MIRA
INFORM REPORT
|
Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SUPER DIAM |
|
|
|
|
Registered Office : |
Hoveniersstraat
2, 2018 Antwerpen Be |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
27 January 1998 |
|
|
|
|
Com. Reg. No.: |
327374 |
|
|
|
|
Legal Form : |
Private Company
With Limited Liability |
|
|
|
|
Line of Business : |
Wholesale of
miscellaneous intermediate products |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
109500 EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
SUPER DIAM
HOVENIERSSTRAAT 2
2018 ANTWERPEN BE
Tel. Number :
+32-3-2343214
|
Business founded |
27 January 1998 |
|
Business
registered |
13 February 1998
- Private company with limited liability |
|
Business last
updated |
31 December 2005 |
|
Registration
number, |
327374,
ANTWERPEN, |
|
Value Added Tax
number, |
BE462514806, |
|
Judicial form |
Private company
with limited liability |
|
Activities |
Wholesale of
miscellaneous intermediate products |
|
Payment
experience |
no complaints
have been registered |
|
Credit opinion |
Credit opinion |
|
|
Maximum credit
limit 109500 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) |
0 |
|
Total share
capital31 December 2005 |
EUR 19000,00 |
|
Bank |
BANQUE
DIAMANTAIRE ANVERSOISE |
|
Boardmembers |
KHADELA SAMIR
RAVJIBHAI Manager |
|
|
MEHTA MANOJKUMAR
RASIKLAL Manager |
|
Management |
KHADELA SAMIR
RAVJIBHAI Partner |
|
|
MEHTA MANOJKUMAR
RASIKLAL 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 22.085.000,00 |
|
|
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 |
10.312.000,- |
|
Total fixed
assets |
14.000,- |
|
Total tangible
fixed assets |
14.000,- |
|
Plant, machinery
and equipment |
6.000,- |
|
Total Current
assets |
10.298.000,- |
|
Inventories and
work in progress (incl. prepayments) |
2.239.000,- |
|
Accounts receivable
(trade) |
7.665.000,- |
|
Cash in hand and
at bank |
394.000,- |
|
Total equity,
provisions, liabilities, accrued expenses and deferred income |
10.312.000,- |
|
Total equity
(Shareholders' funds) |
122.000,- |
|
Issued
(subscribed) capital |
19.000,- |
|
Profit reserves |
101.000,- |
|
Legal reserves |
2.000,- |
|
Total liabilities |
10.190.000,- |
|
Total current
liabilities |
10.190.000,- |
|
Current accounts
payable (trade) |
8.203.000,- |
|
Income and social
tax liabilities |
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 |
22.085.000,- |
|
Main revenue
(sales/turnover) |
22.085.000,- |
|
Total operating
expenses |
-21.871.000,- |
|
Cost of materials
(type of expenditure format) |
21.594.000,- |
|
Cost of goods
sold (operational format) |
21.871.000,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
214.000,- |
|
Depreciation |
3.000,- |
|
Operating profit
or loss |
214.000,- |
|
Financial income |
960.000,- |
|
Financial
expenses |
-1.148.000,- |
|
Result of
ordinary operations |
26.000,- |
|
Extraordinary
result |
26.000,- |
|
Taxes |
-9.000,- |
|
Net profit or
loss |
17.000,- |
|
Borrowing ratio |
8352,46 % |
|
Current ratio |
101,05 % |
|
Profit margin. |
1,64 % |
|
Quick ratio |
79,08 % |
|
Return on assets |
1,70 % |
|
Return on equity. |
13,93 % |
|
Solidity or
equity ratio |
1,18 % |
|
|
|
|
PER, period regarding
TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2004 in
EUR 4.935.192,00 |
|
|
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 |
2.351.370,- |
|
Total fixed
assets |
8.269,- |
|
Total tangible
fixed assets |
8.269,- |
|
Plant, machinery
and equipment |
1.076,- |
|
Total Current
assets |
2.343.101,- |
|
Inventories and
work in progress (incl. prepayments) |
280.899,- |
|
Accounts
receivable (trade) |
1.965.933,- |
|
Cash in hand and
at bank |
95.846,- |
|
Total accrued
income and prepaid expenses |
423,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
2.351.370,- |
|
Total equity
(Shareholders' funds) |
104.695,- |
|
Issued
(subscribed) capital |
18.592,- |
|
Profit reserves |
84.244,- |
|
Legal reserves |
1.859,- |
|
Total liabilities |
2.246.675,- |
|
Total current
liabilities |
2.246.675,- |
|
Current accounts
payable (trade) |
473.538,- |
|
Income and social
tax liabilities |
17.912,- |
|
|
|
|
PER, period that
the financial account covers for not consolidated profit and loss
account.: 00 0000 - 31 December 2004 in EUR |
|
|
Main revenue
(sales/turnover) |
4.935.192,- |
|
Cost of goods
sold (operational format) |
228.167,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
4.707.025,- |
|
Depreciation |
1.894,- |
|
Operating profit
or loss |
-209.630,- |
|
Financial income |
672.522,- |
|
Financial
expenses |
-666.290,- |
|
Result of
ordinary operations |
-203.398,- |
|
Extraordinary
result |
-203.398,- |
|
Taxes |
-7.399,- |
|
Net profit or
loss |
-210.797,- |
|
Borrowing ratio |
2145,92 % |
|
Current ratio |
104,29 % |
|
Profit margin. |
0,34 % |
|
Quick ratio |
91,77 % |
|
Return on assets |
29,33 % |
|
Return on equity. |
-201,34 % |
|
Solidity or
equity ratio |
4,45 % |
|
|
|
|
PER, period regarding
TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003 in
EUR 6.975.467,00 |
|
|
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 |
2.611.083,- |
|
Total fixed
assets |
1.863,- |
|
Total tangible
fixed assets |
1.863,- |
|
Plant, machinery
and equipment |
1.863,- |
|
Total Current
assets |
2.609.220,- |
|
Inventories and
work in progress (incl. prepayments) |
238.648,- |
|
Accounts
receivable (trade) |
2.310.482,- |
|
Cash in hand and
at bank |
60.038,- |
|
Total accrued
income and prepaid expenses |
52,- |
|
Total equity, provisions,
liabilities, accrued expenses and deferred income |
2.611.083,- |
|
Total equity
(Shareholders' funds) |
104.695,- |
|
Issued
(subscribed) capital |
18.592,- |
|
Profit reserves |
84.244,- |
|
Legal reserves |
1.859,- |
|
Total liabilities |
2.506.388,- |
|
Total current
liabilities |
2.506.388,- |
|
Current accounts
payable (trade) |
344.128,- |
|
Current
liabilities to credit institutions |
5.256,- |
|
Income and social
tax liabilities |
38.100,- |
|
|
|
|
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 |
6.975.467,- |
|
Main revenue
(sales/turnover) |
6.975.467,- |
|
Total operating
expenses |
-4.448,- |
|
Cost of goods
sold (operational format) |
4.448,- |
|
Gross profit or
loss after cost of materials or after cost of goods sold |
6.971.019,- |
|
Personnel costs |
3.311,- |
|
Depreciation |
349,- |
|
Operating profit
or loss |
-73.634,- |
|
Financial income |
1.302.931,- |
|
Financial
expenses |
-1.182.220,- |
|
Result of
ordinary operations |
47.077,- |
|
Extraordinary
result |
47.077,- |
|
Taxes |
-27.104,- |
|
Net profit or
loss |
19.973,- |
|
Borrowing ratio |
2393,99 % |
|
Current ratio |
104,10 % |
|
Profit margin. |
-1,05 % |
|
Quick ratio |
94,57 % |
|
Return on assets |
47,09 % |
|
Return on equity. |
19,07 % |
|
Solidity or
equity ratio |
4,00 % |
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 |
|
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%)