MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
L.D. GEMS BVBA |
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Registered Office : |
Hoveniersstraat 12 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 : |
18.06.1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade 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 : |
No Complaints |
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Litigation : |
Clear |
name & address
L.D. Gems Bvba
Hoveniersstraat 12
2018 ANTWERPEN
Tel.:+32
(0)3-2034567
Fax.:+32
(0)3-2311634
Legal status
Private limited company
Founded
18/06/1997 as BVBA
Trade register
99323895
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management
-Dipesh Lalitkumar Shah, Quinten Matsijslei
38, 2018 Antwerp.
Activity
Trade in diamonds.
Staff
2 employees
Turnover
Net turnover:
2006 Euro 2.121.655
2005 Euro 2.150.304
2004 Euro 2.400.032
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 8.249
2005 Euro 7.987
2004 Euro 3.321
The
shareholders equity was as of:
31/12/2006 Euro 1.570
31/12/2005 Euro (6.679)
31/12/2004 Euro (14.667)
The working
capital was as of:
31/12/2006 Euro (8.121)
31/12/2005 Euro (21.192)
31/12/2004 Euro (33.451)
Full address:
Hoveniersstraat
12, bus 10,
office 405,
2018 Antwerp
Subject
matter has been eating into the shareholders'equity.
Banks
Not known
VAT-nr.
BE461031003
Mode
of payment
No complaints have been registered
Credit
demand
No objections against
entering into a business relationship.
In view of the financial situation, we recommend you to follow the
company s future developments.
The following financial data is retrieved from
the corporate balance sheet of :
L.D. Gems Bvba
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 15.013 9.691
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 15.013 9.691
Stock 466.668 361.223
Receivables 689.442 433.804
Shares 0 0
Liquid assets 76.226 29.432
Miscellaneous current assets 1.921 2.083
Total current assets 1.234.257 826.542
Shareholders
equity -6.679 1.570
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 1.255.449 834.663
Minority interests 0 0
Miscellaneous
liabilities 500 0
Total liabilities 1.249.270 836.233
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 2.150.304 2.121.655
Other income 0 0
Total expenses 2.060.718 2.109.277
Operating profit 89.586 12.378
Balance financial
P/L -81.590 -5.217
Net profit/loss 1] 7.996 7.161
Taxation 9 -1.088
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 7.987 8.249
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 7.987 8.249
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing -0,5 0,2
Equity/outside
capital -0,5 0,2
LIQUIDITY
Current ratio 1 1
Acid test 0,6 0,6
RATES OF RETURN %
Total assets 0,6 0,9
Shareholders equity -119,7 456,1
Pre tax
margin % 0,4 0,3
Turnover rate 172,1 253,7
(x
1) (x 1)
-------------------- --------------------
Working capital -21.192 -8.121
Shareholders equity + Equalization acc. -6.679 1.570
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%)