MIRA
INFORM REPORT
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Report Date : |
3rd June 2006 |
IDENTIFICATION DETAILS
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Name : |
FILDIAM BVBA |
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Registered Office : |
Hoveniersstraat 53, B-2018 Antwerpen, Belgium |
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Country : |
Belgium |
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Financial : |
31/12/2003 |
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Date of Incorporation : |
21.10.1986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and export of and trade in polished diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 90000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
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Legal status |
Private limited company |
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Founded |
21.10.1986, BB since 31.10.1986 |
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Trade register |
253688, Antwerpen |
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Capital |
nominal EUR 19.000,- |
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issued and paid up EUR 19.000,- |
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Management |
Fogel Philippe, Antwerpen |
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Activity |
Import and export of and trade in polished diamonds. |
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Staff |
2 employees |
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Turnover |
Net turnover: |
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2000 EUR 11.803.673,- |
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2001 EUR 9.794.397,- |
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2002 EUR 10.412.991,- |
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2003 EUR 6.628.995,- |
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Real estate |
The business premises at the mentioned address has been rented by the company, as far as we know. |
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Finances |
See balance sheet |
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Remarks |
Net result: |
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2000 EUR 15.568,- |
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2001 EUR 6.420,- |
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2002 EUR 6.991,- |
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2003 EUR (29.004,-) |
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The shareholders' equity was as of: |
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31.12.2000 EUR 35.821,- |
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31.12.2001 EUR 42.241,- |
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31.12.2002 EUR 50.000,- |
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31.12.2003 EUR 20.997,- |
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The working capital was as of: |
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31.12.2000 EUR 34.829,- |
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31.12.2001 EUR 41.968,- |
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31.12.2002 EUR 47.991,- |
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31.12.2003 EUR 19.013,- |
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Other bankers: |
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Antwerpse Diamantbank, account nr. 640-0944500-54 |
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Main shareholders: |
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Philippe Fogel & Antwerp Diamond Export |
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We are awaiting further details and will send you an updated soonest possible. |
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Bankers |
ABN-AMRO NV. |
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VAT-nr. |
BE429616463 |
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Mode of payment |
No complaints have been registered |
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Credit demand |
Under reserve of the balance sheet, there are no objections against entering into a business relationship. |
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A maximum credit limit of EUR 90.000,- is advised. |
The following financial data is
retrieved from the corporate balance sheet of
Fildiam
Bvba
Hoveniersstraat
53, 2018 ANTWERPEN
Trade
register 253688, Antwerpen
------------------------------------------------------------------------
Fildiam
Bvba *** BALANCE SHEET ***
Corporate
in
Euro Euro
(x 1) (x 1)
-----31-12-2002----- -----31-12-2003-----
Intangible
assets 0 0
Tangible
assets 11.006 2.008
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total
fixed assets
11.006 2.008
Stock 344.002 693.011
Receivables 1.841.997 1.680.991
Shares 0 0
Liquid
assets
135.003 158.007
Miscellaneous
current assets 0 0
Total
current assets
2.321.002 2.532.009
Shareholders'
equity 50.000 20.997
Provisions 0 0
Long-term
liabilities 8.999 0
Current
liabilities 2.273.011 2.512.996
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.332.009 2.533.992
------------------------------------------------------------------------
------------------------------------------------------------------------
Fildiam
Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in
Euro Euro
(x 1) (x 1)
-----31-12-2002----- -----31-12-2003-----
Turnover 10.412.991 6.628.995
Other
income 2.008 2.008
Total
expenses
10.492.986 6.806.983
Operating
profit
-77.987 -175.980
Balance
financial P/L 96.009 147.001
Net
profit/loss 1) 17.997 -28.979
Taxation 11.006 0
Share in
P/L of subsidiaries 0 0
Net
profit/loss 2)
6.991 -28.979
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary
P/L 2) 0 0
Res. sub.
companies 2) 0 0
Minority
interests 0 0
Miscellaneous
P/L 0 0
Net
result
6.991 -29.004
------------------------------------------------------------------------
Legend :
1) = Before tax
2) =
After tax
------------------------------------------------------------------------
Fildiam
Bvba *** FINANCIAL RATIOS ***
--------2002-------- --------2003--------
EQUITY %
Equity
gearing
2.1 .8
Equity/outside
capital 2.2 .8
LIQUIDITY
Current
ratio
1.0 1.0
Acid
test
.9 .7
RATES OF
RETURN %
Total
assets
.8 -1.1
Shareholders'
equity 36.0 138.0
Pre tax
margin % .2 -.4
Turnover
rate
446.5 261.6
(x 1) (x 1)
-------------------- --------------------
Working
capital 47.991 19.013
Shareholders'
equity + Equalization 50.000 20.997
------------------------------------------------------------------------
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |