MIRA INFORM REPORT
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Report
Date : |
30.10.2006 |
IDENTIFICATION
DETAILS
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Name : |
Ankur Diamonds NV |
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Registered
Office : |
Hoveniersstraat 30, B - 2018 Antwerpen |
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Country
: |
Belgium |
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Date
of Incorporation : |
04.02.1997 |
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Legal
Form : |
Public Limited Company |
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Line
of Business : |
Wholesale business in polished and
unpolished diamonds, colored precious stones and pearls; manufacture and
processing of these articles. |
RATING & COMMENTS
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MIRA’s
Rating : |
A |
|
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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Status
: |
Good |
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
NAME
Ankur
Diamonds NV
ADDRESS
Hoveniersstraat 30
B-2018 ANTWERPEN
Phone no. 03-2341773
Legal
status
NV Public limited company (nat. law)
Founded
04.02.1997 as NV
Trade
register
321329, Antwerpen
Capital
nominal EUR 3.352.000,-
issued and paid up
EUR 3.352.000,-
Management
Bhansali Kaushik
Bhansali Rupen
Shah Ashok H.
Activity
Wholesale business in polished and unpolished diamonds, colored
precious stones and pearls; manufacture and processing of these articles.
Staff
5 employees
Turnover
Net
turnover
2002 EUR 79.179.993,-
2003 EUR 156.681.003,-
2004 EUR 86.080.010,-
Real
estate
The business premises at the mentioned address has been rented by
the company, as far as we know.
Finances
See balance sheet
Remarks
Net
result
2002 EUR 61.007,-
2003 EUR 88.002,-
2004 EUR 61.998,-
The
shareholders' equity was as of
30.06.2002 EUR
3.574.005,-
31.12.2003 EUR 3.662.007,-
31.12.2004 EUR
3.724.005,-
The
working capital was as of
30.06.2002 EUR
3.515.998,-
31.12.2003 EUR
9.900.991,-
31.12.2004 EUR
9.479.026,-
It proved to be impossible to retrieve details as to the bankers.
VAT-nr.
BE459929854
Mode of
payment
No complaints have been registered
The following financial data is retrieved from the corporate
balance sheet of
Ankur Diamonds NV
Hoveniersstraat 30, 2018 ANTWERPEN
Trade register 321329, Antwerpen
------------------------------------------------------------------------
Ankur Diamonds NV *** BALANCE SHEET
***
Corporate in
Euro Euro
(x 1) (x 1)
-----31-12-2003-----
-----31-12-2004-----
Intangible assets 0 0
Tangible assets 140.010 185.995
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 140.010 185.995
Stock 28.590.006
26.702.000
Receivables 45.684.992 33.987.020
Shares 0 0
Liquid assets 2.008 65.989
Miscellaneous current assets 0 0
Total current assets 74.277.006 60.755.009
Shareholders' equity 3.662.007 3.724.005
Provisions 0 0
Long-term liabilities 6.378.994 5.940.991
Current liabilities 64.376.015 51.275.983
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 74.416.992 60.941.004
------------------------------------------------------------------------
------------------------------------------------------------------------
Ankur Diamonds NV *** PROFIT & LOSS ACCOUNT
***
Corporate in
Euro Euro
(x
1) (x 1)
-----31-12-2003-----
-----31-12-2004-----
Turnover 156.681.003 86.080.010
Other income 171.989 176.996
Total expenses 153.655.984 84.271.999
Operating profit 3.197.008 1.985.007
Balance financial P/L -3.029.011 -1.882.999
Net profit/loss 1) 167.997 102.008
Taxation 79.995 40.010
Share in P/L of subsidiaries 0 0
Net profit/loss 2) 88.002 61.998
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 88.002 61.998
------------------------------------------------------------------------
Legend : 1) = Before tax
2) = After tax
------------------------------------------------------------------------
Ankur Diamonds NV *** FINANCIAL RATIOS
***
--------2003--------
--------2004--------
EQUITY %
Equity gearing 4.9 6.1
Equity/outside capital 5.2 6.5
LIQUIDITY
Current ratio 1.2 1.2
Acid test .7 .7
RATES OF RETURN %
Total assets .2 .2
Shareholders' equity 4.6 2.7
Pre tax margin %
.1 .1
Turnover rate 210.5 141.3
(x
1) (x 1)
-------------------- --------------------
Working capital 9.900.991 9.479.026
Shareholders' equity + Equalization 3.662.007 3.724.005
------------------------------------------------------------------------
RATING EXPLANATIONS
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 |