MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
JATIN DIAMOND BVBA |
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Registered Office : |
Hoveniersstraat 2 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 : |
03.07.1984 |
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Com. Reg. No.: |
2018 ANTWERPEN |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale Business in
Rough and 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
Jatin Diamond Bvba
Hoveniersstraat 2
2018 ANTWERPEN
Tel.:+32
(0)3-2272185
Fax.:+32
(0)3-2272185
Legal status
Private limited company
Founded
03/07/1984 as BVBA
Trade
register
52241564
Capital
Nominal EUR 18.600,--
Issued and paid up EUR 18.600,--
Management Ashwin B. Gohil
Activity
Wholesale business
in rough and polished diamonds.
Staff
1 employee.
Turnover
Net turnover:
2005 Euro 3.373.244
2004 Euro 2.094.587
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 5.667
2005 Euro 4.248
2004 Euro 1.932
The
shareholders equity was as of:
31/12/2006 Euro 68.154
31/12/2005 Euro 62.487
31/12/2004 Euro 58.239
The working
capital was as of:
31/12/2006 Euro 65.675
31/12/2005 Euro 59.804
31/12/2004 Euro 238.893
Banks
Not known
VAT-nr.
BE425952437
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 :
Jatin Diamond Bvba
Hoveniersstraat 2, 2018 ANTWERPEN
Trade register 52241564
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 204 0
Financial assets 2.479 2.479
Miscellaneous fixed assets 0 0
Total fixed
assets 2.683 2.479
Stock 824.110 630.753
Receivables 2.158.059 2.129.726
Shares 0 0
Liquid assets 111.843 193.457
Miscellaneous current assets 0 0
Total current
assets 3.094.012 2.953.936
Shareholders
equity 62.487 68.154
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 3.034.208 2.888.261
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 3.096.695 2.956.415
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 3.373.244 0
Other income 0 0
Total expenses 3.195.946 1.233
Operating profit 177.298 12.562
Balance financial P/L -171.212 -5.586
Net profit/loss 1] 6.086 6.976
Taxation 1.838 1.493
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 4.248 5.483
Balance extraordinary P/L 0 184
Taxation 0 0
Extraordinary P/L 2] 0 184
Res. sub. companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 4.248 5.667
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 2 2,3
Equity/outside
capital 2,1 2,4
LIQUIDITY
Current ratio 1 1
Acid test 0,7 0,8
RATES OF RETURN %
Total assets 0,2 0,2
Shareholders equity 9,7 10,2
Pre tax
margin % 0,2 0
Turnover rate 108,9 0
(x
1) (x 1)
-------------------- --------------------
Working capital 59.804 65.675
Shareholders equity + Equalization acc. 62.487 68.154
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%)