial  fixed  assets

5,979

0

5,979

0

5,979

0

5,979

0

5,979

Total  current  assets

1,061,912

23.17

862,178

23.45

698,376

-15.59

827,408

-7.36

893,112

Inventories

691,505

223

214,042

-26.95

293,006

8.28

270,592

-24.08

356,423

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

691,505

223

214,042

-26.95

293,006

8.28

270,592

-24.08

356,423

Trade  debtors

224,639

-58.43

540,339

120

244,868

5.52

232,054

-41.13

394,179

Other  amounts  receivable

94,089

6.61

88,255

6.53

82,848

140

34,465

-

0

Cash

48,651

182

17,205

-75.70

70,795

-66.45

210,993

208

68,499

Miscellaneous  current  assets

3,029

29.63

2,337

-65.94

6,859

-26.27

9,304

131

4,011

Total  Assets

1,069,294

23.10

868,651

22.25

710,562

-16.09

846,858

-8.17

922,223

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

277,701

77.60

156,359

0.92

154,931

4.98

147,575

4.10

141,759

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

259,109

88.08

137,767

1.05

136,339

5.70

128,983

4.72

123,167

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

791,592

11.13

712,292

28.20

555,631

-20.54

699,283

-10.40

780,464

Other  long  term  loans

0

-

0

-

0

-

0

-

0

Other  long  term  liabilities

0

-100

22,886

-72.75

84,000

-16.83

101,000

33.13

75,867

Total  long  term  debts

0

-100

22,886

-72.75

84,000

-16.83

101,000

33.13

75,867

Current  portion  of  long  term  debt

0

-

0

-

0

-

0

-

0

Financial  debts

0

-

0

-

0

-

0

-100

65,384

Trade  creditors

695,784

8.33

642,310

45.46

441,569

-16.99

531,924

-13.42

614,381

Amounts  Payable  for  Taxes,  Remuneration  &

95,808

103

47,096

56.66

30,062

-11.86

34,109

37.36

24,831

Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

0

-

0

-

0

-100

32,250

-

0

Total  current  liabilities

791,592

14.82

689,405

46.17

471,631

-21.17

598,283

-15.09

704,597

Total  Liabilities

1,069,294

23.10

868,651

22.25

710,562

-16.09

846,858

-8.17

922,223

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

45.13

961

4.25

19.38

3.56

-82.94

20.87

60.83

-34.31

Return  on  total  assets  employed

11.72

1231

0.88

-26.67

1.20

-80.42

6.13

75.68

-8.10

Return  on  net  assets  employed

45.13

826

4.87

-11.29

5.49

-84.38

35.15

66.74

-52.67

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.34

7.20

1.25

-15.54

1.48

7.25

1.38

8.66

1.27

Liquidity  ratio  /  acid  ratio

0.47

-50.0

0.94

9.30

0.86

-7.53

0.93

22.37

0.76

Current  debt  ratio

2.85

-35.37

4.41

45.07

3.04

-24.94

4.05

-18.51

4.97

Cashflow

122,187

1611

7,141

-55.65

16,103

-72.46

58,477

168

-34,729

Net  worth

276,299

76.71

156,359

0.92

154,931

4.98

147,575

4.10

141,759

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-

-

-

-

-

-

-

-

46.12

Equity  in  percentage

26.00

44.44

18.00

-17.43

21.80

25.07

17.43

13.40

15.37

Total  debt  ratio

2.85

-37.50

4.56

27.02

3.59

-24.26

4.74

-13.97

5.51

Working  capital

270,320

56.46

172,772

-23.80

226,745

-1.04

229,125

21.54

188,515

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

247,724

39.94

177,024

0.82

175,584

-4.37

183,614

132

78,863

Operating  Charges

0

-

-

-

-

-

-

-

-

Employee  costs

95,583

15.32

82,883

-26.00

111,998

7.10

104,577

18.14

88,516

Wages  and  salary

-

-

63,129

-26.76

86,193

8.43

79,493

17.37

67,729

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

14,918

-19.42

18,514

1.86

18,177

13.36

16,035

Other  employee  costs

95,583

1876

4,836

-33.67

7,291

5.55

6,908

45.36

4,752

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

845

-85.22

5,713

-34.69

8,746

-9.47

9,661

-65.40

27,921

Operating  result

147,348

75.34

84,035

67.55

50,157

-3.36

51,899

131

-39,431

Total  financial  income

52,030

320

12,360

110

5,882

-89.75

57,364

4.50

54,895

Total  financial  expenses

74,045

-16.59

88,777

86.79

47,527

-17.19

57,393

-36.32

90,132

Results  on  ordinary  operations  before  taxation

125,333

1545

7,618

-10.49

8,511

-83.59

51,870

69.47

-74,668

Extraordinary  Income

-

-

-

-

5,502

-

-

-

12,397

Extraordinary  Charges

-

-

-

-

-

-

-

-

860

Extraordinary  items

-

-

-

-

5,502

-

0

-100

11,537

Results  for  the  Year  Before  Taxation

125,333

1545

7,618

-45.64

14,014

-72.98

51,870

82.16

-63,131

Taxation

3,991

-35.52

6,190

-7.02

6,657

117

3,055

635

-481

Results  on  ordinary  operations  after  taxation

121,342

8395

1,428

-22.95

1,854

-96.20

48,816

65.80

-74,187

Net  result

121,342

8395

1,428

-80.58

7,356

-84.93

48,816

77.92

-62,650

Profit  (Loss)  for  the  Year  to  be  appropiated

121,342

8395

1,428

-80.58

7,356

-84.93

48,816

77.92

-62,650

Dividends

-

-

-

-

-

-

43,000

-

-

 

 

Social  Balance  Sheet  Details 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  31-03-2017

 

Full-time  Employees

1

Part-time  Employees

2

Total  Fte  Employees

2

Number  of  hours  worked

 

Full-time  Employees

175

Part-time  Employees

2,514

Total

2,689

Personnel  Charges

 

Full-time  Employees

-

Part-time  Employees

-

Total

95,583

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

2

Actual  working  hours

3,055

Personnel  Charges

82,883

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

-

2

1

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

2

1

Higher  education  (non university)

-

-

-

Higher  education (university)

-

-

-

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

-

2

1

Blue  collar  worker

-

-

-

Other

-

-

-

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

1

-

1

 

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

industry  average  credit

69.58

 

 

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

202.54

Industry  average  day  sales outstanding

211.72

 

Company  result

-

Lower

132.04

Median

58.79

Upper

25.65

 

Day  sales  outstanding

 

Company  result

-

Lower

136.36

Median

81.74

Upper

44.49

 

 

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

Jozef

Middle  name

-

Surname

Geysen

 

 

 

SHAREHOLDER  DETAILS

 

 

Start  date

08/04/1997(estimated)

End  date

-

Percentage  owned

100%

 

 

 

SHAREHOLDER  ADDRESS

 

 

Street  name

Vismarkt

House  number

1

Postal  town

Lier

 

 

Post  code

2500

Country

Belgium

 

 

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

23/02/1989

Street

1 Vismarkt  Lier

Post  code

2500

Country

Belgium

Name

Jozef  Geysen

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.77

UK Pound

1

INR 90.58

Euro

1

INR 79.97

BDT

1

INR 0.79

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.