MIRA
INFORM REPORT
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Report Date : |
22.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Rosediam Bvba |
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Registered Office : |
Hoveniersstraat 2, 2018 ANTWERPEN |
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Country : |
Belgium |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01/01/1985 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and export of 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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Rosediam Bvba
Hoveniersstraat 2
2018 ANTWERPEN
Tel.:+32
(0)3-2342475
Fax.:+32
(0)3-2261908
Legal status
Private limited company
Founded
01/01/1985, BVBA since 06/02/1990
Trade register
52250130
Capital
nominal EUR 19.000,--
issued and paid up EUR 19.000,--
Management
SANGHVI Anilkumar
KANKARIYA A.
JAIN Rajendrakumar P.
Activity
Import and export of diamonds.
Staff
1 employee.
Turnover
Net
turnover:
2007 Euro 36.678.995
2006 Euro 33.910.000
2005 Euro 41.259.993
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:
2007 Euro 47.992
2006 Euro 3.991
2005 Euro 41.993
The shareholders equity was as of:
31/03/2007 Euro 2.101.988
31/03/2006 Euro 649.010
31/03/2005 Euro 644.994
The working capital was
as of:
31/03/2007 Euro 1.644.997
31/03/2006 Euro 176.995
31/03/2005 Euro 165.990
Other bankers:
Antwerpse Diamantbank
Accountants:
BVBA Westen-Francois & Co
Octaaf Soudanstraat 22
9051 GENT
Import: India.
Export: Europe.
Banks
not known
VAT-nr.
BE427999929
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Rosediam Bvba
Hoveniersstraat 2,
2018 ANTWERPEN
Trade register 52250130
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Rosediam
Bvba *** BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-03-2006--- ------31-03-2007---
Intangible
assets 0 0
Tangible
assets 476.005 455.009
Financial
assets 3.991 3.991
Miscellaneous
fixed assets 0 0
Total fixed assets 479.996 459.000
Stock 5.757.005 6.684.994
Receivables 10.329.995 8.977.018
Shares 0 0
Liquid
assets 50.992 58.999
Miscellaneous
current assets 0 0
Total current assets 16.137.992 15.721.011
Shareholders equity 649.010 2.101.988
Provisions 0 0
Long-term
liabilities 8.007 2.008
Current
liabilities 15.960.997 14.076.014
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 16.618.013 16.179.985
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Rosediam
Bvba *** PROFIT & LOSS ACCOUNT
***
Corporate
in Euro(x 1) Euro(x 1)
---31-03-2006--- ------31-03-2007---
Turnover 33.910.000 36.678.995
Other
income 0 992
Total
expenses 33.097.008 36.202.024
Operating
profit 812.992 477.988
Balance
financial P/L -805.009 -455.009
Net
profit/loss 1] 8.007 23.005
Taxation 3.991 70.997
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 4.016 -47.992
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary
P/L 2] 0 0
Res.
sub. companies 2] 0 0
Minority
interests 0 0
Miscellaneous
P/L 0 0
Net
result 3.991 47.992
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Legend
: 1] = Before tax
2] = After tax
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Rosediam
Bvba *** FINANCIAL RATIOS ***
-----2006----- -----2007-----
EQUITY %
Equity
gearing 3,9 13
Equity/outside
capital 4,1 14,9
LIQUIDITY
Current
ratio 1 1,1
Acid
test 0,7 0,6
RATES
OF RETURN %
Total
assets 0 0,1
Shareholders equity 1,2 1,1
Pre
tax margin % 0 0,1
Turnover
rate 204,1 226,7
(x 1) (x 1)
-------------------- --------------------
Working
capital 176.995 1.644.997
Shareholders equity + Equalization acc. 649.010 2.101.988
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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%)