MIRA
INFORM REPORT
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Report Date : |
07.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
NICE DIMON |
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Registered Office : |
Pelikaanstraat
62 B.502, 2018 Antwerpen Be |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24 February 1995 |
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Com. Reg. No.: |
308527 |
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Legal Form : |
Private company with
limited liability |
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Line of Business : |
Wholesale of
miscellaneous intermediate products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
NICE DIMON
PELIKAANSTRAAT 62
B.502
2018 ANTWERPEN BE
Tel. Number +32-3-2373612
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Business founded |
24 February 1995 |
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Business registered |
10 March 1995 - Private company
with limited liability |
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Registration number, |
308527, ANTWERPEN, |
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VAT number, |
BE454587431, |
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Legal form |
Private company with
limited liability |
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Activities |
Wholesale of
miscellaneous intermediate products |
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Payment experience |
Nothing to report |
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Credit opinion |
Credit opinion |
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Cash situation (balance
sheet analysis) : Very good |
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Profitability (balance
sheet analysis) : Very good |
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Commitments (regarding
contractual obligations) : Completely fulfilled |
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Payment defaults : None |
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Total share capital31 December 2006 |
EUR 18592,00 |
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Branch office(s) |
SCHUPSTRAAT 1 7,2018 ANTWERPEN |
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Bank |
ABN AMRO BANK |
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Boardmembers |
SHAH SACHIN RAJESH Manager |
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SARAIYA MUKESH Manager |
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The business owns or
partly owns one or more pieces of land and buildings? Yes(Property)
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Turnover for the
period: 00 0000 - 31 December 2006 in EUR 0,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2006 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
897.422,- |
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Total fixed assets |
2.224,- |
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Total tangible fixed assets |
1.109,- |
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Plant, machinery and equipment |
1.109,- |
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Total financial fixed assets |
1.116,- |
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Total Current assets |
895.198,- |
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Inventories and work in
progress (incl. prepayments) |
239.311,- |
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Accounts receivable (trade) |
440.362,- |
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Cash in hand and at bank |
214.087,- |
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Total accrued income and
prepaid expenses |
1.437,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
897.422,- |
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Total equity (Shareholders' funds) |
45.171,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
24.720,- |
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Legal reserves |
1.859,- |
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Total liabilities |
852.251,- |
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Total current liabilities |
852.251,- |
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Current accounts payable (trade) |
355.824,- |
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Income and social tax
liabilities |
2.643,- |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2006 in
EUR |
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Cost of goods sold
(operational format) |
2.174,- |
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Depreciation |
519,- |
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Operating profit or loss |
-2.455,- |
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Financial income |
101.713,- |
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Financial expenses |
72.196,- |
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Result of ordinary operations |
27.062,- |
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Extraordinary expenses |
50,- |
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Extraordinary result |
27.012,- |
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Taxes |
2.000,- |
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Net profit or loss |
25.012,- |
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Borrowing ratio |
1886,72 % |
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Current ratio |
105,03 % |
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Quick ratio |
76,79 % |
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Return on assets |
11,11 % |
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Return on equity. |
55,37 % |
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Solidity or equity ratio |
5,03 % |
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Turnover for the
period: 00 0000 - 31 December 2005 in EUR 0,00 |
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Not consolidated profit
and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2005 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
797.482,- |
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Total fixed assets |
884,- |
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Total tangible fixed assets |
884,- |
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Plant, machinery and equipment |
884,- |
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Total Current assets |
796.598,- |
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Inventories and work in
progress (incl. prepayments) |
392.241,- |
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Accounts receivable (trade) |
363.940,- |
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Cash in hand and at bank |
38.837,- |
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Total accrued income and
prepaid expenses |
1.580,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
797.482,- |
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Total equity (Shareholders' funds) |
45.159,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
24.708,- |
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Legal reserves |
1.859,- |
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Total liabilities |
752.323,- |
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Total current liabilities |
752.323,- |
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Current accounts payable (trade) |
209.128,- |
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Income and social tax liabilities |
2.424,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Cost of goods sold (operational format) |
2.196,- |
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Depreciation |
352,- |
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Operating profit or loss |
80.003,- |
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Financial income |
56.641,- |
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Financial expenses |
-108.350,- |
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Result of ordinary operations |
28.294,- |
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Extraordinary expenses |
-265,- |
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Extraordinary result |
28.029,- |
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Taxes |
-2.000,- |
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Net profit or loss |
26.029,- |
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Borrowing ratio |
1665,94 % |
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Current ratio |
105,88 % |
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Quick ratio |
53,53 % |
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Return on assets |
17,14 % |
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Return on equity. |
57,63 % |
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Solidity or equity ratio |
5,66 % |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 0,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
604.735,- |
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Total fixed assets |
1.236,- |
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Total tangible fixed assets |
1.236,- |
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Plant, machinery and equipment |
1.236,- |
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Total Current assets |
603.499,- |
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Inventories and work in progress (incl. prepayments) |
547.249,- |
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Accounts receivable (trade) |
8.434,- |
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Cash in hand and at bank |
47.618,- |
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Total accrued income and prepaid expenses |
198,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
604.735,- |
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Total equity (Shareholders' funds) |
44.130,- |
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Issued (subscribed) capital |
18.592,- |
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Profit reserves |
23.679,- |
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Legal reserves |
1.859,- |
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Total liabilities |
560.605,- |
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Total current liabilities |
560.605,- |
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Current accounts payable (trade) |
64.831,- |
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Current liabilities to credit institutions |
22.132,- |
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Income and social tax liabilities |
2.776,- |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
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Cost of goods sold (operational format) |
1.851,- |
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Depreciation |
441,- |
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Operating profit or loss |
-3.494,- |
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Financial income |
44.037,- |
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Financial expenses |
-20.027,- |
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Result of ordinary operations |
20.516,- |
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Extraordinary result |
20.516,- |
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Taxes |
2.446,- |
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Net profit or loss |
22.962,- |
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Borrowing ratio |
1270,35 % |
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Current ratio |
107,65 % |
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Quick ratio |
9,99 % |
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Return on assets |
6,77 % |
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Return on equity. |
52,03 % |
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Solidity or equity ratio |
7,29 % |
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%)