MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
D-GOLDI
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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 : |
12.07.1996 |
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Com. Reg. No.: |
317253, ANTWERPEN |
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Legal Form : |
Private company with limited liability |
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Line of Business : |
Wholesale
of miscellaneous intermediate products |
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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Maximum Credit Limit : |
185000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
D-GOLDI
HOVENIERSSTRAAT
30
2018 ANTWERPEN BE
Tel.
Number :+32-3-2336058
Fax
number :+32-3-2336058
Business founded
19 June
1996
Business registered
12 July
1996 - Private company with limited liability
Business last updated
31
December 2005
Registration number
317253,
ANTWERPEN
Value Added Tax number
BE458259771
Judicial form
Private
company with limited liability
Activities
Wholesale
of miscellaneous intermediate products
Payment experience
No
complaints have been registered
Credit opinion
Credit
opinion
Maximum
credit limit 185000 EUR is advised
Cash
situation (balance sheet analysis) : Limited
Profitability
(balance sheet analysis) : Low
Commitments
(regarding contractual obligations)
: Currently fulfilled
Payment
defaults : None
Employees (Business)
0
Total share capital
31
December 2005 EUR 19000,00
Bank
BANQUE
DIAMANTAIRE ANVERSOISE
Boardmembers
NAROLA
DINESH VASARAMBHAI Manager
PATEL
GIRISHKUMAR HARILAL Manager
Management
NAROLA
DINESH VASARAMBHAI Partner
NAROLA
MUKTA Partner
FRANCOIS
PHILIPPE Representative and auditor
Auditor
WESTEN,
FRANCOIS & CO, BEDRIJFSREVISOREN Auditors´ president
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The business owns or partly owns one or more
pieces of land and buildings? Yes(Property) |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2005 in EUR 45.131.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
18.392.000,- |
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Total fixed assets |
419.000,- |
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Total tangible fixed assets |
418.000,- |
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Land and buildings |
302.000,- |
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Plant, machinery and equipment |
76.000,- |
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Total financial fixed assets |
1.000,- |
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Investments (long-term) |
1.000,- |
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Total Current assets |
17.973.000,- |
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Inventories and work in progress (incl.
prepayments) |
1.399.000,- |
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Accounts receivable (trade) |
16.475.000,- |
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Cash in hand and at bank |
91.000,- |
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Total accrued income and prepaid expenses |
8.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
18.392.000,- |
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Total equity (Shareholders' funds) |
291.000,- |
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Issued (subscribed) capital |
19.000,- |
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Profit reserves |
270.000,- |
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Legal reserves |
2.000,- |
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Total liabilities |
18.101.000,- |
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Total long-term liabilities |
1.816.000,- |
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Long-term Loans, Mortgage debts |
1.610.000,- |
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Long-term liabilities to credit institutions |
206.000,- |
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Total current liabilities |
16.285.000,- |
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Current accounts payable (trade) |
11.844.000,- |
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Current liabilities to credit institutions |
4.347.000,- |
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Income and social tax liabilities |
10.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
45.167.000,- |
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Main revenue (sales/turnover) |
45.131.000,- |
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Total operating expenses |
-44.332.000,- |
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Cost of materials (type of expenditure format) |
44.093.000,- |
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Cost of goods sold (operational format) |
44.332.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
835.000,- |
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Personnel costs |
29.000,- |
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Depreciation |
35.000,- |
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Operating profit or loss |
835.000,- |
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Financial income |
2.606.000,- |
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Financial expenses |
-3.350.000,- |
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Result of ordinary operations |
91.000,- |
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Extraordinary result |
91.000,- |
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Taxes |
-28.000,- |
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Net profit or loss |
63.000,- |
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Borrowing ratio |
6220,27 % |
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Current ratio |
110,36 % |
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Debt gearing |
624,05 % |
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Profit margin. |
1,92 % |
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Quick ratio |
101,72 % |
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Return on assets |
2,33 % |
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Return on equity. |
21,64 % |
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Solidity or equity ratio |
1,58 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2004 in EUR 26.558.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2004 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
9.822.000,- |
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Total fixed assets |
453.000,- |
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Total tangible fixed assets |
452.000,- |
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Land and buildings |
311.000,- |
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Plant, machinery and equipment |
91.000,- |
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Total financial fixed assets |
1.000,- |
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Investments (long-term) |
1.000,- |
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Total Current assets |
9.369.000,- |
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Inventories and work in progress (incl.
prepayments) |
1.293.000,- |
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Accounts receivable (trade) |
8.066.000,- |
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Cash in hand and at bank |
9.000,- |
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Total accrued income and prepaid expenses |
1.000,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
9.822.000,- |
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Total equity (Shareholders' funds) |
228.000,- |
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Issued (subscribed) capital |
19.000,- |
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Profit reserves |
207.000,- |
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Legal reserves |
2.000,- |
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Total liabilities |
9.594.000,- |
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Total long-term liabilities |
1.413.000,- |
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Long-term liabilities to credit institutions |
238.000,- |
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Total current liabilities |
8.181.000,- |
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Current accounts payable (trade) |
4.242.000,- |
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Current liabilities to credit institutions |
3.604.000,- |
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Income and social tax liabilities |
38.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2004 in
EUR |
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Total operating income/revenue |
26.576.000,- |
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Main revenue (sales/turnover) |
26.558.000,- |
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Total operating expenses |
-26.229.000,- |
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Cost of materials (type of expenditure format) |
25.974.000,- |
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Cost of goods sold (operational format) |
26.229.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
347.000,- |
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Personnel costs |
42.000,- |
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Depreciation |
27.000,- |
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Operating profit or loss |
347.000,- |
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Financial income |
2.616.000,- |
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Financial expenses |
-2.901.000,- |
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Result of ordinary operations |
62.000,- |
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Extraordinary income |
32.000,- |
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Extraordinary expenses |
-24.000,- |
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Extraordinary result |
70.000,- |
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Taxes |
-21.000,- |
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Net profit or loss |
49.000,- |
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Borrowing ratio |
4207,89 % |
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Current ratio |
114,52 % |
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Debt gearing |
619,74 % |
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Profit margin. |
1,40 % |
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Quick ratio |
98,70 % |
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Return on assets |
3,50 % |
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Return on equity. |
21,49 % |
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Solidity or equity ratio |
2,32 % |
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PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2003 in EUR 27.981.000,00 |
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Not consolidated profit and loss turnover
of the business: |
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PER, period that the financial account covers for
not consolidated balance sheet.: 00 0000 - 31 December 2003 in
EUR |
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Total assets incl. prepaid expenses and accrued
income |
9.731.000,- |
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Total fixed assets |
456.000,- |
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Total tangible fixed assets |
455.000,- |
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Land and buildings |
319.000,- |
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Plant, machinery and equipment |
104.000,- |
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Total financial fixed assets |
1.000,- |
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Investments (long-term) |
1.000,- |
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Total Current assets |
9.275.000,- |
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Inventories and work in progress (incl.
prepayments) |
1.387.000,- |
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Accounts receivable (trade) |
7.876.000,- |
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Cash in hand and at bank |
10.000,- |
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Total accrued income and prepaid expenses |
2.000,- |
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Total equity, provisions, liabilities, accrued expenses
and deferred income |
9.731.000,- |
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Total equity (Shareholders' funds) |
179.000,- |
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Issued (subscribed) capital |
19.000,- |
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Profit reserves |
158.000,- |
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Legal reserves |
2.000,- |
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Total liabilities |
9.552.000,- |
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Total long-term liabilities |
1.538.000,- |
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Long-term liabilities to credit institutions |
271.000,- |
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Total current liabilities |
8.014.000,- |
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Current accounts payable (trade) |
3.929.000,- |
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Current liabilities to credit institutions |
3.710.000,- |
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Income and social tax liabilities |
57.000,- |
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PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2003 in
EUR |
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Total operating income/revenue |
28.002.000,- |
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Main revenue (sales/turnover) |
27.981.000,- |
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Total operating expenses |
-27.937.000,- |
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Cost of materials (type of expenditure format) |
27.720.000,- |
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Cost of goods sold (operational format) |
27.937.000,- |
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Gross profit or loss after cost of materials or
after cost of goods sold |
65.000,- |
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Personnel costs |
40.000,- |
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Depreciation |
23.000,- |
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Operating profit or loss |
65.000,- |
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Financial income |
4.116.000,- |
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Financial expenses |
-4.115.000,- |
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Result of ordinary operations |
66.000,- |
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Extraordinary result |
66.000,- |
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Taxes |
-25.000,- |
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Net profit or loss |
41.000,- |
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Borrowing ratio |
5336,31 % |
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Current ratio |
115,73 % |
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Debt gearing |
859,22 % |
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Profit margin. |
0,31 % |
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Quick ratio |
98,40 % |
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Return on assets |
3,08 % |
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Return on equity. |
22,90 % |
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Solidity or equity ratio |
1,83 % |
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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