MIRA
INFORM REPORT
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Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Romidiam Bvba |
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Registered Office : |
Schupstraat 9-11, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
04/05/1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in diamonds. |
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 |
name & address
Romidiam Bvba
Schupstraat 9-11
2018 ANTWERPEN
Tel.:+32 (0)3-2334471
Fax.:+32 (0)3-2334471
Legal status
Private limited company
Founded
04/05/1993 as BVBA
Trade register
52296469
Capital
nominal EUR 19.000,--
issued and paid up EUR 19.000,--
Management
Milan Metha
Activity
Wholesale business
in diamonds.
Staff
1 employee.
Net turnover:
2005
Euro 25.810.004
2004
Euro 24.031.988
2003 Euro 12.441.999
Real estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
See balance sheet
Remarks
Net result:
2005 Euro 24.988
2004 Euro 15.989
2003 Euro 992
The
shareholders equity was as of:
31/12/2005 Euro 147.001
31/12/2004 Euro 121.988
31/12/2003 Euro 105.999
The working
capital was as of:
31/12/2005 Euro 123.004
31/12/2004 Euro 85.994
31/12/2003 Euro 63.015
Banks
not known
VAT-nr.
BE450017741
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 :
Romidiam Bvba
Schupstraat 9-11, 2018
ANTWERPEN
Trade register 52296469
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Romidiam Bvba *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 34.011 17.005
Financial assets 6.991 6.991
Miscellaneous fixed assets 0 0
Total fixed
assets 41.002 23.996
Stock 2.506.005 3.633.004
Receivables 7.075.997 6.760.006
Shares 0 0
Liquid assets 79.995 70.997
Miscellaneous current assets 0 0
Total current
assets 9.661.997 10.464.007
Shareholders
equity 121.988 147.001
Provisions 0 0
Long-term liabilities 5.007 0
Current liabilities 9.576.003 10.341.003
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 9.702.998 10.488.003
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Romidiam Bvba *** PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 24.031.988 25.810.004
Other income 0 3.991
Total expenses 24.605.985 24.948.996
Operating profit -573.997 865.000
Balance financial P/L 611.999 -823.998
Net profit/loss 1] 38.002 41.002
Taxation 21.988 15.989
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 16.014 25.013
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 15.989 24.988
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Legend : 1]
= Before tax
2]
= After tax
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Romidiam Bvba *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 1,3 1,4
Equity/outside
capital 1,3 1,4
LIQUIDITY
Current ratio 1 1
Acid test 0,7 0,7
RATES OF RETURN %
Total assets 0,4 0,4
Shareholders equity 31,2 27,9
Pre tax margin % 0,2 0,2
Turnover rate 247,7 246,1
(x 1) (x 1)
-------------------- --------------------
Working capital 85.994 123.004
Shareholders equity + Equalization acc. 121.988 147.001
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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%)