MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
KRUPA DIMON BVBA |
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Registered Office : |
Hoveniersstraat 12, 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 : |
30/03/2005 |
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Legal Form : |
Private limited company |
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Line of Business : |
Trade in rough diamonds, gem stones and jewelry |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
KRUPA DIMON BVBA
Hoveniersstraat 12
2018
ANTWERPEN
Tel.:+32 (0)3-2816951
Legal status
Private limited company
Founded
30/03/2005 as BVBA
Trade register
99167076
Capital nominal
EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
SAVANI Paras S., Van Eycklei 53, 2018 Antwerpen
DHADHA Siddhartha K., Van Eycklei 10 Bus 5, 2018 Antwerpen
Activity
Trade in rough diamonds, gem stones and jewelry.
Staff
1 employee.
2006 Euro 842.706
2005 Euro 70.186
Real estate
The business premises at the mentioned address has been rented by the
company, as far as we know.
See balance sheet
Remarks
Previous name of the company:
-Samkit Diamonds
Net result:
2006 Euro 3.309
2005 Euro 457
The shareholders equity was as
of:
31/12/2006 Euro 22.366
31/12/2005 Euro 19.057
The working capital was as of:
31/12/2006 Euro 20.905
31/12/2005 Euro 19.057
The balance sheet 2005 holds 9 months.
Bank: Antwerpse Diamant Bank NV
Banks
Under remarks
VAT-nr.
BE873167076
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 :
BALANCE SHEET
Krupa Dimon Bvba
Trade register 99167076
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 0 1.461
Financial assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed
assets 0
1.461
Stock 72.823 497.009
Receivables 48.187 187.755
Shares 0 0
Liquid assets 13.029 1.827
Miscellaneous
current assets 0 0
Total current
assets 134.039 686.591
Shareholders equity 19.057 22.366
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 114.982 665.686
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total
liabilities 134.039 688.052
PROFIT & LOSS
ACCOUNT
Krupa Dimon Bvba
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 70.186 842.706
Other income 0 0
Total expenses 66.179 836.637
Operating
profit 4.007 6.069
Balance financial
P/L -3.310 -1.923
Net profit/loss
1] 697 4.146
Taxation
240 837
Share in P/L of
subsidiaries 0 0
Net profit/loss
2] 457 3.309
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
457 3.309
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
Krupa Dimon
Bvba
-----2005----- -----2006-----
EQUITY %
Equity gearing 14,2 3,3
Equity/outside
capital 16,6 3,4
LIQUIDITY
Current ratio 1,2 1
Acid test 0,5 0,3
RATES OF RETURN %
Total assets 0,5 0,6
Shareholders equity 3,7 18,5
Pre tax margin % 1 0,5
Turnover rate 52,4 122,5
(x
1) (x 1)
-------------------- --------------------
Working capital 19.057 20.905
Shareholders equity + Equalization acc. 19.057 22.366
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%)