MIRA
INFORM REPORT
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Report Date : |
05.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABHIDIMON BVBA |
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Registered Office : |
Hoveniersstraat 30 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
09.01.1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Export of
Polished 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 : |
No Complaints |
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Litigation : |
Clear |
name & address
Abhidimon BVBA
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2263989
Fax.:+32
(0)3-2265356
Legal
status
Private limited company
Founded
09/01/1997 as BVBA
Trade
register
52321166
Capital
Nominal EUR 19.000,--
Issued and paid up EUR 19.000,--
Management
MEHTA Jayesh, Belgielaan 143, 2018 Antwerpen
MEHTA Atulkumar Rajnikant, Angelus
Roncallilaan 40, 2610 Wilrijk
Activity
Import and export of
polished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 31.046.012
2005 Euro 44.115.999
2004 Euro 29.938.002
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Net result:
2006 Euro 181.012
2005 Euro 82.003
2004 Euro 58.007
The
shareholders equity was as of:
31/12/2006 Euro 5.754.005
31/12/2005 Euro 417.998
31/12/2004 Euro 335.995
The working
capital was as of:
31/12/2006 Euro 5.307.004
31/12/2005 Euro (69.981)
31/12/2004 Euro (192.018)
Other bankers:
Artesia Bank
Antwerpse
Diamantbank
Previoius
address:
Hoveniersstraat
2 2018 ANTWERPEN
Import :
India
Export :
India, Italy and the USA
Full
address:
Hoveniersstraat
30 Bus 144 Office 634 2018 Antwerpen Belgium
Banks
Under remarks
VAT-nr.
BE459870763
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 :
Abhidimon BVBA
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 488.003 447.002
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 488.003 447.002
Stock 3.794.010 10.038.002
Receivables 16.268.013 13.860.000
Shares 0 0
Liquid assets 65.989 2.229.009
Miscellaneous current assets 0 0
Total current assets 20.128.012 26.127.011
Shareholders
equity 417.998 5.754.005
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 20.197.993 20.820.007
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 20.615.991 26.574.012
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 44.115.999 31.046.012
Other income 0 0
Total expenses 42.633.001 24.793.022
Operating profit 1.482.998 6.252.990
Balance financial P/L -1.371.992 -653.001
Net profit/loss 1] 111.007 5.599.989
Taxation 29.004 264.007
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 82.003 5.335.982
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests 0 6.991
Miscellaneous P/L 0 0
Net result 82.003 181.012
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 2 21,7
Equity/outside capital 2,1 27,6
LIQUIDITY
Current ratio 1 1,3
Acid test 0,8 0,8
RATES OF RETURN %
Total assets 0,5 21,1
Shareholders equity 26,6 97,3
Pre tax
margin % 0,3 18
Turnover rate 214 116,8
(x
1) (x 1)
-------------------- --------------------
Working capital -69.981 5.307.004
Shareholders equity + Equalization acc. 417.998 5.754.005
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. |
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%)