MIRA
INFORM REPORT
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Report
Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
DIAROUGH EUROPEALES NV |
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Registered
Office : |
Hoveniersstraat 30, B-2018 Antwerpen,
Belgium |
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Date
of Incorporation : |
04.09.1996 |
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Legal
Form : |
Public Limited Company |
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Line
of Business : |
Wholesale business in diamonds. |
RATING & COMMENTS
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MIRA’s
Rating : |
A |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum
Credit Limit : |
EUR 450.000 |
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Status
: |
Good |
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
NAME
Diarough
Europeales NV
ADDRESS
Hoveniersstraat 30
B-2018 ANTWERPEN
Phone no. :
03-2342424
Fax :
03-2323931
Legal
status
NV Public limited company (nat. law)
Founded
04.09.1996 as NV
Trade
register
317552, Antwerpen
Capital
nominal EUR 1.537.000,-
issued and paid up EUR
1.537.000,-
Management
Parikh Nishit M.
Taksali Pradeep
Activity
Wholesale business in diamonds.
Staff
13 employees
Turnover
Net turnover:
2002 EUR 65.781.001,-
2003 EUR 51.717.010,-
2004 EUR 79.788.993,-
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 53.000,-
2004 EUR 118.989,-
The shareholders' equity was as of:
30.06.2002 EUR
1.750.996,-
30.06.2003 EUR
1.803.996,-
31.12.2004 EUR
1.974.993,-
The working capital was as of:
30.06.2002 EUR
7.896.995,-
30.06.2003 EUR
7.879.990,-
31.12.2004 EUR
1.928.983,-
Other bankers:
State Bank of India
General website : www.diarough.com
VAT-nr.
BE458427938
Mode of
payment
Within terms
Credit
demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 450.000,- is advised.
The
following financial data is retrieved
from
the corporate balance sheet of :
Diarough Europeales NV
Hoveniersstraat 30,
2018 ANTWERPEN
Trade register 317552, Antwerpen
------------------------------------------------------------------------
Diarough Europeales NV
*** BALANCE SHEET ***
Corporate in
Euro Euro
(x 1) (x 1)
-----30-06-2003----- -----31-12-2004-----
Intangible assets 0 0
Tangible assets
71.988 46.009
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets
71.988 46.009
Stock 19.841.001 24.966.001
Receivables
5.436.999 9.780.987
Shares 0 0
Liquid assets
458.008 2.880.002
Miscellaneous current assets 0 0
Total current assets
25.736.008 37.626.990
Shareholders' equity
1.803.996 1.974.993
Provisions 0 0
Long-term liabilities
6.148.007 0
Current liabilities
17.856.018 35.698.007
Minority interests 0
0
Miscellaneous liabilities 0 0
Total liabilities
25.807.997 37.672.999
------------------------------------------------------------------------
------------------------------------------------------------------------
Diarough Europeales NV
*** PROFIT & LOSS
ACCOUNT ***
Corporate in
Euro Euro
(x 1) (x 1)
-----30-06-2003----- -----31-12-2004-----
Turnover
51.717.010 79.788.993
Other income
23.005 87.011
Total expenses
52.258.979 79.541.992
Operating profit
-518.990 334.012
Balance financial P/L
623.006 -125.980
Net profit/loss 1)
103.991 208.007
Taxation
52.008 88.994
Share in P/L of subsidiaries 0 0
Net profit/loss 2)
51.983 119.013
Balance extraordinary P/L
1.016 0
Taxation 0 0
Extraordinary P/L 2)
1.016 0
Res. sub. companies 2) 0 0
Minority interests 0 0
Miscellaneous P/L
0 0
Net result
53.000 118.989
------------------------------------------------------------------------
Legend : 1) = Before tax
2) = After tax
------------------------------------------------------------------------
Diarough Europeales NV
*** FINANCIAL RATIOS ***
--------2003-------- --------2004--------
EQUITY %
Equity gearing 7.0 5.2
Equity/outside capital 7.5 5.5
LIQUIDITY
Current ratio 1.4 1.1
Acid test .3 .4
RATES OF RETURN %
Total assets .4 .6
Shareholders' equity 5.8
10.5
Pre tax margin % .2 .3
Turnover rate 200.4 211.8
(x 1) (x 1)
--------------------
--------------------
Working capital
7.879.990 1.928.983
Shareholders' equity + Equalization
1.803.996 1.974.993
------------------------------------------------------------------------
RATING EXPLANATIONS
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |