MIRA
INFORM REPORT
|
Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PINALDIAM BVBA |
|
|
|
|
Registered Office : |
Hoveniersstraat 30, 2018
Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
07.10.1992 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The Wholesale Business, including Import and Export, of
Polished and Raw Diamonds. |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
Pinaldiam Bvba
Hoveniersstraat 30
2018 ANTWERPEN
Tel.:+32
(0)3-2326618
Fax.:+32
(0)3-2337605
Legal status
Private limited company
Founded
07/10/1992, BVBA since 23/10/1992
Trade register
99377352
Capital
Nominal EUR 18.592,--
Issued and paid up EUR 18.592,--
Management
-Kheni Ajay Pravinbhai, Quinten Matsijslei
38, bus 13, 2018 Antwerpen.
Activity
The wholesale business, including import and
export, of polished and raw diamonds.
Staff
1 employee.
Turnover
Net turnover:
2006 Euro 5.400.000
2005 Euro 34.452.000
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 1.445.000
2005 Euro 56.000
The
shareholders equity was as of:
31/12/2006 Euro 1.651.000
31/12/2005 Euro 207.000
The working
capital was as of:
31/12/2006 Euro 1.627.000
31/12/2005 Euro 189.000
Previous
name:
Penal BVBA
Full
address:
Hoveniersstraat
30, Bus 208
ADH
Building Office 823
2018 ANTWERPEN
Bankers:
Antwerpse Diamantbank
Banks
Under remarks
VAT-nr.
BE448377352
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 :
Pinaldiam Bvba
BALANCE
SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 40 33
Financial assets 2 2
Miscellaneous fixed assets 0 0
Total fixed assets 42 35
Stock 2.214 4.495
Receivables 11.578 4.060
Shares 0 0
Liquid assets 198 787
Miscellaneous current assets 0 0
Total current assets 13.990 9.342
Shareholders
equity 207 1.651
Provisions 0 0
Long-term liabilities 24 11
Current liabilities 13.801 7.715
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 14.032 9.377
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 34.452 5.400
Other income 0 0
Total expenses 34.311 5.352
Operating profit 141 48
Balance financial P/L -59 -40
Net profit/loss 1] 82 8
Taxation 26 71
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 56 -63
Balance extraordinary P/L 0 1.508
Taxation 0 0
Extraordinary P/L 2] 0 1.508
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0
Net result 56 1.445
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 1,5 17,6
Equity/outside
capital 1,5 21,4
LIQUIDITY
Current ratio 1 1,2
Acid test 0,9 0,6
RATES OF RETURN %
Total assets 0,6 0,1
Shareholders equity 39,6 0,5
Pre tax
margin % 0,2 0,1
Turnover rate 245,5 57,6
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 189 1.627
Shareholders equity + Equalization acc. 207 1.651
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.28 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.65.69 |
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%)