MIRA
INFORM REPORT
|
Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
CENTURY
DIAMONDS |
|
|
|
|
Registered Office : |
Hoveniersstraat
53 B.79, 2018 Antwerpen Be |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
25.05.2000 |
|
|
|
|
Com. Reg. No.: |
339253, ANTWERPEN |
|
|
|
|
Legal Form : |
Private Company With Limited Liability |
|
|
|
|
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 : |
248000 EUR |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Company name
CENTURY DIAMONDS
HOVENIERSSTRAAT 53
B.79
2018 ANTWERPEN BE
Tel. Number +32-3-2137725
Fax number +32-3-2137788
Business founded
19
October 1999
Business registered
25 May
2000 - Private company with limited liability
Business last updated
31
December 2005
Registration number
339253,
ANTWERPEN
Value Added Tax number
BE467165064
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 :248000 EUR is
advised
Cash situation
(balance sheet analysis)
: Normal
Profitability
(balance sheet analysis) : Low
Commitments (regarding
contractual obligations) : Currently fulfilled
Payment
defaults : None
Employees (Business)
9
Total share capital
31
December 2005 EUR 3500000,00
Bank
BANQUE
DIAMANTAIRE ANVERSOISE
Boardmembers
RAYANI
KARIM Manager
KOTHARI
RAJ PRAVIN Manager
DIWAN
MIHIR RAMESHCHANDRA Manager
Management
RAYANI
KARIM Partner
KOTHARI
RAJ PRAVIN Partner
NOVIN
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 0,00 |
|
|
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 |
91.570.719,- |
|
Total fixed assets |
3.194,- |
|
Total tangible fixed assets |
3.194,- |
|
Plant, machinery and equipment |
3.194,- |
|
Total Current assets |
91.567.525,- |
|
Inventories and work in progress (incl.
prepayments) |
33.695.818,- |
|
Accounts receivable (trade) |
57.813.125,- |
|
Cash in hand and at bank |
58.582,- |
|
Total equity, provisions, liabilities, accrued
expenses and deferred income |
91.570.719,- |
|
Total equity (Shareholders' funds) |
5.279.302,- |
|
Issued (subscribed) capital |
3.500.000,- |
|
Legal reserves |
350.000,- |
|
Profit or loss carried forward |
1.429.302,- |
|
Total liabilities |
86.291.417,- |
|
Total current liabilities |
86.291.417,- |
|
Current accounts payable (trade) |
77.987.455,- |
|
Current liabilities to credit institutions |
7.723.253,- |
|
Income and social tax liabilities |
454.026,- |
|
|
|
|
PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2005 in
EUR |
|
|
Cost of goods sold (operational format) |
395.435,- |
|
Personnel costs |
394.235,- |
|
Depreciation |
799,- |
|
Operating profit or loss |
1.345.452,- |
|
Financial income |
463.567,- |
|
Financial expenses |
-601.591,- |
|
Result of ordinary operations |
1.207.428,- |
|
Extraordinary result |
1.207.428,- |
|
Taxes |
-428.000,- |
|
Net profit or loss |
779.428,- |
|
Borrowing ratio |
1634,52 % |
|
Current ratio |
106,11 % |
|
Quick ratio |
67,06 % |
|
Return on assets |
1,97 % |
|
Return on equity. |
14,76 % |
|
Solidity or equity ratio |
5,76 % |
|
|
|
|
PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2004 in EUR 103.645.764,00 |
|
|
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 |
31.219.629,- |
|
Total Current assets |
31.219.629,- |
|
Inventories and work in progress (incl.
prepayments) |
18.736.624,- |
|
Accounts receivable (trade) |
12.434.112,- |
|
Cash in hand and at bank |
48.893,- |
|
Total equity, provisions, liabilities, accrued
expenses and deferred income |
31.219.629,- |
|
Total equity (Shareholders' funds) |
4.499.874,- |
|
Issued (subscribed) capital |
3.500.000,- |
|
Legal reserves |
350.000,- |
|
Profit or loss carried forward |
649.874,- |
|
Total liabilities |
26.719.755,- |
|
Total current liabilities |
26.719.755,- |
|
Current accounts payable (trade) |
18.815.091,- |
|
Current liabilities to credit institutions |
7.461.600,- |
|
Income and social tax liabilities |
320.255,- |
|
|
|
|
PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2004 in
EUR |
|
|
Main revenue (sales/turnover) |
103.645.764,- |
|
Cost of goods sold (operational format) |
103.986.797,- |
|
Personnel costs |
254.136,- |
|
Operating profit or loss |
-319.086,- |
|
Financial income |
1.786.067,- |
|
Financial expenses |
-334.662,- |
|
Result of ordinary operations |
1.132.319,- |
|
Extraordinary result |
1.132.319,- |
|
Taxes |
-429.726,- |
|
Net profit or loss |
702.593,- |
|
Borrowing ratio |
593,79 % |
|
Current ratio |
116,84 % |
|
Profit margin. |
-0,30 % |
|
Quick ratio |
46,71 % |
|
Return on assets |
4,69 % |
|
Return on equity. |
15,61 % |
|
Solidity or equity ratio |
14,41 % |
|
|
|
|
PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2003 in EUR 126.779.717,00 |
|
|
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 |
27.679.672,- |
|
Total Current assets |
27.679.672,- |
|
Inventories and work in progress (incl.
prepayments) |
13.774.118,- |
|
Accounts receivable (trade) |
13.895.155,- |
|
Cash in hand and at bank |
10.399,- |
|
Total equity, provisions, liabilities, accrued
expenses and deferred income |
27.679.672,- |
|
Total equity (Shareholders' funds) |
3.797.281,- |
|
Issued (subscribed) capital |
3.500.000,- |
|
Legal reserves |
297.281,- |
|
Total liabilities |
23.882.391,- |
|
Total current liabilities |
23.882.391,- |
|
Current accounts payable (trade) |
15.787.089,- |
|
Current liabilities to credit institutions |
7.802.795,- |
|
Income and social tax liabilities |
251.672,- |
|
|
|
|
PER, period that the financial account covers for
not consolidated profit and loss account.: 00 0000 - 31 December 2003 in
EUR |
|
|
Main revenue (sales/turnover) |
126.779.717,- |
|
Cost of goods sold (operational format) |
132.418.019,- |
|
Personnel costs |
71.031,- |
|
Operating profit or loss |
-5.572.576,- |
|
Financial income |
6.233.659,- |
|
Financial expenses |
-198.986,- |
|
Result of ordinary operations |
462.097,- |
|
Extraordinary result |
462.097,- |
|
Taxes |
-164.816,- |
|
Net profit or loss |
297.281,- |
|
Borrowing ratio |
628,93 % |
|
Current ratio |
115,89 % |
|
Profit margin. |
-4,39 % |
|
Quick ratio |
58,22 % |
|
Return on assets |
2,38 % |
|
Return on equity. |
7,82 % |
|
Solidity or equity ratio |
13,71 % |
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 |
|