MIRA INFORM REPORT

 

 

Report Date :

17.11.2006

 

IDENTIFICATION DETAILS

 

Name :

DIAROUGH EUROPEAN SALES

 

 

Registered Office :

Hoveniersstraat 30, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Date of Incorporation :

08.07.1996

 

 

Com. Reg. No.:

317552

 

 

Legal Form :

Private Company Limited By Shares

 

 

Line of Business :

Wholesale of miscellaneous intermediate products.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

219500 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name

 

DIAROUGH EUROPEAN SALES

 

 

address

 

HOVENIERSSTRAAT 30

2018 ANTWERPEN BE

Tel. Number       +32-3-2342424

Fax number       +32-3-2323931

 

 

Business founded

08 July 1996

Business registered

30 July 1996 - Private company limited by shares

Business last updated

31 December 2005

Registration number,

317552, ANTWERPEN,

Value Added Tax number,

BE458427938,

Judicial form

Private company limited by shares

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 219500 EUR is advised

 

Cash situation (balance sheet analysis) : Limited 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual

obligations) : Currently fulfilled 

 

Payment defaults : None 

Employees (Business)

 17

Total share capital31 December 2005

EUR 1537000,00

Bank

ABN AMRO BANK (BELGIUM)   

Boardmembers

PARIKH NISHIT MAHENDRA    Chairman and managing director

 

TAKSALI PRADEEP    Boardmember

Management

DIAROUGH    Partner

 

EGON HOLDINGS    Partner

 

TOELEN LUC    Representative and auditor

Auditor

TCLM TOELEN CATS MORLIE & CO    Auditors´ president

(Part-) Owner

414865337   DIAROUGH   25,00 %   

 

 

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 87.655.000,00

 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

34.483.000,-

Total fixed assets

28.000,-

Total tangible fixed assets

28.000,-

Plant, machinery and equipment

1.000,-

Total Current assets

34.455.000,-

Inventories and work in progress (incl. prepayments)

24.076.000,-

Accounts receivable (trade)

10.372.000,-

Cash in hand and at bank

2.000,-

Total accrued income and prepaid expenses

5.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

34.483.000,-

Total equity (Shareholders' funds)

2.023.000,-

Issued (subscribed) capital

1.537.000,-

Profit reserves

332.000,-

Legal reserves

154.000,-

Total liabilities

32.460.000,-

Total current liabilities

32.250.000,-

Current accounts payable (trade)

18.869.000,-

Current liabilities to credit institutions

5.945.000,-

Income and social tax liabilities

242.000,-

Total accrued expenses and deferred income

210.000,-

 

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

88.362.000,-

Main revenue (sales/turnover)

87.655.000,-

Total operating expenses

-86.802.000,-

Cost of materials (type of expenditure format)

83.841.000,-

Cost of goods sold (operational format)

86.802.000,-

Gross profit or loss after cost of materials or after cost of goods sold

1.560.000,-

Personnel costs

1.034.000,-

Depreciation

18.000,-

Operating profit or loss

1.560.000,-

Financial income

5.650.000,-

Financial expenses

-7.121.000,-

Result of ordinary operations

89.000,-

Extraordinary result

89.000,-

Taxes

-41.000,-

Net profit or loss

48.000,-

Borrowing ratio

1604,55 %

Current ratio

106,14 %

Profit margin.

1,96 %

Quick ratio

32,16 %

Return on assets

2,27 %

Return on equity.

2,37 %

Solidity or equity ratio

5,86 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004  in  EUR 79.789.000,00

 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

37.673.000,-

Total fixed assets

46.000,-

Total tangible fixed assets

46.000,-

Plant, machinery and equipment

2.000,-

Total Current assets

37.627.000,-

Inventories and work in progress (incl. prepayments)

24.966.000,-

Accounts receivable (trade)

9.777.000,-

Cash in hand and at bank

2.880.000,-

Total accrued income and prepaid expenses

4.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

37.673.000,-

Total equity (Shareholders' funds)

1.975.000,-

Issued (subscribed) capital

1.537.000,-

Profit reserves

284.000,-

Legal reserves

154.000,-

Total liabilities

35.698.000,-

Total current liabilities

35.458.000,-

Current accounts payable (trade)

27.220.000,-

Current liabilities to credit institutions

2.018.000,-

Income and social tax liabilities

222.000,-

Total accrued expenses and deferred income

240.000,-

 

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

79.876.000,-

Main revenue (sales/turnover)

79.789.000,-

Total operating expenses

-79.542.000,-

Cost of materials (type of expenditure format)

77.014.000,-

Cost of goods sold (operational format)

79.542.000,-

Gross profit or loss after cost of materials or after cost of goods sold

334.000,-

Personnel costs

997.000,-

Depreciation

19.000,-

Operating profit or loss

334.000,-

Financial income

2.932.000,-

Financial expenses

-3.058.000,-

Result of ordinary operations

208.000,-

Extraordinary result

208.000,-

Taxes

-89.000,-

Net profit or loss

119.000,-

Borrowing ratio

1807,49 %

Current ratio

105,40 %

Profit margin.

0,58 %

Quick ratio

35,69 %

Return on assets

1,73 %

Return on equity.

6,02 %

Solidity or equity ratio

5,24 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003  in  EUR 28.920.000,00

 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

20.727.000,-

Total fixed assets

63.000,-

Total tangible fixed assets

63.000,-

Plant, machinery and equipment

1.000,-

Total Current assets

20.664.000,-

Inventories and work in progress (incl. prepayments)

14.036.000,-

Accounts receivable (trade)

6.617.000,-

Cash in hand and at bank

7.000,-

Total accrued income and prepaid expenses

4.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

20.727.000,-

Total equity (Shareholders' funds)

1.856.000,-

Issued (subscribed) capital

1.537.000,-

Profit reserves

165.000,-

Legal reserves

154.000,-

Total liabilities

18.871.000,-

Total long-term liabilities

6.148.000,-

Long-term Loans, Mortgage debts

6.148.000,-

Total current liabilities

12.628.000,-

Current accounts payable (trade)

10.219.000,-

Current liabilities to credit institutions

1.168.000,-

Income and social tax liabilities

125.000,-

Total accrued expenses and deferred income

95.000,-

 

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

28.942.000,-

Main revenue (sales/turnover)

28.920.000,-

Total operating expenses

-28.940.000,-

Cost of materials (type of expenditure format)

28.092.000,-

Cost of goods sold (operational format)

28.940.000,-

Gross profit or loss after cost of materials or after cost of goods sold

2.000,-

Personnel costs

308.000,-

Depreciation

9.000,-

Operating profit or loss

2.000,-

Financial income

1.914.000,-

Financial expenses

-1.831.000,-

Result of ordinary operations

85.000,-

Extraordinary income

2.000,-

Extraordinary result

87.000,-

Taxes

-35.000,-

Net profit or loss

52.000,-

Borrowing ratio

1016,76 %

Current ratio

162,41 %

Debt gearing

331,25 %

Profit margin.

0,03 %

Quick ratio

52,45 %

Return on assets

0,97 %

Return on equity.

2,80 %

Solidity or equity ratio

8,95 %

 

 

 

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

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

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

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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