MIRA INFORM REPORT

 

 

Report Date :

17.04.2007

 

IDENTIFICATION DETAILS

 

Name :

SHREE DIMON

 

 

Registered Office :

Hoveniersstraat 12 B.9, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

13 June 2003

 

 

Com. Reg. No.:

6572, KBO – BCE

 

 

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 :

5000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

SHREE DIMON

HOVENIERSSTRAAT 12 B.9

2018 ANTWERPEN BE

Tel. Number +32-3-2326893

 

 

Business founded

13 June 2003

Business registered

23 June 2003 - Private company with limited liability

Business last updated

31 December 2005

Registration number,

6572, KBO - BCE,

Value Added Tax number,

BE860762954,

Judicial form

Private company with limited lability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 5000 EUR is advised

 

Cash situation (balance sheet analysis) : Normal 

 

Profitability (balance sheet analysis) : Good 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital31 December 2005

EUR 18600,00

Bank

RESERVED N°   

Boardmembers

DEVANI SHASHIKANT POPATLAL    Manager

Management

DEVANI SHASHIKANT POPATLAL    Partner

 

MEHTA RAJKUMAR NITIN    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 1.779.730,00

 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

1.092.490,-

Total fixed assets

31.616,-

Total tangible fixed assets

31.616,-

Plant, machinery and equipment

2.055,-

Total Current assets

1.060.874,-

Inventories and work in progress (incl. prepayments)

829.217,-

Accounts receivable (trade)

216.413,-

Cash in hand and at bank

11.702,-

Total accrued income and prepaid expenses

3.542,-

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

1.092.490,-

Total equity (Shareholders' funds)

43.349,-

Issued (subscribed) capital

18.600,-

Profit reserves

22.989,-

Legal reserves

1.760,-

Total liabilities

1.049.141,-

Total long-term liabilities

19.328,-

Total current liabilities

1.029.813,-

Current accounts payable (trade)

420.224,-

Income and social tax liabilities

30.348,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2005  in  EUR 

Main revenue (sales/turnover)

1.779.730,-

Cost of goods sold (operational format)

1.654.885,-

Depreciation

2.111,-

Operating profit or loss

126.024,-

Financial income

127.572,-

Financial expenses

-251.213,-

Result of ordinary operations

2.383,-

Extraordinary result

2.383,-

Taxes

-1.184,-

Net profit or loss

1.199,-

Borrowing ratio

2420,22 %

Current ratio

103,01 %

Debt gearing

44,59 %

Profit margin.

7,19 %

Quick ratio

22,15 %

Return on assets

23,40 %

Return on equity.

2,76 %

Solidity or equity ratio

3,96 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004  in  EUR 2.355.926,00

 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

1.459.364,-

Total fixed assets

5.539,-

Total tangible fixed assets

5.539,-

Plant, machinery and equipment

2.856,-

Total Current assets

1.453.825,-

Inventories and work in progress (incl. prepayments)

1.117.486,-

Accounts receivable (trade)

237.444,-

Cash in hand and at bank

96.850,-

Total accrued income and prepaid expenses

2.045,-

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

1.459.364,-

Total equity (Shareholders' funds)

42.149,-

Issued (subscribed) capital

18.600,-

Profit reserves

21.849,-

Legal reserves

1.700,-

Total liabilities

1.417.215,-

Total current liabilities

1.417.215,-

Current accounts payable (trade)

907.183,-

Income and social tax liabilities

12.100,-

 

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)

2.355.926,-

Cost of goods sold (operational format)

2.458.831,-

Depreciation

686,-

Operating profit or loss

-102.905,-

Financial income

302.308,-

Financial expenses

-170.837,-

Result of ordinary operations

28.566,-

Extraordinary result

28.566,-

Taxes

-9.700,-

Net profit or loss

18.866,-

Borrowing ratio

3362,39 %

Current ratio

102,58 %

Profit margin.

-4,33 %

Quick ratio

23,58 %

Return on assets

13,71 %

Return on equity.

44,76 %

Solidity or equity ratio

2,88 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003  in  EUR 658.846,00

 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

863.705,-

Total fixed assets

1.079,-

Total tangible fixed assets

1.079,-

Plant, machinery and equipment

1.079,-

Total Current assets

862.626,-

Inventories and work in progress (incl. prepayments)

328.015,-

Accounts receivable (trade)

456.500,-

Cash in hand and at bank

78.111,-

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

863.705,-

Total equity (Shareholders' funds)

23.284,-

Issued (subscribed) capital

18.600,-

Profit reserves

3.984,-

Legal reserves

700,-

Total liabilities

840.421,-

Total current liabilities

840.421,-

Current accounts payable (trade)

231.836,-

Income and social tax liabilities

2.400,-

 

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)

658.846,-

Cost of goods sold (operational format)

681.467,-

Depreciation

120,-

Operating profit or loss

-22.621,-

Financial income

82.409,-

Financial expenses

-52.704,-

Result of ordinary operations

7.084,-

Extraordinary result

7.084,-

Taxes

-2.400,-

Net profit or loss

4.684,-

Borrowing ratio

3609,44 %

Current ratio

102,64 %

Profit margin.

-3,41 %

Quick ratio

63,61 %

Return on assets

6,93 %

Return on equity.

20,11 %

Solidity or equity ratio

2,69 %

 

 

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

 

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions