MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Reliance Bvba |
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Registered Office : |
Hoveniersstr 30-38, 2018 Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
15/05/1986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
International trade in (rough) 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
Reliance Bvba
Hoveniersstr 30-38
2018 ANTWERPEN
Tel.:+32
(0)3-2252343
Fax.:+32
(0)3-2263380
Legal status
Private limited company
Founded
15/05/1986, BVBA since 02/06/1986
Trade register
52251458
Capital
nominal EUR 18.600,--
issued and paid up EUR 18.600,--
Management
TASWALA Rajesh, Mumbai, India
Activity
International trade in (rough) diamonds.
Staff
1 employee.
Turnover
Net
turnover:
2005 Euro 3.036.620
2004 Euro 5.037.542
2003 Euro 3.403.195
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:
2005 Euro 16.325
2004 Euro 18.636
2003 Euro 8.429
The shareholders equity was as of:
31/12/2005 Euro 135.270
31/12/2004 Euro 118.945
31/12/2003 Euro 105.109
The
working capital was as of:
31/12/2005 Euro (72.614)
31/12/2004 Euro (32.543)
31/12/2003 Euro (962)
Export/Import: Europe, USA, India and Arabic
Emirates.
Bank: Antwerpse Diamant Bank NV/ 640 0936100
93
Correspondence
address:
PO box 218
2018 Antwerpen
Banks
ABN-AMRO NV
VAT-nr.
BE428939542
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 :
Reliance Bvba
Hoveniersstr 30-38,
2018 ANTWERPEN
Trade register 52251458
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Reliance
Bvba ***
BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible
assets 0 0
Tangible
assets 270.111 314.097
Financial
assets 545 545
Miscellaneous
fixed assets 0 0
Total fixed assets 270.656 314.642
Stock 583.195 848.161
Receivables 485.312 406.013
Shares 0 0
Liquid
assets 447.336 219.508
Miscellaneous
current assets 0 0
Total current assets 1.515.843 1.473.682
Shareholders equity 118.945 135.270
Provisions 0 0
Long-term
liabilities 119.168 106.758
Current
liabilities 1.548.386 1.546.296
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.786.499 1.788.324
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Reliance
Bvba ***
PROFIT & LOSS ACCOUNT ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 5.037.542 3.036.620
Other
income 0 0
Total
expenses 5.377.767 2.934.178
Operating
profit -340.225 102.442
Balance
financial P/L 364.969 -79.825
Net
profit/loss 1] 24.744 22.617
Taxation 6.108 6.292
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 18.636 16.325
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 18.636 16.325
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Legend
: 1] = Before tax
2] = After tax
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Reliance
Bvba *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity
gearing 6,7 7,6
Equity/outside
capital 7,1 8,2
LIQUIDITY
Current
ratio 1 1
Acid
test 0,6 0,4
RATES
OF RETURN %
Total
assets 1,4 1,3
Shareholders equity 20,8 16,7
Pre
tax margin % 0,5 0,7
Turnover
rate 282 169,8
(x 1) (x 1)
------------------- --------------------
Working
capital -32.543 -72.614
Shareholders equity + Equalization acc. 118.945 135.270
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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%)