MIRA INFORM REPORT

 

 

Report Date :

19.01.2007

 

IDENTIFICATION DETAILS

 

Name :

MOGULDIAM

 

 

Registered Office :

Schupstraat 9 11, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

10 March 1978

 

 

Com. Reg. No.:

212771

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Wholesale of miscellaneous intermediate products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Maximum Credit Limit :

159500 EUR

 

 

Status :

Small Company

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

name & address

 

MOGULDIAM

SCHUPSTRAAT 9 11

2018 ANTWERPEN BE

Tel. Number  +32-3-2338303

Fax number  +32-3-2312345

 

 

Business founded

10 March 1978

Business registered

07 April 1978 - Private company with limited liability

Registration number,

212771, ANTWERPEN,

Value Added Tax number,

BE418170760,

Judicial form

Private company with limited lability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 159500 EUR is advised

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Employees (Business)

 1

Total share capital31 December 2005

EUR 19000,00

Branch office(s)

SCHUPSTRAAT 9,2018 ANTWERPEN   

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Boardmembers

DUGAR VIPIN    Manager

 

JAIN VINOD    Manager

Management

DUGAR VIPIN    Decision-maker

 

FRANCOIS PHILIPPE    Representative and auditor

Auditor

WESTEN, FRANCOIS & CO, BEDRIJFSREVISOREN    Auditors´ president

 

 

 

 

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

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2005  in  EUR 20.545.000,00

 Not consolidated profit and loss turnover of the business: 

 

PER, period that the financial account covers for not consolidated balance sheet.: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

16.508.000,-

Total fixed assets

8.000,-

Total tangible fixed assets

3.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

16.500.000,-

Inventories and work in progress (incl. prepayments)

8.103.000,-

Accounts receivable (trade)

7.963.000,-

Cash in hand and at bank

428.000,-

Total accrued income and prepaid expenses

6.000,-

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

16.508.000,-

Total equity (Shareholders' funds)

240.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

219.000,-

Legal reserves

2.000,-

Total liabilities

16.268.000,-

Total current liabilities

16.267.000,-

Current accounts payable (trade)

15.491.000,-

Income and social tax liabilities

46.000,-

Total accrued expenses and deferred income

1.000,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2005  in  EUR 

Total operating income/revenue

20.580.000,-

Main revenue (sales/turnover)

20.545.000,-

Total operating expenses

-19.874.000,-

Cost of materials (type of expenditure format)

19.633.000,-

Cost of goods sold (operational format)

19.874.000,-

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

706.000,-

Personnel costs

29.000,-

Depreciation

1.000,-

Operating profit or loss

706.000,-

Financial income

4.310.000,-

Financial expenses

-4.963.000,-

Result of ordinary operations

53.000,-

Extraordinary result

53.000,-

Taxes

-19.000,-

Net profit or loss

34.000,-

Borrowing ratio

6778,33 %

Current ratio

101,42 %

Profit margin.

3,43 %

Quick ratio

51,58 %

Return on assets

0,35 %

Return on equity.

14,16 %

Solidity or equity ratio

1,45 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004  in  EUR 18.739.000,00

 Not consolidated profit and loss turnover of the business: 

 

PER, period that the financial account covers for not consolidated balance sheet.: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

12.277.000,-

Total fixed assets

9.000,-

Total tangible fixed assets

4.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

12.268.000,-

Inventories and work in progress (incl. prepayments)

3.432.000,-

Accounts receivable (trade)

8.688.000,-

Cash in hand and at bank

145.000,-

Total accrued income and prepaid expenses

3.000,-

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

12.277.000,-

Total equity (Shareholders' funds)

206.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

185.000,-

Legal reserves

2.000,-

Total liabilities

12.071.000,-

Total current liabilities

12.071.000,-

Current accounts payable (trade)

11.386.000,-

Income and social tax liabilities

31.000,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2004  in  EUR 

Total operating income/revenue

18.754.000,-

Main revenue (sales/turnover)

18.739.000,-

Total operating expenses

-18.914.000,-

Cost of materials (type of expenditure format)

18.699.000,-

Cost of goods sold (operational format)

18.914.000,-

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

-160.000,-

Personnel costs

29.000,-

Depreciation

1.000,-

Operating profit or loss

-160.000,-

Financial income

6.023.000,-

Financial expenses

-5.820.000,-

Result of ordinary operations

43.000,-

Extraordinary result

43.000,-

Taxes

-9.000,-

Net profit or loss

34.000,-

Borrowing ratio

5859,71 %

Current ratio

101,63 %

Profit margin.

-0,84 %

Quick ratio

73,17 %

Return on assets

0,42 %

Return on equity.

16,50 %

Solidity or equity ratio

1,67 %

 

PER, period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003  in  EUR 8.893.000,00

 Not consolidated profit and loss turnover of the business: 

 

PER, period that the financial account covers for not consolidated balance sheet.: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

13.841.000,-

Total fixed assets

10.000,-

Total tangible fixed assets

5.000,-

Plant, machinery and equipment

1.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

13.831.000,-

Inventories and work in progress (incl. prepayments)

8.436.000,-

Accounts receivable (trade)

5.239.000,-

Cash in hand and at bank

154.000,-

Total accrued income and prepaid expenses

2.000,-

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

13.841.000,-

Total equity (Shareholders' funds)

172.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

151.000,-

Legal reserves

2.000,-

Total liabilities

13.669.000,-

Total current liabilities

13.669.000,-

Current accounts payable (trade)

12.907.000,-

Income and social tax liabilities

32.000,-

 

PER, period that the financial account covers for not consolidated profit and loss account.: 00 0000 - 31 December 2003  in  EUR 

Total operating income/revenue

8.902.000,-

Main revenue (sales/turnover)

8.893.000,-

Total operating expenses

-10.534.000,-

Cost of materials (type of expenditure format)

10.336.000,-

Cost of goods sold (operational format)

10.534.000,-

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

-1.632.000,-

Personnel costs

28.000,-

Depreciation

2.000,-

Operating profit or loss

-1.632.000,-

Financial income

5.067.000,-

Financial expenses

-3.412.000,-

Result of ordinary operations

23.000,-

Extraordinary income

2.000,-

Extraordinary result

25.000,-

Taxes

-7.000,-

Net profit or loss

18.000,-

Borrowing ratio

7947,09 %

Current ratio

101,18 %

Profit margin.

-18,31 %

Quick ratio

39,45 %

Return on assets

0,20 %

Return on equity.

10,46 %

Solidity or equity ratio

1,24 %

 

 

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

 

 

 

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