MIRA
INFORM REPORT
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Report Date : |
2nd March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DHARM DIAM |
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Registered Office : |
Hoveniersstraat 30 B.133,
2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
21.06.2002 |
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Com. Reg. No.: |
349976,
ANTWERPEN |
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Legal Form : |
Private company with limited liability |
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Line of Business : |
Wholesale of miscellaneous intermediate products. |
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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Maximum Credit Limit : |
235500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
DHARM DIAM
HOVENIERSSTRAAT 30 B.133
2018 ANTWERPEN BE
Tel. Number +32-3-2341445
Business founded
03 June 2002
Business registered
21 June 2002 -
Private company with limited liability
Business last updated
31 December 2005
Registration number
349976, ANTWERPEN
Value Added Tax number
BE477689960
Judicial form
Private company
with limited liability
Activities
Wholesale of
miscellaneous intermediate products
Payment experience
no complaints have
been registered
Credit opinion
Maximum credit limit :
235500 EUR is advised
Cash situation (balance sheet
analysis) : Good
Profitability (balance sheet analysis) : Nil
Commitments (regarding contractual
obligations) : Currently
fulfilled
Payment defaults : None
Total share capital
31 December 2005 EUR 20000,00
Bank
BANQUE DIAMANTAIRE
ANVERSOISE
Boardmembers
PATEL SANDIP
Manager
Management
PATEL SANDIPKAMAR
DAYLBHAI Partner
BHANSALI SAMIR JAYANTILAL
Partner
MEYNENDONCKX BART FILIP GERARD
Representative and auditor
Auditor
LUYTEN-MEYNENDONCKX
& PARTNERS BEDRIJFREVISOREN/REVISEURS
D'ENTREPRISE Auditors´ president
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The business
owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2005 in
EUR 48.964.000,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER, period that
the financial account covers for not consolidated balance sheet.: 00 0000 - 31
December 2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
26.084.000,- |
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Total fixed assets |
15.000,- |
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Total tangible fixed assets |
15.000,- |
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Plant, machinery and equipment |
3.000,- |
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Total Current assets |
26.069.000,- |
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Inventories and work in progress (incl. prepayments) |
18.843.000,- |
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Accounts receivable (trade) |
6.384.000,- |
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Cash in hand and at bank |
842.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
26.084.000,- |
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Total equity (Shareholders' funds) |
89.000,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
67.000,- |
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Total liabilities |
25.995.000,- |
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Total current liabilities |
25.995.000,- |
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Current accounts payable (trade) |
24.087.000,- |
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Current liabilities to credit institutions |
2.000,- |
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Income and social tax liabilities |
4.000,- |
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PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31
December 2005 in EUR |
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Total operating income/revenue |
48.964.000,- |
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Main revenue (sales/turnover) |
48.964.000,- |
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Total operating expenses |
-48.927.000,- |
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Cost of materials (type of expenditure format) |
47.938.000,- |
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Cost of goods sold (operational format) |
48.927.000,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
37.000,- |
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Depreciation |
2.000,- |
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Operating profit or loss |
37.000,- |
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Financial expenses |
-46.000,- |
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Result of ordinary operations |
-9.000,- |
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Extraordinary result |
-9.000,- |
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Taxes |
-1.000,- |
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Net profit or loss |
-10.000,- |
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Borrowing ratio |
29207,87 % |
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Current ratio |
100,28 % |
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Profit margin. |
0,37 % |
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Quick ratio |
27,79 % |
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Return on assets |
0,70 % |
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Return on equity. |
-11,23 % |
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Solidity or equity ratio |
0,34 % |
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PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 30 June 2004 in
EUR 17.086.711,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER, period that
the financial account covers for not consolidated balance sheet.: 00 0000 - 30
June 2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
11.600.848,- |
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Total fixed assets |
1.148,- |
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Total tangible fixed assets |
1.148,- |
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Total Current assets |
11.599.700,- |
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Inventories and work in progress (incl. prepayments) |
4.165.321,- |
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Accounts receivable (trade) |
6.968.051,- |
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Cash in hand and at bank |
466.328,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
11.600.848,- |
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Total equity (Shareholders' funds) |
99.049,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
77.049,- |
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Total liabilities |
11.501.799,- |
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Total current liabilities |
11.501.799,- |
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Current accounts payable (trade) |
9.820.450,- |
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Current liabilities to credit institutions |
20.727,- |
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Income and social tax liabilities |
7.034,- |
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PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 30
June 2004 in EUR |
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Main revenue (sales/turnover) |
17.086.711,- |
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Cost of goods sold (operational format) |
655,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
17.086.056,- |
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Depreciation |
383,- |
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Operating profit or loss |
85.903,- |
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Financial income |
271,- |
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Financial expenses |
-14.260,- |
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Result of ordinary operations |
71.914,- |
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Extraordinary result |
71.914,- |
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Taxes |
-25.134,- |
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Net profit or loss |
46.780,- |
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Borrowing ratio |
11612,23 % |
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Current ratio |
100,85 % |
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Profit margin. |
0,50 % |
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Quick ratio |
64,63 % |
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Return on assets |
0,74 % |
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Return on equity. |
47,22 % |
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Solidity or equity ratio |
0,85 % |
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PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 30 June 2003 in
EUR 7.562.251,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER, period that
the financial account covers for not consolidated balance sheet.: 00 0000 - 30
June 2003 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.759.687,- |
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Total fixed assets |
1.530,- |
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Total tangible fixed assets |
1.530,- |
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Total Current assets |
3.758.157,- |
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Inventories and work in progress (incl. prepayments) |
674.096,- |
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Accounts receivable (trade) |
2.492.276,- |
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Cash in hand and at bank |
591.785,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.759.687,- |
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Total equity (Shareholders' funds) |
52.269,- |
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Issued (subscribed) capital |
20.000,- |
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Legal reserves |
2.000,- |
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Profit or loss carried forward |
30.269,- |
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Total liabilities |
3.707.418,- |
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Total current liabilities |
3.707.418,- |
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Current accounts payable (trade) |
2.131.328,- |
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Income and social tax liabilities |
1.900,- |
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PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 30
June 2003 in EUR |
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Main revenue (sales/turnover) |
7.562.251,- |
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Cost of goods sold (operational format) |
1.651,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
7.560.600,- |
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Depreciation |
1.316,- |
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Operating profit or loss |
61.545,- |
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Financial income |
10,- |
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Financial expenses |
-7.386,- |
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Result of ordinary operations |
54.169,- |
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Extraordinary result |
54.169,- |
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Taxes |
-21.900,- |
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Net profit or loss |
32.269,- |
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Borrowing ratio |
7092,96 % |
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Current ratio |
101,36 % |
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Profit margin. |
0,83 % |
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Quick ratio |
83,18 % |
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Return on assets |
1,64 % |
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Return on equity. |
61,73 % |
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Solidity or equity ratio |
1,39 % |
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%)
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