MIRA INFORM REPORT

 

 

Report Date :

22.11.2007

 

IDENTIFICATION DETAILS

 

Name :

DIA-VEER

 

 

Registered Office :

Hoveniersstraat 30, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

13 March 1992

 

 

Com. Reg. No.:

289182

 

 

Legal Form :

Single member private limited company

 

 

Line of Business :

Wholesale of miscellaneous household goods

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

DIA-VEER

HOVENIERSSTRAAT 30

2018 ANTWERPEN BE

Tel. Number       +32-3-2133982

Fax number       +32-3-2263815

 

 

Business founded

13 March 1992

Business registered

09 April 1992 - Single member private limited company

Registration number,

289182, ANTWERPEN,

VAT number,

BE446886423,

Legal form

Single member private limited company

Activities

Wholesale of miscellaneous household goods

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 1

Total share capital31 December 2006

EUR 18592,00

Branch office(s)

HOVENIERSSTRAAT 30,2018 ANTWERPEN   

Bank

ABN AMRO BANK   

Boardmembers

PAREKH VIPUL RASIKLAL    Manager

Management

MEHTA NIMESH PIYUSH    Partner

 

 

Subject matter recently changed its style.

Former style: Dia-Globe BVBA

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 16.178.665,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

6.514.125,-

Total fixed assets

209.582,-

Total tangible fixed assets

204.917,-

Land and buildings

170.959,-

Plant, machinery and equipment

12.450,-

Total financial fixed assets

4.665,-

Investments (long-term)

4.665,-

Total Current assets

6.304.543,-

Inventories and work in progress (incl. prepayments)

2.849.114,-

Accounts receivable (trade)

3.286.842,-

Cash in hand and at bank

168.537,-

Total accrued income and prepaid expenses

50,-

Total equity, provisions, liabilities, accrued expenses and deferred income

6.514.125,-

Total equity (Shareholders' funds)

631.175,-

Issued (subscribed) capital

18.592,-

Profit reserves

236.724,-

Legal reserves

375.859,-

Total liabilities

5.882.950,-

Total long-term liabilities

133.188,-

Long-term liabilities to credit institutions

133.188,-

Total current liabilities

5.749.762,-

Current accounts payable (trade)

4.339.399,-

Income and social tax liabilities

6.879,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Total operating income/revenue

16.178.665,-

Main revenue (sales/turnover)

16.178.665,-

Total operating expenses

15.721.982,-

Cost of materials (type of expenditure format)

15.473.970,-

Cost of goods sold (operational format)

15.721.982,-

Gross profit or loss after cost of materials or after cost of goods sold

456.683,-

Personnel costs

36.318,-

Depreciation

13.464,-

Operating profit or loss

456.683,-

Financial income

6.184,-

Financial expenses

33.344,-

Result of ordinary operations

429.523,-

Extraordinary result

429.523,-

Taxes

32.377,-

Net profit or loss

397.146,-

Borrowing ratio

684,61 %

Current ratio

109,64 %

Debt gearing

15,50 %

Profit margin.

2,90 %

Quick ratio

60,09 %

Return on assets

7,05 %

Return on equity.

62,92 %

Solidity or equity ratio

9,68 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 16.770.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 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,-

 

Corporate profit and loss account for the year: 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 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 19.500.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 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,-

 

Corporate profit and loss account for the year: 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 %

 

 

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.

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions