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De Beers Diamond Jewellers Limited
London, W1S 4QT (England)04117269
Not publicly quoted Status Active
This company is the GUO of the Corporate Group
Contact details
Registered Office Phone number 020 - 7758 9700
46-50 Old Bond Street Website www.debeersgroup.com
London
W1S 4QT
England
Legal & accounts information
Last change of name : 01/11/2006
Previous name(s) :
DE BEERS LV LIMITED/DE BEERS DIAMOND JEWELLERS LIMITED
RAPIDS WORLD LIMITED/DE BEERS LV LIMITED
HACKREMCO (NO.1754) LIMITED/RAPIDS WORLD LIMITED
Status Active
Legal form Private Limited Group
Date of incorporation 30/11/2000 Latest accounts date 31/12/2010
BvD indep. indicator B+ 10
Size & main activity
Op. Revenue (Turnover) 3
P/L for Period (Net Income)
Total Assets 3
No of Employees 232
Trade description It designs, manufactures and retails fine jewellery
Key financials & Employees
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
th GBP th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 12 months 12 months
Cons. Cons. Cons. Cons. Cons. Cons.
Unqualified Unqualified Qualified Unqualified Unqualified Unqualified
IFRS
Turnover 86,052 57,854 87,075 59,949 58,321 16,969
Profit (Loss) before Taxation -32,465 -42,942 -28,375 -12,137 -10,378 -23,676
Net Tangible Assets (Liab.) 74,617 57,165 131,397 79,674 75,029 63,542
Shareholders Funds 68,072 67,865 108,400 77,072 72,577 60,954
Profit Margin -37.73 -74.22 -32.59 -20.25 -17.79 n.s.
Return on Shareholders Funds -47.69 -63.28 -26.18 -15.75 -14.30 -38.84
Return on Capital Employed -43.51 -60.29 -19.36 -15.23 -13.82 -37.20
Liquidity Ratio (x) 0.37 0.15 0.41 0.55 1.36 0.32
Gearing (%) 66.93 69.56 39.00 7.15 3.52 4.58
Number of Employees 232 197 211 162 140 107
Balance sheet
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
th GBP th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 12 months 12 months
Registered no
01/11/2006
30/07/2001
11/01/2001
Registered accounts type
No of available years
86,052 th GBP No of recorded shareholders
-28,481 th GBP
130,767 th GBP No of recorded subsidiaries
Cons. Cons. Cons. Cons. Cons. Cons.
Unqualified Unqualified Qualified Unqualified Unqualified Unqualified
IFRS
Fixed Assets
Tangible Assets 15,606 20,807 34,400 15,561 14,487 30,604
Land & Buildings 5,217
Freehold Land
Leasehold Land 5,217
Fixtures & Fittings 9,278
Plant & Vehicles 400
Plant 400
Vehicles
Other Fixed Assets 710
Intangible Assets 14,059 15,186 43 98
Investments 3,475 2,970 2,972 1,645
Fixed Assets 19,081 37,836 52,558 17,207 14,530 30,702
Current Assets
Stock & W.I.P. 91,159 88,360 115,805 72,288 56,184 45,562
Stock 9,879 82,860 107,090 64,469 48,397 38,499
W.I.P. 6,356 5,500 8,715 7,819 7,787 7,063
Finished Goods 74,924
Trade Debtors 11,686 6,282 8,932 8,086 4,038 3,076
Bank & Deposits 7,774 1,564
Other Current Assets 8,841 3,480 6,115 3,712 4,730 1,312
Group Loans (asset) 29 95 250 792 90 261
Directors Loans (asset) 0 0 0 0 0 0
Other Debtors 1,666 3,385 5,865 2,920 4,640 1,051
Prepayments 5,836
Deferred Taxation 1,311
Investments
Current Assets 111,686 98,123 130,852 84,086 72,726 51,515
Current Liabilities
Trade Creditors -7,689 -11,826 -26,267 -9,546 -7,365 -10,754
Short Term Loans & Overdrafts -39,016 -43,845 -4,090 -2,909 -59 -106
Bank Overdrafts -38,599 -3,170 -3,170 -2,665 0 0
Group Loans (short t.) -417 -383 -920 -244 -59 -106
Director Loans (short t.) 0 0 0 0 0 0
Hire Purch. & Leas. (short t.) 0 0 0 0 0 0
Hire Purchase (short t.)
Leasing (short t.)
Other Short Term Loans 0 -40,292 0 0 0 0
Total Other Current Liabilities -9,445 -9,065 -6,469 -9,165 -4,760 -7,717
Corporation Tax 0 0 0 0 0 0
Dividends 0 0 0 0 0 0
Accruals & Def. Inc. (sh. t.) -5,620 -5,495 -3,347 -6,384 -2,913 -6,360
Social Securities & V.A.T. -294 -362 -394 -1,180 -714 -525
Other Current Liabilities -3,530 -3,208 -2,728 -1,601 -1,133 -832
Current Liabilities -56,150 -64,735 -36,827 -21,619 -12,184 -18,577
Net Current Assets (Liab.) 55,536 33,388 94,025 62,467 60,542 32,938
Net Tangible Assets (Liab.) 74,617 57,165 131,397 79,674 75,029 63,542
Working Capital 55,536 33,388 94,025 62,467 60,542 32,938
Total Assets 130,767 135,959 183,410 101,293 87,256 82,217
Total Assets less Cur. Liab. 74,617 71,224 146,583 79,674 75,072 63,640
Long Term Liabilities
Long Term Debt -6,545 -3,359 -38,182 -2,601 -2,495
Group Loans (long t.) -3,499 0 0 -2,601 -2,495
Director Loans (long t.) 0 0 0 0 0
Hire Purch. & Leas. (long t.) 0 0 0 0 0
Hire Purchase (long t.)
Leasing (long t.)
Preference Shares
Other Long Term Loans -3,046 -3,359 -38,182 0 0
Total Other Long Term Liab. -2,686
Accruals & Def. Inc. (l. t.) 0
Other Long Term Liab. -2,686
Provisions for Other Liab. 0
Deferred Tax
Other Provisions
Pension Liabilities
Balance sheet Minorities
Long Term Liabilities -6,545 -3,359 -38,182 -2,601 -2,495 -2,686
Total Assets less Liabilities 68,072 67,865 108,401 77,073 72,577 60,954
Shareholders Funds
Issued Capital 238,424 205,771 215,335 135,130 116,646 104,438
Ordinary Shares 238,424
Preference Shares
Other Shares
Total Reserves -170,351 -137,906 -106,934 -58,058 -44,069 -43,485
Share Premium Account 0 0 0 0 0 0
Revaluation Reserves 0 0 0 0 0 0
Profit (Loss) Account -170,351 -137,906 -106,934 -58,058 -44,069 -43,485
Other Reserves 0 0 0 0 0 0
Shareholders Funds 68,072 67,865 108,400 77,072 72,577 60,954
Profit & Loss account
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
th GBP th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 12 months 12 months
Cons. Cons. Cons. Cons. Cons. Cons.
Unqualified Unqualified Qualified Unqualified Unqualified Unqualified
IFRS
Turnover 86,052 57,854 87,075 59,949 58,321 16,969
UK Turnover 6,225
Overseas Turnover 59,949 58,321 10,744
Cost of Sales -51,035 -35,085 -44,330 -29,864 -38,708 -8,953
Exceptional Items pre GP
Other Income pre GP
Gross Profit 35,016 22,769 42,745 30,085 19,613 8,016
Administration Expenses -66,520 -65,239 -70,578 -42,162 -30,615 -31,820
Other Operating Income pre OP 619
Exceptional Items pre OP
Operating Profit -30,885 -42,470 -27,833 -12,077 -11,002 -23,804
Other Income 160 546 1,018 485 775 741
Total Other Income & Int. Received 289 546 1,018 485 775 741
Exceptional Items -179
Profit (Loss) on Sale of Operations
Costs of Reorganisation
Profit (Loss) on Disposal
Other Exceptional Items
Profit (Loss) before Interest paid -30,595 -41,925 -26,815 -11,592 -10,227 -23,242
Interest Received 130
Interest Paid -1,870 -1,017 -1,560 -545 -151 -434
Paid to Bank -1,836
Paid on Hire Purchase
Paid on Leasing
Other Interest Paid -34
Net Interest -1,740 -1,017 -1,560 -545 -151 -434
Profit (Loss) before Tax -32,465 -42,942 -28,375 -12,137 -10,378 -23,676
Taxation 3,984 -133 954 965 3,100 4,735
Profit (Loss) after Tax -28,481 -43,075 -27,421 -11,172 -7,278 -18,941
Extraordinary Items
Minority Interests
Profit (Loss) for Period -28,481 -43,075 -27,421 -11,172 -7,278 -18,941
Dividends -35
Retained Profit(Loss) -28,481 -43,110 -27,421 -11,172 -7,278 -18,940
Depreciation 8,502 8,999 7,258 3,773 2,902 1,839
Depreciation Owned Assets
Depreciation Other Assets 8,502
Impairment Tangibles
Audit Fee 201 184 148 111 92 107
Non-Audit Fee 10 35 46 34 33 41
Tax Advice 10
Non-Tax Advisory Services
Other Auditors Services
Non-Audit Fees paid to Other Auditors
Total Amortization and Impairment 56 54 60 42 43 49
Amortisation 56
Impairment
Total Operating Lease Rentals 19,294
Hire of Plant & Machinery 9
19,285
Research & Development
Foreign Exchange Gains/Losses 160
Remuneration 13,729 12,231 13,565 8,752 7,767 7,510
Wages & Salaries 12,062 10,551 7,492 6,610 6,569
Social Security Costs 1,395 1,071 1,002 725 630
Pension Costs 271 609 258 432 311
Other Staff Costs
Directors' Remuneration
Directors' Fees
Pension Contribution
Other Emoluments
Highest Paid Director
Number of Employees 232 197 211 162 140 107
Cash Flow statement
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
th GBP th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 12 months 12 months
Cons. Cons. Cons. Cons. Cons. Cons.
Unqualified Unqualified Qualified Unqualified Unqualified Unqualified
IFRS
Net Cash In(Out)flow Operat. Activ. -30,055 -35,517
Net Cash In(Out)flow Ret. on Invest. -1,740 -311
Taxation 3,456
Net Cash Out(In)flow Investing Activ. 11,625
Capital Expenditure & Financ. Invest. -11,811
Acquisition & Disposal
Equity Dividends Paid
Management of Liquid Resources
Net Cash Out(In)flow from Financing 19,294 41,906
Increase(Decrease) Cash & Equiv. -877 -2,277
Ratios
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
Land & Building or Property Rents & Other
GBP GBP GBP GBP GBP GBP
Profitability ratios
Return on Shareholders Funds (%) -47.69 -63.28 -26.18 -15.75 -14.30 -38.84
Return on Capital Employed (%) -43.51 -60.29 -19.36 -15.23 -13.82 -37.20
Return on Total Assets (%) -24.83 -31.58 -15.47 -11.98 -11.89 -28.80
Profit margin (%) -37.73 -74.22 -32.59 -20.25 -17.79 n.s.
Gross margin (%) 40.69 39.36 49.09 50.18 33.63 47.24
Berry ratio (x) 0.54 0.35 0.61 0.71 0.64 0.25
EBIT margin (%) -35.89 -73.41 -31.96 -20.15 -18.86 -140.28
EBITDA margin (%) -25.95 -57.76 -23.56 -13.78 -13.81 -129.15
Operational ratios
Net Assets Turnover (x) 1.15 0.81 0.59 0.75 0.78 0.27
Fixed Assets Turnover (x) 4.51 1.53 1.66 3.48 4.01 0.55
Interest Cover (x) -16.36 -41.22 -17.19 -21.27 -67.73 -53.55
Stock Turnover (x) 0.94 0.65 0.75 0.83 1.04 0.37
Debtors Turnover (x) 7.36 9.21 9.75 7.41 14.44 5.52
Debtor Collection (days) 49.57 39.63 37.44 49.23 25.27 66.16
Creditors Payment (days) 32.61 74.61 110.11 58.12 46.09 231.32
Structure ratios
Current ratio (x) 1.99 1.52 3.55 3.89 5.97 2.77
Liquidity ratio (x) 0.37 0.15 0.41 0.55 1.36 0.32
Shareholders liquidity ratio (x) 10.40 20.20 2.84 29.63 29.09 22.69
Solvency ratio (%) 52.06 49.92 59.10 76.09 83.18 74.14
Asset Cover (x) 19.98 40.48 4.80 38.94 34.97
Gearing (%) 66.93 69.56 39.00 7.15 3.52 4.58
Per employee ratios
Profit per employee (unit) -139,935 -217,980 -134,479 -74,920 -74,129 -221,271
Turnover per employee (unit) 370,914 293,675 412,678 370,056 416,579 158,589
Salaries/Turnover 15.95 21.14 15.58 14.60 13.32 44.26
59,177 62,086 64,289 54,025 55,479 70,187
Shareholders Funds per employee (unit) n.s. n.s. n.s. n.s. n.s. n.s.
Working Capital per employee (unit) n.s. 169,482 n.s. n.s. n.s. n.s.
Total Assets per employee (unit) 563,651 690,147 869,242 625,265 623,257 768,383
Credit score & rating
Current QuiScore 83 (31/12/2010)
Previous QuiScore 81 (31/12/2009)
QuiRating (GBP) 999,999
Current directors
Name Role (Occupation) Appointment
date
1. Mr Antonio Feferico Belloni Director (occupation: Chief Operating Officer) 27/07/2001
2. Mr Olivier Pierre Carrive Director 28/04/2008
3. Ms Jane Louise Disborough Director (occupation: Executive) 07/10/2010
4. Mr Jean-Jacques Michael Guiony Director 08/10/2009
5. Mr Cyrus David Jilla Director (occupation: Chief Executive Officer) 02/07/2010
6. Mr Stephen Christopher Lussier Director 07/07/2006
7. Mr Philippe Jean-Claude Mellier Director 19/07/2011
8. Mr Francesco Trapani Director 12/07/2011
Contacts
Average Remuneration per employee (unit)
Name Position Function
1. Mrs Alison Paul Manager
Audit/accountant details
Cons. Cons. Cons. Cons. Cons. Cons.
31/12/2010 31/12/2009 31/12/2008 31/12/2007 31/12/2006 31/12/2005
th GBP th GBP th GBP th GBP th GBP th GBP
Qualified / Unqualified accounts Unqualified Unqualified Qualified Unqualified Unqualified Unqualified
Auditor comment No Yes No No No No
Post Balance sheet event No Yes No No No No
Contingent liabilities indicator No No Yes Yes No No
Contingent liabilities value
Audit/accountant report exemption n.a. n.a. n.a. n.a. n.a. n.a.
Audit Fee 201 184 148 111 92 107
Non-Audit Fee 10 35 46 34 33 41
Auditors/accountants :
DELOITTE LLP
Previous auditors/accountants :
ERNST & YOUNG LLP (2009,2008,2007,2006,2005,2004,2003,2002,2001)
Controlling shareholders
BvD Independence Indicator: B+
Current definition of the UO: path of min 50.01% of control, known or unknown shareholders
This company is the Global UO of the Corporate Group.
See the Current shareholders report section for other shareholders.
Current shareholders
Ownership Source Company information
Shareholder name Type
Op.
Revenue
(mil GBP)*
SOFIDIV FR C 50.00 n.a. IP 01/2012 ð n.a.
RIVERBANK INVESTMENTS LTD n.a. C 46.65 n.a. RT 11/2010 - n.a.
SOFIDIV UK LIMITED GB C - n.a. RT 11/2010 ð n.a.
* :
Current subsidiaries
General Contact
Current filter:No filter
The companies underlined and displayed in bold blue are available onFAME. The companies underlined and displayed in bold grey are available on otherBvD Databases.
Coun- try
Direct (%)
Total (%)
Source ident.
Date of info.
Vari- ation
1.
2.
3.
For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating Income (memo)
Current filter:No filter
The companies underlined and displayed in bold blue are available onFAME. The companies underlined and displayed in bold grey are available on otherBvD Databases.
Ownership Source Company information
Subsidiary name Status
Op.
Revenue
(mil GBP)*
GB WO WO 1 UO+ JO 03/2011 ð n.a.
GB WO WO 1 UO+ JO 03/2011 ð 11
DE BEERS DIAMOND JEWELERS JAPAN K.K. JP MO n.a. 1 UO IP 06/2010 ð n.a.
* :
Coun- try
Direct (%)
Total (%)
Level of own.
Source ident.
Date of info.
Vari- ation
1. DE BEERS DIAMOND JEWELLERS TRADE MARK LIMITED
2. DE BEERS DIAMOND JEWELLERS UK LIMITED
3.
For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating Income (memo)
Key financials & Employees
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 13 months
Cons. Cons. Cons. Uncons. Uncons.
Unqualified Unqualified Unqualified Unqualified Unqualified
UK GAAP
16,969 9,722 4,680 576
-23,676 -22,951 -21,900 -10,390 -4,515
63,542 40,829 45,262 34,340 20,053
60,954 7,091 11,006 8,977 20,053
n.s. n.s. n.s. n.s.
-38.84 -323.66 -198.98 -115.74 -20.78
-37.20 -56.03 -47.93 -30.03 -20.78
0.32 1.13 1.33 0.45 1.99
4.58 502.38 331.32 285.99 4.32
107 108 71 32 8
Balance sheet
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 13 months
Cons. Cons. Cons. Uncons. Uncons.
Unqualified Unqualified Unqualified Unqualified Unqualified
UK GAAP
30,604 18,856 20,304 21,715 18,145
15,470 16,022
2,324 3,196
1,061 1,086
0 0
98 135 433 263
30,702 18,991 20,738 21,978 18,145
45,562 20,983 22,560 19,504
38,499 19,050 18,409 14,984
7,063 1,933 4,151 4,520
3,076 1,232 544
1,564 3,695 5,256 140 2,710
1,312 3,824 3,793 5,401 1,125
261 0 77 1,357 0
0 0 0 0 0
1,051 3,824 3,716 4,044 1,125
51,515 29,734 32,153 25,045 3,835
-10,754 -1,362 -1,568 -2,385 -156
-106 -1,751 -1,776 -48 -866
0 0 0 0 0
-106 -1,751 -1,776 -48 -866
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
-7,717 -4,648 -3,851 -9,988 -905
0 0 0 0 0
0 0 0 0 0
-6,360 -3,887 -3,469 -9,914 -865
-525 -299 -382 -74 -40
-832 -462 0 0 0
-18,577 -7,761 -7,196 -12,420 -1,927
32,938 21,973 24,957 12,625 1,908
63,542 40,829 45,262 34,340 20,053
32,938 21,973 24,957 12,625 1,908
82,217 48,725 52,891 47,023 21,980
63,640 40,964 45,695 34,603 20,053
-33,873 -34,689 -25,625
0 0 0
0 0 0
0 0 0
-33,873 -34,689 -25,625
-2,686
0
-2,686
0
-2,686 -33,873 -34,689 -25,625
60,954 7,091 11,006 8,978 20,053
104,438 28,215 13,639 9,120 10,134
-43,485 -21,125 -2,632 -144 9,919
0 0 30,798 12,990 14,434
0 0 0 0 0
-43,485 -21,125 -33,430 -13,134 -4,515
0 0 0 0 0
60,954 7,091 11,006 8,977 20,053
Profit & Loss account
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 13 months
Cons. Cons. Cons. Uncons. Uncons.
Unqualified Unqualified Unqualified Unqualified Unqualified
UK GAAP
16,969 9,722 4,680 576
6,225 4,859 3,212 576
10,744 4,863 1,468
-8,953 -8,068 -1,984 -205
8,016 1,654 2,696 371
-31,820 -25,376 -23,439 -10,960 -4,413
-23,804 -23,721 -20,743 -10,589 -4,413
741 1,493 19 493 48
741 1,493 19 493
-179 -150
-23,242 -22,228 -20,723 -10,095 -4,515
-434 -723 -1,177 -295
-434 -723 -1,177 -295
-23,676 -22,951 -21,900 -10,390 -4,515
4,735 -16 1,397 1,321
-18,941 -22,967 -20,503 -9,069 -4,515
-18,941 -22,967 -20,503 -9,069 -4,515
-18,940 -22,967 -20,504 -9,070 -4,515
1,839 2,184 1,515 125 1
107 65 65 45 10
41 46 91
49 101 77 6
7,510 7,798 5,109 3,044 642
6,569 6,729 4,396 2,596
630 733 520 328
311 336 192 120
44 6 61
107 108 71 32 8
Cash Flow statement
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
th GBP th GBP th GBP th GBP th GBP
12 months 12 months 12 months 12 months 13 months
Cons. Cons. Cons. Uncons. Uncons.
Unqualified Unqualified Unqualified Unqualified Unqualified
UK GAAP
-35,517 -18,846 -29,466
-311 -694 -1,157
3,456 1,295 2,723
-11,811 -1,679 -2,821
41,906 18,374 35,435
-2,277 -1,549 4,714
Ratios
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
GBP GBP GBP GBP GBP
-38.84 -323.66 -198.98 -115.74 -20.78
-37.20 -56.03 -47.93 -30.03 -20.78
-28.80 -47.10 -41.41 -22.10 -18.96
n.s. n.s. n.s. n.s.
47.24 17.01 57.61 64.41
0.25 0.07 0.12 0.03
-140.28 -243.99 -443.23 n.s.
-129.15 -220.49 -409.21 n.s.
0.27 0.24 0.10 0.02
0.55 0.51 0.23 0.03
-53.55 -30.74 -17.61 -34.22
0.37 0.46 0.21 0.03
5.52 7.89 8.60
66.16 46.25 42.43
231.32 51.13 122.29 n.s.
2.77 3.83 4.47 2.02 1.99
0.32 1.13 1.33 0.45 1.99
22.69 0.21 0.32 0.35
74.14 14.55 20.81 19.09 91.23
1.44 1.52 1.84
4.58 502.38 331.32 285.99 4.32
-221,271 -212,509 -308,451 -324,688 -520,962
158,589 90,019 65,915 18,000
44.26 80.21 n.s. n.s.
70,187 72,204 71,958 95,125 74,077
n.s. 65,657 155,014 n.s. n.s.
n.s. n.s. n.s. n.s. n.s.
768,383 451,157 744,944 1,469,469 n.s.
Audit/accountant details
Cons. Cons. Cons. Uncons. Uncons.
31/12/2005 31/12/2004 31/12/2003 31/12/2002 31/12/2001
th GBP th GBP th GBP th GBP th GBP
Unqualified Unqualified Unqualified Unqualified Unqualified
No No No No No
No No Yes No No
No No No No No
n.a. n.a. n.a. n.a. n.a.
107 65 65 45 10
41 46 91
Company information
No of
employees
n.a.
n.a.
n.a.
Company information
Op.No of
Revenueemployees
(mil GBP)*
n.a. n.a.
11 17
n.a. n.a.
