MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
D.M. DIAMONDS |
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Registered Office : |
Schupstraat 1 7 B.54, 2018 Antwerpen Be |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
28 October 2004 |
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Com. Reg. No.: |
72806, KBO - BCE |
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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 : |
12500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
D.M. DIAMONDS
SCHUPSTRAAT 1 7 B.54
2018 ANTWERPEN BE
Tel. Number +32-3-2251955
Fax number +32-3-8289034
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Business founded |
28 October 2004 |
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Business registered |
21 October 2004 - Private company with limited liability |
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Registration number, |
72806, KBO - BCE, |
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VAT number, |
BE869807413, |
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Legal form |
Private company with limited lability |
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Activities |
Wholesale of miscellaneous intermediate products |
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Payment experience |
no complaints have been registered |
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Credit opinion |
Credit opinion |
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Maximum credit limit 12500 EUR is advised |
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Cash situation (balance sheet analysis) : Very good |
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Profitability (balance sheet analysis) : Very good |
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Commitments (regarding contractual obligations) : Currently
fulfilled |
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Payment defaults : None |
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Total share capital31 December 2005 |
EUR 18600,00 |
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Bank |
RESERVED N° |
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Boardmembers |
PARIKH DARSHAN RAJEN Manager |
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PARIKH RAJEN SURESH Manager |
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Management |
PARIKH RAJEN SURESH Partner |
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PARIKH MRUNALINI RAJEN Partner |
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PARIKH DARSHAN RAJEN Partner |
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The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 3.084.923,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
1.529.009,- |
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Total fixed assets |
3.815,- |
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Total tangible fixed assets |
2.675,- |
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Plant, machinery and equipment |
1.622,- |
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Total financial fixed assets |
1.140,- |
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Total Current assets |
1.525.194,- |
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Inventories and work in progress (incl. prepayments) |
390.571,- |
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Accounts receivable (trade) |
1.084.966,- |
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Cash in hand and at bank |
48.739,- |
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Total accrued income and prepaid expenses |
918,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.529.009,- |
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Total equity (Shareholders' funds) |
24.140,- |
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Issued (subscribed) capital |
18.600,- |
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Profit reserves |
5.255,- |
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Legal reserves |
285,- |
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Total liabilities |
1.504.869,- |
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Total current liabilities |
1.504.869,- |
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Current accounts payable (trade) |
1.485.045,- |
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Current liabilities to credit institutions |
6.857,- |
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Income and social tax liabilities |
6.243,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Main revenue (sales/turnover) |
3.084.923,- |
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Cost of goods sold (operational format) |
3.094.675,- |
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Depreciation |
389,- |
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Operating profit or loss |
-9.752,- |
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Financial income |
181.961,- |
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Financial expenses |
-163.923,- |
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Result of ordinary operations |
8.286,- |
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Extraordinary income |
9.855,- |
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Extraordinary expenses |
-9.531,- |
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Extraordinary result |
8.610,- |
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Taxes |
-3.070,- |
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Net profit or loss |
5.540,- |
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Borrowing ratio |
6233,92 % |
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Current ratio |
101,35 % |
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Profit margin. |
-0,30 % |
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Quick ratio |
75,33 % |
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Return on assets |
11,30 % |
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Return on equity. |
22,94 % |
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Solidity or equity ratio |
1,57 % |
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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%)