MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HK DIAM |
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Registered Office : |
Hoveniersstraat 2 B.135,
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 : |
30.09.2002 |
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Com. Reg. No.: |
351263, 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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
HK DIAM
HOVENIERSSTRAAT 2 B.135
2018 ANTWERPEN BE
Tel. Number +32-3-2304110
Business founded
17 July 2002
Business registered
30 September 2002 - Private company with limited liability
Business last updated
31 December 2005
Registration number
351263, ANTWERPEN
Value Added Tax number
BE478090135
Judicial form
Private company with limited liability
Activities
Wholesale of miscellaneous intermediate products
Payment experience
No complaints have been registered
Credit opinion
Cash situation (balance sheet
analysis) : Limited
Profitability (balance sheet analysis) : Low
Commitments (regarding contractual
obligations) : Currently
fulfilled
Payment defaults : None
Total share capital
31 December 2005 EUR 19000,00
Branch office(s)
VAN EYCKLEI 41 A,2018 ANTWERPEN
Bank
BANQUE DIAMANTAIRE ANVERSOISE
Boardmembers
PATEL BHARATKUMAR AMBALAL Manager
GOLAKIYA PARESHKUMAR VITTHALBHAI
Manager
MEHTA AMIT JAGDISH Manager
Management
GOLAKIYA PARESHKUMAR VITTHALBHAI
Partner
RIBADIYA SURENDRA NANJIBHAI
Partner
DE VOOGHT GUY Representative
and auditor
Auditor
VGD BEDRIJFSREVISOREN 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 42.628.000,00 |
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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 |
20.661.000,- |
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Total fixed assets |
6.000,- |
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Total tangible fixed assets |
6.000,- |
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Plant, machinery and equipment |
3.000,- |
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Total Current assets |
20.655.000,- |
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Inventories and work in
progress (incl. prepayments) |
5.115.000,- |
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Accounts receivable (trade) |
15.538.000,- |
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Cash in hand and at bank |
2.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
20.661.000,- |
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Total equity (Shareholders' funds) |
211.000,- |
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Issued (subscribed) capital |
19.000,- |
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Profit reserves |
190.000,- |
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Legal reserves |
2.000,- |
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Total liabilities |
20.450.000,- |
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Total current liabilities |
20.450.000,- |
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Current accounts payable (trade) |
14.572.000,- |
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Current liabilities to credit institutions |
4.471.000,- |
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Income and social tax liabilities |
25.000,- |
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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 |
42.628.000,- |
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Main revenue (sales/turnover) |
42.628.000,- |
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Total operating expenses |
-42.213.000,- |
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Cost of materials (type of expenditure format) |
42.097.000,- |
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Cost of goods sold (operational format) |
42.213.000,- |
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Gross profit or loss
after cost of materials or after cost of goods sold |
415.000,- |
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Depreciation |
1.000,- |
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Operating profit or loss |
415.000,- |
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Financial income |
56.000,- |
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Financial expenses |
-335.000,- |
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Result of ordinary operations |
136.000,- |
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Extraordinary result |
136.000,- |
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Taxes |
-67.000,- |
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Net profit or loss |
69.000,- |
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Borrowing ratio |
9691,94 % |
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Current ratio |
101,00 % |
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Profit margin. |
0,97 % |
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Quick ratio |
75,99 % |
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Return on assets |
1,57 % |
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Return on equity. |
32,70 % |
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Solidity or equity ratio |
1,02 % |
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PER, period
regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004 in
EUR 18.274.000,00 |
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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 2004 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
5.600.000,- |
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Total fixed assets |
6.000,- |
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Total tangible fixed assets |
6.000,- |
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Plant, machinery and equipment |
3.000,- |
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Total Current assets |
5.594.000,- |
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Inventories and work in progress (incl. prepayments) |
624.000,- |
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Accounts receivable (trade) |
4.969.000,- |
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Cash in hand and at bank |
1.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.600.000,- |
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Total equity (Shareholders' funds) |
142.000,- |
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Issued (subscribed) capital |
19.000,- |
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Profit reserves |
121.000,- |
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Legal reserves |
2.000,- |
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Total liabilities |
5.458.000,- |
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Total current liabilities |
5.458.000,- |
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Current accounts payable (trade) |
2.879.000,- |
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Current liabilities to credit institutions |
1.242.000,- |
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PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31
December 2004 in EUR |
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Total operating income/revenue |
18.274.000,- |
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Main revenue (sales/turnover) |
18.274.000,- |
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Total operating expenses |
-18.103.000,- |
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Cost of materials (type
of expenditure format) |
18.056.000,- |
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Cost of goods sold
(operational format) |
18.103.000,- |
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Gross profit or loss
after cost of materials or after cost of goods sold |
171.000,- |
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Depreciation |
1.000,- |
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Operating profit or loss |
171.000,- |
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Financial income |
4.000,- |
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Financial expenses |
-96.000,- |
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Result of ordinary operations |
79.000,- |
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Extraordinary result |
79.000,- |
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Taxes |
-25.000,- |
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Net profit or loss |
54.000,- |
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Borrowing ratio |
3843,66 % |
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Current ratio |
102,49 % |
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Profit margin. |
0,94 % |
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Quick ratio |
91,05 % |
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Return on assets |
2,14 % |
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Return on equity. |
38,02 % |
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Solidity or equity ratio |
2,53 % |
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PER, period regarding
TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003 in
EUR 0,00 |
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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 2003 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
4.062.005,- |
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Total fixed assets |
7.125,- |
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Total tangible fixed assets |
6.815,- |
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Plant, machinery and equipment |
3.395,- |
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Total financial fixed assets |
310,- |
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Total Current assets |
4.054.880,- |
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Inventories and work in progress (incl. prepayments) |
198.946,- |
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Accounts receivable (trade) |
3.847.469,- |
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Cash in hand and at bank |
8.465,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
4.062.005,- |
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Total equity (Shareholders' funds) |
87.483,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
67.023,- |
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Legal reserves |
1.860,- |
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Total liabilities |
3.974.522,- |
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Total current liabilities |
3.974.522,- |
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Current accounts payable (trade) |
3.364.553,- |
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Current liabilities to credit institutions |
1.494,- |
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PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31
December 2003 in EUR |
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Cost of goods sold (operational format) |
2.147,- |
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Gross profit or loss after cost of materials or after cost of goods
sold |
-2.147,- |
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Depreciation |
1.229,- |
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Operating profit or loss |
135.527,- |
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Financial expenses |
-61.644,- |
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Result of ordinary operations |
73.883,- |
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Extraordinary result |
73.883,- |
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Taxes |
-5.000,- |
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Net profit or loss |
68.883,- |
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Borrowing ratio |
4543,19 % |
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Current ratio |
102,02 % |
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Quick ratio |
97,01 % |
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Return on assets |
3,36 % |
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Return on equity. |
78,73 % |
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Solidity or equity ratio |
2,15 % |
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%)