MIRA INFORM REPORT

 

 

Report No. :

508162

Report Date :

10.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MALOUS  DIAMONDS  BVBA

 

 

Registered Office :

Hoveniersstraat  2-Bus  412, 2018 Antwerpen

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

31.01.1996

 

 

Com. Reg. No.:

457087061

 

 

Legal Form :

Private  limited  liability company

 

 

Line of Business :

Wholesale  of  diamonds  and other  precious  stones

 

 

No. of Employees :

1

 

 

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 name

 

MALOUS  DIAMONDS  BVBA 

 

 

Company  summary                       

 

Business  number

457087061

Branche  Unit  Number

2075193353

Company  name

MALOUS  DIAMONDS  BVBA

Address

HOVENIERSSTRAAT  2-BUS  412

 

2018 ANTWERPEN

Date  of  establishment

31/01/1996

Telephone  number

3232260294

Mobile  number

-

Fax  number

032251618

Liable  for  VAT

yes

VAT  Number

BE.0457.087.061  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  22  years  ago. The  business  has  1  employees.

The  business  has  been  at  the  address  for  over  22  months.

Net  Worth  increased  by  61%  during  the  latest  trading  period.

A  101%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

Pre-tax  profits  increased  by  2156%  compared  to  the  previous  trading  period.

The  business  saw  an  increase  in  their  Cash  Balance  of  117%  during  the  latest  trading  period.

 

 

Annual  accounts

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

31/12/2016

 

837,018

2,075,891

2,174,026

30/09/2015

 

37,098

1,286,619

1,380,800

30/09/2014

 

27,039

1,260,661

1,346,253

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

31/12/2016

6,247,633

1

222,205

796,480

30/09/2015

3,103,832

1

222,205

34,300

30/09/2014

3,562,702

1

222,205

30,467

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

457087061

Company  name

MALOUS  DIAMONDS  BVBA

Fax  number

032251618

Date  founded

31/01/1996

Company  status

active

Company  type

Private  limited  liability

 

 

 

company

Currency

Euro  (€)

Date  of  latest  accounts

31/12/2016

Activity  code

46761

Number  of  staff

1

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

31-12-2016

%

30-09-2015

%

30-09-2014

%

30-09-2013

%

30-09-2012

Weeks

65

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

81,865

-4.61

85,820

-9.10

94,408

-7.70

102,283

-7.70

110,820

Intangible  fixed  assets

0

-

0

-

0

-

0

-

0

Tangible  fixed  assets

80,381

-5.86

85,386

-8.90

93,727

-7.75

101,602

-7.75

110,142

Land  &  building

80,091

-4.19

83,592

-7.27

90,143

-7.37

97,313

-6.89

104,509

Plant  &  machinery

145

-90.78

1,576

-52.15

3,294

-21.98

4,222

-20.91

5,338

Furniture  &  Vehicles

145

-33.34

218

-25.00

290

334

67

-77.28

294

Leasing  &  Other  Similar  Rights

0

-

0

-

0

-

0

-

0

Other  tangible  assets

0

-

0

-

0

-

0

-

0

Financial  fixed  assets

1,484

242

434

-36.30

681

0.07

681

0.35

678

Total  current  assets

6,165,768

104

3,018,012

-12.98

3,468,294

44.13

2,406,418

11.35

2,161,177

Inventories

1,630,968

73.22

941,584

15.08

818,195

-7.55

885,033

14.42

773,521

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

1,630,968

73.22

941,584

15.08

818,195

-7.55

885,033

14.42

773,521

Trade  debtors

4,290,436

113

2,013,425

3.72

1,941,191

51.43

1,281,874

-3.36

1,326,475

Other  amounts  receivable

7,837

21.43

6,454

0.86

6,398

-0.89

6,456

-1.61

6,561

Cash

115,914

117

53,198

-92.40

699,532

204

229,983

346

51,524

Miscellaneous  current  assets

120,613

3499

3,351

12.51

2,979

-3.05

3,072

-0.75

3,096

Total  Assets

6,247,633

101

3,103,832

-12.88

3,562,702

42.01

2,508,701

10.42

2,271,997

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

2,075,891

61.34

1,286,619

2.06

1,260,661

-0.25

1,263,850

0.21

1,261,177

Issued  share  capital

222,205

0

222,205

0

222,205

3480

6,205

0

6,205

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

1,853,686

74.15

1,064,414

2.50

1,038,455

-17.43

1,257,645

0.21

1,254,972

Provisions  for  Liabilities  &  Charges

0

-

0

-

0

-

0

-

0

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

4,171,741

129

1,817,213

-21.06

2,302,041

84.93

1,244,850

23.15

1,010,819

Other  long  term  loans

180,000

0

180,000

0

180,000

0

180,000

-4.44

188,367

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

180,000

0

180,000

0

180,000

0

180,000

-4.44

188,367

Current  portion  of  long  term  debt

0

-

0

-

0

-100

8,367

-25.00

11,155

Financial  debts

1,423,744

146

578,127

39.69

413,868

-27.80

573,229

84.23

311,153

Trade  creditors

2,173,716

107

1,046,399

-38.43

1,699,398

257

475,388

-2.60

488,087

Amounts  Payable  for  Taxes,

9,005

-8.39

9,829

73.99

5,649

24.41

4,541

-30.65

6,548

Remuneration  &  Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current  liabilities

385,277

13385

2,857

-8.59

3,126

-6.01

3,325

-39.64

5,510

Total  current  liabilities

3,991,741

143

1,637,213

-22.85

2,122,041

99

1,064,850

29.47

822,453

Total  Liabilities

6,247,633

101

3,103,832

-12.88

3,562,702

42.01

2,508,701

10.42

2,271,997

ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-

-

-

-

-

-

-

-

-

Return  on  capital  employed

37.10

1366

2.53

34.57

1.88

795

0.21

-93.14

3.06

Return  on  total  assets  employed

13.40

1016

1.20

57.89

0.76

533

0.12

-93.88

1.96

Return  on  net  assets  employed

40.32

1300

2.88

34.58

2.14

791

0.24

-93.18

3.52

Sales  /  net  working  capital

-

-

-

-

-

-

-

-

-

Stock  turnover  ratio

-

-

-

-

-

-

-

-

-

Creditor  days

-

-

-

-

-

-

-

-

-

Debtor  days

-

-

-

-

-

-

-

-

-

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

1.54

-16.30

1.84

12.88

1.63

-27.88

2.26

-14.07

2.63

Liquidity  ratio  /  acid  ratio

1.14

-10.24

1.27

1.60

1.25

-12.59

1.43

-15.38

1.69

Current  debt  ratio

1.92

51.18

1.27

-24.40

1.68

100

0.84

29.23

0.65

Cashflow

796,480

2222

34,300

12.58

30,467

141

12,599

-70.21

42,296

Net  worth

2,075,891

61.34

1,286,619

2.06

1,260,661

-0.25

1,263,850

0.21

1,261,177

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

77.26

31.13

58.92

25.07

47.11

-21.82

60.26

48.83

40.49

Equity  in  percentage

33.23

-19.83

41.45

17.16

35.38

-29.77

50.38

-9.24

55.51

Total  debt  ratio

2.01

42.55

1.41

-22.95

1.83

86.73

0.98

22.50

0.80

Working  capital

2,174,026

57.45

1,380,800

2.57

1,346,253

0.35

1,341,568

0.21

1,338,724

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

-

-

-

-

-

-

-

-

-

Turnover

-

-

-

-

-

-

-

-

-

Total  operating  expenses

-

-

-

-

-

-

-

-

-

Gross  Operating  Margin

964,573

10481

9,116

-89.74

88,852

-37.63

142,466

51.83

93,830

Operating  Charges

0

-

-

-

-

-

-

-

-

Employee  costs

35,066

34.56

26,059

-1.43

26,438

0.79

26,232

-8.99

28,823

Wages  and  salary

-

-

15,103

-3.22

15,606

3.28

15,110

1.72

14,854

Employee  pension  costs

-

-

-

-

-

-

-

-

-

Social  security  contributions

-

-

3,959

4.01

3,806

-1.00

3,845

8.28

3,551

Other  employee  costs

35,066

401

6,997

-0.40

7,025

-3.46

7,277

-30.15

10,418

Director  remuneration

-

-

-

-

-

-

-

-

-

Amortization  and  depreciation

7,208

-13.58

8,341

-13.62

9,656

-2.72

9,926

0.11

9,915

Operating  result

887,468

2041

-43,465

-226

34,412

-64.84

97,887

92.16

50,939

Total  financial  income

574,121

-38.96

940,550

58.99

591,564

100

294,858

-58.01

702,200

Total  financial  expenses

624,571

-27.37

859,987

43.59

598,937

53.71

389,653

-45.02

708,719

Results  on  ordinary  operations  before  taxation

837,018

2156

37,098

37.20

27,039

774

3,091

-93.04

44,421

Extraordinary  Income

-

-

-

-

-

-

-

-

-

Extraordinary  Charges

-

-

-

-

-

-

-

-

-

Extraordinary  items

-

-

-

-

-

-

0

-

0

Results  for  the  Year  Before  Taxation

837,018

2156

37,098

37.20

27,039

774

3,091

-93.04

44,421

Taxation

47,746

328

11,139

78.83

6,229

1389

418

-96.53

12,039

Results  on  ordinary  operations  after  taxation

789,272

2940

25,959

24.74

20,810

678

2,673

-91.74

32,382

Net  result

789,272

2940

25,959

24.74

20,810

678

2,673

-91.74

32,382

Profit  (Loss)  for  the  Year  to  be  appropiated

789,272

2940

25,959

24.74

20,810

678

2,673

-91.74

32,382

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social  Balance  Sheet  Details

 

Social  Balance  Sheet  Details

Social  Balance  Sheet

 

Total

 

During  the  reporting  year

 

 

 

ended  31-12-2016

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

2

 

Total  Fte  Employees

 

1

 

Number  of  hours  worked

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

1,065

 

Total

 

1,065

 

Personnel  Charges

 

 

 

Full-time  Employees

 

-

 

Part-time  Employees

 

35,066

 

Total

 

35,066

 

Benefits  In  Addition  To  Wages

 

-

 

During  the  previous  reporting  year

 

 

 

Average  number  employees  in  Fte

 

1

 

Actual  working  hours

 

842

 

Personnel  Charges

 

26,059

 

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

-

2

1

Secondairy  education

-

-

-

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

-

-

-

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

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

-

-

-

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

 

 

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

 

 

Industry  quartile  analysis

 

Payment  expectations

 

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

 

 

Companies  that  match  this  address

No  Companies  Match  this  address

 

 

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

06/01/2016

Street

22 Van  Eycklei  Antwerpen

Post  code

2018

Country

Belgium

Name

Elie  Malous

Name

Armand  Malous

Position

Manager

Start  Date

31/01/1996

Street

5 PRINS  ALBERTLEI  ANTWERPEN

Post  code

2600

Country

Belgium

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.38

UK Pound

1

INR 91.09

Euro

1

INR 79.75

Euro

1

INR 79.96

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

SYL

                                                


 

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.