MIRA INFORM REPORT

 

 

Report Date :

29.08.2007

 

IDENTIFICATION DETAILS

 

Name :

H.R.P. DIAM

 

 

Registered Office :

Hoveniersstraat 53 B.15, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

17 January 2002

 

 

Com. Reg. No.:

348045

 

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

H.R.P. DIAM

HOVENIERSSTRAAT 53 B.15

2018 ANTWERPEN BE

Tel. Number       +32-3-4011819

Fax number       +32-3-4011819

 

 

Business founded

17 January 2002

Business registered

13 February 2002 - Private company with limited liability

Registration number,

348045, ANTWERPEN,

VAT number,

BE476640974,

Legal form

Private company with limited liability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Cash situation (balance sheet analysis) : Normal 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Employees (Business)

 1

Total share capital31 December 2005

EUR 18600,00

Bank

ABN AMRO BANK   

Boardmembers

VANANI TUSHAR VALLABHHAI    Manager

 

VANANI HITESHKUMAR PREMJI    Manager

 

VANANI JIGNESHKUMAR    Manager

Management

VANANI HITESHKUMAR PREMJI    Partner

 

VANANI RAJUBHAI PREMJI    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 17.948.125,00

 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

6.551.763,-

Total fixed assets

137.533,-

Total tangible fixed assets

137.533,-

Land and buildings

105.332,-

Plant, machinery and equipment

10.472,-

Total Current assets

6.414.230,-

Inventories and work in progress (incl. prepayments)

2.356.669,-

Accounts receivable (trade)

4.039.458,-

Cash in hand and at bank

15.403,-

Total accrued income and prepaid expenses

2.700,-

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

6.551.763,-

Total equity (Shareholders' funds)

126.462,-

Issued (subscribed) capital

18.600,-

Profit reserves

106.002,-

Legal reserves

1.860,-

Total liabilities

6.425.301,-

Total long-term liabilities

944.696,-

Total current liabilities

5.475.335,-

Current accounts payable (trade)

2.635.220,-

Current liabilities to credit institutions

979.414,-

Income and social tax liabilities

10.575,-

Total accrued expenses and deferred income

5.270,-

 

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

Main revenue (sales/turnover)

17.948.125,-

Cost of goods sold (operational format)

35.104,-

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

17.913.021,-

Personnel costs

18.474,-

Depreciation

9.275,-

Operating profit or loss

357.144,-

Financial income

1.127.676,-

Financial expenses

-1.438.590,-

Result of ordinary operations

46.230,-

Extraordinary expenses

-3.000,-

Extraordinary result

43.230,-

Taxes

-16.555,-

Net profit or loss

26.675,-

Borrowing ratio

5080,82 %

Current ratio

117,03 %

Debt gearing

747,02 %

Profit margin.

2,04 %

Quick ratio

74,05 %

Return on assets

22,75 %

Return on equity.

21,09 %

Solidity or equity ratio

1,93 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 13.219.000,00

 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

4.181.000,-

Total fixed assets

121.000,-

Total tangible fixed assets

121.000,-

Land and buildings

108.000,-

Plant, machinery and equipment

5.000,-

Total Current assets

4.060.000,-

Inventories and work in progress (incl. prepayments)

1.397.000,-

Accounts receivable (trade)

2.437.000,-

Cash in hand and at bank

225.000,-

Total accrued income and prepaid expenses

1.000,-

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

4.181.000,-

Total equity (Shareholders' funds)

100.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

79.000,-

Legal reserves

2.000,-

Total liabilities

4.081.000,-

Total long-term liabilities

89.000,-

Long-term liabilities to credit institutions

89.000,-

Total current liabilities

3.989.000,-

Current accounts payable (trade)

1.454.000,-

Current liabilities to credit institutions

220.000,-

Income and social tax liabilities

2.000,-

Total accrued expenses and deferred income

3.000,-

 

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

Total operating income/revenue

13.225.000,-

Main revenue (sales/turnover)

13.219.000,-

Total operating expenses

-13.532.000,-

Cost of materials (type of expenditure format)

13.455.000,-

Cost of goods sold (operational format)

13.532.000,-

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

-307.000,-

Depreciation

6.000,-

Operating profit or loss

-307.000,-

Financial income

1.458.000,-

Financial expenses

-1.106.000,-

Result of ordinary operations

45.000,-

Extraordinary result

45.000,-

Taxes

-17.000,-

Net profit or loss

28.000,-

Borrowing ratio

4081,00 %

Current ratio

101,70 %

Debt gearing

89,00 %

Profit margin.

-2,27 %

Quick ratio

66,73 %

Return on assets

1,48 %

Return on equity.

28,00 %

Solidity or equity ratio

2,39 %

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 9.360.883,00

 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

4.522.411,-

Total fixed assets

124.569,-

Total tangible fixed assets

124.569,-

Land and buildings

111.127,-

Plant, machinery and equipment

4.856,-

Total Current assets

4.397.842,-

Inventories and work in progress (incl. prepayments)

1.147.141,-

Accounts receivable (trade)

3.001.139,-

Cash in hand and at bank

248.206,-

Total accrued income and prepaid expenses

1.356,-

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

4.522.411,-

Total equity (Shareholders' funds)

71.542,-

Issued (subscribed) capital

18.600,-

Profit reserves

51.082,-

Legal reserves

1.860,-

Total liabilities

4.450.869,-

Total long-term liabilities

92.495,-

Total current liabilities

4.358.374,-

Current accounts payable (trade)

2.474.293,-

Current liabilities to credit institutions

48.964,-

Income and social tax liabilities

12.500,-

 

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

Main revenue (sales/turnover)

9.360.883,-

Cost of goods sold (operational format)

7.744,-

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

9.353.139,-

Depreciation

5.178,-

Operating profit or loss

-406.607,-

Financial income

1.353.817,-

Financial expenses

-894.407,-

Result of ordinary operations

52.803,-

Extraordinary expenses

-515,-

Extraordinary result

52.288,-

Taxes

-18.000,-

Net profit or loss

34.288,-

Borrowing ratio

6221,34 %

Current ratio

100,90 %

Debt gearing

129,29 %

Profit margin.

-4,28 %

Quick ratio

74,55 %

Return on assets

21,04 %

Return on equity.

47,92 %

Solidity or equity ratio

1,58 %

 

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