MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DIA GLOBE BVBA |
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Registered Office : |
Hoveniersstraat 30 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 : |
09.04.1992 |
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Com. Reg. No.: |
289182, ANTWERPEN |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesalers of miscellaneous household goods |
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 : |
Usually Correct |
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Litigation : |
Clear |
Company name & Address
DIA-GLOBE
HOVENIERSSTRAAT 30
2018 ANTWERPEN BE
Tel. Number :
+32-3-2133982
Fax number :
+32-3-2263815
Business founded
09 March 1992
Business registered
09 April 1992 -
Single member private limited company
Business last updated
31 December 2005
Registration number
289182, ANTWERPEN
Value Added Tax number
BE446886423
Judicial form
Single member
private limited company
Activities
Wholesale of
miscellaneous household goods
Payment experience
Nothing to report
Credit opinion
Cash situation (balance sheet
analysis) : Very good
Profitability (balance sheet
analysis) : Low
Commitments (regarding contractual
obligations) : Completely fulfilled
Payment defaults : None
Employees (Business)
0
Total share capital
31 December 2005 EUR 19000,00
Branch office(s)
HOVENIERSSTRAAT
30,2018 ANTWERPEN
Bank
ABN AMRO BANK
(BELGIUM)
Boardmembers
PAREKH VIPUL
RASIKLAL Manager
Management
MEHTA NIMESH PIYUSH
Partner
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 16.770.000,00
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 6.288.000,-
Total fixed assets 215.000,-
Total tangible
fixed assets 210.000,-
Land and buildings 175.000,-
Plant, machinery
and equipment 7.000,-
Total financial
fixed assets 5.000,-
Investments
(long-term) 5.000,-
Total Current
assets 6.073.000,-
Inventories and
work in progress (incl. prepayments) 2.504.000,-
Accounts receivable
(trade) 3.331.000,-
Cash in hand and at
bank 238.000,-
Total equity,
provisions, liabilities, accrued expenses and deferred income 6.288.000,-
Total equity
(Shareholders' funds) 234.000,-
Issued (subscribed)
capital 19.000,-
Profit reserves 213.000,-
Legal reserves 2.000,-
Total liabilities 6.054.000,-
Total long-term
liabilities 151.000,-
Long-term
liabilities to credit institutions 151.000,-
Total current
liabilities 5.903.000,-
Current accounts
payable (trade) 4.782.000,-
Current liabilities
to credit institutions 20.000,-
Income and social
tax liabilities
4.000,-
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 16.770.000,-
Main revenue
(sales/turnover) 16.770.000,-
Total operating
expenses -16.430.000,-
Cost of materials
(type of expenditure format) 16.180.000,-
Cost of goods sold
(operational format) 16.430.000,-
Gross profit or
loss after cost of materials or after cost of goods sold 340.000,-
Personnel costs 15.000,-
Depreciation 11.000,-
Operating profit or
loss 340.000,-
Financial expenses -255.000,-
Result of ordinary
operations 85.000,-
Extraordinary
income 49.000,-
Extraordinary
expenses -80.000,-
Extraordinary
result 54.000,-
Taxes -11.000,-
Net profit or loss 43.000,-
Borrowing ratio
2587,18 %
Current ratio 102,87 %
Debt gearing 64,53 %
Profit margin. 2,09 %
Quick ratio 60,46 %
Return on assets 1,73 %
Return on equity. 18,37 %
Solidity or equity
ratio
3,72 %
PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2004 in EUR 19.500.000,00
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 7.430.000,-
Total fixed assets 190.000,-
Total tangible
fixed assets 185.000,-
Land and buildings 180.000,-
Plant, machinery
and equipment 2.000,-
Total financial
fixed assets 5.000,-
Investments
(long-term)
5.000,-
Total Current
assets 7.240.000,-
Inventories and
work in progress (incl. prepayments) 3.920.000,-
Accounts receivable
(trade) 3.012.000,-
Cash in hand and at
bank 308.000,-
Total equity,
provisions, liabilities, accrued expenses and deferred income 7.430.000,-
Total equity
(Shareholders' funds) 191.000,-
Issued (subscribed)
capital
19.000,-
Profit reserves 170.000,-
Legal reserves 2.000,-
Total liabilities 7.239.000,-
Total long-term
liabilities 144.000,-
Long-term
liabilities to credit institutions 144.000,-
Total current
liabilities 7.095.000,-
Current accounts
payable (trade) 5.360.000,-
Current liabilities
to credit institutions 553.000,-
Income and social
tax liabilities 2.000,-
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 19.500.000,-
Main revenue
(sales/turnover) 19.500.000,-
Total operating
expenses -19.566.000,-
Cost of materials
(type of expenditure format) 19.268.000,-
Cost of goods sold
(operational format) 19.566.000,-
Gross profit or
loss after cost of materials or after cost of goods sold -66.000,-
Personnel costs 22.000,-
Depreciation 10.000,-
Operating profit or
loss -66.000,-
Financial income 169.000,-
Financial expenses -57.000,-
Result of ordinary
operations 46.000,-
Extraordinary
income 9.000,-
Extraordinary
result 55.000,-
Taxes -21.000,-
Net profit or loss 34.000,-
Borrowing ratio 3790,05 %
Current ratio 102,04 %
Debt gearing 75,39 %
Profit margin. -0,28 %
Quick ratio 46,79 %
Return on assets 1,21
%
Return on equity. 17,80 %
Solidity or equity
ratio 2,57 %
PER, period regarding TUn, TRn, TXn, CPI or
CPN: 00 0000 - 31 December 2003 in EUR 14.898.000,00
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 7.368.000,-
Total fixed assets 196.000,-
Total tangible
fixed assets 191.000,-
Land and buildings 184.000,-
Plant, machinery
and equipment 2.000,-
Total financial
fixed assets
5.000,-
Investments
(long-term) 5.000,-
Total Current
assets 7.172.000,-
Inventories and
work in progress (incl. prepayments) 4.032.000,-
Accounts receivable
(trade) 2.040.000,-
Cash in hand and at
bank 1.100.000,-
Total equity,
provisions, liabilities, accrued expenses and deferred income 7.368.000,-
Total equity
(Shareholders' funds) 157.000,-
Issued (subscribed)
capital 19.000,-
Profit reserves 136.000,-
Legal reserves 2.000,-
Total liabilities 7.211.000,-
Total long-term
liabilities 158.000,-
Long-term
liabilities to credit institutions 158.000,-
Total current
liabilities 7.053.000,-
Current accounts
payable (trade) 4.736.000,-
Current liabilities
to credit institutions 584.000,-
Income and social
tax liabilities 2.000,-
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 14.899.000,-
Main revenue
(sales/turnover) 14.898.000,-
Total operating
expenses -14.890.000,-
Cost of materials
(type of expenditure format) 14.645.000,-
Cost of goods sold
(operational format) 14.890.000,-
Gross profit or
loss after cost of materials or after cost of goods sold 9.000,-
Personnel costs 17.000,-
Depreciation 11.000,-
Operating profit or
loss 9.000,-
Financial income 82.000,-
Financial expenses -59.000,-
Result of ordinary
operations 32.000,-
Extraordinary
result 32.000,-
Taxes -12.000,-
Net profit or loss 20.000,-
Borrowing ratio 4592,99 %
Current ratio 101,68 %
Debt gearing 100,64 %
Profit margin. 0,13 %
Quick ratio 44,52 %
Return on assets 1,08
%
Return on equity.
12,73 %
Solidity or equity
ratio 2,13
%
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%)