MIRA INFORM REPORT

 

 

Report Date :

31.07.2007

 

IDENTIFICATION DETAILS

 

Name :

J.K. DIAM

 

 

Registered Office :

Hoveniersstraat 2 B.536, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

22 October 1992

 

 

Com. Reg. No.:

292877

 

 

Legal Form :

Private company with limited liability

 

 

Line of Business :

Wholesale of miscellaneous intermediate products

 

 

RATING & COMMENTS

 

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

 

Maximum Credit Limit :

15500 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

J.K. DIAM

HOVENIERSSTRAAT 2 B.536

2018 ANTWERPEN BE

Tel. Number       +32-3-2261601

 

 

Business founded

22 October 1992

Business registered

17 November 1992 - Private company with limited liability

Registration number,

292877, ANTWERPEN,

VAT number,

BE448492366,

Legal 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 15500 EUR is advised

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital31 December 2005

EUR 18592,00

Branch office(s)

VAN LERIUSSTRAAT 18,2018 ANTWERPEN   

Bank

ABN AMRO BANK   

Board members

PATEL PRAVINCHANDRA    Manager

Management

PATEL MANSUKHLAL VALLABHDAS    Partner

 

PATEL PARESHBHAI KANJI BHAI    Partner

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.696.361,-

Total fixed assets

1.781,-

Total financial fixed assets

1.781,-

Total Current assets

1.694.580,-

Inventories and work in progress (incl. prepayments)

679.614,-

Accounts receivable (trade)

995.507,-

Cash in hand and at bank

19.459,-

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

1.696.361,-

Total equity (Shareholders' funds)

53.560,-

Issued (subscribed) capital

18.592,-

Profit reserves

47.729,-

Legal reserves

1.859,-

Profit or loss carried forward

-14.620,-

Total liabilities

1.642.801,-

Total current liabilities

1.642.801,-

Current accounts payable (trade)

1.635.301,-

Income and social tax liabilities

7.500,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Cost of goods sold (operational format)

396,-

Operating profit or loss

182.159,-

Financial income

122.392,-

Financial expenses

-284.679,-

Result of ordinary operations

19.872,-

Extraordinary result

19.872,-

Taxes

-7.500,-

Net profit or loss

12.372,-

Borrowing ratio

3067,22 %

Current ratio

103,15 %

Quick ratio

61,78 %

Return on assets

17,95 %

Return on equity.

23,09 %

Solidity or equity ratio

3,15 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

89.445,-

Total fixed assets

131,-

Total financial fixed assets

131,-

Total Current assets

89.314,-

Inventories and work in progress (incl. prepayments)

47.489,-

Accounts receivable (trade)

39.454,-

Cash in hand and at bank

2.322,-

Total accrued income and prepaid expenses

49,-

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

89.445,-

Total equity (Shareholders' funds)

41.188,-

Issued (subscribed) capital

18.592,-

Profit reserves

47.730,-

Legal reserves

1.859,-

Profit or loss carried forward

-26.993,-

Total liabilities

48.257,-

Total current liabilities

48.257,-

Current accounts payable (trade)

47.682,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Cost of goods sold (operational format)

235,-

Operating profit or loss

-3.497,-

Financial income

2.195,-

Financial expenses

-3.125,-

Result of ordinary operations

-4.427,-

Extraordinary result

-4.427,-

Net profit or loss

-4.427,-

Borrowing ratio

117,16 %

Current ratio

185,07 %

Quick ratio

86,56 %

Return on assets

-1,45 %

Return on equity.

-10,74 %

Solidity or equity ratio

46,04 %

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

46.011,-

Total fixed assets

131,-

Total financial fixed assets

131,-

Total Current assets

45.880,-

Accounts receivable (trade)

45.005,-

Cash in hand and at bank

875,-

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

46.011,-

Total equity (Shareholders' funds)

45.614,-

Issued (subscribed) capital

18.592,-

Profit reserves

47.729,-

Legal reserves

1.859,-

Profit or loss carried forward

-22.566,-

Total liabilities

397,-

Total current liabilities

397,-

Current accounts payable (trade)

335,-

Current liabilities to credit institutions

62,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Cost of goods sold (operational format)

368,-

Operating profit or loss

-2.362,-

Financial expenses

-20.349,-

Result of ordinary operations

-22.711,-

Extraordinary result

-22.711,-

Taxes

145,-

Net profit or loss

-22.566,-

Borrowing ratio

0,87 %

Current ratio

11556,67 %

Quick ratio

11556,67 %

Return on assets

-5,13 %

Return on equity.

-49,47 %

Solidity or equity ratio

99,13 %

 

 

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