MIRA INFORM REPORT

 

 

Report Date :

07.02.2008

 

IDENTIFICATION DETAILS

 

Name :

MOGULDIAM BVBA

 

 

Registered Office :

Schupstraat 9 11, 2018 Antwerpen 

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

10.03.1978

 

 

Com. Reg. No.:

212771, ANTWERPEN

 

 

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

 

 MOGULDIAM BVBA

 SCHUPSTRAAT 9 11

 2018 ANTWERPEN BE

Tel. Number +32-3-2338303

Fax number +32-3-2312345

 

 

 

Business founded

10 March 1978

Business registered

07 April 1978 - Private company with limited liability

Registration number,

212771, ANTWERPEN,

VAT number,

BE418170760,

Legal form

Private company with limited liability

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Cash situation (balance sheet analysis) : Very good 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Employees (Business)

 1

Total share capital31 December 2006

EUR 19000,00

Branch office(s)

SCHUPSTRAAT 9,2018 ANTWERPEN   

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Board members

DUGAR VIPIN    Manager

 

JAIN VINOD    Manager

Management

DUGAR VIPIN    Decision-maker

 

FRANCOIS PHILIPPE ANNA RICHARD    Representative and auditor

Auditor

WESTEN, FRANCOIS & CO, BEDRIJFSREVISOREN    Auditors´ president

 

 

 

 

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 32.896.000,00

 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

18.352.000,-

Total fixed assets

7.000,-

Total tangible fixed assets

2.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

18.345.000,-

Inventories and work in progress (incl. prepayments)

6.857.000,-

Accounts receivable (trade)

10.834.000,-

Cash in hand and at bank

646.000,-

Total accrued income and prepaid expenses

8.000,-

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

18.352.000,-

Total equity (Shareholders' funds)

279.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

258.000,-

Legal reserves

2.000,-

Total liabilities

18.073.000,-

Total current liabilities

18.073.000,-

Current accounts payable (trade)

17.720.000,-

Current liabilities to credit institutions

13.000,-

Income and social tax liabilities

50.000,-

 

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

Total operating income/revenue

32.908.000,-

Main revenue (sales/turnover)

32.896.000,-

Total operating expenses

32.822.000,-

Cost of materials (type of expenditure format)

32.521.000,-

Cost of goods sold (operational format)

32.822.000,-

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

86.000,-

Personnel costs

30.000,-

Depreciation

1.000,-

Operating profit or loss

86.000,-

Financial expenses

25.000,-

Result of ordinary operations

61.000,-

Extraordinary result

61.000,-

Taxes

21.000,-

Net profit or loss

40.000,-

Borrowing ratio

6477,78 %

Current ratio

101,50 %

Profit margin.

0,26 %

Quick ratio

63,52 %

Return on assets

0,37 %

Return on equity.

14,33 %

Solidity or equity ratio

1,52 %

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 20.545.000,00

 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

16.508.000,-

Total fixed assets

8.000,-

Total tangible fixed assets

3.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

16.500.000,-

Inventories and work in progress (incl. prepayments)

8.103.000,-

Accounts receivable (trade)

7.963.000,-

Cash in hand and at bank

428.000,-

Total accrued income and prepaid expenses

6.000,-

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

16.508.000,-

Total equity (Shareholders' funds)

240.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

219.000,-

Legal reserves

2.000,-

Total liabilities

16.268.000,-

Total current liabilities

16.267.000,-

Current accounts payable (trade)

15.491.000,-

Income and social tax liabilities

46.000,-

Total accrued expenses and deferred income

1.000,-

 

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

Total operating income/revenue

20.580.000,-

Main revenue (sales/turnover)

20.545.000,-

Total operating expenses

-19.874.000,-

Cost of materials (type of expenditure format)

19.633.000,-

Cost of goods sold (operational format)

19.874.000,-

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

706.000,-

Personnel costs

29.000,-

Depreciation

1.000,-

Operating profit or loss

706.000,-

Financial income

4.310.000,-

Financial expenses

-4.963.000,-

Result of ordinary operations

53.000,-

Extraordinary result

53.000,-

Taxes

-19.000,-

Net profit or loss

34.000,-

Borrowing ratio

6778,33 %

Current ratio

101,42 %

Profit margin.

3,43 %

Quick ratio

51,58 %

Return on assets

0,35 %

Return on equity.

14,16 %

Solidity or equity ratio

1,45 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 18.739.000,00

 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

12.277.000,-

Total fixed assets

9.000,-

Total tangible fixed assets

4.000,-

Total financial fixed assets

5.000,-

Investments (long-term)

5.000,-

Total Current assets

12.268.000,-

Inventories and work in progress (incl. prepayments)

3.432.000,-

Accounts receivable (trade)

8.688.000,-

Cash in hand and at bank

145.000,-

Total accrued income and prepaid expenses

3.000,-

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

12.277.000,-

Total equity (Shareholders' funds)

206.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

185.000,-

Legal reserves

2.000,-

Total liabilities

12.071.000,-

Total current liabilities

12.071.000,-

Current accounts payable (trade)

11.386.000,-

Income and social tax liabilities

31.000,-

 

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

Total operating income/revenue

18.754.000,-

Main revenue (sales/turnover)

18.739.000,-

Total operating expenses

-18.914.000,-

Cost of materials (type of expenditure format)

18.699.000,-

Cost of goods sold (operational format)

18.914.000,-

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

-160.000,-

Personnel costs

29.000,-

Depreciation

1.000,-

Operating profit or loss

-160.000,-

Financial income

6.023.000,-

Financial expenses

-5.820.000,-

Result of ordinary operations

43.000,-

Extraordinary result

43.000,-

Taxes

-9.000,-

Net profit or loss

34.000,-

Borrowing ratio

5859,71 %

Current ratio

101,63 %

Profit margin.

-0,84 %

Quick ratio

73,17 %

Return on assets

0,42 %

Return on equity.

16,50 %

Solidity or equity ratio

1,67 %

 

 

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