MIRA INFORM REPORT

 

 

Report Date :

12.10.2007

 

IDENTIFICATION DETAILS

 

Name :

ALPS DIAM

 

 

Registered Office :

Hoveniersstraat 2 B.416, 2018 Antwerpen Be

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

18 September 2003

 

 

Com. Reg. No.:

20004, KBO - BCE

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

ALPS DIAM

HOVENIERSSTRAAT 2 B.416

2018 ANTWERPEN BE

Tel. Number       +32-3-2332082

 

 

Business founded

18 September 2003

Business registered

18 September 2003 - Private company with limited liability

Registration number,

20004, KBO - BCE,

VAT number,

BE860809573,

Legal form

Private company with limited liability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Total share capital31 December 2006

EUR 18600,00

Bank

RESERVED N°   

Boardmembers

MEHTA MILANKUMAR MAFATLAL    Manager

 

DAFTARY JIGARKUMAR KANAIYALAL    Manager

 

MEHTA RAZIA TEJPAL    Manager

Management

MEHTA CHIRAG RAMNIKLAL    Partner

 

 

 

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 7.475.308,00

 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

4.318.894,-

Total fixed assets

80.778,-

Total tangible fixed assets

80.778,-

Land and buildings

73.395,-

Plant, machinery and equipment

7.229,-

Total Current assets

4.238.116,-

Inventories and work in progress (incl. prepayments)

2.536.189,-

Accounts receivable (trade)

1.601.180,-

Cash in hand and at bank

98.614,-

Total accrued income and prepaid expenses

2.133,-

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

4.318.894,-

Total equity (Shareholders' funds)

657.444,-

Issued (subscribed) capital

18.600,-

Profit reserves

37.123,-

Statutory reserves

600.105,-

Legal reserves

1.860,-

Profit or loss carried forward

-244,-

Total liabilities

3.661.450,-

Total current liabilities

3.661.450,-

Current accounts payable (trade)

2.869.775,-

Income and social tax liabilities

16.300,-

 

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

Main revenue (sales/turnover)

7.475.308,-

Cost of goods sold (operational format)

7.412.739,-

Depreciation

4.105,-

Operating profit or loss

62.569,-

Financial income

41,-

Financial expenses

18.244,-

Result of ordinary operations

44.366,-

Extraordinary result

44.366,-

Taxes

44.610,-

Net profit or loss

-244,-

Borrowing ratio

556,92 %

Current ratio

115,74 %

Profit margin.

0,89 %

Quick ratio

46,42 %

Return on assets

1,54 %

Return on equity.

-0,03 %

Solidity or equity ratio

15,22 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 10.491.173,00

 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

6.034.376,-

Total fixed assets

84.884,-

Total tangible fixed assets

84.884,-

Land and buildings

74.992,-

Plant, machinery and equipment

9.635,-

Total Current assets

5.949.492,-

Inventories and work in progress (incl. prepayments)

2.528.387,-

Accounts receivable (trade)

3.352.258,-

Cash in hand and at bank

66.500,-

Total accrued income and prepaid expenses

2.347,-

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

6.034.376,-

Total equity (Shareholders' funds)

57.583,-

Issued (subscribed) capital

18.600,-

Profit reserves

37.123,-

Legal reserves

1.860,-

Total liabilities

5.976.793,-

Total current liabilities

5.974.045,-

Current accounts payable (trade)

5.090.165,-

Income and social tax liabilities

20.150,-

Total accrued expenses and deferred income

2.748,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Main revenue (sales/turnover)

10.491.173,-

Cost of goods sold (operational format)

10.226.174,-

Depreciation

3.182,-

Operating profit or loss

264.999,-

Financial income

490.082,-

Financial expenses

-703.148,-

Result of ordinary operations

51.933,-

Extraordinary result

51.933,-

Taxes

-17.651,-

Net profit or loss

34.282,-

Borrowing ratio

10379,44 %

Current ratio

99,54 %

Profit margin.

2,55 %

Quick ratio

57,22 %

Return on assets

12,56 %

Return on equity.

59,53 %

Solidity or equity ratio

0,95 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 2.961.882,00

 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

1.199.759,-

Total fixed assets

78.000,-

Total tangible fixed assets

78.000,-

Land and buildings

76.586,-

Plant, machinery and equipment

1.414,-

Total Current assets

1.121.759,-

Inventories and work in progress (incl. prepayments)

234.833,-

Accounts receivable (trade)

850.614,-

Cash in hand and at bank

36.312,-

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

1.199.759,-

Total equity (Shareholders' funds)

23.301,-

Issued (subscribed) capital

18.600,-

Profit reserves

4.401,-

Legal reserves

300,-

Total liabilities

1.176.458,-

Total current liabilities

1.176.458,-

Current accounts payable (trade)

1.080.290,-

Current liabilities to credit institutions

68,-

Income and social tax liabilities

2.500,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Main revenue (sales/turnover)

2.961.882,-

Cost of goods sold (operational format)

2.997.349,-

Depreciation

2.613,-

Operating profit or loss

-35.467,-

Financial income

167.296,-

Financial expenses

-124.628,-

Result of ordinary operations

7.201,-

Extraordinary result

7.201,-

Taxes

-2.500,-

Net profit or loss

4.701,-

Borrowing ratio

5048,96 %

Current ratio

95,35 %

Profit margin.

-1,10 %

Quick ratio

75,38 %

Return on assets

11,20 %

Return on equity.

20,17 %

Solidity or equity ratio

1,94 %

 

 

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