MIRA
INFORM REPORT
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Report Date : |
4ht
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
SHWE DIAM BVBA |
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Registered Office : |
Hoveniersstraat 30, 2018
ANTWERPEN Trade register
269571, Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31/12/2004 |
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Date of Incorporation : |
02.05.1989 |
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Legal Form : |
Private limited company |
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Line of Business : |
Importers and exporters of diamonds |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 : |
Regular |
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Litigation : |
Clear |
NAME
Shwe Diam BVBA
Legal status
Private limited company
Founded
02.05.1989
Trade register
269571, Antwerpen
Capital
Nominal
EUR 25.000,-
Issued and paid up EUR 25.000,-
Management
Shah sureshchandra
Activity
Import and export of diamonds.
Staff
1 employee.
Turnover
Net turnover:
2002 EUR 10.896.011,-
2003 EUR 7.131.996,-
2004 EUR 6.522.996,-
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 18.989,-
2003 EUR 8.999,-
2004 EUR 8.999,-
The shareholders' equity was as of:
31.12.2002 EUR
84.011,-
31.12.2003 EUR
93.010,-
31.12.2004 EUR 102.008,-
The working capital was as of:
31.12.2002 EUR
29.995,-
31.12.2003 EUR
30.020,-
31.12.2004 EUR
30.986,-
Other bankers
Antwerpse Diamantbank
Bankers
ABN-AMRO NV, 674-5253948-48.
VAT-nr.
BE437233141
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The
following financial data is retrieved from the corporate balance sheet of :
Schwediam
Bvba
Hoveniersstraat
30, 2018 ANTWERPEN
Trade
register 269571, Antwerpen
------------------------------------------------------------------------
Schwediam
Bvba *** BALANCE SHEET ***
Corporate
in
Euro Euro
(x 1) (x 1)
-----31-12-2003-----
-----31-12-2004-----
Intangible
assets 0 0
Tangible
assets 161.007 155.999
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total
fixed assets
161.007 155.999
Stock 761.008 608.008
Receivables 1.135.006 1.799.980
Shares 0 440.011
Liquid
assets
497.993 9.990
Miscellaneous
current assets 0 0
Total
current assets 2.394.007 2.857.989
Shareholders'
equity 93.010 102.008
Provisions 0 0
Long-term
liabilities 97.992 85.003
Current
liabilities 2.363.987 2.827.003
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total
liabilities
2.554.989 3.013.989
------------------------------------------------------------------------
------------------------------------------------------------------------
Schwediam
Bvba *** PROFIT & LOSS ACCOUNT ***
Corporate
in
Euro Euro
(x 1) (x
1)
-----31-12-2003-----
-----31-12-2004-----
Turnover 7.131.996 6.522.996
Other
income
0 0
Total
expenses
7.113.999 6.481.003
Operating
profit 17.997 41.993
Balance
financial P/L -4.983 -29.003
Net
profit/loss 1)
12.990 12.990
Taxation 3.991 3.991
Share
in P/L of subsidiaries
0 0
Net
profit/loss 2)
8.999 8.999
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
8.999 8.999
-----------------------------------------------------------------------
Legend
: 1) = Before tax
2) =
After tax
------------------------------------------------------------------------
Schwediam
Bvba *** FINANCIAL RATIOS ***
--------2003-------- --------2004--------
EQUITY %
Equity
gearing
3.6 3.4
Equity/outside
capital 3.8 3.5
LIQUIDITY
Current
ratio
1.0 1.0
Acid
test
.7 .8
RATES
OF RETURN %
Total
assets
.5 .4
Shareholders'
equity 14.0 12.7
Pre tax
margin % .2 .2
Turnover
rate 279.1 216.4
(x 1) (x
1)
--------------------
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Working
capital
30.020 30.986
Shareholders'
equity + Equalization 93.010 102.008
------------------------------------------------------------------------
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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