MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Samkit Diamonds BVBA |
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Registered Office : |
Van Eycklei 53, 2018 Antwerpen, Belgie |
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Country : |
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Financials (as on) : |
31.12.2005 |
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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 : |
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 : |
Regular |
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Litigation : |
Clear |
name & address
Samkit Diamonds
BVBA
Van Eycklei 53
2018 ANTWERPEN,
BELGIE
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.
Activity
Trade in rough
diamonds, gem stones and jewelry.
Staff
1 employee.
Net turnover:
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:
-Krupa Dimon BVBA
Net result:
2005 Euro 457
The
shareholders equity was as of:
31/12/2005 Euro 19.057
The working
capital was as of:
31/12/2005 Euro 19.057
The balance
sheet 2005 holds 9 months.
The address
you have provided is not completely correct.
Banks
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 :
Samkit Diamonds BVBA
Van Eycklei 53,
2018 ANTWERPEN, BELGIE
Trade register 99167076
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Samkit Diamonds BVBA *** BALANCE SHEET ***
Corporate in Euro(x
1)
-------- ------31-12-2005---
Intangible assets 0 0
Tangible assets 0 0
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 0 0
Stock 0 72.823
Receivables 0 48.187
Shares 0 0
Liquid assets 0 13.029
Miscellaneous current assets 0 0
Total current
assets 0 134.039
Shareholders
equity 0 19.057
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 0 114.982
Minority interests 0 0
Miscellaneous liabilities 0 0
Total
liabilities 0 134.039
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Samkit Diamonds BVBA *** PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x
1)
-------- ------31-12-2005---
Turnover 0 70.186
Other income 0 0
Total expenses 0 66.179
Operating profit 0 4.007
Balance financial P/L 0 -3.310
Net profit/loss 1] 0 697
Taxation 0 240
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 0 457
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 0 457
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Legend : 1]
= Before tax
2]
= After tax
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Samkit Diamonds BVBA ***
FINANCIAL RATIOS ***
---------- -----2005-----
EQUITY %
Equity gearing 0 14,2
Equity/outside capital 0 16,6
LIQUIDITY
Current ratio 0 1,2
Acid test 0 0,5
RATES OF RETURN %
Total assets 0 0,5
Shareholders
equity 0 3,7
Pre tax margin
% 0 1
Turnover rate 0 52,4
(x
1)
-------------------- --------------------
Working capital 0 19.057
Shareholders
equity + Equalization acc. 0 19.057
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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/normal. |
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%)