MIRA
INFORM REPORT
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Report Date : |
4th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
DIA
GLOBE BVBA |
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Registered Office : |
Hoveniersstraat 30 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
09.04.1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesalers of miscellaneous household goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
DIA-GLOBE
HOVENIERSSTRAAT
30 2018 ANTWERPEN BE
Tel.
Number :
+32-3-2133982
Fax
number :
+32-3-2263815
Summary
Business
founded 09
March 1992
Business
registered 09
April 1992 - Single member private limited company
Business
last updated 31
December 2005
Registration
number, 289182,
ANTWERPEN,
Value
Added Tax number, BE446886423,
Judicial
form Single
member private limited company
Activities Wholesale
of miscellaneous household goods
Payment
experience Nothing
to report
Credit
opinion Credit
opinion
Maximum
credit limit 79500 EUR is advised
Cash
situation (balance sheet analysis) : Very good
Profitability
(balance sheet analysis) : Low
Commitments
(regarding contractual obligations) : Completely fulfilled
Payment
defaults : None
Employees
(Business) 0
Total
share capital
31
December 2005 EUR 19000,00
Branch
office(s) HOVENIERSSTRAAT
30,2018 ANTWERPEN
Bank ABN
AMRO BANK (BELGIUM)
Boardmembers PAREKH VIPUL
RASIKLAL Manager
Management MEHTA
NIMESH PIYUSH Partner
The
business owns or partly owns one or more pieces of land and
buildings? Yes(Property)
PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2005 in EUR 16.770.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2005 in EUR
Total
assets incl. prepaid expenses and accrued income 6.288.000,-
Total
fixed assets 215.000,-
Total
tangible fixed assets 210.000,-
Land and
buildings 175.000,-
Plant,
machinery and equipment 7.000,-
Total
financial fixed assets 5.000,-
Investments
(long-term) 5.000,-
Total
Current assets 6.073.000,-
Inventories
and work in progress (incl. prepayments) 2.504.000,-
Accounts
receivable (trade) 3.331.000,-
Cash in
hand and at bank 238.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 6.288.000,-
Total
equity (Shareholders' funds) 234.000,-
Issued
(subscribed) capital 19.000,-
Profit
reserves 213.000,-
Legal
reserves 2.000,-
Total
liabilities 6.054.000,-
Total
long-term liabilities 151.000,-
Long-term
liabilities to credit institutions 151.000,-
Total
current liabilities 5.903.000,-
Current
accounts payable (trade) 4.782.000,-
Current
liabilities to credit institutions 20.000,-
Income
and social tax liabilities
4.000,-
PER, period
that the financial account covers for not consolidated profit and loss
account.:
00 0000
- 31 December 2005 in EUR
Total
operating income/revenue 16.770.000,-
Main
revenue (sales/turnover) 16.770.000,-
Total
operating expenses
-16.430.000,-
Cost of
materials (type of expenditure format) 16.180.000,-
Cost of
goods sold (operational format) 16.430.000,-
Gross
profit or loss after cost of materials or after cost of goods sold 340.000,-
Personnel
costs 15.000,-
Depreciation 11.000,-
Operating
profit or loss 340.000,-
Financial
expenses -255.000,-
Result
of ordinary operations 85.000,-
Extraordinary
income 49.000,-
Extraordinary
expenses -80.000,-
Extraordinary
result 54.000,-
Taxes -11.000,-
Net
profit or loss 43.000,-
Borrowing
ratio
2587,18 %
Current
ratio 102,87 %
Debt
gearing 64,53 %
Profit
margin. 2,09 %
Quick
ratio 60,46 %
Return
on assets 1,73 %
Return
on equity. 18,37 %
Solidity
or equity ratio
3,72 %
PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2004 in EUR 19.500.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2004 in EUR
Total
assets incl. prepaid expenses and accrued income 7.430.000,-
Total
fixed assets 190.000,-
Total
tangible fixed assets 185.000,-
Land and
buildings 180.000,-
Plant,
machinery and equipment 2.000,-
Total
financial fixed assets 5.000,-
Investments
(long-term)
5.000,-
Total
Current assets 7.240.000,-
Inventories
and work in progress (incl. prepayments) 3.920.000,-
Accounts
receivable (trade) 3.012.000,-
Cash in
hand and at bank 308.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 7.430.000,-
Total
equity (Shareholders' funds) 191.000,-
Issued
(subscribed) capital
19.000,-
Profit
reserves 170.000,-
Legal
reserves 2.000,-
Total
liabilities 7.239.000,-
Total
long-term liabilities 144.000,-
Long-term
liabilities to credit institutions 144.000,-
Total
current liabilities 7.095.000,-
Current
accounts payable (trade) 5.360.000,-
Current
liabilities to credit institutions 553.000,-
Income
and social tax liabilities 2.000,-
PER,
period that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2004 in EUR
Total
operating income/revenue 19.500.000,-
Main
revenue (sales/turnover) 19.500.000,-
Total
operating expenses -19.566.000,-
Cost of
materials (type of expenditure format) 19.268.000,-
Cost of
goods sold (operational format) 19.566.000,-
Gross
profit or loss after cost of materials or after cost of goods sold -66.000,-
Personnel
costs 22.000,-
Depreciation 10.000,-
Operating
profit or loss -66.000,-
Financial
income 169.000,-
Financial
expenses -57.000,-
Result
of ordinary operations 46.000,-
Extraordinary
income 9.000,-
Extraordinary
result 55.000,-
Taxes -21.000,-
Net
profit or loss 34.000,-
Borrowing
ratio 3790,05 %
Current
ratio 102,04 %
Debt gearing 75,39 %
Profit
margin. -0,28 %
Quick
ratio 46,79 %
Return
on assets 1,21
%
Return
on equity. 17,80 %
Solidity
or equity ratio 2,57 %
PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2003 in EUR 14.898.000,00
Not
consolidated profit and loss turnover of the business:
PER,
period that the financial account covers for not consolidated balance
sheet.:
00 0000
- 31 December 2003 in EUR
Total
assets incl. prepaid expenses and accrued income 7.368.000,-
Total
fixed assets 196.000,-
Total
tangible fixed assets 191.000,-
Land and
buildings 184.000,-
Plant,
machinery and equipment 2.000,-
Total
financial fixed assets
5.000,-
Investments
(long-term) 5.000,-
Total
Current assets 7.172.000,-
Inventories
and work in progress (incl. prepayments) 4.032.000,-
Accounts
receivable (trade) 2.040.000,-
Cash in
hand and at bank 1.100.000,-
Total
equity, provisions, liabilities, accrued expenses and deferred income 7.368.000,-
Total
equity (Shareholders' funds) 157.000,-
Issued
(subscribed) capital 19.000,-
Profit
reserves 136.000,-
Legal
reserves 2.000,-
Total
liabilities 7.211.000,-
Total
long-term liabilities 158.000,-
Long-term
liabilities to credit institutions
158.000,-
Total
current liabilities 7.053.000,-
Current
accounts payable (trade) 4.736.000,-
Current
liabilities to credit institutions 584.000,-
Income
and social tax liabilities 2.000,-
PER, period
that the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2003 in EUR
Total
operating income/revenue 14.899.000,-
Main
revenue (sales/turnover) 14.898.000,-
Total
operating expenses -14.890.000,-
Cost of
materials (type of expenditure format) 14.645.000,-
Cost of
goods sold (operational format) 14.890.000,-
Gross
profit or loss after cost of materials or after cost of goods sold 9.000,-
Personnel
costs 17.000,-
Depreciation 11.000,-
Operating
profit or loss 9.000,-
Financial
income 82.000,-
Financial
expenses -59.000,-
Result
of ordinary operations
32.000,-
Extraordinary
result 32.000,-
Taxes -12.000,-
Net
profit or loss 20.000,-
Borrowing
ratio 4592,99 %
Current
ratio 101,68 %
Debt
gearing 100,64 %
Profit
margin. 0,13 %
Quick
ratio 44,52 %
Return
on assets 1,08
%
Return
on equity.
12,73 %
Solidity
or equity ratio 2,13
%
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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