MIRA
INFORM REPORT
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Report Date : |
22.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Dianco Bvba |
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Registered Office : |
Hoveniersstraat 2 PB 30, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01/07/1984 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in diamonds. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Average 15 days beyond terms |
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Litigation : |
Clear |
name & address
Dianco Bvba
Hoveniersstraat 2
PB 30
2018 ANTWERPEN
Tel.:+32
(0)3-2329827
Fax.:+32
(0)3-2319683
Legal status
Private limited company
Founded
01/07/1984 as BVBA
Trade register
52241370
Capital
Nominal EUR 5.250.919,--
issued and paid up EUR 5.250.919,--
Management
MEHTA Manoj
MEHTA Dilikumar
Activity
Wholesale business in diamonds.
Staff
3 employees
Turnover
Net turnover
2006 Euro 87.913.009
2005 Euro 150.727.989
2004 Euro 125.516.003
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 114.006
2005 Euro 117.997
2004 Euro 114.998
The shareholders equity was as of:
31/12/2006 Euro 6.133.010
31/12/2005 Euro 997.995
31/12/2004 Euro 882.005
The working capital was
as of:
31/12/2006 Euro 7.087.995
31/12/2005 Euro 2.147.997
31/12/2004 Euro 1.747.005
Banks
Antwerpse Diamantbank
VAT-nr.
BE425866919
Mode of payment
On average 15 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Dianco Bvba
Hoveniersstraat 2
PB 30, 2018 ANTWERPEN
Trade register 52241370
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Dianco
Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 0 0
Tangible
assets 838.004 787.012
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 838.004 787.012
Stock 5.615.011 9.422.011
Receivables 42.906.998 32.438.975
Shares 0 0
Liquid
assets 879.997 2.720.012
Miscellaneous
current assets 0 0
Total current assets 49.402.006 44.580.998
Shareholders equity 997.995 6.133.010
Provisions 28.012 26.996
Long-term
liabilities 1.959.995 1.715.002
Current
liabilities 47.254.009 37.493.003
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 50.211.999 45.341.015
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Dianco
Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 150.727.989 87.913.009
Other
income 55.999 11.998
Total
expenses 149.082.992 86.379.019
Operating
profit 1.700.996 1.545.988
Balance
financial P/L -1.513.985 -1.372.983
Net
profit/loss 1] 187.011 173.005
Taxation 79.004 291.002
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 108.007 -117.997
Balance
extraordinary P/L 6.991 992
Taxation 0 0
Extraordinary
P/L 2] 6.991 992
Res.
sub. companies 2] 0 0
Minority
interests 2.008 0
Miscellaneous
P/L 0 0
Net
result 117.997 114.006
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Legend
: 1] = Before tax
2] = After tax
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Dianco
Bvba *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 2 13,5
Equity/outside
capital 2 15,6
LIQUIDITY
Current
ratio 1 1,2
Acid
test 0,9 0,9
RATES
OF RETURN %
Total
assets 0,4 0,4
Shareholders equity 18,7 2,8
Pre
tax margin % 0,1 0,2
Turnover
rate 300 193,8
(x 1) (x 1)
-------------------- --------------------
Working
capital 2.147.997 7.087.995
Shareholders equity + Equalization acc. 997.995 6.133.010
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)