MIRA INFORM REPORT

 

 

Report Date :

22.02.2008

 

IDENTIFICATION DETAILS

 

Name :

ABHIDIMON BVBA

 

 

Registered Office :

Hoveniersstraat 30 B.144, 2018 Antwerpen 

 

 

Country :

Belgium

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

09.01.1997

 

 

Com. Reg. No.:

321166

 

 

Legal Form :

Single Member Private Limited Company

 

 

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

 

Maximum Credit Limit :

EUR 126500

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

ABHIDIMON BVBA

HOVENIERSSTRAAT 30 B.144

2018 ANTWERPEN BE

Tel. Number       +32-3-2263989

Fax number       +32-3-2265356

 

 

Business founded

09 January 1997

Business registered

11 February 1997 - Single member private limited company

Registration number,

321166, ANTWERPEN,

VAT number,

BE459870763,

Legal form

Single member private limited company

Activities

Wholesale of miscellaneous intermediate products

Payment experience

no complaints have been registered

Credit opinion

Credit opinion

 

Maximum credit limit 126500 EUR is advised

 

Cash situation (balance sheet analysis) : Limited 

 

Profitability (balance sheet analysis) : Medium 

 

Commitments (regarding contractual obligations) : Currently fulfilled 

 

Payment defaults : None 

Employees (Business)

 0

Total share capital31 December 2005

EUR 19000,00

Branch office(s)

HOVENIERSSTRAAT 2 B.402,2018 ANTWERPEN   

Bank

BANQUE DIAMANTAIRE ANVERSOISE   

Board members

MEHTA ATULKUMAR    Manager

 

MEHTA JAYESH ARVINDKUMAR    Manager

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 44.116.000,00

 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

20.616.000,-

Total fixed assets

488.000,-

Total tangible fixed assets

488.000,-

Land and buildings

415.000,-

Plant, machinery and equipment

17.000,-

Total Current assets

20.128.000,-

Inventories and work in progress (incl. prepayments)

3.794.000,-

Accounts receivable (trade)

16.268.000,-

Cash in hand and at bank

66.000,-

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

20.616.000,-

Total equity (Shareholders' funds)

418.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

388.000,-

Legal reserves

11.000,-

Total liabilities

20.198.000,-

Total current liabilities

20.198.000,-

Current accounts payable (trade)

4.667.000,-

Current liabilities to credit institutions

14.382.000,-

Income and social tax liabilities

13.000,-

 

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

Total operating income/revenue

44.116.000,-

Main revenue (sales/turnover)

44.116.000,-

Total operating expenses

-42.633.000,-

Cost of materials (type of expenditure format)

42.288.000,-

Cost of goods sold (operational format)

42.633.000,-

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

1.483.000,-

Personnel costs

18.000,-

Depreciation

44.000,-

Operating profit or loss

1.483.000,-

Financial expenses

-1.372.000,-

Result of ordinary operations

111.000,-

Extraordinary result

111.000,-

Taxes

-29.000,-

Net profit or loss

82.000,-

Borrowing ratio

4769,42 %

Current ratio

99,65 %

Profit margin.

3,46 %

Quick ratio

80,86 %

Return on assets

4,57 %

Return on equity.

19,61 %

Solidity or equity ratio

2,02 %

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 29.938.000,00

 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

18.549.000,-

Total fixed assets

528.000,-

Total tangible fixed assets

528.000,-

Land and buildings

435.000,-

Plant, machinery and equipment

21.000,-

Total Current assets

18.021.000,-

Inventories and work in progress (incl. prepayments)

6.974.000,-

Accounts receivable (trade)

10.788.000,-

Cash in hand and at bank

259.000,-

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

18.549.000,-

Total equity (Shareholders' funds)

336.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

306.000,-

Legal reserves

11.000,-

Total liabilities

18.213.000,-

Total current liabilities

18.213.000,-

Current accounts payable (trade)

4.023.000,-

Current liabilities to credit institutions

12.408.000,-

Income and social tax liabilities

2.000,-

 

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

Total operating income/revenue

29.938.000,-

Main revenue (sales/turnover)

29.938.000,-

Total operating expenses

-29.667.000,-

Cost of materials (type of expenditure format)

29.337.000,-

Cost of goods sold (operational format)

29.667.000,-

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

271.000,-

Personnel costs

14.000,-

Depreciation

36.000,-

Operating profit or loss

271.000,-

Financial income

168.000,-

Financial expenses

-365.000,-

Result of ordinary operations

74.000,-

Extraordinary income

25.000,-

Extraordinary result

99.000,-

Taxes

-41.000,-

Net profit or loss

58.000,-

Borrowing ratio

5333,39 %

Current ratio

98,94 %

Profit margin.

1,02 %

Quick ratio

60,65 %

Return on assets

2,39 %

Return on equity.

17,26 %

Solidity or equity ratio

1,81 %

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 31.973.000,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

16.033.000,-

Total fixed assets

499.000,-

Total tangible fixed assets

499.000,-

Land and buildings

448.000,-

Plant, machinery and equipment

29.000,-

Total Current assets

15.534.000,-

Inventories and work in progress (incl. prepayments)

4.174.000,-

Accounts receivable (trade)

10.683.000,-

Cash in hand and at bank

677.000,-

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

16.033.000,-

Total equity (Shareholders' funds)

278.000,-

Issued (subscribed) capital

19.000,-

Profit reserves

248.000,-

Legal reserves

11.000,-

Total liabilities

15.755.000,-

Total current liabilities

15.755.000,-

Current accounts payable (trade)

1.786.000,-

Current liabilities to credit institutions

12.159.000,-

Income and social tax liabilities

1.000,-

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Total operating income/revenue

31.973.000,-

Main revenue (sales/turnover)

31.973.000,-

Total operating expenses

-31.845.000,-

Cost of materials (type of expenditure format)

31.505.000,-

Cost of goods sold (operational format)

31.845.000,-

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

128.000,-

Personnel costs

28.000,-

Depreciation

32.000,-

Operating profit or loss

128.000,-

Financial income

457.000,-

Financial expenses

-480.000,-

Result of ordinary operations

105.000,-

Extraordinary result

105.000,-

Taxes

-42.000,-

Net profit or loss

63.000,-

Borrowing ratio

5557,52 %

Current ratio

98,59 %

Profit margin.

0,50 %

Quick ratio

72,10 %

Return on assets

3,56 %

Return on equity.

22,66 %

Solidity or equity ratio

1,73 %

 

 

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/normal.

 

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